2022-04-05-accounts

Annual Report and Accounts 2021 - 22

Charity no. 1053319 Company no. 03149116

MinsteadTrust Seeing potential Annual Report a.nd il Accounts 2021,- 22 nst*adTntst Annual Report and 2021- 22

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Our Vision

A society where people with learning disabilities enjoy fulfilling lives of their own choosing.

Our Mission

We support people with learning disabilities to fully develop their individual potential by providing opportunities, enhancing life skills, ensuring informed choice, and influencing society.

Our Purpose

We aim to go beyond basic needs to help explore and achieve individuals’ potential

Who We Are

• We appreciate each person. Everyone is different – we respect and celebrate this.

• We’re always learning. We all have something to offer and more to learn.

• We’re always improving. Striving to give our best and to have more impact.

• We push for change. We will challenge society to be fully inclusive.

• We have the freedom

• • We find the joy in everyday life. to be ourselves and enjoy what we do.

Minstead Trust Annual Report and Accounts 2021 - 22

Chief Executive’s Statement

For Minstead Trust, the past year has been dynamic and marked by both significant achievement and challenges. A new five-year strategy was developed alongside the reopening of most of our services, a focus on capacity-building and restructuring for the future, and expanding the Senior Management Team with relevant expertise - all whilst achieving significant growth.

In addition to organic growth in some of our services, we strengthened our relationship with Portsmouth City Council when we took on an existing supported living contract. We also agreed to continue the good work of Lily&Lime, a well-regarded social enterprise in the city. This latter acquisition has been particularly enriching for our strategic aim to support people into work, as it has added an apprenticeship model to our existing Step Up For Work programme, and given us the personnel, capacity and expertise to combine these two work streams under one new Employability department.

Whilst strategies to develop our level of online support were boosted by the pandemic’s digital mass migration, as were visitor numbers to Furzey Gardens as a result of the ‘staycation’ phenomenon, a transition back to a semblance of normality has revealed the more lasting downsides of COVID-19. Unintended legal consequences of new regulations requiring care home entrants to be double-vaccinated have halted the ability to

use our headquarters, Minstead Lodge, for multiple purposes even though the vaccination requirement has been lifted. This has impacted the work experience and employment opportunities we can offer on the site as well as curtailing an important source of independent income. More significantly, there is a degree of residual fear amongst the group of people we seek to help, visible in the lack of take-up for our reopened community drop-in services which have subsequently been forced to close.

Yet we look to the future with energy and ambition. Our new strategy was developed in conjunction with the Board of Trustees and in consultation with many of our staff and other stakeholders. This followed a cultural study of the organisation which led to three conclusions: innovative service solutions are necessary to meet the challenges of the future; our focus must be on real achievement over ‘feel-good’ interventions; and the organisation needs to become more outwardlooking. Organisational changes, including the remodelling of the Senior Management Team and several areas of the Trust, will build the foundations for a bold and spirited plan to make social care

sustainable in the future and to develop our impact far beyond the people we support directly. Our remarkable staff, volunteers, suppliers, and supporters continue to work together to provide exemplary care and support to those directly in our care. In addition, there is much to do in society at large. Although exemplified in the extreme by harrowing reports of appalling mistreatment of people with learning disabilities in the UK and abroad, there remain many barriers to everyday participation and the attainment of fulfilled lives much closer to home. Armed with the coalescing force of our new strategic objectives, we will leverage the growing power of our organisation not only to bring people with learning disabilities closer to society, but also to bring society closer to people with learning disabilities.

Adam Dodd Minstead Trust Chief Executive

4 Minstead Trust Annual Report and Accounts 2021 - 22

Chair’s Statement

Although 2021 saw a slower emergence from the restrictions of the pandemic than we had hoped for, we have had an excellent 12 months of growth, developing new opportunities and the real pleasure of seeing everyone at Minstead Trust begin to enjoy life and flourish once again. We know that for some it’s been a slow process of regaining confidence to get back to doing the activities that they value, but the staff and volunteers at Minstead Trust have constantly sought new and safe ways to enhance the lives of the people we support.

Our expansion into new social enterprise opportunities such as Lily&Lime and Brickyard Café will provide more people with the chance to gain valuable employment experience. Furzey Gardens and Hanger Farm Arts Centre have offered many varied ways for communities to come together to enjoy our facilities whilst also supporting the Trust. For example the outdoor theatre events that were held at Furzey Gardens in the summer of 2021 provided for many, the first safe opportunity for them to attend an arts event with family and friends for almost 18 months. Adam Dodd has made a strong and confident start in his role as CEO and the Board of Trustees has appreciated the opportunity to work with him and the wider Senior Management Team. We have

developed a new five-year strategy that will consolidate our current achievements and provide opportunities for future growth and success, always retaining a focus on what is best for the learning disability community and the people we support.

We are also extremely grateful to those volunteers who give their time freely to support Minstead Trust and enhance peoples’ lives, and also to our supporters who donate so generously to help us to achieve our vision.

Elizabeth Selby

Minstead Trust Chair of Trustees

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Minstead Trust Annual Report and Accounts 2021 - 22

Who we are

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6 Minstead Trust Annual Report and Accounts 2021 - 22

Each week

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Minstead Trust Annual Report and Accounts 2021 - 22

Planning for the future Our new five-year strategy

The year was spent building and finalising the Trust’s strategy for 2022-2027. After a consultative process that began in late 2020 and involved many stakeholders, the headline objectives were signed off by the Board in November 2021. It flows from a new mission, a new vision, and a new set of values that define the kind of organisation we intend to be, in terms suitable for all our stakeholders.

As the organisation is now quite diversified, we sought a unifying purpose that everyone associated with the Trust could recognise and support: that being that we seek to go beyond support for basic needs to help explore and realise individuals’ potential.

The main considerations that influenced the strategy were:

1. That exemplary service delivery starts with treating those delivering the service with the same care and attention their beneficiaries expect

2. That social care is in some ways broken, lacking the funding to encourage expertise and investment in the sector, or even to solve chronic staff retention issues

3. That if this situation is to change, we will have to change it

4. That society unwittingly places numerous barriers in the way of individuals with learning disabilities living fulfilled lives of their own choosing

5. That learning disabled people can be productive members of society if given the opportunity to develop work skills

6. That society needs to be shown that inclusion is not merely a buzzword, but can be the backbone of a better society for all

7. That neither paying our staff appropriately nor influencing society are government-funded activities, and so if they are to happen, we have to generate reliable, sustainable, and unrestricted funds of our own

Broadly speaking, the organisation is taking the first two years of the strategy to focus on quality and continuing its work to build infrastructure to support radical future growth – but with an aim to grow the impact of the organisation as the goal, rather than the organisation itself. Hence large parts of the strategy are aimed at influencing society – an area in which there are huge gains to be made and in which we believe we are well positioned to help.

The strategy is ambitious, far-reaching, and underpinned by detailed operational plans and budgets. We will report on progress against our objectives annually in this report.

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Exploring and nurturing potential

People with learning disabilities usually have their needs assessed by the local authority. But delivering excellent care in support of someone’s assessed needs is only part of the story, and not everyone has an assessment.

We will:

• Recognise and nurture potential by encouraging people to explore what they want from their lives

• Enable people to have their own voice and views and make them known

• Map the places and people in the community that offer people opportunities to explore their potential, and help connect them

We believe every person has potential, which can go far beyond the basic needs for which they receive support.

• Be creative and collaborative in providing new opportunities where gaps exist

• Support families to understand their rights and what can be achieved

• Help people at transitional points in their life, including; leaving school, moving to their own home or getting older.

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Minstead Trust Annual Report and Accounts 2021 - 22

Educating and inspiring society

People with learning disabilities have a huge amount to offer the world. But usually their input and influence is undervalued and ignored.

We will:

• Build upon the existing work experience and employment opportunities in our social enterprises by opening more outlets

• Help to create more opportunities for work experience and employment in society

• Create Learning Disability Confident Employer award

• Engage fully in all opportunities to consult with and influence local and national government on learning disabilities at all levels

We believe in reducing or removing barriers in society and showing how people with learning disabilities can participate fully in their communities.

• Work with the University of Winchester on the creation of a university experience for people with learning disabilities

• Influence and coach companies, services and communities in how to hear the views and perspectives of people with learning disabilities, and how to serve these citizens better

• Lead the way on modelling how truly inclusive communities benefit the world.

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Minstead Trust Annual Report and Accounts 2021 - 22

Involving the people we support throughout our organisation

This improves our services and makes it more likely that the people we support will fulfil their potential.

We will:

Find the best ways to involve people with learning disabilities and give them the opportunities and support to make the fullest possible contribution to their services, our enterprises, and the way Minstead Trust develops

Put communication, feedback and research mechanisms into everything we do, to become a true learning organisation

We believe that it is the right of people with learning disabilities to be involved in the creation and implementation of our services.

Enable people to express their own views and ensure that their voices are heard

Create paid roles for people with learning disabilities in all our departments.

