Charity rngistratM)n numbor 1120240 cOmnY registralion number 06128047 (England and Wal•sl THE GREAT WOOD TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 IIIIIN ACFBPM55 3111012023 COMPANIES HOUSE A11 *20
THE GREAT WOOD TRUST LEGAL AND ADMINISTRATIVE INFORMATION Tntstees Rwd J H &mmor Mrs MAJ Simmons Ar J Chambers Ms S KeigNey Mr J RenThson Mr D ltelSe Rev'd C ¢n Rev'd D Vthrtak {Apwnted 5April 20231 Charfty number 1120240 Company number Cfj128047 R•9i$t8f•d office 103 Argenlia Place Portishead Bristol BS20 7QS Ind•pondent emmimr Mr P J Bwton FCCA ART Accountants Lwnibj Ground Flcor 11 Manvers Street eath BA1 1JQ 8ank•rs HSBC Bank plc 62 George Wxte Street Cabot CITOJS Biislol BS13aA
THE GREAT WOOD TRUST CONTENTS Page Trusteos. repcrft Independent examine¢s repxt Slatgment of finarrial a¥iwtie5 Balar Sheet Notes to the financiat 5ta*merts 8-18
THE GREAT WOOD TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The tn&stees present thw"r Nal Ort and financ4al statements for the year ended 31 March 2023. The finrrial $tstements have bew tryared in aCCe ty19 a¢¢cwnlirvJ FJlh?es set out in nots 1 to Ihe ffinancial slalemenls and cOMY th8 chty$ govemiro th¢umeni. the Compani8s Act 20C6 and "Accounting and Reporb"ng by Chanties.. Statement of Recommended Practice apF4icable to ¢harrfie$ preparing their a¢¢ount$ in accordance wth the Finanual Reporti'ng Stsrtrjard applicab$8 in Ihe UK and Republic of Ireland IFRS 1021 leff¢¢tiv¢ 1 Jary 20191" Objectives and activities The Chaws Obj are to advance the Chrislian farfh in accLvdarte wilh the chl1S Statement of Beliefs in Somerset aThJ in such othar parts of the Unit8d "ngdoM or the wuld as the Trustees may from time to time thiTh fit and to fulfil such other PWFX)ses vthtch are exdusivety charilat>le lo the law of EngLand and M&les and are Connected wth ¢harrtable work of thè Trust The tnJste&s have paid ¢J8 rggard to gudw iSsLd Chatity CrxnmtssiM in dlIng what &tiwtios Ihe ch¥ity should wKlertake. A¢hieveme+tts and p8rf0rn)ane• The Charity took over the management of Vèt(¥l Cany on 1st Awil 27. The site is in use during th• rnonlhs March to Nov8mbgr in any year. In August 2014. the sav Trust advaed a loan of £2,) interest free 10 yew loan secured by way of ffirst char90 on fre8hok1 in order to facilrtat8 the wfchase of ts ste. TIMS is being repaid by 8n anNal grant of £20K frown The Slavanka Trust, re¢wvable on the condition that the trustees of The Slavanka TrLt5t are satisfied that the charitable xts'vities currenljy carried ffi by the Great Trust ¥e continuing broadty as at prel A$ al 31st March 223 £20,1x remained outstanthrYJ. Scripture UnKJn have used (>eat V1 for many fs for the pmvisron ofclyistian holidays weekends Due to Covid restriction5 Scripttire Union was rvJt ale to a fijll prcoramme of holiday$ during the prevUS year and the impact of this made a mearmnglul irnpact on the Chanty, both from a ministry and finanaal p8rspeth"ve. H(ywever in septtser 2022 Sctipturè UnKm entered into • agreement for the use of Gat for five wéeks in tr Summer holidays 2023 and 2024, $0 the summer