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2022-12-31-accounts
|
Pages |
| Officers and professional advisers |
1 |
| Trustees’annual report |
2-13 |
| Independent auditor's report |
14 - 16 |
| Group statement of financial activities |
17 |
| Group balance sheet |
18 |
| Charity balance sheet |
19 |
| Statement of cash flows and |
|
| consolidated statement of cash flows |
20 |
| Notes to the financial statements |
21-44 |
| Trustees |
Peter Griffiths |
(retired 1 June 2023) |
|
Margaret Attwood |
(retired 9 March 2022) |
|
Robert Cowlin |
|
|
William Conner |
(retired 10 October 2022) |
|
Jan E Smith |
|
|
Benjamin Woodgate |
|
|
Geoffrey Dunn |
(retired 12 August 2022) |
|
Ian Hodge |
|
|
David Whipps |
|
|
Meriel Barclay |
(appointed 23 August 2022) |
| Executive Director |
Kath Cockshaw |
(position made redundant in |
|
|
February 2022) |
| Chief Executive |
David Finkle |
(appointed June 2022) |
| Registered Office |
Markshall Estate |
|
|
Markshall |
|
|
Coggeshall |
|
|
C061TG |
|
| Registered Number |
Charity 256700 |
|
| Auditors |
SB Audit LLP |
|
|
Chartered Accountants and |
|
|
Statutory Auditor |
|
|
820 The Crescent |
|
|
Colchester Business Park |
|
|
Colchester |
|
|
C049YQ |
|
| Bankers |
Barclays Bank pic |
|
|
9 High Street |
|
|
Colchester |
|
|
Essex |
|
|
C011DD |
|
| Solicitors |
Holmes and Hills LLP |
|
|
Booking End |
|
|
Braintree |
|
|
Essex |
|
|
CM7 9AJ |
|
|
|
**Unrestricted ** |
**Restricted ** |
Endowment Total |
Endowment Total |
Total |
|
Notes |
Funds |
Funds |
Funds |
Funds |
Funds |
|
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
£ |
£ |
£ |
| Income |
|
|
|
|
|
|
| Donations and legacies |
2 |
89,043 |
|
|
89,043 |
21,049 |
| Income from charitable |
|
|
|
|
|
|
| activities: |
|
|
|
|
|
|
| Grants receivable |
3 |
27,317 |
|
|
27,317 |
101,147 |
| Other income from |
|
|
|
|
|
|
| charitable activities |
4 |
282,453 |
|
|
282,453 |
243,850 |
| Income from other |
|
|
|
|
|
|
| trading activities |
5 |
1,247,461 |
|
|
1,247,461 |
920,615 |
| Investment income |
6 |
54,986 |
|
|
54,986 |
36,738 |
| Total income |
|
1,701,260 |
- |
- |
1,701,260 |
1,323,399 |
| Expenditure on raising |
|
|
|
|
|
|
| funds |
7 |
1,340,752 |
|
|
1,340,752 |
1,184,719 |
| Charitable activities |
8 |
909,361 |
420 |
- |
909,781 |
562,794 |
| Total expenditure |
|
2,250,113 |
420 |
- |
2,250,533 |
1,747,513 |
| Realised and unrealised |
|
|
|
|
|
|
| investment (losses)/gains |
|
(192,395) |
- |
(350,000) |
(542,395) |
172,938 |
| Gain on disposal ofland |
|
- |
- |
- |
- |
1,405,216 |
| Net (expenditure)/income |
|
(741,248) |
(420) |
(350,000) |
(1,091,668) |
1,154,040 |
| Transfer between funds |
24 |
(4,401) |
- |
4,401 |
. |
- |
| Net movement in funds |
|
|
|
|
|
|
| carried forward |
|
(745,649) |
(420) |
(345,599) |
(1,091,668) |
1,154,040 |
| Balances brought forward |
|
|
|
|
|
|
| at 1 January 2022 |
|
£2,498,755 |
£14,753 |
£3,275,973 |
£5,789,481 |
£4,635,441 |
| Balances carried forward |
|
|
|
|
|
|
| at 31 December 2022 |
|
£1,753,106 |
£14,333 |
£2,930,374 |
£4,697,813 |
£5,789,481 |
|
Notes |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
| Fixed assets |
|
|
|
| Tangible assets |
12 |
3,300,862 |
3,333,038 |
| Investments |
13 |
2,341,008 |
3,131,732 |
|
|
5,641,870 |
6,464,770 |
| Current assets |
|
|
|
| Stocks |
14 |
20,832 |
23,173 |
| Debtors |
15 |
438,038 |
474,098 |
| Cash at bank and in hand |
|
248,945 |
342,529 |
