2022-03-31-accounts - Torbay Coast And Countryside Trust

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				Page
Reference and Administrative		Details ofthe Company,	its Trustees and Advisers
Trustees' Report
Independent	Auditors' Report	on the Financial Statements		13-16
Consolidated	Statement of Financial Activities			17
Consolidated	Balance Sheet			18-19
Company Balance Sheet				20-21
Consolidated	Statement ofCash Flows			22
Notes to the	Financial Statements			23-48

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS	REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS	REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS	REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS	REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS	REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS	REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS	REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS	REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS	TRUSTEES AND ADVISERS	TRUSTEES AND ADVISERS
FOR THE		YEAR ENDED	31 MARCH 2022
Trustees			Alan Tyerman, Chair (resigned 19May 2021)
			Andra Johnstone, Chair
			Raymond Bedder (resigned			24 April 2023)
			Roger Knight
			Christopher Robson (appointed 19May 2021)
			Francis Sobey (appointed		19		May 2021, resigned 24			April 2023)
			Gillian Burchell (appointed			19May 2021, resigned 6 July 2022)
			John Lowes (appointed	19		May 2021)
			Leslie Burnett (appointed		19May 2021, resigned				23 January 2023)
			Simon Miller (appointed	19		May 2021,		resigned	14December 2021)
			Timothy Courtenay (appointed				19May	2021, resigned		14December 2021)
			Andew Whittaker (appointed			14December 2021, resigned 15July 2022)
			Barbara King (appointed		23 January 2023)
			Giilian Burchell (appointed		23January			2023)
Company	registered
number			03757410
Charity registered
number			1077561
Registered		office	Occombe Farm
			Preston Down Road
			Paignton
			Devon
			TQ3 1RN
Company	secretary		Donna Wynn (Appointed	25		November		2022)
			Damian Offer (Resigned	25		November		2022)
Chief executive officer			Damian Offer
Independent		auditors	Bishop Fleming LLP
			Chartered Accountants
			2nd Floor Stratus House
			Emperor Way
			Exeter Business Park
			Exeter
			EX13QS
Bankers			Lloyds Bank pic
			51-52Fleet Street
			Torquay
			Devon
			TQ2 5DW
Solicitors			Wollens
			Carlton House
			30The Terrace
			Torquay
			Devon
			TQ1 1BS

			Restricted	Restricted
			funds-	funds-	Unrestricted	Total	Total
			Revenue	Capital	funds	funds	funds
			2022	2022	2022	2022	2021
		Note	F	E	E		F
Income from:
Contributions,
donations and
legacies:
Contribution	to estate
management	from
Torbay Council					200,900	200,900	199,400
Memberships,
donations and
legacies					114,242	114,242	86,728
Charitable activities					438,555	438,555	990,798
Other activities:
Fundraising				172,976	75,586	248,562	83,755
Trading activities					1,240,334	1,240,334	236,617
Investments					54	54	272
Other Income					38,579	38,579	73,853
Total income				172,976	2,108,250	2,2&1,226	1,671,423
Expenditure on:
Raising funds					1,468,650	1,468,650	173,972
Charitable activities		7	41,236	67,630	1,384,777	1,493,643	1,220,787
Total expenditure			41,236	67,630	2,853,427	2,962,293	1,394,759
Net movement	in
funds			(41,236)	105,346	(745,177)	(681,067)	276,664
Reconciliation	of
funds:
Total funds brought
forward			836,798	2,121,002	1,667,801	4,625,601	4,348,937
Net movement	in funds		(41,236)	105,346	(745,177)	(681,067)	276,664
Total funds carried
forward			795,562	2,226,348	922,624	3,944,534	4,625,601

