Charity number: 1143033 Company Number: 04295400 Clervaux Trust Limited (A Company Llmlted by Guarant8e) Trustees, report and financial statements For the year ended 31 August 2022
GLERVAUX TRUST LIMITED CONTENTS Page Legal and administrative infotmalion Report of the Trustees Independent Audilorfs Report Stslement of FinancSal Acllvhies Balance Sheet 12 Cash Flow Statement 13 Notss to the Financial Statements 14
CLERVAUX TRusf LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Re istered office Ruskirk Mill Millbottom Nailsworth stroud Glouce51ershire GL6 OLA Princi al office Clow Be¢k Centre Jolby Lane Darlington DL2 2TF Trustees H M Kippax l K Clements C A Hindmarsh (rèsigned 28 March 2022) A C H Gordon OBE (appointed 1 September 20221 Com n SeGreta E Johnson nt Personnel Aonghus Gordon OBE- Founder & Executive Chair Tara Gr8tton - Director Schools and Rise Shazuli Iqbal- Chief Financial offer Constantin Court- Director of PSTE Quality Assurance Lindsay VVllkinson- Trust Head of Human Resourcés Auditors Grant Thornton UK LLP Chartered Accountants & Statutory Auditor 1Th Floor 103 Colmore Row Birmingham B3 3AG Bankers Lloyds Bank PIC 12 Rowcroft stroud Gloucestershir8 GL5 3BD Soli¢itors Royds Wrthy King LLP 69 Carter Lane London EC4V SEQ
CLERVAUX TRUST LIMITED REPORT OF THE TRUSTEES The Trustees., who aTe also clirectors of the charty for the purposès of Ihè Companies Act 2006, presént their ieport with the financial statements of the charity for the year to 31 Augusl 2022. Govemlng document Clervatjx Trust Ltd is a règlstered ¢harity (reglslered no. 11430331 and a company limited by guarantee {registered no. 04295400). as defined by the Companies Act 2006. Its Goveming Inslnjmenl is the Memorandum & Articles of Association dated 27 September 2001, as amended on 12th January 2011 and 7th Match 2012. STRUCTURE. GOVERNANCE AND MANAGEMENT Group Structure Ruskin Mill Trust Limtted is the sole member of Clervaux Trust Ltd. Clervaux Trust Ltd is part of the Ruskin Mill Trust Group. Clervaux Trust Ltd operates Clervaux Rise and the Fokl, and sub.18ases fmm Ruskin Mill Land Trust IrÈlalÈd patyl 70 a$ of farmland. adjacent lo the Clervaux Garden School. and the Bishop's House in Darlington, for the purposes of delivering social care and work experien services for adults Mth special needs. both day and residential. Clervaux Fold, also operated by Clervaux Trust, is a dedicated family centre working with Arn]y Families attached to Ihe nearby Catterick Garrison. as well as local non.military famil'es. registered office of Clervaux TNst Ltd is Ruskin Mill. Millbottom, Nailsworth, Stroud, GL6 OLA and the principal offiee is Cknv Beck Centre. Jolby Lan8, Darlinglon, DL2 2TF. Rocwltment and appointment of new Trustees The charity's practice regarding recruf(ment has been for members of the Board to make recommendation5 for suitably skilled and experienced people who are then appraised by Ruskin Mill Tnjst's Board of Trustèes which ma(e$ the final de¢i$ion. Induction and training are carried out during the meeting cycle, and members are also invited to trainiThJ at Ruskin Mill Trusys other centres. During the year, individual Trustees undertook a tange of appropriate Iratning. Organlsational Manag•m•nt The Irustses delegate the day lo day running of the provision to a local management team who oversee operations and which reports to Ruskin Mill Trust's Oir&loi of Schools and Rise. The key management personnel are listed on pag¢ l. The trustees did not receive any remuneration from Clervaux Trust Ltd in the current or previous period. Dlrectors and Trustsos The Trustees during the period are listed on page 1. OBJECTS AND AIMS OblKts The charty'5 Objects are.. To advance the education of the public in the Subject of conservation, protection and restoration of the natLral environment and Ihe sustainable and rational us8 ol natural resources with p8rli¢ul8r ference to the setling up or eStablis.fig either joint]y or with otheTS educational facilities foT children and adults. including children and adults with leaming d[l¢IlieS. lo in¢lude 8tts 8nd crafts aclivilies. woodland management and residential accommodation, with parbcular reference being given lo the ir*di¢atign8 and insights of Rudolf Sleinw in these areas.
CLERVAUX TRUST LIMITED Atms CleTvaux Rise offers day and residential Gore pla¢e$ in Darlington and the wider area to adults with ¢omplex learning and behavioural drffKullie5, and il supports them in gaining training and further education. Daytime work and training is available in the rural selling of thè farm al Croft-on-Tees, whlch provide5 sessions in social enterprise activities and land work. In Dartington, there are opportunities for supportèd work placèmèrtts al the Bishop's House through the bakery & café.. the residential provision provides additional independence training for adults benefitting from longef term care and supty)rt. Clervaux Fold offpJs a¢livilie8 to lo¢al milltary and on military families including craft sessKin5 land work, and social aclimties. Public ban•fit In catrying out its active$ in the year under review, the Trustees ¢onfimi that they have complied wrth their duly under Section 17 of the Char6ties Act 2011 to have regard to the public benefit guidance issued by the Charity Commission for England and Wales. STRATEGIC REPORT Achièvèments & Perforniance Clwaux Trust continues lo operate two successful athjlt programmes.. CleNaux Rise and the Fold. Clervaux Rise participants are engaged in working the farm and supporting the box scheme that delivers vegetables to Ihe k)cal community. There are also work experience opportunities available in landscaping, woodlands and in the shop in the mmunity. The Rise programme has slight grown since the previous year and staffing levels remain the same. There is currenuy a slrong focus on reviewing and updaling marketing materlals for the Rise programmes a¢ro$$ the Trust. wlh the hope to further grow participant numbers. Clervaux continues to develop links with kjcal authollfies ir) the region which will. it is hoped. result in fvrther residential and doy placements. The Fold continues to bè a valued communlty resour¢e for the mili18ry families from Catterick as well #S local families. The Fold offers fami activities as wèll as craft, cooking and social acbviti88. The Fold also supported a Summer Fair evenl which included Clervaux Rise participants as well as pupils from Cletvaux Garden School. The Fold activities are primarily funded through fundraising. Over the year, the care and sUPPOrt provided by Clervaux to ils day and residential seNce users has been consistently praised by their respèctive Loc81 Authorities and other stakeholders. Financial Revlew Rèsults Trustees value the nel income of £16,055 made during the perw)d to 31 August 202212022.- deficit £170,358). A signifficant percerrtage of Cletvaux Trust's total incorne £896.367 {2021.' £701,391) comes from fees 93%12021-. 96%). and 7V. {2021.- 3•hl relates to other incomè, which includes café and fami Sales. Fundraising Fundraising throughout the Ruskin Mill TnJ$t Group is managed by an in-house Fundraising Department which is led by a Dire¢lor of Fundraising. No use is made of any extemal, professional fu[raiSer or any comrnercial participalor. so no fundraising activities were carried out on Clervaux Trust's behalf during the year nor were any approache5 made lo vulnerable individuals in pursuit of the raising of funds for the charity. CleNaux Trust Ltd'$ parent charity. Ruskin Mill Trust, has sIgrd up to the Fsjndraising Regulatorfs Code of Fundraising Practice and it pays an annv31 levy lo the Reyulalor. During the yèar thère was failure lo comply with 8 $¢heme or standard crted nor were any complaints received about the fundraising a¢tivitie$ conducted by the Ruskin Mill Trust. Money Taised by Clervaux Trust Ltd through fundraising actiwities are used by il as agreed with the dOrr and comply with any conditions attached by the donor.
