2023-06-30-accounts - Friends Of Ingestre Orangery

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Friends of Ingestre Orangery Annual Accounts the year ended 30 June 2023

Company Number 07909112 Registered Charity No. 1147905

The Orangery at Ingestre Ingestre Stafford Staffordshire ST18 0RF www.theorangeryingestre.com

Friends of Ingestre Orangery Charity Reg. No. 1147905 & Charitable Company Reg. No. 7909112 VAT Reg. 271 1852 12 Registered Office: Ingestre Orangery, Ingestre, Stafford ST18 0RE www.theorangeryingestre.com

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Contents	Page
Statement of financial activities (including Income and expenditure account)	3
Balance Sheet	4
Cash Flow	5
Notes	6

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Friends of Ingestre Orangery	Friends of Ingestre Orangery	Friends of Ingestre Orangery	Friends of Ingestre Orangery	Friends of Ingestre Orangery	Friends of Ingestre Orangery
Statement of Financial Activities(including the Income and Expenditure Account)
Year ended 30th			June 2023
					RESTATED
			2023		2022
		Unrestricted Funds	Restricted Funds	Total Funds	Total Funds
	Note	£	£	£	£
Incoming Resources from Generated Funds
VoluntaryIncome	2	114,661.43	-	114,661.43	148,789.61
Activities for GeneratingFunds	3	42,405.12		42,405.12	31,468.12

Total Incoming Resources		157,066.55	-	157,066.55	180,257.73

Resources Expended
Project/Development Manager		17,259.31	-	17,259.31	7,015.91
Administration		8,378.75	1,732.00	10,110.75	7,794.00
Other Staff Costs		15,636.76	1,512.69	17,149.45	22,074.07
Stationery		-	-	-	10.90
Insurance		431.85	-	431.85	471.11
Subscriptions		900.91	-	900.91	470.04
Advertising/Publicity		8,002.03	-	8,002.03	4,283.00
Web Costs		105.99	-	105.99	1,562.88
Hall/Room Hire		-	-	-	-
Repairs,Gardeningetc.		8,057.72	-	8,057.72	31,397.46
CateringEquipment		-	-	-	-
Health & Safety		-	-	-	-
Legal and Professional		5,741.25	1,094.50	6,835.75	44,633.40
Loan Arrangement Fees		-	-	-	-
Loan Interest		2,315.81	-	2,315.81	3,300.00
Utilities		12,893.61	-	12,893.61	8,073.65
Cleaning		3,472.73	-	3,472.73	3,634.55
Activities		5,731.37	-	5,731.37	12,666.56
Miscellaneous		4,872.92	494.45	5,367.37	2,947.16
Bad Debt		490.00	-	490.00	510.00
Depreciation		52,307.63	-	52,307.63	45,602.99

Total Resources Expended	4	146,598.64	4,833.64	151,432.28	196,447.68

Net Income/ (expenditure)		10,467.91	4,833.64 -	5,634.27	16,189.95 -

Reconciliation of funds:
Total Funds brought forward		967,111.97	16,482.68	983,594.65	999,784.57
Transfer between funds		11,649.04	11,649.04 -	-	-

Total funds carried forward		989,228.92	-	989,228.92	983,594.62

The notes onpages 13 to 20 formpart of these financial statements.

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Friends of Ingestre Orangery Company Number 07909112 Balance Sheet at 30th June 2023

Friends of Ingestre Orangery	Friends of Ingestre Orangery	Friends of Ingestre Orangery	Friends of Ingestre Orangery	Friends of Ingestre Orangery	Friends of Ingestre Orangery
Company Number 07909112
Balance Sheet at 30th June 2023

		2022-2023		2021-2022
	Note	£	£	£	£
Fixed Assets
Tangible Fixed Assets	6		972,607.55		948,689.07

Current Assets
cash at bank and in hand	7	55,179.83		47,586.62
Debtors	8	16,026.01		48,637.68
			71,205.84		96,224.30

Creditors: Amount Falling Due within oneyear	9		20,768.44 -		17,578.60 -

Net Current Assets			50,437.40		78,645.70

Non-Current Liabilities	10		33,816.05 -		43,740.12 -

Net Assets			989,228.90		983,594.65
			-		-
Net assets represented by:-
Income Funds
Unrestricted Funds			989,228.90		967,111.97
Restricted Funds			-		16,482.68

Total Funds			989,228.90		983,594.65

The trustees/directors acknowledge their responsibilities for complyingwith the requirements of the Companies
Act 2006 with respect to accountingrecords and thepreparation of accounts.
The financial statements were approved bythe Trustees on xx/xx/xxxx and signed on their behalf
by:-

Mr A Chetwynd
Chairman

The notes onpages 13 to 20 formpart of these financial statements.

The trustees/directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The financial statements were approved by the Trustees on xx/xx/xxxx and signed on their behalf by:Mr A Chetwynd Chairman

The notes on pages 13 to 20 form part of these financial statements.

