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2020-12-31-accounts

Charity No. 269546

Trustees’ report and financial statements for the year ended 31 December 2020

The Countryside Education Trust

Legal and administrative information For the year ended 31 December 2020

Page
Legal and administrative information 1
Trustees’ report 2-8
Independent examiner’s report 9-10
Statement of financial activities 11
Balance sheet 12
Statement of cash flows 13
Notes to the financial statements 14-29

The Countryside Education Trust

Legal and administrative information For the year ended 31 December 2020

Trustees Lord Montagu of Beaulieu, Chair
A Rolf (Resigned 29thApril 2021)
A Moore-Gwyn
D Olden
R Channell
N Burt
V Humber
D Printer, Deputy Chair
M Wade
The Countryside Education Trust is a tenant of Lord Montagu and the
Beaulieu Estate.
Charity Commission
registration number 269546
Registered office John Montagu Building
Beaulieu
Hampshire
SO42 7ZN
Independent Examiners Saffery Champness LLP
Chartered Accountants
Midland House
2 Poole Road
Bournemouth
BH2 5QY
Bankers Barclays Bank Plc
4thFloor, Block A
Apex Plaza
Forbury Road
Reading
RG1 1AX

Page 1

The Countryside Education Trust

Trustees’ Report

For the year ended 31 December 2020

The trustees present their report for the year ended 31 December 2020.

Constitution and principal charitable objectives

The Countryside Education Trust (269546) was founded in 1975. Its objectives and activities are to:

The Countryside Education Trust enables meaningful and enjoyable access to the countryside for all, particularly those who are the most disadvantaged, through excellent teaching and access to well-cared for special places.

General Activities

The charity runs diverse activities with the theme of connecting people to the countryside. We have two sites: a farm, orchard and garden surrounding a residential centre, where our offices are based; and 40 acres of managed private woodland, with treehouse classrooms, an ancient meadow and a cob cottage.

In normal times, our main activity has been residential visits by schools, charities and community organisations. For schools, groups and organisations based within an hour or so of our sites we also run day visits, covering a range of activities from farm to plate to bush craft to stream studies. All are taught in line with the requirements of the National Curriculum. More locally still, we run playgroups for children up to the age of 10, our Owls Clubs. Community events are themed on seasons to take advantage of the special characteristics of our sites and we have a wide range of rural skills courses for all ages. More recently we have added outreach sessions, including to care homes. An intern training programme and a range of volunteer activities round off a typical year.

Highlights in 2020

To say that 2020 was a challenging year would be a massive understatement. In March, with the first lockdown, the residential environmental education sector was closed down. As at the end of 2020, there is still no guidance about re-opening. Rather strangely, we sit alongside night clubs, in limbo.

As outdoor residential centres around the country close and jobs in the sector are lost, we continue to ask for clarity from the government, sector specific financial support, and an underwriting scheme which would enable schools to book with certainty, and centres to staff appropriately.

Even when we are allowed to resume activities, there is likely to be an impact on teachers’ and parents’ appetite and financial capacity to bring children away. This is particularly sad, as if the pandemic has revealed anything, it is that nature is vital to people’s emotional and physical wellbeing. People with the capacity to do so have flocked to the outdoors in unprecedented numbers, for the relief it has brought. Our work can be part of a response to some of the issues highlighted by the pandemic: inequality, alarmingly high rates of anxiety in young people in particular, and general ill health caused by the lack of opportunities in our most disadvantaged communities.

Page 2

The Countryside Education Trust

Trustees’ Report

For the year ended 31 December 2020

Notwithstanding this generally challenging picture, we have been hugely lucky in our friends. From our community supporters, local businesses, trusts and individuals we have benefited from significant support during the last months. Although very sadly indeed we have been forced to make some redundancies and to shrink our team, in the process saying good bye to some longstanding colleagues, we have been able to stay true to our mission of connecting people with the countryside and this would not have been possible without such support.

Public Benefit

The Trustees believe that the charity operates under the following sections of the Charities’ Act 2011 and has a long tradition of ensuring maximum access to its services:

Public benefit is evident in the wide variety of ages and backgrounds of people who access our services. We take seriously our commitment to ensuring that both sites are looked after to high ecological, environmental and animal welfare standards. The charity was born of a recognition that bringing people out of cities to engage with nature is worthwhile on many different levels and this belief continues to inform our work of connecting people to the countryside, which is one reason that we persist in making access affordable.