mirwsty is rTh back on tra. OtherA¢hi•v•m•nts In 2016 Somerset County Council signed a three year rL41iNJ lieense 4reement for Ihe use of the site for rtain Periods duriNJ Ihe ye8r, and a g¢Jod workn'ng labOrt$hiP ¢ontinues behyeen the Trustees and volunteers working lor the tharity and the staff of the Somerset cerrtre at Trfj5ve from which their acb"vrties are managed. In May 2021 a normal wogramme was resum8d I1(1 the restricbons whth had imposod as a.consequen of th• pdemic. The Charity provthd a Ch•air¢y SeM"ce to Kifve thrrMJh)Lrt the tr.me vth•n they were using the srte. In Seplember 2021 the Charity entered into a sendment agreement th South St Youth Minis$ (s} ereby SWYM plawl with OLf fvll time Cha ain a trainee vth) bs Studying for a Masters Degt in Applied Theology at Mot8ndS CdlegÈ in Cl)n'stthurch, Dorsèt. Thus has enabled ¥ meaningftl increase in the WOTk wrtich our Ch8plwn can aChve especialy during when Great Camp is dosed for winter rnonths. This renant terminated In Au9usI 2023 follorg the gradualion of train8e. We are actively seeking a suitable eandidat8 to tske his During Ihe pVIouS year the kxs of incom& dL to COVKI was alle¥ial8d by a futher s1#1 Loeal Aultiority grant mado to the hosptslty sethr in Sc¥nwset. An annual work party of voEuntggfS nornally cani8S Out a great of mairrtenanc• work duriThJ the Easter h(Siday$, but Ihis was mt possi8 in 2021. Happily the full V+urk party rntumed to Camp in A1 2022.
THE GREAT WOOD TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Flnan¢lal retlow The charity generated an Lmre$tri(Xed surplus of £77,640 {2022- surplus £7.7) (knring the year under review. The unusually high srU$ arose due to the exceptional generosty of OLY SUPPOrter5 and a I¢1 grant Making trust partly in respLSe to an appeal for solar panels and a reacemern lor our ageing general stfft. The solar pane15 were instslled in August 2023 arrfl thè sth wll be 0111 during the wnter of 2023124. Generaliry an annual SUfFJus is ne¢essary to enable u5 to manL?n a steaty programme of improvements to the $ite. Due to the national On4VinJs pandernic Chapkin had been furf¢xthed urJer Ihe Govemment Sch10 for part of Ihe PTO¥llyl$ year. Our budget fryecast for 2023r24 iTrth¢5 a small swtAus after chargir#J deweQatsl on bjildirws. Restricted funds of £764,271 tro held at the year end {2022- £768.71n MalY in r8lation to donatn9 for the Mess Hut AnThJal deweu&"M on nLw Mess H4rt 1$ d81Mled to this lt Tf Trustees have rev¢thved th8 chari8 need for reserves in line Vith the guidanr given by the Ch¥ity CommissiGn. Fadors taken into a¢cwnt indude the risk of flucluatsons in gerral bwking income, unforeseen expeTrture on major repairs and t need to rernvate a)d replxe buiklir#Js and equipment frcfft time to time. The Trustees ¢on5ider il prent to Mld in 9grra feser¥e amthrt e(wivalerrt to b8tre8n thr88 aTrJ six months general exptyjre. The pol'cy on reseTh¢s is reviewed annuty. The INstees have assessed the maj'or risk5 to wfftich the chwity is eXSe. and 58tisfied th* systom$ are in pJac• to mrfigatg exposw8 to tha nlOr risks.
