## The Wilderness Trust ## Trustees Report 2022 This has been an active and successful year for the Trust. One Trustee has left, but we have appointed two more. Dr Kevin Blockley has been appointed as Honorary Director and also Honorary Treasurer of the Trust. The new Trust deeds were rejected by The Charity Commission, we have agreed new wording and this is under negotiation. Most of our energy this year has been expended on the Hanging Gardens project with very encouraging results. The building is in constant use by many local groups and we run a community refrigerator and freezer. Work is progressing on the theatre and our first booking is for March 23rd. Our long lease for the whole building, with the exception of the English chapel, has been extended for 20 years. Old Chapel Farm and the associated projects are all proceeding satisfactorily. Ursula Freeman Secretary Unaudited Financial Statements Wilderness Trust For the year ended 31 March 2022 ## **Contents** - **3** Directory - **4** Client Approval - **5** Independent Examiners Report - **6** Income and Expenditure Account - **8** Balance Sheet - **9** Notes to the Financial Statements - **12** Depreciation Schedule - **13** Grants Transactions Wilderness Trust Page 2 of 13 Unaudited Financial Statements ## **Directory** ## **Wilderness Trust For the year ended 31 March 2022** ## **Charity Number** Charity Number : 1011511 ## **Address** Old Chapel Farm, Tylwch, Llanidloes, Powys. SY18 6JR ## **Accountants** Peter Geary Management Ltd 31 Church St Bishops Castle Shropshire SY9 5AD Wilderness Trust Page 3 of 13 Unaudited Financial Statements ## **Client Approval** ## **Wilderness Trust** ## **For the year ended 31 March 2022** In accordance with the engagement letter, I approve the financial information which comprises the Income & Expenditure account, the Balance Sheet and the related notes. I acknowledge my responsibility for the financial information, including the appropriateness of the applicable financial reporting framework as set out in the notes, and for providing Peter Geary Management Limited with all information and explanations necessary for their compilation. ................................................. Kevin Blockley On behalf of Wilderness Trust 07 October 2022 Wilderness Trust Page 4 of 13 Unaudited Financial Statements ## **Independent Examiners Report** ## **Wilderness Trust For the year ended 31 March 2022** I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2022. ## **Responsibilities and basis of report** As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Act; or - the accounts do not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signature......................................... Peter Geary Management Limited (ICAEW) 31 Church Street Bishops Castle SHROPSHIRE SY9 5AD 07 October 2022 Wilderness Trust Page 5 of 13 Unaudited Financial Statements ## **Income and Expenditure Account** ## **Wilderness Trust** ## **For the year ended 31 March 2022** |**Income and Expenditure Account**
**Wilderness Trust**
**For the year ended 31 March 2022**|**Income and Expenditure Account**
**Wilderness Trust**
**For the year ended 31 March 2022**| |---|---| |**NOTES**
**2022**
**2021**|| |**Income**|| |Donations
2,537
180|| |Grants
63,213
59,499|| |Room Hire Income
210
-|| |**Total Income**
**65,960**
**59,679**
**Expenditure**|| ||Rent
300
-| ||Repairs & Maintenance
319
-| ||Direct Wages
26,555
-| ||Staff Training
396
-| ||Audit & Accountancy fees
