The Countryside Education Trust Annual
Report and Accounts 2022
Countryside
EducaiionTrust
Charlty Number 269546

The Countryside Education Trust
Contents
For the year ended 31 December 2022
Page
Legal and administratlve Information
Trustees, report
Independent ex8mlner'5 report
io-io
Statement of financlal activlties
12
Balance sheet
13
Statement of cash flows
14
Note5 to the financial statements
15-31

The Countryside Education Trust 

## Legal and administrative information For the year ended 31 December 2022 

|Trustees|Lord Montagu of Beaulieu, Chair|
|---|---|
||A Moore-Gwyn|
||D Olden (resigned 18 July 2023)|
||R Channell|
||N Burt|
||D Printer, Deputy Chair (resigned 12 April 2023)|
||M Wade|
||K Burwood (appointed 1 July 2022)|
||P Johnson (appointed 27 April 2023)|
||G Hardacre (appointed 13 July 2023)|
||The Countryside Education Trust is a tenant of Lord Montagu and the|
||Beaulieu Estate.|
|Charity Commission||
|registration number|269546|
|Registered office|John Montagu Building|
||Beaulieu|
||Hampshire|
||SO42 7ZN|
|Independent Examiners|Saffery LLP|
||Chartered Accountants|
||Midland House|
||2 Poole Road|
||Bournemouth|
||BH2 5QY|
|Bankers|Barclays Bank Plc|
||4thFloor, Block A|
||Apex Plaza|
||Forbury Road|
||Reading|
||RG1 1AX|



Page 1 



The Countryside Education Trust 

## Trustees’ Report 

For the year ended 31 December 2022 


## Chairman’s Highlights 

2022 was a year of opportunity. The building of the Fort Climate Centre mirrored the rebuilding of our charity post pandemic; a beautiful new space, it has already become a focus for new partnerships within the New Forest and beyond. We are hoping it will be a space for learning but also for conversations around the challenges of climate change, a place for people to come together and to develop mitigations and solutions. Returning schools have found new modules available about the New Forest, climate change and food choices all of which have been thoroughly well received. We also started working with young people from 18 upwards giving them an insight into the science of climate change, sustainable woodland management, and regenerative farming. Our volunteers returned with huge enthusiasm to help across both sites, with a wider variety of tasks; we now welcome young volunteers from 16-18 and we are also starting to run family volunteering sessions on a regular basis. Of course, none of this could have been accomplished without generous funding from donors old and new; and the dedication and expertise of our staff team. 

Thank you to everyone who has played a part in helping the organisation to secure its future. 

## Lord Montagu of Beaulieu 

## Objectives of the Countryside Education Trust 

The Countryside Education Trust (269546) was founded in 1975. Its 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. 

## 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. 

Page 2 



The Countryslde Educatlon Trust
Tyustees, Report
For the year ended 31 December 2022
Public Benefit
The Trustees believe that the charity operates under tlie following sections of the Charltles, Ad 2011 ai)d has
a long tradition of ensttrin8 maximum access to its services..
The advancement of education
The advancement of envlronmental protectlon or improven)ent
The advancement of citizenship or comwnLFnity development
The advancement of the arts, culture, heritage or science
Public benefbt 15 evldent in the wide varlety of ages and backgrounds of people who access our seNices. We
continually strive to make acce55 fair and affordable.
We take seriously OUT commitment to ensuring that both site5 are looked after to hi8h ecological,
environmental and animal welfare standards.
2022 Actlvltles
No 500ner did we start to return to our usual activities than the cost-of-living crisi5 hit, initially as a result of
the invasion of Ukraine by Russia, which sent fuel and food prices rocketing. Financial uncertainty dogged
the year, with 50aring inflation and rising mortgage rates adding to the nation's woes. Teachers, strikes,
swiftly escalating levels of school absenteeism and parental anxiety around children being away from home,
which developed as a result of covid, added further uncertainty to the viabllity of school visits.
While lesldentlal school engagement remained down, our funding from the Ernest Cook Trust for the OWLS
collaboration enabled schoo15 suffering from particular dlsadvantage to visit for a week for free. The OWLS
Collaboration Ss a network of 9 outdoor learning centres working together to research and evaluate the
Impact of residential visits on children's lives. As well a5 funding School places, the Ernest Cook Trust also
provides travel g¥ants to schools, as travel costs present a huge barrier to residential visit5,' for the team
here, the project provide5 an opportunity to Share knowledge and develop skills with peers, an unusual
opportunity for a small charity. We worked with two relatively local Southampton schools and developed
new modules for this cohort around connecting with 'their' National Park, looklng at local food and what
might grow here in the future. and why choices are important.
To help schools not supported through the OWLS Collaboration, we decided to sub5idise school pla￿S
through our wider fundralsing where possible, whlch proved popular. The post pandemic declsion to mainly
offer three-day residentials also paid off as schools weye able more easily to release staff for this amount of
tlme than for a week, and parents seemed more able to support their children through a shorter resiijential
financially and emotionally. For the Trust, using a contractor for evening meals ha5 en5uied great quality of
food alongslde more financlal flexibility than having an inhouse catering team.
Page 3

