2021-12-31-accounts

		Page
Reference and Administrative Details
Chairman's Report
Report ofthe TrUstees	3	to	8
Independent Examiner's Report
Statement of Financial Activities		10
Statement ofFinancial Position	11	to	12
Statement ofCash Flows		13
Notes to the Statement ofCash Flows		14
Notes to the Financial Statements	15	to	24

TRUSTEES		Mr M J Cartwright	(appointed	(appointed	24.2.21)
		Mr D A W Hardie
		Dr M Doble (appointed		31.3.21)
		Ms F L Gristock
		Mr TToghill
		Ms VAspinall
		Ms MT Mako
		Ms C R Sinclair
		Ms G Stoten
COMPANY SECRETARY		Mr D P Hamilton
REGISTERED	OFFICE	Painswick Rococo	Garden Trust
		Gloucester Road
		Painswick
		Gloucestershire
		GL6 6TH
REGISTERED	COMPANY	05321203(England	and	Wales)
NUMBER
REGISTERED	CHARITY	1107844
NUMBER
INDEPENDENT	EXAMINER	Andorran Limited
		6 Manor Park Business		Centre
		Mackenzie Way
		Cheltenham
		Gloucestershire
		GL51 9TX

		F	OR THE	YEAR ENDED 3'I DECE	IIBER2021
					31.12.21	31.12.20
					Unrestricted	Total
					fund	funds
				Notes	E	E
INCOME	AND ENDOWMENTS		FROM
Donations	and legacies				190,750	141,194
Charitable	activities
Operation	ofgarden				299,517	202,204
Friends					29,811	22,601
Investment	income
Total					520,083	366,006
EXPENDITURE ON
Raising funds					2,266
Charitable	activities
Operation	ofgarden				334,215	411,191
Friends					220
Total					336,701	411,191
NET INCOME/(EXPENDITURE)					183,382	(45,185)
RECONCILIATION		OF FUNDS
Total funds brought forward					159,096	204,281
TOTAL FUNDS CARRIED FORWARD					342,478	159,096

	STA	TEIIENT OF FINANCIAL P 31 DECEMBER 2021	OSITION
			31.12.21	31.12.20
			Unrestricted	Total
			fund	funds
		Notes	F	E
FIXEDASSETS
Tangible assets		15	110,352	108,119
Investments		16	30,000	30,000
			140,352	138,119
CURRENT ASSETS
Debtors Cash at bank and	in hand	17	107,369 203,930	50,310 135,529
			311,299	185,839
CREDITORS
Amounts falling due within one year		18	(37,506)	(73,195)
NET CURRENT ASSETS			273,793	112,644
TOTAL ASSETS	LESSCURRENT
LIABILITIES			414,145	250,763
CREDITORS
Amounts falling due after more than one year 19			(71,667)	(91,667)
NET ASSETS			342,478	159,096
FUNDS		21
Unrestricted funds			342,478	159,096
TOTAL FUNDS			342,478	159,096

			FOR TH	E YEAR ENDED 3	1 DECEMBER 2021
					31.12.21	31.12.20
				Notes
Cash flows from	operating		activities
Cash generated from operations					89,860	13,203
Interest paid					(1,641)
Net cash provided	by operating activities				88,219	13,203
Cash flows from	investing		activities
Purchase oftangible fixed assets					(11,490)	(874)
Interest received					5	7
Net cash used in	investing	activities			(11,485)	(867)
Cash flows from	financing		activities
New loans in year						100,000
Loan repayments	in year				(8,333)
Net cash (used in)/provided			by financing	activities	(8,333)	100,000
Change in cash	and cash		equivalents
in the reporting	period				68,401	112,336
Cash and cash equivalents			at the
beginning ofthe	reporting		period		135,529	23,193
Cash and cash equivalents			at the end
ofthe reporting	period				203,930	135,529

ACTIVITIES
			31.12.21	31.12.20
				E
Net income/(expenditure)	for the reporting	period (as per the
Statement of Financial Adjustments for:	Activities)		183,382	(45,185)
Depreciation charges			9,257	9,379
Interest received Interest paid			(5) 1,641	(7)
Impairment expense				130,660
Increase in debtors Decrease in creditors			(57,059) (47,356)	(29,625) (52,019)
Net cash provided by operations			89,860	13,203

ANALYSIS OF C	HANG	ES IN NET FUNDS
			At 1.1.21	Cash flow	At 31.12.21
			F		F
Net cash
Cash at bank and	in hand		135,529	68,401	203,930
			135,529	68,401	203,930
Debt
Debts falling due Debts falling due	within 1 year after 1 year		(8,333) (91,667)	(11,667) 20,000	(20,000) (71,667)
			(100,000)	8,333	(91,667)
Total			35,529	76,734	112,263

DONATIO	NS	AND L	EGACIES
				31.12.21	31.12.20
					F
Donations				50,357	53,833
Dividend	from	trading	subsidiary	83,629	20,000
Legacies				10,000
Grants				46,764	67,361
				190,750	141,194

Grants rec	e	ived, in	cluded	in the above,	are as follows:
							31.12.21	31.12.20
Coronavirus		Job Retention		Scheme			29,872	57,361
Stroud DC		Covid Grants					16,892	10,000
							46,764	67,361
INVESTMENT INCOME
							31.12.21	31.12.20
Deposit account interest								7
INCOME FROM CHARITABLE ACTIVITIES
							31.12.21	31.12.20
				Activity			E
Admissions				Operation	ofgarden		284,289	196,962
Events				Operation	ofgarden		9,060	4,869
Gardener's		Talks and
Trails				Operation	of garden		3,168	373
Grants				Operation	ofgarden		3,000
Admissions				Friends			29,811	22,601
							329,328	224,805
RAISING FUNDS
Raising donations			and legacies
							31.12.21	31.12.20
							F	E
Fundraising		costs					2,266
CHARITABLE ACTIVITIES COSTS
						Direct	Support
						Costs (see	costs (see
						note 9)	note 10)	Totals
							F	E
Operation	ofgarden					180,861	153,354	334,215
Friends						220		220
						181,081	153,354	334,435

