##
|Registered|charity number:|233603|
|---|---|---|
|Trustees:||Mrs J KScriven|
|||Mr SA Bish|
|||Mrs R M Wild|
|||Mr D Pickering|
|||Mr C H Webber|
|||Mr M E Grange|
|||Mr A N Lazenby|
|||Mrs S M Bamhurst|
|||Mr W Burgess|
|Principal Address:||Sacrewell
Farm &Country Centre|
|||Great North Road|
|||Thomhaugh|
|||Peterborough|
|||PE8 6HJ|
|Auditors:||Moore|
|||Chartered
Accountants|
|||Rutland
House|
|||Minerva
Business Park|
|||Lynch Wood|
|||Peterborough|
|||Cambridges
hire|
|||PE2 6PZ|
|Bankers:||Bardays Bank pic|
|||Benet Street|
|||Cambridge|
|||CB23PZ|
|Solicitors:||Greenwoods
LLP|
|||Monkstone
House|
|||City Road|
|||Peterborough|
|||PE1 1JE|
##
##
||||Page|
|---|---|---|---|
|Trustees'
Report|||I-v|
|Auditor's
Report|||1-3|
|Consolidated
Statement|of Financial|Activities||
|Consolidated
Balance Sheet||||
|Trust Balance Sheet||||
|Consolidated
Statement|ofCash Flows|||
|Notes to the Accounts|||8-28|
|Detailed Statement
of Financial Activities|||27|
|Detailed Resources Expended|||28|
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|||FOR THE Y|EAR ENDED 31 DECEM|EAR ENDED 31 DECEM|BER 2022|||
|---|---|---|---|---|---|---|---|
||||Unrestricted||Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Note|2022
f|2022
8|2022
E|2021
E|
|Income and endowments||from:||||||
|Donations
and legacies|||2|8415||8,415|100,226|
|Charitable
activities|||3|980,262||980,262|666,669|
|Investments|||4|167,672||167,672|189,101|
|Other|||5|31,633||31,633|45,397|
|Total Income and endowments||||1,187,982||1,187,982|1,001,393|
|Expenditure
on:||||||||
|Let estate||||87,971||87,971|69,566|
|Charitable
activities|||6|1,432,225|16,470|1,448,695|1,020,740|
|Exceptional
Items|||6||||65,968|
|Total expenditure||||1,520,196|16,470|1,536,666|1,156,274|
|Gains on listed investments|||14|(25,934)||(25,934)|31,909|
|Gains on revaluation|offixed assets||13||||2,808,620|
|Net income||||(358,148)|(16,470)|(374,618)|2,685,648|
|Transfers
between|funds|||(21,564)|(69,112)|(90,676)||
|Net movement
in funds||||(379,712)|(85,582)|(465,294)|2,685,628|
|Funds at 1 January|2022|||3,207,546|9,005,561|12,213,107|9,527,459|
|Funds at 31 December 2022|||19|2,827,834|8,919,979|11,747,813|12,213,107|
##
|||||GROUP BALANCE SHEET|GROUP BALANCE SHEET|||
|---|---|---|---|---|---|---|---|
|||||AT 31 DECEMBER 2022||||
|||||Note|2022||2021|
|Fixed assets||||||||
|Tangible assets||||13|11,447,685||12,073,837|
|Investments||||14|224,639||219,573|
||||||11,672,324||12,293,410|
|Current assets||||||||
|Stocks||||15|58,577|28,939||
|Debtors||||16|58,512|49,808||
|Cash at bank|and|in hand|||93,042|32,059||
||||||210,131|110,806||
|Creditors:||||||||
|Amounts
falling due within||||||||
|one year||||17|(132,024)|(111,109)||
|Net current assets|||||78,107||(303)|
|Total assets|less|current|liabilities||11,750,431||12,293,107|
|Creditors:||||||||
|Amounts
falling due after|||more|||||
|one year||||18|(2,618)||(80,000)|
|Net assets|||||11,747,813||12,213,107|
|Capital funds||||||||
|Restricted funds||||19|8,919,979||9,005,561|
|Unrestricted|funds|||19|2,827,834||3,207,546|
