## ## ## ## ## ## |||||||||||||SORP reference|SORP reference|SORP reference|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Summary|||ofthe|||purposes||||of|the|Para 1.17|||The stated
purpose
of the
Charity
is for the| |charity|||as||set|||out||in|its||||general
benefit of the inhabitants
of the Kenfig| |governing|||document||||||||||||area
in such
charitable
ways as the Trustees| ||||||||||||||||think fit.| |Summary
in relation|||of
to||the main
activities
those purposes
for|||||||Para
1.19|1.17|and|Income is generated
from the rental ofproperties
held, from grazing
rentals,
external
grants,
and| |the|public|||benefit,||||in|particular,||||||car parking charges.| |the||activities,|||||projects||||or||||| |services||||identified|||||in||the||||As freeholder
of the
Prince
of Wales
Public| |accounts.|||||||||||||||House,
the
Trust
carries
out
its
duties
of| ||||||||||||||||maintenance
and repair as required.| ||||||||||||||||A portion of Pyle and Kenfig Golf Club is on land| ||||||||||||||||leased from the Trust.| ||||||||||||||||The larger
part of the Trust's
land
is the 1400| ||||||||||||||||acres of Kenfig
Burrows,
which
is a National| ||||||||||||||||Nature
Reserve
and a Site of Special Scientific| ||||||||||||||||Interest.
This was formerly
leased
to Bridgend| ||||||||||||||||County Borough Council,
but has reverted
to the| ||||||||||||||||Trust's
control,
In order to be able to carry
out| ||||||||||||||||the statutory
requirements
involved
in managing| ||||||||||||||||a Nature
Reserve
of International
importance,| ||||||||||||||||the Trust has signed a Management
Agreement| ||||||||||||||||with
Natural
Resources Wales (NRW), who
will| ||||||||||||||||manage
the land for its wildlife and conservation| ||||||||||||||||features.| ||||||||||||||||The Trust retains overall control ofthe land, and| ||||||||||||||||ofthe Reserve Centre building.| |Statement||||confirming|||||whether|||Para 1.18|||In
planning
and
carrying
out
the
charity's| |the|trustees|||have|||had||regard||to||||objectives
during
the year, we kept
in mind
the| |the|guidance|||||issued|||by||the||||Charity
Commission
guidance
on public benefit| |Charity||Commission|||||||on|public|||||at our trustee meetings.| |benefit|||||||||||||||| ## ||||||SORP reference|| |---|---|---|---|---|---|---| |Policy on grant making|||||Para 1.38|The charity
invites applications
for funding
from| |||||||local organisations
including
schools, churches,| |||||||youth,
sporting
and other worthy
bodies through| |||||||advertising
in the local press, usually
on a twice-| |||||||yearly
basis.
Applicants
must
disclose
the| |||||||purpose oftheir claim, details ofother sources of| |||||||funding,
if any, and provide a full estimate of the| |||||||proposed
work or reason for the funding
applied| |||||||for, Applicants
must be based within
the Trust's| |||||||Area
of Benefit
and
no
applications
can
be| |||||||considered
from individuals.| |Policy|on|social|investment||Para 1.38|| |including||program||related||| |investment||||||| |Contribution||made||by|Para 1.38|In addition
to Trustees,
who are all volunteers,| |volunteers||||||the Trust
is grateful
to the contribution
made
by| |||||||volunteers
within
the
Kenfig
National
Nature| |||||||Reserve. Two groups ofvolunteers
meet weekly,| |||||||one
group
carrying
out
practical
conservation| |||||||work, and the other, monitoring
wildlife species.| |||||||There is also a bird
ringing
group
which
meets| |||||||regularly.| |Other||||||| ## |||||||SORP reference|| |---|---|---|---|---|---|---|---| |Summary|of||the||main|Para L20|In
2020,
Kenfig
Nature
Corporation
was| |achievements||of|the|charity,|||established
as a limited company
to manage
the| |identifying|the|difference|||the||commercial
aspects
of the
Reserve
Centre| |charity's|work|has|made||to the||activities.
The Reserve
Centre
now acts as a| |circumstances|||of||its||community
hub, and is used by a wide variety of| |benegcia|ries|and|any||wider||local
organisations
for
classes
and
other| |benefits to society|||as a whole.||||activities,
including
Art
& Craft, Yoga,
Pilates,| ||||||||Mother
and
Toddler
classes,
Quilting,
and| ||||||||Wildlife classes.
