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2022-03-31-accounts

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

Registered number: 08236843 Charity number: 1151225

HIGHGROUND PROJECTS LIMITED

(A Company Limited by Guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2022

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED

(A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Company, its Trustees and Advisers 1
Trustees' Report 2 - 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Income and Expenditure Account 11
Balance Sheet 12
Notes to the Financial Statements 13 - 26

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 MARCH 2022

Trustees Mr I Elliott, Chairman
Mr J R Kerner
Mr M Ward (resigned 30 November 2021)
Mr J Browne MBE (resigned 30 November 2021)
Mr M J Perkins
Mrs S van Leest
Mr A T A Hoppenbrouwers
Mr R N Winterton
Mr T Green
Mr J Holt (appointed 30 November 2021)
Company registered
number
08236843
Charity registered
number
1151225
Registered office
Preston Smithy, Chathill
Northumberland
NE67 5DG
Executive Director
Miss A V Baker Cresswell
Accountants
Ryecroft Glenton
32 Portland Terrace
Jesmond
Newcastle upon Tyne
NE2 1QP
Bankers
Lloyds Bank plc
24, Bondgate Within
Alnwick
Northumberland
NE66 1TD

Page 1

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED

(A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE PERIOD ENDED 31 MARCH 2022

The Trustees present their annual report together with the financial statements of the Charitable Company for the year 1 April 2021 to 31 March 2022. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

Policies and objectives

The Objects as set out in the Charitable Company's Articles of Association are:

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Further detailed information relating to the strategies and undertakings for achieving the charitable objectives, and in furtherance of the public benefit can be found in the next section, Achievements and performance

Achievements and performance

Page 2

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2022

Achievements and performance (continued)

Review of activities

Inspite of the ongoing Covid pandemic which began in the UK in March 2020, HighGround has achieved some notable milestones in the last 12 months.

HighGround’s 2 core services namely advice and support delivered to service leavers and veterans about landbased employment with Rural Weeks at the core and Horticultural Therapy for injured serving personnel at DMRC Stanford Hall, have responded to the pandemic in different ways and the Charity is proud of the work by staff and volunteers who have made the continuation of the services possible.

Thanks to the generosity of the Veterans’ Foundation and The Royal Foundation, Tim Lever joined us in September 2021 as our first Rural Employment Manager when he finally left the Royal Marines after more than 30 years’ service.

Tim’s input into the development of Rural Experience Weeks at Bicton has been invaluable and as each Rural Experience Week was delivered, the difference in pace, content, and approach between employment-focused Rural Weeks and wellbeing-focused Rural Experience Weeks became more apparent.

We are extremely grateful to the Armed Forces Covenant Fund Trust and our Strategic Partner at Cobseo Rachel Price, as without their generous funding and support it would not have been possible to pioneer and develop Rural Experience Weeks.

In June 2021 we were able to return to Bicton College in Devon to deliver the first of 4 Rural Experience weeks with our referral partners Icarus, the Rifles Charity, Rock 2 Recovery, Poppy Factory, Tom Harrison House, All Call Signs, Not Forgotten, Project Nova, On Course Foundation, Step Together Volunteering, Supporting Wounded Veterans and the RFEA to improve the mental health and wellbeing of veterans during 5 fully residential days using outdoor experiences in the walled garden and parkland at Bicton.

During our final Rural Experience Week in October we held a reception at Bicton to thank all the presenters who had made the programme possible, and the comment below is from one of the veterans who attended a Rural Experience Week:

"I was medically discharged from the Coldstream Guards in 2002 and don’t think I’ve ever got my head around civvy street. I miss the banter and belonging and have never really felt like I fit in. Coming to Bicton was a big deal for me but they created a lovely environment and everyone was friendly and welcoming. I enjoyed all the different things we did but most of all, I just enjoyed being there and meeting the other veterans.”

