Company registration number: 01473711 Charity registration number: 279503
## _**Peredur Trust**_
(A company limited by guarantee.) Annual Report and Audited Accounts for the year ended 30 September 2023
Andrew Fisher BA FCA The Alanbrookes Group Ltd 1 Brook Lane Holt Wiltshire BA14 6RL
## **Peredur Trust Contents**
Reference and Administrative Details………………………………….…………1 Trustees' Annual Report…….………………………………………………….…2 to 4 Auditor's Report………………………………………………………………... 5 to 8 Statement of financial activities……………………………………………….…9 Balance Sheet……………………………………………………………………10 Statement of Cash flows…................................................................................... 11 Notes to the financial statements……………………………………...…………12 to 22
**Peredur Trust Reference and Administrative Details**
|**Charity name**|Peredur Trust||
|---|---|---|
|**Charity registration number**|279503||
|**Company registration number**|01473711||
||Registered in England & Wales||
|**Registered office**|The Bakery, Trebullom||
||Altarnun||
||Nr Launceston||
||Cornwall||
||PL15 7RF||
|**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.||
||Paul Frondella||
||Phillip Kennen||
||Lorna Vanier||
||Dawn Wainwright||
|**Key management personnel**|Terri Wilkins|Chief Executive Officer|
|**Bankers**|CAF Bank Ltd|Barclays Bank PLC|
||25 Kings Hill Avenue|The Parade|
||West Malling|Liskeard|
||Kent|Cornwall|
||ME19 4JQ|PL14 6AR|
|**Auditor**|Andrew Fisher BA FCA||
||The Alanbrookes Group Ltd||
||1 Brook Lane||
||Holt||
||Wiltshire||
||BA14 6RL||
Page 1
**Peredur Trust Trustees' Report**
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report and the audited financial statements for the year ended 30 September 2023
## **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 support to vulnerable individuals with identified needs
•Organisational policies support equality and diversity in all aspects.
•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 Charity's aims and objectives serve to benefit the wider community.
•Individuals cannot benefit personally from the Trust
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**
During the period between 1st October 2022 and 30th September 2023 the support service continued to develop, be responsive and deliver tailored support to the individuals needs. Cornwall Council have yet to finalise and launch their Housing and Support Solutions, whilst we are still commissioned for services (at variable rates for individuals including different rates for core shared hours), we remain without a contract until they can provide for services which do not currently comply with the DPS (Dynamic Purchasing System) which requires us to be CQC registered.
The enhanced housing benefit review for Trebullom Farm is ongoing. The fees for this are included within consultancy in the accounts. This has not been deferred to match any future income as the result is uncertain.
Cornwall Council funded adaptations to one of our residents bathrooms during the year. The trustees have considered this a donation to the resident rather than to Peredur Trust itself, as such no values are included in the accounts for this work.
Page 2
**Peredur Trust Trustees' Report**
The Trust had an offer accepted for a suitable property with an acre of land which would serve to provide more independent supported housing near to town, which has been identified as a need. The property, a bungalow and annex, have the potential to provide housing for four people; two single dwellings and one 2 bedroomed shared. This once established would expand our capacity, provide much needed housing, income for the Trust and employment.
West Tregillis farmhouse project requires engineer reports following a visit to resolve structural issues and then PP will follow negotiations with Castria and Conservation Officer. Peredur Trust has declared a conflict of interest where a Trustee is a Director of Castria. Correct protocol is followed. Decisions around the future of the farm and how it serves the objectives are being considered.
The number of Trustees remained the same at four. The Trust will actively seek to increase the board numbers while ensuring candidates are suitable and have the skills and knowledge to support the role.
## **Financial review**
The income for the year was £353,742 (2022 - £314,193) with expenditure of £330,604 (2022 - £272,383) leaving a surplus on operating activities of £23,277 (2022 - £41,810).
## **Investment policy**
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.
## **Reserves policy**
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.
## **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.
Page 3
**Peredur Trust Trustees' Report**
Organisational structure:
The members of the Board of Trustees are shown on page 2. 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.
