2022-12-31-accounts - Walesby Forest

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			Page
Chairman's Report		1	to	2
Chief Executive's Report
Report ofthe Trustees		4	to	7
Report ofthe Independent	Auditors	8	to	0
Statement ofFinancial Activities			10
Balance Sheet
Cash Flow Statement			12
Notes to the Cash Flow Statement			13
Notes to the Financial Statements		14	to	22
Detailed Statement ofFinancial Activities		23	to	24

	for	the Year End	ed 31December	2022
					2022	2021
			Unrestricted	Restricted	Total	Total
		Notes	funds f	funds f	funds	fundsf
INCOME AND ENDOWMENTS	FROM
Donations and legacies		2	1,457		1,457	33,470
Charitable activities		4
Mixed Camping			172,402		172,402	188,679
Camp Fees and Activities			827,739		827,739	378,407
Catering			153,701		153,701	63,849
Ancillary Services			196,846		196,846	122,835
Other trading activities		3	89,835		89,835	80,447
Other income			6,000		6,000	126,056
Total			1,447,980		1,447,980	993,743
EXPENDITURE ON
Raising funds		5	108,193	1	108,194	55,367
Charitable activities		6
Charitable activities costs			1,169,154	8,419	1,177,573	705,339
Total			1,277,347	8,420	1,285,767	760,706
NET INCOME/(EXPENDITURE)			170,633	(8,420)	162,213	233,037
RECONCILIATION OF FUNDS
Total funds brought forward			623,307	85,565	708,872	475,835
TOTAL FUNDS CARRIED FORWARD			793,940	77,145	871,085	708,872

	31 De	cember 2022
				2022	2021
		Unrestricted	Resbicted	Total	Total
	Notes	funds f	funds f	funds f	fundsf
FIXEDASSETS
Tangible assets		739,115	61,145	800,260	843,372
CURRENT ASSETS
Stocks	12	14,597		14,597	13,932
Debtors	13	98,023		98,023	35,215
Cash at bank and in hand		646,498	16,000	662,498	520,451
		759,118	16,000	775,118	569,598
CREDITORS
Amounts falling due within one year	14	(398,559)		(398,559)	(386,078)
NET CURRENT ASSETS		360,559	16,000	376,559	183,520
TOTAL ASSETSLESSCURRENT LIABILITIES		1,099,674	77,145	1,176,819	1,026,892
CREDITORS
Amounts falling due after more than one year	15	(305,734)		(305,734)	(318,020)
NET ASSETS		793,940	77,145	871,085	708,872
FUNDS	18
Unrestricted funds				793,940	623,307
Restricted funds				77,145	85,565
TOTAL FUNDS				871,085	708,872

				~NII s F
				Cash Flow Statement
			for	the Year Ended 31December	2022
				Notes	2022f	2021 6
Cash flows from operating		activities
Cash generated from operations					205,474	394,635
Net cash provided by operating activities					205,474	394,635
Cash flows from investing		activities
Purchase oftangible fixed assets					(43,392)	(50,685)
Net cash used in investing	activities				(43,392)	(50,685)
Cash flows from financing		activities
Loan repayments in year					(18,924)	(17,518)
Capital repayments in year					(1,111)	(1,111)
Net cash used in financing		activities			(20,035)	(18,629)
Change in cash and cash		equivalents	in
the reporting period					142,047	325,321
Cash and cash equivalents		at the
beginning ofthe reporting		period			520,451	195,130
Cash and cash equivalents		at the end	of
the reporting period					662,498	520,451

	Notes to the Cash Flow Statement for the Year Ended 31 December 2022	Notes to the Cash Flow Statement for the Year Ended 31 December 2022	Notes to the Cash Flow Statement for the Year Ended 31 December 2022	Notes to the Cash Flow Statement for the Year Ended 31 December 2022
RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM OPERATING				ACTIVITIES
					2022f	2021f
Net income forthe	reporting			period (as per the Statement ofFinancial
Activities)					162,213	233,037
Adjustments for:
Depreciation charges					86,504	83,485
Interest paid					7,749	6,859
(Increase)/decrease	in	stocks			(665)	1,306
(Increase)/decrease	in	debtors			(62,808)	5,091
Increase in creditors					12,481	64,857
Net cash provided	by	operations			205,474	394,635
ANALYSIS OF CHANGES			IN	NET FUNDS
				At 1.1.22 f	Cash flow f	At31.12.22
Net cash
Cash at bank and in	hand			520,451	142,047	662,498
				520,451	142,047	662,498
Debt
Finance leases				(99,352)	1,111	(98,241)
Debts falling due within		1 year		(11,000)		(11,000)
Debts falling due after 1 year				(219,779)	11,175	(208,604)
				(330,131)	12,286	(317,845)
Total				190,320	154,333	344,653