CLERVAUXTRUST UMITED Reserves The trustee$ review the charty's firiancial plans and resuhs regulaity throughout the year. This is done through moniloring income and expenditure against budget forecasts and monrtoring ¢ash flow. The Trustees feel il wudent to build the level ol reserniès on an annual basis with the purpose of ensuring that the charity has sufficient reserves to act as a buffer against unexpected drops in income or increases in expenditure. The reserve$ Currently held are reytricÉed funds £37,605 12021-. £43,083} and unrestricted funds-£249,565 (2021=_F271,098). Risks & Uncortaintigs The tnjslees review the risks to whlch the charity is exposed such as the heatth and Safety of SeTviee users, visitors, volunteers and staff on an On-goi basis and are satisfied Ihal systems are in place to manage exposure to the major risks. They maintain appropriate levels of insurance cover for all foreseeable risks. SpecffK areas of risk and uncertainty ate". Financlal Vlablllty.. Clervaux RISE Clervaux Rise growth continues to be slow, but as it 15 fK)w sharing resources wlh the garden school. Ihe Rise programme has beGome more financialty viable. There is a focu5 on marketing an recruiting for the Rise programme and thè Tnjst's Head of Business Developmènt is wn9 closèly th senior leaders to deliver a grovrth plan. Clervaux Fobj The Fold is a nostanc1ard Ruskin Mill Trust educational provision. The Business Plan has identified mmunity groups that would benefit from this service and generate illcome stream5 and achieve financial viability. Poor Inspaction rasult". The risk of Clervaux Trust Ltd receiving a poor grade followin9 an inspection by the Care Qua]ty Commission (CQC). This is being mitigated through a rigoroLbS System of inlemal Quality Assurance, inEluding use of a speGia1151 extemal consultant and investment in stsff Iralnlng. Regulatory non<ompllance: Th8 risk of regulatory non-compliance requires constsnt rewew and th& upskilling of glaff and. trustees to meet an ever-changing regulatory landscape and skndenl profile. Specifically-. Keeping servi¢6 users safe: The poknlial risks associated wlh keepin9 service u8er8 a¢ros$ the thole of the Ruskin Mill Trust Group safe has required wntinued vigilance and miligalioll by robust risk assessment and action plans. as5essmenls, appropriate training. the appointment of safeguarding managers at each of the main centrÈs and improvèd intema] meeting a1 reporting affangements. The Trust Head of Safeguarding is worknng effectively with Designated safeguarding leads across all sites as well as Headteachers and the Directors lo ensure that each centre is compliant The Head of Safeguarding is part oflhe Civil Service and therefore woths wllaboralively with other key fvn¢knons including HR, ITIMIS, H&S, and staff training lo provide high qualty support. In add0, a Ruskin Mill Trust Trustee holds lead responsibility for maintaining oversight of Safeguarding and Health & Safety across the GroLtp. GDPR: A rigoroug programme of ¢ro$s-Tru$l training ¢ontinue$ to be implemented to ensure compliance, all overseen by Ruskin Mill Trust's Head of Legal Services. Charity Law.. To assist compliance wlh Challly Law. Ruskin Mill Trust's Head of Legal Services provides trustees Mrilh regular Charty Law and Governance updates and training which are supplemented by advice on further provisions as they come in lo force. As an example. in order lo comply wlh stslulory changes made to the automattc disqualificalh)n rules for charity trustees, a néw Trustee Eligiblty D8claration procedur• has been introdu¢ed.
