OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-01-31-accounts

Reference and administrative
details		 Reference and administrative
details
Report of the Counol of Management 2-2
Report of the Independent
Auditors		 8-10
Consolidated Statement of Financial Acuvities
Consolidated Statement
of Financial		 Position 12
Chanty Statement
of Financial Position		 13
Statement of Cash Flows 14
Notes to the Finanoal Statements 15-34

COUNCIL OF MANAGEMENT Mr H S Bradshaw Mr H S Bradshaw
Mrs C C Brodie
Mr R Dudley-Cooke (Chairman)
Mr M Harvey
Mr T Hubbard
Mrs SNathan
Mrs L M Notangham
Mrs G F Pipkin
Mr C R Richardson
Mr R F Townsend
COMPANY SECRETARY Mr N Burnett
OPERATIONS DIRECTOR Mr N Burnett
REGISTERED OFFICE Trebah
Mawnan
Smith
Falmouth
Cornwag
TRI I 5JZ
COMPANY REGISTERED NUMBER 02461558 (England and Wales)
CHARITY REGISTERED NUMBER 1000067
AUDITORS Hodgsons
Chartered
Accountants		 and Statutory Auditors
48 Arwenack Street
Falmouth
Cornwall
TRII 3JH
BANKERS Bardays Bank Pic
Lemon Street
Tiuro
Cornwag
TR12NB
SOLICITORS Hine Downing
8-14 Berkeley Vale
Falmouth
Cornwa 8
TRII 3PA

Unrestricted
Funds Restricted TotalFunds Total Funds
Notes 2022 Funds 2022 2022 2021
6 6 5 6
Incoming Resources
Incoming resources from chanlable activities
Garden entrance fees 358,023 358.023 374,256
Membership
subscnptions		 73,278 73,278 90,509
Incoming resources from generating funds
Voluntary
income		 6 446,774 1.900 448.674 286,197
Grants 24,000
Activities for generating funds
Rent recewable and fadlity hire 16,800 16,800 16,800
Commeraal
trading		 operations 893,440 893,440 511.899
Event income 50,865 50,865 406
Solar panel income 11,076 11,076 13,132
Government
grants		 60,141 60.141 264,283
Sundry receipts 169,648 169,648 2,111
TOTAL INCOMING RESOURCES 2,080,045 1.900 2.081.945 1.583,593
Resources Expended
Costs ofgenerating
funds
Fundraising
and publlaty		 42.504 42 504 40,699
Commeraal
trading operauons		 892,631 892631 851,781
Event costs 54,842 54,842 3,372
Frnanong
costs		 26,998 26,998 17,543
1,016,975 1,016.975 913.395
Net incoming resources available for chantable
application 1,063,070 1,900 1,064,970 670,198
Chantable activities expenditure
Cost of operation ofthe garden 10 668,542 21,972 690,514 599,593
Cost ofoperating
memberships		 10 10,007 10,007 11,969
Governance costs 10 12003 12,003 15,916
Total Chantable
Expenditure		 690,552 21,972 712,524 627,478
TOTAL RESOURCES EXPENDED 1.707,527 21,972 I 729499 1,540,873
Net (expenditure)
Iincome before		 tax 372,518 (20,072) 352,446 42,720
Tax movement 4,003 4,003 2,391
Net (expenditure)
Iincome after tax		 376.521 (20,072) 356,449 45,111
Other recognised
gains
Gain on revaluation
of investment		 property 35.000 35,000 115,000
Net movement
in funds		 411,521 (20,072) 391,449 160,111
Balance brought
forward at I February 2021		 24 4,810,303 395,194 5,205,497 5,214,902
Balance carried forward at 31January 2022 24

