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 2024 Andrew Fisher BA FCA The Alanbrookes Group Ltd 24 Glove Factory Studios 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 7 Statement of financial activities……………………………………………….…8 Balance Sheet…………………………………………………………………… 9 Statement of Cash flows…................................................................................... 10 Notes to the financial statements……………………………………...…………11 to 21 **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 (Resigned 11|October 2024)| ||Phillip Kennen|| ||Lorna Vanier|| ||Dawn Wainwright|| |**Key management personnel**|Terri Wilkins|Chief Executive Officer| |**Bankers**|CAF Bank Ltd|The Co-operative Bank| ||25 Kings Hill Avenue|1 Balloon Street| ||West Malling|Manchester| ||Kent|M4 4BE| ||ME19 4JQ|| |**Auditor**|Andrew Fisher BA FCA|| ||The Alanbrookes Group Ltd|| ||24 Glove Factory Studios|| ||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 2024 ## **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 this period the support service team consisted of six team members employed (including the service manager) and one volunteer. Peredur housing element is represented by the CEO and Sites & Resource Manager. Staff pay rates were reviewed in line with the ‘Real Living Wage’ rate used by Cornwall Council, management pay rates increased accordingly. Peredur Trust tendered for the Cornwall Council approved provider agreement for Housing & Support Solutions (LOT 1/B), and were successful, the service commenced on the new contract on 28th September 2024. As well as opportunities for further commissioning this will provide more stability for a sustainable future in service provision and will ensure we receive the uplifts entitled regularly as an approved provider. Page 2 **Peredur Trust Trustees' Report** The purchase of The Retreat property (for charity use to offer more choice in independent living) completed on 16th October, 2023. The property is currently rated as domestic and will need modification to maximise its potential for supported housing. There is also the potential to make use of/invest in renewable energy. Land in East Grinstead finally sold for 200k in December 2023, 17.65 acres of pasture which was owned by the Trust. Due to close proximity to residential properties on the access, one field of around 2 acres at the North end has been retained to explore the possibility of obtaining outline planning for development of possibly 2 to 3 houses, which would give a higher return. The enhanced housing benefit review for Trebullom Farm was concluded on 30th September 2024 providing a transparent breakdown of the exempt housing benefit and an increase A charity/community bank account with the Cooperative Bank was opened in February 2024, with the intent of closing the Barclays accounts as it was agreed they would provide a better service and be more appropriate for our activities and ethos. We were not successful in closing the Barclays accounts by September end 2024. We said farewell to Karin Rudel; the wife of our founder (Siegfried Rudel) who passed away on the 29th November, 2023 Forever remembered, RIP ## **Financial review** The operating income for the year was £360,641 (2023 - £353,881) with expenditure of £360,646 (2023 - £330,604) leaving a deficit on operating activities of £5 (2023 - £23,277). ## **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. Page 3 Peredur Trust Trustees, Report Structure* governance and management Incorporation: The Peredur Trust was incorpornted on 17th of January 1980 and Tegistered wlth the Charity Commission on the 30th of June 1980. Organisational structure: The members of the Board of TnLStees are shown on page 2. The T￿￿te¢S meet fiv¢ to six times a year and mainlain regular contact with ￿￿￿geMent. Trusteeslmembers ate appointed by the board. proposals can be ac￿pted from the ￿ard or managemen¢ or from associates. Trustee Responsibilities The Trustees ar¢ resw)nsible for keeping proper arxounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the