2022-03-31-accounts

	Page
ReferenceandadministrativedetailsoftheCompany,itsTrusteesandadvisers	1
Trustees'report	2-18
Independentauditors'reportonthefinancialstatements	19-22
Consolidatedstatementoffinancialactivities	23
Consolidatedbalancesheet	24-25
Companybalancesheet	26-27
Consolidatedstatementofcashflows	28
Notestothefinancialstatements	29-56

Trustees	PJ Faulkner
	MsD J Hassall
	GJohnston
	RWallace
	JC Thelwall
	RJ CalvertOBE
	RG Ellis
	CS Austin
	SWilliams
	S IG Dixon
Companyregistered
number	03462405
Charityregistered
number	1069229
Registeredoffice	TheForestCentre,MartsonMoretaine
	Bedford
	MK43OPR
Companysecretary	JRussellandG Sorrell
Chiefexecutiveofficer	JRussellandG Sorrell
Independentauditors	HillierHopkinsLLP
	CharteredAccountants
	StatutoryAuditor
	249SilburyBoulevard
	MiltonKeynes
	MK91NA
Bankers	NationalWestminsterBankpic
	NationalWestminsterHouse
	TrinityGardens
	9-11BromhamRoad
	Bedford
	MK402UQ
Solicitors	WoodfinesLLP
	6BedfordRoad
	Sandy
	Beds
	SG191EN

Fund	Purposeoffund	Objective	Risk
	Cash buffer resene for
	emergencies.
GeneralPurpose		Maximiseihcome& capitalvalue	Lower-mediumrisk
	Ongoingincomemeetsdayto	.
	expenses.
CapitalProjects	Capitalexpenditureplansfor thenext1-5years	Matchtimehorizonof1^5years	Lower-mediumrisk
	Meetingthecosts' incurredin	Maintainand;growthe{capital
SpecificUse(restricted funds)	establishingwoodlandsand maintainingthemfor25years	valueoftheserestrictedfunds, £60,000annualrequirementfrom	Mediumrisk
	frominception	year3 onwards
Woodland Endowment (designatedfund)	Toprovideanihcometohelp maintainwoodlandsafterthe expirationoftheinitial25year establishmentperiod	Tomaintain-andgrowthecapital valueofthislong-termftihdto achievea capitalvalueOf£1 millionovertenyears(2028)	lyieejjgrnrisk

	Long-term
Investment	asset	Ranges	Benchmarkindices
	allocation(%)
fixedincome	..17.5	10-30
UKgovernmentbonds	12.0		FTSEActuariesAllStockGilts
UKcorporatebonds	5.5		ICEBdfAMLSterlingCorporateBonds
Totalequities	70.0	50- 75
UK	.35.0		FTSEAllShare
Overseas	35.0		FTSEAllWorldexUK
			50%FTSEActuariesUKConventionalGilts
Alternatives-	- 10.0	0-20.
			uptofiveyears/ 50%FTSEAllShare
Cash	2.5	0-15	UKinterbank1 week

Investment	Long-termasset allocation(%)	Long-termasset allocation(%)	Long-termasset allocation(%)	Ranges	Benchmarkindices
Fixedincome	.	35.0	.15-45		FTSEActuariesAllStockGilts
Totalequities		40.0
UK	‘.:	,26.0		Minimum15	FTSEAllShare
Oxerseas		15.0		Minimum5	FTSEAllWorldexUK
Altematixes		20.0		0-30	Customalternativesbenchmark*
Cash		5.0		0-20	UKinterbank1 week

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2022	2022	2022	2021
	Note	£	£	£	£
Incomefrom:
Donationsandlegacies	4	525,861		525,861	369,354
Charitableactivities	5		1,276,374	1,276,374	354,989
Othertradingactivities	6	1,079,357		1,079,357	583,824
Investments	7	12,572	61,764	74,336	72,342
Otherincome	8	41,225		41,225	127,655
Totalincome		1,659,015	1,338,138	2,997,153	1,508,164
Expenditureon:
Raisingfunds	9	850,325	829	851,154	541,573
Charitableactivities	10	503,304	809,639	1,312,943	1,024,039
Totalexpenditure		1,353,629	810,468	2,164,097	1,565,612
Netincome/(expenditure)beforenet
gainsoninvestments		305,386	527,670	833,056	(57,448)
Netgainsoninvestments		50,873	160,251	211,124	729,568
Netmovementinfundsbeforeother
recognisedgains/(losses)		356,259	687,921	1,044,180	672,120
Otherrecognisedgains/(losses):
Actuariallossesondefinedbenefit
pensionschemes	29	(63,750)		(63,750)
Netmovementinfunds		292,509	687,921	980,430	672,120
Reconciliationoffunds:
Totalfundsbroughtfonward		3,038,179	12,185,161	15,223,340	14,551,220
Netmovementinfunds		292,509	687,921	980,430	672,120
Totalfundscarriedforward		3,330,688	12,873,082	16,203,770	15,223,340

