2020-07-31-accounts - Elidyr Communities Trust

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					Page
Report ofthe	Trustees			1	to	5
Report ofthe	Independent Auditors			6	to	7
Consolidated	Statement of Flnanclal		Actlvltles
Charity Statement ofFlnanclal Actlvkles
Consolidated	Balance Sheet				10
Charity Balance Sheet
Consolidated	Cash Flow Statement				12
Notes to the	Cash Flow Statement				13
Notes to the	Flnanclal Statements			14	to	30
Detailed Consolidated Statement		of	Flnanclal	31	to	32
Actlvltles

						2020	2019
				Unrestricted	Restricted	Total	Total
			Notes	funds f	funds 5	funds f	funds 5
INCOME AND ENDOWMENTS		FROM
Donations and legacies			2	101	130,000	130,101	167,014
Charitable activities			5
Student fees and related	income			4,980,422		4,980,422	4,690,260
Other trading activities Investment income Other Income			3 4	167,394 3,947		187,394 3,947 88	159,833 4,738 ~21
Total				5,151,932	130,000	5,281,932	5,021,822
EXPENDITURE ON
Raising funds							9,600
Charitable activities			7
Establishment expenses				877,239	10,000	887,239	802,435
Educational and General	Expenses			3,988,789		3,968,789	3,790,473
Farm expenses				11,177		11,177	7,492
Trading company costs				105,181		105,181	103,289
Total				4,962,386	10,000	4,972,386	4,713,269
NET INCOME				189,548	120,000	309,546	308,553
Transfers between funds			~76386		~76386
				265,932	43,614	309,546	308,553
RECONCILIATION OF FUNDS
Total funds brought forward				3,378,023	153,000	3,531,023	3,222,470
TOTAL FUNDS CARRIED FORWARD				3643955	196614	3,840569	3531023

						2020	2019
				Unrestricted	Restricted	Total	Total
			Notes	funds f	funds 8	funds 8	funds 8
INCOME AND ENDOWMENTS		FROM
Donations and legacies			2	101	130,000	130,101	187,014
Charitable activities			5
Student fees and related	Income			4,980,422		4,980,422	4,690,280
Other trading activities			3	66,781		66,761	63,019
Investment income Other Income			4	3,947 68		3,947 68	4,784 ~21)
Total				5,051,319	130,000	5,181,319	4,925,036
EXPENDITURE ON
Raising funds							9,600
Charitable activities
Establishment expenses				877,239	10,000	887,239	802,435
Educational and General	Expenses			3,965,559		3,965,559	3,790,473
Farm expenses				11,177		11,177	7,492
Total				4,853,975	10,000	4,863,975	4,610,000
NET INCOME				197,344	120,000	317,344	315,036
Transfers between funds			~76386		~75386
				273,730	43,814	317,344	315,036
RECONCILIATION OF FUNDS
Total funds brought forward				3,344,630	153,000	3,497,630	3,182,594
TOTAL FUNDS CARRIED FORWARD			~3618360		198614	3814974	3497630

		31J	ULY 2020
					2020	2019
			Unrestricted	Restricted	Total	Total
			funds	fUnds	funds	funds
		Notes 8		f	8
FIXEDASSETS
Tangible assets		13	~2825 581		2 825 581	~2 609584
			2,825,581		2,825,581	2,809,584
CURRENT ASSETS
Stocks		15	10,308		10,308	10,020
Debtors		18	316,597		316,597	368,767
Cash at bank			~1603708	198614	1 800 322	1 429803
			1,930,613	196,614	2,127,227	1,808,390
CREDITORS
Amounts falling due within	one year	17	(541,201)		(541,201)	(494,721)
NET CURRENT ASSETS			~1389412	~196814	~1588026	~1313889
TOTAL ASSETSLESSCURRENT
LIABILITIES			4,214,993	198,614	4,411,607	4,123,253
CREDITORS
Amounts falling due after more then one		year 18	(571,038)		(571,038)	(592,230)
NET ASSETS			3643955	~196614	~3840589	~3531023
FUNDS		21
Unrestricted funds Restricted funds					3,643,955 ~196614	3,378,023 ~153000
TOTAL FUNDS					~3840,569	~3531023

