2021-03-31-accounts

Trustees		JW Green
		G M Couldrake
		D C Watson
		JJ Richardson
		P M Padley
		JCharlton-Jones
		AWoolf
		C Hardie
Secretary		HP Secretarial Services Limited
Charity number		1050157
Company	number	03114783
Registered	office	The Visitor Centre
		Stanwick Lakes
		Stanwick
		Wellingborough
		Northamptonshire
		United Kingdom
		NN9 6GY
Auditor		Azets Audit Services
		Ruthlyn House
		90 Lincoln Road
		Peterborough
		United Kingdom
		PE1 2SP
Bankers		National Westminster	PLC
		9Market Place
		Oundle
		Peterborough
		United Kingdom
		PE8 4BB
Solicitors		Howes Percival LLP
		Oxford House
		Cliftonville
		Northampton
		United Kingdom
		NN1 5PN

				Page
Trustees'	report			1-3
Statement	of	trustees'	responsibilities
Independent		auditor's	report	5-7
Statement	of	financial	activities	8-9
Consolidated		balance	sheet	8-9
Company	balance sheet			to- tt
Statement	of	cash flows		14
Notes to	the	accounts		15-33

						Unrestricted	Designated	Restricted	Total	Total
						funds	funds	funds
						general
						2021	2021	2021	2021	2020
					Notes	6		8	6	6
m n
Generated funds						117,629		221,350	338,979	307,150
Charitable activities								34,722	34,722	48,758
Commercial trading		operations		in
trading subsidiary						579,662			579,662	817,680
Investments						540			540	1,445
Other income						12,932			12,932	3,756
Total income						710,763		256,072	966,835	1,178,789
~E* dit
Commercial trading		operations		in
trading subsidiary					8	517,797			517,797	758,413
Charitable activities					9	94,415	2,712	177,434	274,561	380,598
Net interest on defined benefit
pension scheme						1,000			1,000	2,000
Other					12			2,551	2,551
Total resources	expended					613,212	2,712	179,985	795,909	1,141,011
Net incoming resources			before
transfers						97,551	(2,712)	76,087	170,926	37,778
Gross transfers	between		funds			39,018	(25,480)	(13,538)
Net income for	the yea rl
Net incoming resources						136,569	(28,192)	62,549	170,926	37,778
Other recognised		gains	and	losses
Actuarial (loss)/gain		on defined
benefit pension schemes						(57,000)			(57,000)	87,000
Net movement	in funds					79,569	(28,192)	62,549	113,926	124,778
Fund balances at 1 April			2020			166,984	217,412	2,484,437	2,868,833	2,744,055
Fund balances	at	31March 2021				246,553	189,220	2,546,986	2,982,759	2,868,833

Prior financial	year				Unrestricted	Designated	Restricted	Total
					funds	funds	funds
					general
					2020	2020	2020	2020
				Notes	5	6	6
Income and endowments		from
Generated funds					1,725		305,425	307,150
Charitable activities							48,758	48,758
Commercial trading operations			in trading
subsidiary					817,680			817,680
Investments					1,445			1,445
Other income					3,756			3,756
Total income					824,606		354,183	1,178,789
su d~xtt
Costs of raising	funds			8	758,413			758,413
Charitable activities				9	103,524	5,061	272,013	380,598
Net interest on	defined benefit		pension scheme		2,000			2,000
Total resources expended					863,937	5,061	272,013	1,141,011
Net incoming	resources	before transfers			(39,331)	(5,061)	82,170	37,778
Gross transfers	between	funds				1,426	(1,426)
Net income for the year/
Net incoming	resources				(39,331)	(3,635)	80,744	37,778
Other recognised gains		and	losses
Actuarial (loss)/gain on defined			benefit pension
schemes					87,000			87,000
Net movement	in funds				47,669	(3,635)	80,744	124,778
Fund balances	at 1 April	2019			119,315	221,047	2,403,693	2,744,055
Fund balances	at 31 March 2020				166,984	217,412	2,484,437	2,868,833

