Charity No. 269546 Countryside Education Trust (Charity No.269546) Trustees, report and financial statements for the year ended 31 December 2021 Connecting People with the Countryside
The Countryside Education Trust Legal and administrative information For the year ended 31 December 2021 Page Legal and administrative inforrnation Trustees, report Independent examinerfs report io-ii Statement of financial activitles 12 Balance sheet 13 Statement of cash flows 14 Notes to the financial statements 15-31
The Countryslde Education Trust Legal and administrative information For the year ended 31 December 2021 Trustees Lord Montagu of Beaulieu, Chair A Moore-Gwyn D Olden R Channell NBurt V Humber Iresigned 11 October 20211 D Printer, Oeputy Chair M Wade K Burwood (appointed 8 July 20221 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 S042 7ZN Independent Examlners Saffery Champness LLP Chartered Accountants Midland House 2 Poole Road Bournemouth BH2 5QY Bankers Barclays Bank PIC 4, Floor, Block A Apex Plaza Forbury Road Reading RGI IAX Page I
The Countryside Educatlon Trust Trustees, Report For the year ended 31 December 2021 Objectives of the Countryside Education Trust The Countryside Education Trust12695461 was founded in 1975. It5 objectives and activities are to: Provide or promote the provision of facilities so that the public and young people in particular, can gain access to the countryside, especially the Beaulieu Estate and the New Forest: and that they can both enjoy and be educated about the countryside,. Protect, preserve and care for the beauty and character of the countryside and to stimulate the general public to do the same Conserve the New Forest for the benefit of the public, including the restoration and preservation of buildings of national, historic or scientific interest. A lone explorer Our Mission 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. We connect people with the countryside. Mainly, we connect people with the countryside because it is good for everyonel Research conclusions from a wealth of studies emphatically illustrate that exposure to nature is good for all age groups and people from all backgrounds. There are many barriers to ensuring equality of access, which has always been one of our fundamental principles. We know, for example, that those who live in the most deprived areas are the least able to benefit from engagement with the natural environment. Children living in the most deprived areas are less likely to 5peNd time outside once a week161%1 than those in the most affluent areas181%1. 2.69 million people in the UK do not live within 10 minutes, walk of a green space and 11 million people Sn England live in areas with le55 than 9 square metres of public green space per per50n.. 42% of people from ethnic minorities live in the most @reen-space deprwed area5. Many families without a history of engagement feel that the countryside is not for them, that they do not have any right to participate,. and sometimes there is a fear of the unknown, with Page 2
The Countryside Educatlon Trust Trustee5' Report Fortheyear ended 31 December 2021 disproportionate worries about risk5 in the outdoors. Finances and time are constraints, where often equipment and travel c05t5 need to be counted on top of any activities. Whilst the pandemic has highlighted the real human desire for spaces rich in natural capital, research has also revealed the benefits of spending time5. A study of nearly 20,000 UK adults discovered that people who had Spent at least 2 hours in nature (broadly defined) the previous week reported significantly greater health and wellbeing than those who had not. A survey of 30,000 children showed that adolescents with a connection to nature had 25% fewer mental health problems. A visit to the countryside inspired kindness and empathy in vounger children at a much greater rate than a visit to an aviation museum. Improved pro-environmentsl behaviours, better physical health, faster cognitive development, improved feelings of wellbeing, enhanced nderstanding of risk and Ereater social connections 311 arise from time outdoors; the list goes on. At the same time, we teach people that such benefits require reciprocal responsibility,. caring for and conserving nature and encouraging others to do the same is central to our work. We need to balance the desire to ensure equal acce55 to the countryside with a need to ensure that the countryside is not damaged in the process. And while we engage with all age groups, we wholeheartedly agree with Sir David Attenborough that.. 'If children don't grow up knowing about nature, they won't understand it. And if they don't understand it, they won't protect it,. School children animal feeding Page 3
