## **THE NATURIST FOUNDATION CIO ANNUAL REPORT**
## **12 Month period YEAR ENDED 31[ST] MARCH 2022**
The Naturist Foundation aims to provide naturist recreational facilities and maintain ancient woodlands for the public benefit.
There have been three changes this year to the Trustees of the charity namely:
1. Patricia Connells (Chair) retired as a Trustee.
2. Louise Howell was elected as Chair.
3. Steve Paton was elected as a Trustee.
Additional staff were recruited, namely an Office Manager.
One of the charity’s employed receptionists resigned and vacated their on-site residence in accordance with the terms of the lease.
The main source of income for the charity continued to be from camping fees from those who use the camping pitches on the separately licenced associate members’ and visitor’s camping areas within the grounds, and associate members fees.
Monies made from various events staged throughout the year also contributed to the charities income and towards the charities aims. Only one event was cancelled in this financial year due to the tail end effects of covid restrictions, this being the September 2021 5K race.
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. This year has seen an increase in visitor numbers and event attendees due to a continued staycation effect, a prolonged hot summer and the introduction of new events. This in turn has led to an increase in the number of new associate memberships.
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 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 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. 1179641**
## **THE NATURIST FOUNDATION**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022**
## **THE NATURIST FOUNDATION**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
Mrs P M Connell (Resigned 01.01.22) Mrs L J Howells Mrs P F Mills Mr T M Hall Mr S P Paton (Appointed 19.09.21)
**Charity number** 1179641 **Companies House number** CEO14936 **Independent examiner** Adams & Moore Adams & Moore House Instone Road Dartford Kent UK DA1 2AG
## **THE NATURIST FOUNDATION**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1|
|Independent examiner's report|2|
|Statement of financial activities|3|
|Balance sheet|4|
|Statement of cash flows||
|Notes to the financial statements|5 - 15|
## **THE NATURIST FOUNDATION**
## **TRUSTEES' REPORT**
## _**FOR THE PERIOD ENDED 31 MARCH 2022**_
The trustees present their report and financial statements for the Period ended 31 March 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)
## **Objectives and activities**
The charity's objects are to provide naturist recreational facilities and maintain ancient woodland for the public benefit. There has been no change in these during the Period.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
## **Financial review**
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the Period.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Following a successful application, to The Charity Commission in April 2018, all the Assets and Liabilities transfer to a new Charitable Incorporated Organisation (Charity No. 1179641) as of 1 January 2019. The former charity ceased its activities on that date. These accounts are the second for the new Charitable Incorporated Organisation.
## **Structure, governance and management**
The charity is a Charitable Incorporated Organisation controlled by its governing document, its constitution.
The trustees who served during the Period and up to the date of signature of the financial statements were: Mrs P M Connell
Mrs L J Howells Mrs P F Mills Mr T M Hall Mr S P Paton
The power to appoint new trustees, whose number shall not be limited, is vested in the surviving or continuing trustees.
All trustees are volunteers. The charity employs such personnel as it deems necessary for the administration and grounds maintenance.
The trustees' report was approved by the Board of Trustees.
## **Mrs L J Howells**
Trustee Dated: 31/01/2023
- 1 -
## **THE NATURIST FOUNDATION**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF THE NATURIST FOUNDATION**
I report to the trustees on my examination of the financial statements of The Naturist Foundation (the charity) for the Period ended 31 March 2022.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Chartered Association of Certified Accountants (ACCA), which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
## Adams & Moore
Adams & Moore House Instone Road Dartford Kent DA1 2AG UK
Dated:
- 2 -
## **THE NATURIST FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE PERIOD ENDED 31 March 2022**_
|**Unrestricted**
**funds**
**2022**
**Notes**
**£**
**Income and endowments from:**
Donations
**3**
27,002
Charitable activities
**4**
245,663
Investments
**5**
134
Other income
**6**
19,143
**Total income**
291,942
**Expenditure on:**
Charitable activities
**7**
284,824
**Total resources expended**
284,824
**Net (expenditure)/income for the year/**
**Net movement in funds**
7,117
Fund balances**at 31 March 2021**
787,190
**Fund balances at 31 March 2022**
794,307|Total
2021
**£**
42,501
195,824
609
50,402
289,336
247,280
247,280
42,056
745,134
787,190|
|---|---|
The statement of financial activities includes all gains and losses recognised in the Period.