					2021		2020
				Notes	6		6
Fixed assets
Tangible assets				16		2,446,370		2,510,673
Current assets
Stocks				18	5,141		12,066
Debtors				19	61,653		25,466
Cash at bank and	in	hand			637,948		428,564
					704,742		466,096
Creditors: amounts		falling due within		20
one year					(78,353)		(86,294)
Net current assets						626,389		379,802
Total assets less	current liabilities					3,072,759		2,890,475
Creditors: amounts		falling due after		21
more than one year								(3,642)
Defined benefit pension			liability	27		(90,000)		(18,000)
Net assets						2,982,759		2,868,833
Income funds
Restricted funds				24		2,546,986		2,484,437
llQE8ttiih~fun
Designated funds				23	189,220		217,412
General unrestricted		funds			246,553		166,984
						435,773		384,396
						2,982,759		2,868,833

					2021		2020
				Notes	6		6
Fixed assets
Tangible assets				16		2,446,370		2,510,673
Investments				17		1		1
						2,446,371		2,510,674
Current assets
Debtors				19	189,535		139,674
Cash at bank and in		hand			462,338		274,319
					651,873		413,993
Creditors:	amounts	falling due within		20
one year					(25,485)		(34,192)
Net current	assets					626,388		379,801
Total assets less current liabilities						3,072,759		2,890,475
Creditors:	amounts	falling due after		21
more than	one year							(3,642)
Defined benefit pension			liability	27		(90,000)		(18,000)
Net assets						2,982,759		2,868,833
Income funds
Restricted	funds			24		2,546,986		2,484,437
~U
Designated	funds			23	189,220		217,412
General unrestricted		funds			246,553		166,984
						435,773		384,396
						2,982,759		2,868,833

				2021		2020
			Notes	6
Cash flows from operating		activities
Cash generated from operations			30		282,161		121,286
Investing	activities
Purchase	oftangible fixed assets			(61,394)		(271,231)
Interest received				540		1,445
Net cash	used in investing	activities			(60,854)		(269,786)
Financing	activities
Payment	ofobligations under finance
leases				(11,923)		(11,923)
Net cash	used in financing	activities			(11,923)		(11,923)
Net increase/(decrease) in		cash and cash
equivalents					209,384		(160,423)
Cash and	cash equivalents	at beginning	ofyear		428,564		588,987
Cash and	cash equivalents	at end ofyear			637,948		428,564

						Unrestricted	Restricted	Total	Total
						funds	funds	2021	2020
	Donations	and gifts							1,725
	Grants receivable for			core activities		117,629	221,350	338,979	305,425
						117,629	221,350	338,979	307,150
	For the year ended			31March 2020		1,725	305,425		307,150
4	Commercial		trading	operations	in trading subsidiary
								2021	2020
								8	F
	RF Trust Enterprises			Limited				579,662	817,680
5	Charitable		activities
								2021	2020
								6	8
	Performance		related	grants				34,722	48,758
	Settlers							34,722	48,758
								34,722	48,758

6	Investments
						2021	2020
							8
	Interest receivable					540	1,445
7	Other income
						2021	2020
						8	6
	Other income					12,932	3,756
8	Costs ofraising funds
						2021	2020
						f.
	Commercial	trading	operations	in trading	subsidiary	517,797	758,413

				2021	2020
				F	5
Staff costs				83,819	95,003
Depreciation	and impairment			123,146	105,501
Project costs, equipment			and materials	16,161	9,296
Printing and	stationary			363	1,386
Telephone and postage				774	794
Travel and subsistence				841	776
Fundraising	and publicity			606	518
Event costs	and venue hire				1,825
Premises				29,409	132,029
Training				2,710	5,010
Consultancy					9,370
Subscriptions				250	587
Sundries				46	5,828
				258,125	367,923
Share ofgovernance		costs (see note 11)		16,436	12,675
				274,561	380,598
Analysis by	fund
Unrestricted	funds - general			94,415	103,524
Unrestricted	funds - designated			2,712	5,061
Restricted funds				177,434	272,013
				274,561	380,598

