| Trustees | Mr J S R Elliott | Mr J S R Elliott | |||
|---|---|---|---|---|---|
| Dr S D Ward | |||||
| Mr E Hewetson | |||||
| Mrs C Berry | |||||
| Dr P Welsh | |||||
| Mrs H Loxam | |||||
| Mr D Swalwell | |||||
| Mr G Broome | (Appointed | 22 July 2021) | |||
| Charity number | 1141021 | ||||
| Company | number | 07444213 | |||
| Registered | office | The Estate Office | |||
| Low Ploughlands | |||||
| Little Musgrave | |||||
| Kirkby Stephen | |||||
| Cumbria | |||||
| CA17 4PQ | |||||
| Auditor | Xeinadin Audit |
Limited | |||
| 1 City Road East | |||||
| Manchester | |||||
| M15 4PN | |||||
| Bankers | Barclays Bank | Pic | |||
| 31 High Row | |||||
| Darlington | |||||
| County Durham |
|||||
| DL3 7QS | |||||
| Solicitors | Kilvington Solicitors |
||||
| Westmorland | House | ||||
| Market Square | |||||
| Kirkby Stephen | |||||
| Cumbria | |||||
| CA17 4QT |
| Page | ||
|---|---|---|
| Trustees' report |
1-5 | |
| Statement oftrustees' | responsibilities | |
| Independent auditor's |
report | 7-10 |
| Statement offinancial | activities | |
| Balance sheet | 12 | |
| Notes to the financial | statements | 13-23 |
| Unrestricted | Restricted | Total Unrestricted | Total Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||
| 2022 | 2022 | 2021 | 2021 | 2021 | |||||
| Notes | f | f | f | f | f | ||||
| Income and endowments | from: | ||||||||
| Donations and legacies |
50 | 50 | |||||||
| Charitable activities |
51,886 | 51,886 | 49,977 | 49,977 | |||||
| Investments | 113,982 | 113,982 | 111,339 | 111,339 | |||||
| Other income | 6,090 | 6,090 | |||||||
| Total income | 172,008 | 172,008 | 161,316 | 161,316 | |||||
| ' | |||||||||
| e eon |
|||||||||
| Raising funds | 55,100 | 55,100 | 60,554 | 60,554 | |||||
| Charitable activities |
8 | 106,132 | 241 | 106,373 | 107,487 | 369 | 107,856 | ||
| Total expenditure | 161,232 | 241 | 161,473 | 168,041 | 369 | 168,410 | |||
| Net gains/(losses) | on | ||||||||
| investments | (33,101) | (33,101) | 678,004 | 678,004 | |||||
| Net movement | in | funds | (22,325) | (241) | (22,566) | 671,279 | (369) | 670,910 | |
| Fund balances at 1 April 2021 | 5,327,042 | 4,505 | 5,331,547 | 4,655,763 | 4,874 | 4,660,637 | |||
| Fund balances | at | 31 March | |||||||
| 2022 | 5,304,717 | 4,264 | 5,308,981 | 5,327,042 | 4,505 | 5,331,547 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | F | |||||||
| Fixed assets | ||||||||
| Tangible assets | 12 | 1,790,451 | 1,782,427 | |||||
| Investment | properties | 13 | 2,770,371 | 2,715,000 | ||||
| Investments | 14 | 857,228 | 971,830 | |||||
| 5,418,050 | 5,469,257 | |||||||
| Current assets | ||||||||
| Debtors | 15 | 19,320 | 19,091 | |||||
| Cash at bank and | in | hand | 191,475 | 124,015 | ||||
| 210,795 | 143,106 | |||||||
| Creditors: | amounts | falling due within | ||||||
| one year | 16 | (76,774) | (26,073) | |||||
| Net current | assets | 134,021 | 117,033 | |||||
| Total assets less | current liabilities | 5,552,071 | 5,586,290 | |||||
| Creditors: | amounts | falling due after | ||||||
| more than | one year | 17 | (243,090) | (254,743) | ||||
| Net assets | 5,308,981 | 5,331,547 | ||||||
| Income funds | ||||||||
| Restricted | funds | 20 | 4,264 | 4,505 | ||||
| Unrestricted | funds | 5,304,717 | 5,327,042 | |||||
| 5,308,981 | 5,331,547 |
