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2021-01-31-accounts

Page
Reference and administrative
details
Report ofthe Council of Management 2-7
Report of the Independent
Auditors		 8-10
Consolidated
Slatemenl of Financial		 Activities
Consolidated
Statement
of Financial		 Position 12
Charity Statement of Financial Position 13
Slalemenl ofCash Flows 14
Notes to the Financial Statemenls 15-34
Consolidated
Income and Expenditure		 Account 35-36
Charity Income and Expenditure
Account		 37-38

Unrestricted
Funds Restricted Total Funds Total Funds
Noise 2021 Funds 2021 2021 2020
6 E E 6
Incoming Resources
Incoming resources
from charitable		 activities.
Garden entrance lees 204,740 204,740 393.161
Membership
subscriplions		 90,509 90509 94,675
Incoming resources
from generating		 funds
Voluntary
income		 7 284,247 1.950 286.197 385,115
Grants 24.000 24,000 3'I,100
Activities for generating funds
Rent receivable and faci8ty hire 16,800 16,800 22,275
Commercial
trading		 operations 511,899 511,899 1,278,050
Event income 406 406 68.306
Solar panel income 13,132 13,132 5,477
Government
grants		 264,283 264,283
Sundry receipts 2,111 2,111
TOTAL INCOMING RESOURCES 1,388.127 25,950 1.414,077 2,278.159
Resources Expended
Costs ofgenerating
funds
Fundraising
and publicity		 40,699 40,699 68,632
Commercial
trading
operations		 851.781 851,781 1,188,012
Event costs 3.372 3,372 106,782
Financing coals 17,543 17,543 23,633
913,395 913.395 1,387,059
Net incoming resources available for charitable
application 474,732 25,950 500,682 891,100
Charitable
activities expenditure
Cosi ofoperation
of Ihe		 garden 11 572,558 27,035 599,593 561,155
Cost ofoperating
memberships		 11 11,969 11,969 12,556
Governance
coals		 11 15.916 15,916 11,400
Total Chargable
Expenditure		 600,443 27,035 627,478 585,111
TOTAL RESOURCES EXPENDED 1.513,838 27.035 1.540.873 1.972.170
Net(expenditure//income
before		 lax ( l25,71I) (1,065/ (126,796) 305,989
Tax movement 2.391 2.391 26
Net (expenditure)
/ income after lex		 (123,320) (1,085) (124,405) 306,015
Other recognised
gains
Gain on revaluation
ofinvestment		 property 115,000 115,000
Net movemenl
in funds		 306.015
Balance brought
fonvard at I February 2020 (as restated)		 25 4.818.623 396,279 5,214.902 4,908.887
Balance carried forward at 31 January 2021 25 4.810.303 395.194 5.205.497 5.214,902

for the Year ended 31stJa nuary 2021
2021 2020
Notes 6
Cash flows from operagng
activities:
Cash generated
from operations
Interest paid		 31 53,405
~1.466		 240,457
~2.657
Net cash provided
by (used In) operating		 activities 51.939 237,800
Cash flows from investing
activltiesi
Purchase of intangible
fixed assets		 (1,000) (34,914)
Purchase of langible
fixed assets		 (30,953) (245,944)
Proceeds from sale ofproperty,
plant and equlpmenl		 55
Proceeds from letting investmenl
property		 16,800 16,000
Net cash provided
by (used In) Investing		 activities 15.090 ~264.058)
Cash flows from financing activities:
Capital repayment
of borrowings		 (25,209) (24,031)
Net cash provided
by (used in) financing		 actlvlues 25.209
Change In cash and cash equivalents in the reporting period 11,632 (50,209)
Cash and cash equivalents
at the beginning		 ofIhe reporting
period 32 466,414 516,703
Cash and cash equivalents
at the end		 of the reporting
period 32 470,046 466,414