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Minstead Trust Annual Report and Accounts 2021 - 22

Our key objectives for the financial year ending March 2023

• To open at least one more hospitality venue as a social enterprise

• To acquire a profitable business that can be transformed into a social enterprise

• To migrate our residential care home to improved premises in the community

• To initiate an outreach programme in Portsmouth

• To refocus our people and culture practices to be based around our new values

• To create an online induction programme to speed up and deepen the onboarding process

• To develop and broaden our approach to equity, diversity and inclusion

• To influence how retail serves learning disability customers through the creation of an ‘experts by experience’ mystery shopper service

• To trial and test different methods of improving the involvement of the people we support in the development of our organisation

• To reduce our level of debtors to an average level below one month of invoicing

Part one .7 l {• l [•K• [J I aVA uring . DRIVING HOME FOR CHRISI MinsteadTru5tAnnual Report and Accounts 2021- 22 13

Last year, we said that our immediate plans for the future were to re-establish stability across all of our current delivery in the wake of the worst days of the pandemic, whilst continuing to respond to opportunities that arose for delivering new services in both Portsmouth and the New Forest.

Stabilising delivery and building infrastructure

We reopened almost all our services and put considerable energy into building capacity back to levels equal to the demands placed on our services. As already mentioned, our Minstead Lodge social enterprise and community drop-in centres remain, for the time being, casualties of the pandemic. But the year saw good progress towards building structures in several departments that aim to maintain and improve consistent quality standards. The emphasis wherever possible has been to empower people closer to the frontline to take decisions and structure their work in ways that lead to better services provided and better outcomes delivered for the people we support. Whilst we are in the foothills of what is possible here, we have detailed plans that span the first 24 months of our new strategy to develop this much further.

Critical to the work required to develop culture, empower staff and grow capacity that is independent of local authority funding has been the development of the Senior Management Team. The previous role of Director of Finance and Central Services has been replaced with

directorates of Finance, HR, and Social Enterprises. In addition, in recognition of the radical increase in importance of our presence in Portsmouth, we also appointed a Regional Director of Care for the area, with the original Director of Care taking on a role defining quality and service delivery for the whole Trust, in addition to carrying out regional directorship responsibilities for our operations in the New Forest.

New Services

We were delighted to strengthen our relationship with Portsmouth City Council by contracting to deliver two new services. In May 2021 we were awarded a contract to support an additional 28 individuals to live more independently in their homes. Beginning the service delivery in late July, this contract was the Trust’s first experience of adopting an existing service from another provider and presented practical and cultural challenges which have been a great source of learning for the future.

In September 2021, the Trust was fortunate and privileged to be able to save the core name, ideals, and talented staff team of a pioneering

Rachel: running my own café

‘The apprenticeship programme at Lily&Lime has helped me to become more confident and realise how much I can actually do.

‘I am enjoying working at Lily&Lime because it’s helped me socially and professionally. I have made some great friends here and learnt a lot of new skills.’

Since completing her apprenticeship Rachel as gone from strength to strength and is showcasing this by running a café within Minstead Trust three days a week unsupported. She is a real asset to the team and continues to show improvement on a weekly basis.

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social enterprise in Portsmouth, Lily&Lime, which found itself struggling following the sad passing of its founder, Anita Godson. Lily&Lime provides employment opportunities for individuals with learning disabilities and autism with support from a local authority day opportunities contract. We had watched with interest and admiration the work of this social enterprise for several years, and we were delighted to be able not only to ensure continuity of Anita’s legacy, but also to invest in and expand the possibilities for this type of work not only in Portsmouth, but throughout the regional hubs in which we operate.

We were also pleased to enter into a partnership with The Brickworks Museum in Bursledon to run their café operation, now operating as Brickyard Café. This provides work experience and employment opportunities, as well as creating a physical presence of the Trust located midway between our operations in the New Forest and Portsmouth. It also emphasises the growing importance of our social enterprises as a cornerstone of our future strategy.

We also extended our supported living delivery and property portfolio in the New Forest by opening a new three-bedroom house in Totton in August 2021.

Employability

This new department is a combination of the existing Step Up For Work programme and the new traineeship and apprenticeship offer developed from Lily& Lime’s model, providing a new level of choice for the people we support and those in our local communities. We are using

training, work experience and one-to-one mentoring to help seek sustained paid employment, either in our own social enterprises or our ever-growing employer network.

The main focus of the employability team is to help bridge the gap between people with a learning disability who want employment (63%) and those that are currently in paid employment (4.8% nationally). We witness the benefits of paid employment every day with those who graduate from our employability schemes, through the independence that develops through earning a wage, to the self-confidence and self-belief they feel being part of our team.

The great joy of the employability programmes is that we get to challenge people’s understanding of learning disability by allowing them to connect with people with learning disabilities. Our placements in local communities and businesses across Hampshire allow colleagues, customers, and owners to experience the untapped talent

that our learners possess. By matching each learner to a placement and working with that employer to make reasonable adjustments, we can break down the barriers that most organisations don’t even know exist.

Having a paid job is regularly linked to happiness levels, mental health stability and self-worth, and this is not any different for the people we support. Whilst we know that each individual has challenges to face, the Employability department are determined to help overcome these challenges in any way possible.

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Minstead Trust Annual Report and Accounts 2021 - 22

1. New Forest Day Opportunities

• Workshops and activities to help people develop new skills

2. Residential

24/7 care and support for nine residents

3. New Forest Supported Living

• Shared houses with varying levels of support for tenants

4. Portsmouth Day Opportunities

Activity sessions and community visits to help people learn new skills

5. Portsmouth Supported Living

Shared houses with varying levels of support for tenants

6. Employability

Training and work experience to help people into employment.

7. Wellbeing

• Targeted support to help with mental and physical health.

8. Furzey Gardens

Public gardens, tea rooms and wedding venue

9. Minstead Lodge

Country house wedding and events venue

10. The Real Jam and Chutney Company

• Artisan products made by people with learning disabilities

11. Hanger Farm Arts Centre

Theatre, events and wedding venue

12. Brickyard Café and Events

Café and wedding venue at Brickworks Museum in Bursledon

13. Lily&Lime cafés

Community cafés run by people with learning disabilities

‘My role is made significantly easier by the great work Minstead Trust is already doing in the community.’

nit ters su si•adThstAMud R<pot and Act￿nts 2021 . 22

Volunteers

The lingering effects of the pandemic continued to have an impact for some of our volunteers, particularly in New Forest Day Opportunities where local authority infection control measures made it difficult or impossible to bring volunteers back. In addition we were forced to rationalise the breadth of activities offered pre-pandemic which meant that the skills of several volunteers, some of whom had been supporting the Trust for some time, could not be used.

Furzey Gardens volunteers once again provided vital support to the gardens, allowing us the capacity to deliver thousands of hours of work experience and training to people whilst modelling an inclusive and sustainable business to our visitors. A consistent ‘meet and greet’ function, staffed entirely by volunteers, was a welcome addition to the gardens, necessitated by the circumstances of the pandemic, but which was maintained throughout the period and beyond.

Volunteers also played a very significant role in our preparations for Furzey Gardens’ centenary year, celebrations for which continue throughout the 2022 season. We are pleased to include talented historians and horticulturalists amongst our volunteers, who between them have done work on cataloguing the plants and telling the story of the gardens, providing rich material for years to come.

We are very grateful for the 112 volunteers who supported us during the year, contributing nearly 8,000 hours and numerous positive outcomes between them.

Funders

We are extremely grateful for the support of a number of individual donors, companies, other charities, and grant-giving bodies. Among many others, we thank B&Q, Screwfix, Zurich Community Trust, Veolia, Lazari Investments and the Christos Lazari Foundation, Allianz Real Estate, Day Associates, New Forest District Council, Arts & Heritage, Monday Charitable Trust, and Heritage Lottery.

The contributions we have received enable us not only to survive but also to thrive. Some of that funding is in support of development projects which will yield benefits for the people we support for years to come. Our gratitude will last indefinitely.

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Minstead Trust Annual Report and Accounts 2021 - 22

‘Everyone has always been so friendly and I was made to feel extremely welcome.’