|
|
707,815 |
839,800 |
| Creditors: amounts falling due |
|
|
|
| within one year |
16 |
669,639 |
427,267 |
| Net current assets |
|
38,176 |
412,533 |
| Total assets less current liabilities |
|
5,680,046 |
6,877,303 |
| Creditors: amounts falling due |
|
|
|
| after more than one year |
17 |
982,233 |
1,087,822 |
| Net assets |
|
£4,697,813 |
£5,789,481 |
| Funds |
|
|
|
| Capital funds |
|
|
|
| Endowments |
19 |
2,930,374 |
3,275,973 |
| Income funds |
|
|
|
| Restricted funds |
20 |
14,333 |
14,753 |
| Unrestricted funds : |
|
|
|
| General charitable funds |
21 |
1,753,106 |
2,498,755 |
|
|
£4,697,813 |
£5,789,481 |
|
Notes |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
| Fixed assets |
|
|
|
| Tangible assets |
12 |
3,279,421 |
3,315,635 |
| Investments |
13 |
2,341,015 |
3,131,739 |
|
|
5,620,436 |
6,447,374 |
| Current assets |
|
|
|
| Stocks |
14 |
|
|
| Debtors |
15 |
240,150 |
149,200 |
| Cash at bank and in hand |
|
221,994 |
213,932 |
|
|
462,144 |
363,132 |
| Creditors: amounts falling due |
|
|
|
| within one year |
16 |
352,603 |
211,631 |
| Net current assets |
|
109,541 |
151,501 |
| Total assets less current liabilities |
|
5,729,977 |
6,598,875 |
| Creditors: amounts falling due |
|
|
|
| after more than one year |
17 |
954,283 |
829,514 |
| Net assets |
|
£4,775,694 |
£5,769,361 |
| Funds |
|
|
|
| Capital funds |
|
|
|
| Endowments |
19 |
2,930,374 |
3,275,973 |
| Income funds |
|
|
|
| Restricted funds |
20 |
14,333 |
14,753 |
| Unrestricted funds : |
|
|
|
| General charitable funds |
21 |
1,830,987 |
2,478,635 |
|
|
£4,775,694 |
£5,769,361 |
|
Group |
Group |
Charity |
Charity |
|
2022 |
2021 |
2022 |
2021 |
|
£ |
£ |
£ |
£ |
| Cash flows from operating activities |
|
|
|
|
| Net movements in funds |
(1,091,668) |
1,154,040 |
(993,667) |
1,072,368 |
| Depreciation of tangible assets |
140,801 |
148,697 |
137,203 |
141,964 |
| (Gain) on disposal of tangible assets |
- |
(1,405,216) |
- |
(1,405,216) |
| Unrealised investment loss/(gain) |
542,395 |
(172,938) |
542,395 |
(172,938) |
| Interest paid |
60,333 |
32,433 |
31,796 |
25,757 |
| Interest received |
(482) |
(275) |
(307) |
(275) |
| Dividends received |
(54,504) |
(36,463) |
(54,504) |
(36,463) |
| Decrease/(increase) in debtors |
36,060 |
(116,102) |
(90,950) |
12,359 |
| (Decrease)/increase in creditors |
(67,122) |
13,017 |
50,722 |
(124,201) |
| Decrease/(increase) in stocks |
2,341 |
(15,018) |
- |
6,384 |
| Cash used in operations |
(431,846) |
(397,825) |
(377,312) |
(480,261) |
| Interest paid |
(60,333) |
(32,433) |
(31,796) |
(25,757) |
| Interest received |
482 |
275 |
307 |
275 |
| Net advance on bank debt |
110,963 |
215,139 |
122,077 |
216,075 |
| Net cash (used in) operations |
|
|
|
|
| and financing activities |
(380,734) |
(214,844) |
(286,724) |
(289,668) |
| Cash flows from investing activities |
|
|
|
|
| Purchase of tangible fixed assets |
(108,625) |
(634,707) |
(100,989) |
(627,393) |
| Purchase of investments |
|
(1,387,190) |
|
(1,387,190) |
| Cash withdrawn from investments |
248,329 |
|
248,329 |
|
| Dividends received |
54,504 |
36,463 |
54,504 |
36,463 |
| Proceeds from sale of fixed assets |
|
1,510,610 |
|
1,510,610 |
| Net cash from/(used in) investing |
|
|
|
|
| activities |
194,208 |
(474,824) |
201,844 |
(467,510) |
| Change in cash and cash equivalents |
|
|
|
|
| in the year |
(186,526) |
(689,668) |
(84,880) |
(757,178) |
| Cash and cash equivalents |