					2022		2021
			Note		f.
Fixed assets
Tangible assets					5,445,865		4,107,353
					5,445,865		4,107,353
Current assets
Stocks			14	133,034		54,493
Debtors			15	126,809		213,588
Cash at bank and	in hand			235,014		677,150
				494,857		945,231
Creditors: amounts	falling	due within one
year			16	(603,719)		(251,499)
Net current assets					5,337,003		4,801,085
Total assets less	current	liabilities			5,337,003		4,801,085
Creditors: amounts	falling	due after more
than one year			17		(1,387,585)		(170,600)
Deferred Tax					(4,884)		(4,884)
Total net assets					3,944,534		4,625,601
Charity funds
Restricted funds:
Restricted funds -	Revenue		19	795,562		836,798
Restricted funds -	Capital		19	2,226,348		2,121,002
Total restricted funds			19		3,021,910		2,957,800
Unrestricted funds			19		922,624		1,667,801
Total funds					3,944,534		4,625,601

				Note		2022f		2021 E
Fixed assets
Tangible assets				11		5,397,645		4,069,416
Investments				13		1,005		1,005
						5,398,650		4,070,421
Current assets
Stocks				14	41,776		47,905
Debtors				15	117,002		282,627
Cash at bank and	in hand				86,212		584,929
					244,990		915,461
Creditors: amounts	falling		due within one
year				16	(502,225)		(236,946)
Net current liabilities		Iassets				(257,235)		678,515
Total assets less	current		liabilities			5,141,415		4,748,936
Creditors: amounts	falling		due after more
than one year				17		(1,387,585)		(170,600)
Total net assets						3,753,830		4,578,336
Charity funds
Restricted funds:
Restricted funds -	Capital			19	2,226,348		2,121,002
Restricted funds -	Revenue			19	795,562		836,798
Total restricted funds				19		3,021,910		2,957,800
Unrestricted funds				19		731,920		1,620,536
Total funds						3,753,830		4,578,336

			2022	2021
				E
Cash flows from operating	activities
Net cash used in operating	activities		1,025,057	330,947
Cash flows from investing	activities
Interests and rents from investments			54	272
Purchase oftangible fixed assets			(1,631,338)	(755,297)
Net cash used in investing	activities		(1,631,284)	(755,025)
Cash inflows from new borrowing			164,091
Change in cash and cash	equivalents in	the year	(442,136)	(424,078)
Cash and cash equivalents	at the beginning	ofthe year	677,150	1,101,228
Cash and cash equivalents	at the end of	the year	235,014	677,150
The notes on pages 23to48 form part ofthese financial statements

Freehold property	- 6 -50years straight	line
Plant and machinery	- 8 -10years straight	line
Motor vehicles	- 4 years straight line
Fixtures and fittings	- 4 - 5years straight	line
Other fixed assets	- Livestock assets are value annually		by the
	directors

			Unrestricted	Total	Total
			funds	funds	funds
			2022f	2022 f.	2021
Contribution	to estate management	from Torbay Council	200,900	200,900	199,400
Donations			3,318	3,318	639
Legacies			46,811	46,811	22,771
Memberships			64,113	64,113	63,318
SUBTOTAL			114,242	114,242	86,728
			315,142	315,142	286,128
TOTAL 2021			286,128	286,128

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2022	2022	2022f	2021
Grants			142,380	142,380	349,631
Education			2,689	2,689
Rents			52,223	52,223	59,418
Primary Trading			103,649	103,649	73,400
Other incoming	Resources		137,614	137,614	59,849
Feed in tariff income					11,000
Monies received	under section 106long term
agreements					437,500
TOTAL 2022			438,555	438,555	990,798
TOTAL 2021		437,500	553,298	990,798

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2022 E	2022 f	2022 E	2021
Revenues	from fundraising	172,976	75,586	248,562	83,755
TOTAL 2021			83,755	83,755

			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
			F	E	E
Torbay Coast and Countryside	Enterprises	Limited	1,240,334	1,240,334	236,591
Bank interest received					26
			1,240,334	1,240,334	236,617
TOTAL2021			236,617	236,617

