Charity registration number: 264626
St Anthony's Trust
Annual Report and Financial Statements for the Year Ended 31 March 2023
St Anthony's Trust
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 5 |
| Statement of Trustees' Responsibilities | 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 to 9 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11 to 21 |
St Anthony's Trust
Reference and Administrative Details
Trustees S Blaxland de Lange J Reeves D Thomas B Swain K Beaven Principal Office 39 High Street Battle East Sussex TN33 0EE Charity Registration Number 264626 Bankers HSBC Bank plc 38 London Road East Grinstead West Sussex RH19 1AB Independent Examiner Manningtons Chartered Accountants 39 High Street Battle East Sussex TN33 0EE
Page 1
St Anthony's Trust
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2023. The trustees who served during the year and up to the date of this report are set out on page 1.
Objectives and activities
Objects and aims
The objects of the charity are the advancement of education and healthcare with particular regard to the principles and methods of Rudolf Steiner, with emphasis on the establishment and operation of agricultural and horticultural training centres based on bio-dynamic agricultural techniques and as well the relief of the aged impotent and poor or any other charitable purposes as the trustees may resolve.
Objectives, strategies and activities
The principal strategy of the charity is to act as a supportive investor in facilities to be provided to organisations pursuing activities within the charity's objects.
To this end the charity owns Old Plaw Hatch Farm and Tablehurst Farm and lets them to the individual farms to operate as bio-dynamic agricultural farms and training centres.
The charity also owns the Rachel Carson Centre, a building and land which is a former centre for biodynamic training which is let to the Emerson College Trust Ltd for educational activities.
It also makes grants in appropriate circumstances for training purposes and for better public access to activities relating to care for the land and environment.
On the 28th of December 2022, the Trust was incorporated as a private limited company registered in England and Wales under company number 14558593. The Trust is in the process of applying for charitable status as a limited company. This work is carried out with the assistance of a specialist charity solicitor.
The Trust has also engaged a professional advisor to assist the board in ensuring that the Trust is compliant in all areas to do with letting agricultural land and buildings. In the period continued to work with their financial two-year and five-year plans, focussing on three main areas: 1. Land purchase for land security 2. Improving accommodation for farm workers 3. Biodynamic education. The trust invited the farms to present improvement plans so the Charity could consider these in their planning.
Public benefit
In setting the charity's objectives and planning its activities the trustees have given consideration to the Charity Commission guidance on public benefit. Student groups of all ages visit the farms through school visits, young farmer groups and volunteers. Both farms also provide cultural and educational activities supported by the Trust such as farm walks, extensive openings for volunteers and open days.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Grant making policies
Grants are awarded by the trustees to institutions or projects meeting the charitable objectives of the trust. Grant applications are authorised individually, according to merit.
Page 2
St Anthony's Trust
Trustees' Report
Achievements and performance
Fundraising campaigns to provide additional and replacement of essential housing for farmers at Tablehurst Farm and Plaw Hatch Farm have resulted, in the case of Tablehurst Farm, in a completed straw bale property (completed in September 2019) and at Plaw Hatch a house for a farmer and family to replace one that burned down in 2018 (completed June 2021).
The Trust has worked with and supported both farms to develop BD educational farming and gardening through apprenticeships, internships, courses, events, volunteers, allotments and other educational/training schemes. We ensure through our leases that all land leased is farmed following biodynamic practices as far as possible.
Tablehurst Farm hosted a BDA Regional event on the farm last autumn for regional farmers interested in Biodynamics and Tablehurst Farm. The farm also hosted a number of school visits, students, volunteers and a young farmers’ club.
Tablehurst Farm hosted a BDA apprentice in his second year of training, and they are looking for a second apprentice to start as soon as possible. Their butcher apprentice completed his apprenticeship, and they are now actively seeking a new apprentice. Several interns joined the farm in the summer, and a student from Plumpton Agricultural College joined the farm once a week for practical training.
Old Plawhatch Farm is hosting two apprentices through the Biodynamic Agricultural College, and one butcher apprentice who has finished her apprenticeship, passed her final exams and will continue working in the farm butchery.