|
|
|
|
| brought forward |
342,529 |
1,032,197 |
213,932 |
971,110 |
| Cash and cash equivalents |
|
|
|
|
| carried forward |
£ 156,003 |
£ 342,529 |
£ 129,052 |
£213,932 |
|
**Unrestricted ** |
**Restricted ** |
Endowment |
Total |
Total |
|
Funds |
Funds |
Funds |
Funds |
Funds |
|
|
|
|
2022 |
2021 |
|
£ |
£ |
£ |
£ |
£ |
| Disabled vehicle "Buggy” |
2,355 |
. |
m |
2,355 |
464 |
| General donations |
86,688 |
- |
- |
86,688 |
20,585 |
|
£ 89,043 |
£ - |
£ - |
£89,043 |
£21,049 |
|
Unrestricted |
**Restricted ** |
Endowment |
Total |
Total |
|
Funds |
Funds |
Funds |
Funds |
Funds |
|
|
|
|
2022 |
2021 |
|
£ |
**£ ** |
£ |
£ |
£ |
| Land and Environmental |
27,317 |
|
|
27,317 |
41,384 |
| Other Covid related grants |
|
|
|
|
18,000 |
| Job retention scheme |
|
|
|
|
41,763 |
|
£27,317 |
£ - |
£ - |
£27,317 |
£ 101,147 |
|
Unrestricted |
**Restricted ** |
Endowment |
Total |
Total |
|
Funds |
Funds |
Funds |
Funds |
Funds |
|
|
|
|
2022 |
2021 |
|
£ |
£ |
£ |
£ |
£ |
| Admissions |
182,589 |
. |
_ |
182,589 |
163,968 |
| Members’ fees |
99,864 |
- |
- |
99,864 |
79,882 |
|
£ 282,453 |
£ - |
£ - |
£ 282,453 |
£243,850 |
|
**Unrestricted ** |
Restricted |
Endowment |
Total |
Total |
|
Funds |
Funds |
Funds |
Funds |
Funds |
|
|
|
|
2022 |
2021 |
|
£ |
£ |
£ |
£ |
£ |
| Coach house and visitor |
|
|
|
|
|
| centre lettings |
472,959 |
|
- |
472,959 |
301,282 |
| Events income |
69,358 |
|
- |
69,358 |
18,633 |
| Shop income |
57,984 |
|
|
57,984 |
87,340 |
| Catering income |
279,184 |
|
|
279,184 |
128,519 |
| Rental and estate income |
354,418 |
|
|
354,418 |
354,000 |
| Timber sales |
2,809 |
|
|
2,809 |
2,633 |
| Educational income |
- |
|
|
- |
1,323 |
| Insurance claim |
4,873 |
|
|
4,873 |
6,771 |
| Wayleaves |
2,458 |
|
|
2,458 |
3,906 |
| Miscellaneous income |
3,418 |
|
|
3,418 |
16,208 |
|
£ 1,247,461 |
£ - |
£ - £ 1,247,461 |
|
£ 920,615 |
|
**Unrestricted ** |
**Restricted ** |
Endowment |
Total |
Total |
|
Funds |
Funds |
Funds |
Funds |
Funds |
|
|
|
|
2022 |
2021 |
|
£ |
£ |
£ |
£ |
£ |
| UK equities |
54,504 |
. |
_ |
54,504 |
36,463 |
| Interest received |
482 |
- |
- |
482 |
275 |
|
£ 54,986 |
£ - |
£ - |
£ 54,986 |
£ 36,738 |
|
|
Visitor |
|
|
|
|
Activities |
Centre |
|
|
|
|
undertaken |
Support |
Support |
Total |
Total |
|
directly |
costs |
costs |
2022 |
2021 |
|
£ |
£ |
£ |
£ |
£ |
| Coach house and visitor |
|
|
|
|
|
| lettings |
615,322 |
m |
m |
615,322 |
307,530 |
| Events |
80,566 |
45,946 |
4,657 |
131,169 |
32,421 |
| Shop |
5,865 |
3,708 |
339 |
9,912 |
46,489 |
| Catering |
1,510 |
1,560 |
87 |
3,157 |
7,287 |
| Rental and estates |
|
|
|
|
|
| activities |
198,642 |
- |
382,550 |
591,933 |
790,992 |
|
£901,905 |
£51,214 |
£ 387,633 £ 1,340,752 |
|
£1,184,719 |
|
|
Visitor |
Support |
|
|
|
Activities |
Centre |
and |
|
|
|
undertaken |
Support |
Governance |
Total |
Total |
|
directly |
costs |
costs |
2022 |
2021 |
|
£ |
£ |
£ |
£ |
£ |
| Arboretum |
253,640 |
. |
193,589 |
447,229 |
254,216 |
| Admissions |
- |
120,954 |
- |
120,954 |
191,504 |
| Members’ fees |
- |
66,154 |
- |
66,154 |
93,299 |
| Trustee and |
|
|
|
|
|
| administration expenses |
m |
m |
223 |
223 |
493 |
| Auditors’ remuneration: |
|
|
|
|
|
| in respect of |
|
|
|
|
|
| audit services |
. |
- |
18,290 |
18,290 |
9,400 |
| in respect of |
|
|
|
|
|
| non audit services |
|
|
5,810 |
5,810 |
13,882 |
| Professional fees |
- |
- |
251,121 |
251,121 |
- |
|
£ 253,640 |
