2022-03-31-accounts - Sunnyside Rural Trust Limited

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						'
Trustees	and Directors				M J Russell		(Chairperson)
					J F Dyson
					J Laws		(Vice Chairperson)
					A Connors
					R Powell
					W Conian
					*Trustee only		"SRTTrading	Limited
Director (SRTTrading			only)		K Siddiqui Charlick
Secretary	(Charity)				K Siddiqui Charlick
Chief Executive					K Siddiqui Charlick
Charity number					1004264
Company	number	(Charity)			2600844
Subsidiary	undertaking				SRTTrading Limited
Company	number	(Trading Company)			0771543
Principal	address	and	registered	office	Civic Centre
					161-163High Street
					Berkhamsted
					Hertfordshire HP4		3HD
Auditor					Gowers Limited
					The Old School	House
					Bridge Road
					Hunton Bridge
					Kings Langley
					Hertfordshire WD4		8SZ
Bankers					HSBC Bank pic
					181 High Street
					Berkhamsted
					Hertfordshire HP4		3HQ
					CAF Bank
					25 Kings Hill Avenue
					West Mailing
					Kent ME194JQ
Solicitors					Harrowell &Atkins
					Boxwell House
					275 High Street
					Berkhamsted
					Hertfordshire HP4		1BW

		Page
Trustees' report		1-	6
Statement oftrustees'	responsibilities
independent auditor's	report	8-	10
Statement offinancial	activities	11-	12
Balance sheet		13
Statement ofcash flows		14
Notes to the financial	statements	15 -	30

COVID-19	COVID-19
Following the identification internationally of the Coronavirus		(COVID-19j in early 2020 and the measures						taken to respond			to it,	it is
clear that the economy has been and continues to be impacted, Although				this may in turn impact the			ongoing		results ofthe	charity,		it is
nonetheless considered that the Going Concern basis of the		preparation		of the financial statements			remains		appropriate.	The charity
has	weathered the pandemic with creative and pragmatic leadership which			will ensure our work can continue					in the future.
Plans for the future
1	Training and employment opportunities including:
	To increase our range ofservices and trainee numbers
	To develop a further site, creating more opportunities for	our trainees
	To create more animal care projects for their therapeutic	benefit and		work opportunities
	To ensure we maintain our approved providers status with HCC, which is due for re-tender
2	Marketing and publicity including:
	Ensure the 'story' of SRT is captured and widely told
	Apply for awards to ensure we are recognised for our work
	Better and more directed marketing oftrainee services
	Marketing plan and action for each social enterprise stream
3	Environmental sustainability including:
	To create an Environmental sustainability strategy that works towards			a carbon	neutral	operating	position
	To install renewable energy sources across all our sites
	To implement a central purchasing policy centred around	fair-trade,	zero waste		and local produce
4	Financial sustainability including:
	To develop a financia! strategy to enable our work
	To ensure each site has an operating budget with associated targets
5	Social Enterprise including:
	Increase social enterprise activity and revenue to provide	the charity		with independent		income to	further		our work
	To purchase agricultural land to further our perennial business and		horticultural		therapy	services
	Each social enterprise strand should have a project plan	with a budget and targets
6	Human Resources:
	To maintain our gold standard IIP
	Contract review for all staff to ensure everyone is working	towards	the long term success ofSRT
7	Health &Safety
	To ensure we maintain our high standards in Health &Safety
	To ensure data protection legislation is adhered to and we protect		our stakeholders

Current Year				Unrestricted	Restricted	2022	2021
			Notes	Funds	Funds	Total Funds	Total Funds
				E	E	f	E
~lncomin from:
Donations				54,676		54,676	195,025
income from charitable	activities:
Day training and employment				896,343	192,688	1,089,031	982,920
income from other trading		activities:
Fundraising activities							10
Trading activities				64,944		64,944	45,672
Investment income				4,518		4,518	4,628
Total income				1,020,481	192,688	1,213,169	1,228,255
~Ex endiiore on:
Costs ofraising funds:
Fundraising activities				3,601	164	3,765	2,249
Expenditure on charitable		activities:
Day training and employment			10	915,027	197,987	1,113,014	1,010,576
Total expenditure				918,628	198,151	1,116,779	1,012,825
Net incoming/(outgoing)		resources before
transfers				101,853	(5,463)	96,390	215,430
Gross transfers between		funds		502	(502)
Net income/(expenditure)		for the year/
Net movement in funds				102,355	(5,965)	96,390	215,430
Funds balances at 01 April 2021				1,185,468	184,550	1,370,018	1,154,588
Funds balances at 31 March 2022				1,287,823	178,585	1,466,408	1,370,018