CLERVAUX TRUST UMITED Longovity and deployment of stafflng: Clervaux Garden School is growng and continues to re niore on staff resource which could reduce staffing capacity for the Rise programme. The Board of DirÈctors are w)rking closely with seniw leaders to Gleady allocate staff re50UTce lo each area of the site and ensur8 sufficient coverage. In addition. Ruskin Mill Trust has Èmployed a le#m of specialist recruiters are assisting wlh bringing in new staff as needed. IT disaster: The ¢harity conb.nues to monitor and improve IT cyber security arrangements to ensure a robustness and prepaiedness for any future attack5. Clervaux Trust Ltd benefts from lechnical and MIS serwces and support provided by Ruskin Mill Trusys central $ervice8. Reputalional Rlsk: The risk of reputational harni is being mitigated through the vigilance of the tharity including ongoing review of the Trust's Risk Register ancs implementing a Code of Conduct and ensuring staff are suilably supported and trained. Risks to Ruskln Mlll Trust Group's Method IPSTE}' Vigilanc8 continues to be needed to ensure that the Ruskin Mill Trust Group's edallOn¥1 method is not compromised. The Trust invests in staff training and researGh to support the method. Futur& Plans Clervaux Irusl continues to be an integral part of th? Ruskin Mill Trust family and Is benefitting from the growth and developments of Clervaux Garden School. Clorvaux Fold Thé Fold ¢ontinue$ lo provide outreach services for families of seM¢emell that aTe EonneGted to the nearby Catterick 88iracks. The pro9ramme provide5 an opportunity for them to spend time as families away from the Barracks making use of CleaUx'S fami and env4ronmenl, gaining hands-on experience of some of the crafts that are used to deliver PSTE. The Fold offer focusès on craft and land-based activities far young families and parents and genefftl well-being courses for ex-service people. The Fold continues lo attract funding lor th8 programm&s and ntsw has high quality resources for dèlivèring the programmes. Clorvaux RISE Clervaux RISE continues to provrde both a day and residential service, providing opportunttias for individuals (primarily adults) to engagè in spe¢ialist skills development and work or training opportunities beyond fomial education. This currently includes working in the ClervaLFX Café in Darlington, attending skills courses and worknng wth animals on the fami. Wrth the additiL)n of the new fami buildings, RISE participants will be able to lake part in a Spcial Enterprise ensuring a'seed-to- tabl8, experience for the excellent Clervaux Café & Bakery and operating a suc¢e55ful box scheme. The aim is for the RISE proyramme lo grow to 12 residents over the next 12 months, whilst continuing to develop the physical infrastructure of thè site and landscape. There is a strategic focus lo market and grow Rise provtsions across Ruskin Mill Trusl STATEMENT OF TRUSTEES RESPONSIBILITIES The Trustees (who are also directors Df Clervaux TTUSt Limited for the purposes of company lawl are $pon5ible for preparing the Trustees, Annual Report and the Financial Statements in accordance tti appli¢abl¢ law and United ngdoM Generally Accepted Accounbng Practicé {Unit8d Kingdom Accounting Slandardsl-
CLERVAUX TRUST UMITED Company law requires the Trustees to prepare fInarla1 statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they aTe satisfied that they give a true and fair view of the stale of affairs ol Ihe ¢harit8ble company and of the incoming iesourc¢s and application of resources, including the income and 8xpenditur&. of the charttable cornpany for that period. In preparing these financial 5tstements. the ttustees are required to.. select suitable accounting poiicies and then appty them consisl¢nlly', observe the methods and principles in the Chanties SORP IFRS 102).. ake judgments and estimates that are reasonable and prudent., state whether appli¢ablv UK accounting standards have been followed, subject to any materi81 departures disclosed and explained in the financial $lalements- and prepare the financial statements on the going concern basis unle88 (( is inappropriate to presume that the charitable company wll continue in business. The Iru$lee$ are fe8pon8ible for keeping adequate ac¢ounling records that are sufficlenl io show and explain the charitsble Company's Iiansaclions, disclose with reasonable accuracy al any time the ffinancial position of the charitable company and enable them to ensure that the financial statements mply with the Companles Act 2006 and the provisions of the Gharty's constsiulion. They are also responsibl& for safeguarding the assets ofthe charity and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularities. Provlslon of infomiation to Auditor Each of the persons who are trustses al the time bvhen this Report of the Trustees is approved has ¢onfimed that.. so far as that Iruslee is ayrare, there15 no relevant audil inforMatn of ch the charitsble cornpany's auditor is unaware., and that trustee has taken all the steps that oughl lo have been taken as a Iiustee in order lo be aware of any informalion needed by the charitable company's auditor in connection with preparing rts report and to establish that the Gharilable Gompany's auditor is aware of that infomith"on. Qualifylng thlrd party Indomnlty provSslon$ Trustees, indemnty insLtrance, IndemnKylng each directOT against Ik7bilty to third partyes. has been in place throughout the year ended 31 August 2022 and up lo the dale of 8PPToval of this report. Auditor The auditor. Grant Th¢mttsn UK LLP. wll be proposed for reappointment at Ihe Annual General Meeting. In preparing this report, the Iru5tee5 have taken advantage of the small compani*s' exemption8 provided by SeGlion 415A of the Companies Act 2006. Approved by the twstees on 27 March 2023 and signed on their behall by.. Helen Kippax Trustee
CLERVAUX TRLIST UMITED INDEPENDENT AUDrfoR'S REPORT TO THE MEMBERS OF CLERVAUX TRUST LIMITED Opinion We have audited the financial statements of Clervaux Trust Limited Ilhe'¢harilable company'l for the year ended 31 August 2022, which comprise the Statement of Financial AclNities (Nel Income and Expendf(ure Accoijnll, the Balance Sheet. the Cash Flow Statement and notes to the financial Stslements. including a summary of significant a¢¢csunting poltcies. The financial reporting framework that has been applied in thfjir preparation is applicable law and United Kingdom A¢¢ounling Standards including Finan¢ial Reporting Standard 102,. The Financial Reporting Standard appluble the UK and Republic of Ireland (United Kingdom Generally Acceptèd Accounting Praclicel. In our opinion, the financial 8talements-. give a true and fair view of the stale of the charitable company's affaiTS as al 31 August 2022 and of its incoming resources and application of resources including, ils inwme and expenditure for the year then ended", have been property prepared in accordance with Urited Kingdom Generalty Accepted Accounting Practl¢e.' and have been prepared In accordance wilh the requirements of the Compani88 Act 2006. Basis for opinion We have been appointed as auditor under the Companies Act 2006 and report in accordance wth regulations made under that Act. We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs IUKI) and applicable law. Our responsibilities under those standards are further described in the 'Auditor's responsibilities for the audit of Ihe financial ststemenls section. of our report. INe are independent of the Gharitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including thè FRC'S Ethi1 Standard, and we have fulfilled our other ethical responsibilities in accordance wlh these qUireMents. Vve believe that the audit evidence we have obtainéd 1$ sufficient and appropriate lo piovrde a basis fr>r our opinion. Coneluyions relatlng to golny ¢onGom We are responsibie for concluding on the approprlaleness of the trustees. use of the going Concern basis f)f aGGounting and. based on the audié evidenc8 obtained, whether a rnaterial uncertainty exist$ related to events or conditions that may cast $ignifi¢ant doubt on the charitable company's ability to continue a5 going concem. Ifwe conclude that a material uncertainty eMsls, we are required to draw attention in our report to the related (tisclosures in the financial stsl¢m¢nts or, if suGh disdosures are inadequate, lo modify the auditorfs opinion. Our cLClUsionS are based on the audit evidencè obi8ined up lo the dale of our report. However. fulure events or conditions may cause the company to cease to conlinue as a going oncem. In r evaluallon of the trustees, conclusions. we ¢onsidered the inherent ri8ks associated wth the charitable company's busines5 model induding effects arisin9 from ma¢rfreconomic uncertainties such as the cost of living crisis, we assessed and challenged the reasonableness of estimates made by the trustees and the related disclosures and analysed how those risk$ might affect Ihe charitable company's financial resour or ability t¢ continue ¢perations over the going conc8m period. In auditing the financial statemÈnls. we have concluded that the trustees, use ofthe going concern basis of accounting in th8 preparation of the financial slalements is appropriate. Based on the worf( we have perforwned. we have not identified any material uncertalntles rélallng lo evènts or conditions that, individually or colle¢tivety, may fjast signifiGant doubt on the charitable company's abilty lo continue as a going concern for a period of al least I1ve months from vthen the finarKial slatement3 aTe aulhorised for issue.
