| Page | |||||
|---|---|---|---|---|---|
| Reference | and Administrative | Details ofthe Charity, | its Trustees and Advisers | ||
| Chairman's | Statement | ||||
| Trustees' | Report | 3-6 | |||
| Independent Auditors' |
Report | on the Financial Statements | 7-10 | ||
| Statement | of Financial | Activities | |||
| Balance Sheet | 12 | ||||
| Statement | ofCash Flows | 13 | |||
| Notes to the Financial | Statements | 14 - 31 |
| Trustees | PJ Westaway, Chairman |
PJ Westaway, Chairman |
PJ Westaway, Chairman |
PJ Westaway, Chairman |
||||
|---|---|---|---|---|---|---|---|---|
| D R Galbraith | ||||||||
| A W Ward | (resigned | 27 June 2023) | ||||||
| PJ Gready | (Royal Agricultural | Society of England) | (resigned 15August 2022) | |||||
| R N F Drewett (The | Royal Bath &West of England | Society) | ||||||
| Company | registered | |||||||
| number | 08811248 | |||||||
| Charity registered | ||||||||
| number | 1155563 | |||||||
| Registered | office | National Agricultural |
Centre | |||||
| Stoneleigh | Park | |||||||
| Kenilworth | ||||||||
| CV8 2LZ | ||||||||
| Company | secretary | M Kaur (resigned 12July 2023) | ||||||
| EJ Stillwell | (appointed | 12 July | 2023) | |||||
| Independent | auditors | Dains Audit | Limited | |||||
| 15Colmore | Row | |||||||
| Birmingham | ||||||||
| B32BH | ||||||||
| Bankers | Barclays Bank Pic | |||||||
| 1 Princes Street | ||||||||
| Ipswitch | ||||||||
| Suffolk | ||||||||
| IP1 1PB | ||||||||
| Solicitors | Wright Hassall LLP |
|||||||
| Olympus Avenue |
||||||||
| Leamington | Spa | |||||||
| Warwickshire | ||||||||
| CV34 6BF |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | ||||
| Note | 6 | 5 | 5 | ||||
| Income from: | |||||||
| Donations and |
legacies | 153,589 | 277,890 | 431,479 | 448,532 | ||
| Charitable activities |
58,417 | 58,417 | 96,223 | ||||
| Other income | 125 | 125 | 25,000 | ||||
| Total income | 212,131 | 277,890 | 490,021 | 569,755 | |||
| Expenditure on: |
|||||||
| Raising funds | 10,800 | 10,800 | 12,724 | ||||
| Charitable activities |
181,606 | 277,890 | 459,496 | 668,924 | |||
| Total expenditure | 192,406 | 277,890 | 470,296 | 681,648 | |||
| Net movement | in funds | 19,725 | 19,725 | (111,893) | |||
| Reconciliation | offunds: | ||||||
| Total funds brought | forward | 140,407 | 140,407 | 252,300 | |||
| Net movement | in funds | 19,725 | 19,725 | (111,893) | |||
| Total funds carried forward | 160,132 | 160,132 | 140,407 |
| Note | 2022f | 2021 8 |
||||||
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating | activities | |||||||
| Net cash | used in operating |
activities | 17 | (223,772) | (245,324) | |||
| Cash flows from investing | activities | |||||||
| Purchase | oftangible fixed assets |
(1,149) | ||||||
| Net cash | (used in)/provided | by investing | activities | (1,149) | ||||
| Cash flows from financing | activities | |||||||
| Net cash | provided by financing activities |
|||||||
| Change | in cash and cash | equivalents | in | the year | (224,921) | (245,324) | ||
| Cash and | cash equivalents | at the beginning | ofthe year | 422,504 | 667,828 | |||
| Cash and cash equivalents | at the end | of | the year | 18 | 197,583 | 422,504 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022 | 2022 | ||
| 6 | ||||
| Donations | 6,179 | 6,179 | ||
| Grants | 147,410 | 277,890 | 425,300 | |
| 153,589 | 277,890 | 431,479 | ||
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| 2021 | 2021 | 2021 | ||
| 6 | F | F | ||
| Donations | 10,000 | 10,000 | ||
| Grants | 48,724 | 342,258 | 390,982 | |
| Government | grants | 47,550 | 47,550 | |
