CHARITY REGISTRATION NUMBER: 1041842
The Sinfield Nature Conservation Trust Unaudited financial statements
For the year ended
31 March 2022
The Sinfield Nature Conservation Trust
Financial statements
Year ended 31 March 2022
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 |
The Sinfield Nature Conservation Trust
Trustees' annual report
Year ended 31 March 2022
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2022.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
Reference and administrative details
The Sinfield Nature Conservation Trust
Registered charity name Charity registration number 1041842 Principal office Alde House Glemham Road Sweffling Saxmundham IP17 2BQ
The trustees
The trustees who served during the year and at the date of approval were as follows:
Mrs A S Daniel Miss C Daniel Mrs C Weatherby Mrs M Boyle (appointed 24 March 2022) Independent examiner Mr M C Waters FCCA Lovewell Blake LLP Chartered accountants The Wherry Quay Street Halesworth Suffolk IP19 8ET Bankers Barclays 24 High Street Saxmundham Suffolk IP17 1AE Lloyds 15 Blackheath Village Blackheath London SE3 9LH
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The Sinfield Nature Conservation Trust
Trustees' annual report (continued)
Year ended 31 March 2022
Objectives and activities
The charity's objectives are to advance the conservation of wildlife and wild places for public benefit. The policies adopted in furtherance of these objects are to manage its property in order to meet its objectives and there has been no change in these during the year.
The area of benefit is the county of Suffolk and Norfolk.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
This year the contribution from volunteers was a major support for the nature trail maintenance. Various forest school activities took place and the Trust hosted family events in outdoor spaces using traditional crafts and materials from the site. Some workshops were based in the converted old cattle shed which also provided a covered working area for conservation staff and volunteers.
The trading arm of the charity, Secret Meadows Ltd, which donated a significant sum this year, continued its award winning success by winning the East of England Tourism Award in the category for camping, glamping, holiday park and self catering accommodation of the year. Secret Meadows also retains the Green Tourism Gold Award.
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The Sinfield Nature Conservation Trust
Trustees' annual report (continued)
Year ended 31 March 2022
Financial review
During the year the Trust had net income of £135,571 (2021: net expenditure £46,561). At the year end, the Trust held unrestricted funds of £545,642 (2021: £410,071) and restricted funds of £Nil (2021: £Nil).
Reserves policy
At 31 March 2022 the Trust had £69,197 free reserves which exceeded the previous years target. The unrestricted fund current assets exceeded current liabilities by £69,197 (2021: current liabilities exceeded current assets by £41,229).
The Trust had previously set a target level of reserves of £10,000 to be met by the end of 5 years which has now been surpassed. It should be noted that the Business Interruption Claim against NFU Mutual for lockdown closure of Secret Meadows Limited during 2019 and early 2020 has become part of a group claim and remains in progress.
It was discussed and agreed that Secret Meadows Limited should continue to set aside 4% of 2022 season bookings income in a contingency fund as 2% to cover self-insurance in case of future lockdowns and 2% for repair and maintenance of Sinfield Trust glamping assets. As at 31 March 2022 the contingency fund had a balance of £8,321 after having only used a small amount to replace infrastructure during the year.
It was agreed that the Trust will continue to try and achieve 100% grant funding, probably from more than one source, for the rescue and renovation of the collapsing cart shed adjacent to the main barn to create a year round holiday let which could achieve an annual profit of £22,239. This project would include charity and community use for a set number of weeks per year covering just our base costs. We already have staff who can handle the additional booking administration and cleaning.
Plans for the future
The trustees will continue to assess the possibilities for renovation and use of traditional buildings at White House Farm to increase the income of Secret Meadows. The Trust has started working with an architect on the design in June 2022 so that an expression of interest application can be submitted to the Heritage Lottery Fund and includes both the main barn and cart shed.
Impact of Covid
During the year Secret Meadows bookings were above the average as holiday bookings which were postponed during lockdown periods were fulfilled. Secret Meadows continued to benefit from people holidaying in the UK because of difficulties with travel abroad and this allowed a substantial donation to be made to the Trust.
Structure, governance and management
Governing document
The charity was established by a charitable trust deed on 10 October 1994 and registered as a charity on 22 November 1994.
