| Pages | ||
|---|---|---|
| Trustees' Annual Report |
2to 5 | |
| Auditor's Report |
6to 8 | |
| Statement ofFinancial Activities | ||
| Balance Sheet | 10 | |
| Statement ofCash flows | ||
| Notes to the Accounts | 12to | 23 |
| Unrestrict | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| ed funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| Notes | ||||||
| Income and endowments | ||||||
| from: | ||||||
| Donations | and legacies | 648 | ||||
| Charitable | activities | 313,191 | 313,191 | 301,607 | ||
| Investments | 17,951 | 17,951 | 643 | |||
| Other | 993,885 | 993,885 | 1,942 | |||
| Total | 1,325,027 | 1,325,027 | 304,840 | |||
| Expenditure | on: | |||||
| Raising funds | 2,850 | 2,850 | ||||
| Charitable | activities | 255,536 | 255,536 | 268,258 | ||
| Total | 258,386 | 258,386 | 268,258 | |||
| Net income | 10 | 1,066,641 | 1,066,641 | 36,582 | ||
| Net income gains/(losses) |
before other | 1,066,641 | 1,066,641 | 36,582 | ||
| Other gains | and losses: | |||||
| Reduction | in revaluation | |||||
| reserve on | sale offixed | (55,000) | (55,000) | |||
| assets | ||||||
| Net movement in funds |
1,011,641 | 1,011,641 | 36,582 | |||
| Reconciliation offunds: | ||||||
| Total funds brought forwal d |
3,503,037 | 5,000 | 3,508,037 | 3,471,455 | ||
| Total funds | carried | |||||
| forward | 4,514,678 | 5,000 | 4,519,678 | 3,508,037 |
| at | 30September 2021 | ||||
|---|---|---|---|---|---|
| Company No. 01473711 |
Notes | 2021 | 2020 | ||
| Fixed assets | |||||
| Tangible assets | 13 | 2,791,152 | 3,212,145 | ||
| Investments | 14 | 160,000 | 160,000 | ||
| 2,951,152 | 3,372,145 | ||||
| Current assets | |||||
| Stocks | 15 | 13,143 | 11,870 | ||
| Debtors | 16 | 44,140 | 45,172 | ||
| Cash at bank and | in hand | 1,522,404 | 91,964 | ||
| 1,579,687 | 149,006 | ||||
| Creditors: Amount | falling due within one year | 17 | (11,161) | (13,114) | |
| Net current assets | 1,568,526 | 135,892 | |||
| Total assets less current liabilities | 4,519,678 | 3,508,037 | |||
| Net assets excluding | pension asset or liability | 4,519,678 | 3,508,037 | ||
| Total net assets | 4,519,678 | 3,508,037 | |||
| The funds ofthe charity | |||||
| Restricted funds | 18 | ||||
| Restricted income |
funds | 5,000 | 5,000 | ||
| 5,000 | 5,000 | ||||
| Unrestricted funds |
18 | ||||
| General funds | 1,379,217 | 1,708,934 | |||
| Other reserves | 3,135,461 | 1,794,103 | |||
| 4,514,678 | 3,503,037 | ||||
| Total funds | 4,519,678 | 3,508,037 |
| 2021 | 2020 | ||
|---|---|---|---|
| Cash flows from operating activities |
|||
| Net income per Statement ofFinancial Activities | 1,011,641 | 36,582 | |
| Adjustments for: |
|||
| Depreciation ofproperty, plant and equipment |
1,991 | 3,412 | |
| Profit on disposal oftangible fixed assets |
(993,885) | ||
| Dividends, interest and rents from investments |
(17,951) | (2,585) | |
| Other gains/losses | 55,000 | ||
| (increase)/Decrease in stocks |
(1,273) | 7,744 | |
| Decrease in trade and other receivables | 1,032 | 20,353 | |
| Decrease in trade and other payables | (1,953) | (11,604) | |
| Net cash provided by operating activities |
54,602 | 53,902 | |
| Cash flows from investing activities |
|||
| Proceeds from sales ofproperty, plant and |
equipment | 1,396,909 | |
| Purchases ofproperty, plant and equipment |
(39,022) | (53,053) | |
| Dividends, interest and rents from investments |
17,951 | 2,585 | |
| Net cash from/(used in) investing activities |
1,375,838 | (50,468) | |
| Net cash from financing activities |
|||
| Net increase in cash and cash equivalents | 1,430,440 | 3,434 | |
| Cash and cash equivalents at the beginning |
ofthe year | 91,964 | 88,530 |
| Cash and cash equivalents at the end ofthe |
year | 1,522,404 | 91,964 |
| Components ofcash and cash equivalents |
|||
| Cash and bank balances | 1,522,404 | 91,964 | |
