## ## |Trustees'
Report| |---| |Statement ofTrustees'
Responsibilities| |Independent
Examiner's
Report| |Statement of Financial Activities| |Balance Sheet| |Statement ofCash flows| |Notes tothe Financial Statements| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||Note|Unrestricted|Designated|Restricted|Total|Total| |---|---|---|---|---|---|---| |||funds|funds|funds|2022|2021| |||f|f|f|f|f| |Income from:||||||| |Donations
and iegacies||300|||300|| |Charitable
activities—
continuing||54,144||30,193|84,337|40,224| |Investments||39,903||1,070|40,973|32,602| |Total income||94,347||31,263|125,610|72,826| |Expenditure
on:||||||| |Charitable
activities-||||||| |Continuing||78,394|16,743|22,607|117,744|128,254| |Total expenditure||78,394|16,743|22,607|117,744|128,254| |Net income/(expenditure)||||||| |before unrealised||15,953|(16,743)|8,656|7,866|(55,428)| |investment
gains/(losses)||||||| |Net gains/(losses)
on
investments|10|1,125|14,909||16,034|21,948| |Net income/(expenditure)||17,078|(1,834)|8,656|23,900|(33,480)| |Transfers between
funds||908|6,678|(7,586)||| |Net movement
in funds||17,986|4,844|1,070|23,900|(33,480)| |Reconciliation offunds||||||| |Funds brought forward
(restated)||81,336|3,986,314|122,614|4,190,264|4,223,744| |Funds carried forward||99,322|3,991,158|123,684|4,214,164|4,190,264| ## ## |||||Note|2022|2021| |---|---|---|---|---|---|---| ||||||f|f(restated)| |Fixed assets||||||| |Tangible assets|||||2,848,995|2,800,589| |Investments||||10|869,205|1,116,265| ||||||3,718,200|3,916,854| |Current assets||||||| |Debtors|||||27,334|16,134| |Cash at bank|||||473,090|276,485| ||||||500,424|292,619| |Creditors: amounts|||falling due within one year|12|4,460|19,209| |Net current|assets||||495,964|273,410| |Net assets|||||4,214,164|4,190,264| |Funds ofthe|charity|||||| |Restricted income||funds||15|123,684|122,614| |Unrestricted|funds|||||| |Designated
fixed assets fund||||15|2,848,995|2,800,589| |Other designated||funds||15|1,142,163|1,185,725| |Unrestricted|general||funds|15|99,322|81,336| |Total unrestricted||funds|||4,090,480|4,067,650| |Total charity|funds||||4,214,164|4,190,264| ## |||Note|2022|2021| |---|---|---|---|---| ||||f|f| |Cash flows from operating
activities||||| |Net income/(expenditure)
before unrealised
investments|losses on||7,&66|(55,428)| |Adjustments
to cash flows from non-cash items||||| |Depreciation|||7,538|7,110| |Investment
income|||(40,973)|(32,602)| |Working capital adjustments||||| |(Increase)/decrease
in debtors|||(11,200)|44,977| |(Decrease)/increase
in creditors||12|(14,749)|5,644| |Net cash from operating
activities|||(51,518)|(30,299)| |Cash flows from investing
activities||||| |Interest receivable
and similar income|||40,973|32,602| |Net unrealised
gains/(losses)
on investments|||16,034|21,948| |Net proceeds ofsale ofinvestment
property||10|302,976|| |Purchase oftangible fixed assets|||(55,944)|(64,757)| |Costs incurred
on investment
properties||||(52,065)| |Net cash from investing
activities|||304,039|(62,272)| |Net increase/(decrease)
in cash and cash equivalents|||252,521|(92,571)| |Cash and cash equivalents
at 1March 2021|||1,089,774|1,182,345| |Cash and cash equivalents
at 28 February 2022||17|1,342,295|1,089,774| ## ## ## ## ## ## ## ## ## ## ## |.