The Countryside Education Trust Trustees, Report For the year ended 31 December 2021 Public Benefit The Trustee5 believe that the charity operate5 under the following section5 of the Charities, Act 2011 and has a long tradition of ensuring maximum access to its services.. The advancement of education The advancement of environmental protectSon or improvement The advancement of citizenship or community development The advancement of the arts, culture, heritage or sclence Public benefit is evident in the wide variety of ages and background5 of people who access our services. We continually strive to make access fair and affordable. We take seriously our commitment to ensuring that both sites are looked after to hiEh ecological, environmental and animal welfare standards. Volunteer5 ragwort pulling Activltles The Countryside EdLJcation Tryst's ofpices are at Home Farm. Here we have a smallholding, orchard and garden surrounding our residential centre. Our second site, in Hartford Wood. comprises 40 aCfe5 of managed private woodland, with treehouse classrooms, an ancient meadow and a cob cottage. Though small, these 51te5 provide a range of habitats and learning opportunitie5, complemented by OLÈr wider situation based on the Beaulieu Estate, within the New Forest and close to the coast. We run resldential visits for schools, charities, community organisations and family groups. We also run dav V151ts for schools, groups and organisètions based within an hour or so of our sites. We cover a range of activities from farming related work to teambuilding to conservation principles. All school se55ions are taught in line with the requirements of the National Curriculum. More locally still, we hold playgroups for children up to the age of 11 lour Owls Clubs) and an after-school club. Our wider community events have also been curtailed by the pandemic, but we focus thern to take advantage of the special characteristics of our sites and the seasons. Finally, we teach a wide range of rural skills courses for all ages from birdwatching to coppicing. Page 4
The Countryside Education Trust Trustees. Report For the year ended 310ecember 2021 ."> A flush of woodland flowers after coppicing Achievements and Performance 2021 2021 remained a year of challenges, wlth uncertain njles around re-openin& public fear, ongoing financial constraints. However, we managed some successes. The Return to Residentiols We managed to be flexible around day visits, runninE them when they were p055ible, but residentials take an enormous amount of planning, resourcing and risk management for schools, and the government's late decision over Easter 2021 that they could start up again was too late for the summer term. In September, therefore, we finally opened the doors of the residential centre to schools once again. It was a special joy to welcome our first school for nearly 18 months and an emotional moment a5 the coach drove up full of cheering children. It has been wonderful to hear children on the farm or in the woods, staying in the residential centre, or just visiting for the day. We discharged the bulk of our postponed visits in the run up to Christmas. as most of our schools chose to postpone their visits la little longerthan originally planned) rather than cancel. We remain hugely grateful for that vote of confidence.. it meant a lot at a time when other ntreS were closing that our customers believed in us. While this element of our work is up and running again, we have realised the risk of overdependency and the additional costs of trying to run a fully catered centre all year round. As a result, we are operating in a significantly different way, with greater use of external suppliers to ensure flexibility. We are also seeking other opportunities to ensure that the spate is used as much as possible notwithstanding ongoing uncertaintv about covid and a looming cost of living crisis. The Outdoor Weeks of Learning- the OWLS Collaboration We were chosen to be part of the inaugural Collaboration for this project developed by the Ernest Cook Trust. It aims to provide evidence-based research on the value of outdoor, and in particular, farm-ba5ed education, for children. Schools characterised as having disadvantaged pupi15 for a wide range of reasons visit for free and we are funded to work with the young people who otherwise may never have the opportunity to visit the countryside. We hosted our first 60 children just before Christmas. We are very honoured to have been selected, and look forward to the scheme's development. Thi5 is very much where the Countryside Education Trust started in 1975, with an ambition to bring children out of cities. Our aim is to take parents with us on the journey, so that the value of this kind of opportunity becomes apparent to everyone involved, and we have funding for 4 years. Page 5