Achievements and Performance

Our mission is to ‘Connect people to the Countryside’. In spite of the complexities of 2020, we fulfilled this with a range of initiatives and activities.

Owls Clubs

We took our Owls Clubs online straightaway, and have run virtual sessions for them with ‘visits’ to the farm or woods, craft activities and storytelling, much to the relief of parents and carers, who have needed to find new ways of entertaining children unable to go to school for long periods.

Page 3

The Countryside Education Trust

Trustees’ Report

For the year ended 31 December 2020

Schools

School day visits have been possible only very occasionally, but we have encouraged them whenever guidance has eased.

Arts

As a new departure, but a way of connecting people with the countryside through the arts, we seized an opportunity to host outdoor theatre in the woods. Professional actors, led by a well-known director, ‘bubbled’ in the residential centre. They performed two Shakespeare plays to audience members in family bays marked out in the woods with logs to achieve social distancing. With careful health and safety, over 1400 people came safely through our gates. Woodland magic was made.

Online

Using the new technical knowledge acquired through our Owls work, we joined in Virtual Farm Sunday, run by LEAF. There are some benefits in being online, in that people who don’t live close by can still participate, and we will continue to do these outreach projects, even when ‘in person’ events can return.

Events

In a brief respite from lockdown we squeezed in a physical Christmas event in the woods, and it was truly celebratory to hear the children hunting for Christmas decorations in the trees. It certainly lifted everyone’s spirits.

Page 4

The Countryside Education Trust

Trustees’ Report

For the year ended 31 December 2020

Pop Up Shop

Pivoting has been a word of 2020, and we have done that with our pop-up shop. A surplus of sausages destined for the residential centre was the impetus. The shop has proved popular and has helped us to build better relationships with our community, reminding people at the same time that we are responsible farmers as well as environmentalists.

Volunteering

We managed to redesign our volunteer programme to continue to involve as many people as possible in small groups outdoors, in highly targeted activities. This was valued enormously both by our volunteers and by our staff team, who accomplished more than would have been possible with such a reduced staff. Activities included everything from coppicing to cuddling small mammals to keep them friendly for visiting children in the future to traditional haymaking in our ancient meadow. Enthusiasm did not wane, and our relationships are, if anything stronger now.

Partnerships

As outlined in last year’s report, partnership working is a theme for our future, and this year has seen a flourishing of relationships with organisations locally:

Page 5

The Countryside Education Trust

Trustees’ Report

For the year ended 31 December 2020

The Future

We are planning for the future with the expectation that we will emerge from the pandemic lean, efficient and invigorated in the knowledge that our work is highly relevant. We will be a much smaller team, but one able to deliver a wide variety of programmes, including a new emphasis on climate, focussed around the new Fort Climate Centre. We know that schools are very keen to return, and we are keen to have them; but we are also aware that there are other ways of meeting our mission, and will be making changes to ensure that we appeal to, and are equipped to serve, a wider market. This will involve, for example, making changes to the residential centre to improve bathrooms. We will start work on the sensory garden, and continue to work regeneratively on the farm, anticipating a new government emphasis. And as soon as we are able to do so, we will start working again with care homes, a project which had a promising start, but which has been impossible during the pandemic.

Principal Sources of Income

During 2020 we have been unable to earn much income at all, given the constraints on every aspect of our work. However, we have enjoyed corporate, trust, community and individual support with quite astonishing generosity and in all sorts of ways, which has been very moving. Government support via the furlough scheme has been particularly helpful in enabling us to retain key staff, and we have also benefitted from some grants directed at hospitality businesses thanks to the New Forest District Council. None of this will be easy to repeat; much of the philanthropic emphasis of the year has been on hands on emergency directed charities, for good reason, and this is not a category into which we fit. So, although we have been successful in fundraising during 2020, we must not be complacent.

Financial Review

Beyond fundraising normally, we charge for our services, though we try to keep our prices reasonable and to ensure that there is a spread through the year to enable schools from poorer areas to attend. We also earn money from weddings, rental income for our Treehouses, our residential centre for weekend and holiday use, and for a house on the farm. Obviously, most of this has been impossible for most of 2020.

Page 6

The Countryside Education Trust

Trustees’ Report

For the year ended 31 December 2020

Risks are monitored carefully and there is no doubt that continuing austerity and concerns emerging from the pandemic, hot on the heels of Brexit, may make it harder for some schools to participate. This will be partly alleviated by our work with the OWLS project, but we are keen to do our part to ensure equal access.

