| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 4 | |
| Independent Examiner's |
Report | |||
| Statement ofFinancial | Activities | |||
| Balance Sheet | ||||
| Notes to the Financial Statements | 8 | to | 13 | |
| Detailed Statement ofFinancial Activities | 14 | to | 15 |
| 31.12.22 | 31.12.21 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | fund | funds | funds | ||||
| Notes | |||||||
| INCOME | AND ENDOWMENTS FROM | ||||||
| Donations | and legacies | 19,350 | 39,782 | 59,132 | 97,039 | ||
| Charitable | activities | ||||||
| Farming | 155,417 | 155,417 | 147,139 | ||||
| Investment | income | 477 | 477 | 19 | |||
| Other income | 2,511 | 2,511 | 9,432 | ||||
| Total | 177,755 | 39,782 | 217,537 | 253,629 | |||
| EXPENDITURE ON | |||||||
| Charitable | activities | ||||||
| Fundraising | 4,718 | 4,718 | 2,186 | ||||
| Farming | 131,330 | 57,686 | 189,016 | 196,349 | |||
| Corporate | governance | 1,456 | 1,456 | 2,220 | |||
| Administrative costs |
26,987 | 1,660 | 28,647 | 14,921 | |||
| Financial costs | 227 | 227 | 566 | ||||
| Total | 164,718 | 59,346 | 224,064 | 216,242 | |||
| NKT INCOME/(EXPENDITURE) | 13,037 | (19,564) | (6,527) | 37,387 | |||
| RECONCILIATION | OF FUNDS . | ||||||
| Total funds | brought forward |
368,463 | 35,349 | 403,812 | 366,425 | ||
| TOTAL FUNDS CARRIED FORWARD | 381,500 | 15,785 | 397,285 | 403,812 |
| Balance Sheet | Balance Sheet | ||||
|---|---|---|---|---|---|
| 31 | December 2022 | ||||
| 31.12.22 | 31.12.21 | ||||
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets |
232,035 | 189,464 | 421,499 | 408,030 | |
| CURRENT ASSETS | |||||
| Cash at bank | 154,478 | 10,462 | 164,940 | 189,394 | |
| CREDITORS | |||||
| Amounts falling due within one year |
6 | (5,013) | (9,725) | (14,738) | (11,007) |
| NET CURRENT ASSETS | 149,465 | 737 | 150,202 | 178,387 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 381,500 | 190,201 | 571,701 | 586,417 | |
| CREDITORS | |||||
| Amounts falling due after more than one year |
7 | (174,416) | (174,416) | (182,605) | |
| NET ASSETS | 381,500 | 15,785 | 397,285 | 403,812 | |
| FUNDS | |||||
| Unrestricted funds |
381,500 | 368,463 | |||
| Restricted funds | 15,785 | 35,349 | |||
| TOTAL FUNDS | 397,285 | 403,812 |
| Improvements to property |
Improvements to property |
Improvements to property |
20%on cost, 10%on cost, 2% on cost and 1%on cost |
|---|---|---|---|
| Plant and | machinery | 25%on cost, 20% on cost, 15%on reducing balance and 10% | |
| on cost | |||
| Farming | equipment | -mechanical | 15%on cost |
| Farming | equipment | -other | 20%on cost and 10%on cost |
| TANGIBLE FIXEDASSETS | |||
|---|---|---|---|
| Improvements | |||
| Long | to | Plant and | |
| leasehold | property | machinery | |
| COST | |||
| At 1 January 2022 | 80,000 | 329,378 | 22,064 |
| Additions | 28,328 | 5,570 | |
| Disposals | |||
| At 31December 2022 | 80,000 | 357,706 | 27,634 |
| DEPRECIATION | |||
| At I January 2022 | 2,803 | 40,028 | 945 |
| Charge for year | 800 | 12,588 | 2,793 |
| Eliminated on disposal |
|||
| At 31 December 2022 | 3,603 | 52,616 | 3,738 |
| NKT BOOK VALUE | |||
| At 31 December 2022 | 76,397 | 305,090 | 23,896 |