Trebah Garden Trust
Charity Statement of Financial Position as at 31 January 2022
2022 2021
8 5
FIXEDASSETS
Intangible
Assets		 11 688 12,540
Tangible Assets 12 4,004,205 4.040,322
Investments 14 2 2
Investment
Properly		 13 635,000 600,000
4,639,895 4,652,864
CURRENT ASSETS
Stocks 15
Debtors 16 561.035 614.009
Cash at bank and in hand 548.708 337.066
I.109.823 951.075
CREDITORS
Amounts
falling due within one year		 17 (121.280) (94.041)
NET CURRENT ASSETS 988,543 857,034
TOTAL ASSETS LESSCURRENT LIABILITIES 5.628.438 5.509.098
CREDITORS
Amounts
falling due after more than		 one year (13.768)
PROVISIONS FOR LIABILITIES 19
NET ASSETS 5.628,438 5,496,130
RESERVES
Restncted reserves 24 371.737 391,809
Unrestncted
reserves		 24 2 622,323 2,469943
Restncted
revaluation		 reserve 24 3,385 3,385
Unrestncted
revaluation		 reserve 24 2,630,993 2,630,993
5.628438 5.496,130
Chanty's
surplus		 for the finanoal ye ar 301,824 368,268

for the Year ended 31stJa nuary
2022
2022 2021
Notes 8
Cash flows from operating
activities:
Cash generated
from operations
Interest
pwd
Net cash provided
by (used in) operating		 activities 30 487,483
~(734
486,749		 53,405
(1,466)
51,939
Cash flows from investing
activities:
Purchase of intangible
fixed assets		 (1,000)
Purchase oftangible
fixed assets
Proceeds from sale of property,
plant and		 eqwpment (40,930)
5,000		 (30.953)
55
Proceeds from letting investment
properly		 16,800 16,800
Net cash provided
by (used in) investing		 activities (19,130) (15,098)
Cash flows from financing
activities:
Capital repayment
of borrowings		 (14,938) (25,209I
Net cash provided
by (used in) Anancing		 activities (14,938) (25,209)
Change
in cash and cash equivalents		 in the reporting period 452,681 11,632
Cash and cash equivalents
at the beginning		 ofthe reporting
period 31 478,046 466,414
Cash and cash equivalents
at the end		 ofthe reporting
period 31 930,727 478,046

The net income/(expenditure)
is stated		 The net income/(expenditure)
is stated		 after charging/(crediting) after charging/(crediting)
2022 2021
E E
Depreciation
oftangible		 fixed assets - owned assets 95.983 98,501
Amortisation
ofintangible		 fixed assets 11,852 11,852
Profit/(Loss) on sale oftangible assets 2.195 (9)
Other operating
leases and equipment		 hire 14,430 9,165
Auditor's
remunerabon		 5,380 5,380
Auditor's fees —other services
VOLUNTARY
INCOME
2022 2021
E E
Net donations
under gifi		 aid 350.212 223.169
Tax recoverable 87.553 55,397
Sundry donations 4,507 3,254
l.egames 6.402 4,377
448.674
'7 INVESTMENT INCOME
Group Charity
2022f 2022
E		 2021
e
Gift aid donation
from subsidiary
undertaking

CHARITABLE ACTIVITIES EXPENDITURE CHARITABLE ACTIVITIES EXPENDITURE
2022 2022 2022 2021
uereetflctlxt Restricted Total Total
Fends Fends Fends Fends
6 8 6 6
Cost ofoperation ofthe garden
Garden satanas and wages 257,918 1,630 259,548 264.664
Support salanes and wages 145.182 145,182 136,030
Subcontractors 809
Garden plants and sundry expenses 8,251 270 8,521 7,034
Insurance 25.577 25,577 24,426
Motor and travel expenses 4.340 4,340 2,720
Light and heat 5.013 5,013 4,039
Rates and water 2,025 2,025 3,774
Rent payable 11,000 11,000 10.000
Repairs and renewals 104,687 104,687 27.192
Cleaning
and household		 expenses 9,341 9,341 8.095
Sundry expenses and licences 5.623 5,623 1794
Depreciation
and amortisation		 64,558 20,072 84,630 86.325
(Profit)l loss on sale of assets (2.195) (2,1951 9
Equipment
hire		 11,614 11,614 6.678
Staff training
and recruitment		 2,898 2,898 1.558
Health and Safety 1,936 1,936 2.890
Pnnbng. postage and stationery 4,471 4,471 6.626
Telephone 4,791 4,791 3.418
Rat expanses I 512 1,512
668542 21 972
Cost ofoperating
memberships
Salaries 10007
Governance
costs
Audit and accountancy 7,950 7,950 7,610
Legal and professional fees 3,228 3,228 8,199
Consultancy
fees		 825
~12003		 825 107

