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|---|---|---|---|---|
|Trustees
Annual
Report|||||
|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|
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|||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|
##
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||||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|
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|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%|||||||
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|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|
##
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|||||||||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||||
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