VENTNOR BOTANIC GARDEN Friends’ Society Reg. Charity No. 1174751
Legal and Administration Information for the Year ended 30th September 2022
Trustees: Sally Elizabeth Peake Caroline Jane Peel Jennifer Jane Parker Valerie Jean Pitts Timothy William Woodcock
Committee:
John Bagshawe Chairman to April 2022 Valerie Pitts Chairman from April 2022 Peter Coleman Deputy Chairman Timothy Woodcock Hon Treasurer Jennifer Parker Secretary Sally Peake Rosemary Stewart Rosalind Whistance Colin Smith Anne Hornett Bridgette Sibbick
President: Mike Fitt Charity No: 1174751 Bankers: NatWest Bank plc Ryde, Isle of Wight PO33 2PL
Independent Examiner: Roger E Sim
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VENTNOR BOTANIC GARDEN Friends’ Society Reg. Charity No. 1174751
Trustees’ Annual Report for the Year ended 30th September 2022
The Trustees present their report along with the financial statements of the Society for the year ended 30th September 2022. The financial statements comply with the Charities Act 1993 and the Charities SORP 2005.
Structure, Governance and Management
Ventnor Botanic Garden Friends’ Society is a Charitable Incorporated Organisation (Charity Number 1174751) established in September 2017 following the winding up of the previous body which was first established as a registered charity in 1996. As a membership organisation, the work of the Society is overseen by a Committee of Trustees with further elected and co-opted Committee members.
Ventnor Botanic Garden Friends’ Society is an affiliated member of The Royal Horticultural Society, the national garden charity for Great Britain.
Committee 2021 - 2022
John Bagshawe Chairman to April 2022 Valerie Pitts Chairman from April 2022 Peter Coleman Deputy Chairman Timothy Woodcock Treasurer Jennifer Parker Secretary Sally Peake Events Rosemary Stewart Communications Rosalind Whistance Editor, Ventnorensis Colin Smith Webmaster Anne Hornett Membership Secretary Bridgette Sibbick Events
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VENTNOR BOTANIC GARDEN Friends’ Society
Reg. Charity No. 1174751
Objectives and Activities of the Society
The Society’s objectives are to advance public education in botany, horticulture, ecology and environmental science at Ventnor Botanic Garden, and in furtherance of the objects in particular but not exclusively by:
-
(a) Holding lectures, discussions, demonstrations, workshops and seminars; (b) Maintaining and developing a reference library of horticulture books and journals;
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(c) Promoting and encouraging school visits and guided tours to further the education of all age groups;
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(d) Giving horticultural assistance in Ventnor Botanic Garden under the direction and with the agreement of the Curator, and practical assistance to all staff through volunteering opportunities;
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(e) Raising funds for specific projects within Ventnor Botanic Garden.
Achievements and Performance
In 2021 - 2022 Ventnor Botanic Garden Friends’ Society carried out activities as follows:
From October 2021 to September 2022 the Ventnor Botanic Garden Friends’ Society continued to support the Garden even though, with no prospect of restoration of the Gift Aid programme, our income remains much reduced. We make a large donation to VBG CIC to cover the cost of the part-time employment of a skilled trainer/mentor to facilitate the support of Volunteers within the Garden, and who contributes to the work of the Garden in many other ways. The Friends’ Society also allocates funds for the purchase of trees and shrubs when appropriate applications are received, which this year included an unusual hybrid palm tree planted to celebrate the 50[th] anniversary of the Garden.
Friends’ activities continue to support and encourage retention of the Garden volunteers.
Additional activities, which are part of our educational objects, are organised for the benefit of members and are also open to members of the public. They were still subject to Covid restrictions at the beginning of the period, but we were able to hold an exhibition of botanical paintings in October and, from May 2022, were able to recommence Botany Club walks, which continued throughout the summer.
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VENTNOR BOTANIC GARDEN Friends’ Society Reg. Charity No. 1174751
An outing to RHS Wisley was organised in June and we were finally able to plan for our annual Café Botanique lecture cycle which recommenced in September 2022. A new initiative this year saw a task force of Members come to the aid of Ventnor Town Council by taking over the tidying and ongoing maintenance of flower beds at the entrance to their Council office building. This enhances the public’s enjoyment of that area and also serves to raise awareness of The Friends and of Ventnor Botanic Garden.
Fund raising activities included several plant sales, soup lunches and donations at walks and talks. We are very grateful for the large input of time by all those Members that makes these events possible.