All income and expenditure derive from continuing activities.
- 3 -
## **THE NATURIST FOUNDATION**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2022**_
|**2022**
**Notes**
**£**
**£**
**Fixed assets**
Tangible assets
**10**
524,627
**Current assets**
Debtors
**12**
18,904
Cash at bank and in hand
462,283
481,187
**Creditors: amounts falling due within**
**one year**
**13**
(211,507)
Net current assets
269,680
**Total assets less current liabilities**
794,307
**Income funds**
Unrestricted funds
794,307
794,307|**2021**
**£**
2,710
332,596
335,306
(84,496)|**£**
536,380
250,810|
|---|---|---|
|||787,190|
|||787,190|
|||787,190|
The financial statements were approved by the Trustees on ………… 31/01/2023
Mrs L J Howells **Trustee**
- 4 -
## **THE NATURIST FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## _**FOR THE PERIOD ENDED 31 MARCH 2022**_
## **1 Accounting policies**
## **Charity information**
The Naturist Foundation is a Charitable Incorporated Organisation.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity’s governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention, modified to include the revaluation of freehold properties, where held, and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Incoming resources**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies, when received, will be recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.
- 5 -
## **THE NATURIST FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE PERIOD ENDED 31 MARCH 2021**_
## **1.5 Resources expended Accounting policies**
Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold Property not depreciated Mobile Homes 20% on reducing balance Fixtures, fittings & equipment 20% on reducing balance Children’s playground 20% on straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment annually, and whenever there is an indication that the asset may be impaired.
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 6 -
## **THE NATURIST FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE PERIOD ENDED 31 MARCH 2022**_
## **Accounting policies (Contd.)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.11 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 7 -
## **THE NATURIST FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE PERIOD ENDED 31 MARCH 2022**_
|**3**
**Donations**
Donation for hire vans
Gift Aid donations
HMRC Gift Aid rebate
|**2022**
**£**
153
26,849
--
27,002|**2021**
**£**
13,039
24,731
4,731|
|---|---|---|
|||42,501|
- 8 -
## **THE NATURIST FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE PERIOD ENDED 31 MARCH 2022**_
## **4 Charitable activities**
|Associate membership fees
Member’s contribution
Seasonal camping
Holiday meadow income
Silent disco event income
Showers
Lockers
Mobile home rental income
Chalet letting income
Other Income
Party in the Stark
Laundry income
CAS casual day
Camping Winter Storage
Games fund
CRES Residential site rent|**Provision**
**of facilities**
**£**
36,237
13,053
97,766
28,745
-
2,499
795
13,918
2,953
7,541
25,925
645
4,670
8,905
1,710
300
245,663|**Total**
**2022**
**Total**
**2021**
**£**
**£**
36,237
13,053
44,389
97,766
94,297
28,745
25,231
-
499
2,499
4,866
795
640
13,918
18,375
2,953
7,527
7,541
25,925
645
4,670
8,905
1,710
300
243,663
195,824|**Total**
**2021**
**£**
44,389
94,297
25,231
499
4,866
640
18,375
7,527|
|---|---|---|---|
- 9 -
## **THE NATURIST FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE PERIOD ENDED 31 MARCH 2022**_
|**5**
**Investments**
Interest receivable
**6**
**Other income**
Covid Grants & JRS claims|**2022**
**£**
134
**2022**
**£**
19,143
19,143|**2021**
**£**
609
**2021**
**£**
50,402
50,402|
|---|---|---|
- 10 -
## **THE NATURIST FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE PERIOD ENDED 31 MARCH 2022**_
## **7 Charitable activities**
|Staff costs