INTANGIBLE ASSETS
Rebranding and webslle
Group and Company 6
COST
At I February
2021		 61,936
Additions
At 31 January 2022
AMORTISATION
At I February 2021 49,396
Charge for the year 11,852
At 31 January 2022 61,248
NET BOOK VALUE
At 31 January 2022 688
At 31 January 2021 12,540

Group
Freehold
property		 Freehold
Buildlnae		 Eculpmenl
end
Fixtures		 Motor Vehicles
6 6
COST OR VALUATION
At 1 February 2021 3,479,758 2,078,457 786.284 12.949
Additions 6,185 4,285 30.460
Disposals (34.927)
At 31 January 2022 3,485,943 2,082,742 781.817 12.949
DEPRECIATION
At I February 2021 1,615,688 607,887 6.182
Charge for the year 36,316 57,975 1,692
Eliminated
on disposal		 (32.122)
At 31 January 2022 ~1652004 7,874
NET BOOK VALUE
At 31 January 2022 3485943 430738
At 31 January 2021 3479758 462 769
Total
6
COST OR VALUATION
At 1 February
2021		 6,357,448
Additions 40,930
Disposals (34.927)
At 31January 2022 6,363,451
DEPRECIATION
At I February 2021 2,229757
Charge foryear 95.983
Ehminated
on disposal		 (32,122)
At 31January 2022
NET BOOK VALUE
At 31January 2022
At 31 January 2021

Charity
Freehold Freehold equipment Motor
Property auudlnoe eod Fixtures Vehicles
COST OR VALUATION
At 1 February 2021 3,479,758 2,078,457 507,418 12,949
Additions 6,185 4,285 28,996
Dlsposals (34,927)
At 31 January 2022 3485,943 2082,742
DEPRECIATION
At 1 February 2021 1,615,688 416,390 6,182
Charge for year 36,316 34,770 1,69200
Eliminated
on disposal		 (32,122)
At 31 January 2022 ~1652004 419,038 7,874
NET BOOK VALUE
At 31 January 2022 3485943 430738
At 31 January 2021 ~3479758 462 769
Total
COST OR VALUATION
At I February 2021 6,078.582
Additions 39.466
Disposals (34,927)
At 31 January 2022
DEPRECIATION
At I February
2021		 2.038,260
Charge for year 72,778
Eliminated
on disposal		 (32.122)
At 31 January 2022
NET BOOK VALUE
At 31 January 2022
At 31 January 2021

Cost or valuation Cost or valuation at 31January 2022 is represented by'
Group
Freehold Freehold Equipment
propeny Buadlngs Arid Flxtums
6 E E
Revaluation reserve 2,634,378
Cost 845,380
Deemed cost 3,479,758 2,082,742
Moist
Vehicles Total
6 6
Revaluation reserve 2,634,378
Cost 12,949
Deemed cost
Charity
Freehold Freehold Equipment
propeny Buildings And Fixtures
E 0 E
Revaluation reserve 2,634,378
Cost 845,380
Deemed cost 3,479,758
Motor Vehides
Total
8
Revaluation reserve 2,634,378
Cost 12,949
Deemed cost

TANGIBLE FI XEDAS SETS- CONTINUED
Ifthe freehold mOperty had not been revalued it would have been induded at the foaowing historical cost and value.
2022 2021
Group Charity Group Charity
8 E 8
Freehold Property
Hrstodcal cost 845,360 845,380 845.380 845,380
Aggregate
depredation		 ~213 892 ~213892
631,488 631488
INVESTMENT PROPERTY
Group and Charity Total
5
FAIR VALUE
At 1 February 2021 600.000
Revaluations
At 31 January 2022 635.000
NET BOOK VALUE
At 31 January 2022
At 31 January 2021
Fair value at 31stJanuary 2022 is represented by.
8
Valuation
in 2019		 385,000
Valuation
in 2021		 115,000
Valuation
in 2022		 35,000
Coal 100,000