2,724
-| ||Bank Fees
180
77| ||Legal Expenses
80
-| ||Event Catering
170
-| ||General Expenses
948
96| ||Hanging Garden Expenses
1,190
-| ||Insurance
683
-| ||Licences
40
-| ||Light, Power, Heating
1,392
-| ||Motor Vehicle Expenses
-
265| ||Postage, Freight & Courier
21
-| ||Printing & Stationery
162
-| ||Professional Fees
-
460| ||Restricted fund project expenses
-
83,124| ||Speakers, Tutors and Performers
2,537
-| ||Subscriptions
25
-| ||Telephone & Internet
159
-| ||Tools
1,027
-| ||Travel - National
709
-| ||Unrestricted project expense
-
470| ||Volunteer Expenses
2,306
-| ||Website
3,559
-| ||Winter Pressure fund expenses
723
-| ||Workshop & Class Expenses
310
-| ||Depreciation Expense
7,896
-| ||Fixed Asset Grant Amortisation
(5,885)
-
**Investments**| ||Interest Income
8
2| ||**Total Investments**
**8**
**2**| ||**Total Expenditure**
**48,518**
**84,490**| Wilderness Trust Page 6 of 13 Unaudited Financial Statements Income and Expenditure Account ||**NOTES**|**2022**|**2021**| |---|---|---|---| ||||| |**plus**||**17,442**|**(24,811)**| ## **Surplus** Wilderness Trust Page 7 of 13 Unaudited Financial Statements ## **Balance Sheet** ## **Wilderness Trust** ## **As at 31 March 2022** |**Balance Sheet**
**Wilderness Trust**
**As at 31 March 2022**|**Balance Sheet**
**Wilderness Trust**
**As at 31 March 2022**| |---|---| |**NOTES**
**31 MAR 2022**
**31 MAR 2021**|| |**Fixed Assets**|| |Tangible assets
2
33,032
-|| |**Total Fixed Assets**
**33,032**
**-**
**Current assets**|| ||Wilderness Trust Ltd Loan Account
1,007
-
**Prepayments and accrued income**| ||Prepayments
1,500
-| ||**Total Prepayments and accrued income**
**1,500**
**-**
**Cash at bank and in hand**| ||Cash Account
142
38| ||Wilderness Trust Current Account
10,490
8,140| ||**Total Cash at bank and in hand**
**10,632**
**8,178**| |**Total Current assets**
**13,139**
**8,178**
**Creditors: amounts falling due withinone year**|| |Trade creditors
390
-|| |Other creditors
755
-|| |Grant Income spent on Fixed Assets
25,024
-|| |Accruals and deferred income
4,464
600|| |**Total Creditors: amounts falling due within one year**
**30,633**
**600**|| |**Net current assets (liabilities)**
**(17,495)**
**7,578**|| |**Total assets less current liabilities**
**15,538**
**7,578**
**Creditors: amounts falling due after more than one year**|| |Trustees' Loan Account
10,518
20,000|| |**Total Creditors: amounts falling due after more than one year**
**10,518**
**20,000**|| |**Net Assets**
**5,020**
**(12,422)**
**Fund analysis**|| |Funds
3
5,020
(12,422)|| |**Total Fund analysis**
**5,020**
**(12,422)**|| Wilderness Trust Page 8 of 13 Unaudited Financial Statements ## **Notes to the Financial Statements** ## **Wilderness Trust** ## **For the year ended 31 March 2022** ## **1. Accounting Policies** ## **Basis of preparing the financial statements** The financial statements have been compiled on a basis which enables profits to be calculated in accordance with generally accepted accounting practice and which provides sufficient and relevant information to enable the completion of a tax return. ## **Turnover** Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. ## **Tangible fixed assets** Depreciation is provided, at the following annual rates in order to write off each asset over its estimated useful life. |Freehold Property|No depreciation| |---|---| |Property Improvements|Straight line over 5 years| |Plant & machinery|Straight line over 5 years| |Motor vehicles|Straight line over 5 years| |Equipment|Straight line over 5 years| |**2022**
**2021**|**2022**
**2021**|**2022**
**2021**| |---|---|---| |**2. Tangible Assets**||| ||**Land and buildings**|| |||**Cost**| |||Leasehold Improvements
31,419
