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Company registration number: 8709 74 Charity registration number: 312846
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Peredur Centre . (A company limited by guarantee) | Annual Report and Financial Statements for the Year Ended 31 July 2023: |
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-Manningtons : 39 High Street , Battle East Sussex TN33 ORE
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## Peredur Centre
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## Contents
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Reference and Administrative Details |
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Trustees’ Report 2to4
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Statement ef Trustees’ Responsibilities : , 5
Independent Examiner's Report 6
Statement of Financial Activities | 7to&
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Balance Sheet . 9to10 of
Notes to the Financial Statements Ll to 23
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# Peredur Centre
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# Reference and Administrative Detauls
Trustees Dr J Josephson Mr G Florschutz | Dr H Philp | D F Porter : Secretary ~ Dr J Josephson | Charity Registration Number 312846 : | Company Registration Number 870974 | The charity is incorporated in England and Wales. . | —_ | Registered Office Peredur Centre for the Arts West Hoathly Road East Grinstead : . West Sussex RH19 4NE | , Independent Examiner Manningtons | 39 High Street Battle East Sussex | TN33 OEE : Bankers HSBC Bank ple | 38 London Road East Grinstead : West Sussex : RHI9 1AB |
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## Peredur Centre
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| Trustees’ Report |
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The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 July 2023.
## Objectives and activities
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## Objects and aims
The object for which the Association is established are: : a) To teach, and to train students to teach, the whole art and philosophy concerning the interpretation of spoken and musical sound in accordance with the principle (commonly called ‘Eurythmy’) established by Rudolf Steiner and taught at the Geotheanum Dormach, Switzerland, at Rudolf Steiner Schools and elsewhere. b) To promote for the public benefit in the Area of Benefit the performing arts, especially those artforms inspired by anthroposophy, including eurythmy, drama, artistic speech, classical and folk music, singing, dance, storytelling and puppetry, through the provision of subsidised performances, meetings, training and rehearsal space. c) To relieve those who are suffering from poor mental health or social isolation in the Area of Benefit through the provision of community and therapeutic activities focused on the arts, and to promotethe physical health of the public through the provision of subsidised art-based course and events encouraging physical activities. The ‘Area of Benefit’ means the South East of England, including all London Boroughs.
## Objectives, strategies and activities
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The charity owns and manages the Peredur Centre for the Arts in East Grinstead. The trustees do not organise training courses thetnselves but manage and let the centre facilities to other relevant organisations for this purpose.
## ‘Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 tohave due regard to the public benefit guidance published by the Charity Commission for England and Wales.
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## Structure, governance and management
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## Nature ofgoverning document
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Peredur Centre, formerly called Eurythmy School Limited, is a company limited by guarantee governed by its memorandum and articles of association. It is registered as a charity with the Charity Commission.
## Recruitment and appointment oftrustees
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New trustees are appointed by the trustees from among the membership and are eligible to serve until they resign or become disqualified.
## Organisational structure
The trustees meet occasionally to administer the charity, with the day to day operations managed by an administrator.
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# Peredur Centre | Trustees’ Report
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## Major risks and management of those risks
| General Risk Management
The trustees have a risk management strategy which comprises an ongoing review of the risks the charity may face; the establishment of systems and procedures to mitigate the identified risks; and the implementation of procedures designed to minimise any potential impact on the charity should those risks materialise. ?
| Financial instruments
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Objectives and polictes The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk.
“Cash flow risk : The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. :
## Credit risk
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| The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment 1s made where there is an identitied - loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. : The charity has no significant concentration of credit risk, with exposure spread over a large number of . counterparties and customers.
## Liquidity risk
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity may use a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial | statements.
Achievements and performance The centre continued to provide teachning spaces for the eurythmy courses, as well as space for various performing arts groups and conferences. Residental accommodation is also provided for students attending these activities. The program of maintenance was continued with a further £25,316 spent on repairs and maintenance during the year. This is continuing in order to maintain the Centre's facilities to acceptable standards.