| 106,274 | 342,258 | 448,532 |
| Unrestricted | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2022 | ||
| 6 | |||
| Events | income | 58,417 | 58,417 |
| Unrestricted | Total | ||
| funds | funds | ||
| 2021 | 2021 | ||
| 5 | 6 | ||
| Events | income | 96,223 | 96,223 |
| Unrestricted | Total | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2022 | 2022 | ||||
| F | F | ||||
| Other income | 125 | 125 | |||
| Unrestricted | Total | ||||
| funds | funds | ||||
| 2021 | 2021 | ||||
| F | |||||
| Business | interruption | insurance | claim | 25,000 | 25,000 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2022 | 2022 | |
| E | ||
| Consultancy | 10,800 | 10,800 |
| Unrestricted | Total | |
| funds | funds | |
| 2021 | 2021 | |
| F | 8 | |
| Entertainment | 1,924 | 1,924 |
| Consultancy | 10,800 | 10,800 |
| 12,724 | 12,724 |
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Support | Total | |||
| directly | costs | funds | |||
| 2022 | 2022 | 2022 | |||
| 6 | K | F | |||
| Chantable | activities | 411,144 | 48,352 | 459,496 | |
| Activities | |||||
| undertaken | Support | Total | |||
| directly | costs | funds | |||
| 2021f | 2021 | 2021 6 |
|||
| Charitable | activities | 538,877 | 130,047 | 668,924 | |
| Analysis of | direct costs | ||||
| Total | Total | ||||
| funds | funds | ||||
| 2022 | 2021 | ||||
| 5 | |||||
| Staff costs | 321,491 | 385,888 | |||
| Professional | fees | 30,653 | 98,378 | ||
| Events costs | 59,000 | 54,611 | |||
| 411,144 | 538,877 |
| Total | Total | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2022 F |
2021f | ||||
| Depreciation | 258 | 2,364 | |||
| Travel and subsistence | 6,294 | 9,532 | |||
| HR costs | 4,221 | 3,737 | |||
| Bank charges | 1,491 | 1,033 | |||
| Advertising and marketing |
8,818 | 2,470 | |||
| Telephone | 3,794 | 3,605 | |||
| Insurance | 2,136 | 2,864 | |||
| IT contracts | 6,122 | 2,947 | |||
| Printing, postage and stationery |
347 | 57 | |||
| Subscriptions | 1,617 | 5,362 | |||
| Rent | 3,000 | 18,000 | |||
| Foreign exchange differences | (116) | 37,921 | |||
| Irrecoverable | VAT | 3,309 | 32,667 | ||
| Governance | costs | 7,061 | 7,488 | ||
| 48,352 | 130,047 | ||||
| Auditor's remuneration |
|||||
| 2022 | 2021 | ||||
| 6 | 8 | ||||
| Fees payable | to the Charity's | auditor for the audit ofthe Charity's | annual | ||
| accounts | 5,400 | 4,900 |
| Staff costs | ||
|---|---|---|
| 2022 | 2021 | |
| 6 | 8 | |
| Wages and salaries | 295,633 | 338,486 |
| Social security costs | 17,481 | 33,492 |
| Pension costs | 8,377 | 13,910 |
| 321,491 | 385,888 |
| 2022 | 2021 | |
|---|---|---|
| No. | No. | |
| Staff | 10 | 10 |
| Fixtures and | Computer | ||
|---|---|---|---|
| fittings | equipment | Total | |
| E | F | f. | |
| Cost | |||
| At 1 January 2022 | 1,330 | 10,929 | 12,259 |
| Additions | 1,149 | 1,149 | |
| At 31 December 2022 | 1,330 | 12,078 | 13,408 |
| Depreciation | |||
| At 1 January 2022 | 1,330 | 10,929 | 12,259 |
| Charge for the year | 258 | 258 | |
| At 31 December 2022 | 1,330 | 11,187 | 12,517 |
| Net book value | |||
| At 31 December 2022 | 891 | 891 | |
| At 31 December 2021 |
| 2022 | 2021 | ||
|---|---|---|---|
| 6 | 6 | ||
| Trade debtors | 23,037 | 4,213 | |
| Other debtors | 7,202 | ||
| Prepayments | and accrued income | 165,916 | 71,839 |
| 188,953 | 83,254 |
| Creditors | : Am | ount | s | falling due | within one year | ||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| F | |||||||
| Trade creditors | 4,963 | 26,906 | |||||
| Other taxation | and | social security | 38,23& | 36,244 | |||