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The Sinfield Nature Conservation Trust
Trustees' annual report (continued)
Year ended 31 March 2022
Structure, governance and management (continued)
Trustee recruitment, induction and training
The Trust is administered by a board of trustees, of which there shall be at least three trustees, who have the power of appointing a new trustee or trustees based upon their personal or professional qualifications to make a contribution to the pursuit of the objectives or the management of the charity.
All trustees listed above held office throughout the year, unless otherwise stated.
On appointment to the board, trustees will be provided with copies of:
-
The Trust Deed and amendment thereto
-
Minutes of trustees' meetings
-
Charity Commission guidance notes The Essential Trustee "What you need to know, what you need to do"
The trustees meet regularly to discuss all governance matters concerning the trust. At these meetings the trustees consider and make decisions on all actions to be taken in accordance with the trusts objectives.
Risk assessment
The trustees have assessed the major risks to which the trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Related parties
On 26 March 2008 a wholly owned subsidiary, Secret Meadows Limited was incorporated. The company remained dormant until 1 April 2012 when it commenced in the non charitable trading activities of the trust.
True and fair override
The accounts (financial statements) have been prepared to give a "true and fair" view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a "true and fair" view. This departure has involved Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic or Ireland (FRS102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Independent examiner
Mr M C Waters FCCA of Lovewell Blake LLP is willing to be appointed as independent examiner for the ensuing year.
The trustees' annual report was approved on 30 January 2023 and signed on behalf of the board of trustees by:
Mrs A S Daniel Trustee
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The Sinfield Nature Conservation Trust
Independent examiner's report to the trustees of The Sinfield Nature Conservation Trust
Year ended 31 March 2022
I report to the charity trustees on my examination of the financial statements of the charity for the year ended 31 March 2022 which comprise the statement of financial activities, balance sheet and the related notes.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all 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 giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do 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.
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The Sinfield Nature Conservation Trust
Independent examiner's report to the trustees of The Sinfield Nature Conservation Trust (continued)
Year ended 31 March 2022
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Your attention is drawn to the fact that the Charity has prepared the accounts (financial statements) in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
Mr M C Waters FCCA Independent Examiner
Lovewell Blake LLP Chartered accountants The Wherry Quay Street Halesworth Suffolk IP19 8ET
30 January 2023
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The Sinfield Nature Conservation Trust
Statement of financial activities
Year ended 31 March 2022
| 2022 | 2022 | 2021 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 185,914 | 185,914 | 11,031 |
| Charitable activities | 5 | 26,858 | 26,858 | 27,486 |
| Investment income | 6 | 23,575 | 23,575 | 11,600 |
| ------------------------------- | ------------------------------- | -------------------------- | ||
| Total income | 236,347 | 236,347 | 50,117 | |
| =============================== | =============================== | ========================== | ||
| Expenditure | ||||
| Charitable activities | 7 | 100,776 | 100,776 | 96,678 |
| ------------------------------- | ------------------------------- | -------------------------- | ||
| Total expenditure | 100,776 | 100,776 | 96,678 | |
| =============================== | =============================== | ========================== | ||
| ------------------------------- | ------------------------------- | -------------------------- | ||
| Net income/(expenditure) and net movement in funds | 135,571 | 135,571 | (46,561) | |
| =============================== | =============================== | ========================== | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 410,071 | 410,071 | 456,632 | |
| ------------------------------- | ------------------------------- | ------------------------------- | ||
| Total funds carried forward | 545,642 | 545,642 | 410,071 | |
| =============================== | =============================== | =============================== |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 17 form part of these financial statements.
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The Sinfield Nature Conservation Trust
Balance sheet
31 March 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible fixed assets | 12 | 1,103,176 | 1,110,319 | ||
| Investments | 13 | 1 | 1 | ||
| --------------------------------------- | --------------------------------------- | ||||
| 1,103,177 | 1,110,320 | ||||
| Current assets | |||||
| Cattle | 14 | 12,350 | 10,450 | ||
| Debtors | 15 | 4,765 | 524 | ||
| Cash at bank and in hand | 96,370 | 60,174 | |||
| ------------------------------- | -------------------------- | ||||
| 113,485 | 71,148 | ||||
| Creditors: Amounts falling due within | |||||
| one year | 16 | 44,288 | 112,377 | ||
| ------------------------------- | ------------------------------- | ||||
| Net current assets | 69,197 | (41,229) | |||
| --------------------------------------- | --------------------------------------- | ||||
| Total assets less current liabilities | 1,172,374 | 1,069,091 | |||
| Creditors: Amounts falling due after | |||||
| more than one year | 17 | 626,732 | 659,020 | ||
| --------------------------------------- | --------------------------------------- | ||||
| Net assets | 545,642 | 410,071 | |||
| ======================================= | ======================================= | ||||
| Funds of the charity | |||||
| Unrestricted funds | 545,642 | 410,071 | |||
| ------------------------------- | ------------------------------- | ||||
| Total charity funds | 18 | 545,642 =============================== |
410,071 =============================== |
These financial statements were approved by the board of trustees and authorised for issue on 30 January 2023, and are signed on behalf of the board by:
Mrs A S Daniel Trustee
The notes on pages 9 to 17 form part of these financial statements.
