## **HILL HOLT WOOD**
**(LIMITED BY GUARANTEE)**
**Registered Charity Number 1119915 Company Number 04426756**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021**
**HILL HOLT WOOD (LIMITED BY GUARANTEE)**
**Registered Company Number 04426756 Registered Charity Number 1119915**
CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021
||Page|
|---|---|
|Legal and administrative information|1|
|Report of the Trustees|2-9|
|Report of the Auditors|10-12|
|Consolidated statement of financial activities|13|
|Consolidated and charity balance sheets|14|
|Consolidated cash flow statements|15|
|Notes forming part of the financial statements|16-28|
**Registered Company Number 04426756 Registered Charity Number 1119915**
## **HILL HOLT WOOD (LIMITED BY GUARANTEE)**
## **Reference and Administrative Information**
**Registered Charity number** 1119915
## **Registered Company number**
04426756 (England and Wales)
## **Registered office**
Hill Holt Wood Norton Disney Lincolnshire LN6 9JP
## **Trustees**
S Clarke (Chair) J Taylor - Resigned 24 September 2021 G Georgiou N C Wray R G Hazenberg S F Ashmore S K Howe - Resigned 27 September 2021 M Cook
## **Auditors**
Wright Vigar Limited Registered Auditors Chartered Accountants & Business Advisers Northgate House Northgate, Sleaford Lincolnshire NG34 7BZ
## **Advisers Senior Management Team**
S Donagain Chief Executive R Rousseau Head of Finance B Wilson Head Ranger O Woodman Head of Operations H Drake Head of Business S Oates Head of Education
## **Bankers**
HSBC plc 221 High Street Lincoln LN2 1AZ
Page 1
## **HILL HOLT WOOD (LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
## **Report of the trustees for the year ended 31 May 2021**
The trustees, who are also directors of the charity for the purposes of the Companies Act, submit their annual report and the audited financial statements for the year ended 31 May 2021.
The trustees have adopted the provisions of 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) (effective 1 January 2015).
## **Objectives and activities**
1. promote sustainable development for the benefit of the public by: (a) the preservation, conservation and protection of the environment and the prudent use of resources; (b) the relief of poverty and the improvement of the conditions of life in socially and disadvantaged communities; (c) the promotion of sustainable means of achieving economic growth and regeneration to advance the education of the public in subjects relating to sustainable development and the protection, enhancement and rehabilitation of the environment. Sustainable development means ''development which meets the needs of the present without compromising the ability of future generations to meet their own needs'';
2. the preservation and protection of good health of the parents and carers of children and young people with special needs, by the provision of information, advice and support services and the development of mutual support networks between parents and carers;
3. the provision of recreational facilities and activities for the public at large or those who by reason on their youth, age, infirmity or disablement, financial hardship or social and economic circumstances, have need of such facilities or activities for the purposes of better integration into the community and crime reduction; and
4. such other charitable means as may from time to time be determined by the directors.
The Charity is grateful for the efforts of its volunteers at Big Wood who are involved in the conservation, build environment and peer review work of the project.
Since its formation HHW has been a free public access site and is considered a valuable resource by the local community. It has been a priority to date to maintain this open access however to protect our Staff and students the decision to close the woods during the pandemic was taken although remained open at our sister site Norton Bigwood.
## **Public Benefit**
Public benefit is central to the work of all charities. In deciding what activities the charity will undertake during the year the Trustees take note of the Charity Commission guidance on Public Benefit. In particular the Trustees consider how planned activities will contribute to the aims and objectives they have set. As the wood is open free of charge to the public the benefit derived is considerable.
Page 2
## **HILL HOLT WOOD (LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
## **Report of the trustees for the year ended 31 May 2021**
## **ACHIEVEMENT AND PERFORMANCE**
We continued to deliver education to our students despite the lockdowns and 55 young people were on our EFSA funded study programme and a further 8 funded by schools and local authorities. A bubble system was fully implemented including purchasing a giant teepee to create another classroom space.
Our A-Maze in Nature project funded by Lincolnshire partnership NHS foundation trust was very successful despite having to break during a lockdown we still overachieved in terms of numbers of people attending to aid their mental health.
We also began running other grant funded projects to aid mental health. They run on alternative Mondays. Seasonal cycles is about surveying and recording the changes in nature over a year and Coppice crafts is funded through suicide prevention specifically aimed at men aged 25 -59.
Construction of our new public toilets have been completed ready for when we reopen our gates to the wider public.
## **Challenges**
No events have been able to take place due to lockdowns which will impact on the income of Hill Holt in the Community, and we have not been able to reopen the Hive café.
Students’ attendance rates dropped due to isolations and a lack of structure caused by the pandemic.
## **HILL HOLT HEATH**
There has been an increased demand for our services in this area, so we have employed a second ranger on the Tuesday to Friday main project and have kept the Mondays to run our small grant funded projects so that a wider range of people get to use our Bigwood site.
Page 3
**HILL HOLT WOOD (LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
## **Report of the trustees for the year ended 31 May 2021**
Page 4
## **HILL HOLT WOOD (LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
## **Report of the trustees for the year ended 31 May 2021**
## **FINANCIAL REVIEW**
## **Reserves Policy**
## Unrestricted funds are needed:
- to cover the costs of providing the services with regards to funding contracts.