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## Peredur Centre
## Trustees’ Report
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## Financial review
There was a decrease in income compared with the previous year, due to accommodation not being fully tenanted. The trustees are confident that the cost of maintaining the Centre to acceptable standards can continue to be funded form current resources and grants,
## Policy on reserves
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The charity had reserves of £10,000 at the year-end date. As noted above further monies are due to be spent on the maintenance programme. The trustees will then consider the charity’s financial position and the appropriate level of reserves for the future.
## Investmentpolicy and objectivespolicy and objectives and objectives objectives
Investmentpolicy and objectivespolicy and objectives and objectives objectives | . Under the memorandum and articles of association the charity has the power to invest in any way the trustees wish. a, The trustees, having regards to the liquidity requirements of operating the Centre and to the reserves policy, have operated a policy of keeping available funds in interest bearing deposit accounts which pay a rate of interest, where possible, in excess of the rate of inflation. , :
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## Peredur Centre
- Statement of Trustees’ Responsibilities : |
- The trustees (who are also the directors of Peredur Centre for the purposes of company law) are responsible tor
- | preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK. and Republic of Ireland”.
- _ Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must.not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the —« . trustees are required to: | - select suitable accounting policies and apply them consistently; , ,
- «observe the methods and principles in the Charities SORP;
- ed ¢ make judgements and estimates that are reasonable and prudent, - state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
- * prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. | ,
- The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on
- , the charitable company’s website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. ,
- | Approved by the trustees of the charity on wl\2k2na signed on its behalf by:
SY Dr J Josephson Trustee
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| Independent Examiner's Report to the trustees of Peredur Centre (‘the Company’) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2023.
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## Peredur Centre
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## Responsibilities and basis of report
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As the charity's trustees of the Company (and also its directors for the purposes of company law) you are : responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the | . 2006 Act’). - : | Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as - carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have : followed the Directions given by the Charity Commission under section 145(5}(b} of the 2011 Act. | Independent examiner’s statement |
I have completed my examination. I confirm that no matters have come to my attention m connection with the examination giving me cause to believe:
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1. accounting records were not kept in respect of Peredur Centre as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
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3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or
- 4, the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
POPP RR Rowena Walsh FCCA : Manningtons Chartered Accountants 39 High Street Battle East Sussex : TN33 OEE
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|Peredur|Centre|
|||Statement|of Financial|Activities|for the Year Ended 31|July 2023|
|(Including Income|and Expenditure Account and Statement of Total Recognised|Gains|and|_|
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|||Unrestricted|Total|
|funds|2023|
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|Income|and: Endowments|from:|||
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|Donations|and legacies|3|2,048|2,048|
|||4|154,380|154,380|
|:|Charitable|activities|:|
|Investment mcome|3|5|(11)|(11)|
|||Total income|156,417|156,417|
|SS|Expenditure|on:|,|
|Charitable|activities|6|(166,264)|(166,264)|
|Total expenditure|:|(166,264)|(166,264)|
|Net expenditure|||(9,847)|(9,847)|
|Net movement in funds|(9,847)|(9,847)|
|Reconciliation|of funds|||
|Total funds brought forward|.|268,292|268,292|
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|Total funds carried forward|15|258,445|95|8.445|
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## Peredur Centre
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|||Statement|of Financial|Activities|for|the Year Ended|31|July 2023|
|oO|(Including||Income|and Expenditure|Account|and-Statement|of Total Recognised Gains|and|
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|a|Unrestricted|Total|
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|funds|2022|
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|Income|and|Endowments|from:|||
|‘Donations|and legacies|3|3,570|3,570|
|Charitable|activities|4|201,212|201,212|
|Investment|income|5|__!|_l|
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|Total|income|204,783|204,783|
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|Expenditure|on:|
|Charitable|activities|6|(206,236)|(206,236)|
|Total expenditure|(206,236)|(206,236)|
|Net|expenditure|,|(4 453)|(1,453)|
|||Net|movement in finds|~|¥|(1,453)|(1,453)|
|,|Reconciliation|of funds|||oe|||c|
|;|Total|funds brought forward|oo|269,745|269,745|
|||Total funds|carried forward|15|268,292|268,292|
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All of the charity's activities derive from continuing operations during the above two periods, . The funds breakdown for 2023 and 2022 is shown in note [5.
