| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 5 |
| Report ofthe Independent Auditors |
6 | to | 9 |
| Statement ofFinancial Activities |
10 | ||
| Balance Sheet | 11 | to | 12 |
| Cash Flow Statement | 13 | ||
| Notes to the Cash Flow Statement | 14 | ||
| Notes to the Financial Statements | 15 | to | 28 |
| for the | Year En | ded 31stJanuar | y 2022 |
||||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| Unrestricted | Restricted | Total | Total | ||||||
| fund | funds | funds | funds | ||||||
| Notes | |||||||||
| INCOME | AND ENDOWMENTS | FROM | |||||||
| Donations | and legacies | 40,452 | 2,122 | 42,574 | 70,523 | ||||
| Charitable | activities | ||||||||
| Arboretum | 847,450 | 847,450 | 610,033 | ||||||
| Other trading activities | 3 | 1,126,956 | 1,126,956 | 817,704 | |||||
| Investment | income | 4 | 104,216 | 104,216 | 64,789 | ||||
| Total | 2,119,074 | 2,122 | 2,121,196 | 1,563,049 | |||||
| EXPENDITURE ON | |||||||||
| Raising funds | |||||||||
| Other trading activities |
6 | 1,045,895 | 1,045,895 | 861,979 | |||||
| Investment | management | costs | 7 | 41,851 | 4,949 | 46,800 | 39,482 | ||
| 1,087,746 | 4,949 | 1,092,695 | 901,461 | ||||||
| Charitable | activities | ||||||||
| Arboretum | 499,419 | 1,091 | 500,510 | 471,487 | |||||
| Other | 4,115 | 4,115 | |||||||
| Total | 1,591,280 | 6,040 | 1,597,320 | 1,372,948 | |||||
| Net gains | on investments | 43,513 | 43,513 | 58,525 | |||||
| NET INCOME/(EXPENDITURE) | 571,307 | (3,918) | 567,389 | 248,626 | |||||
| RECONCILIATION | OF FUNDS | ||||||||
| Total funds brought | forward | 4,512,128 | 72,873 | 4,585,001 | 4,336,375 | ||||
| TOTAL FUNDS CARRIED FORWARD | 5,083,435 | 68,955 | 5,152,390 | 4,585,001 |
| T | he Batsford Foundation | he Batsford Foundation | ||||
|---|---|---|---|---|---|---|
| Balance Sheet | ||||||
| 31st | January 2022 |
|||||
| 2022 | 2021 | |||||
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | f. | |||||
| FIXEDASSETS | ||||||
| Tangible assets | 14 | 3,664,914 | 63,303 | 3,728,217 | 3,368,339 | |
| Investments | 15 | 587,220 | 587,220 | 521,073 | ||
| 4,252,134 | 63,303 | 4,315,437 | 3,889,412 | |||
| CURRENT ASSETS | ||||||
| Stocks | 16 | 203,512 | 203,512 | 187,388 | ||
| Debtors | 17 | 69,169 | 69,169 | 54,496 | ||
| Cash at bank and in hand | 881,274 | 5,652 | 886,926 | 585,480 | ||
| 1,153,955 | 5,652 | 1,159,607 | 827,364 | |||
| CREDITORS | ||||||
| Amounts falling due within |
one year | 18 | (322,654) | (322,654) | (131,775) | |
| NET CURRENT ASSETS | 831,301 | 5,652 | 836,953 | 695,589 | ||
| TOTAL ASSETSLESSCURRENT | ||||||
| LIABILITIES | 5,083,435 | 68,955 | 5,152,390 | 4,585,001 | ||
| NET ASSETS | 5 I383,435 | 68,955 | 5,152,390 | 4,585,001 | ||
| FUNDS | 19 | |||||
| Unrestricted funds: |
||||||
| General fund | 5,083,435 | 4,512,128 | ||||
| Restricted funds: | ||||||
| Leaves for Learning project | 46,781 | 50,230 | ||||
| Play Area project | 2,500 | 4,000 | ||||
| The Art ofConservation | lino print | 1,016 | 1,195 | |||
| Bricks in the Wall project | 13,028 | 11,669 | ||||
| Head gardener seed collection travel costs |
5,000 | 5,000 | ||||
| Forest School project | 630 | 779 | ||||
| 68,955 | 72,873 | |||||
| TOTAL FUNDS | 5,152,390 | 4,585,001 |
| Cash Flow Statement | ||||||
|---|---|---|---|---|---|---|
| for | the | Year Ended 31stJanuary | 2022 | |||
| 2022 | 2021 | |||||
| Notes | E | |||||
