2022-03-31-accounts

Charity registration number 1163345

THE GOOD SOIL TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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 - 3
Statement of Trustees' responsibilities	4
Independent examiner's report	5
Statement of financial activities	6 - 7
Statement of financial position	8
Notes to the financial statements	9 - 22

THE GOOD SOIL TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2022

The Trustees present their annual report and financial statements for the year ended 31 March 2022.

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

Good Soil has continued to focus its work on providing supported housing and structured activity for residents in the two houses it manages. At full capacity this will be 9 adults who are seeking to move on from homelessness, addiction or poor mental health. There is always some turnover in residents for a variety of reasons but the focus continues to be on building relationships of trust in order to facilitate growth and change.

Good Soil has continued to maintain and develop relationships with other agencies working in the sector, receiving referrals from a range of organisations and signposting residents to agencies for additional support or move-on accommodation.

Throughout the year donations from individuals continued to provide a valuable income stream and was supplemented by grant income from the Finnis Scott Foundation, Help the Homeless, the Souter Trust and the Arnold Clark Foundation.

The weekly feeding station project has continued throughout the year thanks to the dedication of volunteers in providing and serving the meals. Good Soil is part of a city-wide forum of organisations delivering food stations working together with Worcester City Council with a view to creating a more collaborative approach to maximise impact.

Plans for future periods

The Trustees continue to keep the future of Good Soil under review with the aim of ensuring that the Charity continues to meet the needs of marginalised and vulnerable people. Good Soil plans to continue to develop the work at the farm project in order to provide meaningful activity and employment readiness skills.

• 1 -

THE GOOD SOIL TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Financial review

During the year the net surplus amounted to £45,066 (2021 surplus £20,037), this increased the overall funds of the charity to £99,759 (2021 - £54,693) as at 31 March 2022.

The funds are made up of restricted funds, which has been donated for a specific purpose of £10,247 (2021 £14,015), designated funds of £4,401 (2021 - £nil) and unrestricted funds of £85,111 (2021 £40,678).

The charity's free reserves after eliminating fixed assets amounted to £83,797 (2021 £40,678).

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. The 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.

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.

• 2 -

THE GOOD SOIL TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

The Trustees' report was approved by the Board of Trustees.

J Harper Trustee 26 January 2023

N S A Morrell Trustee

• 3 -

THE GOOD SOIL TRUST

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2022

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:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• 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.

• 4 -

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 2022.

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:

• 1 accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

• 2 the financial statements do not accord with those records; or

• 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: 26 January 2023

• 5 -

THE GOOD SOIL TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

Current financial year Unrestricted Unrestricted Restricted funds funds funds general designated 2022 2022 2022 Notes £ £ £ Income from: Donations and legacies 3 50,627 - 5,756 Charitable activities 4 122,172 - - Total income 172,799 - 5,756 Expenditure on: Raising funds 5 2,740 - - Charitable activities 6 125,626 94 5,029 Total expenditure 128,366 94 5,029 Net incoming resources before transfers 44,433 (94) 727 Net incoming resources before transfers 44,433 (94) 727 Gross transfers between funds - 4,495 (4,495) Net income/(expenditure) for the year/ Net movement in funds 44,433 4,401 (3,768) Fund balances at 1 April 2021 40,678 - 14,015 Fund balances at 31 March 2022 85,111 4,401 10,247	Total 2022 £ 56,383 122,172 178,555 2,740 130,749 133,489 45,066 45,066 - 45,066 54,693 99,759	Total 2021 £ 59,410 106,712
		166,122
		2,464
		143,621
		146,085
		20,037 20,037 -
		20,037 34,656
		54,693

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

• 6 -

THE GOOD SOIL TRUST

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

Prior financial year

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 expenditure 126,454 19,631 Net incoming resources before transfers 23,168 (3,131) 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 2021 £ 59,410 106,712
	166,122
	2,464
	143,621
	146,085
	20,037
	20,037 34,656
	54,693

• 7 -

THE GOOD SOIL TRUST

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2022

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-general Designated funds 15 General unrestricted funds	2022 £ 8,861 85,029 93,890 (7,731) 4,401 85,111	£ 13,600 86,159 99,759 10,247 89,512 99,759	2021 £ 8,334 41,981 50,315 (6,136) - 40,678	£ 10,514 44,179
				54,693
				14,015 40,678
				54,693

The financial statements were approved by the Trustees on 26 January 2023

J Harper Trustee

N S A Morrell Trustee

• 8 -

THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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 amounts 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.

