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
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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.
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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.
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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
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The Countryside Education Trust
Trustees. Report
For the year ended 31 De￿mber 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.
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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
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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
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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.
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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.
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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