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||||Page|
|---|---|---|---|
|Reference and administrative
details||||
|Report ofthe|Trustees||2-5|
|Statement of|Trustees'
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||
|||PO11 ORQ||
|Auditor||Compass Accountants|Limited|
|||Venture
House||
|||The Tanneries||
|||East Street||
|||Titchfield||
|||Hampshire||
|||PO14 4AR||
|Bankers||Coutts
8r Co||
|||440 Strand||
|||London||
|||WC2R OQS||
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|Activities and performance|Activities and performance|Activities and performance||||||
|---|---|---|---|---|---|---|---|
|The overall expenditure
of grants was f691,000, which|||was a significant|Increase compared||with the previous|year's|
|expenditure
of6398,000, due to the resources||provided|by the company|and historical|reserves.|||
|Grants made for the year ended 30~ September||2023 were as follows||f||||
|Hampshire
ik IOW Air Ambulance|||290,000|||||
|The Wey ik Arun Canal Trust|||230,000|||||
|Rowans Hospice||||50,000||||
|RNLI||||30,000||||
|South Downs
National
Park Trust||||10,000||||
|Kent BrEast Sussex Railway||||10,000||||
|Surfers Against Sewage||||5,000||||
|The Brooke||||3,000||||
|Bumblebee
Conservation
Trust||||3,000||||
|SPANA||||3,000||||
|Safe Haven for Donkeys
in the Ho|ly Land|||3,000||||
|Peopled ponies||||3,000||||
|Ability Dogs 1Young People||||3,000||||
|Redwings
Horse Sanctuary||||3,000||||
|World Horse Welfare||||3,000||||
|Moorland
Mousie Trust||||3,000||||
|Worldwide
Veterinary
Service||||3,000||||
|Isle of Wight Donkey Sanctuary||||2,000||||
|Farplace Animal
Reserve||||2,000||||
|The Donkey Sanctuary||||2,000||||
|Brent Lodge Wildlife
Hospital||||2,000||||
|Dean Farm Trust||||2,000||||
|The Horse Trust||||2,000||||
|Hope Rescue Centre||||2,000||||
|Pet Fostering
Service Scotland||||2,000||||
|Wilts 8r Berks Canal Trust||||2,000||||
|Friends ofthe Cromford
Canal||||2,000||||
|Letcombe Brook Project||||2,000||||
|Forest of Avon Trust||||2,000||||
|Marine Conservation
Society||||2,000||||
|WWF- UK||||2,000||||
|Montgomery
Waterway
Restoratio|n Trust|||2,000||||
|Kingley Vale RDA||||2,000||||
|Prickles Hedgehog
Rescue||||1,000||||
|Freshwater
Biological Association||||1,000||||
|Earthwatch
Europe||||1,000||||
|The Species Recovery Trust||||1,000||||
||||691,000|||||
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|||||Unrestricted|2023|Unrestricted|2022|
|---|---|---|---|---|---|---|---|
|||||funds|Total|funds|Total|
||||Notes||E|||
|Income from:||||||||
|Other trading|activities|||2,238,993|2,238,993|1,714,947|1,7314,947|
|Investment
income||||153,049|153,049|22,302|22,302|
|Other income||||3,472|3,472|3,247|3,247|
|Total Income||||2,395,514|2,395,514|1,740,496|1,740,496|
|Expenditure
on:||||||||
|Raising funds||||1,501,001|1,501,001|1,082,515|1,082,515|
|Charitable
activities||||695,254|695,254|402,301|402,301|
|Total expenditure||||2,196,255|2,196,255|1,484,816|1,484,816|
|Net income||||199,259|199,259|255,680|255,680|
|Transfers between||funds||||||
|Net movement|ln funds|||199,259|199,259|255,680|255,680|
|Reconciliation|offunds:|||||||
|Funds brought|forward|||16,856,936|16,856,936|16,601,256|16,601,256|
|Total funds carried||forward||17,056,195|17,056,195|16,856,936|16,856,936|
##
|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2023|2022|2023|2022|
||||Notes|f|f|f||
|Fixed assets||||||||
|Tangible assets|||9|12,603,512|12,622,946|||
|Investments|||10|||14,447,936|14,447,936|
|||||12,603,512|12,622,946|14,447,936|14,447,936|
|Current assets||||||||