		2021	2020
		6	6
Audit fees		9,858	9,250
Legal and	professional	6,578	3,425
		16,436	12,675
Analysed	between
Charitable	activities	16,436	12,675

							Restricted	Total	Total
							funds
									6
							2021	2021	2020
Net	loss	on	disposal	oftangible	fixed	assets	2,551	2,551
							2,551	2,551

The analysis ofauditor'	s re	mun	eration is as follows;
				2021	2020
				6	6
Audit ofthe company's	annual		accounts	7,033	6,500
Other services to the	group
-the audit ofthe company's		subsidiaries		2,825	2,750
Total audit fees				9,858	9,250

Number ofemployee	Number ofemployee	s
The average monthly		number	ofemployees	during the year was:
					2021	2020
					Number	Number
Stat employed					26	35
Employment	costs				2021	2020
					E	f
Wages and salaries					362,057	413,935
Social security	costs				14,186	17,242
Other pension	costs				9,049	19,592
					385,292	450,769

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Fixed asset	investments
The Charity		Notes	2021f	2020 f.
Investments	in subsidiaries

18	Stocks
						The Group		The Charity
					2021	2020	2021	2020
					f	6	6	f.
	Raw materials		and consumables		5,141	12,066
19	Debtors
						The Group		The Charity
					2021	2020	2021	2020
	Amounts	falling due within		one year:	6	6	6	6
	Trade debtors				1,318	9,891
	Amounts	due	from subsidiary	undertakings			171,574	118,319
	Other debtors				8,796		4,761	9,906
	Prepayments		and accrued income		51,539	15,575	13,200	11,449
					61,653	25,466	189,535	139,674

20	Creditors	:	am	ounts	falling due within one year
							The Group		The Charity
						2021	2020	2021	2020
					Notes		6	6	6
	Obligations		under finance leases			3,642	11,923	3,642	11,923
	Other taxation			and social security		7,341	6,700	7,341	6,622
	Deferred	income			22	31,537	24,307
	Trade creditors					25,406	21,162	6,976	5,325
	Other creditors						2,892		2,892
	Accru ala					10,427	19,310	7,526	7,430
						78,353	86,294	25,485	34,192
21	Creditors:		amounts		falling due after more than	one year
							The Group		The Charity
						2021	2020	2021	2020
						5	5	5	5
	Obligations		under finance
	leases						3,642		3,642
22	Deferred		income
							The Group		The Charity
						2021	2020	2021	2020
						6	6	6	F
	Other deferred			income		31,537	24,307
						31,537	24,307

			The	Group		The	Charity
		2021 f		2020 6	2021 6		2020 6
Current	liabilities	31,537		24,307
		31,537		24,307

			Movement in funds	Movement in funds
		Balance at 1	Incoming	Resources	Transfers	Balance at 31
		Apdil 2020	resources	expended		March 202'I
		5	5	F.	6
Stanwick development		2,482,137		(122,986)	75,868	2,435,019
Awards for All		2,300			(2,300)
Capital contributions			106,000		(37,094)	68,906
Communities facilities funding			3,000	(3,000)
HLF Natureworks			64,200	(19,499)	(1,640)	43,061
Settlers			34,722	(34,500)	(222)
Flood prevention			150		(150)
HLF emergency	funding		48,000		(48,000)
		2,484,437	256,072	(179,985)	(13,538)	2,546,986

