2023-04-30-accounts - Guiting Manor Amenity Trust

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Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2 to 8
Statement ofTrustees'	Responsibilities
Independent Auditors'	Report	10to 12
Statement of Financial	Activities	13
Balance Sheet		14
Consolidated Cash Flow Statement		15
Notes to the Financial	Statements	16to 32

							Unrestricted	funds
							2023	2022
						Note		6
Incoming resources
Incoming resources from generated				funds
Voluntary
Donations
Other activities for generating			funds
Trading turnover ofsubsidiary							1,614,159	1,348,200
Investment income
Dividends received							17,409		13,512
Interest received							16,703		10,328
Rental income							81~0048		752,338
							844,160		776,178
Other incoming resources							14,309		15,955
Total incoming resources							2,472,628	2,140,333
Resources expended
Costs of generating funds
Trading costs of subsidiary							1,040,071		839,732
Charitable activities							555,635		409,132
Investment management	activities						12460		12348
							1,608,166	1,261,212
Governance costs							19,176		14,281
Other resources expended							89,734		19,990
Total resources expended							1~717,076	~1,295483
Net incoming resources before			taxation				755,552		844,850
Corporation tax on net incoming			resources				~164300		39 187
Net incoming resources before			gains/(losses)				601,252		805,663
Gains/losses on investment		assets					4,035,171	5,809,145
Net income							4,636,423	6,614,808
Other recognised gains and		losses
Gains/losses on revaluation		of	fixed	assets for charity's	own
use							110,739		146,182
Net movement in funds for	the		period				4,747,162	6,760,990
Funds brought forward at 1		May 2022					5957&,758	52,817,768
Funds carried forward at 30April 2023						20	64,325,920	59,578,758

	Tr	ust a	nd Cons	olidate	d Balance Sh	eet as at3	0April 2023
					2023		2022
					Group	Trust	Group	Trust
				Note	6	6
Fixed assets
Intangible	assets			12
Tangible assets				13	16,637,253	1,384,828	15,432,660	1,263,011
Investments				14	46,615,576	60,460,035	42,753,532	55,897,991
					63,252,829	61,844,863	58,186,192	57,161,002
Current assets
Stocks				15	648,065	3,811	498,765	2,495
Debtors				16	389,354	47,757	260,534	54,721
Cash at bank and in hand					929,559	267,374	1,383,311	364,436
					1,966,978	318,942	2,142,610	421,652
Creditors:	amounts	falling	due
within one	year			17	450,370	121,887	345,485	54,700
Net current	assets/(liabilities)				1,516,608	197,055	1,797,125	366,952
Total assets less current			liabilities		64,769,437	62,041,918	59,983,317	57,527,954
Creditohu	amounts	falling	due
after more	than one year			18	81,243		203,460
Provisions	for liabilities and
charges				19	362274		201 099
Net assets					64,325,920	62,041,918	~59578,758	57,527,954
Represented by
Total funds				20	64,325,920	62,041,918	59,578,758	57,527,954

Consolidated Cash	Flow	Statement for t	he Year	Ended 30April 2	023
				Unrestricted	funds
				2023	2022
			Note		8
Cash flows from operating activities
Net cash provided by (used in) operating		activities		601,252	805,663
Adjustments to cash flows from non-cash		items
Depreciation				279,653	241,013
(Profit)/loss on disposal oftangible fixed assets				(248,360)	(184,624)
Deferred tax provision				161,175	32,662
Finance costs
Investment income				(34,112)	(23,840)
				759,608	870,874
Working capital adjustments
(Increase) Decrease in stocks				(149,300)	(198,418)
(Increase) Decrease in debtors				(128,820)	(33,153)
Increase (Decrease} in creditors				52,257	(31,128)
Increase (Decrease) in deferred	income			205	(3,498)
Net cash flows from operating activities				533,950	604,677
Cash flows from investing activities
Interest receivable and similar income				I6,703	10,328
Purchase oftangible fixed assets				(692,647)	(517,775)
Sale oftangible fixed assets				267,500	220,251
Purchase of investments				(641,359)	(570,579)
Sale of investments				194,886	279,868
Income from dividends				17,409	13,512
Cash deposits within investment	portfolio			(80,401)	(34,046)
Net cash from investing activities				(917,909)	(598,441)
Hire purchase and finance lease	credit secured			(65,331)	194,915
Hire purchase and finance lease	repayments			(4,462)	(4,462)
Net cash from financing activities				(69,793)	190,453
Net increase (decrease) in cash and cash equivalents				~453252	196659
Cash and cash equivalents at 1 May				1,383,311	1,186,622
Cash and cash equivalents at 30April				929,559	1,383,311