Light and heat
Telephone systems
Pavilion
Advertising
Amenity improvements
Pool
Security, first aid and safety
Covid Precautions
General maintenance
Chalet running costs
Canteen concession
Mobile home maintenance
Perimeter Fence
Other Expenses
Party in the Stark
Sundries
Insurance
Share of support costs (see note 8)
Share of governance costs (see note 8)|**Provision of**
**facilities**
**£**
67,161
42,728
4,455
46
6,725
25,721
7,771
6,272
1,117
12,318
928
988
1,712
33,360
1,294
13,308
12,021
12,343
250,269
26,619
7,936
284,824|**Total**
**2022**
**£**
67,161
42,728
4,455
46
6,725
25,721
7,771
6,272
1,117
12,318
928
988
1,712
33,360
1,294
13,308
12,021
12,343
250,269
26,619
7,936
284,824|**Total**
**2021**
**£**
88,048
10,687
3,971
-
4,735
23,692
13,857
12,238
10,818
14,039
2,406
1,847
7,102
1,773
182
2,228
10,893|
|---|---|---|---|
||||208,516
31,791
6,974|
||||247,280|
During the 2021 accounts the meter readings of electricity were provided and a large rebate was processed while in 2022 accounts, members paid £7,018.56 & recovery of £6,099.30.
- 11 -
## **THE NATURIST FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE PERIOD ENDED 31 MARCH 2022**_
## **8 Support costs**
|**Support**
**costs**
**Governance**
**costs**
**2022**
**£**
**£**
**£**
Employer’s Pension
950
-
950
Depreciation
11,849
-
11,849
Travel and hospitality
754
-
754
Timber and husbandry
1,050
-
1,050
Subscriptions
1,504
-
1,504
Rates and water
1,177
-
1,177
Computer and stationery
3,525
-
3,525
Fire precautions
148
-
148
Vending machine
498
-
498
Camping expenses
1,073
-
1,073
Bank charges
4,091
-
4,091
Legal and professional
7,936
7,936
26,619
7,936
34,555
Analysed between
Charitable activities
26,619
7,936
34,555|**2021** **Basis of allocation**
**£**
1,114Income generation
13,442Income generation
377Income generation
8,295Income generation
926Income generation
772Income generation
2,128Income generation
1,167Income generation
924Income generation
270Income generation
2,376Income generation
6,974Governance
38,765
38,765|
|---|---|
## **9 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the Period.
- 12 -
## **THE NATURIST FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE PERIOD ENDED 31 MARCH 2022**_
## **9 Employees**
## **Number of employees**
The average monthly number of employees during the Period was:
||**2022**|**2021**|
|---|---|---|
||**Number**|**Number**|
|Administrative|3|2|
|Ground maintenance|2|2|
|Other|3|3|
||8|7|
|**Employment costs**|**2022**|**2021**|
||**£**|**£**|
|Wages and salaries|67,161|88,048|
|Employer Social security costs|3,850|1,114|
|Employer workplace pension costs|950|3,589|
||71,961|92,751|
- 13 -
## **THE NATURIST FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE PERIOD ENDED 31 MARCH 2022**_
## **10 Tangible fixed assets**
|**Freehold**
**£**
**Cost**
At 1 April 2021
492,429
Additions
-
At 31 March 2022
492,429
**Depreciation and impairment**
At 1 April 2021
-
Depreciation charged in the Period
-
At 31 March 2022
-
2
**Carrying amount**
At 31 March 2022
492,429
At 31 March 2021
492,429|**Mobile**
**Homes**
**Fixtures,**
**fittings &**
**equipment**
**Children’s**
**playground**
**£**
**£**
**£**
35,162
393
36,394
97
35,162
490
36,394
12,658
141
15,198
4,501
70
7,279
17,159
211
22,477
18,003
279
13,917
22,504
251
21,196|**Total**
**£**
564,378
97
564,475
27,998
11,849
39,848
524,627
536,380|
|---|---|---|
Freehold held on the accounts was originally a leasehold for the Brocken Hurst premises. Under the terms of that lease the freehold owners remained beneficiaries to annual lease payments during their lifetime. The last beneficiary passed away in May 2016, at which point the freehold passed to The Naturist Foundation. The value of the Freehold is based on the historical lease payments that have been made towards the property.
