REGISTERED COMPANY NUMBER: 12149016 (England arld Wales} Re&sTERED CHARifY NUMBER.. 1192274 REPORT OF ThE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 FOR TIR CERIDWEN C(XIPANIES HOUSE Br[￿senS Chartued Certified ArLountants Eden House Two Rwefs Bu￿r￿S Pa Witney Oxf¢xdshi OX28 4BL TIR CERIDWEN CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Page Reference and Adminislrative Details Roport of th• Trnst••s Indepen(knl Examinerfs Report Statemènt ol Financial Activities Balance Sheel Notes io the Financial Slat•m•nts TIR CERIDWEN REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2024 TRUSTEES Mr P G B Gwnauli (resIgn￿ 16.3.25) Mr A C H Gor(th OBE MrAWTayl Ms L Wallwuk COMPANY SECRETARY Mrs A lthitbread REGISTERED OFFICE Plas txvbl Myna¢hlogddu Pembrokeshi SA86 7SE REGISTERED COMPANY NUMBER 1214￿16 {ErytaTrJ aThJ Wale5) REGISTERED CHARITY NUMBER 1192274 INDEPENDENT EXAhllNER Br￿SenS Chartered CerbfEd AcC￿￿tantS Eden House Two Rryers Business Park Oxfordshire OX28 4BL Pa9e 1 TIR CERIDWEN (REGISTERED NUMBER.. 121490161 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The trL*Stees who ar8 also difeciofs of the charity for the purposes of thè Companies Act 2006, present their report with the financial statemènts of the d)arity l¢v th• year ended 31 August 2024. The trustee5 have (k)pled the prowsions of Acc(￿ntIng Rwbng by Chariues.. Statement of Recommended Praclice applicable to tharibes preparing th&"r accounts in accordance ¥￿th the FinanGial Rep￿ting Standard applicable in the UK and Republic ol Ird8nd {FRS 1￿2> (effective 1 January 2019). OBJECTIVES AND ACTMTIES Objectives and aims The Charity's objects are for the public benefft arnl a￿.. la) To promote for the benefft of the public the ¢OrW￿tiOn, wotedion. improvement and sustainability of thè phy5tcal and natural environment. parficuLgrly bul nol exclusvety. by Ltsng Rudolf Steinerfs meth￿S to promote knodYnWn￿ agricUttU￿ and hortthrture. research Ith8 usèful results ol which will be disseminated for Ihe tEnefftl'. (bl To &lvan¢e the educatKJn of the publc in the c(¥￿1VatiC￿. wotect￿n and inv0ve￿t of the physical and natural enwronment.. Icl The advarthnent of the ethution of Ihe wblic by kYovKling lx a59sting in the provison of an experimenlal and prac[￿ s￿lIS orentsted education in assoaatth wilh schools and insbtulions. including Ihose fu young people with special eilucab.onal need5. ¢Wdb"ng in vthole or in part in accordance with the principles of Ruddl Steiner. Public benefit Ensuring we meet our a•ms The Truslees review the aims. obiectNes and ￿11¥rtieS each year. We tcw)k * wh* w8 have achieved in temis of the success ol eath key &ts"vity and the Lv)efits we have brwght to fhose groups we are set up to hdp. This review a150 helps us to ensure our aims. objectives and activth'es remain focussed on OLtr stated purposes. We have rele￿e[s to the guKlance contained in the Charity CoMmiss￿'S general guidan¢e on Publ￿ benefit Wh￿ re¥th￿ng our aims and rtjjectives and in planning our fijtwe activities. In pth'ctslar the Trustees congder how planrpd a¢tivities ￿11 ¢￿1n"1Xrte lo the aims and c*iective5 we have set. ACHIEVEMENT AND PERFORMANCE Charitable activities The main activity ol the chanty thJrirKJ the year has baen the l•a&ng of Tvr Eithin Farm. its principal asset. to Ru5knn Mill Twust Ltd lor Ihe pur[￿Se of cperaliryJ a therapeLrtic educational PTcard of trustees on 28 May 2025 its behalf by: Mr A C H Gcrfdon OBE. Trustee Page 2 INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF TIR CERIDbYEN Indepgnd•nt •xam5n•rfs report to the tNstee5 ofTir Cèrthen Ilhè Company I report to Ihs charity trustees ￿ my examina1￿ of the aC0￿￿ts of the C(¥npany for the year ended 31 August 2024_ R8sponsibllltl•s and basls of report As the charty's trustees of the Company land also its direclcws lor purw)ses of company law} you are responsible for the pr8wation of the acc(*Jnts ￿ accrKdarKe V•ith the reyuiremenls of the Ccffnpanies Act 20061'the 2006 Acri. Having satisfied mysew thal Ihe acc¥Junts of Ihe C￿npanY are ncrt req￿red lo be aL*Jited under Part 16 of the 2006 Act and are eligible for independent examinakn"on. I repryt in resFect of my examinati￿ of your charity's accounts as carried out under Section 145 of the charib.es Aci 2011 Ilhe 2011 Act.). In carying out my examinakn.on I have folky•4&J the Threciions by ihe Charity c￿nIn1551￿ urhyer SectitM 14515} (bl ol the 2011 Act. Independent •xamin¢rfs statMwnt Since your charity's gross income exceeded £250.000 exanxrw musl be a ffember of a listed body. I an confirm that l am qualffied to undertake the examinat¢(￿ because l am a member of the Institute of Chartered Accountants in En9land and Wajes. whth is ol the listed LKKI*s. I have cornpleted my examination. I wifim that no matters hav$ to my att8ntion in conne¢l￿ wth thg examination giving me cause lo believe-. accounting rerxjrds Y￿e rK)t k8Pt in re4)e¢l of ihe C￿npanY as rwuired by secti￿ 386 of the 2006 Act.. or the ac¢crtJnts do not ac¢oryJ ¥thh those recor(Is' ¢y the accounts do not COm￿Y wih the amwntir*J requirwrths of Se¢tion 3￿ of Ihe 2006 Ad other than any r￿ul￿men1 that the accounts gve a fa* we•4 whith is not a matter considered as part of an independent examinab"on', or the accounis have b￿n prepared in acc¢ydarte ￿ Ihe r￿¢￿$ aThd principles of the Slalemenl of Recc*nmended Practti for accounting and repcthg by charities lapplKable to charib8s preparlng their ac¢ounls in accordarKe Finan¢i* Rwbng Standard applicab￿ in the UK an¢J Republic of IrelarKI IFRS 1021). I have no concems have come a¢Jwtss no ollw matters in wIne¢tTr￿ wth the eXaMina￿n lo which attentKJn should be drawn in llis report in ¢yder to enable a woper uThJer5tanding of the accounts lo be a¢hed. Philip Burton Bsc FCA Br(￿SenS Charte￿d Cerbfied A¢¢(Kmtants Eden House Two Rivers Busrtts Park Wilney Oxfordshire OX28 4BL 28 May 2025 Pa99 3 TIR CERIDWEN sTATEmEP￿ OF FINANCIAL ACTNMES FOR THE YEAR ENDED 31 AUGUST 2024 31.8.24 Unre5trKled fund 31.8.23 Total funds N¢rtes INCOME AND ENDOWIIENTS FROM Donations and legacies InVestn￿l inc(xne 18.380 Total EXPENDITURE ON Charilable activities Depreuation Other Total 18,380 NET INCOMEI{EXPENDITURE) 49).Cl)O 11.4801 RECONCILIATION OF FUNDS Total fvnds broLKJht fwar 4,744 6.224 TOTAL FUNDS CARRIED FORWARD 454,744 4,744 The rK)tes flym wl ofthese fin￿1)￿ Sts1￿ments Page 4 TIR CERIDWEN (REGISTERED NUAIBER: 12149016) BALANCE SHEET 31 AUGUST 2024 31.8.24 