- to maintain and manage the woodland without which the charity would not exist.
- to cover the cost of administration, fundraising and support without which the charity could not function.
The trustees consider it prudent that the unrestricted reserves should be sufficient:
- to avoid the necessity of realising fixed assets held for the charity’s use.
- to cover the costs associated with providing the services with regards to funding contracts for at least the end of the
- next contract term
- to cover the costs of the maintenance and management of the woodland for at least one year.
- to cover wages for a period of six months.
The level of reserves is regularly monitored and reviewed by the trustees at board meetings. Six months of wages has been set as the target reserve level.
## **Risk Management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The risk register is continually updated to reflect the many changes made in the recent government cuts. Risks include change to funding arrangements, fire in the wood and livestock diseases such as foot and mouth or bird flu as well as safeguarding, serious theft and damage to buildings. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces.
Internal control risks are managed by the implementation of procedures for authorization of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to the woodland.
A traffic light system has also been implemented on financial information to show trustees of any potential risks at an early stage.
An external HR company has been contracted to support the SMT ensuring legislation is updated
Page 5
**HILL HOLT WOOD (LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
## **Report of the trustees for the year ended 31 May 2021**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is a charitable company limited by guarantee. A memorandum and articles of association govern it. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
## **Recruitment and appointment of Directors**
The directors of the company are also charity trustees for the purposes of charity law and under the company’s Articles are known as Directors. Under the requirements of the Memorandum and Articles of Association the Directors are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting.
Much of the charity’s work inevitably focuses upon young people and vulnerable adults and Directors seek to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. To enhance the potential pool of trustees, the charity has, through networking and partnerships with local agencies and educational bodies sought to identify appropriate Directors to use their own experience to assist the charity.
The more traditional business, environmental and marketing skills are represented on the Board. The board uses audits recommended by the Charity Commission to ensure the breadth of skills that are needed are present, and succession planning is partially skills based.
## **Organisational Structure**
Hill Holt Wood has a Board of 8 volunteer Trustees who meet quarterly and are responsible for the strategic direction and policy of the charity. An Executive committee can be called board meetings to discuss finance and strategic matters. During the year 1 new trustee was elected.
A scheme of delegation is in place and day-to-day responsibility for the provision of the services rest with the Chief Executive along with the Senior Management Team. The Chief Executive is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. The Senior Management team comprising of a Head of Business, Head Ranger, Head of Finance, Head of Education and Head of Operations assists him.
The Senior Management Team comprises of:
Steven Donagain – CEO Hollie Drake – Head of Business Ben Wilson – Head Ranger Oliver Woodman – Head of Operations Ryan Rosseau – Head of Finance Sarah Oates – Head of Education
Page 6
## **HILL HOLT WOOD (LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
## **Report of the trustees for the year ended 31 May 2021**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT continued**
## **Trustee Induction and Training**
The Directors’ induction handbook has been updated and reflect recent legislative changes.
Most Directors are already familiar with the practical work of the charity, visiting the woodland in their leisure time and are encouraged to spend a ‘buddy’ day with rangers and learners. New trustees must attend a one-day induction visit to familiarise themselves with the charity and the context within which it operates. There will be a series of one day workshops throughout the year. These are held at HHW and other group locations, with the opportunity to meet staff and learners. Safeguarding training forms part of this induction requiring training to be completed in Safeguarding children, Prevent agenda and equality and diversity.
- The obligations of Trustees
- The main documents which set out the operational framework for the charity including Memorandum and Articles and aims and objectives. Commission publications signposted through the Commission’s guide “the Essential Trustee” as a follow up to these sessions. This is distributed to all new trustees along with the Memorandum and Articles and the latest financial statements.
## **Key Management remuneration**
The Trustees consider the role and responsibilities of key management personnel and review the remuneration package in line with similar entities. Annual appraisals and pay reviews on key management personnel are undertaken based on the individual's performance of their duties and fulfilment of the objectives of the charity in the period.
Page 7
**HILL HOLT WOOD (LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
## **Report of the trustees for the year ended 31 May 2021**
## **STATEMENT OF TRUSTEES RESPONSIBILITIES**
The trustees (who are also directors of Hill Holt Wood for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the charitable company for the year. In preparing these financial statements, the trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP;
- Make judgements and estimates that are reasonable and prudent;
• State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- There is no relevant audit information of which the charitable company’s auditor is unaware; and
• The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Page 8
HILL HOLT WOOD
IUMrrED BY GUARAp¥fEE}
Roglst•rèd Company Nurnbor 04426756
R•g18t•r Ch•rtty Number 1119915
Rèport of the trust$ for the ar ended 31 May 2021
stst¢mgnt of 8on of Infonnatlon to Auditorn
So far a5 the tDJstees aro avAie, thor• is no relevant infwmatlon {as défin8d by Saction 418 of thè Companlès Act
20061 of thich the charilable company s auditS are unaware. and each Injslee has taken all the steps that they
ought lo have taken as a twslee in order to make Ihem aTe of any audit infonnatk)n arKI to estsblish thal the
charitsble company s auditors are 8wore ol that inlCwmatic.