FOR THE YEAR EN	DE	D 31MARCH 202	1
Prior Year				Unrestricted	Restricted	2021
			Notes	Funds	Funds	Total Funds
				E	E	E
~lncomin from:
Donations				195,025		195,025
Income from charitable activities:
Day training and employment				897,402	85,518	982,920
Income from other trading	activities:
Fundraising activities				10		10
Trading activities				45,672		45,672
Investment income				4,628		4,628
Total income				1,142,737	85,518	1,228,255
Ex enditure on:
Costs ofraising funds:
Fundraising activities				1,269	980	2,249
Expenditure on charitable	activities:
Day training and employment			10	835,520	175,056	1,010,576
Total expenditure				836,789	176,036	1,012,825
Net incomingl(outgoing)	resources before
transfers				305,948	(90,518)	215,430
Gross transfers between	funds			2,085	(2,085)
Net income/(expenditure)		for the year/
Net movement in funds				308,033	(92,603)	215,430
Funds balances at 01 April		2020		877,435	277,153	1,154,588
Funds balances at 31 March 2021				1,185,468	184,550	1,370,018

						Group	Charity	Group	Charity
					Notes	2022	2022	2021	2021
Fixed assets
Tangible assets					15	446,737	394,124	480,374	434,664
Fixed Asset Investments					16		1		1
						446,737	394,125	480,374	434,665
Current assets
Stock					18	33,199		44,325
Debtors					19	122,845	211,783	87,056	177,819
Cash at bank and	in	hand				918,514	799,257	823,255	723,562
						1,074,558	1,011,040	954,636	901,381
Creditors: amounts		falling	due within	one year		(54,887)	(32,358)	(64,992)	(28,798)
Net current assets						1,019,671	978,682	889,644	872,583
Total assets less	current		liabilities			1,466,408	1,372,807	1,370,018	1,307,248
Income funds
Restricted funds					21	178,585	154,170	184,550	157,920
Unrestricted funds
Designated funds					22	1,100,799	1,100,799	914,928	914,928
Other unrestricted	funds					187,024	117,838	270,540	234,400
						1,466,408	1,372,807	1,370,018	1,307,248

					Notes	2022	2021
Cash flows from operating activities
Cash generated from operations					28	105,727	268,173
Investing	activities
Purchase	oftangible fixed assets				15	(14,990)	(60,195)
Proceeds	on disposal of tangible	fixed assets					6,046
Interest received						4,518	4,730
Net cash	generated from/(used	in) investing		activities		(10,472)	(49,419)
Net cash	used in financing activities
Net increase in cash and cash		equivalents				95,255	218,754
Cash and	cash equivalents at beginning		ofyear			823,259	604,501
Cash and	cash equivalents at end of		year			918,514	823,255