		Unrestricted	Total	Total
		funds	funds	funds
		2022	2022	2021
		F		F
Investment	income - bank interest	53	53	272
Interest receivable		1	1
		54		272
TOTAL20	1	272	272

			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
				E	E
Coronavirus	job retention	scheme income	38,579	38,579	71,553
Profit on disposal offixed		assets			2,300
			38,579	38,579	73,853
TOTAL2021			73,853	73,853

					Restricted	Unrestricted	Total	Total
					funds	funds	funds	funds
					2022	2022	2022	2021
					E	E	F	F
Property	and	land management		costs		395,245	395,245	306,133
Vehicle	and farm machinery		costs			45,320	45,320	39,044
Auditor's	remuneration					15,500	15,500	13,500
Administration		Costs				251,101	251,101	181,482
Wages	and Salaries				41,236	501,628	542,864	491,654
Depreciation					67,630	175,983	243,613'	160,957
Governance		Costs						28,017
					108,866	1,384,777	1,493,643	1,220,787
TOTAL	2021				78,596	1,142,191	1,220,787

					2022	2021
					E	F
Fees payable	to the Company's	auditor		for the audit ofthe Company's
annual accounts					15,500	13,500
Fees payable	to the Company's	auditor		in respect of:
All assurance	services not included		above			4,192

Staff costs
				Group	Group	Company	Company
				2022	2021	2022	2021
					E		E
Wages and	salaries			1,004,845	563,576	456,270	442,038
Social security costs				106,001	40,414	36,217	31,693
Contribution	to defined	contribution	pension
schemes				50,062	26,515	21,900	20,793
				1,160,908	630,505	514,387	494,524

				Group	Group
				2022	2021
				No.	No.
Charitable activities				23	13
Trading	activities			33	14
Support	staff; Costs ofgenerating		funds	9	7
Support	Staff; Charitable	activities		6	5
				71	39

				Fixtures
	Land and	Plant and	Motor	and
	buildings	equipment	vehicles	fittings	Livestock	Total
	E	E	F	E	E
COST OR
VALUATION
At 1 April 2021	4,476,784	1,490„637	228,590	637,454	183,015	7,016,480
Additions	1,087,618	366,135		177,585		1,631,338
Disposals		(13,355)			(41,045)	(54,400)
At 31 March 2022	5,564,402	1,843,417	228,590	815,039	141,970	8,593,418
DEPRECIATION
At 1 April 2021	793,735	1,355,306	208,451	551,635		2,909,127
Charge for the year	110,257	77,170	6,594	57,760		251,781
On disposals		(13,355)				(13,355)
At 31 March 2022	903,992	1,419,121	215,045	609,395		3,147,553
NET BOOK
VALUE
At 31 March 2022	4,660,410	424,296	13,545	205,644	141,970	5,445,865
At 31 March 2021	3,683,049	135,331	20,139	85,819	183,015	4,107,353

				Fixtures
	Land and	Plant and	Motor	and
	buildings	equipment	vehicles	fittings	Livestock	Total
	F	F	F	F.		F
COST OR
VALUATION
At 1 April 2021	4,458,283	1,427,856	221,090	509,618	183,015	6,799,862
Additions	1,087,618	359,440		166,719		1,613,777
Disposals		(13,355)			(41,045)	(54,400)
At 31 March 2022	5,545,901	1,773,941	221,090	676,337	141,970	8,359,239
DEPRECIATION
At 1 April 2021	790,171	1,311,077	201,819	427,379		2,730,446
Charge for the
year	109,958	73,983	6,424	54,138		244,503
On disposals		(13,355)				(13,355)
At 31 March 2022	900,129	1,371,705	208,243	481,517		2,961,594
NET BOOK
VALUE
At 31 March 2022	4,645,772	402,236	12,847	194,820	141,970	5,397,645
At 31 March 2021	3,668,112	116,779	19,271	82,239	183,015	4,069,416