Two Year Timeline

----- Start of picture text -----
Outbreak of
COVID-19
224 people supported
£4.2m turnover
130 staff
121 volunteers
----- End of picture text -----

----- Start of picture text -----
July 2020
Newly refurbished supported
living house opens to meet
increased demand during
pandemic.
Seven new people supported
£200k increase in turnover
Eight new staff
----- End of picture text -----

----- Start of picture text -----
April 2021
CEO Madeleine
Durie leaves, Adam
Dodd appointed
Acting CEO
----- End of picture text -----

----- Start of picture text -----
July 2021
Supported living contracts
start in Portsmouth
27 new people supported
£1m increase in turnover
28 new staff
----- End of picture text -----

----- Start of picture text -----
June 2020
Furzey Gardens made
Covid-safe and
reopened to the public
Welcomes 35,000
annual visitors during
the pandemic and triples
memberships numbers
----- End of picture text -----

----- Start of picture text -----
March 2021
Minstead Trust is awarded
a new supported living
contract in Portsmouth
----- End of picture text -----

----- Start of picture text -----
Financial year ending
March 2021
£900k voluntary income,
highest total ever achieved,
helped us to survive the
pandemic.
----- End of picture text -----

----- Start of picture text -----
June 2021
Adam Dodd
appointed CEO
Regional Director of
Care (Portsmouth)
appointed.
----- End of picture text -----

----- Start of picture text -----
August 2021
New supported living
house opens in Totton
for three new people
– New Forest Supported
Living has grown 24%
during the pandemic
----- End of picture text -----

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Minstead Trust Annual Report and Accounts 2021 - 22

----- Start of picture text -----
September 2021
Lily&Lime café joins
Minstead Trust
13 new people supported
Eight new staff
Three new volunteers
£150k+ turnover
----- End of picture text -----

----- Start of picture text -----
November 2021
Board signs off in principle on the proposed
five year strategy, including formal
ratification of plans to expand the Senior
Management Team and social enterprises
infrastructure to support improvements in
quality and growth of services
Director of HR appointed to lead the new
People and Culture team.
Day and Community Opportunities Manager
consolidates New Forest Day Opportunities
with drop-in centres, community theatre,
and online choir
----- End of picture text -----

----- Start of picture text -----
January 2022
Café and events spaces
acquired at The Brickworks
Museum in Bursledon on a
long lease
----- End of picture text -----

----- Start of picture text -----
Financial year ending March 2022
278 people supported
£5.3m turnover
221 staff and 112 volunteers
----- End of picture text -----

----- Start of picture text -----
December 2021
Director of Social
Enterprises appointed to
drive quality and growth
----- End of picture text -----

----- Start of picture text -----
March 2022
Business case presented to
Board to acquire Real Jam &
Chutney Company and
convert it to a work integration
social enterprise
----- End of picture text -----

22 Minstead Trust Annual Report and Accounts 2021 - 22

Part three p]*# MinsteadTru5tAnnual Report and Accounts 2021- 21.,

2021-22 Income £5,356K

Fees and contributions 73%

Donations and legacies (excluding Furzey Gardens) 10% Property income 6%

Hanger Farm Arts Centre trading 4% Furzey Gardens entrance donations 3% Furzey Gardens trading 3% Investments and other 1%

Expenditure 2021-22 £5,274K

Charitable activities 99%

Raising funds 1%

Key points

• Fee income from contracted provision from statutory bodies and Direct Payments accounted for £3,835,334 compared to £2,935,690 which is a 30.6% increase in the previous year. This growth was largely due to increasing our operations in Portsmouth, both in Supported Living and in Day Opportunities via the Lily&Lime café.

• Income from our trading activities, which includes our social enterprises including Furzey Gardens, Minstead Lodge, Hanger Farm Arts Centre, and now Lily&Lime, saw a partial rebound from £342,052 in 2020-21 to £406,099 this year.

• Expenditure on charitable activities has increased substantially from £3,644,720 to £5,243,908, an increase of 43.9%. Aside from routine wage inflation, this predominantly reflects a substantial increase in staffing due to our expansion in Portsmouth and investment in social enterprise staffing infrastructure to prepare for the requirements of the new fiveyear strategy.

• The accounts show a significant increase in Trade Debtors to £700,223 after the previous year’s historic low of £166,191. This situation has improved dramatically since the balance sheet date.

• Following the incredible support we received in the first year of the pandemic, grant funding was expected to fall. The resulting decrease was from £901,694 in the previous year to £218,171, a drop of 75.8%.

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Minstead Trust Annual Report and Accounts 2021 - 22

Go¥ernaryF. mana ement 41lY.j-¢ ' nts2021-22"

Our Governance Structure

Minstead Trust was established in 1986 and incorporated in 1996 as a charity and company limited by Guarantee and registered in England and Wales.

Charity number 1053319 Company number 03149116

Charitable Objects and Public Benefit

Our Charitable Objects are:

1. To support people with a disability, or otherwise excluded by their social or economic circumstances and members of their family and their carers by means of providing services, facilities, campaigning and support to enable them to lead more independent and fulfilling lives and become fully integrated in society.

2. To preserve, maintain and develop the historic gardens and buildings particularly at Furzey Gardens, Minstead for the enjoyment and benefit of the horticultural groups and the general public and in particular people who are otherwise excluded by their social or economic circumstances

3. To provide facilities for the better carrying out of the objects herein referred to without prejudice to the generality of this object to provide library, workshop, research, employment, training, recreational, spiritual and other residential and non-residential facilities as may be necessary to promote such objects.

Charity Trustees have a duty to report on their charity’s public benefit. They should demonstrate that:

1. There is an identified benefit or benefits

2. The benefit must be to the public or section of the public.

This report sets out the activities that Minstead Trust carried out in order to further its strategic aims and public benefit and charitable objects. The Trustees take note of the Charity Commission’s advice on public benefit and confirm that our activities meet the requirement of Public Benefit of our charity.

Board of Trustees

Our Trustees have ultimate responsibility for directing the work of our charity, ensuring that it is solvent, well run and delivering against our charitable objects or the public benefit. The Trustees of Minstead Trust are Directors of Minstead Trust for the purpose of company law. No Trustee has any financial interest in the charity. No Trustee receives any remuneration for their services as a Trustee but may be reimbursed reasonable and necessary expenses.

The Board of Trustees appoint the Chief Executive who is accountable to the trustees for the day to day running of the charity, and for implementing the strategic business plan approved by Trustees. The Board set out the delegated responsibilities to the CEO on an annual basis.

The Trustees ordinarily serve up to two terms of three years. The Board met four times in the year as well as an annual away day. All Trustees sit on

at least one committee of the Board which convene several times a year depending on the specific Terms of Reference as set out in the Governing Document.

The Committees during the year were:

• Strategy

• Care and Support

• Governance

• People and Culture

• Finance and Facilities

• Business Development

The Board elects a Chair and Deputy Chair who ordinarily fulfil that role for a period of three years.

Trustee Recruitment, Training and Induction

The Board seek to ensure a good mix of experience and expertise, including finance, HR, senior management and direct experience of learning disabilities. During the year, no new trustees were recruited, one retired and one stepped down due to other commitments. . Three of the current twelve Trustees have family experience of learning disabilities.

New positions are advertised, following a skills assessment by the Board. The recruitment process is overseen by the Governance Committee and aims to involve some of the people we support.

All Trustees receive induction training by the Senior Management Team and complete the NCVO Trustee Induction Training as well as Safeguarding Training. All Trustees are subject to our Safer Recruitment Policy for staff and volunteers. Safeguarding Training is refreshed every three years.

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Minstead Trust Annual Report and Accounts 2021 - 22

Risk Management

The Board is ultimately responsible for risk management, and takes a neutral attitude to risk, balancing the quality and safety needs of a human service charity with the need to be strategically and financially progressive. The Board undertakes a fundamental risk review annually. Each risk is assigned a likelihood and estimated impact which together give the risk an overall rating. The highest rated strategic risks are reviewed at each Board meeting and the Committees review and manage the risks related to their remit outside of the Board meetings. The Board confirms that this process

was followed throughout the year, and that control systems exist to manage identified risks. Members of the Senior Management Team (SMT) compile and maintain operational risk registers that provide more granular detail of overarching areas of risks, again with likelihood and estimate impact calculations applied to indicate the severity of risk in each case. Risk mitigations and controls are specified. The key risks that the Board has identified and actively monitor and control with risk mitigation and a responsible manager for each risk include:

----- Start of picture text -----
Risk Impact on strategic or operational objectives
Changes in government policy and/or Misalignment of our strategy and impacting upon
inconsistent policy application services and finances
Forced closure or reduction in services Catastrophic loss of income and/or reputational
damage impacting the Trust’s operations
Reputation/Poor public perception of charity Reduction in support and goodwill
sector and/or Minstead Trust
Strategy is not sufficiently future focused, flexible Failure to meet the current trend or future needs of
and/or diverse our beneficiaries, leading to a decline in use of our
services and ineffective use of money
Inadequate or inaccurate reserves, cash-flow Limited ability to delivery strategy which impacts
and/or investment management the charity’s sustainability
The Board reviewed and refreshed the organisational Risk Register during the period, creating further
separation between the strategic risk register of the Board and the operational risk registers of the SMT.
Likelihood and impact were reassessed in all cases, and an audit of appropriate controls and
mitigations was completed.
----- End of picture text -----

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Decision Making and Management of the Charity

Having agreed the annual budget, which is linked to the five-year strategy, the Board delegate the policy implementation and day-to-day management to the Chief Executive. The detail is set out in the Delegation of Powers included within the Trust’s Governing Rules. Outcomes and key performance indicators are monitored through committees and through quarterly Balanced Scorecard and Financial Report to the Board.