ACCOUNTING POLICIES -	continued
Tangible fixed assets
Long leasehold	Straight line over 99years
Plant and machinery	33%on cost
Fixtures and fittings	33%on cost
Motor vehicles	25%on cost

in the notes to	in the notes to	the financial state	ments.
DONATIONS		AND LEGACIES
				2022	2021
				6
Donations and legacies				1,457	33,470
OTHER	TRADING ACTIVITIES
				2022	2021
Special	events			89,835	80,447
INCOME FROM CHARITABLE			ACTIVITIES
				2022	2021
			Activity	6	6
Mixed camping			Mixed Camping	172,402	188,679
Camp fees and activities			Camp Fees and Activities	827,739	378,407
Catering			Catering	153,701	63,849
Utilities			Anciliary Services	27,443	22,620
Bar			Anciliary Services	79,789	55,907
Walesby	Shop		Anciliary Services	89,473	43,003
Vending	machines		Anciliary Services	141	1,305
				1,350,688	753,770

RAISING FUN	RAISING FUN	DS	DS	DS
Other trading		activities
								2022f	2021 6
Retail and	providore			costs				87,220	43,786
Staff costs								20,974	11,581
								108,194	55,367
CHARITABLE		ACTIVITIES COSTS
							Direct	Support
							Costs (see	costs (see
							note 7)	note 8)	Totals
							5		9
Charitable	activities			costs			453,326	724,247	1,177,573
DIRECT COSTS			OF	CHARITABLE ACTIVITIES
								2022f	2021 F.
Electricity, Sundries	gas	&	water					64,463 17,620	45,543 3,866
Site maintenance			&	development				66,167	32,526
Rent								6,395	(4,130)
Sanitation								74,874	44,288
Site transportation			and		plant			12,554	10,468
Activities &sports equipment Catering cost ofsales Depreciation								56,694 68,055 86,504	27,951 27,286 83,485
								453,326	271,283
SUPPORT	COSTS
								Governance
						Management 9	Finance 6	costs 9	Totals f
Charitable	activities			costs		684,653	21,204	18,390	724,247
Support costs,		included			in the above, are as follows:
								2022	2021
								Charitable
								activities	Total
								costs	activities
								5	6
Wages Insurance								602,989 24,657	322,279 23,871
Telephone								25,823	20,287
Advertising Sundries								25,611 5,573	26,198 4,610
Finance costs								21,204	20,155
Accountancy								2,837	2,585
Audit								7,053	2,600
Legal and	professional							8,500	11,471
								724,247	434,056

STAFF CO		STS
					2022	2021f
Wages and		salaries			623,963	333,860
					623,963	333,860
The average		monthly	number ofemployees	during the year was as follows:
					2022	2021
Charitable	activities				36	21
Fundraising					1	1
					37	22

TANGIBLE FIXEDASSETS
	Freehold	Long	Plant and
	property f	leasehold f	machinery f
COST
At 1 January 2022	1,048,227	110,000	66,275
Additions	4,357		1,500
At 31 December 2022	1,052,584	110,000	67,775
DEPRECIATION
At 1 January 2022	346,668	10,648	62,234
Charge for year	62,340	1,111	4,143
At 31 December 2022	409,008	11,759	66,377
NET BOOK VALUE
At 31 December 2022	643,576	98,241	1,398
At 31 December 2021	701,559	99,352	4,041

TANGIBLE FIXEDASSETS - continued
	Fixtures
	and	Motor
	fittings f	vehicles 6	Totals 8
COST
At 1 January 2022	251,167	1,960	1,477,629
Additions	32,050	5,485	43,392
At 31 December 2022	283,217	7,445	1,521,021
DEPRECIATION
At 1 January 2022	213,400	1,307	634,257
Charge for year	17,914	996	86,504
At 31 December 2022	231,314	2,303	720,761
NET BOOK VALUE
At 31 December 2022	51,903	5,142	800,260
At 31 December 2021	37,767	653	843,372

Included in the above are assets	held	gnance leases or hire purchases	contracts. Leasehold	contracts. Leasehold	property
includes depreciation off1,111(2021 - f1,111)and net book value off98,241 (2021-599,352).
STOCKS
			2022		2021
			8		8
Stock for re-sale			14,597		13,932
DEBTORS:AMOUNTS FALLING	DUE WITHIN	ONE YEAR
			2022		2021
			6		6
Trade debtors			3,980		124
Prepayments			94,043		35,091
			98,023		35,215
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2022 6		2021 f
Bank loans and overdrafts (see note 16)			11,000		11,000
Hire purchase (see note 17)			1,111		1,111
Trade creditors			37,677		32,768
Taxation and social secuiity			16,697		12,192
Other creditors			332,074	329,007
			398,559	386,078

