| Page | ||||
|---|---|---|---|---|
| Trustees Annual Report |
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| Independent Auditor's Report to |
the Idembers | of PETA Limited .. | .10 | |
| Statement of Financial Activities, | incorporating | an Income and Expenditure | account, for the | |
| period ending 31 July 2023. | .13 | |||
| Balance Sheet as at 31 July 2023.. | .14 | |||
| Cash Flow Statement for the period ended 31 | July 2023. | .15 | ||
| Notes on Financial Statements ... | ..16 |
| Note | Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | |||
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | |||
| Income and endowments | ||||||||
| from: | ||||||||
| Charitable activities |
||||||||
| - Government income |
2,288,910 | 2,288,9 I0 | 2,367,923 | 2,367,923 | ||||
| - Commercial income |
1,749,217 | 1,749,217 | 1,550,937 | 1,550,937 | ||||
| Investment and other income |
||||||||
| - Grant income | 7,346 | 7,346 | ||||||
| - Investment income |
20,067 | 20,067 | 2,669 | 2,669 | ||||
| - Membership fees |
78,341 | 78,341 | 73,745 | 73,745 | ||||
| - Rental mcome | 42,100 | 42,100 | 41,021 | 41,021 | ||||
| Total | 4,178,635 | 4,178,635 | 4,036,295 | 7,346 | 4,043,641 | |||
| Expenditure on: |
||||||||
| Charitable activities |
4 | 4,159,661 | 4,159,661 | 4,090,494 | 7,346 | 4,097,840 | ||
| Total | 4,159,661 | 4,159,661 | 4,090,494 | 7,346 | 4,097,840 | |||
| Net income/(expenditure) |
18,974 | 18,974 | (54,199) | (54,199) | ||||
| Transfers between |
funds | 500 | (500) | 500 | (500) | |||
| Other recognised | gains | |||||||
| I(losses)f | ||||||||
| Gains/(losses) on revaluation |
||||||||
| of fixed assets | ||||||||
| Net movements | in funds | 19,474 | (500) | i8,974 | (53,699) | (500) | (54,199) | |
| Reconciliation of |
Funds: | |||||||
| Total funds brought | forward | 5,219,198 | 3,500 | 5,222,698 | 5,272,897 | 4,000 | 5,276,897 | |
| Total funds carried forward |
5,238,672 | 3,000 | 5,241,672 | 5,219,198 | 3,500 | 5,222,698 |
| Note | 2023 | 2022 | |||
|---|---|---|---|---|---|
| Fixed assets | |||||
| Tangible assets | 10 | 3,784,319 | 3,770,190 | ||
| Investments | 500,101 | 500,001 | |||
| 4,284,420 | 4,270,191 | ||||
| Current assets |
|||||
| Stocks | 12 | 13,339 | 13,339 | ||
| Debtors | 13 | 684,595 | 525,383 | ||
| Cash at bank and in hand | 1,118,508 | 1,318,672 | |||
| 1,816,'142 | 1,857,394 | ||||
| Current Liabilities |
|||||
| Creditors: Amounts year |
falling | due within one | 14 | (481,765) | (469,555) |
| Net current assets | 1,334,677 | 1,387,839 | |||
| Total assets less current | liabilities | 5,619,097 | 5,658,030 | ||
| Creditors: Amounts than one year |
falling | due after more | 15 | (296,625) | (354,532) |
| Provisions for Liabilities | (80,800) | (80,800) | |||
| Net Assets | 5,241,672 | 5,222,698 | |||
| The funds ofthe charity | |||||
| Restricted Funds |
17 | 3,000 | 3,500 | ||
| Unrestricted Funds |
17 | 4,442,877 | 4,423,403 | ||
| Revaluation reserve |
17 | 795,795 | 795,795 | ||
| Total Charity Funds |
5,241,672 | 5,222,698 |
| Note | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|
| Cash flows from | operating | activities | |||||
| Net cosh provided | by (used | in) operating | activities | 19 | 25,132 | 140,919 | |
| Cash flows from | investing | activities | |||||
| Dividends, interest |
and rents | from investments | 62,167 | 43,690 | |||
| Proceeds from sale | of property, plant and |