fmancial statements comply with the Charities Act 2011. the Companics Act 2006 and thc applicable Statement of Recommended Practice. The Trusttts are also responsible for safeguarding the a￿ts of the ¢harity and hence tsking r&gsonabl¢ steps for the prevention and dete¢tion of fraud aTKI other irregularitie& In so far as the ITUStees are aware: there is no relevant infomi*ion of which the charitable company's auditor is unaware" the trustees have taken all s*PS that they ought to have taken as truslees to make themselves awa￿ of any relevant inforn)ation and to establish that the auditor is aware of that inforniation. Small Company Prov￿10￿8 This report has been prepared in accordance with the small companies Tegime under the Companies Act 2006. Approved by the Board on 21st May 2025 and signed on its behalf by: hilip Kennen Trustee ## **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 2024, 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 2024 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. 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. Page 5 ## **Independent Auditor's Report to the Members of Peredur Trust** 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. ## **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. Page 6 Independent Auditor's Report to the Members of Peredur Trust Based on our understanding of the Company and itidusty. we evaluated that the principal risks of non- complian¢¢ with laws and regulations ielated to UK tsx legislation. Health and Safety Executive legislatio Employm¢ut Law, Data PrOt￿tIon legislation and implementation of govenllnent support schemes {CoronaYirns Job Retention Scheme), and we constdered the extent to which non-compliance might have a material effect on the fmancial sÉatement¥. We also considered those laws and regulations that have a dtrecl impact on the financial stAtements such as the Companies Act 2006. We evaluated management's incentives aDd opportiunities for fraudulent manipulation of the financial statements (including override of controls). Audit pro¢edvre5 perfonned Included.. . Evaluating management's controls designed to prevent and dctect irregularities" . Reviewing Board meeting mtnutes to identify non-compliance. . Substantive testing of specific transactions and balances. Although we have nothing adverse to report in ter2ns of the results of tbe procedures listed above, there are inherent limitations in such procedures. We are less likely to become aware of non-compliance witb laws and regulations that are not closely related to events and tr&nsactions reflected An the finan¢ial statements. Also, the risk of not detecting a material rnisstatement due to fraud is bigher than the risk of tlot detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, OT through collusion. A furtheT de3CTiptiop of our responsibilities for the audit of the accounts is locatixl on the Financial Reporting Council's website at www.frc.org.uklauditorsr¢sponsibililies. This description fonns part of OUT auditoes report. Use of tbis report This report is made solely to the company's members, as a body, in accordance with Cbdpter 3 ofpart 16 of the Companies Act 2006. Our audit work has been u￿dertaken 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 pvrpose. To th¢ thll¢st extent pcrmitted by law, wc do not acc**funds**|**income**
**funds**||**Total**
**funds**|**Prior year**
**funds**| |||**2024**|**2024**||**2024**|**2023**| |||**£**|**£**||**£**|**£**| |**Income and endowments**|**from:**|||||| |Donations and
legacies|4|2,000||-|2,000|400| |Charitable activities|5|343,470||-|343,470|329,046| |Investments|6|15,171||-|15,171|24,435| |**_Total_**||360,641||-|360,641|353,881| |**Expenditure on:**||||||| |Charitable activities|8|360,646||-|360,646|330,604| |**_Total_**||360,646||-|360,646|330,604| |**Net income/(expenditure)**||||||| |**before investment gains/(losses)**||(5)||-|(5)|23,277| |Net gains/(losses) on