Reserves Policy

The Trust holds total funds of £740,429 (2019: £729,202) at the year end, of which £131,710 (2019: £113,464) are restricted. Free reserves are arrived at by adjusting for the fixed assets required to continue to operate the Trust of £606,469 (2019: £641,074). Free reserves therefore amounted to a surplus of £2,250 (2019: deficit of £22,336). Trustees aspire to three months of reserves but recognise the unusual situation of charities and the pressures they are under in current times. They appreciate 2020 has been a very difficult time for the charity financially but they believe in time they can get back to their reserves policy.

After making enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to operate in the future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Structure, Governance and Management

The charity is governed by a Trust Deed and is an Unincorporated Association. The Montagu Family is entitled to chair or be represented on the governing board as founders. No other body has the ability to be automatically represented.

Trustees are recruited through advertising and recommendation. As part of the recruitment process they receive a briefing from the CEO, a tour of both sites and are interviewed by two or three Trustees, before being appointed by the Chair on behalf of the board.

All Trustee meetings have been online since February 2020, when the Trustees approved emergency plans to carry us through the year if the pandemic materialised as we thought it might. This has limited Trustees’ involvement in person in other opportunities. We hope that this will be reversed during 2021.

Restructuring into departments and spreading the management load, so long desired, has been lost during 2020, and it is unlikely it will be restored in the near future: indeed, we may never return to that structure as we will be a smaller organisation for the foreseeable future.

However, a number of new ways of working have been born out of necessity. This has led to significant efficiencies, better use of staff time, improved technological understanding, and enhanced relationships with external contractors, especially the Beaulieu Enterprises Accounts Team. The remaining team has a high level of expertise, enthusiasm and appetite to try new things and to work in new ways. Above all there is huge commitment and energy from everyone, which has helped enormously over the past months, and will pay off going forwards.

Services are contracted out where it is cost effective, including for IT, Finance, HR and website support. Public event fundraising and weddings were mostly unable to take place: these rely on external contractors normally.

Page 7

The Countryside Educatlon Trust Trustees. Report For the year ended 31 De￿mber 2020 Trustèe5' responsibilities statement The trustees are responsible for preparlng the trustees, report and the financial statements in accordance wlth applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practicel. The law applicable to charities In England and Wales require5 the trustees to prepare financial statements for each financial year which give a trust and fair vlew of the state of affairs of the charity, and of the incoming resourcés and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting PDlici@s and then apply them consistently- observe the methods and principles in the Charities SORP,. make judgments and accounting estimates that are reasonable and prudent,. prepare the financial statements on the going concern basis unless It Is Inappropriate to presume that the charitable group wlll continue in operation. The trustees are responsible for keeping adequate accounting records Ihat are sufficient to Show and explain the charlty's transactions and disclose with reasonable accuracy at any tirne the financial position of the charity and enable them to ensure that the financial statements comply with the Charltles Act 2011. They are also responsible for safeguardlng the assets of the charlty and hence for taking reasonable stèps for the preventlDn and detection of fraud and other irreEularities. The Trustees are responsible for the maintenance and integrity of the charity and financi31 information included on the charily's website. Legislation in the United Kingdom governing the preparation and dissemlnation of financial statements may differ from legislation In otherjuri5dictions. This report was approved by the trustees on ! .1. and signed on their behalf by.. Lord Mon Beaulieu Page 8

The Countryside Education Trust

Independent examiner’s report To the trustees of Countryside Education Trust

Independent examiner’s report to the trustees of The Countryside Education Trust

I report to the trustees on my examination of the accounts of The Countryside Education Trust (the Trust) for the year ended 31 December 2020.

Respective Responsibilities of trustees and examiner

As the charity trustees of the 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 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.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of ICAEW which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable 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.

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.

Page 9

The Countryside Education Trust

Independent examiner’s report To the trustees of Countryside Education Trust

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.

