Charlty Rogl•tratlon No. 1120240 Company R•gl•tratlon No. 06128047 (England and Wales) THE GREAT WOOD TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
THE GREAT WOOD TRUST LEGAL AND ADMINISTRATIVE INFORMATION Revd J H Simmons Mr8 MAJ Simmons Mr J ambS My S Keighley Mr J Rennison Mr O W)itehou8e Revd M Haslam Revd C {en Mr R W Bather (App)int8d 15 April 20201 Charfty number 1120240 CompAny number (t128047 Rg918t8rod offl 103Argentia P Portishead Bristol 8S20 7as Ind8pend•nt eumln•r Mr P J Barton FCCA ART Ac£ountsnts "MIted Ground 11 Manvers Strèet B8th 8A1 1JQ Bankèrn HSBC 8ank 62 George While Street Cabot CIrS Bristol BS13
THE GREAT WOOD TRUST CONTENTS Pagg Trustees. report IrKlependent examin8¢s report Statement of financial actsvrbes Balanc* sheet Note8 to the finana81 statsments 8-17
THE GREAT WOOD TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2021 The trustee$ present their rgport and financial statoments for y8arended 31 Marcth 2021. The finan¢ial statements have been preparod in accordance wth tho acUnI1n9 Polt5 set out in note 1 to the financial stslements and ojmply wrth the tharivs goveming do(Ment the Companies Act 2006 and "ActsJunts"ng and Reporting by Charities.. Stslemenl of Recommended Practice 8pplicable lo tharities preparing their a¢counl¥ in aCrdan wrth the Finanaal Rewrting Standard appIlble in the UK and Republic of Ireland IFRS 102} leffeclive 1 January 2019)" ObJèctfv81 and actlvlli The Chanty's obje¢t8 are to athants ts Christian Vdrfh in accorda wilh the Charrvs Statement of Beliets in Somerset and in sucli other parts of the UnTted Kingdom or trè worfd as the TNSte8s may from limo lo time think fit 8nd lo fu11 such other purposes which are exVelY tharitable a(rdirj lo th8 law of England and Wales and are conne¢Xed with the Laritable work of the TrusL The tru8tse$ ha paid due regard to guidwKe isSLd by the Charity Commission in deading what a&iMtiès the charity Should undertake. Maln Actfvfties The establishment and management of a re&denlial Christian OthdrJ)r educats'on c4ntre. and to provide part time thaplaincy presence in Somerset stste X1KLS whith have a eonnecon with Great Kbod. Thè tharity's activ88 involve yjpporting thg ministnes of Suipture Union by raising peoplè's awareness of the centre and the amenities it has to offer, the maintenance and development of the property and pmwding suitable fa01e8 for ScptUre Union groups, Somerset County Counol. (who use the centre for outdoor educab"onl, and ft)r grjP$ who book Ihe centre for seffotering weekend3. Fund raising is also needed from lime to time. omploy a lull time Chapjain wfK> works wilh the s(thFs WIK) ctsno to Gre8t Wood, thorn during the dosed period8, and works part time as Chaplain in tsvo local stale sthools. We are segking a trainee Chaplain lo work with him as from Seplembgr 2021 to 8xpand this ministy, for whir there is an in¢reasing demand. Our Chaplain has renIlY qualified to run Forest Schod. 11 is anticApatsd that similar develoK¥nental work arKI 8Ctiwtss on te will wnts'nue forthe foreseeable fijture. Achl•vements and perfornmnco The Charity took 0r thè fftan8gement of Great w( Camp on 1st Apn'l 27. The is in use during the months Marth lo November in any year. In August 2014 a 6 year licen for use of tho Property during thè summer holiday perfods was ontered into with Scripture Union, for whith a premium of £180.CMJJ was agreed. Thi8 was extended for a fvrther ts¥0 years in March 2017. This expires in the gjmmer of 2021 and we are in di&sSIon wrth Sc*pturg Union reoarding the future use of thg summer holiday period. In August 2014, the Slavanka Trust advanced a loan of £200,C(¥) inleftst free 10 year loan sered by way of a first charge on the freehold in order to fa(alitate the purchase of the site. This loan is being repaid by an annual grant of £20K from Thè Slavanka Trus( receivable on the o)ndition Ihat the trustges of The Slavanka Trust are satisfied that the charitable actswies currenuy carried on by the Great Wood Twst are conlinuiThJ broadly as 8t present As al 31 sl March 2021 £60.COJ remaine(l outstanding.