The Countryside Education Trust Trustees. Report For the year ended 310ecember 2021 Pond dipping Blue ond Green Horizons Pmject As part of a wider Collaboration we managed to attract £68,500 of funding from the National Heritage Lottery Fund to support our climate work for 18 months. This not only helped to protect existing team members, albeit with a different remit, it also added a new Climate and Environment Assistant to the team. Partnerships were part of our plans in 2020 and In the Green and Blue Horizon5 Projert, we are working with the Living Waters Habitat Trust, the Commoners, Defence Association, the New Forest National Park, and the Wildlife Trust. Fort Climcyte Centre The Fort Foundation's support for our new Fort Climate Centre continues, and It will be ready in 2022 to receive all sorts of groups to learn about climate change and its mitigations locally and globally. Afterschool Club A new addition during the pandemlc was an after-school club. Children from Beaulieu Sthool came along to help out on the farm, learn about gardening and generally have a fun end to their school day. Having learned sheep handlin& some of the children have even ended up as prize winners at the Gillingham and Shaftesbury and Frome shows. As a way of extending our programme of introducing children from non-farming families to the joys of an agricultural show, which we began in 2019, this has been an excellent initiative. Evie (Evenstarl our bonus foal Page 6
The Countryside Education Trust Trustees. Report For the year ended 31 Dember 2021 Commoning As commoners we have the capacity to run livestock on the New Forest. We pannaged pigs (put them onto the forest to eat surplus acorns which are poisonous to other animals, the right of mast) and had the surprise of a foal from a very elderly mare. Commoning keeps us in touch with the wider community in the New Forest, and provides our visitors with an insight into this unusual ancient form of farming. Harvesting leeks lor the Farmers, Market Volunteers We are well supported by volunteers and In 2021 Oltr volunteers outdid themselves. A serious working party stripped the roof of our smallertreehouse 50 that roofers could install a new roof, saving thousands of pounds which we certainly didn't have. Other5 helped with gardening, fencing, haymakin& installing non-slip routes at the Treehouses, sheep handling, apple picking. replacing a pond-dipping platform and working in the office. Some volunteers come every week, others once a year, but all are valued. Occasional weekend sessions, and the ability for young adults and children to volunteer accompanied by parents orguardians means that we can appeal to a wider range of supporters. The Future We are planning for the future, knowing that although we are a much smaller team, we are able to deliver a wide variety of programmes. Our new emphasis on climate will complement ongoing changes in our education programme, our conseNation plan5 and our farming. We know that schoots are very keen to return, and we are keen to have them,. but we are also aware that there are other way5 of meeting our mission, and will be making changes to ensure that we appeal to, and are equipped to serve, a wider market, with a view to providing a more stable platform to Safeguard against future shock5. A new Strategic plan will be drawn up in 2022, and this will also enable us to put in more measures so that we can assess the work we do in a more objective way. Measurement of outcomes is also becoming increasingly important to funders. Principal Sources of Income 2021 saw an ongoing reliance on public fundin& which eventually wound down with the end of furlough financing, although we did receive further hospitality grant support from the New Forest District Council. Schools returned from the autumn, but we were largely honouring delayed bookings. Our rare breeds are PaEe 7
The Countryside Education Trust Trustees, Report For the year ended 31 De¢ember 2021 generally sold as livestock, and farm and garden produce offset5 some of the costs of these elements of our work,. we sell that and volunteer made produce at the local farmers, market and at a pop up shop at Home Farm. From the surnmer onwards, we were able to hold delayed weddings. which represent an important part of our funding. We have also had good success latterly in renting out the residential centre and our self- catering cottage, which has been a very helpful source of income. Fundraising has been, and will continue to be, vital. While we have had particularly good success with major gifts, we also need to develop our community fundraising, in the future. Our