Revaluation
Pogcy
Upon transigon
lo FRS 102,assets previously
revalued
have been frozen		 at Ihe dale of transition and this value has been treated as
the deemed cost. This complies
with Section 35of FRS 102, paragraph		 35.10(d).
Slacks
Stocks are valued al Ihe ktwer ofcoal and net realisable value
The cost		 formula used for valuing stocks is weighted average cost.
Operating
Lease Commitments
Rentals appacable
lo opemling
leases where substantlagy
ag the benefits and risks of ownership		 remain
with		 Ihe lessor are charged
lo the SOFA over the term of Ihe lease
Fuiicl AccouriErig
General
funds are unreslrlcied
funds which are available
for use at the discretion
of the Council		 of Management In furiherance of the
general ob)eclives of the Charity and which have not been designated
for		 other purposes.
Restricted
funds are funds which are lo be used in accordance
with specific		 restrictions
Imposed		 by donors or which have been raised
by the Chariiy for particular
purposes.
The cost of raising and administering		 such funds are charged againsi the specific fund. The
aim
and
use of each
restricted
fund
Is sel out
In note 30 of the
financial
statemenls.		 Investment
Income		 Is allocated to the
appropriate
fund
Income
Ag incoming
resources are Induded
in the SOFA when ihe Charity Is legally		 entiged
lo the		 income and the amount can be measured
reliably.
There is no netting
offofexpenditure
against income.
Membership
subscriplions
are credited to the SOFA in the year ofreceipt.
Admission
charges booked online and deposgs ior events are recognised		 when received, as these are non refundable.
Grants and Government
grants
Income
from donations
or grants
is recognised
when
there is evidence		 of entitlement
to the		 gift, receipt is pmbable and its amount
can be measured
reliably.
In accordance
with Ihe Chariges SORP ag grants		 are recognised under ihe performance model.
Al 31st January 2021 533000ofgrant income received
in advance on a		 multi-year
grant has		 been credited to deferred income as the
donor imposed
condidons
have nol been met.
Gifts.ln-kind and donated services
Gifts-in. kind are included
al the value to Ihe Charity where
this can be		 quantified
and a Ihird party Is		 bearing Ihe cost.
No value is
attributed
lo donated
staff hours.
Expenditure
Ag expenditure
is accounted
for on an accrual basis and has been classiTied
under headings		 that aggregate ag costs related to the
category
Where costs cannot be directly atlrlbuted
to paNcular
headings,		 they have been agocaled to activiUes on a basis consistent
wiih Ihe use ofthe resources.
Termination
benefRs
Ag termination
benefits are calculated
according
to government
guidelines		 based on length of service, age and start date. Ag hogday
pay accrued bul nol laken is also paid. Payment
in lieu of notice is calculated		 as at Ihe termination date.
Support Costs
Support costs are lhasa functions
that assist Ihe work of Ihe charity,
but		 do nol directly undertake charitable work. Support costs are
included
wghin governance
costs and can be seen within note g.
Fund Raising and Pubgclty
This represents
direct marketing
costs for the garden and general
publkily		 casts.
Presentation
Currency
The Group financial slatemenls
are presented
in pound sterling and rounded		 lo the nearest pound.

STAFF COSTS 2021 2020
f 6
Wages and salaries 895,257 811,636
Social security costs 61,049 48,859
Pension costs 11,198 9,801

The net income/(expenditure)
is slated		 The net income/(expenditure)
is slated		 after charging/(cmditingi. after charging/(cmditingi. '
2021 2020
E E
Depreciation
oftangible		 fixed assets —owned assets 98,501 72,938
Amorfisafion
of Intangible		 fixed assets 11,852 11.522
Profit/(Loss) on sale oftangible assets (9)
Other operating leases and equipment hire 9,165 10,050
Auditor's
remunerafion		 5,380 5250
Auditor's fees—other services
VOLUNTARY
INCOME
2021 2020
E E
Net donafions
under gifi		 aid 223,169 187,657
Tax mcoverable 55,397 46.914
Sundry donations 3,254 15,544
Legacies 4,377 135.000
INVESTMENT INCOME
Group Charity
2021 2020 2021 2020
E E 8 6
Gift aid donaiion
from subsidiary
underiaklng 59.093