	CONSOLIDATEDBALANCESHEET	CONSOLIDATEDBALANCESHEET
	ASAT31MARCH2022
		2022		2021
	Note	£		£
Fixedassets
Tangibleassets	16	10,275,709		10,127,534
Investments	17	4,452,779		4,278,151
		14,728,488		14,405,685
Currentassets
Stocks	18	24,707	26,285
Debtors	19	855,181	208,609
Cashatbankandinhand		1,087,254	944,314
		1,967,142	1,179,208
Creditors:amountsfallingduewithin	one
year	20	(416,672)	(334,368)
Netcurrentassets		1,550,470		844,840
Totalassetslesscurrentliabilities		16,278,958		15,250,525
Creditors:amountsfallingdueaftermore
thanoneyear	21	(1.855)		(15,208)
Provisionsforliabilities	22	11,668		(11,977)
Definedbenefitpensionschemeliability/
asset	29	(85,000)
Totalnetassets		16,203,771		15,223,340
Charityfunds
Restrictedfunds	23	12,873,082		12,185,161
Unrestrictedfunds	23	3,330,689		3,038,179
Totalfunds		16,203,771		15,223,340

	COMPANYBALANCESHEET	COMPANYBALANCESHEET
	ASAT31	MARCH2022
		2022		2021
	Note	£		£
Fixedassets
Tangibleassets	16	10,225,276		10,064,494
Investments	-17	4,452,781		4,278,153
		14,678,057		14,342,647
Currentassets
Debtors	19	1,226,585	350,841
Cashatbankandinhand		972,349	826,660
		2,198,934	1,177,501
Creditors:amountsfallingdue\A/ithin	one
year	20	(478,093)	(239,555)
Netcurrentassets		1,720,841		937,946
Totalassetslesscurrentliabilities		16,398,898		15,280,593
Totalnetassets		16,398,898		15,280,593
Charityfunds
Restrictedfunds	23	12,873,082		12,185,161
Unrestrictedfunds
Designatedfunds	23	807,249	807,249
Generalfunds	23	2,718,567	2,288,183
Totalunrestrictedfunds	23	3,525,816		3,095,432
Totalfunds		16,398,898		15,280,593

	2022	2021
	£	£
Cashflowsfromoperatingactivities
Netcashusedinoperatingactivities	334,762	201,742
Cashflowsfrominvestingactivities
Dividends,interestsandrentsfrominvestments	12,571	12,225
Proceedsfromthesaleoftangiblefixedassets	50	208
Purchaseoftangiblefixedassets	(240,969)	(65,619)
Proceedsfromsaleofinvestments	306,502	1,344,003
Purchaseofinvestments	(269,976)	(1,333,877)
Netcashusedininvestingactivities	(191,822)	(43,060)
Changeincashandcashequivalentsintheyear	142,940	158,682
Cashandcashequivalentsatthebeginningoftheyear	944,314	785,632
Cashandcashequivalentsattheendoftheyear	1,087,254	944,314
Thenotesonpages29to56formpartofthesefinancialstatements

			Unrestricted	Total
			funds	funds
			2022	2022
			£	£
	Donations		525,861	525,861
			Unrestricted	Total
			funds	funds
			2021	2021
			£	£
	Donations		369,354	369,354
5.	Incomefromcharitableactivities
			Restricted	Total
			funds	funds
			2022	2022
			£	£
	Creationofcommunitywoodland		1,276,374	1,276,374
		Unrestricted	Restricted	Total
		funds	funds	funds
		2021	2021	2021
		£	£	£
	Creationofcommunitywoodland	13,695	341,294	354,989