Income from|donations|and legacies|and legacies|||| |---|---|---|---|---|---|---| |||Unrestricted||Restricted|Total|Total| ||||funds|funds|2022|2021| ||||f|f|f|f| |From individuals|||300||300|| |. Income from charitable||activities||||| |||Unrestricted||Restricted|Total|Total| ||||fundsf|funds
f|2022
f|2021
f| |Rental income|||18,028||18,028|15,700| |Grants and subsidies|||36,116|30,193|66,309|24,524| ||||54,144|30,193|84,337|40,224| |n the year ended 28 February 2021, restricted
fund income receivable from
mounted
tof3,059the balance off37,165relating to unrestricted
funds.|||||charitable|activities| |. Investment|income|||||| |||Unrestricted||Restricted|Total|Total| ||||funds|funds|2022|2021| ||||f|f|f|f| |Income from Eden Tree investment|||39,882||39,882|29,454| |Bank deposit interest|||21|1,070|1,091|3,148| ||||39,903|1,070|40,973|32,602| ## ## ## ## ## ## |||Unrestricted|Designated|Restricted|Total|Total| |---|---|---|---|---|---|---| |||funds
f|funds
f|funds
f|2022
f|2021f| |Salaries and
contributions|pension|46,250|||46,250|46,375| |Employers'|NIC|||||326| |Sub-contract||15,176|||15,176|14,556| |Site maintenance||9,659||22,607|32,266|18,382| |Bodwannick|site development||9,205||9,205|32,567| |Property||2,443|7,538||9,981|9,599| |Office||746|||746|800| |Travel 5subsistence||2,331|||2.331|1,339| |Legal and professional||||||2,484| |Governance||1,665|||1,665|1,464| |Sundry||124|||124|362| |||78,394|16,743|22,607|117,744|128,254| ## ## ## ## |he aggregat|e
payroll costs were as follows:||| |---|---|---|---| |||2022|2021| |||f|E| |Salaries||44,498|44,623| |Pension contributions||1,752|1,752| |Employers'|NIC||326| |||46,250|46,701| ## ## ## |9. Tangible fixed ass|ets|||| |---|---|---|---|---| |||Land &
buildings
f|Fixtures,
fittings &
equipmentf|Total
f| |Cost||||| |At 1March 2021||2,880,411|21,291|2,901,702| |Prior year adjustment|(note 10)|(79,463)||(79,463)| |At 1March 2021as restated||2,800,948|21,291|2,822,239| |Additions||49,266|6,678|55,944| |At 28 February 2022||2,850,214|27,969|2,878,183| |Depreciation||||| |At 1March 2021||11,299|10,351|21,650| |Charge for the year||2,927|4,611|7,538| |At 28 February 2022||14,226|14,962|29,188| |Net book value||||| |At 28 February 2021(as restated)||2,789,649|10,940|2,800,589| |At 28 February 2022||2,835,988|13,007|2,848,995| |10.Investments||||| ||||2022|2021| ||||f|f (restated)| |Eden Tree investment|fund||869,205|813,289| |Investment
properties|(restated —see below)|||302,976| ||||869,205|1,116,265| ## ## ## |||||||2022|2021| |---|---|---|---|---|---|---|---| |||||||f|f| |Investments
at valuation
at 1March 2021||||||813,289|761,887| |Income reinvested||||||39,882|29,454| |Revaluation||||||16,034|21,948| |Investments
at valuation at 28February 2022||||||869,205|813,289| |n October 2017,the Trust invested f750,000with||||Eden|Tree Investments|in their Amity Balanced|| |Fund for Charities.|||||||| |nvestment