Nicholas Fernyhough FCA DChA For and on behalf of Saffery Champness LLP Chartered Accountants

Midland House 2 Poole Road Bournemouth Dorset BH2 5QY

Date: 22 December 2021

Page 10

The Countryside Education Trust

Statement of financial activities For the year ended 31 December 2020

Note
Income from:
Donations and legacies
2
Charitable activities
5
Other trading activities
3,4
Other income
2
Total income
Expenditure on:
Raising funds:
Voluntary income
6
Fundraising trading
6
Charitable activities
6
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds at 1 January 2020
Total funds at 31 December
2020		 Restricted
funds
2020

£
102,942
-
-
-
102,942
-
370
84,326

84,696
18,246
113,464
131,710		 Unrestricted
funds
2020
£
129,607
59,862
14,774
112,175
316,418
17,258
13,555
292,624

323,437
(7,019)
615,738
608,719		 Total funds
2020
£
232,549
59,862
14,774
112,175
419,360
17,258
13,925
376,950

408,133
11,227
729,202
740,429		 Total funds
2019
£
165,669
317,358
54,021
-
537,048
30,294
12,205
548,471
590,970
(53,922)
783,124
729,202

All activities relate to continuing operations.

The notes on pages 14 to 29 form part of these financial statements.

Page 11

The Countryside Education Trust Balance Sheet A5 at 31 December2020 2020 2019 Note Fimed assets Tangible assets io 636,946 674,407 Current assèts Stock Debtors Cash at bank and in hand li 12 16,802 70,267 163,079 14,709 37,354 99,828 250,14E 151,891 Creditors: Amounts fallit)g due within one year 13 1146,6651 197.0961 Net current assets 103,483 54,795 Total assets less current liabilities 740,429 729,202 Net assets 740,429 729,202 Represented by: Restricted funds Unrèstricted funds 14 14 131,710 608,719 113,464 615,738 Total funds 740,429 729,202 The financial statements were approved by the trustees on . I ZLi%I and slgned on theii behalf by.. Lord Mon eaulieu Thè notes on pages 14 to 29 fDrm part of these financial statements. PaEe 12

The Countryside Education Trust

Statement of cash flows For the year ended 31 December 2020

Note
Net cash provided by/(absorbed by) operating
activities
16
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Repayments of borrowings
Net cash used in financing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents brought forward
Cash and cash equivalents carried forward		 2020
£
66,251
-
-
-
(3,000)
(3,000)
63,251
99,828
163,079		 2019
£
(54,145)
(10,027)
(10,027)
(3,000)
(3,000)
(67,172)
167,000
99,828

The notes on pages 14 to 29 form part of these financial statements.

Page 13

The Countryside Education Trust

Notes to the financial statements For the year ended 31 December 2020

1 Accounting policies

1.1 Basis of preparation of financial statements

The Countryside Education Trust is an unincorporated charity. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2019 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.

Countryside Education Trust constitutes a public benefit entity as defined by FRS 102.

1.2 Going concern

The financial statements have been prepared on the basis that the charity is a going concern. The Trustees have considered the current uncertainties and don’t believe they will impact the ability of the charity to continue its activities for the foreseeable future. They have looked at the likely timing of being able to open the centre again and believe that this along with their cash reserves means they will be able to meet their obligations going forward.

1.3 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

1.4 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Page 14

The Countryside Education Trust

Notes to the financial statements For the year ended 31 December 2020

1 Accounting policies (continued)

1.4 Income (continued)

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated to the applicable expenditure headings.

The cost of generating funds include the cost incurred in generating voluntary income and fundraising trading costs. These costs are regarded as necessary to generate funds that are needed to finance charitable activities.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services to enable the charity to meet its charitable aims and objectives. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include audit fees, legal advice for trustees and costs linked to the strategic management of the trust.

Support costs are those costs which enable the fund generating and charitable activities to be undertaken. These costs include finance, human resources, communication and professional fees. Where expenditure incurred relates to more than one cost category it is apportioned on a time or usage basis, over and above a de minimis figure.

1.6 Operating leases

Rentals under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term.

Page 15

The Countryside Education Trust

Notes to the financial statements For the year ended 31 December 2020

1 Accounting policies (continued)

1.7 Stocks

Stocks for resale are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Stocks used as part of a charitable activity are valued at fair value. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

1.8 Tangible fixed assets and depreciation

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Buildings 2-5% straight line Machinery and equipment 20% straight line Motor vehicles 25% straight line

Tangible fixed assets costing less than £500 are not capitalised and are written off in the year of purchase. All assets are examined annually for potential impairment and any material deductions in value are written down at the year end.

1.9 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

1.10 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.11 Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 16

The Countryside Education Trust

Notes to the financial statements For the year ended 31 December 2020

1 Accounting policies (continued)

1.12 Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Concessionary loans include those payable to third parties which are interest free or below market interest rates and are received to advance charitable purposes. All loans are measured at cost, less impairment as permitted by section 34 of FRS 102.