Depreciation is provided	on tangible	fixed assets so as to write off the cost	or valuation,	or valuation,
estimated residual value,	over their expected useful economic life as follows:
Asset class		Depreciation method and rate
Property improvements		over 40 years
Fencing		10%per annum	on cost
Equipment and farm machinery		10%to 15%per	annum	on cost
Office and computer equipment		10%to 25% per	annum	on cost
Motor vehicles		20% per annum	on cost
Tractors and combines		20% per annum	on cost

accounts present below:	ed here	. The non-charitable trading activit	ies ofthis subsidiary are summ	arised
			2023 f	2022 f
Turnover			1,498,430	1,266,802
Cost ofsales			309,017	207861
Gross profit			1,108,613	1,058,941
Administrative expenses			837,834	954,877
Other operating	income		115,729	81,398
Operating profit			386,508	185,462
Other interest receivable		and similar income	990	52
interest payable	and similar charges			1,079
Profit on ordinary Tax on profit on	activities before taxation ordinary activities		387,498 ~754,300	184,435 ~30,707
Retained profit for the year			233,190	145 248

3 Rental income
	2023		2022
	Group	Ti'ustf	Groupf	Trustf
Commercial	64,245	64,245	56,814	56,814
Agricultural		121,129		121,129
Residential	738,342	763,293	688,130	712,170
Garages	6,285	6,285	6,252	6,252
Sundry	1,176	1 176	42	1,142
	810,048	956,128	752,338	897,507

				2023		2022
				Group	Trust 8	Group	Trustf
Staff costs				470,973	120,076	401,292	89,302
Depreciation	oftangible	assets		279,653	3,315	241,013	3,522
(Profit)/loss	on disposal	oftangible	assets	(248,360)		(184,624)	(1,500)
Audit fees				10,675	3,675	9,125	3,725
Auditors remuneration		for non-audit	work	1,600	1,600	1,250	1,250

5 Charitable activities
			2023		2022
			Group	Trust	Group	Trust
			6	6
Property maintenance
Wages and salaries			78,871	78,871	56,499	56,499
Employers NIC			5,424	5,424	3,759	3,759
Staff pensions			3,516	3,516	2,665	2,665
Life assurance			667	667	540	540
Staff training			504	504	1,150	1,150
Architectural fees			4,648	4,648	1,321	1,321
Motor and travel			4,546	4,546	2,488	2,488
Notional rent for staff properties			15,000	15,000	13,800	13,800
Rates			2,832	2,832	4,882	4,882
Light, heat and power			6,677	6,677	7,673	7,673
Repairs and maintenance			35,102	35,102	29,107	29,107
Contractors			214,863	214,863	142,938	142,938
Irrecoverable VAT			89,550	89,550	52,419	52,419
Depreciation of plant and		machinery	2,851	2,851	3,212	3,212
Depreciation of motor vehicles			227	227
Telephone and fax			719	719	997	997
			465,997	465,997	323,450	323,450
Property administration
Wages and salaries			28,717	28,717	23,689	23,689
Employers NIC			1,397	1,397	924	924
Staff pensions			1,433	1,433	1,191	1,191
Life assurance			51	51	35	35
Rates			1,431	1,431	1,114	1,114
Light, heat and power			3,868	3,868	2,629	2,629
Cleaning			353	353	168	168
Insurance			21,941	21,941	17,598	17,598
Irrecoverable VAT			7,778	7,778	7,655	7,655
Depreciation offixtures	and fittings		237	237	310	310
Telephone			1,036	1,036	1,436	1,436
Website			120	120	120	120
Legal and professional	fees		21,581	21,581	30,912	30,912
Bad debts written off			(305)	(305)	(2,099)	(2,099)
			89,638	89,638	85,682	85,682
Total costs ofcharitable		activities	555,635	555,635	409,132	409,132

Net incoming	resou	rces	ofthe group b	efore gains and losses	is stated afte	r charging	/(crediting	):
				2023			2022
				Group	Trust	Group		Trust
				6		5
Investment	management		fees	12,460	12,460	12,348		12,348
7 Governance costs
				2023			2022
				Group	Trust	Group		Trust
					6	6
Audit ofthe	financial statements			10,675	3,675	9,125		3,725
Other fees paid to auditors				1,600	1,600	1,250		1,250
Legal and professional			fees	1,488	1,488
Trustees indemnity		insurance		2,595	2,595	1,693		1,693
Bookkeeping				1,866	1,866	1,749		1,749
Rates				309	309		384	384
Bank charges				93	93		32	32
Gifts				515	515		13	13
Trade subscriptions				35	35		35	35
Depreciation	on furniture
				19,176	12,176	14,281		8,881

8 Other r	esources	expended
			2023		2022
			Group	Trust	Group	Trust
			6	6		6
Grants payable			5,200	5,200
Goods purchased		for recharge	11,132	11,132	9,173	9,173
(Profit)/loss	on disposal tangible fixed
assets for	charity's	own use	(248,360)		(184,624)	(1,500)
Charitable	donations		69,748	69,748	8,343	8,343
Sundry expenses			3,654	3,654	3,974	3,974
			(158,626)	89,734	(163,134)	19,990