AUDITORS
A resolution proposlng the r8t8nlth ol audi WnW Vwor b¢ put lo Ihg Annual Genèrnl M8&ting.
ON BEHALF OF THE BOARD..
S Clarke (Chairl
Data.. 2 Nov8mbor 2021
Pa8e 9
## **HILL HOLT WOOD (LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
## **Report of the Independent Auditors to the Members of Hill Holt Wood**
## **Opinion**
We have audited the financial statements of Hill Holt Wood Limited (the ‘parent charitable company’) and its subsidiaries (the ‘group’) for the year ended 31 May 2021 which comprise the Group Statement of Financial Activities, the group and the Parent Charitable Company Balance Sheet, the Group Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
## In our opinion the financial statements:
• give a true and fair view of the state of the group’s and parent charitable company’s affairs as at 31 May 2021, and of the group’s incoming resources and application of resources, including its income and expenditure, for the year then ended;
• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group’s or parent charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The Trustees are responsible for the other information. The other information comprises the information included in the Trustees’ Annual Report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Page 10
## **HILL HOLT WOOD (LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
## **Report of the Independent Auditors to the Members of Hill Holt Wood**
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the trustees’ report incorporating the directors’ report for the financial year for which the
- financial statements are prepared is consistent with the financial statements; and
- the directors’ report have been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of our knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Act 2011 requires us to report to you if, in our opinion:
- adequate and sufficient accounting records have not been kept by the parent charitable company, or returns
- adequate for our audit have not been received from branches not visited by us; or
- the parent charitable company’s financial statements are not in agreement with the accounting records and
- returns; or
- certain disclosures of directors’ remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to prepare the financial statements in accordance with the small companies’
- regime and take advantage of the small companies’ exemption from the requirement to prepare a strategic report.
## **Responsibilities of trustees**
As explained more fully in the trustees’ responsibilities statement set out on page 8, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the group’s and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.
## **Auditor’s responsibilities for the audit of the financial statements**
We have been appointed under the Companies Act 2006 and report in accordance with this.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Page 11
## **HILL HOLT WOOD (LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
## **Report of the Independent Auditors to the Members of Hill Holt Wood**
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our work is performed to include an assessment of the susceptibility of the entity's financial statements to material misstatement, including the risk of fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).
In identifying and assessing risk of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:
- We plan our work to gain an understanding of the significant laws and regulations that are of significance to the entity and the sector in which they operate. We perform our work to ensure that the entity is complying with its legal and regulatory framework.
- We obtained an understanding of how the company is complying with those legal and regulatory frameworks by making inquiries to the management and people charged with governance.
We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:
- Substantive procedures performed in accordance with the ISAs (UK).
- Challenging assumptions and judgments made by management in its significant accounting estimates.
- Identifying and testing journal entries, in particular material journal entries and an assessment of year end journals.
- Assessing the extent of compliance with the relevant laws and regulations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
## **Use of our report**
This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charitable company’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company’s members and its Trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s Trustees as a body, for our audit work, for this report, or for the opinions we have formed.
James Sewell BA (Hons) FCA CTA (Senior Statutory Auditor) for and on behalf of Wright Vigar Limited Statutory Auditors, Chartered Accountants and Business Advisors 15 Newland Lincoln LN1 1XG
Date: 2 November 2021
Page 12
## **HILL HOLT WOOD**
## **(LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
**Consolidated Statement of Financial Activities (including summary income and expenditure account) for the year ended 31 May 2021**
|**Notes**
**Income and endowments from:**
Donations and legacies
Other trading activities
2
Income from investments
Charitable activities:
Conservation and training
3
Other Income
**Total incoming resources**
**Expenditure on:**
Raising funds
4
Charitable activities:
Conservation and Training
4
**Total resources expended**
Net income/(expenditure)
Gross transfers between funds
Net income/(expenditure)
**Reconciliation of funds**
Fund balances brought forward at 1 June 2020
Fund balances carried forward at 31 May 2021|**Unrestricted**
**Funds**
**£**
7,618
265,813
2,798
674,418
16,674
967,321
138,136
646,005
784,141
183,180
14,708
197,888
1,360,442
1,558,330|**Restricted**
**Funds**
**£**
-
-
-
175,248
-
175,248
-
192,133
192,133
(16,885)
(14,708)
(31,593)
229,040
197,447|**Total**
**2021**
**£**
7,618
265,813
2,798
849,666
16,674
1,142,569
138,136
838,138
976,274
166,295
-
166,295
1,589,482
1,755,777|**Total**
**2020**
**as restated**
**£**
250
270,244
472
793,080
26,496|
|---|---|---|---|---|
|||||1,090,542|
|||||110,743
839,294|
|||||950,037|
||||||
|||||140,505
-|
|||||140,505|
|||||1,448,977|
|||||1,589,482|
All of the above results are derived from continuing activities. All gains and losses recognised in the year are included above.
