THE NATURIST FOUNDATION CIO ANNUAL REPORT
12 Month period YEAR ENDED 31[ST] MARCH 2023
The Naturist Foundation aims to provide naturist recreational facilities and maintain ancient woodlands for the public benefit.
There have been no changes this year to the Trustees of the charity.
Additional staff were recruited, namely, a part-time receptionist and a part-time groundsman. One employee resigned, namely the Office Manager, and was not replaced.
The main source of income for the charity continued to be from camping fees paid by associate members for the use of licensed camping pitches, and from visitors’ camping areas within the grounds, and associate members fees.
Monies made from various events staged throughout the year also contributed to the charity’s income and towards the charity’s aims.
To maintain the interest of the current associate members and continue to attract visitors and new associate members from the general public, the Social and Games Committee again organised a timetable of events to take place. An increase in marketing activity for events, and the benefits of naturism through multiple media channels, has contributed to both higher attendance levels at events and new associate membership applications.
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 grounds.
The Naturist Foundation endeavors to promote recreation, wellness and wellbeing and maintains its grounds and infrastructure for that purpose. Fulfilling that aim is at the heart of everything undertaken this year.
For the Trustees
E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
Charity Registration No. 1179641
THE NATURIST FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023
E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs L J Howells Mrs P F Mills Mr T M Hall Mr S P Paton Charity number 1179641 Companies House number CEO14936 Independent examiner Adams & Moore Adams & Moore House Instone Road Dartford Kent UK DA1 2AG
E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
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 |
E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
TRUSTEES' REPORT
FOR THE PERIOD ENDED 31 MARCH 2023
The trustees present their report and financial statements for the Period ended 31 March 2023.
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 those 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 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.
M L J Howells The trustees' report was approved by the Board of Trustees. 25/01/2024 13:57:20
Mrs L J Howells
Trustee
Dated:
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
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 2023.
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:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Adams & Moore
Adams & Moore House Instone Road Dartford Kent DA1 2AG UK
Dated:
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE PERIOD ENDED 31 March 2023
| Unrestricted funds 2023 Notes £ Income and endowments from: Donations 3 79,713 Charitable activities 4 335,688 Investments 5 -- Other income 6 (14,583) Total income 400,818 Expenditure on: Charitable activities 7 425,845 Total resources expended 425,845 Net (expenditure)/income for the year/ Net movement in funds (25,027) Fund balancesat 31 March 2022 794,307 Fund balances at 31 March 2023 769,280 |
Total 2022 £ 27,002 245,663 134 19,143 291,942 284,824 284,824 7,117 787,190 794,307 |
|---|---|
The statement of financial activities includes all gains and losses recognised in the Period.
All income and expenditure derive from continuing activities.
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
BALANCE SHEET
AS AT 31 MARCH 2023
| 2023 2022 Notes £ £ £ Fixed assets Tangible assets 11 516,376 Current assets Debtors 13 7,567 18,904 Cash at bank and in hand 457,812 462,283 465,379 481,187 Creditors: amounts falling due within one year 14 (212,475) (211,507) Net current assets 252,904 Total assets less current liabilities 769,280 Income funds Unrestricted funds 769,280 769,280 |
£ 524,627 269,680 |
|---|---|
| 794,307 | |
| 794,307 | |
| 794,307 |
The financial statements were approved by the Trustees on …………
M L J Howells 25/01/2024 13:57:20
Mrs L J Howells Trustee
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
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 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.
1.3 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.
1.4 Resources expended
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.
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
Accounting policies (Contd.)
1.5 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.
1.6 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.
1.7 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.
1.8 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.
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
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.
1.9 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.