| Cash flows from operating | activities | |||||
| Cash generated from operations |
783,226 | 264,461 | ||||
| Net cash provided by operating activities |
783,226 | 264,461 | ||||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed assets | (467,887) | (27,024) | ||||
| Purchase offixed asset investments | (22,634) | (16,192) | ||||
| Sale oftangible fixed assets |
1,500 | |||||
| Interest received | 607 | 468 | ||||
| Dividends received |
6,634 | 4,192 | ||||
| Net cash used in investing | activities | i481,7813) | ~38,556) | |||
| Change in cash and cash | equivalents | in | ||||
| the reporting period |
301,446 | 225,905 | ||||
| Cash and cash equivalents | at the | |||||
| beginning ofthe reporting |
period | 585,480 | 359,575 | |||
| Cash and cash equivalents | at the | end | of | |||
| the reporting period |
886,926 | 585,480 |
| RECONCILIATIO ACTIVITIES |
N OF NE |
T INCOME TO NET CASH FLOW F | ROM OPERATIN | G |
|---|---|---|---|---|
| 2022 | 2021 | |||
| Net income for the | reporting | period (as per the Statement of | ||
| Financial Activities) | 567,389 | 248,626 | ||
| Adjustments for: |
||||
| Depreciation charges |
103,107 | 103,996 | ||
| Gain on investments | (43,513) | (58,525) | ||
| Loss on disposal of | fixed assets | 3,402 | ||
| Interest received | (607) | (468) | ||
| Dividends received |
(6,634) | (4,192) | ||
| (Increase)/decrease | in stocks | (16,124) | 5,286 | |
| Increase in debtors Increase/(decrease) |
in creditors | (14,673) 190,879 |
(8,445) ~21,8177 |
|
| Net cash provided | by operations | 783,226 | 264,461 |
| ANALYSIS OF CHANGES IN NET FU | NDS | ||
|---|---|---|---|
| At 1/2/21 | Cash flow | At 31/1/22 | |
| E | |||
| Net cash | |||
| Cash at bank and in hand | 585,480 | 301,446 | 886,926 |
| 585,480 | 301,446 | 886,926 | |
| Total | 585,480 | 301,446 | 886,926 |
| DONATION | S AND LEGACIES |
||
|---|---|---|---|
| 2022 | 2021 | ||
| E | |||
| Donations | 4,574 | 3,876 | |
| Government | grants | 38,000 | 66,647 |
| 42,574 | 70,523 |
| for the Year Ended 31stJanuary | 2022 | ||||
|---|---|---|---|---|---|
| 3. | OTHER TRADING ACTIVITIES | ||||
| 2022 | 2021 | ||||
| Arboretum shop sales |
133,279 | 69,480 | |||
| Garden centre plant sales | 430,791 | 327,062 | |||
| Garden centre shop sales | 553,639 | 416,725 | |||
| Events | 8,123 | 4,437 | |||
| Compensation | 1,124 | ||||
| 1,126,956 | 817,704 | ||||
| 4. | INVESTMENT INCOME | ||||
| 2022 | 2021 | ||||
| Rents receivable | 96,975 | 60,129 | |||
| Dividends and similar distributions |
6,634 | 4,192 | |||
| Interest receivable | 607 | 468 | |||
| 104,216 | 64,789 | ||||
| 5. | INCOME FROM CHARITABLE ACTIVITIES | ||||
| 2022 | 2021 | ||||
| Activity | |||||
| Entrance fees | Arboretum | 847,450 | 610,033 | ||
| 6. | OTHER TRADING ACTIVITIES | ||||
| 2022 | 2021 | ||||
| Opening stock |
187,388 | 192,677 | |||
| Purchases | 628,067 | 435,658 | |||
| Closing stock | (203,512) | (187,388) | |||
| Staff costs | 233,681 | 231,101 | |||
| Payment processing charges |
9,431 | 7,695 | |||
| Support costs | 190,840 | 182,236 | |||
| 1,045,895 | 861,979 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Support costs | 46,800 | 39,482 | ||||
| 8. | CHARITABLE ACTIVITIES COSTS | |||||
| Support | ||||||
| Direct | costs (see | |||||
| Costs | note 9) | Totals | ||||
| Arboretum | 303,581 | 196,929 | 500,510 | |||
| 9. | SUPPORT | COSTS | ||||