equipment | |||||
| Purchase of property, plant and equipment |
(213,348) | (68,356) | |||||
| Purchase ofshares | in subsidiary | (100) | |||||
| Net cosh provided | by (used | in) investing | octivities | (151,281) | (24,666) | ||
| Cash flows from | financing | activities | |||||
| Repayments of borrowing |
(74,015) | (69,078) | |||||
| Net cash provided | by (used | in) financing | activities | (74,015) | (69,078) | ||
| Change in cash and cash equivalents period |
in | the reporting | (200,164) | 47,175 | |||
| Cash and cash equivalents | at I August |
2022 | 20 | 1,318,672 | 1,271,497 | ||
| Cash and cash equivalents | at 31July 2023 | 20 | 1,118,508 | 1,318,672 |
| All assets | are | originally | recorded at cost. Items below 6250 are not capitalised. Depreciation |
recorded at cost. Items below 6250 are not capitalised. Depreciation |
recorded at cost. Items below 6250 are not capitalised. Depreciation |
recorded at cost. Items below 6250 are not capitalised. Depreciation |
recorded at cost. Items below 6250 are not capitalised. Depreciation |
recorded at cost. Items below 6250 are not capitalised. Depreciation |
offixed assets is | offixed assets is |
|---|---|---|---|---|---|---|---|---|---|---|
| calculated | to write offtheir cost or valuation | less any residual | value over their estimated | useful | lives as follows: | |||||
| Leasehold | buildings | - long lease | 2% - |
cost | ||||||
| —Access Point | over reducing | years - written down |
value | |||||||
| 2022/2023 35 | years 2.9%(2021/2022 36years 2.8%) | |||||||||
| - short lease | evenly over | the term ofthe lease | ||||||||
| 20% — |
written down value |
|||||||||
| 25% | written down value |
|||||||||
| Computer | equipment | 33% — |
cost (new equipment | will be | depreciated | over | ||||
| their useful | life of4 years (25%) | |||||||||
| Office furniture | and equipment | 20% - |
written down value |
|||||||
| Leasehold | improvements | l0% |
| Operating | Surplus | Surplus | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||||
| 6 | 6 | ||||||||||
| Operating | Surplus | is | stated after charging: | ||||||||
| Staff costs | (note 7) | 2,561,739 | 2,428,920 | ||||||||
| Deficit on | disposal of | lixed assets | 6,283 | ||||||||
| Depreciation | - Owned | assets | 198,394 | 207,957 | |||||||
| Depreciation | - Leasehold | property | 825 | 825 | |||||||
| Trustee's | Emoluments | (included in Staff |
costs) | of | |||||||
| which: | |||||||||||
| Trustee's | Pension Contributions | ||||||||||
| Auditors | Remuneration | —as | auditors | 7,500 | 7,280 | ||||||
| accountancy | services | ||||||||||
| Expenditure | on Charitable | Activities | |||||||||
| Direct | Other | Support | |||||||||
| Sta» | Direct | Costs | Total 2023 | Total 2022 | |||||||
| Costs | Costs | (note 5) | |||||||||
| Government services |
1,538,272 | 583,498 | 297,180 | 2,418,950 | 1,700,830 | ||||||
| Commercial services |
1,046,628 | 470,022 | 224,061 | 1,740,711 | 2,397,0 I0 | ||||||
| Total 2023 | 2,584,900 | 1,053,520 | 521,241 | 4,159,661 | |||||||
| Total 2022 | 2,044,237 | 1,440,498 | 613,105 | 4,097,840 |
| Charity | |||||||
|---|---|---|---|---|---|---|---|
| Standards | Management | Governance | Total 2023 | Total 2022 | |||
| &Systems | Services | (note 6) | |||||
| 6 | 6 | 6 | 6 | ||||
| Government services |
26,755 | 237,283 | 33,142 | 297,180 | 194,868 | ||
| Commercial services |