£ 187,108 |
£ 469,033 |
£ 909,781 |
£ 562,794 |
|
2022 |
2021 |
|
£ |
£ |
| Staff costs |
851,776 |
918,568 |
| Events and Visitor Centre expenditure |
166,474 |
32,676 |
| Shop and catering expenditure |
34,014 |
99,440 |
| Wedding expenditure |
77,548 |
10,112 |
| Repairs to property and equipment |
119,605 |
27,136 |
| Cleaning |
42,122 |
43,345 |
| Telephone |
10,572 |
11,354 |
| Rates |
15,794 |
_ |
| Heat, light and water |
30,543 |
17,535 |
| Bank interest and charges |
28,537 |
17,597 |
| Depreciation |
140,801 |
158,838 |
| Miscellaneous |
45,527 |
25,584 |
| Transport, fuel and maintenance |
20,076 |
55,495 |
| Insurance |
29,483 |
30,835 |
| Land access payments |
10,069 |
18,967 |
| Loan interest |
31,796 |
15,111 |
| Subscriptions |
5,297 |
3,856 |
| Auditors’ remuneration |
24,100 |
23,282 |
| Marketing and management fees and expenses |
93,562 |
73,572 |
| Professional fees |
331,333 |
84,263 |
| Trustee and administration expenses |
223 |
24,985 |
| Management, staff and volunteer expenses |
3,099 |
4,319 |
| Training |
5,986 |
6,319 |
| Plants |
32,904 |
19,067 |
| Bad debts written off/(recovered) |
25,667 |
(7,223) |
| Printing |
5,337 |
4,568 |
| Licences |
1,788 |
2,075 |
| Equipment |
8,032 |
25,107 |
| Sculpture event |
58,468 |
730 |
|
£2,250,533 £ 1,747,513 |
|
|
2022 |
2021 |
|
£ |
£ |
| Staff costs |
79,399 |
245,255 |
| Repairs |
9,978 |
12,511 |
| Cleaning |
13,687 |
24,451 |
| Telephone |
4,785 |
5,838 |
| Light, heat and water |
10,587 |
8,285 |
| Bank interest and charges |
10,712 |
9,059 |
| Miscellaneous |
25,226 |
30,747 |
| Insurance |
9,434 |
10,302 |
| Legal fees |
72,842 |
4,315 |
| Volunteer expenses |
1,163 |
2,693 |
| Subscriptions |
509 |
936 |
|
£ 238,322 |
£ 354,392 |
|
2022 |
2021 |
|
£ |
£ |
| Staff costs |
321,729 |
396,303 |
| Marketing fees |
31,224 |
55,810 |
| Professional fees |
240,380 |
75,389 |
| Management, staff and volunteer expenses |
2,614 |
2,292 |
| Training |
5,545 |
3,450 |
| Miscellaneous |
36,921 |
22,652 |
| Bank charges |
17,825 |
23,374 |
| Cleaning |
27,427 |
18,894 |
| Light, heat and water |
19,956 |
9,243 |
| Repairs |
84,664 |
46,540 |
| Telephone |
5,611 |
5,516 |
| Bad debts (recovered)/written off |
25,667 |
(7,223) |
| Printing, postage and stationery |
4,353 |
2,507 |
| Depreciation |
3,598 |
6,733 |
| Insurance |
1,180 |
607 |
| Licences |
1,788 |
2,075 |
| Subscriptions |
2,661 |
2,920 |
| Equipment hire |
- |
5,294 |
| Trustee and administration expenses |
223 |
493 |
| Auditor’s remuneration |
23,300 |
9,400 |
|
£ 856,666 |
£ 682,269 |
|
2022 |
2021 |
|
£ |
£ |
| Employees |
|
|
| Wages and salaries |
789,348 |
838,281 |
| Social security costs |
49,622 |
64,174 |
| Pension costs |
12,806 |
16,113 |
|
£851,776 |
£918,568 |
| The average monthly number of employees during |
|
|
| the year was made up as follows: |
72 |
64 |
|
2022 |
2021 |
|
£ |
£ |
| Auditors’ remuneration : in respect of audit services |
18,290 |
9,400 |
| : in respect of payroll services |
2,670 |
5,050 |
| : in respect of other non-audit services |
3,140 |
8,832 |
|
£24,100 |
£23,282 |
|
|
Improvements |
|
|
|
Freehold |
to |
Plant and |
|
|
property |
properties |
machinery |
Total |
|
£ |
£ |
£ |
£ |
| Cost |
|
|
|
|
| At 1 January 2022 |
2,390,424 |
1,290,598 |
589,651 |
4,270,673 |
| Additions |
- |
40,352 |
68,273 |
108,625 |
| Disposals |
- |
- |
- |
- |
| At 31 December 2022 |
2,390,424 |
1,330,950 |
657,924 |
4,379,298 |