THE GREAT WOOD TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 IXherAchlevewnts In 2016 Somersel County Counol 8igned a three year Ilg tlcense agement for the use of the stte for certain periods during the year, and a g(Kd wotking relationship LDnb"nues beeen the Trustees and voluntsers working for the tharity and the staff of the Somerset centre at Trfjlve trorn whi( th8ir actiwtigs are managed. Due to the CovTd r8str"tCtions norm acMties on sile were Suspended for the whole year, retsjmmenang in M8y 2021. but the site was kept open for Kilve to use for re8Pite 8nd other aclivilies rg14ted lo vulnerablo young people. No wegkend bookings were possble during the year under r8vithv. The loss of inc4)me was allevtatfjd by the $peaal Loe41 Authority grrEls made to the hosprtality sector in SomerseL An annual work party of lUnteerS n¢)m)ally Carriès out a great deal of Maintenan wotk during the Easter holidays, but this did not occur during the year under rgwew due to the Cowd restrictions, bul has been rearranged for laleAugu¥t 2021. Flnanclal rnvlew The charity generated 8n UnreStiic surF4us of £38.867 12020 - surplus £26.3971 during the year under revrew. The surplus arose due lo the extraordinary generosty of our suprorters, and Ihe allewatK)n of the lost income through Govemment support. Generab'ng an annual surplus 1$ necessary to gnable us to repay outstsnding loans and to maintain a steady programme of improvements to the site. Due to the nab'onal ccronavirus pandemic our Chaplain had bogn fvrloughed under the Govemmonl gthemg for part of the year, but is now bad( worknng full time. (hjr setf 8mployad Eslata manager worked throughout the year, carrying Out 80me usefijl mairrtertance which w0d not nonnally have been possible. Major tree surgery was carried out. Our budget foreca for 2021122 indi12tes a m8nag8able defioL causeil by the loss of income in Ihe first quarter of 2021. We had agreed a Stsndby loan fai?lity of £20.0 the Slavanka TrusL but we do not antiap8te any need to draw on this at present Restrrcted fijnds of £784,849 were held at the year end (2020 - £8.117) mainly in relation to donations for the new Mèss Hut Annual d8preaation on the new P¥les8 Hul is debited to this atxount. The Trustees have rgviewed the charitys need for reseThes in line wrth the guidance given by the Charity Commission. Factors taken into 8c¢ount indude the risk of fiulauations in general booking income, unforeseen expenditure on major repairs and thg need to renovatg arKI replace building$ and equipment from time to time. The Trustees consider it prudent lo 1 in general reser4E an amount equivalent lo behvean six and e1 months general expenditure. The poliGy on reseNes is revie4 annually. The trustees have assessed the major risks to which the tharity is exposed. and aro 8atisfi8d that systems are in place to mitsgale exposure lo the major risks.
