2022-11-30-accounts

				Page
Legal and	administrative		information	1 -3
Chair's statement				4-5
Trustees'	report			6-13
Statement	oftrustees'	responsibilities		14
Independent auditor's		report		15-18
Statement	of financial	activities		19-20
Balance sheet				21 -22
Statement	ofcash flows			23
Notes to the financial		statements		24-46
Appendix	1			48

Bankers		Barclays Bank pic
		Keswick Branch
		Market Square
		Keswick
		Cumbria
		CA12 5BE
		CAF Bank
		25 Kings Hill Avenue
		Kings Hill
		West Mailing
		Kent
		ME194JQ
investment	Advisors	Sarasin and Partners	LLP
		Juxon House
		100St. Paul's Churchyard
		London
		EC4M 8BU

Finance Committee	Finance Committee			Martin G Mullin, Chair
				Giles H Mounsey-Heysham
				Judith Gate
				Philip Stout, Co-opted	Member
				Stuart Coe, Co-opted	Member
Audit Committee				Anthony D Glynn, Chair
				Martin G Mullin
				James Fryer-Spedding
				Roger Cooke, Co-opted		Member
				Steve Ward, Co-opted	Member
Income Generation		Committee		Anne L Dunn, Chair
				Giles H Mounsey-Heysham
				David G Brown
				Janaki Spedding, Co-opted			Member
People and	Operations		Committee	lan S Lowthian, Chair
				Julian J Handy
				Giles H Mounsey-Heysham
				Emily J Flynn
				Martin G Mullin
				Judith Gate
				Rosemary Riley, Co-opted			Member
Nominations	Committee			James Fryer-Spedding,		Chair
				Giles H Mounsey-Heysham
				Judith Gate
				Claire Hensman, Co-opted			Member
Clinical Governance		Committee		Heather A Batey, Chair
				William TS Braithwaite		KC
				Christine Sheldon
				Martin G Mullin
				Giles H Mounsey-Heysham
				Fiona Nixon, Co-opted	Member
Emeritus Trustees				John Fryer-Spedding	CBE
				Roger Cooke, Vice President
				John Wood
				Tony Welton
				Terry Lansbury
				Michael Toulmin
				Mark Winfield
				Corinna Cartwright
				Stephen Nicol
				William Bell

Current financial year
		Unrestricted	Designated		Restricted	Total	Total
		funds	funds		funds
		2022	2022		2022	2022	2021
	Notes	f		E	f	E	f
Income and Endowments
Donations and legacies		693,110			55,456	748,566	1,708,141
Charitable activities		1,377,260				1,377,260	751,697
Investment income		14,460				14,460	7,726
Other income							218,936
Total income		2,084,830			55,456	2,140,286	2,686,500
Ex enditure on:
Raising funds		129,483				129,483	104,969
Charitable activities		2,471,995	296,456		11,411	2,779,862	2,097,336
Total expenditure		2,601,478	296,456		11,411	2,909,345	2,202,305
(Losses)/gains on investment
assets		(27,203)				(27,203)	3,806
Net (expenditure)/income	before transfers	(543,851)	(296,456)		44,045	(796,262)	488,001
Gross transfers between	funds	543,851	(418,357)		(125,494)
Net (expenditure)/income			(714,81	3)	(81,449)	(796,262)	488,001
Fund balances at 1 December 2021			5,903,143		196,816	6,099,959	5,611,958
Fund balances at 30 November
2022	28-29		5,188,330		115,367	5,303,697	6,099,959

Prior financial year
					Unrestricted	Designated	Restricted	Total
					funds	funds	funds
					2021	2021	2021	2021
				Notes	F	f	f	F
Income and Endowments
Donations and legacies					1,433,433		274,708	1,708,141
Charitable activities					751,697			751,697
Investment income					7,726			7,726
Other income					218,936			218,936
Total income					2,411,792		274,708	2,686,500
Ex enditure on:
Raising funds					104,969			104,969
Charitable activities					1,779,008	262,261	56,067	2,097,336
Total expenditure					1,883,977	262,261	56,067	2,202,305
(Losses)/gains on investment		assets		15	3,806			3,806
Net (expenditure)/income	before		transfers		531,621	(262,261)	218,641	488,001
Gross transfers between	funds				(842,752)	998,491	(155,739)
Net income/(expenditure)					(311,131)	736,230	62,902	488,001
Fund balances at 1 December		2020			311,131	5,166,913	133,914	5,611,958
Fund balances at 30 November			2021	28 -29		5,903,143	196,816	6,099,959

