CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 2010212023 (Perlod start date) 1910212024 (Period end date) Charity name: KENFIG CORPORATION TRUST Charity registration number: 214084 Objectives and Activities SORP refeience Para 1.17 Summary ol the purposos of Ihe charity as sel out in 118 governing document The staled puipose ol the Charity is for the general benelil of the inhabilanls of the Kenftg area in such charitablè ways as the Tfuslees Ihink fil. Summary ol the main activities in relation lo tho$8 purposes for the public benefit, in particulai, Ihe aclivilies. projects or services identified the aecounls. Para 1.17 and 1.19 Income is generated from the rental ol properlies held. from grazing ¥enlals, extornal grants, and ar paiking chafge8. As freeholdef of the Prince of Wales Pltblic House, the Trust c3rri@s out ils duties ol mainlenance and repalr as required. A portion of Pyle and Kenfig Golf Club is on land leased from the Trust. The larger part of the Tmsl's land is the 1400 acres of Kenfi9 Burrows, which is a National Nature Reserve and a Sile of Special Scienlific Interest. This was formerly leased lo Bridgend County Borough Council, bul has reverted lo the TNsl's control. In ord8r lo b8 able lo carry out the slalulory requiiemenls involved in managing a Nature Reserve ol Irilernalional importance, the Trust has signed a Managemenl Agreemènt with Natural Resouices Wa18s INRW), who will manage the land lor ils wildlife and conservation features. The Trust retains overall control of the lanil, and of the Reserve Centre building. Slalemenl confirming whether the Ifuslees have had regard lo the guidance issued by the Charity Commission on public b8n8fi1 Pgrg 1.18 In planning and eafrying out th& ch8rily's objectives during the year, we kept in mind the Charity Commission guidance on public benefit al our trustee meetings. Addltlonal Informatlon loptlonall You may choose to include further statemenls where relevant aboul.. SORP relerence Para 1.38 Policy on grant making The charity invites applications for funding from local organisalions includin9 schools, churches, youth. sporting and other worthy bodies Ihrough adverlising in the local press, and on Social Media usually on a twice-yearly basis. Applicants mu51 disclose the purpose ol Iheir claim. details of other sources of lunding, if any. and provide a lull estimate of the proposed work or reason lor the fijnding applied for. Applicants musl be based within the Trust's Area of Benefil and no applications can be considered from individuals. During Ihe current year, no applications lor grant funding were received. Policy on social Investment including program related investment Parn 1.38 Contribution volunteers ade by Para 1.3B In addition to Truste68, who are all volunteers, Ihè Trust is grateful to the contribution made by volunteers within the Kenlig National Nature Reserve. Two 9roups olvolunl88rs me8lweekly, one group carrying out practical conservation work, and the other, monitoring wildlife species. There is also a bird ringing group which meets regularfy. Other Achievements and Performance SORP reference Summary the maln achievemenls of the charity, idenlifying the difference the charily'y work has m8de lo the ircumslances of 118 beneficiaries and any wider benofils lo society as a whole. P8r8 1.20 During the current year, the Trusl conlinue¢J lo manage and improve the Nature Reserve. through grazing by s local farmer, and by the culling and iemoval of vegelalion, which allowed the rare species (for which the Reserve is designaledl lo flouiish. A new leaflet describin9 the features of (he Reserye was produced and piinted. A number of walks and events promoling the wildlife of the Reserve took place. The Reserve Centr8 was increasirlgly used as a Community Hub. with a va¥iely of classes and meetings taking place, bringing in further funding to help mainlain the building. A local Portrait Photography business was established in a room in the Cenlre. Solar panels were filled lo Ihe Yoof of the Cenlie, greatly reducing the &leclricily bill for the TfUSI, and also Our carf)on foolprinl. Repairs lo part of the Prince of Wales public house were undertak8n as part oflhe Tru81's role as freeholder. and minor changes lo olhei Trust properties including Pyle and K8nfig Goll Covise, were agreed. Addltlonal Informatlon loptlonal) You may choose to include further statements where relevant about.. Achievements against objeclive8 sel Para 1.41 The T¥usl continued lo manage the Nature Reserve effeclwely, resu51ing in record numbers ol the rare Fen Orchid. for which the Reserve is famous, being recorded. The use of tho Centre by local groups was greally