## **Trustee Responsibilities**
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Companies Act 2006 and the applicable Statement of Recommended Practice. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
there is no relevant information of which the charitable company’s auditor is unaware; and
the trustees have taken all steps that they ought to have taken as trustees to make themselves aware of any relevant information and to establish that the auditor is aware of that information.
## **Small company provisions**
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the Board on 29th July 24 and signed on its behalf by:
......................................... Philip Kennen Trustee
Page 4
## **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 2023 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:
- give a true and fair view of the state of the charitable company's affairs as at 30 September 2022 and of its profit/loss for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **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:
- the trustees' use of the going concern basis of accounting in the preparation of the accounts is not 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 5
## **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:
- the information given in the trustees' report for the financial year for which the accounts are prepared is consistent with the accounts; and
- the trustees' report has been prepared in accordance with applicable legal requirements.
## **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:
- adequate and proper accounting records have not been kept, or returns adequate for our audit have not been
- received from branches not visited by us; or
- the accounts are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to prepare the accounts in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the trustees' report and from the requirement to prepare a strategic report.
## **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.
Page 6
## **Peredur Trust Audit Report Unqualified**
## **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.
Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts.
Based on our understanding of the Company and industry, we evaluated that the principal risks of noncompliance with laws and regulations related to UK tax legislation, Health and Safety Executive legislation, Employment Law, Data Protection legislation and implementation of government support schemes (Coronavirus Job Retention Scheme), and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements such as the Companies Act 2006. We evaluated management's incentives and opportiunities for fraudulent manipulation of the financial statements (including override of controls). Audit procedures performed included:
- Evaluating management's controls designed to prevent and detect irregularities;
- Reviewing Board meeting minutes to identify non-compliance;
- Substantive testing of specific transactions and balances.
Although we have nothing adverse to report in terms of the results of the procedures listed above, there are inherent limitations in such procedures. We are less likely to become aware of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Page 7
**Peredur Trust Audit Report Unqualified**
## **Use of this report**
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.
Andrew Fisher BA FCA Senior Statutory Auditor Date:
The Alanbrookes Group Ltd 1 Brook Lane Holt Wiltshire BA14 6RL
Alanbrookes Ltd is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a charity under section 1212 of the Companies Act 2006
Page 8
## **Peredur Trust Statement of Financial Activities**
## **for the year ended 30 September 2023**
||||**Restricted**|**Restricted**|||
|---|---|---|---|---|---|---|
||Note|**Unrestricted**
**funds**|**income**
**funds**||**Total**
**funds**|**Prior year**
**funds**|
|||**2023**|**2023**||**2023**|**2022**|
|||**£**|**£**||**£**|**£**|
|**Income and endowments from:**|||||||
|Donations and
legacies|4|400||-|400|-|
|Charitable activities|5|329,046||-|329,046|303,663|
|Investments|6|24,435||-|24,435|10,266|
|Other|7|-||-|-|264|
|**_Total_**||353,881||-|353,881|314,193|
|**Expenditure on:**|||||||
|Investment|||||||
|||-||-|-|-|
|Management Costs|8||||||
|Charitable activities|8|330,604||-|330,604|272,383|
|**_Total_**||330,604||-|330,604|272,383|
|**Net income/(expenditure)**|||||||
|**before investment gains/(losses)**||23,277||-|23,277|41,810|
|Net gains/(losses) on|||||||
|investments||-||-|-|-|
|**Net income/(expenditure)**||23,277||-|23,277|41,810|