The Chief Executive was supported during the year by a senior management team comprised of:

• Director of Development

• Director of Care and Support

• Regional Director of Care (Portsmouth)

• Director of Finance

• Director of Human Resources

• Director of Social Enterprises

Fundraising Practises

Minstead Trust takes a diversified approach to fundraising, generating voluntary income from individual donors, including donations to Furzey Gardens, fundraising events, corporate supporters, trusts and foundations. Our fundraising team consists of 2.6 staff including a project officer and overseen by the Director of Development. The Trust does not employ any professional fundraising organisations.

We are registered with the Fundraising Regulator and work to the Fundraising Code of Conduct.

Pay and Remuneration Policy

Staff remuneration is reviewed on an annual basis, based on job evaluation, comparable market benchmarking and the charity’s financial parameters. Frontline roles are regularly benchmarked against other similar organisations in the area with a view to be at or close to the top of the list of best payers. Other roles are assigned to a particular grade, and each grade is banded around a midpoint set at the level of the independently-determined average market rate for that role in our location and sector. Our main objective as a responsible employer is to work towards paying at least in line with Living Wage Foundation recommendations and each year have focused any pay increases on those members of our team who are least well paid.

The pay review process is presented to the People and Culture Committee and agreed by the Board based on recommendations made by the Chief Executive on behalf of the Senior Management Team. The People and Culture Committee also review the recommendations for CEO and Senior Management Team pay and these are subsequently subject to agreement by the Board of Trustees.

With the exception of staff in one newly acquired services during the year, all staff were paid at or above the Real Living Wage Foundation’s recommended figure.

Reserves Policy

The Board reviews the reserves policy annually in all cases or more frequently as required in light of changing circumstances.

The total funds of the charity at the end of the reporting period are £6,586,156. Of this amount, £202,437 is restricted and are therefore not available for the general purposes of the charity. In addition, £250,000 has been designated for core cost infrastructure development over the next two years, and a further £5.2m has been designated, representing the value of the tangible fixed assets (mainly properties) necessary for the day-to-day operations of the Trust.

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Minstead Trust Annual Report and Accounts 2021 - 22

At the beginning of the pandemic the trustees agreed that they would like to increase our reserves policy from three months’ operating expenditure to six months’, whilst recognising it would take several years to do so. The reasons for this level are:

• To provide sufficient working capital to cover delays between spending and receiving contractual and other income

• To provide a cushion to deal with unexpected expenditure, particularly in facility costs

• To enable a managed exit from services if contracts or funding were withdrawn

• The free reserves of the charity as at the end of the reporting period stand at £987,919. At 2.25 months of operating expenditure, this is below our targeted increase. The severity of the pandemic, and subsequent ongoing economic turmoil, has harmed this effort. Improvement in our reserves position will be dependent on growth, and the designated infrastructure fund is intended to support the development of the Trust to this end.

Investment Policy

The Board has the power to invest charitable funds. Investment decisions are taken collectively by the Board, but trustees receive recommendations from the Finance and Facilities Committee. This committee currently includes one current and one former banker with investment specialisations. The performance of investments is monitored by the Board quarterly based on reports from the Finance Director.

generating an annual income to support the ongoing activities of the Trust. Capital growth will be used to support project development as and when required by the Strategic Plan.

In general, the Board has adopted an ethical investment strategy informed by guidelines published by the Church of England’s Ethical Investment Advisory Group.

Throughout the period, however, the Board has maintained a sum slightly greater than £500,000 in a Charity Fund with CCLA. This fund trades daily and is therefore highly liquid.

Honorary Offices

Minstead Trust benefits from a Patron and Ambassador. Professor Joy Carter CBE DL, Ex Vice Chancellor of the University of Winchester and Deputy Lord Lieutenant for Hampshire has been patron of Minstead Trust since 2016.

Our Ambassador, Reverend Tim Selwood, founded Minstead Trust and was Chair of Trustees until 2016 and a Trustee until 2018. He is supported by a number of Learning Disability Ambassadors who promote the work of the Trust to the community.

We thank our Patron and Ambassadors for their ongoing support and involvement in Minstead Trust.

The Board has agreed a medium risk profile in line with the aim of the policy to generate a return on the excess of inflation over the long term, whilst

30 Minstead Trust Annual Report and Accounts 2021 - 22

Key volunteers, staff and advisors

Patron: Professor Joy Carter, CBE, DL Ambassador: Rev. Tim Selwood

Trustees

The Directors of the charitable company are its Trustees for the purposes of Charity Law and throughout this report are collectively referred to as Trustees or the Board.

The Directors during the year under review are:

Mrs Elizabeth Selby, Chair

Mr Graham Waters, Deputy Chair

Mr Ian Clark

Professor David Clutterbuck (resigned November 2021)

Mrs Amanda Dixon Ms Josephine Grunwell The Hon Lady McDonald

Mr Zahid Nawaz

Senior Management Team

Chief Executive: Adam Dodd, ACMA, CGMA, MSc, LLB (Hons) Director of Finance: Jeanette Adamson, FCCA Director of Care and Support: Travis Musselwhite Director of Development: Dawn Wood MA (Oxon) Regional Director of Care: Lisa Lee, BA (Hons) Company Secretary: Wendy Newton Director of Human Resources: Heidi Oldrey, MCIPD Director of Social Enterprises: Jay Powell

Registered Office

Minstead Lodge Seaman’s Lane, Minstead, Hampshire, SO43 7FT

Mr Robert Stirling Mr Martin Callaghan

Mrs Ann Day Mrs Kelly West (resigned February 2022)

Auditors

Ward Goodman 4 Cedar Park, Cobham Road, Ferndown Industrial Estate Wimborne, Dorset, BH21 7SF

Bankers

Lloyds Bank Plc 39 High Street, Lymington, Hampshire, SO41 9ZF

31

Minstead Trust Annual Report and Accounts 2021 - 22

Statement of the Trustees’ Responsibilities

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable group and of the incoming resources and application of resource, including the income and expenditure, of the charitable company for that period.

In preparing those financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities’ Statement of Recommended Practice (SORP);

• make judgements and estimates that are reasonable and prudent;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable group will continue in business.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable group and to enable them to ensure that the financial statements comply with the

Companies Act 2006. They are also responsible for safeguarding the assets of the charitable group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities..

In so far as the Trustees are aware:

• there is no relevant audit information of which the charitable company’s auditors are unaware; and

• the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

Auditors

The auditors, Ward Goodman, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This trustee’s report under the Charities Act 2011 and in accordance to the Special Provisions of Part 15 of the Companies Act 2006 was approved by the board of Trustees on 9 November 2022 and is signed and authorised on its behalf by:

Elizabeth Selby Chair of Trustees

32 Minstead Trust Annual Report and Accounts 2021 - 22

Report of the Independent Auditors to the Trustees of Minstead Trust

Opinion

Basis for opinion

We have audited the consolidated financial statements of Minstead Trust (the ‘charitable parent company’ and its trading subsidiary, together ‘the group’) for the year ended 31 March 2022 which comprise the consolidated statement of financial activities, the group and parent charitable company balance sheets and the consolidated statement of cashflows and the notes to the financial statements. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the group and the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

In our opinion the financial statements:

• give a true and fair view of the state of the charitable group’s and the parent charitable company’s affairs as at 31 March 2022 and of the group’s incoming resources and application of resources, including its income and expenditure, for the year then ended;

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

• the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the group and parent charitable company’s ability to

• have been prepared in accordance with the requirements of the Companies Act 2006.

continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Other information

The trustees and directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

33

Minstead Trust Annual Report and Accounts 2021 - 22

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion:

• the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements ; or

• the group and parent charitable company have not kept adequate accounting records; or

• the financial statements are not in agreement with the accounting records and returns; or

• we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the Statement of Trustees Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group and parent charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Sections 144 and 152 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

• We obtained an understanding of the legal and regulatory frameworks applicable to the charitable group and the sector in which they operate.