1.13 Pensions

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

2 Income from donations and legacies

Individual donors
Friends of CET
Grants
Gifts in kind
Total donations
and legacies		 Restricted
funds
2020
£
15,942
-
87,000
-
102,942		 Unrestricted
funds 2020
£
42,300
1,839
69,136

16,332
129,607
 Total
funds
2020

£
58,242
1,839
156,136
16,332
232,549		 Restricted
funds
2019
£
38,682
-
69,800
-
108,482		 Unrestricted
funds 2019
£
12,375
1,643
-
43,169
57,187		 Total
funds
2019
£
51,057
1,643
69,800
43,169
165,669

During the year, the charity received other income of £112,175 (2019: £nil) which related to monies received under the furlough scheme during the Covid-19 pandemic.

3 Activities to generate funds

Fundraising
committee activities
RHI income		 Restricted
funds
2020
£
-
-
-		 Unrestricted
funds 2020
£
3,997
(485)
3,512		 Total
funds
2020
£
3,997
(485)
3,512		 Restricted
funds
2019
£
-
-
-		 Unrestricted
funds 2019
£
18,308
3,077
21,385		 Total
funds
2019
£
18,308
3,077
21,385

Page 17

The Countryside Education Trust

Notes to the financial statements For the year ended 31 December 2020

4 Trading activities

Restricted
funds 2020
£
Charity trading
income
Hire income
-
Farm income
-
-
Charity trading
expenses
Holiday let
purchases
-
Farm purchases
370
Net income/
(expenditure)
from trading
activities
(370)
Income from charitable activities
Restricted
funds
2020
£
Primary purpose
activity:
Residential fees
-
Non-residential fees
and income
-
Total
-		 Unrestricted
funds 2020
£
-
11,262
11,262
7,449
6,106
(2,293)
Unrestricted
funds 2020
£
38,391
21,471
59,862		 Total
funds
2020
£

-
11,262
11,262


7,449
6,476
(2,293)
Total
funds
2020
£
38,391
21,471
59,862		 Restricted
funds 2019
£
-
-
-
-
200
(200)
Restricted
funds
2019
£
-
-
-		 Unrestricted
funds 2019
£
21,356
11,280		 Total
funds
2019
£
21,356
11,280
32,636 32,636
-
9,859		 -
10,059
22,777 22,577
Unrestricted
funds 2019
£
277,515
39,843
317,358		 Total
funds
2019
£
277,515
39,843
317,358

5 Income from charitable activities

Page 18

The Countryside Education Trust

Notes to the financial statements For the year ended 31 December 2020

6 Total expenditure

Current Year
Staff costs
(Note 9)
Expenditure on raising funds
Fundraising
-
Fundraising trading
-
-
Expenditure on charitable
activities
Primary purpose trade
229,025
Governance
-
229,025
Support staff costs
33,858
262,883		 Other
direct
costs
-
13,925
13,925
81,501
1,500
96,926		 Support
costs
(Note 7)
17,258
-
17,258
60,815
4,109
82,182
(33,858)
48,324		 Governance
costs
-
-
-
5,609
(5,609)
-		 Total 2020
17,258
13,925
31,183
376,950
-
408,133

Page 19

The Countryside Education Trust

Notes to the financial statements For the year ended 31 December 2020

6 Total expenditure (continued)

Prior Year
Staff costs
(Note 9)
Other
direct
costs
Expenditure on raising funds
Fundraising
-
-
Fundraising trading
-
12,205
-
12,205
Expenditure on charitable
activities
Primary purpose trade
245,888
187,370
Governance
-
1,250
245,888
200,825
Support staff costs
101,183
347,071

Support costs
Costs of
generating
voluntary
income
£
Office costs
10,148
Staff costs
7,110
17,258		 Prior Year
Staff costs
(Note 9)
Other
direct
costs
Expenditure on raising funds
Fundraising
-
-
Fundraising trading
-
12,205
-
12,205
Expenditure on charitable
activities
Primary purpose trade
245,888
187,370
Governance
-
1,250
245,888
200,825
Support staff costs
101,183
347,071

Support costs
Costs of
generating
voluntary
income
£
Office costs
10,148
Staff costs
7,110
17,258		 Support
costs
(Note 7)
30,294
-		 Governance
costs
-
-
-
8,463
(8,463)
-
Governance
2020
£
1,693
2,416
4,109		 Total 2019
30,294
12,205
30,294 42,499
106,750 548,471
7,213 -
144,257
(101,183)		 590,970
Total 2020
£
47,601
34,581
43,074
Primary
purpose
trading
£
35,760
25,055
60,815
82,182