> The notes on pages 11 to 23 form an integral part of these financial statements. Page 8
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## Peredur Centre
# (Registration number: 870974) Balance Sheet as at 31 July 2023
|,|||||2023|||2022||
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||||||Note|£|||£||
|Fixed assets||||||||||
|Tangibleassets
Investments||:||lt
1?|298,929
130|_||299,810
70||
|Current assets|||||299.059|||299,880||
|Debtors
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Cash
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|||20|6,813
15,394
22,207||**—**-|10,673
[9,672
30,345||
|Creditors:Amounts|fallingduewithinone year|||21|(40,382)|||(36,064)||
|Net
currentliabilities|||||(18,175)|||(5,719)||
|Totalassetslesscurrentliabilities|||||280,884|||294,161||
|Creditors:Amounts
Net assets|fallingdue|dueaftermorethanone year|,|19|(22,439)
258,445|||(25,869)
268,292|-|
|Funds ofthe charity:|||||||||||
|Unrestricted income|funds|||||||||
|Unrestrictedfunds||||||258,445|||268,292||
|Total funds|||||15|258,445|||268,292||
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- For the financial year ending 31 July 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies,
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## Directors' responsibilities:
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- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476: and
- * The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The notes on pages 11 to 23 form an integral part of these financial statements. Page 9 ,
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# Peredur Centre
# : (Registration number: 870974) Balance Sheet as at 31 July 2023
The financial statements on pages 7 to 23 were approved by the trustees, and authorised for issue OD) vesceceseeseeesseee and signed on their behalf by: | velinee Trustee , PR Mr G Florschutz
- The notes on pages 11 to 23 form an integral part of these financial statements. Page 10
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## Peredur Centre
Notes to the Financial Statements for, the Year Ended 31 July 2023
| | 1 Charity status The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
The address of its registered office is: Peredur Centre for the Arts West Hoathly Road East Grinstead , West Sussex | RH19 4NF
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## 2 Accounting policies
| Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. | Statement of compliance The financial statements have been prepared 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 (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and Charities Act 2011.
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| Basis of preparation Peredur Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. : : Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a solng concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Exemption from preparing a cash flow statement The charity opted to adopt Bullerin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. Income and endowments All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
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## Peredur Centre
## Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance.by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it 1s probable that these conditions will be fulfilled*in the reporting period. ,
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Legacy gifts are recognised on a case by case basis following the grant of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is m the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to. the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity.
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## Grants receivable
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Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred incometo be released. ,
## Investment income
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Investment income 1s recognised on a receivable basis.
## Charitable activities
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| oe Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract. —
_ Expenditure
Expenditure | | All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs. | Charitable activities a | : : 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. : Government grants Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are , recognised im income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income. | |
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Notes to the Financial Statements for the Year Ended 31 July 2023
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## Peredur Centre
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Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part11] of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such inconié or gains are applied exclusively to charitable purposes.
Tangible fixed assets , Individual fixed assets costing £100.00 or more are initially recorded at cost. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: | Asset class Depreciation method and rate , Freehold interest in land and buildings 2% straight line | 10%-25% straight line Fixtures and fittings Fixed asset investments , Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal. Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
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Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. , Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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## Peredur Centre
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## Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer. settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
## Foreignexchange
Transactions in foreign currencies are translated into sterling at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the closing rates at the balance sheet date and the exchange differences are included in the statement of financial activities, |
## Fund structure
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Unrestricted income funds are genera! funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
## Pensions and other post retirement obligations
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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.
