2021-01-31-accounts - The Batsford Foundation

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		Page
Report ofthe Trustees	1	to	5
Report ofthe Independent Auditors	6	to	8
Statement ofFinancial Activities
Balance Sheet	10	to	11
Cash Flow Statement		12
Notes to the Cash Flow Statement		13
Notes to the Financial Statements	14	to	27

				for the Y	ear End	ed 31stJanuar	y 2021
								2021	2020
						Unrestricted	Restricted	Total	Total
						fund	funds	funds	funds
					Notes
INCOME	AND ENDOWMENTS			FROM
Donations	and legacies					67,645	2,878	70,523	4,518
Charitable	activities
Arboretum						610,033		610,033	645,131
Other trading activities					3	817,704		817,704	1,013,203
Investment	income				4	64,789		64,789	95,531
Total						1,560,171	2,878	1,563,049	1,758,383
EXPENDITURE ON
Raising funds
Other trading activities					6	861,979		861,979	963,516
Investment	management		costs		7	34,083	5,399	39,482	43,475
						896,062	5,399	901,461	1,006,991
Charitable	activities
Arboretum						470,470	1,017	471,487	493,235
									2,512
Other
Total						1,366,532	6,416	1,372,948	1,502,738
Net gains on investments						58,525		58 525	8 635
NET INCOME/(EXPENDITURE)						252,164	(3,538)	248,626	264,280
RECONCILIATION			OF FUNDS
Total funds	brought	fonvard				4,259,964	76,411	4,336,375	4,072,095
TOTAL FUNDS CARRIED FORWARD						4,512,128	72,873	4,585,003	4,336,375

						2021	2020
				Unrestricted	Restricted	Total	Total
				fund	funds	funds	funds
			Notes
FIXEDASSETS
Tangible assets			14	3,301,118	67,221	3,368,339	3,445,308
Investments			15	521,073		521,073	446,356
				3,822,191	67,221	3,889,412	3,891,664
CURRENT ASSETS
Stocks			16	187,388		187,388	192,677
Debtors			17	54,496		54,496	46,051
Cash at bank and in hand				579,828	5,652	585,480	359,575
				821,712	5,652	827,364	598,303
CREDITORS
Amounts falling due within		one year	18	(131,775)		(131,775)	(153,592)
NET CURRENT ASSETS				689,937	5,652	695,589	444,711
TOTAL ASSETSLESSCURRENT
LIABILITIES				4,512,128	72,873	4,585,001	4,336,375
NET ASSETS				4,812 128	72,873	4,585,001	4,336,375
FUNDS			19
Unrestricted funds:
General fund						4,512,128	4,259,964
Restricted funds:
Leaves for Learning project						50,230	53,679
Play Area project						4,000	5,950
The Art ofConservation	lino print					1,195	1,406
Bricks in the Wall project						11,669	9,448
Head gardener seed collection travel costs						5,000	5,000
Forest School project						779	928
						72,873	76,411
TOTAL FUNDS						4,585,001	4,336,375

					Cash Flow Statement
			for	the	Year Ended 31stJanuary	2021
						2021	2020
				Notes
Cash flows from operating		activities
Cash generated from operations						264,461	341,972
Net cash provided by operating activities						264,461	341,972
Cash flows from investing		activities
Purchase oftangible fixed	assets					(27,024)	(152,126)
Purchase offixed asset investments						(16,192)	(20,743)
Sale oftangible fixed assets							850
Interest received						468	670
Dividends received						4,192	4,743
Net cash used in investing	activities					~38 636)	~166,606)
Change in cash and cash	equivalents			in
the reporting period						225,905	175,366
Cash and cash equivalents		at the
beginning ofthe reporting		period				359,575	184,209
Cash and cash equivalents		at the	end	of
the reporting period						585,480	359,575