• We obtained an understanding of how the charitable group are complying with those legal and regulatory frameworks by making enquires of management

• We assessed the susceptibility of the charitable group’s financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement

34 Minstead Trust Annual Report and Accounts 2021 - 22

Audit procedures performed by the engagement:

• 1 Identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud

• 2 Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process

• 3 Challenging assumptions and judgments made by management in its accounting estimates

• 4 Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations; and

• 5 Assessing the extent of compliance with the relevant law and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities . This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable group’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable group’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charitable group’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Jenifer A Richardson ACA FCCA DChA

(Senior Statutory Auditor) For and on behalf of Ward Goodman

Registered Auditor

4 Cedar Park, Cobham Road, Ferndown Industrial Estate, Wimborne, Dorset, BH21 7SF Date: 15/12/2022

35

Minstead Trust Annual Report and Accounts 2021 - 22

Part five Consolidated Statements For the year ending 31 March 2022

36

Minstead Trust Annual Report and Accounts 2021 - 22

Minstead Trust Consolidated Statement of Financial Activities for the Year Ended 31 March 2022 (incorporating an income and expenditure account)

----- Start of picture text -----
2022 2021
Unrestricted funds Restricted funds Total funds Total funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 527,855 281,084 808,939 1,250,949
- - -
Charitable activities
Student fees and contributions 6 4,029,244 - 4,029,244 2,991,968
Primary purpose trade 6 505,162 - 505,162 331,291
- - -
Furzey Gardens trading income 9,508
Other trading activities 4 8,975 - 8,975 1,253
Investment income 5 586 - 586 5,936
Other income 100 - 100 -
- -
Furzey Gardens Transfer of Assets 2,785 2,785
Total 5,074,707 281,084 5,355,791 4,590,905
EXPENDITURE ON
Support other funding 7 30,506 - 30,506 29,947
Charitable activities
Charitable activities 8 5,116,522 127,386 5,243,908 3,644,720
- - -
Furzey Gardens trading expenditure 5,689
Total 5,147,028 127,386 5,274,414 3,680,356
- - -
Net gains/(losses) on investments 54,539
NET INCOME (72,321) 153,698 81,377 965,088
Transfers between funds 20 174,950 (174,950) - -
Net movement in funds 102,629 (21,252) 81,377 965,088
RECONCILIATION OF FUNDS
Total funds brought forward 6,281,090 223,689 6,504,779 5,539,691
TOTAL FUNDS CARRIED FORWARD 6,383,719 202,437 6,586,156 6,504,779
----- End of picture text -----

All activities relate to continuing operations. The notes on pages 41 to 58 form part of these financial statements

37

Minstead Trust Annual Report and Accounts 2021 - 22

Minstead Trust Consolidated Balance Sheet at 31 March 2022

----- Start of picture text -----
2022 2021
Notes £ £
FIXED ASSETS
Tangible assets 14 5,395,800 4,980,221
Investments 15 - -
5,395,800 4,980,221
CURRENT ASSETS
Stock 16 13,947 6,324
Debtors 17 812,667 282,162
Cash at bank and in hand 1,560,701 2,132,135
2,387,315 2,420,621
CREDITORS
Amounts falling due within one year 18 (345,345) (272,413)
NET CURRENT ASSETS 2,041,970 2,148,208
TOTAL ASSETS LESS CURRENT LIABILITIES 7,437,770 7,128,429
CREDITORS
Amounts falling due after more than one year 19 (851,614) (623,650)
NET ASSETS 6,586,156 6,504,779
FUNDS
Unrestricted funds 20 938,376 1,200,355
Designated funds 20 5,445,343 5,080,735
Restricted funds 20 202,437 223,689
TOTAL FUNDS 6,586,156 6,504,779
----- End of picture text -----

The charitable group is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The trustees acknowledge their responsibilities for

• (a) ensuring that the charitable group keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable group as at the end of each financial year and of its surplus and deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable group.

These financial statements have been audited under the requirements of Section 144 of the Charities Act 2011. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small groups.

These financial statements were approved by the Board of Trustees on 9 November 2022 and were signed on its behalf by:

Trustee - Graham Waters

The notes on pages 41 to 58 form part of these financial statements.

38 Minstead Trust Annual Report and Accounts 2021 - 22

Minstead Trust Charity Balance Sheet at 31 March 2022

----- Start of picture text -----
2022 2021
Notes £ £
FIXED ASSETS
Tangible assets 14 5,395,800 4,980,221
Investments 15 100 100
5,395,900 4,980,321
CURRENT ASSETS
Stock 16 13,947 6,324
Debtors 17 812,667 307,936
Cash at bank and in hand 1,560,701 2,123,451
2,387,315 2,437,711
CREDITORS
Amounts falling due within one year 18 (345,345) (272,413)
NET CURRENT ASSETS 2,041,970 2,165,298
TOTAL ASSETS LESS CURRENT LIABILITIES 7,437,870 7,145,619
CREDITORS
Amounts falling due after more than one year 19 (851,614) (623,650)
NET ASSETS 6,586,256 6,521,969
FUNDS
Unrestricted funds 20 938,476 1,217,544
Designated funds 20 5,445,343 5,080,735
Restricted funds 20 202,437 223,689
TOTAL FUNDS 6,586,256 6,521,968
----- End of picture text -----

The notes on pages 41 to 58 form part of these financial statements. These financial statements were approved by the Board of Trustees on 9 November 2022 and were signed on its behalf by: Trustee - Graham Waters

Minstead Trust Annual Report and Accounts 2021 - 22 39

Minstead Trust Consolidated Cashflow Statement for the Year Ended 31 March 2022

----- Start of picture text -----
2022 2021
Notes £ £
Cash flows from operating activities:
Cash generated from operations 1 (237,713) 1,219,694
Net cash provided by (used in) operating activities (237,713) 1,219,694
Cash flows from investing activities:
Purchase of tangible fixed assets (574,936) (175,300)
-
Purchase of fixed asset investments (42,253)
- -
Sale of tangible fixed assets
-
Sale of fixed asset investments 605,102
Interest received 586 374
Dividends received - 5,562
Net cash provided by (used in) investing activities (574,350) 393,485
Cash flows from financing activities:
-
New loans in year 300,000
Loan repayments in year (99,417) (71,085)
Interest on loans in year 40,046 32,645
Net cash provided by (used in) financing activities 240,629 (38,440)
Change in cash and cash equivalents in the reporting period (571,434) 1,574,739
Cash and cash equivalents at the beginning of the reporting period 2,132,135 557,396
Cash and cash equivalents at the end of the reporting period 1,560,701 2,132,135
----- End of picture text -----

All activities relate to continuing operations. The notes on pages 41 to 58 form part of these financial statements

40 Minstead Trust Annual Report and Accounts 2021 - 22

Notes to the Consolidated Cash Flow Statement for the Year Ended 31 March 2022

----- Start of picture text -----
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2022 2021
£ £
Net income for the reporting period (as per the statement of financial activities) 81,377 965,088
Adjustments for:
Depreciation charges 159,357 132,455
Gain on investments - (54,539)
- -
Profit on disposal of fixed assets
Interest received (586) (374)
Dividends received - (5,562)
Revaluation of listed investment - 68,002
Cashflows before movement in working capital 240,148 1,105,070
Decrease / (increase) in stock (7,623) 2,673
Decrease / (increase) in debtors (530,505) 72,347
Increase / (decrease) in creditors 60,267 39,604
Net cash provided by (used in) operating activities (237,713) 1,219,694
----- End of picture text -----

All activities relate to continuing operations. The notes on pages 41 to 58 form part of these financial statements

41

Minstead Trust Annual Report and Accounts 2021 - 22

Minstead Trust Notes to the Financial Statements For the Year Ended 31 March 2022

1. LEGAL FORM

Minstead Trust is a private company, Limited by Guarantee, registered in England and Wales. The company’s registered number and registered address can be found on the Company Information Page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities’ Statement of Recommended Practice (SORP) (FRS 102) ‘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) (effective 1 January 2015)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Basis of Consolidation

The group financial statements consolidate the financial statements of Minstead Trust and its wholly owned subsidiary Furzey Gardens as if they formed a single entity. Intercompany transactions and balances have therefore been eliminated in full. Furzey Gardens Limited was gifted to Minstead Trust on 1st April 2017. During the year, trading was ceased within Furzey Gardens.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Grants (including those received from government bodies) are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Grant income is deferred when the donor specifies use of the grant to be in the future, or where there are conditions for full entitlement and those conditions have not yet been satisfied.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation

committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

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

• 1% on cost, 2% on cost and 10% on cost

• Plant and machinery

between 7% and 10% reducing balance

• Fixtures and fittings

• 10% on reducing balance

• Motor vehicles

• 10% on cost

• Computer equipment

between 10% and 20% on cost

42

Minstead Trust Annual Report and Accounts 2021 - 22

Stocks

Stocks are valued at the lower of cost or net realisable value.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Incoming resources and resources expended are shown exclusive of value added tax (VAT) where appropriate. However, where the VAT is irrecoverable it is included within the category of resources expended for which it was incurred.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other postretirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company’s pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Investments

Investments included in the accounts are included at market value. Gains arising from the sale of quoted investments are disclosed in the SOFA as realised gains. Gains arising from changes to the market values of quoted investments are disclosed in the SOFA as unrealised gains.

Debtors and prepayments

Debtors and prepayments are recognised at the transaction price where an entity has a present obligation resulting from a past event that will probably result in the transfer of funds from a third party to the charity and the amount due to settle the obligation can be measured or estimated reliably.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their transaction price after allowing for any trade discounts due.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

All financial assets and liabilities are initially measured at transaction price, unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing

transaction with scheduled repayment dates, the financial asset or liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Significant judgements and estimates

In the application of the charity’s accounting policies, which are described above, the trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Gifted properties are considered to be an area of estimation uncertainty as a professional valuation is not obtained by Trustees.