Two issues of Ventnorensis , our highly-valued colourful and informative magazine for members, were produced. Our website continues to be a promotional tool for events, along with regular e-mails for members.
Consideration of the requirements of the General Data Protection Regulations (GDPR) has been reviewed to ensure compliance and a review of Governance has commenced.
Valerie Jean Pitts
Chairman
18th June 2023
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Ventnor Botanic Garden Friends Society CIO Charity No. 1174751 Accounts for the period Period start date To 10/01/2021 Period end date 09/30/2022
Section A Statement of financial activities
| Total funds £ £ £ £ Incoming resources (Note 3) Income and endowments from: Donations and legacies 10,010 210 - 10,220 28,032 Charitable activities - - - - - Other trading activities 7,274 - - 7,274 3,285 Investments 57 - - 57 20 Separate material item of income - - - - - Other - - - - - Total 17,341 210 - 17,551 31,337 Resources expended (Note 4) Expenditure on: Raising funds 3,378 - - 3,378 1,924 Charitable activities 9,285 - - 9,285 29,964 Separate material item of expense - - - - - Other 3,237 - - 3,237 2,841 Total 15,900 - - 15,900 34,729 1,441 210 - 1,651 (3,392) Net gains/(losses) on investments - - - - - Net income/(expenditure) 1,441 210 - 1,651 (3,392) Extraordinary items - - - - - Transfers between funds - - - - - Gains and losses on revaluation of fxed assets for the charity’s own use - - - - - Other gains/(losses) - - - - - Net movement in funds 1,441 210 - 1,651 (3,392) Reconciliation of funds: Total funds brought forward (35,011) 11,503 - (23,508) (20,116) Total funds carried forward (33,570) 11,713 - (21,857) (23,508) Recommended categories by activity Unrestricted funds Restricted income funds Prior year funds Net income/(expenditure) before investment gains/(losses) Other recognised gains/(losses): |
Total funds £ £ £ £ Incoming resources (Note 3) Income and endowments from: Donations and legacies 10,010 210 - 10,220 28,032 Charitable activities - - - - - Other trading activities 7,274 - - 7,274 3,285 Investments 57 - - 57 20 Separate material item of income - - - - - Other - - - - - Total 17,341 210 - 17,551 31,337 Resources expended (Note 4) Expenditure on: Raising funds 3,378 - - 3,378 1,924 Charitable activities 9,285 - - 9,285 29,964 Separate material item of expense - - - - - Other 3,237 - - 3,237 2,841 Total 15,900 - - 15,900 34,729 1,441 210 - 1,651 (3,392) Net gains/(losses) on investments - - - - - Net income/(expenditure) 1,441 210 - 1,651 (3,392) Extraordinary items - - - - - Transfers between funds - - - - - Gains and losses on revaluation of fxed assets for the charity’s own use - - - - - Other gains/(losses) - - - - - Net movement in funds 1,441 210 - 1,651 (3,392) Reconciliation of funds: Total funds brought forward (35,011) 11,503 - (23,508) (20,116) Total funds carried forward (33,570) 11,713 - (21,857) (23,508) Recommended categories by activity Unrestricted funds Restricted income funds Prior year funds Net income/(expenditure) before investment gains/(losses) Other recognised gains/(losses): |
Total funds £ £ £ £ Incoming resources (Note 3) Income and endowments from: Donations and legacies 10,010 210 - 10,220 28,032 Charitable activities - - - - - Other trading activities 7,274 - - 7,274 3,285 Investments 57 - - 57 20 Separate material item of income - - - - - Other - - - - - Total 17,341 210 - 17,551 31,337 Resources expended (Note 4) Expenditure on: Raising funds 3,378 - - 3,378 1,924 Charitable activities 9,285 - - 9,285 29,964 Separate material item of expense - - - - - Other 3,237 - - 3,237 2,841 Total 15,900 - - 15,900 34,729 1,441 210 - 1,651 (3,392) Net gains/(losses) on investments - - - - - Net income/(expenditure) 1,441 210 - 1,651 (3,392) Extraordinary items - - - - - Transfers between funds - - - - - Gains and losses on revaluation of fxed assets for the charity’s own use - - - - - Other gains/(losses) - - - - - Net movement in funds 1,441 210 - 1,651 (3,392) Reconciliation of funds: Total funds brought forward (35,011) 11,503 - (23,508) (20,116) Total funds carried forward (33,570) 11,713 - (21,857) (23,508) Recommended categories by activity Unrestricted funds Restricted income funds Prior year funds Net income/(expenditure) before investment gains/(losses) Other recognised gains/(losses): |
