C(Thpany registrati number: 870974 Charity registration nurnber: 312846 Peredur Centre (A c(xnpany limits ty guarantee) Ann Rwt and Finan(ial Statanents for the Year Fthded 31 July 224 Manningt(Kis 39 High Street Battle East Sussex TN33 OEE
Peredur Centre CoDtents ReferenLY and Administrntive Ddails Trustecg Repryc 2104 Statementof Trustees, Responsibilities Independent Examin&s Rwt Ststement ofFinanciAJ Activities 7t08 Balance She 9th10 Notes to the FinanLial Statements Ilto22
Peredur Centre Reference and Administrative Details Chalrman Dr J Josephson Truste¢$ Mr G Florschutz Dr J Josephson Dr H Philp D F Porter M-A Heap Dr J Josephson S¢¢r¢tary ChArlty Reghtratlon Number 312846 Company ReglBtratlon Number 870974 The charity is incorporatal in England and Wal Peredur Centre for the Arts West Hoaihly Road E&st Grinstead West Sussex RH19 4NF R¢gtst¢red Offl¢¢ Indep¢nd¢n¢ Examlntr Mannin8tons 39 Hi8h Street BaLtle East Suss TN33 OEE Bankers HSBC Bank plc 38 London Road East Grinstead Wcsi Sussex RH19 IAB Page I
Peredur Centre Trustees, Report The trustcts, who are directors for lh¢ purposes of company law, present the annual report to8h< with the financial slatemenis of the charitable company for the year endcd 31 July 2024. Objeedves and aetlvltles Objects and aln The object for which the Association is established are: a) To teach, and to (rain students io teach, (he whole art and philosophy concerning thc interpreiatiffi of spokcn and musical sound in accordance with the principle (commonly called 'Eurythmy') estsblished by Rudolf Steiner and tau8ht al the Geotheanum Dormach, SivitZLYland, at Rudolf steintr sch1$ and elsewhere. b) To promote for the public n¢fIL in thc Area of Benefii the performing art& especially those artforms inspiroj by anthroposophy, including euNhmy. drami artistic speech, classicul and folk music, singing, danc< storytelling and puppetry. thriJu8h the provision of subsidised ptrformances, meelings, training and rehearsal SPACe. c) To relieve those are suffering from pwr mentsl h¢81th or social i501ati(m in thc Area of Benefit through the provision of community and therapeutic activities focused on the ar and promoic the physical health of the publi¢ through the provision of subsidiscd arl-based course and gvenls en¢oura8in8 physical activitics. Thc'Area of Benefil, Mn$ (he South East of En8land. includin8 all London Boroughs. Objxllves, slmtegles andacilvliles The tharity owns and managcs the Peredur Centre in East Grinsi&. The trustees do not or8anise training rSeS themselves iwi mana8e and le¢ the ¢enlre facilities io other relevan¢ or8anisati(ms for this purpose. Publlc benejli The trustees confirm they have complied with (he requirements of section 17 of ihc Ch&riti¢4 Act 2011 ¢0 hAv¢ due r¢8ard Lo the public benefit 8uidance published by the Charity Commission for England and Wales. Structurei governance and m8nagemenl Nolure ofgovernlng docMnKnl Peredur Centre, formerly called EUhMY School Limi*(L is a wmpany limited by 8uarantee 8overncd by its mcmorandum and articles of associalion. It is also registered as a charity with the Charily Commission. Recrulimenl and dppolntmentoflrnslees New trustees are appointed by the trustees from amon8 the membership and are eligible to Serve until they resi8n or bewme disqualified. Orgaftlsallonalslrudure The tru5tces mceL a minimum of three tirnes a year to administer the charity, with the day day operations managed by an adminiStrar. Pa8e 2