				2020	2019
		Unrestricted	Restricted	Total	Total
	Notes	funds 8	funds f	funds E	fundsf
FIXEDASSETS
Tangible assets	13	2,825,581		2,825,581	2,809,584
Investments	14	1		1	1
		2,825,582		2,825,582	2,809,585
CURRENT ASSETS
Stocks	15	10,308		10,308	10,020
Debtors	16	353,289		353,289	412,019
Cash at bank	~1528,867		196814	~1725481	~1351053
		1,892,464	198,614	2,089,078	1,773,092
CREDITORS
Amounts falling due within one year	17	(528,848)		(528,648)	(492,817)
NET CURRENT ASSETS	~1363816		198614	~1560430	~1280275
TOTAL ASSETS LESSCURRENT
LIABILITIES		4,189,398	196,814	4,386,012	4,089,860
CREDITORS
Amounts falling due after more than one	year 18	(571,038)		(571,038)	(592,230)
NET ASSETS	~3618360		~196614	~3814974	~3497830
FUNDS	21
Unrestricted funds Restricted funds				3,618,360 ~196614	3,344,630 ~153000
TOTAL FUNDS				3814974	~3497630

			Notes	2020 f	2019
Cash flows from operating		activities
Cash generated from operations			1	498,807	843,050
Taxation paid
Net cash provided by operating activities				~498 807	~643 050
Cash flows from Investing		actlvkles
Purchase of tangible fixed assets Sale oftangible fixed assets				(108,296) ~1400	(80,075)
Net cash used in investing	activities			106896	~80075)
Cash flows from financing Loan repayments in year		actlvkles		~21 192	19783
Net cash used in fi'nanclng	activities			~21 192)	~19783)
Change ln cash and cash		equivalents
In the reporting period				370,719	543,212
Cash and cash equivalents		at the
beginning ofthe reporting		period		~1429803	886 391
Cash and cash equivalents		at the end
ofthe reporting period				~1800322	~1,429803

RECONCILIATION ACTIVITIES	OF NET IN	COME TO NET CASH FLOW FROM O	PERATING
			2020	2019
			f	f
Net Income for the	reporting	period (as per the Statement of
Financial Activities)			309,546	308,553
Ad)ustments for:
Depreciation charges			90,967	97,788
(Profit)/loss on disposal offixed		assets	(68)	21
(Increase)/decrease	in stocks		(288)	2,470
Decrease in debtors Increase in creditors			75,000 23,650	104,589 ~129631
Net cash provided	by operations		498 807	643 050

ANALYSIS OF CHANG
	At 1.8.19 f	Cash flow f	At 31.7.20 6
Net cash
Cash at bank	~1429603	~349527	~1800322
	~1,429 803	~349527	~1,800322
Debt
Debts falling due within 1 year Debts falling due after 1 year	(20,000) ~592230	~21 192	(20,000) ~571038
	~612230)	~21 192	~591038
Total	~817373	~370719	~1134,443

activities on an al	location basis. An	analysis of support co	sts are as follo	ws:-
Support Costs	Establishment	Educational &	Farm	Total	Total
	Expenses	General	Costs	2020 f	2019 F
Information
Technology	2,178	17,354	27	19,559	50,179
Professional
fees	4,333	34,531	55	38,919	41,121
Auditors
remuneration	1,178	9,391	18	10,585	10,102
Bank charges	593	4,729	7	5,330	5,631
Office
expenses	7,187	57,274	91	64,551	31,827
&Advertising
Bank loan
Interest	2097	16715	26	18839	20tl88
TOTAL	17668	138994	222	157762	158,728

STAFF COSTS
		Group		Charity
	2020		2019	2020	2019
	5		5		5
Gross Salaries Social Security Costs	3,382,341 227,097		3,163,102 235,681	3,301,931 220,796	3,081,707 229,213
Pension	56	911	64735	56 157	54151
	3 M8	349	3453 519	3 575 534	3 3551111

average	monthly number ofem	ployees during the ye	ar was a	s follows;
		2020	Group	2019	Charity 2020	2019
Employed	staff	171		165	168	162

ellts	(excludi	ng employer	pension costs	) exce
	Group		Charity
2020		2019	2020	2019