RECONCILIATIO ACTIVITIES	N OF NE	T INCOii8IE TO NET CASH FLOW FRO	M OPERATIN	G
			2021	2020
Net income for the	reporting	period (as per the Statement of
Financial Activities)			248,626	264,280
Adjustments for;
Depreciation charges			103,996	102,751
Gain on investments			(58,525)	(8,635)
Profit on disposal offixed assets				(704)
Interest received			(468)	(670)
Dividends received			(4,192)	(4,743)
Decrease/(increase)	in stocks		5,286	(20,359)
Increase in debtors			(8,445)	(5,672)
(Decrease)/increase	in creditors		~21,817i	15,724
Net cash provided	by operations		264,461	341,972
ANALYSIS OF CHANGES IN NET FUNDS
		At 1/2/20	Cash flow	At 31/1/21
Net cash
Cash at bank and in	hand	359,575	225,905	585,480
		359,575	225,905	585,480
Total		359,575	225,905	585,480

Improvements to property	—2%to 5%on cost
Plant and machinery	- 15%on reducing balance
Office equipment	-25% on reducing balance
Motor vehicles	—25%on reducing balance

DONATION	S AND LEGACIES
		2021	2020
Donations		3,876	4,518
Government	grants	66,647
		70,523	4,518

		Notes to the Financial Statements	Notes to the Financial Statements	continued
		for the	Year Ended 31stJanuary	2021
3.	OTHER TRADING ACTIVITIES
					2021	2020
	Arboretum shop sales				69,480	145,787
	Garden centre plant	sales			327,062	424,288
	Garden centre shop	sales			416,725	433,204
	Events				4,437	9,924
					817,704	1,013,203
4.	INVESTMENT INCOME
					2021	2020
	Rents receivable				60,129	90,118
	Dividends and similar distributions				4,192	4,743
	Interest receivable				468	670
					64,789	95,531
5.	INCOME FROM CHARITABLE		ACTIVITIES
					2021	2020
		Activity
	Entrance fees	Arboretum			610,033	643,131
6.	OTHER TRADING ACTIVITIES
					2021	2020
	Opening stock				192,677	172,319
	Purchases				435,658	564,370
	Closing stock				(187,388)	(192,677)
	Staff costs				231,101	215,598
	Payment processing	charges			7,695	10,672
	Support costs				182,236	193,234
					861,979	963,516
7.	INVESTMENT MANAGEMENT		COSTS
					2021	2020
	Support costs				39,482	43,475

8.	CHARITA	BLE ACTI	VITIES COSTS
					Support
				Direct	costs (see
				Costs	note 9)	Totals
	Arboretum			280,636	190,851	471,487
9.	SUPPORT	COSTS
				Central costs	Overheads	Totals
	Other trading activities			165,970	16,266	182,236
	Investment	management	costs	37,505	1,977	39,482
	Arboretum			190,851		190,851
				394,326	18,243	412,569

					2021	2020
		Other	Investment
		trading	management		Total	Total
		activities	costs	Arboretum	activities	activities
Salaries and	wages	33,280	4,957	32,573	70,810	78,269
Pensions		7,800	279	5,850	13,929	13,319
Rates and water		4,309		4,309	8,618	7,226
Insurance		6,094	1,354	6,093	13,541	13,286
Light and heat		11,277	3,383	7,893	22,553	33,375
Telephone and internet		3,229		3,945	7,174	8,660
Postage and	stationery	266		619	885	3,910
Sundries		1,543	ll9	2,296	3,958	3,522
Health insurance		3,634	155	3,945	7,734	6,479
Training and	college fees	1,385		1,385	2,770	3,683
Motor and travel		7,583		5,055	12,638	13,984
Repairs and	maintenance	17,480	3,885	17,480	38,845	35,582
Staff uniforms		991		661	1,652	2,806
Cleaning		9,233		27,699	36,932	29,716
Advertising	and public
relations		338	169	2,872	3,379	9,350
Legal and professional
fees						3,239
Bookkeeping		9,424	785	5,497	15,706	16,730
Bank charges		435	35	232	702	1,263
Subscriptions		1,274		1,274	2,548	1,622
Carried forward		119,575	15,121	129,678	264,374	286,021