	2022	2021
	F	F
Plant and equipment	56,747	11,875
Motor vehicles	11,021
TOTAL 2022	67,768	11,875

	Investments
	in
	subsidiary
	companies
COMPANY	F
COST OR VALUATION
At 1 April 2021	1,005
At 31 March 2022	1,005

The following	were subsidiary	undertaki	ngs	ofthe Company:
Names					Holding	Included	in
						consolidation
Torbay Coast	and Countryside	Enterprises		Limited	100'/o	Yes
South Devon	Biomass Limited				100'/o	Yes
The financial	results ofthe subsidiaries		for	the year were:

Stocks
						Group	Group	Company	Company
						2022	2021	2022f	2021 E
Finished	goods	and	goods	for	resale	133,034	54,493	41,776	47,905

		Group	Group	Company	Company
		2022	2021	2022	2021
		E
DUE WITHIN	ONE YEAR
Trade debtors		35,277	120,193	25,673	119,073
Amounts owed by group undertakings					70,465
Other debtors			69,995		69,993
Prepayments	and accrued income	91,532	23,400	91,329	23,096
		126,809	213,588	117,002	282,627

			Group	Group	Company	Company
			2022	2021	2022f	2021
Trade creditors			161,03?	90,424	73„725	90,150
Other taxation	and social security		28,927	?,393	27,831	4,353
Obligations under finance lease and hire
purchase contracts			2,876	10,954	2,876	10,954
Other creditors			18,455	19,90?	18,455	19,838
Accruals and deferred		income	392,424	122,821	379,338	111,651
			603,719	251,499	502,225	236,946

			Group	Group	Company	Company
			2022	2021 F	2022f	2021 F
Other loans			1,379,197	159,336	1,379,197	159,336
Net obligations		under finance lease and hire
purchase	contracts		8,388	11,264	8,388	11,264
			1,387,585	170,600	1,387,585	170,600

G	ROU	P AND C	OMPA	NY
					2022
At	the	beginning	ofthe	year	4,884
					4,884

The deferred	tax liability is made up as follows:
Accelerated	capital allowances

Group	Group
2022f	2021
(4,884)	(4,884)
(4,884)	(4,884)

Statement	offunds	- current	year
							Balance at
			Balance at 1			Transfers	31 March
			April 2021	Income	Expenditure	in/out	2022
			E	F	E	E	F
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Gillard Road	Nature	reserve
(GRNR) *			463,691		(12,161)		451,530
Feed compensation		fund	288,000		(4,000)		284,000
Green burials			69,368	7,552			76,920
			821,059	7,552	(16,161)		812,450
UNRESTRICTED FUNDS
Revaluation	reserve		162,386				162,386
South Devon	Biomass capital
fund			74,305		(1,906)		72,399
Unrestricted	capital	funds	1,754,058			1,431,362	3,185,420
Unrestricted	revenue	funds	(1,144,007)	2,100,698	(2,835,360)	(1,431,362)	(3,310,031)
			846,742	2,100,698	(2,837,266)		110,174
TOTAL UNRESTRICTED
FUNDS			1,667,801	2,108,250	(2,853,427)		922,624

						Balance at
		Balance at 1			Transfers	31 March
		April 2021	Income	Expenditure	in/out	2022
		E		f.	E	E
RESTRICTED FUNDS-
REVENUE
1.Wall Park offsite mitigation	*	46,752		(4,155)		42,597
2.EMEWS - GRNR associated ecological monitoring "		63,360		(24,116)		39,244
3.Occombe - Habitat
Compensation Scheme (grassland) *		65,773		(4,626)		61,147
4. Cockington CP - Habitat
Compensation Scheme (Girl bunting) *		75,707		(1,163)		74,544
5. Premier inn *		26,840		(347)		26,493
6.EPIC/White Rock*		34,752		(440)		34,312
7.Alfriston Road *		86,114		(1,213)		84,901
8.Yalberton Road		437,500		(5,176)		432,324
		836,798		(41,236)		795,562

