2022-03-31-accounts

Legalandadministrativeinformation
Reportofthetrustees
Independentexaminer'sreport
Statementoffinancialactivities- group
Statementoffinancialactivities- charity
Balancesheet
Cashflowstatement
Notestothefinancialstatements	11-23

Charityname:	SpetchleyGardensCharitableTrust
Trustees:	CharlesWyld
	CharlesBerkeley
	ReginaldHeyworth
	PatrickDownes
Headgardener:	ChristopherMiller
Independentexaminer:	SafferyChampnessLLP
	StCatherine'sCourt
	BerkeleyPlace
	Clifton
	Bristol
	BS81BQ
Bankers:	NationalWestminsterBank
	PO Box1369
	16ThePlain
	Thornbury
	Bristol
	BS352BF
Solicitors:	BurgesSalmon
	1GlassWharf
	Bristol
	BS20ZX
Investmentmanagers:	ClosePrivateAssetManagement
	8thFloor
	10ExchangeSquare
	PrimroseStreet
	London
	EC2A2BY
Registrationnumber:	1061063
Principaloffice:	BerkeleyCastleEstateOffice
	BerkeleyCastle
	Berkeley
	Gloucestershire
	GL139BQ

		Unrestricted	Restricted
		funds	funds
	Notes
Incomefrom:
Donationsandlegacies		600,779		600,779	100,067
Charitableactivities		171,865		171,865	117,068
Investmentincome		27,040		27,040	17,394
Governmentgrantincome				3,500	14,285
Total		799,684		803,184	248,814
Expenditureon:
Raisingfunds		1,579		1,579	1,333
Charitableactivities		355,736		373,629	256,471
Total		357,315		375,208	257,804
Netincome/ (expenditure)beforegainson
investments		442,369	(14,393)	427,976	(8,990)
Gainsoninvestmentassets		5,957		5,957	69,670
Netmovementinfunds		448,326	(14,393)	433,933	60,680
Totalfundsbroughtforward		1,127,881	613,101	1,740,982	1,680,302
Totalfundscarriedforward		1,576,207	598,708	2,174,915	1,740,982

		Unrestricted	Restricted
		funds	funds
	Notes
Incomefrom:
Donationsandlegacies		600,779		600,779	100,067
Charitableactivities		171,865		171,865	117,068
Investmentincome		27,040		27,040	17,394
Governmentgrantincome				3,500	14,285
Total		799,684		803,184	248,814
Expenditureon:
Raisingfunds		1,579		1,579	1,333
Charitableactivities		355,195		373,088	256,652
Total		356,774		374,667	257,985
Net(expenditure)/incomebeforegainson
investments		442,910	(14,393)	428,517	(9,171)
Gainsoninvestmentassets		5,957		5,957	69,670
Netmovementinfunds		448,867	(14,393)	434,474	60,499
Totalfundsbroughtforward		1,127,670	613,101	1,740,771	1,680,272
Totalfundscarriedforward	15	1,576,537	598,708	2,175,245	1,740,771

		Group	Group	Charity	Charity
		2022	2021	2022	2021
Fixedassets	Notes	£	£	£	£
Tangibleassets	10-11	1,343,883	1,353,016	1,343,883	1,353,016
Unlistedinvestmentsatcost	12	-		1	1
Investmentsatmarketvalue	12	257,424	252,850	257,424	252,850
		1,601,307	1,605,866	1,601,308	1,605,867
Currentassets
Stocks		2,181	2,126	2,181	2,126
Debtors	13	27,331	8,380	27,713	8,380
Cashatbankandinhand		593,529	242,259	593,476	242,047
Creditors:amountsfallingduewithinoneyear	14	(49,433)	(117,649)	(49,433)	(117,649)
Netcurrentassets		573,608	135,116	573,937	134,904
Totalassetslesscurrentliabilities		2,174,915	1,740,982	2,175,245	1,740,771
Funds
Unrestrictedfunds		1,576,207	1,127,881	1,576,537	1,127,670
Restrictedfunds		598,708	613,101	598,708	613,101
Totalfunds	15-16	2,174,915	1,740,982	2,175,245	1,740,771

