2022-07-31-accounts - Elidyr Communities Trust

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			Page	Page
Report ofthe	Trustees		1	to	4
Report ofthe	Independent Auditors			5to8
Consolidated	Statement of Financial Activities
Charity Statement of Financial Activities				10
Consolidated	Balance Sheet
Charity Balance Sheet				12
Consolidated	Cash Flow Statement
Notes to the	Cash Flow Statement
Notes to the	Financial Statements		15 to		27
Detailed Consolidated Statement		of Financial	25	to	29
Activities

						2022	2021
				Unrestricted	Restricted	Total	Total
				funds	funris	funds	funds
			Notes	2	8	6	2
INCOME AND ENDOWMENTS		FROM
Donations and legacies			2	4,378	135,194	139,572	849
Charitable activities			5
Resident Services				5,354,641	186,036	5,540,677	5,942,747
Other trading activities			3	207,513		207,513	375,126
Investment income			4	312		312	286
Other income				500		500	657
Total				5,567,344	321,230	5,888,574	6,319,665
EXPENDITURE ON
Charitable activities
Resident Services				5,242,742		5,242,742	5,300,392
Trading Company Costs				98,216		98,216	98,129
Total Expenditure				5,340,958		5,340,958	5,398,521
NET INCOME BEFORETAXATION				226,386	321,230	547,616	921,144
Taxation				(3,199)		(3,199)	(1,514)
NET INCOME				223,187	321,230	544,417	921,144
Transfers between	funds		21	540,215	~540,215)
Net movement in funds				763,402	(218,985)	544,417	919,630
RECONCILIATION OF FUNDS
Total funds brought	forward			4,533,019	227,180	4,760,199	3,840,569
TOTAL FUNDS CARRIED FORWARD				5,296,421	8,195	5,304,616	4,760,199

						2022	2021
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	6		f
INCOME AND ENDOWMENTS		FROM
Donations and legacies			2	4,378	135,194	139,572	849
Charitable activities
Resident Services				5,354,641	186,036	5,540,677	5,942,747
Other trading activities				92,403		92,403	254,553
Investment income				312		312	286
Other income				500		500	517
Total				5,452,234	321,230	5,773,464	6,198,952
EXPENDITURE ON
Charitable activities			6
Resident Services				5,242,743		5,242,743	5,300,392
NET INCOME				209,491	321,230	530,721	898,560
Transfers between	funds		20	540,215	~540,215)
Net movement in funds				749,706	(218,985)	530,721	898,560
RECONCILIATION OF FUNDS
Total funds brought	forward			4,486,354	227,180	4,713,534	3,814,974
TOTAL FUNDS CARRIED FORWARD				5,236,060	8,195	5,244,255	4,713,534

	31 J	ULY 2022
				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	6	f	f	6
FIXEDASSETS
Tangible assets	12	4,456,662		4,456,662	3,487,699
		4,456,662		4,456,662	3,487,699
CURRENT ASSETS
Stocks	14	14,133		14,133	20,314
Debtors	15	567,837		567,837	598,556
Cash at bank		1,196,083	8,195	1,204,278	1,953,170
		1,778,053	8,195	1,786,248	2 572 040
CREDITORS
Amounts falling due within one year	16	(421,270)		(421,270)	(753,383)
NET CURRENT ASSETS		1,356,783	8,195	1,364,978	1,818,657
TOTAL ASSETS LESS CURRENT LIABILITIES		5,813,445	8,195	5,824,640	5,306,356
CREDITORS
Amounts falling due after more than one year	17	(517,024)		(517,024)	(546,157)
NET ASSETS		5,296,421	8,195	5,304,616	4,706,199
FUNDS	20
Unrestricted funds				5,296,421	4,533,019
Restricted funds				8,195	227,180
TOTAL FUNDS				5,304,616	4,760,199