Peredur Centre Trnstees, Reporl Major rlsks and nMnagenKnl of¢hose rtsks General Risk Managemenl The trustees have a risk management strotcgy thich comprises an ongoing rcvicw of the risks the charity may face. the ¢51ablishmenL of systems and procedur&s to mitigate the idenlified risks; and the implementalion of proceduros designed to minimise any p)i¢ntial impoct on th¢ charity should ihose risks malerialise. Flnall¢lal Instruments Objecllves andpolleles The diaritys activities POse li 10 a number of financial risks includin8 credi( risK cash flthv risk and liquidity risk. Cashflow rfsk The Charity's activitie5 expose 1¢ primarily lo the financlal risks of changas in in*rest ratc& Credll rlsk The tharity's principAI linancial Assets nre bank balances and eash. trade and her receivables, and inv¢sthient& The charity's credil risk is primarily altributhble to irs trade receivables. The amounts pr&senled in the balance shttt are net of allowance5 for doubtful receivables. An allowance for impairniMt is made where there is an identified Ioss ¢venl which, Lwed on previous experience. is evidence of a reduction in th¢ rewverability of the cash fli)ws. Thc charily ha5 no 5i8nificani conccnlralion of credit risk, with exposure spread over a large nurnber or counterpartias and Customers. Llquldlty rtsk In order to mainlain liquidiiy 10 ensure that suffi¢ien¢ funds arc available for on80in8 operations and fvture developments: the charity may use a mixturc of lon8-tcrni and short-tum debt financ¢. Furthw delails regarding liquidity risk can be found in Ihe Ststement of a¢unting policies in the financial sthtements. Aehl¢v¢ments and performanee The Centre continueA provide tVdchin8 spaces for EuNhmy courses, as well as space for various pcrfonning arts 8roups ond conferences. Residcnliai accommodation is also provided for Sludcnts altendin8 these activities. The program of maintcnance was continued with a furthcr £80,248 spent on specific repairs during the year. Thi5 1$ continuing in order to maintain the Centre's fa¢ill¢i to acceptable stsndards. Page 3
Pernlur Centre Trustecs, Report Flnancial revlew There an incre&se in income compared with the prJryous ycdr, due to a large donation and long-tr accommodatiort being fully (a)antyL The trSle&S ar¢ confident that the c(6t of rnainlaining th¢ Centr¢ to acceptable sthndards can L1)ntIn to be ffiJnded from ¢urrth( re5(wrces and grant& Pollcy on reserves The charity fAAained a long-lm 1ntttt-onIY l(wi of £240.(MM) from the Rudolf Steinu A&80¢iation during the year. Total loW1ngS atyear were £2615(Kl, with available funds being £157,440. As noied aknve fvrthtt monies are due to Lr spent on the maintenance programm& The IsleeS will then consider the charity'5 tinancial position and the apFKopriate level of rcserves f(w the futurL Inveslnwtspolicy and objecilves Under the memorandum and articles of &wiation the charity the power to invesl in any way the trusiees ivi5h. The trustees, having regards to the liquidity requirunents of c4)traiing the Centre and to the reserves policy. have operated a kKJlicy of keepin8 available fvnds in intrrest bearing deposit accounts whith pay a rnte of intcrttL whcre p)ssibl4 in excess of the rale of inflatt(m. Page 4
Peredur Centre Statement of Trustees, Responsibilities 'rhe trustees I0 ar¢ also ihe dIrlorS of Pcredur CenLrL for ihc purposes Df Lompany laii'l arL" rcsponsiblc for preparin2 (IIL LruslLCS' rLpor( and ihe financial sialLmLnLs in aLLordanLe il'iih appl iLablL laii. and Uniied Kingdom ALLouiiiing Siandards ILlniied Kingdom CJen¢rall!, ALLL'PtLd AcLounting PrailiL¢), including FRS 102 "Thc }-. inancial Reporting Stand<d applicable in the UK and IILpLltilic ol. Ireland" Compan}.' laiv requirt¥ IhL Irusiee5 10 prepare fiiianLidl sLalLmL'ntb' lor eaLli liiiaiiLial }'Lar. Under compan}, laii. thL tru.sLLLS IllUsI i)ul api)r(Il'L IIIL finanLial %ialLmLnL% uiilLSS IIILY dfL saLisfiLd Lhal IhLy gJjl'L a IruL aiid fair N'ILlS' of ilic slate ol- atlairs ol. th¢ lharilable Lompan). and nl- thL inL()IMing resourles and appliLalion of resourLes. including ils IIILonie and expLndiiurL. nl- IliL Lharilablc Lompdliy lor thai PLriud. In preparing tl)L'%L' linai)Lial %Ld(LmLnLs. Ihc Irustees arc requirLIJ (o.. selecl suitsble aLLounting policies and apply