					2022		2021
				Notes
Fixed assets
Tangible assets				17		4,897,224		5,052,002
Investments				18		390,889		869,722
						5,288,113		5,921,724
Current assets
Stocks				20	13,268		13,526
Debtors				21	543,891		122,340
Cash at bank and		in	hand		207,472		495,923
					764,631		631,789
Creditors:	amounts		falling due within
one year				23	(382,354)		(367,687)
Net current	assets					382,277		264,102
Total assets less		current liabilities				5,670,390		6,185,826
Creditors:	amounts		falling due after
more than	one year			24		(366,693)		(85,867)
Net assets						5,303,697		6,099,959
Funds ofthe charity:
Income funds
Restricted	funds			28		115,367		196,816
Unrestricted	funds
Revaluation	reserve			29		251,180		254,712
Designated	funds			29		4,937,150		5,648,431
General unrestricted			funds
						5,303,697		6,099,959

					2022		2021
				Notes
Cash flows from operating			activities
Cash (absorbed by)/generated from				32
operations						(912,591)		722,291
Investing	activities
Purchase	oftangible	fixed assets		17	(127,288)		(160,979)
Purchase	of investments			18	(411,080)		(806,188)
Proceeds	on disposal	ofinvestments		18	860,555		401,430
Investment	income received			5	14,460		7,726
Net cash	generated	from/(used in)
investing	activities					336,647		(558,011)
Financing	activities
Proceeds/(repayment)		ofbank loans		22	(12,507)		99,200
Proceeds/(repayment)		ofother loans		22	300,000
Net cash	generated	from financing
activities						287,493		99,200
Net (decrease)/increase in			cash and	cash
equivalents						(288,451)		263,480
Cash and	cash equivalents		at beginning	ofyear		495,923		232,443
Cash and	cash equivalents		at end of	year		207,472		495,923

Freehold	property	(buildings)	Over the remaining	life ofthe building
Freehold	property	(installations)	5-10%per annum	straight line basis
Leasehold	property	(buildings)	Over the period of	each lease
Leasehold	property	(installlations)	10-20% per annum	straight line basis
Furniture	and equipment		20% per annum straight line basis
Motor vehicles			20% per annum straight line basis
Horses			Over the expected	lifetime ofthe animal

				Unrestricted	Restricted	Total	Total
				funds	funds
				2022	2022	2022	2021
				F	F		F
Donations		and	gifts	238,017	55,456	293,473	1,240,643
Legacies	receivable			405,667		405,667	100,000
Government		grants		6,800		6,800	316,822
Regular	giving		and capital donations	42,626		42,626	50,676
				693,110	55,456	748,566	1,708,141

			Unrestricted	Unrestricted
			funds	funds
			2022	2021
			f	f
Calvert Lakes fee income			981,984	495,167
Calvert Reconnections		fee income	395,276	256,530
			1,377,260	751,697
Investment	income
			Unrestricted	Unrestricted
			funds	funds
			2022	2021
				f
Dividends	receivable	from listed investments	13,947	6,701
Interest receivable			513	1,025
			14,460	7,726

						Unrestricted	Unrestricted
						funds	funds
						2022	2021
						f
	Business interruption		insurance		payout		218,936
7	Raising funds
						Unrestricted	Unrestricted
						funds	funds
						2022	2021
						F	F
	Costs ofgenerating		donations		and legacies
	Fundraising	costs				25,116	21,879
	Staff costs					100,621	81,071
	Costs ofgenerating		donations	and legacies		125,737	102,950
	Investment	management				3,746	2,019
						129,483	104,969

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10	Governance	costs	costs
											2022	2021
											f	f
	Audit fees										5,800	5,600
	Management		accountants		fees						12,825	11,843
											18,625	17,443
11	Net movement		in funds								2022	2021
											E	f
	Net movement		in funds	is stated			after	charging/(crediting)
	Audit fees										5,800	5,600
	Management	accountants			fees						12,825	11,843
	Depreciation	ofowned tangible				fixed		assets			282,066	262,261
12	Auditor's remuneration
	The analysis	ofauditor's		remuneration				is	as follows:
	Fees payable		to the charitable				company's			auditor:	2022	2021
											E	F
	Audit ofthe charitable company's						financial		statements		5,800	5,600
	Other fees to		management		accountants
	All other non-audit services				- management					accountants	12,825	11,843
13	Trustees