The average number of persons e by category was as follows:	mployed by the group (inc	luding director	s) during	the year,	analy	sed
	2023			2022
	Group	Tilts t	Group		TnJst
	No.	No.	No.		No.
Subsidiary	9			7
Property maintenance	3			2
Property administration	1			1
Cspitalised
	13			10
The payroll costs ofthese persons	were as follows:
	2023			2022
	Group	Trust	Group		TnJst
Trading costs ofsubsidiary	6	6	6		6
Wages and salaries	297,101		260,245
Social security costs	32,074		30,580
Other pension costs	21,722		21	165
	350,897		311,990
Property maintenance
Wages and salaries	78,871	78,871	56,499		56,499
Social security costs	6,091	6,091	4,299		4,299
Other pension costs	3,516	3,516	2,665		2,665
	88,478	88,478	63,463		63,463
Property administration
Wages and salaries	28,717	28,717	23,689		23,689
Social security costs	1,448	1,448		959		959
Other pension costs	1,433	1,433	1,191		1,191
	31,598	31,598	25,839		25,839
Staff costs capitalised
Wages and salaries
Social security costs
Other pension costs
Other costs

12 Intangible fixed assets
	Negative
	goodwill
Cost
At 1 May 2022 and 30 April 2023	(122,396)
Amortisation
At 1 May 2022 and 30 April 2023	(122,396)
Net book value
At 30 April 2023
At 30April 2022

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14 Investm	ents held	as	fix	ed	assets
						Quoted			Land and	Group
						shares	Other	Library	buildings	Total
Group								6	6	6
Cost
At 1 May 2022						1,282,118	59	85,000	41,386,355	42,753,532
Revaluations						(50,737)			3,385,907	3,335,170
Additions						335,143			306,216	641,359
Disposals						(194,886)				(194,886)
Transferred	(to)/from	fixed		assets
Movement	in cash held		on	investment		80401				80,401
At 30 April	2023					1,452,039	59	85,000	45,078,478	46,615,576
)i)et book value
At 30April	2023					1,452,039	59	85,000	45,078,478	46,615,576
At 30 April	2022					1,282, 'f18	59	85,000	41,386,355	42,753,532
Trust
As above										46,615,576
Investment	held by subsidiary				company					(59)
Investment	in subsidiary		company							43,048
Property improvements			by	subsidiary		company				101,470
Investment	property -	Guiting			Manor	Farms Ltd				13,700,000
										60,400 035

			Country	of			Proportion	ofvoting
Undertaking			incorporation		Holding		rights and	shares held	Principal	activity
							2023	2022
Subsidiary		undertakings
Guiting Limited	Manor Farms		England Wales	and	O d' rdinary	f1 I	I 00%%uo	I00%	that offarming
Guiting Limited	Manor Farms		England Wales	and	O rdinary	'A'	I00'%%d	I00yo	that offarming

15Inventories
	2023		2022
	Group	Trust	Group	Trust
			6	6
Inventories	648,065	3,811	498,765	2,495
16Debtors
	2023		2022
	Group	Trust	Group	Trust
	6	F	6
Trade debtors	335,072		208,237
Due from group undertakings				2,589
Other debtors	15,066	8,541	12,724	12,559
Other taxes
Prepayments	27,684	27,684	30,198	30,198
Accrued income	11,532	11,532	9,375	9,375
	389,354	47,757	260,534	54,721

17Creditor	s: amounts falling due within on	e year
		2023		2022
		Group	Trustf	Group f	Trust 6
Obligations	under hire purchase contract	192,433		140,009
Trade creditors		145,306	81,183	128,308	21,897
Other creditors		480		6,140	5,400
Social security and other taxes		46,962	16,211	14,758	3,865
Accruals		53,330	12,634	44,616	11,884
Rents paid	in advance deferred income	11,859	11,859	11,654	11,654
		450,370	121,887	345,485	54,700

18Creditors; amounts	falling d	ue after mor	e than on	e year
				2023		2022
			Group 6		Trust 6	Group	Trustf
Obligations under hire	purchase	contract	81,243			203,460
19Provisions for liabilities and		charges
						2023
						Group	Trust
						8
Deferred tax provision
At 1 May 2022						201,099
Deferred tax provision	charged	to the profit	and loss	account		161,175
At 30 April 2023						362,274

20 Total funds
				2023
				Group f	Tntst 6
Restricted funds
At 1 May 2022 and 30April		2023
Unrestricted funds
At 1 May 2023				59,578,758	57,527,954
Net incoming resources	before gains/(losses)			601,252	368,054
Realised gains/(losses)	on	sale ofquoted investments		4,035,171	4,035,171
Revaluation offixed assets				110,739	110,739
Revaluation of investments		held as fixed assets
At 30April 2023				64,325,920	62,041,918
The unrestricted funds	are	represented	by the total assets ofthe Trust
Analysis offunds
				2023	2022
Tangible fixed assets				16,637,253	15,432,660
Fixed asset investments				46,615,576	42,753,532
Current assets				1,966,978	2,142,610
Current liabilities				(450,370)	(345,485)
Creditors falling due outside one year				(81,243)	(203,460)
Provisions for liabilities				(362,274)	(201,099)
Total net assets				64,325,920	59,578,758