2023-03-31-accounts - Cuerden Valley Park Trust

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		Endowment		Unrest-	Rest-	Total	Total
		Funds		ricted	ricted	Funds	Funds
			Income		Income
	Notes			Funds	Fsads	2023	2022
							6
Income and endowments from:
Donations and legacies				67,053	7,760	74,813	61,103
Other trading activities				55,557		55,557	52,359
Income from investments				41,694		41,694	33,108
Income from charitable activities:
Promotion and preservation				87,952		87,952	97,885
Improvement/development				27,474		27,474	1,972
Educational activities				9 118		9 118	7770
Total income and endowments			2	4
Expenditure on:
Expenditure on raising funds				27,903		27,903	23,799
Expenditure on charitable activities:
Promotion and preservation			206,965			206,965	181,895
Improvement/development			162,115		3,557	165,672	79,382
Educational activities				32644		32644	20779
Total expenditure
Net gains/ (losses) on investments	12			149		7 149	41031
Net income/(expenditure)			(216,928)		4,203	(212,725)	(10,627)
Transfers between funds	15			145	14577
			(202y351)		(10/74)	(212y725)	(10y627)
Gains(losses) on revaluation offixed assets	11			17 165	18986	36 151	271 850
Net movement in funds			(219416)		(29,360)	(248,876)	261,233
Reconciliation offunds
Total funds brought forward		I 201 138	2 373333		188066	3762537 3501 14
Total funds carried forward

	BA	LANCE SH	EET ASAT 31	MARCH 2023
				2023		2022
		Notes
Fixed assets
Tangible assets Investments		ll 12		2,391,574		2,337,473 ~973
Total fixed assets				3,408,253		3,629,211
Current assets
Stocks			7,298
Debtors		13	86,770		64,545
Cash at bank and in	hand		182834		148435
Total current assets			276,902		212,980
Liabilities
Creditors: Amounts	falling due
within one year		14	171494		79654
Net current assets				105408		133326
Total assets less current liabilities						3 762 537
The funds ofthe charity:
Endowment funds				1,201,138		1,201,138
Restricted income	funds			158,706		188,066
Unrestricted income funds
General funds			1,914,113		2,054,329
Revaluation reserve			239704		319004
Total unrestricted	funds			2 153817		2373333
Total charity funds		15		3661		~3762 537

Donations and legacies
	2023	2022
Donations	74,813	57,060
Grants		4043
	74 813	61 103

Other trading activities
			6	f
Income from various non-charitable		trading activities	15,970	12,212
Incoine from fundraising	events		10,692	5,324
Income &om letting			28,570	32,251
Other income			325	2 572
				52 35

Listed investments	41,373	33,049
Cash investments	321	59
		3 10

Income from charitable	trading activities:
Provision ofparking facilities		84,955	93,984
Grants		30,471	5,873
Income from educational	activities	9 118	7770
		124 44

		Endowment	Unrest-	Rest-	Total
		Funds	ricted	ricted	Funds
			Income	Income
			Funds	Funds	2022
Income and endowments	from:
Donations and legacies			51,832	9,271	61,103
Other trading activities			49,930	2,429	52,359
Income from investments			33,108		33,108
Income from charitable activities
Promotion and preservation			97,885		97,885
Improvement/development			1,972		1,972
Educational activities			7770		0
Total income and endowments
Expenditure on:
Expenditure on raising funds			23,799		23,799
Expenditure on charitable activities:
Promotion and preservation			181,895		181,895
Improvement/development			75,825	3,557	79,382
Educational activities			20779		20
Total expenditure
Net gains (losses) on investments			41031		41 031
Net income/ (expenditure)			(18,770)	8,143	(10,627)
Transfers between funds			3029	3029
			(15)741)	5,114	(10,627)
Gains(losses) on revaluation	offixed assets		271 850		271 850
Net movement in funds			256,109	5,114	261,223
Reconciliation offunds
Total funds brought forward		I 201 138	2 117224	182952	3501314
Total funds carried forward