The Countryslde Educatlon Trust
Trustees, Report
For the year ended 31 December 2022
Face to face with cow5 on a day visit
Day vlslts have remained popular, especially the unusual opportunity to study a stream, whlch rises on the
local heath and meanders down through Hartford Wood and on to the Beaulieu River. Significant data
about this stream and its associated ponds has been Eained from CET survey work with the Freshwater
Habitats Trust,. It is one of the best ponds In the New Forest in terms of water quality and biodiversitv.
Followlng the shrinkage In our team necessitated by the pandemic, another partnership project proved
vitally important to the Trust. Being a participant in the Green and Blue Horizons Nature Recovery project,
funded by the Heritage Lottery, was a huge win for the Trust. We worked with other local partners
including the National Park, the Freshwater Habitats Trust, the Hampshire and Isle of Wight Wildlife Trusl,
and the Commoners, Defence Association over 18 months. As well as the benefits of tolletthje actlon
around engaging the wider community in nature recovery, in financial terms the costs for one of our most
senior people were defrayed and we were able to hold onto another experienced member of the team.
This created a level of much needed stability for our organiiatSon from which we could start to rebuild.
The Heritage Lottery Nature Recovery funding also paid for interns. We are proud of our training
reputation and our track record in helping people into jobs into this fSeld. One intern joined for the whole
18-month project working as a Cllmate and Environment Assistant, and we added two additional short
term part-time internships in the autumn, one focuslng on Sustainable Farming and one on Outreach. All
three of these Individuals moved on into roles in the environmental field.
Page 4

The Countryside Education Trust
TYustee5' Report
For the year ended 31 December 2022
Youtw volunteers haymaking.
The Countryside Education Trust Is one of the few places Integrating farm, conservation and climate
education in the UK currently. The 'soft launch, of the Fort Climate Centre, kindly donated by the Fort
Foundation, happened in July. We began our clSmate work with young people on the hottest day of the
year, necessitating the cancellation of a vi51t to a solar farm l The course, aimed at 16-25-year-olds, spread
over 5 days, was free to participants. Offering transport, as well as allying with our objectives, really
transformed people's ability to attend. The week covered the baslcs of climate chan8e, regenerative
farming, land management, sustainable woodlands and managing for climate change, the importance of
healthy water courses and how to engage the wlder public.
In the autumn we trSalled a dlfferent approach of a three-d8y course spread over three week5, to allow for
reflection in between sessions. Most people opted for the whole series, which again was free to self-fundlng
individuals and Included transport from the train. Organisations, including partner organisations for the
Green and Blue Horizons project, sent interns or apprentices along. 22 people attended, ranging from 18-
50, all new to the envlronmental fleld, elther as graduates, students. or career changers. We had excellent
feedback including 100% of the participant5 feelin8 that the course met expectations, IOD% thlnklng that
venue was highly suitable and 100% loving the locally sourced lunchl
We were winners of the 'New Forest National Park Awards - Sustainability Champion 2022, and received
the award at the New Forest Show. The Countryside Education Trust was noted for being an exemplar of
sustainable operations and promoting sustainability through education tourses. The Fort Cllmate Centre
was also noted as being'built to ensure that the highesl environmental standard for insulation, lighting and
waste management are all considered and mitigated,. It was noted positively that the Countryside
Education Trust Is a working productive farm and is involved with sustainable farming, sensitive woodland
management, and restoration project5 on its land.
Page 5

The Countryside Education Trust
Trustees, Report
For the year ended 31 December 2022
Coppicii)g oli a wintei's day In Haliloid Wood
These comments were really welcome, as both our sites are managed by our team for conservatlon, one of
the Trust's charitable objectives. For the New Forest Awakening Festival, we made a short film about
copplclng, demonstratlng the technlques we use to manage the understorey of Hartford Wood. We sell
coppice products including bean poles, pea sticks and charcoal directly through our pop-up shop and via a
local garden tentre,. we also use the produce for laylng our hedges or for dead hedges in the woods to create
wildlife corridors. This year, thanks to the Green and Blue Horizons project, we planted around 300m of new
hedgerow with the help of our volunteers, as well as gapping up old hedgerows on the farm.
Volunteers remain an important and welcome resourcel We threw our oldest volunteer a 90 birthday party
in December, while our youngest volunteer turned 9. We are experimenting with family volunteering and
volunteering for young people between 16-18, but we have a dedicated core of volunteers who sign up for
different tasks on a weekly basis to whom we are very grateful.
Our young handlers arevolunteels of a different type. We created an after-school club to encourage chlldren
from non-farming backgrounds to have a @o at working on a farm. We teach these largely 9- and 10-year-
olds to work wlth our Shetland sheep, which they then show at country shows, such as the New Forest Show,
during the summer holidays. The young people learn lots about responsibility and resilience from this kind
of activity as well as adding rosettes to our collectionl
Page 6