them Lcbnsistcntly: observe the methods and principlLs in thL Chdriiies SORP; make judgemenls and estimates ihat are rsOnable and prudLnl,' state ivhether appliLahlc accounting Standards. Loiiiprising FRS 102 have been lolloii'ed. subject lo an J Inaterial departures disLlobLd dnd c¥plainLxI in ihc financial slaiLmcnLs' and prepare thc linancial slJlLmLnls ()n ihL g>(>ing> concern basis unlLSS it is inappropi'ialc lo pr&sume that the charLb]L compaii> ii'i11 LuiILiiiuc iii businc55. I"hL trU5(eLs are rLsp1i1i5iblL lor k'ccping pi'oper accounting records ihai can disclosc ivilh rLasonablc accuracv at anv lime ihe financial po.Silic)n ul- Ihc chdrilablc companN' and Lnable (hem to ensure thai ihe linancial Siatcrncnis compl!. ii'itli ihL CompaniLS .ALL ?006. Thc!. are also re.£pon%iblL for safLguarding ihe asseis ol- IhL cliaritable company and hence for taking rcas(>nabli s(LPS for ihe prth'enlioii and deiLi(ion ol. Iraud and oiher irregulari(iLs. 'I"hL' trusiees ar¥ rL'spi)nsiblL for thc maintenane¢ and in(Lgrits' of the corporaie and linanLial information included on the iharitable Lompan! s ii'ebsi(L. Legislaiioii goiicrning) (IIL preparaiion and dis%Ln)inalion ol- linancial staLemenLs may di tlcr from Icg?i%laLiun in oiher jurisdictiOnS. Approi'ed by (hL Iru%l¢LS ol- Ihc Lhariiv oli .l.qIWand 5igyllLd on its behall-by: Dr J Josephson Trustee PagJc j
Peredur Centre Independent Exxminer's Report to the trnstees of Peredur Celltre ('Ihe Company,) I ryrt to the charily trustecs on my examinati of the accounts of thc C(¥npAny for th¢ycar cnded 31 July 2024. Responslbllltles #nd basls of report A5 the charity's trustCe5 of the Company (and also its direLWS for the purE5 of Company law) yw are reSnSIble for the preparnt1 of the 4cc(NJnts in with the rquiremffi¢s of the Compantes Act 2006 ('the 2006 Ac('). Havin8 satisfied myself th the acoyjnts of the C(Mnpany arc required w be audited under Part 16 of the 2006 Act and are eligible for indq)endcnt examinati¢J4 I rewt in res of my examination of your chariry's accounts as carrioj oul under seciion 145 of thc Charities Aa 2011 ('the 2011 Aa,). In cwing Out my aMInati( I havc followEd the Directions given by the Charity C(Nnmis5ion undcr Se10n 145(5Mb) of the 2011 Acl. Independent e%mln¢r'i statement T have completed my examinalion. T Lwfirni that no maUYS have come to my attenticffl in conncetion the cxamination giving me cau5c kn believe. l. acwunting records were not kw in rw ofperedur Ccntre as requireAI by section 386 ofthe 2006 Act; or 2. the accounts do a¢c(Yd with those record4. or 3. the accounts do not LXpIY with the auntIng requIremts of Section 396 of the 2006 Acl other than any requircmfflt Ihat the accounts give a 'irue and fair view Mthith is not a mattcr considered as part of an indcpcndent examinati. or 4. (he a¢¢ounts have not ten preparal in adanCe with the methods and principl¢s of lhc sement of Recommended Pracii¢e for 9¢)UntIng and repNJrting by charities [3pplicable to chariti¢s preparin8 lhur accounts in accordance with the Financial R4Ing Sthndard appIlbI¢ in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other mallers in pnectjon 1th the examinaiion uthich attention should be drawn in this rewi in order to enable a proper undcrsfaiidmg ofthe aCcrtts to k Teach. Rowena Walsh FCCA Mannin8tryis Chartffed Accountants 39 Hi8h Strecl Batile East Sussex TN33 OEE Date:.. J.qla2hS Pa8e 6
Peredur Centre Statement of FIDan¢lal Activities for the Year Ended 31 Juty 2024 ncluding Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrltted runds Total 2024 Note Incom¢ and EndoTh¢nts from: Donations and le8acics Charitable a¢tivittes Investment Incl7¢ 10,000 167.196 900 10,000 167,196 Total income Expendlture on: Charitable activities 270.850 Total expenditure Net expenditure Net movement in funds 270,850 (92,754) (92.754> ReeoDclllAtlon offunds Total funds brought forward Total fvnds efirri f(Yward 18 165 691 165 691 The n¢S on pages I I to 22 form an inte1 part ofthese financial statemen1& Page 7