							2021	2020
				Other	Invcstmcnt
				trading	management		Total	Total
				activities	costs	Arboretum	activities	activities
								E
Brought forward				119,575	15,121	129,678	264,374	286,02]
Refreshments				772		773	1,545	2,099
Security				2,325	378	2,704	5,407	5,800
Consultancy				1,013		1,012	2,025
Computer expenses				2,438	203	1,422	4,063	2,926
Company secretary's		fees		2,400	1,200	8,400	12,000	12,000
Audit fees				2,070	414	5,796	8,280	7,980
Accountancy				3,161	632	8,850	12,643	6,100
Trustees' travel	costs							752
Cost oftrustees'	meetings							66
Depreciation of	tangible
fixed assets				32,216	19,557	32,216	83,989	84,014
Loss on sale oftangible fixed assets								~704)
				165,970	37,505	190,851	394,326	407,054
Overheads
							2021	2020
					Other	Investment
					trading	management	Total	Total
					activities	costs	activities	activities
Hire ofplant and machinery					5,043		5,043	5,128
Travel and accoriunodation					656		656	2,569
Telephone					1,606		1,606	2,135
Stationery and postage					1,003		1,003	685
Sundries					134		134	318
Repairs and consumables					2,588	243	2,831	6,226
Depreciation of	tangible		fixed	assets	5,236	1,734	6,970	6,420
					16,266	1,977	18,243	23,481

		2021	2020
Depreciation	-owned assets	103,993	102,750
Hire ofplant and machinery Surplus on disposal offixed assets		8,298	10,201 ~704)

		2021	2020
Wages	and salaries	510,585	507,082
Other	pension costs	13,929	13,319
		524,514	520,401

	2021	2020
Garden centre	13	13
Arboretum	7	7
Office	2	2
	22	22

			Unrestricted	Restricted	Total
			fund	funds	funds
INCOME	AND ENDOWMENTS FROM
Donations	and	legacies	625	3,893	4,518
Charitable	activities
Arboretum			645,131		645,131
Other trading		activities	1,013,203		1,013,203
lnvestmcnt	income		95,531		95,531
Total			1,754,490	3,893	1,758,383

13.	COMPARATIVES continued	F	OR THE STATEMENT O	F FINANCIAL ACTIV	ITIES-
				Unrestricted	Restricted	Total
				fund	funds	funds
	EXPENDITURE ON
	Raising funds
	Other trading activities			963,516		963,516
	Investment management		costs	38,976	4,499	43,475
				1,002,492	4,499	1,006,991
	Charitable activities
	Arboretum			492,040	1,195	493,235
	Other			2,512		2,512
	Total			1,497,044	5,694	1,502,738
	Net gains on investments			8,635		8,635
	NET INCOME/(EXPENDITURE)			266,081	(1,801)	264,280
	RECONCILIATION		OF FUNDS
	Total funds brought	forward		3,993,883	78,212	4,072,095
	TOTAL FUNDS CARRIED FORWARD			4,259,964	76,411	4,336,375
14.	TANGIBLE FIXED	ASSETS
				Freehold	"Leaves
				property	for
				and	Learning"	Plant and
				improvements	classroom	machinery
	COST
	At 1st February 2020			3,767,951	68,019	280,588
	Additions			12,368		7,075
	At 31stJanuary 2021			3,780,319	68,019	287,663
	DEPRECIATION
	At 1st February 2020			554,505	14,992	130,530
	Charge for year			71,958	3,449	20,203
	At 31stJanuary 2021			626,463	18,441	150,733
	NET BOOK VALUE
	At 31stJanuary 2021			3,153,856	49,578	136,930
	At 31stJanuary 2020			3,213,446	53,027	150,058

		Office	Motor
		equipment	vehicles	Totals
COST
At 1st February	2020	44,503	57,613	4,218,674
Additions		7,581		27,024
At 31stJanuary	2021	52,084	57,613	4,245,698
DEPRECIATION
At 1st February	2020	34,186	39,153	773,366
Charge for year		3,768	4,615	103,993
At 31stJanuary	2021	37,954	43,768	877,359
NET BOOK VALUE
At 31stJanuary	2021	14,130	13,845	3,368,339
At 31stJanuary	2020	10,317	18,460	3,445,308

FIXEDASSET INVESTMENTS
	Listed
	investments
MARKET VAI UE
At 1st February 2020	446,356
Additions	16,192
Revaluations	58,525
At 31stJanuary 2021	521,073
NET BOOK VALUE
At 31stJanuary 2021	521,073
At 31stJanuary 2020	446,356

