| CONTENTS | Page |
| TRUSTEE'S ANNUAL REPORT | 1-6 |
| INDEPENDENT EXAMINERS REPORT |
|
| STATEMENT OF FINANCIAL ACTIVITIES | |
| BALANCE SHEET | |
| NOTES TO THE FINANCIAL STATEMENTS | 10-16 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| Total | Total | |||
| Note | 2021 | 2020 | ||
| INCOME | ||||
| Activities for generating | funds - investment | 100,758 | 349,165 | |
| Activities for charitable | objectives- rental | 38,027 | 40,763 | |
| Donation income |
2,938 | 3,238 | ||
| Wayleaves | 300 | |||
| Investment income |
239 | 231 | ||
| TOTAL INCOME | 141,962 | 393,697 | ||
| EXPENDITURE | ||||
| Total expenditure from all activities |
81,844 | 506,537 | ||
| NET INCOME/(EXPENDITURE) BEFORE |
||||
| GAINS AND LOSSES ON | INVESTMENTS | 60,118 | (112,840) | |
| TOTAL FUNDS BROUGHT FORWARD | 45,858 | 158,698 | ||
| TOTAL FUNDS CARRIED | FORWARD | 8 105,976 | 645,858 |
| THE BUCHANAN T |
RUST | |||
|---|---|---|---|---|
| BALANCE SHEET | ||||
| 31 March 2021 | ||||
| FIXEDASSETS | Note | 2021 6 |
2020f | |
| Intangible fixed assets (unrestricted) |
22,874 | |||
| Tangible fixed assets | (unrestricted) | 35,455 | 39,075 | |
| Investment property |
(restricted) | 350,771 | 350,771 | |
| Tangible fixed assets | (restricted) | 952,953 | 562,659 | |
| 1,339,179 | 975,379 | |||
| CURRENT ASSETS | ||||
| CAF Gold account | 225,930 | 494,715 | ||
| CAF Current account | 107 | 6,119 | ||
| Knight Frank Barclays account | 60,862 | 72,691 | ||
| Debtors | 6 | 42,219 | 10,390 | |
| 329,118 | 583,915 | |||
| CREDITORS - due within one year | 9 | (128,245) | (79,360) | |
| NET CURRENT ASSETS | 200,873 | 504,555 | ||
| TOTAL ASSETS LESS | ||||
| CURRENT LIABILITIES | f 1,540,052 | 6 1,479,934 | ||
| FUNDS | ||||
| Restricted funds |
10 | 1,434,076 | 1,434,076 | |
| Unrestricted funds |
10 | 105,976 | 45,858 | |
| 61,540,052 | 61,479,934 |
| 2020/21 | 2020/21 | 2020/21 | 2019/20 | ||
|---|---|---|---|---|---|
| Charitable | Generating | ||||
| objectives | funds | Total | Total | ||
| expenses | expensesf | expenses E |
expenses 8 |
||
| Direct Charitable | |||||
| Expenditure | |||||
| Farming expenditure |
(note 4) | 305,561 | |||
| Wages and salaries | 9,830 | 9,830 | 49,848 | ||
| Contracting | 3,978 | 3,978 | 23,729 | ||
| Council tax | 984 | 523 | 1,507 | 3,789 | |
| Light and heat | 956 | 346 | 1,302 | 1,527 | |
| Repairs and maintenance | 21,850 | 7,195 | 29,045 | 60,504 | |
| Water charges | 2,480 | ||||
| Telephone | 501 | 501 | 1,079 | ||
| Motor and tractor expenses Other fees |
429 | 48 | 477 | 11,156 417 |
|
| Website and office costs | 1,967 | 219 | 2,186 | 2,227 | |
| Bank charges | 58 | 6 | 64 | 60 | |
| insurance | 3,989 | 443 | 4,432 | 6,514 | |
| Accountancy | 3,483 | 387 | 3,870 | 2,692 | |
| Governance Legal fees |
1,895 1,710 |