Tim has been very busy working with our Development Board to produce Career Guides for each of the 18 areas we have identified within the land-based sector where opportunities for employment and self-employment exist for individuals who bring military skills and experience, and these are now live on our website.

Page 3

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2022

Achievements and performance (continued)

Tim and the Executive Director both represent HighGround at the Cobseo Employment Cluster and we continue to develop relationships with land-based organisations and employers who recognise the skills and experience which military service brings including Historic Houses, Country Land and Business Association, Historic and Botanic Gardens Trust, Woodland Heritage, National Gamekeepers Association, National Trust, JCB, Forest School Association and thank all our wonderful presenters for Rural Weeks and Virtual Rural Weeks including Velcourt Farming; Tillhill Forestry; Bowler Oakfield; Hi-Line Training; Dorset Wildlife Trust; British Association of Landscape Industries and the inspirational veterans who give their time as speakers.

In addition to Rural Experience Weeks, we successfully delivered 3 Rural Weeks and 5 Virtual Rural Weeks to over 120 serving personnel and veterans with 72% of Virtual Rural Week attendees being serving personnel. This indicates a growing awareness of the land-based sector and a need for more information to help them make employment choices for their return to civilian employment once their military careers are over.

We are extremely grateful to the Veterans’ Foundation; RAF Benevolent Fund; Greenwich Hospital and The Royal Marines Charity for their generous support of our Rural Weeks and Virtual Rural Weeks which enables us to deliver Life beyond the military – Outdoors to individuals of all ranks and ages across all three services.

Our Horticultural Therapy service at Defence Medical Rehabilitation Centre (DMRC) Stanford Hall delivered 716 sessions to 228 patients during F/Y 2021/2022.

Horticultural Therapy has become a vital intervention in the treatment of Long Covid at DMRC when the main areas of focus are fatigue management and pacing, as our Horticultural Therapist is able is set gardening tasks which are measurable and give accurate psycho-social and physical improvement indicators to the referring Occupational Therapists to assist their patients’ recovery programmes.

The Gold Medal won by our show garden at BBC Gardeners World Live in August 2021 was the culmination of many months of planning which involved staff and patients and gave a much-needed morale boost during some very challenging times.

Professor Morrison and Dr Nikoden completed their staff survey which found 100% agreement with the statement: 'I see Horticultural Therapy as an important part of patient rehab.'

We thank them for their generous contributions of time and expertise and the referring Occupational Therapists who contributed to the survey as we seek to continue increasing the evidence base to support Horticultural Therapy as a rehab intervention for injured serving personnel.

The development of the Village Green area outside the greenhouse as an additional space for patients to receive Horticultural Therapy has been made possible by the generosity of the Army Central Fund who funded the timber for the raised beds, and we also thank Vitax and British Sugar Topsoil for continuing to supply us with growing mediums, and our wonderful Gardening Volunteers - we would be lost without you all.

Page 4

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2022

Achievements and performance (continued)

Website and communications

Our website continues to provide the main channel of communication and we thank Kathryn, Andrew, and Louisa for their fantastic work to keep it current, relevant, and easy to navigate as we continue to use it to communicate with our beneficiaries, Friends, and funders.

Philip Shaw started to provide marketing assistance to HighGround in July as we seek to develop our Corporate Champions and Friends of HighGround networks, and he generously donated the profits from his 2021 Christmas card to HighGround.

Our new film made by Thread Films and funded by British Sugar Topsoil is helping to raise awareness of HighGround’s work to new audiences, and we were very proud to be featured in the Remembrance Sunday episode of BBC Countryfile when Adam Henson spent the day with us during a Rural Week at Bicton in October.

We welcomed Friends and supporters to the Cavalry & Guards Club in November to launch the film; the Executive Director continues to apply to grant-making trusts and foundations according to HighGround’s fundraising strategy, and an Investment Committee has been formed to administer the Headley Court Charity’s donation.

