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2020-09-30-accounts

Peredur Trust

(A company limited by guarantee)

Charity No. 279503

Company No. 01473711

Trustees' Report and Audited Accounts

30 September 2020

Andrew Fisher BA FCA The Alanbrookes Group Ltd 24 Glove Factory Studios 1 Brook Lane, Holt Wiltshire BA14 6RL

Peredur Trust Contents

Pages
Trustees' Annual Report 2 to 5
Auditor's Report 6 to 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11 to 21

Page 1

Peredur Trust Trustees Annual Report

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 01473711

Charity No. 279503

Registered Office

Trebullom Altarnun Nr Launceston Cornwall PL15 7RF

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

Carol Page Dawn Wainwright Lorna Vanier Philip Kennen Chair

Key Management Personnel

Chief Executive Officer

Terri Wilkins

Auditor

Andrew Fisher BA FCA

The Alanbrookes Group Ltd 24 Glove Factory Studios 1 Brook Lane, Holt Wiltshire BA14 6RL

Bankers

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

Barclays Bank PLC The Parade Liskeard Cornwall PL14 6AR

Solicitors

WBW Solicitors Westgate Launceston Cornwall PL15 9AD

Page 2

Peredur Trust Trustees Annual Report

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the audited financial statements of the charity for the year ended 30 September 2020.

OBJECTIVES AND ACTIVITIES

Charitable objects:

Peredur Trust continues to pursue its prime objectives in supporting, directly and indirectly, the promotion of independence for vulnerable individuals/groups, in particular those on the Autistic Spectrum, and to enable those individuals to develop to their potential and make life choices. Activities were provided to the people we support, and to the wider community.

The service provided which is registered with Cornwall Council, includes a supported housing facility.

Public benefit:

The Trustees are satisfied that the Charity meets the public benefit through their objectives in consideration of the following:

• The Charity provides opportunities for personal and professional development, in a person centred way, which is not restricted (other than where it may impact on the safety and/or wellbeing of the service users or staff, or the local community).

The Trust complies with the duty in section 17(5) of the Charities Act 2011 to have due regard to guidance published by the Charity Commission on public benefit statements.

ACHIEVEMENTS AND PERFORMANCE

Due to the COVID-19 Pandemic Peredur Trust was unable to offer an AGM this year, a video conference was scheduled in its place to approve the accounts, resignations and elections were postponed by agreement until 2021.

During 2020 Basill Manor attracted fresh interest which resulted in two interested parties and the need for best and final offer. An offer from a buyer representing a group of investors was accepted, despite plans seemingly going ahead as time passed it was evident that the key person was not proceeding and became elusive. The Trust made the decision to offer the property back to the other party. The initial offer was declined, a subsequent offer nearer the asking price was accepted and we are currently waiting to exchange.

Trebullom Farm Service; In order to secure funding, improve standards and develop services for the people we support we were required to work towards registering with CQC (Care Quality Commission). A Registered Manager was engaged at the end of 2018-19, a CQC consultation took place and identified the need to separate the support service from the Trust as a landlord. CQC advised that registration was not yet required. A feasibility study has begun to investigate the potential for developing housing that promotes independent living, whether on our own land at South Petherwin or with the purchase of a suitable plot. The number of residents remains at 7. Support team has increased to 6. Total employees 8.

Page 3

Peredur Trust Trustees Annual Report

There was some loss of stock (craft/weaving/textiles) due to a Moth infestation.

Tregillis Farm has negotiated a grazing agreement with a neighbouring farmer which will benefit the land and be a welcome income, enabling us to continue to return the farm to good condition to utilise for its activities.

The change of the structure to the support model has incurred more costs, though the improved commissioning rate received from Cornwall Council has helped cover the extra costs.

FINANCIAL REVIEW

The income for the year was £304,840 (2019 - £274,850) with expenditure of £ 268,258 (2019 - £244,512) leaving a surplus of £36,582(2019 - £30,338).

Reserves:

The Trustees have a policy that identifies the need for unrestricted funds not committed or invested in fixed assets held by the charity should be at a minimum of 6 months of resources expended, the Trustees believe that the Trust would then be able to continue should funding arrangements be changed or withdrawn.

Investment powers, policy and performance:

The Trustees and Management consider the policy for investment of funds is that which promotes the development of the Charities objectives and activities. Funds may be invested or deposited in low risk bank deposits for practicality.