|**11**
**Financial instruments**
**Carrying amount of financial assets**
Debt instruments measured at amortised cost
**Carrying amount of financial liabilities**
Measured at amortised cost
**12**
**Debtors**
**Amounts falling due after more than one year:**
Debtors
Other debtors
Net Wages|**2022**
**2021**
**£**
**£**
2,710
2,710
77,546
77,546
**2022**
**2021**
**£**
**£**
2,710
2,710
14,584
1,610
18,904
2,710|
|---|---|
Debtors refers to the balance held with the Deposit Protection Service. Other debtor is the provision of Bromley Covid membership rebates.
- 14 -
## **THE NATURIST FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE PERIOD ENDED 31 MARCH 2022**_
## **13 Creditors: amounts falling due within one year**
|**13**|**Creditors: amounts falling due within one year**|||
|---|---|---|---|
|||**2022**|**2021**|
|||**£**|**£**|
||Other taxation and social security|1.26|495|
||Pension Payable|113|-|
||Creditors|4,351|4,351|
||CS Income in advance|101,018|33,993|
||PitS income in advance|18,387|18,359|
||Jazz Festival income in advance|7,341|1,818|
||Society funds|7,514|9,049|
||Gate card deposits|7,438|7,437|
||Children’s fund|1,776|5,971|
||Welfare/Social committee fund|2,823|1,023|
||Accountant's fees|4,400|2,000|
||Holiday/Winter income in advance|5,359||
||Associate Membership in advance|42,719||
||Chalet/CAS day visits in advance|6,177||
||Ad-hoc/wellbeing/BH5k in advance|2,090||
|||211,507|84,496|
||Income in advance relates to Camping and Membership fees paid to the charity in advance.|||
|**14**|**Cash generated from operations**|**2022**|**2021**|
|||**£**|**£**|
||(Deficit)/surplus for the Period|7,117|42,055|
||Adjustments for:|||
||Depreciation and impairment of tangible fixed assets|11,849|13,442|
||Movements in working capital:|||
||(Increase) in investment|(97)|(1,539)|
||(decrease) in creditors|125,4001|27,531|
||(increase) in other debtors|(14,583)||
||**Cash generated from operations**|129,686|81,489|
||**Cash reserves brought forward**|332,596|
251,107|
||**Cash generated from all activities**|462,282|332,596|
- 15 -
**Charity Registration No. 1179641**
## **THE NATURIST FOUNDATION**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022**
## **THE NATURIST FOUNDATION**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
Mrs P M Connell (Resigned 01.01.22) Mrs L J Howells Mrs P F Mills Mr T M Hall Mr S P Paton (Appointed 19.09.21)
**Charity number** 1179641 **Companies House number** CEO14936 **Independent examiner** Adams & Moore Adams & Moore House Instone Road Dartford Kent UK DA1 2AG
## **THE NATURIST FOUNDATION**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1|
|Independent examiner's report|2|
|Statement of financial activities|3|
|Balance sheet|4|
|Statement of cash flows||
|Notes to the financial statements|5 - 15|
## **THE NATURIST FOUNDATION**
## **TRUSTEES' REPORT**
## _**FOR THE PERIOD ENDED 31 MARCH 2022**_
The trustees present their report and financial statements for the Period ended 31 March 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)
## **Objectives and activities**
The charity's objects are to provide naturist recreational facilities and maintain ancient woodland for the public benefit. There has been no change in these during the Period.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
## **Financial review**
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the Period.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Following a successful application, to The Charity Commission in April 2018, all the Assets and Liabilities transfer to a new Charitable Incorporated Organisation (Charity No. 1179641) as of 1 January 2019. The former charity ceased its activities on that date. These accounts are the second for the new Charitable Incorporated Organisation.