	Unrestricted	Total
	funds	funds
	2022	2022
	£	£
Royaltiesandrentsreceivablefromtheextractionofmineralsunderlicence
fees	80,665	80,665
Miscellaneousincome	1,905	1,905
Windturbineincome	52,942	52,942
	135,512	135,512
	Unrestricted	Total
	funds	funds
	2021	2021
	£	£
Royaltiesandrentsreceivablefromtheextractionofmineralsunderlicence
fees	179,914	179,914
Miscellaneousincome	367	367
Windturbineincome	54,089	54,089
	234,370	234,370
Incomefromnoncharitabletradingactivities
	Unrestricted	Total
	funds	funds
	2022	2022
	£	£
MarstonValeServicestradingasTheForestCentreLimited	579,736	579,736
MarstonValeFarmsLimited	364,109	364,109
	943,845	943,845

		Unrestricted	Total
		funds	funds
		2021	2021
		£	£
MarstonValeServicestradingasTheForestCentreLimited		227,503	227,503
MarstonValeFarmsLimited		121,951	121,951
		349,454	349,454
Investmentincome
	Unrestricted	Restricted	Totai
	funds	funds	funds
	2022	2022	2022
	£	£	£
Rentsreceivedandlicencefees	12,500		12,500
Investmentincomeforcharity	72	61,764	61,836
	12,572	61,764	74,336
	Unrestricted	Restricted	Total
	funds	funds	funds
	2021	2021	2021
	£	£	£
Rentsreceivedandlicencefees	12,000		12,000
Subsidiariesbankinterest	1		1
Investmentincomeforcharity	224	60,117	60,341
	12,225	60,117	72,342

	Unrestricted	Total
	funds	funds
	2022	2022
	£	£
Governmentgrantsreceivable	41,225	41,225
	Unrestricted	Total
	funds	funds
	2021	2021
	£	£
Governmentgrantsreceivable	127,655	127,655

	Unrestricted	Restricted	Total
	funds	funds	funds
	2022	2022	2022
	£	£	£
Othercosts	90,725	829	91,554
Wagesandsalaries	25,656		25,656
NationalInsurancecosts	2,124		2,124
	118,505	829	119,334

	Unrestricted	Total
	funds	funds
	2021	2021
	£	£
Othercosts	52,987	52,987
Wagesandsalaries	19,407	19,407
NationalInsurancecosts	2,077	2,077
	74,471	74,471
Othertradingexpenses
	Unrestricted	Total
	funds	funds
	2022	2022
	£	£
MarstonValeServicestradingasTheForestCentreLimitedcosts	271,394	271,394
MarstonValeFarmsLimitedcosts	45,662	45,662
Subsidiarystaffcosts	402,155	402,155
Subsidiarydepreciation	12,609	12,609
	731,820	731,820

		Unrestricted	Total
		funds	funds
		2021	2021
		£	£
MarstonValeServicestradingasTheForestCentreLimitedcosts		106,929	106,929
MarstonValeFarmsLimitedcosts		8,717	8,717
Subsidiarystaffcosts		335,696	335,696
Subsidiarydepreciation		15,760	15,760
		467,102	467,102
Analysisofexpenditureoncharitableactivities
Summarybyfundtype
	Unrestricted	Restricted
	funds	funds	Total
	2022	2022	2022
	£	£	£
Creationofcommunitywoodland	503,304	809,639	1,312,943
	Unrestricted	Restricted
	funds	funds	Total
	2021	2021	2021
	£	£	£
Creationofcommunitywoodland	626,293	397,746	1,024,039

	Staffcosts	Depreciation	Othercosts	Total
	2022	2022	2022	2022
	£	£	£	£
Creationofcommunitywoodland	302,668	80,132	930,143	1,312,943
	Staffcosts	Depreciation	Othercosts	Total
	2021	2021	2021	2021
	£	£	£	£
Creationofcommunitywoodland	364,216	83,737	576,086	1,024,039
Analysisofexpenditurebyactivities
		Activities
		undertaken	Support	Total
		directly	costs	funds
		2022	2022	2022
		£	£	£
Creationofcommunitywoodland		1,252,056	60,887	1,312,943
		Activities
		undertaken	Support	Total
		directly	costs	funds
		2021	2021	2021
		£	£	£
Creationofcommunitywoodland		959,377	64,662	1,024,039