	31	JULY 2022
				2022	2021
		Unrestricted	Restricted	Total	Total
	Notes	funds f	funds f	funds f	funds f
FIXEDASSETS
Tangible assets	12	4,456,662		4,456,662	3,487,699
Investments	13	1		1	1
		4,456,663		4,456,663	3,487,700
CURRENT ASSETS
Stocks	14	14,133		14,133	20,314
Debtors	15	560,234		560,234	609,720
Cash at bank		1,135,768	8,195	1,143,963	1,885,349
		1,710,135	8,195	1,718,330	2,515,383
CREDITORS
Amounts falling due within one year	16	(413,714)		(413,714)	(743,392)
NET CURRENT ASSETS		1,296,421	8,195	1,304,616	1,771,991
TOTAL ASSETS LESSCURRENT LIABILITIES		5,753,084	8,195	5,761,279	5,259,691
CREDITORS
Amounts falling due after more than one year	17	(517,024)		(517,024)	(546,157)
NET ASSETS		5,236,060	8,195	5,244,255	4,713,534
FUNDS	20
Unrestricted funds				5,236,060	4,486,354
Restricted funds				8,195	227,180
TOTAL FUNDS				5,244,255	4,713,534

		2022f	2021
Cash flows from operating activities Cash generated from operations Tax paid		344,213 ~1514)	936,051
Net cash provided by operating activities		342,699	936,051
Cash flows from investing activities
Purchase oftangible fixed assets		(1,067,958)	(760,802)
Sale oftangible fixed assets		500	2,480
Net cash used in investing activities		~1,067,458)	~758,322)
Cash flows from financing activities Loan repayments in year		24,133	~24,881)
Net cash used in financing activities		~24,133)	~24,881)
Change in cash and cash equivalents the reporting period	in	(748,892)	152,848
Cash and cash equivalents at the
beginning ofthe reporting period		1,953,170	1,800,322
Cash and cash equivalents at the end the reporting period	of	1,204,278	1,953,170

	FOR	FOR	FOR	THE YEAR ENDED 31	JULY 2022
RECONCILIATION	OF NET INCOME			TO NET CASH FLOW	FROM OPERATING	ACTIVITIES
						2022	2021
Net income for the	reporting		period	(as per the Statement	of Financial
Activities)						547,616	921,144
Adjustments for:
Depreciation charges						98,995	96,721
Profit on disposal of	fixed assets					(500)	(517)
Decrease/(increase)	in	stocks				6,181	(10,006)
Decrease/(increase) (Decrease)/increase	in in	debtors creditors				50,798 ~358,877)	(281,959) 210,668
Net cash provided	by	operations				344,213	936,051
ANALYSIS OF CHANGES IN NET FUNDS
					At 1.8.21 f	Cash flow 6	At 31.7.22 f
Net cash
Cash at bank					1,953,170	~748,892)	1,204,278
					1,953,170	~748,892)	1,204,278
Debt
Debts falling due within Debts falling due after		1 year 1 year			(20,000) ~546,157)	(5,000) 29,133	(25,000) ~517,024)
					~566,157)	24,133	~542,024)
Total					1,387,013	~724,759)	662,254

DONATIONS AND LEGACIE	S
		2022	2021
		8	9
Donations		139,572	849
OTHER TRADING ACTIVITIES
		2022	2021
		6	9
Farm income		238	257
Other income		42,694	202,172
Property rental income		27,986	30,213
Agricultural grants		21,485	21,911
CHARITY —OTHER TRADING	ACTIVITIES	92,403	254,553
Support Income —Towy Valley	Care Limited	114,537	123,803
GROUP —OTHER TRADING ACTIVITIES		206,940	378,356
INVESTMENT INCOME
		2022	2021
		6
Deposit Account Interest		312	286
INCOME FROM CHARITABLE ACTIVITIES
		2022	2021
	Activity	F	6
Student fees and related
income	Resident Services	5,354,641	5,210,783
Grants	Resident Services	186,036	731,964
		5,540,677	5,942,747

Grants received, included	above, are as follows.
			2022f	2021
The Bernard Sunley Chaditable	Foundation		45,000
The Albert Hunt Trust				50,000
The Big Lottery Fund			18,036	681,964
The Gosling Foundation			120,000
Simon Gibson Foundation			3,000
			186,036	731,964
CHARITABLE ACTIVITIES COSTS
			Support
		Direct	costs (see
		Costs f	note 7) 6	Totals f
Resident Services		5,031,803	210,940	5,242,743
Towy Valley Care costs		98,216		98,216