The Countryslde Educatlon Trust
Trustees, Report
For the year ended 31 December 2022
6,4
The CET'S Owl Clubs are fully recovered, and we run them for children from 0-12- Owlets, Little Owls, Big
Owls and Eagle Owls. The engagement of the parents and carers In the seasonally orlented activlties is nearly
as important as that of the children; we believe that this work builds appetile and confidence in adulis for
the outdoors.
2022 was a challenging year for the Countryside Education Trust, but one in which we developed new ways
of connecting people to the countryside and worked collaboratively with a wide range of partners to
effectively deliver our charitable objectives.
The Future
The Green and Blue Horizons project will draw to a c105e at the end of March 2023. The benefits of thi5 project
have been instructive, and we will look for more partnershlp funding and opportunlties golng forward. The
Fort Climate Centre will open officially in the spring, and this will enable us to explore new avenues,. as once
we were pioneers of residential environmental education. we look forward to being at the forefront of
communlty engagement around cllmate change.
Page 7

The Countryside Education Trust
Trustees, Report
For the year ended 31 December 2022
The new strategic plan was postponed due to the extremely high levels of uncertainty. The intention now is
that we will move ahead with this process once we have recruited new trustees and a new chair which is
planned for 202312024.
Prlncipal Sources of Income
2022 funding has been more varied than 2021, with less reliance on ihe slate post furlough, and more on
generating new opportunitles. WeddlnBS and non-school residentlal income have been useful sources of
income, alongside some stalwart family Trust funders, the Heritage Lottery and the Ernest Cook TIu5t. We
also benefitted from having a secondee f¥om John Lewis for six months to work for the Chief Executive, which
was of huge benefit to our small team. We are registered with the Charity FLFndralslng Regulator but have had
no need to report any incident5 during 2022.
Risk management
Volatility in the markets, a surge in inflation and a war were hard to plan for, coming on the heels of a global
pandemlc. The cost-of-llving crlsls is an ongolng challenge to familles. Pressure on toachers, alongside a pay
dispute. has decreased their appetite and capacity for bringing children away. These are all risks that we
monitor ès part of a rolling risk assessment pro￿sS.
Reseyves Policv
The Trust holds total funds of £968,81312021'. £775,020) at the year end, of which E391,94712021: £172,979)
are restrlcted. Free reseNes are arrlved at by adjustSng for the fixed assets required to continue to operate
the Trust of £545,23712021'. £593,738). Free reserves therefore amounted to a surplus of £31,62912021.'
£8,3031. Trustees aspSre to three months of reserves but recognise the unusual situation of charities and the
pressures they are ui)der in current times. They appreciate 2022 has been a very difficult time for the charity
financially but they believe in tlmè they can get back to their reserves policy. Afte¥ making enquiries, the
Trustees have a reasonable expectation that the chaiity has adequate resources to operate in the future. For
this reason, they continue to adopt the going concern basis in preparing the finar)cial statements.
Structure, Governance and Management
The charlty Is governed by a Trust Deed and is an Unincorporated Association. The Montagu Family is entitled
to chair or be represented on the governing board as fouE)ders. No other body has the ablllty to be
automatically represented. Trustees are recruited through advertising and recommendation. As part of the
recruitment process, they recelve a briefing from the CEO, a tour of both sites and are inteNiewed by two or
three Trustees. before being appointed by the Chair on behalf of the board. TtUStee meetings were online fof
the bulk of 2021.
Services are contracted oul where It is CO51 effective, including for IT, Finance, HR and website Support. Public
event fundraising and weddings were mostty unable to take place- these rely on external contractors normally.
Page 8

The Countryside Educatlon Trust
Trustees, Report
For the yeay ended 31 Deeember 2022
Trusteès, responslbllltles statement
The trustees are responsible for preparing the tiustees, report and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare flnancial statements
for each financial year which glve a true and fair view of the state of affaiis of the charlly, and of the
incoming resources and application of resources of the charity for that period. In preparing these financial
statements. the trustees are required to..
select sultable accounting policles and then apply them conslstently,.
obseNe the methods and principles in the Charitles SORP;
make judgments and accounting estimates that are reasonable and prudent;
prepare the flnancial statements on ihe going Concern basls unless It Is inapproprlate 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 ¢harity'5 transaction5 and disclose with reasonable accuracy at any tlme the financial position of the
charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They
are also responsible for safe8uarding the assets of the charity and hence for taking reasonable steps for the
prevention and detection ot fraud and other irregularities.
The Trustee5 are responsible for the maintenance and integrlty of the charlty and financlal Informatlon
included on Ihe charity's website. Legislation in the Uniled Kingdom governing the preparation and
dissemination of financial statements may differ from le8151atlon In other lurisdictlons.
0511012023
This report was approved by the trustees on........................
and signed on their behalf by-
Lord M
of Beaulieu
Page 9