## Financial instruments
## Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
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Notes to the Financial Statements for the Year Ended 31 July 2023
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## Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. | Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. | Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
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## 3 Income from donations and legacies
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## Peredur Centre
## Notes to the Financial Statements for the Year Ended 31 July 2023
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4 Income from charitable activities 3
: Unrestricted
| funds Total Total
ee
| General 2023 2022
, £ £ £
Rents 154,154 154,154 200,720
Other 226 226 492
154,380 154,380 201,212
S Investment income , My
| Unrestricted |
funds Total Total
General 2023 2022
£ £ £ :
Interest receivable receivable and similar income;
Interest receivable receivable on bank deposits bank deposits deposits (11) (11) |
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Interest receivable receivable and similar income; _ Interest receivable receivable on bank deposits bank deposits deposits
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## Peredur Centre
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## Notes to the Financial Statements for the Year Ended 31 July 2023
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## NY
||6
Expenditure on charitable|6
Expenditure on charitable|6
Expenditure on charitable|activities|activities|||||||||:||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||3|||||Unrestricted||||||||
||,
A||||||funds
Designated||Total
2023||Total
2022||||
|||||||||£||£|,|bd||||
||Othercharitable expenditure||||||[53,260||153,260||196,297|||:|
||Staffcosts|||||||13,004||13,004||9,939|||
||||||||166,264||166,264||206,236||||
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||||||||Activity||||||||
||||||||undertaken||||||||
||||,||||directly||2023||2022||||
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||Employmentcosts|||||||13,004||13,004||9,939.|||
||Sub-contract costs|||||||23,313||23,513||29,924|||
||Establishment costs|||||||51,351||51,351||40,308|||
||Repairs andmaintenance|||||||37,575||37,575||44 443|||
||Office expenses|||||||||2,/77||2,777||3,452|||
||Printing, postageandstationary|||||||227||227||142|||
||Sundryandothercosts|||||||2,275||2,275||2,858|||
||Accountancyfees|||||||2,980||2,580||5,404|||
||BadDebts|||||||18,360||18,360.||52,89]|||
||Other finance charges|and legal||/professional fees
]||||2,862||2,862||5,841|||
|:|Depreciation oftangiblefixed assets|||||||11,740||11,740.||11,064|||
||||||||||166,264||166,264||206,236||||
||£166,264(2022 - £206,236)||ofthe|theabove expenditurewas|||attributable|to unrestrictedfundsand£Nil(2022|||(2022 -|ENil)to|||
||restrictedfunds.||||||||||||||
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## Peredur Centre
Notes to the Financial Statements for the Year Ended 31 July 2023
## 7 Net incoming/outgoing resources
Net outgoing resources for the year include:
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2023 2022
s £ £
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Depreciation of fixed assets 11,739 13,943
Foreign currency gains (59) (28)
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## 8 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses from the charity during the year.
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## 9 Staff costs
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The aggregate payroll costs were as follows:
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The aggregate payroll costs were as follows: , a
2023 2022
a: &€£
Staff costs during the year were: 3
Wages and salaries 2,978 -
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Pension costs 10,027 9.939
13,005 9,939
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No employee received emoluments of more than £60,000 during the year.
## 10 Taxation
The charity is a registered charity and is therefore exempt from corporation tax.
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## Peredur Centre
## Notes to the Financial Statements for the Year Ended 31 July 2023
## 11 Tangible fixed assets
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|||||||
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|Land|and|Furniture|and|
|buildings|equipment|Total|
|§|£|£|
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|Cost|
|At|1|August 2022|428,114|78,555|506,669|
|Additions|10,857|.|10,857|
|At 31|July 2023|438,971|78,555|517,526|:|
|Depreciation|]|||
|At|1|August 2022|153,673|53,185|206,858|
|Charge|for the year|8,299|3,440|11,739|||
|At 31|July 2023|161,972|56,625|_|218,597|
|.|
|Net book|value|||
|At 31|July 2023|276,999|21,930|298,929|
|At 31|July 2022|274,441|25,370|299.811|
|-|12.|Fixed|asset|investments|||
|:|
|,|
|2023|2022|
|£|!|£|
|Other investments|,|130|70|
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## Peredur Centre
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Notes to the Financial Statements for the Year Ended 31 July 2623
## Other investments
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Unlisted
investments Total
£ £
|
|
70 70
60 60
130 130
|“eagl
130 130
70 70
,
| |
|
charge for the year represents
£9,939).
,
(2022 - £Nil). ae
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:
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Cost or Valuation :
At 1 August 2022 |
Revaluation |
At 31 July 2023 |
Net book value |
.