7 Support costs

Page 20

The Countryside Education Trust

Notes to the financial statements For the year ended 31 December 2020

7 Support costs (continued)

Prior Year
Office costs
Staff costs		 Costs of
generating
voluntary
income
£
9,046
21,248
30,294		 Primary
purpose
trading
£
31,875
74,875
106,750		 Governance
2019
£
5,059
2,154
7,213		 Total 2019
£
45,980
98,277
144,257

8 Net incoming resources

This is stated after charging:

This is stated after charging:
2020 2019
£ £
Depreciation of tangible fixed assets 37,461 38,964
Independent examiner’s fee 1,800 1,800
Operating lease rentals 5,667 5,667

9 Staff employment costs

Staff costs were as follows:

Wages and salaries
Social security costs
Other pension costs		 2020
£
245,858
14,734
2,291
262,883		 2019
£
339,597
5,371
2,103
347,071

The average number of persons employed by the charity during the year was as follows:

2020 2019
Number Number
17 20

No employee received remuneration amounting to more than £60,000 in either year.

Key management personnel received remuneration and benefits totalling £32,475 (2019: £39,900) and pension contributions of £2,598 (2019: £2,773).

Page 21

The Countryside Education Trust

Notes to the financial statements For the year ended 31 December 2020

10 Tangible fixed assets

Cost
At 1 January 2020
Additions
Disposals
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
Eliminated on Disposal
At 31 December 2020
Net book value
At 31 December 2020
At 31 December 2019		 Buildings
Machinery and
equipment
£
£
948,624
285,104
-
-
(1,907)
(65,114)
946,717
219,990
372,206
193,117
15,602
15,857
(1,907)
(65,114)
385,901
143,860
560,816
76,130
576,418
91,987		 Motor
vehicles
£
60,467
-
(4,827)
55,640
54,465
6,002
(4,827)
55,640
-
6,002		 Total
£
1,294,195
-
(71,848)
1,222,347
619,788
37,461
(71,848)
585,401
636,946
674,407

11 Stock

Stock

2020 2019
£ £
16,802 14,709

Page 22

The Countryside Education Trust

Notes to the financial statements For the year ended 31 December 2020

12 Debtors

Trade debtors
Other debtors		 2020
£
51,243
19,024
70,267		 2019
£
23,896
13,458
37,354

13 Creditors: Amounts falling due within one year

Loan
Trade creditors
Other taxation and social security
Other creditors and accruals
Deferred income		 2020
£
-
24,700
19,983
8,936
93,046
146,665		 2019
£
3,000
14,492
2,847
22,091
54,666
97,096

Page 23

The Countryside Education Trust

Notes to the financial statements For the year ended 31 December 2020

14 Statement of funds

Statement of funds – current year
At 1 January
2020
£
Designated funds – fixed assets
502,109
General funds
General funds
113,629
Total unrestricted funds
615,738
Restricted funds
Biomass Project Fund
20,000
City Kids Out Fund
2,000
Minibus Fund
2,609
Signage of Site Fund
1,432
Livestock Fund
-
Sensory Trail Project Fund
23,948
Education Manager Fund
35,639
Bird Trail Fund
9,060
Volunteer Interns Fund
39
Climate Change Centre
146
Climate Change Centre
4,272
Year of Green Action
300
Farm & Community Assistant
11,667
Education Officer
-
21st Birthday Celebration
250
Green Wood-Working Programme
250
Linen Purchase
370
Pigsty & Minibus
400
Environmental Education Intern
1,000
Treehouse Tools
82
Outreach
-
Refurbishment of Residential
Centre
-
The OWL Collaboration
-
113,464
Total funds
729,202		 Incoming
resources
£
-
316,418
316,418
-
-
2,100
-
12,350
-
-
-
-
2,907
-
-
-
20,000
-
-
-
-
2,500
-
16,085
12,000
35,000
102,942
419,360		 Resources
expended
£
(15,147)
(308,290)
(323,437)
(1,250)
(2,000)
(2,609)
(1,432)
(7,156)
-
(35,639)
(2,999)
(39)
(3,053)
(949)
(300)
(10,000)
(15,000)
(500)
-
(370)
(400)
(1,000)
-
-
-
-
(84,696)
(408,133)		 Transfers
in/out
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
250
(250)
-
-
-
-
-
-
-
-
-		 At 31
December
2020
£
486,962
121,757
608,719
18,750
-
2,100
-
5,194
23,948
-
6,061
-
-
3,323
-
1,667
5,000
-
-
-
-
2,500
82
16,085
12,000
35,000
131,710
740,429