CHARITABLE ACTIVI TIES EXPENDIT URE
2021 2021 2021 2020
Uorostrktod Restricted Tarot Total
Funds Funds Funds Fvlldo
E E 6
Cost ofoperaUon of Ihe ganlen
Garden salaries and wages 263,004 1,660 264,664 242,193
Support salaries and wages 136,030 136,030 106,165
Subcontractors 809 809 4,373
Garden plants and sundry expenses 6,744 7,034 13,332
Insurance 24,426 24,426 24,451
Motor and travel expenses 2,720 2,720 5,512
Light and heat 4,039 4,039 5,276
Rates and water 3,774 3,774 4,255
Rent payable 10,000 10,000 9,500
Repairs and renewals 27,192 27,192 20,920
Cleaning
and household		 expenses 8,095 8,095 15,598
Sundry expenses and Ucences 1,794 1,794 1391
Depreciadon
and amoNsation		 61,240 25,085 86,325 84,460
Loss on sabr ofassets 9 9
Equipment
hire		 6,678 6,678 6,762
Staff training
and recruitment		 1,558 1,558 2,744
Heagh and Safety 2,890 2,890 283
Printing,
postage and stagonery		 6,626 6,626 10,471
Telephone 3.418 3,418 1,957
Flat expenses 1,512
~572 558		 ~27 035 1.512 1.512
Cost ofoperating
memberships
Salaries		 ~tt 969
Governance
costs
Audil and accountancy 7,610 7,610 7,645
Legal and professional fees 6,199 8,199 3,755
Consugancyfees 107 107
15916

Group
Freehold
propeny		 Freehold
Buadlnee		 aqulpmenlend
Fieturee		 Malar Vehicles
f f
COST OR VALUATION
Al I February 2020(as restated) 3,479,758 2,071,983 770,754 6,700
Addlgons 6,474 15,530 8,949
Disposals (2,700)
At 31 January 2021 3.479.758 2,078,457 786,284 12,949
DEPRECIATION
Al I February 2020 1,575,725 551,605 6,562
Charge for Ihe year 39,963 56,282 2,256
Eliminated
on disposal		 (2,636)
At 31 January 2021 1.615.688 607.887 6.182
NET BOOK VALUE
Al 31 January2021 ~3479.758 ~462 769
At 31 January 2020(as restated) ~3479758 496.258
Total
f
COST OR VALUATION
At I February 2020 6,329,195
Additions 30,953
Oisposals (2,700)
At31January
2021		 6,357.448
DEPRECIATION
Al I February 2020 2,133,892
Charge for year 98,501
Eliminated
on disposal		 (2,636)
At31Jenuary
2021		 2.229.757
NET BOOK VALUE
At 31 January 2021 4.127.691

Charity
Freehold Freehold Equipment Molor
Ffoaeny aulldlnae end Fleluree Vehicles
E E
COST OR VALUATION
At I Febmary 2020(as restated) 3,479,758 2,071,983 502,511 6,700
Additions 6,474 4,907 8,949
Disposals (2.700)
Al 31 January 2021 3.479.758 2.078,457 507,418 12.949
DEPRECIATION
At 1 February 2020 1,575,725 384,136 6,562
Charge for year 39,963 32.254 2,256
Eliminated
on disposal		 (2,636)
Ai 31 January 2021 1.615.688 416.390 6.182
NET BOOK VALUE
At 31 January 2021 ~3.479 758 ~462 769 6.767
At 31 January 2020 (as restated) ~3479758 496.258 138
Total
E
COST OR VALUATION
At I February 2020 6,060,952
Additions 20,330
Disposals (2,700)
At 31 January 2021 6.078.582
DEPRECIATION
Al I February 2020 1,966,423
Charge for year 74,473
Elrmrnaled
on disposal		 (2.636)
Ai31 January 2021 2.038.260
NET BOOK VALUE
At 31 January 2021
At31January
2020