Governance and internal control:

Management works with the Board and stakeholders to identify and assess where the Charity may be exposed to major risks, and aim to establish systems to mitigate identified risks, with regular reviews.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Incorporation:

The Peredur Trust was incorporated on 17th of January 1980 and registered with the Charity Commission on the 30th of June 1980.

Organisational structure:

The members of the Board of Trustees are shown on page 1. The Trustees meet five to six times a year and maintain regular contact with management.

Trustees/Members are appointed by the board; proposals can be accepted from the board or management, or from associates.

Statement of trustees' responsibilities in relation to the financial statements

The Trustees are responsible for preparing the Trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the trustees to prepare financial statements for which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, for the charitable company for that period. In preparing these financial statements, the trustees are required to:

Page 4

Peredur 'l'nL TnL4tei ..Innu¥l Report 4L.ILtI %iiil.'Ihlc 4lL¢ouniing (Kbliii¢% aThJ thL'n iwI!' Iheiii LI)￿￿1¥[¢￿11y- h.Kn'L the InLbihiKLN JnJ prinLiplv% in C"hantsiS S()RI muk¢ judgcnicnts arnl ¢%lillUIL'N ￿11 are re&MKuhl¢ aTxI prud¢nl- lalL VhLihLr ￿IpPIlL￿hlC 11 K JLL()uniino NiandJrLLN hab'L li)Ili)wthL uhJLiI li) dI))' iiiJlLridl Jepdnurts di￿10￿xI cxplai￿1 in the liiiajiiial ¥lalLII)LIII.%' prLpare ihc fin￿1￿] slal¢1T￿￿I% on thc going. conccrn b&%is unlLS% il i inappri)tffiale in rttr%unK' Ih411 IIK. ¢hJrity will coniinuc in bu.sincs Thi TrUlL￿"s JfL fLswn%ihlL' f4)r k'¢xTrin?I prop¢r ￿￿UntIng rccords di%LI0￿. w'ith rL"&si>iiJhlL IiicufJLy ai limL ihL fiiMfjLiiil ￿)￿illl}n i)l- IhL" Lharil). .'ITKI li) cnablc IhLni l() Lll.%ufL I￿￿11 ilk. I iii-1nL'iil %lJlcmL ni% Lvn)pl)' ￿'1th thL' { ()mP￿MIL.% ALI Ilxh. Th¢ Tni%lc¢N urc alNc) rL%p)n%ihlL l()r 'IfL&iJ;Irding IhL" of ihc chaniy. a￿1 hLnL¢ iaktng reJK)n'iblc ¥lcps for thi Pli-N'LllllI)n dnd (l¢'l¢ilii?n (bf (rdud and (rthcr i￿¢gulan1lL￿. tatemenl of di￿11￿%￿ri. Ibf infi)rni¥li()n lil iidilor .Sci l-ar aN Ihi Lrii.slLLS arL" all.￿L. IIK'rL 1.% iii) rL'IL%dni audi( infornmtson ol. wliiLh I1￿ Lqilii￿n). ULlili)r% unaw'arL ￿nd ￿.￿h iru%lL¢ h&N 141kLn all %tq)s Ihai hc or shc ou)hi li) l)dl'L Idk¢ii (rii%leL in -)rJ¢r Ii) niuk"L hiiiL*LII' or hLr%elf i)f any T¢lcvant in(ornwion and io Lslahli%h Ihal ih¢' Ll)riip:In!' N :iudilors arc awarc of infornuiic)n. TIIL iihL)N'L fLP()rt h.i% kcn prcparcd in aLXOAlanLL wilh diL PnTrVi%II)n￿ appliiablc tv L()JIIPthIL uI)jLII l(Tr IhL %iii.'Ill i1)nipani￿4 rcginii &% Ki oui in Part l.$ 4)r t￿ C(Impanic% Act . a(Ll)fLlaiiLL ￿ lili IliL (-IiJriii¢% SORP IE--RS Iv? -haWol' thi Lnn¢n I'rn%lLL 14 April )()?1 Pw5

Peredur Trust Audit Report Unqualified

Independent Auditor's Report to the Members of Peredur Trust

Opinion

We have audited the accounts of Peredur Trust (the 'charitable company') for the year ended 30 September 2020 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the Notes to the Accounts, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the accounts:

and of its profit/loss for the year then ended;

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out below, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

appropriate; or

• the trustees have not disclosed in the accounts any identified material uncertainties that may cast

significant doubt about the charitable company's ability to continue to adopt the going concern basis

of accounting for a period of at least twelve months from the date when the accounts are authorised

for issue.