| Unrestricted | Total | ||||
|---|---|---|---|---|---|
| funds | |||||
| 2022 | 2021 | ||||
| E | f. | ||||
| Donations | and gifts | 50 | |||
| 4 | Charitable | activities | |||
| 2022 | 2021 | ||||
| f | f. | ||||
| Rental income | 35,749 | 32,161 | |||
| Government | subsidies | and other income | 16,137 | 17,816 | |
| 51,886 | 49,977 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| E | E | ||
| Rental | income | 104,948 | 90,660 |
| Income | from listed investments | 9,028 | 20,655 |
| Interest | receivable | 6 | 24 |
| 113,982 | 111,339 |
| Unrestricted | Total | |||
|---|---|---|---|---|
| funds | ||||
| 2022 | 2021 | |||
| E | E | |||
| Net gain on disposal oftangible | fixed assets | 6,090 | ||
| 7 | Raising funds |
| Unrestricted | Unrestricted | |||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2022 | 2021 | |||||
| E | E | |||||
| Investment | ro ert | ex enditure | ||||
| Investment | property | running | costs | 27,747 | 21,208 | |
| Investment | property | repairs | 23,150 | 35,261 | ||
| Investment | property | expenditure | 50,897 | 56,469 | ||
| Investment | mana | ement costs | 4,203 | 4,085 | ||
| 55,100 | 60,554 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| f | F | |||||
| Staff costs | 24,928 | 25,428 | ||||
| Depreciation | and impairment | 9,647 | 7,375 | |||
| Haybridge Moss and |
Hulleter | Moss project costs | 85 | |||
| Repair, maintenance | and conservation | costs | 17,106 | 22,479 | ||
| Operational | costs | 7,038 | 9,134 | |||
| Support costs | 35,490 | 37,061 | ||||
| Irrecoverable | VAT | 12,164 | 6,294 | |||
| 106,373 | 107,856 | |||||
| 106,373 | 107,856 | |||||
| Analysis by |
fund | |||||
| Unrestricted | funds | 106,132 | 107,487 | |||
| Restricted funds | 241 | 369 | ||||
| 106,373 | 107,856 |
| The average | monthly number ofemployees during th |
e year was: | |
|---|---|---|---|
| 2022 | 2021 | ||
| Number | Number | ||
| Warden | |||
| Employment | costs | 2022 | 2021 |
| K | |||
| Wages and salaries | 22,928 | 22,928 | |
| Other pension costs | 2,000 | 2,500 | |
| 24,928 | 25,428 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2022 | 2021 | ||||
| E | |||||
| Revaluation | of | investments | (329,842) | 141,563 | |
| Gain/(loss) | on | sale of investments | 296,741 | (10,079) | |
| Revaluation | of | investment | properties | 546,520 | |
| (33,101) | 678,004 |
| 12 | Tangible | fixed assets | fixed assets | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Freehold | land | Plant and Ilotor vehicles | Total | ||||||
| 8 buildings | equipment | ||||||||
| f | |||||||||
| Cost | |||||||||
| At 1 April | 2021 | 1,749,448 | 57,658 | 23,520 | 1,830,626 | ||||
| Additions | 7,086 | 20,495 | 27,581 | ||||||
| Disposais | (23,490) | (23,490) | |||||||
| At 31 March | 2022 | 1,749,448 | 64,744 | 20,525 | 1,834,717 | ||||
| Depreciation | and impairment | ||||||||
| At 1 April | 2021 | 34,589 | 13,610 | 48,199 | |||||
| Depreciation | charged | in the year | 4,523 | 5,124 | 9,647 | ||||
| Eliminated | in | respect ofdisposals | (13,580) | (13,580) | |||||
| At 31 March | 2022 | 39,112 | 5,154 | 44,266 | |||||
| Carrying | amount | ||||||||
| At 31 March | 2022 | 1,749,448 | 25,632 | 15,371 | 1,790,451 | ||||
| At 31 March | 2021 | 1,749,448 | 23,069 | 9,910 | 1,782,427 |