1.10 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
| 3 Donations Donation Gift Aid donations |
2023 £ 60,847 18,866 79,713 |
2022 £ 153 26,849 |
|---|---|---|
| 27,002 |
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
4 Charitable activities
| Provision of facilities Total 2023 £ £ Membership 59,116 59,116 Members’ contribution -- -- Seasonal camping 105,149 105,149 Meadow camping 24,863 24,863 Showers 2,687 2,687 Lockers 460 460 Residents 13,670 13,670 Chalet 10,171 10,171 Other income 9,415 9,415 Party in the stark 30,255 30,255 Laundry 2,074 2,074 Day visits 8,585 8,585 Winter Storage 11,996 11,996 Electric recovery members and residents 24,268 24,268 Jazz 12,515 12,515 Games fund -- -- CRES Residential site rent -- -- Wellness 1,853 1,853 Scarefest 949 949 5K 4,834 4,834 Gas bottle sales 2,522 2,522 General events–Ad-hoc 10,006 10,006 Catering concession 300 300 335,688 335,688 |
Total 2022 £ 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 |
|---|---|
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
5 Investments
| Interest receivable 6 Other income Covid Grants & JRS claims Covid Memberships Repaid |
2023 £ -- 2023 £ -- (14,583) (14,583) |
2022 £ 134 2022 £ 19,143 -- 19,143 |
|---|---|---|
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
7 Charitable activities
| Provision of facilities Total 2023 £ £ Wages 90,994 90,994 Electricity 54,962 54,962 Office supplies 6,595 6,595 Gas 3,252 3,252 Advertising 4,469 4,469 Amenity improvements 984 984 Grounds/Building maintenance 17,135 17,135 Swimming pool 14,882 14,882 Health and safety 9,116 9,116 Covid Precautions -- -- Refuse and waste 9,580 9,580 Chalet 351 351 Catering concession 1,109 1,109 Mobile homes 3,009 3,009 Perimeter Fence 17,638 17,638 Miscellaneous Expenses 1,4391,439 Party in the Stark 22,203 22,203 Sundries (2,903) (2,903) Insurance 2,403 2,403 Cleaning 4,905 4,905 Jazz 9,866 9,866 Wellness 171 171 Scarefest 1,132 1,132 5K 2,187 2,187 Ad-hoc events 8,676 8,676 Toilet block 55,888 55,888 Websites 3,321 3,321 Plant purchase and maintenance 43,985 43,985 Gas bottle purchase 2,378 2,378 Security 1,078 1,078 Water 1,991 1,991 392,796392,796 Share of support costs (see note 8) 12,991 12,991 Share of governance costs (see note 8)20,058 20,058 425,845 425,845 |
Total 2022 £ 67,161 42,728 4,455 46 6,725 25,721 12,318 7,771 6,272 1,117 -- 928 988 1,712 33,360 1,294 13,308 12,021 12,343 -- 250,269 26,619 7,936 284,824 |
|---|---|
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
8 Support costs
| Support costs Governance costs £ £ Employer’sPension -- Depreciation 11,606 -- Travel and hospitality -- Timber and husbandry -- Subscriptions 1,878 -- Rates and water 1,177 -- Computer and stationery -- Fire precautions -- Vending machine -- Camping expenses 67 -- Bank charges -- Bank charges and interest earned (1,737) -- Legal and professional 20,058 12,991 20,058 Analysed between Charitable activities 12,991 20,058 |
2023 £ 11,606 1,878 1,177 67 -- (1,737) 20,058 33,049 33,049 |
2022 Basis of allocation £ 950Income generation 11,849Income generation 754Income generation 1,050Income generation 1,504Income generation 1,177Income generation 3,525Income generation 148Income generation 498Income generation 1,073Income generation 4,091Income generation -- 7,936Governance 34,555 34,555 |
|---|---|---|
9 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the Period.
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
10 Employees
Number of employees
The average monthly number of employees during the Period was:
| 2023 | 2022 | |
|---|---|---|
| Number | Number | |
| Administrative | 4 | 3 |
| Ground maintenance | 3 | 2 |
| Other | 4 | 3 |
| 11 | 8 | |
| Employment costs | 2023 | 2022 |
| £ | £ | |
| Wages and salaries | 89,263 | 67,161 |
| Employer Social security costs | 785 | 3,850 |
| Employer workplace pension costs | 946 | 950 |
| 90,994 | 71,961 |
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
| 11 Tangible fixed assets Freehold £ Cost At 1 April 2022 492,429 Additions - Disposal At 31 March 2023 492,429 Depreciation and impairment At 1 April 2022 - Depreciation charged in the Period - Depreciation on disposal At 31 March 2023 - Carrying amount At 31 March 2023 492,429 At 31 March 2022 492,429 |
Mobile Homes Fixtures, fittings & equipment Children’s playground £ £ £ 35,162 490 36,394 3,354 - - 38,516 490 36,394 17,159 211 22,477 4,271 56 7,279 - 21,430 267 29,756 17,086 223 6,638 18,003 279 13,917 |
Total £ 564,475 3,354 - 567,829 39,848 11,606 51,454 516,376 524,628 |
|---|---|---|
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.
