2021-03-31-accounts - Ombersley Conservation Trust

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Contents ofthe Financial Statements
forthe Year Ended 31stMarch 2021
		Page
Report ofthe Trustees	1	to	5
Report ofthe Independent Auditom	6	to	7
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement		10
Notes tothe Cash Flow Statement
Notes tothe Financial Statements	12	to	22

	fort	he Year Ended 31stMarch	2021
			2021	2020
			Unrestricted	Total
			fund	funds
		Notes	6
INCOME AND ENDOWMENTS FROM
Donations and legacies				40,494
Charitable activities
Maintenance ofprogramme	related investments		486,652	619,162
Other trading activities			3,208	2,640
Investment income			1,307	12,594
Total			491,167	674,890
EXPENDITURE ON
Raising funds			82,600	95,035
Charitable acbviTies
Grants to charitable inslitutions			70,297	37,938
Maintenance ofprogramme	related investments		264,374	268,489
Total			417,271	401,462
NET INCOME			73,896	273,428
RECONCILIATION OF FUNDS
Total funds brought forward			20,918,675	20,645,247
TOTAL FUNDS CARRIED	FORWARD		20,992,571	20,918,675

			2020
			Total
			funds
			9
CREGfTORS
Amounts fslting due within one year
		29,999,f79	20,922,520
CREGtTORS
Amounts faSng due sflsr more than one yssr	19
NETASSETS
FVNtM
Unrssbloted funds
TOTALFVNDS

	f	orthe Year Ended	31stMarch 2021
			2021	2020
		Notes		6
Cash flows from operafing activities Cash generated from operations			110,778	199,282
Net cash provided by operating activities			110,778	199,282
Cash flows from investing activities Purchase ofsocial investments			(491,990)	(313,237)
Internet received			1,307	12,594
Net cash used in investing activities			(490,683)	(300,643)
Cash flows from financing acgvities Loan repayments in year			(342)	(325)
Net cash used in financing activities			(342)	(325)
Change in cash and cash equivalents the reporting period	in		(380,247)	(101,686)
Cash and cash equivalents atthe beginning ofthe reporbng period			2,054,632	2,156,318
Cash and cash equivalents atthe end the reporbng period	of		1,674,385	2,054,632

			Notes tothe Cash Flow Statem for the Year Ended 31stMarch	Notes tothe Cash Flow Statem for the Year Ended 31stMarch	Notes tothe Cash Flow Statem for the Year Ended 31stMarch	Notes tothe Cash Flow Statem for the Year Ended 31stMarch	ent 2021	ent 2021
	RECONCILIATION		OF NET INCOME TO NET CASH FLOW FROM				OPERATING		ACTIVITIES
									2021f	2020
	Net income	forthe	reporting		period (as per the	Statement ofFinancial
	Activities)								73,896	273,428
	Adjustments	for.
	Interest received								(1,307)	(12,594)
	Decrease in debtors								33,570	24,699
	Increase/(decrease)		in creditors						4,619	(86,251)
	Net cash provided		by operations						110,778	199,282
2.	ANALYSIS OF CHANGES			IN	NET FUNDS
									Other
									non-cash
						At 1.4.20 f	Cash	flow f.	changesf	At31.3.21 f
	Net cash
	Cash at bank					2,054,632	(380,247)			1,674,385
						2,054,632	(380,247)			1,674,385
	Debt
	Debts falling	due
	within 1 year					(299)			(296)	(251)
	Debts falling	due
	after 1 year					(3,895)			296	(3,599)
						(4,194)				(3,850)
	Total					2,050838	(379,903)			1,670,535

