| Trustees' Report |
|---|
| Statement ofTrustees' Responsibilities |
| Independent Examiner's Report |
| Statement of Financial Activities |
| 8alance Sheet |
| Statement ofCash flows |
| Notes to the Financial Statements |
| Note | Unrestricted | Designated | Restricted | Total | Total | |
|---|---|---|---|---|---|---|
| funds | funds | funds | 2023 | 2022 | ||
| f | f | f | f | f | ||
| Income from: | ||||||
| Donations and legacies |
1,311 | 1311 | 300 | |||
| Charitable activities— continuing |
54,517 | 22,805 | 77,322 | 84,337 | ||
| Investments | 46,748 | 1,346 | 48,094 | 40,973 | ||
| Total income | 102,576 | 24,151 | 126,727 | 125,610 | ||
| Expenditure on: |
||||||
| Charitable activities- |
||||||
| Continuing | 95,942 | 13,450 | 4,095 | 113,487 | 117,744 | |
| Total expenditure | 95,942 | 13,450 | 4,095 | 113,487 | 117,744 | |
| Net income/(expenditure) | ||||||
| before unrealised | 6,634 | (13,450) | 20,056 | 13,240 | 7,866 | |
| investment gains/(losses) |
||||||
| Net gains/(losses) on investments |
10 | (5,323) | (29,818) | (35,141) | 16,034 | |
| Net income/(expenditure) | 1,311 | (43,268) | 20,056 | (21,901) | 23,900 | |
| Transfers between funds |
(16,263) | 24,365 | (8,102) | |||
| Net movement in funds |
(14,952) | (18,903) | 11,954 | (21,901) | 23,900 | |
| Reconciliation offunds | ||||||
| Funds brought forward | 99,322 | 3,991,158 | 123,684 | 4,214,164 | 4,190,264 | |
| Funds carried forward | 84,370 | 3,972,255 | 135,638 | 4,192,263 | 4,214,164 |
| Note | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| f | E | |||||
| Fixed assets | ||||||
| Tangible assets | 2,864,917 | 2,848,995 | ||||
| Investments | 10 | 878,966 | 869,205 | |||
| 3,743,883 | 3,718,200 | |||||
| Current assets | ||||||
| Debtors | 34,625 | 27,334 | ||||
| Cash at bank | 418,925 | 473,090 | ||||
| 453,550 | 500,424 | |||||
| Creditors: amounts | falling due within one year | 12 | 5,170 | 4,460 | ||
| Net current | assets | 448,380 | 495,964 | |||
| Net assets | 4,192,263 | 4,214,164 | ||||
| Funds ofthe | charity | |||||
| Restricted income | funds | 15 | 135,638 | 123,684 | ||
| Unrestricted | funds | |||||
| Designated fixed |
assets fund | 15 | 2,864,917 | 2,848,995 | ||
| Other designated | funds | 15 | 1,107,338 | 1,142,163 | ||
| Unrestricted | genera | I funds | 15 | 84,370 | 99,322 | |
| Total unrestricted | funds | 4,056,625 | 4,090,480 | |||
| Total charity | funds | 4,192,263 | 4,214,164 |
| Note | 2023 | 2022 | |
|---|---|---|---|
| f | f | ||
| Cash flows from operating activities |
|||
| Net income before unrealised losses on investments |
13,240 | 7,866 | |
| Adjustments to cash flows from non-cash items |
|||
| Depreciation | 8,443 | 7,538 | |
| Investment income |
(48,094) | (40,973) | |
| Working capital adjustments | |||
| (Increase)/decrease in debtors |
(7,291) | (11,200) | |
| Increase/(decrease) in creditors |
12 | 710 | (14,749) |
| Net cash outflows from operating activities |
(32,992) | (51,518) | |
| Cash flows from investing activities |
|||
| Interest receivable and similar income |
48,094 | 40,973 | |
| Net unrealised gains/(losses) on investments |
(35,141) | 16,034 | |
| Net proceeds ofsale ofinvestment property |
10 | 302,976 | |
| Purchase oftangible fixed assets | (24,365) | (55,944) | |
| Net cash outflows from investing activities |
(11,412) | 304,039 | |
| Net increase/(decrease) in cash and cash equivalents |
(44,404) | 252,521 | |
| Cash and cash equivalents at 1March 2022 |
1,342.295 | 1,089,774 | |
| Cash and cash equivalents at 28 February 2023 |
17 | 1,297,891 | 1,342,295 |
| . Income from donations and legac |
ies | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| funds | funds | 2023 | 2022 | |
| f | f | f | E | |
| From individuals | 1,311 | 1311 | 300 | |
| . Income from charitable activities | ||||
| Unrestricted | Restricted | Total | Total | |
| funds | funds | 2023 | 2022 | |
| f | f | f | f | |