		Notes to the Financial for the Year Ended	Statements - continued 31stJanuary 2021
16.	STOCKS
				2021	2020
	Stocks			187,388	192,677
17,	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
				2021	2020
	Trade debtors			22,244	15,862
	Other debtors			1,300	3,400
	income tax recoverable			8,816	9,898
	Prepayments and accrued income			22,136	16,891
				54,496	46,051
18.	CREDITORS: AMOUNTS FALLING DUE WITHIN OiVE YEAR
				2021	2020
	Trade creditors			15,908	36,596
	Social security and other taxes			16,280	33,302
	Other creditors			1,660	4,964
	Accruals and deferred	income		97,927	78,730
				131,775	153592
19.	MOVEMENT IN FUNDS
				Net
				movement	At
			At 1/2/20	in funds	31/1/21
	Unrestricted funds
	General fund		4,259,964	252,164	4,512,128
	Restricted funds
	Leaves for Learning project		53,679	(3,449)	50,230
	Play Area project		5,950	(1,950)	4,000
	The Art ofConservation	lino print	1,406	(211)	1,195
	Bricks in the Wall project		9,448	2,221	11,669
	Head gardener seed collection travel
	costs Forest School project		5,000 928	~)49)	5,000 779
			76,411	~3,533)	72,373
	TOTAL FUNDS		4,336,375	248,626	4,585,001

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted funds
General fund			1,560,171	(1,366,532)	58,525	252,164
Restricted funds
Leaves for Learning project				(3,449)		(3,449)
Play Area project				(1,950)		(1,950)
The Art ofConservation	lino	print		(211)		(211)
Bricks in the Wall project Forest School project			2,878	(657) ~149)		2,221 ~149)
			2,878	~6,416)		~3,53 8)
TOTAL FUNDS			1,563,049	~)372,948)	58,525	248,626
Comparatives for movement		in funds
					Net
					movement	At
				At 1/2/19	in funds	31/1/20
Unrestricted funds
General fund				3,993,883	266,081	4,259,964
Restricted funds
Leaves for Learning project				57,128	(3,449)	53,679
Play Area project				7,000	(1,050)	5,950
The Art ofConservation	lino	print		1,654	(248)	1,406
Bricks in the Wall project				6,052	3,396	9,448
Head gardener seed collection		travel
costs Forest School project				5,000 1,378	~450)	5,000 928
				78,212	~),80))	76,411
TOTAL FUNDS				4,072,095	264,280	4,336,375

		Incoming	Incoming	Resources	Gains and	Movement
		resources		expended	losses	in funds
Unrestricted funds
General fund		1,754,490		(1,497,044)	8,635	266,081
Restricted funds
Leaves for Learning project				(3,449)		(3,449)
Play Area project The Art ofConservation	lino print			(1,050) (248)		(1,050) (248)
Bricks in the Wall project Forest School project			3,893	(497) ~450)		3,396 ~450)
			3,893	~5,694)		~),801)
TOTAL FUNDS		1,758,383		~),502,738)	8,635	264,280
A current year 12 months	and prior year	12 months	combined	position is as follows;
					Net
					movement	At
				At 1/2/19	in funds	31/1/21
Unrestricted funds
General fund				3,993,883	518,245	4,512,128
Restricted funds
Leaves for Learning project				57,128	(6,898)	50,230
Play Area project				7,000	(3,000)	4,000
Thc Art ofConservation	lino print			1,654	(459)	1,195
Bricks in the Wall project				6,052	5,617	11,669
Head gardener seed collection travel
costs Forest School project				5,000 1,378	~599)	5,000 779
				78,212	~5,339)	72,873
TOTAL FUNDS				4,072,095	512,906	4,585,001

		incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted funds
General fund		3,314,661	(2,863,576)	67,160	518,245
Restricted funds
Leaves for Learning project			(6,898)		(6,898)
Play Area project			(3,000)		(3,000)
The Art ofConservation	lino print		(459)		(459)
Bricks in the Wall project Forest School project		6,771	(1,154) ~599)		5,617 ~599)
		6,771	~12,))0)		~5,339)
TOTAL FUNDS		3,32),432	i2, 875,686)	67,160	512,906