2023-01-31-accounts - Colwall Orchard Trust

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Trustees' Annual Report
Independent Examiner's	Report
Statement ofFinancial Activities
Summary income and Expenditure		Account
Balance Sheet
Notes tothe Accounts

income			23,813
interest and investment income
Gross income forthe year			29,447
Expenditure
Depreciation and charges	for
impairment offixed assets		8,077
Total expenditure forthe	year
Net inco'me/(expenditure) before tax forthe year		16,384
Net income/(expenditure)	forthe year	16,884

Company No."07495461
Fixed Assets
Tangible assets	156,546
	156,546
Current Assets
Cash at bank and in hand	44,734
Debtors	11,405
Creditors
Amounts failing due within one year
Net current assets
Total assets less current liabilities		195,926
Total Net Assets
The funds ofthe charity
Restricted funds
		63,425
Unrestricted Funds
General funds	128,650	132,501
Total Funds	212,310	195,926

	Unrestricted	Unrestricted	fun cfs	These are available for use atthe discretion ofthe trustees in furtherance
				the general objects ofthe charity
				These are unrestricted funds earmarked by the trustees for particular'
				purposes.
	Revaluation		funds	These are unrestricted funds which include a revaluation reserve
				representing the restatement ofinvestment assets at their market values.
	Restricted	funds		These are available for use subject to restrirtions imposed by the donor ar
				through terms ofan appeal
r	tncorne,
	Recognition		of	income isinduded in the Statement of Financial Activities (SoFA) when the
	income			charity becomes entitled to, and virtually certain to rereive, the income
				and the amount ofthe income can be measured with sufficient reliabi! ity,
	income with		retated	yyhere income has related expenditure the 'mcorne and related
	expenditure			expenditure is reported gross in the SoFA.
	Donations	and		Voluntary income received by way ofgrants, donations Bnd gifts is
	legacies			included in the SoFAwhen receivable and only when the Charity has
				unconditional entitlement tothe income,
	Tax reclaims		on	income from tax reclaims is included in the SoFA at the time ofreceipt.
	danations	and gifts
	Donated services			These are only i'nduded in income (with an equivalent amount in
	and fac!Iltles			expenditure) where the benefit tothe Charity isreasonabiy
				quantifiable, measurable and material,
	Volunteer	help		The value ofany volunteer help received is not included in the
				accounts
	Investment	income		This is included in the accounts when received.

Recognition of	Recognition of	Expenditure is recognised on an arcruals basis. Expenditure includes any	Expenditure is recognised on an arcruals basis. Expenditure includes any
expenditure		VAT which cannot be fully recovered, and is reported as part ofthe
		expenditure to which it relates.
Expenditure	on	These comprise the costs associated with attracting voluntary income,
r~ising funds		fundraising trading costs and investment management costs.
Expenditure	on	These comprise the costs incurred by the Charity in the delivery of its
charitable activities		activities and services in the furtherance ofits objects, including the making
		ofgrants and governance costs,
Grants payable		All grant expenditure isaccounted for on an actual paid basis.
Governance	cost	These include those costs associated with meeting the constitutional	and
		statutory requirements ofthe Charity, including any audit/independent
		examination fees, costs linked tothe strategic management ofthe Charity,
		together with a share ofother administration costs
Other expen diture		These are support costs not allocated to a particular activity.

			Unrestricted	Restricted
			funds	Funds
			ZOZZ	2022
				E
Income and endowments	from:
Donat/ons ancl Iegacles			7,292		10„617
Charitable activities			2,615		2,615
Other Trading Activities			10,581		10,581
investments			5,634		5,634
Totah					29,447
Expenditure on:
Charitable activities			20,213	3,325	23,538
Other			4,012	2,109	6,121
Total:				5,434	29,659
Net gain on investments
Net income/(expenditure)			1,897		(2121
Transfers between funds
Net Income/(expenditure)	before other	gains/(losses}
Other gains and losses
Net movement in funds
Reconciliation offunds:
Total funds brought forward			130,604		196,138
Total funds carried forward			132,501		195,926
4. Income from donations	and legacies
		Unrestricted	Restricted	Tota I	Total
				2023	Z022
Donations and legacies		2,106		2,106	1,067
Gift Aid Refunds		406		406	1,130
General Grants provided	by
Government/Other Charities
Membership subscriptions	and
sponsorships which are In substance
donations		1,706

5. Income	from charitable activities
		Unrestricted			Total
		2023			2622
Charitable	Activities - Events			12,914	2,615
Total
6. Income	from Other Trading Activities
			Unrestricted	To'tel	Total
				2023
Sale ofJuice and Preserves				3,556
Safe offruit	trees and shrubs				3,053
Other trading activities					3 333
Total			10,139	10,139	10,581
7, Income	from Investments
				Total
				2023
interest
Rentai and Leasing income				2,264

			Unrestricted	Total	Total
				2023	2022
			f	E
Advertising	and Marketing		317	317	2,619
investment	Management	Costs	14,639	26,151	9,951
Administration and Overheads			9,837	9,892	4,611
Purchase of	Orchard Products		2,383	2,383	3,803
Training			286	286	1,306
independent	Examiners Fee		623	623	595
Fundraising	Costs		1„103	1,103	653

			Unrestricted	Tote l
				2022
			f
Advertising	and Marketing,		2,619	2,619
investment	Management	Costs	6,626	9,951
Administration and Overheads			4,611	4„611
Purchase of	Orchard Products		3,803	3,803
Tralntng			1,306	1,306
independent	Examiners Fee		595	595
Fundralsing	Costs		653	653

14.Move	ment in funds
		At 1 February 2022	Incoming resources (Including other gainsj losses)	Resources expended	Grass Transfers	At 31 January 2023
Restricted	funds:
Restricted	income funds:
Luggs Mill Land Shed Donations LM Bridge 8/CC Defra Access WCC FiPL		40,000 21,760 1,665	11,032 25,540	(1,554) (416) (6,59B) P,769)		40,000 20,206 1,249 4,434 17&771
Total
Unrestricted	funds:			(16,337)		83„660
General funds
Revaluation	Reserves:			(32,495)		128,650
Total Funds		195,926	65,216	}48,832}	—	212,3M

Movement in funds —prior year
At	1	incoming		Gross	At 31
February		resources		Transfers	January
2021					2022
Restricted funds;
Restricted income funds:
Luggs Mill Land	40,000				40,000
Shed Donations	23,314		(1,554)		21,760
Lugg's Milt Bridge Malve'rn Hills AONB	2,220		(555) (3,325)		1,665
Total					63,425
Unrestricted funds:
General funds					132,501
Revaluation Reserves:
Total Funds
15.Analysis ofnet assets between	funds
			Unrestricted
			funds
Fixed assets					156,546
Net current assets At 31January 2023			142,458	69,852	55,764 212,310
At 31January 2022				69,852	212,310