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2023-02-28-accounts

Page
Reference and Administrative
Details ofthe Trust, its Trustees and Advisers
Trustees'
Report		 2-10
Statement
ofTrustees'
Responsibilities
Independent
Auditor's
Report on the Financial Statements		 12-15
Consolidated
Statement of Financial Activities		 16
Consolidated
Balance Sheet		 17-18
Trust Balance Sheet 19
Consolidated
Statement ofCash Flows		 20
Notes to the Financial Statements 21-47

Trustees 0 C Wicksteed, Chairman Chairman Chairman Chairman
R Hunt (resigned 12 May 2023)
CJ Pykett (resigned 27 January 2023)
N P Vaughan
P A Stamper
M Wigginton
(appointed		 19October 2022)
M Cowland
(appointed		 19October 2022, resigned 21 June 2023)
R Shanley (appointed 27 July 2023)
J Harris (appointed 28 September 2023)
Company registered
number 07394789
Charity registered
number		 1142103
Registered office Wicksteed
Park
Barton Road
Kettering
Northamptonshire
NN15 6NJ
Independent auditor MHA
Century House
1 The Lakes
Northampton
NN4 7HD
Bankers National
Westminster		 Bank Pic
16 High Street
Kettering
Northants
NN16 8SZ
Solicitors Tol!ers Solicitors
Exchange Court
Cottingham
Road
Corby
Northants
NN17 1TY

Unrestricted Restricted Total Total
funds funds funds funds
2023 2023 2023 2022
Note F E F F
Income from:
Donations
and		 grants 16,196 530,945 547,141 1,887,007
Charitable
activities		 1,500 1,500 1,190
Other trading
activities		 4,615,521 4,615,521 3,429,039
Investments 1,526 1,526 41
Other income 36,893 36,893 280,536
Total income 4,671,636 530,945 5,202,581 5,597,813
Expenditure
on:
Raising funds and other activities 9 3,125,528 3,125,528 1,932,089
Charitable
activities		 10 555,369 516,062 1,071,431 1,361,957
Total expenditure 3,680,897 516,062 4,196,959 3,294,046
Net income before net losses on
investments 990,739 14,883 1,005,622 2,303,767
Net losses on investments (15,911) (15,911) (1,359)
Net movement in funds 974,828 14,883 989,711 2,302,408
Reconciliation offunds:
Total funds brought
forward		 6,776,291 23,067 6,799,358 4,496,950
Net movement in funds 974,828 14,883 989,711 2,302,408
Total funds carried forward 7,751,119 37,950 7,789,069 6,799,358

Note 2023f 2023f 2022 2022
Fixed assets
Tangible assets 14 6,066,699 5,344,780
Intangible assets 15 2,956 3,928
Investments 16 780,930 323,202
6,850,585 5,671,910
Current assets
Stocks 17 44,382 33,023
Debtors 18 296,931 320,864
Cash at bank and in hand 25 1,469,392 1,620,370
1,810,705 1,974,257
Creditors: Amounts
year		 falling due within one 19 (688,754) (840,800)
Net current assets 1,121,951 1,133,457
Total assets less current liabilities 7,972,536 6,805,367
Creditors: Amounts
than one year		 falling due after more 20 (183,467) (6,009)
Total net assets 7,789,069 6,799,358
Group funds
Restricted funds 22 37,950 23,067
Unrestricted
funds		 22 7,751,119 6,776,291
Total funds 7,789,069 6,799,358

Note 2023f 2023 2022 2022
F
Fixed assets
Tangible assets 14 4,834,577 4,884,822
Intangible assets 15 2,956 3,928
investments 16 780,932 323,204
Debtors: Amounts falling due after more
than one year 135,000 342,000
5,753,465 5,553,954
Current assets
Debtors due within 1 year 18 651,601 492,093
Cash at bank and in hand 370,839 780,951
1,022,440 1,273,044
Creditors: Amounts falling due within one
year 19 (111,984) (270,415)
Net current assets 910,456 1,002,629
Total net assets 6,663,921 6,556,583
Charity funds
Restricted funds 37,950 23,067
Unrestricted
funds		 6,625,971 6,533,516
Total funds 6,663,921 6,556,583

2023 2022
Note E
Cash flows from operating
activities
Net cash generated
from/(used
in) operating		 activities 24 1,242,435 2,881,178
Cash flows from investing
activities
Proceeds from the sale oftangible fixed assets 240,006
Purchase of intangible
assets		 15 (4,860)
Purchase oftangible fixed assets 14 (998,036) (1,650,599)
Proceeds from sale of investments 16 57,973 52,303
Purchase of investments 16 (531,612) (51,918)
Investment
income		 7 1,526 41
Net cash (used in)/generated
from investing		 activities (1,230,143) (1,655,033)
Cash flows from financing
activities
Repayments
of hire purchase
agreements		 (163,270) (78,117)
Net cash (used in)/generated
from financing		 activities 21 (163,270) (78,117)
Change
in cash and cash equivalents		 in the year (150,978) 1,148,028
Cash and cash equivalents
at the beginning		 of the year 1,620,370 472,342
Cash and cash equivalents
at the end		 of the year 25 1,469,392 1,620,370