| 1,522,404 | 91,964 |
| Peredur Trust NOTES TO THE ACCOUNTS |
|||||
|---|---|---|---|---|---|
| Income | |||||
| Recognition income |
of | Income is included in the Statement ofFinancial Activities (SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and |
|||
| the amount ofthe income can be measured with sufficient reliability. |
|||||
| Income with related |
Where income has related expenditure the income and related expenditure reported gross in the SoFA. |
is | |||
| expenditure | |||||
| Donations and |
Voluntary income received by way ofgrants, donations and gifts is |
included | |||
| legacies | in 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 services and facilities |
These are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and |
||||
| material. | |||||
| Volunteer help |
The value ofany volunteer help received is not included in the accounts. |
||||
| Investment | This is included in the accounts when receivable. |
||||
| income | |||||
| Gains/(losses) on revaluation of |
This includes any gain or loss resulting from revaluing investments value at the end ofthe year. |
to market | |||
| fixed assets | |||||
| Gains/(losses) | on | This includes any gain or loss on the sale ofinvestments. |
|||
| investment assets |
|||||
| Expenditure | |||||
| Recognition expenditure |
of | Expenditure is recognised on an accruals basis. Expenditure includes VAT which cannot be fully recovered, and is reported as part ofthe |
any | ||
| 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 charitable activities |
These comprise the costs incurred by the Charity in the delivery ofits activities and services in the furtherance ofits objects, including the making ofgrants and 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 ofthe year but |
||||
| not yet paid. | |||||
| Governance costs |
These include those costs associated with meeting the constitutional | and | |||
| statutory requirements ofthe Charity, including any audit/independent |
|||||
| examination fees, costs linked to the strategic management ofthe Charity, together with a share ofother administration costs. |
|||||
| Other expenditure | These are support costs not allocated to a particular activity. |
| 3 Statement |
ofFinancial | Activities -prio | r year | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2020 | 2020 | 2020 | |||
| Income and endowments | |||||
| from: | |||||
| Donations | and legacies | 648 | 648 | ||
| Charitable | activities | 301,607 | 301,607 | ||
| Investments | 643 | 643 | |||
| Other | 1,942 | 1,942 | |||
| Total | 304,840 | 304,840 | |||
| Expenditure | on: | ||||
| Charitable | activities | 268,258 | 268,258 | ||
| Total | 268,258 | 268,258 | |||
| Net income | 36,582 | 36,582 | |||
| Net income before other | |||||
| gains/(losses) | 36,582 | 36,582 | |||
| Other gains and losses: | |||||
| Net movement | in funds | 36,582 | 36,582 | ||
| Reconciliation | offunds: | ||||
| Total funds brought | |||||
| forward | 3,466,455 | 3,471,455 | |||
| Total funds carried | |||||
| forward | 3,503,037 | 5,000 | 3,508,037 | ||
| Income from donations | and | ||||
| 4 legacies |
| Total | Total |
|---|---|
| 2021 | 2020 |
| 648 | |
| 648 |
| 5 | Income | fro | m charitable activities |
|||
|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | ||||
| 2021 | 2020 | |||||
| K | ||||||
| Primary | Purpose | |||||
| Trading: | ||||||
| Craft Sales | 1,360 | |||||
| Pottery | Income | 767 | 767 | 600 | ||
| Book Sales | 2,828 | 2,828 | 2,006 | |||
| Farm Income | 30,510 | 30,510 | 43,912 | |||
| Supporting Income |
People | 145,792 | 145,792 | 97,847 | ||
| Monthly Income |
Charges | 20,581 | 20,581 | 38,734 | ||
| Respite | and | Holiday | ||||
| Fees | 200 | |||||
| Housing | Benefit | 112,713 | 112,713 | 116,948 | ||
| 313,191 | 313 191 | 301607 | ||||