CLERVAUX TRUST UMITED Our iesponsibilf(ies and the responsibifilbes of (he directors respe¢t lo going concern are describe(l in the levanl seth.ons of this r¢p¢)rt. Othgr Infomiatlon The other infotmalion Gomprises the information included in the Trustees, Report, other than the financial statements and our auditorfs report ihereon. The trustees are responsible for the other infom8tion contained vthhin the Trustees, Report. Our opinion on the financial statements does Th)1 cover the other information and, ex¢ept to the extent othetwise expliciuy staled in our report, we do not express any forni of assurance conclusion Ihereon. Our responsibility is to a the other informat and, in doing so, considei whether the other information is materially inconsistent wilh the financial ststements or our knowledge obtained irn the audil or olhwmse appears lo be materially misstated. If we identify such material inconsistencies or apparent material misststements, we are required lo delermine whether there is a matellal misslalement in Ihe financial statements themselves. If. based on the work we have performed, we conclude that Iheie is a material mi8sl8lemenl of this other informatK)n. we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companles Act 2006 In our opinion, based on the wt)rk undertaken in the course of the audit.. the information gwen in the Strategic Report and the Directors, Report. Ptepaied for the purposes of company law, included In the Trustees, Report for the financial year for which the financial statements are prepared is consistent with the finan¢ial $latements. the Strategtc Report 8nd the Directors, Report included in the Trustees. Report have been prepared in accordance with applicable legal requirements. Matt¢r On which we are required to report under the Companles Act 2006 In the light of the knowtedge and understanding of the chaJitsbl@ company and its environment obtained in the course of the audit, we have ntst identified material misstatements in the Strategic Report or the Directrjrs, Report induded in thè Tru8tee8' Report. Mattgrs on whlch we are required to report by oxceptlon Vve have nothing to report in respect of the following matters in relation to lch the Companies Act 2006 requires us lo report to you If, Sn our oplnion.. adequate accounting records have not been kept. or returns ad8quat8 for our audit have not bèen recewed from branches not visited by us.. or the financial ststements are not In agreement with the accounting records and relurns,- or • certain disclosures of tmslees, remuneration specffied by law are not made., or • w8 hav$ not receNed all the information and explarTrations we require for our audit. Responslbllltl•s of tru5tee¥ As eX[alne more fvlly in the Slalemerbt of Trustees. Responsibilities, the trustees (who are also the directors of the charitable Company for the puiposes of Gompany lawl are responsible for the preparation of the financial statements and for being satisfied that they gTve a true and fairviÈw, and for such irtlernal ontrol as the trustees detefmlne 18 necessary lo enable the preparation of financial statements that are free from material misstatement, whether due to fraud or 8rror.
CLERVAUX TRUST LIMITED In preparing the financial statements. the trustees are responsible for assessing the ¢haritable company's ability to continue as a going concern. disclosing, as appIable, matters related 10 90ing concem and us#ig the going concern basis of ac¢ounting unless the trustees eilhei intend to Ilquidale the charitable company OT to cease operations, or have no realistic allemative but to do so. Audltorfs responslbllltles for the audtt of thè flnan¢lal statsments Our objective5 are to obtain reasonable assurance aboLrt whether the financial statements as a whole are frèe from material misslalemenl, whether due to fraud or error. and lo issue an auditor's report Ihat includes our opinion. Reasonable a$surance is a high level of assurance but is not a guarantee that an audit conducled in accordance with ISAS {UKI wll ahmays deled a mateaal mis51alemenl when it exists. Misstatements Can arise from fraud or error and are considered malerfai If, Sndlvldually or In the aggregate. they could reasonably be expected lo influence the economic decisions of us8rs taken on the basis of these financial Statements. Irregularities, induding fraud, are instances of non-compliance with laws and gUlatiOns. The extent to which our procedures are capable of deleGting irregularitses, incSudin9 fraud. is detailed below.. We obtained an understanding of the legal and regulatory frameworks that are appllcable to the ¢haTilable company and the sectoi in which il operates. We determined that the followng laws and Tegulalions were most snIan1' The Financial Reporting Standard applicable in thè UK and the Republic ol Ireland {FRS 1021, Charitie5 SORP IFRS 102}, the Companies Act 2006 and Charities Act 2011.. We underslotsd how the charitable company 15 complying wlh these legal and regulatory frameworks by maknng inquiries of management and those charged with governance. We enqUId of management and those charged wtih governance whether there were any instances of non-compliance th laws and regulations. or whether they had any knowledge of actual or suspected fraud. We corroborated the results of our enquiries through our review of board and other minutes and through our legal and professlonal expenses review. We assessed th¢ susceptibility ot the charitable company's financial statements lo malerfal misstatement. including how fraud might occur and the risk of Materi override of ntrol$. Audit prodUreS perform8d by Ihe engagemÉnt tèam included- Identifying and assessing the design effectiveness ol certain controls management has in place lo prevent #nd delect fraud Challenging assun)plk*ns and Judgements made by management In its significant accounting polie4es Identifyin9 and testing journal entries. V4ilh a focus on manual postings. journals that dlrectiy impacted on the surplus reported in the Statement of financial activitses and journal entries posted in the closing and accounts preparation period Identifying and testing Telaled party Iransaclions lnspeth.ng the board and other committee minutes Assesslng the extenl of compllance th the relevant laws 8nd gUlationS as part of our procedures on the related financial statement item These audit procedurès wer8 designed trj provide reasonable assurance that the financial Statements were free from fraud or error. The risk of not detecting a material misstatement due to fraud is higher than the risk of not.detecting one resulting from error and dete¢ting iNegularities that result from fraud 1$ inherently more drffieull than detècting those that rèsult from error, 8$ fraud may invofve ¢ollusion. deliberate concealment, forgery or intentional mIspreSentatiOns. Also, the fvrther removed non- compliancé wth jaws and règulafions 1$ from events and Iransa¢lion$ refiecleLI in the finallcial slalemeFIts, the less likely we would become aware of it.,
