##
|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||||||||
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||||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)|
##
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##
##
|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|