|Extraordinary items||-||-|-|-|
|Transfers between funds||-||-|-|-|
|Other recognised gains/(losses):|||||||
|Gains and losses on revaluation of|||||||
|fixed assets for the charity’s own||-||-|-|-|
|use|||||||
|Other gains/(losses)||-||-|-|-|
|**_Net movement in funds_**||23,277||-|23,277|41,810|
|**_Reconciliation of funds:_**|||||||
|Total funds brought||4,556,488|5,000||4,561,488|4,519,678|
|**_Total funds carried_**
**_forward_**||4,579,765|5,000||4,584,765|4,561,488|
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 Trust Balance Sheet**
## **As at 30 September 2023**
|**Note**
**Fixed Assets**
Tangible Assets
12
Investments
13
**Current Assets**
Stocks and work in
progress
14
Debtors
12
Cash at bank and in hand
**Creditors: Amounts**
**falling due within**
**one year**
13
**Net current assets**
**Total assets less**
**current liabilities**
**Net assets**
**The funds of the charity:**
**Restricted funds**
**Unrestricted funds**
Other reserves
Unrestricted income funds
**Total unrestricted funds**
**Total charity funds**|**£**
**£**
2,935,071
160,000
3,095,071
12,365
158,985
1,335,144
1,506,494
(16,800)
1,489,694
4,584,765
4,584,765
5,000
1,739,103
2,840,662
4,579,765
4,584,765
**2023**|**£**
**£**
2,859,950
160,000
3,019,950
13,643
39,807
1,497,188
1,550,638
(9,100)
1,541,538
4,561,488
4,561,488
5,000
1,739,103
2,817,385
4,556,488
4,561,488
**2022**|**£**
**£**
2,859,950
160,000
3,019,950
13,643
39,807
1,497,188
1,550,638
(9,100)
1,541,538
4,561,488
4,561,488
5,000
1,739,103
2,817,385
4,556,488
4,561,488
**2022**|
|---|---|---|---|
||||3,019,950
1,541,538|
||1,506,494
(16,800)|1,550,638
(9,100)||
||1,739,103
2,840,662|1,739,103
2,817,385||
||||4,561,488|
||||4,561,488|
||||5,000
4,556,488|
|||||
|||||
||||4,561,488|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 30 June 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the Board on 29th July 24 and signed on its behalf by:
Philip Kennen Trustee
Page 10
**Peredur Trust Statement of Cash Flows**
## **As at 30 September 2023**
|**2023**
**£**
**Cashflows from operating activities**
23,277
**Adjustments for:**
Depreciation of property, plant and equipment
1,601
Profit on disposal of tangible fixed assets
-
Dividends, interest and rents from investments
(24,435)
Decrease/(Increase) in stocks
1,278
(Increase)/Decrease in trade and other receivables
(119,178)
Increase/(Decrease) in trade and other payables
7,700
**Net cash provided by /(used in) operating activities**
(109,757)
**Cashflows from investing activities**
Purchase of property, plant and equipment
(76,722)
Sales of property, plant and equipment
-
Dividends, interest and rents from investments
24,435
**Net cash provided by /(used in) investing activities**
(52,287)
**Net (decrease)/increase in cash and cash equivalents**
(162,044)
**Cash and cash equivalents at the beginning of the year**
1,497,188
**Cash and cash equivalents at the end of the year**
**1,335,144**
**Components of cash and cash equivalents:**
Cash at bank and in hand
1,335,144
**1,335,144**
Net income per Statement of Financial Activities|**2022**
**£**
41,810
1,702
(264)
(10,266)
(500)
4,333
(2,061)|
|---|---|
||34,754
(70,500)
264
10,266|
||(59,970)
(25,216)
1,522,404|
||**1,497,188**|
||1,497,188|
||**1,497,188**|
Page 11
**Peredur Trust Notes to the Accounts**
## **1 Accounting policies**
## **1.1 Basis of accounting**
The accounts have been prepared under the historical cost convention and 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 (FRS102) second edition - October 2019 (effective 1 January 2019);
- the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102);
- the Companies Act 2006 and
- the Charities Act 2011.
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
## **1.2 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.
## **1.3 Fund accounting policy**
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Designated funds are amounts that are allocated for specific purposes by the charity itself.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Revaluation funds are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market value.
## **1.4 Income**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS102 SORP or FRS102.
Items of income are recognised and included in the accounts when all of the following criteria are met:
- ꞏ the charity has entitlement to the funds;
ꞏ any performance conditions attached to the item(s) of income have been met or are fully within the control of the charity;
- ꞏ there is sufficient certainty that receipt of the income is considered probable; and
- ꞏ the amount can be measured reliably.