The Countryside Education Trust
Independent examiner's report
To the trustees of Countyyside Education Trust
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 December
2022.
Respe¢tlve responslbllitles of tyustees and examiner
As the charity's trustees of the Company land also Its directors for the purposes of company lawl you are responsible
for tl)e preparation of tlie accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l.
Having satisfied myself that the accounts ofthe Company are not required to be audited under Part 16 of the 2006 Act
and are eligible for independent examination, I report in respect of my examination of your charitvs accounts as
carrled out under 5ertion 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed
the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act.
Basls of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Ch3rity Commission. An
examination includes a review of the accountlng records kept by the charlty and a comparison of the accounts
presented with those records. It also includes consideration of any urbusual items or disclosures in the accounts and
seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide
all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts
present a 'lrue and fair vie￿1 and the report is limited to those matters set out in the statement below.
Independent examlnerfs statement
Since the Company's gross income eX￿eded £250,00() your examiner mLFSt be a member of a body listed in Section
145 of the 2011 Act. I confirm that l am quallfied to undertake the examinatlon because l am a member of ICAEW,
which 15 one of the listed bodies.
I have completed my examinalion. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe..
l. actountlng records were not kept in respect of the Company as required by section 386 of the 2006 Act,. or
2. the accounts do not accord with those records- or
3. the accounts do not comply wlth the accounting requlrements of sectlon 396 of the 2006 Act other than any
requirement that the accounts glve a 'true and fair view, which is not a matter considered as part of an independent
examlnation. or
4. the acwunts have not been prepared in accordance with the method5 and principle5 of the Statement of
Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in
accordance with the Flnanclal Reporting Standard appllcable in the UK and Republlc of Ireland IFRS 1021.
Page 10

The Countryside Educatlon Trust
Independent eMaminer'5 report
To the trustees of Countryside Educatlon Trust
I have no concerns and have come across no other matters in connection wlth the examination to whlch attentlon
should be drawn in this report In order to enable a proper understan(ling of the accounts to be reached.
Casldhe Baleri ACA CTA
For and on behalf of Saffery LLP
Chartered Accountant5
Midland House
2 Poole Road
Bournemouth Dorset
BH2 5QY
Date- 11 October 2023
Page 11

The Countryside Education Trust
Statement of financlal activities
For the year ended 31 December 2022
Restrlcled
funds
2022
Unrestrlcted
funds
2022
Tolal funds
2022
Total funds
2021
Note
Income from:
Donations and legacies
Charitable activities
other trading actlvitles
Other income
337,049
40,558
176,605
47,404
9,345
377,607
176,605
47,404
9,345
122,296
87,791
38,801
109,275
Total Income
337,049
273,912
610.961
358,163
Expendlture on:
Raising funds..
Voluntary Sncome
Fundraising trading
Charitable activities
20,958
15,163
262,966
20,958
22,894
373,316
14,151
4,401
305,020
7,731
110,350
Total expendlture
118,081
299,087
417.168
323,572
Net Income before transfers
218,968
125.1751
193,793
34,591
Transfers between fund5
Net movement of funds
218,968
125,1751
193.793
34,591
Recorttiliation of funds..
Total funds at l January 2022
172,979
602,041
775.020
740,429
Total funds at 31 December
2022
391,947
576,866
968,813
775,020
All activities relate to contirbuing operations.
The notes on pages 15 to 31 form part of these financial statements.
Page 12

The Countiyslde Educatlon Trust
Balan¢0 sheet
As at 31 December 2022
2022
2021
Not8
Flxed 8SSÈt$
Tan8lble assets
io
800.134
616,431
Current assets
Stock
Debtors
Cash at bank and In hand
li
12
14,047
78,151
181,490
17,474
99,796
158,838
273,688
276,108
Credltors:
Amounts falllng (JUÈ wlthln one year
13
170,005}
172.5191
Net current assèts
203,683
203,589
Cyedltors:
Amounts falllnE due after more than
one year
14
135,0041
145,OlJOI
Net assets
968,813
755,020
Represented bv:
Reslrlcted funds
Unrestricted funds
15
15
391,947
576,866
172,979
602,041
Total funds
968,813
775,020
The flnanclal statements were approved by the trustees on
0511012023
. and sl8ned on thelr behalf by:
Lord MontaBu of Beaulleu
The notes on pages 15 to 31 folm part of these flnanclal statements.
Page 13

The Countryslde Edu¢atlon Trust
Statement of cash flows
For the year ended 31 December 2022
2022
2021
Note
Net cash provlded byl{absorbed Inl operatln8
acilvlties
17
247.355
147.3691
Cash flows from investing activities
Purchase of tangible flxed assets
1216,7031
19,8721
Net Cash used in investSng activities
1216,7031
19,8721
Cash flows from financing activitie5
Loan repayments
Loan advances
18,0001
53,000
Net cash (used in}/provided by financing
activities
18,000
53,000
Change In tash and cash e4ulvalents In the
reporting period
Cash and cash equlvalents brought foward
22,652
14,2411
158,838
163,079
Cash and cash equivalents carried forwafd
181,490
158,838
The notes on page5 15 to 31 form part of these financial statements.
Page 13