Peredur Centre StAtemenl of Financial Activities for the Year Ended 31 Juty 2024 (Including Income and Expenditure Account and Siatement of Total Reeognised Gains and Lots) UArestricted funds Total 2023 Note Income and Endovrnitllts from: Donations and legacies Charitable activities Investhienl incom¢ 2.048 154,380 2,048 154,380 Total income 156417 156417 Expendlture on: Chariiable A¢livili¢s Totsl exwdilure Nei expenditure Nei movement in fijnds 166,264) (166,264 (9,847) {9.847) R¢¢on¢lll•tlffj of funds Tothl funds brouBht fon47rd Total funds carricd forward 268 292 268 292 18 258.M5 All ol. the ¢hari(ys activitie5 derive frn conlinuin8 operations durin8 the atove pffiods. The tiinds iyeokdown lor 2024 and 2023 is sho in note 18. The no on rmg¢s I I w 22 forni an intey81 part of these financial statemen1& Pagc 8
Peredur Centre (Regfistralion number 870974) Balance Sheel as at 31 Juty 2024 2024 2023 Fixed assets Tangible assets Investments 292,582 133 298.929 130 12 292.715 299.059 Current assets Dei*ors Cath at bank and in hand 15 4,940 164,093 6.813 169.033 21207 CredStors: Amounts falling due within one year 16 (37.263 (40.382) Net current assetsl(Ilabllltles) 131,770 18.175) Total assets less current liabllltles 424,485 280,884 Credltors: Amounts falling due after H)or¢ than one year 17 1258.794 Net Assets 165.691 258,445 Funds of the Clri. Unrestricted income funds Unrestricted funds 165.691 258,445 Totsl tsnds 18 165.691 258,445 F¢x the financial year ending 31 July 2024 the tharity was cntitJ&l to exanpliM from audit undcr section 477 of the compani Acl 2006 relating to small Ll)mpanie& Directors, responsibiliti The members have n(K required the chariiy to oixain an audit of its acc4)unts for the year in (wcsiion in accordance with section 476. and The directors acknowledge their r¢sp)nsibilitie5 fw nping with the requ1rernts of thc Act with rq)ect to accounung recorts and the wepara(•( of accounts. The nolts on pa8es I I to 22 form integral part of these financial statcfflen Page 9
Percdur Centre (Registration number: 870974) Balance Shcet as at 31 July 2024 l-hL linaiiLidl NldiLlliLnl.s on pages 7 to 22 iverL appr()I'Ld by iliL IrustLC.s. and auihorised for ISSUL on .1g.I£AIzs and %iginLd ()n ihiir belial fb),: 114Ji Ir ti l.-lursLhul£ 'rrusLLL' 'I'he noies on pages I I to 22 lorm an inlLgrJl Pdrt ()l- (hLse linancial sta(cmL"nts. PagL 111
Peredur Centre Notes to the Financial Statem¢Dts for the Year Ended 31 Juty 2024 I Charlty stst The tharity is limiteAI by 8uaranle4 inLY*rKfdteAI ID England and Wales. and Ll)nsequently does not have share capital. Each of the trustees is liable to contriiwtc an amount not excecdin8 £1 towards the assets of thc charity in the evenl of liquidati. The address of its resi¢reAl office is: Peredur Cenire for the Arts West Hoathly Road East Grinstead West Sussex RH19 4NF 2 Aeeountlag pdltles Summary of slgnlfleant aeeoundng polltles ind key Aeeo•ntln8 estlmates The principwl a¢coun(in8 p)lici&s applied in the prvraU of these financial sla¢emts are set oul below. These polici have ¢y)nsislently aA)lied to all the ycars Wesenl unlw (therwise statal. Statement of eompllance The linancial statements have be preparoj in awdance with Accountin8 and ReptIng by Chari(ies: Staiemenl of Recommended Pradice (applicable to dyarities preparin8 thcir acojunts in acLsNdance with the Financial Reporting Standard appli¢able in (he UK and Rcpubli¢ of Ireland (FRS 102)) (issued in Oclr 2019) - (Charities SORP IFRS 102)). the Financial Reportin8 Sthnd appli(able in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and Charities Aa 2011. Basls of pr¢pArailon Peredur Centre m¢¢ts ¢h¢ definition of a public i%nefit entity under FRS 102. Assets and liabilities