Donations and legacies are voluntary income received by way of donations and gifts. It is included within the accounts when receivable and only when the charity has unconditional entitlement to the income.
Tax reclaims on donations and gifts are included in the accounts at the same time as the gift/donation to which it relates
Page 12
## **Peredur Trust Notes to the Accounts**
Donated goods and services are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material.
The value of services provided by volunteers is not included within the accounts.
## **1.5 Resources expended**
Liabilities are recognised where there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and includes the attributable value added tax which cannot be recovered.
Grants payable are charged in the year when the offer is conveyed to the recipient except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year-end are noted as a commitment, but not accrued as expenditure.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs are the those costs required to support the charity in carrying out its activities and meeting its objects.
Governance costs include costs associated with meeting the constitutional and statutory requirements of the Charity, including the preparation and examination of the statutory accounts, the costs of trustee meetings and other costs linked to the strategic management of the Charity including the cost of any legal advice to trustees on governance or constitutional matters.
## **1.6 Tangible fixed assets and depreciation**
All assets costing more than £500 are capitalised.
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, which is reviewed annually. The rates used are as follows:-
Plant and machinery -15% reducing balance Motor vehicles -20% reducing balance Fixtures and fittings - 25% reducing balance
## **1.7 Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **1.8 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.
Page 13
**Peredur Trust Notes to the Accounts**
## **1.9 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.
## **1.10 Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.11 Creditors and provisions**
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.
## **1.12 Pension costs**
The charity operates a defined contribution pension scheme. Contributions are charged in the statement of financial activities as they become payable in accordance with the rules of the scheme.
## **1.13 Leases**
Rentals under operating leases are charged to the statement of financial activities on a straight-line basis over the lease term.
## **2 Company Status**
The charity is a company limited by guarantee and has no share capital. The charity is incorporated in England.
In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
The members of the charity are the trustees named on page 1.
Page 14
## **Peredur Trust Notes to the Accounts**
|**3 Statement of Financial Activities - prior year**
**Unrestricted**
**funds**
**2022**
**£**
**Income**
**Income and endowments from:**
Charitable activities
303,663
Investments
10,266
Other
264
314,193
**Expenditure**
**Expenditure on:**
Charitable activities
272,383
272,383
41,810
Net gains/(losses) on
investments
-
41,810
41,810
**_Reconciliation of funds:_**
4,514,678
4,556,488
**_Total_**
**_Total_**
**Net income/(expenditure) before**
**investment gains/(losses)**
**Net income/(expenditure)**
**Other recognised** **gains/(losses):**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**|**Restricted**
**income**
**funds**
**2022**
**£**
-
-
-
-
-
-
5,000
5,000|**Total**
**funds**
**2022**
**£**
303,663
10,266
264|
|---|---|---|
|||314,193|
|||272,383|
|||272,383|
|||41,810
-|
|||41,810|
|||41,810
4,519,678|
|||4,561,488|
Page 15
## **Peredur Trust Notes to the Accounts**
## **4 Donations and Legacies**
|**Unrestricted**
**funds**
**£**
Appeals and donations
400
400
**Incoming resources from charitable activities**
**Unrestricted**
**funds**
**£**
**_Primary Purpose_**
**_Trading:_**
Pottery income
1,771
Craft sales
2,500
Book sales
1,795
Farm income
22,519
Supporting People Income
