2022-09-30-accounts

			Page
Reference and administrative details
Report ofthe Trustees			2-5
Statement ofTrustees'	Responsibilities
Independent Auditor's	Report		7-9
Consolidated Statement	of Financial	Activities	10
Consolidated Balance sheet
Consolidated Cash flow	statement		12
Notes to the financial statements			13 - 19

Trustees		Ms Ann Rogers
		Mr Richard Weekes
		Mr Chris Driscoll
Secretary		Mr Richard Weekes
Charity Registration	Number	1085654
Principal office		Lower Tye Farm
		Copse Lane
		Hayling island
		Hampshire
		P011 OR@
Auditor		Compass Accountants	Umited
		Venture House
		The Tanneries
		East Street
		Titchfield
		Hampshire
		PO14 4AR
Bankers		Coutts & Co
		440 Strand
		London
		WCZR OQS

Grants made for the ye	ar	ended 30	a September 2022 we	re as follows
				E
Hampshire and Isle of Wight Air Am			bulance	180,000
The Wey and Arun Canal		Trust		120,000
Royal National Lifeboat	Insiituhon			30,000
Rowans Hospice				20,000
The Brooke				2,000
Bumblebee Conservabon		Trust		2,000
SPANA				2,000
Safe Haven for Donkeys	in the Holy		Land	2,000
People4ponies				2,000
Isle of Wight Donkey Sanctuary				2,000
Farplace Animal Reserve				2,000
Ability Dogs 4 Young People				2,000
Surfers Against Sewage				2,000
Redwings Horse Sanctuary				2,000
Dean Farm Trust				2,000
World Horse Welfare				2,000
Moorland Mousie Trust				2,000
The Horse Trust				2,000
Worldwide Veterinary Service				2,000
Good Life Dog Rescue				2,000
Hope Rescue Centre				2,000
Pet Fostering Service Scotland				2,000
The Donkey Sanctuary				1,000
Brent Lodge Wildlife Hospital				1,000
Wilts Ik Berks Canal Trust				1,000
Friends ofthe Cromford	Canal			1,000
Letcombe Brook Project				1,000
Forest ofAvon Trust				1,000
Marine Conservation Society				1,000
WWF - UK				1,000
The GRAB Trust				1,000
Clean up UK				1,000
West Somerset Railway Association				1,000
Tarka Valley Railway CIO				1,000

			Unrestricted	2022	Unrestricted	2021
			funds	Total	funds	Total
		Notes	6	6	f	6
Income from:
Other trading	activities		1,714,947	1,714,947	1,735,061	1,735,061
Investment income			22,302	22,302	4,892	4,892
Otherincome			3,247	3,247
Total income			1,740,496	1,740,496	1,739,953	1,739,953
Expenditure on:
Raising funds			1,082,515	1,082,515	1,000,421	1,000,421
Charitable activities			402,301	402,301	395,298	395,298
Total expenditure			1,484,816	1,484,816	1,395,719	1,395,719
Net income			255,680	255,680	344,234	344,234
Transfers between funds
Net movement	in funds		255,680	255,680	344,234	344,234
Reconciliation	offunds:
Funds brought	forward		16,601,256	16,601,256	16,257,022	16,257,022
Total funds carried forward			16,856,936	16,856.936	16,601,256	16,601,256

			Group	Group	Charity	Charity
			2022	2021	2022	2021
		Notes	E	E	E	E
Fixed assets
Tangible assets		9	12,622,946	12,082,492
Investments		10			14,447,936	14,447,936
			12,622,946	12,082,492	14,447,936	14,447,936
Current assets
Stocks		11	284,114	216,959
Debtors		12	129,388	85,670
Cash at bank and in hand			4,133,176	4,684,328	186,882	235,383
			4,546,678	4,986,957	186,882	235,383
Liabilities:
Creditors falling due within one year		13	(305,658)	(450,614)	(3,800)	(3,800)
Net current assets			4,241,020	4,536,343	183,082	231,583
Total assets less current liabilities			16,863,966	16,618,835	14,631,018	14,679,519
Provisions		14	(7,030)	(17,579)
Net assets			16,856,936	16.856,936	14,631,018	14,679,519
Funds
Unrestricted	funds	15
Unrestricted	funds		186,882	235,383	186,882	235,383
Designated	funds		16,350,435	16,046,254	14,444,136	14,444,136
Revaluation	reserve		319,619	319,619
Total funds			16.856,936	26,856,936	14,631,018	14,679,519

			Group	Group
			2022	2021
			6	6
Cash flows from operating activities:
Net cash provided by (used In) operating	activities		(8,136)	356,226
Cash flows from investing activities:
Income from investments			22,302	4,892
Purchase offixed assets			(565,318)
Proceeds from sale offixed assets				134,026
Net cash provided by(used in) investing	activities		(543,016)	138,918
(Decrease)/Increase in cash and cash equivalents		in the year	(551,152)	495,144
Cash and cash equivalents at 1Ctctober 2021			4,684.328	4,189,184
Cash and cash equivalents at 30September 2022			4 133176	4684 328
Net income for the reporting period			255,680	344,234
Depreciation and impairment			24,864	22,724
(Profit)/loss on disposal offixed assets				(133,256)
Income from investments			(22,302)	(4,892)
(Increase)/Decrease in stocks			(67,155)	(60,425)
(Increase)/Decrease in debtors			(43,718)	(50,156)
(Decrease)/Increase in creditors			(144,956)	237,997
(Decrease)/Increase in provisions for liabilities			(10,549)
Net cash provided by (used in) operating	activities		(8,136)	356,226

