REGISTERED COMPANY NUMBER: 03522981 (England and Wales) REGISTERED CHARITY NUMBER: 1068784
Report of the Trustees and
Unaudited Financial Statements
For The Year Ended 31 December 2023
for
Hartpury Heritage Trust
Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
Hartpury Heritage Trust
Contents of the Financial Statements For The Year Ended 31 December 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 18 |
Hartpury Heritage Trust (Registered number: 03522981)
Report of the Trustees For The Year Ended 31 December 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To advance the education of the general public by the conservation, protection and improvement of any part of the physical and natural environment in and around the parish of Hartpury which is of historical significance.
Significant activities
The buildings and objects restored and maintained by the Trust now consist of the following: The Church of St Mary's Hartpury (in association with the Parochial Church Council) The Old Dominican Chapel, Hartpury. The Hartpury Orchard Centre (opened Autumn 2008) The Bee Shelter in Hartpury churchyard The Milestone The Perry Pear Orchard The Orchard Library
Grantmaking
The Trust contributes to the upkeep of St Mary's Parish Church Hartpury.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Review of progress and achievements:
Our Wassail made a welcome return, after its cancellation in 2022 - this continues to be popular. Later in the year, we joined in the new nationwide celebration of Blossom Day and shortly after, Mervyn Greening kindly led our Dawn Chorus walk in Keith's absence. In June we set up our usual display at the Royal Three Counties show, and in July the local branch of the CPRE visited us, for their AGM. The new building designed to house vintage cider making equipment and provide an introduction for visitors to the Centre and Nature Reserve is now finished, ready for the exhibits to be set up and the visitor display completed.
Our show season started with a Plum Day in August, answering queries and displaying a collection of local plums. This was widely welcomed as very few plum displays are held and it is certainly worth repeating, always accepting the problem of fixing a date when the plums would be ripe. A case of using Facebook to announce the date! In September, our own perry display was on a Saturday this year, due to the car rally on the Sunday. Our event was made very special by the attendance of the RHS to present Jim with the 2023 George Guthrie award for his work on the perry pear. The Malvern Show the week after could have been an anticlimax, but then our display achieved another RHS Gold. Finally, the Big Apple weekend brought an end to a rewarding season. Interspersed with these activities were the usual number of groups visiting the Orchard Centre and training sessions by Peter Mitchell and the National Gamekeepers Association.
The Old Chapel continues to be under-used, although this year income from lettings showed a welcome increase. We now have Wi-Fi connected, but this yet to be used by any of those hiring the hall. We need to promote it more. We have also eventually received planning consent for the new car park in the paddock and to proceed with the restoration of the Old Forge. Building work is scheduled to commence early in 2024.
Planning consent has also been granted for the shooting range near the Orchard Centre, which permits other quieter activities, but does not allow any increase in the 28 shooting days.
Apart from funding for the new building at the Orchard Centre, sale of publications was our top earner, closely followed by hire fees for both Old Chapel and Orchard Centre, but it is the perry pear related activities that collectively make the greatest contribution to our annual income. Our regular annual expenditure is dominated by building insurance costs - perhaps understandable for a buildings' preservation trust. The Trust also continues to make significant loans to its trading subsidiary, Orchard Guardians CIC, to assist it in extending the facilities to support our common objectives.
Investment performance
Investments are placed with the CBF Church of England Investment Funds.
Page 1
Hartpury Heritage Trust (Registered number: 03522981)
Report of the Trustees
For The Year Ended 31 December 2023
FINANCIAL REVIEW
Reserves policy
Income which is project based is utilised in meeting that project and reserves are only accumulated in the the interim until the expenditure is met.
Funds in deficit
All funds are fully funded and any deficit which arises is only short term resulting from claims against guaranteed funders which have not yet been received.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Constitution as a non profit distributing body incorporated in England and Wales and limited by guarantee.