(2021 615L927)was s	pent on support costs. An analysis ofsupport cas	ts are as follows:-
Support Costs		Total	Total
		2022	2021
		f	6
Information Technology		41,692	44,486
Professional fees		91,011	34,161
Auditors' remuneration		9,030	9,408
Bank charges		5,123	4,895
Office expenses & Advertising		48,187	43,827
Bank loan interest		15,897	15,150
TOTAL		210,940	151,927
NET INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated after charging/(crediting):
		2022f	2021
Auditors' remuneration		9,030	9,408
Depreciation -owned assets Surplus on disposal offixed assets		98,995 ~500)	96,721 ~517)

								Group	Group				Charity	Charity
								2022		2021			2022	2021
							6			f			F	f
	Gross Salaries					3,455,059			3,579,450			3,378,440		3,503,142
	Social Security Costs						312,729			286,	175		306,638	279,777
	Pension						128,247			128,868			127,251	127,894
						3,896,035			3,994,493			3,812,329		3,910,813
The	average	monthly	number	ofemployees		during		the year was		as follows:
									Group				Charity
								2021			2020		2021	2020
Employed		staff						189			197		185	194
The	number	of employees		whose	employee		benefits		(excluding		employer		pension	costs) exceeded
660,000 was:
									Group				Charity
								2022			2021		2022	2021
Highest paid employees
680,001 -		690,000						1				1	1	1
								1				1	1	1

COMPARATIVES	FOR THE CONSONLIDATED	FOR THE CONSONLIDATED	STATEMENT OF FINANCIAL	ACTIVITIES
			Unrestricted	Restricted	Total
			funds 8	funds f	funds 6
INCOME AND ENDOWMENTS		FROM
Donations and legacies			849		849
Charitable activities
Resident Services			5,210,783	731,964	5,942,747
Other trading activities			375,126		375,126
Investment income			286		266
Other income			517		517
Total			5,587,701	731,964	6,319,665
EXPENDITURE ON
Charitable activities
Resident Services			5,300,392		5,300,392
Trading Company	Costs		96,129		98,129
NET INCOME			169,180	731,964	921,114
Taxation			(1,514)		(1,514)
Transfers between	funds		701,398	~701,396)
Net movement in	funds		869,064	30,566	919,630

		FOR THE YEAR ENDED 3	FOR THE YEAR ENDED 3	FOR THE YEAR ENDED 3	1 JULY 2022	1 JULY 2022
11.	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL			ACTIVITIES - continued
	RECONCILIATION	OF FUNDS
					Unrestricted	Restricted	Total
					funds	funds	funds
	Net movement in funds				889,064	30,566	919,630
	Total funds brought		forward		3,643,955	196,614	3,840,569
	TOTAL FUNDS CARRIED FORWARD				4,533,019	227,180	4,760,199
12.	TANGIBLE FIXED	ASSETS - GROUP AND CHARITY
					Freehold	Plant 8
					prop and	machinery,
					farm	farm
					buildings	equipment
							Totals
							f
	COST
	At 1 August 2021				5,031,210	1,101,005	6,132,215
	Additions Disposals				1,040,990	26,968 ~4,599)	1,067,958 ~4,599)
	At 31 July 2022				6,072,200	1,123,374	7,195,574
	DEPRECIATION
	At 1 August 2021				1,659,398	985,118	2,644,516
	Charge for year Eliminated on disposal				62,267	36,728 ~4,599)	98,995 ~4,599)
	At 31 July 2022				1,721,665	1,017,247	2,738,912
	NET BOOK VALUE
	At 31 July 2022				4,350,535	106,127	4,456,662
	At 31 July 2021				3,371,812	115,887	3,487,699
13.	FIXEDASSET INVESTMENTS - CHARITY
							Shares in
							group
							undertakings
							6
	MARKET VALUE
	At 1 August 2021 and		31 July 2022
	NET BOOK VALUE
	At 31 July 2022
	At 31 July 2021
	There were no investment			assets outside the UK.

