2022-11-30-accounts - Exmoor Calvert Trust

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						Pages
Trustees' annual report (incorporating			the	director's	report)	1 to 10
Independent	auditor's	report to the members				11to 15
Statement expenditure	offinancial account)	activities (Including		income	and	16
Statement	of financial	position				17
Statement	of cash flows					18
Notes to the financial		statements				19to 33

financial st	atements ofthe charit	atements ofthe charit	atements ofthe charit	y for the year end	ed 30November 2022.
Reference	and administrative			details
Registered	charity	name		Exmoor Calvert	Trust
Charity registration		number		1005776
Company	registration		number	02637448
Principal office and		registered		Wistlandpound
Office				Kentisbury
				Barnstaple
				Devon
				EX314SJ
Vice Presidents				Marcia Cook
				Norman Croucher OBE
				Ann Gumming	BEM
				Colin Drummond OBE DL
				John Gillett
				Antoine Khayat DL Sir Michael Knight KCBAFC (Deceased 28.11.22)
				Michael Mant
				Annie Maw LL
				Rob Paynter
				Brian Sherwin
				Colin Walker
				Dr Tom Bigge
				Lady Gass DCVO JP
The Trustees
				Lady Acland
				The Countess	of Arran CVO MBE VLL (President)
				David Cooper
				Jim French CBE DL
				Christopher Gregson
				Peter Maggs CBE (Chair)
				Susan May
				Paul Petrides
				Philip Sampson
				Teresa Turner
				William Vandersteen

Company	Christopher	Gregson
Officers	Jennifer Young, Centre		Director from 2.5.23 (previously		Andrew
	Laming)
Auditor	Westcotts (SW) LLP
	Chartered Accountants		&Statutory	Auditors
	47 Boutport	Street
	Barnstaple
	Devon
	EX311SQ
Bankers	National Westminster
	41 High Street
	Barnstaple
	Devon
	EX31 1BZ

			2022		2021
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	t	t	t
Income and endowments
Donations and legacies Charitable activities	6	176,662 1,023,795	101,388	278,050 1,023,795	779,535 430,405
Other trading activities Investment income	7 8	971		982	468 64
Other income	9	35,832		35,832	494,836
Total income		1,237,260	101,399	1,338,659	1,705,308
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies Expenditure on charitable activities	10 11,12	108,764 1,551,559	17,161	108,764 1,568,720	51,253 1,158,471
Total expenditure		1,660,323	17,161	1,677,484	1,209,724
Net (expenditure)/income		(423,063)	84,238	(338,825)	495,584
Transfers between funds		75,652	(75,652)
Net movement in funds		(347,411)	8,586	(338,825)	495,584
Reconciliation offunds
Total funds brought forward		4,188,095	110,742	4,298,837	3,803,253
Total funds carried forward		3,840,684	119,328	3,960,012	4,298,837

30November 202	2
				2022	2021
			Note	2
Fixed assets Tangible fixed assets			18	3,877,040	3,959,917
Current assets Stocks Debtors Cash at bank and in hand			19 20	1,924 286,556 508,451	1,561 289,154 865,679
				796,931	1,156,394
Creditors: amounts	falling due within one year		21	662,292	745,807
Net current liabilities				134,639	410,587
Total assets less current liabilities				4,011,679	4,370,504
Creditors: amounts	falling due after more than one year	-	22	51,667	71,667
Net assets				3,960,012	4,298,837
Funds ofthe charity Restricted funds Unrestricted funds				119,328 3,840,684	110,742 4,188.095
Total charity funds			27	3960012	4298837

Company Limited by Guarantee Statement of Cash Flows Year ended 30November 2022
		2022 f	2021
Cash flows from operating activities Net (expenditure)/income		(338,825)	495,584
Adjustments for: Depreciation oftangible fixed assets Government grant income Other interest receivable and similar income		170,406 (982)	175,392 (167,723) (64)
Interest payable and similar charges Gains on disposal of tangible fixed assets Accrued (income)/expenses		6,407 (1,060) (6,968)	1,656 (469,027) 42,349
Changes /n: Stocks		(363)	217
Trade and other debtors		2,598	61,192
Trade and other creditors		(139,310)	(139,998)
Cash used by operations		(307,197)	(422)
Interest paid Interest received		(6,407) 982	(1,656) 64
Net cash used in operating activities		(312,622)	(2,014)
Cash flows from investing activities Purchase oftangible assets Proceeds from sale oftangible assets		(88,369) 1,900	(144,346) 595,286
Net cash (used in)/from investing activities		(86,469)	450,940
Cash flows from financing activities Proceeds from borrowings Repayments of borrowings Government grant income Net capital payment offinance lease liabilities		70,000 (20,000) (8,137)	(8,333) 167,723 (11,088)
Net cash from financing activities		41,863	148,302
Net (decrease)/increase in cash and cash Cash and cash equivalents at beginning	equivalents of year	(357,228) 865,679	597,228 268,451
Cash and cash equivalents at end of year		508,451	865,679