Statement	offunds (continued)	offunds (continued)
							Balance at
			Balance at 1			Transfers	31 March
			April 2021	Income	Expenditure	in/out	2022
			F	F	F	F	F
RESTRICTED FUNDS-
CAPITAL
Berry Head	- On The Edge		386,117		(10,286)		375,831
Occombe Farm		Project One
Planet			251,740		(6,844)		244,896
One Planet			83,973		(2,253)		81,720
Occombe Re-development			83,697		(1,992)		81,705
Occombe -	Fingle Farm Barns		37,726		(993)		36,733
Cycle Project			377,802		(8,754)		369,048
HLF Cockington		Green Heart
Appeal			793,877		(17,675)		776,202
Countryside	Stewardship		18,492		(5,300)		13,192
Wall Park			8?,578		(1,904)		85,674
Boardwalk				25,000	(3,125)		21,875
RDPE				147,976	(8,504)		139,472
			2,121,002	172,976	(67,630)		2,226,348
TOTAL RESTRICTED FUNDS			2,957,800	172,976	(108,866)		3,021,910
TOTAL OF	FUNDS		4„625,601	2,281,226	(2,962,293)		3,944,534

Statement o	ffunds	- prior yea	r
							Balance at
			Balance at			Transfers	31 March
			1 April 2020	Income	Expenditure	in/out	2021
						E
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Gillard Road	Nature	reserve
(GRNR) *			473,214		(9,523)		463,691
Feed compensation		fund	297,000		(9,000)		288,000
Green burials			62,649	6,719			69,368
			832,863	6,719	(18,523)		821,059
UNRESTRICTED FUNDS
Revaluation	reserve		162,386				162,386
South Devon	Biomass capital
fund			76,211		(1,906)		74,305
Unrestricted	capital	funds	1,081,344		(96,055)	768,769	1,754,058
Unrestricted	revenue	funds	(402,763)	1,227,204	(1,199,679)	(768,769)	(1,144,007)
			917,178	1,227,204	(1,297,640)		846,742
TOTAL UNRESTRICTED
FUNDS			1,750,041	1,233,923	(1,316,163)		1,667,801

						Balance at
		Balance at			Transfers	31 March
		1 April 2020	Income	Expenditure	in/out	2021
					E
RESTRICTED FUNDS-
REVENUE
1.Wall Park offsite mitigation	*	48,615		(1,863)		46,752
2. EMEWS - GRNR associated
ecological monitoring *		70,328		(6,968)		63,360
3.Occombe - Habitat
Compensation Scheme (grassland) *		68,509		(2,736)		65,773
4. Cockington CP - Habitat
Compensation Scheme (Cirl bunting) *		77,406		(1,699)		75,707
5. Premier inn *		27,320		(480)		26,840
6.EPIC IWhite Rock*		35,407		(655)		34,752
7.Alfriston Road *		87,313		(1,199)		86,114
8.Yalberton Road			437,500			437,500
		414,898	437,500	(15,600)		836,798

						Balance at
		Balance at			Transfers	31 March
		1 April 2020	Income f	Expenditure	in/out F	2021 F
RESTRICTED FUNDS-
CAPITAL
Berry Head	-On The Edge	396,307		(10,190)		386,117
Occombe Farm Project One
Planet		259,099		(7,359)		251,740
One Planet		86,226		(2,253)		83,973
Occombe Re-development		85,689		(1,992)		83,697
Occombe -	Fingle Farm Barns	38,719		(993)		37,726
Cycle Project		391,662		(13,860)		377,802
HLF Cockington Green Heart
Appeal		813,084		(19,207)		793,877
Countryside	Stewardship	23,730		(5,238)		18,492
Wall Park		89,482		(1,904)		87,578
		2,183,998		(62,996)		2,121,002
TOTAL RESTRICTED FUNDS		2,598,896	437,500	(78,596)		2,957,800
TOTAL OF	FUNDS	4,348,937	1,671,423	(1,394,759)		4,625,601