	Towy Valley Care	Towy Valley Care	Limited
	Registered	office:
	Nature of	business:	Provision	ofcare services
					0/
	Class ofshare:				holding
	Ordinary				100
						2022	2021
							f
	Aggregate	capital and reserves				60,362	46,666
	Profit for the year					13,696	21,070
14.	STOCKS	—GROUP	AND CHARITY
						2022	2021
						f	E
	Farm Stock					2,434	2,695
	Shop or Retail Stock					11,699	17,619
						14,133	20,314

17.	CREDITO CHARITY	RS: AMOUNTS	FA	LLING DUE	AFTER MORE THAN ONE	YEAR —GROUP AND
						2022 6	2021 f
	Bank loans	(see note 18)				517,024	546,157
18.	LOANS
	An analysis	ofthe maturity	of	loans is given below.
						2022	2021
						6	6
	Amounts falling due within		one year on demand:
	Bank overdrafts and loans					25,000	20,000
	Amounts falling between		one	and two years.
	Bank loans	- 1-2years				25,000	25,000
	Amounts falling due between			two and five	years:
	Bank loans	- 2-5 years				87,000	87,000
	Amounts falling due in more than five years:
	Repayable Bank loans	by instalments: more 5 yr by instal				405,024	434,157
19.	SECURED	DEBTS
	The following secured debts are included				within creditors:
						2022	2021
						6
	Bank loans					542,024	566,157

MOVEMENT IN FUNDS - C	ONSOLIDATED
			Net	Transfers
			movement	between	At
		At 1.8.21	in funds	funds	31.7.22
		f
Unrestricted funds
General fund		1,116,253	206,064	(895)	1,321,422
General fund —Towy Valley	Care Limited	46,665	17,123	(3,427)	60,361
Designated funds - Fixed assets Designated fund - Learning Hub		2,921,512 448,589		993,126 ~448,589)	3,914,638
		4,533,019	223,187	540,215	5,296,421
Restricted funds
The Big Lottery Fund			18,036	(18,036)
Learning Hub		227,180	294,999	(522,179)
Parents Association			8,095		8,095
Restricted - Gem Llwyd Barns			100		100
		227,180	321,230	~540,215)	8,195
TOTAL FUNDS		4,760,199	544,417		5,304,616
		Page 22			continued.	..

Net mov	ement	in fund	s, incl	ud	ed in t	he above	are as follows:
								Incoming	Resources	Movement
								resources 6	expended f	in funds
Unrestricted		funds
General	fund							5,448,807	(5,242,743)	206,064
General	fund	—Towy	Valley	Care Limited				118,537	(101,414)	17,123
Restricted funds
The Big	Lottery Fund							18,036		18,036
Learning	Hub							294,999		294,999
Parents	Association							8,095		8,095
Restricted - Garnllwyd			Barns					100		100
								321,230		321,230
TOTAL	FUNDS							5,888,574	~5,344,157)	544,417
Comparatives		for movement			in funds
								Net	Transfers
								movement	between	At
							At 1.8.20	in funds	funds	31.7.21
							F	f	6	f
Unrestricted		funds
General	fund						935,228	163,366	17,659	1,116,253
General	fund	—Towy	Valley	Care Limited			25,595	24,300	(3,230)	46,665
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	731,964	~19,434)	227,180
TOTAL	FUNDS						3,840,569	919,630		4,760,199
Comparative		net movement		in	funds,	included	in the above are as follows:
								Incoming	Resources	Movement
								resources f	expended	in funds f
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	~5,399,895)	919,630