Total expenditure
				Direct		Support	Total	Direct	Support		Total
				Costs		Costs	2023	Costs	Costs		2022
Expenditure on raising funds:
Salaries &wages				10,910		1,179	12,089	8,777		922	9,699
Fundraising events				4,893			4,893	1,650			1,650
Depreciation				484			484	501			501
Equipment &maintenance
Telephone &stationery						362	362			449	449
Legal &professional	fees					230	230			170	170
Sundry expenses						260	260	541		517	1,058
Rates, light &heat						110	110			106	106
Governance costs
Auditors remuneration						418	418			414	414
Indemnity insurance						38	38			32	32
Portfolio management	fees					9,019	9,019		9,463		9,463
Restricted funds
Fundraising events								257			257
				1628		6	7	Il 26	12
Expenditure on charitable			activities:
Unrestricted funds
Park contract work				45,544			45,544	12,507			12,507
Car park maintenance				8,942			8,942	8,476			8,476
Salaries &wages				161,942	25,203		187,145	115,439	18,288		133,727
Motor expenses				8,552			8,552	8,592			8,592
Depreciation				21,046			21,046	15,670			15,670
Equipment &maintenance				24,016			24,016	15,170			15,170
General insurance				32,263			32,263	20,233			20,233
Telephone &,stationery						7,747	7,747	175	8,901		9,076
Legal &professional	fees			26,150		4,918	31,068	19,082	3,375		22,457
Sundry expenses &recruitment						5,555	5,555	282	10,269		10,551
Train mg				4,969			4,969	3,050			3,050
Rates, light &heat				11,208		2,353	13,561	5,252	2,107		7,359
Governance costs
Auditors remuneration						8,931	8,931		8,218		8,218
Indemnity insurance						806	806			641	641
Restricted funds
Park contract work								990			990
Equipment &maintenance				1,577			1,577	1,782			1,782
Depreciation				3557			3557	3557			3557
								302	51		282 5
Expenditure on raising	funds				11,616		27,903	11,726	12,073		23,799
Expenditure on charitable		activities:
Promotion and preservation				178,717	28,248		206,965	148,673	33,222		181,895
Improvement/development				142,890	22,782		165,672	64,659	14,723		79,382
Educational activities				28 160	4484		32644	16925	3	854	20779
					6	3		24 3		72	305 855


8.	Net income/expenditure								2023		2022
	is stated after charging
	Depreciation oftangible		fixed assets
	- owned by the company								25,087		19,729
	Auditors remuneration -		audit fees						4,884		4,316
	-		other financial			services			~4883		~431
9.	Staff costs and numbers
	Wages and salaries								179,734		130,039
	Social Security costs								11,079		6,969
	Employer's contribution		to	personal pension schemes					8421		6418
	No employee received	employee			benefits off60,000 per annum		or more.	The	total employee	benefits of the
	Trust's key management			personnel		were f34,357 (2022 f31,046). The		total	average monthly		number of
	eruployees, analysed by	function was:
									2023		2022
	Chief executive (full time)								1		1
	Park manager (full time)										1
	Park rangers (full time)										2
	Park rangers (part time)										1
	Office managers (part time)										1
	Education officer (part time)										1
	Operations manager (full		time)								1
											8

										2023	2022
Fixed asset investments
Listed investments										996,678	1,291,738
Equity investments in group undertaking										1	1
Loan to group undertaking										~20 000
										~1	~12 1 3
Listed investments
Market value at 1 April 2022										1,291,738	1,283,155
Additions										507	446,628
Disposal proceeds										(219,418)	(479,076)
Gains (losses) on disposal										(14,014)	27,141
Gains (losses) on revaluation										~62 135	13890
Market value at 31March 2023										~6 678	1 291738
Historic cost at 31March 2023										915058	1 147983
UK investments										453,839	668,804
Non-UK investments										542 839	622 934
										~66 8
The market value of listed investments			includes			cash pending off20,379 (2022 68L806) held as part of the
investment portfolio. All the listed		investments		are		held to provide an investment		return for the charity and are not
programme related investments	made primarily				as part of the Trust's		charitable		activities. At the		year end the
Trust's listed investments included		holdings of53,985 units valued at 857,332						in	the Fidelity Strategic Bond Y
Class, 65,000 units valued at f67,574 in			the Royal London Sterling Extra Yield					Bond and 6,314units valued at
661,548 in the Stewart Asia Leaders Fund which						exceeded 5% of the	total market			value of investments at 31
March 2023 and are therefore	considered		material			in the context of the investment				portfolio (2022 53,985 units
valued at 865,484 in the Fidelity		Strategic Bond			Y Class, 65,000 units		valued	at	673,807 in the Royal London
Sterling Extra Yield Bond and 6,314units			valued		at 662,640 in the Stewart Asia Leaders Fund).

Analysis ofnet a	ssets between funds
			Unrestricted	Restricted	Total
			funds	funds	funds
Fund balances at	31March 2023 are represented	by:	8	8
Tangible fared assets			2,250,479	141,095	2,391,574
Investments			1,016,679		1,016,679
Current assets			259,291	17,611	276,902
Creditors: amounts	falling due within one year		171494		171494
Total net assets			3 35