It has also become a meeting| ||||||||place
for
local
and
national
organisations.| ||||||||Monthly
Farmer's
Markets
and
Craft
Markets| ||||||||have
been
established.
The Centre
has
also| ||||||||hasted
birthday
parties and weddings.| ||||||||Planning
Permission
has
been
granted
for a| ||||||||Cafra
in the Centre
building,
and
in the
interim| ||||||||until the conversion
work is carried out, there
is| ||||||||a popular
temporary
coffee stall located
in the| ||||||||Car Park.| ||||||||In order
to
pay
for the
improvements
to the| ||||||||Centre
and
other facilities
on the Reserve,
the| ||||||||Trust has found
it necessary
to introduce
Parking| ||||||||charges
in the Car park, which was formerly free.| ||||||||The
parking
is
managed
by
an
external| ||||||||company,
but
the
majority
of
the
income| ||||||||generated
goes direct to the Trust.| ||||||||The Company
now employs
a full-time
Warden,| ||||||||and a Centre Manager.| ||||||||Two
groups
of volunteers
meet
weekly,
one| ||||||||group
carrying
out practical
conservation
work,| ||||||||and the other, monitoring
wildlife species. There| ||||||||is
also
a
bird
ringing
group
which
meets| ||||||||regularly.
The Trust also has a long-established| ||||||||relationship
with the local fishing club.| ||||||||As part of NRW's
Management
Agreement,
a| ||||||||new fence has been constructed
across part of| ||||||||the Reserve,
in order to control grazing
by cattle| ||||||||and sheep which
is essential
for the control
of| ||||||||invasive
scrub.
Gates
and
stiles
have
been| ||||||||installed
on
every
footpath
or
bridleway,| ||||||||ensuring
continued
public access to the dunes| ||||||||and beach.| ||||||||As part ofthe Sands of Life Project, also funded| ||||||||by NRW, some areas of sand
dunes
near the| ||||||||coast have been cleared of vegetation
in order| ||||||||to encourage
the transport
of sand inland
by the| ||||||||wind,
and
to stimulate
the growth
of 'pioneer'| ||||||||species.| |ou may choos|e t|o include furt|her statement|s
where relevant
about:|s
where relevant
about:|s
where relevant
about:|| |---|---|---|---|---|---|---|---| |Achievements||against|Para 1.41|The prime focus for the Trust over the|||course of| |objectives set||||this period was to stabilise|the management
of||| |||||the
Nature
Reserve
and|Reserve|centre.
By|| |||||prudent
expenditure
and planning
the|||Trust was| |||||able to reopen the Centre to the public,|||increase| |||||its occupancy
for community|use and||develop a| |||||management
plan
in conjunction
with|||National| |||||Resources Wales.|||| |Performance|of|fundraising|Para 1.41||||| |activities against|objectives set||||||| |Investment||performance|Para 1.41||||| |against objectives|||||||| |Other|||||||| ## |Review of|Review of|the charity's|the charity's|the charity's|the charity's|financial|financial|1'ara|1 21|During
the|During
the|2022/23|2022/23||financial|financial|year,|year,|the|Charity|Charity| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |position|at|the end||ofthe period.||||||recorded
income
f118,940 resulting|||of
in||f130,373, expenditure
a surplus
off11,433.||||||of| |||||||||||The charity||had a|cash balance||||off97,115at||||the| |||||||||||period end.|||||||||||| |Statement||explaining||||the policy||Para|1 22|It
is
the||po icy|of||the|charity|||to|maintain|| |for holding||reserves|||stating||why|||unrestricted||funds,||which
are|||the|free||reserves|| |they are|held,|||||||||for the
charity,|||at|a
level||which|||equates||to| |||||||||||approximately|||six||months||||unrestricted||| |||||||||||expenditure.|||Unrestricted|||||funds||were|| |||||||||||maintained||at least||at this||level throughout|||||the| |||||||||||year.|||||||||||| |Amount|of|reserves|||held.|||Para|1.22|The charity||had unrestricted||||funds|||off97,115at||| |||||||||||the period|end.||||||||||| |Reasons||for|holding||||zero|Para|1.22|N/A|||||||||||| |reserves.|||||||||||||||||||||| |Details|of|fund||materially|||in|Para|1 24|N/A|||||||||||| |deficit.|||||||||||||||||||||| |Explanation||ofany||uncertainties||||Para|1 26|N/A|||||||||||| |about the||charity|continuing||||as||||||||||||||| |a going concern.|||||||||||||||||||||| ## ## |Structure|,
