**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: 

1. 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 

3. 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 

4. 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<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>2<br>Other trading activities<br>3<br>Investment income<br>4<br>**Total**<br>**EXPENDITURE ON**<br>Raising funds<br>**Charitable activities**<br>5<br>Orchard Perry Pear Project<br>Church of St Mary<br>Hartpury Restored Chapel<br>Bee Shelter<br>General<br>Landfill Fund<br>Car Park<br>Old Forge<br>**Total**<br>Net gains/(losses) on investments<br>**NET INCOME/(EXPENDITURE)**<br>**Transfers between funds**<br>17<br>**Net movement in funds**<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>**TOTAL FUNDS CARRIED FORWARD**|Unrestricted<br>funds<br>£<br>36,944<br>37,990<br>6<br>74,940<br>1,486<br>5,022<br>-<br>7,141<br>-<br>862<br>-<br>-<br>126<br>14,637<br>-<br>60,303<br>6,163<br>66,466<br>158,482<br>224,948|Restricted<br>funds<br>£<br>-<br>-<br>9,329<br>9,329<br>-<br>8,500<br>-<br>12,896<br>2,548<br>150<br>2,296<br>660<br>296<br>27,346<br>28,424<br>10,407<br>(6,163)<br>4,244<br>1,116,168<br>1,120,412|31.12.23<br>Total<br>funds<br>£<br>36,944<br>37,990<br>9,335<br>84,269<br>1,486<br>13,522<br>-<br>20,037<br>2,548<br>1,012<br>2,296<br>660<br>422<br>41,983<br>28,424<br>70,710<br>-<br>70,710<br>1,274,650<br>1,345,360|31.12.22<br>Total<br>funds<br>£<br>55,905<br>4,449<br>9,840<br>70,194<br>(4,445)<br>14,690<br>4,677<br>12,240<br>2,548<br>1,946<br>2,296<br>660<br>-<br>34,612<br>(46,340)<br>(10,758)<br>-<br>(10,758)<br>1,285,408<br>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<br>**FIXED ASSETS**<br>Tangible assets<br>10<br>Heritage assets<br>11<br>Investments<br>12<br>**CURRENT ASSETS**<br>Stocks<br>13<br>Debtors<br>14<br>Cash at bank<br>**CREDITORS**<br>Amounts falling due within one year<br>15<br>**NET CURRENT ASSETS**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**NET ASSETS**<br>**FUNDS**<br>17<br>Unrestricted funds<br>Restricted funds<br>**TOTAL FUNDS**|Unrestricted<br>funds<br>£<br>12,476<br>26,347<br>-<br>38,823<br>18,348<br>163,623<br>5,154<br>187,125<br>(1,000)<br>186,125<br>224,948<br>224,948|Restricted<br>funds<br>£<br>504,506<br>219,492<br>379,323<br>1,103,321<br>-<br>17,091<br>-<br>17,091<br>-<br>17,091<br>1,120,412<br>1,120,412|31.12.23<br>Total<br>funds<br>£<br>516,982<br>245,839<br>379,323<br>1,142,144<br>18,348<br>180,714<br>5,154<br>204,216<br>(1,000)<br>203,216<br>1,345,360<br>1,345,360<br>224,948<br>1,120,412<br>1,345,360|31.12.22<br>Total<br>funds<br>£<br>528,997<br>254,865<br>350,899<br>1,134,761<br>19,660<br>121,188<br>21,122<br>161,970<br>(22,081)<br>139,889<br>1,274,650<br>1,274,650<br>158,482<br>1,116,168<br>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. 

Page 8 

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|-|



Page 9 

continued... 



## **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**<br>Donations and legacies<br>Other trading activities<br>Investment income<br>**Total**<br>**EXPENDITURE ON**<br>Raising funds<br>**Charitable activities**<br>Orchard Perry Pear Project<br>Church of St Mary<br>Hartpury Restored Chapel<br>Bee Shelter<br>General<br>Landfill Fund<br>Car Park<br>**Total**<br>Net gains/(losses) on investments<br>**NET INCOME/(EXPENDITURE)**<br>**Transfers between funds**<br>**Net movement in funds**<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward|Unrestricted<br>funds<br>£<br>34,821<br>4,449<br>9<br>39,279<br>(4,445)<br>5,768<br>4,677<br>6,738<br>-<br>1,946<br>-<br>-<br>14,684<br>-<br>24,595<br>8,501<br>33,096<br>125,386|Restricted<br>funds<br>£<br>21,084<br>-<br>9,831<br>30,915<br>-<br>8,922<br>-<br>5,502<br>2,548<br>-<br>2,296<br>660<br>19,928<br>(46,340)<br>(35,353)<br>(8,501)<br>(43,854)<br>1,160,022|Total<br>funds<br>£<br>55,905<br>4,449<br>9,840<br>70,194<br>(4,445)<br>14,690<br>4,677<br>12,240<br>2,548<br>1,946<br>2,296<br>660<br>34,612<br>(46,340)<br>(10,758)<br>-<br>(10,758)<br>1,285,408|
|---|---|---|---|