Page 13
HILL HOLT WOOD GROUP
{LIMITED 8Y GUARANTEEI
R•glst•r•d Cthnpany Numb¢r IY4426756
Reglstered Charlty Number 1119915
Consolldat•d and Charlty Balab)fA shts u at 31 Ilay 2021
Group
2021
Group
2020
Ch*rtty
2021
Charlty
2020
•s r•8iated
•s r•statsd
Flx•d a8901s
Tong1ble assets
Inveslrnonts
Investrlleni prrtY
889
10
1.169.049
1.138.19J
1,143,963
1.118,231
245.()
1,383.1
45.000
1,188.965
45.000
1,183,233
1.369,049
Curr•nt 1•ts
stks
08b¢c5
Cash al bank and In hand
12
13
45,827
44.104
331.353
421.284
64.394
146.551
413.055
824.0(X)
45.827
111.800
285,672
443.299
467,839
586.813
Cr•dl¢ors .' amovnts falllng du•
wlthln on• y••r
14•t curr•nt *1
14
86,736
s,071
72,603
348.681
51.036
572,964
39,003
404,296
T4)tsl a•••ts l••• ¢urT•nt Il¥bllltl
1.869.126
1.731071
1,761.929
1,567,529
Cr•dltor• , •mounl• l•lllng
15
113,349
142,389
46.487
50,435
N•t •8¥•ts
1.755.777
1.589.482
1,715,442
1,517,094
Funds..
Unrestrrct8d fund5
Resln'cled fund$
1.S58.330
197,447
1,360.442
229.040
1.517,995
197.447
1.268,054
229.040
Total lunds
18&17
1.755,777
1,S89.482
1.71S,442
1.S17,094
Thè Irust88s h8v8 w•par6d 9P 8cccMJnts accordart8 %wlh sectK¥) 398 ofthe C(wnpanies Act 2006 and seckn 138 of
th8 Charfties Act 2011. These accnunts are yepared in aKdanc£ wth the speual proM5vJns of Part 15 of the
Companies Act relatin9 to sm811 cornpanies 8NI CCffiSlTrtth8 th8 Annual ants rUllet1 by the Cc*npank8s Act 2006 and
ar• for eArtsJIan to M*r$ ol Ihe c£*npwry.
The finan1 St8mentS on pages 13- 28 8Pkwoved by tho Iw61ees 2nd tser 2021.
and signed on behaff by.
S Clarke
nL4le¢l
Page 14
## **HILL HOLT WOOD GROUP (LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
## **Consolidated Cash Flow Statement for the year ended 31 May 2021**
||**2021**|**2021**|**2020**|**2020**|
|---|---|---|---|---|
||**£**|**£**|**£**|**£**|
||||**as restated as restated**||
|**Cash flows from operating activities:**||**169,879**||**116,022**|
|Net cash provided by (used in) operating activities|||||
|**Cash flows from investing activities:**|||||
|Dividends, interest and rents from investments|17,719||18,472||
|Proceeds from the sale of property, plant and equipment|50,000|||0|
|Purchase of property, plant and equipment|(66,800)||(20,207)||
|**Net cash provided by (used in) investing activities**||**919**||**(1,735)**|
|Repayment of borrowings|(34,312)||(17,208)||
|**Cash used in financing activities**||**(34,312)**||**(17,208)**|
|**Change in cash and cash equivalents in the reporting period**||**136,486**||**97,079**|
|**Cash and cash equivalents at the beginning of the reporting period**||331,353||234,274|
|**Cash and cash equivalents at the end of the reporting period**||**467,839**||**331,353**|
|**Net income/(expenditure) for the reporting period**|||||
|**(as per statement of financial activities)**||166,295||140,505|
|**Adjustments for:**|||||
|Depreciation||29,377||22,175|
|Interest and rents from investments||(17,719)||(18,472)|
|Loss/(profit) on sale of fixed assets||1,564||0|
|Loss on revaluation of investment property||-||-|
|(Increase)/decrease in stock||(18,567)||(6,434)|
|(Increase)/decrease in debtors||(10,476)||66,360|
|Increase/(decrease) in creditors||19,405||(88,112)|
|**Net cash inflow from operating activity**||**169,879**||**116,022**|
|**Total cash and cash equivalents**||**467,839**||**331,353**|
Page 15
**HILL HOLT WOOD (LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
## **Notes forming part of the financial statements for the year ended 31 May 2021**
## 1 **Accounting policies**
## (a) **Basis of preparation**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value.
The financial statements consolidate the results of the charity and its subsidiary undertakings, Hill Holt in the Community Limited and Hill Holt Gainsborough Limited on a line by line basis. A separate Statement of Financial Activities and income and expenditure account for the charity has not been presented because the charity has taken advantage of the exemption afforded by section 408 of the Companies Act 2006.
## (b) **Company status**
The charity is a company limited by guarantee and registered in England and Wales. The members of the company are the trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
## (c) **Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## (d) **Incoming resources**
All incoming resources are included in the SOFA when the following conditions are met:
- The charity or subsidiaries have entitlement to the funds;
- Any performance conditions attached to the item of income have been met or are fully within the control
- of the charity or its subsidiaries;
- There is sufficient certainty that the receipt of the income is considered probable; and
- the amount can be measured reliably.
