## ||||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| ## ##