THE NATURIST FOUNDATION CIO ANNUAL REPORT 15 Month period YEAR ENDED 31st MARCH 2021. The Naturist Foundation aims to provide recreational facilities and maintain ancient woodlands for the public benefit. There has been one change this year in the Trustees of the Charity. Tom Hall was added as Trustee. The main source of income for the charity continued to be from the camping fees from those who use the camping pitches on the separately licensed associate members’ and visitors’ camping areas within the grounds, and also associate membership fees. Monies made from various events staged throughout the year also contributed to the charity’s income towards its charitable objectives. It should be noted that income was reduced because of Government restrictions applied during the Covid-19 pandemic. Following Government advice and after council correspondence the Trustees delayed opening for associate members until 4[th] July 2020 and for visitors until 1[st] August 2020. In order to maintain the interest of the current associate membership and continue to attract visitors and new associate members from the general public, the Social and Games Committees again organised a timetable of events to take place. Compared with normal years, these events were significantly limited and held outdoors. Because of the reduced season during which people could visit and camp, a formula for rebates was agreed with the associate membership. The grounds and infrastructure continued to be maintained by employed ground staff, the paid services of outside contractors where necessary and a small group of volunteers. A number of the volunteers attended as “the Tuesday Group” and provided their services and knowledge free of charge to assist in the general maintenance and ongoing improvements to the site. The Tuesday Group attendance was affected by the pandemic, It was noted that due to Covid related travel restrictions, we significantly benefited from those preferring a “staycation”, some of whom converted from visitor to associate-member. The Naturist Foundation endeavours to promote recreation, wellness and wellbeing and maintains its grounds and facilities for that purpose. Fulfilling that aim is at the heart of everything undertaken and achieved this year. For the Trustees. Charity Registration No. I 179641 THE NATURIST FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2021 THE NATURIST FOUNDATION LEGAL AND ADNIINISTRATIVE INFORMATION Trustees Mrs P M Connell IRe5igned 01.01.221 Mrs L J Howells Mrs P F Mllls MrTMHall Mr S P Paton IAppolnted 19.09.211 Charlty numbèr 1179641 Companles Hous& numb•r CE014936 Indopondent èxamlner Adams & Moore Adams & Moore H¢)use Instone Road Dartford Kent UK DA12AG THE NATURIST FOUNDATION CONTENTS Pag• Trustees, report Independenl examinels reFort Slatpmerrt of financial acti¥ities Balance sheet Statement of cash ffows Notes to the financial StateMe￿S 5-15 THE NATURIST FOUNDATION TRUSTEES, REPORT FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2021 The tru51ees present Ihar report and financial statements lor thè Period endèd 31 March 2021. The financiBI statement5 have been preparEd In accordance with the accounting polldas sgt out In n¢le 1 to the flnanci&l statements and aomply with the charity's goveming docum8nt, the Charitie5 AEt 2011 and 'Accounllng and Roportlng by Charilles.. Slalement of ReGommended PraGliG¢ appllcable to charbties weparing their accounts in accordgnce with the Financial Reportlng Standard appllc?ble In the UK and Republlc of I￿land IFRS 102}" las amended for accounting perlods commencing from 1 January 2016) Objectlves and actfvitles The aharlty's objecls are to provide nalurisl recreallonal facllltieg and maintaln ancient woodland for the publlc benell. Thgre has been no chanoe in these during the Perlod. Th& trustees havè paid due raoèrd to guidance issued by Ihe Charlly Commission In decisjlng what acllvSlles the ch8rily should undertake, Achlevomènts and pèrfomi•nc8 Flnan¢lal revlew 11 Is the policy of th¥ charty Ihal unreslrlcled funds whlch hÉv¢ not been cleslgnoied for a 8pecifiG use should b$ malnialned at a level oquivalenl lo b¢fv4een th￿e and 51x