Staff costs	Staff costs
The average		monthly	headcount	number	of employees	(including	senior management	team)	during	the year
was:
								2022		2021
								Number		Number
Charitable	activities							62		56
Fundraising		and marketing						7		6
Total								69		62

14	Staff costs			(Continued)
	Employment	costs	2022	2021
	Wages and	salaries	1,561,625	1,161,343
	Social security costs		138,316	89,741
	Other pension costs		75,798	57,393
			1,775,739	1,308,477

						Unrestricted	Unrestricted
						funds	funds
						2022	2021
						f	F
Revaluation		of investments		- unrealised	gain/(loss)	(29,358)	3,799
Realised	gain/(loss)		on sale	of investments		2,155	7
Net gain/	(loss) on		investments			(27,203)	3,806

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				2022	2021
				f
Unrealised	surplus	on revaluation		353,205	353,205
Less: Accumulated		depreciation	as at 30 November	(102,025)	(98,493)
				251,180	254,712

		Listed	Unlisted	Total
		investments	investments
		K	F
Cost or valuation
At 1 December 2021		469,857	399,865	869,722
Additions		410,654	426	411,080
Valuation changes		(29,358)		(29,358)
Disposals		(460,267)	(400,288)	(860,555)
At 30 November	2022	390,886		390,889
Carrying amount
At 30 November	2022	390,886		390,889
At 30 November	2021	469,857	399,865	869,722

19	Financial	instruments	instruments			2022	2021
						E
	Carrying	amount	of	financial assets
	Instruments measured			at fair value through	profit or loss	390,886	469,857
20	Stocks
						2022	2021
						E	F
	Stocks					13,268	13,526
21	Debtors
						2022	2021
	Amounts	falling	due	within one year:
	Trade debtors					79,616	46,818
	Other debtors					409,167	29,945
	Prepayments and		accrued income			55,108	44,514
	VAT recoverable						1,063
						543,891	122,340

				2022	2021
				E	E
Bank loans				86,693	99,200
Other loans				300,000
				386,693	99,200
Payable	within one year			20,000	13,333
Payable	after one year			366,693	85,867
Amounts	included	above which	fall due after five years:
Payable	other than	by instalments		300,000

Creditors: am	ounts	falling due within one year
			Notes	2022f	2021 E
Bank loans			22	20,000	13,333
Other taxation	and social security			34,721	38,054
Deferred income			25	157,802	186,879
Trade creditors				108,599	66,093
Other creditors				2,493	1,763
Accruals				58,739	61,565
				382,354	367,687
Creditors: amounts		falling due after more than one year
				2022	2021
			Notes
Bank loans			22	66,693	85,867
Other borrowings				300,000
				366,693	85,867

25	Deferred	income
					2022	2021
					F
	Deferred	income	at 1 December	2021	186,879	204,286
	Amounts	released	from previous	periods	(144,635)	(104,487)
	Deferred	in the period			115,558	87,080
	Deferred	income	at 30 November	2022	157,802	186,879

	2022	2021
	E	E
Land and buildings
Within one year	2,501	2,501
Between two and five years	2,504	5,004
In over five years	33	34
	5,038	7,539

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sheet date the amount	due to/from Mart	due to/from Mart	in G	Mullin was FNil	(2021 - fNil).
Cash generated from	operations				Notes	2022f	2021 f
(Deficit)/surpus for the	year					(796,262)	488,001
Adjustments for:
Investment income recognised		in statement		offinancial
activities						(14,460)	(7,726)
Fair value gains and losses on		investments				29,358	(3,799)
Depreciation and impairment oftangible			fixed assets			282,066	262,261
Movements in working	capital:
Decrease in stocks					20	258	356
(Increase) in debtors					21	(421,551)	(26,632)
Increase in creditors					23	37,077	27,237
(Decrease) in deferred	income				25	(29,077)	(17,407)
Cash (absorbed by)/generated		from	operations			(912,591)	722,291

33	Analysis	ofchanges	ofchanges	in net debt
					At	1 December	Cash flows	At 30 November
						2021		2022
						f
	Cash at	bank and	in hand			495,923	(288,451)	207,472
	Loans falling due		within	one year		(13,333)	(6,667)	(20,000)
	Loans falling due		after	more than one year		(85,867)	(280,826)	(366,693)
						396,723	(575,944)	(179,221)