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|||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||||
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|||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|
##
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|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|
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|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|
##
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|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|
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||||||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||
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|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|
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|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|
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|||||||
|---|---|---|---|---|---|
|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|
##
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|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)|
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