					forthe Year Ended 31stMarc	h 2021
3.	DONATIONS AND LEGACIES
						2021	2020
							2
	Donations from subsidiary						40,494
4.	OTHER TRADING ACTIVITIES
						2021f	2020 E
	Wayleaves 8 waterline	easement				3,039	2,598
	Otherincome					44	42
	Dilapidation rdaims					125
						3,208	2,540
5.	INVESTMENT INCOME
						2021	2020
	Bank interest received					1,307	12,594
6.	INCOME FROM CHARITABLE			ACTIVITIES
						2021	2020
						6
	Rents received					468,426	550,896
	Insurance claims and contributions						27,520
	Income from woodlands					6,266	16,593
	Insurance recharged					11,960	14,153
						466,652	619,162
	RAISING FUNDS
	INVESTMENT MANAGEMENT			COSTS
						2021	2020
						6
	Professional management		fees			70,919	75,777
	Professional letting fees	&	associated		costs	2,904	8,238
	Professional admin fees					1,406	1,480
	Woodland &tree safety	management			fees	7,371	9,540
						82,600	95,035

							Grant
							funding	of
						Direct	activities		Support
						Costs (see	(see note		costs (see
						note 9) 6	10) 2		note 11) 2	Totals 6
Grants to chadtable			institutions				70,297			70,297
Maintenance		cfprogramme			related
investments						235,707			28,667	264,374
						235,707	70,297		28,667	334,671
DIRECTCOSTSOF CHARITABLE ACTIVITIES
									2021	2020
										2
Rates, water,		light &heat							7,387	5,165
Insurance									38,270	39,296
Pniperty repairs									187,263	152,890
Woodland	expenses								2,787	10,633
									235,707	208,184
GRANTS PAYABLE
									2021	2020
									5	6
Grants to charitable			institutions						70,297	37,938
The total grants paid			to	institutions		during the year was as follows:
									2021	2020
									2	6
Ombersley	&Doverdale			Parish Coundl					21,500	14,000
Ombersley	&Doverdale			Tennis Club						6,000
Ombersley	Cricket Club								8,797	8,700
Ombersley	Spire &Church				Appeal				40,000
StRichard's		Hospice								5,000
University	of	Worcester								3,000
Grants under		22,000each								1,238
									70,297	37,936

SUPPORT C	O	STS
								Governance
							Finance	costs	Totals
							9	6	9
Maintenance	ofprogramme			related
investments							18,344	10,323	28,667
Support costs,		included	in the above,		are as follows:
								2021	2020
								Maintenance
								of
								programme
								related	Total
								investments f	activities
AMC mortgage		interest						47	82
Bank charges								450	562
Legal and professional			fees					17,847	50,305
Auditom' remuneration								8.305	6,890
Auditom' remuneration			for non audit		work			2,018	2,466
								28,657	60,305
AUDITORS'	REMUNERATION
								2021f	2020
Fees payable	to the charity's			auditom	forthe audit ofthe charity's	financial
statements								8,306	6,690
Other non-audit		services						2,018	2,466

HERITAGE ASSETS
	Total
	5
MARKET VALUE
At 1stApril 2020 and 31st March 2021	10,000
NET BOOKVALUE
At 31stMarch 2021	10,000
At 31stMarch 2020	10,000

FIVE-YEAR SUMMARY O	FTRANSACTIONS
	2021	2020 F	2019	2018f	2017f
Cost at start ofyear	10,000	10,000	10,000	10,000	10,000
Additions in the year
Cost atthe year end	10,000	10,000	10,000	10,000	10,000
PROGRAMME RELATED	INVESTMENTS
					Programme
					related
					investment
					5
MARKET VALUE
At 1stApril 2020					18,868,297
Additions					491,990
At 31stMarch 2021					19,360,287
NET BOOKVALUE
At 31stMarch 2021					19,360,287
At 31stMarch 2020					18,868,297

			Notes tothe Financial Statements -continue forthe Year Ended 31stMarch 2021	Notes tothe Financial Statements -continue forthe Year Ended 31stMarch 2021	d
17.	DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
					2021	2020
					E	E
	Rent debtors				34,577	55,584
	Prepayments				16,824	29,389
					51,401	84,973
18.	CREDITORS.'AMOUNTS			FALLING DUE WITHIN ONE YEAR
					2021	2020
					E	E
	Other loans (see note 20)				251	299
	Trade creditors				25,882	7,702
	VAT				450	5,353
	Rent received	in advance			53,053	64,512
	Accrued expenses				20,467	17,466
					99,903	95,332