THE GREAT WOOD TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) Its Iha dalB oi signalurn of Ihe finorKial data11$yS1O". SiNffnow Mrs MA J Stmn Mr J Chambers MsSKeW ktrJ Rennison Ad kl H•*m MrRWBa D Vthitak 2023) their eryloyTrent within the (wtinues aTrJ ltst the ap[?810 i# #rrwged. tt is th• polity of thè Rerfd J H Simm(
THE GREAT WOOD TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GREAT WOOD TRUST I report on the financial $tatem•nts ot tr Ch tr the yw ended 31 Marth 2U23. whith are set wl on pages 5 to18. Respective responsibilities of tfuslees and examln•r The charitys trustees, who are aso the directors ( The Gfeat TN$t for thg wrposes of comparry law, are responsible for the prèparation of tre ac£ounts. The trusiees cons¢der that an avdit is not r8quir8d for this year uThJer seclion 144121 of the chariti.es A¢t 2011 (the 2011 A¢t} ar#1 that ¥n irerbJent èxaminats.on is needed. The charFty's gross in¢ome exceeded £250.(D) I vAn qualified lo urKlert8ke the exarninatn being a qualified member oftho AMlati0ft of Ch8rtw&J Cerbfied Acc£thants. Havinq satisfi8d myseff Ihal the ¢h8rty ts rK)t $4pc to audit Lmder crynpany knv WKI 15 eli? fvr Irtydent examination. rt is my responsilylity to.. examine finan0 $tatwn¥nts urth sectv 145 ot the 2011 Ad" lill to follt)w the Pfrte¢Jures laid in general DItionS given by fv Chty Crynmission uTrJer section 14515llbl of the 2011 and lii)I to state whether particLtlar mts hav• come to my attentm. 8asl$ of Independ•nt examinerfs report My examinabon was Carried txrt in actd ilh tr gener t)Ire¢lnS gven by Chty CLMnmission. An examination includes a review of the accounting recd$ kept by the ch¥ty and a comparison of the financial stat8m8nts presented with Ihose records. It aso indudes csleration of Y unusual it$ c disdosures in the finanoal stat•ments. and s88knng explanalions from you as trustees corK•miro any such matters. The pro¢edwes undertaken do not providg atl the eVKI¢8 that t• required in an audit and sequen1JY no opnion is giwn as to the fina[1 stat8mty)ts près• a aThJ fair vi. the report 1$ limitsd to thosa mattws set oul in the rxt ststemenL Indepgndent examinerfs statement In connectr'on my examinab"on. no mtter e(Yne to my attenbon.. lal vthich give5 me reasonawe cause to belve that in wy maleiial $F¢Ctthe reryirnments.. to keep a¢untr"ng records in xcordaKe wilh Sh"On 388 of the CoMp1•sA 2CL)6.' and (ill to Prepa finanual statements whth a¢¢ord t the a¢¢ounb"ng records. comply wth the aco)unting r¢quirem¢nts ol sethon 396 of COmpanS Act 2Cth aThJ wlh the method5 and principles of the Slat8m8nl of Re¢ommended A¢crAmts"rYJ Rep)"n9 by Chanb"es: hove not been met Ibl to whith, in rny opiniw. attenkn should be in txdgr to en¥Jle a proper und•rstandirYd cé th• finanual $tatements to be rè¥hed. Mr P J Barton FCCA ART Accountants Limited Chartered Certified ArKountarts Ground Floc 11 Manvers Stre•t Bath PA11JQ I Loz3
THE GREAT WOOD TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 T¢Aal UnrestriLed Restrl¢ted funds funds 2022 2022 Tt)tal funds 2023 lunds 2023 2023 2022 Notes ome Donations and legacies Charitable av¢s Inveslments Other inc¢me 94,313 92,825 126.761 2.825 32 20.cA .435 21,008 22. 43,098 70.460 16.435 13.525 33.525 Total incomo 52.448 2ffi.053 104.993 42.0 147.083 Charitable activthS 145,963 182.857 117.207 38.222 155,429 Net Incominglloutgoingi rnsour¢•s before trnnsfers 57.642 15,554 73.196 {12.214) {8.346) Gross transfgrs botsffjen fvnds {20,¢) {20.C) Net incom¢ll•xpndltur¢) forthe yearl Net mov•m•nt In ftsnds 7T.642 {4.446) 73.196 7.786 116.132) 18,3481 Fund balarS at 1 Awil 2022 7e8.717 1.17J.6(KI 347.097 784.849 1.131.946 Fund balanus at 31 March 2023 432.525 764.271 1.1.796 354.883 788.717 1.123.800 The statw*nt of fina481 j¥"9$ iNJu¢les all gwns * SSeS rwi5ed in the year. All income and 8xpen¢fjbJrn derive from contiNing aclivities. The statement of finanual actit also comF4ies V•ith the regrrirements for an Ine and experKlibJre aco)unt und8r the CoffwiesAct 2.