rllost unusual donation thi5 year wa5 the loan of a bull, resulting In our first homemade Dexter calf. Financially, the future remains uncertain, wlth the spiralling cost of living moving school trips out of the reach of more parents. We will try to keep our prices down and continue to seek funding for subsidised or free places. Risks are monitored, but as we have seen are not easy to predirt. High on our list is the pressure the cost of living will put on families, ability to pay for residentials, and the increased costs of food, animal food and fuel required for running our operations. For a small charity we have a lot of overheads from our properties and the maintenance requirements of over 60 acres of land. ReseNes Pollcy The Trust holds total funds of £775,02012020: £740,429) at the year end, of which £172,97912020.' £131,710) are restricted. Free reserves are arrived at by adjusting for the fixed assets required to continue to operate the Trust of £593,738 12020.. £606,469). Free reserves therefore amounted to a surplus of £8,303 12020: £2,250). Trustees aspire to three months of resetves but recognise the unusual situation of charities and the pressures they are under in current times. They appreciate 2021 has been a very difficult time for the charity financially but they believe in time they can get back to their reseNes 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 Ss an Unincorporated A550ciation. The Montagu Farnily 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 advertlsing and recommendation. As part of the recruitment proce55 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. Trustee meetings were online for the bulk of 2021. 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 normallv. Page 8
The Countryside Education Trust Trustees, Report For the year ended 31 December 2021 Trustees, responsibilities statement The trustees are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prarticel. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity, and of the incoming resources and application of re50ur¢es of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistentlv; obseNe the methods and principles in the Charitie5 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 will continue in operation. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensijre that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in otherjurisdictions. This report was approved by the trustees on 2&10.%l%.oA2and signed on their behalf by.. Lord Mo of Beaulieu Page 9
The Countryside Education Trust Independent examinerfs report To the trustees of Countryside Education Trust Independent examinerfs 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 Ithe Trust) for the year ended 31 December 2021. Rèspective Responsibllitie5 of trustees and examiner As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirement5 of the Charities Act 20111'the Att'l. 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 14515llbl of the Art. Basis of independent examinerfs report My examination was carried out in accordance with the general Direction5 given by the CharTty 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 matter5. 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 l am qualified to undertake the examination because l 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 wilh the examination giving me cause to believe.. l. 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 IAccDunts 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 Staternent of Recommended Practice for accounting and reporting by charities. Page 10
The Countryside Educatlon Trust Independent emamlner'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. Nichola5 Fernyhough FCA DChA For and on behalf of Saffery Champness LLP Chartered Accountants Midland House 2 Poole Road Bournemouth Dorset BH2 5QY Date.. 8 September 2022 Page 11
The Countrysrde Education Trust Statement of financial activities For the year ended 31 December 2021 Re5tYicted funds 2021 Unrestricted fund5 2021 Total funds 2021 Total funds 2020 Note Income from: Donations and legacies Charitable activities Other trading activities Other income 113,444 8,852 87,791 38,801 109,275 122,296 87,791 38,801 109,275 232,549 59,862 14,774 112,175 Total income 113,444 244,719 358,163 419,360 Expenditure on: Raising funds-. Voluntary income Fundraising trading Charitable activities 14,151 15801 265,826 14,151 4,401 305,020 17,258 13,925 376,950 4,981 39,194 Total expenditure 44,175 279,397 323,572 408,133 Net income before transfers 69,269 134,6781 34,591 11,227 Transfers between fvnds 128,0001 28,000 Net movement offunds 41,269 16,6781 34,591 11,227 Reconciliation of fund5: Total funds at l January 2021 131,710 608,719 740,429 729,202 Total funds at 31 December 2021 172,979 602,041 775,020 740,429 All activities relate to continuing operation5. The notes on pages 15 to 31 form pèrt of these financial staternents. Page 12