Total funds £ £ £ £ Incoming resources (Note 3) Income and endowments from: Donations and legacies 10,010 210 - 10,220 28,032 Charitable activities - - - - - Other trading activities 7,274 - - 7,274 3,285 Investments 57 - - 57 20 Separate material item of income - - - - - Other - - - - - Total 17,341 210 - 17,551 31,337 Resources expended (Note 4) Expenditure on: Raising funds 3,378 - - 3,378 1,924 Charitable activities 9,285 - - 9,285 29,964 Separate material item of expense - - - - - Other 3,237 - - 3,237 2,841 Total 15,900 - - 15,900 34,729 1,441 210 - 1,651 (3,392) Net gains/(losses) on investments - - - - - Net income/(expenditure) 1,441 210 - 1,651 (3,392) Extraordinary items - - - - - Transfers between funds - - - - - Gains and losses on revaluation of fxed assets for the charity’s own use - - - - - Other gains/(losses) - - - - - Net movement in funds 1,441 210 - 1,651 (3,392) Reconciliation of funds: Total funds brought forward (35,011) 11,503 - (23,508) (20,116) Total funds carried forward (33,570) 11,713 - (21,857) (23,508) Recommended categories by activity Unrestricted funds Restricted income funds Prior year funds Net income/(expenditure) before investment gains/(losses) Other recognised gains/(losses): |
Total funds £ £ £ £ Incoming resources (Note 3) Income and endowments from: Donations and legacies 10,010 210 - 10,220 28,032 Charitable activities - - - - - Other trading activities 7,274 - - 7,274 3,285 Investments 57 - - 57 20 Separate material item of income - - - - - Other - - - - - Total 17,341 210 - 17,551 31,337 Resources expended (Note 4) Expenditure on: Raising funds 3,378 - - 3,378 1,924 Charitable activities 9,285 - - 9,285 29,964 Separate material item of expense - - - - - Other 3,237 - - 3,237 2,841 Total 15,900 - - 15,900 34,729 1,441 210 - 1,651 (3,392) Net gains/(losses) on investments - - - - - Net income/(expenditure) 1,441 210 - 1,651 (3,392) Extraordinary items - - - - - Transfers between funds - - - - - Gains and losses on revaluation of fxed assets for the charity’s own use - - - - - Other gains/(losses) - - - - - Net movement in funds 1,441 210 - 1,651 (3,392) Reconciliation of funds: Total funds brought forward (35,011) 11,503 - (23,508) (20,116) Total funds carried forward (33,570) 11,713 - (21,857) (23,508) Recommended categories by activity Unrestricted funds Restricted income funds Prior year funds Net income/(expenditure) before investment gains/(losses) Other recognised gains/(losses): |
Total funds £ £ £ £ Incoming resources (Note 3) Income and endowments from: Donations and legacies 10,010 210 - 10,220 28,032 Charitable activities - - - - - Other trading activities 7,274 - - 7,274 3,285 Investments 57 - - 57 20 Separate material item of income - - - - - Other - - - - - Total 17,341 210 - 17,551 31,337 Resources expended (Note 4) Expenditure on: Raising funds 3,378 - - 3,378 1,924 Charitable activities 9,285 - - 9,285 29,964 Separate material item of expense - - - - - Other 3,237 - - 3,237 2,841 Total 15,900 - - 15,900 34,729 1,441 210 - 1,651 (3,392) Net gains/(losses) on investments - - - - - Net income/(expenditure) 1,441 210 - 1,651 (3,392) Extraordinary items - - - - - Transfers between funds - - - - - Gains and losses on revaluation of fxed assets for the charity’s own use - - - - - Other gains/(losses) - - - - - Net movement in funds 1,441 210 - 1,651 (3,392) Reconciliation of funds: Total funds brought forward (35,011) 11,503 - (23,508) (20,116) Total funds carried forward (33,570) 11,713 - (21,857) (23,508) Recommended categories by activity Unrestricted funds Restricted income funds Prior year funds Net income/(expenditure) before investment gains/(losses) Other recognised gains/(losses): |
|---|---|---|---|---|---|
| - | - | - | - | - | |
| - | - | - | - | - | |
| 1,441 | 210 | - | 1,651 | (3,392) | |
| (35,011) | 11,503 | - | (23,508) | (20,116) | |
| (33,570) | 11,713 | - | (21,857) | (23,508) |
Section B Balance sheet
| £ £ £ Fixed assets Intangible assets - - - - Tangible assets - - - - Heritage assets - - - - Investments - - - - Total fxed assets - - - - Current assets Stocks 220 - - 220 Debtors (Note 6) 3,504 - - 3,504 Investments - - - - Cash at bank and in hand (Note 8) 59,884 22,787 - 82,671 Total current assets 63,608 22,787 - 86,395 7,840 - - 7,840 Net current assets/(liabilities) 55,768 22,787 - 78,555 Total assets less current liabilities 55,768 22,787-78,555 - - - - Provisions for liabilities - - - - Total net assets or liabilities 55,768 22,787 - 78,555 Funds of the Charity Endowment funds - - 22,787 22,787 Unrestricted funds (Note 9) 55,768 - 55,768 Revaluation reserve - Total funds 55,768 22,787 - 78,555 Unrestricted funds Restricted income funds Total this year Creditors: amounts falling due within one year (Note 7) Creditors: amounts falling due after one year (Note 7) Restricted income funds (Note 9) |