A current year 12 mon	ths	and prior year 1	2 months	combined	position is as fol	lows:
					Net	Transfers
					movement	between	At
				At 1.8.20 6	in funds F	funds	31.7.22 f
Unrestricted funds
General fund				935,228	369,430	16,764	1,321,422
General fund —Towy Valley Care Limited				25,595	41,423	(6,657)	60,361
Designated funds - Fixed assets Designated fund - Learning Hub			2,234,543 448,589			1,680,095 ~448,589)	3,914,638
			3,643,955		410,853	1,241,613	5,296,421
Restricted funds
The Big Lottery Fund					700,000	(700,000)
Learning Hub				196,614	344,999	(541,613)
Parents Association					8,095		8,095
Restricted - Garnllwyd	Barns				100		100
				196,614	1,053,194	~1,241,613)	8,195
TOTAL FUNDS			3,840,569		1,464,047		5,304,616
A current year 12 months		and prior year 12 months		combined	net movement	in funds, included	in the above a
as follows:
					Incoming	Resources	Movement
					resources 6	expended 6	in funds f
Unrestricted funds
General fund					10,912,565	(10,543,135)	369,430
General fund —Towy Valley Care Limited					242,340	(200,917)	41,423
Restricted funds
The Big Lottery Fund					700,000		700,000
Learning Hub					344,999		344,999
Parents Association					8,095		8,095
Restricted - Gem Llwyd Barns					100		100
					1,053,194		1,053,194
TOTAL FUNDS					12,208,099	(10,744,052)	1,464,047

MOVEM	ENT IN FUND	S -	CHA	RI	TY
						Net	Transfers
						movement	between	At
					At 1.8.21 f	in funds 8	funds f	31.7.22 8
Unrestricted funds
General	fund				1,116,253	209,491	(4,322)	1,321,422
Designated funds - Fixed assets Designated fund - Learning Hub					2,921,512 448,589		993,126 ~448,589)	3,914,638
					4,486,354	209,491	540,215	5,236,060
Restricted funds
The Big	Lottery Fund					18,036	(18,036)
Learning	Hub				227,180	294,999	(522,179)
Parents	Association					8,095		8,095
Restricted - Garnllwyd		Barns				100		100
					227,180	321,230	~540,215)	8,195
TOTAL	FUNDS				4,713,534	530,721		5,244,255
Net movement in funds,		included			in the above are as follows:
						Incoming	Resources	Movement
						resources 5	expended f	in funds 8
Unrestricted funds
General	fund					5,452,234	(5,242,743)	209,491
Restricted funds
The Big	Lottery Fund					18,036		18,036
Learning	Hub					294,999		294,999
Parents	Association					8,095		8,095
Restricted - Gem Llwyd		Barns				100		100
						321,230		321,230
TOTAL	FUNDS					5,773,464	~5,242,743)	530,721
						Net	Transfers
Comparatives for movement				in	funds
						movement	between	At
					At 1.8.20	in funds	funds	31.7.21
					f	f	8
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 Learning	Lottery Fund Hub				196,614	681,964 50,000	(681,964) ~19,434)	227,180
					196,614	731,964	~70L398)	227,180
TOTAL	FUNDS				3,814,974	898,560		4,713,534

Comparative net move	me	nt	in funds, included in th	e	above ar	e as follows:
						Incoming	Resources	Movement
						resources 6	expended f	in funds 8
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	~5,300,392)	898,560
A current year 12 months		and prior year 12 months			combined	position is as follows:
						Net	Transfers
						movement	between	At
					At 1.8.20	in funds	funds	31.7.22
					f		5	8
Unrestricted funds
General fund					935,228	376,087	10,107	1,321,422
Designated funds - Fixed		assets		2,234,543			1,680,095	3,914,638
Designated fund - Learning			Hub		448,589		~448,589)
				3,618,360		376,087	1,241,613	5,236,060
Restricted funds
The Big Lottery Fund						700,000	(700,000)
Learning Hub					196,614	344,999	(541,613)
Parents Association						8,095		8,095
Restricted - Garnllwyd	Barns					100		100
					196,614	1,053,194	(1,241,613)	8,195
TOTAL FUNDS				3,814,974		1,429,281		5,244,255
A current year 12 months			and prior year 12 months		combined	net movement	in funds, included	in the above a
as follows:
						Incoming	Resources	Movement
						resources f	expended f	in funds f
Unrestricted funds
General fund						10,919,222	(10,543,135)	376,087
Restricted funds
The Big Lottery Fund						700,000		700,000
Learning Hub						344,999		344,999
Parents Association						8,095		8,095
Restricted - Garnllwyd	Barns					100		100
						1,053,194		1,053,194
TOTAL FUNDS