OR	THE YEAR	ENDED 3	1MARCH 2022
3	Donations			Unrestricted	Restricted
				Funds	Funds	2022	2021
					f.	f
	Donations and gifts			36,977		36,977	63,995
	Covid-19 grant income			17,699		17,699	131,030
				54,676		54,676	195,025
	For the year	ended 31 March 2021		195,025		195,025
	Covid-1 9 grant income
	Dacorum Borough Council						25,000
	Hertfordshire	County Council				16,115	105,238
	Central Bedfordshire Council					1,584	792
						17,699	131,030
4	Day training	and employment		Unrestricted	Restricted
				Funds	Funds	2022	2021
						K	E
	Training fees	and sponsorship		877,178		877,178	785,457
	Client food income			4,029		4,029	2,244
	Performance	related grants		15,136	192,688	207,824	195,219
				896,343	192,688	1,089,031	982,920
	For the year	ended 31 March 2021		897,402	85,518	982,920
	Performance	related grants
	Big Lottery Fund/European		Social Fund			104,111	94,901
	Good Things	Foundation				17,700
	Dacorum Economic Recovery Fund					28,300
	Fresh Leaf Charitable Foundation					9,303
	HSBC						25,000
	Hertfordshire	County Council				1,000	24,800
	Hertfordshire	Community	Foundation			29,471	12,000
	NHS						9,620
	The Edward	Gostling Foundation.					5,000
	Aviva						4,172
	Calor Gas						4,277
	Dacorum Borough Council						3,000
	Age UK Decorum					10,000
	Other					7,939	12,449
						207,824	195,219

10	Day training and employment	Day training and employment	Day training and employment						Unrestricted	Restricted
									Funds	Funds	2022	2021
										f	f	E
	Staff costs								723,533	123,644	847,177	786,488
	Depreciation and impairment								33,194	7,346	40,540	29,634
	Other staff costs								10,096	525	10,621	1,380
	Direct project costs								46,310	1,091	47,401	66,598
	Premises costs								12,435		12,435	12,241
	Insurance costs								6,494		6,494	7,094
	Site and maintenance costs								23,929	56,340	80,269	50,523
	Office costs								7,796	151	7,947	6,152
	Computer costs								1,924	4,871	6,795	4,489
	Transport and travel								35,240	3,955	39,195	20,468
	General expenses								4,473	64	4,537	2,669
	Legal and professional		costs						9,861		9,861	10,538
	Bank charges and other		finance		costs				396		396	339
	Bad and doubtful debts								(5,670)		(5,670)	6,738
	Governance costs								5,016		5,016	5,225
									915,027	197,987	1,113,014	1,010,576
	For the year ended 31	March 2021							835,520	175,056	1,010,576
	Governance costs comprise:								Unrestricted	Restricted
									Funds	Funds	2022	2021
										f	f	E
	Auditors fees								2,700		2,700	5,173
	Accountancy fees								2,220		2,220
	Trustee meeting expenses								96		96	52
									5,016		5,016	5,225
	For the year ended 31	March 2021							5,225		5,225
	Net movement in funds										2022	2021
												E
	Net movement in funds		is stated		after	charging/(crediting)
	Depreciation of owned	tangible		fixed assets							48,627	37,907
12	Auditor's remuneration
	The analysis ofauditor's		remuneration			is	as	follows:			2022	2021
	Fees payable to the charitable				company's			auditors	and associates:			E
	Audit ofthe charitable	company's			annual		accounts				2,700	5,173

OR	THE YEAR ENDED 31M	ARCH 2022
15	Tangible assets	Leasehold Property	Plant and Machinery	Fixtures, Fittings and Computers	Motor Vehicles	Total
	Group and Charity			f
	Cost
	At 01 April 2021	698,449	158,254	110,161	174,373	1,141,237
	Additions				14,990	14,990
	At 31 March 2022	698,449	158,254	110,161	189363	1 156227
	Depreciation
	At 01 April 2021	284,695	153,307	104,754	118,107	660,863
	Charge for the year	27,582	2,576	2,585	15,884	48,627
	At 31 March 2022	312,277	155,883	107,339	133,991	709,490
	Net book value
	At 31 March 2022	386,172	2,371	2,822	55,372	446,737
	At 31 March 2021	413,754	4,947	5,407	56,266	480,374
				Fixtures,
	Charity	Leasehold Property	Plant and Machinery	Fittings and Computers	Motor Vehicles f	Total
	Cost
	At 01 April 2021	647,727	65,784	74,834	125,545	913,890
	Additions
	At 31 March 2022	647,727	65,784	74,834	125,545	913,890
	Depreciation
	At 01 April 2021	265,844	61,570	71,267	80,545	479,226
	Charge for the year	25,046	2,408	1,836	11,250	40,540
	At 31 March 2022	290,890	63,978	73,103	91,795	519,766
	Net book value
	At 31 March 2022	356,837	1,806	1,731	33,750	394,124
	At 31 March 2021	381,883	4,214	3,567	45,000	434,664