		2022	2021
CashGeneratedfromoperatingactivities
Netcashprovidedbyoperatingactivities		342,228	107,998
Corporationtaxpaid		(212)	(475)
Netcashprovidedbyoperatingactivitiesaftertaxation		342,016	107,523
Cashflowsfrominvestingactivities
Dividends,interestandrentsfrominvestments		27,040	17,394
Purchaseofproperty,plantandequipment		(24,197)	(1,808)
Proceedsfromthesaleoffixedassets		5,028
Proceedsfromthesaleofinvestments		25,699	22,862
Purchaseofinvestments		(27,475)	(28,239)
Netcashprovidedbyinvestingactivities		6,095	10,209
Changeincashandcashequivalentsinthereportingperiod		348,111	117,732
Cashandcashequivalentsatthebeginningofthereportingperiod		250,695	132,963
Cashandcashequivalentsattheendofthereportingperiod		598,806	250,695
Reconciliationofnetincome/(expenditure)tonetcashflowfromoperatingactivities
		2022
Netincomeforthereportingperiod(asper thestatementoffinancial
activities)		433,933
Adjustmentsfor:
Currenttaxcharge		106
Depreciationcharges		33,330	32,468
Unrealisedgainsoninvestments		(5,957)	(69,670)
Profitondisposaloffixedassets		(5,028)
Dividends,interestandrentsfrominvestments		(27,040)	(17,394)
(Increase)/decreaseinstock Increaseindebtors		(55) (18,845)	123 29,341
(Decrease)/increaseincreditors		(68,216)	72,447
Netcashprovidedbyoperatingactivities		342,228	107,998
Analysisofnetdebt
	At1 April 2021	Cashflows	At31March 2022
	£	£	£
Cashatbankandinhand	242,259	351,270	593,529
Cashheldaspartofinvestments	8,436	(3,159)	5,277
Total	250,695	348,111	598,806

	Turnover
	Costofsalesandadministrativeexpenses
	Taxation
	Netprofit
	Fixedassets
	Currentassets		159		318
	Currentliabilities		(488)		(300)
	Netassets		(329)		18
3	Donationsandlegacies	Group	Group	Charity	Charity
		2022	2021	2022	2021
		£	£	£	£
	Donations	580,779	80,067	580,779	80,067
	Giftaid	20,000	20,000	20,000	20,000
		600,779	100,067	600,779	100,067
4	Incomefromcharitableactivities	Group	Group	Charity	Charity
		2022	2021	2022	2021
		£	£	£	£
	Entrancefees	143,202	96,688	143,202	96,688
	Saleofgardenproduceandplants	22,142	17,725	22,142	17,725
	Feesforhire	5,362		5,362
	Miscellaneousincome	280	2,638	280	2,638
	Scooterhire	879	17	879	17
		171,865	117,068	171,865	117,068
5	Investment income	Group	Group	Charity	Charity
		2022	2021	2022	2021
		£	£	£	£
	Rentalincome	21,853	12,699	21,853	12,699
	Incomefromquotedsecurities	5,169	4,658	5,169	4,658
	Interestincome	18	37	18	37
		27,040	17,394	27,040	17,394

6	Expenditureonraisingfunds	Group		Charity	Charity
		2022		2022	2021
		£		£	£
	Investmentmanagersfee	1,579		1,579	1,333
		1,579		1,579	1,333
7	Analysisofexpenditureandcharitableactivities	Group		Charity	Charity
		2022		2022	2021
		£		£	£
	Repairstobuildingsandgrounds	117,892		117,892	31,058
	Repairsandrunningcostofequipment	2,826		2,826	3,957
	Hireofequipment	1,686		1,686	215
	Plantsandseeds	2,919	680	2,919	680
	Rent andrates	3,337	4,546	3,337	4,546
	Heatandlight	7,170	7,441	7,170	7,441
	Consumablegardensupplies	10,851	11,619	10,851	11,619
	Wagesandsalaries	154,140	133,659	154,140	133,659
	Depreciation	33,330	32,468	33,330	32,468
	Profitondisposaloffixedassets	(5,028)		(5,028)
	Telephone	2,585	2,051	2,585	2,051
	Professionalfees	1,717	2,887	1,717	2,887
	PRandmarketing	2,458	4,723	2,458	4,723
	Insurance	2,248	2,082	2,248	2,082
	Bankcharges	369	382	366	376
	Stafftrainingandwelfare	5,647	3,819	5,647	3,819
	Sundry	20,059	9,048	20,077	9,588
	Taxation	106	103
	Governancecosts(Note8)	9,317	5,733	8,867	5,483
		373,629	256,471	373,088	256,652
8	Governancecosts	Group	Group	Charity	Charity
		2022	2021	2022	2021
			£
	Officeexpenses		183
	Independentexamination		1,500
	Professionalfees		4,050
			5,733