At 31 July 2023 |
At 31 July 2022
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All investment assets were held outside of the UK.
## 13 Pension and other schemes
## Defined contribution pension scheme
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £10,027 (2022 - £9,939).
14 Commitments .
## Capital commitments
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=.
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The total amount contracted for but not provided in the financial statements was £Nil (2022 - £Nil).
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~ »
## Peredur Centre
| Notes to the Financial Statements for the Year Ended 31 July 2023
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## ,[et]
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|||||||||
|---|---|---|---|---|---|---|---|
|15|Funds|,|
|Balance|at|1|Incoming|Resources|Balance|at 31|
|August|2022|resources|expended|July 2023|
|Unrestricted|funds|
|General|268,292|156,417|(166,264)|258,445|
|:|Balance|at|1|Incoming|Resources|Balance|at 31|
|August|2021|resources|expended|July|2022|
||||£|£|£|£.|
|Unrestricted|funds|
|General|269,745|204,783|(206,236)|268,292|
|16|Analysis|of net assets between funds|,|
|Unrestricted|Total|funds|at|
|.|funds|31|July|
|General|2023|
|£|£|
|,|
|Tangible|fixed|assets|298,929|298,929|
|Fixed|asset|investments|130|130|
|Current|assets|22,207|22,207|
|Current|liabilities|(40,382)|(40,382)|
|Creditors over|||year|(22,439)|(22,439)|
|Total net assets|258,445|258,445|
|Unrestricted|Total|funds|at|
|funds|31|July|
|||General|2022|
|£|£|
|Tangible fixed|assets|299,810|299,810|
|Fixed|asset|investments|7|70|70|,|
|Current|assets|i|30,345|30,345|
|Current|liabilities|(36,064)|(36,064)|
|Creditors over|1|year|(25,869)|(25,869)|
|Total net assets|268,292|268,292|
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## Peredur Centre
# Notes to the Financial Statements for the Year Ended 31 July 2023
## 17 Reiated party transactions
During the year the charity made the following related party transactions: Dr Jenny Josephson (Trustee) « | Private Loan. At the balance sheet date the amount due to/from to Dr Jenny Josephson was £Nil (2022 - £8,000).
## 18 Non-adjusting events after the financial period
, |
Loan with Rudolf Steiner Association Limited | The Charity entered into a loan agreement with Rudolf Steiner Association Ltd after the year end. The total amount borrowed was £240,000 and the amount was not received until 18th August 2023. The amount borrowed is secured on property owned by the Charity and the repayment term ends in 2043,
| 19 Creditors: amounts falling due after one year
|
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2023 2022
-
, £ £
Bank loans 22,439 25,869
20 Debtors
| 2023 2022
£ £
Trade debtors 5,189 } 9,599
Prepayments , 1,624 1,074
. 6,813 10,673
21 Creditors: amounts falling due within one year
: 2023 2022
| £ £
Bank loans 3,469 3,469 |
Trade creditors = 9,898
Other loans 20,587 8,000 |
Other creditors 6,321 6,120
Accruals 10,005 8577
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## Peredur Centre
## Bank borrowings
Bounce Back Loan is denominated in £ with a nominal interest rate of 2.25% (2022 - 2.25%), and the final instalment is due on 15 May 2031. The carrying amount at year end is £25,908 (2022 - £29,338).
During yeaf ended 31st July 2022 the Bounceback Loan was extended from being repaid within 5 years to 10 years. No repayments were due for first 12 months from drawdown, which took place May 2020. The indicative costs for the first 12 months of £843.75: will be covered by the BIP (Business Interuption Plan offered by the UK _ Government).
Other borrowings — Private Loan with a carrying amount of £19,000 (2022 - £8,000) is denominated in with a nominal interest rate of 0% (2022 - 0%). The final instalment is due on 31 December 2023.
Dr Jenny Josephson who is a trustee of the Charity loaned the Charity £8,000 on 07.04.22 and a further £11,000 was loaned during year to 31st July 2023, this is due to be paid in full in the following financial year.
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