	2021	2020
	E	E
Other loans (see note 20)	3.599	3,895
LOANS

			2021	2020
			E	E
Amounts	falling	due within one year	251	299
Amounts	falling	between one and five years	1,115	1,070
Amounts	falling	due in more than five years	2,484	2,825
			3,850	4,194

	2021	2020
Within one year	292,519	288,734
Between one and five years	834,825	847,200
In more than five years	1,362,300	1,561,725
		2,697,659

The financial activity ofOmb	ersley Trading Company Limited for the	year was as foficws:
		2021	2020
		6
Income			91,893
Expenditure			(51,059)
Net profit			40,834
Gift aid distribution			(40,834)
Opening reserves (excluding	share capital)
Closing reserves (exduding	share capital)

						Effect of
						changein
					As originally	accounting
					stated	policy	As restated
					6	6
INCOME AND ENDOWMENTS FROM
Donations and legacies					40,494		40,494
Charitable activities					619,162		619,162
Other trading activities					2,640		2,640
Investment income					12,594		12,594
					674,890		674,890
EXPENDITURE ON
Raising funds					95,035		95,035
Grants to charitable	activities				37,938		37,938
Maintenance on programme		related	investments		268,489		268,489
					401,462		401,462
Net gains/(losses)	on investments				(96,590)	96,590
NET INCOME					176,838	96,590	273,428
RECONCILIAllON	OF FUNDS
Total funds brought	forward				23,475,738	(2,830,491)	20,645,247
TOTAL FUNDS CARRIED FORWARD					23,652,576	(2,733,901)	20,918,675
Balance Sheet as	at31stIgarch 2020
						Effectof
						changein
					As originally	accounting
					stated 8	policyf	As restated 6
FIXEDASSETS
				Page 20			continued. ..

RESTATEMENT OF COMPARATIVES - continued
Heritage assets	10,000		10,000
Programme related investments	21,602,198	(2,733,901)	18,868,297
	21,612,198	(2,733,901)	18,878,297
CURRENT ASSETS
Debtors	84,973		84,973
Cash at bank	2,054,632		2,054,632
	2,139,605		2,139,605
CREDITORS
Amounts falling due within one year	(95,332)		(95,332)
NET CURRENT ASSETS	2,044,273		2,044,273
TOTAL ASSETS LESSCURRENT LIABILlllES	23,656,471	(2,733,901)	20,922,570
CREDITORS
Amounts falling due after more than one year	(3,895)		(3,895)
NET ASSETS	23,652,576	(2,733,901)	20,918,675
FUNDS
Unrestricted funds	23,652,576	(2,733,901)	20,918,675
	23,652,576	(2,733,901)	20,918,675

forthe Year Ended 3 RESTATEMENT OF COMPARAllVES -continued	1stMarch 2021
		Effectof
		changein
	As originally	accounting
	stated	policy	As restated
		2	2
FIXEDASSETS
Heritage assets	10,000		10,000
Programme related investments	21,385,551	(2,830,491 )	18,555,060
CURRENT ASSETS	21,395,551	(2,830,491)	18,565,060
Debtors Cash at bank	109,673 2,156,318		109,673 2,156,318
CREDITORS	2,265,991		2,265,991
Amounts falling due within one year	(181,541)		(181,541)
NET CURRENT ASSETS	2,084,450		2,084,450
TOTAL ASSETS LESSCURRENT LIABILITIES	23,480,001	(2,830,491)	20,649,510
CREDITORS
Amounts falling due affer more than one year	(4,263)		(4,263)
NET ASSETS	23,475,738	(2,830,491)	20,645,247
FUNDS
Unrestricted funds	23,475,738	(2,830,491)	20,645,247
	23,475,738	(2,830,491)	20,645,247