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2021-03-31-accounts

Contents Pages
Trustees and Advisors
Trustees Report 2-11
Independent
Auditor's		 Report 12-15
Statement of Financial Activities
Balance Sheet
Cash Flow Statement 18
Notes to the Financial Statements 19-31

TRUSTEES (in the year and sits to TRUSTEES (in the year and sits to Lord Curry of Kirkharle Lord Curry of Kirkharle Lord Curry of Kirkharle Lord Curry of Kirkharle CBE
date ol signing) Sara Bennison
Edwin Booth CBE, DL
Elizabeth Buchanan CVO
Rob Collins
Mark Duddridge
Lord Jamie Lindsay
Steven McLean
Allan
Wilkinson
David Fursdon
Meurig Raymond CBE,MBE
Janet McCollurn CBE
Baroness Kate Rock (appointed 24» March 2021)
Heather Hancock LYO, DL (appointed 24"March 2021)
Steven Murrells (appointed 13i lvlay 2021)
COMPANY SECRETARY Yvonne Abba-Opoku ACG
COMPANY NUMBER 07240359
CHARITY REGISTRATION 1136077
SC048055
REGISTERED OFFICE 105Victoria Street
London SW1E 6QT
AUDITOR Saffery Champness LLP
71 Queen Victoria Street
London
EC4V 4BE
BANKER Barclays Bank Pic
I Churchill
Place
London E1451-IP
Coutts &Co
440Strand
Villiers Office
WC2R OQS
SOLICITOR Farrer 3,Co LLP
66 Lincoln's
Inn Fields
London
WC2A 3LH

General Designated Restricted Total 'fotal
Fund Fund Fund 2021 2020
E E 5 E
Note
Income from:
Donations 528,271 200.000 728,271 703,841
Grant Funding
Investment
Income		 45,500 420,000 465,500 324,609
6,386
Commercial
Trading		 381,776 381,776 476,397
Activities
Total incoming resources 955,547 620,000 1,575,547 1,511,233
Resources Expended:
Charitable
activities		 3 (494,035) (701,281) (1,195,316) (1,508,408)
Expenditure
an		 raising funds 47,206 (47,206) 64,183
Total Expenditure 541,241 70I,281 1,242,522) 1,572,591
Net income/(expenditure)
for the year		 414,306 (81,28 I ) 333,025 (61,358)
Transfers between
funds		 12 (105,278) 100 'l05,178
Net movement in funds 309.028 100 23,897 333,025 61,358)
Fund balances brought
forward 791,655 49,900 318,475 1,160,030 1,221,388
Fund balances
forward		 carried 1,100,683 50,000 342,372 1,493,055 'I, I60,030

Notes 2021 2020
INVESTIIIIENT (in Subsidiary)
CURRENT ASSETS
Debtors: Amounts falling due 8 743,394 944,512
within one year
Cash at Bank and in Hand 1,397,245 1,180,383
2,140,639 2,124,895
CREDITORS: amounts falling due 9 647,585 861,822
within one year
NET CURRENT ASSETS
1,493,054 1,263,073
CREDITORS: amounts falling 10 103,044
outside ofone year
NET ASSETS 1 493,055 I, I60,030
Represented
By;
Unrestricted
Funds		 12 1,100,683 791,655
Designated
Funds		 12 50,000 49,900
Restricted
Funds		 12 342,372 318,475
Total 1,493,055 1,160,030