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Friends of Ingestre Orangery Statement of Cash Flows Year ended 30th June 2023

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RESTATED
2023 2022
£ £
Cash Flow from operating activities 5,634.27 - 16,189.95
Decrease/(Increase) in Debtors 32,697.21 - 38,628.39
(Decrease)/Increase in Creditors 3,104.30 - 4,590.83
Depreciation 52,307.63 45,602.99
Net cash flow from operating activities 93,743.41 - 13,806.18
Cash Flow from Investing activities
Purchase of tangible fixed assets - 76,226.11 - 20,595.15
Cash Flow from Financing activities
Repayment of loans - 9,924.07 - 26,259.88
Net increase in cash and cash equivalents 7,593.23 - 60,661.21
Cash and cash equivalents at start of period 47,586.59 108,247.80
Cash and cash equivalents at end of period 55,179.82 47,586.59
The notes on pages 13 to 20 form part of these financial statements.
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Friends of Ingestre Orangery Notes to the financial statements

1. Accounting policies

1.1 General Information and basis of preparation

Friends of Ingestre Orangery is a charitable company registered in England / Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is given in the charity information on page 3 of these financial statements. The nature of the charity’s operations and principal activities are insert detail.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the 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) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2 Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure are sufficient with the level of reserves for the charity to be able to continue as a going concern.

1.3 Tangible fixed assets

Tangible fixed assets under the cost model, other than investment properties, are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical costs include expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation on assets is charged to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Leasehold improvements – straight line, over the life of the lease. Other assets – straight line over the expected life of the asset.

The assets’ residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant changes in the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

1.3 Debtors

Debtors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

1.4 Creditors

Creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

1.5 Judgements and key sources of estimation uncertainty

The following judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements:

The Trustees believe that there are no judgements that require disclosing within the financial statements

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year include:

The Trustees believe that there are no key assumptions that require disclosing within the financial statements.

