Embercombe - a company limited by guarantee
Annual Report
Period Ended 31 December 2022
Company Registration Number 05943952 Charity Registration Number 1116793
1
TRUSTEES ANNUAL REPORT
The Trustees, who are also directors for the purposes of company law, submit their report and the unaudited financial statements of the Trust for the period ended 31 December 2022. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts, and comply with the Company’s Memorandum and Articles of Association, the Charities Act 2011, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), which was published on 16 July 2014. This report includes the Directors Report as required by Company Law.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number: 5943952 (England and Wales)
Registered Charity Number: 1116793
Registered Office: Embercombe, Higher Ashton, Exeter, Devon EX6 7QT
Trustees
Jacqueline Tallett – appointed November 2021
Emma Johnston-Donne – appointed February 2022
Anand Punja – appointed February 2022
Katherine Allso – appointed February 2022
Mark Turner – appointed February 2022 – resigned July 2022
Thomas Pritchard – appointed February 2022 – resigned November 2022
James Hicks – appointed February 2022 – resigned November 2022
Jacqueline Davis – appointed November 2019 – resigned November 2022
Bankers
The Co-Operative Bank - Skelmersdale WN8 6WT
The objects of the company are to promote all purposes which are charitable under the laws of England and Wales.
2
Governing Document
Embercombe is a charitable company limited by guarantee, having no share capital, incorporated under the Companies Act and governed in accordance with the Memorandum and Articles of Association dated 22 September 2006 and amended October 2015. It is a registered charity.
Chairs Report
The work of 2022 has been focused on creating a stable base for the charity to reset its strategic objectives and focus on aligning those objectives with what we call the beating heart of Embercombe. We have made many changes to Embercombe this year; some will continue into 2023.
Amongst the difficulty of change have emerged new shoots of growth. The deficit from last year of £214,165 has been reduced to a deficit of £9,881. The deficit has been driven by improving governance and control and deep dives into the expenditure base. This stability will allow us to focus on growing in a controlled way and expanding our activities at a difficult economic time.
The work we are undertaking is focused on solving several critical problems in society today: Disconnection from nature: People spend less time outdoors and do not feel a sense of belonging in the natural world.
Environmental destruction: Society continues to damage ecosystems, drive species extinct, and exhaust natural resources.
Purposelessness: Many feel aimless and need more meaning and fulfilment in the busy modern world.
We have aligned ourselves to these problems in the courses and development we offer; we believe in the importance of reconnection with the land, ourselves, and each other. Our approach through what we call the twin trail is now forming our future vision and the direction the charity is moving. We have emerged from the last two years stronger than we have ever been and are confident that the charity will continue to flourish in the coming years.
We have focused all programs and venue hires around the tenants our charity has embedded itself in. The team will add new courses over the next three years, and we are excited to be developing online course offerings to expand our reach and help those unable to attend our venue in person.
We continue to be thankful to be in a position where we can make a difference, being part of a growing community of like-minded people working with our Board of Trustees to carry the Trust forward.
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Reserves
The Board has over the last year monitored the reserve position closely, keeping cash flow forecast and expenditure under constant review. Our reserve policy going forward is to increase and maintain reserves at 6 times the monthly operating cost of the organisation.
The Charity’s reserves position at the year-end was as follows:
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Reserve FY2022 FY21-22
Unrestricted Funds - Reserves (145,810) (116,506)
Fixed Assets 1,135,910 1,158,116
Restricted Funds 53,116 11,487
Endowment Funds 914,993 914,993
Total 1,958,209 1,968,090
Annual operating expenditure 332,367 459,853
Ratio of reserves to annual operating expenditure 0.17 0.24
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(Endowment Funds – The endowment represents the gift of the freehold property to the charity together with expenditure by the previous trust on the property at Embercombe, prior to the company being formed)
Small Company Provisions
This report has been prepared in accordance with the small companies’ regime under the Companies Act 2006.
