2021-09-30-accounts - The Box Moor Trust

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			Notes	Unrestricted	Restricted	Endowment	Total	Total
				Funds	Funds	Funds	2021	2020
				E	E	E	E	f
Income from:
Investments				629,897			629,897	838,275
Charitable activities:
Land management			2b	66,398			66,398	56,481
Education/Environment				6,678			6,678	7,223
Leisure 8 welfare				19,810			19,810	13,134
Other income			2G	13,137			13137	26,768
Total income				735,920			735,920	941,881
Expenditure on
Raising Funds:
Investment management		costs		243,074			243,074	229,962
Charitable activities:
Land management				404,454			404,454	427,752
Education/Environment				88,578	272		88,850	144,460
Leisure 5welfare				109,358			109,358	146,460
Total expenditure				845,464	272		845,736	948,634
Net expenditure before			16	(109,544)	(272)		(109,816)	(6,653)
revaluations
Net gain/(loss) on revaluation		of		493,500			493,500	(187,500)
investments
Net gain on revaluation	offixed			187,236		75,000	262,236
assets
Net movement offunds	in the			571,192	(272)	75,000	645,920	(194,253)
year
Reconciliation offunds
Total funds bfwd as at				18,001,769	12,530	995,441	19,009,740	19,203,993
01/10/2020
Total funds cfwd as at				18,572,961	12,258	1,070,441	19,655,660	19,009,740
30/09/2021

BA	LAN	CE SH	EE I	AS AT 30	SEPTEM	BER 2021
				2021f		2020 E
Fixed Assets
Heritage Assets			Sa	270,000		255,000
Tangible Assets			5b	3,932,525		3,772,055
Investments			6	14,433,500		13,940,000
					18,636,025		17,967,055
Current assets
Stocks				79,716		53,333
Debtors due	within one year			48,561		54,322
Debtors due	after	one year		49,009		47,484
Cash at bank	and in hand			979,672		1,082,905
				1,156,958		1,238,044
Creditors: Amounts	falling due
within one year			9	(135,092)		(192,359)
Net Current Assets					1,021,866		1,045,6&5
Creditors: Amounts	falling due
after one year			10		(2,230)		(3,000)
Net Assets					19,655,661		19,009,740
The funds ofthe Charity
Endowment Funds			12		1,070,441		995,441
Restricted funds			13		12,258		12,530
Unrestricted designated		funds	14		18,572,962		18,001,769
Total Charity funds
Charity no 206142					19,655,661		19,009,740

					2021	2020
Reconciliation ofnet income/ (expenditure)	to net cash flow from
operating activities
Net income/ (expenditure) for the year					645,920	(194,253)
Adjustments for:
(Gains)/losses on investments					(490,000)	187,500
Gains on fixed assets					(265,736)
Dividends, interest and rents from investments					(629,897)	(838,275)
Depreciation					106,222	114,030
(Increase) in stocks					(26,383)	(1,460)
Decrease/ (increase) in debtors					4,236	(12,985)
(Decrease)/ increase in creditors					(51,404)	115,501
Gain on disposal offixed assets					(3,333)	(100)
Net cash used in operating activities					(710„375)	(630,042)
CASH FLOWS FROM INVESTING ACTIVITIES
Dividends, interest and rents from investments					629,897	838,275
Purchase ofproperty, plant and equipment					(19,456)	(70,356)
Proceeds from sales offixed assets					3,334	100
Net cash provided by investing activities					613,775	768,019
CASH FLOWS FROM FINANCING ACTIVITIES
Repayments ofobligations under finance leases					(6,633)	(6,709)
Net cash used in financing activities					(6,633)	(6,709)
Increase/(decrease) in cash and cash equivalents		in the reporting		period	(103,233)	131,268
Cash and cash equivalents at the beginning	ofthe	year			1,082,905	951,637
Cash and cash equivalents at the end ofthe	year				979,672	1,082,905
Analysis ofchanges in net debt 1October		2020 f	Cash flows f		30September 2021 E
Cash at bank in hand	1,082,905		(103,233)			979,672

INVESTMENT INCOME	INVESTMENT INCOME				2021	2020
					f	f
Commercial	rent				303,030	480,970
Rents from	residential	properties		and moorings	324,474	323,335
Rent from	letting rooms		in Trust	Centre	1,905	29,559
Bank deposit interest					488	4,411
					629,897	838,275
LAND MANAGEMENT		INCOME			2021	2020
						E
Agricultural	grants				50,890	54,893
Other land	management		income		15,508	1,588
					66,398	56,481

OTHER INCOME	2021	2020
Grants received under UK Government's
Coronavirus Job Retention Scheme	9,804	26,668
Gain on disposal offixed assets	3333	100
	13,137	26,768

	Direct	Support	Grant Funding	Total
	costs	costs	ofactivities	2021
				f
Land management	257,237	147,216		404,453
Education/Environment	13,514	75,336		88,850
Leisure &welfare	27,697	81,817	(156)	109,358
	298,448	304,369	(156)	602,661
	Direct	Support	Grant Funding	Total
	costs	costs	ofactivities	2020
	f	E		E
Land management	286,598	141,154		427,752
Education/Environment	79,250	65,210		144,460
Leisure &welfare	33,627	53,522	59,311	146,460
	399,475	259,886	59,311	718,672