Charitable activities

Costs of charitable activities comprises those costs incurred by the charity in the delivery of its activities including the primary purpose trading. It includes both costs that can be allocated directly to such activities and includes an apportionment of support costs. Support costs are allocated on a basis designed to reflect the use of the resource and allocated according to time spent on each category as set out in notes 8 and 9.

43

Minstead Trust Annual Report and Accounts 2021 - 22

----- Start of picture text -----
3 DONATIONS AND LEGACIES 2022 2021
£ £
Donations 590,768 347,255
Grants 218,171 901,694
Donated services and facilities - 2,000
808,939 1,250,949
Grants received, included in the above, are as follows:
2022 2021
£ £
Grants for social care 80,441 464,800
Business grants 14,000 58,000
Arts council - 14,292
COVID grants 42,538 67,956
Government Grants 15,580 124,689
Computers and plant 32,960 96,069
Building and Land Projects 25,000 75,888
Other Grants 7,652 -
218,171 901,694
4 OTHER TRADING ACTIVITIES 2022 2021
£ £
Sponsorships 720 1,137
Sales - 116
Social Lotteries 8,255 -
8,975 1,253
5 INVESTMENT INCOME 2022 2021
£ £
Other fixed asset invest - FII - 5,562
Deposit account interest 586 374
586 5,936
----- End of picture text -----

44 Minstead Trust Annual Report and Accounts 2021 - 22

----- Start of picture text -----
6 INCOME FROM CHARITABLE ACTIVITIES 2022 2021
Area Activity £ £
Day services Student fees and contributions 1,173,200 1,186,545
Residential Student fees and contributions 774,166 756,552
Supported living Student fees and contributions 1,887,968 992,593
Hanger Farm income Charitable activity 193,910 56,278
Rental income Primary purpose trade - rental income 292,973 202,373
Hospitality Primary purpose trade - Food & hospitality training 19,583 41,331
Nursery Primary purpose trade - Plants sales 24,933 24,185
Arts & Crafts Primary purpose trade - Sales of products from crafts 1,951 1,327
Furzey Gardens Primary purpose trade 154,537 62,075
-
Lily & Lime Primary purpose trade 11,185
4,534,406 3,323,259
7 SUPPORT OTHER FUNDING 2022 2021
Raising donations and legacies £ £
Freelancers 22,467 22,492
Advertising 2,433 3,686
24,900 26,178
Other trading activities £ £
Commission 5,606 3,769
5,606 3,769
Aggregate amounts 30,506 29,947
8 CHARITABLE ACTIVITIES COSTS Direct £ Support £ Totals £
Charitable activities 5,189,282 54,626 5,243,908
9 SUPPORT COSTS
Finance £
Charitable activities 54,626
----- End of picture text -----

Minstead Trust Annual Report and Accounts 2021 - 22 45

----- Start of picture text -----
2022 2021
10 NET INCOME/(EXPENDITURE)
£ £
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets 159,357 131,142
- -
Surplus on disposal of fixed asset Auditors remuneration
Auditors remuneration 11,332 10,100
----- End of picture text -----

11 TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees’ expenses

During the year the trustees of Minstead Trust were paid expenses of £nil (2021 - £nil) and provides Directors indemnity insurance £2,057 (2021 - £1,115). The Memorandum and Articles of Association preclude the payment of any remuneration.

----- Start of picture text -----
|||| |---|---|---| |12 STAFF COSTS|2022|2021| |£|£| |Wages and salaries|3,501,168|2,468,263| |Social security costs|268,454|185,060| |Other pension costs|68,482|47,497| |3,838,104|2,700,820| |The average number of employees during the year was as follows:|2022|2021| |Employees|189|132| |2022|2021| |The full time equivalent was|132|93.04| |The number of employees whose employee benefits (excluding|2022|2021| |employer pension costs) exceeded £60,000 was:| |£60,001 - £70,000|0|0| |£70,001 - £80,000|1|1|

----- End of picture text -----

The total remuneration and benefits for key management personnel in the year to 31 March 2022 amounted to £342,666 (2021: £169,210).

46

Minstead Trust Annual Report and Accounts 2021 - 22

----- Start of picture text -----
13 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted funds £ Restricted funds £ Total funds £
INCOME AND ENDOWMENTS FROM
Donations and legacies 973,524 277,425 1,250,949
- - -
Gift of property
Charitable activities
Student fees and contributions 2,991,968 - 2,991,968
-
Primary purpose trade 331,291 331,291
-
Furzey Gardens trading income 9,508 9,508
-
Other trading activities 1,253 1,253
Investment income 5,936 - 5,936
Other income - - -
- - -
Gain on donation of subsidary
Total 4,313,480 277,425 4,590,905
EXPENDITURE ON
-
Raising funds 29,947 29,947
Charitable activities
Charitable activities 3,543,414 101,306 3,644,720
-
Furzey Gardens trading expenditure 5,689 5,689
Total 3,579,050 101,306 3,680,356
-
Net gains/(losses) on investments 54,539 54,539
NET INCOME 788,969 176,119 965,088
Transfers between funds 50,252 (50,252) -
Net movement in funds 839,221 125,867 965,088
RECONCILIATION OF FUNDS
Total funds brought forward 5,441,869 97,822 5,539,691
TOTAL FUNDS CARRIED FORWARD 6,281,090 223,689 6,504,779
----- End of picture text -----

Minstead Trust Annual Report and Accounts 2021 - 22 47

----- Start of picture text -----
14 TANGIBLE FIXED ASSETS - MINSTEAD TRUST AND SUBSIDIARY
Freehold property Plant and machinery Fixtures and fittings Motor vehicles Computer equipment Totals
COST £ £ £ £ £ £
At 1 April 2021 4,883,351 119,864 155,675 217,547 225,223 5,601,660
Additions 415,490 13,980 55,899 4,200 85,367 574,936
- - - - - -
Disposals
At 31 March 2022 5,298,841 133,844 211,574 221,747 310,590 6,176,596
DEPRECIATION
At 1 April 2021 291,015 36,529 89,525 121,902 82,468 621,439
Charge for year 82,400 9,485 9,422 15,762 42,288 159,357
- - - - - -
Eliminated on disposal
At 31 March 2022 373,415 46,014 98,947 137,664 124,756 780,796
NET BOOK VALUE
At 31 March 2022 4,925,426 87,830 112,627 84,083 185,834 5,395,800
At 1 April 2021 4,592,336 83,335 66,150 95,645 142,755 4,980,221
TANGIBLE FIXED ASSETS - Minstead Trust
Freehold property Plant and machinery Fixtures and fittings Motor vehicles Computer equipment Totals
COST £ £ £ £ £ £
At 1 April 2021 4,883,351 119,864 155,675 217,547 225,223 5,601,660
Additions 415,490 13,980 55,899 4,200 85,367 574,936
- - - - - -
Disposals
At 31 March 2022 5,298,841 133,844 211,574 221,747 310,590 6,176,596
DEPRECIATION
At 1 April 2021 291,015 36,529 89,525 121,902 82,468 621,439
Charge for year 82,400 9,485 9,422 15,762 42,288 159,357
- - - - - -
Eliminated on disposal
At 31 March 2022 373,415 46,014 98,947 137,664 124,756 780,796
NET BOOK VALUE
At 31 March 2022 4,925,426 87,830 112,627 84,083 185,834 5,395,800
At 1 April 2021 4,592,336 83,335 66,150 95,645 142,755 4,980,221
----- End of picture text -----

48 Minstead Trust Annual Report and Accounts 2021 - 22

----- Start of picture text -----
15 FIXED ASSET INVESTMENTS - TRUST
Listed investments Unlisted investments Totals
MARKET VALUE £ £ £
At 1 April 2021 - 100 100
Additions - - -
- - -
Disposals
Revaluations - - -
At 31 March 2022 - 100 100
NET BOOK VALUE
At 31 March 2022 - 100 100
At 1 April 2021 - 100 100
16 STOCKS
Trust and subsidiary Trust
2022 2021 2022 2021
£ £ £ £
Finished Goods 13,947 6,324 13,947 6,324
17 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trust and subsidiary Trust
2022 2021 2022 2021
£ £ £ £
Trade debtors 700,223 166,191 700,223 166,191
- - -
Amounts owed from group undertakings 25,774
Other debtors 24,662 16,060 24,662 16,060
VAT 28,090 4,205 28,090 4,205
Prepayments and accrued income 59,692 95,706 59,692 95,706
812,667 282,162 812,667 307,936
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49