GLERVAUX TRUST LIMITED Assessment of the 8pproprialene$s of the collective competence and capabilities of the engagement team included consideration of the engagement team's-. understanding of, and pra¢tical experience with audit efigagements of a similar nature and complexity through appropriate training and participation knowledge of the charity, education and carè sector undetstsnding of the legal and regulatory requirements sPeCrf lo ¢haritable ¢ompany including.. the provisions of Ihe applicable legislation guidan¢e issued by the Charities Comrni55ion. The team communications in respect of pol¢ntial non<ompliance with relevant laws and regulations included the potential for fraud in revenue thmugh manipulation of income and management oveIde of Controls", and In assessing the pot8ntial risks of material mi$¥tatement. we obtained an understandin9 of.. the chaTitable company's operations, including th8 nature of ils income and expenditure and its setwces and of its objectives and strategies lo understand the classes of transactions. account balances, expected financial gtalernenl disclosures and business risks that may result in risks of material misstatement. the charitablè ctsmpany's control environment, including.. the policTes and procedures implemented by the charRable company to ensure ¢ompllance the r8quir6m8nts of the finan¢ial reporting frawnework relevant laws and re9ulalKJns the adequacy of procedures for authorisation of tran$8¢1ion8 and review of management accounts procedures to ensure that PolbIe breache5 of IJNS and regulatsons are appropriately resolved. A further description of our responsibilitie$ for the audit of the financial statements is located on the Financial RetIng Council's website 41.. www.frc.org.uklauditorsresponsibililies. This description fomis part of our auditorfs reporL Use of our report This report 18 made solely to the charitable company's members, as a body. in accordance wth Chapter 3 of Part 16 of the Companies Ast 2006. Our audit work ha5 been undertaken so that we might state to the haritable company's members those matters we are required to stale lo them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitsble company and the charitable company's members as a body. for our audit work, for this report. or for the opinions we have fom*d. ¥ -r-_ kn J- Iliam Devitt esc FCA OChA Senior Statutory Auditor for and on behalf of Grant Thornton UK LLP Stalulory Auditor. Chartered Accountants Birmingham Dat8.' 28 March 2023 io
CLERVAUX TRUST LIMITED STATEMENT OF FINANGIAL ACTMTIES INET INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2022 Tot•1 Funds Yoalto 31 Au9USt 2C122 Tot8lFunds Year to 31 Augusl 2021 Unrostrlct8(1 Funcls Roslrlcted Funds Notss INCOME FROM: Donations Charhable a¢livllle$ other trading activities Investment income 100 837,022 31.942 4.375 22,928 23,028 837,022 31,942 4,375 6,500 676.445 18,446 TOTAL 873 439 22.928 896 367 701391 EXPENDITURE ON: Raisin9 fund$ Charrtable acliviti8s {851.905) 128.406) 1880.311) 1871.7491 TOTAL 851 905 880,311 871.749 NET INCOME AND MOVEMENT IN FUNDS 170,358 RECONCILIATION OF FUNDS Total fund$ brought forward 17 Total lunds ¢arrled fonvard 17 271.099 249 $65 228.016 211960 57.658 228,016 37.605 The noles on pages 14 to 27 form part of the¥e financial statssmonts.
CLERVAUX TRUST UMITED BALANGE SHEET AS AT 31 AUGUST 2022 REGISTEREO COMPANY NUMBER: 04295400 Nots$ 31 August 2022 31 Augiist 2021 FIXED ASSETS.. Tangible assets 112.927 72.161 CURRENT ASSETS". Debtors Cash at bank and in hand 11 290.400 214.130 504.530 317,621 98,646 416,267 LIABILITIES.. Cre(litors lalllng due thIn one year 12 {829,417} 16,443 NET CURRENT LIABIUTIES 1324,8871 (300,1781 NET UABILITIES 1211.9601 1228,016) FUNDS Uniestricted funds Restrtcled funds 1249.565) 37.605 {211.960) (271,0991 43,083 {228.0161 17 The ffinancial statements have be8n prepared in ?rdance with the Companies Act 2006. Th8 financig15tatements weie approved by the Board of Trustee8 on 27 Mah 2023 and were signéd on its behalf by.. Helen Kippax Trustee Tho not•$ on pag8s 14 to 27 form part of these financial $latements 12
CLERVAUX TRUST LIMITED CASH FLOW STATEMENT AS AT 31 AUGUST 2022 REGISTEReD COMPANY NUMBER: 04295400 Period to 31 Auguyt 2022 Pèrlod to 31 August 2021 Noto Cash flows from operating aCtilIeS. Net cash provided by operating actlvltles 15 170 694 Cash flows from investing activities Investment income Purchase of tangible fixed assets Net cash used In Invostlng a¢i)vities 4.375 159.5851 55.210 18,989} 8,989 Change In cash and¢ash equfval•nts in the repong period Cash and cash equfvalents at the beginning of the portlng perlod Cash and cash equlvalents at the end of the reportinyperi¢ 115.484 36.742 61.904 214.130 98.646 Tho not8s on pages 14 to 27 fomi p8rt of these fin8nci818tat8m8nts