## **Structure, governance and management**
The charity is a Charitable Incorporated Organisation controlled by its governing document, its constitution.
The trustees who served during the Period and up to the date of signature of the financial statements were: Mrs P M Connell
Mrs L J Howells Mrs P F Mills Mr T M Hall Mr S P Paton
The power to appoint new trustees, whose number shall not be limited, is vested in the surviving or continuing trustees.
All trustees are volunteers. The charity employs such personnel as it deems necessary for the administration and grounds maintenance.
The trustees' report was approved by the Board of Trustees.
## **Mrs L J Howells**
Trustee Dated: 31/01/2023
- 1 -
## **THE NATURIST FOUNDATION**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF THE NATURIST FOUNDATION**
I report to the trustees on my examination of the financial statements of The Naturist Foundation (the charity) for the Period ended 31 March 2022.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Chartered Association of Certified Accountants (ACCA), which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
## Adams & Moore
Adams & Moore House Instone Road Dartford Kent DA1 2AG UK
Dated:
- 2 -
## **THE NATURIST FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE PERIOD ENDED 31 March 2022**_
|**Unrestricted**
**funds**
**2022**
**Notes**
**£**
**Income and endowments from:**
Donations
**3**
27,002
Charitable activities
**4**
245,663
Investments
**5**
134
Other income
**6**
19,143
**Total income**
291,942
**Expenditure on:**
Charitable activities
**7**
284,824
**Total resources expended**
284,824
**Net (expenditure)/income for the year/**
**Net movement in funds**
7,117
Fund balances**at 31 March 2021**
787,190
**Fund balances at 31 March 2022**
794,307|Total
2021
**£**
42,501
195,824
609
50,402
289,336
247,280
247,280
42,056
745,134
787,190|
|---|---|
The statement of financial activities includes all gains and losses recognised in the Period.
All income and expenditure derive from continuing activities.
- 3 -
## **THE NATURIST FOUNDATION**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2022**_
|**2022**
**Notes**
**£**
**£**
**Fixed assets**
Tangible assets
**10**
524,627
**Current assets**
Debtors
**12**
18,904
Cash at bank and in hand
462,283
481,187
**Creditors: amounts falling due within**
**one year**
**13**
(211,507)
Net current assets
269,680
**Total assets less current liabilities**
794,307
**Income funds**
Unrestricted funds
794,307
794,307|**2021**
**£**
2,710
332,596
335,306
(84,496)|**£**
536,380
250,810|
|---|---|---|
|||787,190|
|||787,190|
|||787,190|
The financial statements were approved by the Trustees on ………… 31/01/2023
Mrs L J Howells **Trustee**
- 4 -
## **THE NATURIST FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## _**FOR THE PERIOD ENDED 31 MARCH 2022**_
## **1 Accounting policies**
## **Charity information**
The Naturist Foundation is a Charitable Incorporated Organisation.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity’s governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention, modified to include the revaluation of freehold properties, where held, and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Incoming resources**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies, when received, will be recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.
- 5 -
## **THE NATURIST FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE PERIOD ENDED 31 MARCH 2021**_
## **1.5 Resources expended Accounting policies**
Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold Property not depreciated Mobile Homes 20% on reducing balance Fixtures, fittings & equipment 20% on reducing balance Children’s playground 20% on straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment annually, and whenever there is an indication that the asset may be impaired.