Page 16
## **HILL HOLT WOOD (LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
## **Notes forming part of the financial statements for the year ended 31 May 2021**
## (d) **Incoming resources continued**
For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received.
Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities where receivable. Grants, where entitlements in not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Investment income is included when receivable.
Incoming resources from charitable trading activity are accounted for on an invoice basis when the work is complete and the charity has the right to the income.
## (e) **Resources expended**
All expenditure is recognised when it is probable that settlement is required. Expenditure has been classified under headings that aggregate all costs related to the category.
Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.
Expenditure applying to one activity or cost category has been directly allocated. Other overheads have been apportioned on the basis of overall time spent and resources utilised:
||Charitable|Governance|
|---|---|---|
|Company Secretary salary|90%|10%|
|Office and general administration costs|100%|0%|
|Depreciation|100%|0%|
|Insurance, light and heat, telephone, post and stationery, advertising, motor|90%|10%|
Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice.
## (f) **Tangible fixed assets and depreciation**
Depreciation is provided on all tangible fixed assets at the following annual rates in order to write each asset over its expected useful economic life as follows:-
Short Leasehold/ improvments to property - 10% on cost Plant and machinery - 15% on reducing balance Motor vehicles - 25% on reducing balance Computer Equipment - 33% on cost
Page 17
## **HILL HOLT WOOD (LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
## **Notes forming part of the financial statements for the year ended 31 May 2021**
## (g) **Stock**
Stocks are valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving stock. Freehold properties purchased for redevelopment are included in stock until the work is complete when they are transferred to Fixed Assets.
## (h)
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## (i) **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## (k) **Irrecoverable VAT**
As the charity is not VAT registered, and is not eligible for registration, any VAT charged on resources expended is irrecoverable. The irrecoverable VAT has been allocated to the cost to which it relates.
## (l) **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the statement of financial activity on a straight line basis over the period of the lease.
## (m) **Investment Properties**
Each property is valued individually, rather than as part of a portfolio. Invesment properties are recognised at fair value and any surpluses or impairments are recognised in the SOFA as net gains/(losses) on investments.
Investment properties are stated at market value in accordance with generally accepted accounting standards. The investment properties were valued by Drewery & Wheeldon on an open market basis as at 15 May 2018.
## (n) **Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three or less from the date of aquistion or opening of the deposit and similar account.
Page 18
## **HILL HOLT WOOD (LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
## **Notes forming part of the financial statements for the year ended 31 May 2021**
|2
**Other trading activities**
Services provided
Wood sales
Eco burial income
Consultancy income
The services provided above include:
Services through Hill Holt in the Community Limited (note 19)
excluding trading with other group companies
3
**Charitable Activities**
**Activity: Conservation and training**
EFA Training Programme
Grants
Hill Holt Heath
Seminars
School referrals
Rents received
High needs funding
Grants received, included in the above, are as follows
Big Lottery 'Our Environment Our Future'
Kickstart Scheme
Power to Change
Build your skills
Royal Forestry Grant
Other Grants|**2021**
**£**
240,193
-
24,920
700
265,813
220,247
**2021**
**£**
342,491
191,249
61,736
73,361
17,719
163,110
849,666
**2021**
**£**
126,563
3,120
25,000
7,815
12,750
16,001
191,249|**2020**
**£**
**as restated**
240,896
8,738
20,565
45|
|---|---|---|
|||270,244|
|||234,919|
|||**2020**
**£**
**as restated**
313,187
204,612
53,251
10,293
67,445
18,000
126,291|
|||793,079|
|||**2020**
**£**
**as restated**
201,656
-
-
-
-
2,956|
|||204,612|
Page 19
## **HILL HOLT WOOD (LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
## **Notes forming part of the financial statements for the year ended 31 May 2021**
## 4 **Total resources expended**
|**Total resources expended**|||||
|---|---|---|---|---|
|Raising funds
Charitable activities
Direct costs
Support and governance costs 5|**Staff**
**Costs**
**£**
104,069
112,994
479,455
592,449|**Other**
**Costs**
**£**
34,067
121,989
123,700
245,689|**Total**
**2021**
**£**
138,136
234,983
603,155
838,138|**Total**
**2020**
**as restated**
**£**|
|||||110,743|
|||||291,423
547,871|
|||||839,294|
## 5 **Analysis of support and governance costs**
|Salaries, wages and other related costs
General office
Repairs & renewals
Accountancy services
Tax
Legal and professional fees
Depreciation and loss/(profit) on disposals
Insurance, light & heat, post & stationery
Advertising
Motor and travel expenses
Bank charges and interest|**General**
**support**
**£**
479,455
32,014
17,708
-
-
5,335
31,029
4,367
224
4,011
10,706
584,849|**Governance**
**costs**
**£**
-
-
-
16,382
1,924
-
-
-
-
-
-
18,306|**Total**
**2021**
**£**
479,455
32,014
17,708
16,382
1,924
5,335
31,029
4,367
224
4,011
10,706|
|---|---|---|---|
||||603,155|
During the period grants were paid to individuals totalling £20,579 (2020: £24,686).
