2022-07-31-accounts - Peta Limited

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Trustees Annual Report.				I
Independent Auditops Report to	the Members of PETA Limited ...			. IO
Statement of Financial Activities,	incorporating	an Income and Expenditure	account, for the
period ending 3 I July 2022..				.I3
Balance Sheet as at 31 July 2022...				.14
Cash Flow Statement for the period ended 3 I		July 2022..		.IS
Notes on Financial Statements ..				.16

	Note	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Funds	Funds	Funds	Funds	Funds	Funds
		2022	2022	2022	2021	2021	2021
Income and endowments
from:
Choritob/e octivioes
- Government income		2,367,923		2,367,923	2,269,662		2,269,662
—Commercial income		1,550,937		1,550,937	1,251,524		1,251,524
Investment ond other income
- Grant income			7,346	7,346		17,246	17,246
- Investment income		2,669		2,669	2,828		2,828
- Membership fees - Rental income		73,745 41,021		73,745 41,021	71,258 41,896		71,258 41,896
Total		4,036,295	7,346	4,043,641	3,637,168	17,246	3,654,414
Expenditure on: Charitable activities	4	4,090,494	7,346	4,097,840	3,756,328	17,246	3,773,574
Total		4,090,494	7,346	4,097,840	3,756,328	17246	3773574
Net income/(expenditure)		(54,199)		(54,199)	(119,160)		(119,160)
Transfers between funds		500	(500)		500	(500)
Other recognised gains
/(losses)a
Gains/(losses) on revaluation
offixed assets
Net movements in funds		(53,699)	(500)	(54,199)	(118,660)	(500)	(119160)
Reconciliation ofFunds:
Total funds brought forward		5,272,897	4,000	5,276,897	5,391,557	4,500	5,396,057
Total funds carried forward		5,219,198	3,500	5,222,698	5,272,897	4,000	5,276,897

			Note	2022	2021
Fixed assets
Tangible assets			10	3,770,190	3,917,899
Investments				500,001	500,001
				4,270,191	4,417,900
Current assets
Stocks			12	13,339	13,599
Debtors			13	525,383	554,300
Cash at banl& and in hand				1,318,672	1,271,497
				1,857,394	1,839,396
Current Liabilities
Creditors: Amounts year	falling	due within one	14	(469,555)	(489,974)
Net current assets				1,387,839	1,349,422
Total assets less current		liabilities		5,658,030	5,767,322
Creditors: Amounts than one year	falling	due after more	15	(354,532)	(409,625)
Provisions for Liabilities				(80,800)	(80,800)
Net Assets				5,222,698	5,276,897
The funds ofthe charity
Restricted Funds			17	3,500	4,000
Unrestricted Funds			17	4,423,403	4,477,102
Revaluation reserve
			17	795,795	795,795
Total Charity Funds				5,222,698	5,276,897

			Note	2022	2021
Cash flows from	operating	activities
Net cosh provided	by (used	in) operating activities	19	140,919	(110,271)
Cash flows from	investing	activities
Dividends, interest	and rents	from investments		43,690	44,724
Proceeds from sale	of property, plant and equipment
Purchase of property, plant and equipment				(68,356)	(121,762)
Net cosh provided	by (used	in) investing octivities		(24,666)	(77,038)
Cash flows from	financing	activities
Repayments of borrowing				(69,078)	(54,437)
Net cosh provided	by (used	in) financing octivities		(69,078)	(54,437)
Change in cash and cash equivalents in the reporting				47,175	(241,746)
period
Cash and cash equivalents		at I August 2021	20	1,271,497	1,513,243
Cash and cash equivalents		at 31 July 2022	20	1,318,672	1,271,497

Operating	Surplus	Surplus
									2022		2021
Operating		Surplus	is	stated		after charging:
Staff costs	(note 7)								2,428,920		2,204,033
Deficit on	disposal of		fixed		assets				6,283		1,057
Depreciation		- Owned	assets						208,957		217,465
Depreciation		- Leasehold		property					825		825
Trustee's	Emoluments		(included			in Staff	costs) of
which:
Trustee's	Pension Contributions
Auditors	Remuneration			-	as auditors				7,280		7,000
					accountancy		services
Expenditure		on Charitable				Activities
						Direct		Other	Support
						Staff		Direct	Costs	Total 2022	Total 2021
						Costs		Costs	(note 5)
Government services						859,526		646,436	194,868	1,700,830	1,873,424
Commercial services						1,184,711		794,062	418,237	2,397,0 I0	1,900.150
		Total	2022			2,044,237		1,440,498	613,105	4,097,840
		Total	2021			1,801,783		1,365,569	606,222		3,773,574

			Charity Standards	fvianagement	Governance	Total 2022	Total 2021
			&Systems	Services	(note 6)
			6
Government services			49,536	119,861	25,471	194,868	194,241
Commercial			94,320	298,444	25,473	418,237	411,981
services
	Total	2022	143,856	418,305	50,944	613,105
	Total	2021	143,285	411,797	51,140		606,222

Governance
		2022	2021
		6	6
Staff Costs		33,227	34,570
Audit Fees		7,280	7,000
Trustee Expenses	and Insurance	1,899	2,415
Other Costs		8,538	7,155
	Total	50,944	51,140

Trustees and Employees
	2022	2021
Staffcosts including Trustees emoluments
Wages and salaries	1,983,889	1,838,710
Social Security costs	201,275	161,698
Pension costs	243,756	203,625
	2,428,920	2,204,033

	2022	2021
	Number	Number
Management	12
Administration	18	17
Field	23	24
Trainers	14	12
	67	64

