2023-08-31-accounts - Wildgoose Rural Training

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REGISTERED COMPANY NUMBER: 07390338 (England and Wales) REGISTERED CHARITY NUMBER: 1142201

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR WILDGOOSE RURAL TRAINING

E R Grove & Co Limited Grove House Coombs Wood Court Steel Park Road Halesowen West Midlands B62 8BF

WILDGOOSE RURAL TRAINING

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

		Page
Report of the Trustees	1	to	3
Independent Examiner's Report		4
Statement of Financial Activities		5
Balance Sheet		6
Cash Flow Statement		7
Notes to the Cash Flow Statement		8
Notes to the Financial Statements	9	to	15
Detailed Statement of Financial Activities	16	to	17

WILDGOOSE RURAL TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects are principally for the benefit of the community, they are:

To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances within the object of improving their conditions of life.
To advance the education of the beneficiaries, in particular through the provision of training and experience in agriculture, horticulture and other related skills.
To develop the capacity and skills of the members of the community in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society.
To advance the education of the public in the conservation, protection and improvement of the physical and natural environment.
To promote the conservation, protection and improvement of the physical and natural environment and access to open space and such other charitable purposes as determined by the Board from time to time.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

Significant activities

This year has seen significant growth and the continued success of Wildgoose Rural Training (WRT). Student numbers continue to grow and the range of activities to expand as the Wildgoose team explores ways to broaden the appeal of Wildgoose to a more diverse range of students.

We have added significantly to our educational facilities, this year we have opened two new facilities, a mechanics workshop and a brand new arts and crafts workshop which is proving very popular.

Public benefit

As a charity, Wildgoose Rural Training provides public benefit to local communities by providing education and support to those who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances.

STRATEGIC REPORT

Achievement and performance

Charitable activities

As always, the management and progressing development of students is a key priority this year. This year has seen the continued growth in student numbers and we are seeing an increasing trend of more one to one support for some students.

We are extremely grateful to our funders for their generous support in enabling Wildgoose to continue to develop its facilities to accommodate more students and offer a wider range of services.

Financial review

The Statement of Financial Activities shows incoming resources of £712,573 (2022: £493,675) and outgoing resources of £653,821 (2022: £440,533) for the year. Unrestricted reserves being those not designated for any other purpose stand at £213,419 (2022: £154,667) at the year end.

Financial review

Reserves policy

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The Trustee's consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. At the period end free reserves amounted to £213,419 (2022: £154,667).

Page 1

WILDGOOSE RURAL TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023

STRATEGIC REPORT

Future plans

Wildgoose continues to experience continued growth. The opening of new educational facilities have eased our capacity to take in more students, however, demand is still increasing and our waiting list continues to grow.

Managing our capacity to meet increased demand and enhancing our offer remain our priorities over the next 12 months. The new café and visitors centre is proving very popular and attracting a wider audience to the nature reserve.

We need to maximise income streams from both facilities by developing a programme of popular events and activities to encourage access and increase understanding of the 36-acre nature reserve so that it continues to flourish and provide benefit to the local community.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The Charity is a company limited by guarantee governed by its Memorandum and Articles of Association dated 28 September 2010. The company was then registered with the charities commission on 2 June 2011.

None of the Trustee-Directors has any beneficial interest in the company. All of the Trustee-Directors are full member of the Charitable Company and guarantee to contribute £1 in the event of winding up.

As set out in the Articles of Association, there must be at least two Trustee-Directors, with a maximum of ten. The five Trustee-Directors are those people notified to Companies House as Directors of Wildgoose Rural Training.

Trustee Development

The Board continue to review the skills and expertise of the Board. We were delighted to welcome Brian Boswell to the Board, Brian is a Chartered Accountant and has held senior roles in the corporate sector, including Finance Director, Corporate Treasurer and CEO. As we continue to develop our services we will continue to ensure the Board have the range of expertise and experience to inform and enhance the quality of our services.

Organisational structure

The Board meets on a regular basis to manage the affairs of the charity. The Board is responsible for agreeing strategic and business plans, policy setting, approval of budgets, ensuring legal compliance and risk management. The day-to-day management of the company's affairs is delegated to the Chief Executive..