| Central costs | Overheads | Totals | ||||
| E | ||||||
| Other trading activities | 176,386 | 14,454 | 190,840 | |||
| Investment | management | costs | 40,625 | 6,175 | 46,800 | |
| Arboretum | 196,929 | 196,929 | ||||
| 413,940 | 20,629 | 434,569 |
| Central costs | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Other | Investment | ||||
| trading | management | Total | Total | ||
| activities | costs | Arboretum | activities | activities | |
| Salaries and wages | 36,684 | 5,464 | 35,904 | 78,052 | 70,810 |
| Pensions | 7,795 | 278 | 5,847 | 13,920 | 13,929 |
| Rates and water | 3,962 | 3,961 | 7,923 | 8,618 | |
| Insurance | 6,368 | 1,415 | 6,368 | 14,151 | 13,541 |
| Light and heat | 16,882 | 5,065 | 11,818 | 33,765 | 22,553 |
| Telephone and internet |
3,218 | 3,932 | 7,150 | 7,174 | |
| Postage and stationery | 558 | 1„301 | 1,859 | 885 | |
| Sundries | 1,026 | 79 | 1,525 | 2,630 | 3,958 |
| Health insurance |
3,450 | 147 | 3,744 | 7,341 | 7,734 |
| Training and college fees |
2,310 | 2,310 | 4,620 | 2,770 | |
| Motor and travel | 9,781 | 6,521 | 16,302 | 12,638 | |
| Repairs and maintenance | 14,244 | 3,165 | 14,244 | 31,653 | 38,845 |
| Staff uniforms | 1,195 | 797 | 1,992 | 1,652 | |
| Cleaning | 8,113 | 24,339 | 32,452 | 36,932 | |
| Advertising and public |
|||||
| relations | 1,054 | 527 | 8,961 | 10,542 | 3,379 |
| Carried forward | 116,640 | 16,140 | 131,572 | 264,352 | 245,418 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Other | Investment | |||||||
| trading | management | Total | Total | |||||
| activities | costs | Arboretum | activities | activities | ||||
| f | ||||||||
| Brought forward | 116,640 | 16,140 | 131,572 | 264,352 | 245,418 | |||
| Legal and professional | ||||||||
| fees | 1,000 | 1,000 | ||||||
| Bookkeeping | 10,533 | 878 | 6, 144 | 17,555 | 15,706 | |||
| Bank charges | 132 | 11 | 71 | 214 | 702 | |||
| Subscriptions | 1,180 | 1,181 | 2,361 | 2,548 | ||||
| Refreshments | 870 | 871 | 1,741 | 1,545 | ||||
| Security | 2,477 | 403 | 2,880 | 5,760 | 5,407 | |||
| Consultancy | 544 | 544 | 2,025 | |||||
| Computer expenses |
2,429 | 202 | 1,416 | 4,047 | 4,063 | |||
| Company secretary's |
fees | 2,400 | 1,200 | 8,400 | 12,000 | 12,000 | ||
| Audit fees | 2, | 155 | 431 | 6,034 | 8,620 | 8,280 | ||
| Accountancy | 2,220 | 444 | 6,216 | 8,880 | 12,643 | |||
| Trustees' travel costs |
100 | 300 | 400 | |||||
| Depreciation oftangible | ||||||||
| fixed assets | 31,848 | 19,372 | 31,844 | 83,064 | 83,989 | |||
| Loss on sale oftangible | ||||||||
| fixed assets | 3,402 | 3,402 | ||||||
| 176,386 | 40,625 | 196,929 | 413,940 | 394,326 | ||||
| Overheads | ||||||||
| 2022 | 2021 | |||||||
| Other | Investment | |||||||
| trading | management | Total | Total | |||||
| activities | costs | activities | activities | |||||
| Hire ofplant and machinery | 5,005 | 5,005 | 5,043 | |||||
| Travel and accommodation | 70 | 70 | 656 | |||||
| Telephone | 1,762 | 1,762 | 1,606 | |||||
| Stationery and postage |
1,049 | 1,049 | 1,003 | |||||
| Sundries | 66 | 66 | 134 | |||||
| Repairs and consumables | 1,587 | 4,392 | 5,979 | 2,831 | ||||
| Depreciation oftangible | fixed | assets | 4,915 | 1,783 | 6,698 | 6,970 | ||
| 14,454 | 6,175 | 20,629 | 18,243 |
| 2022 | 2021 | ||
|---|---|---|---|
| Depreciation | - owned assets | 103,107 | 103,993 |
| Hire ofplant | and machinery | 10,228 | 8,298 |
| Deficit on disposal offixed assets | 3,402 |