Governance|,
Governance|and Man|agement|||||| |---|---|---|---|---|---|---|---|---|---| |Description|of charity's
trusts:||||||||| |Type ofgoverning
document|||Para 1.25|Trust deed.|||||| |(trust deed,|royal charter)||||||||| |How is the|charity constituted?||Para 1.25|Constituted|under a trust deed.||||| |(e.g unincorporated|||||||||| |association,|CIO)||||||||| |Trustee|selection
methods||Para 1.25|Trustees are appointed||by the board||oftrustees|| |including|details
of|any||and serve for four years||after which||period|they| |constitutional
provisions||e.g.||may put themselves
forward for|||re-appointment||| |election to|post or name of|any||The trustees|meet on a|quarterly|basis.||| |person
or|body
entitled|to|||||||| |appoint one or more trustees.|||||||||| ## ## |Policies|and|procedures||Para 1.51|The charity
is constituted
under a Trust Deed.| |---|---|---|---|---|---| |adopted|for the induction||and||Trustees are appointed
by the board oftrustees| |training|oftrustees||||and serve for four years, after which period they| ||||||may put themselves
forward
for re-appointment.| ||||||The trustees
meet on a monthly
basis.| ||||||As
and
when
new
trustees
are
needed,| ||||||applications
are
invited,
through
local| ||||||publications
and media,
from interested
persons| ||||||who
have
skills
and
knowledge
which
will
be| ||||||useful to the Trust.| ||||||Elected
trustees
are
provided
with
an| ||||||Onboarding
Pack,
which
includes
the
Trust's| ||||||governing
document
and
the
Charity| ||||||Commissions'
'Essential
Trustee'
booklet.| |The charity's||organisational||Para 1.51|The charity
is constituted
under a Trust Deed. A| |structure|and any wider||||minimum
of
four
Trustees
are
needed
for| |network|with|which the charity|||quorate
decision
making.
The Trust appoints
a| |works|||||chairperson
who may put themselves
forward
for| ||||||re appointment
annually.
The Trust has worked| ||||||closely
with
National
Resources
Wales
when| ||||||undertaking
the
management
of the
nature| ||||||reserve
following
the
decision
of BCBC to| ||||||relinquish
the lease
in 2019.| |Relationship||with any related||Para 1.51|| |parties|||||| |Other|||||| ## |Charity|name|name||Kenfig Corporation|Kenfig Corporation|Trust| |---|---|---|---|---|---|---| |Other name||the charity uses||N/A||| |Registered||charity|number|214084||| |Charity's|principal||address|c/o Herbert|R Thomas|| |||||59 High Street||| |||||Cowbridge||| |||||CF71 7YL||| |Funds held as custodia|n
t| |---|---| |Description
ofthe assets held|N/A| |in this capacity|| |Name and objects ofthe charity|N/A| |on whose behalf the assets are|| |held and how this falls within|| |the custodian
charity's objects|| |Details of arrangements
for|N/A| |safe custody
and segregation|| |of such assets from the|| |charity's
own assets|| ## |am|es and addresses
of|es and addresses
of|advisers
(Optional
info|rmation)|| |---|---|---|---|---|---| |T|e ofadviser||Name||Address| |Independent||Examiner|Clay Shaw Thomas|Limited|2 Oldfield Road, Bocam Park,| ||||||Bridgend, CF35 5LJ| ## ## ## |O||CHARITY COMMISSION
FOR ENGLAND
AND WALES|CHARITY COMMISSION
FOR ENGLAND
AND WALES|CHARITY COMMISSION
FOR ENGLAND
AND WALES|CHARITY COMMISSION
FOR ENGLAND
AND WALES|CHARITY COMMISSION
FOR ENGLAND
AND WALES|CHARITY COMMISSION
FOR ENGLAND
AND WALES|CHARITY COMMISSION
FOR ENGLAND
AND WALES||Kenfig Corporation|Kenfig Corporation|Trust
Receipts and payments|Trust
Receipts and payments|Trust
Receipts and payments|accounts|accounts|214084||CcfSa|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||For the period from|||20/02/2022||To||19(02/2023|||| |||||||||||Unrestricted|funds|Restricted funds||Endowment