The annual report was Approved by the Trustees of the charity and signed on its behalf by:
Jacqueline Tallett – Chair of Trustees Date – 30/10/2023
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Charity Number: 1116793 Company Number: 5943952
Embercombe Annual Accounts for the period 01/04/22-31/12/22
Section A Statement of financial activities (including summary income and expenditure account)
| Guidance Note S01 S02 S03 S04 S05 S06 S07 Expenditure (Notes 5) Expenditure on: S08 S09 S10 S11 S12 S13 Tax payable S14 S15 Net gains/(losses) on investments S16 S17 Extraordinary items S18 S19 S20 Other gains/(losses) S21 S22 Reconciliation of funds: S23 S24 Raising funds Other Total funds carried forward Total Net income/(expenditure) after tax before investment gains/(losses) Net income/(expenditure) Transfers between funds Total funds brought forward Gains and losses on revaluation of fixed assets for the charity’s own use Charitable activities Separate material expense item Net movement in funds Other recognised gains/(losses): Net income/(expenditure) before tax for the reporting period Total Recommended categories by activity Income (Note 3) Income and endowments from: Donations and legacies Investments Charitable activities Other trading activities Separate material item of income Other |
Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03 22,349 49,350 - 224,944 25,728 - - - - 115 - - - - - - - - |
Total funds Prior year funds £ £ F04 F05 |
|---|---|---|
| 71,699 18,659 250,672 227,012 - - 115 17 - - - - |
||
| 247,408 75,078 - |
322,486 245,688 |
|
| - - 295,212 33,449 - - - 3,706 - - |
||
| - - 328,661 467,996 - - 3,706 8,143 - |
||
| 298,918 33,449 - |
332,367 459,853 |
|
| 51,510 - 41,629 - |
9,881 - 214,165 - |
|
| - - - |
- - |
|
| 51,510 - 41,629 - |
9,881 - 214,165 - |
|
| - - - |
- - |
|
| 51,510 - 41,629 - |
9,881 - 214,165 - |
|
| - - - - - - - - - - - - |
- - - |
|
| - - - - |
||
| 51,510 - 41,629 - |
9,881 - 214,165 - |
|
| 1,041,610 11,487 914,993 |
1,968,090 2,182,255 |
|
| 990,100 53,116 914,993 |
1,958,209 1,968,090 |
Embercombe Financials 31.12.22
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Charity Number: 1116793 Company Number: 5943952
Embercombe Annual Accounts for the period 01/04/22-31/12/22
Section B Balance sheet
| Guidance Note Fixed assets Intangible assets B01 Tangible assets (Note 9) B02 Heritage assets B03 Investments B04 Total fixed assets B05 Current assets Stocks (Note 10) B06 Debtors (Note 11) B07 Investments B08 Cash at bank and in hand (Note 13) B09 Total current assets B10 Creditors: amounts falling due within one year (Note 12) B11 Net current assets/(liabilities) B12 Total assets less current liabilities B13 Creditors: amounts falling due after one year (Note 12) B14 Provisions for liabilities B15 Total net assets or liabilities B16 Funds of the Charity Endowment funds (Note 14) B17 Restricted income funds (Note 14) B18 Unrestricted funds B19 Revaluation reserve B20 Fair value reserve B21 Total funds B22 |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 - - - - - 1,135,910 - 914,993 2,050,903 2,073,109 - - - - - - - - - - |
|---|---|
| 1,135,910 - 914,993 2,050,903 2,073,109 |
|
| 400 - - 400 400 3,199 - - 3,199 10,481 - - - - - 68,224 - - 68,224 12,477 |
|
| 71,823 - - 71,823 23,358 |
|
| 131,169 - - 131,169 98,555 |
|
| - 59,346 - - - 59,346 75,197 - |
|
| 1,076,564 - 914,9931,991,557 1,997,912 |
|
| 33,348 - - 33,348 29,822 - - - - - |
|
| 1,043,216 - 914,993 1,958,209 1,968,090 |
|
| - 914,993 914,993 914,993 53,116 53,116 11,487 990,100 - 990,100 1,041,610 - |
|
| 990,100 53,116 914,993 1,958,209 1,968,090 |
The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
| Signed by one or two trustees/directors on behalf of all the trustees/directors |
Date of approval dd/mm/yyyy 30/10/2023 Print Name Jaqueline Tallett |
|---|---|
Embercombe Financials 31.12.22
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Embercombe Charity Number: 1116793 Annual Accounts for the period 01/04/22-31/12/22 Company Number: 5943952
Section C Notes to the accounts
Note 1 Accounting Policies
1.1 Basis of preperation
The financial statements have been prepared under the historical cost convention with items being recognised at cost or transaction value unless otherwise stated in the notes to these accounts.