| 2022 | 2021 | ||
|---|---|---|---|
| Wages | and salaries | 523,093 | 510,585 |
| Other | pension costs | 13,920 | 13,929 |
| 537,013 | 524,514 |
| 2022 | 2021 | |
|---|---|---|
| Garden centre | 16 | 13 |
| Arboretum | 7 | 7 |
| Office | 2 | 2 |
| 25 |
| Notes to the Financial Statements - continued for the Year Ended 31stJanuary 2022 |
Notes to the Financial Statements - continued for the Year Ended 31stJanuary 2022 |
Notes to the Financial Statements - continued for the Year Ended 31stJanuary 2022 |
Notes to the Financial Statements - continued for the Year Ended 31stJanuary 2022 |
Notes to the Financial Statements - continued for the Year Ended 31stJanuary 2022 |
||
|---|---|---|---|---|---|---|
| 13. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||||
| Unrestricted | Restricted | Total | ||||
| fund | funds | funds | ||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
67,645 | 2,878 | 70,523 | |||
| Charitable activities |
||||||
| Arboretum | 610,033 | 610,033 | ||||
| Other trading activities | 817,704 | 817,704 | ||||
| Investment income |
64,789 | 64,789 | ||||
| Total | 1,560, 171 | 2,878 | 1,563,049 | |||
| EXPENDITURE ON | ||||||
| Raising funds | ||||||
| Other trading activities |
861,979 | 861,979 | ||||
| Investment management |
costs | 34,083 | 5,399 | 39,482 | ||
| 896,062 | 5,399 | 901,461 | ||||
| Charitable activities |
||||||
| Arboretum | 470,470 | 1,017 | 471,487 | |||
| Total | 1,366,532 | 6,416 | 1,372,948 | |||
| Net gains on investments | 58,525 | 58,525 | ||||
| NET INCOME/(EXPENDITURE) | 252,164 | (3,538) | 248,626 | |||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 4,259,964 | 76,411 | 4,336,375 | ||
| TOTAL FUNDS CARRIED FORWARD | 4,512,128 | 72,873 | 4,585,001 |
| TANGIBLE FIXEDASSETS | |||
|---|---|---|---|
| Freehold | "Leaves | ||
| property | for | ||
| and | Learning" | Plant and | |
| improvements | classroom | machinery | |
| COST | |||
| At 1st February 2021 | 3,780,319 | 68,019 | 287,663 |
| Additions | 433,707 | 29,323 | |
| Disposals | |||
| At 31stJanuary 2022 | 4,214,026 | 68,019 | 316,986 |
| DEPRECIATION | |||
| At 1st February 2021 | 626,463 | 18,441 | 150,733 |
| Charge for year | 72,758 | 3,449 | 20,209 |
| Eliminated on disposal |
|||
| At 31stJanuary 2022 | 699,221 | 21,890 | 170,942 |
| NET BOOK VALUE | |||
| At 31stJanuary 2022 | 3,514,805 | 46,129 | 146,044 |
| At 31stJanuary 2021 | 3,153,856 | 49,578 | 136,930 |
| Office | Motor | ||
| equipment | vehicles | Totals | |
| COST | |||
| At 1st February 2021 | 52,084 | 57,613 | 4,245,698 |
| Additions Disposals |
4,857 | ~16,900) | 467,887 ~)6,900) |
| At 31stJanuary 2022 | 56 941 | 40,7)3 | 4 696,685 |
| DEPRECIATION | |||
| At 1stFebruary 2021 | 37,954 | 43,768 | 877,359 |
| Charge for year Eliminated on disposal |
4,456 | 2,235 ~1),998) |
103,107 ~1),998) |
| At 31stJanuary 2022 | 42,410 | 34,005 | 968,468 |
| NET BOOK VALUE | |||
| At 31stJanuary 2022 | 14,531 | 6,708 | 3,728,217 |
| At 31stJanuary 2021 | 14,130 | 13,845 | 3,368,339 |
| FIXEDASSET | INVESTMENTS | |
|---|---|---|
| Listed | ||
| investments | ||
| MARKET VALUE | ||
| At 1st February | 2021 | 521,073 |
| Additions | 22,634 | |
| Revaluations | 43,513 | |
| At 31stJanuary | 2022 | 587,220 |
| NET BOOK VALUE | ||
| At 31stJanuary | 2022 | 587,220 |
| At 31stJanuary | 2021 | 521,073 |
| Listed | ||||
|---|---|---|---|---|
| investments | ||||