|Total funds|||||11,747,813||12,213,107|
##
##
##
||||TRUST BALANCE SHEET|TRUST BALANCE SHEET|||
|---|---|---|---|---|---|---|
||||AT 31 DECEMBER 2022||||
||||Note|2022||2021|
||||||E|6|
|Fixed assets|||||||
|Tangible assets|||13|11,439,641||12,061,427|
|Investments|||14|274,641||269,575|
|||||11,714,282||12,331,002|
|Current assets|||||||
|Stocks|||15|39,251|21,173||
|Debtors|||16|120,805|86,361||
|Cash at bank and|in hand|||63,486|11,817||
|||||233,542|119,351||
|Creditors|||||||
|Amounts
falling due within|||||||
|one year|||17|(96,656)|(87,882)||
|Net current assets||||126,886||31,469|
|Total assets less|current|liabilities||11,841,168||12,362,471|
|Creditors:|||||||
|Amounts
falling due after||more|||||
|one year|||18|(2,618)||(80,000)|
|Net assets||||11,838,550||12,282,471|
|Capital funds|||||||
|Restricted funds|||19|8,919,979||9,005,561|
|Unrestricted
funds|||19|2,918,571||3,276,910|
|Totalfunds||||11,838,550||12,282,471|
##
##
|GROUP STATEMENT OF CASH FLOWS|GROUP STATEMENT OF CASH FLOWS|GROUP STATEMENT OF CASH FLOWS|||
|---|---|---|---|---|
|FOR THE YEAR ENDED 31 DECENIBER 2022|||||
|||2022||2021|
|Cash flows from operating
activities|||||
|Net income for year||(374,618)||2,685,648|
|Adjustments
for:|||||
|Depreciation||78,856|135,582||
|(Profit) / loss on disposal oftangible fixed|assets||||
|Gain on listed Investments||25,934|(31,909)||
|Gain on property
revaluations|||(2,808,620)||
|Rents received from investment
properties|(159,183)||(182,666)||
|Interest received||(8,489)|(8,435)||
|(Increase)/Decrease
in stocks||(29,838)|3,056||
|(Increase)/Decrease
in debtors||(8,704)|12,774||
|Increase/(Decrease)
in creditors||21,713|(12,330)||
|||(79,511)||(2,890,548)|
|Net cash flow from operating
activities||(454,129)||(204,900)|
|Cash flows from investing
activities|||||
|Payments
to acquire tangible
fixed assets|(160,501)||(130,552)||
|Receipts from sale oftangible
fixed assets||817,123|280,000||
|Payments
to acquire investments|(121,000)||||
|Receipts from sale of investments||90,000|31,000||
|Rents received from investment
properties||159,183|182,666||
|Interest received||8,489|6,435||
|Net cash flow from investing
activities||593,294||369,849|
|Cash flows from investing
activities|||||
|Capital element of bank loans repaid||(78,182)|(297,000)||
|Net cash flow from investing
activities||(78,182)||(297,000)|
|Net Increase/(decrease)
in cash||60,983||(132,051)|
|Cash and cash equivalents
at beginning|ofyear|32,059||164,110|
|Cash and cash equivalents
at end ofyear||93,042||32,059|
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|over their useful
lives on the following|bases:|||
|---|---|---|---|
|Land|Held at fair value|||
|Buildings,
roads, and reservoir|Held at fair value|||
|Plant and machinery|25/o per annum|on cost||
|Fixtures and fittings|4-25/o per annum||on cost|
|Motor vehicles|25/o per annum||on cost|
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##
|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2022
E|2022
f|2022
E|2021
E|
|Gifts||||1,540||1,540|2,425|