THE GREAT WOOD TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 StructUrn> gov•rnanco and managem•nt The Great Wood Trust is a chaiitsble company limited by guarantee, registered in England 8nd Wales. It is governed by its Memorandum arKI Arbdes ofAssooab'on, dated 26th February 2007. The trusl8e$, who are also the dirpcth ft)r the purpose of company law, and wffio served during the year and up to thg dale of Signature of thè financtal statements were: Revd J H Simmons Mrs MAJ Simmons Mr J Chambers Ms S Keighley MrJ Renni80n Mr D Whitehouse ReVIJ M HaaM Revd C Owen Mr R W Barker (Appointed 15April 2020) Trustees are 8PPQThlted in acojrdance trteArtides of A8$oolon by ordingry resorlOn or by a resdution of the other directors. Directofs retire by rotation al the Annu81 G8neral Meets"ng. and can be recA)mmended for fe-8lection by thg Other Oirectors. None of the trustS has any benefia.al Inte$t in the company. of the trustee3 are memb8rs of the mpany guarantee to contribute £1 in the evont of a winding up. The Board of Tnjstees administers the charity and has sel up a su&committee ¢x)vering buildings and estsle maintenance and development. and rrtafketing. D8y to day administration is delegated to John fven. Andy Bennett acts as a self employed Estate Manager. New trustees are encouraged to Spend th.me with the thaimian. who wll guide them through the indurtion Pro$$ which in¢Sudgs time with key hr4unt88f8. Employeg Involvement Applications for employment by disabled persons are ahvays fully con&dered, bearing in mind th8 apb"tudes of the applicant concsrned. In thg event of member5 of staff becoming disabled, every effort is made to ensure that their employment within the tharrty continues arKI that the appropriate training is arranged. It is the policy of tho charity that the training, career development and promotion of disablgd persons should, as far as p0sble, be identical to that of other employees. The tru$te88' rgport was approved by the Board ofToth$. Rev'd J H Simmon8 Trustee Dalgd..
THE GREAT WOOD TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GREAT WOOD TRUST I report on the finanoal Ststements of the dwrity for the year ended 31 Marth 2¢f21. which are set out on pages 5 10 17. ROSpeI¥0 responslblllU•s of trtO•S and examiner The tharitys Iru8tees, who ar8 also the direclors of The G8t Wood Trust for the purposes of company law, are responsible for the preparation of the acunts. The trustees consFder th8t an audit is not required for this yegr under section 14412) of the Charities A( 2011 (the 2011 Ac) arKI that an independent examin8tion 18 néeded. H8wng satisfied myself th8t the tharFty is not subjwA to audit under company law and 18 eligible for independent examin8b"on. It is my responsibility lo". examine the finanaal statements under sèction 145 ofthe 2011 Art lill to follow the procedu$ laid down in tho general Direction8 gi¥Bn by the Charity Commission under Section 1451511bl of the 2011 Act,. and lili) to stats whether particu18r matters havg come to my attention. Basls of Ind•pgnd•nt •xamln•fi roport My examination was canied OLrt in accordancE with the general Direciions given by the Charity Commisston. An examination indudes a rev of the accounting records kept by the charity and a mparisOn of the financAal ststemenls presented wrth those rers. It also indudes consideration of any unusual items or dlsdosures in the financial statements. and seeking explanats.ons from you as trustees coneeming any suc matters. The procedures undertaken do not prowde all the emdence that would be required in an audit and consequenuy no opinion is given as to whether the finarrial statements present a 'true and fair and the report is limited lo those matters sel out in the ne ststemenL Indepondent examlnerfs slatsm8rf In connection with my examination. no mattor has rJ)m8 to my att8ntion'. (el whic gwes me reasonable caus8 to believe that in any material respect the requirements.. li) lo keep accounting records in accordanco Wrth se(*on 386 of the Comp8nies Act 2CQ6'. and (li) to prepare finanaal stslements %thich aeo)rd wrth the awuntrng rerds, Lx)mply th8 8c£ounb"ng requirements of seL#ion 396 of the Companies Act 2( and the methods and pnnaples of the Ststsmerrt ot Recommended Prwkn.. Aunb"n9 and Reporting by Chanb"e8,' have not been met or Ibl to whith, in my opinion, attents.on shwld be drawn in ord8r to enable 8 proper understanding of the nanoal stat8ments to bg reathgd. Mr P J Barton FCCA ART A¢¢ountants Limltod Chartered Certifled A¢¢ountants Ground Floor 11 Manvers Street Bath BA1 1JQ
THE GREAT WOOD TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 Tolal unr8stn.cted Restricted fvnds fvnds 2020 2020 Total funds 2021 fund 2021 2021 Nole8 2020 Donations and legacies Charitable actimties Other incxjme 18.695 63.C#)3 34.489 18.295 36.99) 63.003 54,489 8,988 98,861 6,119 35.787 44,775 98,861 32,119 26.OC#J Total Incom• 116.187 38,295 154.482 113.968 61.787 175,755 Charitable activities 97.320 33.563 130.883 107,571 40.828 148,399 Net Incomlng rgsourcgs before traMf•rs 18.867 4,732 23.599 8.397 20,959 27.3 Gross tran3fers he6¢n funds 20,CQO 120,(k)01 20,C) {20,0001 in¢om•l{exndltUrfj) for tho yoarl Net mov•m•nt In funds 38.867 (15.268) 23,599 26.397 959 27,356 Fund batance8 at 1 Aptil 2020 3C48.230 e(KJ.117 1.108,347 281,834 799,158 1,080.992 Fund b41anc•8 at 31 March 2021 347,097 784.849 1.131,946 308.231 800.117 1.108,348 The statement of financial 8Cbvibe8 ifK4udes 811 gains and losses recognised in the year. Atl Inrne and expenditure deri frDm conlinuing acli¥itie8. The ststement of fin8noal activibes also Ll)mplies with the requirements for an inmo and expenditure account undgr the Companies AIA 2C(6.