			W~lb F Notes to the Financial Statements -continued for the Year Ended 31 December 2022	W~lb F Notes to the Financial Statements -continued for the Year Ended 31 December 2022
CREDITORS: AMOUNTS			FALLING DUE AFTER MORE THAN ONE YEAR
					2022	2021
					6	K
Bank loans	(see note 16)				208,604	219,779
Hire purchase (see note 17)					97,130	98,241
					305,734	318,020
LOANS
An analysis	ofthe maturity		of	loans is given below:
					2022	2021
					6
Amounts falling		due within	one year on demand:
Bank loans					11,000	11,000
Amounts falling		between one		and two years:
Bank loans					20,500	20,500
Amounts falling		due between		two and five years:
Bank loans					73,500	62,209
Amounts falling		due in more than five years:
Repayable	by instalments:
Bank loans					114,604	137,070
Hire purchase contracts					92,686	93,797
					207,290	230,867
LEASING	AGREEMENTS
Minimum lease		payments	fall	due as follows:
					Hire purchase	contracts
					2022	2021
					E	6
Net obligations		repayable:
Within one	year				1,111	1,111
Between one and five years					4,444	4,444
In more than five years					92,686	93,797
					98,241	99,352
					Non-cancellable
					operating	leases
					2022	2021
					6	F
Within one	year				4,500	4,500
Between one and five years					18,000	18,000
In more than five years					281,250	335,250
					303,750	357,750

MOVEMENT	IN FUNDS
					Net
					movement	At
				At 1.1.22	in funds	31.12.22
				8	6	8
Unrestricted	funds
General fund				597,193	170,633	767,826
Hedge Funds				1,217		1,217
Sherwood Lodge				24,897		24,897
				623,307	170,633	793,940
Restricted funds
Kemp Lodge				41,614	(6,670)	34,944
Tree Planting				1,000		1,000
Management	Van			2,890		2,890
Catering Bam				6,749	(500)	6,249
Climbing Wall				16,000		16,000
2018 Lodge				4,104	(250)	3,854
Toilet Block				8,208	(500)	7,708
Robin Hood Suite Roof				5,000	(500)	4,500
				85,565	(8,42D)	77,145
TOTAL FUNDS				708,872	162,213	871,085
Net movement	in funds,	included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
				6	8
Unrestricted	funds
General fund				1,447,980	(1,277,347)	170,633
Restricted funds
Kemp Lodge					(6,670)	(6,670)
Catering Barn					(5DD)	(500)
2018 Lodge					(250)	(250)
Toilet Block					(500)	(500)
Robin Hood Suite Roof					(500)	(500)
					(8,420)	(8,420)
TOTAL FUNDS				1,447,980	(1,285,767)	162,213

Comparatives	for moveme	nt in fun	ds
					Net
					movement	At
				At1.1.21	in funds	31.12.21
				5		8
Unrestricted	funds
General fund				361,237	235,956	597,193
Hedge Funds				1,217		1,217
Sherwood Lodge				24,897		24,897
				387,351	235,956	623,307
Restricted funds
Kemp Lodge				48,283	(6,669)	41,614
Tree Planting				1,000		1,000
Management	Van			2,890		2,890
Catering Barn				7,249	(500)	6,749
Climbing Wall				16,000		16,000
2018Lodge				4,354	(250)	4,104
Toilet Block				8,708	(500)	8,208
Robin Hood Suite Roof					5,000	5,000
				88,484	(2,919)	85,565
TOTAL FUNDS				475,835	233,037	708,872
Comparative	net movement	in funds,	included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
				8
Unrestricted	funds
General fund				988,743	(752,787)	235,956
Restricted funds
Kemp Lodge					(6,669)	(6,669)
Catering Bam					(500)	(500)
2018 Lodge					(250)	(250)
Toilet Block					(500)	(500)
Robin Hood Suite Roof				5,000		5,000
				5,000	(7,919)	(2,919)
TOTAL FUNDS				993,743	(760,706)	233,037

		for the Year Ended 31	December 2022
			2022	2021
			8	6
INCOME AND	ENDOWMENTS
Donations and	legacies
Donations and	legacies		1,457	33,470
Other trading activities
Special events			89,835	80,447
Charitable activities
Camp fees and	activities		827,739	378,407
Catering			153,701	63,849
Mixed camping			172,402	188,679
Utilities			27,443	22,620
Bar			79,789	55,907
Walesby Shop Vending machines			89,473 141	43,003 1,305
			1,350,688	753,770
Other income
Furlough income				61,306
Government grants			6,000	64,750
			6,000	126,056
Total incoming	resources		1,447,980	993,743
EXPENDITURE
Other trading activities
Retail expenses			6,185	2,589
Providore cost	of	sales	81,035	41,197
Wages			20,974	11,581
			108,194	55,367
Charitable activities
Electricity, gas	&water		64,463	45,543
Sundnes			17,620	3,866
Site maintenance		&development	66,167	32,526
Rent			6,395	(4,130)
Sanitation			74,874	44,288
Site transportation		and plant	12,554	10,468
Activities &sports		equipment	56,694	27,951
Catering cost ofsales			68,055	27,286
Depreciation oftangible iixed assets			86,504	83,485
			453,326	271,283
Supportcosts
Management
Wages			602,989	322,279
Insurance			24,657	23,871
Telephone			25,823	20,287
Advertising			25,611	26,198
Sundnes			5,573	4,610
			684,653	397,245

Management
Finance
Finance costs
Governance	costs
Accountancy
Audit
Legal and professional
Total resources	expended

2022f	2021 6
21,204	20,155
2,837	2,585
7,053	2,600
8,500	11,471
18,390	16,656
1,285,767	760,706
162,213	233,037