| Year Ended | 31 March 2021 | ||
|---|---|---|---|
| Contents | Page | ||
| Chair's Overview and Achievements |
for the year | 4 | |
| Acknowledgements, External Links, Mission Statement |
6 | ||
| Reference and Administrative Details |
6 | ||
| Staff | 7 | ||
| Board | 7 | ||
| Structure, Governance |
and Management | 7 | |
| Reserves | 7 | ||
| Risk Management | 7 | ||
| Statement ofTrustees Responsibilities |
8 | ||
| Statement of Financial |
Activities | 9 | |
| Balance Sheet & Notes | 10 | ||
| Independent Examiner's |
Report | 18 |
| eference | and administrative det |
and administrative det |
ails | ails | |
|---|---|---|---|---|---|
| Company | limited by guarantee |
Company No. 3039299 |
|||
| Registered | Charity | Charity Registration No. |
1051680 | ||
| VAT registered | VAT No. 691317429 | ||||
| Registered | office | 331 Shooters Hill |
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| Welling | |||||
| Kent | |||||
| DA16 3RP | |||||
| tel: 02083198900 | |||||
| email: admin thewoodlandsfarmtrust |
or | ||||
| website: www thewoodlandsfarmtrust | or | ||||
| Bankers | HSBC (Bexleyheath) | The Co-operative Bank |
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| 83 High Street | 151 Lewisham High Street |
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| Sidcup | London | ||||
| DA14 6DN | SE136AA | ||||
| Independent | examiner | Inman 8 Co, Chartered | Accountants | ||
| 71-75 Uxbridge Road |
|||||
| London | |||||
| W5 5SL |
| Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| Notes | Funds f |
Funds f |
2021 | 2020 f |
|
| Incoming Resources |
|||||
| Incoming resources from generated |
funds: | ||||
| Voluntary Income Activities for generating funds Investment income |
41,650 148 44,661 |
41,650 148 44,661 |
14,698 30,500 40,973 |
||
| Incoming resources from charitable |
activities: | ||||
| Grants | 3,000 | 63,767 | 66,767 | 3,000 | |
| Farm & livestock sales | 14,153 | 14,153 | 37,994 | ||
| Agricultural payments received Fees received |
11,107 814 |
11,107 814 |
13,669 26,560 |
||
| Other income | 2,722 | 2,722 | 2,700 | ||
| Total incoming resources | 3,000 | 179,022 | 182,022 | 170,094 | |
| Resources Expended | |||||
| Costs ofgenerating funds |
1,774 | 1,774 | 7,318 | ||
| Charitable activities |
|||||
| Farming 8 Conservation Education |
9 9 |
5,200 - |
101,202 43,282 |
106,402 43,282 |
108,356 63,785 |
| Governance costs |
10 | 8,646 | 8,646 | 8,370 | |
| Total resources expended | 5,200 | 154,904 | 160,104 | 187,829 | |
| Net incoming (outgoing) resources |
(2,200) | 24,118 | 21,918 | (17,735) | |
| Reconciliation ofReserves |
|||||
| Funds brought forward |
418,291 | 107,130 | 525,421 | 543,156 | |
| Total funds carried forward | 416,091 | 131,248 | 547,339 | 525,421 |
| Notes | 2021f | f | 2020 f |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Fixed Assets | |||||||||
| Tangible assets | 12 | 427,746 | 438,716 | ||||||
| Current Assets | |||||||||
| Cash at bank | 106,596 | 77,139 | |||||||
| Cash in hand | 150 | 150 | |||||||
| Debtors | 20,517 | 18,765 | |||||||
| 127,263 | 96,054 | ||||||||
| Creditors | |||||||||
| Amounts falling due within one year |
13 | 4,997 | 4,291 | ||||||
| Net Current Assets | 122266 | 91 763 | |||||||
| Total Assets | Less Current | Liabilities | 550,012 | 530,479 | |||||
| Creditors | |||||||||
| Amounts falling due after one year |
14 | 2,673 | 5,058 | ||||||
| Total Net Assets | 547,339 | 525,421 | |||||||
| Reserves | |||||||||
| Restricted reserves | |||||||||
| Farm | fund restricted | reserves | 15 | 415,691 | 415,691 | ||||
| Other | restricted | reserves | 15 | 400 | 2,600 | ||||
| Unrestricted | reserves | 16 | 131,248 | 107,130 | |||||
| 547,339 | 525,421 |
| Plant and | machinery | 20% Straight | Line |
|---|---|---|---|
| Computer | Equipment | 33%Straight | Line |
| Motor Vehicles | 20% Straight | I ine | |