| 12 Financial instruments Carrying amount of financial assets Debt instruments measured at amortised cost Carrying amount of financial liabilities Measured at amortised cost 13 Debtors Amounts falling due within one year: Debtors Other debtors Net Wages |
2023 £ 2,960 5,428 2023 £ 2,960 2,473 2,134 7,567 |
2022 £ 2,710 77,546 2022 £ 2,710 14,584 1,610 18,904 |
|---|---|---|
Debtors refers to the balance held with the Deposit Protection Service. Other debtor consists of the expenses paid in advance (Oktoberfest and PitS).
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
14 Creditors: amounts falling due within one year
| Other taxation and social security Pension Payable Creditors CS Income in advance PitS income in advance Jazz Festival income in advance Society funds Gate card deposits Children’s fund Welfare/Social committee fund Accountant's fees Holiday/Winter income in advance Associate Membership in advance Chalet/CAS Day visits in advance Ad-hoc/wellbeing/BH5k in advance |
2023 £ 865 212 4,351 110,112 26,658 5,630 (850) -- 3,861 -- 2,820 3,590 46,915 6,666 1,645 212,475 |
2022 £ 1.26 113 4,351 101,018 18,387 7,341 7,514 7,438 1,776 2,823 4,400 5,359 42,719 6,177 2,090 211,507 |
|---|---|---|
| Income in advance relates to Camping and Membership fees paid to the charity in advance. 15 Cash generated from operations 2023 £ (Deficit)/surplus for the Period (25,027) Adjustments for: Depreciation and impairment of tangible fixed assets 11,606 Movements in working capital: (Increase) in investment (3,354) Increase in creditors 968 Decrease in other debtors 11,337 Cash generated from operations (4,470) Cash reserves brought forward 462,282 Cash generated from all activities 457,812 |
2022 £ 7,117 11,849 (97) 125,401 (14,583) 129,686 |
|---|---|
| 332,596 462,282 |
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
Charity Registration No. 1179641
THE NATURIST FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023
E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs L J Howells Mrs P F Mills Mr T M Hall Mr S P Paton Charity number 1179641 Companies House number CEO14936 Independent examiner Adams & Moore Adams & Moore House Instone Road Dartford Kent UK DA1 2AG
E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
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 |
E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
TRUSTEES' REPORT
FOR THE PERIOD ENDED 31 MARCH 2023
The trustees present their report and financial statements for the Period ended 31 March 2023.
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 those 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 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.
M L J Howells The trustees' report was approved by the Board of Trustees. 25/01/2024 13:57:20
Mrs L J Howells
Trustee
Dated:
- 1 -
E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
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 2023.
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:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Adams & Moore
Adams & Moore House Instone Road Dartford Kent DA1 2AG UK
Dated:
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE PERIOD ENDED 31 March 2023
| Unrestricted funds 2023 Notes £ Income and endowments from: Donations 3 79,713 Charitable activities 4 335,688 Investments 5 -- Other income 6 (14,583) Total income 400,818 Expenditure on: Charitable activities 7 425,845 Total resources expended 425,845 Net (expenditure)/income for the year/ Net movement in funds (25,027) Fund balancesat 31 March 2022 794,307 Fund balances at 31 March 2023 769,280 |
Total 2022 £ 27,002 245,663 134 19,143 291,942 284,824 284,824 7,117 787,190 794,307 |
|---|---|
The statement of financial activities includes all gains and losses recognised in the Period.