monlh'E expenditure. Thetru8t883 ccnslder that rfj8erves at th1$ level wlll ensure Ihgl, In tha event ol a signlficanl drop In lundlng, they will bo able to conllnue the charit1$ urrentacliviiles while cortsi¢Jerallon is glven to ways In whl¢h addlllonal fund$ may be ial¥ed. Thlg level of rgserves has malnloine th￿A￿oUnting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 200S which is referred to in the extant regulations but has now t￿en withdrawn. l understand thatthis has been done in orderfoTfinancial statements to Provide a true and faiFMew in accordan th G?neraIlyAc￿Pte￿ACCOuntI￿g Practice effect¥¥ef0rre￿rtIng period5 Lwinning on orafter 1 January 2015. I have completed my examination. I confimi that m matters have ￿me to my attention in connection with the examination giving me cause tu believe that in any material reS￿cl accounlir@ records were not kept in respect of the ch* as requlred by section 130 of the 2011 AGt, or the linancial statements do not acGtsrd wth Ihtsse rttorwlng thè Statement of Recommended Practica for charities applying FRS 102 rather tl)an the version of Ihe Stalem&nt of Recommgnded PraGtsce which is raferrod ￿ in the Regulatlons which ha8 &inC• betsn withdrawn. Th6 flnancial statements arè prepared in slerfin9, ￿lch 18 the funcuonal Cufrèncy of tha chaTty. Monetary ¥mounl8 In Ihgse fIna￿la1 slatements are rounded to lh8 noafesl £. The aceounts hava been prepared under the hlstOTical cost conventlon, mtjjiliad to include the rov81Ltallon of freehold propertle$, ￿ere held, and lo Include inveslmenl propwb.es and certaln fin8n¢ial instrumen15 01 falr value. Tho princlpol accounting pdie4•6 e4dopted Ore sat oul below. 1.2 Golng coneern At the lime ol approving the finonci81 ststements. the trustee8 have a roascnable expeciallon that the charity has adequate resources lo contlnug In operauonal exlslence ftsr the foreseeable future. Thus Ihg trustees conlSnLte to adopt the golng eoncem basi4 01 accounting In preparing the fi'nanebal statements. 1.3 Ch8rtt4ble funds Unroslricled funds are available for u8e * thg dl$uelltM of Ihe Iwstees in furtheranc• of thelr charllabl6 objective8 unless the lundg have ￿en designated for othfjr wrpow. Reslrtcted lunds are sublecl to specific condlts'ons by doMrs as ID how they may be used. The purposag and u809 of Ihe wtrictsd funda arè 8el out in th8 notes to Ihe financial statemen*8. 4A Incomlng resourcfrs Income 18 re¢ogn18ed when the charrty Is legally endued lo it after any perfomiance conditlons havo bgen m8L the aM￿J￿t$ Can measureos Tg118bly. and it 18 probable that income will ￿ recerved. Cash donauons are recoynised on receipt. Oth8r donations are Tecogn13ed once the charity has been nolllled ol the donation, unle55 performance condib.ons Tequire deferral of the amount. Incom8 lax recoverable in relaiion lo donations received uThlgr GIft￿d or detd5 of covenant ty recogni$ed al the ttme of the donallon. Legacie5, when rèceived, wll lje recognised on receipt or othewse rf Ihe charity has been nolffied ol an ImpenrJing distrlbulion, the amount 15 kncNm. an(6 rwApt is expectefj. If the amounl TS llDt known, the legacy is treated as a contingenl asset Turntsver is measurèd at the tslr value of the ¢onsMJerBtion received or r?￿Vable and represents amounts receivable for good¥ aryd services p￿￿ded in the norn)al ¢ourEe of bu81ne35. net of discounts, VAT and other sales relatad tsxes. THE NATURIST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2021 1.$ Re50urce5 èxpendèd Account5ng poll¢lgS Expenditure18 accounted for on an accrual bagis ar￿ has been dassified under headlngs that aggre9ate all sls rdaled to the category. Where costs cannot be diredy attributed to parlicular headings they have bee allo¢ated lo acbwtie5 on a ba51s con5151ent the use of resources. 