Highest	paid employees
880,001	- 590,000

				Unrestricted	Restricted	Total
			Notes	funds 6	funds f	funds 5
INCOME AND ENDOWMENTS		FROM
Donations and legacies			2	1,918	165,096	167,014
Charitable activities			5
Student fees and related	income			4,690,260		4,690,260
Other trading activities Investment income Other income			3 4	159,833 4,764 ~21)		159,833 4,764 ~21
Total				4,856,726	185,096	5,021,822
EXPENDITURE ON
Raising funds			6	9,800		9,600
Charitable activities			7
Establishment expenses				802,435		802,435
Educational and General	Expenses			3,790,473		3,790,473
Farm and Garden expenses Trading company costs				7,492 ~103269		7,492 ~103269
Total				4,713,269		4,713,269
NET INCOME				143,457	165,098	308,553
Transfers between funds			21	39,106	(39,106)
				182,563	125,990	308,553
RECONCILIATION OF	FUNDS
Total funds brought forward				3,195,460	27,010	3,222,470
TOTAL FUNDS CARRIED FORWARD				~3378023	153000	~3531023

COMPARATIVES FOR	THE CH	ARITY STATEM	ENT OF FINANCIAL A	CTIVITIES
			Unrestricted	Restricted	Total
			funds f	funds f	funds 5
INCOME AND ENDOWMENTS		FROM
Donations snd legacies			1,918	165,096	167,014
Charitable activities
Student fees end related	income		4,890,280		4,690,260
Other trading sc5vllles			63,019		63,019
Investment income Other income			4,784 ~21)		4,764 ~21)
Total			4,759,940	165,098	4,925,036
EXPENDITURE ON
Raising funds			9,800		9,600
Charitable activities
Establishment expenses			802,435		802,435
Educational and General	Expenses		3,790,473		3,790,473
Farm expenses			7,492		7,492
Total			4,610,000		4,810,000
NET INCOME			149,940	165,096	315,036
Transfers between funds			~39106	~39106
Net movement In funds			189,046	125,990	315,038
RECONCILIATION OF FUNDS
Total funds brought forward			3,155,584	27,010	3,182,594
TOTAL FUNDS CARRIED FORWARD			~3344630	~153000	~3497630

TANGIBLE FIXEDASSETS - CONSOLIDATED
	Freehold	Plant &
	prop and	machinery,
	farm	farm
	buildings	equipment
			Totals f
COST
At 1 August 2019	4,261,138	1,020,406	5,281,544
Additions Disposals	68,016	40,280 ~115353	108,296 ~11535
At 31 July 2020	~4329 154	~1049151	~5378305
DEPRECIATION
At 1 August 2019	1,534,864	937,096	2,471,960
Charge for year Eliminated on disposal	62,267	28,700 ~10203	90,987 ~10203)
At 31 July 2020	~1697131	~955593	~2552 724
NET BOOK VALUE At 31 July 2020	~2732 023	~93558	~2,825 581
At 31 July 2019	~2726 274	~83 310	~2809 584
TANGIBLE FIXEDASSETS - CHARITY
	Freehold	Plant 8
	prop and	machinery,
	farm	farm
	buildings	equipment
		ef	Totals f
COST
At 1 August 2019	4,261,138	1,018,806	5,279,944
Additions Dlsposals	68,016	40,280 ~11535	108,296 ~11535)
At 31 July 2020	~4329 154	~1047551	~5376705
DEPRECIATION
At 1 August 2019	1,534,864	935,496	2,470,360
Charge for year Eliminated on disposal	62,267	28,700 ~10203	90,967 ~10203)
At 31 July 2020	~1597131	~953993	2 551 124
NET BOOK VALUE
At 31 July 2020	~2732 023	93558	~2825 581
At 31 July 2019	~2726 274	~83 310	~2809 584

FIXEDASSET INVESTMENTS - CHARITY	Shares group undertakin f
MARKET VALUE
At 1 August 2019end 31 July 2020
NET BOOK VALUE
At 31 July 2020	1
At 31 July 2019	1