• 9 -

THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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:

Computers 20% on cost 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.

• 10 -

THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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 payments 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.

3 Donations and legacies

Unrestricted Restricted funds funds general 2022 2022 £ £ Donations and gifts 49,243 2,756 Legacies receivable 384 - Grants receivable 1,000 3,000 50,627 5,756	Total Unrestricted Restricted funds funds general 2022 2021 2021 £ £ £ 51,999 42,526 3,800 384 384 - 4,000 - 12,700 56,383 42,910 16,500	Total 2021 £ 46,326 384 12,700
		59,410

• 11 -

THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

3 Donations and legacies Grants receivable for core activities Worcestershire Community Foundation - Oliver Borthwick Memorial Trust - The National Lottery Community Fund - The Souter Charitable Trust - The Finnis Scott Foundation - The Arnold Clark Community Fund 1,000 1,000 4 Charitable activities Services provided under contract Charitable rental income Analysis by fund Unrestricted funds - general	- - - 2,000 1,000 - 3,000	- - - 2,000 1,000 1,000 4,000 Housing 2022 £ - 122,172 122,172 122,172	- - - - - - - Farm 2021 £ 2,652 - 2,652 2,652	(Continued) 2,500 2,500 2,000 2,000 8,200 8,200 - - - - - - 12,700 12,700 Housing Total 2021 2021 £ £ - 2,652 104,060 104,060 104,060 106,712 104,060 106,712	(Continued) 2,500 2,500 2,000 2,000 8,200 8,200 - - - - - - 12,700 12,700 Housing Total 2021 2021 £ £ - 2,652 104,060 104,060 104,060 106,712 104,060 106,712
					12,700
					Total 2021 £ 2,652 104,060
					106,712
					106,712

5 Raising funds

	Unrestricted	Unrestricted
	funds	funds
	general	general
	2022	2021
	£	£
Fundraising and publicity
Staff costs	1,843	2,027
Support costs	355	357
Fundraising and publicity	2,198	2,384

• 12 -

THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

5	Raising funds Trading costs Other trading activities	(Continued) 542 80 2,740 2,464	(Continued) 542 80 2,740 2,464
			2,464

• 13 -

THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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 - general Unrestricted funds - designated Restricted funds	Farm Housing Outreach 2022 2022 2022 £ £ £ 35,794 31,640 2,499 2,478 - - - 44,260 - 864 - - 347 - - - - 294 39,483 75,900 2,793 6,162 4,976 355 - 1,080 - 45,645 81,956 3,148 45,551 76,927 3,148 94 - - - 5,029 - 45,645 81,956 3,148	Total 2022 £ 69,933 2,478 44,260 864 347 294 118,176 11,493 1,080 130,749 125,626 94 5,029 130,749	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

• 14 -

THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

7 Support costs

Support costs Governance costs £ £ Depreciation 1,906 - Staff welfare and training 1,280 - Office costs 1,726 - Insurance 1,876 - Motor vehicle costs 4,187 - Legal and professional 784 - Other costs 89 - Accountancy - 1,080 11,848 1,080 Analysed between Fundraising 355 - Charitable activities 11,493 1,080 11,848 1,080	2022Support costs Governance costs £ £ £ 1,906 3,400 - 1,280 - - 1,726 481 - 1,876 2,134 - 4,187 5,569 - 784 326 - 89 810 - 1,080 - 960 12,928 12,720 960 355 357 - 12,573 12,363 960 12,928 12,720 960	2021 £ 3,400 - 481 2,134 5,569 326 810 960
		13,680
		357 13,323
		13,680

Governance costs includes payments to the independent examiners of £1,080 (2021- £960) for examination fees.