1.6 Tanglblg flxad assats Tangible fixed assets are initsally measured 8t cost and subsequenlly measured al cost or valuation, net of deprociaiiori and any impairmerrt Ir*%￿. Depreciation ig recoynised so as to ￿lte off c05t orvalualion of assets less their residual values over their useful lives on the following basos.. Freehold Propgrty Moblle Homes Fixtures, fittings & equipment Children's pIaYgr￿Jnd not depreciated 2￿ on reduang balance 211% on reducirvJ balance 20% on stralght line The gain or105s arising on the disposal of an asset is determined as Ihe difference bets¥een the Sa￿ proceed5 and the cxThwng v81ue of the 8s5el, and is recognised in net inBomÈllexpèndtiurel for the yèar. 1.7 Impasmient of fixed assets At each repo￿ng end date, the charity reviews the cartying amounts of its tangl￿e assets to determine whether there is any indieation that those assets have suffered an impairnient loss. If any such indication exists, the recoverable arnounlof the a￿1 is estiffiated in order lo.deterniine the extent of Ihe Impaimient loss {If any). IntarvJible assets with indefinite useful lives and intaThJible assels not yet available for use are tested foi impaiment annually, and whenever there is an indication that the asset may be impair￿. 1.8 Cash and cash equivalents Cash and cash equivalerrts include osh in haThJ. deposits held al Gall with bank5, Other short-18rm liquid inveslments wlh original maluritie5 of three months or less, arbj tonk overdraft5. Bank overdraf13 are shown w￿￿1n bornwlngs in current liabilities. 1.9 Flnanclal Instruments The charity has elected to appty the provisions of Section 11 'Baslc Finan￿* Instruments, and S$di¢n 12 'Other Financial Insfrumenls Issues, of FRS 102 to all of its finanaal insttuments. Financsal instruments are recognised in the chatrty's balance sheet vthen the charity bècomes party to the ¢ontra¢lual provisions of the instwmenL Financial assets and lia1y1￿es are offset. wrth Ihe net amounts presented in the financial statements, when there is a legally enforCea￿e right lo set off the recogniwj amounts arxl there is an intsntivn lo selllg on a net basis or lo realise the asset and setue Ihe liability simultaneously. Basic financial assèts Basicfinanclal assets, which Include deblors and and bank balanos, are intttalty measured at transacllon price includirig transaction costs and are subsequenly carried at amDrti5ed c051 using tho effe¢livo interest method unles5 the arrangement constEiutes a finanring transacbon, where the transaction is measured at the present value of the future receip15 discoun￿ at a marf(et rale ol interest. Financial 888ets ¢18gsllled a8 receivable within one year are not arnortised. THE NATURIST FOUNDATION NOTES TO THE FINANCIAL STATEMEKfs (cop￿INuED) FQR THE 15 MONTH PERIOD ENDED 31 MARCH 2021 Accountlng pollcles IContd} Bttsic financial Jiabilities Bast¢ financ[￿ liablliues, Includlng credilors and bank loans are in￿"allY recognised al transacbon price unlè8S the arrangement constiiules a financing transaction. fftre Ih@ debt in5trumert is measured al the presgnl value of Ihe future payments discourrted at a market rate of interest. Finan¢Sal liabilities dassilied as paya￿6 Ihln one year are not amortisèd. Debt Instruments are subseq￿n11Y c8rf8¢1 at amortise(I cosl, using the affg¢U¥è intorest rate method. Trade c￿dItorS are obliga￿On6 to pay tor goods or 5eNces tsl have b88n acquir8d in the ordinary course ol operatiDn8 from Suppliers. Amounts payable are dassffied 88 Current liabilits.es if paymenl is due ￿th￿￿ one year or lèss. If not, Ihgy ar&presented as nowurrent liabi1rfS09. Tradg credltors are ￿COgnised initially al Iranssctlon prfco and subsequently measured at 8m¢yb'sed cost using the effecfjv8 interest method. Derncognlllon of flnand•l IleblllN•$ Flnanclal liatsllles are dere¢ogn160d whèn thè ¢hwty's ¢ontrackn#l obllgations explre or are d16ch8rgéd or ancelled. 1.10 Employw bonefJt8 The cost of any unu8•d hollday entluoment 18 wognisod In thg perlod In bthlch the employe&'6 s0ryl¢e6 arg recelved. T•nnln$lon bgnoflt8 Ire reGogni•ed immedlately 8¥ On expense when tile chaniy Is demonstrably committfr to lermlnate ihe employmqnl of an employee or to pro¥ldg tom)In*tion benefits. 