properties||and prior year adjustment|||||| |nvestment
properties||in 2021comprise the|stone|barns|at Bodwannick
which were held for their||| |nvestment
potential.|In prior years these had been included as operational|||||fixed assets, but as there|| |was never any intention||to use them for charitable||purposes they have been re-designated|||as| |nvestment
properties||and prior year accounts restated.|||During the year, the barns were sold for||| |315,000, with sale costs off12,024 leaving|||net proceeds off302,976,this|||value attributed|to the| |and and barns at 1March 2020.Opening
designated
funds at 1March 2020 have therefore|||||||been| |plifted
by f171,448to reflect the increased|||value|ofthis investment
at that date, planning|||consents| |aving been received|in the prior years. This||uplift|added|tothe f52,065 incurred
in 2020/21 in site||| |learance costs and the||historical cost carried|in tangible||fixed assets off79,463, amounts||to the| |alue carried at 28 February 2021off302,976.|||||||| |11.Debtors|||||||| |||||||2022|2021| |||||||f|f| |Trade debtors||||||2,119|137| |Other debtors|||||||11,875| |Accrued income||||||24,885|3,801| |Pre payments||||||330|321| |||||||27,334|16,134| ## ## ## ## ## ## |2.Creditors: amounts
due within one year||| |---|---|---| ||2022|2021| ||f|E| |Trade creditors|2,680|9,362| |Accruals|1,175|9,240| |Taxation and Social Security|605|607| ||4,460|19,209| ## ## |0
QI
I
CL|0
Ql
I
ID
III
n'
tD
C
CL
Ul|n
0
n
CD
pq
CU
-I
ID
CD|I
ID
II
n
OQ|CU
N|Ql
0
CL
Ql|CCP
0
CL
Ql
n'
m
ID
CU
CD
CL
CD|OP
0
CL
Ql
n
x
aa
ID|XI
ID
III
ID
CL
c
CL|0
CU
CL
ID
07l
Ql
tD
CL
c
CL|CCP
0
Ql
2
n
CD
C
CL|CCP
0
CL
CU
2.
n'
e
UI
I
r+
0|g
Ql
ID
n
03
ID
III
C
0|ll
X
ID
CL
Q
III
ID
ct
III|g
CD
III
00
Ql
tD
CL
CL
III|C
tD
lh
n'
tD
CL
00
tD
tD
Ql
I"
CL|||Ul
'llc
CL|ID
tD
CL
ID
CL
hP
00
'Tl
ID
Ctc
K
hPo
hP|Z0
tD
rt0
8
S
Ol
Vl|I
gIl
2
Cl0| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||||||||||hP|QlI|| ||||||||||||||hP||||||||| |o
hP
CB||0
CB
ID
V||||ID|0
00
UP||00
CB
UP|hP
Ol
00|IO
(PP
Ul
CPP|CCI
UP
Ol
0
A|00
O
O
Ul
00
CO||||n
hPO
hP||||| |hJ|||||||||||||||ID||||||| |Vl
Gl0||0
V
0|Ul
Vl
hl|OO
Vl
O|IO||||||||||CPP||n03
ID||||| ||||||||||||||||||PC'0||||| ||||||||||||||||||ID||||| ||hJ||||||||CB||ID||||00||CL||||| ||Olo|I|I|CO
Ch
~|ID
~|I|I||UP||0
Ul||Ul
00||IPP
ID||C||||| |||||||||||||||||DCI|||||| |||||||||||||||||Ql|||||| |||||||||||||||||UI|||||| |||||||||||||||||0
III|||||| |||||||||||||||||UI|||||| |o
UP|||||||||COo|||o||||CD
ill|||||| |||||||||||||||||ttl|||||| ||||||||||||||Vl||||||||| ||||||||||CFl||||Ul||||||||| ||Ul
00||Ul
Ul|UU|||||CB||hP||ID||||||||| ||CT)||hP||||||00|I|CCI
~|I|||||||||| ||||||||||||||||||hl||||| ||||||||||||||||||00||||| ||||||||||||||||||ID||||| ||||||||||||||DJ||||CPr||||| |hP
Cll|hP
Ctl
00|O
00
O
V|I|I|I|V
IO
%|O
00
4h
IPU||EO
Ul
00|hl
V
Ol
00|hP
O
00
00
hl|V
O
00
Ul|00
00
CO
CO
Vl||CO
UP
hl
hP||Ql
'C
hlO
hl||||| |0
Il
C|0
r+
tD
Ml
r+
IDQ.