			FOR THE YEAR ENDE	FOR THE YEAR ENDE	FOR THE YEAR ENDE	FOR THE YEAR ENDE	FOR THE YEAR ENDE	D 31JULY 2	D 31JULY 2	020
17.	CREDITORS:	AMOUNTS	FALLING DUE WITHIN					ONE YEAR
								Group			Charity
								2020		2019	2020	2019
							f			f
	Bank loans and overdrefts						20,000			20,000	20,000	20,000
	Trade creditors						125,983		160,712		125,983	180,712
	Social security	and other taxes					54,005			59,998	62,651	59,522
	Other creditors						181,255		173,370		170,058	171,942
	Accrued expenses						159,958			80,641	159,958	80,641
						tt1		2111	494721		9289tt	492817
18.	CREDITORS:	AMOUNTS	FALLING DUE AFTER					MORE THAN		ONE YEAR-
	CONSOLIDATED &CHARITY
											2020	2019
											f	f
	Bank loans (see note 19)										~571 038	~592 230
18.	LOANS
	An analysis ofthe maturity		of	loans is given		below:
											2020	2019
											f	f
	Amounts falling	due within	one year on demand:
	Bank overdraRs	and loans									~20 000	20 000
	Amounts falling	due between		two and five	years:
	Bank loans - 2-5 years										~112 000	~112000
	Amounts falling	due in mors than five years:
	Repayable by Instelments:
	Bank loans more 5yr by instal										459,038	480,230
20.	SECURED DEBTS
	The following secured debts are induded				witriin		creditors:
											2020 f	2019 f
	Bankloans										~591 038	~612230

MOVEMENT	IN F	UNDS - C	O	TED
					Net	Transfers
					movement	between	At
				At 1.8.19 6	in funds f	funds 6	31.7.20 6
Unrestricted	funds
General fund				940,354	194,114	(199,240)	935,228
General fund - Towy Valley			Care	33,393	(4,568)	(3,230)	25,595
Limited
Designated	funds	- Fixed assets		2,197,351		37,192	2,234,543
Designated	fund - Asbestos		work	40,000		(40,000)
Designated Designated	fund - Recruitment Fund fund- Learning Hub			18,925 ~150000		(16,925) ~298589	~448 589
				3,378,023	189,546	76,386	3,643,955
Restricted	funds
Learning Hub				153,000	120,000	(76,386)	196,614
TOTAL FUNDS				~3531 023	~309546		~3840 569

Net mov	ement	In funds, induded in the above are	as follows:
			Incoming	Resources	Movement
			resources f	expended	in funds f
Unrestricted		funds
General	fund		5,058,089	(4,883,975)	194,114
General	fund	- Towy Valley Care Limited	100,813	(105,181)	(4,568)
Restricted funds
Learning	Hub		120,000		120,000
Climate	top up grant		10,000	(10,000)
TOTAL	FUNDS		~5288 702	~4979 158	~309548

MOVEMEN	T IN FUNDS -	CHA	RITY
					Net	Transfers
					movement	between	At
				At 1.8.19 f	In funds f	funds 8	31.7.20 f
Unrestricted	funds
General fund				940,354	197,344	(202,470)	935,228
Designated	funds - Fixed assets			2,197,351		37,192	2,234,543
Designated	lbnd - Asbestos	work		40,000		(40,000)
Designated Designated	fund - Recruitment fund - Learning Hub		Fund	16,925 ~150000		(16,925) ~298 589	~448 589
				3,344,630	197,344	76,386	3,618,380
Restricted	funds
Learning Hub				153,000	120,000	(76,388)	196,614
TOTAL FUNDS				~3497830	317344		~3814974

Net mov	ement in funds, Included In the	above ars ss follows:
		Incoming	Resources	Movement
		resources f	expended f	in funds 5
Unrestricted funds
General	fund	5,051,319	(4,853,975)	197,344
Restricted funds
Learning	Hub	120,000		120,000
Climate	Top up grant	10,000	(10,000)
TOTAL	FUNDS	~5181319	~4863 975)	~317344

					Net	Transfers
					movement	between	At
				At 1.8.18 f	In funds f	funds f	31.7.19 f
Unrestricted	funds
General fund				829,203	151,452	(40,301)	940,354
General fund —Towy Valley		Care		39,876	(6,483)		33,393
Limited
Designated	funds - Fixed assets			2,167,944		29,407	2,197,351
Designated	fund - Asbestos	work		40,000			40,000
Designated	fund- Sports &	Music		1,512	(1,512)
Designated	fund - Recruitment		Fund	16,925			18,925
Designated	fund - Learning	Hub				150,000	150,000
Designated	fund - Supported		Living
House				100000		~100000)
				3,195,460	143,457	39,106	3,378,023
Restricted funds
Bren Yard Cafe Big Lottery Fund Grant				27,010	3,000 6,096	(3,000) (33,106)
Gymnausium Learning Hub					3,000 153000	(3,000)	~153000
				27010	165096	~39106)	~153000
TOTAL FUNDS				~3222 470	~308553		~3531023