Other allocated costs include
|Other allocated costs include|||
|---|---|---|
||**2021**|**2020**|
||**£**|**£**|
|Auditor's remuneration (including expenses and benefits in kind)||**as restated**|
|Audit fee|5,078|5,992|
|Accountancy, taxation and other services|11,304|13,182|
|Depreciation|29,377|22,176|
|(Gain) / Loss on sale of tangible fixed assets|1,652|-|
## **Trustees' remuneration**
The trustees neither received nor waived any emoluments during the year (2020: £nil).
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 May 2021 nor for the year ended 31 May 2020.
Page 20
## **HILL HOLT WOOD (LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
## **Notes forming part of the financial statements for the year ended 31 May 2021**
## 6 **Staff costs**
|**Staff costs**|||
|---|---|---|
|Wages and salaries
Social security costs
Pension costs|**2021**
**£**
666,912
20,751
8,855
696,518|**2020**
**£**
**as restated**
608,097
29,125
10,456|
|||647,678|
No employees were paid more than £60,000 for the year ended 31 May 2021.
The average number of employees, calculated on a full time equivalent basis, analysed by function was :
|function was :|||
|---|---|---|
|Charitable activities - Staff and supervision
Cost of generating funds
Management and administration of the charity|**2021**
32
5
1
38|**2020**
**as restated**
29
4
1|
|||34|
## 7 **Pension Costs**
The charity operates a non-contributory pension scheme. It is a defined contribution scheme and contributions are charged in the statement of financial activities as they accrue. The charge for the year was £8,855 (2020: £10,456).
Page 21
## **HILL HOLT WOOD (LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
## **Notes forming part of the financial statements for the year ended 31 May 2021**
- 8 **Tangible fixed assets - Group**
|**Cost**
At 1 June 2020
Additions
Disposals
**At 31 May 2021**
**Depreciation**
At 1 June 2020
Charge for year
On disposals
**At 31 May 2021**
**Net book value**
**at 31 May 2021**
**At 31 May 2020**|**Freehold**
**land and**
**buildings**
**£**
1,054,407
-
1,054,407
25,907
-
-
25,907
1,028,500
1,028,500|**Improvements**
**to**
**property**
**£**
42,310
-
-
42,310
25,388
3,281
-
28,669
13,641
16,922|**Plant &**
**Machinery**
**Computer**
**Equipment**
**£**
214,413
65,700
(29,447)
250,666
155,511
18,145
(25,775)
147,881
102,785
58,902|**Motor**
**vehicles**
**£**
85,211
1,100
(6,500)
79,811
51,345
7,951
(3,608)
55,688
24,123
33,866|**Total**
**£**
1,396,341
66,800
(35,947)|
|---|---|---|---|---|---|
||||||1,427,194|
||||||258,151
29,377
(29,383)|
||||||258,145|
||||||1,169,049|
||||||1,138,190|
Page 22
## **HILL HOLT WOOD (LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
## **Notes forming part of the financial statements for the year ended 31 May 2021**
- 9 **Tangible fixed assets - Charity**
|**Freehold land**
**and buildings**
**and short leasehold**
**£**
Cost
At 1 June 2020
1,054,407
Additions
-
Disposals
-
Revaluation
-
At 31 May 2021
1,054,407
Depreciation
At 1 June 2020
25,907
Charge for year
-
On disposals
-
At 31 May 2021
25,907
Net book value
at 31 May 2021
1,028,500
At 31 May 2020
1,028,500|**Improvements**
**to**
**property**
**£**
42,310
-
-
-
42,310
25,388
3,281
-
28,669
13,641
16,922|**Plant &**
**Machinery**
**Computer**
**equipment**
**£**
178,240
56,525
(29,447)
-
205,318
135,008
15,107
(25,775)
124,340
80,978
43,232|**Motor**
**vehicles**
**£**
74,163
-
(3,000)
-
71,163
44,586
6,948
(1,215)
50,319
20,844
29,577|**Total**
**£**
1,349,120
56,525
(32,447)
-|
|---|---|---|---|---|
|||||1,373,198|
|||||230,889
25,336
(26,990)|
|||||229,235|
|||||1,143,963|
|||||1,118,231|
Included in the cost or valuation of land and buildings is freehold land of £155,120.
Included in fixed asset land and buildings is the cost of creating the Community Building. The value relating to this at the year end is £638,039 which represents the cost of the asset not depreciated.
## 10 **Fixed asset investments**
Investments held by the charity represents £1 investment in each of the two subsidiary companies at cost (see note 20).
Page 23
## **HILL HOLT WOOD (LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
## **Notes forming part of the financial statements for the year ended 31 May 2021**
## 11 **Investment properties**
|Cost
At 1 June 2020
Additions
Disposals
Revaluations
At 31 May 2021
Net book value
at 31 May 2021
At 31 May 2020
Cost of valuation at 31 May 2020 is represented by:
Valuation in 2013
Valuation in 2014
Valuation in 2015
Valuation in 2018
Cost|**Group**
**2021**
245,000
-
(45,000)
-
200,000
200,000
245,000
**Group**
**2021**
**£**
(34,986)
(51,162)
(2,096)
(7,500)
295,744
200,000|**Charity**
**2021**
45,000
-
-
-|
|---|---|---|
|||45,000|
|||45,000|
|||45,000|
|||**Charity**
**2021**
**£**
(34,986)
(3,269)
-
(2,500)
85,755|
|||45,000|
Investment property was valued on an open market basis on 15 May 2018 by Drewery & Wheeldon Valuers & Auctioneers.