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity’s balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 6 -
## **THE NATURIST FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE PERIOD ENDED 31 MARCH 2022**_
## **Accounting policies (Contd.)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.11 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 7 -
## **THE NATURIST FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE PERIOD ENDED 31 MARCH 2022**_
|**3**
**Donations**
Donation for hire vans
Gift Aid donations
HMRC Gift Aid rebate
|**2022**
**£**
153
26,849
--
27,002|**2021**
**£**
13,039
24,731
4,731|
|---|---|---|
|||42,501|
- 8 -
## **THE NATURIST FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE PERIOD ENDED 31 MARCH 2022**_
## **4 Charitable activities**
|Associate membership fees
Member’s contribution
Seasonal camping
Holiday meadow income
Silent disco event income
Showers
Lockers
Mobile home rental income
Chalet letting income
Other Income
Party in the Stark
Laundry income
CAS casual day
Camping Winter Storage
Games fund
CRES Residential site rent|**Provision**
**of facilities**
**£**
36,237
13,053
97,766
28,745
-
2,499
795
13,918
2,953
7,541
25,925
645
4,670
8,905
1,710
300
245,663|**Total**
**2022**
**Total**
**2021**
**£**
**£**
36,237
13,053
44,389
97,766
94,297
28,745
25,231
-
499
2,499
4,866
795
640
13,918
18,375
2,953
7,527
7,541
25,925
645
4,670
8,905
1,710
300
243,663
195,824|**Total**
**2021**
**£**
44,389
94,297
25,231
499
4,866
640
18,375
7,527|
|---|---|---|---|
- 9 -
## **THE NATURIST FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE PERIOD ENDED 31 MARCH 2022**_
|**5**
**Investments**
Interest receivable
**6**
**Other income**
Covid Grants & JRS claims|**2022**
**£**
134
**2022**
**£**
19,143
19,143|**2021**
**£**
609
**2021**
**£**
50,402
50,402|
|---|---|---|
- 10 -
## **THE NATURIST FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE PERIOD ENDED 31 MARCH 2022**_
## **7 Charitable activities**
|Staff costs
Light and heat
Telephone systems
Pavilion
Advertising
Amenity improvements
Pool
Security, first aid and safety
Covid Precautions
General maintenance
Chalet running costs
Canteen concession
Mobile home maintenance
Perimeter Fence
Other Expenses
Party in the Stark
Sundries
Insurance
Share of support costs (see note 8)
Share of governance costs (see note 8)|**Provision of**
**facilities**
**£**
67,161
42,728
4,455
46
6,725
25,721
7,771
6,272
1,117
12,318
928
988
1,712
33,360
1,294
13,308
12,021
12,343
250,269
26,619
7,936
284,824|**Total**
**2022**
**£**
67,161
42,728
4,455
46
6,725
25,721
7,771
6,272
1,117
12,318
928
988
1,712
33,360
1,294
13,308
12,021
12,343
250,269
26,619
7,936
284,824|**Total**
**2021**
**£**
88,048
10,687
3,971
-
4,735
23,692
13,857
12,238
10,818
14,039
2,406
1,847
7,102
1,773
182
2,228
10,893|
|---|---|---|---|
||||208,516
31,791
6,974|
||||247,280|
During the 2021 accounts the meter readings of electricity were provided and a large rebate was processed while in 2022 accounts, members paid £7,018.56 & recovery of £6,099.30.