Comparative net movement in funds, Included in	the above sre ss follow	s:
	Incoming	Resources	Movement
	resources f	expended f	In funds f
Unrestricted funds
General fund	4,759,940	(4,808,488)	151,452
General fund —Towy Valley Care Limited Designated fund - Sports & Music	104,560	(111,043) ~1512	(8,483) ~1512)
	4,864,500	(4,713,269)	143,457
Restricted funds
Bran Yard Cafe	3,000		3,000
Big Lottery Fund Grant	8,096		6,096
Gymnsusium Learning Hub	3,000 ~153000		3,000 ~153000
	165096		~165096
TOTAL FUNDS	~5021 822	(4,713,269)	~308553

					Net	Transfers
					movement	between	At
				At 1.8.18 f	in funds f	funds	31.7.19 8
Unrestricted	funds
General fund				829,203	151,452	(40,301)	940,354
Designated	funds - Fixed assets			2,187,944		29,407	2,197,351
Designated	fund - Asbestos	work		40,000			40,000
Designated	fund - Sports &	Music		1,512	(1,512)
Designated	fund - Recruitment		Fund	16,925			16,925
Designated	fund - Learning	Hub				150,000	150,000
Designated	lund - Supported		Living
House				100000		100000
				3,155,584	149,940	39,108	3,344,630
Restricted funds
Bren Yard Cafe					3,000	(3,000)
Big Lottery Fund Grant				27,010	6,096	(33,108)
Gymnauslum Learning Hub					3,000 ~153000	(3,000)	~153000
				~27010	~165096	~39 106	~153000
TOTAL FUNDS				3182594	315036	-	3497 630

Comparative net movement In funds, included	in the above are as follow	s:
	Incoming	Resources	Movement
	resources f	expended 8	In funds 5
Unrestricted funds
General fund Designated fUnd - Sports & Music	4,759,940	(4,808,488) ~1512	151,452 ~1512)
Restdcted funds	4,759,940	(4,610,000)	149,940
Bran Yard Cafe	3,000		3,000
Big Lottery Fund Grant	8,098		8,098
Gymnaueium Learning Hub	3,000 153000		3,000 ~153000
	~165096		~165096
TOTAL FUNDS	~4925 036	(4,610,000)	~315036

					Net	Transfers
					movemsnt	between	At
				At 1.8.18 f	in funds 8	funds 8	31.7.20 f
Unrestricted	funds
General fund				829,203	345,566	(239,641)	935,228
General fund —Towy Valley		Cars		39,876	(11,051)	(3,230)	25,595
Limited
Designated	funds - Fixed assets			2,167,944		68,599	2,234,543
Designated	fund - Asbestos	work		40,000		(40,000)
Designated	fund - Sports &	Music		1,512	(1,612)
Designated	fund - Recruitment		Fund	16,925		(16,925)
Designated	fund - Learning	Hub				448,589	448,689
Designated	fund - Supported		Living
House				100000		100000
				3,195,460	333,003	115,496	3,643,955
Restricted funds
Bran Yard Cafe					3,000	(3,000)
Big Lottery Fund Grant				27,010	6,096	(33,108)
Gymnausium Learning Hub					3,000 273 000	(3,000) ~76386)	~198614
				27010	285098	~115492	198614
TOTAL FUNDS				3222470	618099		~3840669

A current year 12 months and prior year 12 mont above are as follows:	hs combined net move	ment in funds,	Included in th
	Incoming	Resources	Movement
	resources f	expended 6	In funds 6
Unrestricted funds
General fund	9,800,255	(9,454,889)	345,566
General fund —Towy Valley Care Limited Designated fund - Sports & Music	205,173	(216,224) ~1512)	(11,051) ~1512)
	10,005,428	(9,672,425)	333,003
Restricted funds
Bran Yard Cafe	3,000		3,000
Big Lottery Fund Grant	6,096		8,098
Gymnausium	3,000		3,000
Learning Hub Climate Top up grant	273,000 10000	~10000)	273,000
	~295 096	~10000)	285 096
TOTAL FUNDS	10300524	~9682425)	818099