Unrestricted fvnd 31.8.23 Tol81 funds FIXED ASSETS Tangible assets 441,CrfMJ CURRENT ASSErs Debtors Cash al barbk 1.532 21.508 23,040 CREDITORS Amounts fallin9 due withNI on& year 19.2961 17001 CURRENT ASSETS 13,744 4.744 TOTAL ASSETS LESS CURREiir LIABILITIES 454.744 4.744 NET ASSETS 454.744 4.744 FUNDS Unrestricted furnls 454,744 4,744 TOTAL FUNDS 454.744 4.744 The charilable company is to eXemp1K￿ from alth Seclicfi 477 of the Ccffi)panies Aet 2006 fcf thè year ended 31 Au9USt 2024. The members have not r￿u1red the company lo ct*lan) an audit of rts financial Statem￿ year ended 31 August 2024 in accordan￿ bwth SÈth"on 476 of the c￿￿panIeS Acl 2006. The trusteès a¢kntywledge Iher reSpK￿thlitseS for {al ensuring that the charitable company keeps &uxJntiry rec£Ats that Comply Sections 386 and 387 of the Companies Aci 2006 and preparing financial slaterrents which give 8 true and tsir of ￿ stste of 8ffairs of Ihe ch8rrt8ble company as at the end of ea¢h financial year and of rts 9J￿luS or dthrt f¢x each financial year in accorda￿ with the requirements of seCt￿s 394 and 395 and whth otheThwse r￿rnpty with the requirements of the Companies A¢1 2C#)6 rel*"rwJ to finanual Stat￿ents. so far as appl￿ble to the charitaNè company. {bl These financial statements have teen prepared in xor(lance the kwoviwons aFpli¢able lo ch8ritsN8 rAynpaniès subied to the small companies wime. Th& financial stat￿￿lS we approv&J by the Bc•rd of Tru*ees aulh¢yised for iswe u) 28 May 2025 aThJ were signed on its bèhall by.. Mr A C H G¢xdffi OBE- Trustee The notes f￿ part ofthese financial statements TIR CERIDWEN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES B•sis of preparing th• financial sLit•m•nts The finanaal statements of the charitable cDmpany. wh.ich is a publ￿ benefit enlty under FRS 102. have been prepared in accordan￿ wilh the Charit￿ SORP {FRS 1021 'A¢¢ountsng and Reporting by Charities". Statèment of Recommended Practice app1Kab￿ lo charities preparirrfJ their accourbts in accordance wilh the Financkil Rwbng Standard applicable in the UK arKI Republic ol Ireland IFRS 102} (effective 1 January 20191,, Finanoal Rekth"ng Standard 102 The Financial Reporting Stsn¢Jard app1Kab￿ in the UK and Repu￿￿ of Ireland and the CTrmpanigs Act 2LX16. The financral statements have been prepared under the histtxical c051 ccywention. Incom• l income is recognised in Ihe Staleff*nl ￿ Finanoal AclMD"es owKe Ihe charity has enbt￿ment to th8 funds, il i8 probable that the income V•il be [￿￿ed and the a￿￿nI can te Measu￿ rdiably. Expendlture Liabilities a￿ reco￿lSed as ewditure as scTh as there is a legal or ¢Mstruthe obligation committing the charty to that exp￿drtUr*. rt is probatAè th*.a transfer of ecornmic benefits will be quired in settlement and the arTh)unl of the obligat#Jn can be measured reliably. Expenditure is accounted for on an accruals basis and has been dassffj￿ under headings that a9Jregate all cost related to Ihe eategory. Whère cannot be dir￿uY attributed to pa￿CUlar headI￿S Ihoy have been alhxated to acts'vities on a bass consistent the use of restyjrtss. Tangib￿ fix•d asséts Dèprettati￿ ￿ provthd al the annual rates order to vhite off ea¢h asset over its estimated usefij life. Fr8•hokl prop*ty . Straw I￿e over YJ years Related party •X•MP￿0n The charitsble company has taken thantage of exernpti￿. under the tem)s of Financial Reporting Standard 102 The Finanual Repo￿"n9 Standafd appl￿b￿ in the UK arbd Republic of Ireland., Th)t lo discloss related paty transa¢b.