Local Authority funded support
124,350
Self funded support
14,342
Monthly charges
26,053
Respite income
2,450
Non resident support
15,016
Housing benefit
100,008
Self funded rent
18,243
329,047
**Contractual income from government or public**
**authorities**|**Restricted**
**income**
**funds**
**£**
-
-
**Restricted**
**income**
**funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-|**Total**
**funds**
**2023**
**£**
400
400
**Total**
**funds**
**2023**
**£**
1,771
2,500
1,795
22,519
124,350
14,342
26,053
2,450
15,016
100,008
18,243
329,047|**Prior year**
**funds**
**2022**
**£**
-|
|---|---|---|---|
||||-|
||||**Prior year**
**funds**
**2022**
**£**
4,470
-
2,313
35,205
110,008
12,645
27,612
-
-
89,910
21,500|
||||303,663|
## **5 Incoming resources from charitable activities**
Page 16
## **Peredur Trust Notes to the Accounts**
## **6 Investment income**
|Property rental
Land rental income
Interest on cash deposits
**7 Other income**
Profit/Loss on sale of fixed assets
**8**
**Direct costs**
Stock movements
Groceries
Volunteer expenses
Purchases
Resident activities - Pottery
Residents activities - Bakery
**Expenditure on charitable activities**|**Unrestricted**
**funds**
**£**
1,760
19,748
2,928
24,436
**Unrestricted**
**funds**
**£**
-
-
**Unrestricted**
**£**
1,068
559
112
12,081
145
1,935
15,900|**Restricted**
**income**
**funds**
**£**
-
-
-
-
**Restricted**
**income**
**funds**
**£**
-
-
**Restricted**
**£**
-
-
-
-
-
-
-|**Total**
**funds**
**2023**
**£**
1,760
19,748
2,928
24,436
**Total**
**funds**
**2023**
**£**
-
-
**Total**
**2023**
**£**
1,068
559
112
12,081
145
1,935
15,900|**Prior year**
**funds**
**2022**
**£**
6,219
3,462
585|
|---|---|---|---|---|
|||||10,266|
|||||**Prior year**
**funds**
**2022**
**£**
264|
|||||264|
|||||**Prior year**
**2022**
**£**
(209)
2,419
119
10,987
241
1,211|
|||||14,768|
Page 17
## **Peredur Trust Notes to the Accounts**
|**Support costs**
Wages and salaries
Staff NIC (Employers)
Pensions
Staff training
Rent and rates
Light, heat and power
Insurance
Building Repairs and
maintenance
Equipment repairs and
renewals
Telephone and fax
Printing, postage and
stationery
Subscriptions
Charitable donations
Sundry expenses
Cleaning
Owned vehicle expenses
Travel and subsistence
Consultancy fees
Legal and professional
fees
Bank charges
Depreciation
Total Support Costs
**Governance Costs**
Cost of trustee meetings
Accountancy fees
The audit or independent
examination of the
charity's accounts
Total Governance Costs
**Total Charitable Expenditure**|**Unrestricted**
**£**
182,496
10,569
4,242
-
7,632
18,623
18,160
12,591
6,703
4,941
762
3,025
-
1,535
1,636
-
11,692
18,234
627
104
1,601
305,173
111
6,000
3,420
9,531
330,604|**Restricted**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total**
**2023**
**£**
182,496
10,569
4,242
-
7,632
18,623
18,160
12,591
6,703
4,941
762
3,025
-
1,535
1,636
-
11,692
18,234
627
104
1,601
305,173
111
6,000
3,420
9,531
330,604|**Prior year**
**2022**
**£**
152,073
8,570
5,662
1,289
4,578
13,055
15,858
3,114
13,459
3,196
561
2,551
105
1,347
46
-
15,875
7,120
-
109
1,702|
|---|---|---|---|---|
|||||250,270|
|||||78
3,847
3,420|
|||||7,345|
|||||272,383|
Page 18
## **Peredur Trust Notes to the Accounts**
## **9 Net income/ expenditure**
Net income/expenditure is stated after charging:
|Net income/expenditure is stated after charging:|||
|---|---|---|
||**2023**|**2022**|
||**£**|**£**|
|Auditors' / Examiners' remuneration|3,420|3,420|
|Depreciation of tangible fixed assets|1,601|1,702|
## **10 Staff costs**
The average monthly number of employees during the year was as follows:
|Staff in charitable
activities
Volunteers (nos of people involved excluding Trustees)
The aggregate payroll costs of these persons were as follows:
Wages and salaries
Social security
Pensions
Total employee benefits received by key management personnel|**2023**
**Number**
**2023**
**£**
182,496
10,569
4,242
197,307
48,301|**2022**
**Number**|
|---|---|---|
|||**2022**
**£**
152,073
8,570
5,662|
|||166,305|
|||48,431|
No employee received emoluments in excess of £60,000 in either the current or the prior year.