					Net	Transfers
					movement	between	At
				At 1.8.18 f	In funds f	funds	31.7.20 f
Unrestricted	funds
General fund				829,203	348,796	(262,771)	915,228
Designated	funds - Fixed assets			2,167,944		86,599	2,264,543
Designated	fund - Asbestos	work		40,000		(40,000)
Designated	lund - Sports &	Music		1,512	(1,512)
Designated	fund - Recruitment		Fund	18,925		(16,925)
Designated	fund - Learning	Hub				448,589	448,589
Designated House	fund - Supported		Living	~100000		~100000)
Restricted funds				3,155,584	347,284	116,492	3,818,360
Bran Yard Cafe					3,000	(3,000)
Big Lottery Fund Grant				27,010	6,096	(33,106)
Gymnausium Learning Hub					3,000 273 000	(3,000) ~6386	196614
				~27 010	~285 096	~115492)	~196614
TOTAL FUNDS				3182594	632380		~3814974

A current year 12 months and prior year 12 m above are as follows:	onths combined net move	ment in funds,	Included in th
	Incoming	Resources	Movement
	resources f	expended f	in funds f
Unrestricted funds
General fund Designated fund - Sports & Music	9,811,259	(9,462,463) ~1512)	348,796 ~15t2)
	9,821,259	(9,473,975)	347,284
Restricted funds
Bran Yard Cafe	3,000		3,000
Big Lottery Fund Grant	8,096		6,096
Gymnausium	3,000		3,000
Learning Hub Climate Top up grant	273,000 ~10000	~10000)	273,000
	~295096	~10000	~285 098
TOTAL FUNDS	117153355	~94T3 975	3323317

				ELIDYR COMMUNITIES TRUST LTD
CONSOLIDATED				DETAILED STATEMENT OF FINANCIAL	ACTIVITIES
				FOR THE YEAR ENDED 31JULY 2020
					2020	2019
					6	6
INCOME AND ENDOWMENTS
Donations and legacies
Grants and donations					130,101	167,014
Other trading activities
Farm income					3,558	4,783
Other income					28,282	27,961
Property rental income					13,444	10,592
Agricultural grants Supportfees					21,497 ~100613	19,683 ~104560
					167 394	159)833
Investment Income
Deposit Account Interest					3,947	4,736
Charitable activities
Student fees and related		Income			4,980,422	4,890,260
Other Income (Loss)/Gain on sale of	tangible		fixed assets		88	~21
Total Incoming resources					6,281,932	5,021,822
EXPENDITURE
Raising donations and		legacies
Fundraising costs						9,600
Charitable activities
Wages					3,688,349	3,453,619
Volunteer costs					38,751	37,301
Telephone and fax					18,049	17,848
Hire of equipment					8,693	8,812
Educational resources	and materials				40,253	28,553
Training courses and conferences					17,902	39,309
Travel and coach hire					15,809	24,393
Subscriptions					2,383	2,756
Motor expenses					98,742	108,954
Speech and language	therapist				22,002	20,790
Medical					1,223	898
Staff recruitment					28,854	27,473
Rates and water					20,399	25,579
Insurance					47,249	45,599
Light and heat					116,276	141,192
Food snd household					226,585	204,291
Waste removal					19,011	18,271
Building & site					259,530	163,855
Equipment fixtures & fittings					59,619	55,189
Depredation oftangible		fixed assets			90,968	97,786

			ELIDYR COMMUNITIES TRUST LTD
			DETAILED STATEMENT OF FINANCIAL ACTIVITIES
			FOR THE YEAR ENDED 31JULY 2020
				2020	2019
				6	F
Charitable activities
Psychology costs Farm expenses				6,780 ~11177	15,000 ~7433
				4,814,804	4,544,803
Support costs
Supportcosts
Auditors' remuneration				10,584	10,102
Computer costs				19,569	50,179
Legal and professional			fees	38,919	41,121
Bank charges				5,330	6,831
Office expenses Loan interest		& advertising		64,551 ~18839	31,786 20 068
				~157782	~158886
Totalresources	expended			~4972 388	~4713269
Net Income				~309546	~308653