￿S wilh wholty v•med subsKIBries wthin the gro￿. Taxation The charity is exempl from ¢)N[￿akn lax ils actNibes. Fund ae¢ounting Unrestricted funds can be us&J in acc¢ydan¢e wilh Ihe ¢haiitsble obiecbves at the discJetK*i of th• trustees. Re*ricted funds can onty be used partiujlar reStr￿ted purposes ￿thIn Ihe obje¢ts of the charity. Restrictions arise when specified by the d(*￿r or when funds a￿ raised for wticular restrict8d purposes. Further explanation ol the natu￿ PLwpose of e￿h ILThJ is inckjded in the notes lo the financial ststements. Page 6 continLWI... TIR CERIDWEN NOTES TO THE FINANCIAL STATEMENTS. continued FOR THE YEAR ENDED 31 AUGUST 2024 INVESTMENT INCOME 31.8.24 31.8.23 Rents reC￿ved 18.380 INCOMEIIEXPENDITURE) Net irwnrfexpendrturel is staled after charg1￿(cr￿Jit11g).' 31.8.24 31.8.23 Deprecialion. assets TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuriwab'on or other b￿efft$ for the ye8r ended 31 August 2024 w f(% the year 31 August 2023. Truste•g' expenses Th8re were no trustees. expenses paid lor the year pmded 31 August 2024 for the ye8r ended 31 A￿v512023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES Unrestiicled fund EXPENDITURE ON 1.480 NET INCOMEIIEXPENDMJRE) 11.4801 RECONCILIAnoN OF FUNDS Total funds brought forward 6.224 TOTAL FUNDS CARRIED FORWARD 4.744 Page 7 continued... TIR CERIDWEN NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2024 TANGIBLE FIXED ASSETS Freehold propety COST Additions 450.OCQ OEPRECIATION Charge f¢y year 9,000 NET BOOK VALUE At 31 August 2024 441.000 At 31 August 2023 During the year 8 freeh￿1 proFerty ¥8lwJ at £450,000 was transferred lo the charity from rts parent charity. Ruskin Mill Land T1￿1. DE8TORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.8.24 31.8.23 Trade debtors 1.532 cRED￿ORS. AMOUNTS FALLING OUE WITfrHN ONE YEAR 31.8.24 31.8.23 Amtiunts owed to group undertaknngs Accnjals and deferred I￿orne 700 700 alOVEMENT IN FUNDS Net movement in lurKIs At 31.8.24 Al 1.9.23 Unrestricted funds General fund 4.744 . 49).(M)O 454,744 TOTAL FUNDS 4,744 450,OC 454.744 Nel rnovement in hjnds, in¢*Jd￿ in the above ￿ as f￿1￿￿.. In￿mIr0 Resources Movement resc￿[¢8$ expended fvnds Unrestricted funds General fund {18.3801 4￿.000 TOTAL FLINDS {18.Wl 4S).O(K) Page 8 ContnL￿d... TIR CERIOWEN NOTES TO THE FINANCIAL STATEMEr￿S- continued FOR THE YEAR ENDED 31 AUGUST 2024 OVEMENT IN FUNDS- coniinu•d Comparatives lor movement in funds Net movemgnl funds At 31.8.23 At 1.9.22 Unrestrlctsd funds General fund 6.224 11.480} 4,744 TOTAL FUNDS 6.224 11.4801 4.744 CcffiparalN8 nel rYK)vement fft funds. inchjded in Ihe attym are as f¢>lcw5: Irwmir Resources Movement res￿r¢e$ expended in lunds Unrestricted funds General fun 11,480) 11.4801 TOTAL FUNDS {1.480) 11,4801 10. RELATED PARTY DISCLOSURES During thè y8ar. the company recievd renlal irKome of £18.380 frcrfn Tran51orm Res*￿￿tial LwThle¢J, a company ofwhich Mr ACH Gord(￿ ts a direi#LY. Page 9