| Depreciation |
|
|
|
|
| At 1 January 2022 |
- |
506,808 |
430,827 |
937,635 |
| Disposals |
- |
- |
- |
- |
| Charge for year |
- |
114,380 |
26,421 |
140,801 |
| At 31 December 2022 |
- |
621,188 |
457,248 |
1,078,436 |
| Net book values |
|
|
|
|
| At 31 December 2022 |
£ 2,390,424 |
£ 709,762 |
£ 200,676 |
£ 3,300,862 |
| At 31 December 2021 |
£ 2,390,424 |
£ 783,790 |
£ 158,824 |
£ 3,333,038 |
|
Improvements |
Improvements |
|
|
|
Freehold |
to |
Plant and |
|
|
property |
properties |
machinery |
Total |
|
£ |
£ |
£ |
£ |
| Cost |
|
|
|
|
| At 1 January 2022 |
2,390,424 |
1,290,598 |
545,380 |
4,226,402 |
| Additions |
- |
40,352 |
60,637 |
100,989 |
| Disposals |
- |
- |
- |
- |
| At 31 December 2022 |
2,390,424 |
1,330,950 |
606,017 |
4,327,391 |
| Depreciation |
|
|
|
|
| At 1 January 2022 |
- |
506,808 |
403,959 |
910,767 |
| Disposals |
- |
- |
- |
- |
| Charge for year |
- |
114,380 |
22,823 |
137,203 |
| At 31 December 2022 |
- |
621,188 |
426,782 |
1,047,970 |
| Net book values |
|
|
|
|
| At 31 December 2022 |
£ 2,390,424 |
£ 709,762 |
£ 179,235 |
£3,279,421 |
| At 31 December 2021 |
£ 2,390,424 |
£ 783,790 |
£ 141,421 |
£3,315,635 |
|
2022 |
2021 |
|
£ |
£ |
| Listed investments |
|
|
| Market value at 1 January 2022 |
3,131,732 |
1,571,604 |
| Additions at cost |
- |
1,387,190 |
| Disposal at cost |
(248,329) |
- |
| Net unrealised investment (loss)/gain |
(542,395) |
172,938 |
| Market value at 31 December 2022 |
£2,341,008 |
£3,131,732 |
| Historical cost at 31 December 2022 |
£2,398,136 |
£2,741,110 |
| Details of the listed investments held at 31 December 2022 are as follows : |
|
|
|
|
Mid-market |
|
Cost |
value |
|
£ |
£ |
| M and G Charibond Common Investment Fund |
|
|
| 7,168 Income Shares |
7,786 |
7,764 |
| M and G Charifund - Equities Investment Fund forCharities |
|
|
| 708 Income Units |
8,000 |
10,404 |
| Charinco Common Investment Fund |
|
|
| 4,404 Income Shares |
7,042 |
6,427 |
| Charishare Common Investment Fund |
|
|
| 3,442 Income Shares |
6,532 |
23,761 |
| Charities Official Investment Fund |
|
|
| 1,226 Income Units |
7,802 |
22,287 |
| 37 Accumulated Units |
378 |
8,126 |
| Glaxo Smith Kline PLC |
|
|
| 2,804 Income Shares |
43,139 |
40,686 |
| Haleon PLC |
|
|
| 3,505 Income Shares |
10,785 |
11,474 |
| Rathbone Portfolio |
2,306,672 |
2,210,079 |
|
£2,398,136 |
£ 2,341,008 |
| harity investment in subsidiary |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Cost and net book value: |
|
|
| At 1 January 2022 and at 31 December 2022 |
£7 |
£ 7 |
| Group |
|
|
| Total fixed asset investments |
£2,341,008 |
£3,131,732 |
| Charity |
|
|
| Total fixed asset investments |
£2,341,015 |
£3,131,739 |
|
Group |
Group |
|
Charity |
Charity |
|
2022 |
|
2021 |
2022 |
2021 |
|
£ |
|
£ |
£ |
£ |
| Trade debtors |
237,334 |
|
302,072 |
3,693 |
14,911 |
| Other debtors |
136,632 |
|
91,612 |
127,715 |
89,255 |
| Prepayments |
64,072 |
|
80,414 |
54,244 |
37,295 |
| Amounts owed from subsidiary |
- |
|
- |
54,498 |
7,739 |
|
£ 438,038 |
£ |
474,098 |
£240,150 |
£ 149,200 |
|
Group |
Group |
|
Charity |
Charity |
|
2022 |
|
2021 |
2022 |
2021 |
|
£ |
|
£ |
£ |
£ |
| Loans and overdrafts |
144,629 |
|
49,601 |
134,629 |
39,601 |
| Trade creditors |
143,607 |
|
108,818 |
117,893 |
96,372 |
| Other creditors |
52,068 |
|
90,133 |
50,121 |
56,656 |
| Other taxation and social security |
61,469 |
|
48,488 |
30,629 |
- |
| Accruals |
46,978 |
|
20,325 |
