Charity Registration No. 1163345
THE GOOD SOIL TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
THE GOOD SOIL TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | J Harper |
|---|---|
| J S Gillgan | |
| N S A Morrell | |
| J Reakes-Williams | |
| Charity number | 1163345 |
| Registered office | Top Barn Farm |
| Worcester Road | |
| Holt Heath | |
| Worcester | |
| WR6 6NH | |
| Independent examiner | Kendall Wadley |
| Granta Lodge | |
| 71 Graham Road | |
| Malvern | |
| Worcestershire | |
| WR14 2JS | |
| Bankers | Santander UK plc |
| Bootle | |
| Merseyside | |
| L30 4GB | |
| Solicitors | Anthony Collins Solicitors LLP |
| 134 Edmund Street | |
| Birmingham | |
| B3 2ES |
THE GOOD SOIL TRUST
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Statement of Trustees' responsibilities | 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 - 17 |
THE GOOD SOIL TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2021
The Trustees present their annual report and financial statements for the year ended 31 March 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's constitution , the Charities Act 2011 and "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 ).
Objectives and activities
The objects of the CIO are, for the public benefit:
To advance the Christian faith in accordance with the statement of beliefs in the Constitution; to relieve sickness and financial hardship and to promote and preserve good health; and to advance education and provide recreational activities in the interest of social welfare with a view to improving the conditions of life.
In accordance with these objectives outreach has been to adult individuals facing issues of addiction, homelessness, unemployment, mental health or a combination of these.
Intervention activities have included a Saturday night weekly food station for the homeless and vulnerable in the city of Worcester; land-based therapeutic activity at The Good Soil Project, Top Barn Farm, Worcestershire and the provision of supported housing.
Public benefit
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
Achievements and performance
The past year has seen consolidation of previous years’ work particularly with respect to housing and the establishment of the second Good Soil house in late 2019. With an increase in capacity to accommodate 9 residents when full, attendance at the Good Soil farm has been limited to residents and a small number of individuals who were interested in exploring the option of Good Soil accommodation.
The focus has remained on building a strong sense of a supportive community within Good Soil, developing relationships of trust between residents and with staff.
Financial support through donations continued to hold steady, and was supplemented by grant income from the Oliver Borthwick Trust and the Worcester Community Fund.
Our work is gaining recognition from other agencies involved in the homelessness sector in Worcester and we continue to receive referrals for housing from a range of other organisations including Worcester City Council, CCP, Probation Services, Maggs’ Day Centre and St Pauls Hostel.
In spite of the pandemic, the Feeding Station programme continued to deliver hot meals for homeless and disadvantaged people every week, thanks to the team of committed volunteers.
Financial review
During the year the net surplus amounted to £20,037 (2020 surplus £14,519), this increased the overall funds of the charity to £54,693 (£34,656) as at 31 March 2021.
The funds are made up of restricted funds, which has been donated for a specific purpose of £14,015 (2020 £17,146) and unrestricted funds of £40,678 (2020 £17,510).
The charity's free reserves after eliminating fixed assets amounted to £40,678 (2020 £17,415).
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THE GOOD SOIL TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
Reserves policy
It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity ’s current activities while consideration is given to ways in which additional funds may be raised. Th e Trustees are currently working towards meeting this level of reserves .
Risk management
The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Plans for future periods
The Trustees continue to keep the future of Good Soil under review with the aim of ensuring that Good Soil continues to meet the needs of marginalised and vulnerable people in the area. Good Soil plans to continue to develop the work at the farm in order to provide meaningful activity and employment readiness skills.
Structure, governance and management
The Charity is a charitable incorporated organisation (CIO) governed by a constitution dated 2 February 2015. The charity was registered with the Charity Commission on 28th August 2015, Charity number 1163345.
The Trustees who served during the year and up to the date of signature of the financial statements were: J Harper
J S Gillgan N S A Morrell J Reakes-Williams
Organisational structure
The affairs of the CIO are managed by the charity Trustees. The Trustees meet regularly to review the finances and decide matters of policy. A Operations Director is appointed by the Trustees to run the day-to-day operations. The remuneration of management is set by the Trustees.