Recruitment and appointment of new trustees
New trustees are appointed as required by the other trustees from those with an active interest in the objects of the trust.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03522981 (England and Wales)
Registered Charity number
1068784
Registered office
The Orchard Centre Blackwells End Hartpury Gloucestershire GL19 3DB
Trustees
J R Chapman Mrs H B Chapman Mrs M McGhee Mrs P Drury Mrs M Bailey S R French
Company Secretary
Mrs H B Chapman
Independent Examiner
Mark Spashett FCA Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
Page 2
Hartpury Heritage Trust (Registered number: 03522981)
Report of the Trustees
For The Year Ended 31 December 2023
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 16 May 2024 and signed on its behalf by:
J R Chapman - Trustee
Page 3
Independent Examiner's Report to the Trustees of Hartpury Heritage Trust
Independent examiner's report to the trustees of Hartpury Heritage Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mark Spashett FCA
Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
17 May 2024
Page 4
Hartpury Heritage Trust
Statement of Financial Activities For The Year Ended 31 December 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Other trading activities 3 Investment income 4 Total EXPENDITURE ON Raising funds Charitable activities 5 Orchard Perry Pear Project Church of St Mary Hartpury Restored Chapel Bee Shelter General Landfill Fund Car Park Old Forge Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) Transfers between funds 17 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 36,944 37,990 6 74,940 1,486 5,022 - 7,141 - 862 - - 126 14,637 - 60,303 6,163 66,466 158,482 224,948 |
Restricted funds £ - - 9,329 9,329 - 8,500 - 12,896 2,548 150 2,296 660 296 27,346 28,424 10,407 (6,163) 4,244 1,116,168 1,120,412 |
31.12.23 Total funds £ 36,944 37,990 9,335 84,269 1,486 13,522 - 20,037 2,548 1,012 2,296 660 422 41,983 28,424 70,710 - 70,710 1,274,650 1,345,360 |
31.12.22 Total funds £ 55,905 4,449 9,840 70,194 (4,445) 14,690 4,677 12,240 2,548 1,946 2,296 660 - 34,612 (46,340) (10,758) - (10,758) 1,285,408 1,274,650 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 5
Hartpury Heritage Trust (Registered number: 03522981)
Balance Sheet 31 December 2023
| Notes FIXED ASSETS Tangible assets 10 Heritage assets 11 Investments 12 CURRENT ASSETS Stocks 13 Debtors 14 Cash at bank CREDITORS Amounts falling due within one year 15 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 17 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted funds £ 12,476 26,347 - 38,823 18,348 163,623 5,154 187,125 (1,000) 186,125 224,948 224,948 |
Restricted funds £ 504,506 219,492 379,323 1,103,321 - 17,091 - 17,091 - 17,091 1,120,412 1,120,412 |
31.12.23 Total funds £ 516,982 245,839 379,323 1,142,144 18,348 180,714 5,154 204,216 (1,000) 203,216 1,345,360 1,345,360 224,948 1,120,412 1,345,360 |
31.12.22 Total funds £ 528,997 254,865 350,899 1,134,761 19,660 121,188 21,122 161,970 (22,081) 139,889 1,274,650 1,274,650 158,482 1,116,168 1,274,650 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company 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 company as at the end of each financial year and of its surplus or 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 company.
The notes form part of these financial statements
Page 6
continued...
Hartpury Heritage Trust (Registered number: 03522981)
Balance Sheet - continued 31 December 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 16 May 2024 and were signed on its behalf by:
J R Chapman - Trustee
The notes form part of these financial statements
Page 7
Hartpury Heritage Trust
Notes to the Financial Statements For The Year Ended 31 December 2023
1. 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 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 2019)', 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.
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.
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
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 - 2% on cost Plant and machinery - 25% on cost and 10% on cost
Heritage assets
The trust preserves two heritage assets, the Old Chapel at Hartpury which it acquired and refurbished and the Bee Shelter which has been relocated and restored.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life of 50 years.
Heritage assets - 2% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The trust is exempt from corporation tax on its charitable activities.
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.
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continued...