are initially reco8nised at historiL71 cost or transactirn value unless otherwise Sed in the rdevan( a¢a>unlin8 policy noKs. Golng ¢one¢rn The trustces consider that there are no maittiAI uncertainue5 abwt the diaritys ability to continue as a going coneem nor any significanl areas of uncertainty that affect the cwryin8 valu¢ of held by the charity. Exemptlon from preparlng a clsb Ilow $tslem¢n¢ The tharity Opted Éo adopt Bulldin I publish (M 2 FcLYuary 2016 and have therefore not included a c&sh flow sta¢ement in the financial sts(emenL Income and tndowments All income is rcco8niscd once the chariiy hos thtitlemthi the Inc& it is proiwblc that the inciNn¢ will bc receivtsj and theamount of the InCe reL%ivablc can be measured reliably. Pagell
Peredur Centre Notes to the Financial Statements for the Year Ended 31 Juty 2024 Donoilons andlegocles Donations are reLX)gnised ivhen the tharity has been nolified in ivriting of b)th the amount and seitlemenl date. In th¢ event that a donation is subject to nditionS that require & level of perfomance by the charity before the charity is entitled to the fiJnd4 the inci)me is deferred and not recogni5 until either those conditions are llY mel, or the Irilment of ih05e conditions is Mtholly within the control of the charity and it is probable that Ihese C4)ndilions will be fulfilled in the reporting period. Le8acy gifts are recogntsed on a case by rase basis folloHing the 8rani of probate when the administratorlextor ftor the estate has communicatol in writin8 ix)th the I(nI and sdtlement date. In the evcrtt that the gift is in the forni of an assd other than cash or a financial a&set tradejj on a recognised stock exchang4 recognition 15 subject Ihe value of th¢ gift being reliably measurable ivith a degree of re&8onable accuracy and the lille to the &8set having en transferred to the charity. Invesimentlncon Investment income is recognised on a receivable basis. Char114ble acllvlrfes Income from charitable activities includes income reco8ni5ed as earnol (as the relatd g(h)Js or services are provided) under contra( Expenditure All expendilure is reu)gnised onee there is a legal or constructive obligation lo that expenditure, it is probable settlemenl is requird and the amount can be measured reliably. All costs are allocated kn the applithle expenditure hdIng that aggrega* similar costs to that cate8iJry. Where costs cannot be directly attributed Éo particular hdings Ihcy have been allocated on a basis consistent ivith the use of resourc&% with central staff costs allocated on the basis of time spen( and depreciation chargas allted on the portion of (he asw's use. Other support costs are allocated Imsed on the Spread of staff costs. Chan¢able acllvlrfes Charitable eXp)diture comprises those costs incurred by the charity in the delivuy of its activities and services for its beneficiarios. li includ&s both costs thal can be allocated directly to such acliviti&s and those costs of an indirect nature necessary to support them. Taxatlon The charity is considered to pass the tests set out in Paragra I Schcdule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax pur. Accordingly, the tharity is rA)tentially exempt from taxation in respect of income or c&pital gains received Mithin categories covered by Chapter 3 Part I I of ihe Corporation Tax Act 2010 or Seclion 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitsble purposes. Tangtbk flxed assets Individual fixed assets L1]n8 £11)0.( or more ar¢ initially recorded a¢ COA. Page 12