Other information

The other information comprises the information included in the trustees' report and accounts, other than the accounts and our auditor’s report thereon. The trustees are responsible for the other information.

Our opinion on the accounts does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Page 6

Peredur Trust Audit Report Unqualified

In connection with our audit of the accounts, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements,we are required to determine whether there is a material misstatement in the accounts or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information,we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based upon the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement found in the trustees' report, the trustees (who are also the directors of the charitable company for the purpose of company law) are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.

In preparing the accounts, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the accounts

We have been appointed under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Page 7

Pi"rcdur Tni%l Audii Rewrt L.'nquatified ()ur ()hjLX'IivL'% lire li) (thitiiii re:141)n41hlL 4iN%urJn¢i- 'IIK)ul w"hL-IhL-r ihc accounts a w'holc are frL'C l-ribm ￿linal n)JN%UlilllL'IIL whLihLr duL 14? frauf a%%iiranr¢. is Mi a lh￿ 'iiiilii c-<>n(IIiL lcd in LLI)rdanLL w'iih ISpl.% i Ll Kl w ill J TTialLTiJI rni.%%lJl¢mLnl M'hcn il Lxikl%. N.li%%l4llLmLn¢% Lan Jrisc from I'raud or Lm)r and arl maiLriJI if. irKliwiclii:Ill)' i)r in IhL JiiivfLkn4r-IlL', IhL')' ¢i7uld r¢aM?￿bI). c￿￿￿tL￿1 io influeniL ihL LLonoiniL dLLi%iiin% Ill- Ill￿.￿ l¥ikLn Il luil1)Lr lIL_￿TI1)ll{lll i?( (wr TV+[M￿sibilI1I¢% lor ihc audit of IhL" acLM)unL4 I'. in dLLI)nlAnLL w'iih Ch.'Ipler l of Parf l 6 4)l- lh¢ C ()mp,'Ini¢% AL I ?IMX). ()ur audil ￿'or￿ txx'ti uIMk.rtJkLlI Ihjl WL Tl)ik'hi %lJlL l(i ihc Liiii)pdiiy'% iiILiiihL'r4 ihi)¢ iii.llim wc Jr¢ rcquircd 10 State lo thim in ￿ audilc)Pb fLlX)rl :Iiiil fr(￿ N) i)IhL'r i)urp()sL. Til ihL. lullL%I LXTLni ￿mIllic￿ b). law. we do not accepi or a%%un)L fL'%P()ii%ihilil)' li) y()nL oihLr Ihan IhL LI1￿1[￿bIL LI?IiiPdill) JTKI charity as a tmxly. ((If 4wr iiudii w(brk. for thi.s rLP)n. i>r 1'4)r ihL ()l)ii)ii)n) %%'L h￿￿L fi)niK￿. And[L.￿. FJ_sh&r BA T.-("A. SL'nii?r.SidlulcTrry Awjiliy ThL AlJnhnM>k¢% ( iri)Iip 1.4d IJTIK)k l.ai)L. Ili)Ii l ili%liirL BA14 ()Kl. 14 April ?()? I ..Il'iiihThx)kL Lid 1% LligiblL l-c)r aprx)II)lJiKiil Judili)r i)r ihe Lh41ri1y by i'inuL (?I- ilN Llio jl)iliiy li Ipp)inlnK'nl uiidiior of a chan"lJ' un(k'i KLliI)wI I ?1 ? 4>( IIK. Ci>niikiniL* A¢1 ?(KKtr. P¥8

Peredur Trust Statement of Financial Activities

for the year ended 30 September 2020

Notes
Income and endowments
from:
Donations and legacies
4
Charitable activities
5
Investments
6
Other
7
Total
Expenditure on:
Raising funds
8
Charitable activities
9
Total
Net gains on investments
Net income
10
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought
forward
Total funds carried
forward		 Unrestricted
funds
2020
£
648
301,607
643
1,942		 Restricted
funds
2020
£
-
-
-
-		 Total
funds
2020
£
648
301,607
643
1,942		 Total
funds
2019
£
33,923
238,035
2,284
608
304,840
-
268,258		 -
-
-		 304,840
-
268,258		 274,850
17,273
227,239
268,258
-		 -
-		 268,258
-		 244,512
-
36,582 - 36,582 30,338
36,582 - 36,582 30,338
36,582
3,466,455		 -
5,000		 36,582
3,471,455		 30,338
3,441,117
3,503,037 5,000 3,508,037 3,471,455