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP FRS 102 effective 1 January 2019), with FRS 102 and with the requirements of the Companies Act 2006 and the Charities Act 2011. The Charity constitutes a policy benefit entity as defined by FRS 102.
Critical accounting estimates and areas of judgement
The items in the financial statements where the Trustees have had to make significant judgements and estimates include:
-
●The estimates of the useful economic lives of the tangible fixed assets used to determine the depreciation charge
-
●The basis on which support costs have been allocated across the various expenditure headings
-
●The accounting for the Linhay property which was valued at lower cost and not realisable value and supported by a professional validation
1.2 Going concern
The reduction in deficit due to improved governance and control, and the resulting ability for the Charity to focus on growing and expanding our activities within a stable environment, leads the Trustees to conclude that a going concern assumption continues to be appropriate for the preparation of the financial statements.
1.3 Change of accounting policy
The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note 1.1
Embercombe Financials 31.12.22
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Charity Number: 1116793 Company Number: 5943952
Embercombe Annual Accounts for the period 01/04/22-31/12/22
Section C Notes to the accounts (cont)
Note 2 Accounting policies 2.1 INCOME
Recognition of income These are included in the Statement of Financial Activities (SoFA) when: the charity becomes entitled to the resources; it is more likely than not that the trustees will receive the resources; the monetary value can be measured with sufficient reliability. There has been no offsetting of assets and liabilities, or income and expenses, unless Offsetting required or permitted by the FRS 102 SORP or FRS 102. Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in Legacies the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Government grants The charity has received government grants in the reporting period Gift Aid receivable is included in income when there is a valid declaration from the donor. Tax reclaims on Any Gift Aid amount recovered on a donation is considered to be part of that gift and is donations and gifts treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Contractual income and This is only included in the SoFA once the charity has provided the related goods or performance related services or met the performance related conditions. grants Donated goods are measured at fair value (the amount for which the asset could be Donated goods exchanged) unless impractical to do so. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.
Donated services and Donated services and facilities are included in the SOFA when received at the value of facilities the gift to the charity provided the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. Support costs The charity has incurred expenditure on support costs. The value of any voluntary help received is not included in the accounts but is described Volunteer help in the trustees’ annual report. Income from interest, This is included in the accounts when receipt is probable and the amount receivable can royalties and dividends be measured reliably.
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Embercombe Financials 31.12.22
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Charity Number: 1116793 Company Number: 5943952
Embercombe Annual Accounts for the period 01/04/22-31/12/22
| Section C Notes to the accounts | (cont) |
|---|---|
| Grants with performance conditions 2.3 ASSETS Heritage assets Investment gains and losses This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Governance and support costs Creditors Redundancy cost The charity made no redundancy payments during the reporting period. Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. Settlement of insurance claims Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Income from membership subscriptions Investments They are valued at cost. They are valued at cost. The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 15. The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 16. The charity has creditors which are measured at settlement amounts less any trade discounts These are capitalised if they can be used for more than one year, and cost at least Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments They are valued at cost. Deferred income No material item of deferred income has been included in the accounts. Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial instruments Intangible fixed assets Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. 2.2 EXPENDITURE AND LIABILITIES The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Tangible fixed assets for use by charity Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Grants payable without performance conditions The depreciation rates and methods used are disclosed in note 14. |
Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a Yes No N/a* |
Embercombe Financials 31.12.22
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Charity Number: 1116793 Company Number: 5943952
Embercombe Annual Accounts for the period 01/04/22-31/12/22
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Section C Notes to the accounts (cont)
Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the lower or cost or Yes No N/a
progress net realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable Yes No N/a
value based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the Yes No N/a
contract.
