| PAGE | |||
|---|---|---|---|
| Legal and administrative | information | ||
| Trustees' annual report |
|||
| Independent auditors' |
report to the members | ||
| Statement offinancial |
activities and income and expenditure | account | |
| Balance sheet | 12 | ||
| Notes to the financial statements | 13 |
| Registered | Company | Company | Number | 265Ii912 | |||
|---|---|---|---|---|---|---|---|
| Registered | Charity | Number | 1057915 | ||||
| Registered | office | The Elmhirst Centre |
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| Dartington Hall |
|||||||
| Totnes | |||||||
| Devon | |||||||
| TQ9 6EL | |||||||
| Trustees | jA Boldon | ||||||
| P Cenkl | |||||||
| 5 Kumar | |||||||
| NP Topping (resigned |
22 April 2022) | ||||||
| M Nasseri (appointed | 13january | 2022) | |||||
| MS Taylor (appointed | 13january | 2022 resigned | 20 May 2022) | ||||
| Bankers | Barclays Bank Plc | ||||||
| Devon Business Centre | |||||||
| 3Bedford Street | |||||||
| Exeter | |||||||
| EX1 1ZA | |||||||
| Independent | Auditors | Bishop Fleming | |||||
| Salt Quay House | |||||||
| 4 North East Quay | |||||||
| Sutton Harbour | |||||||
| Plymouth | |||||||
| PL4 OBN |
| Unrestricted | Restricted | Total Funds | Total Funds | |||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | |||||||
| Year to | Year to | Year to | Year to | |||||
| 31/08/2022 | 31/08/2022 | 31/08/2022 | 31/08/2021 | |||||
| Note | E | E | E | E | ||||
| Income from: | ||||||||
| Donations, legacies | &grants | 4 | 3,694 | 887,984 | 891,678 | 96,950 | ||
| Investment income |
174 | 174 | 831 | |||||
| Total income | 3,868 | 887,984 | 891,852 | 97,781 | ||||
| Expenditure on: |
||||||||
| Raising funds | 35 | 35 | 163 | |||||
| Grants to Schumacher | College | 786,800 | 786,800 | 596,213 | ||||
| Essay Competition | 8,000 | 8,000 | 596,213 | |||||
| Support &Administration |
costs | 5 | 7,015 | 7,015 | 7,238 | |||
| Total Expenditure | 7,050 | 794,800 | 801,850 | 603,614 | ||||
| Net (expenditure)/income | (3,182) | 93,184 | 90,002 | (505,833) | ||||
| Total funds brought | forward | 35,528 | 1,217,536 | 1,253,064 | 1,758,897 | |||
| Total funds carried | forward | 32,346 | 1,310,720 | 1,343,066 | 1,253,064 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Note | ||||
| Current assets | ||||
| Cash at bank | 1,350,066 | 1,426,791 | ||
| Total Current Assets | 1,350,066 | 1,426,791 | ||
| Current liabilities | ||||
| Creditors: amounts | falling due within one year | (7,000) | (173,727) | |
| Net current assets | 1,343,066 | 1,253,064 | ||
| Total assets less liabilities | 1,343,066 | 1,253,064 | ||
| The funds ofthe charity: | ||||
| Restricted funds | 9 | 1,310,720 | 1,217,536 | |
| Unrestricted funds |
32,346 | 35,528 | ||
| Total charity funds | 1,343,066 | 1,253,064 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||
| Individual | donations | 660 | 887,984 | 888,644 | 791 | 791 | |
| Legacies | 3,034 | 3,034 | |||||
| Grants | 96,159 | 96,159 | |||||
| Total | 3,694 | 887,984 | 891,678 | 791 | 96,159 | 96,950 |
| All support costs relate to raising funds | for the charity and are allocated as follows: | |
|---|---|---|
| 2022 | 2021 | |
| Audit fee | 7,000 | 7,200 |
| HMRC charge | ||
| Bank charges | 15 | 38 |
| Total | 7,015 | 7,238 |
| NET EXP | ENDITU | RE | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Net expenditure | is stated after charging: | |||
| Auditors' | remuneration | 7,000 | 7,200 |
| CREDITORS | ||
|---|---|---|
| 2022 | 2021 | |
| Accruals | 7,000 | 173,727 |
| Unrestricted Funds |
Restricted Funds |
Total Funds | |
|---|---|---|---|
| Fund Balances at 31August 2022 are | |||
| represented by: |
|||
| Current Assets | 39,346 | 1,310,720 | 1,350,066 |
| Current Liabilities |
(7,000) | (7,000) | |
| Net Current Assets | 32,346 | 1,310,720 | 1,343,066 |
| Unrestricted Funds |
Restricted Funds |
Total Funds | |
|---|---|---|---|
| Fund Balances at 31August 2021 are | |||
| represented by: |
|||
| Current Assets | 42,728 | 1,384,063 | 1,426,791 |
| Current Liabilities |
(7,200) | (166,527) | (173,727) |
| Net Current Assets | 35,528 | 1,217,536 | 1,253,064 |
| 9. STATEM |
ENT OF | FUNDS | ||||
|---|---|---|---|---|---|---|
| Balance at 31 August 2021 |
Income | Expenditure | Drawdown to The Dartington Hall Trust |
Balance at 31 August 2022 |
||
| E | ||||||
| Unrestricted | funds | 35,528 | 3,868 | (7,050) | 32,346 | |
| Restricted funds | ||||||
| Old Postern | 1,094,538 | 400,000 | (771,315) | 723,223 | ||
| refurbishment | ||||||
| Essay Competition | 21,159 | (8,000) | 13,159 | |||
| Holistic Education at | 75,000 | 75,000 | 150,000 | |||
| Schumacher | College | |||||
| Salvia Special | Grant | 412,984 | (15,485) | 397,499 | ||
| Bursary Fund |
20,000 | 20,000 | ||||
| Fundraising travel |
5,000 | 5,000 | ||||
| Other | 1,839 | 1,839 | ||||
| Total Restricted | ||||||
| funds | 1,217,536 | 887,984 | (8,000) | (786,800) | 1,310,720 | |
| Total funds | 1,253,064 | 891,852 | (15,050) | (786,800) | 1,343,066 |