14,061 |
18,955 |
| Deferred income |
215,618 |
|
109,902 |
- |
47 |
| Amounts due under finance leases |
5,270 |
|
- |
5,270 |
- |
|
£ 669,639 |
£ |
427,267 |
£ 352,603 |
£211,631 |
|
Group |
|
Charity |
Charity |
|
|
2022 |
2021 |
2022 |
|
2021 |
|
£ |
£ |
£ |
|
£ |
| Loans: |
|
|
|
|
|
| Due between one and two years |
47,381 |
50,562 |
37,381 |
|
40,562 |
| - Due between two and five years |
602,426 |
466,454 |
584,476 |
|
437,390 |
| Due after more than five years |
327,648 |
351,562 |
327,648 |
|
351,562 |
|
977,455 |
868,578 |
949,505 |
|
829,514 |
| Deferred income: |
|
|
|
|
|
| Due between one and two years |
- |
219,244 |
- |
|
- |
| Amounts due under finance leases: |
|
|
|
|
|
| Due between one and two years |
4,778 |
- |
4,778 |
|
- |
| Total |
£ 982,233 £ 1,087,822 |
|
£ 954,283 |
£ |
829,514 |
|
Group |
Group |
Charity |
Charity |
|
2022 |
2021 |
2022 |
2021 |
|
£ |
£ |
£ |
£ |
| Financial assets |
|
|
|
|
| Financial assets measured atfair |
|
|
|
|
| value through profit or loss |
2,341,008 |
3,131,732 |
2,341,015 |
3,131,739 |
| Financial assets measured at |
|
|
|
|
| amortised cost |
373,966 |
393,684 |
185,906 |
104,166 |
|
£2,714,974 |
£3,525,416 £2,526,921 £ 3,235,905 |
|
|
| Financial liabilities |
|
|
|
|
| Financial liabilities measured at |
|
|
|
|
| amortised cost |
£ **1,374,785 ** |
£ 1,295,845 £ 1,276,257 £1,041,145 |
|
|
|
|
**Movement ** |
in funds |
|
|
Balance |
|
Expenditure, |
Balance |
|
at |
|
gains/(losses) |
at |
|
1.1.22 |
**Income ** |
and transfers |
31.12.22 |
|
£ |
£ |
£ |
£ |
| Permanent endowment |
|
|
|
|
| Investment |
1,486,219 |
|
(345,599) |
1,140,620 |
| Markshall Estate |
1,789,754 |
|
|
1,789,754 |
|
£ 3,275,973 |
£ - |
£ (345,599) |
£ 2,930,374 |
|
|
Movement in funds |
Movement in funds |
|
|
Balance |
|
**Expenditure, ** |
Balance |
|
at |
|
**(gains)/losses ** |
at |
|
1.1.22 |
**Income ** |
**and transfers ** |
31.12.22 |
|
£ |
**£ ** |
**£ ** |
£ |
| Educational events |
14,500 |
|
(420) |
14,080 |
| Cycle path |
253 |
|
|
253 |
|
£ 14,753 |
£ - |
£(420) |
£14,333 |
|
|
|
|
Movement in funds |
Movement in funds |
|
|
|
Balance |
|
|
Expenditure, |
Balance |
|
|
at |
|
|
(gains)/losses |
at |
|
|
1.1.22 |
|
Income |
and transfers |
31.12.22 |
| Group |
|
|
|
|
|
|
| General charitable funds |
£ |
2,498,755 |
**£ ** |
1,701,260 |
£ (2,446,909) |
£ 1,753,106 |
| Charity |
|
|
|
|
|
|
| General charitable funds |
£ |
2,478,635 |
**£ ** |
1,012,782 |
£(1,660,430) |
£ 1,830,987 |
| 2022 |
2021 |
| £ |
£ |
| Contracted for but not provided in these financial statements £ 14,270 |
|
|
2022 |
2021 |
|
£ |
£ |
| Income |
1,012,782 |
930,331 |
| Expenditure |
|
|
| Fundraising trading: |
|
|
| Cost of goods sold and other costs |
987,292 |
877,193 |
| Charitable activities |
460,839 |
539,019 |
| Governance costs |
15,923 |
19,905 |
| Realised and unrealised |
|
|
| Investment loss/(gain) |
542,395 |
(172,938) |
| Gain on disposal |
- |
(1,405,216) |
| Net (outgoing)/incoming resources |
(993,667) |
1,072,368 |
| Total funds brought forward |
5,769,361 |
4,696,993 |
| Total funds carried forward |
£ 4,775,694 |
£ 5,769,361 |
| Represented by: |
|
|
| Restricted funds |
14,333 |
14,753 |
| Endowment funds |
2,930,374 |
3,275,973 |
| Unrestricted funds |
1,830,987 |
2,478,635 |
| Total funds |
£4,775,694 |
£ 5,769,361 |
|
|
|
Net current |
|
|
Tangible |
|
assets less |
|
|
fixed |
|
long term |
|
|
assets |
Investments liabilities |