| At 31December 2021 | 77,197 | 289,350 | 21,119 |
| TANGIBLE FIXEDASSETS - continued | |||||
|---|---|---|---|---|---|
| Farming | Farming | ||||
| equipment | equipment | Computer | |||
| —mechanical | —other | equipment | Totals | ||
| COST | |||||
| At 1 January 2022 |
36,097 | 15,846 | 4,870 | 488,255 | |
| Additions | 6,486 | 40,384 | |||
| Disposats | (5,000) | (5,000) | |||
| At 31December 2022 | 37,583 | 15,846 | 4,870 | 523,639 | |
| DEPRECIATION | |||||
| At 1 January 2022 | 23,466 | 11,454 | 1,527 | 80,223 | |
| Charge for year | 5,701 | 1,895 | 1,019 | 24,796 | |
| Eliminated on disposal |
(2,879) | (2,879) | |||
| At 31 December 2022 | 26,288 | 13,349 | 2,546 | 102,140 | |
| NKT BOOK VALUE | |||||
| At 31 December 2022 | 11,295 | 2,497 | 2,324 | 421,499 | |
| At 31 December 2021 | 12,631 | 4,392 | 3,343 | 408,032 | |
| CREDITORS: AMOUNTS FALLING DUK WITHIN ONK | YEAR | ||||
| 31.12.22 | 31.12.21 | ||||
| Trade creditors | 1,117 | 90 | |||
| Social security and other taxes | 2,746 | 2,756 | |||
| Other creditors | 1,253 | ||||
| Accrued expenses | 1,150 | 2,172 | |||
| Deferred capital grants | 9,725 | 4,736 | |||
| 14,738 | 11,007 | ||||
| CREDITORS: AMOUNTS FALLING DUE AFTER MORE | THAN ONK | YEAR | |||
| 31.12.22 | 31.12.21 | ||||
| Deferred capital grants | 174,416 | 182,605 | |||
| MOVEMENT IN FUNDS | |||||
| Net | |||||
| movement | At | ||||
| At | 1.1.22 | in funds | 31.12.22 | ||
| f | |||||
| Unrestricted funds |
|||||
| General fund |
368,463 | 13,037 | 381,500 | ||
| Restricted funds |
|||||
| Restricted fund | 35,349 | (19,564) | 15,785 | ||
| TOTAL FUNDS | 403,812 | (6,527) | 397,285 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| Unrestricted funds |
|||||
| General fund | 177,755 | (164,718) | 13,037 | ||
| Restricted funds |
|||||
| Restricted fund |
39,782 | (59,346) | (19,564) | ||
| TOTAL FUNDS | 217,537 | (224,064) | (6,527) | ||
| Comparatives for movement |
in funds | ||||
| Net | |||||
| movement | At | ||||
| At 1.1.21 | in funds | 31.12.21 | |||
| Unrestricted funds |
|||||
| General fund | 342,220 | 26,243 | 368,463 | ||
| Restricted funds |
|||||
| Restricted fund |
24,205 | 11,144 | 35,349 | ||
| TOTAL FUNDS | 366,425 | 37,387 | 403,812 | ||
| Comparative net movement |
in | funds, included | in the above are as follows: | ||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| Unrestricted funds |
|||||
| General fund | 180,935 | (154,692) | 26,243 | ||
| Restricted funds |
|||||
| Restricted fund |
72,694 | (61,550) | 11,144 | ||
| TOTAL FUNDS | 253,629 | (216,242) | 37,387 |
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.21 | in funds | 31.12.22 | |
| Unrestricted funds |
|||
| General fund | 342,220 | 39,280 | 381,500 |
| Restricted funds |
|||
| Restricted fund | 24,205 | (8,420) | 15,785 |
| TOTAL FUNDS | 366,425 | 30,860 | 397,285 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| Unrestricted funds |
|||
| General fund | 358,690 | (319,410) | 39,280 |
| Restricted funds |
|||
| Restricted fund | 112,476 | (120,896) | (8,420) |
| TOTAL FUNDS | 471,166 | (440,306) | 30,860 |
| Donor | Purpose | Fund | ||
|---|---|---|---|---|
| East Suffolk Council | Mower, strimmer, secret garden |