Peredur Centre Notes to the Financi41 Slatements for the Year Ended 31 July 2024 Deprecladon and amortisation Depreciation is provided on langible fixed assets so as to TIl¢ off the cost or valuation, less any estimated rc5idual value, over their expected useful economic life as follows: Asset class Freehold interest in land and buildings Fixtur@s and fittings Depreciation method and rate 2Yo straight line 100th25% straighi line Flxed asset investments Fixed investsnenL% other than programme relatd investments. are ineluded at market value at ihe balance sheet date. Reali5ed 8ain5 and losses on invlMen15 are calculated as the difference between sales proceeds and their market value at the sthrt of the year. w their subsequent cost, and are charged or credited to the Statement of Financial Activiti&s in the period of disposal. Unrealiscd gains and losses rcprcsent the movement in markd values during the year and are crediied or charggd to the Statement of Financial Aaiviii<% based on the market valu¢ at the year end Trade debtors Trade debtors are amounts due from cu5tcrfners for mcrchandise sold or services performed in the Ordin course of business. Trade debtors are recognised initially at the transaaion price. They are subsequently measur¢d at amortised cost using the effective interest meth(yJ, I provision for impaimenL A provision for the impairnient of trade debtors is established Mthen there is objective rn'idcnce that the d)arity will not be able to collect all amounts due according to the original temis of the receivables. Cash and c85h equivalents Cash and Lzsh equivalents comprise cash on hand and call deposits. and other short-tem highly liquid inv&sthients that are readily convertible io a known amount of cash and aTe subject to an insignifiL1 risk of change in value. Trade creditors Trade creditor5 are obligalions to pay for g(KJds or service5 th& have acquired in the ordinary course of isIn from supplier& ArUnts payable are classAti¢d as current liabilities if the charity doe5 not have an unconditional righl at ihe end of the reporting period, to defer setilement of the tteditor for at lea51 twelve months after the reporting date. If there 15 an unconditional right to defer settlement for at leas¢ twelve months after the reporting date. they are presented as nonUrrent liabiliti¢5. Trade cr1)rS ar¢ recognised initially at the transacti price and subsequently measured at amorti1 cost usin8 Ihe effective interest method. Page 13
Peredur Centre Notes to the Financial Statements for the Year Ended 31 Juty 2024 Forelgn exchange Transaction5 in foreign currencies are translated into sterling at the exchanBe rate ruling at the dale of the transaction. Monetary tissets and liabilities denominaied in forci8n currenci&s are traftsled into sterlin8 ai the closing rates at the balance sheet datc and the exchange dilTerences are included in the statement of financial activities. Fund $tru¢thre Unrestri¢tuJ income funds are general funds that ore available for usc at th¢ trusLces discretiffl in furthcranLr of the objectives of Ihe charity. Penslons #nd other post retlrement obllgatlons The charity (yraies a defined contribution pension Scheme. Coniributi(Xls are char8oa in the statemen( of financial aclivilies as they becomc payable in a¢wrdance with the rules of the scheme. FlnanelRI lllstruments Classljlcailon Financial assets and linancial liabilities are recognised Mthcn the charity Lxcomes a party to the cijntradual provisions of the inslrumenL Financial liabilities and equity instruments ore ¢lassified accordin8 to ihe subslance of the conlraciuai arrangcmcnts ¢nt¢r¢d into. An equity instrumenl is any contraci that evidences a r¢sidual intcrest in the assets of the charily aller deducling all of its liabilities. Re¢ognlll(pn ftnd MeasUrenK All financial assets and liabilities are initially measured at IrDnsaction price (including transaction costs), cept for those financial assets classified as ai fair value ihrou8h profil or loss, which are initially measured at fair value {wthi¢h is normally (hc transaction pricc cxcluding transaction costs). unless the arran8ement constitutes a financing transaction. Il'an arran8anent conslilul&8 a financin8 transaclion. Ihc