|
Total |
|
£ |
£ |
£ |
£ |
| Restricted funds |
- |
- |
14,333 |
14,333 |
| Endowment funds |
216,058 |
78,769 |
2,635,547 |
2,930,374 |
| Unrestricted funds |
|
|
|
|
| General charitable funds |
3,084,804 |
2,262,239 |
(3,593,937) |
1,753,106 |
| Total funds |
£3,300,862 |
£2,341,008 |
**£(944,057) ** |
£4,697,813 |
| Charity |
|
|
|
|
|
|
|
Net current |
|
|
Tangible |
|
assets less |
|
|
fixed |
|
long term |
|
|
assets |
Investments liabilities |
|
Total |
|
£ |
£ |
£ |
£ |
| Restricted funds |
- |
- |
14,333 |
14,333 |
| Endowment funds |
216,058 |
78,769 |
2,635,547 |
2,930,374 |
| Unrestricted funds |
|
|
|
|
| General charitable funds |
3,063,363 |
2,262,246 |
(3,494,622) |
1,830,987 |
| Total funds |
£3,279,421 |
£2,341,015 |
£(844,742) £4,775,694 |
|
|
**Unrestricted ** |
**Restricted ** |
Endowment Total |
Endowment Total |
|
Funds |
Funds |
Funds |
Funds |
|
|
|
|
2021 |
|
£ |
£ |
£ |
£ |
| Income |
|
|
|
|
| Donations and legacies |
7,796 |
13,253 |
- |
21,049 |
| Income from charitable |
|
|
|
|
| activities: |
|
|
|
|
| Grants receivable |
101,147 |
- |
- |
101,147 |
| Other income from |
|
|
|
|
| charitable activities |
243,850 |
- |
- |
243,850 |
| 159 |
|
|
|
|
| Income from other |
|
|
|
|
| trading activities |
920,615 |
- |
- |
920,615 |
| Investment income |
36,738 |
- |
- |
36,738 |
| Total income |
1,310,146 |
13,253 |
- |
1,323,399 |
| Expenditure |
|
|
|
|
| Expenditure on raising funds |
1,184,719 |
- |
- |
1,184,719 |
| Charitable activities |
562,794 |
- |
- |
562,794 |
| Total expenditure |
1,747,513 |
- |
- |
1,747,513 |
| Realised and unrealised |
|
|
|
|
| investment gains |
172,938 |
- |
- |
172,938 |
| Gain on disposal of land |
- |
- |
1,405,216 |
1,405,216 |
| Net income |
(264,429) |
13,253 |
1,405,216 |
1,154,040 |
| Transfer between funds |
(4,401) |
- |
4,401 |
. |
| Net movement in funds |
|
|
|
|
| carried forward |
(268,830) |
13,253 |
1,409,617 |
1,154,040 |
| Balances brought forward |
|
|
|
|
| at 1 January 2021 |
2,767,585 |
1,500 |
1,866,356 |
4,635,441 |
| Balances carried forward |
|
|
|
|
| at 31 December 2021 |
£2,498,755 |
£14,753 |
£3,275,973 |
£5,789,481 |
| roup |
|
|
|
|
|
|
Balance |
|
|
|
Balance |
|
at |
Cash |
Non Cash |
|
at |
|
1.1.22 |
**Movements ** |
Movements |
|
31.12.22 |
|
£ |
£ |
£ |
|
£ |
| Cash at bank and in hand |
342,529 |
(186,526) |
|
|
156,003 |
| Debt due within one year |
(49,601) |
(2,086) |
|
|
(51,687) |
| Debt due after one year |
(868,578) |
(108,877) |
|
- |
(977,455) |
| Net funds/(debt) |
£ (575,650) |
£(297,489) |
|
**£ ■ ** |
£(873,139) |
|
Balance |
|
|
|
Balance |
|
at |
Cash |
Non Cash |
|
at |
|
1.1.22 |
**Movements ** |
Movements |
|
31.12.22 |
|
£ |
**£ ** |
£ |
|
£ |
| Cash at bank and in hand |
213,932 |
(84,880) |
|
|
129,052 |
| Debt due within one year |
(39,601) |
(2,086) |
|
|
(41,687) |
| Debt due after one year |
(829,514) |
(119,991) |
|
- |
(949,505) |
| Net funds/(debt) |
£(655,183) |
£(206,957) |
|
**£ - ** |
£(862,140) |
|
2022 |
2021 |
|
£ £ |
£ £ |
| Income |
|
|
| Estate |
440,667 |
477,180 |
| Arboretum and Land in Hand |
93,417 |
45,094 |
| Visitor Centre Operations |
1,167,176 |
801,125 |
|
1,701,260 |
1,323,399 |
| Expenses |
|
|
| Estate |
848,362 |
786,578 |
| Arboretum and Land in Hand |
258,204 |
238,719 |
| Visitor Centre Operations |
1,143,967 |
722,216 |
|
2,250,533 |
1,747,513 |
| Operating (deficit)/surplus |
|
|
| Estate |
(407,695) |
(309,398) |