| Valuation | 114,565 | |||
| Cost | 472,655 | |||
| 587,220 | ||||
| 16. | STOCKS | |||
| 2022 | 2021 | |||
| Stocks | 203,512 | 187,388 | ||
| 17. | DEBTORS: | AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2022 | 2021 | |||
| Trade debtors | 10,585 | 22,244 | ||
| Other debtors | 22,965 | 1,300 | ||
| Income tax recoverable | 12,439 | 8,816 | ||
| Prepayments | and accrued income | 23,180 | 22,136 | |
| 69,169 | 54,496 |
| CREDITORS: AMOUN | TS FALLING DUE W | ITHIN ONE YEAR | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Trade creditors | 50,352 | 15,908 | ||
| Social security and other |
taxes | 5,460 | 16,280 | |
| Other creditors | 2,820 | 1,660 | ||
| Accruals and deferred income |
264,022 | 97,927 | ||
| 322,654 | 131,775 | |||
| MOVEMENT IN FUNDS | ||||
| Net | ||||
| movement | At | |||
| At 1/2/21 | in funds | 31/1/22 | ||
| Unrestricted funds |
||||
| General fund |
4,512,128 | 571,307 | 5,083,435 | |
| Restricted funds |
||||
| Leaves for Learning project | 50,230 | (3,449) | 46,781 | |
| Play Area project | 4,000 | (1,500) | 2,500 | |
| The Art ofConservation | lino print | 1,195 | (179) | 1,016 |
| Bricks in the Wall project | 11,669 | 1,359 | 13,028 | |
| Head gardener seed collection travel |
||||
| costs Forest School project |
5,000 779 |
~)49) | 5,000 630 |
|
| 72,1173 | ~3,9)8) | 611,955 | ||
| TOTAL FUNDS | 4,585,001 | 567,389 | 5,152,390 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted funds |
|||||
| General fund |
2,119,074 | (1,591,280) | 43,513 | 571,307 | |
| Restricted funds | |||||
| Leaves for Learning project | (3,449) | (3,449) | |||
| Play Area project | (1,500) | (1,500) | |||
| The Art ofConservation | lino print | (179) | (179) | ||
| Bricks in the Wall project Forest School project |
2,122 | (763) ~)49) |
1,359 ~)49) |
||
| 2,122 | ~6,040) | ~3.9f 8) | |||
| TOTAL FUNDS | 2,121,196 | ~),597,320) | 43,513 | 567,389 |
| Comparatives for move |
ment in funds |
|||
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At 1/2/20 | in funds | 31/1/21 | ||
| E | ||||
| 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 | ~3,538) | 72,873 | ||
| 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) | ~3,538) | |||
| TOTAL FUNDS | 1,563,049 | ~1,372,948) | 58,525 | 248,626 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At I/2/20 | in funds | 31/1/22 | ||
| Unrestricted funds |
||||
| General fund |
4,259,964 | 823,471 | 5,083,435 | |
| Restricted funds |
||||
| Leaves for Learning project | 53,679 | (6,898) | 46,781 | |
| Play Area project | 5,950 | (3,450) | 2,500 | |
| The Art ofConservation | lino print | 1,406 | (390) | 1,016 |
| Bricks in the Wall project | 9,448 | 3,580 | 13,028 | |
| Head gardener seed collection travel |
||||
| costs Forest School project |
5,000 928 |
~298) | 5,000 630 |
|
| 76,411 | ~7,456) | 68,955 | ||
| TOTAL FUNDS | 4,336,375 | 816,015 | 5,152,390 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted funds |
|||||
| General fund | 3,679,245 | (2,957,812) | 102,038 | 823,471 | |
| Restricted funds |
|||||
| Leaves for Learning project | (6,898) | (6,898) | |||
| Play Area project | (3,450) | (3,450) | |||
| The Art ofConservation | lino print | (390) | (390) | ||
| Bricks in the Wall project Forest School project |
5,000 | (1,420) ~298) |
3,580 ~298) |
||
| 5,000 | ~12,456) | ~7,456) | |||
| TOTAL FUNDS | 3,684,245 | ~2,970,268) | 102,038 | 816,015 |