Minstead Trust Annual Report and Accounts 2021 - 22

18 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

----- Start of picture text -----
|||||| |---|---|---|---|---| |Trust and subsidiary|Trust| |2022|2021|2022|2021| |£|£|£|£| |Bank loans|59,397|46,731|59,397|46,731| |Trade creditors|84,636|99,560|84,636|99,560| |Social security and other taxes|85,885|49,307|85,885|49,307| |Other creditors|61,251|8,747|61,251|8,747| |VAT|-|-|-|-| |Accrued expenses|54,176|68,068|54,176|68,068| |345,345|272,413|345,345|272,413| |19 CREDITORS: AMOUNTS FALLING AFTER MORE THAN ONE YEAR| |Trust and subsidiary|Trust| |2022|2021|2022|2021| |£|£|£|£| |Bank loans|851,614|623,650|851,614|623,650|

----- End of picture text -----

50 Minstead Trust Annual Report and Accounts 2021 - 22

----- Start of picture text -----
20 MOVEMENT IN FUNDS
Incoming Resources Gains and
Trust and subsidiary At 1.4.21 Transfers At 31.3.22
resources expended losses
£ £ £ £ £ £
Unrestricted funds
General fund 1,200,355 5,074,707 (5,147,028) - (189,658) 938,376
Essential assets 4,830,735 - - - 364,608 5,195,343
Infrastructure 250,000 - - - - 250,000
-
6,281,090 5,074,707 (5,147,028) 174,950 6,383,719
----- End of picture text -----

	6,281,090	5,074,707	(5,147,028)	-	174,950	6,383,719
Restricted funds				-
Community Group - Drop Ins	11,625	3,600	(1,396)	-	-	13,829
Step Up To Work	32,783	38,591	(23,517)	-	-	47,857
Transport Capex	6,467	-	-	-	(4,200)	2,267
Above the Rafers	12,538	-	(8,435)	-	(4,103)	-
General Capital Expenditure	84,090	-	-	-	(61,767)	22,323
Lawn Mower	600	-	-	-	(450)	150
HCC Covid-19 Recovery Grants	18,362	44,618	(62,980)	-	-	-
SCC Infection Control Grants	2,079	-	(2,079)	-	-	-
Toilet Block in NFDS	34,248	21,000	-	-	(55,248)	-
Wiltshire Control Grants	493	-	(493)	-	-	-
Furzey Bridge (Meadow)	-	44,500	(2085)	-	(17,346)	25,069
Bicycle	300	-	-	-	-	300
Nature Session Equipment	702	-	(702)	-	-	-
Lent appeal and Xmas Appeal	2,750	1,643	-	-	(765)	3,628
Big Give Portsmouth	(103)	-	-	-	103	-
Big Give NFDO	259	-	-	-	(259)	-
Big Give - Wellbeing	15,000	50,265	(12,200)	-	(1,515)	51,550
YBS	1,496	-	-	-	-	1,496
Involvement Worker	-	4,800	(254)	-	-	4,546
Photo Equipment	-	5,450	(500)	-	(1,933)	3,017
Furzey Centenary Art	-	22,000	(9,068)	-	-	12,932
Commission 2022 Hangar Farm Sound				-
and Cinema Equipment	-	32,961	(212)	-	(27,467)	5,282

51

Minstead Trust Annual Report and Accounts 2021 - 22

20 MOVEMENT IN FUNDS - Continued Trust and subsidiary At 1.4.21 £ Restricted funds (Continued) Storm Eunice Appeal - Whitemoor Refurbishment - 223,689 TOTAL FUNDS 6,504,779 Trust At 1.4.21 £ Unrestricted funds General fund 1,217,544 Essential assets 4,830,735 Infrastructure 250,000 6,298,279	20 MOVEMENT IN FUNDS - Continued Trust and subsidiary At 1.4.21 £ Restricted funds (Continued) Storm Eunice Appeal - Whitemoor Refurbishment - 223,689 TOTAL FUNDS 6,504,779 Trust At 1.4.21 £ Unrestricted funds General fund 1,217,544 Essential assets 4,830,735 Infrastructure 250,000 6,298,279	Incoming resources £ 7,270 4,386 281,084 5,355,791 Incoming resources £ 5,057,7618 - - 5,057,618	Resources expended £ (3,465) - (127,386) (5,274,414) Resources expended £ (5,147,028) - - (5,147,028)	Gains and losses £ - - - - Gains and losses £ - - - -	Transfers £ - - (174,950) - Transfers £ (189,658) 364,608 - 174,950	At 31.3.22 £ 3,805 4,386 202,437 6,586,156 At 31.3.22 £ 938,476 5,195,343 250,000 6,383,819
Restricted funds				-
Community Group - Drop Ins	11,625	3,600	(1,396)	-	-	13,829
Step Up To Work	32,783	38,591	(23,517)	-	-	47,857
Transport Capex	6,467	-	-	-	(4,200)	2,267
Above the Rafers	12,538	-	(8,435)	-	(4,103)	-
General Capital Expenditure	84,090	-	-	-	(61,767)	22,323
Lawn Mower	600	-	-	-	(450)	150
HCC Covid-19 Recovery Grants	18,362	44,618	(62,980)	-	-	-
SCC Infection Control Grants	2,079	-	(2,079)	-	-	-
Toilet Block in NFDS	34,248	21,000	-	-	(55,248)	-
Wiltshire Control Grants	493	-	(493)	-	-	-
Furzey Bridge (Meadow)	-	44,500	(2,085)	-	(17,346)	25,069
Bicycle	300	-	-	-	-	300
Nature Session Equipment	702	-	(702)	-	-	-

52 Minstead Trust Annual Report and Accounts 2021 - 22

----- Start of picture text -----
20 MOVEMENT IN FUNDS - Continued
Incoming Resources Gains and
Trust At 1.4.21 Transfers At 31.3.22
resources expended losses
£ £ £ £ £ £
Restricted funds (Continued)
- -
Lent appeal and Xmas Appeal 2,750 1,643 (765) 3,628
Big Give Portsmouth (103) - - - 103 -
Big Give NFDO 259 - - - (259) -
-
Big Give - Wellbeing 15,000 50,265 (12,200) (1,515) 51,550
YBS 1,496 - - - - 1,496
Involvement Worker - 4,800 (254) - - 4,546
- -
Photo Equipment 5,450 (500) (1,933) 3,017
- - -
Furzey Centenary Art 22,000 (9,068) 12,932
Commission 2022 Hangar Farm Sound
and Cinema Equipment - 32,961 (212) - (27,467) 5,282
- - -
Storm Eunice Appeal 7,270 (3,465) 3,805
Whitemoor Refurbishment - 4,386 - - - 4,386
-
223,689 281,084 (127,386) (174,950) 202,437
TOTAL FUNDS 6,521,968 5,338,702 (5,274,414) - - 6,586,256
----- End of picture text -----

53

Minstead Trust Annual Report and Accounts 2021 - 22

20. MOVEMENT IN FUNDS - Continued

Trust and subsidiary Unrestricted funds General fund Essential assets Infrastructure	At 1.4.20 £ 652,482 4,789,387 - 5,441,869	Incoming resources £ 4,313,480 - - 4,313,480	Resources expended £ (3,579,050) - - (3,579,050)	Gains and losses £ 54,539 - - 54,539	Transfers £ (241,096) 41,348 250,000 50,252	At 31.3.21 £ 1,200,355 4,830,735 250,000 6,281,090
Restricted funds
Assisted Technology	512	-	(512)	-	-	-
Drop-Ins General Fund	12,237	-	(642)	-	30	11,625
Elingfeld House	57,263	18,668	(2,860)	-	(73,071)	-
Polytunnel (Furzey Gardens)	100	-	(100)	-		-
Portsmouth Teapot Café (YBS)	1,516			-	(1,516)	-
Skill-up Centres	2,663	750		-	(3,413)	-
Step Up To Work	17,783	15,000		-	-	32,783
Transport Capex	6,467	-		-	-	6,467
Above the Rafers	(1,754)	14,292		-	-	12,538
Hanger Farm Community Group	1,035	-	(830)	-	(205)	-
General Capital Expenditure	-	95,000	(10,910)	-	-	84,090
Lawn Mower	-	1,069	(469)	-	-	600
HCC Grants	-	33,163	(14,801)	-	-	18,362
SCC Infection Control Grants	-	5,743	(3,664)	-	-	2,079
Toilet Block in NFDS	-	38,000	(3,752)	-	-	34,248
Wiltshire Control Grants	-	1,000	(507)	-	-	493
Winter Infection Control	-	13,591	(13,591)	-	-	-
Meadow	-	11,720	(18,493)	-	6,773	-
Online Choir	-	1,000	(1,437)	-	437	-
Bicycle	-	300	-	-	-	300
Portsmouth Infection Control	-	9,279	(9,279)	-	-	-
North Somerset	-	100	(100)	-	-	-
Nature Session Equipment	-	1,000	(298)	-	-	702
Lent appeal 2021	-	2,750	-	-	-	2,750