The Countyyslde Edu¢atlon Trust
Notes to the financial statemènts
For the year ended 31 December 2022
Accounting policie5
1.1 Bas15 of preparation of financial statement5
The Countryside Education Trust Is an unincorporated charity. The f5nancial 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 Praclice: Accounting and Reporting by Charllles
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFR5 1021 effective l January 2019 and Financial Reporting Standard applicable in the
United Kingdom and Republic of Ireland IFRS 1021 and Charlties Act 2011.
Countryside Education Trust constitutes a public benefit entity as defined by FRS 102.
1.2 Going concern
The financial statement5 have been prepared on the basis that the charity is a going concern. The Trustees
have consSdered the current uncertainties and do not believe they will impact the ability of the charity to
continue it5 activities for the foreseeable future. They have looked at the likely timing of being able to
open the centre again and believe that this along wlth their cash reserves means they will be able to meet
thelr obligations g¢Jing foThvard.
1.3 Fund accounting
Genelal funds are unrestricted fund5 which are available for use at the discretion of the trustees in
furtl)erance of the general objectives of the charity and which have not been designated for other
purposes.
Designated funds comprlse unrestrlcted funds that have been set aside by the trustees for particular
purpose5. 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 restrlctions imposed by donors
or which have been raised by the charity for particular purposes. The costs of raislng and administering
such funds are charged against the specific fund. The aim 2nd use of each restrirted fund is set out in the
notes to the financial statements.
1.4 Income
All income is recognised once the charity has entiilement to the income, it is probable that the income wlll
be received and the amount of income receivable can be measured rellably.
Page 15

The Countryslde Education Trust
Notes to the financial statements
Foy tho year ended 31 December 2022
Accountlng policies Icontinuedl
1.4 Income Icontinuedl
For legacles, entitlement is taken as the earlier of the date on whlch elther.. the charity Is aware that
probate has been granted, the estate ha5 been finalised and notiflcati(>n has been made by the executorlsl
to the Trust that a distributioii will be made, or when a distribution is received fiom the estate. Receipt of
a legacy, in whole or Sn part, is only consldered probable when the amount can be measured rellably and
the charity has been nolified of the executor's intention to make a distribution. Where legacies have been
notified to the charity, or the charity is aware of the granting of probate, and the criteria for income
recognition have not been met, then the legacy is treated a5 a contingent asset and disc105ed if material.
Glfts In kind donated for distribution are included at valuation and recognised as Income when they are
distribijted to the projects. Gifts donated for resale are included a5 income when they are 501d. Donated
faclllties are Included at the value to the charlty where thls can be quantified and a thlrd party Is bearlng
the cost. No amounts are Included in the financial statements for Services donated by volunteers.
Income tax recoverable in relation to donations received under Gift Aid or deeds of coverbant 15 recognised
at the time of the donation.
1.5 Expenditure
EKpenditure15 recognised once there is a legal or constructive obligation to make payment to a third partyi
It is probable that settlement will be required and the amount of the obllgatlon can be measured reliably.
All expenditure Is accounted for on an accruals basis. All expenses Including suppoit costs and Eovernance
cost5 are allocated to the applicable expenditure headings.
The cost of generatlll8 funds include the cost incu¥red in Benerating voluntary income and fundraising
trading costs. These costs are rega¥ded as necessary to generate funds that are needed to finan
charitable activitie5.
Charitable expenditure comprise5 those cost5 incurred by the charity in the dellvery of Ils activities and
services to enable the charity to meet its charitable aims and objectives. It includes both costs that can be
allocated directly to such activities and those c05t5 of an indlrect nature to support them.
Governance costs include those costs assotiated with meetlng the con5tStutlonal and statutory
requirements of the charity and include audit fees, leEal advicefortrustees and costs linked io the strategic
management of the tiust.
Support costs are those costs which enable the fund generating and charitable activities to be undertaken.
These costs Include finance, human resources. communicatlon and professlonal fees. Where expendlture
incurred relates to more than one cost category it is apportioned on a time or usage basis, over and above
a de minimis figure.
1.6 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 Countryside Education Trust
Notes to the financlal statements
For the year ended 31 December 2022
l Accountlng policies Icontlnuedl
1.7 Stocks
Stock5 for resale are valued at the lower of cost and net realisable value after making due allowar)ce for
obsolete and slow-movlng stocks. Stocks used as part of a charitable activlty are valued at falr value. Cost
includes all dirett costs and an appropriate proportion of fixed and variable overheads.
1.8 Tangible fixed assets and depreciation
Tanglble flxe(l assets are tarrled at cost, net of depreclatlon and any provlsion for Impairment.
Depreciation is provided at rales calculated to write off the cost of fixed assets, less their estimated
residual value, over thelr expected useful Ilves on the following bases:
Bulldlngs
Machinery and equipment
2~5% stralght Ilne
20% straight Ilne
Motor vehicles
25% straight line
Tangible fixed assets costing less than £500 are not capitalised and are written off in the year of purchase.
All assets are examined annually for potential impairment and any material deductions in value are written
dowii at the year end.
1.9 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured relSably
by the charity,. this is normally upon notification of the interest paid or payable by the Bank.
1.10 Debtors
Trade and other debtors are recognised al the seltlement 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 dep051t or similar account.
1.12 Creditors and provisions
Creditors and provislons are re¢ognised 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 discoLFnts due.
Concessionary loans include those payable to third partie5 which ale interest free or below market interest
rates and are received to advance charitable purposes. All loans are measured at cost. less impairment as
permltted by Section 34 of FRS 102.
Page 17