8 Trustees

During the year one Trustee, N S A Morrell received remuneration amounting to £16,620 (2021 £16,307) for his role as head of Operations with the Charity.

9 Employees

The average monthly number of employees during the year was:

	2022	2021
	Number	Number
	4	6
Employment costs	2022	2021
	£	£
Wages and salaries	68,913	72,775
Social security costs	796	86
Other pension costs	2,067	1,989
	71,776	74,850

• 15 -

THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

9 Employees

(Continued)

There were no employees whose annual remuneration was more than £60,000.

10 Property, plant and equipment Computers Motor £ Cost At 1 April 2021 - Additions 978 Disposals - At 31 March 2022 978 Depreciation and impairment At 1 April 2021 - Depreciation charged in the year 147 Eliminated in respect of disposals - At 31 March 2022 147 Carrying amount At 31 March 2022 831 At 31 March 2021 - 11 Trade and other receivables Amounts falling due within one year: Other receivables Prepayments and accrued income 12 Current liabilities Other taxation and social security Other payables Accruals and deferred income	vehicles £ 29,450 4,495 (7,000) 26,945 18,935 2,241 (7,000) 14,176 12,769 10,514 2022 £ 7,887 974 8,861 2022 £ 2,776 2,614 2,341 7,731	Total £ 29,450 5,473 (7,000) 27,923 18,935 2,388 (7,000) 14,323 13,600 10,514 2021 £ 6,288 2,046 8,334 2021 £ 1,286 3,890 960 6,136

• 16 -

THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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 £2,067 (2021 - £1,989).

• 17 -

THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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	Transfers	Balance at
	1 April 2020	resources	expended 1 April 2021		resources	expended		31 March
	£	£	£	£	£	£	£	2022 £
Resident Support fund	127	-	(127)	-	400	(400)	-	-
Farm / Development project	5,000	-	(5,000)	-	3,000	(2,000)	-	1,000
Minibus Fund	12,019	-	(3,004)	9,015	-	(2,254)	-	6,761
Worcestershire Community Foundation	-	2,500	(2,500)	-	-	-	-	-
Oliver Borthwick Memorial Trust	-	2,000	(300)	1,700	-	(375)	-	1,325
The National Lottery Community Fund	-	8,200	(8,200)	-	-	-	-	-
Ben Giligan	-	3,000	-	3,000	-	-	(3,000)	-
Steve Gilgan	-	300	-	300	-	-	-	300
David Collett	-	500	(500)	-	-	-	-	-
Sailing club	-	-	-	-	500	-	-	500
Bromwich Road Mission	-	-	-	-	1,000	-	(1,000)	-
Other donations	-	-	-	-	856	-	(495)	361
	17,146	16,500	(19,631)	14,015	5,756	(5,029)	(4,495)	10,247

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THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

14 Restricted funds

(Continued)

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.

Ben Giligan - monies received towards the van appeal.

Bromwich Road Mission - monies received towards the van appeal.

Sailing Club - monies received for boat.

• 19 -

THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

15 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

	Movement
	in funds
	Incoming	Balance at	Resources	Transfers	Balance at
	resources 1 April 2021		expended		31 March
	£	£	£	£	2022 £
Van	-	-	(94)	4,495	4,401
	-	-	(94)	4,495	4,401

Van - represents the net book value of the charity van purchased from restricted donations.

• 20 -

THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

16 Analysis of net assets between funds Unrestricted funds Designated funds Restricted funds 2022 2022 2022 £ £ £ Fund balances at 31 March 2022 are represented by: Property, plant and equipment 1,314 4,401 7,885 Current assets/(liabilities) 83,797 - 2,362 85,111 4,401 10,247	Total Unrestricted funds Restricted funds 2022 2021 2021 £ £ £ 13,600 - 10,514 86,159 40,678 3,501 99,759 40,678 14,015	Total 2021 £ 10,514 44,179
		54,693

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THE GOOD SOIL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

17 Related party transactions

There were no disclosable related party transactions during the year (2021 - none).

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