Difficulties were experienced in the period due to the new Brexit regulations not yet including a visa scheme for volunteers and apprentices. They had experienced problems from Brexit (lack of a visa scheme and lack of certification as an educational place) that stopped them from receiving their usual summer placements from the Warmonderhof Foundation (a college for BD agriculture in the Netherlands) with which our farms have had a long connection.
Staff training is an ongoing activity in both farms, which finds opportunities for customer-facing shop and cafe staff to learn about farming and gardening through visits to productive enterprises. Farmers attended a week of training in regenerative agriculture with Richard Perkins in Wales, the Oxford Real Farming Conference and the Groundswell event. Tablehurst farmers, gardeners and volunteers study Rudolf Steiner’s Agricultural course together once a week.
Tablehurst Farm’s biodynamic preparations specialist has been undertaking a course of study into the soil and is in the process of setting up some soil research experiments. She has contributed to teaching courses on making Biodynamic preparations in different parts of the country, and she continues offering open training on BDA preparations every year at the farm.
In addition to the leases given to the two farms, the charity also leases a small plot of land to a biodynamic farmer and the Rachel Carson Centre land and building to Emerson College Trust. In leasing the land to Emerson, the Trust has agreed that part of that lease will involve subletting the property to The Healing Garden (a BD medicinal garden).
Page 3
St Anthony's Trust
Trustees' Report
The Trust organised an event at Emerson College in collaboration with the Healing Garden, the Rachel Carson Centre Project, and Schumacher College, to celebrate the 60th anniversary of the publication of Rachel Carson’s book Silent Spring, an environmental science book by Rachel Carson. The prime mover in putting it all together was Sarri Tapales, who presented her master's degree project Designing Regenerative Food Ecosystems for Brighton. Conversations in the round explored Rachel Carson’s message, biodynamics, the future of food and farming, and the question, ‘What is the message of Silent Spring for UK food and farming today?’ St Anthony's Trust's Limited current work and objectives were presented during this event, where the trust could gain more visibility by presenting its work to the community. The trust body revamped its website to support its presence in the community; we are now writing articles and event reviews to keep it up to date.
Financial review
In this period, the Trust received the final balances of two legacies which had been caught up in the delays at the probate office due to Covid-19. One of the legacies is designated for Tablehurst Farm and is being held on their behalf. The second legacy is undesignated, and trustees are awaiting grant applications for these funds. A small percentage has been allocated to the overheads of the Trust, in particular, the legal costs incurred in changing our status and bringing all documentation up to date.
Trustees have prioritised finding a trustee with a solid financial background to join the board.
Policy on reserves
As has long been the Trust's practice, reserves will be maintained to cover the basic running costs. New projects will only be undertaken or initiatives supported when funds held by the Trust permit. Free reserves at the year-end date amounted to £126,148.
Investment policy and objectives
The trustees have unlimited investment powers. Currently the charity owns two freehold farm properties as programme related investments, as well as other small investments in Steiner related organisations. General funds not designated are held for current purposes.
The main income, apart from rent charged to the farms, for the Trust, is from donations for publicly specified projects and from occasional legacies
Structure, governance and management
Nature of governing document
St Anthony's Trust is governed by its trust deed 1st August 1972 and supplementary trust deed 25th January 1975 and is a charity registered with the Charity Commission.
Incorporated in December 2022 with company number 14558593, St Anthony's Trust Limited is governed by its Memorandum and Articles. St. Anthony’s Trust Limited has applied to the Charity Commission for charitable status. Until this status is received, the Trust continues to operate under the old charity number.
Page 4
St Anthony's Trust
Trustees' Report
Recruitment and appointment of trustees
Power of appointment and removal of trustees is vested in the trustees.
The Trust is recruiting new trustees bearing in mind the skills needed on the board and diversity as well as being aligned with its purposes.
Induction and training of trustees
New trustees undergo an orientation session to brief them on their legal obligations under charity law, the content of the trust deed, the decision making processes, the future plans and recent financial performance of the charity.
In the period 2022 – 2023, trustee training was carried out through online webinars with specialist charity solicitors on the basics of being a charity trustee and through presentations brought to board meetings by individual trustees. These were found to be very good and were greatly appreciated.