| 2022 | ||||
|---|---|---|---|---|
| Fair value | ||||
| At 1 April | 2021 | 2,715,000 | ||
| Additions | through | external | acquisition | 55,371 |
| At 31 March 2022 | 2,770,371 |
| Fixed as | set investments | |||
|---|---|---|---|---|
| Listed | Investment | Total | ||
| investments | cash | |||
| f | F | |||
| Cost or valuation | ||||
| At 1 April | 2021 | 897,332 | 74,498 | 971,830 |
| Additions | 929,131 | 929,131 | ||
| Valuation | changes | (329,842) | (329,842) | |
| Disposals | (645,085) | (68,806) | (713,891) | |
| At 31 March 2022 | 851,536 | 5,692 | 857,228 | |
| Carrying | amount | |||
| At 31 March 2022 | 851,536 | 5,692 | 857,228 | |
| At 31 March 2021 | 897,332 | 74,498 | 971,830 |
| 15 | Debtors | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Amounts falling due |
within one year: | |||||
| Other debtors | 10,680 | 12,549 | ||||
| Prepayments | and accrued income | 8,640 | 6,542 | |||
| 19,320 | 19,091 | |||||
| 16 | Creditors: amounts | falling due within one year | ||||
| 2022 | 2021 | |||||
| Notes | E | |||||
| Bank loans | 18 | 4,800 | 1,800 | |||
| Obligations under finance leases |
19 | 570 | ||||
| Other taxation | and social security | 2,345 | 172 | |||
| Trade creditors | 14,837 | 5,902 | ||||
| Other creditors | 5,489 | 5,489 | ||||
| Accruals and deferred | income | 49,303 | 12,140 | |||
| 76,774 | 26,073 |
| Creditors: | amounts falling due after more than |
one year | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Notes | F | |||
| Bank loans | 18 | 243,090 | 246,690 | |
| Obligations | under finance leases | 19 | 8,053 | |
| 243,090 | 254,743 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| f | ||||
| Bank loans | 247,890 | 248,490 | ||
| Payable | within one year | 4,800 | 1,800 | |
| Payable | after one year | 243,090 | 246,690 | |
| Amounts | included | above which fall due after five years: | ||
| Payable | by instalments | 5,400 | ||
| Payable | other than | by instalments | 212,490 | 212,490 |
| 212,490 | 217,890 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| F | f. | |||||
| Within | one | year | 570 | |||
| Within | two | and | five | years | 8,053 | |
| 8,623 |
| Balance at | Resources | Balance at | Resources | Balance at | ||||
|---|---|---|---|---|---|---|---|---|
| 1 April 2020 F |
expended f. |
1 April 2021 E |
expended f |
31 | March 2022 f |
|||
| Natural | England - Higher Level | |||||||
| Stewardship | Scheme | 1,942 | (284) | 1,658 | (241) | 1,417 | ||
| Peakes | Pond | Haybridge | 2,932 | (85) | 2,847 | 2,847 | ||
| 4,874 | (369) | 4,505 | (241) | 4,264 |
| Analysis ofnet assets | between funds |
|||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
| funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |
| F | F | F | F | F | F | |
| Fund balances at 31 | ||||||
| March 2022 are | ||||||
| represented by: |
||||||
| Tangible assets | 1,789,084 | 1,367 | 1,790,451 | 1,780,769 | 1,658 | 1,782,427 |
| investment properties |
2,770,371 | 2,770,371 | 2,715,000 | 2,715,000 | ||
| Investments | 857,228 | 857,228 | 971,830 | 971,830 | ||
| Current assets/(liabilities) | 131,124 | 2,897 | 134,021 | 114,186 | 2,847 | 117,033 |
| Long term liabilities | (243,090) | (243,090) | (254,743) | (254,743) | ||
| 5,304,717 | 4,264 | 5,308,981 | 5,327,042 | 4,505 | 5,331,547 |