1.11 R•tlr•men¢ b•n•flts Payment$ to dofined corrtrlbulion retlremont benefit schemes are chèrged a3 an •xpen80 OS thay fall ¢Yu•. Rentals p8yable undèr operadng leasos, induding any leag9 IrKenllves rvAlve(1, arè char9•d to ineome on o stralghl line basis over the tom ollhe ￿levant le888. crttlc41 accountlng t•tlmato• and Judgemonts In Intr appll¢afjon of Ihe chaws aceounllng ptsllcJe8. the Irust•o8 are rn9ulred ts maka lud9omgnt8. e8llmate8 and agSUrnPtions abtsjt the carrylng amount of assets and IiatrAlities that ao not ￿adIlY apparent frorn other sourc8s. The estsmoteg ond a¥socialed assumptions are based on historical experience and other factor6 that are conyldered lo b9 relwrt Actual r&8uEts may (thffer from the$9 eslimatgs. The estlmales and underfylng assumptions ¥Te rwe4¥ed on ￿ ongoing basls. Rev1310ns tts #¢countlng esllmate5 are recognised in Ihe portod in whl¢h the estimate is rEwsed where the ravf$l¢n affecis only that poriod. or in the pertod of the rew5ion and luiure periods Whe￿ Ihe revision affects both current and futurg periods. THE NATURIST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE f5 MONTH PERIOD ENDED 31 MARCH 2021 DonHtions 2021 2019 Jubilee bar 20.000 Donation for hire v.ans 13,039 24.731 4.731 Gift Aid donations 18,832 5,583 393 HMRC GSftAld rèbaté Other 42.501 44.808 THE NATURIST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2021 Charltabla activities Provlsion ot tsclllties Total 2021 Total 2019 Associate MeM￿r$hIp fees Seasonal Camping Holid8y meadow income Jazz Festisjal income Pils Festival income Sllenl dlsco evonl Incom8 Showers Lockers Moblle home r&ntal Income Chalet lelUng income 44,38Q 94,297 25.231 44,389 94,29T 25.231 53,716 109,590 36,932 10,668 27,531 499 4,868 499 4.868 5,851 76,375 7,527 18,375 7.527 13,970 6,120 195,824 195,824 284,578 THE NATURIST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2021 Investments 2021 2019 Interest receivable 609 1,219 other income 2021 2019 Covid Grants & JRS claims 50,402 5D,402 10- THE NATURIST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2021 Charltabl• actlvStl Prnvlglon of fa¢llltl¢8 Total 2021 Totsl 2019 Staff costs Llght ond heat Telephone systems Postage and ststlonery Advertislng Amanlty Improvernenls Prxjl and p4vilion urSty, flrsl aid ond saffjty Cowd Prec8ution8 General malnlenancg Ch81el running costs Canteen concesslon Moblle horna malnlenance PrlnllNJ of The GTova Jakz I￿tiVal Other Expenses Party In tha Stark Sundrle$ Insuranco 88.048 10.667 3.971 B8,048 10,687 3,971 6S,715 31.203 3,988 4,735 23,692 13,857 12,238 10,818 14,039 2,406 1,847 7.102 4.735 23,692 13,857 12,238 10,818 14,039 2,406 1,847 7.102 6,757 24,559 7.645 4,495 22,255 899 8,366 1,35 8,466 1,773 182 2.228 10,893 1,773 182 2.228 10,893 20,267 1,326 13,698 208,516 208,518 228,549 Share ol Support costs Isee note 8) Shar8 of govem*nGe costs {$ee note 8) 31,791 6,974 31,791 6,974 34,121 23,543 247.200 247,280 2B4,213 Electricity in the 2019 accounts wag Charged based on estirnated electricity bills. During the 2021 accounts the meter readings we provlded and ? larg@ rebate was processed. 11 THE NATURIST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2021 Support¢05tS Support Governance costs Cogls 2021 2019 Basis of allocation Employer NIC & Pension Depreualion Travel and ho8pltal Timber and husbandry Subscriptions Rateg and water Gomputer and stsllonery 1.114 13,442 377 8.295 926 772 2,128 1.167 924 270 2.376 1.114 13.442 377 8,295 926 772 2,128 1,167 924 270 2,376 3.608 Income geneTalion 14,556 Income generaiion 671 Income generalion 4,200 Inccime geneTrllon 1,010 Income generation 2.518 Income generation 1,612 Income generation 888 Income generation 431 Income generation 2.032 Income generation 2.595 Income gtrneralion Fire precaLrtiun5 Vending machine Camping expenses Bank charyes Legal 8n(a professional 6,974 6,974 23,543 Govemance 31.791 6,974 38,765 57,174 Analysed bethon Charflabie actlvlues 31,791 6,974 38.765 57,174 Trustees NDne of the tru51ees lor any persons comected wlh them) received any rEmuneration or benefits from the charity during the Period. 