CLERVAUX TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 ACCOUNTING POLICIES Legal statu5 of thè Gharity CIÈTvaux Tiust Limited Iclervaux) was incorporated In England and Wales as a company mited by guarantee (registered no. 04295400) and has no $hare.¢apital. The liability of mgrnbor8 in the event ol windin9 up is limiltrd to an amount not exceeding £10 p8r mètnbèr. th8 number ol members a5 at 31 August 2022 wa5 three. Clervaux is also r•gist8r8d as a charity with the Charity Comrnission {re9islered no. 11430331. Reglstered and prlnclpal otc8 The re9l$tered office of Clorvaux is Ruskin Mill, Millbottom. Nailsworth. Stroud. Gloucestershire, GL6 OLA. The prinapal office of Clervaux is Clow Back Centr8. Jolby Lane, Dathngton. DL2 2TF. Basis of a¢¢ounting The financial st8t8m8nts have been prepared in accor(lance with Accounting and Reporting by Charities." St8temerbt of Recommended PractlC8 applicable to charities preparing their accotjnts in 8ccord8nce with the Financial Rewrtino Standard applicable in the UK and Repubfic of Ireland IFRS 102} leffective 1 J8nU8ry 20191- ICh8riti88 SORP {FRS 102)) and the Financial Reportino Standard applicable in the UK and Republic of Irelantl IFRS 1021. The financial statements have been prepared under the historical cost convention. The finan¢i81 statèrn8nts ar8 presented in sterling {£} whi¢h 1$ thefun¢tional (lOf the charity. Clorvaux Trust Limited meetsth8 definition of a public benefit entity under FRS 102. Going concern The charitable company mo8ts its financing requirement throughfunding provided by other gfOUP companie8. and Ruskin Mill Trust Limitèd. Worklng 8long8ide Ruskin Mill Trust Limited. robust buduets are set, and the adual Spend again$t these budgets is analysèd on a monthly basi5 by both the ExecutlV8 Team and the Board of Truste8s Finance Sub-Committe8_ The lull Board also re¢eives the monthly management accounts antj reviews thèm on a two4nonthly cycle. The charit8ble company is cutrently negotialing fee incr8ases wf(h local authorities to mibgat8 the impact ot inflation on exp8nditur8_ The group. headed by Ruskin Mill Trust Limited, has substants.al net *558ts. Furthermore, Ruskin Mill Trust Limited has provided as8uran¢es that group financial support will be provitled lo Clervaux Trust Limiled as rgquirgd. Thgr? are therefore no material unc6rtainties surrounding the going cfjncern statu5 of Clèrvaux Trust Limited. After maklng detailed •nquiri8s and taking Ènto account the faclors di$¢ussed above. the Board is confident that the charitable comp8ny has ade4uate Scope to continue its operational ¢xist•nce for the fores88ab18 futur8. There are no malerial uncertainties surroundin9 90in9 contt8rn and accordingly th8 charitable company continue5 to prepare the financFal statements on a going ¢oncom basi$. 14
LERVAUX TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 ACCOUNTING POLICIES ICONTINLIEDI Fixed assets and depreciation As$ets with a below £590 are not capitalised. Depreciation is provided at Ihe following annual rates in order to write off each asset over its estimated useful life= Equipment Fixtures and fittings Motor vehicles - 250A pa 25D/¢ pa -25%pa straight line straight line stravJht line Income Donalons are credited tts revttnue whèn the ehaiitable company has èntitlèment to th¢J filnds, any performance conditions attachèd to thè itèmlsl of incom8 hav8 beèn mÈt. it Is probable that the Income will be rècoivod. and th8 amounl can bè mèasured reliably. Income from charitable and other trading aclivities Is aecounted for in th8 period in which the income 1$ eamed. Invtrstment incomo is accounted for on accwals basis. Cash and cash equivalents The cash and cash equivalents of Clervaux Trust Limited. currently comprises of cash in hand, b¥nk deposit5 and short-term deposits net of bank overdrafts. Expenditure All expendityre 1$ accounted for on an accwals basis and has been classified untler headings that aggregate all costs related to the category_ Wh6re costs cannol be drr8CtIy attributed to particular headin9S, they have been allocaletl to a¢tivitie$ on a basis consistent wth the use of resources. Governance costs include consultancy. leg818nd audit f888. Tgmiination paymgnts Term4iation payments are a¢¢ounl•d for as st)on as thè charitabl• company is awar• of the obligation to make the payment. Pan81on costs The charitable company contributes to a deffined ¢ontsibLrtion schtsmè. Amounts paid in relation to this scheme arè chaigBd to the StatÈment of Financial Activities whEn they fall due. All ponsion costs are allocat8d to unrestricted funds. D•btors Short teirn d8btors are initially measured at transaction pri, less irnP3srment. Prepayments are measured at thè amount prepaid. Credltor* Crèditors and provisions are recognised wheTe the chaiity has 8 present obligation resulting from a past evenl that will probably result in the transfer of funds to a third party and the amount due to setlle the obligation can be measured or estimated reliably. Cieditors and provisions are recogni5ed at their 58ttl8m8nt amount after allowing for any trad8 discounl$ due. 15
CLERVAUX TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 ACCOUNTING POLICIES (CONTINUED) Funds Llrbrestricted funds can be used in accordance with th8 charitable objectives al the iscretion of th8 Trustees. Reslrictod funds can only be used for particular restricted purposes thIn1& objects of the charity. Reslriclions arise when specified by thts donor or when funds are raised for parti¢ular r•$t¥iet8d purposes. Further explanation ol the nature and purpose of each fund Is Included In note 16 of those nanclal statements. FlnanclaT Instruments Clervaux only h8s financial assèts and fn3ncial li3bilitie5 of a kind that qualify a$ ba81 flnanclal instruments. Basic financial instruments are inrtiolly recognised at transaction value and subsequently massuied at their settlement value. P18ase $oe note 14. Signlflcant astimatss and judgements Estifflate5 and jULlgements are continually 8valualed and are based on historical experien¢e and oth81 faclois. including expectation5 of fulure events that are believed to be Teasonable under th8 circum$tan¢e8. The items in the finan¢ial statements wher• ths8 estimat8s and judg8m8nts have been made i1lUde the following.. U$•ful ¢¢onornic lives of tanglble assets The annual d8preci8tion charges for the tangible assets ?r8 sensitive to changes in the estimated useful economic lives and r88idual values of tho assets. The useful economic lives and residual valu88 are re-assessed annually. They are