2021-07-31-accounts - Elidyr Communities Trust

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	Page	Page
Report ofthe Trustees	1	to	4
Report ofthe Independent Auditors		Sloe
Consolidated Statement of Financial Activities
Charity Statement of Financial Activities		10
Consolidated Balance Sheet
Charity Balance Sheet		12
Consolidated Cash Flow Statement		13
Notes tothe Cash Flow Statement		14
Notes tothe Financial Statements	15	to	31
Detailed Consolidated Statement ofFinancial	32	Io 33
Activities

						2021	2020
				Unrestricted	Restricted	Total	Total
			Notes	funds f	funds	funds f	fundsf
INCOME AND ENDOWMENTS		FRONI
Donations and legacies			2	849	731,964	732,813	130,101
Charitable activities			5
Education and Inclusive	Lives			5,210,783		5,210,783	4,980,422
Other trading activities			3	375,126		375,126	164,164
Investment income			4	286		286	3,947
Other income				657		657	68
Total				5,587,701	731,964	8,319,665	5,278,702
EXPENDITURE ON
Charitable activities
Education and Inclusive	Lives			5,300,392		5,300,392	4,863,975
Trading Company Costs				98,129		98,129	105,181
Total Expenditure				5,398,521		5,398,521	4,969,156
NET INCOME BEFORE	TAXATION			189,180	731,964	921,144	309,546
Taxation				(1,514)		(1,514)
NET INCOME				187,666	731,984	919,630	309,546
Transfers between funds			21	701.300	~701.3907
Net movement in funds				889,064	30,566	919,630	309,546
RECONCILIATION OF FUNDS
Total funds brought forward				3,643,955	196,614	3,840,569	3,531,023
TOTAL FUNDS CARRIED FORWARD				4,033,D19	227,100	4.760.198	3,040.609

						2021	2020
				Unrestricted	Restricted	Total	Total
			Notes	funds f	funds f	funds f	fundsf
INCOME AND ENDOWMENTS		FROM
Donations and legacies			2	849	731,964	732,813	130,101
Charitable activities			5
Education and Inclusive	Lives			5,210,783		5,210,783	4,980,422
Other trading activities			3	254,553		254,553	66,781
Investment income			4	286		286	3,947
Other Income				517		517
Total				5,466,988	731,964	6,198,952	5,181,319
EXPENDITURE ON
Charitable activities
Education and Inclusive	Lives			5,300,392		5,300,392	4,863,975
NET INCOME				166,596	731,964	898,560	317,344
Transfers between funds			2D	701 979	~707,308)
Net movement in funds				867,994	30,566	898,560	317,344
RECONCILIATION OF FUNDS
Total funds brought forward				3,618,360	196,614	3,814,974	3,497,630
TOTAL FUNDS CARRIED FORWARD				4,486,354	227 180	~,7.13,334	3814974

C	ONSOLIDAT 31	ED BALANCE JULY2021	SHEET
				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
FIXEDASSETS	Notes			f	8
Tangible assets	13	3,487,699		3487,699	2,825,581
		3,487,699		3,487,699	2,825,581
CURRENTASSETS
Stocks Debtors Cash at bank	15 16	20,314 598,556 ~1.725990	227,180	20,314 598,556 ~1,953170	10,308 316,597 1,M0,322
		2,344,860	227,180	2,572,040	2,127,227
CREDITORS
Amounts falling due within one year	17	(753,383)		(753,383)	(541,201)
NET CURRENT ASSETS		1,591,477	227,180	1,818,657	1,586,026
TOTAL ASSETSLESSCURRENT
LIABILITIES		5,079,176	227,180	5,306,358	4,411,607
CREDITORS
Amounts falling due alter more than one year 18		(546,157)		(546,157)	(571,038)
NET ASSETS		4,533,019	227,180	~4,706199	~3,840569
FUNDS	21
Unrestricted funds Rsstricted funda				4,533,019 227,180	3.643,955 196614
TOTALFUNDS				4,760,199	3,840,569