The Trustees met 4 times during the year both virtually and in person and are grateful to ABF The Soldiers’ Charity, Greenwich Hospital, Lloyd’s Patriotic Fund, Swire Foundation, Army Central Fund, Veterans’ Foundation, Prism Charitable Fund, Scott Eredine Charity, Armed Forces Covenant Fund Trust, RAF Benevolent Fund, CLA Charitable Trust and the many generous individuals who have contributed to the Charity’s work.

Financial review

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charitable Company has adequate resources to continue in operational existence for the foreseeable future. They have included in their assessment the effects of the situation surrounding the coronavirus pandemic, which has delayed projects but has not unduly impacted on the financial position of the charity. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Reserves policy

It is the policy of the charity to hold reserve funds at a level of at least six months' running costs of the core activity. At 31 March 2022, the charity had total funds of £432,982 comprising unrestricted funds of £228,305 and restricted funds £204,677. Of the unrestricted funds, £228,305 has been designated to be spent on horticultural therapy courses over six years as agreed with the donor. This leaves a £nil general funds balance at the year end.

Page 5

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2022

Structure, governance and management

Constitution

The Company is registered as a Charitable Company limited by guarantee and was set up in October 2012.

The Company is constituted under its Articles of Association and is a registered charity number 1151225. The latest version of its Articles was agreed on 20 February 2013.

Methods of appointment or election of Trustees

The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.

When the need arises, new Trustees are appointed as Directors by members of the Company to serve as Trustees of the Charity.

Financial risk management

Anna Baker Cresswell is Executive Director with overall responsibility for fundraising and the day-to-day running of the Charitable Company. John Kerner has taken responsibility for the Risk Register which is a standing item at quarterly Trustees Meetings. Ruth Ritson provides quarterly financial updates for Trustees' Meetings.

Page 6

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2022

Plans for future periods

The beneficiaries of the Charitable Company are serving members of HM armed forces, Reservists and Veterans.

Strategic aims

Continue to deliver the Horticultural Therapy service at DMRC Stanford Hall in accordance with the Service Level Agreement between the Charity and DMRC Stanford Hall.

Work with the Academic Department of Military Rehab (ADMR) and clinical team at DMRC Stanford Hall to develop the evidence base supporting Horticultural Therapy as a rehab intervention for injured serving personnel.

Work with Rural Employment Manager to develop the Rural Weeks programme at other Landex colleges in UK regions using Bicton College as the main operating base.

Provide ongoing support for HighGround beneficiaries as they continue their journey through transition from military life back into civilian street, and work with other Service charities to meet the needs of our mutual beneficiaries.

Work with Trustee Jon Perkins and Rural Employment Manager to enhance and improve the role of the Development Board to provide more land-based work experience and employment opportunities and improve communication with the employers offering such opportunities.

Work with the Career Transition Partnership (CTP) to ensure early awareness of HighGround’s services during their resettlement period as they start the transition back to civilian life.

Work with Trustee Tim Green and Philip Shaw to develop a corporate network to widen the scope of HighGround’s fundraising to match the increasing awareness of HighGround’s services within the armed forces community, and work with Defence Relationship Management to promote the Armed Forces Covenant.

Work with Trustee Sue van Leest to develop the Friends of HighGround to enhance their fundraising efforts and double the number of Friends by 2023.

Members' liability

The Members of the Company guarantee to contribute an amount not exceeding £1 to the assets of the Company in the event of winding up. The Members are the directors named as Trustees and the Executive Director, who number 8.

Page 7

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2022

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 22 June 2022 and signed on their behalf by:

Ian Elliott (Chair of Trustees)

Page 8

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED

(A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE PERIOD ENDED 31 MARCH 2022

Independent Examiner's Report to the Trustees of Highground Projects Limited ('the Company')

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and Basis of Report

As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.