-| |||**Total Cost**
**31,419**
**-**
**Depreciation**| |||Less Accumulated Depreciation on Leasehold Improvements
6,284
-| |||**Total Depreciation**
**6,284**
**-**| ||**Total Land and buildings**
**25,135**
**-**
**Office equipment**|| |||**Cost**| |||Computer Equipment
556
-| |||Office Equipment
8,953
-| |||**Total Cost**
**9,509**
**-**
**Depreciation**| |||Less Accumulated Depreciation on Computer Equipment
(78)
-| Wilderness Trust Page 9 of 13 Unaudited Financial Statements Notes to the Financial Statements ||**2022**|**2021**| |---|---|---| |||| |Less Accumulated Depreciation on Office Equipment|(1,534)|-| |**Total Depreciation**|**(1,612)**|**-**| |**Total Office equipment**|**7,897**|**-**| |**Total Tangible Assets**|**33,032**|**-**| Wilderness Trust Page 10 of 13 Unaudited Financial Statements Notes to the Financial Statements |**2022**
**2021**|**2022**
**2021**|**2022**
**2021**| |---|---|---| |**3. Fund Analysis**||| ||**Funds**|| |||**Ashley Family Foundation Restricted Fund**| |||Ashley Family Foundation Restricted Fund - Brought forward
1,500
-| |||Ashley Family Foundation Restricted Fund
(1,500)
1,500| |||**Total Ashley Family Foundation Restricted Fund**
**-**
**1,500**
**Community Foundation Wales Restricted Fund**| |||Community Foundation Wales Restricted Fund - Brought forward
3,500
-| |||Community Foundation Wales Restricted Fund
(3,500)
3,500| |||**Total Community Foundation Wales Restricted Fund**
**-**
**3,500**
**Dulverton Trust Restricted Fund**| |||Dulverton Trust Restricted Fund
5,231
-| |||**Total Dulverton Trust Restricted Fund**
**5,231**
**-**
**Foyle Foundation Restricted Fund**| |||Foyle Foundation Restricted Fund
2,077
-| |||**Total Foyle Foundation Restricted Fund**
**2,077**
**-**
**Postcode Community Trust Restricted Fund**| |||Postcode Community Trust Restricted Fund
64
-| |||**Total Postcode Community Trust Restricted Fund**
**64**
**-**
**Winter Pressures Fund Restricted Fund**| |||Winter Pressures Fund Restricted Fund
2,480
-| |||**Total Winter Pressures Fund Restricted Fund**
**2,480**
**-**| ||**Total Funds**
**9,852**
**5,000**
**Unrestricted Funds**|| ||Unrestricted Funds - Brought forward
(17,422)
7,389|| ||Current Year Earnings
17,442
(24,811)|| ||Current Year Earnings Allocation - Restricted Funds
(4,852)
-|| ||**Total Unrestricted Funds**
**(4,832)**
**(17,422)**|| ||**Total Fund Analysis**
**5,020**
**(12,422)**|| Wilderness Trust Page 11 of 13 Unaudited Financial Statements ## **Depreciation Schedule** ## **Wilderness Trust For the year ended 31 March 2022** |**NAME**|**COST**|**OPENING VALUE**|**PURCHASES**|**DISPOSALS**|**DEPRECIATION**|**CLOSING VALUE**| |---|---|---|---|---|---|---| |**Computer Equipment**||||||| |Epson Ecotank Printer|320|-|320|-|43|277| |HP COMPAQ ELITE COMPUTER|236|-|236|-|35|201| |**Total Computer Equipment**|**556**|**-**|**556**|**-**|**78**|**478**| |**Leasehold Improvements**||||||| |Leasehold Property improvements
21/22|31,419|-|31,419|-|6,284|25,135| |**Total Leasehold Improvements**|**31,419**|**-**|**31,419**|**-**|**6,284**|**25,135**| |**Office Equipment**||||||| |40X CHAIRS|1,200|-|1,200|-|180|1,020| |4X (6X2) WOODEN TRESSLE TABLES|450|-|450|-|75|375| |ANTIQUE APOTHECARY