2022-12-31-accounts - Painswick Rococo Garden Trust

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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 of Financial Position	11	to	12
Statement of Cash Flows		13
Notes to the Statement of Cash Flows		14
Notes to the Financial Statements	15 to		24

	F	OR THE	YEAR ENDED 31 DECE	MBER 2022
				31.12.22	31.12.21
				Unrestricted	Total
				fund	funds
			Notes	8	F
INCOME AND ENDOWMENTS		FROM
Donations and legacies				117,594	190,750
Charitable activities Operation of garden Friends				331,411 29,509	299,517 29,811
Investment income				1,002
Other income				1,000
Total				480,516	520,083
EXPENDITURE ON
Raising funds				1,844	2,266
Charitable activities
Operation ofgarden Friends				421,770 1,302	334,215 220
Total				424,916	336,701
NET INCOME				55,600	183,382
RECONCILIATION	OF FUNDS
Total funds brought	forward			342,478	159,096
TOTAL FUNDS CARRIED FORWARD				398,078	342,478

		31 DECEMBER 2022
			31.12.22	31.12.21
			Unrestricted	Total
			fund	funds
		Notes	6	6
FIXEDASSETS Tangible assets Investments		16 17	104,390 30,000	110,352 30,000
			134,390	140,352
CURRENT ASSETS
Assets under construction Debtors Cash at bank and in hand		18 19	183,534 95,511 147,580	107,369 203,930
			426,625	311,299
CREDITORS
Amounts falling due within one year		20	(111,270)	(37,506)
NET CURRENT ASSETS			315,355	273,793
TOTAL ASSETS LIABILITIES	LESS CURRENT		449,745	414,145
CRED ITORS Amounts falling due after more than one year 21			(51,667)	(71,667)
NET ASSETS			398,078	342,478
FUNDS Unrestricted funds		23	398,078	342,478
TOTAL FUNDS			398,078	342,478

		Notes	31.12.22 f	31.12.21 F
Cash flows from operating activities Cash generated from operations Interest paid		1	(33,280) (3,128)	89,860 (1,641)
Net cash (used in)/provided	by operating	activities	(36,408)	88,219
Cash flows from investing activities Purchase of tangible fixed assets Interest received			(944) 1,002	(11,490) 5
Net cash provided by/(used	in) investing	activities	58	(11,485)
Cash flows from financing Loan repayments in year	activities		(20,000)	(8,333)
Net cash used in financing activities			(20,000)	(8,333)
Change in cash and cash in the reporting period	equivalents		(56,350)	68,401
Cash and cash equivalents beginning ofthe reporting	at the period		203,930	135,529
Cash and cash equivalents ofthe reporting period	at the end		147,580	203,930

			NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022	NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022	NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022	NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022	NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022	NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022	NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022
	RECONCILIATION		OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
								31.12.22	31.12.21
								F	E
	Net Income for the		reporting			period (as per the Statement	of
	Financial Activities)							55,600	183,382
	Adjustments for:
	Depreciation charges							6,906	9,257
	Interest received							(1,002)	(5)
	Interest paid							3,128	1,641
	Increase in assets	under construction						(183,534)
	Decrease/(increase)		in	debtors				11,858	(57,059)
	Increase/(decrease)		in	creditors				73,764	(47,356)
	Net cash (used in)/provided					by operations		(33,280)	89,860
2.	ANALYSIS OF CHANGES				IN	NET FUNDS
							At 1.1.22	Cash flow	At 31.12.22
							6
	Net cash
	Cash at bank and	in	hand				203,930	(56,350)	147,580
							203,930	(56,350)	147,580
	Debt
	Debts falling due within			1 year			(20,000)		(20,000)
	Debts falling due after			1 year			(71,667)	20,000	(51,667)
							(91,667)	20,000	(71,667)
	Total						112,263	(36,350)	75,913

	Grants received, incl	uded	in the above,	are as follows:
					31.12.22	31.12.21 f
	Coronavirus Job Retention Stroud DC Covid Grants		Scheme		1,778	29,872 16,892
					1,778	46,764
5.	INVESTMENT INCOME				31.12.22	31.12.21
					F	5
	Deposit account interest				1,002	5
	INCOME FROM CHARITABLE ACTIVITIES				31.12.22	31.12.21
	Admissions Events		Activity Operation Operation	of garden of garden	F 314,920 4,723	5 284,289 9,060
	Gardener's Talks and Trails Grants Admissions		Operation Operation Friends	of garden of garden	11,768 29,509	3,168 3,000 29,811
					360,920	329,328
7.	OTHER INCOME				31.12.22	31.12.21
					6	6
	Rental income				1,000
8.	RAISING FUNDS
	Raising donations	and	legacies		31.12.22	31.12.21
					5	6
	Fundraising costs				1,844	2,266