THE GREAT WOOD TRUST BALANCE SHEET AS AT 31 MARCH 2023 2022 Fixed assets TarAJibJe 355ets Current a5S Dgbtors Cash at bank aKI in hand 12 1,145.471 1,163.425 13 17.043 26.770 89.209 121271 43,813 Creditor5: amounts falling du• wlthln on• year 14 {69.946) 163,6381 Net cuffent assds1lliabilesI 51.325 119.6251 Totsl ass¢ts less eurrqnt Ilbiliti06 1.1.796 1,143.61)J Creditors.. amounts falling du• aft•r morn than OM year 15 (20,OODI Net assets 1.1*.796 1.123,6DJ Ineome fvnds Resiricted fLmds Unrestricted fvrxts 16 7e4271 432.525 768.717 354.883 1.1.796 1,123,600
THE GREAT WOOD TRUST &ALANCE SHEEr (coKnNUEO) ASAf3t MARCH 2023 affair8 01 tr• o)mpany as 8t of fm•ndal and rf its res1 And a41(alon of - I.L. knL3 R•rfd J H SThY#hW Compary R•gl*atkn (16121047
THE GREAT WOOD TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies Charlty Infomiation The Gr•at Trust is 8 private ¢cffipany lirnited by guèrantoe irtffjMx8ted in England and Wlales. TP registered office is 103Argenba PLqce, PtiShead. Bristd. BS20 7QS. 1.1 Accounting ¢onvontlon finaneAal statements have been prepared ni ac£ordarte with charitys govwning document, the Companies Act 201A and "AccountirvJ •xl ReporbrvJ by Charibes.. Statement of Recommended Pracb"ce applicable to charile5 prèprvj their accounts in accctsrt8 wih the FInara1 Reporbng Standard applicable in the UK 8nd Republ¢c of Irdand IFRS 102) leffeth.ve 1 January 20191.. The charity is a Publi¢ Benefit Enthty as dored ty FRS 102. The Charity h85 taken advantage of the wovisms in Ih8 SORP for cfArib"es awying FRS 102 L&pdale 8Ldletin 1 not to wepare a Statement of Cash FkAvs. The finanual s&ernerrts arè prepared in sterfin9. which is ts lunclional curr•ncy of the rtrity. Monetary amounts in Ihese fincial statements are rounded 10 nearest £ The finaroal statements have bew prepared urthr the listorical cost convenlion. Imothfied io the rovaluab.on of treelv)Id &were5 and to indude invoStment propwt"8s arKI certain finanaa insiwments at fair valuel. Tho w'r01 WAYrtirvJ Foliae5 •S¥ted 8Te set Wow. 1.2 Going con¢em At the of approwng tho final statements. Ihe trustees have a reasonatAe exFciation thal the charity has adequate resources to ¢Onts"nL in opwth.onal estanCe ts Ihe Itre5eeab fvrtwe. Thus lffustees conlinue to adopt the gory CCeM basis of accwnting in pryry the financ4al slatemants. 1.3 Charitable lunds Unrestnct¢d ftfftds are availatle for use at the discrelion of the Intee$ in fiJther8n( of their charita1 objectives. Re$tn"cted fvnds are sutr4oct to sptr¢ffi¢ ¢LY¥Jith"o)s by as lo hcr they may b& used. The purposes and Ltses of the restricted funds are set out in the nc4es to the finCl ststwngnts. Endoyment funds ¥e SLts'ect to speufK ¢rnrJbons ty th)rm that cathl must be m&ntained ty I charity. 1.4 Income Inccffie is recegnised when th• ¢harity is legally enbtied to rt after any fance eonditi'ons have been met. the amounts can be measure(I relialjy, arKI it is that wil be rffeived. Cash donatiorts are recognised fec8iPt Other donations fecowised a8 the charity has been rtified of the donat•)n, Unless perfonnance coThJrtion5 reqwre deferral of arunt. Ir¢omg lax Touweraue relation to donatK)r received Lmder GrfiAid or d80ds of o)venant is reco3nised at the bme of donab"Dn. Legaeies are r8cogrNsed on re¢erpt or othemse rf th• ch¥ity has b8en notified of an impending distributn. Ihe amount is kntywn, ar41 rept is exFected. If the aM(¥t is not known. the legacy is treated as a conts"nt asset 1.5 Expendlturn Liabilib'es a recognised as soon as there is 8 Segal or ¢sIntiVe oblvJalion c*)mmitling the thgrity to pay rwt res0LhT$.