THE GREAT WOOD TRUST BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Flxed a8sets Tan9ibJe a&8ets Current assets Debtors Cash al bank and in hand 10 1.199,475 1.234,397 11 10,326 13,343 33,278 Cl110. anunts lalling due vAthln one year 54,230 46,621 12 {61.759) (62,6701 Net cjjrrent liabilities 17,529) 116,0491 Total asets1088 currnnt Ilabllllle8 1.191.946 1.218,348 Credltorn: amounts falllng du8 after more than one year 13 160.OCM)) (110.C(QI Nèt as8ets 1,131,946 1,108.348 Incomt ft4nd8 Restricied funds UnTrstri(ed fijnds 14 784.849 347.097 800,117 308,231 1,131,946 1,108.348
THE GREATWOOD TRUST BALANCE SHEET (CONTINUED) ASAT31 MARCH 2021 The company is entitled lo the exemption from Ihe audit rewiremenl (x)ntained in section 477 of th8 Companiès Act 2006, for the year ended 31 March 2021. The tnJslge8 acknowledge their responsbiltiies for enJring that th8 tharity keeps accounting records which comply with section 386 of the Act and for preparing finanrAal statements which give a tnje and fair view of thg state of affairs of th8 company as * the end of the financ4al year and of its ing)ming resources and application of fesoufees. induding its inrne and expenditure. frjr the finanaal year in acurdon¢e with the r8quirem8nls of Sections 394 and 395 and which otherwise mpty with the roquirements of the Companies Ad 21x6 relating lo finanaal statements, so far as applicab lo the company. The mombers have not required the company to obtain an audit of its finanaal slatements for thè ygar in qU8slion in actsjrdance wth se(*on 476. These finanoal statements have bean prepargd in acconIan with the provisions applicable to companies subjeca to the small mpanIeS regime. The )In8naal statements werg apprDv8d by the Trustees on ....... ................. R8Vd J H Simmons CompAny Reglstratlon No. 08128047
THE GREAT WOOD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 A¢countlng Wlcle8 harlty Infom0 The Great Wood Trust 1$ a private company limited by guarantee incorporated in England and Wales. The registered t)Ifice is 103Argenlia Place. P¢)rtbshead. Bristol. BS20 7QS. 1.1 Accountlng ¢onventlon The financial ststements ha¥p been prepared in actord8n(t with the char(ty's gov&ming d0Ment, the Companies A¢t 2C(6 and 'Accounting and Repofb"ng by Chavitsos". Statement of Recommended Practice applicable to tharities prsparing their accounts in aLrordance with the Finanual Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 leffeth.ve 1 January 2019)" The chanty is a Public Benefit Entity as defned by FRS 102. The charity has taken advantsge of the prowsions in the SORP for (arits'es applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flow& The financial statements a(e prepared in steding, whith is the fijnctional eJJrrer• of the ch8rity. Monetary amounts in these financ4al statements arg rwthd to Ihe ngar88t £. The finanaal statements havè been prepared under the historical ¢))st conventson, modified lo indude the revaluation of treehold properties and to indude investment prope"e8 and c8rtain financial instruments at fair value. The prinrApal accounting poliL?es adopted are set out below. 1.2 Golng Concern Al the lime of approving the financaal statemerrts. the ITustses have a reasonable expedation Ihat the charity has adequate resourcs to continue in operalional existen frjr the forEseeable fvture. Thus the trustees continue to adopt the going concem b881$ of acu)unting in prgparing the financAal statements. 