Summary	offunds - current	year
						Balance at
		Balance at 1			Transfers	31 March
		April 2021	Income	Expenditure	in/out	2022
		F	F	F	F
Designated	funds	821,059	7,552	(16,161)		812,450
General funds		846,742	2,100,698	(2,837,266)		110,174
Restricted	funds	836,798		(41,236)		795,562
Restricted	Funds - Capital	2,121,002	172,976	(67,630)		2,226,348
		4,625,60'I	2,281,226	(2,962,293)		3,944,534

Summary	offunds - prior ye	ar
						Balance at
		Balance at			Transfers	31 March
		1 April 2020	Income	Expenditure	in/out	2021
			F		F
Designated	funds	832,863	6,719	(18,523)		821,059
General funds		917,178	1,227,204	(1,297,640)		846,742
Restricted	funds	414,898	437,500	(15,600)		836,798
Restricted	Funds - Capital	2,183,998		(62,996)		2,121,002
		4,348,937	1,671,423	(1,394,759)		4,625,601

Analysis	of net asset	s between funds -	current year
				Restricted
			Restricted	funds-	Unrestricted	Total
			funds	class ii	funds	funds
			2022	2022	2022	2022
					F	F
Tangible	fixed assets			2,226,348	3,219,517	5,445,865
Current assets			795,562		(300,705)	494,857
Creditors	due within one year				(603,719)	(603,719)
Creditors	due in more	than one year			(1,387,585)	(1,387,585)
Provisions	for liabilities	and charges			(4,884)	(4,884)
TOTAL			795,562	2,226,348	922,624	3,944,534

Analysis	of net asset	s between funds - p	rior year
				Restricted
			Restricted	funds - class	Unrestricted	Total
			funds	II	funds	funds
			2021	2021	2021	2021
				E	E
Tangible	fixed assets			2,121,002	1,986,351	4,107,353
Current assets			836,798		108,432	945,230
Creditors	due within one year				(251,499)	(251,499)
Creditors	due in more	than one year			(170,600)	(170,600)
Provisions	for liabilities	and charges			(4,884)	(4,884)
TOTAL			836,798	2,121,002	1,667,800	4,625,600

										Group	Group
										2022	2021
											f.
	Net income/expenditure		for	the	year	(as	per	Statement	of Financial
	Activities)									(681,067)	276,664
	ADJUSTMENTS FOR:
	Depreciation charges									251,781	151,883
	Dividends, interests	and	rents	from	investments					(54)	(272)
	Decrease/(increase)	in stocks								(78,541)	5,411
	Decrease/(increase)	in debtors								(36,267)	3,089
	(Decrease) in creditors									1,569,205	(105,828)
	NET CASH PROVIDED		BYOPERATING			ACTIVITIES				1,025,057	330,947
23.	Analysis ofcash and cash equivalents
										Group	Group
										2022f	2021 E
	Cash in hand									235,014	677,150
	TOTAL CASH AND	CASH EQUIVALENTS								235,014	677,150

		At 1 April		At 31 March
		2021	Cash flows	2022
		f		E
Cash at bank and	in hand	677,150	(442,136)	235,014
Debt due after 1 year		(159,336)	(1,219,861)	(1,379,197)
Finance leases		(22,218)	10,954	(11,264)
		495,596	(1,651,043)	(1,155,447)

			Group	Group	Company	Company
			2022f	2020	2022 E	2021 F
Within	1	year	10,954	33,336	10,954	33,336
Between		2 and 5 years	11,264	8,078	11,264	8,078
TOTAL		2022	22,218	41,414	22,218	41,414