		2022	2021
			E
Interest	Receivable	(2,669)	(2,828)
Interest	Payable	12,578	12,062
		9,909	9,234

Tangible Fixed	Assets
					Leasehold
	Plant ga		Office	Leasehold	Improve
	Nachinery	Computers	Equipment	Premises	-ments	Total
Total		E		E	E	E
Cost
Balance at I August 2021	530,458	780,242	270,175	3,978,237	358,650	5,917,762
Additions	29,719	17,351	3,489		17,797	68,356
(Disposals)	(79,772)	(3,743)	(672)			(84,187)
Balance at 31 July 2022	480,405	793,850	272.992	3,978,237	376,447	5,901,931
Depreciation
Balance at I August 2021	419,383	665,941	231,699	602,238	80,602	1,999,863
Provided during the period	25,450	71,650	9,045	67,140	36,497	209,782
(Disposals)	(73,791)	(3,743)	(370)			(77,904)
Balance at 31 July 2022	371,042	733,848	240,374	669,378	117,099	2,131,741
Net BookValue at 31 July 2022	109,363	60,002	32,618	3 308859	259,348	3,770,190
Net BookValue at	111,075	114,301	38,476	3,375,999	278,048	3,917,899

				2022
			Investment	Unlisted
			Property	Shares	Total	2021
Cost/Valuation
Carrying	Value at	I August 2021	500,000		500,001	500,001
Additions	revaluation
Balance at 31 July		2022	500,000		500,001	500,001

Stocks
		2022	2021
General	Stocks	13,339	13,599

13.	Debtors
					2022	2021
	Amounts	falling due		within one year
	Trade Debtors				398,529	420,751
	Prepayments				126,854	133,549
					525,383	554,300
14.	Creditors:	Amounts		falling due within one year
					2022	2021
	Trade Creditors				79,594	103,007
	Mortgage				56,500	56,500
	Accruals				51,408	113,916
	Deferred Income				133,332	100,490
	Government	Agency			11,617
	Other Taxation		and Social Security		137,104	116,061
					469,555	489,974

Creditor	s: Amounts falling due after	one year
		2022	2021
Mortgage		353,125	409,625
Deferred	Income	1,407
		354,532	409,625

At 31 July 2022 the Charity had future minimum ollows:	lease payments under non-can	cellable operating lea
	Land	& Buildings
	2022	2021
Not later than one year	51,297	51,297
Later than one year and not later than five years	205,188	205,188
Later than five years	227,063	278,359
		Other
	2022	2021
Not later than one year	15,152	11,482
Later than one year and not later than five years	21,533	3,246
Later than five years

	Land & Buildings	Land & Buildings
	2022	2021
Not later than one year	42,100	42,100
Later than one year and not later than five years	115,775	157,875
Later than five years

			Fund					Fund
			balances				Gains	balances
			brought		Expend-		and	carried
			forward	Income	iture	Transfers	losses	forward
				6	6	6
Unrestricted		funds	4,477,102	4,036,295	(4,090,494)	500		4,423,403
Unrestricted revaluation		funds-Property reserve	795,795					795,795
Restricted	funds		4,000	7,346	(7,346)	(500)		3,500
Closing funds			5,276,897	4,043,641	(4,097,840)			5,222,698

			2022			2021
		Fixed Assets	Net Current Assets	Long Term Liabilities	Total	Total
Unrestricted	Funds	4,266,69 1	1,387,839	(435,332)	5,219,198	5,272,897
Restricted	Funds	3,500			3,500	4,000
Closing funds		4,270,191	1,387,839	(435,332)	5,222,698	5,276,897

Reconciliation	ofchanges	in resources to net cash flow from operating	in resources to net cash flow from operating	in resources to net cash flow from operating
				2022	2021
Changes in resources				(54,199)	(119,160)
Rent receivable				(41,021)	(41,896)
Interest receivable				(2,669)	(2,828)
Interest paid				12,578	12,062
Depreciation				209,782	218,290
Deficit on disposal	oftangible	fixed assets		6,283	1,057
(Increase)/decrease	in debtors			28,917	(191,330)
Increase/(decrease)	in creditors			(19,012)	18,492
(Increase)/decrease	in stocks			260	(4,958)
Net cash (outflow)/inflow from operating			activities	(140,919)	(110,271)

							2022
						31july 2022	Cashflow	I August 2021
Cash	at	bank	and	in	hand	1,318,672	47,175	1,271,497

Analysis ofchanges in net debt
				2022
	I	August	Cashflows	Other non-cash changes	31July 2022
Cash and cash equivalents
Cash		1,271,497	47,175		1,318,672
Overdrafts
Cash equivalents
		1,271,497	47,175		1,318,672
Borrowings
Debt due within one year		(42,375)			(56,500)
Debt due after one year		(423,750)	56,500		(353,125)
		(466,125)	56,500		(409,625)
Total		805,372	103,675		909,047

			Balance	Balance
		Turnover (Excl	Outstanding (Inc I YAT)	Outstanding (Incl YAT)
		YAT) 2022	as at 31July 2022	as at 31July 2021
Daniamant Ltd		6,228		150
DKW Engineering		1,368	26
Mimtec Ltd		358		20
Pall Manufacturing UK Ltd		40,807	1,370	12,535
Portsmouth Aviation	Ltd	12,802	886	2,075
Raymarine UK Ltd		799
Hamble Aerostructures Ltd Geest Line Ltd		11,599 1,374		17,118
Southampton Solent	University
Southampton University
Safran Heli«opter Engines UK Ltd		21,973	1,984	3,319