9	Analysisofstaffcosts	Group	Group	Charity	Charity
		2022	2021	2022	2021
		£	£	£	£
	Wagesandsalaries	150,228	118,380	150,228	127,069
	Pension	1,500	1,317	1,500	1,317
	Othercosts	2,412	2,121	2,412	2,121
		154,140	130,507	154,140	130,507

			Total		£	1,626,766	24,197	(5,032)	1,645,931		273,750	33,330	(5,032)	302,048		1,343,883	1,353,016
			Plantand	equipment	£	256,188	24,197	(5,032)	275,353		177,184	20,536	(5,032)	192,688		82,665	79,004
				Lake	£	308,460	-	-	308,460		22,283	3,746	-	26,029		282,431	286,177
			Cart	shed	£	407,429	-	-	407,429		28,658	4,948	-	33,606		373,823	378,771
			Welcome	centre	£	90,442	-	-	90,442		8,721	1,124	-	9,845		80,597	81,721
			Carpark		£	239,247	-	-	239,247		21,604	2,976	-	24,580		214,667	217,643
			Leasehold	land	£	85,000	-	-	85,000		15,300	-	-	15,300		69,700	69,700
			Freehold	land	£	240,000	-	-	240,000		-	-	-	-		240,000	240,000
Notestothefinancialstatements	Fortheyearended31March2022	10 Fixedassets- group			Cost	At1 April2021	Additions	Disposals	At31March2022	Depreciation	At1 April2021	Provisionfortheperiod	Eliminatedondisposal	At31March2022	Netbookvalue	At31March2022	At1 April2021

SpetchleyGardensCharitableTrust	Notestothefinancialstatements	Fortheyearended31March2022	ee ——————————————	11 Fixedassets- charity	Freehold Leasehold Carpark Welcome Cart Plantand Total	land land centre shed Lake equipment	Cost £ £ £ £ £ £ £	At1 April2021 240,000 85,000 239,247 407,429 308,460 256,188 1,626,766	Additions - 24,197 24,197	Disposals	At31March2022 240,000 239,247 308,460 275,353 90,442 407,429 1,645,931	Depreciation	At1 April2021 22,283 177,184 273,750	Provisionfortheperiod 3,746 20,536 33,330	Eliminatedondisposal - (5,032) (5,032)	At31March2022 26,029 192,688 302,048	Netbookvalue	At31March2022 240,000 69,700 214,667 80,597 373,823 282,431 82,665 1,343,883	At1 April2021 240,000 69,700 217,643 81,721 378,771 286,177 79,004 1,353,016

12	Fixedassetinvestments
		2022		2021
		£		£
	Unlistedinvestments
	InvestmentinSpetchleyGardensCharitableTrust	1		1
	Listedinvestments
	UK andoverseasequities:
	Marketvalueat1-April2021	244,414		169,367
	Acquisitionsatcost	27,475		28,239
	Disposalsatopeningbookvalueorcostfornewpurchases
	disposedofintheyear	(25,699)		(22,862)
	Gains/(losses)oninvestmentsat31March2022	5,957		69,670
	Marketvalueat31March2022	252,147		244,414
	Cashbalance(heldbybrokers)	5,277		8,436
	Investmentundermanagement	257,424		252,850
	Historicalcostasat31March2022
	Equitiesandfixedinterestsecurities	149,310		130,734
	Cash	5,277		8,436
		154,587		139,170
	Theamountof£252,147aboverepresentsinvestmentsquotedonrecognisedsecurities		exchange.
	UKsecurities	50,743		43,708
	Overseassecurities	201,404 _252,147	200,706 244414