| Rental income | 18,605 | 18,605 | 18,028 | |
| Grants and subsidies | 35,912 | 22,805 | 58,717 | 66,309 |
| 54,517 | 22,805 | 77,322 | 84,337 |
| mounted tof30,193the balance off . Investment income |
54,144 relating to | unrestricted fund |
s. | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| funds | funds | 2023 | 2022 | |
| f | f | f | f | |
| Income from Eden Tree investment | 44,902 | 44,902 | 39,882 | |
| Bank deposit interest | 1,846 | 1,346 | 3,192 | 1,091 |
| 46,748 | 1,346 | 48,094 | 40,973 |
| Unrestricted | Designated | Restricted | Total | Tota I | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | 2023 | 2022 | ||
| f | f. | f | f | f | ||
| Salaries and contributions |
pension | 48,091 | 48,091 | 46,250 | ||
| Sub-contract | 19,086 | 19,086 | 15,176 | |||
| Site maintenance | 17,775 | 4,095 | 21,870 | 32,266 | ||
| Bodwannick | site development | 5,007 | 5,007 | 9,205 | ||
| Property | 3,483 | 8,443 | 11,926 | 9,981 | ||
| Office | 1,158 | 1,158 | 746 | |||
| Travel 5subsistence | 3,121 | 3.121 | 2,331 | |||
| Legal and professional | 230 | 230 | ||||
| Governance | 2,510 | 2,510 | 1,665 | |||
| Sundry | 488 | 488 | 124 | |||
| 95,942 | 13,450 | 4,095 | 113,487 | 117,744 |
| et income/ex | penditure | for the year includes: | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| f | f | |||
| Depreciation | oftangible | fixed assets | 8,443 | 7,538 |
| Independent | examiner | fees | 1,860 | 1,000 |
| he aggre | gate payroll costs were as follows: |
||
|---|---|---|---|
| 2023f | 2022 f |
||
| Salaries | 46,254 | 44,498 | |
| Pension | contributions | 1,837 | 1,752 |
| 48,091 | 46,250 |
| 9. Tangible fixed asse | t | s | |||
|---|---|---|---|---|---|
| Land & buildings f |
Fixtures, fittings & equipment |
Total f |
|||
| Cost | |||||
| At 1March 2022 | 2,850,214 | 27,969 | 2,878,183 | ||
| Additions | 24,365 | 24,365 | |||
| At 28 February 2023 | 2,850,214 | 52,334 | 2,902,548 | ||
| Depreciation | |||||
| At 1March 2022 | 14,226 | 14,962 | 29,188 | ||
| Charge for the year | 2,928 | 5,515 | 8,443 | ||
| At 28 February 2023 | 17,154 | 20,477 | 37,631 | ||
| Net book value | |||||
| At 28 February 2022 | 2,835,988 | 13,007 | 2,848,995 | ||
| At 28 February 2023 | 2,833,060 | 31,857 | 2,864,917 | ||
| 10.Investments | |||||
| Eden Tree investment | fund | ||||
| 2023 | 2022 | ||||
| f | E | ||||
| Investments at valuation |
at 1March 2022 | 869,205 | 813,289 | ||
| Income reinvested | 44,902 | 39,882 | |||
| Revaluation | (35,141) | 16,034 | |||
| Investments at valuation |
at 28 February 2023 | 878,966 | 869,205 |
| cash surplus off302,97 11.Debtors |
6. | ||
|---|---|---|---|
| 2023 | 2022 | ||
| f | f | ||
| Trade debtors | 3,818 | 2,119 | |
| Other debtors | 875 | ||
| Accrued income | 29,583 | 24,885 | |
| Prepayments | 349 | 330 | |
| 34,625 | 27,334 | ||
| 2.Creditors: amounts | due within one year | ||
| 2023 | 2022 | ||
| f | f | ||
| Trade creditors | 2,680 | ||
| Accruals | 4,550 | 1,175 | |
| Taxation and Social Security | 620 | 605 | |
| 5,170 | 4,460 |
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| reimburse the costs incurred 6.Analysis ofnet assets between |
(paid out of unrestri funds |
cted funds) in |
2021. | |
|---|---|---|---|---|
| At 28 February 2023 | Unrestricted general funds |
Designated funds f |
Restricted funds f |
Total funds f |
| f | ||||
| Tangible fixed assets | 2,864,917 | 2,864,917 | ||
| Investments held as fixed assets |
878,966 | 878,966 | ||
| Current assets | 89,540 | 228,372 | 135,638 | 453,550 |
| Current liabilities |
(5,170) | (5,170) | ||
| Total net assets | 84,370 | 3,972,255 | 135,638 | 4,192,263 |
| 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) | ||
| Tota I net assets | 99,322 | 3,991,158 | 123,684 | 4,214,164 |
| 7.Cash and cash equivalents | ||
|---|---|---|
| 2023 | 2022 | |
| f | f | |
| Cash at bank and in hand | 418,925 | 473,090 |
| Investments | 878,966 | 869,205 |
| 1,297,891 | 1,342,295 |