Cost or valuation Cost or valuation al 31 January 2021 is represented by
Group
Freehold Freehold arprlprrmnl
Property auedlnos And Fixtures
E E 6
Revaluation reserve 2,634,378
Cost 845.380 2.078.457 786.284
Deemed cost 3.479.758 2.078.457 786.284
Motor
Vahules Total
E E
Ravaluagon reserve 2,634,378
Cost 12,949 3.723.070
Deemed cost 12.949 6.357.448
Charity
Freehold anulpment
Propmty auedlnps And Flaturss
E E 6
Revaluation reserve 2,634,378
Cost 845,380 2.078.457 507.418
Deemed cost 3.479.758 2.078.457 507.418
Motor Vehhles
Total
E
Revaluahon reserve 2,634.378
Cost 12.949 3,444,204
Deemed cosi 12.949 6.078.582

If the freehold properly had nol been revalued properly had nol been revalued it would have been included at the fosowing historical cost and value
2021 2020
Historical Group Charity Group Charity
E E E
Freehold Property
cos 845,380 845,380 845,380 845,380
Aggregate
depreciaUon		 ~213.892 ~213.892
631ASS 631.488 631.488 631.488
INVESTMENTPROPERTY
Group and Charity Tatal
E
FAIR VALUE
Al 1 February 2020 485.000
Revaluabons 115.MO
At 31 January 2021 600.MO
NET BOOK VALUE
At31January 2021
At 31 January 2020
Fair value ai 31stJanuary 2021 is represented by
E
Valuation
in 2010		 385,000
Valuation
in 2021		 115,000
Cosi 100.000
Subsidiary: Trebah Enterprises Limited
Company
number: 02764907
Nature ofbusiness: Trading
subsidiary		 in the UK
Class ofshares
Ordinary
shares
fk holding:100%
Address: Trebah, Mawnan
Smith, Falmouth,		 Comwag. TR11 5JZ 2021 2020
E E
Aggregate
capital and reserves		 (121,113) 87.044
Profit/(Loss)iorthe
year
Summary
Profit and Loss Account		 2021 2020
6 E
Turnover 511,899 1.278.050
Cost ofsales (184,144) (480,500)
Admlnlslrakve
expenses		 (694,048) (736,591)
Other operating
Income		 155,745
Tax on profit 2.391 26
Profit / (Loss) for Ihe financial year
The assets and gabilides ofthe subskgary at 31 January were:
Tangible assets 87,366 100,771
Current assets 232,875 347,225
Creditors: Amounts
falling due within one year		 (425,466) (342,673)
Provisions
for liabilides		 (15,888) (18,279)
Total net assets
Share capkal 2 2
Aggregate
reserves		 (121,115) 87,042

STOCKS
Group Charity
2021 2020 2021 2020
E 6 E 6
Catering stock 5,324 10,688
Gift shop stock 36,414 32,255
Plants and garden shop stock 26.030
~67 768		 24.610
67.553

Group Charity
2021 2020 2021 2020
6 6 6 6
Trade debtors 9,251 4,256 5,460 3,028
Amounts owed by group undertakings 401,548 268,395
Other debtors 1,295 6,716 1,295 6,716
Prepaymenls and accrued income 55.631
~66 177		 162,902
~173874		 36.190 152.732
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Group Charity
2021 2020 2021 2020
E 6 6
Bank loans and overdrafls 14,938 24,276 14,938 24,276
Trade creditors 29,488 65,483 18,701 27,071
Social security and other taxes 20,269 36,662 16,803 8,611
Accruals and deferred income 52,374
~tt7 069		 22.295
~148716		 43,599 14.477
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Group and Charity
2021 2020
E 6
Bank loans and overdrafls
PROVISIONS FOR LIABILITIES
Group Charity
2021 2020 2021 2020
6 6 E 6
Deferred tax 15.888 18,279
Deferred tax Group Charity
6 6
Balance al 31stJanuary 2020 18,279
Reversal oftiming differences
Balance al 31st January 2021

