2020-08-31-accounts - Golden Grove Trust

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	Page
Report ofthe Trustees	1to 4
Statement ofFinancial Activities
Balance Sheet	6to7
Cash Flow Statement
Notes to the Cash Flow Statement
Notes to the Financial Statements	10to 18

			Balauce Sheet
		t	31tAt t 202tl
				2020	2019
		Notes		g	f.
FIXEDASSETS
Tangible assets		11		1,882/84	1,899,737
Investment property		12		586,394	563,084
				2,468,978	2,462,821
CURRENT ASSETS
Debtors		13		25,955	20,083
Cash at bank					32
				25,955	20,115
CREDITORS
Amounts falling due within	one year	14		(210,679)	(89,392)
NET CURRENT
ASSETS/(LIABILITIES)				(184,724)	(69,277)
TOTAL ASSETSLESSCURRENT
LIABILITIES				2,284454	2,393,544
CREDITORS
Amounts falling due after more than one
year		15-16		(664,475)	(690,700)
NET ASSETS/(LIABILITIES)				1,619,779	1,702/44
FUNDS		17-18
Unrestricted funds Restricted funds				(180,035) 1,799814	(119,147) 1,821,991
TOTAL FUNDS				1,619,779	1,702/44

			Cash Flow Statement
		for the	Year Ended 31Au	st 2020
					2020	2019
			Notes
Cash flows from operating	activities:
Cash generated from opemtions					(48)	(33,869)
Net cash (used in)/provided	by operafing
activities					(48)	(33,869)
Cash flows &om investing activities:
Purchase oftangible fixed assets Saleoftangible fixed assets					(1,180)	(7,745) 641
Improvements to investment	property				(23,310)	(1,250)
Net cash (used in) investing	activities				(24,490)	(8,354)
Cash flows from financing activities:
New loans in year Loan repayments in year					14,475	725,000 (352,683)
Net cash provided by/ (used	in) financing
activities					14,475	372,317
Change in cash and cash equivalents		in the
reporting period Cash and cash equivalents at ofthe reporting period	the beginning				(10,063) 32	330,094 (330,062)
Cash and cash equivalents at	the end ofthe
reporting period					(10,031)	32

						2020	2019
	Net income/(expenditure) for	the reporting			period (as per the
	statement offinancial activities)					(83,065)	(130,434)
	Adjustments for:
	Depreciation charges					10,833	10,382
	Revaluation oftangible fixed	assets				7,500	15,572
	Decrease/(increase) in debtors					(5,872)	143,853
	(Decrease)/increase in creditors					70,556	(73,242)
	Net cash (used in)/provided by operating			activities		(48)	(33,869)
2.	ANALYSIS OF CASH AND	CASH	EQUIVALENTS
						2020	2019
	Bank balance / (bank overdrafi	included	in		bank loans and
	overdrafts falling due within one year)					(10,031)	32

				2020	2019
	Donations			22	27
	Grants			8,695
				8,717	27
	Grants received, included		in the above, are as follows:
				2020	2019
					f,
	Government	Job Retention	Scheme	8,695
3.	INCOME	FROM CHARITABLE ACTIVITIES
				2020	2019
				g
	Arboretum admissions Car parking income Friends ofGolden Grove			1,116 1,937 885	1,495 1,382 608
	Firewood sales			69	75
	Film production income			63
	Miscellaneous income				121
				4,070	3,681

					2020	2019
						g
	Rent receivable (Cafe)				10,000	847
	Holiday lettings (East Lodge)				8,122	6,554
	Rent receivable (East	Lodge)				4,009
	Holiday lettings (West Lodge)				952
	Holiday lettings (Mansion)				380
	Interest receivable				46
					19,500	11,410
5.	CHARITABLE ACTIVITIES COSTS
				Direct costs	Support costs	Totals
				(Seenote 6)	(Seenote 7)
	Charitable activities			89,576	25,776	115,352
6.	DIRECT COSTSOF CHARITABLE ACTIVITIES
					2020	2019
	Operational salaries Legal &professional	fees			18,313 4,439	17,522 4,806
	Insurance				3,852	3,808
	Electricity				5,446	6,508
	Parks maintenance Building repairs &maintenance				364 8,554	1,389 10,679
	Bank loan interest				31,462	21,436
	Bank interest Bank and credit card charges				902 5,411	30,114 8,855
	Depreciation				10,833	10,382
					89,576	115,499
Z.	SUPPORT COSTS
					2020	2019
	Adminisnation and information		technology		25,263	28,400
	Governance costs				513	1,653
					25&776	30,053

		2020	2019
Auditors' remuneration
Other non-audit Depreciation -	services owned assets	500 10,833	1,500 10,382

		2020	2019
Wages and salaries Social security costs less National Insurance Other pension costs	Allowance 2018/19tax year	43,000 412 (3,000) 919	40,607 1,915 687
		41,331	439209

2020	2019
2	2

		machinery
	fmehold	and	playground
	property	equipment	equipment
	8
COST
At 1 September 2019	1,855,575	42,138	14,931
Revaluation	(7,500)
Additions	260	920
Disposals
At 31August 2020	1,848@35	43,058	14,931
DEPRECIATION
At 1 September 2019		29,315	2,986
Charge for year		6,587	1,493
Eliminated on disposal s
At 31August 2020		35,902	4,479
NET BOOK VALUE
At 31August 2020	1,848435	7,156	10,452
At 31August 2019	1,855/75	12,&23	11,945
		website and
	works ofart	signage	Totals
	I		f.
COST
At 1 September 2019 Revaluation Additions	16,639	11,919	1,941,202 (7,500) 1,180
Disposals
At 31August 2020	16,639	11,919	1,934,882
DEPRECIATION
At 1September 2019		9,164	41,465
Charge for year		2,753	10,833
Eliminated on disposals
At 31August 2020		11,917	52,298
NET BOOK VALUE
At 31August 2020	16,639	2	1,882,584
At 31August 2019	16&639	2,755	1,899,737

		~td tL d	E~tL	d
	NET BOOK VALUE
	At 1 September 2019 Improvements	277,360 23,310	285,722			563,082 23,310
	At 31August 2020	300,670	2S5,722			586,392
	The properties were valued, as loan security, by an independent 5550,000in total before the 2020 renovation ofWest Lodge.		valuer	on	12August 2019at
					2020	2019
	Investment in subsidiary company:	2 shares at Xl			2	2
13.	DEBTORS:AMOUNTS FALLING	DUE WITHIN ONE YEAR
					2020	2019
	Amount owed by subsidiary company Other debtors tk prepayments				25,300 655	g 15,185 4,898
					25,955	20,083
14.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE		YEAR
					2020	2019
	Trade creditors Other creditors and accrual s Social security and other taxes Bank interest Bank loans and overdratts (see note 16) Trustee's loan account				22,423 10,634 2,051 29,082 85,031 61,458	33,809 16,660 4,623 34,300
					210,679	S9+92

An analys	is ofthe m	aturity ofloans isgiven below:
			2020	2019
Amounts	falling due	within one year:
Bank loan			75,000	34,300
Bank overdraft			10,031
			85,031	34,300
Amounts	fidling due	between two and five yearst
Bank loan			185,000	180,300
Welsh Government		Economic Resilience loan	10,000
			195,000	180,300
Amounts	falling due	between six and fourteen years:
Bank loan			469,475	510,400