Debtors (including trade debtors and loans receivable) are measured on initial
recognition at settlement amount after any trade discounts or amount advanced by the Yes No N/a
Debtors
charity. Subsequently, they are measured at the cash or other consideration expected to
be received.
The charity has investments which it holds for resale or pending their sale and cash and
Yes No N/a
Current asset investments cash equivalents with a maturity date less than one year. These include cash on deposit
and cash equivalents with a maturity of loss than one year held for investment purposes
rather than to meet short-term cash commitments as they fall due.
Yes No N/a
They are valued at fair value except where they qualify as basic financial instruments.
POLICIES ADOPTED
Depreciation is provided at the following annual rates to write off each asset over its estimated useful
ADDITIONAL TO OR
life as follows: Land and Buildings Straight line over 10 to 75 years on buildings only. Plant and
DIFFERENT FROM
Machinery 20% on reducing balance
THOSE ABOVE
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Embercombe Financials 31.12.22
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Charity Number: 1116793 Company Number: 5943952
Embercombe Annual Accounts for the period 01/04/22-31/12/22
Section C Notes to the accounts (cont)
Note 3 Income
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Restricted
Unrestricted income Endowment
Analysis of income funds funds funds Total funds Prior year
£ £
Donations Donations and gifts 20,672 42,098 - 62,770 7,370
and legacies: Gift Aid - - - - -
Legacies - - - - -
General grants provided by government/other
charities - 7,252 - 7,252 11,289
Membership subscriptions and sponsorships
which are in substance donations 1,677 - - 1,677
Donated goods, facilities and services - - - - -
Other - - - -
Total 22,349 49,350 - 71,699 18,659
Charitable Awards for All - Community Rewilding
- 9,996 - 9,996 -
activities:
Medicine Garden - 15,732 - 15,732 -
Programme Delivery 134,271 134,271
Venue Hire and Accomodation 90,294 - - 90,294 -
Other 379 - - 379 -
Total 224,944 25,728 - 250,672 227,012
Other trading
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Income from Interest income 115 - - 115 17
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total 115 - - [ 115 17 ]
Separate - - - - -
material item - - - - -
of income - - - - -
- - - - -
Total - - - - -
Other: Conversion of endowment funds into income - - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME 247,407 75,078 - 322,485 245,688
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Embercombe Financials 31.12.22
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Charity Number: 1116793 Company Number: 5943952
Embercombe Annual Accounts for the period 01/04/22-31/12/22
Section C Notes to the accounts (cont)
Note 4 Analysis of receipts of government grants
| Government grant 1 Government grant 2 Government grant 3 Other Government grant 1 Government grant 2 Government grant 3 Other |
This year £ 7,252 - - - Total 7,252 Last year £ 8,622 2,667 - - Total 11,289 Teignbridge DC Description Countryside Stewardship Description Coronavirus Job Retention Scheme |
|---|---|
Embercombe Financials 31.12.22
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Charity Number: 1116793 Company Number: 5943952
Embercombe Annual Accounts for the period 01/04/22-31/12/22
Section C Notes to the accounts (cont)
Note 5 Expenditure
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This year Last year
Restricted Restricted
Unrestricted income Unrestricted income
Analysis funds funds Total funds funds funds Total funds
Expenditure on raising funds: £ £
Incurred seeking donations - - - - - -
Incurred seeking legacies - - - - - -