211 9,662 |
2,106 11,372 |
5,297 27,420 |
|
| Licences and subscriptions | 749 | 83 | 832 | 665 | |
| Bad debts | 1,509 | 1,509 | |||
| Depreciation | 3,257 | 362 | 3,619 | 4,014 | |
| (Proffit)/loss on disposal offixed asset (Profit)/loss on disposal of intangible |
asset | (480) 5,694 |
(480) 5,694 |
(2,442) | |
| 51,658 | 30,186 | 81,844 | 506,537 |
| Farming income |
2021 | 2020 | |
|---|---|---|---|
| E | |||
| Cattle sales | 276,361 | ||
| Wool | 273 | ||
| Hay and straw | 5,500 | 1,043 | |
| Grasskeep | 3,958 | ||
| Countryside stewardship |
scheme | 7,147 | 10,123 |
| Basic payment scheme |
341 | 26,648 | |
| 12,988 | 318,406 | ||
| Farming expenditure | 2021f | 2020 | |
| Opening stock |
213,744 | ||
| Cattle purchases | 48,040 | ||
| Commissions payable |
6,739 | ||
| Feed | 17,933 | ||
| Fertiliser and spray | 7,327 | ||
| Veterinary and medicines |
5,649 | ||
| Haulage | 3,678 | ||
| Arable crop sundries | 1,364 | ||
| Livestock sundries | 1,087 | ||
| 305,561 | |||
| Gross profit/(loss) | 12,988 | 12,845 |
| Entitlements | |
|---|---|
| Cost | 8 |
| As at 1 April 2020 | 22,874 |
| Disposals | (22,874) |
| As at 31 March 2021 | |
| Net book value | |
| As at 31 March 2021 | |
| As at 31 March 2020 | 22,874 |
| 6 Fixed Assets —Capital Unrestricted |
Fund | ||
|---|---|---|---|
| Office | Plant and | Total | |
| equipment | machinery | ||
| 6 | |||
| Cost | |||
| As at 1 April 2020 | 1,462 | 49,603 | 51,065 |
| Additions | |||
| Disposals | |||
| As at 31 March 2021 | 1,462 | 49,603 | 51,065 |
| Depreciation | |||
| As at 1 April 2020 | 653 | 11,337 | 11,990 |
| Charge | 162 | 3,458 | 3,620 |
| Eliminated on disposal |
|||
| As at 31 March 2021 | 815 | 14,795 | 15,610 |
| Net book value | |||
| As at 31 March 2021 | 647 | 34,808 | 35,455 |
| As at 31 March 2020 | 809 | 38,266 | 39,075 |
| 8 | Debtors - due within one year | 2021 | 2020 | |
|---|---|---|---|---|
| (Unrestricted) | ||||
| Debtors | 3,679 | 10,090 | ||
| The Buchanan Trustee Company | Ltd | 540 | ||
| Prepayments | 300 | |||
| Accrued income | 38,000 | |||
| F42,219 | 610,390 | |||
| 9 | Creditors -due within one year |
2021 | 2020 | |
| (Unrestricted) | ||||
| Creditors | 71,551 | 39,790 | ||
| Accruals | 2,000 | 2,000 | ||
| Deferred income | 37,909 | 36,909 | ||
| VAT | 16,785 | 661 | ||
| 6128,245 | 679,360 |
| Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| 2021 | 2021 | 2021 | 2020 | ||
| 6 | |||||
| Opening | Balance | 1 434,076 | 45,858 | 1,479,934 | 1,592,774 |
| Gains on | Disposal of Fixed Assets | ||||
| Unrealised Gains/ Losses on Fixed |
Asset | ||||
| Revaluation | |||||
| Transfer | re Capital Works | ||||
| Surplus/ | (Deficit) for Year | 60,118 | 60,118 | (112,840) | |
| Fund Balance Carried Forward | 1,434,076 | 105,976 | 1,540,052 | 1,479,934 |