Organisational structure
The trustees meet regularly to manage the affairs of the charity.
Major risks and management of those risks
Risk management
The trustees have a risk management strategy which comprises an ongoing review of the risks the charity may face; the establishment of systems and procedures to mitigate the identified risks; and the implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.
Page 5
St Anthony's Trust Statement of Trustees, RponsIbilItieS The tyusie¢5 are responsibl¢ for prq)aring th¢ tyusle¢s' r¢port and ih¢ finan¢ial 5talements in accordance ivith the UnilLd Kingdom Accounling SiaTr(JordN IUnilLd Kingdom fiLnLMlly Accepled AcLouniing I'm¢ticL) onJ 4ppliLJhl law regulations. 'hL luiv appliLdbl¥ l(1 bhurli1% rwuiriw ili¥ Ir%1(.4$ li5 prLpJrL. lindnLiJI %l&ilLIiiLnl% fi>r lI7 liii&inLiaS yLar ivhiLh give a irue and lair view ol. the smte ot atloirn ol- the charity and of the incomin8 resources and applic41ion of ()l-IhL charily ftsr lh pcriii¢J. In pr'pin7 thL¥L finunLiJl stMent& ihb trusiLCS JfL' wuiruj to.. select suitahle accountin8 p)licics and thcn apply thcTn con&istcntJy observe the Mhod5 and principlcs Ill thc Churili&% %()Ill>: muk¢ judg¢ni¢nl$ and osliinaiLs ihat arc rca%¢Trnahlc and priidcni: State whdher applibIC accounting stundurds havL bL fullowi subj¢¥ io any merial d¢partur¢s di8¢lt)s¢d und cxplained in ih¢ finuALiJI 8itsILiniLtiis; ond prepare ¢h¢ financiol $tht¢mcnts on th¢ 80in8 conccrn basis unl&%s it is inAppropri8ie w pr¢sume Ihat ihe charity 'rhe irusi¢L'S rpOnSIble for keeping prop¢r a¢countin8 records that disc105c with rCInble u¢curuLy ui uny lime Ihv finkuLial rrt)siLitsn ul. thL LhJrity Lind LnablL' IhLni tu Ln.surL that IhL liniincithl $14ilLmLni¥ L(Iinply with lh¢ Chllritics Act 201 l. thL appliuiblc C.hariliL.4 IAccounL8 and fte[rLI) Re8ulotiDThi. und thc provi4iony of thb nsliLulioii. .1 IIL lrnsLeL'4 llrc ulso rc%poii%iblc lor %ulig(Iiirdiiig th¢ &¥s¥¢% (If tliL' ¥liarily Dnd hLffifL for wking reo3on4bl¢ sly for th¥ P'vCntson s dl.lIOn orrraud and other iffe8ulariti¢s. Approvcd by ihc tn1¢* ol'thL Lharily ¢)n .23. Ithd S1¥n on its bLhaifby.'
St Anthony's Trust
Independent Examiner's Report to the trustees of St Anthony's Trust
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2023 which are set out on pages 8 to 21.
Respective responsibilities of trustees and examiner
As the charity’s trustees of St Anthony's Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the St Anthony's Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of St Anthony's Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
......................................
R T K Walsh FCCA Manningtons Chartered Accountants
39 High Street Battle East Sussex TN33 0EE
Date:............................. 01.12.23
Page 7
St Anthony's Trust
Statement of Financial Activities for the Year Ended 31 March 2023
| Note Income and Endowments from: Donations and legacies 2 Other trading activities 3 Investment income 4 Total Income Expenditure on: Charitable activities 5 Governance costs 6 Total Expenditure Net income/(expenditure) Gross transfers between funds Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 18 |
Unrestricted £ 10,584 531 57,550 68,665 (33,149) (10,032) (43,181) 25,484 1,129 26,613 2,429,237 2,455,850 |
Restricted £ 120 - - 120 (789) - (789) (669) (1,129) (1,798) 2,441 643 |
Total 2023 £ 10,704 531 57,550 |
|---|---|---|---|
| 68,785 | |||
| (33,938) (10,032) |
|||
| (43,970) | |||
| 24,815 - |
|||
| 24,815 2,431,678 |
|||
| 2,456,493 |
The notes on pages 11 to 21 form an integral part of these financial statements. Page 8
St Anthony's Trust
Statement of Financial Activities for the Year Ended 31 March 2023
| Note Income and Endowments from: Donations and legacies 2 Other trading activities Investment income 4 Total Income Expenditure on: Charitable activities 5 Governance costs 6 Total Expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 18 |
Unrestricted £ 123,773 375 57,375 181,523 (29,858) (6,830) (36,688) 144,835 2,284,402 2,429,237 |
Restricted £ 99,273 - - 99,273 (103,815) - (103,815) (4,542) 6,983 2,441 |
Total 2022 £ 223,046 375 57,375 |
|---|---|---|---|
| 280,796 | |||
| (133,673) (6,830) |
|||
| (140,503) | |||
| 140,293 2,291,385 |
|||
| 2,431,678 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 and 2023 is shown in note 18.
