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2024-08-31-accounts

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 2024

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 2024

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 2024

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 2024. 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:

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 team explores ways to broaden the appeal of WRT to a more diverse range of students.

Public benefit

As a charity, WRT 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 development of students continues to be a key priority. 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 WRT 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 £885,358 (2023: £696,102) and outgoing resources of £850,053 (2023: £653,821) for the year. Unrestricted reserves being those not designated for any other purpose stand at £248,724 (2023: £213,419) 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 £248,724 (2023: £213,419).

Page 1

WILDGOOSE RURAL TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024

STRATEGIC REPORT

Future plans

WRT continues to experience continued demand for its services. We are close to capacity to take in more students, however, demand is still increasing and our waiting list continues to grow.

Reviewing our capacity to meet increased demand and enhancing our offer remains a priority over the next 12 months. The café and visitors centre continue to be very popular and are 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 eight Trustee-Directors are those people notified to Companies House as Directors of WRT.

Trustee Development

The Board continue to review the skills and expertise of the Board. We were delighted to welcome Lynn Cartwright to the Board, Lynn having previously worked as a volunteer at WRT. During the year we also said farewell and thank you to two long standing Trustee-Directors; Mark Davies who served as Chairman of the Board for 12 years and Jan Jays, a Trustee-Director for 13 years.

Geoffrey Sansome, a Trustee-Director since 2021 was elected as Chair and Brian Boswell, a Trustee-Director since 2023, was elected as Vice Chair. 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 Chief Executives Board report. Financial performance is measured through our monthly management accounts and five-year forecast, supported by a Financial Sub-Committee.

This year, the Board brought in an external facilitator to work with the Trustees to review the governance structures and processes for WRT. As a result, we will be reviewing and revising our governance documents. We continue to review and develop our Strategic Action Plan (SAP), 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. We also have regular Financial Sub Committee which reports at all 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)

Page 2

WILDGOOSE RURAL TRAINING

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024

Registered Charity number

1142201

Registered office

Old Quarry Drive Main Road Hallow Worcester Worcestershire WR2 6LS

Trustees

B P Boswell Trustee S C Brown Trustee L Cartwright Trustee (appointed 26.6.24) T Gatford Trustee H Montgomery Trustee G Sansome Trustee D F Saunders Trustee M Terrett Trustee M C Davies Trustee (resigned 12.12.23) J P Jays Trustee (resigned 12.12.23)

All the trustees are also appointed as directors.

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 9 December 2024 and signed on the board's behalf by:

G Sansome - 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 2024.

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

  2. 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

  3. 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

9 December 2024

Page 4

WILDGOOSE RURAL TRAINING

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2024

Unrestricted
Restricted
funds
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
156,886
28,149
Charitable activities
4
Activities undertaken directly
699,252
-
Investment income
3
1,071
-
Other income
-
-
Total
857,209
28,149
EXPENDITURE ON
Raising funds
5
37,844
-
Charitable activities
6
Support costs
784,060
28,149
Total
821,904
28,149
NET INCOME
35,305
-
RECONCILIATION OF FUNDS
Total funds brought forward
213,419
-
TOTAL FUNDS CARRIED FORWARD
248,724
-		 2024
Total
funds
£
185,035
699,252
1,071
-
885,358
37,844
812,209
850,053
35,305
213,419
248,724		 2023
Total
funds
£
70,818
624,357
684
243
696,102
8,010
645,811
653,821
42,281
171,138
213,419

The notes form part of these financial statements

Page 5

WILDGOOSE RURAL TRAINING

BALANCE SHEET 31 AUGUST 2024

Unrestricted
Restricted
funds
funds
Notes
£
£
FIXED ASSETS
Tangible assets
12
402,259
-
Investments
13
1
-
402,260
-
CURRENT ASSETS
Debtors
14
62,394
-
Cash at bank and in hand
26,682
166,001
89,076
166,001
CREDITORS
Amounts falling due within one year
15
(74,088)
(166,001)
NET CURRENT ASSETS
14,988
-
TOTAL ASSETS LESS CURRENT LIABILITIES
417,248
-
CREDITORS
Amounts falling due after more than one year
16
(168,524)
-
NET ASSETS
248,724
-
FUNDS
18
Unrestricted funds
TOTAL FUNDS		 2024
Total
funds
£
402,259
1
402,260
62,394
192,683
255,077
(240,089)
14,988
417,248
(168,524)
248,724
248,724
248,724		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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 9 December 2024 and were signed on its behalf by:

G Sansome - Trustee

The notes form part of these financial statements

Page 6

WILDGOOSE RURAL TRAINING

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2024

2024 2023
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 163,647 76,562
Interest paid (7,183) (7,594)
Net cash provided by operating activities 156,464 68,968
Cash flows from investing activities
Purchase of tangible fixed assets (35,283) (40,444)
Interest received 1,071 684
Net cash used in investing activities (34,212) (39,760)
Cash flows from financing activities
Loan repayments in year (49,139) (35,653)
Net cash used in financing activities (49,139) (35,653)
Change in cash and cash equivalents in
the reporting period 73,113 (6,445)
Cash and cash equivalents at the
beginning of the reporting period 119,570 126,015
Cash and cash equivalents at the end of
the reporting period 192,683 119,570

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 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024 2023
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 35,305 42,281
Adjustments for:
Depreciation charges 17,335 16,726
Interest received (1,071) (684)
Interest paid 7,183 7,594
Decrease/(increase) in debtors 92,386 (102,814)
Increase in creditors 12,509 113,459
Net cash provided by operations 163,647 76,562

2. ANALYSIS OF CHANGES IN NET DEBT

At 1.9.23 Cash flow At 31.8.24
£ £ £
Net cash
Cash at bank and in hand 119,570 73,113 192,683
119,570 73,113 192,683
Debt
Debts falling due within 1 year (51,063) 24,884 (26,179)
Debts falling due after 1 year (192,779) 24,255 (168,524)
(243,842) 49,139 (194,703)
Total (124,272) 122,252 (2,020)

The notes form part of these financial statements

Page 8

WILDGOOSE RURAL TRAINING

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

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

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WILDGOOSE RURAL TRAINING

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

2. DONATIONS AND LEGACIES

Unrestricted
Restricted
funds
funds
£
£
Donations
6,831
-
Grants
150,007
28,149
Donated services and facilities
48
-
156,886
28,149
Grants received, included in the above, are as follows:
Other grants
3.
INVESTMENT INCOME
Unrestricted
Restricted
funds
funds
£
£
Deposit account interest
1,071
-
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
13,617
-
Students working in cafe
24,227
-
37,844
-		 2024
Total
funds
£
6,831
178,156
48
185,035
2024
£
178,156
2024
Total
funds
£
1,071
2024
£
698,493
759
699,252
2024
Total
funds
£
13,617
24,227
37,844		 2023
Total
funds
£
17,390
53,428
-		 2023
Total
funds
£
17,390
53,428
-
70,818
2023
£
53,428
2023
Total
funds
£
684
2023
£
621,319
3,038
624,357
2023
Total
funds
£
8,010
-
8,010

Page 10

continued...

WILDGOOSE RURAL TRAINING

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

6. CHARITABLE ACTIVITIES COSTS

6. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 7) note 8) Totals
£ £ £
Support costs 569,306 242,903 812,209
7. DIRECT COSTS OF CHARITABLE ACTIVITIES
2024 2023
£ £
Staff costs 567,531 464,482
Advertising and promotion 1,775 4,795
569,306 469,277
8. SUPPORT COSTS
Other
Management Finance interest
£ £ £
Support costs 212,589 180 7,183
Governance
Depreciation costs Totals
£ £ £
Support costs 17,335 5,616 242,903
9. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2024 2023
£ £
Audit-related assurance services 5,616 4,030
Depreciation - owned assets 17,335 16,724

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 2024 nor for the year ended 31 August 2023.

11. STAFF COSTS

Wages and salaries 2024
£
639,097
639,097		 2023
£
523,430
523,430

Page 11

continued...

WILDGOOSE RURAL TRAINING

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

11. STAFF COSTS - continued

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

Direct services
Accounts and administration		 2024
28
2
30		 2023
25
2
27

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

12. TANGIBLE FIXED ASSETS

COST
At 1 September 2023
Additions
At 31 August 2024
DEPRECIATION
At 1 September 2023
Charge for year
At 31 August 2024
NET BOOK VALUE
At 31 August 2024
At 31 August 2023		 Freehold
Plant and
property
machinery
£
£
386,183
53,383
1,717
11,800
387,900
65,183
31,116
43,841
7,010
4,216
38,126
48,057
349,774
17,126
355,067
9,542		 Fixtures
and
fittings
£
23,198
2,267
25,465
16,362
2,163
18,525
6,940
6,836		 Motor
vehicles
£
26,578
19,499
46,077
13,712
3,946
17,658
28,419
12,866		 Totals
£
489,342
35,283
524,625
105,031
17,335
122,366
402,259
384,311

Included in cost or valuation of land and buildings is freehold land of £37,400 (2023 - £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 2023 and 31 August 2024 1
NET BOOK VALUE
At 31 August 2024 1
At 31 August 2023 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 2024