Governance

The Board continue to monitor the performance quality and growth through a series of Key Performance Indicators as part of the Managing Directors Board report. Financial performance is measured through our monthly management accounts and five year forecast.

In February the Board brought in an external facilitator to work with the Trustees in developing a long-term strategy for WRT. As a result, we have a Strategic Action Plan (SAP). It is a working document that provides a framework for our future development and growth. The SAP review is now a standing item on the Board agenda.

To observe good governance and a high standard of compliance, the Board have an Audit Sub Committee comprising three Trustees to monitor our systems and processes. Any concerns are highlighted with the CEO and a report is presented at Board meetings.

Whilst there is not a statutory requirement, DBS checks are mandatory for all volunteers including Trustees. Our Memorandum and Articles and Standing Orders are the principle documents which determine procedures, processes, roles and responsibilities governing Trustees.

Risk management

The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07390338 (England and Wales)

Registered Charity number

1142201

Page 2

WILDGOOSE RURAL TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023

Registered office

Old Quarry Drive Main Road Hallow Worcester Worcestershire WR2 6LS

Trustees

Mr M C Davies Trustee Director Mrs T Gatford Trustee Director Mrs J P Jays Trustee Director Mr S C Brown Trustee Director Mr D F Saunders Trustee Director Mrs M Terrett Trustee Mr G Sansome Trustee H Montgomery Trustee Mr B P Boswell Trustee (appointed 1.5.23)

Independent Examiner

E R Grove & Co Limited Grove House Coombs Wood Court Steel Park Road Halesowen West Midlands B62 8BF

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 12 December 2023 and signed on the board's behalf by:

Mr M C Davies - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WILDGOOSE RURAL TRAINING

Independent examiner's report to the trustees of Wildgoose Rural Training ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Steven Lomas FCCA

E R Grove & Co Limited Grove House Coombs Wood Court Steel Park Road Halesowen West Midlands B62 8BF

12 December 2023

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WILDGOOSE RURAL TRAINING

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2023

Unrestricted Restricted funds funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 87,289 (16,471) Charitable activities 4 Activities undertaken directly 624,357 - Investment income 3 684 - Other income 243 - Total 712,573 (16,471) EXPENDITURE ON Raising funds 5 8,010 - Charitable activities 6 Support costs 645,811 - Total 653,821 - NET INCOME/(EXPENDITURE) 58,752 (16,471) RECONCILIATION OF FUNDS Total funds brought forward 154,667 16,471 TOTAL FUNDS CARRIED FORWARD 213,419 -	2023 Total funds £ 70,818 624,357 684 243 696,102 8,010 645,811 653,821 42,281 171,138 213,419	2022 Total funds £ 49,350 436,130 348 7,847
		493,675
		12,681 427,852
		440,533
		53,142 117,996
		171,138

The notes form part of these financial statements

Page 5

WILDGOOSE RURAL TRAINING

BALANCE SHEET 31 AUGUST 2023

Unrestricted Restricted funds funds Notes £ £ FIXED ASSETS Tangible assets 12 384,311 - Investments 13 1 - 384,312 - CURRENT ASSETS Debtors 14 154,780 - Cash at bank and in hand 53,244 66,326 208,024 66,326 CREDITORS Amounts falling due within one year 15 (186,138) (66,326) NET CURRENT ASSETS 21,886 - TOTAL ASSETS LESS CURRENT LIABILITIES 406,198 - CREDITORS Amounts falling due after more than one year 16 (192,779) - NET ASSETS 213,419 - FUNDS 18 Unrestricted funds Restricted funds TOTAL FUNDS	2023 Total funds £ 384,311 1 384,312 154,780 119,570 274,350 (252,464) 21,886 406,198 (192,779) 213,419 213,419 - 213,419	2022 Total funds £ 360,591 1 360,592 51,966 126,015 177,981 (137,197) 40,784 401,376 (230,238) 171,138 154,667 16,471 171,138

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 12 December 2023 and were signed on its behalf by:

Mr M C Davies - Trustee

The notes form part of these financial statements

Page 6

WILDGOOSE RURAL TRAINING

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2023

		2023	2022
	Notes	£	£
Cash flows from operating activities
Cash generated from operations	1	76,562	(64,977)
Interest paid		(7,594)	(11,262)
Net cash provided by/(used in) operating activities		68,968	(76,239)
Cash flows from investing activities
Purchase of tangible fixed assets		(40,444)	(72,649)
Purchase of fixed asset investments		-	(1)
Interest received		684	348
Net cash used in investing activities		(39,760)	(72,302)
Cash flows from financing activities
Loan repayments in year		(35,653)	(12,469)
Net cash used in financing activities		(35,653)	(12,469)

Change in cash and cash equivalents in
the reporting period		(6,445)	(161,010)
Cash and cash equivalents at the
beginning of the reporting period		126,015	287,025
Cash and cash equivalents at the end of
the reporting period		119,570	126,015

The notes form part of these financial statements

Page 7

WILDGOOSE RURAL TRAINING

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2023

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

		2023	2022
		£	£
Net income for the reporting period (as per the Statement of Financial
Activities)		42,281	53,142
Adjustments for:
Depreciation charges		16,726	13,255
Interest received		(684)	(348)
Interest paid		7,594	11,262
Increase in debtors		(102,814)	(31,062)
Increase/(decrease) in creditors		113,459	(111,226)
Net cash provided by/(used in) operations		76,562	(64,977)
ANALYSIS OF CHANGES IN NET DEBT
	At 1.9.22	Cash flow	At 31.8.23
	£	£	£
Net cash
Cash at bank and in hand	126,015	(6,445)	119,570
	126,015	(6,445)	119,570
Debt
Debts falling due within 1 year	(49,255)	(1,808)	(51,063)
Debts falling due after 1 year	(230,238)	37,459	(192,779)
	(279,493)	35,651	(243,842)
Total	(153,478)	29,206	(124,272)

2. ANALYSIS OF CHANGES IN NET DEBT

The notes form part of these financial statements

Page 8

WILDGOOSE RURAL TRAINING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Preparation of consolidated financial statements

The financial statements contain information about Wildgoose Rural Training as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

Support costs are those costs incurred directly in support of expenditure on the objects of the charity.

Governance costs are those costs incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost Plant and machinery - 25% on reducing balance Fixtures and fittings - 25% on reducing balance Motor vehicles - 25% on reducing balance

Related party exemption

The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Grants received

Grants relating to assets are recognised in income on a systematic basis over the useful life of the asset. Where they are deferred, they are recognised as deferred income and not deducted from the carrying amount of the asset to which they relate.

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WILDGOOSE RURAL TRAINING

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Unrestricted Restricted funds funds £ £ Donations 17,390 - Grants 69,899 (16,471) 87,289 (16,471) Grants received, included in the above, are as follows: General Other grants	2023 Total funds £ 17,390 53,428 70,818 2023 £ - 53,428 53,428	2022 Total funds £ 3,100 46,250
		49,350
		2022 £ 12,470 33,780
		46,250

3. INVESTMENT INCOME Unrestricted Restricted funds funds £ £ Deposit account interest 684 - 4. INCOME FROM CHARITABLE ACTIVITIES Activity Contracting income Activities undertaken directly Farming and open days Activities undertaken directly 5. RAISING FUNDS Other trading activities Unrestricted Restricted funds funds £ £ Purchases 8,010 - Support costs - - 8,010 -	2023 Total funds £ 684 2023 £ 621,319 3,038 624,357 2023 Total funds £ 8,010 - 8,010	2022 Total funds £ 348 2022 £ 433,916 2,214	2022 Total funds £ 348 2022 £ 433,916 2,214
		436,130
			2022 Total funds £ 12,668 13
			12,681

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WILDGOOSE RURAL TRAINING

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023

6. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
	Direct	Support
	Costs (see	costs (see
	note 7)	note 8)	Totals
	£	£	£
Support costs	469,277	176,534	645,811
DIRECT COSTS OF CHARITABLE ACTIVITIES
		2023	2022
		£	£
Staff costs		464,482	266,144
Advertising and promotion		4,795	7,084
		469,277	273,228
SUPPORT COSTS
			Other
	Management	Finance	interest
	£	£	£
Support costs	148,135	49	7,594
		Governance
	Depreciation	costs	Totals
	£	£	£
Support costs	16,726	4,030	176,534
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
		2023	2022
		£	£
Audit-related assurance services		4,030	3,483
Depreciation - owned assets		16,724	13,256

7. DIRECT COSTS OF CHARITABLE ACTIVITIES

8. SUPPORT COSTS

9. NET INCOME/(EXPENDITURE)

10. TRUSTEES' REMUNERATION AND BENEFITS

None of the Trustees (or any persons connected with them) received any remuneration or were reimbursed any travelling expenses during the year.