20,172 | 170,749 | 33,141 | 224,062 | 418,237 | ||
| Total | 2023 | 46,927 | 408,032 | 66,283 | 521,242 | ||
| Total | 2022 | 143,856 | 418,305 | 50,944 | 613,105 |
| overnance | ||
|---|---|---|
| 2023 | 2022 | |
| 6 | 6 | |
| Staff Costs | 48,049 | 33,227 |
| Audit Fees | 7,500 | 7,280 |
| Trustee Expenses and Insurance | 1,899 | 1,899 |
| Other Costs | 8,835 | 8,538 |
| Total | 66,283 | 50,944 |
| Trustees and Employees | Trustees and Employees | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Staff costs including | Trustees emoluments | ||
| Wages and salaries | 2,088,100 | 1,983,889 | |
| Social Secuiity costs | 204,513 | 201,275 | |
| Pension costs | 269,126 | 243,756 | |
| 2,561,739 | 2,428,920 |
| 2023 | 2022 | |
|---|---|---|
| Number | Number | |
| Management | 12 | |
| Administration | 27 | 18 |
| Field | 14 | 23 |
| Trainers | 18 | 14 |
| 70 | 67 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Number | Number | |||
| 660,000 | - | 670,000 | ||
| 6100,001 | - | 6200,000 |
| nterest | |||
|---|---|---|---|
| 2023 | 2022 | ||
| 6 | 6 | ||
| Interest | Receivable | (20,067) | (2,669) |
| Interest | Payable | 16,108 | 12,578 |
| 3,959 | 9,909 |
| Leasehold | ||||||
|---|---|---|---|---|---|---|
| Plant & Machinery |
Computers | Office Equipment |
Leasehold Premises |
Improve -ments |
Total | |
| Total | 6 | 6 | 6 | 6 | 6 | |
| Cost | ||||||
| Balance at I August 2022 |
480,405 | 793,850 | 272,992 | 3,978,237 | 376,447 | 5,901,931 |
| Additions | 77,949 | 85,814 | 605 | 48,980 | 213,348 | |
| (Disposals) | ||||||
| Balance at 31 July 2023 |
558,354 | 879,664 | 273,597 | 3,978,237 | 425,427 | 6,115,279 |
| Depreciation | ||||||
| Balance at I August 2022 |
371,042 | 733,848 | 240,374 | 669,378 | 117,099 | 2,131,741 |
| Provided dunng the period |
33,265 | 50,555 | 8,720 | 67,141 | 39,538 | 199,219 |
| (Disposals) | ||||||
| Balance at 31 July 2023 |
404,307 | 784,403 | 249,094 | 736,519 | 156,637 | 2,330,960 |
| Net BookValue at 31 July 2023 |
154,047 | 95,261 | 24,503 | 3,241,718 | 268,790 | 3,784,319 |
| Net BookValue at | ||||||
| 31 July 2022 | 109,363 | 60,002 | 32,618 | 3,308,859 | 259,348 | 3,770,190 |
| 13. | Debtors | ||||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Amounts | falling due | within one year | |||||
| Trade Debtors | 531,780 | 398,529 | |||||
| Prepayments | 152,815 | 126,854 | |||||
| 684,595 | 525,383 | ||||||
| 14. | Creditors: | Amounts | falling due within one year | ||||
| 2023 | 2022 | ||||||
| 6 | |||||||
| Trade Creditors | 44,893 | 79,594 | |||||
| Mortgage | 56,500 | 56,500 | |||||
| Accruals | 74,029 | 51,408 | |||||
| Deferred | Income | 136,340 | 133,332 | ||||
| Government | Agency | 19,141 | 11,617 | ||||
| Other Taxation | and Social Security | 150,862 | 137,104 | ||||
| 481,765 | 469,555 |
| Deferred | income relates | income relates | to membership | fees, commercial | income and apprenticeship | employers' | contributions, | |
|---|---|---|---|---|---|---|---|---|
| invoiced | in | advance. | ||||||
| 15. | Creditors: | Amounts | falling due after one year | |||||
| 2023 | 2022 | |||||||
| Mortgage | 296,625 | 353,125 | ||||||
| Deferred | Income | 1,407 | ||||||
| 296,625 | 354,532 |
| 2023 | 2022 |
|---|---|
| 80,800 | 80,800 |
| t 31 July 2023 the Charity had future minimum l llows: |
ease payments under non-cance |
llable operating leas |
|---|---|---|
| Land | & Buildings | |