				Direct	Support
				Costs (see	costs (see
				note 10)	note 11)	Totals
					6	6
	Operation of garden Friends			239,512 1,302	182,258	421,770 1,302
				240,814	182,258	423,072
10.	DIRECT COSTS OF CHARITABLE ACTIVITIES				31.12.22	31.12.21
					E	6
	Staff costs				112,099	108,157
	Other direct costs				125,292	72,091
	Other staff costs				3,423	833
					240,814	181,081
11.	SUPPORT COSTS
					Governance
				Other 2	costs	Totals
				f	6	E
	Operation of	garden		170,123	12,135	182,258
	Support costs, included		in the above, are as follows:		31.12.22	31.12.21
					Operation	Total
					of garden	activities
					6	6
	Wages Other support costs Depreciation of tangible tixed assets Interest payable and similar charges Accountancy and legal fees				143,315 16,775 6,905 3,128 12,135	127,082 14,211 9,257 1,641 1,163
					182,258	153,354
12.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated after charging/(crediting):
					31.12.22	31.12.21
					E
	Depreciation Independent Independent Loan interest	- owned assets Examiner's fees: Independent Examiner's fees: Preparation		Examination of Financial Statements	6,906 1,075 325 3,118	9,257 1,000 150 1,641

		31.12.22	31.12.21
		F	6
Wages Social Other	and salaries security costs pension costs	227,442 12,404 15,568	211,078 9,965 14,196
		255,414	235,239

The average monthly number of	em	ployees during the year	was as follows:
				31.12.22	31.12.21
Headcount				16	16
No employees received emoluments		in excess of660,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL			ACTIVITIES
All transactions were unrestricted	in	the prior year.
TANGIBLE FIXEDASSETS
			Furniture
		Freehold	and	Computer
		property f	Equipment 8	equipment 6	Totals 6
COST
At 1 January 2022		80,750	70,553	6,917	158,220
Additions			944		944
Disposals			(825)		(825)
At 31 December 2022		80,750	70,672	6,917	158,339
DEPRECIATION
At 1 January 2022 Charge for year		2,420 1,210	40,678 4,506	4,770 1,190	47,868 6,906
Eliminated on disposal			(825)	-	(825)
At 31 December 2022		3,630	44,359	5,960	53,949
NET BOOK VALUE
At 31 December 2022		77,120	26,313	957	104,390
At 31 December 2021		78,330	29,875	2,147	110,352

	Nature of business: Operation ofcafe and	wedding venue.
		'/o
	Class ofshare	holding
	Ordinary	100	31.12.22	31.12.21
	Aggregate capital and reserves Loss for the year		13,760 (58)	13,818 (5,822)
18.	ASSETS UNDER CONSTRUCTION		31.12.22	31.12.21
			E	F
	Visitor Centre		183,534


19.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
					31.12.22	31.12.21
					6
	Trade debtors				620	583
	Amounts owed by group VAT	undertakings			6,586 13,016	9,330
	Prepayments and accrued		income		75,289	97,456
					95,511	107,369
20.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
					31.12.22	31.12.21
					8	8
	Bank loans and overdrafts		(see note 22)		20,000	20,000
	Trade creditors				22,103	10,724
	Social security and other VAT	taxes			6,542	3,553 110
	Other creditors				1,400	1,969
	Accruals and deferred income				61,225	1,150
					111,270	37,506
21.	CREDITORS: AMOUNTS		FALLING DUE AFTER MORE THAN ONE YEAR
					31.12.22 8	31.12.21 f
	Bank loans (see note 22)				51,667	71,667
22.	LOANS
	An analysis of the maturity		of	loans is given below:
					31.12.22	31.12.21
						8
	Amounts falling due within		one year on demand:
	Bank loans				20,000	20,000
	Amounts falling between		one	and two years:
	Bank loans				20,000	20,000
	Amounts falling due between Bank loans			two and five years:	31,667	51,667