					Unrestricted		Unrestricted
					funds	2022	funds	2021
					Designated	Total	Designated	Total
					E	f	E	f
Interest	receivable	on	bank	deposits	22,302	22,302	4,892	4,892

				Unrestricted	funds	funds		Unrestricted	funds
				Designated		General	2022	Designated	General	2021
				f		E	f	f	f	f
Grant fundmg of activities						398,000	398,000		391,000	391,000
Governance	costs			3,800		501	4,301	3,800	498	4,298
				3,800	398,501		402,301	3,800	301,498	395,298
Governance costs
				Unrestricted	funds			Unrestricted	funds
				Designated	General		2022	Designated	General	2021
				E		f	f	f	f	E
Audit fees				3,800			3,800	3,800		3,800
Other governance		costs				501	501		498	498
				3,800		501	4,301	3,800	498	4,298
Net incoming resources for the year
									2022	2021
									E	f
Net outgoing	resources		is stated	after charging:
Audit fees									3,800	3,800
Depreciation	and other		amounts	written off tangible		fixed assets			24,864	I110,532)

Employee costs
		Group	Group	Charity	Charity
		2022	2021	2022	2021
Employment costs		E	E	E	E
Wages and salaries		324,166	283,001
Social security costs		34,108	30,201
Defined contribution	pension costs	10,054	10,829
		368,328	324,031

2022	2021
ollows'.
2022	2021

9.	Tangible fixe	d assets
						Land and		Furniture and
						buildings		equipment	Total
							E	E	E
	Cost
	At 1October 2021					11,923,619		294,042	12,217,661
	Additions					484,293		81,025	565,318
	Disposals
	At 30September 2022					12,4D7,912		375,067	12,782,979
	Depreciation
	At 1October 2021					21,263		113,906	135,169
	Charge for the	year					3,808	21,056	24,864
	On disposals
	At 31September 2022					25,071		134,962	160,033
	Net book values
	At 30September 2022					12,382,841		240,105	12,622,946
	At 30September 2021					11,902,356		180,136	12,082,492
10.	Investments
	Charity
								2022	2021
								E	E
	At deemed cost							14,447,936	14,447,936
	The investment	is the entire	issued share capital ofthe following			UK registered	company:
								Reserves	Reserves
			Country	Company	number	Share	capital	2022	2021
								E	E
	St Hermans Estate Co		England	00421344		100%		10,130,207	9,840,574
	Limited

Summary oftrading	Summary oftrading	results:
Profit and Loss	Account		2022	2021
			E	f
Turnover			1,633,806	1,650,267
Cost ofsales			(368,923)	(439,705)
Gross Profit			1,264.883	1,210,562
Distribution costs			(39,628)	(48,418)
Administrative	expenses		(968,955)	(783,1S6)
Other operatmg	income		84,388	87,619
Operating profit			340,688	466,607
Other interest receivable			22,302	4,892
Profit/(loss) for	year	before taxation	362,990	471,499
Taxation			(62,808)	(85,692)
Retained profit/(loss)		for the period	300,182	385,807

	Group	Group	Charity	Charity
	2022	2021	2022	2021
	E	E	E	E
Stocks	284,114	216,959
Debtors
	Group	Group	Charity	Charity
	2022	2021	2022	2021
	f	f	f	E
Trade debtors	56,204	17,930
Prepayments	70,049	50,821
VAT	3,135	16,919
	129,388	85,670
Creditors
	Group	Group	Charity	Chanty
	2022	2021	2022	2021
	f	f	E	f
Trade creditors	23,011	158,814
Taxation and social security	82,841	94,847
Accruals	199,806	196,953	3.800	3,800
	305,658	450,614	3,80O	3,8OO

					Group	Group	Charity	Charity
					2022	2021	2022	2021
					E	E	f	E
	Deferred		tax		7,030	17,579
15.	Net assets between			funds
						Unrestricted funds		Total
						General	Designated	2022
							E	E
	Tangible		fixed assets				12,622.946	12,622,946
	Current	assets				186,882	4,359,796	4,546,678
	Current	liabilities					(30S,658)	(305,658)
	Provisions		for liabilities				(7,03D)	(7,030)
						186,882	16,670,054	16.856,936
						Unrestricted funds		Total
						General	Designated	2021
						E	E	E
	Tangible	fixed assets					12,082,492	12,082,492
	Current	assets				235,383	4,751,574	4,986,957
	Current	liabilities					(450,614)	(450,614)
	Provisions						(17,579)	(17,579)
						235,383	16,365,873	16,601,256