2'I NON- CANCELLABLE OPERATING NON- CANCELLABLE OPERATING NON- CANCELLABLE OPERATING LEASES LEASES
Total future minimum lease paymenls under nonvmncellable operating leases are as follows.
Group and Charity
2021 2020
6
Due within one year 5,074 5,074
Oue one to five years 4.509 9.583
Lease paymenls
recognised		 as an expense during the year amount lo E5.074
22 SANK LOANS AND OVERDRAFTS
An analysis ofthe maturity
of bank loans and ovenlrafts		 is given below
Group and Charity
2021 2020
6 6
Amounts
falling due within one yean
Bankloans 14,938 24,276
Amounts
falling due between		 one and two yearn.
Bank loans 13,768 15,408
Amounts
laging due bshvesn		 two and five years.
Bankloans 14,231
23 SECURED DEBTS
The following secured debts are Included
within creditorsi
Group and Charity
2021 2020
6 2
Bank loans and overdrafls
The bank loan and overdraft ofthe Charity are secured by way ofa legal charge over the properdes known as Trebah Garden and
Trabah Lodge.

Group
Unrestricted Restricted
Reserves Reserves Total
5 E 5
At 1 February 2020(as restated)
Retained
surplus /(deficit) for Ihe year		 4,818,623
~8.320		 396279 5,214,902
At 31 January 2021 ~4810303
Included within the above reserve. Unrestricted Restricted
Revaluadon Revaluation
Reservesf Reserves
5		 Total
6
At 1 February 2020(as restated) and 31 January 2021 ~2630993
Charity
Unrestricted Restricted
Reserves Reserves Total
5 8 5
At 1 February 2020(as restated) 4.731.583 396,279 5,127,862
Retained surplus /(deficit) for Ihe year 199.837 198.752
At31January2021 ~4931420
Included within the above reserves
Unrestricted Restricted
Revaluation Revaluation
Reserves Reserves Total
6 5 E
At I February 2020(as resisted) and 31 January 2021 2,630,993 3,385

Group and Charity Group and Charity Group and Charity
Beach
Access
Pro)ect		 Water
Course		 Garden
Improve.
ments		 Sculpture Vlshor Centre
8 6 6 E f
Balance at I February 2020 (as restated) 27,030 39,100 92,295 994 200,824
Income
Expenditure		 1,950
~1.950
Balance ai 31 January 2021
Represented by
Fixed Assets 25,530 39,100 92,295 994 177,239
Bank
Other debtors
Deferred Income
Walled
Garden		 Amphi-
theatre		 Ma)or
Hibbert
Memorial		 Theatre 6
Educational
pro)ecto		 Total
Restricted
Funds
6 6
Balance at I February 2020 (as restated) 10,813 24,338 885 396,279
Income 24,000 25,950
Expenditure
Balance al 31 January 2021
Represenied by:
Fixed Assets 10,813 24,338 370,309
Bank 885 55,800 56,685
Other debtors 1,200 1,200
Deferred Income
Restricted Unrestricted Total
Group fundsf funds
6		 funds
E
Balance at I February 2020 (as restated) 396,279 4,818,623 5,214,902
Income 25,950 1,388,127 1,414,077
Expendsure (27,035) (1,511,447) (1,538,482)
Other recognised gains 115.000 I15.000
Balance al31January 2021
Restricted Unrestricted Total
funds funds funds
Charity 6 5 6
Balance st 1 February 2020(as restated) 396,279 4,731,583 5,127,862
income 25,950 848,275 874,225
Expenditure (27,035) (763,438) (790,473)
Other recognised gains 115,000 115.000
Balance at 31 January 2021