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The Sinfield Nature Conservation Trust
Notes to the financial statements
Year ended 31 March 2022
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Alde House, Glemham Road, Sweffling, Saxmundham, IP17 2BQ.
2. Statement of compliance
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK UK Generally Accepted Accounting Practice.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charites (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis.
(b) Going concern
The accounts have been prepared on the going concern basis and the Trust believes that no material uncertainties exist. The trustees have considered the level of funds held and the expected income and expenditure for the next 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the Trust to be able to continue as a going concern.
The trustees have taken into account the effects of COVID-19 in making this assessment.
(c) Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal.
(d) Income
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
investment income is included when receivable.
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The Sinfield Nature Conservation Trust
Notes to the financial statements (continued)
Year ended 31 March 2022
3. Accounting policies (continued)
(e) Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apprortioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
(f) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(g) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 20% and 10% straight line Fixtures and fittings - 20% straight line
White House Farm is not depreciated as it comprises 115 acres of pasture, woodland, ponds and hedgerows and the trustees consider that any depreciation of the buildings would not be material.
(h) Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
(i) Cattle
The cattle herd is included at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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The Sinfield Nature Conservation Trust
Notes to the financial statements (continued)
Year ended 31 March 2022
3. Accounting policies (continued)
(j) Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
4. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Donations | |||||
| Donations and gifts | 185,525 | 185,525 | 10,141 | 10,141 | |
| Subscriptions | |||||
| Memberships | 389 | 389 | 890 | 890 | |
| ------------------------------- | ------------------------------- | -------------------------- | -------------------------- | ||
| 185,914 | 185,914 | 11,031 | 11,031 | ||
| =============================== | =============================== | ========================== | ========================== | ||
| 5. | Charitable activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Grants and farm subsidies | 22,388 | 22,388 | 23,574 | 23,574 | |
| Other income | 4,470 | 4,470 | 3,912 | 3,912 | |
| -------------------------- | -------------------------- | -------------------------- | -------------------------- | ||
| 26,858 | 26,858 | 27,486 | 27,486 | ||
| ========================== | ========================== | ========================== | ========================== | ||
| 6. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Rental income | 23,575 | 23,575 | 11,600 | 11,600 | |
| ========================== | ========================== | ========================== | ========================== |
Investment income includes rental income from Secret Meadows Limited £15,500 (2021: £6,500) and Woodland House £8,075 (2021: £5,100).
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The Sinfield Nature Conservation Trust
Notes to the financial statements (continued)
Year ended 31 March 2022
7. Expenditure on charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Cattle expenses | 6,250 | 6,250 | 7,711 | 7,711 | |
| Water rates | 2,166 | 2,166 | 1,852 | 1,852 | |
| Property costs | 4,075 | 4,075 | 5,392 | 5,392 | |
| Insurance | 7,697 | 7,697 | 6,824 | 6,824 | |
| Land management | 23,109 | 23,109 | 14,309 | 14,309 | |
| Equipment costs | 4,021 | 4,021 | 4,087 | 4,087 | |
| Governance costs | 2,025 | 2,025 | 2,025 | 2,025 | |
| Professional fees | 100 | 100 | 665 | 665 | |
| Office costs | 3,102 | 3,102 | 1,971 | 1,971 | |
| Depreciation | 31,384 | 31,384 | 31,439 | 31,439 | |
| Loan interest | 21,032 | 21,032 | 18,665 | 18,665 | |
| Bank charges | 212 | 212 | 109 | 109 | |
| Miscellaneous | 1,854 | 1,854 | 1,629 | 1,629 | |
| Profit/loss on disposal of assets | (6,251) | (6,251) | – | – | |
| ------------------------------- | ------------------------------- | -------------------------- | -------------------------- | ||
| 100,776 | 100,776 | 96,678 | 96,678 | ||
| =============================== | =============================== | ========================== | ========================== | ||
| Analysis of governance costs | |||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||
| Funds | funds | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| Independent examination fees | 2,025 | – | 2,025 | 2,025 | |
| ====================== | ============= | ====================== | ====================== | ||
| 8. | Net income/(expenditure) | ||||
| Net income/(expenditure) is stated after charging/(crediting): | |||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 31,384 | 31,438 | |||
| ========================== | ========================== | ||||
| 9. | Independent examination fees | ||||
| 2022 | 2021 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial statements | 2,025 ====================== |
2,025 ====================== |
10. Staff costs
During the year staff costs of £23,204 were incurred from Secret Meadows Limited in respect of land management. Secret Meadows Limited is a company in which the trustees Mrs Amanda Daniel and Miss Charlotte Daniel are directors.