If invesment properties had not been revalued they would have been included at the following historical cost:
|Cost
12
**Stock**
Other stock
Work in Progress|**Group**
**2021**
**£**
295,744
**Group**
**2021**
**£**
28,767
35,627
64,394|**Group**
**2020**
**£**
**as restated**
364,923
**Group**
**2020**
**as restated**
**£**
17,617
28,210
45,827|**Charity**
**2021**
**£**
85,755
**Charity**
**2021**
**£**
28,767
35,627
64,394|**Charity**
**2020**
**£**
**as restated**
85,755|
|---|---|---|---|---|
|||||**Charity**
**2020**
**as restated**
**£**
17,617
28,210|
|||||45,827|
Page 24
## **HILL HOLT WOOD (LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
## **Notes forming part of the financial statements for the year ended 31 May 2020**
## 13 **Debtors**
|Trade debtors
Other debtors
Amount owed by subsidiary undertaking|**Group**
**2021**
**£**
50,440
4,140
-
54,580|**Group**
**2020**
**£**
**as restated**
38,751
5,353
-
44,104|**Charity**
**2021**
**£**
42,053
4,100
100,398
146,551|**Charity**
**2020**
**£**
**as restated**
28,380
3,936
79,484|
|---|---|---|---|---|
|||||111,800|
## 14 **Creditors : amounts falling due within one year**
|**Group**
**2021**
**£**
Bank loans and overdrafts
7,517
Trade creditors
4,814
Taxation and social security costs
20,003
Other creditors
54,402
86,736
15
**Creditors: amounts falling due after more than one year**
**Group**
**2021**
**£**
Bank loans
113,349
Amounts falling due after more than five years
Repayable by instalments
**2021**
Bank loans
82,415|**Group**
**2020**
**£**
**as restated**
12,789
7,033
27,332
25,449
72,603
**Group**
**2020**
**£**
**as restated**
142,389
**2020**
**as restated**
106,519|**Charity**
**2021**
**£**
3,179
3,362
6,957
37,538
51,036
**Charity**
**2021**
**£**
46,487
**2021**
33,771|**Charity**
**2020**
**£**
**as restated**
7,619
3,740
7,213
20,431|
|---|---|---|---|
||||39,003|
||||**Charity**
**2020**
**£**
**as restated**|
||||50,435|
||||**2020**
**as restated**
37,720|
Bank loans are secured over the freehold property held by the Group.
Page 25
## **HILL HOLT WOOD (LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
## **Notes forming part of the financial statements for the year ended 31 May 2021**
## 16 **Statement of funds**
|General Reserve
Total unrestricted funds
**Restricted funds**
Big Wood
Kickstart Scheme
Power to Change
European Social Fund
Royal Forestry
Total restricted funds
Total Funds
Big Lottery Fund (Our
Environment Our Future)|**At 31 May**
**2020**
**as restated**
**£**
1,360,442|**Income**
**£**
967,321
967,321
-
3,120
25,000
7,815
12,750
126,563
175,248
1,142,569|**Expenditure**
**£**
(784,141)
(784,141)
-
(1,658)
(11,192)
(10,353)
(12,750)
(156,180)
(192,133)
(976,274)|**Transfers**
**£**
14,708
14,708
-
-
(13,808)
(900)
(14,708)
-|**At 31 May**
**2021**
**£**
1,558,330|
|---|---|---|---|---|---|
||1,360,442||||1,558,330|
||150,000
-
-
-
-
79,040||||150,000
1,462
-
(2,538)
-
48,523|
||229,040||||197,447|
|||||||
||1,589,482||||1,755,777|
The General reserve represents the free funds of the charity which are not designated for particular purposes.
The largest restricted funds are as follows:-
## Big Wood:
A project, funded by Ecominds, to establish a "green recovery" program in Norton Big Wood for local people with mental health and well-being issues. Funding was taken over by Bromhead Medical Charity after the Ecominds involvement came to an end, which also ended in 2015. During the project land was purchased to the value of £150,000 which is subject to ongoing conditions of use. Due to this the land is carried forward as a restricted fund.
## Big Lottery Fund (Our Environment Our Future)
This is a forward-thinking social movement that supports young people to lead progressive change in their communities and local environment. We aim to help young people step up and take what is rightfully theirs: a healthy planet, a thriving economy, and a brighter future.
## Power to Change
This was a grant in partnership with Social Investment Business as a fund to support the re-engagement of charitable and community operations to support the local community with the interruptions caused from the coronavirus pandemic. This was aimed to bring back our Hill Holt Health programme to support the varying medical needs of individuals most impacted by the pandemic.