Page 10 

continued... 



## **Hartpury Heritage Trust** 

## **Notes to the Financial Statements - continued For The Year Ended 31 December 2023** 

|**9.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**<br>Unrestricted<br>Restricted<br>funds<br>funds<br>£<br>£<br>**TOTAL FUNDS CARRIED FORWARD**<br>158,482<br>1,116,168<br>**10.**<br>**TANGIBLE FIXED ASSETS**<br>Freehold<br>Plant and<br>property<br>machinery<br>£<br>£<br>**COST**<br>At 1 January 2023<br>673,550<br>21,865<br>Reclassification<br>1<br>-<br>At 31 December 2023<br>673,551<br>21,865<br>**DEPRECIATION**<br>At 1 January 2023<br>144,553<br>21,865<br>Charge for year<br>12,016<br>-<br>At 31 December 2023<br>156,569<br>21,865<br>**NET BOOK VALUE**<br>At 31 December 2023<br>516,982<br>-<br>At 31 December 2022<br>528,997<br>-||Total<br>funds<br>£|
|---|---|---|
|||1,274,650|
|||Totals<br>£<br>695,415<br>1<br>695,416<br>166,418<br>12,016<br>178,434<br>516,982<br>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**<br>At 1 January 2023 and 31 December 2023<br>**PROVISIONS**<br>At 1 January 2023<br>Charge for year<br>At 31 December 2023<br>**NET BOOK VALUE**<br>At 31 December 2023<br>At 31 December 2022|Total<br>£<br>446,745|
|---|---|
||191,880<br>9,026|
||200,906|
||245,839|
||254,865|



Page 11 

continued... 



## **Hartpury Heritage Trust** 

## **Notes to the Financial Statements - continued For The Year Ended 31 December 2023** 

## **12. FIXED ASSET INVESTMENTS** 

|Shares in<br>group<br>Unlisted<br>undertakings<br>investments<br>£<br>£<br>**COST LESS IMPAIRMENT**<br>At 1 January 2023<br>17,921<br>332,978<br>Revaluations<br>-<br>28,424<br>At 31 December 2023<br>17,921<br>361,402<br>**NET BOOK VALUE**<br>At 31 December 2023<br>17,921<br>361,402<br>At 31 December 2022<br>17,921<br>332,978|Totals<br>£<br>350,899<br>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<br>11,598.84|113,781|262,195|239,468|
|CBF C of E Fixed Interest Securities<br>Fund<br>63,392.99|106,272|91,761|86,601|
|CBF C of E Investment Fund<br>172.34|1,731|3,896|3,558|
|CBF C of E Fixed Interest Securities<br>Fund<br>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**<br>Registered office: United Kingdom<br>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 

continued... 



## **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|



Page 13 

continued... 