	Creationof
	community	Total
	woodland	funds
	2022	2022
	£	£
Staffcosts	268,455	268,455
Depreciation	80,132	80,132
Grants,treesponsorshipandsimilarincomingresources	903,469	903,469
	1,252,056	1,252,056
	Creationof
	community	Total
	woodiand	funds
	2021	2021
	£	£
Staffcosts	330,377	330,377
Depreciation	83,737	83,737
Grants,treesponsorshipandsimilarincomingresources	545,263	545,263
	959,377	959,377
Analysisofsupportcosts
	Creationof
	community	Total
	woodland	funds
	2022	2022
	£	£
Governancecosts	60,887	60,887

	Creationof
	community	Total
	woodiand	funds
	2021	2021
	£	£
Governancecosts	64,662	64,662

	Group	Group	Company	Company
	2022	2027	2022	2021
	£	£	£	£
Wagesandsalaries	662,910	618,550	281,942	288,765
Socialsecuritycosts	44,058	81,721	29,765	81,721
Contributiontodefinedcontributionpension
schemes	25,636	21,125	18,742	15,214
	732,604	721,396	330,449	385,700
TheaveragenumberofpersonsemployedbytheCompanyduring		the yearwasasfollows:
			Group	Group
			2022	2021
			No.	No.
Totalemployees			53	55

	Group	Group
	2022	2021
	No.	No.
Forestcreation	11	10
Socialenterprise	20	20
Governance	1	1
	32	31

	Other	Forest		Other
	Freehoid	Centreand		Fixturesand
	and	Millennium		Fittings,
	Leasehoid	Country	Motor	Plantand
	Land	Park	vehicles	Equipment	Totai
	£	£	£	£	£
Costorvaiuation
At1 April2021	4,885,283	7,029,504	34,229	77,755	12,026,771
Additions		240,158		811	240,969
Disposals		(233)			(233)
At31March2022	4,885,283	7,269,429	34,229	78,566	12,267,507
Depreciation
At1 April2021		1,813,317	27,898	58,024	1,899,239
Chargefortheyear		88,075	1,583	3,081	92,739
Ondisposals		(179)			(179)
At31March2022		1,901,213	29,481	61,105	1,991,799
Netbookvalue
At31March2022	4,885,283	5,368,216	4,748	17,461	10,275,708
At31March2021	4,885,283	5,216,187	6,331	19,732	10,127,533

	Other	Forest		Other
	Freehold	Centreand		Fixturesand
	and	Millennium		Fittings,
	Leasehold	Country	Motor	Plantand
	Land	Park	vehicles	Equipment	Total
	£	£	£	£	£
Costorvaluation
At1 April2021	4,885,283	6,936,945	34,229	77,755	11,934,212
Additions		240,158		811	240,969
Disposals		(233)			(233)
At31March2022	4,885,283	7,176,870	34,229	78,566	12,174,948
Depreciation
At1 April2021		1,783,797	27,898	58,024	1,869,719
Chargefortheyear		75,468	1,583	3,081	80,132
Ondisposals		(179)			(179)
At31March2022		1,859,086	29,481	61,105	1,949,672
Netbookvalue
At31March2022	4,885,283	5,317,784	4,748	17,461	10,225,276
At31March2021	4,885,283	5,153,148	6,331	19,732	10,064,494

17.	Fixedassetinvestments
				Listed
				securities
	Group			£
	Costorvaiuation
	At1 April2021			4,278,151
	Additions			269,976
	Disposals			(306,502)
	Revaluations			211,154
	At31March2022			4,452,779
	Netbookvalue
	At31March2022			4,452,779
	At31March2021			4,278,151
		Investments
		in
		subsidiary	Listed
		companies	investments	Total
	Company	£	£	£
	Costorvaluation
	At1 April2021	2	4,278,151	4,278,153
	Additions		269,976	269,976
	Disposals		(306,502)	(306,502)
	Revaluations		211,154	211,154
	At31March2022	2	4,452,779	4,452,781
	Netbookvalue
	At31March2022	2	4,452,779	4,452,781
	At31March2021	2	4,278,151	4,278,153