funds|||Total funds||Last year|| |||||||||||to the nearest f||to|the nearesl f|to|the nearest f||to the nearest f||to the nearest f|| |At Recel||ts||||||||||||||||||| |Rents Receivable|||||||||||123710||||||123|710|97|375| |Wa
eaves|||||||||||650|||||||650|1|739| |Exceptional||Income -|dilapidation|||||||||||||||||| |a reement||monies from||BCBC||||||||||||||||| |Charitable||Investment|Dividends||||||||2 022||||3|184|5|206|5|073| |Charitable||De osit Interest|||||||||807|||||||807||| ||u
fo a
ross||||ncome|||cr|||127189||||3|184|130|373|104|198| |A2 Asset|and investment||||sales,|||(see||||||||||||| |table .||||||||||||||||||||| ||||||||u||0 a|||||||||||| ||||||Totalrece)Pts||||||127189,||||3184||130,373||104198|| |A3 Pa ments||||||||||||||||||||| |Clerk's Fees|||||||||||8,535||||||8|535|5,336|| |Kenfi
Nature Cor oration|||||Limited||||||52658||||||52|658|1,353|| |Le
al and||Protessional||Fees|||||||19029||||||19,029||22,162|| |Tele hone|||||||||||150|||||||150||150| |Accountanc|||||||||||990|||||||990||| |Gazette Notices and Advertisements|||||||||||575|||||||575||798| |Donations|||||||||||5500||||||6,500||6,700|| |Subscrl
tlons||||||||||||||||||||45| |Insurance|||||||||||17249||||||17,249|||| |Website Costs|||||||||||120|||||||120||| |Sund
E||enses|||||||||317|||||||317||461| |Fernlea
- Foundation|||Ground|||Works|||||13772||||||13772|||| |Grants
a||able|||||||||||||||||147|420| |Pnnce ofWales
Inn -|||Renovation|||||Works||||||||||||| ||||||||||||||||||||12|304| |Utilities|||||||||||||||||||1|078| ||||||||Sub tofsl|||118,940|||||||118,940||197|807| |A4 Asset|and investment||||purchases|||||||||||||||| |see table||||||||||||||||||||| ||||||||Sub total|||||||||||||| |||||Total||payments||||118940|||-|||-|118940||197|807| |||Nef ofreceipts((psymenfs)|||||||||8,249||||3,184||1,433|||| |A5 Transfers
between||||funds|||||||3 184||||3,184)|||||| |A6 Cash funds last year|||||end||||||85 682||||||85,682||179,291|| |||Cash funds|||this||year||end||97115||||||97,115||85|682| ||||||||||||||Unrestricted||Restricted|funds|funds|Endowment|Endowment| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||Categories|||Details||||||||funds|||||funds|| ||||||||||||||to nearest|2|to nearest||2|to nearest|2| |B1Cashfunds|||||Trust Current||Account||||||41,332||||||| ||||||COIF Charity||Deposit Fund||||||55,777||||||| ||||||Petty Cash||||||||||||||| |||||||||||Total||cash funds|97,115||||||| |||||||(sgree balances
with
payments||||||receipts and
account(s))||OK|||OK||OK| ||||||||||||||Unrestricted||Restricted|||Endowment|| ||||||||||||||funds||funds|||funds|| ||||||Details||||||||to nearest|2|to nearest||2|to nearest|f| |B2Other monetary|||assets||Other debtors||—Kenfig Nature|||||Corporation|50,592||||||| ||||||Limited||||||||||||||| ||||||Details||||||||Fund to which
asset balan s||Cost (optional)|||Current
value
o tlonal|| |B3Investment||assets|||COIF Charities|||Investment|||Funds||Unrestricted|||||70,000|| ||||||COIF Charities|||Investment|||Funds||Endowment|||||110,212|| ||||||Details||||||||Fund to which
asset baton
s||Cost (optional)|||Current
value
o tlonal|| |B4Assets retained|||for the charity's||Office Equipment||||||||Unrestricted||||5,936||275| |own use|||||||||||||||||||| ||||||Gifted|Land|5 Bulldlngsr||||||||||||| ||||||Kenfig|Nature||Reserve|||||Unrestricted||||||| ||||||Pyle &|Kenflg||Golf Club|||||Unrestricted||||||| ||||||Prince|ofWales|||Pubfic House||||Unrestricted||||||| ||||||Various|Other||Tracts of||Land||in Kenfig|Unrestricted||||||| ||||||||||||||Fund to which||Amount|due||When due|| ||||||Details||||||||liablgt
relates||o tlonal|||o tional|| |B5 Liabilities|||||Other creditors||||||||Unrestricted||||||| |Signed
by one or two
of all the Vustees|||trustees|on behalf|||||Signature|||||Print|Name|||Date o approval|| ||||||||||||||BRIAN||DAVIES||||| ## ## ## ##