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Page 9

Peredur "InLsl Ilalanre .Sheet 30 Septemher ?1120 Lomp41nY.No. 111473711 Notes 21120 ?oiy lied a&%els Tdngihlc &%scl.s 13 .3 ?]? 14.5 -3.161_$1 14 1611.IKX) IW.(KX) .1.77? 14.$ -•. I??_SIH C."urrenl %vLs' 11.X7U 1¢).614 IX.hii>r 16 6S.-5? ( &il Truiik Jn(l in hJn yi.(J( 88.5.Ml 1414.IMXp 171.fJ Creditors& iliiii>unl fiilling duc within 0￿. yLar Net current 17 {11 1141 ?4.718 148.Y_51 Total le%% iwm'ni liabllltles Nel i&qeLs excludink ￿nsIon or liabilit I.51￿.(}37 1.471.4.$5 I.$08.(1.17 .1,471.455 'I'nlal net 1..51)X.(1.37 7.471.4.5.5 The fuD(Ls ol. thL' Lhxrit Re%1rict¢d funds 18 Rc￿riLL￿￿l i1)Ll)ii￿. fui)¢L s,Ixxi un￿￿trICted lundi Cii'nLpal lun& 1,71XI.9.U 1.67?.15 (Ihcr rLYrvcs 1.794.10.1 .7I)4.11)I -3..%1.3.n.17 'I'()tal funds l..Wll.l)J7 .1.471.4.S.5 '[h¥￿ .'ILLI)Iinl% hdvc Ix'Ln prLpdfLXt ill ￿(()￿L'lnv¥ with %fKxial pnivi4ii)n% ol Pan 1.5 of thL ( I)JlllJ:IlliL% Ail _IM]6 rclaiin? 10 %iiull Ll)IiiP4ini¢'%. Aiii)fll%'Ld hv Ihc. tKMrd cin 14 Apnl ?11? I 11 il. kn.h4ilf hJ'- I'hilip KL .1 ruNIL'L 14 April I P39e 10

Peredur Trust Notes to the Accounts

for the year ended 30 September 2020

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The charity constitutes a public benefit entity as defined by FRS102.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted These are available for use at the discretion of the trustees in furtherance of the funds general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation These are unrestricted funds which include a revaluation reserve representing funds the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Page 11

Peredur Trust Notes to the Accounts

Peredur Trust
Notes to the Accounts
Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the
income charity becomes entitled to, and virtually certain to receive, the income and the
amount of the income can be measured with sufficient reliability.
Income with Where income has related expenditure the income and related expenditure is
related reported gross in the SoFA.
expenditure
Donations and Voluntary income received by way of grants, donations and gifts is included in
legacies the the SoFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the
donations and gift/donation to which it relates.
gifts
Donated These are only included in income (with an equivalent amount in expenditure)
services and where the benefit to the Charity is reasonably quantifiable, measurable and
facilities material.
Volunteer help The value of any volunteer help received is not included in the accounts.
Investment This is included in the accounts when receivable.
income
Gains/(losses) This includes any gain or loss resulting from revaluing investments to market
on revaluation of value at the end of the year.
fixed assets
Gains/(losses) This includes any gain or loss on the sale of investments.
on investment
assets
Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT
expenditure which cannot be fully recovered, and is reported as part of the expenditure to
which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income,
raising funds fundraising trading costs and investment management costs.
Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities
charitable and services in the furtherance of its objects, including the making of grants and
activities governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual
for grants that have been approved by the trustees at the end of the year but not
yet paid.
Governance These include those costs associated with meeting the constitutional and
costs statutory requirements of the Charity, including any audit/independent
examination fees, costs linked to the strategic management of the Charity,
together with a share of other administration costs.
Other These are support costs not allocated to a particular activity.
expenditure

Taxation

The charity is exempt from corporation tax on its charitable activities.

Page 12

Peredur Trust Notes to the Accounts

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Plant and machinery 15% Reducing Balance Motor Vehicles 20% Reducing Balance Fixtures and Fittings 25% Reducing Balance

Freehold�investment�property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated as their fair value exceeds cost. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade�and�other�debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash�and�cash�equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade�and�other�creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research�and�development

Expenditure on research and development is written off in the year in which it is incurred.