12- THE NATURIST FOUNDATION NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2021 Employees Numbor of employees The average monthly number ofemployees during the Period was.. 2021 Numbgr 2019 Numb•r Adminlstr8tive Ground maintenance Othèr Employmont ¢0gt8 2021 2019 Wage¥ and salarfes Employer Scdal 8ecudty ¢osts Employer W¢xkplaGe peniiDn ￿&t$ 88,048 75.872 2284 lJ25 3.589 92.751 79.481 There werè no 8mployws who¥8 annual remuner81ion was £80.000 or more. 13- THE NATURIST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2021 11 Tangiblg fixed assots Freehold Mobile Homes Fixtures, Children's fittings & playground equlpment Total Cost At 1 January202D Additions 492.429 35,162 393 34.855 1,539 562,839 1,539 Al 31 March 2021 492,429 35.162 393 tse,394 584,378 Depreclatlon and Impalrnient At 1 January 2020 Depreciation charged in the Period 7.D32 5,828 79 63 7.445 7,753 14.556 13,442 At 31 March 2021 12.658 142 15,198 27.998 Carrylng amount At 31 March 2021 492.429 22.504 251 21.196 536.380 At 31 December 2019 492,429 28,130 314 27,410 548,283 Freehold held on the accounts was originally a leasehold for the Brocken Hurst premises. Under the tèrms ol that lease the freehold owners remained benefiu8rie8 lo annual lease payments during Ihelr Ilfelime. The last beneficSary passed away In May 2016, al whSch polnl the freehold passed to The Nalurisl Foundaiion. The vaue of the Freohold is based un th8 hislori¢al lease paymen15 that have been mado towards th¢ woperty. 12 Flnancial instsurnents 2021 2019 Garrylng amount of Ilnanclal assets Debt instruments measured al amortised cost 2.710 2.710 Carrylng amount ol flnanclal IlabilÈtio5 Measured al amortlsed co81 77,548 53,134 13 Debtors 2021 2019 Amounts falllng due aftftr morg than one y•ar: Other dabtors 2.71 2.710 Other debtors refers lo the balance hgld wth Ihg Deposit Protection Service 14- THE NATURIST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2021 14 Crpdltors- amounts falllng due wlthln one ygar 2021 2019 Other taxation and soclal s8curity Accrued Wages Creditors Income in advonco Pils Income in a(fvanee Jazz F$stival income in advance Society funds G*e card deposits Chlldren'slGame8 fund Welfar8 fun A¢counlanYs fees 495 1,431 4,351 33,993 18,359 1,818 9,049 7,437 5,971 1,023 2,000 25,079 3,383 398 9,756 7,437 8,078 1,023 2,400 84,496 58,965 Income In advAnce rèlat8S to Camplng and MembprsNp fee8 P8ld to the charty in advan¢o. 16 R•lat•d wrty tran$acllon$ TranBaetl¢n8 wlth r•lated partl&s There were no rel*ed party Iransadon8 during the year 1S Cèsh generatsd from operatlons 2021 2019 th￿A￿oUnting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 200S which is referred to in the extant regulations but has now t￿en withdrawn. l understand thatthis has been done in orderfoTfinancial statements to Provide a true and faiFMew in accordan th G?neraIlyAc￿Pte￿ACCOuntI￿g Practice effect¥¥ef0rre￿rtIng period5 Lwinning on orafter 1 January 2015. I have completed my examination. I confimi that m matters have ￿me to my attention in connection with the examination giving me cause tu believe that in any material reS￿cl accounlir@ records were not kept in respect of the ch* as requlred by section 130 of the 2011 AGt, or the linancial statements do not acGtsrd wth Ihtsse rttorwlng thè Statement of Recommended Practica for charities applying FRS 102 rather tl)an the version of Ihe Stalem&nt of Recommgnded PraGtsce which is raferrod ￿ in the Regulatlons which ha8 &inC• betsn withdrawn. Th6 flnancial statements arè prepared in slerfin9, ￿lch 18 the funcuonal Cufrèncy of tha chaTty. Monetary ¥mounl8 In Ihgse fIna￿la1 slatements are rounded to lh8 noafesl £. The aceounts hava been prepared under the hlstOTical cost conventlon, mtjjiliad to include the rov81Ltallon of freehold propertle$, ￿ere held, and lo Include inveslmenl propwb.es and certaln fin8n¢ial instrumen15 01 falr value. Tho princlpol accounting pdie4•6 e4dopted Ore sat oul below. 1.2 Golng coneern At the lime ol approving the finonci81 ststements. the trustee8 have a roascnable expeciallon that the charity has adequate resources lo contlnug In operauonal exlslence ftsr the foreseeable future. Thus Ihg trustees conlSnLte to adopt the golng eoncem basi4 01 accounting In preparing the fi'nanebal statements. 1.3 Ch8rtt4ble funds Unroslricled funds are available for u8e * thg dl$uelltM of Ihe Iwstees in furtheranc• of thelr charllabl6 objective8 unless the lundg have ￿en designated for othfjr wrpow. Reslrtcted lunds are sublecl to specific condlts'ons by doMrs as ID how they may be used. The purposag and u809 of Ihe wtrictsd funda arè 8el out in th8 notes to Ihe financial statemen*8. 