|||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|
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##
|||||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|
##
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##
##
##
##
##
##
##
##
|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|
##
##
##
##
##
##
##
##
##