Note Year ended Year ended
2021 2020
E
Cash flows from operating activities:
Nef cash provided
by (used in) operating		 activities 216,862 (632,794)
Cash flows from investing activities:
Interest 6,386
Net cash provided
by fused in) investing		 activities 6,386
Change
in cash and cash		 equivalents in the period 216,862 (626,408)
Cash and cash equivalents at the beginning ofthe 1,180,383 1,806,791
period
Cash and cash equivalents		 at the end of the pediod 17 1,397,245 I, I80,383
(Note 17)
Reconciliation
of net incoming resources to		 net cash (outflow)/inflow from operating
activities
Year Ended Year Ended
2021 2020
Ftel income/(expenditure): 8
—UnrestRcfed
funds		 309,028 (18,485)
—Designated
funds		 100 37,547
-Restricted funds 23,897 (80A21 )
Net income/(expenditure) for the period as per the 333,025 (61,359)
SOFA
Adjustments
for:
Interest received (6,386)
Decrease/(Increase)
in Debtors		 201,118 (201,084)
(Decrease)/Increase
in Creditors
less than		 one year (214,237) (237,028)
(Decrease)/Increase
in Creditors greater than one year		 (103,044) (I 26,937)
Net cash provided
by/ (used in) operating		 activities 2I6,862 (632,794)

A total ofEI, A total ofEI, !52was paid to Trustees a s expenses during the finan cial year. {2020:Nil)
ANALYSIS OF CHARITABLE EXPENDITURE
Activities Grant Grants Support Total Total
undertaken funding Written Off/ Costs 2021 2020
directly (E) of Reimbursed (5) (5) (F.)
activities (5)
(5)
Unrestricfed Fund
Core Programme 255,140 44,576 {28,I 17) 222,436 494,035 716,675
Restricted Fund
FRP 106,501 92,031 198,532 410,030
Rural 4 6,471 258,906 35, I86 300,563 276,523
PCF8 CFT Transfer I l,941 11,941 5,042
Emergency Fund 72,364 72,364 20,000
Jordan's
Bursary		 18,000 18,000 I 6,310
National
Lottery		 10,500 10,500 5,000
Community Fund
Barclays Grants 89,381 89,381 37.646
Designated Fund
Emergency Fund 21,182
Total Charitable 408,553 465,227 {28,117) 349,653 1,195,316 1,508,408
Activities

2021 2020
Salaries and wages 298,062 228,988
Social secu8ty 30,064 23,029
Pension and healthcare 18,638 15,102
Total SfaH Costs 346,764 267,119
ind but nof employer
pension contributions),
fe		 lt within the following
bands:
Total 2021 Total 2020
R60,000- 869,000 1 1
K70,000-279,999
880,0004289,999
890,000-899,999
X 100,000-F.109,999
X120,000-K129,999
R130,000-R 139,999

Unrestricted
Mull and Iona Community
Trust		 9,000
The Arches (Rhayader
8, District Community		 Support) 8,830
TRIP Community
Transport
Association		 8,000
Godolphin
Cross Community
Association		 7,500
RISCA CV19Volunteers 5,910
Citizens Advice Iviid-North
Yorkshire		 5,000
Eastrington
Village
Hall Association		 336
44,576
Restricted
The Ennerdale
Hub		 10,000
The Farming
Life Centre		 10,000
Dartmoor National
Park Authority		 10,000
The Moo'rlands
Community
Charity		 10,000
Medboume
Village
I-lail		 10,000
Rural Coffee Caravan I0,000
Palnackie
Village Shop Ltd		 9,922
Pasture-Fed
Livestock Association		 9,788
Propogate
(Scotlandj CIC		 9,660
Tonic Health 9,580
Cosmic 9,400
Upper Teesdaie Agricultural
Support Services		 Ltd 9,!25
Pilling Memoiial
I-lail		 8,700
Shropshire
Rural Communities
Chadity		 8,142
Dunadd
Community
Enterprise		 8,061
CETMA 8,020
Rural Housing
Association		 8,000
Isle of Bute Resilience Team 8,000
Kirkmichael
Village Renaissance		 8,000
St Dominick
Community
Shop Ltd		 7,972
Wheatley
Hill Community
Association		 (WHCAj 7,960
The Garve 8,District Development Company 7,790
Warwickshire
Rural Hub		 6,890
Farming
Community
Network		 6,111
Mawkesbury
Community
Shop Ltd		 6,000
Dry Doddington
Village
Mall Charitable		 Trust 5,500
Countrymen
Uk		 5,000
Wadebridge
Foodbank and Storehouse		 5,000
The Estuary League of Friends 5,000
Cheshire
Agricultural
Chaplaincy		 5,000
Tir Dewi (David's Land) 5,000
Farm Cornwaii
Charity		 5,000
The Farmer
Network		 5,000
Heart of Gissing CIO 4,525
Exrnoor
Hill Farming
Project CIC		 4,500
Lincolnshire
Rural Support Netwok		 4,250
Wester Ross Radio Ltd 3,975
The Farming
life Centre		 3,750
Orkney Sheep Foundation 3,500
Herefordshire
Rural Hub		 3439
Sutton on Sea Residenfs Association 3,33!
67Smaller grants below P3k 131,760
420,650

