2025-02-19-accounts

Trustees’ Annual Report for the period

From 20/02/2024 (Period start date) to 19/02/2025 (Period end date)

Charity name: KENFIG CORPORATION TRUST

Charity registration number: 214084

Objectives and Activities

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SORP reference
Summary of the 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 of the main activities Para 1.17 and Income is generated from the rental of properties
in relation to those purposes for 1.19 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 NRW whereby they provide funding and
specify the works necessary to maintain the
Reserve’s wildlife and Conservation features.
The necessary works are carried out by Trust
staff, volunteers, and contractors where
necessary.
The Trust retains overall control of the land, and
of the 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
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Additional information (optional)

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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, and on Social
Media usually on a twice-yearly basis. Applicants
must disclose the purpose of their claim, details
of other 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.
In the current year, a total of £6,031.96 was
provided in grants, to two local schools, a
Luncheon Club, a local charity providing support
for cancer sufferers, and a local Horticultural
show.
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 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. Volunteer groups of students from
Bridgend College Conservation Management
courses have undertaken several days of work
on the Reserve.
Other
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Achievements and Performance

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SORP reference
Summary of the main Para 1.20 During the current year, the Trust has continued
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Achievements and Performance	Achievements and Performance	Achievements and Performance
SORP reference
Summary of the main	Para 1.20	During the current year, the Trust has continued
achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.		to manage and improve the Nature Reserve. Grazing with sheep and cattle has continued on the northern part of the Reserve, managed by a local farmer in accordance with the requirements of the NRW management Plan. Unfortunately it has not been possible to fully graze the southern part of the Reserve, due to vandalism of the new fence which was erected to enable grazing of a larger area. The cutting of and removal of vegetation in the ‘dune slacks’ is a requirement of the NRW Management Plan. This was delayed by exceptionally wet winter weather, but much clearance was carried out by hand, by the Warden, trustees and volunteers, and by a contractor with specialist machinery. In December, the Reserve took delivery of a ‘cut and collect’ machine, which will greatly enhance the vegetation clearance progress in the future. Contractors removed excessive growth of invasive water plants in Kenfig Pool, in accordance with the NRW Management Plan There was a decline in the numbers of the Fen Orchid, a rare plant for which the Reserve is noted. This is thought to be a result of prolonged flooding over the winter months. A small but dedicated group of volunteers carries out regular counts of moth and butterfly species during the summer months, and there is an active bird ringing group which monitors numbers of resident and migratory birds throughout the year. The bird hide was unfortunately vandalised on two occasions during the year, but it has been repaired and there are plans to replace it. Other activities on the Reserve included the clearance of footpaths and bridleways, many of which had become overgrown or had uneven surfaces. An excavator and driver was contracted to carry out this work. Clearance of scrub and bracken around the Visitor Centre was carried out. The Visitor Centre continues to be well used by a variety of local groups, including book clubs, local wildlife groups, Yoga, parent and toddler groups, Wellness groups, quilt making and other craft activities. The Centre hosted Dog Shows, National Sand Dune Day, National Fungus Day and Photography and Art exhibitions. As well as providing a much needed community Hub, these activities bring in revenue for the Trust. In July, Welsh wildlife presenter Iolo Williams spent a day on the Reserve filming for a Welsh language TV wildlife series.

Despite continuing problems with the car parking machines, the car park was well used, with over 87,000 car visits over the year. This resulted in income to the Trust of over £52,000 for the year. The ‘Friends of Kenfig’ annual parking passes brought in a further £15,000. All of this goes towards managing the Reserve. The HydeOut, a popular coffee and snack outlet attached to the building, is a valuable asset, increasing the use of the car park and the Reserve. The Centre hosts a popular monthly Artisan and Farmer’s Market, bringing in further revenue. Some necessary repairs were carried out to the Prince of Wales public house, which belongs to the Trust and is run by a tenant The Trust continues to have regular meetings with their tenant the Pyle and Kenfig Golf Club, with issues such as illegal parking on the Common, and irrigation of the course being raised. The area of land known as Fernlea, close to the Prince of Wales, which formerly had chalets, had become overgrown and inaccessible and this was cleared by the excavator contractor.

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Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

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Review of the charity’s financial Para 1.21 During the 2024/25 financial year, the Charity
position at the end of the period. recorded income of £119,358, expenditure of
£34,954 resulting in a surplus of £84,404.
The charity had a cash balance of £147,848 at
the period end.
Statement explaining the policy Para 1.22 It is the policy 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 of £147,848
at 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 of any uncertainties Para 1.23 N/A
about the charity continuing as
a going concern.
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Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47	The Charity’s principal sources of funds are rental from property, investment income, grants, car parking and room hire at the Centre.
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Trust deed.
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Constituted under a trust deed.
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees.	Para 1.25	Trustees are appointed by the board of trustees and serve for four years after which period they may put themselves forward for re-appointment.