|Grants||||6,875||6,875|97,801|
|Gift aid||||||||
|||||8,415||8,415|100,226|
|Income from charitable|||and other activities|||||
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
|||||2022|2022|2022|2021|
|||||E||E|E|
|Charitable|activities|||||||
|Admission|and visitor|activities||506,881||506,881|400,195|
|Education|activities|||58,628||58,628|40,958|
|||||565,509||565,509|441,153|
|Trading activities||||||||
|Camping||||55,499||55,499|66,322|
|Function sales||||205,984||205,984|81,207|
|Retail sales||||112,255||112,255|56,231|
|Catering commission||||41,015||41,015|21,666|
|||||414,753||414,753|225,516|
|Total from|charitable|and other activities||980,262||980,262|666,669|
##
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##
||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|funds|
||||||2022
f|2022|2022
E|2021
E|
||Rental Income||||159,183||159,183|182,666|
||Bank Interest|received|||8,489||8,489|6,435|
||||||167,672||167,672|189,101|
|5.|Other Income||||||||
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|funds|funds|
||||||2022|2022|2022|2021|
||||||E|E|E|E|
||Other miscellaneous||income||31,633||31,633|45,397|
||||||31,633||31,633|45,397|
|6.|Analysis of|expenditure||on charitable|activities||||
|||||||Grant|||
||||||Activities|funding|||
||||||undertaken|of|Support||
||||||directly|activities|costs|Total|
||||||E|E|E E||
||Visitor attraction||||1,089,154||359,541|1,448,695|
||Exceptional|items|||||||
||||||1,089,154||359,541|1,448,695|
##
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##
##
|Allocation|ofsupport costs|||||
|---|---|---|---|---|---|
|||Let
F|Visitor
E|Education
f|Total
E|
|Governance||2,84B|48,033||50,879|
|Operational|costs|780|205,017||205,797|
|Human
resources|||2,689||2,689|
|Depreciation|||78,855||78,855|
|Other|||24,947||24,947|
|||3,826|359,541||383,167|
##
|Governance|costs|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
|||2022|2022|2022|2021|
|||E|E|E|6|
|Wages and|salaries|28,564||28,564|27,839|
|Social security||4,701||4,701|4,226|
|Pensions||2,897||2,897|2,758|
|Audit fees||7,790||7,790|7,045|
|Accountancy|and payroll|4,657||4,657|4,899|
|Other||2,270||2,270|2,178|
|||50,879||50,879|48,945|
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||6|6|
|Auditors'|remunerations||—audit|7,790|7,045|
|Depreciation||ofowned|assets|135,582|135,862|
|Pensions||||7,443|7,089|
##
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##
##
##
|The averag|e
n|umber
of persons
employed
by the trust durin|g the year was as follows:||
|---|---|---|---|---|
||||2022|2021|
|Cost of let estate|||0|1|
|Charitable|activities||23|20|
|Governance|||1|1|
||||24|22|
|The aggregate||payroll costs were as follows:|||
||||2022|2021|
||||E||
|Wages and|salaries||654,960|449,367|
|Social Security||costs|35,568|27,685|
|Pension costs|||11,900|11,142|
||||702,428|488,194|
##
##
##
|Tangible fixed assets||||||
|---|---|---|---|---|---|
|The group||||||
|||Land|Plant|Fixtures||
||Investment|and|and|and||
||properties|buildings|machinery|fittings|Total|
||E|E|E||E|