increased. Performance of fundraising adiviligs against objectives set Par& 1.41 Inveslmenl against objedives performance Para 1.41 Other Financial Review Review of the charily's financial position al the end of the peiioLI. P8r8 1.21 During the 2023124 financial year, the Charity recorded income of £118,990, expenditure of £113,123 resulling in 3 surplus of £5,867. The charity had a cash balance of £102.982 al the peiiod end. Slalemenl explaining the policy for holding reserves slating why they afe held. Para 1.22 11 is the policy of the eharily lo maintain unreslricled funds, which are the free reserves for Ihe charity, al a level which equales lo approximately six months vnreslricled expenditure. Unreslricled funds were maintained at least at this 18vel throughout the year. Amounl of reserves held. P&r8 1.22 The charity had unrestricted funds of £102.982 al Ihe period end. Reasons foi holding zero reserves, Para 1.22 NIA Details of fund matèrially in deficit. Para 1.24 NIA Explanation of any uncertainties abovl the charily continuing as a going concern. Para 1,23 NIA Addltlonal Informatlon loptlonall You may choose lo include further slatements where relevant aboul.. The charity's principal sources of funds (including any fundraising Para 1_47 The Charity's principal sources of funds are rental from property, inveslmenl income, grants, car parking and room hire al the Cenlre. Inveslmenl policy and objeclives including any social investment policy adopl6d ParB 1.46 A dÈscriplion ol Ihe principal risks facing the charity Para 1.4fj Other structure, Governance and Management Description of chartly's trusts.. Type ol governing dD¢umenl Ilrusl deed, royal charter) Para 1.25 T¥usl deed. How is th& chartly consliluled? (e.g unincorporated association. Clo} Para 1.2S Consliluled under a Irusl deed. Trustee seleclion methods including details of any conslilulional provisions e.g. election lo post or name trf any person or body enlilled lo appoint one or more Iruslees. Para 1.25 Trustees are appointed by the board of Iruslees and seNe for four years after which period they may pul themselves foTward for re-appoilllmenl. Additlonal information {optlonal) You may choose to include further statements where relevant about.. Policies and procedures adopted for the induction and training of Iruslees Par8 1.51 The charity is con8111uled under a Trust Deed. Trustees are appointed by the board ol liuslees ancl serve for four years, after which period they may pul themselves I0￿8[d for re-appoinlmenl. The Iruslees meet on 8 monthly b8S1S. As and when new trustees are needed, applications are invited, through local publications 8nd media, from interested persons who have skills anLf knowledge which will be useful lo Ihe Tiusl. Elected Iruslees are provided with an Onboarding Pack, which includes the Trust's governing documenl and the Charity Commissions Essenlial Trustee. booklet. The charity's organisalional structure and any wider network with which the charily works P8r8 1.51 The chaFlty is consliluled untjer a Trust Deed. A minimum of four Tnjslees are needed for quorale decision making. The Trust appoinls a chairperson who may pul Ihemselv8s fofward for re appointment annually. The Trusl has worked closely with National Resources Wales when undertaking the management ol the nature reserve following Ihe decision of BCBC to relillquish the lease in 2019. Relationship wilh any related parties P8ra 1.51 Other Reference and Administrative details Chalily name Kenfig Corporation Trust Other name the charity uses NIA Registered charity number 214084 Chafity's principal addresg clo Herbert R Thom8S 59 High Street Cowbriége CF717YL Names of the charlty trustee5 who manage the charity Trustee name Office lif any) Dates acted if not for wholè year Name of person lor body} entitled lo appoint trustèe Ilf an Brian Daviss Rabert Douglas Walker Daniel Lock Resigned 0710912023 Resigned 2911112023 Resigned 2311112023 Peter Anthony John Chris Martin Theresa Stapleton Gregory David Nullgens David James Marks Appointed 2210612023 Appointed 1310712023 Appointed 2210612023 Appoinlecl 0911112023 Appointed 0911112023 Appointed 0911112023 Kenneth Bonham 10 11 Martyn Thomas Martin Davies 12 Joanne Thomas 13 14 15 16 17 18 19 20 Corporate trustees - names of the directors al the date the report was approved.. Dlrector nam& NIA Name of trustees holding tille to property belonging to the charily.. Trustee name Dates acted if not for wholg ear NIA Funds held as custodian trustees on behalf of others Description of the assels held in this capacity NIA Name and objects of the charily on whose behalf the ass&ls 8re held and how this falls within Ihe custodian