£ £ £ Fixed assets Intangible assets - - - - Tangible assets - - - - Heritage assets - - - - Investments - - - - Total fxed assets - - - - Current assets Stocks 220 - - 220 Debtors (Note 6) 3,504 - - 3,504 Investments - - - - Cash at bank and in hand (Note 8) 59,884 22,787 - 82,671 Total current assets 63,608 22,787 - 86,395 7,840 - - 7,840 Net current assets/(liabilities) 55,768 22,787 - 78,555 Total assets less current liabilities 55,768 22,787-78,555 - - - - Provisions for liabilities - - - - Total net assets or liabilities 55,768 22,787 - 78,555 Funds of the Charity Endowment funds - - 22,787 22,787 Unrestricted funds (Note 9) 55,768 - 55,768 Revaluation reserve - Total funds 55,768 22,787 - 78,555 Unrestricted funds Restricted income funds Total this year Creditors: amounts falling due within one year (Note 7) Creditors: amounts falling due after one year (Note 7) Restricted income funds (Note 9) |
£ £ £ Fixed assets Intangible assets - - - - Tangible assets - - - - Heritage assets - - - - Investments - - - - Total fxed assets - - - - Current assets Stocks 220 - - 220 Debtors (Note 6) 3,504 - - 3,504 Investments - - - - Cash at bank and in hand (Note 8) 59,884 22,787 - 82,671 Total current assets 63,608 22,787 - 86,395 7,840 - - 7,840 Net current assets/(liabilities) 55,768 22,787 - 78,555 Total assets less current liabilities 55,768 22,787-78,555 - - - - Provisions for liabilities - - - - Total net assets or liabilities 55,768 22,787 - 78,555 Funds of the Charity Endowment funds - - 22,787 22,787 Unrestricted funds (Note 9) 55,768 - 55,768 Revaluation reserve - Total funds 55,768 22,787 - 78,555 Unrestricted funds Restricted income funds Total this year Creditors: amounts falling due within one year (Note 7) Creditors: amounts falling due after one year (Note 7) Restricted income funds (Note 9) |
£ £ £ Fixed assets Intangible assets - - - - Tangible assets - - - - Heritage assets - - - - Investments - - - - Total fxed assets - - - - Current assets Stocks 220 - - 220 Debtors (Note 6) 3,504 - - 3,504 Investments - - - - Cash at bank and in hand (Note 8) 59,884 22,787 - 82,671 Total current assets 63,608 22,787 - 86,395 7,840 - - 7,840 Net current assets/(liabilities) 55,768 22,787 - 78,555 Total assets less current liabilities 55,768 22,787-78,555 - - - - Provisions for liabilities - - - - Total net assets or liabilities 55,768 22,787 - 78,555 Funds of the Charity Endowment funds - - 22,787 22,787 Unrestricted funds (Note 9) 55,768 - 55,768 Revaluation reserve - Total funds 55,768 22,787 - 78,555 Unrestricted funds Restricted income funds Total this year Creditors: amounts falling due within one year (Note 7) Creditors: amounts falling due after one year (Note 7) Restricted income funds (Note 9) |
£ £ £ Fixed assets Intangible assets - - - - Tangible assets - - - - Heritage assets - - - - Investments - - - - Total fxed assets - - - - Current assets Stocks 220 - - 220 Debtors (Note 6) 3,504 - - 3,504 Investments - - - - Cash at bank and in hand (Note 8) 59,884 22,787 - 82,671 Total current assets 63,608 22,787 - 86,395 7,840 - - 7,840 Net current assets/(liabilities) 55,768 22,787 - 78,555 Total assets less current liabilities 55,768 22,787-78,555 - - - - Provisions for liabilities - - - - Total net assets or liabilities 55,768 22,787 - 78,555 Funds of the Charity Endowment funds - - 22,787 22,787 Unrestricted funds (Note 9) 55,768 - 55,768 Revaluation reserve - Total funds 55,768 22,787 - 78,555 Unrestricted funds Restricted income funds Total this year Creditors: amounts falling due within one year (Note 7) Creditors: amounts falling due after one year (Note 7) Restricted income funds (Note 9) |
|---|---|---|---|---|
| - 22,787 |
- 22,787 55,768 - |
|||
| 22,787 | ||||
| 55,768 | ||||
| 55,768 | 22,787 | - | 78,555 |
Signed by one or two trustees on behalf of all the trustees
Signature Print Name
CC17a (Excel)
2
06/18/2023
CC17a (Excell 0611812023
Total last year
£
350 4,706 - 89,629 94,685 17,781 76,904 76,904 - - 76,904 - 22,671 54,233 - 76,904
Date of approval dd/mm/yyyy
CC17a (Excel)
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CC17a (Excell 0611812023
Section C Notes to the accounts
Note 1 Basis of preparation
This section should be completed by all charities .