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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 of trustees
training of trustees 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
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Reference and Administrative details

Charity name	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

Names of the charity trustees who manage the charity

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Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee (if
whole year
any)
1 Brian Davies
2 Chris Martin
3 Theresa Stapleton
4 Gregory David Nuttgens
5 David James Marks
6 Martyn Thomas
7 Martin Davies
8 Joanne Thomas
9 Kenneth Bonham
Kireene David Appointed 03/10/2024,
10
Resigned 16/01/2025
11
12
13
14
15
16
17
18
19
20
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Corporate trustees – names of the directors at the date the report was approved:

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Director name
N/A
Name of trustees holding title to property belonging to the charity:
Trustee name Dates acted if not for whole
year
N/A
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Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity	N/A
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects	N/A
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets	N/A

Additional information (optional)

Names and addresses of advisers (Optional information)

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Type of adviser Name Address
Independent Examiner Clay Shaw Thomas Limited 2 Oldfield Road, Bocam Park,
Bridgend, CF35 5LJ
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Name of chief executive or names of senior staff members (Optional information)

Theresa Stapleton – Chair (Resigned January 2025) Brian Davies – Chair (Appointed January 2025)

Exemptions from disclosure

Reason for non-disclosure of key personnel details:

N/A

Other optional information

N/A

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) BRIAN DAVIES Position (eg Secretary, TRUSTEE Chair, etc) Date

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Kenfig Corporation Trust 214084
Receipts and payments accounts CC16a
For the period from 20/02/2024 To 19/02/2025
Section A Receipts and payments
Endowment
Unrestricted funds Restricted funds Total funds Last year
funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Rents Receivable 108,038 - - 108,038 110,350
Wayleaves 63 - - 63 631
Charitable Investment Dividends 2,058 - 3,241 5,299 5,226
Charitable Deposit Interest 3,345 - - 3,345 2,783
Sub total (Gross income for AR) 113,504 - 3,241 116,745 118,990
A2 Asset and investment sales, (see
table).
- - - - -
- - - - -
Sub total - - - - -
Total receipts 113,504 - 3,241 116,745 118,990
A3 Payments
Clerk's Fees 5,042 - - 5,042 3,849
Kenfig Nature Corporation Limited 48,052 - - 48,052 42,235
Legal and Professional Fees 3,914 3,914 36,445
Telephone 183 - - 183 168
Accountancy - - - - 3,690
Gazette Notices and Advertisements - - - - -
Donations 6,032 - - 6,032 310
Subscriptions 99 99 45
Insurance 1,881 1,881 25,584
Website Costs 438 438 756
Sundry Expenses 34 34 41
Repairs & Maintenance 6,204 6,204
Sub total 71,879 - - 71,879 113,123
A4 Asset and investment purchases,
(see table)
- - - -
- - - - -
Sub total - - - - -
Total payments 71,879 - - 71,879 113,123
Net of receipts/(payments) 41,625 - 3,241 44,866 5,867
A5 Transfers between funds 3,241 - (3,241) - -
A6 Cash funds last year end 102,982 - - 102,982 97,115
Cash funds this year end 147,848 - - 147,848 102,982
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Section B Statement of assets and liabilities at the end of the period

Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds	Details COIF Charities Investment Funds COIF Charities Investment Funds Details Details Office Equipment Gifted Land & Buildings: Kenfig Nature Reserve Pyle & Kenfig Golf Club Prince of Wales Public House Details Total cash funds (agree balances with receipts and payments account(s)) Other debtors - Kenfig Nature Corporation Limited Details Trust Current Account COIF Charity Deposit Fund Petty Cash Other creditors Various Other Tracts of Land in Kenfig Signature	Unrestricted funds Restricted funds to nearest £ to nearest £ 75,410 - 72,431 - 7 - 147,848 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ 128,592 - - - - - - - - - - - Fund to which asset belongs Cost (optional) Unrestricted - Endowment - - - - Fund to which asset belongs Cost (optional) Unrestricted 5,936 - - Unrestricted - Unrestricted - Unrestricted - Unrestricted - Fund to which liability relates Amount due (optional) Unrestricted - - - - - Print Name BRIAN DAVIES	Endowment funds to nearest £ - - -
			-
			OK
			Endowment funds to nearest £ - - - - - - Current value (optional) 76,540 120,509 - - - Current value (optional) 125 - - - - - - When due (optional) Date of approval

(HARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts 8•ctlon A Inde￿ndant Examlnerfs Report Report to the trusleesl members of KENFIG CORPORATION TRUST On accounts for tlie year ended 19 FEBRUARY 2025 Charity no (if any) 214084 Set out on pages I report to the trustees on my examination of the accounts of the above charity (' the Trust") for the year ended 1910212024. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation of basis of report the accounts In accordance with the requirements of the Charities Act 2011 ("the Act.). I report In respect of my examination of the Trust's accounts carned out under section 145 of the 2011 Act 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 examination. I confirm that no material matters have come to my attention (other than that disclosed below ") In connection with the examination which gives me cause to believe thal In, any material respect.. accounting records were not kept In accordan￿ with section 130 of the Act or the accounts do not accord wilh the accounting records Independent examiner's statement I have no concerns and have come across no other matters In connection wilh the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delele the words In the brackets If they do not apply. Slgned: Date: Iiliilis Name: Pjr Gwyn Williams Relevant professional qualification(s) or body (if any): FCA Address: For and on behalf of Clay Shaw Thomas Limited Accountants 2 Oldfield Road Bocam Park Bridgend CF35 5LJ

Sectlon B Dlsclosur• Only complete If Ihe examiner needs lo highlight matters of concem (see CC32, Independent examinatson of charily accounts directions and guidance for examiners). Give here brief detalls of aiiy Items that tlie examiner wlshes to dlsclosa. NIA