Appointment
When new Trustees are appointed, they are provided with the information about the role of Trustees and Charity law. The term of office for a Trustee is two years. Any person retiring as a trustee is eligible for reappointment. Every Trustee must be appointed by a resolution passed at a properly convened meeting of the Trustees.
The CIO constitution makes provision for Charity Trustees to be remunerated in Clause 7.2 & 7.3: (Clause 7.2.3) "Subject to Clause 7.3 a Charity Trustee or connected person may be employed (other than as a Charity Trustee) by the CIO."
All Charity Trustees may receive reimbursement for reasonable and proper expenses incurred in carrying out their duties.
The Trustees' r eport was approved by the Board of Trustees.
J Harper Trustee 25 January 2022
N S A Morrell Trustee
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THE GOOD SOIL TRUST
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2021
The Trustees 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).
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that year.
In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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THE GOOD SOIL TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GOOD SOIL TRUST
I report to the Trustees on my examination of the financial statements of The Good Soil Trust (the Charity) for the year ended 31 March 2021.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 that in any material respect:
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1 accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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 financial statements to be reached.
Sarah Morley ACA
Kendall Wadley Granta Lodge 71 Graham Road Malvern Worcestershire WR12 4JS
Dated: 25 January 2022
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THE GOOD SOIL TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021
| Unrestricted Restricted funds funds 2021 2021 Notes £ £ Income from: Donations and legacies 3 42,910 16,500 Charitable activities 4 106,712 - Total income 149,622 16,500 Expenditure on: Raising funds 5 2,464 - Charitable activities 6 123,990 19,631 Total resources expended 126,454 19,631 Net income/(expenditure) for the year/ Net movement in funds 23,168 (3,131) Fund balances at 1 April 2020 17,510 17,146 Fund balances at 31 March 2021 40,678 14,015 |
Total Unrestricted Restricted funds funds 2021 2020 2020 £ £ £ 59,410 54,791 18,472 106,712 78,818 - 166,122 133,609 18,472 2,464 3,916 - 143,621 116,295 17,351 146,085 120,211 17,351 20,037 13,398 1,121 34,656 4,112 16,025 54,693 17,510 17,146 |
Total 2020 £ 73,263 78,818 152,081 3,916 133,646 137,562 14,519 20,137 34,656 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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THE GOOD SOIL TRUST
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2021
| Notes Fixed assets Property, plant and equipment 10 Current assets Trade and other receivables 11 Cash at bank and in hand Current liabilities 12 Net current assets Total assets less current liabilities Income funds Restricted funds 14 Unrestricted funds |
2021 £ 8,334 41,981 50,315 (6,136) |
£ 10,514 44,179 54,693 14,015 40,678 54,693 |
2020 £ 4,415 20,504 24,919 (2,377) |
£ 12,114 22,542 34,656 17,146 17,510 34,656 |
|---|---|---|---|---|
The financial statements were approved by the Trustees on 25 January 2022
J Harper Trustee
N S A Morrell Trustee
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THE GOOD SOIL TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1 Accounting policies
Charity information
The Good Soil Trust is a Charitable Incorporated Organisation (CIO). The address of the registered office is Top Barn Harvest Shop, Worcester Road, Holt Heath, Worcester, WR6 6NH.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charity's constitution, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling , which is the functional currency of the Charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, the principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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THE GOOD SOIL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
1 Accounting policies
(Continued)
1.5 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. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Property, plant and equipment
Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Motor vehicles
25% on net book value
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .
1.7 Impairment of non-current assets
At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less .