4A Incomlng resourcfrs Income 18 re¢ogn18ed when the charrty Is legally endued lo it after any perfomiance conditlons havo bgen m8L the aM￿J￿t$ Can measureos Tg118bly. and it 18 probable that income will ￿ recerved. Cash donauons are recoynised on receipt. Oth8r donations are Tecogn13ed once the charity has been nolllled ol the donation, unle55 performance condib.ons Tequire deferral of the amount. Incom8 lax recoverable in relaiion lo donations received uThlgr GIft￿d or detd5 of covenant ty recogni$ed al the ttme of the donallon. Legacie5, when rèceived, wll lje recognised on receipt or othewse rf Ihe charity has been nolffied ol an ImpenrJing distrlbulion, the amount 15 kncNm. an(6 rwApt is expectefj. If the amounl TS llDt known, the legacy is treated as a contingenl asset Turntsver is measurèd at the tslr value of the ¢onsMJerBtion received or r?￿Vable and represents amounts receivable for good¥ aryd services p￿￿ded in the norn)al ¢ourEe of bu81ne35. net of discounts, VAT and other sales relatad tsxes. THE NATURIST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2021 1.$ Re50urce5 èxpendèd Account5ng poll¢lgS Expenditure18 accounted for on an accrual bagis ar￿ has been dassified under headlngs that aggre9ate all sls rdaled to the category. Where costs cannot be diredy attributed to parlicular headings they have bee allo¢ated lo acbwtie5 on a ba51s con5151ent the use of resources. 1.6 Tanglblg flxad assats Tangible fixed assets are initsally measured 8t cost and subsequenlly measured al cost or valuation, net of deprociaiiori and any impairmerrt Ir*%￿. Depreciation ig recoynised so as to ￿lte off c05t orvalualion of assets less their residual values over their useful lives on the following basos.. Freehold Propgrty Moblle Homes Fixtures, fittings & equipment Children's pIaYgr￿Jnd not depreciated 2￿ on reduang balance 211% on reducirvJ balance 20% on stralght line The gain or105s arising on the disposal of an asset is determined as Ihe difference bets¥een the Sa￿ proceed5 and the cxThwng v81ue of the 8s5el, and is recognised in net inBomÈllexpèndtiurel for the yèar. 1.7 Impasmient of fixed assets At each repo￿ng end date, the charity reviews the cartying amounts of its tangl￿e assets to determine whether there is any indieation that those assets have suffered an impairnient loss. If any such indication exists, the recoverable arnounlof the a￿1 is estiffiated in order lo.deterniine the extent of Ihe Impaimient loss {If any). IntarvJible assets with indefinite useful lives and intaThJible assels not yet available for use are tested foi impaiment annually, and whenever there is an indication that the asset may be impair￿. 1.8 Cash and cash equivalents Cash and cash equivalerrts include osh in haThJ. deposits held al Gall with bank5, Other short-18rm liquid inveslments wlh original maluritie5 of three months or less, arbj tonk overdraft5. Bank overdraf13 are shown w￿￿1n bornwlngs in current liabilities. 1.9 Flnanclal Instruments The charity has elected to appty the provisions of Section 11 'Baslc Finan￿* Instruments, and S$di¢n 12 'Other Financial Insfrumenls Issues, of FRS 102 to all of its finanaal insttuments. Financsal instruments are recognised in the chatrty's balance sheet vthen the charity bècomes party to the ¢ontra¢lual provisions of the instwmenL Financial assets and lia1y1￿es are offset. wrth Ihe net amounts presented in the financial statements, when there is a legally enforCea￿e right lo set off the recogniwj amounts arxl there is an intsntivn lo selllg on a net basis or lo realise the asset and setue Ihe liability simultaneously. Basic financial assèts Basicfinanclal assets, which Include deblors and and bank balanos, are intttalty measured at transacllon price includirig transaction costs and are subsequenly carried at amDrti5ed c051 using tho effe¢livo interest method unles5 the arrangement constEiutes a finanring transacbon, where the transaction is measured at the present value of the future receip15 discoun￿ at a marf(et rale ol interest. Financial 888ets ¢18gsllled a8 receivable within one year are not arnortised. THE NATURIST FOUNDATION NOTES TO THE FINANCIAL STATEMEKfs (cop￿INuED) FQR THE 15 MONTH PERIOD ENDED 31 MARCH 2021 Accountlng pollcles IContd} Bttsic financial Jiabilities Bast¢ financ[￿ liablliues, Includlng credilors and bank loans are in￿"allY recognised al transacbon price unlè8S the arrangement constiiules a financing transaction. fftre Ih@ debt in5trumert is measured al the presgnl value of Ihe future payments discourrted at a market rate of interest. Finan¢Sal liabilities dassilied as paya￿6 Ihln one year are not amortisèd. Debt Instruments are subseq￿n11Y c8rf8¢1 at amortise(I cosl, using the affg¢U¥è intorest rate method. Trade c￿dItorS are obliga￿On6 to pay tor goods or 5eNces tsl have b88n acquir8d in the ordinary course ol operatiDn8 from Suppliers. Amounts payable are dassffied 88 Current liabilits.es if paymenl is due ￿th￿￿ one year or lèss. If not, Ihgy ar&presented as nowurrent liabi1rfS09. Tradg credltors are ￿COgnised initially al Iranssctlon prfco and subsequently measured at 8m¢yb'sed cost using the effecfjv8 interest method. Derncognlllon of flnand•l IleblllN•$ Flnanclal liatsllles are dere¢ogn160d whèn thè ¢hwty's ¢ontrackn#l obllgations explre or are d16ch8rgéd or ancelled. 1.10 Employw bonefJt8 The cost of any unu8•d hollday entluoment 18 wognisod In thg perlod In bthlch the employe&'6 s0ryl¢e6 arg recelved. T•nnln$lon bgnoflt8 Ire reGogni•ed immedlately 8¥ On expense when tile chaniy Is demonstrably committfr to lermlnate ihe employmqnl of an employee or to pro¥ldg tom)In*tion benefits. 1.11 R•tlr•men¢ b•n•flts Payment$ to dofined corrtrlbulion retlremont benefit schemes are chèrged a3 an •xpen80 OS thay fall ¢Yu•. Rentals p8yable undèr operadng leasos, induding any leag9 IrKenllves rvAlve(1, arè char9•d to ineome on o stralghl line basis over the tom ollhe ￿levant le888. crttlc41 accountlng t•tlmato• and Judgemonts In Intr appll¢afjon of Ihe chaws aceounllng ptsllcJe8. the Irust•o8 are rn9ulred ts maka lud9omgnt8. e8llmate8 and agSUrnPtions abtsjt the carrylng amount of assets and IiatrAlities that ao not ￿adIlY apparent frorn other sourc8s. The estsmoteg ond a¥socialed assumptions are based on historical experience and other factor6 that are conyldered lo b9 relwrt Actual r&8uEts may (thffer from the$9 eslimatgs. The estlmales and underfylng assumptions ¥Te rwe4¥ed on ￿ ongoing basls. Rev1310ns tts #¢countlng esllmate5 are recognised in Ihe portod in whl¢h the estimate is rEwsed where the ravf$l¢n affecis only that poriod. or in the pertod of the rew5ion and luiure periods Whe￿ Ihe revision affects both current and futurg periods. THE NATURIST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE f5 MONTH PERIOD ENDED 31 MARCH 2021 DonHtions 2021 2019 Jubilee bar 20.000 Donation for hire v.ans 13,039 24.731 4.731 Gift Aid donations 18,832 5,583 393 HMRC GSftAld rèbaté Other 42.501 44.808 THE NATURIST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2021 Charltabla activities Provlsion ot tsclllties Total 2021 Total 2019 Associate MeM￿r$hIp fees Seasonal Camping Holid8y meadow income Jazz Festisjal income Pils Festival income Sllenl dlsco evonl Incom8 Showers Lockers Moblle home r&ntal Income Chalet lelUng income 44,38Q 94,297 25.231 44,389 94,29T 25.231 53,716 109,590 36,932 10,668 27,531 499 4,868 499 4.868 5,851 76,375 7,527 18,375 7.527 13,970 6,120 195,824 195,824 284,578 THE NATURIST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2021 Investments 2021 2019 Interest receivable 609 1,219 other income 2021 2019 Covid Grants & JRS claims 50,402 5D,402 10- THE NATURIST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2021 Charltabl• actlvStl Prnvlglon of fa¢llltl¢8 Total 2021 Totsl 2019 Staff costs Llght ond heat Telephone systems Postage and ststlonery Advertislng Amanlty Improvernenls Prxjl and p4vilion urSty, flrsl aid ond saffjty Cowd Prec8ution8 General malnlenancg Ch81el running costs Canteen concesslon Moblle horna malnlenance PrlnllNJ of The GTova Jakz I￿tiVal Other Expenses Party In tha Stark Sundrle$ Insuranco 88.048 10.667 3.971 B8,048 10,687 3,971 6S,715 31.203 3,988 4,735 23,692 13,857 12,238 10,818 14,039 2,406 1,847 7.102 4.735 23,692 13,857 12,238 10,818 14,039 2,406 1,847 7.102 6,757 24,559 7.645 4,495 22,255 899 8,366 1,35 8,466 1,773 182 2.228 10,893 1,773 182 2.228 10,893 20,267 1,326 13,698 208,516 208,518 228,549 Share ol Support costs Isee note 8) Shar8 of govem*nGe costs {$ee note 8) 31,791 6,974 31,791 6,974 34,121 23,543 247.200 247,280 2B4,213 Electricity in the 2019 accounts wag Charged based on estirnated electricity bills. During the 2021 accounts the meter readings we provlded and ? larg@ rebate was processed. 