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2 Voluntary Income
This consists of the following:
2023 2022
Unrestricted Restricted
Total Total
Funds Funds
Donations 545.50 545.50 238.72
Grants 114,115.93 - 114,115.93 148,550.89
Total 114,661.43 - 114,661.43 148,789.61
2022 132,289.61 16,500.00 148,789.61
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2023 2022
Unrestricted Restricted
Total Funds Total Funds
Funds Funds
£ £ £ £
Project/Development Manager 17,259.31 - 17,259.31 7,015.91
Administration 8,378.75 1,732.00 10,110.75 7,794.00
Other Staff Costs 15,636.76 1,512.69 17,149.45 22,074.07
Stationery - - - 10.90
Insurance 431.85 - 431.85 471.11
Subscriptions 900.91 - 900.91 470.04
Advertising/Publicity 8,002.03 - 8,002.03 4,283.00
Web Costs 105.99 - 105.99 1,562.88
Hall/Room Hire - - - -
Repairs, Gardening etc. 8,057.72 - 8,057.72 31,397.46
Cartering Equipment - - - -
Health & Safety - - - -
Legal and Professional 5,741.25 1,094.50 6,835.75 44,633.40
Loan Arrangement Fees - - - -
Loan Interest 2,315.81 - 2,315.81 3,300.00
Utilities 12,893.61 - 12,893.61 8,073.65
Cleaning 3,472.73 - 3,472.73 3,634.55
Activities 5,731.37 - 5,731.37 12,666.56
Miscellaneous 4,872.92 494.45 5,367.37 2,947.16
Bad Debt 490.00 - 490.00 510.00
Depreciation 52,307.63 - 52,307.63 45,602.99
Total 146,598.64 4,833.64 151,432.28 196,447.68
2022 156,164.81 41,210.17 197,374.98
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5 Governance Costs
Governance costs includes Independent Examiner's remuneration amounts relating to the fee
of £300 (2022- £300) and auditors fees of £nil (2022 nil)
During the year there have been 3 employees (2022:3)
6 Tangibe Fixed Assets
Leasehold Office and
Property Other Total
Improvements Equipment
Cost
As at 30 June 2022 1,067,727.42 10,090.56 1,077,817.98
Additions 61,289.00 14,937.12 76,226.12
As at 30 June 2023 1,129,016.42 25,027.68 1,154,044.10
Depreciation
As at 30 June 2022 126,127.21 3,001.73 129,128.94
Charge for Year 45,975.28 6,332.35 52,307.63
As at 30 June 2023 172,102.49 9,334.08 181,436.57
Net Book Value
As at 30 June 2022 941,600.21 7,088.83 948,689.04
As at 30 June 2023 956,913.93 15,693.60 972,607.53
7 Cash at Bank and in hand 2023 2022
£ £
As at 30 June 2022
Cash at Bank 55,118.69 47,511.52
Petty Cash 61.14 75.10
55,057.55 - 47,436.42
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8 Debtors 2023 2022
£ £
Trade Debtors 150.00 10,321.00,321.00321.00
Advance Bookingsgss - - 14,860.0014,860.00,860.00860.00
VAT Debtor 13,729.33,729.33729.33 3,675.55,675.55675.55
HMRC Debtor 779.93 2,884.13,884.13884.13
Prepaymentspaymentsaymentsymentsments 1,366.75,366.75366.75
Accrued Income - 46,617.00,617.00617.00
Total 16,026.01,026.01026.01 48,637.68,637.68637.68
9 Creditors: Amounts Falling Due within one yearg Due within one year Due within one yearyearear
2023 2022
£ £
Trade Creditors 1,502.90,502.90502.90 2,788.60,788.60788.60
Accrued Interest 15,680.00,680.00680.00 13,700.00,700.00700.00
Pension Creditor 85.54
Disbursements - 1,090.00,090.00090.00
Refundable Depositspositsosits 3,500.00,500.00500.00 -
Total 20,768.44,768.44768.44 17,578.60,578.60578.60
10 Non-Current Liabilities
2023 2022
£ £
HCF Loan 22,000.00,000.00000.00 28,000.00,000.00000.00
Bounceback Loan 11,816.05,816.05816.05 15,740.12,740.12740.12
Total 33,816.05,816.05816.05 43,740.12,740.12740.12
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11 Fund Analysis
Unrestricted Funds - 2023
Opening Closing
Receipts Expenditure Transfers
Balance Balance
General Fund 78,706.17 157,066.55 94,291.01 141,481.71
Designated Funds - Leasehold Improvements 888,405.77 52,307.63 836,098.14
Total Unrestricted Funds 967,111.94 157,066.55 146,598.64 - 977,579.85
Restricted Funds - 2023
Opening Closing
Receipts Expenditure
Balance Balance
Architectural Heritage Fund - CRF 4,833.64 4,833.64 - 0.00
Arts Council 1,077.48 - 1,077.48 -
Heritage Lottery Fund - CRF 10,571.56 - 10,571.56 -
-
-
Total Restricted Funds 16,482.68 - 4,833.64 - 11,649.04 - 0.00
Total Funds 983,594.62 157,066.55 151,432.28 - 11,649.04 977,579.85
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11 Fund Analysis (continued)
Unrestricted Funds - 2022 - RESTATED
Opening Closing
Receipts Expenditure Transfers
Balance Balance
General Fund 23,719.78 163,757.73 108,771.34 78,706.17
Designated Funds - Leasehold Improvements 934,008.76 45,602.99 888,405.77
Total Unrestricted Funds 957,728.54 163,757.73 154,374.33 - 967,111.94
Restricted Funds - 2022
Opening Closing
Receipts Expenditure
Balance Balance
Architectural Heritage Fund - CRF 14,837.00 16,500.00 26,503.36 4,833.64
Arts Council 10,379.25 9,301.77 1,077.48
Heritage Lottery Fund - CRF 16,839.78 6,268.22 10,571.56
-
-
Total Restricted Funds 42,056.03 16,500.00 42,073.35 - 16,482.68
Total Funds 999,784.57 180,257.73 196,447.68 - 983,594.62
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12 Analysis of Net Assets between funds
Unrestricted Restricted
Total
Funds Funds
2023 2023 2023
Fixed Assets 972,607.55 - 972,607.55
Cash and Current Investmen 55,179.83 - 55,179.83
Debtors 16,026.01 - 16,026.01
Creditors - 54,584.49 - - 54,584.49
Total 989,228.90 - 989,228.90
Unrestricted Restricted
Total
Funds Funds
2022 2022 2022
Fixed Assets 947,825.89 863.18 948,689.07
Cash and Current Investmen 31,967.12 15,619.50 47,586.62
Debtors 48,637.68 - 48,637.68
Creditors - 61,318.72 - - 61,318.72
Total 967,111.97 16,482.68 983,594.65
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13 Financial Instruments
The carrying amounts of the charity's financial instruments are as follows:
RESTATED
2023 2022
Financial Assets £ £
Debt Instruments measured at Amortised cost
- Trade debtors (note 8) 150.00 10,321.00
- Other debtors (note 8) 14,509.26 50,292.55
Total 14,659.26 60,613.55
Financial Liabilities
Measured at amortised cost
- Other loans (note 10) 33,816.05 43,740.12
- Loan Interest (note 9) 15,680.00 13,700.00
- Other Creditors(note 9) 3,585.54 1,090.00
-Trade Creditors (note 9) 1,502.90 2,788.60
Total 54,584.49 61,318.72
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14. Transactions with Trustees and connected persons

No remuneration was paid during the year or expenses reimbursed to any of the Trustees of the charity or to persons connected to them.

15. Company status

The charity is a company limited by guarantee and consequently does not have share capital.

16. Control Relationship

The charity is controlled by the Trustees

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