Hartpury Heritage Trust
Notes to the Financial Statements - continued For The Year Ended 31 December 2023
2. DONATIONS AND LEGACIES
| 2. | DONATIONS AND LEGACIES | ||
|---|---|---|---|
| 31.12.23 | 31.12.22 | ||
| £ | £ | ||
| Donations | 21,390 | 41,228 | |
| Gift aid | 15,554 | 14,677 | |
| 36,944 | 55,905 | ||
| 3. | OTHER TRADING ACTIVITIES | ||
| 31.12.23 | 31.12.22 | ||
| £ | £ | ||
| Fundraising events | 35,676 | 4,083 | |
| Hall hire | 2,314 | 366 | |
| 37,990 | 4,449 | ||
| 4. | INVESTMENT INCOME | ||
| 31.12.23 | 31.12.22 | ||
| £ | £ | ||
| Deposit account interest | 9,335 | 9,840 | |
| 5. | CHARITABLE ACTIVITIES COSTS |
| 5. | CHARITABLE ACTIVITIES COSTS | ||||||
|---|---|---|---|---|---|---|---|
| Grant | |||||||
| funding | of | ||||||
| activities | |||||||
| Direct | (see note | Support | |||||
| Costs | 6) | costs | Totals | ||||
| £ | £ | £ | £ | ||||
| Orchard Perry Pear Project | 13,522 | - | - | 13,522 | |||
| Hartpury Restored Chapel | 20,037 | - | - | 20,037 | |||
| Bee Shelter | 2,548 | - | - | 2,548 | |||
| General | 82 | 150 | 780 | 1,012 | |||
| Landfill Fund | 2,296 | - | - | 2,296 | |||
| Car Park | 660 | - | - | 660 | |||
| Old Forge | 422 | - | - | 422 | |||
| 39,567 | 150 | 780 | 40,497 | ||||
| 6. | GRANTS PAYABLE | ||||||
| 31.12.23 | 31.12.22 | ||||||
| £ | £ | ||||||
| Orchard Perry Pear Project | - | 25 | |||||
| General | 150 | - | |||||
| 150 | 25 | ||||||
| The total grants paid to institutions during the year was as follows: | |||||||
| 31.12.23 | 31.12.22 | ||||||
| £ | £ | ||||||
| Church Grant St Marys Hartpury | 150 | - |
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Hartpury Heritage Trust
Notes to the Financial Statements - continued For The Year Ended 31 December 2023
7. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.12.23 | 31.12.22 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 12,016 | 12,019 |
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Total EXPENDITURE ON Raising funds Charitable activities Orchard Perry Pear Project Church of St Mary Hartpury Restored Chapel Bee Shelter General Landfill Fund Car Park Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward |
Unrestricted funds £ 34,821 4,449 9 39,279 (4,445) 5,768 4,677 6,738 - 1,946 - - 14,684 - 24,595 8,501 33,096 125,386 |
Restricted funds £ 21,084 - 9,831 30,915 - 8,922 - 5,502 2,548 - 2,296 660 19,928 (46,340) (35,353) (8,501) (43,854) 1,160,022 |
Total funds £ 55,905 4,449 9,840 70,194 (4,445) 14,690 4,677 12,240 2,548 1,946 2,296 660 34,612 (46,340) (10,758) - (10,758) 1,285,408 |
|---|---|---|---|
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Hartpury Heritage Trust
Notes to the Financial Statements - continued For The Year Ended 31 December 2023
| 9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds funds £ £ TOTAL FUNDS CARRIED FORWARD 158,482 1,116,168 10. TANGIBLE FIXED ASSETS Freehold Plant and property machinery £ £ COST At 1 January 2023 673,550 21,865 Reclassification 1 - At 31 December 2023 673,551 21,865 DEPRECIATION At 1 January 2023 144,553 21,865 Charge for year 12,016 - At 31 December 2023 156,569 21,865 NET BOOK VALUE At 31 December 2023 516,982 - At 31 December 2022 528,997 - |
Total funds £ |
|
|---|---|---|
| 1,274,650 | ||
| Totals £ 695,415 1 695,416 166,418 12,016 178,434 516,982 528,997 |
Included in cost or valuation of land and buildings is freehold land of £86,831 (2022 - £86,831) which is not depreciated.