	31	JULY 2021
				2021	2020
		Unrestricted	Restricted	Total	Total
	Notes	funds	funds 5	funds f	funds 5
FIXEDASSETS
Tangible assets	13	3,487,699		3,487,699	2,825,581
Investments	14	1		1	1
		3,487,700		3,487,700	2,825,582
CURRENT ASSETS
Stocks	15	20,314		20,314	10,308
Debtors Cash at bank	16	609,720 1.858,169	~227 180	609,720 1.885.349	353,289 1.725.481
		2,288,203	227,180	2,515,383	2,089,078
CREDITORS
Amounts falling due within one year	17	(743,392)		(743,392)	(528,648)
NET CURRENT ASSETS		~1,544 811	227,180	1,771,991	1,560,430
TOTAL ASSETSLESSCURRENT
LIASILlllES		5,032,511	227,180	5,259.691	4,386,012
CREDITORS
Amounts falling due aRsr more than one year 18		(546,157)		(546,157)	(571,038)
NETASSETS		4,486,354	227,180	4,713,534	3,814,974
FUNDS
Unrestricted funds Resslcted funds				4,486,354 227,180	3,618,360 196,614
TOTAL FUNDS				4713,534	3,814,974

		2021	2020
	Notes	6
Cash flows from operating	activities
Cash generated from operations 1		936,051	498,807
Net cash provided by operating activities		936,051	498,807
Cash flows from Investing	activities
Purchase oftangible fixed assets Sale oftangible fixed assets		(760,802) 2,480	(108,296) 1,400
Net cash used in investing activities		~738,322)	~796.896)
Cash flows from financing Loan repayments in year	activities	~24,887)	~27.792)
Net cash used in financing activities		~24.881)	~27,792)
Change in cash and cash	equivalents
in the reporting period		152,848	370,719
Cash and cash equivalents	at the
beginning ofthe reporting	period	1,800,322	1 429,683
Cash and cash equivalents	at the end
ofthe reporting period		1,953,170	1,800,322

NOT	ES TO THE CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31JULY2021	ES TO THE CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31JULY2021	ES TO THE CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31JULY2021	ES TO THE CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31JULY2021	ES TO THE CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31JULY2021	ES TO THE CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31JULY2021
RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
					2021 f	2020 f
Net income for the	reporting		period (as per the	Statement of
Financial Activities)					919,630	308,546
Ad]ustments for.
Depreciation charges					96,721	90,967
Profit on disposal of Increase in stocks (Increase)/decrease	fixed assets in debtors				(517) (10,006) (281,959)	(68) (288) 75,000
Increase in creditors					212 182	23,650
Net cash provided	by	operations			036051	498 0117
ANALYSIS OF CHANGES IN			NET FUNDS
				At 1.8.20	Cash flow f	At 31.7.21
Net cash
Cash at bank				I 0D0.322	152040	1,053,170
				1,80D.322	102,848	1053170
Debt
Debts falling due within 1 year Debts falling due after 1 year				(20,000) ~571,030)	24,001	(20,000) ~040.157)
				~091.038)	24081	~506,107)
Total				1,200,204	177,729	1,387.013

								Group	Group	Group	Charity	Charity	Charity
						f	2021			2020	2021		2020 f
	Farm income					3,125				3,558	3,125		3,558
	Other income				198,942					9,380	202,172		12,610
	Property Rental Income					27,345				29,116	30,213		29,116
	Agricultural grants					21,911				21,497	21,911		21,497
	Towy Valley Care	Income			123,803					100,613
					375,126					164,164	254,553		66,781
4.	INVESTMENT INCOME
								Group			Charity
						2021 f				2020 f	2021 f		2020 f
	Deposit Account interest						286			3,947	286		3,947
5.	INCOME FROM CHARITABLE				ACTIVITIES
							Group				Charity
					f	2021				2020 f	2021 f		2020 f
	Student fees and related		income		5,210,783					4,980,422	5,210,783		4,980,422
6.	CHARITABLE ACTIVITIES			COSTS
										Group Support
										Direct	costs (see
										Costs	note 7) f	Totals
	Education and Inclusive		Lives						5,148,465		151,927 5,300,392
	Trading Company	Costs								98,129		98,129
									5,245,594		151.921 5,395.521
7.	SUPPORT COSTS
	Support costs have been included F151,926(2020f155,804) was				within resources expended on charitable activities. During the year spent on support costs. An analysis ofsupport costs are as follows:-
	Support Costs										Total		Total
											2021 f	f	2020
											44,486		19,559
	Professional fees										34,162		38,919
	Auditors remuneration												8,964
	Bank charges										4,895		4,972
	Office expenses &	Advertising									43,826		64,551
	Bank loan interest										15,150	~18839
	TOTAL										151,927		155,804