1.9 Financial instruments
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity 's balance sheet when the Charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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THE GOOD SOIL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including trade and other payables and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity ’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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THE GOOD SOIL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
3 Donations and legacies
| Unrestricted Restricted funds funds 2021 2021 £ £ Donations and gifts 42,526 3,800 Legacies receivable 384 - Grants receivable - 12,700 42,910 16,500 Grants receivable for core activities Worcestershire Community Foundation - 2,500 Oliver Borthwick Memorial Trust - 2,000 The National Lottery Community Fund - 8,200 Souter Trust - - Lasletts - - Alfred Haines Charitable Trust - - Round Table - - Fortis / Travis Perkins - - Other - - - 12,700 4 Charitable activities Farm Housing 2021 2021 £ £ Services provided under contract 2,652 - Charitable rental income - 104,060 2,652 104,060 Analysis by fund Unrestricted funds 2,652 104,060 |
TotalUnrestricted Restricted funds funds 2021 2020 2020 £ £ £ 46,326 49,037 3,472 384 384 - 12,700 5,370 15,000 59,410 54,791 18,472 2,500 - - 2,000 - 4,000 8,200 - - - - 5,000 - - 5,000 - - 1,000 - 1,000 - - 2,000 - - 2,370 - 12,700 5,370 15,000 Total Farm Housing 2021 2020 2020 £ £ £ 2,652 1,324 - 104,060 - 77,494 106,712 1,324 77,494 106,712 1,324 77,494 |
Total 2020 £ 52,509 384 20,370 73,263 - 4,000 - 5,000 5,000 1,000 1,000 2,000 2,370 20,370 Total 2020 £ 1,324 77,494 78,818 78,818 |
|
|---|---|---|---|
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THE GOOD SOIL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
5 Raising funds
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2021 | 2020 | |
| £ | £ | |
| Fundraising and publicity | ||
| Staff costs | 2,027 | 3,589 |
| Support costs | 357 | - |
| Fundraising and publicity | 2,384 | 3,589 |
| Trading costs | ||
| Other trading activities | 80 | 327 |
| 2,464 | 3,916 |
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THE GOOD SOIL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
6 Charitable activities
| Staff costs Farm project Housing project Arts and craft project Feeding station project Outreach Share of support costs (see note 7) Share of governance costs (see note 7) Analysis by fund Unrestricted funds Restricted funds |
Farm Housing Outreach 2021 2021 2021 £ £ £ 41,399 28,746 2,678 6,861 - - - 46,563 - 3,714 - - 180 - - - - 157 52,154 75,309 2,835 7,165 4,727 471 - 960 - 59,319 80,996 3,306 58,819 61,865 3,306 500 19,131 - 59,319 80,996 3,306 |
Total 2021 £ 72,823 6,861 46,563 3,714 180 157 130,298 12,363 960 143,621 123,990 19,631 143,621 |
Farm Housing Outreach 2020 2020 2020 £ £ £ 41,361 32,429 3,078 4,192 - - - 38,116 - 976 - - 627 - - - - 1,476 47,156 70,545 4,554 6,219 4,413 409 - 350 - 53,375 75,308 4,963 53,375 57,957 4,963 - 17,351 - 53,375 75,308 4,963 |
Total 2020 £ 76,868 4,192 38,116 976 627 1,476 122,255 11,041 350 133,646 116,295 17,351 133,646 |
|---|---|---|---|---|
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THE GOOD SOIL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
7 Support costs
| Support costs Governance costs £ £ Depreciation 3,400 - Office costs 481 - Insurance 2,134 - Motor vehicle costs 5,569 - Legal and professional 326 - Other costs 810 - Accountancy - 960 12,720 960 Analysed between Fundraising 357 - Charitable activities 12,363 960 12,720 960 |
2021 Support costs Governance costs £ £ £ 3,400 4,039 - 481 130 - 2,134 2,073 - 5,569 4,074 - 326 245 - 810 480 - 960 - 350 13,680 11,041 350 357 - - 13,323 11,041 350 13,680 11,041 350 |
2020 £ 4,039 130 2,073 4,074 245 480 350 11,391 - 11,391 11,391 |
|---|---|---|
Governance costs includes payments to the independent examiners of £ 960 (2020- £ 350 ) for examination fees.
8 Trustees
During the year one Trustee, N S A Morrell received remuneration amounting to £16,307 (2020 £10,673) for his role as head of Operations with the Charity.