Incurred seeking grants - - - - - -
Operating membership schemes and social
lotteries - - - - - -
Staging fundraising events - - - - - -
Fudraising agents
- - - - - -
Operating charity shops - - - - - -
Operating a trading company undertaking
non-charitable trading activity - - - - - -
Advertising, marketing, direct mail and
publicity - - - - - -
Start up costs incurred in generating new
source of future income - - - - - -
Database development costs - - - - - -
Other trading activities - - - - - -
Investment management costs: - - - - - -
Portfolio management costs
- - - - - -
Cost of obtaining investment advice
- - - - - -
Investment administration costs
- - - - - -
Intellectual property licencing costs
- - - - - -
Rent collection, property repairs and
maintenance charges - - - - - -
- - - - - -
Total expenditure on raising funds - - - - - -
Expenditure on charitable activities:
Awards for All - Community Rewilding - 2,549 2,549 - - -
Medicine Garden - 2,452 2,452 - - -
Programme Delivery 139,260 1,050 140,310 155,595 - 155,595
Land and property, Inc depreciation 31,032 10,210 41,242 63,960 63,960
Marketing and PR 3,207 - 3,207 5,647 5,647
Support costs
121,713 17,189 138,902 242,793 - 242,793
Total expenditure on charitable activities
295,212 33,449 328,661 467,995 - 467,995
Separate material item of expense
- - - - - -
- - - - - -
- - - - - -
Total - - - - - -
Other
Bank loan interest 545 - 545 - - -
VAT penalties 3,335 - 3,335 - - -
Previous Year Adjustment - 174 - - 174 - 8,143 - - 8,143
Total other expenditure 3,706 - 3,706 - 8,143 - - 8,143
TOTAL EXPENDITURE 298,918 33,449 332,367 459,852 - 459,852
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Embercombe Financials 31.12.22
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Embercombe Charity Number: 1116793 Annual Accounts for the period 01/04/22-31/12/22 Company Number: 5943952
Section C Notes to the accounts (cont)
Other information:
Sterling amounts as per bank statement, after conversion Sterling amounts as per bank statement, after conversion
This year: Where sums originally denominated in foreign currency have been included in expenditure, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).
Last year: Where sums originally denominated in foreign currency have been included in expenditure, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).
Embercombe Financials 31.12.22
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Charity Number: 1116793 Company Number: 5943952
Embercombe Annual Accounts for the period 01/04/22-31/12/22
Section C Notes to the accounts (cont)
Note 6 Support Costs
This year
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Charitable
Activity Other Grand total Basis of allocation
Support cost £ £ No split
Wages & Social 97,348 - 97,348
Security
1,441 - 1,441
Pension
13,478 - 13,478
Utilities
19,635 19,635
Other costs
6,200 6,200
Other professional
Reporting accountancy 800 800
fee
138,902 - 138,902
Total
Last year
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| Charitable Activity Activity 3 Grand total £ £ £ Wages & Social Security 178,357 - 178,357 Pension 4,147 - 4,147 Repairs & Renewals 130 130 Utilities 8,516 - 8,516 Other costs 41,670 41,670 Accountancy 6,987 6,987 Other professional 2,486 - 2,486 Reporting accountancy fee 500 - 500 Total 242,793 - 242,793 Support cost |
Basis of allocation No split |
|---|---|
Embercombe Financials 31.12.22
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Charity Number: 1116793 Company Number: 5943952
Embercombe Annual Accounts for the period 01/04/22-31/12/22
Section C Notes to the accounts (cont)
Note 7 Details of certain types of expenditure
Note 7.1 Fees for examination of the accounts
Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).