Page 24

The Countryside Education Trust

Notes to the financial statements For the year ended 31 December 2020

14 Statement of funds (continued)

Statement of funds – prior year
At 1 January Incoming Resources Transfers At 31
2019 resources expended in/out December
2019
£ £ £ £ £
Designated funds – fixed assets 518,206 - (16,097) - 502,109
General funds
General funds 145,099 428,566 (460,036) - 113,629
Total unrestricted funds 663,305 428,566 (476,133) - 615,738
Restricted funds
Biomass Project Fund 21,250 - (1,250) 20,000
City Kids Out Fund 2,000 - - - 2,000
Minibus Fund 15,439 - (12,830) - 2,609
Refurbishment Fund 1,432 - - - 1,432
Livestock Fund 35 - (35) - -
Sensory Trail Project Fund 24,382 1,100 (1,534) - 23,948
Education & Farmers Salaries Fund 44,424 49,500 (58,285) - 35,639
Bird Trail Fund 9,530 - (470) - 9,060
Volunteer Interns Fund 922 - (883) - 39
Climate Change Centre 405 28,465 (28,724) - 146
Year of Green Action - 300 - - 300
Farm & community assistant - 15,000 (3,333) - 11,667
Cobb Cottage Restoration - 5,100 (5,100) - -
21st Birthday Celebration - 250 - - 250
Green Wood-Working Programme - 250 - - 250
Linen Purchase - 370 - - 370
Pigsty & Minibus - 400 - - 400
Home Farm Improvements - 150 (150) - -
Bedding - 200 (200) - -
Environmental Education Intern - 1,000 - - 1,000
Food & Wine - 1,000 (1,000) - -
Treehouse Tools - 250 (168) - 82
Weather Station - 4,747 (475) - 4,272
Rental Cottage Cooker - 400 (400) - -
119,819 108,482 (114,837) - 113,464
Total funds 783,124 537,048 (590,970) - 729,202

Page 25

The Countryside Education Trust

Notes to the financial statements For the year ended 31 December 2020

14 Statement of funds (continued)

Summary of funds – current year
At 1 January
2020
£
Designated funds
502,109
General funds
113,629
615,738
Restricted funds
113,464
729,202
Summary of funds – prior year
At 1 January
2019
£
Designated funds
518,206
General funds
145,099
663,305
Restricted funds
119,819
783,124		 Incoming
resources
£
-
316,418
316,418
102,942
419,360
Incoming
resources
£
-
428,566
428,566
108,482
537,048		 Resources
expended
£
(15,147)
(308,290)
(323,437)
(84,696)
(408,133)
Resources
expended
£
(16,097)
(460,036)
(476,133)
(114,837)
(590,970)		 Transfers
in/out
£
-
-
-
-
-
Transfers
in/out
£
-
-
-
-
-		 At 31
December
2020
£
486,962
121,757
608,719
131,710
740,429
At 31
December
2019
£
502,109
113,629
615,738
113,464
729,202

Designated funds

The fixed asset designated fund has been set up to reflect those assets held by the charity that were acquired previously with restricted funds, principally the refurbishment and development of the New Forest Study Centre, and improvements at the Out of Town Centre.

Restricted revenue funds descriptions

The Biomass Project fund is to contribute towards the funding of a Biomass boiler.

The City Kids Out fund is to support visits of disadvantaged children from Hampshire.

The Minibus fund is to help towards the purchase of a new minibus and signage.

The Signage of Site Fund is to fund the purchase of teachers’ beds and new signage for the sites.

The Sensory Trail Project Fund is to contribute towards the Sensory Trail Project.

Page 26

The Countryside Education Trust

Notes to the financial statements For the year ended 31 December 2020

14 Statement of funds (continued)

The Education Manager Fund is to assist with the salaries of farmer and education manager.

The Livestock fund is to contribute towards the purchase of livestock.

The Bird Trail Fund is to contribute towards the building of a bird trail and hide for bird watching, together with associated display boards and cameras.

The Volunteer Interns Fund is to assist with the costs related to hiring Volunteer Interns.

The Climate Change Centre Funds contributed towards the cost of purchasing weather stations situated at the Treehouse and the Residential Centre.