				Group	Group
				2022	2021
				£	£
	Finishedgoodsandgoodsforresale			24,707	26,285
19.	Debtors
		Group	Group	Company	Company
		2022	2021	2022	2021
		£	£	£	£
	Duewithinoneyear
	Tradedebtors	156,350	5,008	95,777	644
	Amountsowedbygroupundertakings			477,483	214,564
	Otherdebtors	10,408	2,897	10,328	1,528
	Prepaymentsandaccruedincome	688,423	200,704	642,997	134,105
		855,181	208,609	1,226,585	350,841
20.	Creditors:Amountsfallingduewithinoneyear
		Group	Group	Company	Company
		2022	2021	2022	2021
		£	£	£	£
	Tradecreditors	109,224	122,128	66,536	98,153
	Othertaxationandsocialsecurity	34,870	45,765	22	35,850
	Othercreditors	29,308	21,689	20,692	15,973
	Accrualsanddeferredincome	243,270	144,786	390,843	89,579
		416,672	334,368	478,093	239,555
		Group	Group	Company	Company
		2022	2021	2022	2021
		£	£	£	£
	Deferredincomeat1 April2021	55,768	41,878	22,952	22,823
	Resourcesdeferredduringtheyear	35,080	34,870	25,129	19,218
	Amountsreleasedfrompreviousperiods	(34,414)	(20,980)	(19,456)	(19,089)
		56,434	55,768	28,625	22,952

		Group	Group
		2022	2021
		£	£
	Accrualsanddeferredincome	1,855	15,208
22.	Deferredtaxation
	Group
		2022	2021
		£	£
	Broughtforward	(11,977)	(14,579)
	Charge/creditfortheperiod	2,395	2,602
	Othercomprehensiveincome	21,250
		11,668	(11,977)

Thedeferredtaxbalanceismadeupasfollows:
	Group	Group
	2022	2021
	£	£
Acceleratedcapitalallowances	(9.582)	(11,977)
Pensionschemedeficit	21,250
	11,668	(11,977)

					Balanceat
	Balanceat1			Gains/	31March
	April2021	Income	Expenditure	(Losses)	2022
	£	£	£	£	£
Unrestrictedfunds
Designatedfunds
EnglandWoodlandGrant
Scheme	807,249				807,249
Generalfunds
GeneralFunds- allfunds	2,288,182	715,170	(335,658)	50,873	2,718,567
Subsidiariesreserves	(57,252)	943,845	(1,017,970)		(131,377)
Pensionreserve				(63,750)	(63,750)
	2,230,930	1,659,015	(1,353,628)	(12,877)	2,523,440
TotalUnrestrictedfunds	3,038,179	1,659,015	(1,353,628)	(12,877)	3,330,689
Restrictedfunds
TheForestCentreandCountry
Park	4,713,018		(46,340)		4,666,678
Landaquiredforthecreationof
CommunityWoodland	4,885,283				4,885,283
CreationofCommunity
WoodlandFund	2,534,769	511,357	(177,063)	160,251	3,029,314
TreesforClimate	52,091	826,782	(587,066)		291,807
	12,185,161	1,338,139	(810,469)	160,251	12,873,082
Totaloffunds	15,223,340	2,997,154	(2,164,097)	147,374	16,203,771

						Balanceat
	Balanceat			Transfers	Gains/	31March
	1April2020	Income	Expenditure	in/out	(Losses)	2021
	£	£	£	£	£	£
Unrestricted
funds
Designated
funds
England
WoodlandGrant
Scheme	744,530	13,695		49,024		807,249
Generalfunds
GeneralFunds	2,119,854	718,959	(688,483)	(49,024)	186,876	2,288,182
Subsidiaries
reserves	48,033	374,099	(479,384)			(57.252)
	2,167,887	1,093,058	(1,167,867)	(49,024)	186,876	2,230,930
Total
Unrestricted
funds	2,912,417	1,106,753	(1,167,867)		186,876	3,038,179

						Balanceat
	Balanceat			Transfers	Gains/	31March
	1April2020	Income	Expenditure	in/out	(Losses)	2021
	£	£	£	£	£	£
Restricted
funds
TheForest
Centreand
CountryPark	4,759,672		(46,654)			4,713,018
Landaquiredfor
thecreationof
Community
Woodland	4,885,283					4,885,283
Creationof
Community
WoodlandFund	1,993,848	401,411	(351,091)		542,692	2,586,860
	11,638,803	401,411	(397,745)		542,692	12,185,161
Totaloffunds	14,551,220	1,508,164	(1,565,612)		729,568	15,223,340
Summaryoffunds
Summaryoffunds- currentyear
						Balanceat
		Balanceat1			Gains/	31March
		April2021	Income	Expenditure	(Losses)	2022
		£	£	£	£	£
Designatedfunds		807,249				807,249
Generalfunds		2,230,930	1,659,015	(1,353,628)	(12,877)	2,523,440
Restrictedfunds		12,185,161	1,338,139	(810,469)	160,251	12,873,082
		15,223,340	2,997,154	(2,164,097)	147,374	16,203,771