Independent examiner’s fees
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This year Last year
£ £
800 500
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Embercombe Financials 31.12.22
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Embercombe Charity Number: 1116793 Annual Accounts for the period 01/04/22-31/12/22 Company Number: 5943952
Section C Notes to the accounts (cont)
Note 8 Paid employees
| Note 8 Paid employees | |
|---|---|
| Fundraising Charitable Activities Governance Other Total Please provide the total amount paid to key management 8.2 Average head count in the year The parts of the charity in which the employees work Social security costs Other employee benefits Total staff costs Pension costs (defined contribution scheme) Salaries and wages 8.1 Staff Costs |
This year Last year £ £ 95,863 176,609 1,485 1,748 1,441 4,147 - - |
| 98,789 182,504 | |
| This year Last year £ £ 14,654 - This year Last year Number Number - - 1 1 1 2 5 6 |
|
| 7 9 |
Embercombe Financials 31.12.22
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Charity Number: 1116793 Company Number: 5943952
Embercombe Annual Accounts for the period 01/04/22-31/12/22
Section C Notes to the accounts (cont)
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Note 9 Tangible fixed assets
9.1 Cost or valuation
Freehold land & Other land & Plant, machinery and Fixtures, fittings and Total
buildings buildings motor vehicles equipment
£ £ £ £ £
At the beginning of 1,064,330 1,242,546 68,167 - 2,375,043
the year
Additions - - - - -
Revaluations - - - - -
Disposals - - - - -
Transfers * - - - - -
At end of the year 1,064,330 1,242,546 68,167 - 2,375,043
9.2 Depreciation and impairments
Basis n/a SL RB
Rate 10 years/ 75 years 20%
At beginning of the - 244,659 57,275 - 301,934
year
Disposals - - - - -
Depreciation - 20,164 2,042 - 22,206
Impairment - - - - -
Transfers - - - - -
At end of the year - 264,823 59,317 - 324,140
9.3 Net book value
Net book value at the 1,064,330 997,887 10,892 - 2,073,109
beginning of the year
Net book value at the 1,064,330 977,723 8,850 - 2,050,903
end of the year
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Embercombe Financials 31.12.22
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Embercombe Charity Number: 1116793 Annual Accounts for the period 01/04/22-31/12/22 Company Number: 5943952
Section C Notes to the accounts (cont)
Note 10 Stocks
10.1 Please state the carrying amount of stock and work in progress analysed between activities.
| Charitable activities: Opening Added in period Expensed in period Impaired Closing Other trading activities: Opening Added in period Expensed in period Impaired Closing Other: Opening Added in period Expensed in period Impaired Closing Total this year Total previous year |
For distribution For resale For distribution For resale £ £ £ £ £ 400 - - - - - - - - - - - - - - - - - - - 400 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Stock Donated goods Work in progress |
|---|---|
| 400 - - - - | |
| 400 - - - - |
Embercombe Financials 31.12.22
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Embercombe Charity Number: 1116793 Annual Accounts for the period 01/04/22-31/12/22 Company Number: 5943952 Section C Notes to the accounts (cont)
Note 11 Debtors and prepayments
11.1 Analysis of debtors
| 11.1 Analysis of debtors | |
|---|---|
| Total Trade debtors Prepayments and accrued income Other debtors |
This year Last year £ £ 2,673 10,481 526 0 0 0 |
| 3,199 10,481 |
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Embercombe Charity Number: 1116793 Annual Accounts for the period 01/04/22-31/12/22 Company Number: 5943952 Section C Notes to the accounts (cont)
Note 12 Creditors and accruals
12.1 Analysis of creditors
| 12.1 Analysis of creditors | |
|---|---|
Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors Total |
This year Last year This year Last year £ £ £ £ - - - - 3,971 - 23,417 29,822 4,377 8,642 - - - - - - 62,678 55,137 - - 60,144 34,776 9,931 - - - - - Amounts falling due within one year Amounts falling due after more than one year |
| 131,169 98,555 33,348 29,822 |
12.2 Deferred income
| Please explain the reasons why income is deferred. Movement in deferred income account Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Venue Hire deposits received for 2023. Programme payments made in advance, some deposits, some in full. Balance at the end of the reporting period This year |
This year Last year £ £ 53,137 30,812 113,330 130,510 - 109,951 - 108,185 Programme payments made in advance, some deposits, some in full. Last year |
|---|---|
| 56,516 53,137 |
Embercombe Financials 31.12.22
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Embercombe Charity Number: 1116793 Annual Accounts for the period 01/04/22-31/12/22 Company Number: 5943952
Section C Notes to the accounts (cont)
Note 13 Cash at bank and in hand
| Note 13 Cash at bank and in hand | |
|---|---|
| Other Short term deposits Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) |
This year Last year £ £ - - - - 68,224 12,477 - - |
| 68,224 12,477 |
Embercombe Financials 31.12.22
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Charity Number: 1116793 Company Number: 5943952
Embercombe Annual Accounts for the period 01/04/22-31/12/22
Section C Notes to the accounts (cont)
Note 14 Charity funds
14.1 Details of material funds held and movements during the CURRENT reporting period
Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.
* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds
----- Start of picture text -----
Fund Fund
balances balances
Type PE, EE
Purpose and Restrictions brought Gains and carried
R or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
General Fund Unrestricted 1,041,610 255,975 - 307,485 - 990,100
Catalyst Bursary Restricted 11,271 - - 1,050 - - 10,221
Start Restricted 216 - - - - 216
Endowment Fund Endowment 914,993 - - - - 914,993
- - - - - -
Awards for All - Rewilding Restricted - 9,996 - 2,549 - - 7,447
Community Medicine Garden Restricted - 15,732 - 2,452 - - 13,280
Elders Area Restricted - 15,000 - 1,642 - - 13,358
MD Funding Restricted - 25,783 - 17,189 - - 8,594
- - - - - -
Other funds (balancing
figure) N/a N/a - - - - - -
Total Funds as per balance sheet 1,968,090 322,486 - 332,367 - - 1,958,209
Yes No
Fund balances carried forward include assets and liabilities denominated in a foreign currency
----- End of picture text -----*
Embercombe Financials 31.12.22
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Charity Number: 1116793 Company Number: 5943952
Embercombe Annual Accounts for the period 01/04/22-31/12/22
Section C Notes to the accounts (cont)
Note 14 Charity funds
14.2 Details of material funds held and movements during the PREVIOUS reporting period
Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.
* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds
----- Start of picture text -----
Fund Fund
balances balances
Type PE, EE
Purpose and Restrictions brought Gains and carried
R or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
General Fund Unrestricted 1,255,775 245,688 - 459,853 - - 1,041,610
Catalyst Bursary Restricted 11,271 - - - - 11,271
Start Restricted 216 - - - - 216
Endowment Fund Endowment 914,993 - - - - 914,993
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds (balancing
figure) N/a N/a - - - - - -
Total Funds as per balance sheet 2,182,255 245,688 - 459,853 - - 1,968,090
Yes No
Fund balances carried forward include assets and liabilities denominated in a foreign currency
----- End of picture text -----*
Embercombe Financials 31.12.22
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Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees Charity Name Embercombe On accounts for the year Period Ended 31 December 2022 Charity no 1116793 ended (if any) Set out on pages Pages 1 to 4 Embercombe TAR document & pages 1 to 20 Embercombe financials document.
Report to the trustees
I report to the trustees on my examination of the accounts of Embercombe (the Charity”) for the period ended 31 / 12 / 2022 . Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Since the Charity’s gross income exceeded £250,000 your examiner must examiner's statement be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by being a qualified member of Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Date: 31/10/2022 Signed: Name: Mr Jason Milden
1
Oct 2018
IER
Relevant professional qualification(s) or body FCCA (if any):
Address: Darnells Chartered Accountants 30 Fore Street, Totnes, Devon TQ9 5RP
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
2
Oct 2018
IER