14 FIXEDASSET INVESTMENTS
Charity
At I February
2021
and 31January 2022
NET BOOK VALUE
At 31 January 2022
At 31January 2021
Charity Shares in group
undertakings		 Shares in group
undertakings
6
At I February
2021
and 31January 2022
NET BOOK VALUE
At 31 January 2022
At 31January 2021
The group and the company's Mvestments at the statement of finanaal positicn date in the share capital ofcompanies inClude the
fofiowing
Subsidiary:
Trebah Enterprises		 Limited
Company
number: 02764907
Nature ofbusiness:
Trading subsidiary		 in the UK
Class ofshares. Ordinary shares
%holding: 100%
Address: Trebah. Mawnan Smith, Falmouth, Comwafi, TRI I 5JZ 2022 2021
6 6
Aggregate
capital and reserves		 (31,488) (121,113)
Profit/(Loss)
for theyear
Commercial
Trading Activities of		 Subsidiary
The Chanty
has a whofiy		 owned trading subsidiary, Trebah Enterpnses Limited, which is incorporated
in		 the UK The prmopal
activities
are operabng
the		 gift shop, cafeteria and plant sales at Trebah Garden. Mawnan Smith. Falmouth, TR1 1 5JZ. A summary
of its results are shown
below.		 Audited accounts have been filed wah the Registrar of Companies
Summary
Profit and Loss Account		 2022 2021
6 8
Turnover 893,440 511,899
Cost ofsales (320,196) (184 144)
Administrakve
expenses		 (608,219) (694.048l
Other operating
income		 120,597 155,745
Tax on profit 4,003 2,391
Profit I(Loss) for the finanaal
year		 89,625 (208,157)
The assets and fiabifities of the subsidiary at 31 January were
Tangible assets 65,624 87,366
Current assets 491,305 232,875
Creditors
Amounts
lafiing due		 within one year (576,532) (425,466)
Provisions for liabikhea (11,885) (15.888)
Total net liabilities (31 488) (121,113)
Share capital 2 2
Aggregate
reserves		 (31,490) (121115i
(31,488) (121.113)

STOCKS
Group Charity
2022 2021 2022 2021
E 2 E 0
Catering
stock		 8.247 5,324
Gift shop stock 54.648 36,414
Plants and garden shop stock 36,153 26,030
99048 67768
None ofthe above stock has been pledged as secunty against any kabilities.
DEBTORS:AMOUNTS
FALLING DUE		 WITHIN ONE YEAR
Group Charity
2022 2021 2022 2021
6 F. 6 E
Trade debtors 9,449 9.251 7,894 5.460
Amounts
owed by group undertakings		 520,870 401.548
Other debtors
Prepayments		 and accrued income 14.460
~26 568		 1,295
~55 631		 14,460 1.295
50477 66 177
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Group Charity
2022 2021 2022 2021
8 6 6
Bank loans and overdraffs 13.768 14,938 13.768 14,938
Trade creditors 76.885 29,488 48.195 18,701
Soual secunty and othertaxes 30.728 20.269 15,086 16,803
Accruals and deferred income 55.561 52 374
~176942 ~117069
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Group and Charity
2022 2021
6 6
Bank loans and overdrafls
PROVISIONS FOR LIABILITIES
Group Charity
2022 2021 2022 2021
6 E E 8
Deferred tax 11,885 15,888
Deferred tax Groupt Charity
6
Balance at 31stJanuary 2021 15.888
Reversal oftiming differences
Balance at 31stJanuary 2022

Total future minimum Total future minimum lease payments payments under non cancellable under non cancellable under non cancellable operating operating leases are as follows
Group and Charity
2022 2021
8 E
Due within one year 9,445 5,074
Due one to five years 9.051 4,509
Lease payments recognised as an expense dunng the year amount to 27.475
21 BANK LOANS AND OVERDRAFTS
An analysis of the matunty Of bank loans and overdrafts is given below
Group and Charity
2022 2021
2 2
Amounts
falling		 due within one year
Bank loans 13,768 14,938
Amounts
falling		 due between one and two years
Bankloans
Amounts
falling		 due between two and five years
Bankloans
22 SECURED DEBTS
The following
secured debts		 are included
within creditors
Group and Charity
2022 2021
8 E
Bank loans and overdrafts