Group and Charity Group and Charity
Beach
Access
Project		 Ground
Source
Heating
System		 Walled
Garden		 Total
Designated
Funds
6 6 6
Balance at 1 February 2020
Expenditure		 116,818
~6,48I		 92,874 32,000 241,692
Balance al 31 January 202|
Represented
by:
Fixed Assets 110.337
~tt0 337		 85.748
85748		 32.000
32000		 228.085
General Designated Unrestricted
fund fund funds
Group 6 6 f
Balance al 1 February 2020 4,576,931 241,692 4,818,623
Income 1,388,127 1,388,127
Expenditure (1,497,840) (13,607) (1,511,447)
Other recognised gains 115.000 115.000
Balance at 31 January 2021 4582218 228085 4810303
General Designated Unrestricted
fund fund funds
Charity 2 8 6
Balance al 1 February 2020 4,489,891 241,692 4,731,583
Income 848,275 848.275
Expenditure (749,831) (13,607) (763,438)
Other recognised gains 115000 115000
Balance at 31 January 2021

Group
The carrying
amount ofthe		 group's financial instruments are as follows
2021 2020
6 6
Financial assets that are debt instruments measured al amortlsed cost.
-Trade debtors (note 17) 9,251 4,256
-Other debtors (note 17) 1,295 6,716
10,546 10,972
Financial
liabilities measured		 at amonised cost
-Bank loans and overdrafts due within one year (note 22) 14,938 24.276
- Bank loans and overdrafls due a0er more than one year (note 22) 13,760 29,639
-Trade creditors (note 18) 29,400 65,483
58,194 119,390
Chariiy
The carrying
amount ofthe		 Charity's financial instruments are as follows.
2021 2020
6 6
Financial assets that are debt instruments measured al amorgsed cost.
-Trade debtors (note 17) 5.460 3,020
-Other debtors (note 17) 1,295 6,716
-Amounts
owed by group undertakings		 (note 17) 401,540 268,395
408.303 270.139
Financial
liabilides measured		 at amordsed cost:
-Bank loans and overdrafts due within one year (note 22) 14,930 24,276
-Bank loans and overdrafls due after mors than one year (note 22) 13,760 29,639
-Trade creditors (note 10) 18,701 27,071
47.407 80.906
RECONCILIATION
OF NET		 INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
2021 2020
Net incomef(expenditure) for the reporting period (as per the statement of 6
financial activities) (126,796) 305,909
Deprecladon
and amomsagon		 expense 110,353 100,314
Interest expense 1,466 2.657
Income from Investmeni
property		 (16,000) (16.000)
Loss/(profit)
on sale offixed		 assets 9
(Increase)/decrease
in stocks		 (215) 5.192
(Increase)/decrease
In debtors		 107,697 (112,442)
Increase/(decrease)
in creditors		 (52,453)
Nat cash provided
by (used		 In) operating activities
ANALYSIS OF CASH AND CASH EQUIVALENTS 2021 2020
6 6
Cashin hand 774 7,162
Cash at bank 477,272 459,252
Total cash and cash equivalents

ANALYSIS OF CHANGES
IN NET DEBT
Cash and cash equivalents At 1
February
2020
E		 Cash flows
f		 Non-cash
changes		 At 31
January 2021
E
Cash 466,414 11,632 470,046
466,414 11,632 470,046
Borrowings
Loans falling due within one year (24,276) 11,002 (1,664) (14,938)
Loans falling due after more than one year (29,639) 15,673 198 (13,768)
(53,915) 26,675 (1,466) (28,706)
TOTAL 412,499 30.307 IN66 449.340