|Stocks|||11|553,916|284,114|||
|Debtors|||12|256,642|129,388|||
|Cash at bank||and in hand||4,100,259|4,133,176|115,428|186,882|
|||||4,910,817|4,546,678|115,428|186,882|
|Liabilities:||||||||
|Creditors
falling due within one year||||(453931)|(305,658)|(3,800)|(3,800)|
|Net current||assets||4,456,886|4,241,020|111,628|183,082|
|Total assets||less current liabilities||17,060,398|16,863,966|14,559,564|14,631,018|
|Provisions|||14|(4,203)|(7,030)|||
|Net assets||||17,056,195|16,856,936|14,559,564|14,631,018|
|Funds||||||||
|Unrestricted||funds|15|||||
|Unrestricted||funds||115,428|186,882|115,428|186,882|
|Designated|funds|||16,621,148|16,350,435|14,444,136|14,444,136|
|Revaluation|reserve|||319,619|319,619|||
|Total funds||||17,056,195|16,856,936|14,559,564|14,631,018|
||||Group|Group|
|---|---|---|---|---|
||||2023|2022|
||||6|6|
|Cash flows from operating
activities:|||||
|Net cash provided
by (used in) operating|activities||(181,005)|(8,136)|
|Cash flows from investing
activities:|||||
|Income from Investments|||153,049|22,302|
|Purchase offixed assets|||(4,961)|(565,318)|
|Proceeds from sale offixed assets|||||
|Net cash provided
by (used in) Investing|activities||148,088|(543,016)|
|(Decrease)/Increase
in cash and cash equivalents||in the year|(32,917)|(551,152)|
|Cash and cash equivalents
at 1October 2022|||4,133,176|4,684,328|
|Cash and cash equivalents
at 30September 2023|||4,100,259|4,113,176|
|Net income for the reporting
period|||199,259|255,680|
|Depreciation
and impairment|||23,588|24,864|
|(Profit)/loss
on disposal offixed assets|||807||
|Income from investments|||(153,049)|(22,302)|
|(Increase)/Decrease
in stocks|||(269,802)|(67,155)|
|(Increase)/Decrease
in debtors|||(127,254)|(43,718)|
|(Decrease)/Increase
in creditors|||148,273|(144,956)|
|(Decrease)/Increase
in provisions
for liabilities|||(2,827)|(10,549)|
|Net cash provided
by (used in) operating|activities||(181,005)|(8,136)|
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|||||Unrestricted||Unrestricted||
|---|---|---|---|---|---|---|---|
|||||funds|2023|funds|2022|
|||||Designatedf|Total
f|Designated
f|Total
f|
|Sale|ofgoods|and|services|2,238,993|2,238,993|1,714,947|1,714,947|
##
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||||||Unrestricted||Unrestricted||
|---|---|---|---|---|---|---|---|---|
||||||funds|2023|funds|2022|
||||||Designated|Total|Designated|Total|
||||||f|f|f|f|
|interest|receivable|on|bank|deposits|153,049|153,049|22,302|22,302|
##
|||||Unrestricted|funds|funds||Unrestricted|funds||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Designated|General||2023|Designated|General|2022|
|||||f|||f|f||f|
|Grant funding ofactivities|||||691,000||691,000||398,000|398,000|
|Governance|costs|||3,800||454|4,254|3,800|501|4,301|
|||||3,800|691,454||695,254|3,800|398,501|402,301|
|Governance|costs||||||||||
|||||Unrestricted|funds|||UnrestrIcted|funds||
|||||Designated|General||2023|Designated|General|2022|
|||||f|||f|f||f|
|Audit fees||||3,800|||3,800|3,800||3,800|
|Other governance||costs||||454|454||501|501|
|||||3,800||454|4,254|3,800|501|4,301|
|Net incoming resources for the year|||||||||||
||||||||||2023|2022|
|Net outgoing|resources||is stated|after charging:|||||||
|Audit fees|||||||||3,800|3,800|
|Depreciation|and other||amounts|written
offtangible||fixed|assets||24,395|24,864|
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|7.|Employee costs||||||
|---|---|---|---|---|---|---|
||||Group|Group|Charity|Charity|
||||2023|2022|2023|2022|
||Employment
costs||||f|f|
||Wages and salaries||368,863|324,166|||