11. HERITAGE ASSETS
| COST LESS IMPAIRMENT At 1 January 2023 and 31 December 2023 PROVISIONS At 1 January 2023 Charge for year At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 |
Total £ 446,745 |
|---|---|
| 191,880 9,026 |
|
| 200,906 | |
| 245,839 | |
| 254,865 |
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Hartpury Heritage Trust
Notes to the Financial Statements - continued For The Year Ended 31 December 2023
12. FIXED ASSET INVESTMENTS
| Shares in group Unlisted undertakings investments £ £ COST LESS IMPAIRMENT At 1 January 2023 17,921 332,978 Revaluations - 28,424 At 31 December 2023 17,921 361,402 NET BOOK VALUE At 31 December 2023 17,921 361,402 At 31 December 2022 17,921 332,978 |
Totals £ 350,899 28,424 |
|---|---|
| 379,323 | |
| 379,323 | |
| 350,899 |
There were no investment assets held outside the UK.
The Trust holds the following unlisted investments:-
| Shares | Original | Market | Market |
|---|---|---|---|
| held | cost | value | value |
| 31.12.2023 | 31.12.23 | 31.12.22 | |
| £ | £ | £ | |
| CBF C of E Investment Fund 11,598.84 |
113,781 | 262,195 | 239,468 |
| CBF C of E Fixed Interest Securities Fund 63,392.99 |
106,272 | 91,761 | 86,601 |
| CBF C of E Investment Fund 172.34 |
1,731 | 3,896 | 3,558 |
| CBF C of E Fixed Interest Securities Fund 2,452.34 |
4,129 | 3,550 | 3,350 |
| 225,913 | 361,402 | 332,977 | |
The investments were originally received from Hartpury Parochial Church Council as donations which included restrictions on the utilisation of the money for the maintenance of the Church and Churchyard and its buildings.
In 2016, the company purchased one share (33.33%) in Orchard guardians CIC (formerly Hartpury Orchards Limited) which was acquired at one third of its balance sheet value £17,921. A further 33.33% was acquired by gift on 01/02/2021 making it a subsidiary. The value of this gift is shown as £nil based on the balance sheet values and the social investment policy.
The company's investments at the balance sheet date in the share capital of companies include the following:
Orchard Guardians CIC
Registered office: United Kingdom Nature of business: Orchard services
| Orchard Guardians CIC Registered office: United Kingdom Nature of business: Orchard services |
|||
|---|---|---|---|
| % | |||
| Class of share: | holding | ||
| Ordinary | 67 | ||
| 31.12.23 | 31.12.22 | ||
| £ | £ | ||
| Aggregate capital and reserves | 10,533 | 8,514 | |
| Loss for the period | (19,047) | (17,383) |
Page 12
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Hartpury Heritage Trust
Notes to the Financial Statements - continued For The Year Ended 31 December 2023
12. FIXED ASSET INVESTMENTS - continued
No impairment of this investment is necessary as the company is supported by an individual who has expressed his intention not to seek repayment of monies owed to him.
13.