11. Trustee remuneration and expenses
None of the trustees (or any persons connected with them) received any remuneration during the year.
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The Sinfield Nature Conservation Trust
Notes to the financial statements (continued)
Year ended 31 March 2022
12. Tangible fixed assets
| Freehold | Plant and | Fixtures and | ||
|---|---|---|---|---|
| property | machinery | fittings | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| At 1 April 2021 | 1,026,055 | 323,825 | 2,773 | 1,352,653 |
| Additions | 8,763 | 15,478 | – | 24,241 |
| --------------------------------------- | ------------------------------- | ---------------------- | --------------------------------------- | |
| At 31 March 2022 | 1,034,818 | 339,303 | 2,773 | 1,376,894 |
| ======================================= | =============================== | ====================== | ======================================= | |
| Depreciation | ||||
| At 1 April 2021 | – | 239,788 | 2,546 | 242,334 |
| Charge for the year | – | 31,157 | 227 | 31,384 |
| --------------------------------------- | ------------------------------- | ---------------------- | --------------------------------------- | |
| At 31 March 2022 | – | 270,945 | 2,773 | 273,718 |
| ======================================= | =============================== | ====================== | ======================================= | |
| Carrying amount | ||||
| At 31 March 2022 | 1,034,818 | 68,358 | – | 1,103,176 |
| ======================================= | =============================== | ====================== | ======================================= | |
| At 31 March 2021 | 1,026,055 | 84,037 | 227 | 1,110,319 |
| ======================================= | =============================== | ====================== | ======================================= |
13. Investments
| Other | |
|---|---|
| investments | |
| £ | |
| Cost or valuation | |
| At 1 April 2021 | 1 |
| Additions | – |
| ------------- | |
| At 31 March 2022 | 1 |
| ============= | |
| Impairment | |
| At 1 April 2021 and 31 March 2022 | – |
| ============= | |
| Carrying amount | |
| At 31 March 2022 | 1 |
| ============= | |
| At 31 March 2021 | 1 |
| ============= |
All investments shown above are held at valuation.
The charity holds the entire share capital of 1 ordinary share of £1 each in Secret Meadows Limited, a company incorporated in the United Kingdom. The principal activity of the company is running a glamping campsite. The results for the company for the year are:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Turnover | 395,477 | 131,426 |
| Profit for the year | 183,643 | 9,068 |
| Gifted to the charity | 183,643 | 9,068 |
| Net assets | 603 | 603 |
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The Sinfield Nature Conservation Trust
Notes to the financial statements (continued)
Year ended 31 March 2022
| 14. | Stocks | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Cattle | 12,350 | 10,450 | |
| ========================== | ========================== | ||
| 15. | Debtors | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Trade debtors | – | 524 | |
| Amounts owed by group undertakings | 4,765 | – | |
| ---------------------- | ------------- | ||
| 4,765 | 524 | ||
| ====================== | ============= | ||
| 16. | Creditors: Amounts falling due within one year | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Bank loans and overdrafts | 5,000 | 13,266 | |
| Trade creditors | 9,464 | 4,513 | |
| Amounts owed to group undertakings | – | 61,071 | |
| Accruals and deferred income | 2,025 | 3,825 | |
| Social security and other taxes | 299 | 2,202 | |
| Other creditors | 27,500 | 27,500 | |
| -------------------------- | ------------------------------- | ||
| 44,288 | 112,377 | ||
| ========================== | =============================== | ||
| 17. | Creditors: Amounts falling due after more than one year | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Bank loans and overdrafts | 626,732 | 659,020 | |
| =============================== | =============================== |
Included within creditors falling due after more than one year is an amount of £585,482 (2021: £589,715) in respect of liabilities which fall due for payment after more than five years from the balance sheet date and are secured on assets owned by the trust.