| 2023 | 2022 | |
| 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 | 175,766 | 227,063 |
| Other | ||
| 2023 | 2022 | |
| Not later than one year | 16,123 | 15,152 |
| Later than one year and not later than five years |
17,583 | 21,533 |
| Later than five years |
| Land & Buildings | Land & Buildings | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Not | later | than one year | 42,100 | 42,100 |
| Later later |
than than |
one year and not five years |
73,675 | 115,775 |
| Later | than | five years |
| Fund | Fund | |||||||
|---|---|---|---|---|---|---|---|---|
| balances | Gains | balances | ||||||
| brought | Expend- | and | carried | |||||
| forward | Income | iture | Transfers | losses | forward | |||
| 6 | 6 | |||||||
| Unrestricted | funds | 4,423,403 | 4.178,634 | (4,159,661) | 500 | 4,442,876 | ||
| Unrestricted revaluation |
funds-Property reserve |
795,795 | 795,795 | |||||
| Restricted | funds | 3,500 | (500) | 3,000 | ||||
| Closing funds | 5,222,698 | 4,178,634 | (4, 159,661) | 5,241,671 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Fixed Assets | Net Current |
Long Term | T « I ota |
|||||
| Assets | ||||||||
| Unrestricted | Funds | 4,272,928 | 1,343,168 | (377,425) | 5,238,671 | 5,219,198 | ||
| Restricted | Funds | 3,000 | 3,000 | 3,500 | ||||
| Closing funds | 4,275,928 | 1,343, | 168 | (377,425) | 5,241,671 | 5,222,698 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| 6 | 6 | |||||
| Changes in resources |
18,974 | (54,199) | ||||
| Rent receivable | (42,100) | (41,021) | ||||
| Interest receivable | (20,067) | (2,669) | ||||
| Interest paid |
16,108 | 12,578 | ||||
| Depreciation | 199,219 | 209,782 | ||||
| Deficit on disposal | oftangible | fixed assets | 6,283 | |||
| (Increase)/decrease | in debtors | (159,212) | 28,917 | |||
| Increase/(decrease) | in creditors | 12,210 | (19,012) | |||
| (Increase)/decrease | in stocks | 260 | ||||
| Net cash (outflow)/inflow | from operating | activities | 25,132 | (140,919) |
| Analysis ofchanges | in net cash funds | ||||||
|---|---|---|---|---|---|---|---|
| 2023 | |||||||
| 31July 2023 |
Cashflow | I August | 2022 | ||||
| Cash at bank and in hand | 1,118,508 | (200, | 164) | 1,318,672 | |||
| Analysis ofchanges | in net debt | ||||||
| 2023 | |||||||
| I August | Cashflows | Other non-cash changes |
31July 2023 |
||||
| 6 | |||||||
| Cash and cash equivalents | |||||||
| Cash | 1,318,672 | (200,164) | 1,118,508 | ||||
| Overdrafts | |||||||
| Cash equivalents | |||||||
| 1,318,672 | (200,164) | 1,118,508 | |||||
| Borrowings | |||||||
| Debt due within one | year | (56,500) | 56,500 | (56,500) | (56,500) | ||
| Debt due after one year | (353,125) | 56,500 | (296,625) | ||||
| (409,625) | 56,500 | (353,125) | |||||
| Total | 909,047 | (143,664) | 765,383 |
| Balance | Balance | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Outstanding | Outstanding | ||||||||
| Expenditure | Turnover | (Inc l YAT) | (Inc l YAT) | ||||||
| (Excl YAT)) | (Excl YAT) | as at 31 July | as at 31July | ||||||
| 2023 | 2023 | 2023 | 2022 | ||||||
| Mimtec Ltd | 540 | ||||||||
| Pall Manufactuiing | UK Ltd | 37,912 | 1,370 | ||||||
| Portsmouth | Aviation | Ltd | 20,725 | 1,221 | 886 | ||||
| Hamble Aerostructures | Ltd | 37,600 | 21,917 | ||||||
| Geest Line Ltd | 3,018 | 690 | |||||||
| Safran Helicopter | Engines | UK Ltd | 17,720 | 4,379 | 1,984 | ||||
| GTA England | Limited | 8,886 |