financial asset or financial liability is measured a¢ the presenl value of the future payncnts discounied at a markth rate of interest for a similor debi instrumtht. Financial assets and liabiliti&s are only offsel in the $tement of flnancial position when, and only ivhen there exists a legally enforceoble right to sel otT the reco8nised amounts and Ihe L*barity intend% ciihLT to settle on a net basis, or io rcalise the asscl and settle the liability simulianeously. Financial assels are derecognised when and only en al Ihe contractual rights lo the cash l]ows from Ihe financial asset expire or are seitled. b) the charity transfers to anoth¢r parLy substantially all of the risks and rerdS of ownership of the finanL7al asx or c) the charity. despite having retsind som< but nol all, si8nif1Lt risks and rewards ofownership, has (ransferred conirol of thc Rsset to anothr party. Financial liabilities arc dereco8nised only then the obligation splfied in the contract is diSth9rg n¢elled or VApircs. Page 14
Peredur Centre Notes to the Financial Statements for the Year Ended 31 Juty 2024 3 Income from donalion5 and legacie5 Unrestritted funds General Total 2024 Total 2023 Donations and le8aci Legaci&s 2.048 4 Income from th8ri¢abl¢ a¢Uvliles Unr&stricted funds General Total 2024 Totsl 2023 Rent5 Other 167,196 167,196 154,154 226 167.196 167,196 154.380 S Inve51mettt Inrne Unrestrieted nds General Total 2024 Totsl 2023 Interest receivable and similar income; Iniera%t receivable on bank deFKlSi(S 900 900 11) Pa8e 15
Peredur Centre Notes lo tbe Finamclal Slatements for the Year Ended 31 Juty 2024 6 Expendlture on chirltsbk adivltl Uttr¢strlcted funds General Total 2024 TtstAI 2023 Othcr tharitsblc expenditure S&ff costs 231,246 231.246 153,260 270 850 270 850 ActSvlty ndertaken dlretdy 2024 2023 EmploymLmt ¢osts Subcontract sts Establishmeni costs Repairs and maint¢nanLY oirice expenses Printin& posla8e and sthlionory Sundry and other costs AcLvuntancy fees Bad Debts Other finance charges and legal I profL%sional feas Depre¢ia(ion of tsn8iblc fixed assets 39.604 5J85 75.576 109.663 4.294 238 2.100 5,340 39,604 5,385 75.576 109.663 4.294 238 2,100 13.004 23,513 51.351 37,575 2,777 227 2,275 2,580 18,360 2,862 16,674 11.976 16,674 11,976 270.850 166.264 £270,850 (2023 - £106,264) of the aix)ve exditU was aitribjtsble to unrtstrictoj fimds and £Nil (2023 - £Nil) to restricted fijnds. 7 Nel Intomlnrjoutgdng rtsonrtts Net 011180in8 resources the year includv. 2024 2023 D¢pr¢ciatiw of fixed assas Foreign currency gains 11,976 11,739 Page 16
Peredur Centre Notes to the Financlal Slatements for the Year Ended 31 Juty 2024 8 Trusteu remuneratloD and expenses No iruste&s, nor any persons connected with them, have received any remuneration from the charity durin8 the year. No trustees have received any reimburs exprnses from the charity durin8 the year. 9 Staff eosts The ag8reBate payroll costs were as folloms: 2024 2023 Staff eosts durlng the ytar were: Wa8es and lari¢S PensiLm Costs 29,014 2,978 The monthly average number of persons (including senior mana8emeni I leadership team) employed by the charity durin8 the year expressed as fvll time equivalen(s was as follows: 2024 No 2023 Adminislrntion & Chairty No employee receiv emoluments of more than £60.000 durin8 the ycar. 10 Taxallon The charity is a re8iSterèJ charity and is therefore exempt from corporation tax. Pagc 17
Peredur Centre Notes to the Financial Statements for the Year Ended 31 Juty 2024 I l Tangible flxed amets L#nd and bulldlngs Furnllure and equlpm¢nt Tot81 Cost A( l August 2023 Addi(ions 438,971 78,555 517.526 At 31 July 2024 Depre¢latlon At l August 2023 Char8e lor the year 438,971 523 155 161.973 8.299 56,625 3,676 218,598 At 31 July 2024 170.272 60,301 230 573 book vwlue Ai 31 July 2024 Ai 31 July 2023 268.699 23.883 292 $82 276,998 298 928 12 Flxed a•s¢t Investmeuts 2024 2023 Othcr investments 133 130 Pa8e 18
