| Notes | Unrestricted | Restricted | 2020 | 2019 | ||
|---|---|---|---|---|---|---|
| 6 | 6 | 6 | ||||
| INCOME 8 ENDOWMENTS | FROM; | |||||
| Donations | 2 | 148,810 | 113,065 | 261,875 | 213,995 | |
| Charitable Activities |
3 | 125,992 | 115,799 | 241,791 | 251,368 | |
| Other Trading | 4 | 15,783 | 15,783 | 49,192 | ||
| Investments | 5 | 62 | 62 | 77 | ||
| Other Income | ||||||
| TOTAL INCOME 8ENDOWMENTS | 290,647 | 228,864 | 519,511 | 514,632 | ||
| EXPENDITURE ON; | ||||||
| Raising Funds | 6 | 25,706 | 25,706 | 21,106 | ||
| Charitable Activities |
7 | 219,326 | 228,864 | 448,190 | 450,093 | |
| Other Expenditure | ||||||
| TOTAL EXPENDITURE | 245,032 | 228,864 | 473,896 | 471,199 | ||
| NET MOVEMENT BEFORETRANSFERS | 45,615 | 45,615 | 43,433 | |||
| Gross Transfers between |
funds | |||||
| NET MOVEMENT IN FUNDS |
45,615 | 45,615 | 43,433 | |||
| TOTAL FUNDS BROUGHT FORWARDS | 1,461,964 | 1,461,964 | 1,418,531 | |||
| TOTAL FUNDS CARRIED FORWARDS | 9 | 1,507,579 | 1,507,579 | 1,461,964 |
| TR G RONMEMALTRUST |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| I Accounting Pogcles |
||||||||||
| The financial stslsmsnls have been prepared under Ihe hielwical met convention and following gw |
State | mani of | Remmrrwnded | Practice for | ||||||
| Charities and are in accordance vrth the Finanual Reporting Standard 102and Ihe Companies Act |
2006.Assets | and | llabgges ere Inglsgy | |||||||
| recognised st hislorhal cost or Irsnssmlon vame unless othermse elated in ths relative policy note. |
||||||||||
| The Chanty has taken advantage ofths exempuon in semlon 300ofthe Companies Act 2006 from ths requlremerrl |
to prepare consogdated | |||||||||
| lin*nciel slstemenm, an the grounds that il is a smug sized gmup. |
||||||||||
| Seals ofprcparagon | ||||||||||
| Magdalen Environmental Trust masts Ihe definition ofa public benelit entity under FRS102 |
||||||||||
| Tiimrtlon | ||||||||||
| The Charity Is mmsldered to puss the lasts sel out In Paragraph I Schedule 6ofthe Finance Act2010and therefore |
il meets | the | de1ngon ofa | |||||||
| Charrtsble Company fer UK corporsgon tax purposes. Acconfingly the Chsrfiy is polengefiy exempt |
fmm lexelien | in respect | el income | or | ||||||
| celulnl gains received within categories mverml by Chapter 3 Part 11ofths Corporegon Tax Am 2010or |
Section | 266ofIhe | Taxagon | and | ||||||
| Chargeable Gains Act 1002,toIhe extent that such income or gains are applied exdusively to charitabm |
purposes. | |||||||||
| Going Concern | ||||||||||
| The accounts have been prepared on the going concern basis. There are no material uncertainties |
about | the Charity's | ebfigy | to condnue. | ||||||
| Income | ||||||||||
| Income from donations, grarus and subscrlpgons is laksn tothe Ststsmenl ofRnandal Activity on receipt |
unless | tlwre Iss | Service Level | |||||||
| Agrssmenl or Contram In which mwe it is laken into acoount in the pedud to which itrelates. Income is deferred |
if itrelates | toan amivily being | ||||||||
| undermken ins fulure accounting period |
||||||||||
| Resources Expended | ||||||||||
| Resources expended are accounted for on an accruals basis. Costs relating toespedgc activity ere efiocnted on | the | basis | ofusage on each | |||||||
| project Remeinlrig support costs are apportioned on an appropriate basis eg, slalf time. |
||||||||||
| Operating Leases |
||||||||||
| The costs ofoperating leases are charged as they accrue. | ||||||||||
| Pension costs | ||||||||||
| A defined conlnbulion pension scheme ls operated. Pension contrlbugons are charged in Ihe year in which Ihey |
am payable. | |||||||||
| Tangible Feted Ann rilri | ||||||||||
| Indnndual lixed assets costing 6600or mom are iniliagy recorded etcoal |
||||||||||
| Freehold bugdlnge are recorded under Ihe revaluation model st fair value. Gains on revaluation ofIhe freehold buildings ars |
rermgnlssd | |||||||||
| 'Ihruirgh thi! Icvaliiirhuu liiserve. |
||||||||||
| Dsprsclsgon Is provided on tangible fixed assets al ths following annual rates in order to write offsech |
asset over its | estimated useful |
life al | |||||||
| the fallowing rates; |
||||||||||
| Fnruhuld Laird not depreciated |
||||||||||
| Freehold Sufidlngs pianl 6Machinery 2'ri pa straight tine 20%pa straight line |
||||||||||
| Fixtures &FMngs 20%pa straight line |
||||||||||
| Websrte Developnwnt Costs 33.36 pe straight inc |
||||||||||
| Ag stocks and shares held by the charay are quoted on Ihe London Stock Exchange. They are reumtued | al the mid market | value | at Ihe | |||||||
| balance sheet date end the unreagsed gain orloss istaken to Ihe statement offinandsl acthrlties together |
wffh sny realised | gain | orloss on | |||||||
| disposal. | ||||||||||
| Stocks | ||||||||||
| Stocks are valued al the lower ofcost and net realisable value |
||||||||||
| Trade Debtor | ||||||||||
| Trade debtors are anmunls due from custemers forgoods sold orservices performed in the ordinary |
course ofbusiness. | |||||||||
| Trade debtors ere recognised iniaegy st Ihe trensacgon price. They ars subsequently measured at smortlsed cost using ths effemlve |
Interest | |||||||||
| method. less provision for impairment. A provision for Ihe impaiment oftrade debtom is established |
when there | isobjective | evidence | thai the | ||||||
| Charily will not be able lo colkwt aa amounts due according lo the oriEinal tenne ofthe receivables. |
||||||||||
| Trade Credfior | ||||||||||
| Trade creditors sre obligations te pay for goods or services that have been acquired ln the ougnary |
course of business from |
suppliers. | ||||||||
| Accounts payable are dassfiled as current gabgmes Ifthe Chanty does not have an uncundlfionsl right, |
al the snd ol | the reporgng | pedod, to | |||||||
| defer us N ament ofthe creditor for at least twelve months efier the reporting date. IfIh are is an unumditi |
on | at right |
to defer as Element | fcrat | ||||||
| least twelve months after the reporting date, they are presented as nonmurrent liabitmes. |
||||||||||
| Trade creditors ere recognised initially el the Iranssckon price and eubsequsngy measured at amorlised |
cost using the elfective interest | |||||||||
| method. | ||||||||||
| Funds | ||||||||||
| Fund designations are fommlly approved and minuted by the Trustees. Separate mxmuntlng records are |
kept for | restricted | funds. |