6. THE RESULTS ARE STATED AFTER CHARGING THE RESULTS ARE STATED AFTER CHARGING THE RESULTS ARE STATED AFTER CHARGING THE RESULTS ARE STATED AFTER CHARGING
2021 2020
E 8
Auditor's
remuneration		 7,899 8,137
The amounts above exclude VAT.
7. FIXED ASSET INVESTSIIEHTS
2021 2020
E
Investment
in subsidiary
The investments in subsidiary
companies		 are stated at cost of investment.
Subsidiary Company Registered Class of Percentage
Number Office Shares of holding
Countryside 105Victoria
Fund Trading 07274582 Street, London, Ordinary 100'7o
gmited SWI8 6QT
8. DEBTORS'.
2021 2020
Due from subsidiary undertaking 381,776 476,397
Accrued Income 353,272 462,691
Prepayments 5,617 5,424
Other Debtors 2.729
743,394 944,5'12
9. CREDITORS: amounts falling due within one year
2021 2020
Trade Creditors 1,273
Amounts
due lo grant		 recipients 596,357 512,975
Accrued Costs 49,955 348,847
647,585 861,822

CREDITORS : amoun ts
falling due out		 side
of one year -
In I to		 2years
2021 2020
8 R
Amounts due to grant recipients 103,044
INovements in the year on Amounts due to grant recipients
Opening Balance
1 April 2020		 616,019
Grants awarded in the period 465,227
Payments made in the pediod (546,073)
Grants written
off in the period		 f28,117)
Closing Balance 31 INarch 2021 507,056

2.
FUNDS		 2.
FUNDS		 2.
FUNDS
Funds comprised of eight restricted funds and one designated fund:
Balance ot Income Costs Grants Transfer Balance af
1 April (5) awarded (5) 3'I March
2020 2021
(E) (5)
Unrestricted Funds 791,655 955,547 524,782 16,459 105,278 1,100,683
Unrestricted Funds 791,655 955,547 (524,782) (16,459) (105,278) 1,100,683
Emergency Fund 49,900 100 50,000
(Designated)
Designated 49,90D 100 50,000
Emergency Fund 100 70,000 (72,364) 2,264
PCF8 CFTTrf 11,941 (11,941)
FRP 85,000 ( I98,533) 113,533
Rural -4 297,743 275,000 (41,656) (258,906) 272,181
Jordans
Bvrsary		 8,691 25,000 ( I8000) 15,691
NLCF 25,000 (10,500) 14,500
Rural Grants
Rural Grants		 (Barclays)
(NFU)		 100,000
40,000		 (89,381) (10,619) 40,000
Restricted
Funds		 318,475 $20,000 (280,630] (420,651) 105,178 342,372
Total 1,160,030 1,575,547 805,412 437,11D 1,493,055
Emergency
Fund - established
as a
hardships
from the severe flooding		 result of an emergency
appeal to help the farmers'
facing
seen in recent years. The Board ol trustees have previously
agreed
that 550k remains in this fund ot all times.