Signed: Dated: 23 June 2022

Deborah Graham FCA

Ryecroft Glenton 32 Portland Terrace Jesmond Newcastle upon Tyne NE2 1QP

Page 9

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED (A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 MARCH 2022

Note
Income from:
Donations and legacies
3
Total income
Expenditure on:
Charitable activities
4
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2022
£
114,931
114,931
102,537
102,537
12,394
99,884
12,394
112,278		 Unrestricted
funds
2022
£
25,120
25,120
127,041
127,041
(101,921)
422,625
(101,921)
320,704		 Total
funds
2022
£
140,051
140,051
229,578
229,578
(89,527)
522,509
(89,527)
432,982		 Total
funds
2021
£
87,525
87,525
192,001
192,001
(104,476)
626,985
(104,476)
522,509

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 13 to 26 form part of these financial statements.

Page 10

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED (A Company Limited by Guarantee)

SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 MARCH 2022

Gross income in the reporting period
Less: Total expenditure
Net expenditure/(income) for the reporting period		 Total funds
2022
£
140,051
(229,578)
(89,527)		 Total funds
2021
£
87,525
(192,001)
(104,476)

The notes on pages 13 to 26 form part of these financial statements.

Page 11

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 08236843

BALANCE SHEET AS AT 31 MARCH 2022

Note
Fixed assets
Tangible assets
8
Current assets
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within one
year
10
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
11
Unrestricted funds
11
Total funds		 2,248
435,617
437,865
(7,164)		 2022
£
2,281
2,281
430,701
432,982
432,982
112,278
320,704
432,982		 46,506
481,618
528,124
(6,969)		 2021
£
1,354
1,354
521,155
522,509
522,509
99,884
422,625
522,509

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 22 June 2022 and signed on their behalf by:

Mr I Elliott

(Chair of Trustees)

Page 12

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

1. General information

Highground Projects Limited is a charitable company, limited by guarantee, incoporated in England and Wales, company number: 08236843, charity number: 1151225. The address of the registered office is Preston Smithy, Chathill, Northumberland, NE67 5DG.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Highground Projects Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The Trustees have considered the financial position of the Charitable Company at 31 March 2022, and in particular the potential effects of the situation surrounding the coronavirus pandemic. Whilst it is impossible for the charity to operate whilst the practice of social isolation is in place, since the easing of restrictions in 2022, the Charitable Company has been able to operate courses for both Horticultural Therapy and Rural Weeks activities. The Trustees are confident that they have sufficient funds in hand for operational needs for at least the twelve months following the approval of these financial statements to allow them to continue to adopt the going concern basis in preparing the financial statements.

2.3 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Page 13

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity.

Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

2.6 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 14

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

3. Income from donations and legacies

Donations
Grants
Donations
Grants		 Restricted
funds
2022
Unrestricted
funds
2022
£
£
(56,654)
16,620
171,585
8,500
114,931
25,120
Restricted
funds
2021
Unrestricted
funds
2021
£
£
12,206
14,369
59,950
1,000
72,156
15,369		 Total
funds
2022
£
(40,034)
180,085
140,051
Total
funds
2021
£
26,575
60,950
87,525

Page 15

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

4. Analysis of expenditure by activities

General Funds - Office overheads
Horticultural Therapy Services
Rural Weeks
Positive Pathways
Rural Business Improvement Manager		 Activities
undertaken
directly
2022
£
7,920
58,087
73,636
2,562
20,603
162,808		 Support
costs
2022
£
66,770
-
-
-
-
66,770		 Total
funds
2022
£
74,690
58,087
73,636
2,562
20,603
229,578
General Funds - Office overheads
Horticultural Therapy Service
Rural Weeks
Positive Pathways
Rural Business Improvement Manager		 Activities
undertaken
directly
2021
£
4,440
92,226
29,110
72
7,045
132,893		 Support
costs
2021
£
59,108
-
-
-
-
59,108		 Total
funds
2021
£
63,548
92,226
29,110
72
7,045
192,001