## Royal Forestry
This was a grant to support the creation of a forestry ranger position through the Royal Forestry Society. It was to support the creation of jobs in the forestry industry which has been in decline in recent years and to encourage more people into the forestry profession.
## European Social Fund
The European Social Fund was launched by the European Union to support with the international upskilling and job creation for citizens in the fallout of the coronavirus pandemic. This grant was awarded to us for a project we named Build Your Skills which was delivered to encourage the creation and support for more green jobs in the local community.
## Kickstart change
This was a directly run Government programme to encourage the creation of apprenticeships and upskilling workers across the United Kingdom. It was focused primarily at creating jobs for younger citizens to get them into work as they are the biggest national demographic of unemployed. The Government awarded us the funds to create 3 jobs at Hill Holt Wood.
## Transfers between funds
During the period the charity used the Power to Change fund to purchase fixed assets. As there are no ongoing restrictions relating to the asset it has been transferred to unrestricted funds.
Page 26
## **HILL HOLT WOOD (LIMITED BY GUARANTEE) Registered Company Number 04426756 Registered Charity Number 1119915**
## **Notes forming part of the financial statements for the year ended 31 May 2021**
16 **Statement of funds**
## Negative fund balance
The negative fund balance on the European Social Fund is due to the timing of expenditure being in advance of the income recognition.
## **Hill Holt Wood**
The results for the parent charity Hill Holt Wood have been included in the consolidated SOFA. For the year ended 31 May 2020 the total incoming resources for Hill Holt Wood were £1,004,726 (2020: £965,813) and outgoing resources of £806,378 (2020: £840,624).
17 **Analysis of group net assets between funds**
|Fund balances at 31 May 2021 are represented by
**Fixed assets**
Tangible assets
Investment properties
**Net Current Assets**
Stock
Debtors
Bank & cash
**Creditors**
Total net assets|**General**
**funds**
**£**
1,139,899
200,000
28,767
54,580
335,169
(200,085)
1,558,330|**Restricted**
**funds**
**£**
29,150
35,627
132,670
-
197,447|**Total**
**funds**
**£**
1,169,049
200,000
-
64,394
54,580
467,839
(200,085)|
|---|---|---|---|
||||1,755,777|
18 **Related party transactions**
During the year key management received remuneration totalling £168,718 (2020: £170,443).
19 **Prior year Adjustment**
An adjustment was made to the previous year to correct the work in progress recognition. This has increased the net asset position by £28,210.
Page 27
## **HILL HOLT WOOD (LIMITED BY GUARANTEE)**
## **Registered Company Number 04426756 Registered Charity Number 1119915**
## **Notes forming part of the financial statements for the year ended 31 May 2021**
## 20 **Subsidiary companies**
The charity owns the whole of the issued ordinary share capital of Hill Holt in the Community Ltd, a company registered in England, number 06188432. The subsidiary was established for non-primary purpose trading activities. All activities have been consolidated on a line by line basis in the SOFA. The taxable profit is gifted to the charity.
The charity also owns the whole of the issued ordinary share capital of Hill Holt Gainsborough Limited, a company registered in England, number 08241099. The subsidiary was established as a special purpose vehicle for the Empty Homes project.
A summary of the results of the subsidiaries (including trading with other group companies) is shown below
|Turnover
Cost of sales
Gross profit
Other Income
Administrative expenses
Interest payable and similar charges
Loss/(profit) on disposal of investment property
Fair value adjustment of investment property
Net Trading profit/(loss)
Tax on profit
Gift Aid transfer to Hill Holt Wood
Retained Profit / (Loss)
The aggregate of the assets, liabilities and funds was
Assets
Liabilities
Funds
**Represented by**
Called up share capital
Profit and loss account|**Total**
**Total**
**2021**
**2020**
**£**
**£**
17,719
18,000
-
-
17,719
18,000
2,696
2,327
6,324
5,015
(5,000)
-
-
-
13,699
10,658
1,924
2,025
-
-
11,775
8,633
179,088
223,536
(228,008)
(284,231)
(48,920)
(60,695)
1
1
(48,921)
(60,696)
**Hill Holt Gainsborough**
**Lmited**|**Total**
**Total**
**2021**
**2020**
**£**
**£**
220,245
234,918
84,785
66,283
135,460
168,635
11,000
16,746
79,169
71,617
-
-
-
-
-
-
67,291
113,764
-
-
111,120
135,392
(43,829)
(21,628)
217,848
214,776
(128,597)
(81,696)
89,251
133,080
1
1
89,250
133,079
**Hill Holt in the Community**
**Limtied**|**Total**
**Total**
**2021**
**2020**
**£**
**£**
220,245
234,918
84,785
66,283
135,460
168,635
11,000
16,746
79,169
71,617
-
-
-
-
-
-
67,291
113,764
-
-
111,120
135,392
(43,829)
(21,628)
217,848
214,776
(128,597)
(81,696)
89,251
133,080
1
1
89,250
133,079
**Hill Holt in the Community**
**Limtied**|
|---|---|---|---|
||||168,635
16,746
71,617
-
-
-|
||||113,764
-
135,392|
||||(21,628)|
||||214,776
(81,696)|
||||133,080|
||||1
133,079|
Page 28