2022-09-30-accounts - Peredur Trust

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		Pages
Trustees' Annual	Report	2to 5
Auditor's Report		6 to 8
Statement ofFinancial Activities
Balance Sheet			10
Statement ofCash	flows
Notes to the Accounts		12to	23

			for the yea	r ended 30Septemb	er 2022
				Un restrict	Restricted	Total	Total
				ed funds	funds	funds	funds
				2022	2022	2022	2021
			Notes
Income and	endowments
from:
Charitable Investments Other	activities			303,663 10,266 264		303,663 l0,266 264	313,191 17,951 993,885
Total				314,193		314,193	1,325,027
Expenditure	on:
Raising funds Charitable activities Total				272,383 272,383		272,383 272,383	2,850 255,536 258,386
Net gains on	investments
Net income Net income before other				41,810		41,810	1,066,641
gains/(losses)				41,810		41,810	1,066,641
Other gains	and losses:
Losses on revaluation		of
fixed assets							(55,000}
Net movement in funds				41,810		41,810	1,011,641
Reconciliation offunds:
Total funds brought
forward				2,934,458	5,000	2,939,458	3,508,037
Total funds carried
forward				2,976,268	5,000	2,981,268	4,519,678

				30September 2022
Company No. 01473711			'Notes	2022	2021
Fixed assets
Tangible assets			11	2,859,950	2,791,152
Investments			12	160,000	160,000
Current assets				3,019,950	2,951,152
Stocks Debtors			13 14	13,643 39,807	13,143 44,140
Cash at bank and	in hand			1,497,188	1,522,404
Creditors: Amount falling due within Net current assets Total assets less current liabilities		one year	15	1,550,638 (9,100) 1,541,538 4,561,488	1,579,687 (11,161) 1,568,526 4,519,678
Net assets excluding	pension asset or	liability		4,561,488	4,519,678
Total net assets				4,561,488	4,519,678
The funds ofthe charity
Restricted funds			16
Restricted income	funds			5,000	5,000
				5,000	5,000
Unrestricted funds			]6
General funds				2,817,385	2,775,575
Designated funds				158,883	158,883
				2,976,268	2,934,458
Reserves			16
Revaluation reserve				1,580,220	1,580,220
				1,580,220	1,580,220
Total funds				4,561,488	4,519,678

for the year ended 30September	for the year ended 30September	for the year ended 30September	2022
			2022	2021
Cash flows from operating activities
Net income per Statement ofFinancial Activities			41,810	1,011,641
Adjustments for:
Depreciation ofproperty, plant and equipment Profit on disposal oftangible fixed assets			1,702	1,991 (993,885)
Dividends, interest and rents from investments			(10,530)	(17,951)
Increase in stocks			(500)	(1,273)
Decrease in trade and other receivables			4,333	1,032
Decrease in trade and other payables			(2,061)	(1,953)
Net cash provided by/(used in) operating activities			34,754	(398)
Cash flows from investing activities
Purchases ofproperty, plant and equipment			(70,500)	(39,022)
Dividends, interest and rents from investments			10,530	17,951
Net cash (used in)/from investing activities			(59,970)	1,375,838
Net cash from financing activities
Net (decrease)/increase in cash and cash equivalents			(25,216)	1,375,440
Cash and cash equivalents at the beginning	ofthe year	1,522,404		91,964
Cash and cash equivalents at the end ofthe	year	1,497,188		1,467,404
Components ofcash and cash equivalents
Cash and bank balances		1,497,188		1,522,404
		1,497,188		1,522,404

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

		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 expenditure	related	Where income has related expenditure the income and related expenditure reported gross in the SoFA.		is
Donations and legacies		Voluntary income received by way ofgrants, donations and gifts is in the the SoFA when receivab~le and only when the Charity has	included
		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 gifts		gift/donation to which it relates.
Donated services		These are only included in income (with an equivalent amount in
and facilities		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 income		This is included in the accounts when receivable.
Gains/(losses) on revaluation offixed		This includes any gain or loss itesulting from revaluing investments market value at the end ofthe year.	to
assets
Gains/(losses)	on	This includes any gain or loss on the sale ofinvestments.
investment assets
Expenditure
Recognition	of	Expenditure is recognised on an accruals basis. Expenditure includes	any
expenditure		UAT which cannot be fully recovered, and is reported as part ofthe
		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
charitable activities		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.

		Unrestricted	Restricted	Total
		funds	funds	funds
		2021	2021	2021
Income and endowments
from:
Charitable activities Investments Other Total		313,191 17,951 993,885 1,325,027		313,191 17,951 993,885 1,325,027
Expenditure on:
Raising funds Charitable activities Total		2,850 255,536 258,386		2,850 255,536 258,386
Net income Net income before other		1,066,641		1,066,641
gains/(losses)		1,066,641		1,066,641
Other gains and losses:
Gains on revaluation Net movement in funds Reconciliation offunds:	offixed assets	(55,000) 1,011,641		(55,000) 1,011,641
Total funds brought
forward Total funds carried		3,503,037	5,000	3 508 037
forward		4,514,678	5,000	4,519,678

4	Income from charitable activities
		Unrestricted	Total	Total
			2022	2021
	Primary Purpose
	Trading:
	Pottery Income	4,470	4,470	767
	Book Sales	2,313	2,313	2,828
	Farm Income	35,205	35,205	30,510
	Supporting People
	Income - Local	110,008	110,008	145,792
	Authority
	Supporting People Income - SelfFunded	12,645	12,645
	Monthly Charges Income	27,612	27,612	20,581
	Housing Benefit	89,910	89,910	112,713
	SelfFunded Rent	21,500	21,500
		303,663	303,663	313,191
5	Income from investments
		Unrestricted	Total	Total
			2022	2021
	Property Rental Income	6,219	6,219	7,531
	Land rental Income	3,462	3,462	10,417
	Interest on cash
	deposits	585	585
		10,266	10,266	17,951
6	Other income
		Unrestricted	Total	Total
			2022	2021
	Profit on Sale ofFixed Assets	264	264	993,885
		264	264	993,885