|Cost or valuation:||||||
|At 1 January 2022|8,132,423|3,523,999|106,015|888,133|12,650,570|
|Additions|106,170|26,230|-|28,101|160,501|
|Disposals|(617,123)||||(617,123)|
|Transfers|(90,875)||||(90,675)|
|Revaluation||||||
|At 31 December 2022|7,530,795|3,550,229|106,015|916,234|12,103,273|
|Depreciation:||||||
|At 1 January 2022|||77,474|499,259|576,733|
|Charge for the year|||18,128|60,727|78,855|
|Eliminated
on revaluation||||||
|Transfers||||||
|At 31 December 2022|||95,602|559,986|655,588|
|Net book value:||||||
|At 31 December 2022|7,530,795|3,550,229|10,413|356,248|11,447,685|
|At 31 December 2021|8,132,423|3,523,999|28,541|388,874|12,073,837|
##
##
##
|Tangible fixed assets (con|tinued)|||||
|---|---|---|---|---|---|
|The trust||||||
|||Land|Plant|Fixtures||
||Investment|and|and|and||
||properties|buildings|machinery|ftttings|Total|
||E|E||||
|Cost:||||||
|At 1 January 2022|8,132,423|3,523,999|101,406|828,207|12,586,035|
|Additions|106,170|26,230||26,051|158,451|
|Disposals|(617,123)||||(617,123)|
|Transfers|(90,675)||||(90,675)|
|Revaluation||||||
|At 31 December 2022|7,530,795|3,550,229|101,406|854,258|12,036,688|
|Depreciation:||||||
|At 1 January 2022|||73,384|451,224|524,608|
|Charge for the year|||17,608|54,831|72,439|
|Eliminated
on revaluation||||||
|Transfers||||||
|At 31 December 2022|||90,992|506,055|597,047|
|Net book value:||||||
|At 31 December 2022|7,530,795|3,550,229|10,414|348,203|11,439,641|
|At 31 December 2021|8,132,423|3,523,999|28,022|376,983|12,061,427|
##
##
##
##
|The Group|||||
|---|---|---|---|---|
||||Listed||
||||Investments|Total|
||||E|6|
|Market value:|||||
|At 1 January 2022|||219,573|219,573|
|Additions|||121,000|121,000|
|Dlsposals|||(90,000)|(90,000)|
|Net realised
and unrealised|investment|gains|(25,934)|(25,934)|
|At 31 December 2022|||224,639|224,639|
|Net book value:|||||
|At 31 December 2022|||224,639|224,639|
|At 31 December 2021|||219,573|219,573|
##
##
##
##
|||||Listed||
|---|---|---|---|---|---|
||||Subsidiaries|Investments|Total|
||||E|E|E|
|Cost or market value:||||||
|At 1 January 2022|||50,002|219,573|269,575|
|Additions||||121,000|121,000|
|Disposals||||(90,000)|(90,000)|
|Net realised and unrealised|investment|gains||(25,934)|(25,934)|
|At 31 December 2022|||50,002|224,639|274,641|
|Net book value:||||||
|At 31 December 2022|||50,002|224,639|274,641|
|At 31 December 2021|||50,002|219,573|269,575|
||||||Aggregate|Loss for|
|---|---|---|---|---|---|---|
|||||Class and|capital|the year|
||||Country of|proportion|and reserves|year ended|
|Name|||registration|ofshares|as at 31/12/22|31/12/22|
|Sacrewell|Limited|England|and Wales|100'7G Ordinary|(833,111)|(620,091)|
##
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##
|Stocks|||||
|---|---|---|---|---|
||The|The|The|The|
||Group|Trust|Group|Trust|
||2022|2022|2021|2021|
||E|E|E|E|
|Goods for resale|21,053|1,727|8,020|254|
|Consumables|4,659|4,659|3,364|3,364|
|Livestock|32,865|32,865|17,555|17,555|
||58,577|39,251|28,939|21,173|
##
|Debtors||||||
|---|---|---|---|---|---|
|||The|The|The|The|