54 Minstead Trust Annual Report and Accounts 2021 - 22

20. MOVEMENT IN FUNDS - Continued Trust and subsidiary At 1.4.20 £ Restricted funds (Continued) Big Give Portsmouth - Big Give NFDO - Rausing Grant - Wellbeing Worker - YBS - 97,822 TOTAL FUNDS 5,539,691 Trust At 1.4.20 £ Unrestricted funds General fund 668,068 Essential assets 4,789,387 Infrastructure - 5,457,455	20. MOVEMENT IN FUNDS - Continued Trust and subsidiary At 1.4.20 £ Restricted funds (Continued) Big Give Portsmouth - Big Give NFDO - Rausing Grant - Wellbeing Worker - YBS - 97,822 TOTAL FUNDS 5,539,691 Trust At 1.4.20 £ Unrestricted funds General fund 668,068 Essential assets 4,789,387 Infrastructure - 5,457,455	Incoming resources £ - - - 15,000 - 277,425 4,590,905 Incoming resources £ 4,294,909 - - 4,294,909	Resources expended £ (103) - (18,938) - (20) (101,306) (3,680,356) Resources expended £ (3,558,876) - - (3,558,876)	Gains and losses £ - - - - - - 54,539 Gains and losses £ 54,539 - - 54,539	Transfers £ - 259 18,938 1,516 (50,252) - Transfers £ (241,096) 41,348 250,000 50,252	At 31.3.21 £ (103) 259 - 15,000 1,496 223,689 6,504,779 At 31.3.21 £ 1,217,544 4,830,735 250,000 6,298,279
Restricted funds
Assisted Technology	512	-	(512)	-	-	-
Drop-Ins General Fund	12,237	-	(642)	-	30	11,625
Elingfeld House	57,263	18,668	(2,860)	-	(73,071)	-
Polytunnel (Furzey Gardens)	100	-	(100)	-		-
Portsmouth Teapot Café (YBS)	1,516			-	(1,516)	-
Skill-up Centres	2,663	750		-	(3,413)	-
Step Up To Work	17,783	15,000		-	-	32,783
Transport Capex	6,467	-		-	-	6,467
Above the Rafers	(1,754)	14,292		-	-	12,538
Hanger Farm Community Group	1,035	-	(830)	-	(205)	-

55

Minstead Trust Annual Report and Accounts 2021 - 22

----- Start of picture text -----
20. MOVEMENT IN FUNDS - Continued
Incoming Resources Gains and
Trust At 1.4.20 Transfers At 31.3.21
resources expended losses
£ £ £ £ £ £
Restricted funds (Continued)
- - -
General Capital Expenditure 95,000 (10,910) 84,090
Lawn Mower - 1,069 (469) - - 600
HCC Grants - 33,163 (14,801) - - 18,362
SCC Infection Control Grants - 5,743 (3,664) - - 2,079
Toilet Block in NFDS - 38,000 (3,752) - - 34,248
Wiltshire Control Grants - 1,000 (507) - - 493
Winter Infection Control - 13,591 (13,591) - - -
Meadow - 11,720 (18,493) - 6,773 -
Online Choir - 1,000 (1,437) - 437 -
Bicycle - 300 - - - 300
Portsmouth Infection Control - 9,279 (9,279) - - -
North Somerset - 100 (100) - - -
Nature Session Equipment - 1,000 (298) - - 702
- - - -
Lent appeal 2021 2,750 2,750
- - - -
Big Give Portsmouth (103) (103)
Big Give NFDO - - - - 259 259
Rausing Grant - - (18,938) - 18,938 -
- - -
Wellbeing Worker 15,000 15,000
YBS - - (20) - 1,516 1,496
-
97,822 277,425 (101,306) (50,252) 223,689
TOTAL FUNDS 5,555,277 4,572,334 (3,660,182) 54,539 - 6,521,968
----- End of picture text -----

56 Minstead Trust Annual Report and Accounts 2021 - 22

20. MOVEMENT IN FUNDS - Continued

DESIGNATED FUNDS

Essential Assets Fund

The net book value (historical cost minus accumulated depreciation) of property, computer equipment and vehicles

Infrastructure

Designated fund agreed by the board of trustees regarding future infrastructure improvements.

Restricted funds

Community Group - Drop Ins

We have opened a number of community drop-in centres to provide support for those people in society who have not been successful in securing a more permanent provision from their local authority. There is administration and common general costs associated with the provision of these centres, and this fund tracks the income received against these costs and associated expenditure.

Step Up To Work

An ambitious programme that aims to help people transition from learning basic skills of a job to becoming employable and even employed. The primary costs are a Job Opportunities Mentor and bursary funding fort those individuals who are not able to fund the placement through other means.

Transport Capex

A grant for purchasing vehicles. We are gradually extending and refreshing our fleet across the Trust.

Above the Rafters

Funding for the Community Theatre, which provides opportunities for local people with learning disabilities to be part of a theatrical team.

General Capital Expenditure

Trust purchases of large capital items in the course of running the organisation.

Lawn Mower

For the purchase of a lawn mower for the surrounding land that requires maintaining.

HCC Covid-19 Recovery Grants

Hampshire funded grants to support the trust with the ongoing Covid outbreak and the restrictions the organisation faces.

SCC Infection Control Grants

Southampton funded grants to support the trust with the ongoing Covid outbreak and the restrictions the organisation faces.

Toilet Block in NFDS

A grant from the EU Leader programme to fund 80% of the costs of upgrading our facilities for conference and wedding guests, supporting our hospitality social enterprise and helping us to develop financial self-sufficiency.

Wiltshire Control Grants

Wiltshire funded grants to support the trust with the ongoing Covid outbreak and the restrictions the organisation faces.

Furzey Bridge (Meadow)

To build a bridge at Furzey gardens to improve pathways and extend the gardens to the open meadow areas.

Bicycle

To purchase a bicycle to aid in health regime and wellbeing of staff.

Nature Session Equipment

For the purchase of equipment and cost of producing the Nature sessions.

Lent Appeal and Xmas Appeal

For the purchase of horticulture items to be used by the Trust for maintaining the land and properties.

Big Give Wellbeing

For supporting the wellbeing of people we support and staff, offering the opportunity for the trust to provide more than just contracted support where it is needed.

Portsmouth Teapot Café (YBS)

Set-up costs for a mini internal social enterprise, in which the people we support serve each other in a café environment.

57

Minstead Trust Annual Report and Accounts 2021 - 22

20. MOVEMENT IN FUNDS - Continued

Involvment Worker

This fund is for a part time role that will help aid the recruitment and development of champions in individual areas, who are willing to provide more focus for individual areas.

TRANSFER IN FUNDS

Transfers have been made from restricted funds to general funds where a restriction has been fulfilled through the purchase of capitalised equipment in the year.

Photo Equipment

For the purchase of quality photography equipment for the trust’s marketing team.

Furzey Centenary Art Commission 2022

For the Furzey Gardens centenary year and the Art commission that is part of project.

Hanger Farm Sound and Cinema Equipment

Fund is for the purchase of sound and cinema equipment to aid development of the overall theatrical and cinematic experience at Hangar Farm.

Storm Eunice Appeal

Fund is for the clean up after the storm Eunice and supporting the rebuilding and removal of trees and garden structures that have been damaged.

Whitemoor Refurbishments

For the refurbishment of Whitemoor to change of use from a bed and breakfast to a residential care home.

Transfers have been made from restricted funds to general funds where expenditure has been identified which was incurred in previous years but was not allocated to the appropriate fund in the relevant year. Transfers have been made to recognise this expenditure and correct the fund balances.

Transfers have been made from the general fund to the essential assets designated fund to bring the reporting balance at year end in line with the reported Net Book Value of assets as at 31 March 2022.

21. RELATED PARTY DISCLOSURE

During the year the trustees of Minstead Trust, donated an aggregate amount of £5,025 (2021 - £140) to Minstead Trust.

During the year the Senior Management team of Minstead Trust, donated an aggregate amount of £10 (2021 - £nil) to Minstead Trust.

58 Minstead Trust Annual Report and Accounts 2021 - 22

Janet: learning to love life again

Janet attends Minstead Trust’s Portsmouth Day Opportunities several times each week.

She also enjoys getting out and about in her community immensely and tells us here about her struggles when that was taken away during Covid-19 restrictions and her hopes for the future now.

‘I found lockdown really stressful, couldn’t get out and about as I can’t walk far with my disability.

‘I love to shop and go and watch the football.

‘When I couldn’t do these things during the lockdowns it was awful – I felt sad and right down in the dumps.

‘I now have support to go and do my shopping once a week at Tesco. I enjoy it, picking out things for my fridge and store cupboard. I sometimes buy new clothes and even a watch recently!

‘I support Pompey [Portsmouth FC] and I have a season ticket. I am back watching them now and went to the match the other week. I got soaked and so did my carer – but we still love it!’

‘I now have support to go and do my shopping once a week at Tesco. I enjoy it, picking out things for my fridge and store cupboard.’

59

Minstead Trust Annual Report and Accounts 2021 - 22

Minstead Trust is a charitable company registered in England and Wales, registered number 03149116. Registered charity number: 1053319. VAT number: 287 5996 22