Page 13

Peredur Trust Notes to the Accounts

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Statement of cash flows

The charity is exempt from preparing a statement of cash flows on the grounds that it is a small charity

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

The charity is incorporated in England. The members of the company are the trustees shown on page 1 as is the registered office address.

Page 14

Peredur Trust Notes to the Accounts

3 Statement of Financial Activities - prior year

3
Statement of Financial Activities - prior year
Income and endowments
from:
Donations and legacies
Charitable activities
Investments
Other
Total
Expenditure on:
Raising funds
Charitable activities
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried
forward
4
Income from donations and legacies
Donations
Legacies		 Unrestricted
funds
2019
£
28,923
238,035
2,284
608
269,850
17,273
227,239
244,512
25,338
25,338
25,338
3,441,117
3,466,455
Unrestricted
£
648
-
648		 Restricted
funds
2019
£
5,000
-
-
-
5,000
-
-
-
5,000
5,000
5,000
-
5,000
Total
2020
£
648
-
648		 Total
funds
2019
£
33,923
238,035
2,284
608
274,850
17,273
227,239
244,512
30,338
30,338
30,338
3,441,117
3,471,455
Total
2019
£
107
33,816
33,923

Page 15

Peredur Trust Notes to the Accounts

5 Income from charitable activities

Grant Income
Primary Purpose
Trading
Craft Sales
Pottery Income
Bakery Income
Book Sales
Farm Income
Supporting People
Income
Monthly Charges
Income
Respite and Holiday
Fees
Housing Benefit
6
Income from investments
Property Rental Income
Land rental Income
Interest on cash deposits
7
Other income
Sale of Fixed Assets
8
Expenditure on raising funds
Investment management
costs		 Unrestricted
£
1,360
600
-
2,006
43,912
97,847
38,734
200
116,948
301,607
Unrestricted
£
600
-
43
643
Unrestricted
£
1,942
1,942		 Total
2020
£
1,360
600
-
2,006
43,912
97,847
38,734
200
116,948
301,607
Total
2020
£
600
-
43
643
Total
2020
£
1,942
1,942
Total
2020
£
-
-		 Total
2019
£
1,290
1,263
1,343
1,412
6,964
70,560
33,714
400
121,089
238,035
Total
2019
£
1,100
1,100
84
2,284
Total
2019
£
608
608
Total
2019
£
17,273
17,273

Page 16

Peredur Trust Notes to the Accounts

9 Expenditure on charitable activities

Unrestricted Total Total
2020 2019
£ £ £
Direct expenditure on
charitable activities
Stock Movements 6,046 6,046 (211)
Residents Activities - 269 269 258
Pottery
Residents Activities -
Bakery		 740 740 1,434
Respite Costs 3,223 3,223 -
Purchases 3,059 3,059 1,755
Groceries 13,091 13,091 11,404
Support Costs
Wages 132,043 132,043 75,364
Staff NIC (Employers) 6,395 6,395 2,838
Pensions 2,088 2,088 1,209
Staff training 42 42 941
Travel and subsistence 13,213 13,213 11,264
Rent & rates 1,977 1,977 8,091
Light, heat and power 14,216 14,216 14,626
Insurance 18,889 18,889 14,451
Repairs & renewals 19,757 19,757 57,783
Telephone and fax 3,157 3,157 3,549
Printing, postage and
stationary		 907 907 533
Subscriptions 2,679 2,679 923
sundry expenses 1,972 1,972 5,250
Cleaning 1,218 1,218 1,328
Marketing and
promotion		 18 18 293
Consultancy fees 3,567 3,567 1,740
Legal and professional
fees		 9,129 9,129 -
Specific Bad Debts
written off		 (1) (1) 977
Bank charges 76 76 60
Interest payable 2 2 13
Depreciation 3,412 3,412 4,054
Governance costs
Cost of trustee meetings 57 57 103
Accountancy fees 3,597 3,597 4,119

Page 17

Peredur Trust Notes to the Accounts

Independent
examination of the
charity's accounts
Audit of the charity's
accounts
10 Net income before transfers
This is stated after charging:
Depreciation of owned fixed assets
Auditors' remuneration		 -
3,420
268,258
2020
£
3,412
3,420		 -
3,420
268,258		 (330)
3,420
227,239
2019
£
4,054
3,420

11 Trustee remuneration and expenses

No members of the Council of Management received any remuneration for services as a member of the Council of Management

One or more of the trustees has been paid expenses in the current or prior periods.