|||Group|'Trust|Group|Trust|
|||2022
E|2022|2021
f|2021
E|
|Trade debtors||21,999|19,892|17,642|15,581|
|Amount due from group undertakings|||92,476||55,431|
|Other debtors||18,929|4,304|15,075|449|
|Prepayments|and accrued income|17,584|4,133|10,873|8,682|
|Taxation and|social security|||6,218|6,218|
|||58,512|120,805|49,808|86,361|
##
|Creditors|-amounts
f|alling due within on|e year||||
|---|---|---|---|---|---|---|
||||The|The|The|The|
||||Group|Trust|Group|Trust|
||||2022|2022|2021|2021|
||||||E|E|
|Trade creditors|||26,403|22,255|24,225|22,508|
|Amounts|owed to group undertakings||||||
|Other creditors|||2,863|2,353|2,977|2,163|
|Other taxes and social||security|19,181|5,435|20,374|9,449|
|Accruals|and deferred|income|64,377|44,412|43,533|33,762|
|Loans|||19,200|19,200|20,000|20,000|
||||132,024|96,656|111,109|87,882|
##
##
##
|Creditors
-amounts
falling|after more than one year||||
|---|---|---|---|---|
||The|The|The|The|
||Group|Trust|Group|Trust|
||2022|2022|2021|2021|
||E|E|E|F|
|Loans|2,618|2,B18|80,000|80,000|
||2,618|2,618|80,000|80,000|
##
##
|Restricted|funds|||||||
|---|---|---|---|---|---|---|---|
|||Balance|||||Balance|
|||at|Incoming|Resources|Gains/||at|
|||01/01/22|resources|expended|losses|Transfers|31/12/22|
|||E|E|E||E|E|
|Education|fund|11,171||(16,470)||21,564|16,2B5|
|Revaluation|fund|8,994,390||||(90,676)|8,903,714|
|||9,005,561||(16,470)||(69,112)|8,919,979|
|||Balance|||||Balance|
|---|---|---|---|---|---|---|---|
|||at|Incoming|Resources|Gains/||at|
|||01/01/22|resources|expended|losses|Transfers|31/12/22|
|||E|E|E||E|K|
|General|fund|3,207,546|1,184,306|(1,51B,520)|(25,934)|(21,564)|3,207,546|
|||3,207,546|1,184,306|(1,516,520)|(25,934)|(21,564)|3,207,546|
##
##
|||||Balance|||||Balance|
|---|---|---|---|---|---|---|---|---|---|
|||||at|Incoming|Resources|Gains/||at|
|||||01/01/21|resources|expended|losses|Transfers|31/12/21|
||||||E|E|E|E|6|
|Education||fund||11,171||(16,470)||21,564|16,265|
|Revaluation|||fund|8,994,390||||(90,676)|8,903,714|
|||||9,005,561||(18,630)|2,808,620|(107,046)|8,919,979|
|Unrestricted|||funds|||||||
|||||Balance|||||Balance|
|||||at|Incoming|Resources|Gains/||at|
|||||01/01/21|resources|expended|losses|Transfers|31/12/21|
|||||E||E|E|E|E|
|General|fund|||3,276,910|772,229|(1,083,070)|(25,934)|(21,564)|2,918,571|
|||||3,276,910|772,229|(1,083,070)|(25,934)|(21,564)|2,918,571|
##
##
||||||Net||
|---|---|---|---|---|---|---|
||||Fixed||current||
||||assets|Investments|assets|Total|
||||E||K||
|Restricted|funds||||||
|Education|fund||16,265|||16,265|
|Revaluation||fund|8,903,714|||8,903,714|
|Unrestricted||funds|||||
|General
fund|||2,527,706|224,639|78,107|2,830,452|
||||11,447,685|224,639|78,107|11,750,431|
|The Trust|||||||
||||||Net||
||||Fixed||current||
||||assets|Investments|assets|Total|
||||E|F|E|F|
|Restricted|funds||||||
|Education|fund||16,265|||16,265|
|Revaluation||fund|8,903,714|||8,903,714|
|Unrestricted||funds|||||
|General
fund|||2,519,662|274,641|126,886|2,921,189|
||||11,439,641|274,641|126,886|11,841,168|
##
##
##
##
##
|'The Group|||