The Countryslde Educatlon Trust
Notes lo the flnanclal statements
For the year ended 31 December 2022
l A¢countlng pollcles Icontinued)
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 legacies
Restrlcted
funds
2022
Unrestrlcted
funds 2022
Total
funds
2022
Restrlcted
funds
2021
Unrestricted
funds 2021
Total
fund5
2021
Individual donors
Friends of CET
Grants
221,970
36,878
1,371
2,309
258,848
1,371
117.388
1,807
7,630
1,222
9,437
1,222
111,637
115,079
111,637
Tolal donations
337.049
40,558
377,607
113,444
8,852
122,296
and legacies
Durlng the year, the charity received other income of £nil12021'. £107,075) which related to monies
received under the furlough scheme during the Covid-19 pandemlc. £nil12021: £2,200) relates to
insurance income.
3 Activities to generate funds
Restricted
funds
2022
Unrestricted
fund$ 2022
Total
funds
2022
Restritted
funds
2021
Unrestrl¢ted
funds 2021
Total
funds
2021
Fundraising
commlttee activlties
1,589
1,589
1,312
1,312
1,589
1,589
1,312
1,312
Page 18

The Countryslde Educatlon Trust
Notes to the financial statements
For the year ended 31 December 2022
4 Trading activities
Restrlcted
funds 2022
Unrestricted
funds 2022
Total
funds
2022
Restricted
funds 2021
Unrestricted
funds 2021
Total
fund5
2021
Charity trading
income
Farm Income
11,917
33,898
45,815
11,917
33,898
45.815
9,418
28,701
38,119
9,418
28,701
38,119
Wedding income
Charlty trodlng
expenses
Farm purchases
Wedding purchases
Holiday let
purchases
9,401
230
9,401
230
4,981
4,981
382
1962)
382
13,262
13,262
1962
Net incomel
lexpenditurel from
tradln8 activities
22,922
22,922
14,9811
38,699
33,718
5 Income from charitable artivitie5
Restrlcted
funds
2022
Unrestricted
funds 2022
Total
funds
2022
Restrlcted
lunds
2021
Unrestrlcted
funds 2021
Total
funds
2021
Primary puip05e
activity..
Residential fees
Non-re5ideiitial fees
and Sncome
130,892
45.713
130,892
45,713
60,978
26,813
60,978
26,813
Total
176,605
176,605
87,791
87,791
Page 19

The Countryside Education Trust
Notes to the finan¢Sal statements
For the year ended 31 December 2022
6 Total expendlture
Current Year
Staff costs
(Note 9}
Other
dlrect
costs
Support
costs
Governance
costs
Total 2022
(Note 71
Expenditure on raising funds
Fundraising
Fundraising Irading
20,958
20,958
22,894
22,894
22,894
20.958
43,852
Expenditure on charitable
a¢tlvltles
PTimary puipose trade
158,917
133,155
73,854
7.390
373,316
Governance
2,400
4,990
17,3901
158,917
158,449
99,802
417,168
Support staff costs
43.892
143,8921
202,809
55,910
Page 20

The Countryslde Edu¢atlon Trust
Notes lo the Ilnanclal statements
For the year ended 31 December 2022
6 Total empendlture l¢ontlnuedl
Prior Year
Staff costs
INote 91
Other
direct
¢0Sts
Support
costs
Governance
Costs
Total 2021
INote 71
Expenditure on raising funds
FundralsinB
Fundraising trading
14,151
14,151
4,401
4,401
4,401
14,151
18,552
EMpendSture on charltable
actlvltles
Primaiy 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
7 Support Costs
Costs of
generating
voluntary
income
Prlmary
purpose
tradlng
Governance
Total 2022
offlce costs
Staff costs
11.741
9,217
41,374
32,480
2.795
2,195
55,91D
43,892
20,958
73,854
4,990
99,802
Page 21

The Countryside Educatlon Trust
Notes to the flnancSal statements
For the year ended 31 December 2022
7 Support costs Icontinuedl
Prlor year
Costs of
generating
voluntary
income
Primary
purpose
tradlng
Governance
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
8 Net Incomlng resources
This is stated after charging:
2022
2021
Depieciatlon of tan8ible flxed assets
Independent examinerfs fee
Operating lease renta15
33,000
1,8QO
5,667
30,386
1,800
5,667
9 Staff employment costs
Staff costs were as follows..
2022
2021
Wages ènd salaries
Social security C05t5
Other pension costs
188,639
12,043
2,127
202,809
170,368
11,568
1,856
183,792
The average number of persons employed by the charity durinB the year was as follows:
2022
Number
2021
Number
li
io
No employee received remuneTation amounting to more than £60,000 In elther year.
Key management personnel recelved remuneration and benefits totalling £25,87312021'. £33.8421 and
pension contribution5 of £1,03512021'. £2,7071-
PaBe 22

The Countryside Education Trust
Notes lo the flnanclal statements
For the year ended 31 December 2022
10 Tanglble flKed assets
Buildings
Ma¢hihery and
equipment
Motor
vehicles
Total
Cost
At l January2022
884,136
229,862
55,640
1,169,638
Additions
211,971
1,482
3,250
216,703
Disposals
At 31 December2022
1,096,107
231,344
58,890
1,386,341
Jepreclatlon
At l January 2022
344,520
153,047
55,640
553,207
Charge for the year
22,697
9,930
373
33,000
Elimin8ted on Diswsal
At 31 December 2022
367,217
162,977
56,013
586,207
Net book value
At 31 December 2022
728,890
68,367
2,877
800,134
At 31 December 2021
539,616
76,815
616,431
11 Stock
2022
2021
Stock
14,047
17,474
Page 23