Group
Unrestricted Restricted
Reserves Reserves Total
6 6 F.
At I February 2021 4,810,303 395.194 5,205,497
Retained surplus I(deficit) for the year 411,521
At 31 January 2022 5221 824
Included within the above reserve Unrestricted Restricted
Revaluation Revaluation
Reserves Reserves Total
6 E 6
At 1 February 2021 and 31January 2022 2630993 2u
Charity
Unrestricted Restricted
Reserves Resenres Total
6 6 E
At I February 2021 4,931.420 395,194 5,326.614
Retained surplus I(defiat) for the year 321,896
At 31 January 2022 5 253 316
Included within the above reserves
Unrestricted Restricted
Revaluation Revaluation
Reserves Reserves Total
6 6 6
At I February 2021 and 31 January 2022 2,630,993 2,634,378

ANALYSIS OF GROUP NET ASSETS ANALYSIS OF GROUP NET ASSETS BETWEEN RESTRIC TED FUNDS
Group and Charity
Beach
Access
Project		 Water
Course		 Garden
Improve-
ments		 Sculpture
Project		 Visitor Centre
6 6 6 E
Balance al I February 2021 25,530 39.100 92,295 994 177,239
Income
Expenditure		 1,900
~1900
Balance at 31January 2022
Represented by
Fixed Assets 25,530 39,100 157.167
Bank
Other debtors
Deferred income
Walled
Garden		 Amphi-
theatre		 Major
HibbeA
Memorial		 Theatre 6
Educational
projects		 Total
Restricted
Funds
E E E
Balance at 1 February 2021 10.813 24,338 885 24,000 395,194
Inmme 1,900
Expenditure
Balance at 31January 2022 885 24 000 375 122
Represented by.
Fixed Assets 10,813 24.338 350 237
Bank 885 57,000 57,885
Other debtors
Deferred income
Restricted Unrestricted Total
funds funds funds
Group E E E
Balance at I February 2021 395,194 4,979,819 5,375.013
Inmme 1,900 2,080,045 2.081.945
Expenditure ~1703524
Balance at 31January 2022
Restricted Unrestricted Total
funds funds funds
Charity E E E
Balance at 1 February 2021 395,194 5100.936 5.496, I'30
Inmme
Expenditure		 1,900 1 227.422
~905526		 1.229,322
Balance at 31January 2022

Group and Charity Group and Charity Group and Charity
Beach
Access
Pro)ect		 Ground
Source
Heating
System		 Walled
Garden		 Total
Designated
Funds
E E
Balance
Transfers		 at 1
to		 February 2021
general
fund		 110,337
~tt0 337		 85,748 32,000
~32,000		 228,085
Balance at 31 January 2022
Represented by
Fixed Assets
General Designated Unrestricted
fund fund funds
Group 8 8 5
Balance at 1 February 2021 4.751 734 228.085 4.979,819
Income 2.080045 2.080,045
Expenditure (1,703,524) (1,703,524)
Transfers to general fund 228.085 (228,085)
Balance at 31 January 2022
General Designated Unrestricted
fund fund funds
Charity 6 E 8
Balance at 1 February 2021 4,703,335 228,085 4,931,420
Income 1,227,422 1,227,422
Expenditure (905.526) (905,526)
Transfers to general fund 228,085 (228,085)
Balance at 31 January 2022