## **Hartpury Heritage Trust** 

## **Notes to the Financial Statements - continued For The Year Ended 31 December 2023** 

## **17. MOVEMENT IN FUNDS** 

|At 1.1.23<br>£<br>**Unrestricted funds**<br>General fund<br>158,482<br>**Restricted funds**<br>Churchyard Investments<br>6,909<br>Church of St Mary Investments<br>326,069<br>Orchard Cohort Project<br>374,814<br>Bee Shelter<br>78,972<br>Hartpury Restored Chapel<br>148,570<br>Landfill Communities Fund<br>96,414<br>Churchyard Income<br>511<br>Church of St Mary Income<br>14,796<br>Orchard Guardians CIC<br>17,921<br>Car Park<br>30,529<br>The Old Forge<br>20,663<br>1,116,168<br>**TOTAL FUNDS**<br>1,274,650<br>Net movement in funds, included in the above are as follows:<br>Incoming<br>resources<br>£<br>**Unrestricted funds**<br>General fund<br>74,940<br>**Restricted funds**<br>Churchyard Investments<br>-<br>Church of St Mary Investments<br>-<br>Orchard Cohort Project<br>1<br>Bee Shelter<br>-<br>Hartpury Restored Chapel<br>-<br>Landfill Communities Fund<br>-<br>Churchyard Income<br>183<br>Church of St Mary Income<br>9,145<br>Car Park<br>-<br>The Old Forge<br>-<br>9,329<br>**TOTAL FUNDS**<br>84,269|Net<br>movement<br>in funds<br>£<br>60,303<br>537<br>27,887<br>(8,499)<br>(2,548)<br>(5,502)<br>(2,296)<br>183<br>1,601<br>-<br>(660)<br>(296)<br>10,407<br>70,710<br>Resources<br>expended<br>£<br>(14,637)<br>-<br>-<br>(8,500)<br>(2,548)<br>(5,502)<br>(2,296)<br>-<br>(7,544)<br>(660)<br>(296)<br>(27,346)<br>(41,983)|Transfers<br>between<br>funds<br>£<br>6,163<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>(6,163)<br>(6,163)<br>-<br>Gains and<br>losses<br>£<br>-<br>537<br>27,887<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>28,424<br>28,424|At<br>31.12.23<br>£<br>224,948<br>7,446<br>353,956<br>366,315<br>76,424<br>143,068<br>94,118<br>694<br>16,397<br>17,921<br>29,869<br>14,204<br>1,120,412<br>1,345,360<br>Movement<br>in funds<br>£<br>60,303<br>537<br>27,887<br>(8,499)<br>(2,548)<br>(5,502)<br>(2,296)<br>183<br>1,601<br>(660)<br>(296)<br>10,407<br>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**<br>General fund<br>**Restricted funds**<br>Churchyard Investments<br>Church of St Mary Investments<br>Orchard Cohort Project<br>Bee Shelter<br>Hartpury Restored Chapel<br>Landfill Communities Fund<br>Churchyard Income<br>Church of St Mary Income<br>Orchard Guardians CIC<br>Car Park<br>The Old Forge<br>**TOTAL FUNDS**|At 1.1.22<br>£<br>125,386<br>7,905<br>371,413<br>383,314<br>81,520<br>154,072<br>98,709<br>308<br>13,671<br>17,921<br>31,189<br>-<br>1,160,022<br>1,285,408|Net<br>movement<br>in funds<br>£<br>24,595<br>(996)<br>(45,344)<br>(8,500)<br>(2,548)<br>(5,502)<br>(2,295)<br>203<br>9,626<br>-<br>(660)<br>20,663<br>(35,353)<br>(10,758)|Transfers<br>between<br>funds<br>£<br>8,501<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>(8,501)<br>-<br>-<br>-<br>(8,501)<br>-|At<br>31.12.22<br>£<br>158,482<br>6,909<br>326,069<br>374,814<br>78,972<br>148,570<br>96,414<br>511<br>14,796<br>17,921<br>30,529<br>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**<br>General fund<br>**Restricted funds**<br>Churchyard Investments<br>Church of St Mary Investments<br>Orchard Cohort Project<br>Bee Shelter<br>Hartpury Restored Chapel<br>Landfill Communities Fund<br>Churchyard Income<br>Church of St Mary Income<br>Orchard Guardians CIC<br>Car Park<br>The Old Forge<br>**TOTAL FUNDS**|At 1.1.22<br>£<br>125,386<br>7,905<br>371,413<br>383,314<br>81,520<br>154,072<br>98,709<br>308<br>13,671<br>17,921<br>31,189<br>-<br>1,160,022<br>1,285,408|Net<br>movement<br>in funds<br>£<br>84,898<br>(459)<br>(17,457)<br>(16,999)<br>(5,096)<br>(11,004)<br>(4,591)<br>386<br>11,227<br>-<br>(1,320)<br>20,367<br>(24,946)<br>59,952|Transfers<br>between<br>funds<br>£<br>14,664<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>(8,501)<br>-<br>-<br>(6,163)<br>(14,664)<br>-|At<br>31.12.23<br>£<br>224,948<br>7,446<br>353,956<br>366,315<br>76,424<br>143,068<br>94,118<br>694<br>16,397<br>17,921<br>29,869<br>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. 

Page 17 

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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. 

Page 18