| Buildings | over 8 years |
| Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| F | |||||
| Donations | 39,660 | 39,660 | 12,075 | ||
| Membership | Subscription | 1,990 | 1,990 | 2,623 | |
| 41,650 | 41,650 | 14,968 | |||
| 3.INVESTMENT INCOME | |||||
| Total | Total | ||||
| 2021 | 2020 | ||||
| E | |||||
| Rent receivable | 44,625 | 40,811 | |||
| Deposit account interest | 36 | 162 | |||
| 44,661 | 40,973 |
| .GRANT INC | OME | |||||
|---|---|---|---|---|---|---|
| Transfer to | ||||||
| Expenditure | Unrestricted | |||||
| B/fwd | Grants | This Year | Funds | C/fwd | ||
| W. SocWoolmen | 2,600 | 3,000 | 5,200 | - | 400 | |
| RB Greenwich | Covid grants | 37,584 | - | 37,584 | ||
| Job Retention | Scheme (Covid) | 26,183 | - | 26,183 | ||
| 2,600 | 66,767 | 5,200 | 63,767 | 400 |
| Total | Total | ||
|---|---|---|---|
| 2021f | 2020 6 |
||
| Rural payments | agency | 11,107 | 13,669 |
| 11,107 | 13,669 | ||
| 6.STAFF COSTS | |||
| The employment | costs ofstaff were as follows:- | ||
| Total | Total | ||
| 2021 | 2020 | ||
| 8 | |||
| Wages and salaries | 75,493 | 87,126 | |
| Social security costs | 2,396 | 4,791 | |
| Pension scheme | 1,607 | 1,940 | |
| 79,496 | 93,857 |
| The operating | surplus | is stated after charging:- | ||
|---|---|---|---|---|
| Total | Total | |||
| 2021 | 2020 | |||
| 6 | f | |||
| Depreciation | —owned | assets | 10,970 | 10,963 |
| Charitable | Total | Total | ||||
|---|---|---|---|---|---|---|
| Actihnties | Governance f |
2021f | 2020f | |||
| Wages Utilities |
5,982 | 5,982 | 5,298 | |||
| Auditors fees | 1,980 | 1,980 | 1,980 | |||
| Legal 8, professional Insurance |
fees, bookkeeping | 8,345 | 6,666 | 6,666 8,345 |
5,340 7,803 |
|
| Telephone Computer costs Postage, printing Cleaning Sundry expenses Affiliation fees |
and | stationery | 1,053 3,000 1,848 7,621 2,122 1,015 |
1,053 3,000 1,848 7,621 2,122 1,015 |
948 2,808 4,360 8,501 4,898 926 |
|
| Non-recoverable | VAT | 6,146 | ||||
| 30,986 | 8,646 | 39,632 | 49,008 |
| 2.TANGIBLE FIXEDASSET | S | ||||
|---|---|---|---|---|---|
| Land & ~lid |
Plant & ~M |
i |
Computer ~E |
Motor Vehicles |
|
| Cost | |||||
| At 1 April 2020 | 450,970 | 30,344 | 7,427 | 40,147 | 528,888 |
| Additions -Cost |
|||||
| Less - Grants Utilised |
|||||
| At 31 March 2021 | 450,970 | 30,344 | 7,427 | 40,147 | 528,888 |
| Accumulated Depreciation |
|||||
| At 1 April 2020 | 30,863 | 27,644 | 7,427 | 24,238 | 90,172 |
| Charge for the year | 4,416 | 1,451 | 5,103 | 10,970 | |
| At 31 March 2021 | 35,279 | 29,095 | 7,427 | 29,341 | 101,142 |
| Net book value | |||||
| At 31 March 2021 | 415,691 | 1,249 | 10,806 | 427,746 | |
| At 31 March 2020 | 420,107 | 2,700 | 15,909 | 438,716 |
| 3.CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| Total | Total | ||
| 2021 | 2020 | ||
| f | |||
| Accrued expenses | 2,664 | 3,330 | |
| PAYE | 1,977 | 961 | |
| Pensions | 356 | ||
| 4,997 | 4,291 | ||
| 4.CREDITORS: AMOUNTS | FALLING DUE AFTER ONE YEAR | ||
| Total | Total | ||
| 2021 | 2020 | ||
| E | |||
| Loan for upkeep ofcattle | 2,673 | 5,058 | |
| 2,673 | 5,058 |
| 5.RESTRICTED RESERVE | S | ||
|---|---|---|---|
| Total | Total | ||
| 2021f | 2020 f |
||
| Farm fund reserve Specific funds not disbursed |
on receipt | 415,691 400 416,091 |
415,691 2,600 418,291 |
| 6.REC | ONCILIAT | IO | N |
OF MOVEME | NTS IN UNRESTRICTED |
FUNDS | |
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | |||||
| Funds | 2021f | 2020 f |
|||||
| Surplus Funds |
(Deficit) B/fwd |
for | the | year | 24,118 107,130 |
24,118 107,130 |
(15,335) 122,465 |
| 131,248 | 131,248 | 107,130 |
| 7.ANALYSIS OF NET ASSETS BE | TWEEN FUNDS | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| Funds f |
Funds f |
Funds | |
| Tangible fixed assets Current assets All liabilities Net assets at 31 March 2021 |
12,055 126,863 ~7,670 131,248 |
415,691 400 416,091 |
427,746 127,263 ~7,670 547,339 |