DRAWERS|1,481|-|1,481|-|247|1,234| |Beecosystem - 297425305|2,338|-|2,338|-|390|1,949| |FALCON G2151OT 6 BURNER RANGE|1,076|-|1,076|-|197|879| |Stainless Kitchen units|1,686|-|1,686|-|337|1,349| |UPRIGHT DISPLAY FREEZER|722|-|722|-|108|614| |**Total Office Equipment**|**8,953**|**-**|**8,953**|**-**|**1,534**|**7,419**| |**Total**|**40,928**|**-**|**40,928**|**-**|**7,896**|**33,032**| Wilderness Trust Page 12 of 13 Unaudited Financial Statements ## **Grants Transactions** ## **Wilderness Trust For the period 1 April 2021 to 31 March 2022** |**DATE**|**DESCRIPTION**|**CREDIT**| |---|---|---| |**Grants**||| |16 Apr 2021|Community Foundation Wales - Dulverton Trust|10,000| |28 May 2021|Postcode Community Trusr - Hanging Gardens Main Hall Floor|20,000| |7 Jun 2021|Nineveh Trust - Hanging garden Bees and Misc|5,000| |21 Jun 2021|WCVA - Volunteering Wales community fund 40%|8,910| |30 Jul 2021|WCVA - Kick Start Scheme - Jake|1,500| |8 Oct 2021|WCVA - Kick start Scheme|1,433| |28 Oct 2021|Foyle Foundation - Hanging Gardens Website|5,000| |3 Nov 2021|Ashley Family Foundation - Hanging Gardens|1,500| |6 Nov 2021|WCVA - Kick start Scheme re Sammy|1,500| |27 Nov 2021|WCVA - Kick start Scheme|1,500| |24 Dec 2021|Powys Voluntary Service - Winter Pressure Fund|2,760| |8 Jan 2022|WCVA - Kick start Scheme|2,441| |22 Jan 2022|WCVA - Community Fund 40%|8,910| |22 Jan 2022|WCVA - Kick start Scheme|1,882| |12 Feb 2022|WCVA - Kick start Scheme|2,893| |12 Mar 2022|WCVA - Kick start Scheme|941| |19 Mar 2022|WCVA - Kick start Scheme|1,011| |26 Mar 2022|WCVA - Kick start Scheme|941| |29 Mar 2022|D Oyly Carte Charity - Out of Eden Project|3,500| |30 Mar 2022|Powys Voluntary Service - Winter Pressure Fund|2,500| |31 Mar 2022|BEING CORRECTION TO WCVA INCOME - BEING CORRECTION TO WCVA INCOME|10,000| |31 Mar 2022|Transfer of grant income spent on fixed assets - Transfer of grant income spent on fixed assets - LH Prop|-| |31 Mar 2022|Transfer of grant income spent on fixed assets - Transfer of grant income spent on fixed assets - equipment|-| |31 Mar 2022|Transfer of grant income spent on fixed assets - Transfer of grant income spent on fixed assets - Computer|-| |31 Mar 2022|Transfer of grant income spent on fixed assets - Transfer of grant income spent on fixed assets - LH Prop|-| |31 Mar 2022|Transfer of grant income spent on fixed assets - Transfer of grant income spent on fixed assets - LH Prop|-| |31 Mar 2022|Transfer of grant income spent on fixed assets - Transfer of grant income spent on fixed assets - equipment|-| |31 Mar 2022|Transfer of grant income spent on fixed assets - Transfer of grant income spent on fixed assets - LH Prop|-| |31 Mar 2022|Transfer of grant income spent on fixed assets - Transfer of grant income spent on fixed assets - equipment|-| |**Total Grants**||**94,122**| |**Total**||**94,122**| Wilderness Trust Page 13 of 13 Unaudited Financial Statements ## Independent Examiners Report ## Wilderness Trust For the year ended 31 March 2022 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2022. Responsibilities and basis of report As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: ## • • • the accounting records were not kept in accordance with section 130 of the Act; or the accounts do not accord with the accounting records; or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signature......................................... Peter Geary Management Limited (ICAEW) 31 Church Street Bishops Castle SHROPSHIRE SY9 5AD 07 October 2022