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
£
Trade debtors
50,773
Other debtors
11,608
VAT
13
62,394
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
Other loans (see note 17)
26,179
Trade creditors
745
Social security and other taxes
4,262
Other creditors
4,129
Accruals and deferred income
3,300
Deferred grants
201,474
240,089
16.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
£
Other loans (see note 17)
168,524
17.
LOANS
An analysis of the maturity of loans is given below:
2024
£
Amounts falling due within one year on demand:
Other loans
26,179
Amounts falling between one and two years:
Other loans - 1-2 years
22,965
Amounts falling due between two and five years:
Other loans - 2-5 years
73,914
Amounts falling due in more than five years:
Repayable by instalments:
Other loans more than 5 years by installments
71,645
18.
MOVEMENT IN FUNDS
Net
movement
At 1.9.23
in funds
£
£
Unrestricted funds
General fund
213,419
35,305
TOTAL FUNDS
213,419
35,305		 2023
£
103,730
32,514
18,536		 2023
£
103,730
32,514
18,536
154,780
2023
£
51,063
15,480
8,317
3,180
3,200
171,224
252,464
2023
£
192,779
2023
£
51,063
28,915
71,890
91,974
At
31.8.24
£
248,724		 2023
£
51,063
28,915
71,890
248,724

Page 13

continued...

WILDGOOSE RURAL TRAINING

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

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 857,209 (821,904) 35,305
Restricted funds
CLA Charitable Trust 24 (24) -
Eveson Charitable Trust 1,146 (1,146) -
Mark Benevolent Fund - Grand Lodge 705 (705) -
Resonance Grant 26,000 (26,000) -
Thursday Club Donation 90 (90) -
Nineveh Trust 184 (184) -
28,149 (28,149) -
TOTAL FUNDS 885,358 (850,053) 35,305
Comparatives for movement in funds
Net
movement At
At 1.9.22 in funds 31.8.23
£ £ £
Unrestricted funds
General fund 154,667 58,752 213,419
Restricted funds
Lottery grant 16,471 (16,471) -
TOTAL FUNDS 171,138 42,281 213,419
Comparative 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

Page 14

continued...

WILDGOOSE RURAL TRAINING

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

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
TOTAL FUNDS		 Net
movement
At 1.9.22
in funds
£
£
154,667
94,057
16,471
(16,471)
171,138
77,586		 At
31.8.24
£
248,724
-
248,724

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 1,569,782 (1,475,725) 94,057
Restricted funds
Lottery grant (16,471) - (16,471)
CLA Charitable Trust 24 (24) -
Eveson Charitable Trust 1,146 (1,146) -
Mark Benevolent Fund - Grand Lodge 705 (705) -
Resonance Grant 26,000 (26,000) -
Thursday Club Donation 90 (90) -
Nineveh Trust 184 (184) -
11,678 (28,149) (16,471)
TOTAL FUNDS 1,581,460 (1,503,874) 77,586

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2024.

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 2024

Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS
Donations and legacies
Donations
6,831
-
Grants
150,007
28,149
Donated services and facilities
48
-
156,886
28,149
Investment income
Deposit account interest
1,071
-
Charitable activities
Contracting income
698,493
-
Farming and open days
759
-
699,252
-
Other income
Job retention grant received
-
-
Total incoming resources
857,209
28,149
EXPENDITURE
Other trading activities
Animal purchases
8,541
-
Kitchen and other purchases
5,076
-
Students working in cafe
24,227
-
37,844
-
Charitable activities
Wages
541,531
26,000
Advertising and promotion
1,775
-
543,306
26,000
Support costs
Management
Pension and social security costs
71,566
-
Rates and water
2,228
-
Insurance
9,217
-
Light and heat
22,248
-
Telephone
2,524
-
Postage and stationery
1,147
-
Irrecoverable vat
40,661
-
Training costs
5,512
-
Computer costs
2,182
-
Motor and travel expenses
12,780
-
Equipment costs
2,135
90
Repairs and renewals
8,269
2,059
Other support costs
29,971
-
210,440
2,149		 2024
Total
funds
£
6,831
178,156
48
185,035
1,071
698,493
759
699,252
-
885,358
8,541
5,076
24,227
37,844
567,531
1,775
569,306
71,566
2,228
9,217
22,248
2,524
1,147
40,661
5,512
2,182
12,780
2,225
10,328
29,971
212,589		 2023
Total
funds
£
17,390
53,428
-
70,818
684
621,319
3,038
624,357
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

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 2024

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
Unrestricted
Restricted
funds
funds
£
£
Management
Finance
Bank charges
180
-
Other interest
Loan interest
7,183
-
Depreciation
Freehold property
7,010
-
Plant and machinery
4,216
-
Fixtures and fittings
2,163
-
Motor vehicles
3,946
-
17,335
-
Governance costs
Auditors' remuneration for non audit work
5,616
-
Total resources expended
821,904
28,149
Net income
35,305
-		 2024
Total
funds
£
180
7,183
7,010
4,216
2,163
3,946
17,335
5,616
850,053
35,305		 2023
Total
funds
£
49
7,594
6,977
3,181
2,279
4,289
16,726
4,030
653,821
42,281

This page does not form part of the statutory financial statements

Page 17