| Other creditors | 52,474 | 178,230 | |||||
| Accruals | and deferred | income | 131,620 | 123,971 | |||
| 227,295 | 365,351 | ||||||
| 2022 | 2021 | ||||||
| E | F | ||||||
| Deferred | income at 1 | January 2022 | 119,256 | 124,927 | |||
| Resources deferred | during the year | 112,248 | |||||
| Amounts | released | from previous | periods | (106,739) | (5,671) | ||
| 124,765 | 119,256 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | 31 | |||||
| January | December | |||||
| 2022 | Income | Expenditure | 2022 | |||
| 5 | 6 | F | ||||
| Unrestricted funds |
||||||
| General | Funds | 140,407 | 212,131 | (192,406) | 160,132 | |
| Restricted funds | ||||||
| H2020 - | Nefertiti | 69,271 | (69,271) | |||
| H2020 - | DISARM | 40,660 | (40,660) | |||
| H2020 - | FAIRshare | 67,581 | (67,581) | |||
| H2020 - | SmartAgriHubs | 30,265 | (30,265) | |||
| H2020 - | DECIDE | 14,344 | (14,344) | |||
| H2020 - | Climate | Farm | 4,155 | (4,155) | ||
| Cadogan | 34,329 | (34,329) | ||||
| Dulverlon | Trust | 5,930 | (5,930) | |||
| Elizabeth | Creak | 5,835 | (5,835) | |||
| Nitrogen | Reduction | 5,520 | (5,520) | |||
| 277,890 | (277,890) | |||||
| Total of | funds | 140,407 | 490,021 | (470,296) | 160,132 |
| Stateme | nt offunds - prior year | ||||
|---|---|---|---|---|---|
| Balance at | |||||
| Balance at | 31 | ||||
| 1 January | December | ||||
| 2021 | Income | Expenditure | 2021 | ||
| E | 8 | 6 | 6 | ||
| Unrestricted funds |
|||||
| General | Funds | 243,465 | 227,497 | (330,555) | 140,407 |
| Restricted funds | |||||
| H2020 - | IWMPRAISE | 3,525 | (3,525) | ||
| H2020 - | Nefertiti | 130,236 | (130,236) | ||
| H2020 - | DISARM | 80,903 | (80,903) | ||
| H2020 - | EURAKNOS | 89,281 | (89,281) | ||
| H2020 - | FAIRshare | 25,988 | (25,988) | ||
| H2020 - | DECIDE | 1,145 | (1,145) | ||
| H2020 - | RUCAPS | 5,509 | (5,509) | ||
| Unbury | 8,835 | (8,835) | |||
| Cadogan | 5,671 | (5,671) | |||
| 8,835 | 342,258 | (351,093) | |||
| Total of | funds | 252,300 | 569,755 | (681,648) | 140,407 |
| Analysis | of n | et assets between funds - cur | rent year | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2022f | 2022 6 |
2022 8 |
|||
| Tangible | fixed | assets | 891 | 891 | |
| Current | assets | 335,546 | 50,890 | 386,536 | |
| Creditors | due | within one year | (176,405) | (50,890) | (227,295) |
| Total | 160,132 | 160,132 |
| Analysis of net assets between funds - prio | r year | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 2021 | 2021 | 2021 | |
| 8 | F | ||
| Current assets | 210,479 | 295,279 | 505,758 |
| Creditors due within one year | (70,072) | (295,279) | (355,351) |
| Total | 140,407 | 140,407 |
| 2022 | 2021 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8 | ||||||||||||
| Net income/expenditure |
for | the | year | (as | per | Statement | of | Financial | ||||
| Activities) | 19,725 | (111,893) | ||||||||||
| Adjustments | for: | |||||||||||
| Depreciation | charges | 258 | 2,353 | |||||||||
| Increase | in | debtors | (105,699) | (54,825) | ||||||||
| Decrease | in | creditors | (138,056) | (80,968) | ||||||||
| Net cash | used in operating | activities | (223,772) | (245,324) |
| 2022 | 2021 | ||
|---|---|---|---|
| E | E | ||
| Cash | in hand | 146,693 | 246,480 |
| Cash | held for grants | 50,890 | 176,024 |
| Total | cash and cash equivalents | 197,583 | 422,504 |
| At | 1 | At 31 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| January | December | ||||||||
| 2022 | Cash flows | 2022 | |||||||
| E | E | ||||||||
| E | |||||||||
| Cash | at | bank | and | in | hand | 422,504 | (224,921) | 197,583 |