C
Ml|Z
0
ID
DI
DI
IIIn|n0
ID
n
gq
n
tD
«T
C|ID
nl
ID
fll|«0
0
CL
0I
n'
D
ID
0In
ID
0I
2|«0
0
CL
0l
n
00
ID
ID|tD
n'
tD
F
CL|0
Dl
CL
tD
DY
Dl
FD
CL
c
CL|I
U0(
ID
ID
0
ID|«00
Ol
gq
Ql
tD
C!.|«00
D2n
I
ID
III
0|Vl
DI
IDPt
00
O
n0
ID
III
'U0|-n
X
ID
CL
III
r+
I/I
0I
CL
ID|O
tD
Dl
tD
CL|t:
ID
Itl
n'
IDQ.
00
ID
tD
Dl
r|0'(
ID
Dl
Q.
Dl
pl'
tD|0'(
ID
Dl
Q.
Dl
pl'
tD|0'(
ID
Dl
Q.
Dl
pl'
tD|ID
ID
tD
Q|Z
()
0
e
g|e
m
2
lh
Cl| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||ID|||||||n||||||CL|||||Gl|| |||0|e||||||||C+
0l||||||||O
hk||| |||IDn|||||||||ID
CL|||||||||Cte3|| |||||||||||||||||||Dl|||| |VI||Ul
OO|O
ID
00|I|VI
V|0
00||C)
CI
Vl|«h
hJ
ID|tJ
«h
00|Ul
«h
«ho|«h4
«h
O
hJ|IIJ
ID
hJ||lD|~
CL||n
O
hJO|||| |tJ
00
hJ
Ch|||O
Vl
LD|VI
0
Vl
ID|||||||||||«h
00
o
00||||||| ||||||||||||VI||||00||||||| |||||VI|||||||||||Vl||||||| |||||O
Ul|O
VI||||00
O||Vl
Ch||o||VIo
Ul||||||| |||||||||||||||||Otl|||||| |||||||||||||||||Dl|||||| |||||||||||||4||||III0||(|||| |||||I||I||Ulo||||VlOIJ||||ID
MI||e|||| ||Ul
Clo|Vlo
O|I|I|I|I||00
00|00|I|||«h
Vl||00
00|Ill||ID
W|||| |||||||||||||||||||IIJ|||| |||||||||||||||||||00|||| |||||||||||||||||||ID|||| |||||||||Vl|||||DJ||||||||| |lO
Cl
DJ
ChD|||O
Ch
V||V
lD|O
00
Vl||ID
00
Ch
Vl|I|DJ'4
Ch
00|V
Cl
le||00
OO
ill
00
ID|||MI
Dl
e|Dl
'(
N
IIJ||||| ## ## ## ## ## ## ## ## |in previous years but not acco
6.Analysis ofnet assets between|unted for as restric
funds|ted
fund expend|iture.|| |---|---|---|---|---| |At 28 February 2022|Unrestricted
general
funds|Designated
funds
f|Restricted
funds
f|Total funds
f| ||f|||| |Tangible fixed assets||2,848,995||2,848,995| |Investments
held as fixed assets||869,205||869,205| |Current assets|103,782|272,958|123,684|500,424| |Current
liabilities|(4,460)|||(4,460)| |Total net assets|99,322|3,991,158|123,684|4,214,164| |At 28 February 2021(restated)|Unrestricted
general
fundsf|Designated
funds
f|Restricted
funds
f|Total funds
f| |Tangible fixed assets||2,800,589||2,800,589| |Investments
held as fixed assets||1,116,265||1,116,265| |Current assets|100,545|69,460|122,614|292,619| |Current
liabilities|(19,209)|||(19,209)| |Total net assets|81,336|3,986,314|122,614|4,190,264| ## ## ## |7.Cash and cash equivalents||| |---|---|---| ||2022|2021| ||f|f| |Cash at bank and in hand|473,090|276,485| |Investments|869,205|813,289| ||1,342,295|1,089,774| ##