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities
ü preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with* ü the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
- and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.*
- -Tick as appropriate
1.2 Going concern
If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:
An explanation as to those factors that support Not applicable the conclusion that the charity is a going concern;
Disclosure of any uncertainties that make the Not applicable going concern assumption doubtful; Where accounts are not prepared on a going Not applicable concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.
1.3 Change of accounting policy
The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.
Yes ü * -Tick as appropriate No
Please disclose:
(i) the nature of the change in accounting policy; Not applicable
(ii) the reasons why applying the new accounting policy provides more reliable and more relevant Not applicable information; and
(iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, Not applicable 3.44 FRS 102 SORP.
1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
Yes ü * -Tick as appropriate No
1.5 Material prior year errors
No material prior year errors have been identified in the reporting period (3.47 FRS 102 SORP).
Yes ü No
- -Tick as appropriate
CC17a (Excel)
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Section C Notes to the accounts (cont)
Note 2 Accounting policies 2.1 INCOME
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.
| Recognition of income These are included in the Statement of Financial Activities (SoFA) when: Yes No N/a ü Ofsetting Yes No N/a ü Grants and donations Yes No N/a ü Yes No N/a ü Legacies Yes No N/a ü Government grants The charity has received government grants in the reporting period Yes No N/a ü Yes No N/a ü Yes No N/a ü Donated goods Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Support costs The charity has incurred expenditure on support costs. Yes No N/a ü Volunteer help Yes No N/a ü Yes No N/a ü Yes No N/a ü · the charity becomes entitled to the resources; · it is more likely than not that the trustees will receive the resources; and · the monetary value can be measured with sufcient reliability. There has been no ofsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specifed goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufcient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specifed otherwise. Contractual income and performance related grants This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. The cost of any stock of goods donated for distribution to benefciaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fxed assets and included in the SoFA as incoming resources when receivable. Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. |
Recognition of income These are included in the Statement of Financial Activities (SoFA) when: Yes No N/a ü Ofsetting Yes No N/a ü Grants and donations Yes No N/a ü Yes No N/a ü Legacies Yes No N/a ü Government grants The charity has received government grants in the reporting period Yes No N/a ü Yes No N/a ü Yes No N/a ü Donated goods Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Support costs The charity has incurred expenditure on support costs. Yes No N/a ü Volunteer help Yes No N/a ü Yes No N/a ü Yes No N/a ü · the charity becomes entitled to the resources; · it is more likely than not that the trustees will receive the resources; and · the monetary value can be measured with sufcient reliability. There has been no ofsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specifed goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufcient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specifed otherwise. Contractual income and performance related grants This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. The cost of any stock of goods donated for distribution to benefciaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fxed assets and included in the SoFA as incoming resources when receivable. Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. |
Recognition of income These are included in the Statement of Financial Activities (SoFA) when: Yes No N/a ü Ofsetting Yes No N/a ü Grants and donations Yes No N/a ü Yes No N/a ü Legacies Yes No N/a ü Government grants The charity has received government grants in the reporting period Yes No N/a ü Yes No N/a ü Yes No N/a ü Donated goods Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Support costs The charity has incurred expenditure on support costs. Yes No N/a ü Volunteer help Yes No N/a ü Yes No N/a ü Yes No N/a ü · the charity becomes entitled to the resources; · it is more likely than not that the trustees will receive the resources; and · the monetary value can be measured with sufcient reliability. There has been no ofsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specifed goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufcient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specifed otherwise. Contractual income and performance related grants This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. The cost of any stock of goods donated for distribution to benefciaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fxed assets and included in the SoFA as incoming resources when receivable. Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. |
Recognition of income These are included in the Statement of Financial Activities (SoFA) when: Yes No N/a ü Ofsetting Yes No N/a ü Grants and donations Yes No N/a ü Yes No N/a ü Legacies Yes No N/a ü Government grants The charity has received government grants in the reporting period Yes No N/a ü Yes No N/a ü Yes No N/a ü Donated goods Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Support costs The charity has incurred expenditure on support costs. Yes No N/a ü Volunteer help Yes No N/a ü Yes No N/a ü Yes No N/a ü · the charity becomes entitled to the resources; · it is more likely than not that the trustees will receive the resources; and · the monetary value can be measured with sufcient reliability. There has been no ofsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specifed goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufcient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specifed otherwise. Contractual income and performance related grants This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. The cost of any stock of goods donated for distribution to benefciaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fxed assets and included in the SoFA as incoming resources when receivable. Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. |