Restricted | 6,266 | |
| TOTAL RK CAPITAL ITEMS | 6,266 | |||
| Leading Lives | Funding for converting hay barn |
to veg area | Restricted | 3,000 |
| East Suffolk Council | Wheelchair Access Path |
Restricted | 3,000 | |
| Norfolk County Council | Litt course 2nd instalment | Restricted | 6,429 | |
| Learning and Growing Healthier |
Together | |||
| Groundwork UK TE |
Course | Restricted | 1,125 | |
| Norfolk County Council | Litt course 3rd instalment | Restricted | 6,428 | |
| East Suffolk Council | Community Garden |
Restricted | 4,650 | |
| East Suffolk Council | Clover Court Visits | Restricted | 2,520 | |
| Suffolk County Council | J.Muir | Restricted | 3,600 | |
| Suffolk County Council | Lonely &Isolation Group | Restricted | 2,400 | |
| East Suffolk Council | Warm Rooms Grant (cost ofliving) | Restricted | 2,860 | |
| Suffolk Community Foundation |
Project with Gunton Primary School | Restricted | 2,000 | |
| Suffolk Community -Grant |
Warm Rooms Grant (cost ofliving) | Restricted | 1,770 | |
| TOTAL RE REVENUE ITEMS | 39,782 |
| for the Year Ended 31 | December 2022 | ||
|---|---|---|---|
| 31.12.22 | 31.12.21 | ||
| INCOME AND | ENDOWMENTS | ||
| Donations and legacies |
|||
| Donations | 16,687 | 22,621 | |
| Gilt aid | 983 | 1,291 | |
| Grants | 39,782 | 72,694 | |
| Gate donations | 1,680 | 433 | |
| 59,132 | 97,039 | ||
| Investment income |
|||
| Bank interest received | 477 | 19 | |
| Charitable activities |
|||
| Service user fees | 155,417 | 147,139 | |
| Other income | |||
| Government Covid-19 grants |
9,432 | ||
| Other income | 2,511 | ||
| 2,511 | 9,432 | ||
| Total incoming | resources | 217,537 | 253,629 |
| EXPENDITURE | |||
| Charitable activities |
|||
| Wages | 73,844 | 73,277 | |
| Social security | 2,700 | 2,256 | |
| Pensions | 1,278 | 1,080 | |
| Farm maintenance | 24,053 | 37,339 | |
| Livestock costs | 4,948 | 2,880 | |
| Fundraising expenses |
4,718 | 2,186 | |
| 111,541 | 119,018 | ||
| Support costs | |||
| Management | |||
| Wages | 60,247 | 57,814 | |
| Social security | 3,357 | 3,199 | |
| Pensions | 1,140 | 1,072 | |
| Rates and water | 2,424 | 293 | |
| Insurance | 4,849 | 4,346 | |
| Light and heat | 11,595 | 5,507 | |
| Administration | costs | 5,354 | 1,682 |
| Postage and stationery | 594 | 193 | |
| Stafftraining | 2,539 | 2,082 | |
| Travel and subsistence | 1,292 | 818 | |
| 93,391 | 77,006 |
| Detailed Statement ofFinancial Activities | |||||
|---|---|---|---|---|---|
| for the Year Ended 31December 2022 | |||||
| 31.12.22 | 31.12.21 | ||||
| f | |||||
| Management | |||||
| Finance | |||||
| Bank charges | 227 | 566 | |||
| Depreciation | |||||
| Long leasehold | 800 | 800 | |||
| Improvements | to property | 5,267 | 7,555 | ||
| Plant and machinery | 2,302 | 424 | |||
| Farming equipment |
-mechanical | 4,653 | 5,415 | ||
| Farming equipment |
-other | 1,895 | 2,827 | ||
| Computer equipment |
411 | 411 | |||
| Loss on sale | oftangible fixed assets | 2,121 | |||
| 17,449 | 17,432 | ||||
| Governance | costs | ||||
| Accountancy | and legal fees | 1,456 | 2,220 | ||
| Total resources | expended | 224,064 | 216,242 | ||
| Net (expenditure)/income | (6,527) | 37,387 |