The charity paid for a Christmas meal,. The cost to the charity to cover the trustees was £240 (2022: £240).

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.

11. STAFF COSTS

Wages and salaries	2023 £ 523,430 523,430	2022 £ 313,215
		313,215

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WILDGOOSE RURAL TRAINING

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023

11. STAFF COSTS - continued

The average monthly number of employees during the year was as follows:

Direct services Accounts and administration	2023 25 2 27	2022 20 2
		22

No employees received emoluments in excess of £60,000.

12. TANGIBLE FIXED ASSETS

COST At 1 September 2022 Additions At 31 August 2023 DEPRECIATION At 1 September 2022 Charge for year At 31 August 2023 NET BOOK VALUE At 31 August 2023 At 31 August 2022	Freehold Plant and property machinery £ £ 349,778 49,344 36,405 4,039 386,183 53,383 24,140 40,661 6,976 3,180 31,116 43,841 355,067 9,542 325,638 8,683	Fixtures and fittings £ 23,198 - 23,198 14,083 2,279 16,362 6,836 9,115	Motor vehicles £ 26,578 - 26,578 9,423 4,289 13,712 12,866 17,155	Totals £ 448,898 40,444
				489,342
				88,307 16,724
				105,031
				384,311
				360,591

Included in cost or valuation of land and buildings is freehold land of £37,400 (2022 - £37,400) which is not depreciated.

Freehold property is estimated to have a useful life of 50 years.

13. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
	Shares in
	group
	undertakings
	£
MARKET VALUE
At 1 September 2022 and 31 August 2023	1
NET BOOK VALUE
At 31 August 2023	1
At 31 August 2022	1

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

WGRT Services Ltd

Registered office: Nature of business: Farm shop and cafe

% Class of share: holding Ordinary 100

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WILDGOOSE RURAL TRAINING

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023 £ Trade debtors 103,730 Other debtors 32,514 VAT 18,536 Prepayments - 154,780 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Other loans (see note 17) 51,063 Trade creditors 15,480 Social security and other taxes 8,317 VAT - Other creditors 3,180 Accruals and deferred income 3,200 Deferred grants 171,224 252,464 16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2023 £ Other loans (see note 17) 192,779 17. LOANS An analysis of the maturity of loans is given below: 2023 £ Amounts falling due within one year on demand: Other loans 51,063 Amounts falling between one and two years: Other loans - 1-2 years 28,915 Amounts falling due between two and five years: Other loans - 2-5 years 71,890 Amounts falling due in more than five years: Repayable by instalments: Other loans more 5yrs instal 91,974 18. MOVEMENT IN FUNDS Net movement At 1.9.22 in funds £ £ Unrestricted funds General fund 154,667 58,752 Restricted funds Lottery grant 16,471 (16,471) TOTAL FUNDS 171,138 42,281	2022 £ 42,261 9,306 - 399	2022 £ 42,261 9,306 - 399
	51,966
	2022 £ 49,255 7,817 14,287 936 2,850 2,990 59,062
	137,197
	2022 £ 230,238
	2022 £ 49,255 51,589 78,870 99,779 At 31.8.23 £ 213,419 -	2022 £ 49,255
		51,589
		78,870
	213,419