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| ü |
| Yes No N/a ü Yes No N/a ü Yes No N/a ü 2.2 EXPENDITURE AND LIABILITIES Liability recognition Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Redundancy cost The charity made no redundancy payments during the reporting period. Yes No N/a ü Deferred income No material item of deferred income has been included in the accounts. Yes No N/a ü Creditors Yes No N/a ü Provisions for liabilities Yes No N/a ü Yes No N/a ü 2.3 ASSETS These are capitalised if they can be used for more than one year, and cost at least £1,000 They are valued at cost. Yes No N/a ü The depreciation rates and methods used are disclosed in note 9.2. Intangible fxed assets Yes No N/a ü They are valued at cost. Yes No N/a ü Heritage assets Yes No N/a ü Yes No N/a They are valued at cost. ü Investments Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Membership subscriptions which gives a member the right to buy services or other benefts are recognised as income earned from the provision of goods and services as income from charitable activities. Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. Investment gains and losses This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by foor areas, or per capita, staf costs by the time spent and other costs by their usage. Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specifc level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specifed service or output. Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. The charity has creditors which are measured at settlement amounts less any trade discounts A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic fnancial instruments The charity accounts for basic fnancial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Tangible fxed assets for use by charity The charity has intangible fxed assets, that is, non-monetary assets that do not have physical substance but are identifable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientifc, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. These have no cost as they were donated and so are not depreciated. Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments Stocks and work in progress Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. |
Yes No N/a ü Yes No N/a ü Yes No N/a ü 2.2 EXPENDITURE AND LIABILITIES Liability recognition Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Redundancy cost The charity made no redundancy payments during the reporting period. Yes No N/a ü Deferred income No material item of deferred income has been included in the accounts. Yes No N/a ü Creditors Yes No N/a ü Provisions for liabilities Yes No N/a ü Yes No N/a ü 2.3 ASSETS These are capitalised if they can be used for more than one year, and cost at least £1,000 They are valued at cost. Yes No N/a ü The depreciation rates and methods used are disclosed in note 9.2. Intangible fxed assets Yes No N/a ü They are valued at cost. Yes No N/a ü Heritage assets Yes No N/a ü Yes No N/a They are valued at cost. ü Investments Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Membership subscriptions which gives a member the right to buy services or other benefts are recognised as income earned from the provision of goods and services as income from charitable activities. Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. Investment gains and losses This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by foor areas, or per capita, staf costs by the time spent and other costs by their usage. Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specifc level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specifed service or output. Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. The charity has creditors which are measured at settlement amounts less any trade discounts A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic fnancial instruments The charity accounts for basic fnancial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Tangible fxed assets for use by charity The charity has intangible fxed assets, that is, non-monetary assets that do not have physical substance but are identifable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientifc, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. These have no cost as they were donated and so are not depreciated. Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments Stocks and work in progress Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. |
Yes No N/a ü Yes No N/a ü Yes No N/a ü 2.2 EXPENDITURE AND LIABILITIES Liability recognition Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Redundancy cost The charity made no redundancy payments during the reporting period. Yes No N/a ü Deferred income No material item of deferred income has been included in the accounts. Yes No N/a ü Creditors Yes No N/a ü Provisions for liabilities Yes No N/a ü Yes No N/a ü 2.3 ASSETS These are capitalised if they can be used for more than one year, and cost at least £1,000 They are valued at cost. Yes No N/a ü The depreciation rates and methods used are disclosed in note 9.2. Intangible fxed assets Yes No N/a ü They are valued at cost. Yes No N/a ü Heritage assets Yes No N/a ü Yes No N/a They are valued at cost. ü Investments Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Membership subscriptions which gives a member the right to buy services or other benefts are recognised as income earned from the provision of goods and services as income from charitable activities. Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. Investment gains and losses This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by foor areas, or per capita, staf costs by the time spent and other costs by their usage. Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specifc level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specifed service or output. Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. The charity has creditors which are measured at settlement amounts less any trade discounts A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic fnancial instruments The charity accounts for basic fnancial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Tangible fxed assets for use by charity The charity has intangible fxed assets, that is, non-monetary assets that do not have physical substance but are identifable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientifc, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. These have no cost as they were donated and so are not depreciated. Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments Stocks and work in progress Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. |
Yes No N/a ü Yes No N/a ü Yes No N/a ü 2.2 EXPENDITURE AND LIABILITIES Liability recognition Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Redundancy cost The charity made no redundancy payments during the reporting period. Yes No N/a ü Deferred income No material item of deferred income has been included in the accounts. Yes No N/a ü Creditors Yes No N/a ü Provisions for liabilities Yes No N/a ü Yes No N/a ü 2.3 ASSETS These are capitalised if they can be used for more than one year, and cost at least £1,000 They are valued at cost. Yes No N/a ü The depreciation rates and methods used are disclosed in note 9.2. Intangible fxed assets Yes No N/a ü They are valued at cost. Yes No N/a ü Heritage assets Yes No N/a ü Yes No N/a They are valued at cost. ü Investments Yes No N/a ü Yes No N/a ü Yes No N/a ü Yes No N/a ü Membership subscriptions which gives a member the right to buy services or other benefts are recognised as income earned from the provision of goods and services as income from charitable activities. Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. Investment gains and losses This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by foor areas, or per capita, staf costs by the time spent and other costs by their usage. Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specifc level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specifed service or output. Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. The charity has creditors which are measured at settlement amounts less any trade discounts A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic fnancial instruments The charity accounts for basic fnancial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Tangible fxed assets for use by charity The charity has intangible fxed assets, that is, non-monetary assets that do not have physical substance but are identifable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientifc, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. These have no cost as they were donated and so are not depreciated. Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments Stocks and work in progress Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. |
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| ü |
| Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Yes No N/a ü Debtors Yes No N/a ü Yes No N/a ü Yes No N/a They are valued at fair value except where they qualify as basic fnancial instruments. ü Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. Current asset investments The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due. |
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Yes No N/a ü Debtors Yes No N/a ü Yes No N/a ü Yes No N/a They are valued at fair value except where they qualify as basic fnancial instruments. ü Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. Current asset investments The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due. |
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Yes No N/a ü Debtors Yes No N/a ü Yes No N/a ü Yes No N/a They are valued at fair value except where they qualify as basic fnancial instruments. ü Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. Current asset investments The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due. |
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Yes No N/a ü Debtors Yes No N/a ü Yes No N/a ü Yes No N/a They are valued at fair value except where they qualify as basic fnancial instruments. ü Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. Current asset investments The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due. |
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| ü |
Section C Notes to the accounts (cont)
Note 3 Analysis of income
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Restricted
Unrestricted income
funds funds Total funds Prior year
Analysis £ £
Donations Donations and gifts 2,624 210 - 2,834 14,982
and legacies: Gift Aid 2,208 - - 2,208 3,381
Legacies - - - - -
General grants provided by government/other
charities - - - - 3,148
Membership subscriptions and sponsorships
which are in substance donations
5,167 - - 5,167 6,521
Donated goods, facilities and services - - - - -
Other 11 - - 11 -
Total 10,010 210 - 10,220 28,032
Charitable - - - - -
activities: - - - - -
- - - - -
Other - - - - -
Total - - - - -
Other trading Big Summer Party - - - - -
activities: Visit to RHS Wisley 2,208 - - 2,208 -
Other Fund-raising Events 1,992 - - 1,992 1,340
Emma Tennant talk 2,794 - - 2,794 -
Adverts in Ventnorensis 280 - - 280 175
Folly Farm Talk & Visit - - - 1,770
Total 7,274 - - 7,274 3,285
Income from Interest income 57 - - 57 20
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total 57 - - 57 20
Separate - - - - -
material item - - - - -
of income: - - - - -
Total - - - - -
Other: Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME 17,341 210 - 17,551 31,337
Other information:
All income in the prior year was unrestricted except for: Donations to Education Fund £9,590 and Gift Aid thereon
(please provide description and amounts) £1,907.