eharily's objects NIA Details of afrangemenls for safe custody and segregalion of such assets ffom the charily's own assets NIA Additional Informatlon loptlonal} Names and addresses of advlsers (Optlonal Informatlon) e of advlsor Name Independent Examiner Clay Shaw Thomas Limited Address 2 Oldfield Road. Bocam Park, Bridgend. CF35 5LJ Name of ¢hlef executlve or names of senior stsff members (Optlonal information) Theresa Slaplelon Chair Exemptions from disclosure Reason for non-disclosure of key personnel details.. NIA Other optional informatlon NIA Declarations The trustees declare that they have approv8d the trustees, report above. Signed on behalf of th& charlty's trustees Slgnaturelsl Full namelsl Posltlon leg Secretary> Chair, etcl BRIAN DAVIES TRUSTEE Date Iz 2f CHARITY COMMISSION FOR ENGLAND ANO WAIES Kenflu Corporallon Trust 214084 Re¢elpl$ ontf paymeni$ oe¢ount$ CC16a Forlhe perlod from 2O10212D23 To t910212024 Se¢lion A Receipt5 3nd paynienls Unre$lrl¢led funds Restilctéd funds Endowmènt funds Tolal lunds Last yeor lo th8 nearest £ lo the n8ar88t £ IO Ih? nearèsl £ io tho ntsawsi £ to Ihe ne8r881 £ A1 R&tel 18 Rents Hecewable Wa leaves Charilable Invesimeni Divldend$ Chatilablp De osit Interest 110 250 631 110350 6?1 123 YIO fj50 807 ross ncom8 115794 118990 130 373 A2 Assel and Inveslmenl sal8s,1888 table Tolalr8celpls 115.7 3,196 118,990 130.373 A3Pa menls Clèrk's FÈ¢s Kenli Nature Cor orallon Llmll8d Le al and Prof8ssional Fees Tele hone Accountanc Gazelle Nolices anLI Advertisements Donaiions Subseri IK)ns Insurance Website Cosis Sund Ex Fernlea- FOunda￿an Ground WDrks 3.849 42,235 36,445 168 8,535 36,445 16B 3.690 150 990 575 5,500 aio 45 25,5B4 756 41 310 45 25,5B4 756 41 17,249 120 317 Sub to181 113123 113,123 118 940 A4 Assel 8nd Inveslment pur¢has¢$, see loble Sub tot81 113.123 118940 N81 olrecefpts/(paymenls) A5 Transfers bÈtwe&n lunds A8 Cash funds last year end $h fund$ Ihl$ye8rend 2,671 3.196 97.115 102 982 5,867 97,115 102.982 85,662 Sectlon 8 8laiÈmenl ol assels and Ilabllllles at Ihe end of Ihe pe¥lod Unre51ricled funds to near881 £ Endowment ftsnds to nearest E Caiegorles Detalls to negrest t 81 Cash lunds Trust Cyrrenl Account 39,188 COIF Charily Deposit Fund 63,787 Peiiy Cash Tol8le8$h ffund$ lagr88 balances wlh receipts and paYM8n￿ at&ounii511 102,982 OK OK OK Unie$irlcied lunds Heslrlct8d funds Endowment lunds Dei811$ Olher debtors- Kenfig Nalui8 Corporation Limited lo nearest £ 91.592 tts nearest E lo nearesl £ B2 Olher monètory 0$sot$ Fund to whlch asset belon Unreslficled Cost loptlonall Curient v•lu Dèlalls COIF Charili8s Inv8slmeni Funds B3 Inveslmènt a$sots 75,525 COIF Charilies Inv8slmÈnt Funds Endowrn8nt Fund lo whlch assÈi belon Unr8slrlcl8d Cost lopllonall 5,936 Currenl value Oetalls 011￿8 Equipment B4 Assets retalned lor th8 oharlly'$ own use 200 Gllted L8nd& BulldlAg$.' K8nlig Nalure Fleserve Pyle & Kenlig Goll Club Pfince ol Wales Public House unre51r￿ted Unr651ricled Unieslricled Various Other Tracts ef Land Sn Kenlig Unreslricled Fund lo whlch relate5 Unresiri¢ied Amouni When due tlon81 D8t8lls Other creditors z<•a Sign8d by on8 or Mo Iwstees on behalf ol all the trustees Ignalure Pfinl Name Dale of approval BRIAN DAVIES CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustee31 members of KENFIG CORPORATION TRUST On accounts for the year ended 19 FEBRUARY 2024 Charity no (if any) 214084 Set out on pages I report lo the trustees on my examination of Ihe accounls of the above charity ('Ihe TrusV'> for the year ended 1910212024. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation of basis of report Ihe aGcounts in accordance with the requirements of the Charities Act 2011 {"the Act"). I report in respect of my examinalion of the Trust's accounts cariied out under section 145 of the 2011 Acl and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examinallon. I confiim that no materi81 matters have come to my allenlion (other than that disclosed below ') in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statemont I have no concerns and have come across no other matters in connection with the ex2min2tion lo which attention should be drawn in order to enable a proper understanding of the accounts lo be reached. Please delete th8 words in the brackels if they do nol apply. Slgned: Date: Name: Mr James Tucker Relevant profegsional quallflcatlonlsl or body {if any): FCCA, ACA Address: For and on bohalf of Clay Shaw Thomas Limited Ac¢ountants 2 Oldfield Road Bocam Park 8iidgend CF35 5LJ Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts.. directions and gL¢idance for examinersl- Glve here brief details of any items that the examlner wlshes to dlsclose. NIA