The Countrysldè Educatlon Trust
Notes to the flnancial statements
For the year ended 31 December 2022
12 Debtors
2022
2021
Trade debtors
Other debtors
29,569
48,582
45,339
54,457
78.151
99,796
13 Creditor5: Amounts falling due wlthin one year
2022
2021
Loan
Trade creditors
other taxation and social security
Other creditors and accruals
Deferred Income
9,996
11,669
8,163
20,592
19,585
8,000
16,801
3,057
15,192
29,469
70,005
72,519
14 Credltors.. Amounts falllng due after one year
2022
2021
Bank loans
35,004
45,000
The Bounce Back loan was drawn down In July 2021. It has a term of 72 months. Capital repayment5 will
commence 13 months following the drawdown of the loan. A guarantee has been provided by the UK
Government under BBLS.
Page 24

The Countryside Education Trust
Notes to the Ilnancial statements
For the year ended 31 December 2022
15 Statement of funds
Statement of funds- current year
At l January
2022
Incomln8
resourtes
Resou￿e5
expended
Transfers
in/out
At31
De¢ember
2022
Designated funds- fixed assets
471,527
115,4661
456,061
General funds
General funds
130,514
273,912
1283,6211
120,805
Total unrestricted funds
602,041
273,912
1299,0871
576,866
Restricted funds
Biomass Project Fund
Home Falm Blomass
Minibus Fund
Sensory Trail Project Fund
E(lucatlon and Farmers Salary Fund
5alarle5
Bird Trail Fund
Fort Climate Centre
Cllmate Change Centfe
Residential Bathrooms Project
Envlronmental Educatlon Intern
Treehouse Tools
Outreach
Refurbishment of Residential
Centre
The OWL Collaboration
Green & Blue Horiions
Green Cascade Volunteer
Programme
17.500
25,000
2,100
22.374
8,750
15,000
2.819
11,2501
16,250
25,000
1.859
22,374
12411
{8,7501
119,6461
14701
13,9571
19501
40,680
36,034
2,349
208,012
1,424
15,000
211,969
2.374
5,000
2,500
20
15,542
12,000
10,000
12,5001
20
115,5421
112,0001
42,000
35,000
38,400
1,000
114,3751
138,4001
62,625
I,ODO
172,979
337,049
1118,0811
391,947
Total funds
775.020
610,961
1417,1681
968,813
Page 25

The Countryside Education Trust
Notes to the flnancial statements
For the year ended 31 December 2022
15 Statement of funds l¢ontinued)
Statement of tunds- prloryear
At l January
2021
Incoming
resources
Re5(Jurces
expended
Tran5fer5
inlout
At31
December
2021
Deslgnated funds- fixed a55ets
486,962
115,4351
471,527
General funds
General funds
121,757
244,719
1263,9621
28.ODO
130.514
Total unrestricted fijnds
608,719
244,719
1279,3971
28,000
602,041
Restrlcted funds
Biomass Prolect Fund
Home Farm Biomass
Historic Trails
Minibus Fund
Visitor 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 Assistant
Education oflicer
Environmental Education Intern
Treehouse Tools
Outreach
Refurblshment of Resldential
Centre
The OWL Collaboratlon
Green and Blue Horizons Project
18,750
11,2501
17.500
25,000
25,000
1,000
{I,0001
2,100
2.100
2,491
12,4911
15,1941
11,5741
{6,2501
15,0001
{3,2421
11,8071
19491
5,194
23,948
22,374
8.750
15,000
2,819
15,000
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
12,000
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 lunds
740,429
358,163
1323,5721
775,020
Page 26

The Countryside Education Trust
Notes to the financial statements
For the year ended 31 December 2022
15 Statement of funds (continued)
Summary of funds- Current year
At l Januayy
2022
Incomlng
re50ur¢es
Resources
expended
Transfers
Inlout
At31
De￿mber
2022
Designated funds
General fun(Is
471,527
130,514
115,4661
1283,6211
456,061
120,805
273,912
602,041
172,979
273,912
337,049
1299.0871
1118,0811
576,866
391,947
Restricted fund5
775,020
610,961
1417,1681
968.813
Summary of funds- prior year
At l January
2021
Incoming
resources
Resources
expended
Transfers
inlout
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
Restrlcted funds
740,429
358,163
1323,5721
775,020
Designated funds
The fixed asset designated ftjnd has been set up to reflect those assets held by the charity ihat were acquired
previously with restricted funds, principally the refurbishment and development of the New Foiest Study
Centre, and improvement5 at the Out of Town Centre.
Restylcted revenue funds descriptions
The Biomass Project fund is to contribute towards the funding of a Biomass boiler.
Home farm biomass Is to support a new biomass at Home Farm.
Historic Trails is a project fijnding by the National Park for storytelling in special places.
The Minibus fund is to help towards the purchase of a new minibus and signage.
Visitor Economy Kickstart Grant is Solent LEP funding foi HR support.
Page 27