The Countryside Education Trust Balance sheet As at 31 December 2021 2021 2020 Note Fixed assets Tangible assets io 616,431 636,946 Current assets Stock Debtors Cash at bank and in hand li 12 17,474 99,796 158,838 16,802 70,267 163,079 276,108 250,148 Creditors: Amounts falling due wlthln one year 13 172,5191 1146,6651 Net current assets 203,589 103,483 Creditors.. Amounts falling due after more than one year 14 145,0(X)I Net assets 775,020 740,429 Represented by: Restricted funds Unrestricted funds 15 15 172,979 602,041 131,710 608,719 Total funds 775,020 740,429 The financial statements were approved by the trustees on %..¢/r.j]2ozL and signed on their behalf bv.. Lord Monta u of Beaulieu The notes on page5 15 to 31 form part of these financial statements. Page 13
The Countryslde Education Trust Statement of cash flows For the year ended 31 December 2021 2021 2020 Note Net cash (absorbed byllprovided by operatlng activities 17 147,3691 66,251 Cash flows from investing a¢tivitie5 Purchase of tangible fixed assets 19.8721 Net cash used in investlng activities 19,8721 Cash flows from financing artivitie5 Repayments of borrowings Loan advances 13,0001 53,000 Net cash used in financing activlties 53,000 13,0001 Change in cash and ¢ash equivalents in the reporting period Cash and cash equivalents brought forward Cash and cash equivalents Carrled forward 14,2411 63,251 163.079 99,828 158,838 163,079 The notes on pages 15 to 31 forrn part of these financial statement5. Page 14
The Countryside Education Trust Notes to the financial statements For the year ended 31 December 2021 Accounting policies 1.1 Basis of preparation of finan¢ial 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 Prè¢tice= Accounting and Reporting by Charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and ftepublic of Ireland IFRS 1021 effective l January 2019 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 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 ba51S that the charity is a going concern. The Trustees have considered the current uncertainties and do not believe they will impact the ability of the charity to continue it5 activitie5 for the foreseeable future. They have looked at the likely timing of being able to open the centre again and believe that thi5 along with their cash reserves means they will be able to meet their obligations going forward. 1.3 Fund accounting General fund5 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 purpose5. Designated funds comprise unrestricted funds that have been set aside by the tnjstees 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 15 set out in the note5 to the financial statements. 1.4 Income All income is recognised once the charily 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 15
The Countryslde Education Trust Notes to the finan¢lal statements For the year ended 31 December 2021 Accounting policies Icontinuèdl 1.4 Income Icontinuedl 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 executorlsl 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 15 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 recogni5ed 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 statement5 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 15 a legal or constructive obligation tD make payment to a third partv, 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 5UPPOrt 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 charitèble activities. Charitable expenditure comprises those cost5 incurred by the charity in the delivery of its activities and services to enable the charity to meet its charitable aim5 and objectives. It include5 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 advicefortrustees and cost5 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 usège basis. over and above a de minimis figure. 1.6 Operatlng leases Rentals under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term. Page 16
The Countryslde Education Trust Notes to thè financial statements For the year ended 31 December 2021 l Accounting policlès Icontinuedl 1.7 Stocks Stocks for resale are valued at the lower of cost and net realisable value after making due allowance for obsolete and 51ow-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 Machlnery and equipment 2-5% stralght line 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 dedurtion5 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 8ank. 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. 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. Page 17