5	Fundraising	activities				Unrestricted	Restricted
						Funds	Funds	2022	2021
	Fundraising	events							10
	For the year	ended 31 March		2021		10		10
6	Trading activities					Unrestricted	Restricted
						Funds	Funds	2022	2021
	Surplus/(deficit) from trading			activities (see note 27)		64,944		64,944	45,672
	For the year	ended 31 March		2021		45,672		45,672
7	Investment	income				Unrestricted	Restricted
						Funds	Funds	2022	2021
							K		E
	interest receivable					4,518		4,518	4,628
	For the year	ended 31 March		2021		4,628		4,628
8	Expenditure				Staff	Premises	Other	2022	2021
					Costs (R)	Costs (6)	Costs (K)		E
	Expenditure	an raising funds:
	Fundraising	activities					3,765	3,765	2,249
	Expenditure	an charitable	activities,
	Day training and employment				847,177	12,435	253,402	1,113,014	1,010,576
	Total expenditure				847,177	12,435	257,167	1,116,779	1,012,825
9	Fundraising	activities				Unrestricted	Restricted
						Funds	Funds	2022	2021
							E
	Fundraisin	activities
	Other fundraising costs					3,601	164	3,765	2,249
	For the year	ended 31 March		2021		1,269	980	2,249

Employees	Employees
Number ofemployees
The average monthly	number			of employees		during	the	year was:	2022	2021
									Number	Number
Direct charitable and	support			staff					45	40
Office and management		staff							5	5
									50	45
Employment Costs									2022	2021
									f
Wages and salaries									765,236	712,865
Social security costs									60,641	54,101
Other pension costs									21,300	19,522
									847,17?	786,488
The number ofemployees			whose annual		remuneration			was 660,000 or more were:
									2022	2021
E?5,001 - f80,000

Financial	instruments	instruments			Group		Charity
					2022	2021	2022	2021
					E	E
Carrying	amount	offinancial	assets
Debt instruments		measured at	amortised	cost	111,830	77,091	90,565	57,316
Carrying	amount	offinancial	liabilities
Measured	at amortised cost				35,598	48,760	17,477	14,778
Financial	assets	measured at amortised		cost compnse	trade and other debtors


18	Stock					Group		Charity
						2022	2021	2022	2021
									f
	Finished	goods for			resale	33,199	44,325
						33,199	44,325
19	Debtors					Group		Charity
						2022	2021	2022	2021
								f	E
	Trade debtors					89,814	56,293	68,549	36,518
	Amounts	owed		by group undertakings				115,198	114,861
	Other debtors					22,016	20,798	22,016	20,798
	Prepayments		and accrued income			11,015	9,965	6,020	5,642
						122,845	87,056	211,783	177,819
20	Creditors: amounts				falling due within one year	Group		Charity
						2022	2021	2022	2021
							f.
	Trade creditors					15,612	31,813	6,425	5,568
	Other taxation			and social security		19,289	16,232	14,881	14,020
	Other creditors					4,530	3,845	3,048	2,360
	Accruals					15,456	13,102	8,004	6,850
						54,887	64,992	32,358	28,798

