## **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.
3
**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:
**----- Start of picture text -----**
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
**----- End of picture text -----**
_(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
4
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
1
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 -
**914,993**1,991,557
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
5
Charity Number: 1116793 Company Number: 5943952
Embercombe Annual Accounts for the period 01/04/22-31/12/22
**----- Start of picture text -----**
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
**----- End of picture text -----**
Embercombe Financials 31.12.22
6
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**
**----- Start of picture text -----**
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
**----- End of picture text -----**
Embercombe Financials 31.12.22
7
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
8
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**
**----- Start of picture text -----**
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
**----- End of picture text -----**
Embercombe Financials 31.12.22
9
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
10
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**
**----- Start of picture text -----**
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
**----- End of picture text -----**
|**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**
**----- Start of picture text -----**
This year Last year
£ £
800 500
**----- End of picture text -----**
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)**
**----- Start of picture text -----**
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
**----- End of picture text -----**
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|
Embercombe Financials 31.12.22
16
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
18
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
19
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
20
## **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**