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Section C Notes to the accounts (cont)
Note 4 Analysis of expenditure
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Restricted
Unrestricted income
funds funds Total funds Prior year
Analysis £ £
Expenditure on Incurred seeking donations - - - - -
raising funds:
Incurred seeking legacies
- - - - -
Incurred seeking grants
- - - - -
Operating membership schemes and social
lotteries
- - - - -
Staging fundraising events
3,378 - - 3,378 1,924
Fundraising agents
- - - - -
Operating charity shops
- - - - -
Operating a trading company undertaking
non-charitable trading activity
- - - - -
Advertising, marketing, direct mail and
publicity - - - - -
Start up costs incurred in generating new
source of future income
- - - - -
Database development costs - - - - -
Other trading activities - - - - -
Investment management costs: - - - - -
Portfolio management costs - - - - -
Cost of obtaining investment advice
- - - - -
Investment administration costs
- - - - -
Intellectual property licencing costs
- - - - -
Rent collection, property repairs and
maintenance charges - - - - -
- - - - -
Total expenditure on raising funds 3,378 - - 3,378 1,924
Expenditure on Donations to Garden 7,494 - - 7,494 28,213
charitable
Website and computer costs
activities 1,135 - - 1,135 1,144
Print, Post and stationery
480 - - 480 440
Education Support - - - - -
Subscriptions 176 - - 176 167
Total expenditure on charitable
9,285 - - 9,285 29,964
activities
Separate - - - - -
material item of
expense - - - - -
- - - - -
- - - - -
Total - - - - -
Other
Ventnorensis - Editorial, Print, Postage 2,704 - - 2,704 2,238
Bank charges 23 - - 23 23
Public & Employers Liability Insurance 75 - - 75 75
Trustee & Officers Insurance 435 - - 435 359
Other - - - 146
Total other expenditure 3,237 - - 3,237 2,841
TOTAL EXPENDITURE 15,900 - - 15,900 34,729
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Section C Notes to the accounts
Note 5 Details of certain items of expenditure 5.1 Fees for examination of the accounts
Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees Other fees paid to the independent examiner
Note 6 Debtors and prepayments
Prepayments and accrued income Other debtors Total
Note 7 Creditors and accruals
| Trade creditors Accruals and deferred income Other creditors Total |
Amounts falling due within one year |
Amounts falling due within one year |
|---|---|---|
| This year £ |
Last year £ |
|
| 200 | 146 | |
| 7,640 | 7,182 | |
| - | 10,453 | |
| 7,840 | 17,781 |
Note 8 Cash at bank and in hand
Short term deposits Cash at bank and on hand Other Total
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This year Last year
£ £
- -
- -
- -
- -
This year Last year
£ £
246 342
3,258 4,364
3,504 4,706
Amounts falling due after
more than one year
This year Last year
£ £
- -
- -
- -
- -
This year Last year
£ £
- -
82,671 89,629
- -
82,671 89,629
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Section C Notes to the accounts (cont)
Note 9 Charity funds
9.1 Details of material funds held and movements during the CURRENT reporting period
- Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds
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Type PE, EE Purpose and Restrictions Fund Fund
R or UR
balances Gains and balances
b/fwd Income Expenditure Transfers losses c/wd
Fund names £ £ £ £ £ £
General U General activities 25,568 17,341 (15,900) 94 - 27,103
Tropical House R Tropical House works 5,247 - - - - 5,247
Life Membership R Membership subscriptions 94 - - (94) - -
Foundation U Unspecified projects 28,665 - - - 28,665
Education R Education and training 17,330 210 - - - 17,540
Total Funds 76,904 17,551 (15,900) - - 78,555
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9.2 Transfers between funds
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Reason for transfer Amount
Between unrestricted and Transfer of lifetime subscriptions paid in advance
94
restricted funds
9.3 Designated funds
Planned use Purpose of the designation Amount
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Note 10 Transactions with trustees and related parties
10.1 Trustee remuneration and benefits
| 10.1 Trustee remuneration and benefts | |
|---|---|
None of the trustees have been paid any remuneration or received any other benefts from an employment with their charity or a related entity (True or False) |
1 |
| 10.2 Trustees' expenses No trustee expenses have been incurred (True or False) |
1 |
| 10.3 Transaction(s) with related parties There have been no related party transactions in the reporting period (True or False) |
1 |
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