Freehold
buildings		 - 25 years
Property
improvements		 - 20 years
Plant and machinery - 10years
Fixtures and fittings - 10years
Motor vehicles - 5years
Office equipment - 5years
Computer
equipment		 - 5years

Unrestricted Restricted Total
funds funds funds
2023f 2023 2023
F
Donations 12,536 12,536
Grants 3,660 530,945 534,605
16,196 530,945 547„141
Unrestricted Restricted Total
funds funds funds
2022 2022 2022
F
Donations 5,305 5,305
Grants 488,914 1,392,788 1,881,702
494,219 1,392,788 1,887,007

Unrestricted Total Total
funds funds funds
2023f 2023
F.		 2022
Garden, arboretum and parkland at Wicksteed Park 1,500 1,500 1,190

Unrestricted Total Total
funds funds funds
2023 2023 2022
F E F
Rent and concessions receivable 37 37 422
Lodge sales commission 89,521
Leisure park income 4,615,484 4,615,484 3,339,096
4,615,521 4,615,521 3,429,039

Unrestricted Total Total
funds funds funds
2023 2023 2022
F F F
Bank interest receivable 1,526 1,526 41

Unrestricted Total Total
funds funds funds
2023 2023f 2022
Business
Interruption		 Insurance Claim 250,000
Sundry 36,893 36,893 30,536
36,893 36,893 280,536
In 2022, all other income was to unrestricted funds.
Expenditure on raising funds and other activities
2023f 2022f
Trading
activities
Direct costs
Leisure park expenditure 1,318,184 1,211,930
Staff costs 1,745,636 673,880
Depreciation 61,073 45,730
3,124,893 1,931,540
Other fundraising activities
Direct costs
Bank and investment management charges 635
3„125,528 1,932,089

Activities
undertaken Total Total
directly funds funds
2023 2023 2022
F
Garden,
arboretum		 and parkland at Wicksteed Park 1,071,431 1,071,431 1,361,957
Analysis ofdirect costs
Total Total
funds funds
2023 2022
f.
Staff costs 269,283 740,442
Depreciation and amortisation 216,017 126,463
Trustee expenses 889 2,815
Maintenance and repairs 328,197 190,799
Utilities 17,767 23,180
Governance costs 13,750 17,127
Professional fees 47„494 59,961
Sundry expenses 6,384 3,675
Advertising
and publicity		 80
Insurance 167,735 106,464
Other park costs 243,921 54,093
Profit/(Loss) on disposal of tangible fixed assets (240,006) 36,858
1,071,431 1,361,957
11. Auditor's
remuneration
2023 2022
E
Fees payable to the Group's auditor for the audit ofthe Group's annual
accounts 24,250 23,000
Fees payable to the Group's auditor in respect of:
All non-audit services not included above 2,520 4,577

Staff costs
Group Group Trust Trust
2023 2022 2023 2022
Wages and salaries 1,854,877 1,308,695 66,802 57,829
Social security costs 135,878 89,399
Pension contributions 24,164 16,228
2,014,919 1,414,322 66,802 57,829
Group Group Trust Trust
2023 2022 2023 2022
No. No. No. No.
Management 15 15
Administration 6 4
Other 121 82
142 101

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2023 2022
F
Tangible fixed assets owned 5,621,712 5,227,502
Assets under hire purchase agreements 444,987 140,611
6,066,699 5,368,113

2023 2022
E F
Plant and equipment 444,987 140,611
Depreciation charge for the year
2023 2022
Plant and equipment 15,623 15,623
15,623 15,623
Additions
2023 2022
Additions to assets held under hire purchase agreements 308,000

Website
development
E
Cost
At 1 March 2022 4,860
At 28 February 2023 4,860
Amortisation
At 1 March 2022 932
Charge for the year 972
At 28 February 2023 1,904
Net book value
At 28 February 2023 2,956
At 28 February 2022 3,928
Listed
investments
Group E
Cost or valuation
At 1 March 2022 323,202
Additions 531,612
Disposals at carrying value (57,973)
Revaluations (15,911)
At 28 February 2023 780,930

Investment in
subsidiary Listed
companies investments Total
Trust F F F
Cost or valuation
At 1 March 2022 323,202 323,204
Additions
at cost		 531„612 531,612
Disposals at carrying value (57,973) (57,973)
Revaluations (15,911) (15,911)
At 28 February 2023 2 780,930 780,932
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Group Group
2023 2022
E
Goods for resale 44,382 33,023
The Trust held no stock at the Balance Sheet date (2022 - ANIL).