				Unrestricted	Restricted	Total Funds	Total Funds
				Funds	Funds		2022
					2		2
Donations				166,044	83,804		249,848
Donations	for		bursaries		17,069		17,069
Legacies Government		grants		4,618 6,000	515		5,133 6,000
				176,662	101,388		278,050
				Unrestncted	Restricted	Total Funds
				Funds	Funds		2021
				2	2
Donations				470,267	100,976		571,243
Donations	for		bursaries		40,569		40,569
Legacies Government		grants		167,723			167,723
				637,990	141,545		779,535

6.	Charitable a	ctivities
				Unrestricted	Total Funds	Unrestricted		Total Funds
				Funds	2022		Funds	2021
					2		2
	Holiday income Staff rents			981,044 39,555	981,044 39,555		412,158 15,786	412,158 15,786
	Grass keep			3,196	3,196		2,461	2,461
				1,023,795	1,023,795		430,405	430,405
7.	Other trading activities
				Restricted	Total Funds		Restricted	Total Funds
				Funds	2022		Funds	2021
				6	2			2
	Other activities for generating		funds				468	468
8.	Investment	income
					Unrestricted		Restricted	Total Funds
					Funds		Funds	2022
								2
	Bank interest				971		11	982
					Unrestricted		Restricted	Total Funds
					Funds		Funds	2021
					2
	Bank interest				63		1	64
9.	Other income
				Unrestricted	Total Funds	Unrestricted		Total Funds
				Funds	2022		Funds	2021
					2
	Gain on disposal oftangible assets held for charity's own Other income		fixed use	1,060 34,772	1,060 34,772	'	469,027 25,809	469,027 25,809
				35,832	35,832		494,836	494,836

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2022	Funds	2021
		2	2		2
Costs of raising donations - Donations	and legacies	108,764	108,764	51,253	51,253

Expenditure on	charitable activities by fun	d type
		Unrestricted	Restdcted	Total Funds
		Funds	Funds	2022
		2		2
Accommodation Depreciation Costs of running Support costs	&activities Discovery Centre	1,045,667 170,406 335,486	15,348 1,813	1,061,015 170,406 1,813 335,486
		1,551,559	17,161	1,568,720
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
		2
Accommodation	&activities	643,216	106,550	749,766
Depreciation Costs of running Support costs	Discovery Centre	175,392 229,784	3,529	175,392 3,529 229,784
		1,048,392	110,079	1,158,471

	Activities
	undertaken		Total funds	Total fund
	directly	Support costs	2022	2021
	2		2
Accommodation &activities Depreciation Costs of running Discovery Centre Governance costs	1,061;015 170,406 1,813	328,526 6,960	1,389,541 170,406 1,813 6,960	972,710 175,392 3,529 6,840
	1,233,234	335,486	1,568,720	1,158,471

		Support costs	Total 2022	Total 2021
			2	2
Staff costs		266,955	266,955	175,198
General	office	35,997	35,997	26,531
Marketing Interest paid Auditor's remuneration		19,167 6,407 6,960	19,167 6,407 6,960	19,559 1,656 6,840
		335,486	335,486	229,784

Net expenditure/(income) is stated after charging/(crediting):
	2022	2021
		2
Depreciation oftangible fixed assets Gains on disposal oftangible fixed assets Fees payable for the audit ofthe financial statements	170,406 (1,060) 6,960	175,392 (469,027) 6,840

			2022	2021
			2
Wages and salaries Social security costs Employer contributions	to pension	plans	917,708 67,176 23,540	632,189 42,334 15,235
			1,008,424	689,758

				2021
				No.
Office				11
Fundraising Caretaker/maintenance				2 3
Instructor				12
Domestic and catering				7
				35
The number	of employees	whose remuneration	for the year fell within the following 2022	bands, were: 2021
			No.	No.
260000t	269999		1