investments|7|51,426||-|51,426|-| |**Net income/(expenditure)**||51,421||-|51,421|23,277| |Other gains/(losses)||-||-|-|-| |**_Net movement in funds_**||51,421||-|51,421|23,277| |**_Reconciliation of funds:_**||||||| |Total funds brought||4,579,765|5,000||4,584,765|4,561,488| |**_Total funds carried_**
**_forward_**||4,631,186|5,000||4,636,186|4,584,765| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities Page 8 Peredur Trust Balance Sheet As at 30 September 2024 2024 2023 Note Fixed Assets Tangible Ass¢ts Investrnents 12 13 3,713.056 23.038 3.736.094 2,935,071 160.000 3.095.071 Current Assets Stocks and work in progress tkbtors Cash at bank and in hand 14 10.020 12,365 12 108,937 798.165 917.122 158.985 1,335,144 1,506.494 Creditors: Amounts falling due within one year 13 (17.030) (16,8[￿) Net eurrent assets 9(Kl.092 1.489.694 Total a￿ets less curreDt liabilities 4.636,186 4.636 186 4.584,765 4.584 765 Net assets Tbe funds of the eharity: RestrA¢ted fund$ 5.000 Unrestricted fuDds Other reserves Unrestricted income funds Total unrestricted funds 4,569256 61.930 3,095,501 1.484.264 4.631,186 4,579,765 Total charity funds 4636 186 4 584 765 These accounts have been prepared in accordance with the sFttial provisions of Part 15 of the Companies Act 2006 relating to small companics. For the year ended 30 September 2024 the company w&$ entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members hav¢ not required the company to obtain an audit in accordance with section 476 of the Companies Act 2(M)6. The directors acknowledge their respM)nsibilities for complying with thc requirements of the Companies Act 2006 with respcct to accounting records and thc preparation of accounts. edby e Board on 2 1st May 2025 and signed on its behalf by: App Phi ipKc T￿￿te¢ Pag¢ 9 **Peredur Trust Statement of Cash Flows** ## **As at 30 September 2024** |**2024**
**£**
**Cashflows from operating activities**
(5)
**Adjustments for:**
Depreciation of property, plant and equipment
1,310
Profit on disposal of tangible fixed assets
-
Dividends, interest and rents from investments
(15,171)
Decrease/(Increase) in stocks
2,345
(Increase)/Decrease in trade and other receivables
50,048
Increase/(Decrease) in trade and other payables
230
**Net cash provided by /(used in) operating activities**
38,757
**Cashflows from investing activities**
Purchase of property, plant and equipment
(779,295)
Sales of property, plant and equipment
188,388
Dividends, interest and rents from investments
15,171
**Net cash provided by /(used in) investing activities**
(575,736)
**Net (decrease)/increase in cash and cash equivalents**
(536,979)
**Cash and cash equivalents at the beginning of the year** 1,335,144
**Cash and cash equivalents at the end of the year**
**798,165**
**Components of cash and cash equivalents:**
Cash at bank and in hand
798,165
**798,165**
Net income per Statement of Financial Activities|**2023**
**£**
23,277
1,601
-
(24,435)
1,278
(119,178)
7,700| |---|---| ||(109,757)
(76,722)
-
24,435| ||(52,287)
(162,044)
1,497,188| ||**1,335,144**| ||1,335,144| ||**1,335,144**| 10 **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. Page 11 ## **Peredur Trust Notes to the Accounts** Tax reclaims on donations and gifts are included in the accounts at the same time as the gift/donation to which it relates 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:- Freehold property - 4% straight line Plant and machinery -10% straight line Fixtures and fitting -10% straight line Those assets with an expected useful life greater than 10 years are depreciated over their full life. This ranges up to 25 years. ## **1.7 Taxation** The charity is exempt from corporation tax on its charitable activities. Page 12 **Peredur Trust Notes to the Accounts** ## **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. ## **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 straightline basis over the lease term. ## **1.14 Foreign currencies** Transactions denominated in foreign currencies are translated at the rate of exchange ruling at the date of the transaction. Foreign currency balances are translated at the rate of exchange ruling at the balance sheet date and the resultant exchange rate differences are included in the statement of financial activities. ## **1.15 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 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 13 **Peredur Trust Notes to the Accounts** ## **3 Statement of Financial Activities - prior year** |**Income**