All income and expenditure derive from continuing activities.
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
BALANCE SHEET
AS AT 31 MARCH 2023
| 2023 2022 Notes £ £ £ Fixed assets Tangible assets 11 516,376 Current assets Debtors 13 7,567 18,904 Cash at bank and in hand 457,812 462,283 465,379 481,187 Creditors: amounts falling due within one year 14 (212,475) (211,507) Net current assets 252,904 Total assets less current liabilities 769,280 Income funds Unrestricted funds 769,280 769,280 |
£ 524,627 269,680 |
|---|---|
| 794,307 | |
| 794,307 | |
| 794,307 |
The financial statements were approved by the Trustees on …………
M L J Howells 25/01/2024 13:57:20
Mrs L J Howells Trustee
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
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 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.
1.3 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.
1.4 Resources expended
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.
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
Accounting policies (Contd.)
1.5 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.
1.6 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.
1.7 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.
1.8 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.
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
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.
1.9 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.
1.10 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
| 3 Donations Donation Gift Aid donations |
2023 £ 60,847 18,866 79,713 |
2022 £ 153 26,849 |
|---|---|---|
| 27,002 |
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
4 Charitable activities
| Provision of facilities Total 2023 £ £ Membership 59,116 59,116 Members’ contribution -- -- Seasonal camping 105,149 105,149 Meadow camping 24,863 24,863 Showers 2,687 2,687 Lockers 460 460 Residents 13,670 13,670 Chalet 10,171 10,171 Other income 9,415 9,415 Party in the stark 30,255 30,255 Laundry 2,074 2,074 Day visits 8,585 8,585 Winter Storage 11,996 11,996 Electric recovery members and residents 24,268 24,268 Jazz 12,515 12,515 Games fund -- -- CRES Residential site rent -- -- Wellness 1,853 1,853 Scarefest 949 949 5K 4,834 4,834 Gas bottle sales 2,522 2,522 General events–Ad-hoc 10,006 10,006 Catering concession 300 300 335,688 335,688 |
Total 2022 £ 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 |
|---|---|
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
5 Investments
| Interest receivable 6 Other income Covid Grants & JRS claims Covid Memberships Repaid |
2023 £ -- 2023 £ -- (14,583) (14,583) |
2022 £ 134 2022 £ 19,143 -- 19,143 |
|---|---|---|
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
7 Charitable activities
| Provision of facilities Total 2023 £ £ Wages 90,994 90,994 Electricity 54,962 54,962 Office supplies 6,595 6,595 Gas 3,252 3,252 Advertising 4,469 4,469 Amenity improvements 984 984 Grounds/Building maintenance 17,135 17,135 Swimming pool 14,882 14,882 Health and safety 9,116 9,116 Covid Precautions -- -- Refuse and waste 9,580 9,580 Chalet 351 351 Catering concession 1,109 1,109 Mobile homes 3,009 3,009 Perimeter Fence 17,638 17,638 Miscellaneous Expenses 1,4391,439 Party in the Stark 22,203 22,203 Sundries (2,903) (2,903) Insurance 2,403 2,403 Cleaning 4,905 4,905 Jazz 9,866 9,866 Wellness 171 171 Scarefest 1,132 1,132 5K 2,187 2,187 Ad-hoc events 8,676 8,676 Toilet block 55,888 55,888 Websites 3,321 3,321 Plant purchase and maintenance 43,985 43,985 Gas bottle purchase 2,378 2,378 Security 1,078 1,078 Water 1,991 1,991 392,796392,796 Share of support costs (see note 8) 12,991 12,991 Share of governance costs (see note 8)20,058 20,058 425,845 425,845 |
Total 2022 £ 67,161 42,728 4,455 46 6,725 25,721 12,318 7,771 6,272 1,117 -- 928 988 1,712 33,360 1,294 13,308 12,021 12,343 -- 250,269 26,619 7,936 284,824 |
|---|---|
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
8 Support costs
| Support costs Governance costs £ £ Employer’sPension -- Depreciation 11,606 -- Travel and hospitality -- Timber and husbandry -- Subscriptions 1,878 -- Rates and water 1,177 -- Computer and stationery -- Fire precautions -- Vending machine -- Camping expenses 67 -- Bank charges -- Bank charges and interest earned (1,737) -- Legal and professional 20,058 12,991 20,058 Analysed between Charitable activities 12,991 20,058 |
2023 £ 11,606 1,878 1,177 67 -- (1,737) 20,058 33,049 33,049 |
2022 Basis of allocation £ 950Income generation 11,849Income generation 754Income generation 1,050Income generation 1,504Income generation 1,177Income generation 3,525Income generation 148Income generation 498Income generation 1,073Income generation 4,091Income generation -- 7,936Governance 34,555 34,555 |
|---|---|---|
9 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the Period.