AFF COSTS
	Group		Charity
	2021	2020	2021	2020
	8		6	6
Gross Salaries	3,635,006	3,382,341	3,656,612	3,301,931
Social Security Costs	286.175	227,097	279,777	220,796
Pension	73,462	56 911	72,424	56,107
	3,094643	3,660,349	4008.813	3,578634

e average	monthly number ofem	ployees during the ye	ar was a	s follows:
			Group		Charity
		2021		2020	2021	2020
Employed	staff	197		171	194	168

				Charity
		2021	2020	2021	2020
Highest	paid employees
680,001	- 890,000	1		1	1
		1	1	1	1

COMPARATIVES FOR	THE CONSOLIDATED	THE CONSOLIDATED	STATEMENT OF FINANCIAL ACTIVITIES	STATEMENT OF FINANCIAL ACTIVITIES	STATEMENT OF FINANCIAL ACTIVITIES	STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted		Restricted		Total
			funds		funds		funds
			5		L
INCOME AND ENDOWMENTS		FROM
Donations and legacies			101		130,000		130,101
Charitable activities
Education and Inclusive	Lives		4,980,422			4,980,422
Other trading activities			167,394				167,394
Investment income			3,947				3,947
Other income			68				68
Total			5,151,932		130,000	5,281,932
EXPENDITURE ON
Charitable activities
Education and Indusive	Lives		4,857,205		10,000	4,867,205
Trading Company Costs			105,181				105,181
Total			4,962,386		10,000	4,972,386
NET INCOME			189,546		120,000		309,546
Transfers between funds			76386	~,	76.386)
Net movement in funds			265,932		43,614		309,546
RECONCILIATION OF FUNDS
Total funds brought forward			3,378,023		153,000	3,531,023
TOTAL FUNDS CARRIED FORWARD			3,643,955		196,614	3,840,569

COMPARATIVES FOR	THE CH	ARITY STATEM	ENT OF FINANCIAL A	CTIVITIES
			Unrestricted	Restricted	Total
			funds	funds	funds
			f.	6	Z
INCOME AND ENDOWMENTS		FROM
Donations and legacies			101	130,000	130,101
Charitable activities
Student fees and related	Income		4,980,422		4,980,422
Other trading activities			66,781		66,781
Investment income			3,947		3,947
Other income			68		68
Total			5,051,319	130,000	5,181,319
Charitable activities
Education and Indusive	Lives		4,853,975	10,000	4,863,975
Total			4,853,975		4,863,975
NET INCOME			197,344	120,000	317,344
Transfers between funds			76 386	~76,386
Net movement in funds			273,730	43,614	317,344
RECONCILIATION OF FUNDS
Total funds brought forward			3,344,630	153,000	3,497,630
TOTAL FUNDS CARRIED FORWARD			3,618,360	196614	3814974

13.	FOR THE YEAR END TANGIBLE FIXEDASSETS—CONSOLIDATED	ED 31JULY 2021
		Freehold	Plant &
		prop and	machinery,
		farm	farm
		buildin	equlpm
		gs	entf	Totals f
	COST
	At 1 August 2020	4,329,154	1,047,551	5,376,705
	Additions	683,345	77,457	760,802
	Disposals Reclassification	18,7«	(5,292) ~78,771)	(5,292)
	At 31July 2021	5031210	1,101D05	8132215
	DEPRECIATION
	At 1 August 2020	1,597,131	953,993	2,551,124
	Charge for year Eliminated on disposal	62,267	34,454 96,721 ~3,329) ~3.320)
	At 31 July 2021	1,659,398	985,118	2,644,516
	NET BOOK VALUE
	At 31 July 2021	3,371,812	115,887	3,487,699
	At 31 July 2020	2 732.D23	93,558	2,825,581
13.	TANGIBLE FIXEDASSETS - CHARITY
		Freehold	Plant &
		prop and	machinery,
		farm	farm
		buildin	equlpm
		gsf	ent	Totals f
	COST
	At 1 August 2020	4,329,154	1,047,551	5,376,705
	Additions	683,345	77,457	760,802
	Disposals Reclassification	18,711	(5,292) ~78.71))	(5,292)
	At 31 July 2021	5,031,210	1,101,005	6,132,215
	DEPRECIATION
	At 1 August 2020	1,597,131	953,993	2,551,124
	Charge for year Eliminated on disposal	62,267	34,454 96,721 ~3,329) ~3,320)
	At 31 July 2021 NET BOOK VALUE At 31 July 2021	3371,812, 115,887 1,659,398 985,118		3,487,699 2,644,516
	At 31 July 2020	2,732,023	93,558	2,825,581