The Farm & Community Assistant Fund is to help towards the salary of a part-time Farm & Community Assistant for 18 months.

The Education Officer fund is to assist with the salary of the education officer.

The Cobb Cottage Restoration Fund is to contribute towards the restoration of Cobb Cottage.

The Environmental Intern Fund is to support five individuals on the Environmental Education Internship programme.

The Food & Wine Fund is a donation to contribute towards the cost of food and wine for the ‘Chef’s night’ fundraising dinner.

The Outreach fund is to support a local community farming project.

The Refurbishment of Residential Centre fund is to support upcoming maintenance work to the residential centre.

The OWL Collaboration fund is a four year project aimed at disadvantaged young people enabling them to experience high quality residential Outdoor Weeks of Learning (OWLs.)

Other restricted funds are for various projects as outlined in the names of the funds above.

15 Analysis of net assets between funds

Analysis of net assets between funds – current year

Fixed assets
Current assets
Creditors due within one year		 Restricted
funds 2020
£
30,477
101,233
-
131,710		 Designated
funds 2020
486,962
-
-
486,962		 Unrestricted
funds 2020
£
119,507
148,915
(146,665)
121,757		 Total funds
2020
£
636,946
250,148
(146,665)
740,429

Page 27

The Countryside Education Trust

Notes to the financial statements For the year ended 31 December 2020

15 Analysis of net assets between funds (continued)

Analysis of net assets between funds – prior year

Fixed assets
Current assets
Creditors due within one year		 Restricted
funds 2019
£
33,333
80,131
-
113,464		 Designated
funds 2019
£
502,109
-
-
502,109		 Unrestricted
funds 2019
£
138,965
71,760
(97,096)
113,629		 Total funds
2019
£
674,407
151,891
(97,096)
729,202

16 Reconciliation of net movement in funds to net cash flow from operating activities

Net income/(expenditure) for the year
Adjustment for:
Depreciation charges
Gifts in kind – donated assets
(Increase)/decrease/ in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by operating activities
ysis of cash and cash equivalents
Cash in hand		 2020
£
11,227
37,461
-
(2,093)
(32,913)
52,569
66,251
2020
£
163,079		 2019
£
(53,922)
38,964
(35,362)
1,464
32,134
(37,423)
(54,145)
2019
£
99,828

17 Analysis of cash and cash equivalents

18 Pension commitments

The charity participates in a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £2,291 (2019: £2,103). Contributions totalling £366 (2019: £353) were payable to the fund at the balance sheet date and are included in creditors.

Page 28

The Countryside Education Trust

Notes to the financial statements For the year ended 31 December 2020

19 Operating lease commitments

At 31 December 2020 the total of the Charity’s future minimum lease payments under non-cancellable operating lease payments was:

Amounts payable:
Within 1 year
Between 1 and 5 years
After more than 5 years
Total		 Land and buildings
2020
2019
£
£
5,667
5,667
19,204
19,204
224,434
229,235
249,305
254,106		 Other
2020
2019
£
£
783
-
1,761
-
-
-
2,543
-		 Other
2020
2019
£
£
783
-
1,761
-
-
-
2,543
-
-

20 Trustees

No Trustee or closely connected person received emoluments from the charity and no expenses were reimbursed to Trustees during the year.

During the year the charity provided Trustee indemnity insurance to cover all its trustees at a cost of £1,500 (2019: £nil).

21 Related party transactions

During the year the charity entered into the following transactions with connected parties.

Beaulieu Enterprises Limited ('BEL') a company in which one of the directors was also Trustee of the charity.

Recharged services provided by BEL amounted to £24,237 (2019: £25,928).

Recharged services provided to BEL amounted to nil (2019: £446)

At the year end the balance owed by the charity to BEL amounted to £22,261 (2019: £1,419).

Lord Montagu - A Trustee of the charity

During the year the trust leased all leasehold properties from the private estate of Lord Montagu. The rentals payable on these properties for the year were £1,800 (2019: £10,552).

The charity also paid £nil (2019: £329) for other services provided by the private estate of the Lord Montagu. At the year end the balance owed by the charity to Lord Montagu amounted to £nil (2019: £1,154).

22 Control

The charity is controlled by its Trustees acting in accordance with the terms of the governing trust deed.

Page 29

Restoring the Cob Cottage for its’ 22[nd] birthday with volunteers!

For more information about our work, please contact

mail@cet.org.uk www.cet.org.uk #CETnewforest 01590 612401