13	Debtors		Group	Group	Charity	Charity
			2022	2021	2022	2021
			£	£	£	£
	Tradedebtors		377	2,301	377	2,301
	Spetchley	GardenEnterprisesLimited	-	-	488	-
	VATrecoverable		4,032	4,681	4,032	4,681
	Corporationtaxrecoverable		106	-	-	-
	Prepaymentsandaccruedincome		22,816	1,398	22,816	1,398
			27,331	8,380	27,713	8,380
14	Creditors:	amountsfallingduewithinoneyear	Group	Group	Charity	Charity
			2022	2021	2022	2021
			£	£	£	£
	Tradecreditors		19,108	17,039	19,108	17,039
	Berkeley	Settlement	11,366	83,049	11,366	83,049
	Accrualsanddeferredincome		13,563	16,244	13,563	16,244
	Othercreditors		5,396	1,317	5,396	1,317
			49,433	117,649	49,433	117,649
15	Analysisofcharitablefunds
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2022	2022	2022	2021
			£	£	£	£
	Fundsat	1April2021	1,127,670	613,101	1,740,771	1,680,272
	Incoming	resources	799,684	3,500	803,184	248,814
	Resources	expended	(356,774)	(17,893)	(374,667)	(257,985)
	Gainsand	losses	5,957	-	5,957	69,670
	Fundsat	31March2022	1,576,537	598,708	2,175,245	1,740,771

Analysisofgroupnetassetsbetween	funds
	Unrestricted	Restricted	Total
	funds	funds	funds
			2022
	£	£	£
Tangiblefixedassets	745,175	598,708	1,343,883	1,353,016
Investments	257,424	-	257,424	252,850
Netcurrentassets	573,608	-	573,608	135,116
Fundsat31March2022	1,576,207	598,708	2,174,915	1,740,982

		Unrestricted	Restricted
		funds	funds
	Notes
Incomefrom:
Donationsandlegacies Charitableactivities	BW	100,067 117,068		100,067 117,068	146,278 119,855
Othertradingactivities Investmentincome	uN	17,394		17,394	38,921 20,681
Governmentgrantincome- Furlough		14,285		14,285
Total		248,814		248,814	325,735
Expenditureon:
Raisingfunds		1,333		1,333	1,300
Charitableactivities		238,578		256,471	305,952
Total		239,911		257,804	307,252
Net(expenditure)/incomebefore
gains/(losses)oninvestments		8,903	(17,893)	(8,990)	18,483
Gains/(losses)oninvestmentassets		69,670		69,670	(25,578)
Netmovementinfunds		78,573	(17,893)	60,680	(7,095)
Totalfundsbroughtforward		1,049,308	630,994	1,680,302	1,687,397
Totalfundscarriedforward		1,127,881	613,101	1,740,982	1,680,302

		Unrestricted	Unrestricted	Restricted
			funds	funds
	Notes
Incomefrom:
Donationsandlegacies			100,067		100,067	157,178
Charitableactivities			117,068		117,068	119,855
Investmentincome			17,394		17,394	20,681
Governmentgrantincome			14,285		14,285
Total			248,814		248,814	297,714
Expenditureon:
Raisingfunds			1,333		1,333	1,300
Charitableactivities			238,759		256,652	277,259
Total			240,092		257,985	278,559
Net(expenditure)/incomebefore
gains/(losses)oninvestments			8,722	(17,893)	(9,171)	19,155
Gains/(losses)oninvestmentassets			69,670		69,670	(25,578)
Netmovementinfunds			78,392	(17,893)	60,499	(6,423)
Totalfundsbroughtforward		1,	049,278	630,994	1,680,272	1,686,695
Totalfundscarriedforward	15	1,	127,670	613,101	1,740,771	1,680,272