2021 2020
f
Management charge from Trebah Garden Trust to Trsbah Enterprises Limited 110,128 113,693
DonaUon ofprofit bom Trebah Enterprise Limited lo Trebah Garden Trust 59,093
Rent charged by Trebah Garden Trust to Trebah Enterprises Limited 17,664 17.664

Unrestricted Restricted
Funds Funds Total Funds TotalFunds
Notes 2020 2020 2020 2019
as restated as restated
5 E
incoming
Resources
Incoming resources
from charitable		 activiues
Garden entrance lees 393,161 393,161 361,954
Membership
subscriptions		 94,675 94,675 76,582
Incoming resources
from generadng		 funds
Voluntary
income		 7 373,102 12.013 385,115 261,599
Grants 31.100 3'l,100 22,580
Acliviles for generating funds
Rani receivable and facility hire 22,275 22,275 48.307
Commercial
Irading		 operations 1,278,050 1,278,050 1,243.634
Event income 68,306 68,306 56,866
Solar panelincome 5,477 5,477 4,959
TOTAL INCOMING RESOURCES 2,235,046 43,113 2,278.159 2,076.481
Resources Expended
Costs ofgenerating
funds
Fundraislng
and publicity		 68,632 68,632 66,911
Commercial
trading operations		 1,188,012 t,t88,012 1,135,227
Event costs 65,782 41,000 106,782 70.127
Financing costs 23,633 23,633 21.857
Freehold property
revaluadon
1,346,059 41,000 1,387,059 1,294,122
Net incoming resources available for charitable
applicagon 888,987 2.113 891,100 782,359
Charitable
activiges expendgure
Cost ofoperation ofthe garden 11 540,986 20.169 561,155 537,693
Cost ofoperagng
membemhlps		 11 12,556 12,556 11,277
Governance
costs		 11 11,400 11.400 34.853
Total Chargable
Expenditure		 564,942 20.169 585,111 583,823
TOTAL RESOURCES EXPENDED 1,911.001 61,169 1,972,170 1,877,945
Nel income I(expenditure)
before		 tax lor the reponing 324,045 (18,056) 305,989 198,536
Tax movement
Nel income I(expenditure)
after tax		 26
324.071		 ~18.056 26
306,015		 2.079
200.615
Other recognised
gains
Gain on revaluadon 385,000
Nei movement
In funds		 324,071 (18,056) 306.015 585.615
Balance brought
forward at 1 February 2019(as restated)		 4.494,552 414,335 4,908,887 4.323,272
Balance cerned forward at 31 January 2020(as restated) 25
2021 2020
TURNOVER
Sales 5\1,899 1,278,050
Entrance monies 204,740 393,161
Income subject lo gih aid 278,566 234,572
Legacies 4,377 135,000
Donagons 3,254 15,544
Grants 24,000 31,100
Solar panel income 13,132 5,477
Event income 406 68,306
Memberships 90,509 94,675
1,130,883 2,255,M5
Cost ofSales
Opening
stock		 67,553 72,745
Purchases 184,359 475,308
251,912 548,053
Closing stock (67,768) (67,553)
184,144 480,500
GROSS PROFIT 946,739 1,775,385
Other Income
Rents received and facility hire 16,800 22,275
Government
grants		 264,283
Sundry receipts 2,111
283,194 22,275
1,229,933 1,797.660
Gain on revaluaSon ofassets
Gain on revaluailon ofInveslmenl property 115,000
1.344.933 1,797,660
EXPENOITURE
Rent 10,000 9,500
Raise and water 2,257 13.018
Insurance 36,519 37,439
Llghi and heat 22,094 41,878
Wages 895,257 811,636
Social securiiy 61.049 48,859
Pensions 11,198 9,801
Subconlreclorcosts 809 4,373
Slaff uniform
and welfare		 7,611 28,901
Operadng