					31.12.21	31.12.20
					F
Staff costs					108,157	128,271
Other direct costs					72,091	131,429
Other staff	costs				833	250
					181,081	259,950
SUPPORT	COSTS
					Governance
				Other 2	costs	Totals
					F	F
Operation	of	garden		152,191	1,163	153,354
Support costs, included			in the above, are	as follows:
					31.12.21	31.12.20
					Operation	Total
					ofgarden	activities
					E
Wages					127,082	91,570
Other support		costs			14,211	44,779
Depreciation		oftangible	fixed assets		9,257	9,379
Interest payable and similar charges					1,641
Accountancy		and legal	fees		1,163	5,513
					153,354	151,241
NET INCOME/(EXPENDITURE)
Net income/(expenditure)			is stated after charging/(crediting):
					31.12.21	31.12.20
					F	F
Depreciation		-owned assets			9,257	9,379
Independent		Examiner's	fees: Independent	Examination	1,000	350
Independent		Examiner's	fees: Preparation	of Financial Statements	150
Loan interest					1,641

STAFF COSTS
						31.12.21	31.12.20
						E
Wages and salaries						211,078	199,969
Social security costs						9,965	7,767
Other pension costs						14,196	12,105
						235,239	219,841
The average monthly	number of	employees		during the year	was as follows:
						31.12.21	31.12.20
Headcount						16	16
No employees received emoluments			in excess of260,000.
COMPARATIVES FOR THE STATEIIENT				OF FINANCIAL	ACTIVITIES
All transactions were	unrestricted	in	the prior year.
TANGIBLE FIXEDASSETS
					Furniture
				Freehold	and	Computer
				property	Equipment	equipment	Totals
				F		E
COST
At 1 January 2021				79,767	72,916	4,047	156,730
Additions				983	7,637	2,870	11,490
Disposals					(10,000)		(10,000)
At 31 December 2021				80,750	70,553	6,917	158,220
DEPRECIATION
At 1 January 2021				1,210	44,853	2,548	48,611
Charge for year				1,210	5,825	2,222	9,257
Eliminated on disposal					(10,000)		(10,000)
At 31 December 2021				2,420	40,678	4,770	47,868
NET BOOK VALUE
At 31 December 2021				78,330	29,875	2,147	110,352
At 31 December 2020				78,557	28,063	1,499	108,119

FIXEDASSET INVESTMENTS
	Shares in
	group
	undertakings
	P
MARKET VALUE
At 1 January 2021 and
31 December 2021	30,000
NET BOOK VALUE
At 31 December 2021	30,000
At 31 December 2020	30,000

	There were no investment	asse	ts outside the UK.	ts outside the UK.
	The company's investments	at	the balance sheet		date	in the share	capital ofcompanies		include the
	following:
	Painswick Garden Estate	Limited
	Registered office: The Coach House, Painswick Rococo Garden,						Painswick,	Gloucestershire,		GL6
	6TH.
	Nature ofbusiness: Operation		ofcafe and wedding		venue.
				'/o
	Class ofshare			holding
	Ordinary				100
								31.12.21	31.12.20
								F		E
	Aggregate capital and reserves							13,818		19,640
	Loss for the year							(5,822)		(5,364)
17.	DEBTORS:AMOUNTS FALLING DUE			WITHIN ONE		YEAR
								31.12.21	31.12.20
	Trade debtors							583		1,035
	Amounts owed by group undertakings							9,330		10,622
	Prepayments and accrued	income						97,456		38,653
								107,369		50,310

CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
				31.12.21	31.12.20
				E
Bank loans and overdrafts		(see note 20)		20,000	8,333
Trade creditors				10,724	6,354
Social security and other		taxes		3,553	27,318
VAT				110
Other creditors				1,969	380
Accruals and deferred	income			1,150	30,810
				37,506	73,195
CREDITORS: AMOUNTS		FALLING DUE AFTER MORE THAN ONE YEAR
				31.12.21	31.12.20
					F
Bank loans (see note	20)			71,667	91,667
LOANS
An analysis ofthe maturity		of	loans is given below:
				31.12.21	31.12.20
					E
Amounts falling due within		one year on demand:
Bank loans				20,000	8,333
Amounts falling between one			and two years:
Bank loans - 1-2years				20,000	20,000
Amounts falling due between			two and five years:
Bank loans —2-5years				51,667	71,667

MOVEM	ENT	IN FUNDS
				Net
				movement	At
			At 1.1.21	in funds	31.12.21
				F
Unrestricted		funds
General	fund		159,096	183,382	342,478
TOTAL	FUNDS		159,096	183,382	342,478

Net mov	ement	in funds, included in the	above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
			E		E
Unrestricted		funds
General	fund		520,083	(336,701)	183,382
TOTAL	FUNDS		520,083	(336,701)	183,382

			Net
			movement	At
		At 1.1.20	in funds	31.12.20
			F	E
Unrestricted	funds
General fund		204,281	(45,185)	159,096
TOTAL FUNDS		204,281	(45,185)	159,096

Compara	tive	net movement in funds, inc	luded in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
				P
Unrestricted		funds
General	fund		366,006	(411,191)	(45,185)
TOTAL	FUNDS		366,006	(411,191)	(45,185)