THE GREAT WOOD TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng policies (Continued) 1.6 Tngible fixed Mets Tgfflgible fixed assets e initially measured at cost arwj sutwrt1Y moasured at ¢ost or vaktation, n81 of depreciation and any iwimrt losw. Depreaalion is recowised so as to 11? off the cost valualN)n of less trir resi( values over their useful live5 on Ihe ft>llrywiThJ bases.. Freehold land buiklings Property irnwovements Fixtures and fittings 5 to S) years 10% straMJht line strawJhl line Tho gain or1055 arising ¢)n Ihe dispos of an asset is detefmird as the (fferenc4 beieon t sale w0•dS Kl the carryry value of the asseL •d is r8cognised in the staternt offfinanctral xtivities. 1.7 Impalrmert of fixed assets At oach reporting ond date. the ¢hanty rèvwws the carrwng afflots of its tangibk assets to detemine whether there is any inth"call that those assets have suffwed impaimient bss. If any such indi¢aiion ists. the r8¢overable amount of the asset is esthmsd in tyder to (ktemine athnt ol the impairwnont )ss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents indude cash in hand. depo%ts held at C1 banks, other srt-tern liquid investm8nts tti original matuntsts of three mthiths w less. and ba overdrafts. Bank overdrafts are shNn wIn in currenl liat¥.1es. 1.9 Financlal instruments The charity has ebxed to aFvly the provisKJns of Seclion 11 '8asi¢ Finaal Instrumgnls, arhy Sfjction 12 'Olher Finawal Instruments Issues. of FRS 102 to all of its financial instwments. Finartial instruma)ts afe recogr#sed in Ihe t4qlwKe slwt tln Ihe chanty bgcunes party to the contractual provision$ of the in5trum8nt Finawal assets liabilrtlgs are offset. vkn nel amounts preserrted tn th• finawal statements. vthen there is a legally enforceable right to set off the recoanised amounts Ihwe is an intenb.on to sdtte on 8 n basis or lo reali5e asset •K1 seiue Ihe liabilrty simuttar*wly. 8fj$1¢ finan¢ialaMets Bas fin8ntyal #ssets, whtch incIJe debt(¥s and bank InitilY measured at transactn price induding tranwtion costs aThJ are subs8twenly carried at afflortised ¢o$i u$uig thè effective interest method unless the arrangent conslittrtes a financ4ng transaction. where the transaction is measured at th8 present W0 of fvlu receipts discwnted at a markel rate of interest Finanu818s$0ts dassthed as recwvaue vrithin one year are arnartised.