The Countryside Education Trust
Note5 to the flnanclal statements
For the year ended 31 December 2022
15 Statement of funds Icontlnuedl
The Liveslock fund is to Contrlbute lowards the purchase of livestock.
The Sensory Trail Project Fund is to contribute towards the Sensory Trall Project.
Education and Farmers Salary Fund is to assist with the salaries of farmer and educatlon manager.
The 8ird Trail Fund is to contribute towards the buildlng of a blrd tra51 and hlde for blrd watchlng, together
with assoclated display boards and cameras.
The Fort Climate Centre Fund is for bulldlng and equipping the new Fort climate Centre Building.
The Climate Change Centre Funds contributed towards the cost of purchasing weathei stations situated at the
Treehouse and the Residential Centre.
The Farm & Community Assistant Fund 15 to help toward5the salaryof a part-time Farm & CommunityAssistant
foy 18 months.
The Education Officer fund is to assist with the salary of the education officer.
The Environmental Intern Fund 15 to support five individuals on the Environmental Education Internship
programme.
The Outreach fund is to support a local community farmlng prolect.
The Refurbishment of Residential Centre fund is to support upcomlng malntenance work to the residential
centre.
The OWL Collaboratlon fund is a four-year project aimed at disadvantaged young people enablin8 them to
experience high quality residential Outdoor Weeks of Lea¥ning IOWLS.)
Green and Blue Horizons Project Is a National Heritage Lottery funded scheme for public engagement and
outreach.
Other restricted funds are for various projects as outllned in the names of the funds above.
Page 28

The Countryslde Education Trust
Notes to the flnancSal statements
For the year ended 31 December 2022
16 Analysis of net assets between funds
Analysis of net assets between funds- current year
Restrl¢ted
funds 2022
Designated
funds 2022
Unrestricted
funds 2022
Total funds
2022
Fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
254,897
137,050
456,061
89,176
136,638
170,0051
135,0041
800,134
273,688
170,0051
135,0041
391,947
456,061
120,805
968,813
Analysis of net assets between funds- prlor year
Restricted
funds 2021
Designated
fund$ 2021
Unrestricted
fund$ 2021
Total funds
2021
Fixed assets
Current asset5
Creditors due within one year
Creditors due in more than one yea
22,693
150.286
471,527
122,211
125,822
172,5191
145,0001
616,431
276,108
172,5191
145,0001
172,979
471,527
602,041
775,020
17 Recon¢lllation of net movement In fund5 to net cash flow from operatlng activitie5
2022
2021
Net incomellexpenditurel for the year
193,793
34,591
Adjustment for:
Depreclation charge5
Loss on disposal of fixed assets
Decrease/llncreasel Sn stocks
Decrease/lincreasel in debtors
Decrease in creditors
33,000
30,386
3,427
21,645
14,5101
16721
129,5291
182,1461
Net cash provlded by gperotlng actlvltles
247,355
147,3691
18 Analysis of cash and cash equlvalents
2022
2021
Cash in hand
181,940
158,838
Page 29

The Countryslde Educatlon Trust
Notes to the flnanclgl statements
For the year ended 31 December 2022
19 Penslon commltments
The charily partlclpates in a defined contribution pension scheme. The assets of the scheme are held
separately from t1105e of the cliarity in an independently administered fund. The pension cosl charge
represents contributions payable by the charity to the fund and amounted 10 £2,127 12021: £1,856).
Contrlbutions totalling £2,12712021'. £111) were payable to the fund at the balance sheet date and are
included in creditors.
20 Operating lease commltments
At 31 December 2022 the total of the CharSty's future minimum lease payment5 under non-cancellable
operating lease payments was-
Land and bulldlngs
2022
2021
Oiher
2022
2021
Amounts payable:
Within l year
Between l and 5 years
Afier more than 5 years
5,667
19,204
214,833
5,667
19,204
219,634
783
196
783
978
Total
239,704
244.505
979
1,761
21 Trustees
o Trustee or closely connected per50rs received emoluments from the charity and no expenses were
relmbursed to Trustee5 during the year.
Durlng the year the charity provided Trustee indemnity insurance to cover all Its trustees at a cost of £1,624
12021.. £1,5001.
22 Related party transactions
During the year the charity entered into the followlng transaction5 Wlth connected parties.
Beaulleu Enterprises Limited I'BEL'I a company In whSch one of the directors was also Trustee of the charity.
Recharged servi￿5 provided by BEL amounted to £24,83212021.. £12,075).
At the year end the balance owed by the charity to BEL amounted to £37412021: £13,022).
Lord Montagu- A Trustee of the charity
During the yearthe trust leased all leasehold propertles from the private estate of Lord Montagu. The rentals
payable on these properties for the year were £8.88712021: £1,084).
The charity also paid £4,313 (2021.. £4,770) for other servl¢es provided by the private estate of the Lord
Montagu. At the year end the balance owed by the charily to Lord Montagv amounted to £nll12021.' £1,448).
Page 30

The Country51de Educatlon Trust
Notes to the financial statements
For the year ended 31 DÈcembeY 2022
23 Control
The charity is controlled by its Trustees acting In accordance with the terms of the governing trust deed.
Page 31

£f4:s.',f¥ Jx :.
Countryside Education Trust (Charity No. 2695461
Home Farm, Palace Lane, Beaulieu $042 7YG
www.cet.org.uk