|---|---|---|
||2022|2021|
||E|K|
|Within one year|7,670|5,771|
|Between two and five years|15,565|8,623|
||23,235|14,394|
|The Trust|||
||2022|2021|
||E|E|
|Within one year|7,670|4,927|
|Between two and five years|15,565|8,623|
||23,235|13,550|
##
##
|The Group and Trust|||
|---|---|---|
||2022|2021|
||E|E|
|Within one year|119,865|119,256|
|Between two and five years|374,874|389,875|
|More than five years|709,741|807,147|
||1,204,480|1,316,278|
##
##
##
##
|1|January|Cash|flows|31|December|
|---|---|---|---|---|---|
||2022||||2022|
||32,059||60,983||93,042|
##
##
||FOR|THE YEAR|ENDED 31 DECEMBER 2022|||
|---|---|---|---|---|---|
||||2022||2021|
|||||E|E|
|INCOME AND ENDOWMENTS||FROM:||||
|Donations
and legacies||||||
|Gifts|||1,540|2,425||
|Grants|||6,875|97,801||
|Gift aid||||||
|Donations||||||
||||8,415||100,226|
|Charitable
activities||||||
|Admission
and visitor|activities||506,881|400,195||
|Education
activities|||58,628|40,958||
||||565,509||441,153|
|Investments||||||
|Rental income|||159,183|182,666||
|Bank interest received|||8,489|6,435||
||||167,672||189,101|
|Other income||||||
|Profit on sale offixed|asset|||||
|Other miscellaneous|income||30,633|18,705||
||||30,633||18,705|
|Total income and endowments|||772,229||749,185|
|EXPENDITURE ON:||||||
|Property
management|costs||(87,971)|(69,566)||
|Charitable
activities|||(1,011,570)|(827,601)||
|Total expenditure|||(1,099,541)||(897,167)|
|Gains/losses
on investments|||(25,934)||2,840,529|
|Net movement
in funds before||transfers|(353,246)||2,692,547|
##
##
||||2022|2021|
|---|---|---|---|---|
|||||E|
|Property
management|costs||||
|Wages and salaries|||14,054|13,637|
|Social security|||2,313|2,070|
|Pensions|||1,426|1,351|
|Rates and water|||781|4,564|
|Professional fees|||37,871|20,653|
|Property
repair and maintenance|||9,110|10,422|
|Insurance|||22,416|1B,869|
|Governance|||||
||||87,971||
|Charitable
activities|||||
|Grant raising activities|||||
|Wages and salaries|||383,820|287,570|
|Social security|||14,172|12,881|
|Pensions|||3,166|3,845|
|Rates and water|||12,706|9,370|
|Light and heat|||100,251|37,025|
|Telephone
and IT support|||13,026|12,290|
|Stationery
and postage|||1,528|611|
|Advertising
costs|||23,553|12,385|
|Bank and credit card charges|||3,543|1,246|
|Mortgage
interest||||12,000|
|Professional fees|||3,770|5,033|
|Refuse collection, cleaning||and hygiene|69,713|35,323|
|Livestock suppliers|||19,727|30,827|
|Activity Costs|||86,636|30,952|
|Experience costs|||15,876|12,203|
|Property repairs|||38,923|32,248|
|Machinery
repairs and|maintenance||24,466|16,681|
|Vehicle costs||||490|
|Travel|||1,179|3,910|
|HR and health and safety||costs|9,421|5,567|
|Training|||2,689|7,479|
|Recruitment||||70|
|Sundry expenses|||578||
|Subscriptions|||3,452|2,334|
|Insurance|||22,416|18,869|
|Meeting expenses|||3,104|780|
|Depreciation|||72,440|127,872|
|Bad debts|||||
|Loss on disposal|||||
|Irrecoverable
VAT|||37,307|21,530|
|Governance|||44,108|42,442|
|Exceptional
items||||65,968|
||||1,011,570||
|Total expenditure|||1,099,541||