##
|||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|
##
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##
|||||||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|