| Arboretum and Land in Hand |
(164,787) |
(193,625) |
| Visitor Centre Operations |
23,209 |
78,909 |
|
(549,273) |
(424,114) |
| Gain on disposal of fixed assets |
|
1,405,216 |
| (Loss)/gain on investment |
(542,395) |
172,938 |
| (Deficit) for the financial year |
£(1,091,668) |
£ 1,154,040 |
|
2022 |
2021 |
|
£ £ |
£ £ |
| Income - Estate |
|
|
| Rental income |
349,752 |
350,175 |
| Tenant contributions |
4,666 |
3,825 |
| Investment income |
54,811 |
36,738 |
| Insurance and other income |
6,163 |
19,100 |
| Grants and donations |
22,817 |
29,812 |
| Job retention scheme grant |
- |
33,624 |
| Nursery |
2,458 |
3,906 |
|
440,667 |
477,180 |
| Expenses - Estate |
|
|
| General maintenance |
63,215 |
37,266 |
| Premises and public liability insurance |
9,434 |
10,076 |
| Other professional fees |
251,121 |
71,405 |
| Accountancy |
15,700 |
19,412 |
| Office administration and services |
38,611 |
27,192 |
| Office electricity and water |
16,023 |
7,992 |
| Staff costs |
252,347 |
417,923 |
| Staff and trustee expenses |
1,878 |
2,651 |
| Bank charges and overdraft interest |
4,934 |
1,862 |
| Miscellaneous |
11,199 |
13,846 |
| Access payments |
10,069 |
18,967 |
| Depreciation |
137,203 |
152,105 |
| Loan interest |
31,796 |
15,111 |
| Bad debts (recovered)/written off |
4,832 |
(9,230) |
|
848,362 |
786,578 |
| Divisional (deficit)/surplus |
£ (407,695) |
£ (309,398) |
|
2022 |
2021 |
|
£ £ |
£ £ |
| Income - Arboretum and land in hand |
|
|
| Grants and donations |
90,608 |
39,049 |
| Job retention scheme grant |
- |
3,412 |
| Timber sales |
2,809 |
2,633 |
|
93,417 |
45,094 |
| Expenses - Arboretum and land |
|
|
| in hand |
|
|
| Personnel expenses |
736 |
134 |
| Staff costs |
197,080 |
183,324 |
| Equipment |
5,216 |
6,337 |
| Equipment hire |
2,446 |
4,056 |
| Planting and tree surgery |
4,106 |
3,678 |
| Fuel and oil |
12,693 |
7,821 |
| Repairs and maintenance |
20,755 |
15,071 |
| Vehicle insurance and tax |
10,477 |
10,754 |
| Heat, power and water |
437 |
1,922 |
| Miscellaneous |
4,258 |
5,622 |
| Other professional Fees |
- |
- |
|
258,204 |
238,719 |
| Divisional deficit |
£(164,787) |
£(193,625) |
|
2022 |
2021 |
|
|
£ £ |
£ |
|
| Income - Visitor Centre Operations |
|
|
|
| Admission |
182,589 |
163,968 |
|
| Catering |
279,184 |
128,519 |
|
| Shop and plants |
53,511 |
37,843 |
|
| Membership |
99,864 |
79,882 |
|
| Coach house |
419,102 |
331,391 |
|
| Events |
100,619 |
38,021 |
|
| Other income |
27,807 |
5,202 |
|
| Job retention scheme grant |
- |
4,727 |
|
| Grants |
4,500 |
11,572 |
|
|
1,167,176 |
|
801,125 |
| Expenses - Visitor Centre Operations |
|
|
|
| Catering |
23,962 |
42,310 |
|
| Shop |
38,850 |
71,521 |
|
| Wedding |
77,548 |
10,112 |
|
| Events |
224,942 |
23,934 |
|
| Bank and credit card charges |
23,603 |
31,250 |
|
| Cleaning |
30,314 |
34,112 |
|
| VC electric and water |
14,083 |
7,621 |
|
| Repairs and maintenance |
31,427 |
26,666 |
|
| Staff, volunteer and trustee expenses |
3,639 |
1,534 |
|
| Miscellaneous |
77,856 |
14,662 |
|
| Marketing and promotions |
48,158 |
73,476 |
|
| Staff costs |
402,553 |
320,515 |
|
| Office and administration costs |
20,033 |
27,994 |
|
| Depreciation |
3,598 |
6,733 |
|
| Insurance |
10,614 |
10,683 |
|
| Legal and professional fees |
83,920 |
9,562 |
|
| Equipment |
8,032 |
7,524 |
|
| Bad debts written off |
20,835 |
2,007 |
|
|
1,143,967 |
|
722,216 |
| Divisional surplus |
23,209 |
|
78,909 |