- 11 -
## **THE NATURIST FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE PERIOD ENDED 31 MARCH 2022**_
## **8 Support costs**
|**Support**
**costs**
**Governance**
**costs**
**2022**
**£**
**£**
**£**
Employer’s Pension
950
-
950
Depreciation
11,849
-
11,849
Travel and hospitality
754
-
754
Timber and husbandry
1,050
-
1,050
Subscriptions
1,504
-
1,504
Rates and water
1,177
-
1,177
Computer and stationery
3,525
-
3,525
Fire precautions
148
-
148
Vending machine
498
-
498
Camping expenses
1,073
-
1,073
Bank charges
4,091
-
4,091
Legal and professional
7,936
7,936
26,619
7,936
34,555
Analysed between
Charitable activities
26,619
7,936
34,555|**2021** **Basis of allocation**
**£**
1,114Income generation
13,442Income generation
377Income generation
8,295Income generation
926Income generation
772Income generation
2,128Income generation
1,167Income generation
924Income generation
270Income generation
2,376Income generation
6,974Governance
38,765
38,765|
|---|---|
## **9 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the Period.
- 12 -
## **THE NATURIST FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE PERIOD ENDED 31 MARCH 2022**_
## **9 Employees**
## **Number of employees**
The average monthly number of employees during the Period was:
||**2022**|**2021**|
|---|---|---|
||**Number**|**Number**|
|Administrative|3|2|
|Ground maintenance|2|2|
|Other|3|3|
||8|7|
|**Employment costs**|**2022**|**2021**|
||**£**|**£**|
|Wages and salaries|67,161|88,048|
|Employer Social security costs|3,850|1,114|
|Employer workplace pension costs|950|3,589|
||71,961|92,751|
- 13 -
## **THE NATURIST FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE PERIOD ENDED 31 MARCH 2022**_
## **10 Tangible fixed assets**
|**Freehold**
**£**
**Cost**
At 1 April 2021
492,429
Additions
-
At 31 March 2022
492,429
**Depreciation and impairment**
At 1 April 2021
-
Depreciation charged in the Period
-
At 31 March 2022
-
2
**Carrying amount**
At 31 March 2022
492,429
At 31 March 2021
492,429|**Mobile**
**Homes**
**Fixtures,**
**fittings &**
**equipment**
**Children’s**
**playground**
**£**
**£**
**£**
35,162
393
36,394
97
35,162
490
36,394
12,658
141
15,198
4,501
70
7,279
17,159
211
22,477
18,003
279
13,917
22,504
251
21,196|**Total**
**£**
564,378
97
564,475
27,998
11,849
39,848
524,627
536,380|
|---|---|---|
Freehold held on the accounts was originally a leasehold for the Brocken Hurst premises. Under the terms of that lease the freehold owners remained beneficiaries to annual lease payments during their lifetime. The last beneficiary passed away in May 2016, at which point the freehold passed to The Naturist Foundation. The value of the Freehold is based on the historical lease payments that have been made towards the property.
|**11**
**Financial instruments**
**Carrying amount of financial assets**
Debt instruments measured at amortised cost
**Carrying amount of financial liabilities**
Measured at amortised cost
**12**
**Debtors**
**Amounts falling due after more than one year:**
Debtors
Other debtors
Net Wages|**2022**
**2021**
**£**
**£**
2,710
2,710
77,546
77,546
**2022**
**2021**
**£**
**£**
2,710
2,710
14,584
1,610
18,904
2,710|
|---|---|
Debtors refers to the balance held with the Deposit Protection Service. Other debtor is the provision of Bromley Covid membership rebates.
- 14 -
## **THE NATURIST FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE PERIOD ENDED 31 MARCH 2022**_
## **13 Creditors: amounts falling due within one year**
|**13**|**Creditors: amounts falling due within one year**|||
|---|---|---|---|
|||**2022**|**2021**|
|||**£**|**£**|
||Other taxation and social security|1.26|495|
||Pension Payable|113|-|
||Creditors|4,351|4,351|
||CS Income in advance|101,018|33,993|
||PitS income in advance|18,387|18,359|
||Jazz Festival income in advance|7,341|1,818|
||Society funds|7,514|9,049|
||Gate card deposits|7,438|7,437|
||Children’s fund|1,776|5,971|
||Welfare/Social committee fund|2,823|1,023|
||Accountant's fees|4,400|2,000|
||Holiday/Winter income in advance|5,359||
||Associate Membership in advance|42,719||
||Chalet/CAS day visits in advance|6,177||
||Ad-hoc/wellbeing/BH5k in advance|2,090||
|||211,507|84,496|
||Income in advance relates to Camping and Membership fees paid to the charity in advance.|||
|**14**|**Cash generated from operations**|**2022**|**2021**|
|||**£**|**£**|
||(Deficit)/surplus for the Period|7,117|42,055|
||Adjustments for:|||
||Depreciation and impairment of tangible fixed assets|11,849|13,442|
||Movements in working capital:|||
||(Increase) in investment|(97)|(1,539)|
||(decrease) in creditors|125,4001|27,531|
||(increase) in other debtors|(14,583)||
||**Cash generated from operations**|129,686|81,489|
||**Cash reserves brought forward**|332,596|
251,107|
||**Cash generated from all activities**|462,282|332,596|
- 15 -