**Income and endowments from:**
Donations and legacies
Charitable activities
Investments
**Expenditure**
**Expenditure on:**
Charitable activities
Net gains/(losses) on
investments
Other gains/(losses)
**_Reconciliation of funds:_**
**_Total_**
**_Total_**
**Net income/(expenditure) before**
**investment gains/(losses)**
**Net income/(expenditure)**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**|**Unrestricted**
**funds**
**2023**
**£**
400
329,046
24,435
353,881
330,604
330,604
23,277
23,277
23,277
4,556,488
4,579,765|**Restricted**
**income**
**funds**
**2023**
**£**
-
-
-
-
-
-
-
-
-
5,000
5,000|**Total funds**
**2023**
**£**
400
329,046
24,435| |---|---|---|---| ||||353,881| ||||330,604| ||||330,604| ||||23,277
-| ||||23,277
-| ||||23,277
4,561,488| ||||4,584,765| Page 14 ## **Peredur Trust Notes to the Accounts** ## **4 Donations and Legacies** |**Unrestricted**
**funds**
**£**
Appeals and donations
2,000
2,000
**Incoming resources from charitable activities**
**Unrestricted**
**funds**
**£**
**_Primary Purpose Trading:_**
Pottery Income
2,227
Craft Sales
-
Book Sales
1,854
Farm Income
25,497
**Supporting People**
**Income**
Local Authority funded support
129,123
Self funded support
15,586
Monthly charges
30,641
Respite income
(1,923)
Non resident support
21,563
**Housing income**
Housing Benefit
118,902
Self funded rent
-
343,470|**Restricted**
**income**
**funds**
**£**
-
-
**Restricted**
**income**
**funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-|**Total funds**
**2024**
**£**
2,000
2,000
**Total funds**
**2024**
**£**
2,227
-
1,854
25,497
129,123
15,586
30,641
(1,923)
21,563
118,902
-
343,470|**Prior year**
**funds**
**2023**
**£**
400| |---|---|---|---| ||||400| ||||**Prior year**
**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| ## **5 Incoming resources from charitable activities** Page 15 ## **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 investment assets
**8**
**Direct costs**
Stock movements
Resident activities - Pottery
Resident activities - Bakery
Groceries
Volunteer expenses
Purchases
**Expenditure on charitable activities**|**Unrestricted**
**funds**
**£**
960
11,669
2,542
15,171
**Unrestricted**
**funds**
**£**
45,922
45,922
**Unrestricted**
**£**
297
769
-
11,855
219
3,266
16,406|**Restricted**
**income**
**funds**
**£**
-
-
-
-
**Restricted**
**income**
**funds**
**£**
-
-
**Restricted**
**£**
-
-
-
-
-
-
-|**Total funds**
**2024**
**£**
960
11,669
2,542
15,171
**Total funds**
**2024**
**£**
45,922
45,922
**Total**
**2024**
**£**
297
769
-
11,855
219
3,266
16,406|**Prior year**
**funds**
**2023**
**£**
1,760
19,748
2,928| |---|---|---|---|---| |||||24,436| |||||**Prior year**
**funds**
**2023**
**£**
-| |||||-| |||||**Prior year**
**2023**
**£**
1,068
559
112
12,081
145
1,935| |||||15,900| Page 16 ## **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
Travel and subsistence
Advertising & Marketing
Consultancy fees
Legal and professional fees
Bank charges
Depreciation
Total Support Costs
**Governance Costs**
Cost of trustee meetings
Accountancy fees
The audit of the charity's
accounts
Total Governance Costs
**Total Charitable Expenditure**|**Unrestricted**
**£**
193,641
12,519
3,539
2,474
11,198
25,681
23,775
9,739
6,897
3,693
394
3,371
259
1,914
2,773
20,658
15
8,080
1,260
74
1,310
333,264
166
7,390
3,420
10,976
360,646|**Restricted**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total**
**2024**
**£**
193,641
12,519
3,539
2,474
11,198
25,681
23,775
9,739
6,897
3,693
394
3,371
259
1,914
2,773
20,658
15
8,080
1,260
74
1,310
333,264
166
7,390
3,420
10,976
360,646|**Prior year**