Group
The carrying
amount of the		 group's financial instruments are as follows
2022 2021
8 6
Financial assets that are debt instruments measured at amorirsed txrsr
- Trade debtors (note 17) 9,449 9,251
-Other debtors (note 17) 14,460 1,295
23,909 10.546
Financialliabilities
measured		 at amortised cost
- Bank loans and overdrafts due within one year (note 22) 13,768 14,938
- Bank loans and overdrafis due alter more than one year (note 22) 13,768
- Trade creditors (note 18) 76,885 29,488
90,653 58,194
Charity
The carrying
amOunt d the		 Chanty's financial instruments are as follows
2021 2020
8 E
Financial assets that are debt instruments measured at amortised cost.
-Trade debtors (note 17) 7.894 5,460
- Other debtors (note 17) 14.460 1,295
-Amounts
owed by group undertakings		 (note 17) 520.870 401,548
543.224 408,303
Financial
liabilibes measured		 at amortised cost
Bank loans and overdrafts due within one year (note 22) 13.768 14,938
- Bank loans and overdrafls due alter more than one year (note 22) 13,768
-Trade creditors (note 18) 48,195 18,701
61,963 47.407
RECONCILIATION
OF NET INCOME/(EXPENDITURE)		 TO NET CASH FLOW FROM OPERATING ACTIVITIES
2022 2021
Net income/(expenditure) for the reporting period (as per the statement of E 6
financial activities) 352,446 (126.796)
Depredation
and amorbsation		 expense 107,835 110,353
Interest expense 734 1,466
Income from investment
properly		 (16.800) (16.800)
Loss/(profit)
on sale offixed		 assets (2.195) 9
(Increase)/decrease
in stocks		 (31.280) (215)
(Increase)/decrease
in debtors		 15,700 107,697
Increase/(decrease)
in creditors		 61,043 (22.309)
Net cash provided
by (used		 in) operating activities 487.483 53,405
ANALYSIS OF CASH AND CASH EQUIVALENTS 2022 2021
6 8
Cash in hand 1.053 774
Cash at bank 929.674
Total cash and cash equivalents

ANALYSIS OF CHANGES
IN NET DEBT
At I
February
2021		 Cash flows Non-cash
changes		 At 31
January
2022
Cash and cash equivalents E E E
Cash 478,046 452,681 930,727
478,046 452,681 930.727
Borrowings
Loans falling due within one year (14,938) 1,170 (13.768)
Loans falling due after more than one year (13,768) 15,871 (1,903)
(28.706) 15.671 (733) (13,768)
TOTAL 449,340 468.352 (733) 916.959

2022 2021
E E
Management charge from Trebah Garden Trust to Trebah Enterpnses Limited 108750 110.128
Rent charged by Trebah Garden Trust to Trebah Enterprises Limited 17,664 17,664
126,414 127,792

Unrestricted Restricted
Funds Funds Total Funds Total Funds
Notes 2021 2021 2021 2020
5 f f 2
Incoming Resources
Incoming resources from charitable activities
Garden entrance fees 204,740 204,740 393,161
Membership
subscnptions		 90,509 90,509 94,675
Incoming resources from generating funds
Voluntary
income		 284,247 1,950 286,197 385,115
Grants 24.000 24.000 31,100
Activites for generating funds
Rent receivable and faotrty hire 16.800 16.800 22,275
Commercial
trading		 operatimis 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 pubsoty		 40.699 40,699 68,632
Commeraal
trading operations		 851,781 851,781 1,188,012
Event costs 3.372 3,372 106,782
Financing costs 17.543 17,543 23,633
913,395 913,395 1,387,059
Net incoming resources available for chantable
application 474,732 25,950 500,682 891,100
Charitable arJrvrties expenditure
Cost ofoperaeon ofthe garden 10 572,558 27.035 599,593 561,155
Cost of operating
memberships		 10 11,969 11,969 12,556
Governance costs 10 15,916 15,916 11,400
Total Charitable
Expenditure		 600,443 27.035 627,478 585,111
TOTAL RESOURCES EXPENDED 1,513,838 27.035 1,540,873 1,972,170
Net income I(expenditure)
before		 tax for the reponing (125,71I) (1.085) (126,796) 305,989
Tax movement 2,391 2,391 26
Net income I(expenditure)
alter		 tax 123,320 306,015
Other recognised
gains
Gain on revaluation 115,000 115,000
Net movement
in funds		 (8,320) (1.085) (9,405) 306,015
Balance brought
forward at I February 2020 (as restated)		 4.818.623 396,279 5,214,902 4,908,887
Balance cerned forward at 31January 2021 24 4,810.303 395,194 5,205,497 5,214,902