9 Employees
The average monthly number of employees during the year was:
| 2021 | 2020 |
|---|---|
| Number | Number |
| 6 | 7 |
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THE GOOD SOIL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
| 9 Employees Employment costs Wages and salaries Social security costs Other pension costs |
(Continued) 2021 2020 £ £ 72,775 76,804 86 1,453 1,989 2,200 74,850 80,457 |
|---|---|
There were no employees whose annual remuneration was more than £60,000.
10 Property, plant and equipment
| Motor Cost At 1 April 2020 Additions At 31 March 2021 Depreciation and impairment At 1 April 2020 Depreciation charged in the year At 31 March 2021 Carrying amount At 31 March 2021 At 31 March 2020 |
vehicles £ 27,650 1,800 29,450 15,536 3,400 18,936 10,514 12,114 |
|---|---|
11 Trade and other receivables
| Amounts falling due within one year: Other receivables Prepayments and accrued income |
2021 £ 6,288 2,046 8,334 |
2020 £ 3,601 814 4,415 |
|---|---|---|
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THE GOOD SOIL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
| 12 Current liabilities Other taxation and social security Other payables Accruals and deferred income |
2021 £ 1,286 3,890 960 6,136 |
2020 £ 1,018 1,359 - 2,377 |
|---|---|---|
13 Retirement benefit schemes
Defined contribution schemes
The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.
The charge to profit or loss in respect of defined contribution schemes was £1,989 (2020 - £2,200).
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THE GOOD SOIL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
14 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Movement in funds | Movement in funds | Movement in funds | Movement in funds | ||||
|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Balance at | Incoming | Resources | Balance at | |
| 1 April 2019 | resources | expended | 1 April 2020 | resources | expended 31 |
March 2021 | |
| £ | £ | £ | £ | £ | £ | £ | |
| Housing set up fund | - | 5,000 | (5,000) | - | - | - | - |
| Resident Support fund | - | 650 | (523) | 127 | - | (127) | - |
| Farm / Development project | - | 5,000 | - | 5,000 | - | (5,000) | - |
| Relapse Prevention Programme (Genesis) | - | 4,000 | (4,000) | - | - | - | - |
| Minibus Fund | 16,025 | - | (4,006) | 12,019 | - | (3,004) | 9,015 |
| Staff Wages | - | 1,500 | (1,500) | - | - | - | - |
| Outreach / Key worker support | - | 2,322 | (2,322) | - | - | - | - |
| Worcestershire Community Foundation | - | - | - | - | 2,500 | (2,500) | - |
| Oliver Borthwick Memorial Trust | - | - | - | - | 2,000 | (300) | 1,700 |
| The National Lottery Community Fund | - | - | - | - | 8,200 | (8,200) | - |
| Ben Giligan | - | - | - | - | 3,000 | - | 3,000 |
| Steve Gilgan | - | - | - | - | 300 | - | 300 |
| David Collett | - | - | - | - | 500 | (500) | - |
| 16,025 | 18,472 | (17,351) | 17,146 | 16,500 | (19,631) | 14,015 |
Farm / Development Project - funds received from the Souter Trust in connection to the work development programme.
Worcestershire Community Foundation - monies received to assist during Covid-19.
Oliver Borthwick Memorial Trust - grant towards cost of a van for gardening and produce.
The National Lottery Community Fund - grant to assist during Covid-19.
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THE GOOD SOIL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
| 15 Analysis of net assets between funds Unrestricted funds Restricted funds 2021 2021 £ £ Fund balances at 31 March 2021 are represented by: Property, plant and equipment - 10,514 Current assets/ (liabilities) 40,678 3,501 40,678 14,015 |
TotalUnrestricted funds Restricted funds 2021 2020 2020 £ £ £ 10,514 95 12,019 44,179 17,415 5,127 54,693 17,510 17,146 |
Total 2020 £ 12,114 22,542 34,656 |
|---|---|---|
16 Related party transactions
There were no disclosable related party transactions during the year (2020 - none) .
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