Restricted Funds		At 01 April				At 31 March
Group and charity		2021 f	Income f	Expenditure	Transfers f	2022 f
SEIF - Northchurch		39,682		(3,958)		35,724
Hemel Food Garden Cafe Fund		39,555		(2,511)		37,044
A Community Hub for People,
Animals and the Environment	at
Northchurch		10,009	1,843	(8,248)		3,604
Building Better Opportunities			88,975	(90,688)	1,713
Serge Hill Orchard Project		37,190		(37,190)
Activities Centre Kitchen
Tesco projects		2,280		(1,791)		489
Hemel Food Garden - Bakery		10,617		(7,305)		3312
Dacorum Economic Recovery
Fund			28,300			28,300
Good Things Foundation Grant			17,700	(5,156)		12,544
Community Garden Project			10,000	(10,000)
Afghanistan Women Grant			9,200	(525)		8,675
Community Opportunity and Day
Activity			10,272			10,272
Fresh Leaf Charitable Foundation
Grant			9,303	(9,211)		92
ADS Grant			5,000	(1,500)		3,500
Northchurch Environmental			4,999			4,999
Other funds		18,587	7,096	(20,068)		5,615
Capital Grant Reserve		26,630			(2,215)	24,415
		184,550	192,688	(198,151)	(502)	178,585
		At 01 April				At 31 March
Group and charity		2020	Income	Expenditure f	Transfers	2021 f
SEIF - Northchurch		43,638		(3,956)		39,682
Hemel Food Garden Cafe Fund		42,067		(2,512)		39,555
A Community Hub for People,
Animals and the Environment	at		16,850	(6,841)		10,009
Building Better Opportunities		2,628	94,901	(98,016)	487
Serge Hill Orchard Project		40,390		(3,200)		37,190
Tesco projects		1,186	7,800	(6,706)		2,280
Hemel Food Garden - Bakery			33,172	(22,555)		10,617
Other funds		3,619	27,696	(12,728)		18,587
Capital Grant Reserve		29,202			(2,572)	26,630
		162,730	180,419	(156,514)	(2,085)	184,550

Restricted Funds	Restricted Funds	(cont'd)		At 01 April				At 31 March
				2021	Income	Expenditure	Transfers	2022
Charity				E			f	E
SEIF - Northchurch				39,682		(3,958)		35,724
Hemel Food	Garden Cafe Fund			39,555		(2,511)		37,044
A Community	Hub for People,
Animals and	the Environment		at
Northchurch				10,009	1,843	(8,248)		3,604
Building Better Opportunities					88,975	(90,688)	1,713
Serge Hill Orchard		Project		37,190		(37,190)
Tesco projects				2,280		(1,791)		489
Hemel Food	Garden- Bakery			10,617		(7,305)		3312
Decorum Economic		Recovery
Fund					28,300			28,300
Good Things	Foundation Grant				17,700	(5,156)		12,544
Community	Garden	Project			10,000	(10,000)
Afghanistan	Women	Grant			9,200	(525)		8,675
Community	Opportunity and Day
Activity					10,272			10,272
Fresh Leaf Charitable Foundation
Grant					9,303	(9,211)		92
ADS Grant					5,000	(1,500)		3,500
Northchurch	Environmental				4,999			4,999
Other funds				18,587	7,096	(20,068)		5,615
				157,920	192,688	(198,151)	1,713	154,170
				At 01 April				At 31 March
				2020	Income	Expenditure	Transfers	2021
Charity
SEIF - Northchurch				43,638		(3,956)		39,682
Hemel Food	Garden	Cafe Fund		42,067		(2,512)		39,555
A Community	Hub for People,
Animals and	the Environment		at
Northchurch					16,850	(6,841)		10,009
Building Better Opportunities				2,628	94,901	(98,016)	487
Serge Hill Orchard Project				40,390		(3,200)		37,190
Tesco projects				1,186	7,800	(6,706)		2,280
Hemel Food	Garden	- Bakery			33,172	(22,555)		10,617
Other funds				3,619	27,696	(12,728)		18,587
				133,528	180,419	(156,514)	487	157,920

Designated	Designated	Funds	At 01 April				At 31 March
			2021	Income	Expenditure	Transfers	2022
Group	and	charity	f			f
Running	Costs Reserve		400,000			200,000	600,000
Community		Hub at Northchurch	264,928		(14,129)		250,799
Development		Fund	250,000				250,000
			914,928		(14,129)	200,000	1,100,799
			At 01 April				At 31 March
			2020	Income	Expenditure	Transfers	2021
Group	and	charity	f	f
Running	Costs Reserve		400,000				400,000
Community		Hub at Northchurch	279,057		(14,129)		264,928
Development		Fund				250,000	250,000
			679,057		(14,129)	250,000	914,928