||Social security costs||34,471|34,108|||
||Defined contribution|pension costs|9,738|10,054|||
||||413,072|368,328|||
|2023|2022|
|---|---|
|7|7|
##
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|9.|Tangible fixed assets|Tangible fixed assets||||
|---|---|---|---|---|---|
||||Land and|Furniture
and||
||||buildings|equipment|Total|
||||f|f|E|
||Cost|||||
||At 1October 2022||12,407,912|375,067|12,782,979|
||Additions|||4,961|4,961|
||Disposals|||(3,537)|(3,537)|
||At 30September|2023|12,407,912|376,491|12,784,403|
||Depreciation|||||
||At 1October 2022||25,071|134,962|160,033|
||Charge for the year||3,808|19,780|23,588|
||On disposals|||(2,730)|(2,730)|
||At 31September|2023|28,879|152,012|180,891|
||Net book values|||||
||At 30September|2023|12,379,033|224,479|12,603,512|
||At 30September|2022|12,382,841|240,105|12,622,946|
|10.|Investments|||||
||Charity|||||
|||||2023|2022|
|||||E|E|
||At deemed cost|||14,447,936|14,447,936|
|The investment|The investment|is the entire issued share capital ofthe following|is the entire issued share capital ofthe following|is the entire issued share capital ofthe following|is the entire issued share capital ofthe following|UK registered|company:|company:||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Reserves|Reserves|
||||Country|Company|number|Share|capital|2023|2022|
|||||||||E|E|
|St Hermans|Estate Co||England|00421344||100Yo||10,411,458|10,130,207|
|Limited||||||||||
##
||Profit and|Loss|Loss|Account|Account|||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||||f|f|
||Turnover|||||||2,154,167|1,663,806|
||Cost ofsales|||||||(649,271)|(368,923)|
||Gross Profit|||||||1,504,446|1,264,883|
||Distribution|costs||||||(61,810)|(39,62&)|
||Administrative||expenses|||||(1,335,057)|(968,955)|
||Other operating|||income||||88,299|84,388|
||Operating|profit||||||195,878|340,688|
||Other interest||receivable|||||153,049|22,302|
||Profit/(loss)|for||year|before taxation|||348,927|362,990|
||Taxation|||||||(67,665)|(62,808)|
||Retained profit/(loss)||||for the period|||281,262|300,182|
|11.|Stock|||||||||
|||||||Group|Group|Charity|Charity|
|||||||2023|2022|2023|2022|
|||||||f|f|f|f|
||Stocks|||||553,916|284,114|||
|12.|Debtors|||||||||
|||||||Group|Group|Charity|Charity|
|||||||2023|2022|2023|2022|
|||||||f|f|f|f|
||Trade debtors|||||61,336|56,204|||
||Prepayments|||||176,691|70,049|||
||VAT|||||18,615|3,135|||
|||||||256,642|129,388|||
|13.|Creditors|||||||||
|||||||Group|Group|Charity|Charity|
|||||||2023|2022|2023|2022|
||||||||f|f|f|
||Other creditors|||||134,622|23,011|||
||Taxation and social||||security|89,427|82,841|||
||Accruals|||||229,882|199,806|3,800|3,800|
|||||||453,931|305,658|3,800|3,800|
##
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||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
|||||f|f|f|
||Deferred|tax|4,203|7,030|||
|15.|Net assets between funds||||||
|||||Unrestricted
funds||Total|
|||||General|Designated|2023|
|||||f|f|f|
||Tangible|fixed assets|||12,603,512|12,603,512|
||Current|assets||115,428|4,795,389|4,910,817|
||Current|liabilities|||(453,931)|(453,931)|
||Provisions for liabilities||||(4,203)|(4,203)|
|||||115,428|16,940,767|17,056,195|
|||||Unrestricted
funds||Total|
|||||General|Designated|2022|
|||||f|f|f|
||Tangible|fixed assets|||12,622,946|12,622,946|
||Current|assets||186,882|4,359,796|4,546,678|
||Current|liabilities|||(305,658)|(305,658)|
||Provisions for liabilities||||(7,030)|(7,030)|
|||||186,882|16,670,054|16,856,936|
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