The notes on pages 11 to 21 form an integral part of these financial statements. Page 9
St Anthony's Trust (Registration number: 264626) Balance Sheet At 31 March 2023 2023 2022 Note Flxed assets Investsnents 13. 14 2.305.433 1304.861 Current 4$8¢ts Dcbtor5 Cash at bonk and irt hand 15 16 1.661 129.670 157,758 157.899 131.331 Crtditon: Amounts flllg dw¢ wlthln otht yeAr 17 (6,8391 14.514 Net turrent Assets 151,060 126.817 Net *ssets 2.456,493 2,431,678 oftbe charlty: Rtr1ded 643 2.441 UDrutrl¢¢¢d Ineome Unrtstricted 2.455.850 2.429,237 TotAI 18 2 456 493 2,431,678 Th¢ financial statNntnts on page5 8 21 wv¢ approved by the tswte¢s. authorised for issue or) and si8ned on their half by: 2.1.1.1.1.12a JRee Tru es Thc not¢s on wes I I to 21 forni an inte of thes¢ financial statements. Page 10
St Anthony's Trust
Notes to the Financial Statements for the Year Ended 31 March 2023
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
St Anthony's Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Exemption from preparing a cash flow statement
The charity opted to adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Judgements
Determination of whether there are indicators of impairment of the Charity's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset.
Key sources of estimation uncertainty
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values. The carrying amount is £- (2022 -£-).
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Page 11
St Anthony's Trust
Notes to the Financial Statements for the Year Ended 31 March 2023
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grant provisions
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £100 or more are initally recorded at cost.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class
Plant and equipment
Depreciation method and rate
25% straight line basis
Programme related investments
Programme related investments are made in furtherance of the charitys' objects and any investment return is secondary to the charitable purpose supported by the investment. Such investments are included at their cost. Any loss or impairment arising from such investments is charged as part of charitable activities within the Statement of Financial Activities.
Page 12
St Anthony's Trust
Notes to the Financial Statements for the Year Ended 31 March 2023
Fixed asset investments
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Foreign exchange
Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date.