| 6 | Income | from investments | ||||
| Unrestricted | Total | Total | ||||
| 2021 | 2020 | |||||
| Property Income |
Rental | 7,531 | 7,531 | 600 | ||
| Land rental | Income | 10,417 | 10,417 | |||
| Interest on cash | ||||||
| deposits | 43 | |||||
| 17,951 | 17,951 | 643 | ||||
| 7 | Other income | |||||
| Unrestricted | Total | Total | ||||
| 2021 | 2020 | |||||
| Profit on | Sale ofFixed | |||||
| Assets | 993,885 | 993,885 | 1,942 | |||
| 993,885 | 993,885 | 1,942 |
| Expenditure | on raising funds | |||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| 2021 | 2020 | |||
| Investment | ||||
| management | costs | |||
| Land management costs |
2,850 | 2,850 | ||
| 2,850 | 2,850 |
| Expenditure on ch activities |
aritable | |||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| 2021 | 2020 | |||
| Direct expenditure | on | |||
| charitable activities |
||||
| Stock Movements | 76 | 76 | 6,046 | |
| Residents Activities- Pottery |
731 | 731 | 269 | |
| Residents Activities- Bakery |
55 | 55 | 740 | |
| Respite Costs | 3,223 | |||
| Purchases | 1,329 | 1,329 | 3,059 | |
| Groceries | 10,386 | 10,386 | 13,091 | |
| Support Costs | ||||
| Wages | 137,850 | 137,850 | 132,043 | |
| StaffNIC (Employers) | 8,480 | 8,480 | 6,395 | |
| Pensions | 2,241 | 2,241 | 2,088 | |
| Stafftraining | 48 | 48 | 42 | |
| Travel and subsistence | 12,380 | 12,380 | 13,213 | |
| Rent 8~ rates | 4,9SI | 4,981 | 1,977 | |
| Light, heat and power | 9,159 | 9,159 | 14,216 | |
| Insurance | 16,268 | 16,268 | 18,889 | |
| Repairs 4 renewals | 25,611 | 25,611 | 19,757 | |
| Telephone and fax |
3,129 | 3,129 | 3,157 | |
| Printing, postage and stationary |
873 | 873 | 907 | |
| Subscriptions | 2,507 | 2,507 | 2,679 | |
| sundry expenses |
1,954 | 1,954 | 1,972 | |
| Cleaning | 621 | 621 | 1,218 | |
| Marketing and promotion |
18 | |||
| Consultancy fees |
8,194 | 8,194 | 3,567 | |
| Legal and professional | ||||
| fees | 9,129 | |||
| Specific Bad Debts | ||||
| written off | ||||
| Bank charges | 74 | 74 | 76 | |
| Interest payable | 2 | |||
| Depreciation | 1,990 | 1,990 | 3,412 | |
| Governance costs |
||||
| Cost oftrustee | ||||
| meetings | 159 | 159 | 57 | |
| Accountancy fees |
3,020 | 3,020 | 3,597 |
| Audit ofthe charity's accounts |
3,420 | 3,420 | 3,420 | ||||
|---|---|---|---|---|---|---|---|
| 255,536 | 255,536 | 268,258 | |||||
| 10 Net income before transfers | |||||||
| 2021 | 2020 | ||||||
| This is stated after charging: | |||||||
| Depreciation ofowned Auditors' remuneration Trustee remuneration |
fixed assets and |
1,990 3,420 |
3,412 3,420 |
||||
| 11 expenses | |||||||
| One or more ofthe trustees | has been paid | expenses | in the current or prior periods. | ||||
| 2021 | 2020 | ||||||
| Number | Number | ||||||
| Number oftrustees paid | expenses | 1 | |||||
| Total expenses reimbursed | to trustees | 184 | |||||
| 12 Staffcosts | |||||||
| Salaries and wages | 137,850 | 132,043 | |||||
| Social security costs | 8,480 | 6,395 | |||||
| Pension costs | 2,241 | 2,088 | |||||
| 148,571 | 140,526 | ||||||
| No employee received emoluments |
in excess of560,000 in either the current or | ||||||
| preceding year. | |||||||
| Total employee benefits management personnel |
received by | key | 47,390 | 43,713 | |||
| The average monthly number ofemployees |
during | ||||||
| the year was as follows: | |||||||
| 2021 | 2020 | ||||||
| Number | Number | ||||||
| Charitable Activities |
7 | 7 |
| 1 | 3 Tangible fixed assets | |||||
|---|---|---|---|---|---|---|
| Land and buildings |
Plant and machinery |
Motor Vehicles |
Fixtures and Fittings |
Total | ||
| Cost or revaluation | ||||||
| At 1 October 2020 | 3,191,086 | 279,075 | 25,733 | 2,264 | 3,498,158 | |
| Additions | 38,777 | 245 | 39,022 | |||
| Disposals At 30 September 2021 |
(448,198) 2,781,665 |
(121,399) 157,676 |
