**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:
1. 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
3. 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
4. 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
Page 4
## **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.
Page 9
continued...
## **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|
Page 10
continued...
## **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|
Page 11
continued...
**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
Page 12
continued...
## **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||
Page 13
continued...
## **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|
Page 14
continued...
## **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.
Page 15
## **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
Page 16
## **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
Page 17