**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| Page 17 ## **Peredur Trust Notes to the Accounts** ## **9 Net income/ expenditure** Net income/expenditure is stated after charging: |Net income/expenditure is stated after charging:||| |---|---|---| ||**2024**|**2023**| ||**£**|**£**| |Auditors' remuneration|3,420|3,420| |Depreciation of tangible fixed assets|1,310|1,601| ## **10 Staff costs** The average monthly number of employees during the year was as follows: ||**2024**|**2023**| |---|---|---| ||**Number**|**Number**| |Staff in charitable activities|9|9| |Volunteers (nos of people involved excluding Trustees)||| |The aggregate payroll costs of these persons were as follows:||| ||**2024**|**2023**| ||**£**|**£**| |Wages and salaries|193,641|182,496| |Social security|12,519|10,569| |Pensions|3,539|4,242| ||209,699|197,307| |Total employee benefits received by key management personnel|47,101|48,301| |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: 615 £nil ## **11 Trustees' remuneration and expenses** Trustees received no remuneration, benefits in kind or expenses during the current or prior year. Page 18 ## **Peredur Trust Notes to the Accounts** ## **12 Tangible fixed assets** |**Cost**
As at 1 October 2023
Additions
As at 30 September 2024
**Depreciation**
As at 1 October 2023
Charge for the year
As at 30 September 2024
**Net Book Value**
As at 30 September 2024
As at 30 September 2023|**Freehold**
**interest in**
**land and**
**buildings**
**(including**
**heritage**
**assets)**
**£**
2,924,578
777,952
3,702,530
-
-
-
3,702,530
2,924,578|**Plant and**
**machinery**
**including**
**motor**
**vehicles**
**£**
186,925
-
186,925
177,679
936
178,615
8,310
9,246|**Fixtures,**
**fittings and**
**equiptment**
**£**
3,302
1,343
4,645
2,055
374
2,429
2,216
1,247|**Total**
**£**
3,114,805
779,295
3,894,100
179,734
1,310
181,044| |---|---|---|---|---| |||||3,713,056| |||||2,935,071| ## **13 Investments** |**Market value**
As at 30 September 2023
New investments made during the period
Disposals during the period ()
As at 30 September 2024
**Net book value**
As at 30 September 2023
As at 30 September 2024
All investment assets were held in the UK
Revaluation of investments as at the period end.|**Investment**
**Properties**
**£**
160,000
-
(142,466)
5,504| |---|---| ||23,038| ||160,000
23,038| ||| Page 19 ## **Peredur Trust Notes to the Accounts** |**14 Stocks**
Stocks
**15 Debtors**
Trade Debtors
Accrued income
Prepayments
Other debtors
**16**
Trade creditors
Accruals and deferred income
**Creditors: Amounts falling due within one year**|**2024**
**£**
10,020
10,020
**2024**
**£**
82,883
10,072
14,569
1,413
108,937
**2024**
**£**
10,407
6,623
17,030|**2023**
**£**
12,365| |---|---|---| |||12,365| |||**2023**
**£**
53,527
28,546
12,558
64,353| |||158,984| |||**2023**
**£**
10,177
6,623| |||16,800| Page 20 ## **Peredur Trust Notes to the Accounts** ## **20 Analysis of funds** |**Restricted Funds**
Art and education fund
**General Funds**
Unrestricted funds
**Designated funds**
Fair value reserve
Revaluation reserve
Capital designated reserve
Long term contingency
Development fund
Total Unrestricted funds
Total funds|**As at 1**
**October**
**2023**
**£**
5,000
5,000
1,484,264
158,883
1,580,220
-
-
1,356,398
4,579,765
4,584,765|**Incoming**
**Resources**
**£**
-
-
412,067
-
-
-
-
-
412,067
412,067|**Resources**
**Expended**
**£**
-
-
(360,646)
-
-
-
-
-
(360,646)
(360,646)|**Transfers**
**£**
-
-
(1,473,755)
(136,962)
-
2,133,953
128,128
(651,364)
-
-|**As at 30**
**September**
**2024**
**£**
5,000| |---|---|---|---|---|---| ||||||5,000| ||||||61,930
21,921
1,580,220
2,133,953
128,128
705,034| ||||||4,631,186| ||||||4,636,186| ## **21 Net assets by fund** |Tangible assets
Investments
Current assets
Creditors: Amounts falling
due within one year
Net Assets|**Unrestricted**
**funds**
3,713,056
23,038
912,122
(17,030)
4,631,186|**Restricted**
**income funds**
-
-
5,000
-
5,000|**Total funds**
3,713,056
23,038
917,122
(17,030)
4,636,186|**Prior year**
**funds**
2,935,071
160,000
1,506,494
(16,800)| |---|---|---|---|---| |||||4,584,765| Page 21