1.3 Charftabl• funds Unrestrtcted fvnds ar8 awlable tr use at Iho th'scretion of the twste88 in furthernnce of their tharitable objrfts"ves. Restricted funds are subjeci to spelific (ndItIOnS by dcmor8 as to how they may be used. The PUfFfjses and uses of thg restric*ed funds are set out in the nol88 to th& finanoal statements. En¢Jowment fLnd8 are subje(# to spec4fic conditffi8 by dfxths that the Capital musl be maintsined by the 1.4 In¢omè Income is recognised wfÈen the charity is leg81ty entiued lo it after any perfomiance conditions have been met. the amounts can be measured reliably, and il is probable that income will be received. Cash donations are recognised on receipt. Oiher donations arg recognised once the tharity has been nolffied of the donation. unless perf(ance condthons require deferral of the amount. Income tax recovgrable in relation lo donations receibed utwjer Gfft Aid or deeds of Co8nt is rècognised at Ihe b.me of the donation. Legacies are renISed on r1p1 or otheise rf the charrty has been nolffied of an impending distribution, the amount 13 kn¢)wn, and receipt is expe¢aed. If tho 8moLtnt 1$ not known. the legacy 18 treated as a contingent as8eL 1.15 Exp•ndltur• Liabilities arB recogni8ed as gn as Ihere is a leoal or cx>nstruclive obligation rnmmitts.ng the charity to P8y out resources.
THE GREAT WOOD TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accountlng pollcte8 Icontlnuedl 1.6 TangIts fix•d ass•ts Tangible fixed assals I initially measured at c#)st and subsequenty measured at cost or valuation, net of deprea81ion and any impaiment losses. DepreaatFon 18 reeognised so as to write off the cost or Wdlu8tion of assets s8 their residu81 values ovér their useful lives on the following bases.. Freehold larKI and buildings Propety improvements Futures and fittings 5 to 50 year5 10% straight line 25% straiglrt line The gain or loss arising on the dispos81 of an asset 18 detemiined as the drfferen tsetren the sale proceed8 and the rArying Value of the asse( and is Trca)gnised in net irthmpJ{expenditurg} forthe year. 1.7 Impalnnent of fixed assets Al each rEporting end date, the carity tEMews the earrying amounts of its tsngible assets to detemiine whether the is any indicats.on that those assets have suffered an impairment loss. If any such indication exists, the relerable amount of the assel is estimated in order to determine the extent of the impairment 108s Irf any). 1.8 Cash and cash equlvalents Cash and cash equivalents indude cash in hand. deposits held at call with banks. other short-tem) liquid investments with original mattjrrties of three month$ or less. and bank overdrafts. Bank overdrafts are shown within borrrywrngs in current liabikties. 1.9 Flnanclal InstTumgnts The charity has electe(I lo apply the pro$10n$ of S8clion 11 'B8sc Finanaal In8truments' and SectFon 12 'Olher Financ4al Instruments Ie$. of FRS 102 10 811 of its finanoal instruments. Financial instruments are reLnISed in the charitys balanc8 sheet when the tharity bee4Mies party to the contraciu81 prowsion3 of the instnjment. FinancAal assets and liabl1'eS are offsec with the net amounts presented in the finanaal statemènts when there is a Iggally enforceable right to set off the recognised amounts and there 18 an intenb.on to setiie on a net basis or lo realise the asset and setlle the liabilrty SimultaneouY. Ble financial assets Basic finan(aal assets, which indudè debtor8 and cash and bank balances, are InallY measured al transaction pricÉ induding transath.on costs and ar8 subsequently carrieil 8t amorbsed cost using the effectrve interest method unless the arrdngement CA)nstitules a finanang transa¢"on. whore the transacbon is measured al the present value of the future ripts dIUnted 8t 8 market rate of intsresl. Fin8na81 assets d8ssified a8 reitIe within on& yr are amc¥ts"sed.