Expendi	ture	on raising funds
			Total	Total
			2022	2021
Investment
management		costs
Property	Rental
Income				2,850
				2,850

Expenditure on ch activities	aritable
		Unrestricted	Total	Total
			2022	2021
Direct expenditure	on
charitable activities
Stock Movements Residents Activities-		(209)	(209)
Pottery		2,419	2,419	731
Residents Activities-
Bakery		119	119	55
Purchases		1,211	1,211	1,329
Groceries		10,987	10,987	10,386
Donations made		105	105
Support Costs
Wages		152,073	152,073	137,850
StaffNIC (Employers)		8,570	8,570	8,480
Pensions		5,662	5,662	2,241
Stafftraining		1,289	1,289	48
Travel and subsistence		15,875	15,875	12,380
Rent Xrates		4,578	4,578	4,981
Light, heat and power		13,055	13,055	9,159
Insurance		15,858	15,858	16,268
Repairs &,renewals		16,573	16,573	25,611
Telephone and fax		3,196	3,196	3,129
Printing, postage and stationary		561	561	873
Suhscriptions		2,551	2,551	2,507
sundry expenses		1,545	1,545	1,954
Cleaning		46	46	621
Consultancy fees		7,120	7,120	8,194
Bank charges		88	88	74
Depreciation		1,702	1,702	1,990
Governance costs
Cost oftrustee
meetings		121	121	159
Accountancy fees		3,868	3,868	3,020
Audit ofthe charity's accounts		3,420	3,420	3,420
		272,383	272,383	255,536

9 Net income before transfers	9 Net income before transfers	9 Net income before transfers
This is stated after charging;						2022			2021
Depreciation ofowned fixed assets Auditors' remuneration 10 Staff costs						1,702 3,420			1,990 3,420
Salaries and wages Social security costs Pension costs						152,073 8,570 5,662			137,850 8,480 2,241
						166,305			1411,571
No employee received preceding year.		emoluments	in excess		ofK60,000 in either the current or
Total employee benefits received by management personnel			key			48,431			47,390
The average monthly	number offull		time
equivalent employees		during the year was		as
follows:
						2022			2021
						Number			Number
						7			7
						7			7
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 ofthe		financial	year were f462	(2020 -f411)
1 Tangible fixed assets
		Land and	Plant		and	Motor	Fixtures
		buildings	machinery			Vehicles	and Fittings		Total
Cost or revaluation
At I October 2021 Additions At 30 September 2022 Depreciation and		2,781,665 69,707 2,851,372		157,676 157,676		25,733 25,733	2,509 793 3,302	2,967,583 70,500 3,038,083
impairment
At 1 October 2021 Depreciation charge for				151,864		23,342	1,225		176,431
the year						478	352		1,702
At 30 September 2022 Net book values				152,736		23,820	1,577		178,133
At 30 September 2022 At 30 September 2021		2,851,372 2,781,665		4,940 5,812		1,913 2,391	1,725 1,284	2,859,950 2,791,152

12	Investments
					Freehold
					Investment
					Property	Total
	Cost or revaluation
	At 1 October 2021 At 30 September 2022 Net book values				160,000 160,000	160,000 160,000
	At 30 September 2022 At 30 September 2021				160,000 160,000	160,000 160,000
13	Stocks
				2022		2021
	Raw materials	and consumables		13,643		13,143
				13,643		13,143
14	Debtors
				2022		2021
	Trade debtors			16,312		13,133
	Other debtors			1,353		1,353
	Prepayments	and accrued income		22,142		29,654
				39,807		44,140
15	Creditors:
	amounts falling due within one year
				2022		2021
	Trade creditors			3,252		6,388
	Accruals and	deferred	income	5,848		4,773
				9,100		11,161

				Incoming
			At I October	resources (including other	Resources expended	At 30 September 2022
			2021	gains/losses)
Restricted	funds:
Restricted	income
funds:
Art and education		fund	5,000			5,000
Total Unrestricted	funds:		5,000			5,000
General funds Designated funds:			2,77S,575	314,193	(272,383)	2,817,385
Fair value reserve Total Revaluation Reserves:			158,883 158,883			158,8&3 158,883
Unrestricted	funds:
Revaluation Total	fund		1,580,220 1,580,220			1,580,220 1,580,220
Total revaluation
reserves			1,580,220			1,580,220
Total funds			4,519,678	314,193	(272,383)	4,561,488

	Unrestricte
	d funds	Total
Fixed assets
Investments	2,859,950	2,859,950
Net current assets	160,000	160,0QQ
	1,541,538	1,541,538
	4,561,488	4,561,488

18 Related party disclosures	18 Related party disclosures
Transactions with related parties						2022	2021
Name ofrelated party	Alan Vanier
Description of
relationship between	Spouse oftrustee Lorna Vanier
the parties
Description of
transaction and
general amounts	Plumbing	work undertaken
involved
Amount duePoml(to)	the related party						65
Name ofrelatedparty	PDP Green	Consulting		Ltd
Description of
relationship between	Trustee Paul		Frondella	is a director
fheparties
Description of
transaction and
general amounts	Consulting	work on planning			permissions
involved
Amount duePoml(to) Controlling party	the related party					23,502	17,184
The company is limited by guarantee company.			and has no	share	capital; thus no single party controls		the