Nature ofbusiness: Provision ofcare	Nature ofbusiness: Provision ofcare	services
Class ofshare		holding
Ordinary		100
			2021	2020
			6
Aggregate	capital and reserves		46,665	25,596
Profit/(loss)	for the year		21,070	~7,798)

		Group	Group	Charity
		2021	2020	2021	2020
		E	6	E	6
Farm	Stock	2,695	3,007	2,695	3,007
Shop	Stock	17,619	7,301	17,619	7,301
		20,314	~10308	20314	10,308

DEBTORS:ANIOUNTS	FALLING DUE	WITHIN ONE YEAR	WITHIN ONE YEAR
		Group		Charity
		2021 6	2020 f	2021 E	2020 6
Trade debtors		294,753	255,370	284,426	244,257
Amounts owed by group	underlakings			21,491	47,805
Other debtors		244,341	3,980	244,341	3,980
Prepayments		59,462	57,247	59,462	57,547
		598,556	316,597	609720	353,589

CREDITORS: AMOUNTS FALLING	DUE WITHIN ONE YEA	R
	Group		Charity
	2021 F	2020 f	2021	2020
Bank loans and overdrafts	20,000	20,000	20,000	20,000
Trade creditors	343,033	125,983	342,715	125,983
Social security and other taxes	105,200	54,005	101,057	52,651
Other creditors	207,990	181,255	202,460	170,056
Accrued expenses	55,546	159,958	55,546	159,958
Deferred income	21,614		21,614
	753,383	541,201	743,392	528,648

19.	LOANS		F	OR THE YEAR ENDED 31JULY 202	OR THE YEAR ENDED 31JULY 202	1
	An analysis	ofthe maturity	of	loans is given below:
						2021	2020
						9
	Amounts falling due within		one year on demand:
	Bank overdrafts and loans					20,000	20,000
	Amounts falling due between			two and five	years:
	Bank loans	- 2-5years				112,000	112,000
	Amounts falling due in more than five years:
	Repayable	by instalments:
	Bank loans	more 5yr by instal				434,157	459,038
20.	SECURED	DEBTS
	The following secured debts are included				within creditors:
						2021 f	2020 6
	Bank loans					566,157	591,038

MOVEM	ENT	IN F	UNDS —	CONSOLID	ATED
						Net	Transfers
						movement	between	At
					At 1.8.20 f	in funds f	funds f	31.7.21 f
Unrestricted		funds
General	fund				935,228	163,366	17,659	1,116,253
General	fund	—Towy Valley		Care	25,595	24,300	(3,230)	46,665
Limited
Designated funds			—Fixed assets		2,234,543		686,969	2,921,512
Designated fund - Learning				Hub	448,589			448,589
					3,643,955	187,666	701,398	4,533,019
Restricted funds
The Big Learning	Lottery Fund Hub				196,614	681,964 50,000	(681,964) ~19,434)	227,180
					196,614	131.964	~19,434)	227,180
TOTAL	FUNDS				3,840,569	919,630		4 269199

Net mov	ement	in funds, included in the above are	as follows:
			Incoming	Resources	Movement
			resources f	expended f	in funds
Unrestricted		funds
General	fund		5,463,758	(5,300,392)	163,366
General	fund	—Towy Valley Care Limited	123,803	(99,503)	24,300
Restricted funds
The Big	Lottery Fund		681,964		681,964
Learning	Hub		50,000		50,000
			731,964		731,964
TOTAL	FUNDS		6,319,525	)5.399.695)	919,639

				Net	Transfers
				movement	between	At
			At 1.8.20	in funds 6	funds f	31.7.21 5
Unrestricted funds
General	fund		935,228	166,596	14,429	1,116,253
Designated funds - Fixed assets			2,234,543		686,969	2,921,512
Designated fund - Learning		Hub	448,589			448,589
			3,618,360	166,596	701,398	4,486,354
Restricted funds
The Big	Lottery Fund			681,964	(681,964)
Learning	Hub		196,614	50,000	(19,434)	227,180
TOTAL	FUNDS		3.014,074	808.560		4,713.534