amended when necessary to reflect current 85timates. bas8d on onoMiC utilisation and the phy51¢al condition of the as$et$. Impairniont of debtors Clervaux Trust Limited m3ke$.an estimate of the recoverable value of trade and oth8r debtors. When a55essing Èmpaimi8nt of fee and other debtor$, management considers factors incltjding the ¢urr&ni credlt rating of the debtor, the 8geing profile of debtots and historical experience. Operatlng 18a50s Rentals applicable to OP8rating lea$e8 where Substantially all th• benefits and risks of ownership remain with the lessor aro Charged to the Statemenl of Financtal Activities on a straighl-line basis over th8 temi of the lea$e_ Lease incentives ar8 recognised over the life of the 188se on a $traight- l i n e basis as a reduction to the exp8ns8. Taxation The company is a reglstered ch8rtty and as such Is antilled to tax •xèmption on all its income and gains, properly applied for its charitable purposes. VAT Irrecov8rable VAT is charged as a cost against tho a¢VIty for whl¢h th• expenditure was incurred. 16
CLERVAUX TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR to 31.8.21 TolalFunds Year to 31.8.21 Unrestrfcted Fund5 Restricted Funds Notes INCOME FROM: Donations Charitablè activldes Other trading aetiviti¢s Inv88tment in¢ome 6.500 6,500 676,445 18,446 676,445 18,446 TOTAL 694 891 701 391 EXPENDITURE ON: Charilable activities 1867.661) {4,0881 {871.7491 TOTAL 867 661 871749 NET INCOME AND MOVEMENT IN FUNDS 172,770 170,358 RECONCILIATIONOFFUNDS Total funds broughtforward 16 L98,329J 271,099 40,671 57.658 Total funds carrled forward 16 43.083 228016 17
LERVAUX TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 INCOME Yoar to 31 August 2022 Yearto31 August 2021 Donation income 23.028 6,500 Charitable activities Fe8$ 783,487 621,860 other 54,586 676.445 837,022 Other tradlng actiVTties Café & bakèry sales Farm sales Mi$ce118neous 1561 16,901 1,600 25,716 6,226 31,942 18.446 Inv•stmont income Rents received 4.375 TOTAL INCOME 896,367 701391 EXPENDITURE Dlrect costs (Sèe Note Support costs (See Note6) Year to 31 August 2022 Year to 31 August 2ts21 haritable activities Provision of educatlon services 582.024 298,287 880 311 871,749 TOTAL EXPENDITURE 582,024 298,287 880,311 871,749 18
LERVAUX TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 OIRECT COSTS OF CHARITABLE ACTIVITIES Year Ended 31 Augilst 2022 Y88r End8d31 August 2021 staff Costs Independent workers Training and weffare Plect costs Houstshold costs Mtslor and tr8n$port GovrCe 407,659 101,918 7,667 2,500 48.833 11,350 Z,097 383.226 78,516 9.147 22,028 59,431 10,6T1 12.3601 582 024 SUPPORT COSTS Total Year to31 August 2022 Flnancg Othgr D8proclatton Provision of edu¢atlon servlces 279,468 18.819 298.287 Totaj Year to31 August 2021 Financ Other DepreclBtlon Provision of education servic8S 294.078 17.012 311,090 19
CLERVAUX TRUST LIMITED NOTES TO THE FINANCIAL STA TEMENT8 FOR THE YEAR ENDED 31 AUGUST 2022 NET INCOME Net In¢om• 1$ stated after charging: Year Ended 31 August 2022 Year Ended 31 August 2021 Auditorfs remuneration for th8 provlsion ot. Statutory audt Operating lease payrnents Depreciation- owne<l assets 6.500 121,814 18.819 s,ooo 104,833 17,012 STAFF COSTS Ygar End¢d 31 August 2022 Year Ended31 Augusl 2021 Staff Costs: Wages and S8rIes Social 58curity costs Pension costs 359.160 41.992 6,507 341,529 36,966 4.730 407,659 383,226 Th8 monthly avera9e head¢ount numb8T of employ888 during the p8ri0d was 88 follow8= Year Ended 31 August 2022 Year Endgd 31 August 2021 Ca. support anLI administralion Management 14 14 15 16 No key man8g8ment P8rsonnel welved remuneration in the current or previous period. No 8mploy&e$ recelved emoluments in exc855 of £60.000 in the current year {2021." None). 20
CLERVAUX TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 TRUSTEES. REMUNERATION AhlD BENEFITS No Trustees re¢e¢ved remuneration in the current or previous pg*iod. No Trustge expenses were roimbur5ed in the current or previous period. 10. TANGIBLE FIXED ASSETS Equipment Fixtures and FitUn9$ MotorV•hicl8s Totals At 31 Augusl 2021 AdthliE>ns Disp05als At 31 August 2022 88.097 11,514 254.935 11.826 3,877 S9,585 36.245 266.761 50,090 416.462 Depre¢latlon At 31 August 2021 Charge for the year Disposals At 31 August 2022 72.907 12.194 2QO.130 5,307 11,679 1.318 284.718 18,819 205A37 303 NBV At 31 August 2022 Al I Sepfember 2021 54,805 2.166 DEBTORS: AMOUNTS DUE WITHIN ONE YEAR Year Ended 31 August 2022 Year Ended 31 August 2021 Trade Debtors Amounts due from group undertakin9$ Prepayments Other Debto¥s 271.7S2 286,474 9.420 9,009 12,718 6.202 12,446 290.400 317621
CLERVAUX TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 12. CREDITORS: AAIOUNTS FALLING DUEWITHIN ONEYEAR 31 August 31 August 2022 2021 Trade creditors other ci8dttor8 Amounts owed lo par8nt undertaklng Social strcurty and other taxes VAT A¢cYual$ and d•ferred income 38,055 2D.801 716.184 13.112 41.265 31,997 14,392 574.988 10.283 51.354 33,431 829A17 716,443 Inclufled within amounts owed to group undertakings is an interest free loan of £716.18412021.. £574.988) from Ruskin Mill Trust Limited. The loan is due lo be repaid by 31 August 2023 and as such no discounting has b8èn appk"e(l on the grounds of materiality. 13. OPEFAMNG LEASE COMMITMENTS At the period ond the ch8ritabl8 company had total Gommmmenls due under non<an¢ellable opgiating 188se8, for it8ms of eqtjipment only, as sgt out below.. Yèar Endèd 31 August 2022 Year Endod 31 Augusl 2021 Operating Lease commitments du•.. Wrthin 1 year Wrthin 2- 5 years 136,871 165,741 96.622 99.632 302 812 196254 22
CLÈRVAUX TRUST UMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 14. FINANCIAL INSTRUMENTS 31 Augus 2022 31 August 2021 Financial assets measured at Settlement value FSnancial liabil165 measured at Sgttlement value 498,327 775 039 407.258 654,808 Financial as$•ts m*asur8d at Settlement valu8 comprisè c8sh. trade debttsrs. other debtors and amounts duè from group undekIng$. 15. RECONCILIATION OF CASH FLOWS FROM OPERATING ACCTIVITIES 31 August 2022 31 August 2021 Netmovement in funds Investment inGome Oepreaation Decreasel{increase) in debtors Increase In credllors 16,055 {4,3751 18,819 27,221 112,974 1170.358) 17,012 1146,0381 345.115 Net cash provlded by oporating activiLres 170.694 45.731 23
