## **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:
- 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 -
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 balances**at 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|
- 15 -
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:
- 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 -
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 balances**at 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.
- 3 -
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**
- 4 -
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.
- 5 -
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.
- 6 -
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.
- 7 -
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|
- 8 -
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**|
|---|---|
- 9 -
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|
|---|---|---|
- 10 -
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|
|---|---|
- 11 -
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.
- 12 -
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|
- 13 -
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).
- 14 -
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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