STOCKS
| 13. | STOCKS | ||
|---|---|---|---|
| 31.12.23 | 31.12.22 | ||
| £ | £ | ||
| Stocks | 18,348 | 19,660 | |
| 14. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.12.23 | 31.12.22 | ||
| £ | £ | ||
| Amounts owed by group undertakings | 167,001 | 108,000 | |
| Prepayments and accrued income | 13,713 | 13,188 | |
| 180,714 | 121,188 | ||
| 15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.12.23 | 31.12.22 | ||
| £ | £ | ||
| Bank loans and overdrafts (see note 16) | - | 21,084 | |
| Accrued expenses | 1,000 | 997 | |
| 1,000 | 22,081 | ||
| 16. | LOANS | ||
| An analysis of the maturity of loans is given below: | |||
| 31.12.23 | 31.12.22 | ||
| £ | £ | ||
| Amounts falling due within one year on demand: | |||
| Bank overdrafts | - | 21,084 |
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Hartpury Heritage Trust
Notes to the Financial Statements - continued For The Year Ended 31 December 2023
17. MOVEMENT IN FUNDS
| At 1.1.23 £ Unrestricted funds General fund 158,482 Restricted funds Churchyard Investments 6,909 Church of St Mary Investments 326,069 Orchard Cohort Project 374,814 Bee Shelter 78,972 Hartpury Restored Chapel 148,570 Landfill Communities Fund 96,414 Churchyard Income 511 Church of St Mary Income 14,796 Orchard Guardians CIC 17,921 Car Park 30,529 The Old Forge 20,663 1,116,168 TOTAL FUNDS 1,274,650 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 74,940 Restricted funds Churchyard Investments - Church of St Mary Investments - Orchard Cohort Project 1 Bee Shelter - Hartpury Restored Chapel - Landfill Communities Fund - Churchyard Income 183 Church of St Mary Income 9,145 Car Park - The Old Forge - 9,329 TOTAL FUNDS 84,269 |
Net movement in funds £ 60,303 537 27,887 (8,499) (2,548) (5,502) (2,296) 183 1,601 - (660) (296) 10,407 70,710 Resources expended £ (14,637) - - (8,500) (2,548) (5,502) (2,296) - (7,544) (660) (296) (27,346) (41,983) |
Transfers between funds £ 6,163 - - - - - - - - - - (6,163) (6,163) - Gains and losses £ - 537 27,887 - - - - - - - - 28,424 28,424 |
At 31.12.23 £ 224,948 7,446 353,956 366,315 76,424 143,068 94,118 694 16,397 17,921 29,869 14,204 1,120,412 1,345,360 Movement in funds £ 60,303 537 27,887 (8,499) (2,548) (5,502) (2,296) 183 1,601 (660) (296) 10,407 70,710 |
|---|---|---|---|
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Hartpury Heritage Trust
Notes to the Financial Statements - continued For The Year Ended 31 December 2023
17. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Churchyard Investments Church of St Mary Investments Orchard Cohort Project Bee Shelter Hartpury Restored Chapel Landfill Communities Fund Churchyard Income Church of St Mary Income Orchard Guardians CIC Car Park The Old Forge TOTAL FUNDS |
At 1.1.22 £ 125,386 7,905 371,413 383,314 81,520 154,072 98,709 308 13,671 17,921 31,189 - 1,160,022 1,285,408 |
Net movement in funds £ 24,595 (996) (45,344) (8,500) (2,548) (5,502) (2,295) 203 9,626 - (660) 20,663 (35,353) (10,758) |
Transfers between funds £ 8,501 - - - - - - - (8,501) - - - (8,501) - |
At 31.12.22 £ 158,482 6,909 326,069 374,814 78,972 148,570 96,414 511 14,796 17,921 30,529 20,663 |
|---|---|---|---|---|
| 1,116,168 | ||||
| 1,274,650 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 39,279 | (14,684) | - | 24,595 |
| Restricted funds | ||||
| Churchyard Investments | - | - | (996) | (996) |
| Church of St Mary Investments | - | - | (45,344) | (45,344) |
| Orchard Cohort Project | - | (8,500) | - | (8,500) |
| Bee Shelter | - | (2,548) | - | (2,548) |
| Hartpury Restored Chapel | - | (5,502) | - | (5,502) |
| Landfill Communities Fund | 1 | (2,296) | - | (2,295) |
| Churchyard Income | 203 | - | - | 203 |
| Church of St Mary Income | 9,626 | - | - | 9,626 |
| Car Park | - | (660) | - | (660) |
| The Old Forge | 21,085 | (422) | - | 20,663 |
| 30,915 | (19,928) | (46,340) | (35,353) | |
| TOTAL FUNDS | 70,194 | (34,612) | (46,340) | (10,758) |
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Hartpury Heritage Trust
Notes to the Financial Statements - continued For The Year Ended 31 December 2023
17. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Churchyard Investments Church of St Mary Investments Orchard Cohort Project Bee Shelter Hartpury Restored Chapel Landfill Communities Fund Churchyard Income Church of St Mary Income Orchard Guardians CIC Car Park The Old Forge TOTAL FUNDS |
At 1.1.22 £ 125,386 7,905 371,413 383,314 81,520 154,072 98,709 308 13,671 17,921 31,189 - 1,160,022 1,285,408 |
Net movement in funds £ 84,898 (459) (17,457) (16,999) (5,096) (11,004) (4,591) 386 11,227 - (1,320) 20,367 (24,946) 59,952 |
Transfers between funds £ 14,664 - - - - - - - (8,501) - - (6,163) (14,664) - |
At 31.12.23 £ 224,948 7,446 353,956 366,315 76,424 143,068 94,118 694 16,397 17,921 29,869 14,204 |
|---|---|---|---|---|
| 1,120,412 | ||||
| 1,345,360 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 114,219 | (29,321) | - | 84,898 |
| Restricted funds | ||||
| Churchyard Investments | - | - | (459) | (459) |
| Church of St Mary Investments | - | - | (17,457) | (17,457) |
| Orchard Cohort Project | 1 | (17,000) | - | (16,999) |
| Bee Shelter | - | (5,096) | - | (5,096) |
| Hartpury Restored Chapel | - | (11,004) | - | (11,004) |
| Landfill Communities Fund | 1 | (4,592) | - | (4,591) |
| Churchyard Income | 386 | - | - | 386 |
| Church of St Mary Income | 18,771 | (7,544) | - | 11,227 |
| Car Park | - | (1,320) | - | (1,320) |
| The Old Forge | 21,085 | (718) | - | 20,367 |
| 40,244 | (47,274) | (17,916) | (24,946) | |
| TOTAL FUNDS | 154,463 | (76,595) | (17,916) | 59,952 |
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Hartpury Heritage Trust
Notes to the Financial Statements - continued For The Year Ended 31 December 2023
17. MOVEMENT IN FUNDS - continued
Transfers between funds
The restricted fund representing the cost of the Old Forge less depreciation has been reduced by £6,163 to reflect expenditure made by the trust from the General Fund.
18. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
19. RESTRICTED FUNDS
Restricted funds consist of the following funded projects and reserves:
Churchyard: The investments donated by the Church Council of St Mary's Hartpury to preserve and maintain the Church yard
Church of St Mary's: Investments donated by the Church council to be used to maintain the fabric of St Mary's Church
Hartpury Orchard Centre: Funds donated to acquire land to grow historical varieties of pear trees and to construct a Centre to promulgate the produce.
Bee Shelter: Funds donated to relocate and restore the unique bee shelter in the grounds of Hartpury Church.
The Old Chapel: The funds donated to refurbish the former Dominican Chapel in Hartpury.
GOG project: Gloucestershire Orchard Group are being funded to establish a rural training centre.
Landfill Communities Fund: The original grant donated by the Gloucestershire Environmental Trust was to enable DNA research work on the perry pear collection to be continued and the publication of Charles Martell's definitive perry pear manual as well as a full programme of orchard related activities.This has been published and transferred to general stock.
The fund also gave a grant to construct a library and office which is now built and the fund balance represents the property value.
Heritage Lottery Fund: Grant was donated for the same purposes as the Landfill Communities Fund above.
There were specific funds received towards the acquisition of land upon which could be constructed a car park for use by the Church and the Old Chapel.
The Old Forge
The trustees have purchased the Old Forge adjoining the other buildings with a view to its preservation and its adaptation to enhance the other facilities on the site.
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Hartpury Heritage Trust
Notes to the Financial Statements - continued For The Year Ended 31 December 2023
20. LIMITED LIABILITY
The Trust is a limited liability company incorporated in England and Wales. Its liability is limited to the guarantee of its current members and any members of the previous year subject to a limit of £1 per member.
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