The Countryside Education Trust Notes to the financial statements For thè year ended 31 December 2021 l Accounting policies Icontinuedl 1.13 Penslons 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 legacie5 Restricted funds 2021 Unrestricted funds 2021 Total funds 2021 Restricted funds 2020 Unrestricted funds 2020 Total funds 2020 Individual donor5 Friends of CET Grants Gifts in kind 1,807 7,630 1,222 9,437 1,222 111,637 15,942 42,300 1,839 69,136 16,332 58,242 1,839 156,136 16,332 111,637 87,000 Total donations 113,444 8,852 and legècie5 122,296 102,942 129,607 232.549 During the year, the charity received other income of £107,07512020.. £112,175) which related to monies received under the furlough scheme during the Covid-19 pandemic. £2,20012020: £nill relates to insurance income. 3 Activities to generate fund5 Restricted funds 2021 Unrestricted funds 2021 Total funds 2021 Restricted funds 2020 Unrestricted funds 2020 Total funds 2020 Fundraising committee activities RHI income 1,312 1,312 3,997 3,997 14851 14851 1,312 1,312 3,512 3,512 Page 18
The Countryside Education Trust Note5 to the flnancial statements For the year ended 31 December 2021 4 Tradlng activities Restricted funds 2021 Unrestricted funds 2021 Total fvnds 2021 Restrirted funds 2020 Unrestricted funds 2020 Total funds 2020 Charlty trading income Farm income Wedding income 9,418 28,701 37,489 9,418 28,701 37,489 11,262 11,262 11,262 11,262 Charity trading expenses Holiday let purchases Wedding purchases Farm purchases 19621 19621 7,449 7,449 382 382 4,981 4,981 370 6,106 6,476 Net incomel lexpenditurel from trading activities 14,9811 9,998 5,017 13701 12,2931 12,6631 5 Income from charltable activities Restricted funds 2021 Unrestricted funds 2021 Total funds 2021 Restricted funds 2020 Unrestrirted funds 2020 Total funds 2020 Primary purpose artivity.. Residential fees Non-residential fees and income 60,978 26.813 60,978 26,813 38,391 21,471 38,391 21,471 Total 87,791 87,791 59,862 59,862 Page 19
The Countryside Education Trust Notes to the financial statements For the year ended 31 December 2021 6 Total expenditure Current Year stsff costs (Note 91 Other direct Costs Support costs (Note 71 Governance costs Total 2021 Expenditure on raising funds Fundraising Fundraising trading 14,151 14,151 4,401 4,401 4,401 14,151 18,552 Expenditure on charitable activities Primary purpose trade 153,568 95,217 49,866 6,369 305,020 Governance 3,000 3,369 16,3691 153,568 102,235 67,386 323,572 Support staff costs 30,224 130,2241 183.792 37,162 Page 20
The Countryslde Education Trust Notes to the financial statements For the year ended 31 Dècember 2021 6 Total expenditure (continued) Prlor Year Staff costs (Note 91 Other dlrect costs Support costs (Note 71 Governance costs Total 2020 Expenditure on raising funds Fundraising Fundraising trading 17,258 17,258 13,925 13,925 13,925 17,258 31,183 Expenditure on charitable activities Primary purpose trade 229,025 81,501 60,815 5,609 376,950 Governance 1,500 4,109 15,6091 229,025 96.926 82,182 408,133 Support staff costs 33,858 133,8581 262,883 48,324 7 Support costs Costs of generating voluntary income Primary purpose tradin8 Governance 2021 Total 2021 Office costs Staff costs 7,804 6.347 27,501 22,366 1,857 1,511 37,162 30,224 14,151 49,867 3,368 67,386 Page 21
The Countryside Education Trust Notes to the financial statements For the year ended 31 December 2021 7 Support costs Icontinuedl Prior year Costs of generating voluntary income Primary purpose trading Governance 2020 Total 2020 Office costs Staff costs 10,148 7,110 35,760 25,055 1,693 2,416 47,601 34,581 17,258 60,815 4,109 82,182 8 Net Incoming resources This is stated after charging: 2021 2020 Depreciation of tangible fixed assets Independent examiner's fee Operating lease rentals 30,386 1,800 5,667 37,461 1,800 5.667 9 Staff employment costs Staff costs were as follows- 2021 2020 Wages and salaries Social security costs Other pension costs 170,368 11,568 1,856 183,792 245,858 14,734 2,219 262,883 The average number of persons employed by the charity during the year was as follow5.. 2021 Number io 2020 Number 17 No employee received remuneration amounting to more than £60,000 in either year. Key management personnel received remuneration and benefits totalling £33,84212020.' £32,475) and pension contribution5 of £2,70712020: £2,5981. Page 22
The Countryside Educatlon Trust Notes to the financial statements For the year ended 31 December 2021 10 Tangible fixed assets Building5 Machinery and equlpment Motor vehicles Total Cost At l January 2021 946,717 219,990 55,640 1,222,347 Additions 9,872 9,872 Disposals 162,5811 162,5811 At 31 December2021 884,136 229.862 55,640 1,169,638 Depreciation At l January 2021 385,901 143,860 55,640 585,401 Charge for the year 21,199 9,187 30,386 Eliminated on Disposal 162,5801 162,5801 At 31 December 2021 344,520 153,047 55,640 553,207 Net book value At 31 December 2020 560.816 76,130 636,946 At 31 Decemher 2021 539,616 76,815 616,431 11 Stock 2021 2020 Stock 17,474 16,802 Page 23