2020
Number
Number of trustees paid expenses
1
£
Total expenses reimbursed to trustees
184
12 Staff costs
Salaries and wages
132,043
Social security costs
6,395
Pension costs
2,088
140,526
No employee received emoluments in excess of £60,000 in either the current or
preceding year.
Total employee benefits received by key
management personnel
43,713
The average monthly number of full time equivalent
employees during the year was as follows:
2020
Number
Charitable Activities
7
7		 2019
Number
2
£
228
75,364
2,838
1,209
79,411
32,661
2019
Number
4
4

The charity operates a defined contribution pension scheme with The Peoples Pension. The pension cost shown represents the contributions payable by the charity to the scheme for the period.

The outstanding contributions at the end of the financial year were £411 (2019 - £290)

Page 18

Peredur Trust Notes to the Accounts

13 Tangible fixed assets

Cost or revaluation
At 1 October 2019
Additions
At 30 September 2020
Depreciation and
impairment
At 1 October 2019
Depreciation charge for
the year
At 30 September 2020
Net book values
At 30 September 2020
At 30 September 2019
Investments
Cost or revaluation
At 1 October 2019
At 30 September 2020
Net book values
At 30 September 2020
At 30 September 2019		 Land and
buildings
£
3,140,602
50,483
3,191,085
-
-
-
3,191,085
3,140,602		 Plant and
machinery
£
279,075
-
279,075
259,469
2,941
262,410
16,665
19,606		 Motor
Vehicles
£
24,383
1,350
25,733
22,335
409
22,744
2,989
2,048		 Fixtures
and
Fittings
£
1,044
1,220
2,264
796
62
858
1,406
248
Freehold
Investment
Property
£
160,000
160,000
160,000
160,000		 Total
£
3,445,104
53,053
3,498,157
282,600
3,412
286,012
3,212,145
3,162,504
Total
£
160,000
160,000
160,000
160,000

14 Investments

The Trustees have reviewed the valuation of the investment properties held and consider the current valuation to be an accurate fair value at the financial year end.

School Farm, East Grinstead, part of which has subsequently been sold was revalued in September 1981 at £65,000. The remaining part is currently valued at £160,000.

15 Stocks

Raw materials and consumables
16 Debtors
Trade debtors
Other debtors
Prepayments and accrued income		 2020
£
11,870
11,870
2020
£
6,568
-
38,604
45,172		 2019
£
19,614
19,614
2019
£
36,656
840
28,029
65,525

Page 19

Peredur Trust Notes to the Accounts

17 Creditors:

amounts falling due within one year

Trade creditors
Accruals and deferred income
18 Movement in funds
Restricted funds:
Restricted income
funds:
Art and education fund
Total
Unrestricted funds:
General funds
Reserves
Revaluation fund
Fair value reserve
Total
Revaluation Reserves:
Total funds		 At 1
October
2019
5,000
5,000
1,672,352
1,635,220
158,883
1,794,103
3,471,455		 2020
£
4,222
8,892
13,114
Incoming
resources
(including
other
gains/losses)
£
-
-
304,840
-
-
-
304,840		 Resources
expended
£
-
-
(268,258)
-
-
-
(268,258)		 2019
£
10,029
14,689
24,718
At 30
September
2020
£
5,000
5,000
1,708,934
1,635,220
158,883
1,794,103
3,508,037

Purposes and restrictions in relation to the funds: Restricted funds: Art and education fund to give additional opportunities for resident activities and staff training.

Designated funds: Revaluation fund Revaluation of fixed assets for charitable use. NB this has arisen due to the transfer of assets from investment purposes to charitable use.

Fair value reserve Revaluation of assets for investment purposes to their current fair value.

Page 20

Peredur Trust Notes to the Accounts

19 Analysis of net assets between funds

Unrestricted
funds
£
Fixed assets
3,212,145
Investments
160,000
Net current assets
130,892
3,503,037
20 Commitments
Capital commitments
2020
£
Capital commitments contracted for at
the end of the financial year for which
no provision has been made:
81,761
21 Related party disclosures
Transactions with related parties
Name of related party
Alan Vanier
Description of
relationship between the
parties
Spouse of trustee Lorna Vanier
Description of
transaction and general
amounts involved
Plumbing work undertaken
Amount due from/(to) the related party		 Restricted
funds
£
-
-
5,000
5,000
2020
£
192		 Total
£
3,212,145
160,000
135,892
3,508,037
2019
£
123,964

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 21