Page 16

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

4. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Stanford Hall costs
General office costs
Travel and subsistence
Rural Week costs
Advertising and marketing		 Total
funds
2022
£
69,458
7,937
2,964
5,652
60,201
16,596
162,808		 Total
funds
2021
£
105,827
1,008
955
334
15,857
8,912
132,893

Analysis of support costs

Staff costs
Rent and rates
Insurance
Training and conferences
General office costs
Travel and subsistence
Development board expenses
Just giving fees
Governance costs
Fundraising
Houses of Parliament Event
Career Fair Roadshows		 General
funds
2022
£
7,961
600
1,840
22,070
9,897
3,360
90
96
10,410
8,787
951
708
66,770		 Total
funds
2022
£
7,961
600
1,840
22,070
9,897
3,360
90
96
10,410
8,787
951
708
66,770

Page 17

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

4. Analysis of expenditure by activities (continued) Analysis of support costs (continued)

Staff costs
Rent and rates
Insurance
Training and conferences
General office costs
Travel and subsistence
Development board expenses
Legal and professional fees
Justgiving fees
Governance costs
Fundraising
5.
Independent examiner's remuneration
Fees payable to the Company's independent examiner for the preparation
and independent examination of the Company's annual accounts
6.
Staff costs
Wages and salaries
Social security costs		 General
funds
2021
£
15,925
9,125
1,482
5,424
6,216
157
380
4,956
324
11,370
3,749
59,108
2022
£
3,210
2022
£
66,580
10,839
77,419		 Total
funds
2021
£
15,925
9,125
1,482
5,424
6,216
157
380
4,956
324
11,370
3,749
59,108
2021
£
4,170
2021
£
110,453
11,299
121,752

Page 18

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

6. Staff costs (continued)

The average number of persons employed by the Company during the year was as follows:

2022 2021
No. No.
Employees 4 4

No employee received remuneration amounting to more than £60,000 in either year.

During the year, total remuneration received by key management personnel, being the Executive Director, amounted to £36,050 (2021: £36,050).

7. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2021 - £NIL) .

During the year, expenses totalling £ 1,814 were reimbursed or paid directly to 1 Trustee (2021 - £157 to 3 Trustees) . These related to travel expenses incurred by them to attend meetings in the performance of their duties as Trustees.

Page 19

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

8.
Tangible fixed assets
Cost or valuation
At 1 April 2021
Additions
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021		 Computer
equipment
£
2,000
1,903
3,903
646
976
1,622
2,281
1,354

Page 20

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

9. Debtors

Due within one year
Other debtors
Prepayments and accrued income
Grants receivable
Creditors: Amounts falling due within one year
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2022
£
2,106
142
-
2,248
2022
£
-
3,144
210
3,810
7,164		 2021
£
-
506
46,000
46,506
2021
£
450
2,144
205
4,170
6,969

10. Creditors: Amounts falling due within one year

Page 21

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

11. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Horticultural Therapy courses
General funds
General Funds
Total Unrestricted funds
Restricted funds
Rural Weeks
Rural Weeks (RAF)
Rural Employment Manager
Fund
Rural Business Improvement
Manager
Positive Pathways
Total of funds		 Balance at 1
April 2021
£
414,750
7,875
422,625
30,156
10,000
7,955
24,238
27,535
99,884
522,509		 Income
£
-
25,120
25,120
17,815
-
20,000
-
77,116
114,931
140,051		 Expenditure
£
(52,351)
(74,690)
(127,041)
(23,258)
(10,000)
(20,602)
-
(48,677)
(102,537)
(229,578)		 Transfers
in/out
£
(41,695)
41,695
-
-
-
24,238
(24,238)
-
-
-		 Balance at
31 March
2022
£
320,704
-
320,704
24,713
-
31,591
-
55,974
112,278
432,982