The Countryside Edutatlon Trust Notes to the financial statements For the year ended 31 December 2021 12 Debtors 2021 2020 Trade debtors other debtors 45,339 54,457 51,243 19,024 99,796 70,267 13 Creditors: Amounts falling due within one year 2021 2020 Loan Trade Cfeditors Other taxation and social securitv Other creditors and accrua15 Deferred incorlle 8,000 16,801 3,057 15,192 29,469 24,700 19,983 8,936 93,046 72,519 146,665 14 Creditors.. Amounts falling due after one year 2021 2020 Bank loans 45,000 The Bounce Back loan was drawn down in July 2021. It has a term of 72 months. Capital repayments will commence 13 months following the draw down of the loan. A guarantee has been provided by the UK Government under BBLS. Page 24
The Countryside Education Trust Notes to the finan¢ial statements For the year ended 31 December 2021 15 Statement of funds Statement of funds- current year At l January 2021 Incoming resources Resources expended Transfers in/out At31 December 2021 Designated funds- fixed asset5 486,962 115,4351 471,527 General funds General funds 121,757 244,719 1263,9621 28,000 130,514 Total unrestricted funds 608,719 244,719 1279,3971 28,000 602,041 Restricted funds Biomass Project Fund Home Farm Bioma5S Historic Trails Minibus Fund Vi51tor Economy Kickstart Grant Livestock Fund Sensory Trail Project Fund Education and Farmers Salary Fund Salaries Bird Trail Fund Climate Change Centre Climate Change Centre Residential Bathrooms Project Farm & Community A551Stant Education Officer Environrnental Education Intern Treehouse Tools Outreach Refurbishment of Residential Centre The OWL Collaboration Green and Blue Horizons Pmject 18,750 11,2501 17,500 25,000 25,000 1,000 11,0001 2,1(K) 2,100 2,491 12,4911 15.1941 11,5741 16,2501 15,0001 13,2421 11,8071 19491 5,194 23,948 22,374 8.750 15,000 2,819 15,0(X) 20,000 6,061 1,807 3,323 2,374 5,000 5,000 1,667 5.000 2,500 82 16,085 12,000 11,6671 15,0001 2,500 20 15,542 12,(KM) 1621 15431 35,000 35,000 8,146 128,0001 42,000 18,1461 131,710 113,444 144,1751 128.0001 172,979 Total funds 740,429 358,163 1323,5721 775,020 Page 25
The Countryside Education Trust Notes to the fjnancial statements For the year ended 31 Detember 2021 15 Statement of funds Icontlnuedl Statement of funds- prior year At l Januarv 2020 Incoming resources Resources expended Transfers inlout At31 December 2020 Designated funds- fixed a55ets 502,109 115,1471 486,962 General funds General funds 113,629 316,418 1308,2901 121,757 Total unrestricted funds 615,738 316,418 1323,4371 608,719 Restricted funds Biomass Project Fund City Kids Out Fund Minibus Fund Signage of Site Fund Livestock Fund Sensory Trail Project Fund Education Manager Fund Bird Trail Fund Volunteer Interns Fund Climate Change Centre - Revenue Climate Change Centre Capital Year of Green Action Farm & Community Assistant Education Officer 21st Birthday Celebration Green Wood-working Programme Linen Purchase Pigsty & Minibu5 Environmental Education Intern Treehouse Tools Outreach Refurbishment of Residential Centre The OWL Collaboration 20,000 2,0(X) 2,609 1,432 11,2501 12,0001 12,6091 11,4321 17,1561 18,750 2,100 2,100 12,350 5,194 23,948 23,948 35,639 9,060 39 146 4,272 300 11,667 135,6391 12.9991 1391 13,0531 19491 13001 iio,0001 115.0001 15001 6,061 2,907 3,323 1,667 5,000 20,000 250 250 370 400 250 12501 13701 14001 11,0001 1,000 82 2,500 2,500 82 16,085 12,000 16,085 12,000 35,000 35,000 113,464 102,942 184,6961 131,710 Total funds 729,202 419,360 1408,1331 740,429 Page 26
The Countryside Education Trust Notes to the financlal statements For the year ended 31 December 2021 15 Statement of funds (continued} Summary of fund5- current year At l January 2021 Incoming resources Resources expended Transfers in/out At31 December 2021 Designated funds General funds 486,962 121,757 115,4351 1263,9621 471,527 130,514 244,719 28,000 608,719 131,710 244,719 113,444 1279,3971 144,1751 28,000 128,0001 602,041 172,979 Restrirted funds 740,429 358,163 1323,5721 775,020 Summary of funds- prSor year At l January 2020 Incoming resources Resources expended Transfers inlout At31 December 2020 Designated funds General funds 502,109 113,629 115,1471 1308,2901 486,962 121,757 316,418 615,738 113,464 316,418 102,942 1323,4371 184,6961 608,719 131,710 Restricted funds 729,202 419,360 1408.1331 740,429 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 Studv 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. Home farm biomass 15 to support a new biomass at Home Farm. Historic Trails is a project funding by the National Park for storytelling in special places. 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. Visltor Economy Kickstart Grant is Solent LEP funding for HR 5UPPOrt. Page 27
