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|||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.||||
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