THE GREAT WOOD TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2021 Accountlng poll¢l¢8 IContlnu•dl Basic flnancial liatslitles BaC finanaal liabilities. induding creditors and bank loans are initially rgcognised at transath.on price unles8 the arrangement constitutes a finanung transaction, where the debt instrurnent 18 measured al the present value of the future p8yments discounte(J at a market r81è of intsresl. Finanoal liabilities dassffjed 88 payable wthin one year are r1 amorb¥ed. Oebl instnjments are subsequenuy Caled 8t affl0"8ed cost using the effective interest rate method. Trade cyeditors are obligations to pay for goods or s8rw¢es that have been acquired in the ordinary LX)urse of operations from suppliers. AJnounts payable are caassffied as (yJrr9nl liaknlities rf payment is due within ong year or less. If no( they are presented as nOfi-fnt liabilib"es. Trade ergdrtors a reeognised initially at tfansath'on prico and subsequently measured at amtised cost usirvJ thè 8ff8cbve interest method. Dere¢ognhion of fin•ncial Il•billtles Finanoal li8bilib.es are derecogni8ed wh8n the thaws contraal obligations expire or are distharged or cncelled. 1.10 Employth benellts The cost of any unused holiday entill8m8nt is rg(wnised in the period in vthich the employee's services are recelved. Temination benefits are rtcognisod immedi8tely as an 8xpense when the tharity 1$ demon$trabJy committed lo terminate the p10YMent of an empknyee or to termination ben8fit& 1.11 Retirnm•nt bon•fits Payments to defined cothl)ubon rWir8menl benefft sthemes are tharged as an eyp8nse as they fall due. CrHlcal acc¢>unllng estlmato# and Judg•Th In the applicabon of the charitys accounting polirAes. the IsteeS arg requir8d to mak8 jUdgeM8r, 881imales and assumptions about the carrying amount of assets and liabilities that are not readily apparert from other sourcés. The esb'mat88 and asso¢iated assumpb.ons are ba8ed on historirAI expenence and other factors that are COndered to be levanL Aciual results may drfter from these esb"mates. The estimates arKI underfying a8yJmption$ are remwffjd on an ongoing basis. Revi&ons to 8ceounting estimates are recognised in the period in whic the ests.male is revised where the revision affects only that period, or in the period of the slon 8nd fvture periods where the revision affeds both current and future periods. Donatlons and I8cloS Unre8trlGted Rèstricled funds funds Tolal UnrèstrifAed Rastrictod fijnds frJnds Totsl 2021 20 2021 2020 2020 2020 Donations and gifts 18,695 18,295 36,9 8,988 35,787 44,775 10-
THE GREAT WOOD TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Charftable actlvll• T¢)t•l TolEI Z020 Z021 Sales wthin charitsble a(*ivities 31.581 970 452 98,861 For th8 year end•d 31 March 2020 Qroup Imxklnus Totsl 2020 Sale8 within charitable aclivities 30,WO 33.4n 98,861 Analy&8 by fund Unrestriraed fund8 30.DJO 33.473 98,861 r Inci>m8 Total Unrestrirted Restricted funds fvnds Total lunds funds 2021 20 2021 2020 2020 2020 Uilities recharg¢ Granl8- Slavanka COVID 19 Grant8 6.119 6.119 26.0(X) 20.IX(I 20.0(KJ 34,489 26.000 34.489 34,489 20.(kn) 54.489 6.119 26.000 32,119