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WILDGOOSE RURAL TRAINING

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023

18. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	712,573	(653,821)	58,752
Restricted funds
Lottery grant	(16,471)	-	(16,471)
TOTAL FUNDS	696,102	(653,821)	42,281
Comparatives for movement in funds
		Net
		movement	At
	At 1.9.21	in funds	31.8.22
	£	£	£
Unrestricted funds
General fund	117,996	36,671	154,667
Restricted funds
Lottery grant	-	31,918	31,918
Severn Trent	-	(15,447)	(15,447)
	-	16,471	16,471
TOTAL FUNDS	117,996	53,142	171,138
Comparative net movement in funds, included in the above are as follows:
	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	477,204	(440,533)	36,671
Restricted funds
Lottery grant	31,918	-	31,918
Severn Trent	(15,447)	-	(15,447)
	16,471	-	16,471
TOTAL FUNDS	493,675	(440,533)	53,142

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WILDGOOSE RURAL TRAINING

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023

18. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund Restricted funds Lottery grant Severn Trent TOTAL FUNDS	Net movement At 1.9.21 in funds £ £ 117,996 95,423 - 15,447 - (15,447) - - 117,996 95,423	At 31.8.23 £ 213,419 15,447 (15,447) - 213,419

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	1,189,777	(1,094,354)	95,423
Restricted funds
Lottery grant	15,447	-	15,447
Severn Trent	(15,447)	-	(15,447)
	-	-	-
TOTAL FUNDS	1,189,777	(1,094,354)	95,423

Designated funds

Fixed Asset Fund - represents reserves set aside to match the level of resources required to maintain the tangible fixed assets of the entity;

Restricted funds

The Sensory Garden Funds are funds set aside for the construction of a sensory garden at Ball Mill Quarry.

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2023.

20. MEMBERS' GUARANTEE

The company is limited by guarantee, and as a result no share are in issue.

Every company member promises, if the company is wound up whilst a company member or within one year after ceasing to be a company member, to contribute such amount as is required up to a maximum of £1 towards the cost of winding up the company and liabilities incurred whilst the contributor was a company member.

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WILDGOOSE RURAL TRAINING

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023

Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS Donations and legacies Donations 17,390 - Grants 69,899 (16,471) 87,289 (16,471) Investment income Deposit account interest 684 - Charitable activities Contracting income 621,319 - Farming and open days 3,038 - 624,357 - Other income Job retention grant received 243 - Covid grants received - - 243 - Total incoming resources 712,573 (16,471) EXPENDITURE Other trading activities Animal purchases 5,599 - Kitchen and other purchases 2,411 - 8,010 - Charitable activities Wages 464,482 - Advertising and promotion 4,795 - 469,277 - Support costs Management Pension and social security costs 58,948 - Rates and water 2,020 - Insurance 7,451 - Light and heat 20,035 - Telephone 2,053 - Postage and stationery 786 - Training costs 5,545 - Computer costs 3,188 - Motor and travel expenses 14,383 - Equipment costs 1,036 - Repairs and renewals 8,210 - External teaching costs - - Other support costs 24,480 - 148,135 -	2023 Total funds £ 17,390 53,428 70,818 684 621,319 3,038 624,357 243 - 243 696,102 5,599 2,411 8,010 464,482 4,795 469,277 58,948 2,020 7,451 20,035 2,053 786 5,545 3,188 14,383 1,036 8,210 - 24,480 148,135	2022 Total funds £ 3,100 46,250
		49,350 348 433,916 2,214
		436,130 - 7,847
		7,847
		493,675 8,376 4,292
		12,668 266,144 7,084
		273,228 47,071 2,541 7,207 14,673 2,238 1,089 10,309 3,012 4,313 6,868 3,967 23 20,742
		124,053

This page does not form part of the statutory financial statements

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WILDGOOSE RURAL TRAINING

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023
Unrestricted Restricted funds funds £ £ Management Finance Bank charges 49 - Other interest Loan interest 7,594 - Depreciation Freehold property 6,977 - Plant and machinery 3,181 - Fixtures and fittings 2,279 - Motor vehicles 4,289 - 16,726 - Governance costs Auditors' remuneration for non audit work 4,030 - Total resources expended 653,821 - Net income 58,752 (16,471)	2023 Total funds £ 49 7,594 6,977 3,181 2,279 4,289 16,726 4,030 653,821 42,281	2022 Total funds £ 2,584 11,262 6,248 2,894 3,038 1,075
		13,255 3,483
		440,533
		53,142

This page does not form part of the statutory financial statements

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