						Balanceat
	Balanceat			Transfers	Gains/	31March
	1April2020	Income	Expenditure	in/out	(Losses)	2021
	£	£	£	£	£	£
Designated
funds	744,530	13,695		49,024		807,249
Generalfunds	2,167,887	1,093,058	(1,167,867)	(49,024)	186,876	2,230,930
Restrictedfunds	11,638,803	401,411	(397,745)		542,692	12,185,161
	14,551,220	1,508,164	(1,565,612)		729,568	15,223,340
Analysisofnet	assetsbetweenfunds
Analysisofnet	assetsbetweenfunds- currentyear
				Unrestricted	Restricted	Total
				funds	funds	funds
				2022	2022	2022
				£	£	£
Tangiblefixedassets				723,747	9,551,961	10,275,708
Fixedassetinvestments				994,936	3,457,843	4,452,779
Currentassets				1,967,142		1,967,142
Creditorsduewithinoneyear				(416,672)		(416,672)
Creditorsduein	morethanoneyear			(1,855)		(1,855)
Provisionsforliabilitiesandcharges				(73,332)		(73,332)
Difference				136,722	(136,722)
Total				3,330,688	12,873,082	16,203,770

	Unrestricted	Restricted	Total
	funds	funds	funds
	2021	2021	2021
	£	£	£
Tangiblefixedassets	529,231	9,598,302	10,127,533
Fixedassetinvestments	1,691,293	2,586,858	4,278,151
Currentassets	1,179,208		1,179,208
Creditorsduewithinoneyear	(334,368)		(334,368)
Creditorsdueinmorethanoneyear	(15,208)		(15,208)
Provisionsforliabilitiesandcharges	(11,977)		(11,977)
Total	3,038,179	12,185,160	15,223,339
Reconciliationofnetmovementinfundstonetcash	flowfromoperating	activities
		Group	Group
		2022	2021
		£	£
Netincomefortheyear(asperStatementofFinancialActivities)		1,044,180	672,120
Adjustmentsfor:
Depreciationcharges		92,739	99,058
Gainsoninvestments		(211,154)	(729,568)
Dividends,interestsandrentsfrominvestments		(12,571)	(12,225)
Lossonthesaleoffixedassets		4	439
Decreaseinstocks		1,578	1,763
Decrease/(increase)indebtors		(646,572)	50,916
Increaseincreditors		144,486	88,824
Netcashprovidedbyoperatingactivities		412,690	171,327

	2022	2021
	£	£
Marketvalueofassets	1,194,000	1,114,316
Presentvalueofschemeliabilities	(1,279,000)	(1,114,316)
Deficitinthescheme	(85,000)
Relateddeferredtaxasset	21,250
Netpensionliability	(63,750)
	2022	2021
	£	£
Movementsindeficitduringtheyear:
Deficitinschemeatbeginningofyear
Contributions
Actuarialloss	(85,000)
Deficitinschemeatendofyear	(85,000)

	Group	Group	Company	Company
	2022	2021	2022	2021
	£	£	£	£
Notlaterthan1 year	837	935	132	132
Laterthan1 yearandnotlaterthan5 years	596	1,301	272	272
Laterthan5 years	966	970	966	970
	2,399	3,206	1,370	1,374

Names	Company	Principalactivity	Classof	Holding
	number		shares
MarstonValeServicestradingasThe	03538255	Commercialoperation	Ordinary	100%
ForestCentreLimited		ofthevisitorcentre
		andconferencecentre
MarstonValeFarmsLimited	06537891	Managinglandto	Ordinary	100%
		raisefundsforits
		parentcompany

Names	Income	Expenditure	Profit/{Loss)	Netassets
	£	£	/Surplus/	£
			(Deficit)for
			theyear
			£
MarstonValeServicestradingasThe	579,736	(643,649)	(63,913)	(235,976)
ForestCentreLimited
MarstonValeFarmsLimited	364,109	(374,321)	(10,212)	40,850