The charity operates a defined contributions 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 period were £nil (2022 £nil).
## **11 Trustees' remuneration and expenses**
Trustees received no remuneration, benefits in kind or expenses during thecurrent or prior year.
## **Related parties:**
|**Related parties:**|||
|---|---|---|
||**2023**|**2022**|
||**£**|**£**|
|PDP Green Consulting Ltd of which trustee Paul Frondella is a trustee|||
|received payments for consulting work on planning permisison as|-|23,502|
|follows:|||
Page 19
## **Peredur Trust Notes to the Accounts**
## **12 Tangible fixed assets**
|**Cost**
As at 1 October 2022
Additions
As at 30 September 2023
**Depreciation**
As at 1 October 2022
Charge for the year
As at 30 September 2023
**Net Book Value**
As at 30 September 2023
As at 30 September 2022|**Freehold**
**interest in**
**land and**
**buildings**
**(including**
**heritage**
**assets)**
**£**
2,851,372
73,206
2,924,578
-
-
-
2,924,578
2,851,372|**Plant and**
**machinery**
**including**
**motor**
**vehicles**
**£**
183,409
3,516
186,925
176,556
1,123
177,679
9,246
6,853|**Fixtures,**
**fittings**
**and**
**equipment**
**£**
3,302
-
3,302
1,577
478
2,055
1,247
1,725|**Total**
**£**
3,038,083
76,722
3,114,805
178,133
1,601
179,734|
|---|---|---|---|---|
|||||2,935,071|
|||||2,859,950|
## **13 Investments**
|**Market value**
As at 30 September 2022
As at 30 September 2023|**Investment**
**Properties**
**£**
160,000|
|---|---|
||160,000|
## **14 Stocks**
Stock
|**2023**|**2022**|
|---|---|
|**£**|**£**|
|12,365|13,643|
Page 20
## **Peredur Trust Notes to the Accounts**
## **15 Debtors**
|**Debtors**|||
|---|---|---|
|Trade Debtors
Accrued income
Prepayments
Other debtors|**2023**
**£**
53,528
28,546
12,558
64,353
158,985|**2022**
**£**
16,312
22,142
-
1,353|
|||39,807|
## **16 Creditors: Amounts falling due within one year**
|Trade creditors
Accruals and deferred income
**Analysis of funds**
**As at 1**
**October**
**2022**
**£**
**Restricted Funds**
Art and education fund
5,000
5,000
**General Funds**
Unrestricted funds
2,817,385
Fair value reserve
158,883
Revaluation reserve
1,580,220
Total Unrestricted funds
4,556,488
Total funds
4,561,488|**Incoming**
**Resources**
**£**
-
-
353,881
-
-
353,881
353,881|**Resources**
**Expended**
**£**
-
-
(330,604)
-
-
(330,604)
(330,604)|**2023**
**£**
10,177
6,623
16,800
**Transfers**
**£**
-
-
-
-
-
-
-|**2022**
**£**
3,252
5,848|
|---|---|---|---|---|
|||||9,100|
|||||**As at 30**
**September**
**2023**
**£**
5,000|
|||||5,000|
|||||2,840,662
158,883
1,580,220|
|||||4,579,765|
|||||4,584,765|
## **20 Analysis of funds**
Page 21
## **Peredur Trust Notes to the Accounts**
## **21 Net assets by fund**
|Tangible assets
Investments
Current assets
Creditors: Amounts falling
due within one year
Net Assets|**Unrestricted**
**funds**
2,935,071
160,000
1,501,494
(16,800)
4,579,765|**Restricted**
**income funds**
-
-
5,000
-
5,000|**Total funds**
2,935,071
160,000
1,506,494
(16,800)
4,584,765|**Prior year**
**funds**
2,859,950
160,000
1,550,638
(9,100)|
|---|---|---|---|---|
|||||4,561,488|
Page 22