(2021) Unrestdicted Designated Restricted TotalFunds
Funds Funds Funds
F. E E
Investment I 'I
Net current 1,100,682 50,000 342,372 1,493,054
assets
Liabilities ) I
year
Total Funds 1,100,683 50,000 342,372 1,493,055
(2020) Unrestricted Designated Restricted Total
Funds Funds Funds Funds
E
Investment I 1
Net current 867,562 49,900 344,223 1,262,685
assets
Liabilities ) I (77,295) (25,749) (I03,044)
year
TotalFunds 790,268 49,900 318,474 1,158,642

commercial
part		 icipation
agreement		 s
with Countrysi		 de
Fund Tradi		 ng
Limiteci.
TRUSTEE COMPANY AMOUNT AMOUNTS AMOUNT Af910UNTS
CONNECTION 2021(E) OWING 2020 (E) OWING
A.TYEAR AT YEAR
END 2021 END 2020
Edwin Booth B I.l Booth &.Co 30,670 670
Steven lvtcLeen IVlarks &. 25,000 25,000
S eneer

At start of year Cash flows At Year end
8
Cash and Cash equivalents
Cash 1,180,383 216,862 l,397,245
1,180,383 216.862 1,397,245
Sorrowings
Total 1.180,383 216,862 1,397,245

Notes Unrestricted
Funds		 Designated
Fund		 Restricted
Funds		 Total 2020
E
fncoming
Resources
Donations I 602,641 10(,200 703,841
Grant Funding 9,359 315,250 324,609
investment
Income		 6,386 6,386
Commercial
Trading
Operations		 476,397 476,397
Total Income 1 094 783 416450 1 511233
Resources Expended
Charitable
Activities		 384 (716,675) (21.182) (770,551) (1,508,408(
Fundraising
Costs		 (64,183) (64,183)
Total Expenditure ~780 858 21 182 770 551 ~1572591
Net Income/
(Expenditure)
the Period		 for 313,925 58,729 (354,101) (61,358)
(332,409 I 37,547 273,680
Gross transfers between funds
Balance brought
forward		 I April BIG I39 12353 398896 1 221 388
Balance carried forward 31 March 791 655 49 900 318475 ~1160030

Balance at Income Costs Grants Transfer Balance at
1April (E) (5) awarded (8) 31March
2019 2020
Unrestdicted Funds (8)
810,140		 1,094,782 541,690 239,167 332,409 (&)
791,655
Unrestricted Funds 810,140 1,094,782 (541,690) (239,167) (332,409) 791.655
Emergency
Fund
(Designated)		 12,353 (21,182) 58,'729 49,900
Designated 12,353 (2h182) 58,729 49,900
Emergency Fund 37,647 l00 (37,647) 100
PCF B.CFTTrf 16,983 (5,042) 11,941
FRP 136.350 (410,030) 273,680
Rural 4 324,266 250,000 (56,161j (220,362) 297,743
Mull Abattoir 5,000 (5,000)
Jordans
Bursary		 25,000 (16,309) 8,691
Village Survival
Restricted
Funds		 20,000
398,896		 416,450 20,000
(507,542)		 (263.009) 273,680 318,475
Total 1,221,388 1,511,232 1,049,232 523,358 1,160,030

Activities Grant Grants Grants Support Total
undertaken funding
of		 Written Off/ Costs 2020
directly activities Reimbursed
Unrestricted
Fund
Core Programme 302,132 283,386 (44,219) 175,376 716,675
Restricted
Fund
Farm Resilience
Programme		 354,580 55,450 410,030
Rural 4 Progra mme 20,738 220,362 35,423 276,523
PCF 8, CFTTransfer
Fund		 5,042 5,042
Village Surviva
I Guide		 20,000 20,000
Jordan's
Bursary		 16,310 16,310
Ivlull Abattoir 5,000 5,000
Emergency
Fund		 37,446 37,646
Designated
Fund
Emergency
Fund		 2'I,182 21,182
Total Charitable
Activities		 723,802 562,576 (44,219) 266,249 1,508,408