25	Analysis	of net assets	between funds	between funds
					Unrestricted		Designated	Restricted	Total
						6	6	6	6
	Fund balances at 31 March 2021 are
	represented by:
	Tangible	assets					7,220	2,439,150	2,446,370
	Current	assets/(liabilities)				336,553	182,000	107,836	626,389
	Defined	benefit pension	liability			(90,000)			(90,000)
					246,553		189,220	2,546,986	2,982,759
26	Capital	commitments						2021	2020
								6	6
	At 31 March 2021 the charity had capital commitments					as follows:
	Contracted for but not provided			in the financial	statements:
	Acquisition of property,		plant and equipment						8,180

Key assu	mption	s
					2021	2020
					0/	0/
Discount	rate				2	2.3
Expected	rate	of	increase ofpensions	in payment	2.85	1.9
Expected	rate	of	salary increases		3.35	2.4

Retirement benefit	sc	emes											(Continued)
Mortality assumptions
The assumed life expectations			on retirement				at age 65 are:
												2021	2020
												Years	Years
Retiring today
- Males												21.7	21.5
- Females												22.8	23.7
Retiring in 20 years
- Males												24.1	22.3
-Females												25.8	25.1
Amounts recognised	in	the profit		and loss		account:
												2021	2020
												6	6
Current service cost												25,000	33,000
Net interest on defined		benefit liability/(asset)											2,000
Total costs												25,000	35,000
Amounts taken to other		recognised			gains and losses
												2021	2020
													6
Actual return on scheme assets												(202,000)	64,000
Less: calculated interest		element										18,000	20,000
Return on scheme assets excluding					interest		income					(184,000)	84,000
Actuarial changes related to obligations												241,000	(171,000)
Total costs/(income)												57,000	(87,000)
The amounts included		in the		balance		sheet		arising	from	the	charity's
obligations in respect	ofdefined			benefit plans			are as follows:
												2021	2020
													8
Present value ofdefined		benefit		obligations								1,058,000	794,000
Fair value of plan assets												(968,000)	(776,000)
Deficit in scheme												90,000	18,000

Retirement benefit schemes						(Continued)
Movements in the present value	ofdefined	benefit	obligations:
						2021
Liabilities at 1 April 2020						794,000
Current service cost						25,000
Benefits paid						(25,000)
Contributions from scheme members						5,000
Actuarial gains and losses						241,000
Interest cost						18,000
At 31 March 2021						1,058,000
The defined benefit obligations arise from plans which are wholly				unfunded.
Movements in the fair value of plan assets;
						2021
Fair value ofassets at 1 April 2020						776,000
Interest income						18,000
Return on plan assets (excluding	amounts	included	in net interest)			184,000
Benefits paid						(25,000)
Contributions by the employer						10,000
Contributions by scheme members						5,000
At 31 March 2021						968,000
The fair value of plan assets at the reporting		period	end was as follows:
					2021	2020
					6	6
Equity instruments					648,560	504,400
Debt instruments					183,920	147,440
Property					116,160	108,640
Cash					19,360	15,520
					968,000	776,000

								2021	2020
								8	6
	Within one year							1,022	2,288
	Between two and five years								1,022
								1,022	3,310
30	Cash generated from operations							2021	2020
								6
	Surplus for the year							170,926	37,778
	Adjustments for:
	Investment income recognised		in statement		offinancial	activities		(540)	(1,445)
	Loss on disposal oftangible	fixed assets						2,551
	Depreciation and impairment	oftangible		fixed assets				123,146	105,501
	Difference between pension	charge and		cash contributions				15,000	1,000
	Movements in working capital:
	Decrease in stocks							6,925	6,575
	(Increase)/decrease in debtors							(36,187)	53,279
	(Decrease) in creditors							(6,890)	(63,282)
	Increase/(decrease) in deferred		income					7,230	(18,120)
	Cash generated from operations							282,161	121,286
31	Analysis ofchanges in net	funds
							At 1 April 2020	Cash flowaAt $1 March 2021
							6	6	6
	Cash at bank and in hand						428,564	209,384	637,948
	Obligations under finance leases						(15,565)	11,923	(3,642)
							412,999	221,307	634,306