Peredur Centre Notes to the Financial Statements for tbe Year Ended 31 Juty 2024 Other investments Unllsted InvestsRents Total Cost or Valuatlon At l August 2023 Revaluaiion 130 130 At 31 July 2024 133 133 N¢t bo¢)k value At 31 July 2024 133 133 At 31 July 2023 130 130 All investment assets wwe held Wtside of the UK. 13 Pension and other schemes Defined Contribution pension scheme The charity operates a defined Ll)ntrI1(l pslon schem< Thc pthsi(m cost charge f( the year rqwesents ntriiutions payable by the tharity the 5theme and amountal to £10.5 (2023 - £10,027). 14 Related party traDsactions During the year the charity made the following relafyl wty transacticms: Dr Jenny Josephsou {Trustee) Private Lcffjn J Josephson is also the Cixnpany Se£retsry of Rudolf Stciner A&8(Kiaiion Limi1 thc cniity th has loaned moni&s lo the Percdur Centr . At the balance sheet dat¢ the amouni duc trqfrom fr(vn Drjcnny J(VhSL w4s £Nil (2023 - £19.000). Page 19
Peredur Centre Notes to the Financial Statements for the Year Ended 31 Juty 2024 IS Debtors 2024 2023 Trade debtor5 Prepaymcnls Othcr debtors 3,881 1.044 15 5,189 1,624 4,940 6.813 16 Cr¢dl¢ors: amounts falllng due wlthln one year 2024 2023 Bank loans Trade Creditors Oiher loans Oiher taxaiion and social securily Oihcr creditors Ary&l3 3,589 5,680 3,469 20,587 650 9,210 6,321 Pa8e 20
Peredur Centre Notes to the Financial Statements for the Year Ended 31 July 2024 Bank borrowlngs Bounce Back Loan is denominatal in £ with a nominal interest ra* of 2.25Qh 12023 - 2.25%1 and the final instalmt is due on 15 May 2031. The carrying amount at year end is £22,383 (2023 - £25,908). During year ended 3 1st July 2022 the Bounceback Loan w&s ¢x¢endcd from bein8 repaid ivithin 5 years to l O years. No repanents were due for first 12 months from drawdowi. which tcrf)k place May 2020. The Indicative eosts for the first 12 months of £843.75 will be covered by the BIP (Business Interupuon Plan offered by the UK Govmirnenl). Other borrowlngs Private Loan with a carryinB amount of £Nil (2023 - £19,000) is denominat in with a nominal interest rate or 0% (2023 - Ovo). The final insialmertt is due on 31 December 2023. Dr Jenny Josephson ivho is a trustee of th¢ Charity loancd the Charity £8.000 on 07.04.22 and a further £ I 1,000 was loaned during year to 3 1st July 2023, this was repaid by 31 st July 2024. Rudulf Sieiner Association Limited with a carrying amount of £240,000 (2023 - £Nil) is dOMInated in £ with nominal interest rate of5Vo (2023 - OYO). The final instdlmen( 1$ due on 18 Au8U512043. The loan is secured by a char8e re8iSted at componies hou5c on 18th Au8USt 2023 on ihe Freehold Land. Repayment is not due uniil the repayment da(4 Interest is charged 6 monthly and is the 8reater of 5% or l % aL¥)ve Ihe bank's base rate. 17 Credltors: Amounts fAlllng due after one year 2024 2023 Bank loans Other loans 18,794 240,000 22,439 Page 21
Peredur CeDtre Notes to the FinanciAI Statements for the Year Ended 31 Juty 2024 18 Funds Balance At I August 2023 In¢oThlng re50ure Resources ¢xp¢nded Balance at 31 July 2024 Unrestrlcted thnd$ General 258 445 270.850 165 691 Balance at I August 2022 Ineomlng resources Resourees ¢xp¢nded Balanee at 31 July 2023 Unrestrlcted thnds Gcncral 166 264 258 445 19 Analysls of net aM¢ts betwe¢n funds Unrulrlcted funds Genernl Total funds a¢ 31 July 2024 Tangible lixed assets Fixed assel inv&sthients Current a&sets Current liabilities Crediiors over l year Tothl n¢t assets 292.582 133 169.033 (37,263) 258 794 292,582 133 169,033 (37,263) 258 794 165 691 165 691 Unrestrlcted fuDds GenerAI Total funds at 31 July 2023 Tangible fixed assets rixcd a&set investments Currenl asse(s Curr1 liabilities Creditors over l year 298,929 130 22,207 (40,382) (22,439) 298,929 130 22,207 (40,382) (22,439) Tothl net assgts 258 445 Page 22