Group Group Trust Trust
2023 2022 2023 2022
Due after more than one year
Amounts owed by group undertakings 135,000 342,000
135,000 342,000
Due within one year
Trade debtors 123,696 75,550 25,949 340
Amounts owed by group undertakings 606,180 154,969
Other debtors 34,979 160,865 7,207 308,684
Prepayments and accrued income 138,256 84,449 12,265 28,100
296,931 320,864 786,601 834,093

Group Group Trust Trust
2023 2022 2023 2022
E E E
Trade creditors 108,868 184,714 7,294 69,456
Other taxation and social security 76,716 153,866 14,993 88
Obligations
under		 hire purchase agreements 57,920 72,108
Other creditors 16,242 176,065 169,001
Accruals and deferred income 429,008 254,047 89,697 31,870
688,754 840,800 111,984 270,415
Group Group Trust Trust
2023 2022 2023 2022
F
Deferred income
Deferred income at 1 March 148,976 61,751 14,120 8,660
Resources deferred during the year 280,751 148,976 14,120
Amounts
released		 from previous periods (148,976) (61,751) (14,120) (8,660)
Deferred income at 28 February 280,751 148,976 14,120

Group Group
2023 2022
E
Obligations under hire purchase agreements 183,467 6,009
The Trust has no long term creditors (2022 -ANIL).

2023 2022
No later than one year 57,920 72,108
Betweeen one year and five years 183,467 6,009
241,387 78,117
2023 2022
F
Hire purchase lease payable 15,888 8,268
15,888 8,268

Balance at
Balance at 1 Gains/ 28 February
March 2022f Income Expenditure
E		 (Losses)
F		 2023
E
Unrestricted funds
Accumulated Trust Fund 6,664,649 4,671,636 (3,680,897) 7,655,388
Revaluation Reserve 111,642 (15,911) 95,731
6,776,291 4,671,636 (3,680,897) (15,911) 7,751,119
Restricted funds
Heritage
Fund		 13,947 5,979 (1,310) 18,616
@Play Fund 9,120 95,093 (86,754) 17,459
Slade Brook Realignment 91,873 (89,998) 1,875
NNC Recovery and Innovation
Grant 338,000 (338,000)
23,067 530,945 (516,062) 37,950
Total offunds 6,799,358 5,202,581 (4,196,959) (15,911) 7,789,069

Statement of funds - prior yea r
Balance at Balance at
1 March Gains/ 28 February
2021 Income Expenditure (Losses) 2022
F E E
Unrestricted funds
Accumulated Trust Fund 4,372,412 4,205,025 (1,912,788) 6,664,649
Revaluation Reserve 113,001 (1,359) 111,642
4,485,413 4,205,025 (1,912,788) (1,359) 6,776,291
Restricted funds
Heritage
Fund		 11,537 2,410 13,947
@Play Fund 1,390,378 (1,381,258) 9,120
Slade Brook Realignment
NNC Recovery and Innovation
Grant
11,537 1,392,788 (1,381,258) 23,067
Total offunds 4,496,950 5,597,813 (3,294,046) (1,359) 6,799,358

Analysis of net assets between funds - current year
Unrestricted Restricted Total
funds funds funds
2023
E		 2023f 2023
E
Tangible fixed assets 6,066,699 6,066,699
Intangible fixed assets 2,956 2,956
Fixed asset investments 780,930 780,930
Current assets 1,772,755 37,950 1,810,705
Creditors due within one year (688,754) (688,754)
Creditors due in more than one year (183,467) (183,467)
Total 7,751,119 37,950 7,789,069
Analysis ofnet assets between funds - prior year
Unrestricted Restricted Total
funds funds funds
2022 2022 2022
E E
Tangible fixed assets 5,344,780 5,344,780
Intangible fixed assets 3,928 3,928
Fixed asset investments 323,202 323,202
Current assets 1,951,190 23,067 1,974,257
Creditors due within one year (840,800) (840,800)
Creditors due in more than one year (6,009) (6,009)
Ttl 6,776,291 23,067 6,799,358

Group Group
2023 2022
Net income for the year (as per Statement of Financial Activities) 989,711 2,302,408
Adjustments
for:
Depreciation
charges		 276,117 171,261
Amortisation
charges		 972 932
Net loss/(gain)
on investments		 15,911 1,359
Investment
income		 (1,526) (41)
Loss on disposal oftangible fixed assets (240,006) 36,858
Increase
in stocks		 (11,359) (33,023)
Decrease
/ (Increase)		 in debtors 23,933 (73,603)
Increase
in creditors		 188,682 475,027
Net cash generated from/(used in) operating activities 1,242,435 2,881,178
Group Group
2023 2022
E
Cash at bank 1,469,392 1,620,370
26. Analysis ofchanges in net debt
At 28
At 1 March February
2022 Cash flows 2023
E
Cash at bank and in hand 1,620,370 (150,978) 1,469,392
Hire purchase (78,117) (163,270) (241,387)
1,542,253 (314,248) 1,228,005