leases and		 hire 9,165 10,050
Training costs 2,677 3,797
Telephone 3,418 3,037
Post and stationery 7,670 11,807
Advertising 45,017 75,769
Liceness 2,089 1391
Motor and travelling expenses 2,720 6,190
Consumables 16.565 17,480
Repairs and renewals 36,883 47,679
Carded forward 1,172,998 1.344,933 1,182.605 1,797,660
Page 35
2021 2020
Brought forward 1,172,998 1,344,933 1,182.605 1.797,660
Garden plant and sundry expenses 7,034 13,332
Household
and cleaning		 16,749 36,327
Event expenses 3,372 106,786
Health and Safely 2,890 283
Legal and professional fees 13,022 7,874
Consultancy
fees		 107
Audit and accountancy 11,140 11,005
Flat expenses 1,512 1.512
(1,228.824) (1,359,724)
116,109 437,936
Finance Costs
Bank charges 9,397 2.121
Credit card charges 6,680 16,619
Securlcor charges 2,236
Bank loan interest 1.466 2.657
(17,543) (23,633)
98,566 414,303
Depreciation
Bu0dings 39,963 19,072
Equipment
and fixtures		 56,282 77,674
Motor vehicles 2,256 46
Amordsagon
of rebranding		 11,852 11,522
(110.353) (108,314)
(11,787) 305,989
Profit I(loss) on asset disposal
Motor vehbles (9)
(OEFICIT)ISURPLUS FOR THE YEAR BEFORETAX (11,796) 305,989
2021 2020
TURNOVER
Entrance monies 204.740 393,161
Income subject lo gitl aid 278.566 234,571
Legacies 4,377 135,000
Donations 3,254 15,544
Grants 24,000 31,100
Solar panel income 13,132 5,477
Event income 406 68,306
Memberships 90,509 94,675
618,984 977,834
Other income
Rents received 34,464 39,939
Management
fee from		 Enterprises 110,128 113.693
Donagon
from Enterprises		 59.093
Government
grants		 108,538
Sundry receipts 2,111
255,241 212,725
874,225 1,190,559
Gain on revaluation ofassets
Gain on revaluation of inveslmenl property 115,000
989,225 1,190,559
EXPENDITURE
Rent 10,000 9,500
Rates and water 3,774 4,255
Insurance 24,426 24,451
Light and heat 4,039 5,276
Wages 470,412 411,199
Social security 34,220 26,102
Pensions 7,144 5,861
Subcontractor costs 809 4,373
Slalf uniform
and wedare		 1,706 8,193
Operagng leases 6.678 6,762
Training costs and subscrlptions 1,558 2,744
Telephone 3.418 1,957
Post and stationery 6.626 10,471
Advertising 45.017 75,769
Lkences 1,794 1,391
Motor and iraveging expenses 2.720 5,512
Repairs and renewals 28,248 33,003
Carried forwanl 652.589 989,225 636,819 1,190,559
2021 2020
E f E 8
Brought forward 652,589 989,225 636,819 1,190,559
Garden plant and sundry expenses 7,034 13,332
Household
and cleaning		 12,032 19,625
Event expenses 3,372 106,786
Health and Safely 2,890 283
Legal and professional fess 8,199 3,755
Consultancy
fees		 107
Audit and accountancy fees 7,610 7,645
Flat expenses 1.512 1,512
(695,345) (789,757)
293.880 400,802
Finance Costs
Bank charges 648 1,442
Credit card charges 6.680 4,884
Securlcorcharges 1,236
Bank loan Interest 1,466 2.657
(8,794) (10,219)
285,086 390,583
Depreciation
Buildings 39,963 19,072
Equipment
and fixtures		 32,254 53,820
Motor vehicles 2,256 46
Amortisation
of rebranding		 11,852 11,522
(86,325) (84.460)
198.761 306,123
Profit I(loss) on asset disposal
hlotor vehicles (9)
SURPLUS FOR THE YEAR 198.752 306.123