25,733 | 2,509 | (569,597) 2,967,583 |
|
| Depreciation and |
||||||
| impairment | ||||||
| At 1 October 2020 | 262,410 | 22,744 | 858 | 286,012 | ||
| Depreciation charge for the year |
1,026 | 598 | 367 | 1,991 | ||
| Disposals At 30 September 2021 |
(111,572) 151,864 |
23,342 | 1,225 | (111,572) 176,431 |
||
| Net book values | ||||||
| At 30 September 2021 At 30 September 2020 |
2,781,665 3,191,086 |
5,812 16,665 |
2,391 2,989 |
1,284 1,406 |
2,791,152 3,212,146 |
|
| 14 | Investments | |||||
| Freehold | ||||||
| Investment | ||||||
| Property | Total | |||||
| Cost or revaluation | ||||||
| At 1 October 2020 At 30 September 2021 |
160,000 160,000 |
160,000 160,000 |
||||
| Net book values | ||||||
| At 30 September 2021 At 30 September 2020 |
160,000 160,000 |
160,000 160,000 |
||||
| 15 | Stocks | |||||
| 2021 | 2020 | |||||
| Raw materials and consumables |
13,143 | 11,870 | ||||
| 13,143 | 11,870 | |||||
| 16 | Debtors | |||||
| 2021 | 2020 | |||||
| Trade debtors Other debtors |
13,133 1,353 |
6,568 | ||||
| Prepayments and accrued |
income | 29,654 | 38,604 | |||
| 44,140 | 45,172 |
| 17 Creditors: | 17 Creditors: | 17 Creditors: | 17 Creditors: | ||||
|---|---|---|---|---|---|---|---|
| amounts falling due within one year |
|||||||
| 2021 | 2020 | ||||||
| Trade creditors | 6,388 | 4,222 | |||||
| Accruals and deferred | income | 4,773 | 8,892 | ||||
| 11,161 | 13,114 | ||||||
| 1S Movement | in funds | ||||||
| Incoming | |||||||
| resources | |||||||
| (including | Resources | Gross | |||||
| At 1 October 2020 |
other gainsllosses ) |
expended | transfers | At 30 September 2021 |
|||
| Restricted | funds: | ||||||
| Restricted | income | ||||||
| funds: | |||||||
| Art and education | fund | 5,000 | 5,000 | ||||
| Total | 5,000 | 5,000 | |||||
| Unrestricted | funds: | ||||||
| General funds | 1,708,934 | 1,325,027 | (258,386) | (1,396,358) | 1,379,217 | ||
| Other reserves: | |||||||
| Fair value reserve | 158,883 | 158,883 | |||||
| Revaluation | reserve | 1,635,220 | (55,000) | 1,580,220 | |||
| Development | fund | 1,396,358 | 1,396,358 | ||||
| Total | 1,794,103 | (55,000) | 1,396,358 | 3,135,461 | |||
| Total funds | 3,508,037 | 1,270,027 | (258,386) | 4,519,678 |
| 19 | funds | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted funds |
Restricted funds |
Total | ||||||||
| Fixed assets | 2,791,152 | 2,791,152 | ||||||||
| Investments | 160,000 | 160,000 | ||||||||
| Net current assets | 1,563,526 | 5,000 | 1,568,526 | |||||||
| 4,514,678 | 5,000 | 4,519,678 | ||||||||
| 20 | Commitments | |||||||||
| Capital commitments | 2021 | 2020 | ||||||||
| Capital commitments | contracted for | |||||||||
| at the end ofthe financial year for | ||||||||||
| which no provision | has been made: | 81,761 | ||||||||
| 21 | Related party disclosures | |||||||||
| 2021 | 2020 | |||||||||
| Transactions with related parties |
||||||||||
| Name ofrelated party | Alan Vanier | |||||||||
| Description of | ||||||||||
| relationship between |
Spouse of | trustee Lorna Vanier | ||||||||
| the parties | ||||||||||
| Description of | ||||||||||
| transaction and |
||||||||||
| general amounts | Plumbing | work undertaken | ||||||||
| involved | ||||||||||
| Amount duePoml(to) | the related party | 65 | 192 | |||||||
| Name ofrelated party | PDP Green | Consulting | Ltd | |||||||
| Description of | ||||||||||
| relationship between |
Trustee Paul | Frondella | is a director | |||||||
| the parties | ||||||||||
| Description of | ||||||||||
| transaction and |
||||||||||
| general amounts | Consulting | work on planning | permissions | |||||||
| involved | ||||||||||
| Amount duefrom/(to) | the related party | 17,184 | ||||||||
| Controlling party |
||||||||||
| The company is limited by guarantee |
and has no share | capital; thus no | single party controls the | |||||||
| company. |