Tangible fixed ass	ets
		Long
	Freehold	leasehold	Plant and Fixtures and		Motor
	property	property	machinery	fittings 2	vehicles	Total
Cost
At 1 Dec 2021 Additions	5,626,486 31,561	104,147	1,135,155 53,812	380,505 2,996	49,019	7,295,312 88,369
Disposals			(1,200)			(1,200)
At 30 Nov 2022	5,658,047	104,147	1,187,767	383,501	49,019	7,382,481
Depreciation At1 Dec2021	2,091,073	45,637	793,526	356,140	49,019	3,335,395
Charge for the year Disposals	112,837	2,083	47,327 (360)	8,159		170,406 (360)
At 30Nov 2022	2,203,910	47,720	840,493	364,299	49,019	3,505,441
Carrying amount At 30Nov 2022	3,454,137	56,427	347,274	19,202		3,877,040
At 30 Nov 2021	3,535,413	58,510	341,629	24,365		3,959,917

19.	Stocks
			2022	2021
			2
	Finished goods and goods for resale		1,924	1,561
20.	Debtors
			2022	2021
	Trade debtors		251,170	261,950
	Prepayrnents and accrued income		35,386	27,204
			286,556	289,154
21.	Creditors: amounts falling due within one year
			2022	2021
	Bank loans and overdrafts		20,000	20,000
	Payments received on account Trade creditors		41,852 58,120	11,727 50,390
	Accruals and deferred income		454,633	617,605
	Social security and other taxes Obligations under finance leases and hire purchase Supporters'loans	contracts	17,687 70,000	37,948 8,137
			662,292	745,807

			2022	2021
				2
At 1 December 2021			568,537	663,709
Amount	released	to income	(568,537)	(663,709)
Amount	deferred	in year	411,633	568,537
At 30November		2022	411,633	568,537

		At				At 30
	1 December					November
		2021	Income	Expenditure	Transfers	2022
				2		2
General reserve Bursary fund Equipment fund		138,180 40,000 50,000	1,237,260	(1,490,277)	(11,519)	(126,356) 40,000 50,000
Tangible fixed asset fund		3,959,915		(170,046)	87,171	3,877,040
		4,188,095	1,237,260	(1,660,323)	75,652	3,840,684
		At				At 30
	1	December				November
		2020	Income	Expenditure	Transfers	2021
General reserve Bursary fund Equipment fund		(521,127) 40,000 50,000	1,563,294	(1,099,293)	195,306	138,180 40,000 50,000
Tangible fixed asset fund		4,117,221		(352)	(156,954)	3,959,915
		3,686,094	1,563,294	(1,099,645)	38,352	4,188,095

Restrictedfunds
		At				At 30
		1 December				November
		2021	Income	Expenditure	Transfers	2022
		2		2	2
Bursary funds Unlocking potential Capital restricted fund		87,201 8,028 1,621	17,069 11 59,690	(1,813) (13,158)	(52,926) (2,611)	51,344 6,226 45,542
Equipment restricted fund		12,292	21,129	(590)	(20,115)	12,716
Fabric restricted	fund	1,600		(1,600)
Social Enterprise
Support Fund
The National Lottery
Community Fund Jack Riley Trust	Fund		3,500			3,500
		110,742	101,399	(17,161)	(75,652)	119,328
		At				At 30
		1 December				November
		2020	Income	Expenditure	Transfers	2021
Bursary funds Unlocking potential Capital restricted fund		64,490 11,088 3,550	40,570 469	(1) (3,529)	(17,858) (1,929)	87,201 8,028 1,621
Equipment restricted fund Fabric restricted fund		5,889	41,429 1,600	(16,461)	(18,565)	12,292 1,600
Social Enterprise
Support Fund		29,993		(29,993)
The National Lottery
Community Fund		2,149	57,946	(60,095)
Jack Riley Trust	Fund
		117,159	142,014	(110,079)	(38,352)	110,742

Analysis of net as	se	ts between funds
			Unrestricted	Restricted	Total Funds
			Funds	Funds		2022
						2
Tangible fixed assets Current assets			3,877,040 677,603	119,328		3,877,040 796,931
Creditors less than 1 Creditors greater than		year 1 year	(662,292) (51,667)			(662,292) (51,667)
Net assets			3,840,684	119,328		3,960,012
			Unrestdicted	Restdicted		Total Funds
			Funds	Funds		2021
Tangible fixed assets Current assets			3,959,915 1,045,652	110,742		3,959,915 1,156,394
Creditors less than 1 Creditors greater than		year 1 year	(745,807) (71,667)			(745,807) (71,667)
Net assets			4,188,093	110,742		4,298,835
Analysis of changes		in net debt
						At
			At1Dec2021	Cash flows		30Nov2022
				2		2
Cash at bank and	in hand		865,679	(357,228)		508,451
Debt due within one year Debt due after one year			(28 137) (71,667)	8 137 20,000		(20000) (51,667)
			765,875	(329,091)		436,784