				Cost,sof
			Charitable	generating	Total
Support costs			activities E	funds f	2021 f
Wages and salaries (including
social security	and pensions)		74,901	36,252	111,153
Insurance			23,039	7,680	30,719
Printing, postage and		sundries	18,889	6,297	25,186
Maintenance	ofTrust	Centre	15,383	17,435	32,818
Audit fees and	Valuations		18,019	6,006	24,025
Health and Safety			5,954	1,985	7,939
Depreciation			88,047	16,576	104,623
Irrecoverable	VAT		27,344	9,115	36,459
Legal and professional		fees	32,793	10,931	43,724
			304,369	112,277	416,646
				Costs of
			Charitable	generating	Total
Support cost			activities	funds	2020
			E		E
Wages and salaries (including
social security	and pensions)		62,190	40,770	102,960
Insurance			19,083	6,361	25,444
Printing, postage and		sundries	26,834	8,948	35,782
Maintenance	ofTrust	Centre	13,343	15,124	28,467
Audit fees and Valuations			12,632	4,211	16,843
Health and Safety			6,881	2,295	9,176
Depreciation			94,546	16,485	111,031
Irrecoverable	VAT		17,808	6,527	24,335
Legal and professional		fees	6,569	2,189	8,758
			259,886	102,910	362,796

b. TANGIBLE FIXEDASSET	S
	Estate	Estate	Fix/Fitt	Trust
	Land &	Maintenance	&Office	Centre
	Buildings	Equip & Plant	Equipment	Building	Total
		E		f	E
Cost Valuation
As at 1October 2020	2,466,297	485,878	47,043	1,227,626	4,226,844
Additions		19,456			19,456
Disposals		(42,658)			(42,658)
Revaluation	151,821			95,415	247,236
As at 30September 2021	2,618,118	462,676	47,043	1,323,041	4,450,878
~De recierioe
As at 1October 2020	60,754	308,828	36,718	48,489	454,789
Charge for the year	32,902	45,858	2,910	24,552	106,222
Eliminated on disposals		(42,658)			(42,658)
As at 30September 2021	93,656	312,028	39,628	73,041	518,353
NBV30September 2021	2,524,462	150,648	7,415	1,250,000	3,932,525
NBV 30September 2020	2,405,543	177,050	10,325	1,179,137	3,772,055

TMENTS
	2021	2020
	f	f
As at 1October	13,940,000	14,127,500
Revaluations —properties	493,500	(187,500)
As at 30September	14,433,500	13,940,000

orthe site's redevelopment for alternative c KS	ommercial or residential purposes.
	2021	2020
	f	f
Livestock Herd	68,400	45,650
Stock of materials	11,316	7,683
	79,716	53,333

DEBTORS
		2021	2020
		f	f
Other debtors due within one year		12,643	23,182
Accrued income		3,632	3,600
Prepayments		32,286	27,540
Current debtors		48,561	54,322
Other debtors due within more than one
year		49,009	47,484
.CREDITORS: Amounts	falling due within one year
		2021	2020
			f
Obligations under finance leases			6,633
VAT		5,137	25,769
Grants payable		2,500	31,000
Deferred capital grant	(note 11)	1,740	1,500
Other creditors		85,229	51,599
Accruals and deferred	income	40,486	75,858
		135,092	192,359
0.CREDITORS: Amounts	falling due after more than one year
		2021	2020
			f
Deferred capital grant (note 11)		2,230	3,000
1.DEFERRED CAPITAL GRANT
		f
As at 1October		4,500
Grant received in year		1,070
Released to income in respect ofdepreciation:
Relating to current year		(1,600)
As at 30September		3,970
Ofwhich;
Due to be released in one year (note 9)		1,740
Due to be released after one year (note 10)		2,230

			Balance	Income	Expenditure	Balance
			01/10/2020			30/09/2021
Permanent	Endowment	Fund	995,441	75,000		1,070,441

13. RESTRICTED	FU	NDS
					Balance	Income	Expenditure	Balance
					01/10/2020			30/09/2021
					E			E
River Bulbourne	restoration		fund		12,045			12,045
Box Moor Rangers		Fund			272		(272)
Kingfisher Bank					213			213
					12,530		(272)	12,258
14.UNRESTRICTED		DESIGNATED		FUNDS
				Balance	Transfers	Utilised/ Released	Revaluation gains/ losses	Balance
			01/10/2020					30/09/2021
				E			E	f
Land and Buildings Fund:			17,149,815				680,737	17,830,552
Working Capital	Fund:
Income Support				678,086	(101,010)			577,076
General				84,103	101,010	(109,544)		75,569
Trust Centre Repairs		Major		89,765				89,765
			18,001,769			(109,544)	680,737	18,572,962

5.AN	ALYS	IS	OF NE	T AS	SETS B	ETW	EEN FUNDS
									Net
						Fixed Assets incl		Investment	current
						Heritage Assets		s	assets	Cash	Total
									less cash
							E			E	E
Permanent		Endowment			Fund		1,045,000			25,441	1,070,441
Restricted		Funds								12,258	12,258
Unrestricted			Funds
Land	and Buildings			Fund			3,157,525	14,433,500		239,527	17,830,552
Working Capital Fund									39,963	612,682	652,645
Trust Fund	Centre		Major		Repairs					89,765	89,765
							4,202,525	14,433,500	39,963	979,673	19,655,661

	2021	2020
	f	E
Auditor's remuneration
Audit services	17,500	14,500
Other services		2,128
Depreciation	106,222	114,030
7. EMPLOYEE INFORMATION
	2021	2020
	E	E
Wages and Salaries	250,027	285,221
Social security costs	20,536	22,244
Other Pension Costs	14,203	18,382
	284,766	325,847

The average	number ofemployees, analysed by function	was
		2021	2020
		No	No
Estate maintenance		6	6
Administration		4	4
Environment	and Awareness	1
Education
			14

Mini	mum lease payments under non-cancellable leas	es due:
		2021	2020
AS	LESSOR	f	f
	Less than 1year	573,176	220,540
	2-5years	1,634,160	32,900
		2021	2020
AS	LESSEE	f	f
	Less than 1year	794	794
	2-5years	1,587	2,381