Other exchange differences are recognised in the statement of financial activities in the period in which they arise except for:
1) exchange differences arising on gains or losses on non-monetary items which are recognised in other comprehensive income; and expenditure.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 13
St Anthony's Trust
Notes to the Financial Statements for the Year Ended 31 March 2023
2 Income from donations and legacies
| Unrestricted funds General £ Donations and legacies; Appeals and donations 10,584 10,584 3 Other Income Recharge of shared costs 4 Investment income Income from dividends; Dividends receivable from other unlisted investments Foreign currency (Loss) / gains Farm rents |
Restricted funds £ 120 120 Unrestricted funds General £ 531 531 Unrestricted funds General £ 396 572 56,582 57,550 |
Total 2023 £ 10,704 10,704 Total funds £ 531 531 Total 2023 £ 396 572 56,582 57,550 |
Total 2022 £ 223,046 |
|---|---|---|---|
| 223,046 | |||
| Total 2022 £ 375 |
|||
| 375 | |||
| Total 2022 £ 94 181 57,100 |
|||
| 57,375 |
5 Expenditure on charitable activities
| Note Charitys' running costs Grant making 7 |
Unrestricted General £ 32,649 500 33,149 |
Restricted £ - 789 789 |
Total 2023 £ 32,649 1,289 33,938 |
Total 2022 £ 27,305 106,368 |
|---|---|---|---|---|
| 133,673 |
Page 14
St Anthony's Trust
Notes to the Financial Statements for the Year Ended 31 March 2023
6 Analysis of governance and support costs
Governance costs
| Independent examiner fees Examination of the financial statements Other fees paid to examiners Legal fees Other governance costs |
Unrestricted funds General £ 675 1,700 6,830 827 10,032 |
Total 2023 £ 675 1,700 6,830 827 10,032 |
Total 2022 £ 620 2,000 3,272 938 |
|---|---|---|---|
| 6,830 |
7 Grant-making
Analysis of grants
| Analysis of grants | ||
|---|---|---|
| Analysis Biodynamic agriculture training Infrastructure |
Grants to institutions 2023 £ 2022 £ 500 - 789 106,368 1,289 106,368 |
|
| 106,368 |
Below are details of material grants made to institutions by the
| Name of institution Activity Old Plaw Hatch Farm Ltd Biodynamic agriculture training Tablehurst Farm Biodynamic agriculture training Old Plaw Hatch Farm Ltd Infrastructure Tablehurst Farm Infrastructure |
2023 £ 250 250 79 710 1,289 |
2022 £ - - 103,814 2,554 |
|---|---|---|
| 106,368 |
Page 15
St Anthony's Trust
Notes to the Financial Statements for the Year Ended 31 March 2023
8 Net incoming/outgoing resources
Net incoming resources for the year include:
| Foreign currency gains Unrealised gain on other investments |
2023 £ (572) - |
2022 £ (181) (2,292) |
|---|---|---|
9 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
10 Staff costs
There were no employees in the financial year to 31st March 2023 or the prior year to 31st March 2022.
11 Taxation
The charity is a registered charity and is therefore exempt from corporation tax.
12 Tangible fixed assets
| Cost At 1 April 2022 At 31 March 2023 Depreciation At 1 April 2022 At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 |
Furniture and equipment £ 44,669 44,669 44,669 44,669 - - |
Total £ 44,669 |
|---|---|---|
| 44,669 | ||
| 44,669 | ||
| 44,669 | ||
| - | ||
| - |
Page 16
St Anthony's Trust
Notes to the Financial Statements for the Year Ended 31 March 2023
13 Fixed asset investments
Other investments
| Cost or Valuation At 1 April 2022 Revaluation At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 |
Unlisted investments £ 13,059 572 13,631 13,631 13,059 |
Total £ 13,059 572 |
|---|---|---|
| 13,631 | ||
| 13,631 | ||
| 13,059 |
14 Social investments
Programme related investments
| Cost At 1 April 2022 At 31 March 2023 Provision At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 |
Programme related investment 1 £ 2,291,802 2,291,802 - 2,291,802 2,291,802 |
Total £ 2,291,802 |
|---|---|---|
| 2,291,802 - |
||
| 2,291,802 | ||
| 2,291,802 |
Page 17
St Anthony's Trust
Notes to the Financial Statements for the Year Ended 31 March 2023
| 15 Debtors Trade debtors Prepayments 16 Cash and cash equivalents Cash at bank 17 Creditors: amounts falling due within one year Other taxation and social security Other creditors Accruals |
2023 £ - 141 141 2023 £ 157,758 2023 £ 2,389 116 4,334 6,839 |
2022 £ 767 894 |
|---|---|---|
| 1,661 | ||