THE GREAT WOOD TRUST NOTES TO THE FINANCIAL STATEhlENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 AauntIng pollcl•s Icontlnu•dl Ba$k Iln•nclalliabllilies Basi¢ finanaal liabil"¢$. indlIa credittys and bank loans arE inityally fec£wised ai transact price unless the arrangement con51stut8s a financgng Iran5athon. ere the debt instrument is measured at the present value of Ihe fLrtur8 paymnts ¢Jis¢ount•J at a market rate of interest. FinaTKial liabilitias dassified as payat48 within one yw ar• Mt anorb'sed. Debt instruments are $SeqlY carried at aYthi98d cost. ustrKJ the eff&#ive interest 18te molhc#J. Trade creditors are 01g.0ns to pay for giods c¥ servKes that have acwirtd in thg ordinary course of ¢¥leratn$ from suppli¢r5. Arn¢nts payable a dassIfd as curreftt Iwbilrtses if payment is due wrthrn one year or less. If not, they are presented as rw)rpomnt lia"11.e5. Trade creditofs are ¢tliSed ini11olly at sa¢XJ'on price arKI s¢Jb$oquwYy mgasLred at •n¢•sed cost using the offKtive intgr8St method. Derecognition olfinanel Il•bllitles Finanaal liabih"b"es are derecogThsed tr contrxtual obligations exFire or arn dis¢har&d or cancelled. 1.10 Employ•e nelIts Th8 Cost of any unLed Mliday erthFrnnt is reCOlISed p8n(xl in wtith the 8mployee'$ servtts are recebved. Termination benefits ao recognised immediatdy a5 expense the ¢h¥ity 15 demonstrably committed to terminate the employment of •fflpbyee or to provk18 termmaticffl tefits. 1.11 R¢tSrement benefrts Paymenls to dèfined corrtn"tKrtv)n rolirwn8nt benefit Schem charged as expense as they fall the. Critical accounting estimatos and judg•m•nts In the applIcatn of the Charity's accrn9 FolKies. the trustees are required tts make I19eMents, estims and assufftpts'ons about the CIng amwnt of assets and liabile$ that are t r8a(lity apparent frNn other sources. The estimates and assoaated assumptr'ons are based on historical expenence and otr faCtS that aro sided to be r8iev8nL A¢tu rosutts may diffwfrom trese ostimates. The estimates and uTrJertng assumptions are on an woing basis. Revisions to accounting ests'mates are recognised in tre periiyj in vthich the esb"m& is rewsed whefe the rewsion affects Mly Ihat perieJ, c in the pericyl of revisKrt ILrt8 WCA1s vknere ts revision affeds both omnt and future penod5. 10-
THE GREAT WOOD TRUST NOTES TO THE FINAPKIAL STATEIENTS (COP1uED) FOR THE YEAR ENDED 31 MARCH 3023 fvn 2022 91.313 116.761 21.r 48.ogu
THE GREAT WOOD TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charltabl• activit•es GKJp ToLql 22 2023 Sales vthin tharitsble aclivities 37.484 753 20.0 34,588 92,825 70,480 For the year ended 31 March 2022 Gioup Totsl 2022 Sales wthin charitst4e a¢ts"Nities 25.19) 13.744 70.4e Investments Unrestrfcted funds Total 2023 2022 Intere receivable 12-
THE GREAT WOOO TRUST NOTES TO THE FINANCIAL STATEIAENTS ICOIrnNiIEDI FOR THE YEAR ENDED 31 fAARCH 2023 20 22 14435 14435 .rth) x.(¥yJ (¥anis. Sav** COVID 19&ants .(0) 20.W) 16.4>5 2QCO) 33.43$ 13.S25 .rth 33.$25 13-
THE GREAT WOOD TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Char4abk a¥•$ Charitable Ch•rltabl• Expnditure Expenditurn 2023 2022 Stsff costs DeprecAtion imparn Utilities tefore rechar9 Estats rnaintenance Pool costs Phone Equipment repafs and ¢Msumat4es Cleaning Estate manag8ment Irtsuran¢e Ministy to schc¥Jls sdry o¥pensg5 Loan interest Trainee Costs Btwsaries 33,104 3S.410 29,112 26.235 3.139 30.9C 36.050 22,929 18.426 1,887 939 5.188 4.715 20.400 5.510. 367 3,962 19,520 5,486 791 3270 245 7,531 179,933 152,980 Share of suprort Costs (see nolg 81 Share ofgovemarte $ts Is8e note 8) 2.224 700 650 182,857 1SS.429 Analysls by fund Unrestricted fu1$ Restricted fuTrds 145,963 36,894 117,207 38,222 182.857 155.429 For th¢ year ¢ndad 31 Mah 2022 UnreStrted frjnds Restricted fiJTrJs 117.207 38.222 155.429 14-