THE GREAT WOOD TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Charllabk athities Charttablg Charltable EXpendure Expen(titure 2021 2020 Staff costs Depwats"on and impairment Ulilitj'es before recharges Estate maintenanc8 Pool costs Phone Equipment r8p8irs and consumables 29,680 29.238 35.483 18,469 16,999 6.293 1.050 9.829 19.874 910 F 11 Cleaning Estate management Insurance Ministy to schools Sundry expenses Loan inleresl 618 5,540 4,291 18,600 4,301 1,651 1,941 19.375 4.405 1,441 2.784 128.045 144,654 Share of support costs (see note 71 Share of governance costs (see note n 2,188 3.095 650 130,883 148,399 Ana1• by fund Unrostricted fijnds R881ricl•d funds 97,320 107.571 40.828 130.883 148,399 For th8 year gnded 31 March 2020 Unrestricted funds Re$lricted funds 107.S71 40,828 148.399 12_
THE GREAT WOOD TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 8upport costs Support Govomance osts 20 Support Govem8ncg costs costs 2020 Trustee expenses Accountanc 155 1.589 1,589 1,5 Independerrt examinab.on 650 650 2,188 3,095 650 3,745 Analyseij been CharitabEe aclfvéttes 2.188 2.838 650 3.745 Govemance costs indudes payments to the indopendenl examiner of £65012021N £650). Trust••s Nong of the trvstees {or any persons conneced with Ihom} any remunèration or bènefits from the charity during the year apart from those disdosed below. Total expenses wer8 reimbursed to one12020- Ihreel Truee during the year. smtnting to £1SS {2020 - £1,589). Employefj• The average monthly number of employees during th8 yearwa 2021 Number 2020 Nufflr EmployThnt costs 2021 2020 Wages and salaries Other pension eosts 26.880 2.81 26,480 2,758 29,680 29.238 13-
THE GREAT WOOD TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 10 Tanglbl• fixod aM•ts 4Th1 bjikllngs Imwc¥•mts Cost At 1 April 2020 Addits"ons 1,328.268 29.438 26,034 1.124 1,383.740 1,124 At31 M8rth 2021 1.328.268 29,438 27.158 1,384,864 Depreclatlon and Impalnmnt At 1 Apnl 2020 Depreualion charged in tho year 127.131 29.e65 16,797 5.416 3,437 149.344 36,045 At 31 IAar¢h 2021 156,7 19,740 8,853 185,389 Carrylng amount At 31 March 2021 1.171.472 9.698 18,305 1,199.475 Al 31 March 2020 1,201.138 12,641 20,618 1.234.397 11 D•btor• 2021 Amounts fallln9 du• lthln on• )ar: 2020 Other debtors P)Bpayments and acc¥ued income 4.431 8.912 3,227 10.326 13,343 12 Cr•dltorn: amoun1• falllr4 due withln one 2021 2020 Borrowings Oth&r taxation and socig18eoJrity Payments received on account Accnjals and deferred income 50,000 632 3.150 6.148 5.243 61,759 62.670 14-
THE GREAT WOOD TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 13 Crodltorn: arno falllng due after mor• than one 2021 2020 Slavank8 loan Scripture Union li¢ence premium 60.oc(J 80,000 30,000 60.000 110,000 15_
0 111. I I I
THE GREAT WOOD TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 16 Analysls of net 4S80ts betn funds Unrestrlcted Restrlctsd 2021 2021 Total Unrestn"(aed R6Stri¢ted 2021 2020 2020 Total 2020 Fund balances al 31 March 2021 are represented by.. Tangible ass8ts Current as8elsl Ili8bilitsesl Long tenn liabiliti68 421.C 778.469 1.199,475 440.273 794.124 1,234,397 {13,W91 {60.Cl (7,529) {22,0421 160,OfX)) {110,CQOI 5,993 116.0491 1110.OCQI 347,097 784,849 1.131,946 308,231 800,117 1,108.348 16 R•lal•d p#rty transa¢tlo Tfse Gregt Wood Tnjst is affiliated to S¢ipture Union ISUI IRegisler8d Charity no. 11202401 through Su's Asswate Trust scheme. SU has no eontrol ov8r the Chaws affairs. but offers 8dwce and support for its various ministries. As disdosed in the Trustees, report prior to 13th August 2014 tha Charity manaoed th Great Wood camping stie on behaM of the form8r freetrw)Id8rs. SU under the lemis of a lincE agr8em8nt 17-