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