THE GREAT WOOD TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Support ¢osts Support GoNYrnanoe costs eosts Support Go¥eman¢e costs costs 2022 Trustee expenses Ac¢ountancy 614 1.610 614 1,e10 319 319 1.480 Indepeent exInatiOn 700 850 2.224 2,924 2.449 Analysed betsveen Charitable activities 2.224 2.¥24 2.449 Govemance costs indudes payments to Ihe indepwid•nt 81r of£7Cn (2022. £650). Trustees NO of the trustees (ty any pers5 nTrO¢ted thwnl rec¢Ngd any UNgrati¢ or benefits from th ¢hanty dLXWVJ Ihe ye8r awt from those thsdosod bd(y•. Totsl expenses V•tffj rnimbwsay to three {2022 - Trustee duriThJ the year. amryjitng to £61412022 . £319). 10 Employtts The average morrthly numLw of em¢et$ duriNJ the ye¥w•s: 2023 Number 2022 Number Employment costs 2022 Wdges and salaries Other pension costs 29,921 3,183 28.000 2,900 33.104 30,900 There were no emF4Lrye•s those rnuneration mLYe than £f£l.WO. 11 TatIon The tharity 1$ exemFrt fr¢)m tax cffi inc(¥ne and gw'ns falliTrJ wthin 5ediw 9)S of the T¥xes Ad 1988 or section 252 of the TaxationofChggkn GoinsAct 1992 to tr Ihat these are aFf•l to its eh*itable obJ'e¢ts. 15-
THE GREAT WOOD TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 12 Tangltye fix¢d ass•ts Freel Iw¥J Prowty Flthrèts and and j11n98 ITl0¥¢Mel• lIrNI Cost At 1 April 2022 Ad¢thtions 1.328.266 29,438 17,457 27,158 1.384.864 17,457 At 31 March 2023 1.328.268 46.895 27.158 1.402,321 Deprnciatlon and Impaim)ent At 1 April 2022 Deweci"on ¢harg8d in the year 186.461 29.e65 22.688 2.871 12,XJ 2,875 221.439 35,411 At 31 March 2023 216.126 25.S59 15,165 258.850 Carrylng amowrt At 31 2023 1.112.142 21.336 11.993 1.145,471 At 31 2tY22 1.141.807 6,750 14,868 1,163.425 13 Dobtors 2023 2022 AmOts f•lling due within one ye•r. Other debtcys Prepayments and attNed IrMe 18.6(K) 13.462 6,353 10,690 32,C62 17,043 14 Credltors.. amounts falllng du• tAthin orn year 2023 2022 8orfthMngs ljher taxats'on arKI Sal sacunty Payments received on Accruals arKI deferred In0 20,C¢KJ 3.952 39.580 6,414 20.orx) 428 29.759 13.4S1 69,946 63.838 15 Creditor5: *mounts falllng du• aft•r more than on• yur 2023 2022 Slavanka loan 20,C 16-
THE GREAT WOOD TRUST NOTES TO THE FINANCIAL STATEMEPffS IcopmNUEDI FOR THE YEARENDED 31 AIARCH 2Q23 14 R•striGt1dhd9 Kless 117. 117.Lsn 761724 IMIO 16ffi1 117.6SS1 4.(¥JO 750. 16.6 SW(M Trydne¢ Scdwpar 10.( 3.9n 10.C 12, 7e4.849 41cw rAy22J (20.¢W 781717 $2.448 1*,894} 7e4.271
THE GREAT WOOD TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 17 Analysis of net assets btheen fund5 Total Vnrestrlcted Restrlcted 2023 2022 2022 Total 2022 2023 2023 Fund balances at 31 Mar¢h 2023 a reFwented by.. Tangible assets Current assetsllliatilitie$) Long term liabilths 361.200 51.32S 764.271 1.145,471 51.325 394.71 {19,825) (20.CKQ) 768.717 1.163,425 119,8251 120.0001 432.525 764.271 I.1,7 354,883 768.717 1,123,800 18 Relatsd party trnsactlons T1 Great Tru& 15 affilated to uri ISUI {Registered Charty no. 1120240} through Su's Assoaate Twst scheme. SU has cMtrc4 over the charis affairs. trrt offers advice and sUPPOrt for 11$ various ministries. As disdosed in the TA. rewt pnor lo 13th Ajust 2014 Charity m8n8ged the oat Wcth camping srte rm behdf of fonner freehdders. SU undgrth8 temis of a licènca agre8rn9nt. 18-