The Countryside Educatlon Trust Note5 to the financial statements For the year ended 31 December 2021 15 Statement of fvnds Icontinuedl The Signage of Site Fund is to fund the purchase of teachers, beds and new signage for the sites. The Livestock fund is to contribute towards the purchase of livestock. The Sensory Trail Project Fund is to contribute towards the Sensory Trail Project. Education and Farmers Salary Fund is to assist with the Salaries of farmer and education manager. 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 camera5. The Volunteer Intern5 Fund 15 to assist with the costs related to hiring Volunteer Interns. The Climate Change Centre Funds contributed towards the cost of purchasing weather stations situèted 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 asslst with the salary of the education officer. The Environmental Intern Fund is to support five individuals Dn the Environmental Education Internship programme. The Outreach fund is to 5UPPOrt a local community farming project. The Refurbishment of Residential Centre fund 15 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 Week5 of Learning IOWLs.I Green and Blue Horizons Project Is a National Heritage Lottery funded scheme for public engagement and outreach. Other restricted funds are for variou5 projects as outlined in the names of the funds above. Page 28
The Countryside Education Trust Notes to the financial statements For the year ended 31 December 2021 16 Analysis of net assets between funds Analysis of net assets between funds- current year Restrrcted funds 2021 Designated funds 2021 Unrestricted funds 2021 Total funds 2021 Fixed assets Current a55ets Creditors due within one year 22,693 150,286 593,738 125,822 1117,5191 616,431 276,108 1117,5191 172,979 602,041 775,020 Analysis of net assets between funds- prlor year Restricted funds 2020 Designated funds 2020 Unrestricted funds 2020 Total funds 2020 Fixed assets Current assets Creditors due within one year 30,477 101,233 486,962 119,507 148,915 1146,6651 636,946 250,148 1146,6651 131,710 486,962 121,757 740,429 17 Re¢onclliation of net movement in fund5 to net cash flow from operatin8 activitie5 2021 2020 Net in¢ome/lexpenditurel for the year 34,591 11,227 Adjustment for.. Depreciation charges Loss on disposal of fixed assets Increase in stocks Increase in debtors IDecreaselJincrease in creditors 30,386 37,461 16721 129,5291 182,1461 12.0931 132,9131 52,569 Net cash provided by operatlng activities 147,3691 66,251 18 Analysis of cash and cash equivalents 2021 2020 Cash in hand 158,838 163.079 Page 29
The Countryside Education Trust Notes to the financial statements For the year ended 31 December 2021 19 Pension commitments The charity participate5 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 represent5 Contribution5 payable by the charity to the fund and amounted to £1,856 12020.. £2,219). Contributions totalling £lll12020.. £3661 were payable to the fund at the balance sheet date and are included in creditors. 20 Operating lease commitments At 31 December 2021 the total of the Charity's future minin>um lease payments under non-cancellable operating lease payments was: Land and buildlngs 2021 2020 Other 2021 2020 Arnounts payable: Within I year Between l and 5 years After more than 5 years Total 5,667 19,204 219,634 5,667 19,204 224,434 783 978 783 1,761 244,505 249,305 1,761 2,544 21 Trustees No Trustee or closely connected person received emoluments from the charity and no expenses were reimbLJrsed to Trustees during the year. During the year the charity provided Trustee indemnity insurance to cover all its trustees at a c05t of £1,500 12020- £1,500). 22 Related party transactlons During the year the charity entered into the following transartions with connected parties. Beaulieu Enterprises Llmlted I'BEL'I a company in which one of the directors was also Trustee of the charity. Recharged services provided by BEL amounted to £12,07512020.' £24,237). At the year end the balance owed by the charity to BEL amounted to £13,02212020.. £22,261). 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 £1,08412020'. £1,8(H)I. The charity also paid £4,77012020'. £nill 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 amounteil to £1,44812020'. £nill. Page 30
The Countryside Education Trust Notes to the financial statements For the year ended 31 December 2021 23 Control The charity is controlled by its Trustees acting in accordance with the terms of the governing trust deed. Page 31