CLERVAUX TRUST LIMITED NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 AUGUST 2022 16. RECONCIUATION OF MOVEMENT IN FUNDS A131 Aijgusl 2021 At31 August 2022 Incomo Expgnditurg Unrestbl¢t•d fvnd$ General fund {271,0991 873N39 1851.9051 1249,5651 Restricted funds YO Resident So¢iety 1,000 11,0001 Fri8nds of Clervaux 13.970 13.970 Atmed Forces Covenant 2,789 2.679 CFeNaux Development- The Fold Military Greon Woodwo¢k Course 14,361 151 1d.356 3,821 5A12 (9,3331 DefibrdLqtors loo 100 Covld-19 Donations 542 3.500 1,000 2.000 16421 Holb¢ultu tool$ Sheep Hand SuMr camps Fokl Food for Future Picgramm8 walk Fridge Arnd Force$ Covenant Knrt & N8tt8r Group 3.500 1.000 12.0001 {4.9921 4,992 2.OOQ 9,424 1,000 2.000 19,4241 11.QlYII 43.083 22,928 128,4061 37.606 TOTAL 228,016 880.311 211.980 24
LERVAUX TRUST LIMITED NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 16. RECONCILIATION OF MOVEMENT IN FUNDS ICONTINUEPI York Re8idenl8 sety Monies received to be spenl on activllies and equlpment for York residents. This has now been spent on materials for sessions. Ff(ends of Clervaux Funds Provided for a Young Mums project. These activrties re- commence in the 22123 academi¢ year. Arnd Forces Covenant These funds have been provided to work alongside the armed forces in running summer camps and famity day5 On srte at Clervaux. A small spend in the year is for food supplied lo army families. CleNuax Dèvelopment- The Fold Betty's Tree8 for Lrfe- £3.813. This has been dontated 19 plant new hedgerows arKI bL¥ld a small por)d at The Fold. BFBS 8ig Salute- £6,500. This has been dontated to create an animal programme at The Fold. East Riding of Yofftshire- £7.896. This has been donated to purchase ttems lo kil out The Fold. Apprgximately £4.000 of this donation has been spent on the purchase of a wood burner and kitchén for thè sile. A donation was e1Ved from the ASDA Green Token Scheme for kitchen equipment at The Fold. Mlitsry- Green Woodwork Course Donations have been receiveil for Clervaux lo a Green Woodyrk ovr5e lo military families. All donations have been spent in the year on staffing and equlpment requlred to run the ¢JJTses. Defibrillators Donations are being received so Clervaux Can purchase 8 Defibrillatoi to be kept on sile. Covi&19 Donatrons The £2,000 donation from Hadrian's Trust is now being used. Clervaux Trust Is supplying veg boxes to NHS staff. Donation of £400 was given lo purchase PPE equipment for sile. Additional PPE had been pur¢hased within the year. Horttculture tools County Durham Community Fund donated £3,500 for the purchase of horti¢ulture equipment. Sheep Handler CLA Charitsblè Tnjst donated £1.000 for the purchase of a sheep handler. Summer camps The Brother Jonathan Twsl has donated £2,000 to be used for summer camps. This has been spent on slaffing these courses throughout the year. 25
CLERVAUX TRUST LIMITELJ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 16. RECONCILIATION OF MOVEMENT IN FUNDS (CONTINUED) NEW DONATIONS RECEIVED Fdd Food for Future PmgTamme A donation of £4.992 from North Yorkshire County Council has been reiVed for a food of the future programme. This dcatiOn has been spent in ils entirety on staffing and equipm8nt ftsr running the programme. The Hadrian Trust have donated £2,000 towards 4 fiewwalk-in fridge at Clerv8UX. A donation of £9.424 has been received from the Amed Forces Covenant. This dation has been reGeived for a forces for change family day, this donation ha$ be@n spent on equipment and staffing for this. A £1.000 donatw)n has been reiVed from Noth Yorkshire County cour11 for a knit and natter group al The Fold. This has been spent on equipment and staffing to run the group. Vvalk-in FIge Amied Forces Covenanl Knit & Natter Group At31 Augusl 2020 Income EXpelIufe At31 August 2021 Unrestiicted Funds General Fund (98,3281 694.891 1867,th1} {271,0981 Re8tiicted Funds York Resident Society 1,000 Fwrends of Clervaux 13.970 13,970 Armed Forces Ci)venant 2,789 2,789 Cleffvaux D•v•loprnent- Ttte Fold 14.361 14,381 MiStary Green Woodwork Course 3.984 11631 3.821 D8fibrillaiors 100 Covk¥19 Donations 2.467 11.9281 542 Appk Juicè Past8urss8r 12,000 Hryli¢ulIu tools 3,500 3,500 Sheep Handlor 1.000 1,000 Summer Camp$ 2.000 2,000 40.671 8,$00 {4,0881 43,083 TOTAL 701,391 871,749 228 018 26
CLERVAUX TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022 17. ANALYSIS OF NET CURRENT LIABILITIES BETWEEN FUNDS 2022 Fixed Assets N8t Currant Liabilitie$ Fund Balan¢• Unr85trict8d funds Re¥lricled Funds 112.927 1362A921 37,605 1249.5651 37.606 112.927 211 960 2021 Unrestricted Funds 72,161 1343,2601 {271.0991 43,083 43.083 Re8lrthd Funds 72.161 228 016 18. ULTIMATE PARENT COMPANY AND CONTROLLING PARTY Ru8kin Mill Trust Limited Iregi5tered in England and Wales- company numb¢r.' 07252866 and Charity number: 1137167) ts th8 sole member and controlling party of CleNaux Trust Limited. The objects of Ruskin Mill Trust Limited include the advancement ol the edueation of young people with learning drfficulties andl or behavioral problems or spwal educational needs." th8 promotion of research into the pr8ctice and d8velopm8nt of those area5 of edu¢ation,' and thè protnotion of Rud0 Steiner 8dLJcation establishments. Tho eharitable company runs six spÈcial educational needs $¢hool6l¢olle9es. A copy of their financi81 statemènts can be obtalned from the Registrar of Companies. Comp2nies House, Crown Way, Cardiff, CF14 3UZ. 19. RELATED PARTIES During the current and prior year. the Executtve Chair was the director and sole corporata Trustee of Ruskin hAill Land Trust {RMLT). At Ihè year-end, there was a loan due frown RMLT of £nil P021.. £nil). No intertst is to be paid on this loan, and thère Ére no associated guarante8s or securities. Tre has also been purchases of £98.89312021.. £66,658), these puicha5es relate to the annual rental of th8 Clow Beck site as well as Bishop's House. The balance owing to RMLT at the year end was £6.906. 27