Page 22

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

11. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Horticultural Therapy courses
General funds
General Funds
Total Unrestricted funds
Restricted funds
Horticultural Therapy Service
Rural Weeks
Rural Weeks (RAF)
Rural Employment Manager
Fund
Rural Business Improvement
Manager
Positive Pathways
Total of funds		 Balance at
1 April 2020
£
450,000
80,526
530,526
8,090
5,000
10,000
15,000
24,238
34,131
96,459
626,985		 Income
£
-
15,369
15,369
48,750
25,156
-
-
-
(1,750)
72,156
87,525		 Expenditure
£
-
(88,020)
(88,020)
(92,090)
-
-
(7,045)
-
(4,846)
(103,981)
(192,001)		 Transfers
in/out
£
(35,250)
-
(35,250)
35,250
-
-
-
-
-
35,250
-		 Balance at
31 March
2021
£
414,750
7,875
422,625
-
30,156
10,000
7,955
24,238
27,535
99,884
522,509

Page 23

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

11. Statement of funds (continued)

Designated fund

Horticultural Therapy Courses - A grant of £450,000 was received from Headley Court Charity in 2020 to support the running of Horticultural Therapy Courses at DMRC Stanford Hall over the next six years. The Trustees have designated this grant to control the expenditure to £60,000 per annum. During the year, a transfer to general funds of £41,695 was required to prevent the general fund falling into a deficit.

Restricted funds

Rural Weeks - Grants of £17,815 were received in the year, with £33,258 of funds utilised during the year, with the remaining balance being carried forward to be used in 2022/23. Included within Rural Weeks expenses this year are £10,000 of costs used to support RAF personnel attending rural weeks activities as listed within the restricted fund below. A transfer of £10,000 from the Rural Weeks (RAF) fund has therefore been made to clear these expenses.

Rural Weeks (RAF) - A grant of £10,000 was received from the RAF Benevolent Fund in 2020 to support the costs of rural weeks activities for RAF personnel only. The fund was fully utilised during the year.

Rural Employment Manager Funding - Grants of £20,000 were received in the year. £20,602 of funds were utilised during the year, with the remaining balance being carried forward to be utilised in 2022/23. Rural Business Improvement Manager fund to be used for same intended purpose as Rural Employment Manager Funding and so full amount has been allocated to this fund.

Rural Business Improvement Manager - the full amount has been allocated to the Rural Employment Manager fund.

Positive Pathways - Grants of £77,116 were received in the year, with £48,677 of funds utilised during the year, with the remaining balance being carried forward to be used in 2022/23.

Page 24

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

12. Summary of funds

Summary of funds - current year

Designated funds
General funds
Restricted funds		 Balance at 1
April 2021
£
414,750
7,875
99,884
522,509
Balance at
1 April 2020
£
450,000
80,526
96,459
626,985		 Income
£
-
25,120
114,931
140,051
Income
£
-
15,369
72,156
87,525		 Expenditure
£
(52,351)
(74,690)
(102,537)
(229,578)
Expenditure
£
-
(88,020)
(103,981)
(192,001)		 Transfers
in/out
£
(41,695)
41,695
-
-
Transfers
in/out
£
(35,250)
-
35,250
-		 Balance at
31 March
2022
£
320,704
-
112,278
432,982
Balance at
31 March
2021
£
414,750
7,875
99,884
Summary of funds - prior year
Designated funds
General funds
Restricted funds
522,509

13. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2022
Unrestricted
funds
2022
£
£
-
2,281
112,278
325,587
-
(7,164)
112,278
320,704		 Total
funds
2022
£
2,281
437,865
(7,164)
432,982

Page 25

DocuSign Envelope ID: 2CAD8C20-31EC-41C8-A2D2-6496BA3EB156

HIGHGROUND PROJECTS LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

13. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2021
£
-
99,884
-
99,884		 Unrestricted
funds
2021
£
1,354
428,240
(6,969)
422,625		 Total
funds
2021
£
1,354
528,124
(6,969)
522,509

14. Related party transactions

The Charitable Company has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charitable Company at 31 March 2022.

Page 26