| 2022 £ 129,670 |
||
| 2022 £ 2,070 116 2,328 |
||
| 4,514 |
Page 18
St Anthony's Trust
Notes to the Financial Statements for the Year Ended 31 March 2023
18 Funds
| Unrestricted funds General General Fund Designated Braun Legacy for THF Total unrestricted funds Restricted funds Pixton 3rd Age Project Tablehurst Housing Appeal Old Plaw Hatch Housing Appeal Total restricted funds Total funds |
Balance at 1 April 2022 £ 2,410,956 18,281 2,429,237 1,129 1,220 92 2,441 2,431,678 |
Incoming resources £ 62,677 5,988 68,665 - 120 - 120 68,785 |
Resources expended £ (43,181) - (43,181) - (710) (79) (789) (43,970) |
Transfers £ 1,129 - 1,129 (1,129) - - (1,129) - |
Balance at 31 March 2023 £ 2,431,581 24,269 |
|---|---|---|---|---|---|
| 2,455,850 | |||||
| - 630 13 |
|||||
| 643 | |||||
| 2,456,493 |
Page 19
St Anthony's Trust
Notes to the Financial Statements for the Year Ended 31 March 2023
| Unrestricted funds General General Fund Designated Braun Legacy for THF Total unrestricted funds Restricted Pixton 3rd Age Project Tablehurst Housing Appeal Old Plaw Hatch Housing Appeal Total restricted funds Total funds |
Balance at 1 April 2021 £ 2,284,402 - 2,284,402 1,054 920 5,009 6,983 2,291,385 |
Incoming resources £ 163,242 18,281 181,523 75 300 98,898 99,273 280,796 |
Resources expended £ (34,134) (2,554) (36,688) - - (103,815) (103,815) (140,503) |
Transfers £ (2,554) 2,554 - - - - - - |
Balance at 31 March 2022 £ 2,410,956 18,281 |
|---|---|---|---|---|---|
| 2,429,237 | |||||
| 1,129 1,220 92 |
|||||
| 2,441 | |||||
| 2,431,678 |
The specific purposes for which the funds are to be applied are as follows:
Plaw Hatch Ruben Apprenticeship Fund is to develop the skills and knowledge of the apprentice in biodynamic farming whilst working on the land and attending argicultural college.
Pixton 3rd Age Project is looking into the possibility of converting Pixton House into a different kind of sheltered residential accommodation in conjuction with the Anthroposophical Society in Sussex and Emerson College, the project ceased as fundraising failed. List of donors was reviewed and it was decided impratical to beable to distribute the remaining unspent funds fairly so therefore the balance of this fund was transfered to general funds during this current financial year.
The Tablehurst Farmhouse and Housing Appeal is to raise funds for the building of additional living accommodation for the workers at Tablehurst Farm, including that of a Strawbale house as a retirement home for Peter Brown, the current farmer of Tablehurst who is of retirement age.
The Old Plaw Hatch Housing Appeal is to raise funds for the rebuilding of living accommodation damaged in the fire during the 2018 financial year.
The Braun Legacy was monies left to the Trust to the benefit of Tablehurst Farm (THF), so has been treated as a designated unrestricted fund.
Page 20
St Anthony's Trust
Notes to the Financial Statements for the Year Ended 31 March 2023
19 Analysis of net assets between funds
Unrestricted
| Fixed asset investments Current assets Current liabilities Total net assets Fixed asset investments Current assets Current liabilities Total net assets 20 Analysis of net funds Cash at bank and in hand Net debt Cash at bank and in hand Net debt |
General £ Designated £ 2,305,433 - 132,987 24,269 (6,839) - 2,431,581 24,269 Unrestricted funds General £ Designated £ 2,304,861 - 110,609 18,281 (4,514) - 2,410,956 18,281 At 1 April 2022 £ 129,670 129,670 At 1 April 2021 £ 43,637 43,637 |
Restricted £ - 643 - 643 Restricted funds £ - 2,441 - 2,441 Financing cash flows £ 28,088 28,088 Financing cash flows £ 86,033 86,033 |
Total funds at 31 March 2023 £ 2,305,433 157,899 (6,839) |
|||
|---|---|---|---|---|---|---|
| 2,456,493 | ||||||
| Total funds at 31 March 2022 £ 2,304,861 131,331 (4,514) |
||||||
| 2,431,678 | ||||||
| At 31 March 2023 £ 157,758 157,758 At 31 March 2022 £ 129,670 129,670 |
21 Related party transactions
During the year the charity made the following related party transactions:
Donations from Trustees
Total amount of donations received in aggregate without conditions from trustees in the year was £nil (2022 - £nil). At the balance sheet date the amount due to/from Trustees was £Nil (2022 - £Nil).
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