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
10 Employees
Number of employees
The average monthly number of employees during the Period was:
| 2023 | 2022 | |
|---|---|---|
| Number | Number | |
| Administrative | 4 | 3 |
| Ground maintenance | 3 | 2 |
| Other | 4 | 3 |
| 11 | 8 | |
| Employment costs | 2023 | 2022 |
| £ | £ | |
| Wages and salaries | 89,263 | 67,161 |
| Employer Social security costs | 785 | 3,850 |
| Employer workplace pension costs | 946 | 950 |
| 90,994 | 71,961 |
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
| 11 Tangible fixed assets Freehold £ Cost At 1 April 2022 492,429 Additions - Disposal At 31 March 2023 492,429 Depreciation and impairment At 1 April 2022 - Depreciation charged in the Period - Depreciation on disposal At 31 March 2023 - Carrying amount At 31 March 2023 492,429 At 31 March 2022 492,429 |
Mobile Homes Fixtures, fittings & equipment Children’s playground £ £ £ 35,162 490 36,394 3,354 - - 38,516 490 36,394 17,159 211 22,477 4,271 56 7,279 - 21,430 267 29,756 17,086 223 6,638 18,003 279 13,917 |
Total £ 564,475 3,354 - 567,829 39,848 11,606 51,454 516,376 524,628 |
|---|---|---|
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.
| 12 Financial instruments Carrying amount of financial assets Debt instruments measured at amortised cost Carrying amount of financial liabilities Measured at amortised cost 13 Debtors Amounts falling due within one year: Debtors Other debtors Net Wages |
2023 £ 2,960 5,428 2023 £ 2,960 2,473 2,134 7,567 |
2022 £ 2,710 77,546 2022 £ 2,710 14,584 1,610 18,904 |
|---|---|---|
Debtors refers to the balance held with the Deposit Protection Service. Other debtor consists of the expenses paid in advance (Oktoberfest and PitS).
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E-Sign ID: fcfa5913-360c-4b1e-b944-a3cf373774c0
THE NATURIST FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
14 Creditors: amounts falling due within one year
| Other taxation and social security Pension Payable Creditors CS Income in advance PitS income in advance Jazz Festival income in advance Society funds Gate card deposits Children’s fund Welfare/Social committee fund Accountant's fees Holiday/Winter income in advance Associate Membership in advance Chalet/CAS Day visits in advance Ad-hoc/wellbeing/BH5k in advance |
2023 £ 865 212 4,351 110,112 26,658 5,630 (850) -- 3,861 -- 2,820 3,590 46,915 6,666 1,645 212,475 |
2022 £ 1.26 113 4,351 101,018 18,387 7,341 7,514 7,438 1,776 2,823 4,400 5,359 42,719 6,177 2,090 211,507 |
|---|---|---|
| Income in advance relates to Camping and Membership fees paid to the charity in advance. 15 Cash generated from operations 2023 £ (Deficit)/surplus for the Period (25,027) Adjustments for: Depreciation and impairment of tangible fixed assets 11,606 Movements in working capital: (Increase) in investment (3,354) Increase in creditors 968 Decrease in other debtors 11,337 Cash generated from operations (4,470) Cash reserves brought forward 462,282 Cash generated from all activities 457,812 |
2022 £ 7,117 11,849 (97) 125,401 (14,583) 129,686 |
|---|---|
| 332,596 462,282 |
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