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The Sinfield Nature Conservation Trust
Notes to the financial statements (continued)
Year ended 31 March 2022
18. Analysis of charitable funds
Unrestricted funds
Year ended 31 March 2022
| Year ended 31 March 2022 | ||||
|---|---|---|---|---|
| At 1 April | At 31 | |||
| 2021 | Income | Expenditure | March 2022 | |
| £ | £ | £ | £ | |
| General funds | 410,071 | 236,347 | (100,776) | 545,642 |
| =============================== | =============================== | =============================== | =============================== | |
| Year ended 31 March 2021 | ||||
| At 1 April | At 31 | |||
| 2020 | Income | Expenditure | March 2021 | |
| £ | £ | £ | £ | |
| General funds | 456,632 | 50,117 | (96,678) | 410,071 |
| =============================== | ========================== | ========================== | =============================== | |
| Analysis of net assets between funds | ||||
| Unrestricted | Total Funds | |||
| Funds | 2022 | |||
| £ | £ | |||
| Tangible fixed assets | 1,103,176 | 1,103,176 | ||
| Investments | 1 | 1 | ||
| Current assets | 113,485 | 113,485 | ||
| Creditors less than 1 year | (44,288) | (44,288) | ||
| Creditors greater than 1 year | (626,732) | (626,732) | ||
| --------------------------------------- | --------------------------------------- | |||
| Net assets | 545,642 | 545,642 | ||
| ======================================= | ======================================= | |||
| Unrestricted | Total Funds | |||
| Funds | 2021 | |||
| £ | £ | |||
| Tangible fixed assets | 1,110,319 | 1,110,319 | ||
| Investments | 1 | 1 | ||
| Current assets | 71,148 | 71,148 | ||
| Creditors less than 1 year | (112,377) | (112,377) | ||
| Creditors greater than 1 year | (659,020) | (659,020) | ||
| --------------------------------------- | --------------------------------------- | |||
| Net assets | 410,071 | 410,071 | ||
| ======================================= | ======================================= |
19. Analysis of net assets between funds
- 15 -
The Sinfield Nature Conservation Trust
Notes to the financial statements (continued)
Year ended 31 March 2022
20. Related parties
During the year the following transactions were carried out with related parties:
Secret Meadows Limited is a company in which the trustees Mrs A Daniel and Miss C Daniel are directors. Included within the results for the year are the following transactions in relation to Secret Meadows Limited:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Rental income | 15,500 | 6,500 |
| Donations and gifts | 183,643 | 9,068 |
| Land management | (23,204) | (14,093) |
| ------------------------------- | -------------------------- | |
| 175,939 | 1,475 | |
| =============================== | ========================== |
Included within creditors is a balance of £Nil (2021: £61,071) which is owed to Secret Meadows Limited.
Included within debtors is a balance of £4,765 (2021: £Nil) which is owed from Secret Meadows Limited.
Miss C Daniel is a trustee of The Sinfield Nature Conservation Trust. Included within the results for the year is income received from Miss C Daniel:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Rental income | 8,075 | 5,100 |
| Water rates | 480 | 253 |
| ---------------------- | ---------------------- | |
| 8,555 | 5,353 | |
| ====================== | ====================== |
Included within creditors is a balance of £Nil (2021: £Nil) which is owed to Miss C Daniel.
Insight Rural Consultants Limited is a company in which the trustee Mrs A Daniel is a director. Included within the results for the year are the following transactions in relation to Insight Rural Consultants Limited:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| RPA management charges | 100 | 100 |
| Software subscriptions | 319 | – |
| ------------- | ------------- | |
| 419 | 100 | |
| ============= | ============= |
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The Sinfield Nature Conservation Trust
Notes to the financial statements (continued)
Year ended 31 March 2022
R N Creasy is a partnership in which the trustees Mrs A Daniel and Miss C Daniel are partners. Included within the results for the year are the following transactions which are expenses of the Trust that have been recharged from R N Creasy at cost:
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Office costs | – | 147 |
| ============= | ============= |
During the year memberships amounting to £21 were received from the Trustees.
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