Analysis	ofnet assets between	funds		Unrestricted	Restricted
				Funds	Funds	2022
Group and charity					f
Fund balances at 31 March 2022		are represented	by:
Tangible	assets			345,950	100,787	446,737
Current	assets/(liabilities)			1,010,255	9,416	1,019,671
				1,356,205	110,203	1,466,408
				Unrestricted	Restricted
				Funds	Funds	2021
Group and charity
Fund balances at 31 March 2021		are represented	by:
Tangible	assets			364,397	115,977	480,374
Current	assets/(liabilities)			858,261	31,383	889,644
				1,222,658	147,360	1,370,018
				Unrestricted	Restricted
				Funds	Funds	2022
Charity
Fund balances at 31 March 2022		are represented	by:
Tangible	assets			314,079	80,045	394,124
Fixed Asset Investments				1		1
Current	assets/(liabilities)			972,939	5,743	978,682
				1,287,019	85,788	1,372,807
				Unrestricted	Restricted
				Funds	Funds	2021
Charity						f
Fund balances at 31 March 2021		are represented	by:
Tangible	assets			341,745	92,919	434,664
Fixed Asset Investments				1		1
Current	assets/(liabilities)			844,772	27,811	872,583
				1,186,518	120,730	1,307,248

Related party transactions
Remuneration of key management	personnel
The remuneration of key management	personnel	is as follows:	2022	2021
			Z
Aggregate compensation			292,574	276,630

cancellable operatin	cancellable operatin	g le	ases,	which	fall due	as follow	s:
Group and charity								Land	and buildings			Other
								2022		2021		2022	2021
										E			E
Expiry date:
In over tive years								1,800		1,800		1,800	1,800
								1,800		1,800		1,800	1,800
Subsidiaries
The wholly owned		subsidiary,		SRT	Trading	Limited,	is incorporated		in the United	Kingdom	(company	number	07771543) and
pays all of its	taxable surpluses			to the parent		charitable		company as a donation.
The summary	financial		performance		ofthe subsidiary			alone is:				2022	2021
													E
Turnover											317,213		230,138
Cost ofsales											113,852		74,305
Gross profit											203,361		155,833
Administrative	expenses										148,178		113,064
Other operating income												9,761	2,852
Interest receivable		and	similar	income									51
Profit on ordinary		activities		before taxation							64,944		45,672
Tax on profit
Profit on ordinary		activities		after taxation							64,944		45,672
Distributions	to parent charity			under	gift aid						34,113		79,265

	The assets and liabilities ofthe	subsidiary	subsidiary	subsidiary	were:	were:		2022	2021
	Tangible fixed assets							52,612	45,711
	Current assets							178,718	168,113
	Current liabilities							(137,729)	(151,054)
	Total net assets							93,601	62,770
	Reserves brought forward							62,770	96,363
	Profit on ordinary activities after	taxation						64,944	45,672
	Distributions to parent charity under			gift aid				(34,113)	(79,265)
	Reserves carried forward							93,601	62,770
28	Cash generated from operations							2022	2021
	Group and charity								F
	Surplus/(Deficit) for the year							96,390	215,425
	Adjustments for:
	Investment income recognised	in	statement			offinancial	activities	(4,518)	(4,730)
	(Gain)/loss on disposal oftangible		fixed		assets				(6,046)
	Depreciation and irnpairrnent oftangible				fixed assets			48,627	37,907
	Movements in working capital:
	Decrease/(increase) in stock							11,126	(16,584)
	Decrease/(increase) in debtors							(35,789)	55,529
	(Decrease)/increase in creditors							(10,109)	(13,328)
	Cash (absorbed by)/generated		from operations					105,727	268,173
								2022	2021
	Charity
	Surplus/(Deficit) for the year							65,559	249,018
	Adjustments for:
	Investment income recognised	in	statement			offinancial	activities	(4,518)	(4,679)
	Depreciation and impairment oftangible				fixed assets			40,540	29,635
	Movements in working capital:
	Decrease/(increase) in debtors							(33,964)	10,463
	(Decrease)/increase in creditors							3,560	(20,658)
	Cash (absorbed by)/generated		from operations					71,177	263,779