11 THE NATURIST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2021 Support¢05tS Support Governance costs Cogls 2021 2019 Basis of allocation Employer NIC & Pension Depreualion Travel and ho8pltal Timber and husbandry Subscriptions Rateg and water Gomputer and stsllonery 1.114 13,442 377 8.295 926 772 2,128 1.167 924 270 2.376 1.114 13.442 377 8,295 926 772 2,128 1,167 924 270 2,376 3.608 Income geneTalion 14,556 Income generaiion 671 Income generalion 4,200 Inccime geneTrllon 1,010 Income generation 2.518 Income generation 1,612 Income generation 888 Income generation 431 Income generation 2.032 Income generation 2.595 Income gtrneralion Fire precaLrtiun5 Vending machine Camping expenses Bank charyes Legal 8n(a professional 6,974 6,974 23,543 Govemance 31.791 6,974 38,765 57,174 Analysed bethon Charflabie actlvlues 31,791 6,974 38.765 57,174 Trustees NDne of the tru51ees lor any persons comected wlh them) received any rEmuneration or benefits from the charity during the Period. 12- THE NATURIST FOUNDATION NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2021 Employees Numbor of employees The average monthly number ofemployees during the Period was.. 2021 Numbgr 2019 Numb•r Adminlstr8tive Ground maintenance Othèr Employmont ¢0gt8 2021 2019 Wage¥ and salarfes Employer Scdal 8ecudty ¢osts Employer W¢xkplaGe peniiDn ￿&t$ 88,048 75.872 2284 lJ25 3.589 92.751 79.481 There werè no 8mployws who¥8 annual remuner81ion was £80.000 or more. 13- THE NATURIST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2021 11 Tangiblg fixed assots Freehold Mobile Homes Fixtures, Children's fittings & playground equlpment Total Cost At 1 January202D Additions 492.429 35,162 393 34.855 1,539 562,839 1,539 Al 31 March 2021 492,429 35.162 393 tse,394 584,378 Depreclatlon and Impalrnient At 1 January 2020 Depreciation charged in the Period 7.D32 5,828 79 63 7.445 7,753 14.556 13,442 At 31 March 2021 12.658 142 15,198 27.998 Carrylng amount At 31 March 2021 492.429 22.504 251 21.196 536.380 At 31 December 2019 492,429 28,130 314 27,410 548,283 Freehold held on the accounts was originally a leasehold for the Brocken Hurst premises. Under the tèrms ol that lease the freehold owners remained benefiu8rie8 lo annual lease payments during Ihelr Ilfelime. The last beneficSary passed away In May 2016, al whSch polnl the freehold passed to The Nalurisl Foundaiion. The vaue of the Freohold is based un th8 hislori¢al lease paymen15 that have been mado towards th¢ woperty. 12 Flnancial instsurnents 2021 2019 Garrylng amount of Ilnanclal assets Debt instruments measured al amortised cost 2.710 2.710 Carrylng amount ol flnanclal IlabilÈtio5 Measured al amortlsed co81 77,548 53,134 13 Debtors 2021 2019 Amounts falllng due aftftr morg than one y•ar: Other dabtors 2.71 2.710 Other debtors refers lo the balance hgld wth Ihg Deposit Protection Service 14- THE NATURIST FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE 15 MONTH PERIOD ENDED 31 MARCH 2021 14 Crpdltors- amounts falllng due wlthln one ygar 2021 2019 Other taxation and soclal s8curity Accrued Wages Creditors Income in advonco Pils Income in a(fvanee Jazz F$stival income in advance Society funds G*e card deposits Chlldren'slGame8 fund Welfar8 fun A¢counlanYs fees 495 1,431 4,351 33,993 18,359 1,818 9,049 7,437 5,971 1,023 2,000 25,079 3,383 398 9,756 7,437 8,078 1,023 2,400 84,496 58,965 Income In advAnce rèlat8S to Camplng and MembprsNp fee8 P8ld to the charty in advan¢o. 16 R•lat•d wrty tran$acllon$ TranBaetl¢n8 wlth r•lated partl&s There were no rel*ed party Iransadon8 during the year 1S Cèsh generatsd from operatlons 2021 2019