Compara	tive	net movement in funds, in	cluded in the above are as follow	s:
			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted		funds
General	fund		5,466,988	(5,300,392)	166,596
Restricted funds
The Big	Lottery Fund		681,964		681,964
Learning	Hub		50,000		50,000
			731,964		731,964
TOTAL	FUNDS		6.198.952	J5.300 3927	890,560

Comparative	s fo	r moveme	nt	in funds	- CONSOLIDATED
						Net	Transfers
						movement	between	At
					At 1.8.19	in funds f	funds f	31.7.20f
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	fund - Recruitment			Fund	16,925		(16,925)
Designated	fund - Learning		Hub		150,000		298,589	448,589
					3,378,023	189,546	76,386	3,643,955
Restricted funds
Learning Hub					153000	120000	~76386	196614
TOTAL FUNDS					3,631023	3D9 646		3.840,569

Compara	tive	net movement in funds, included in t	he above are as follo	ws:
			Incoming	Resources	Movement
			resources f	expended f		in funds f
Unrestricted		funds
General	fund		5,058,089	(4,863,975)		194,114
General	fund	- Towy Valley Care Limited	100,613	(105,181)		(4,568)
Restricted funds
Learning	Hub		120,000			120,000
Climate	top up grant		10,000	(10,000)
TOTAL	FUNDS		5,288,702	~4,079,7061		3D0,540

					Net	Transfers
					movement	between	At
				At 1.8.19	in funds	funds	31.7.20
						f	6
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	fund - Asbestos	work		40,000		(40,000)
Designated	fund - Recruitment		Fund	16,925		(16,925)
Designated	fund - Learning	Hub		150,000		298,589	448,589
				3,344,630	197,344	76,386	3,618,360
Restricted funds
Learning Hub				153,000	120,000	(76,386)	196,614
TOTAL FUNDS				3497 639	317.344		3,814,974

Net mov	ement	in funds, included in the	above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
			6
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		5,181,319	~4863,975)	317,344

A current year 12 months a	nd	prior year	12months combi	ned position i	s as follows:
				Net	Transfers
				movement	between	At
			At 1.8.19 8	in funds f	funds	31.7.21 F
Unrestricted funds
General fund			940,354	370,400	(194,501)	1,116,253
General fund - Towy Valley	Care		33,393	19,732	(6,460)	46,665
Limited
Designated funds - Fixed assets			2,197,351		724,161	2,921,512
Designated fund - Asbestos	work		40,000		(40,000)
Designated fund - Recruitment		Fund	16,925		(16,925)
Designated fund - Learning	Hub		150,000		298,589	448,589
			3,378,023	383,672	771,324	4,533,019
Restricted funds
The Big Lottery Fund Learning Hub			153,000	681,964 170,000	(681,964) ~00.020)	227,180
			153,000	8~1.904	~777.7841	227,180
TOTAL FUNDS			3,531,023	1,215,904		4,760,199

above a	re as follows:		,
		Incoming	Resources	Movement
		resources	expended	in funds
		6	8	6
Unrestricted funds
General	fund	10,746,263	(10,369,051)	377,212
Restricted funds
Climate The Big Learning	top up grant Lottery Fund Hub	10,000 681,964 170,000 061.064	(10,000) (681,'964) ~96.020) ~707704). 74,180 74,180
TOTAL	FUNDS	11,608,227	(11,156,835)	451,392

		Net	Transfers
		movement	between	At
	At 1.8.19	in funds f	funds f	31.7.21f
Unrestricted funds
General fund Designated funds - Fixed assets	940,354 2,197,351	363,940	(188,041) 724,161	1,116,253 2,921,512
Designated fund - Asbestos work Designated fund - Recruitment Fund Designated fund - Learning Hub	40,000 16,925 150,000		(40,000) (16,925) 298,589	448,589
Restricted funds	3,344,630	363,940	777,784	4,486,354
The Big Lottery Fund Learning Hub	153,000	681,964 170.00D	(681,964) ~90,020)	227,180
	1530DO	051,064	~777784),	227,180
TOTAL FUNDS	3,497,630	1,215,904		4,713,534

in the ab	ove are as follows:			,
		Incoming	Resources	Movement
		resources f	expended f	in funds F
Unrestricted funds
General	fund	10,518,307	(10,154,367)	363,940
Restricted funds
The Big	Lottery Fund	681,964		681,964
Learning Climate	Hub Top up grant	170,000 10,DDO	~70,000)	170,000
		861,904	~70,000)	851.964
TOTAL	FUNDS	11,380,271	(10,164,367)	1,215,904