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|||||||Page|
|---|---|---|---|---|---|---|
|Reference and Administrative|||Details|ofthe Charity,|its Trustees and Advisers||
|Trustees'
Report||||||2-10|
|Independent|Auditor's|Report|on the|Financial Statements||11 - 14|
|Consolidated|Statement of Financial|||Activities||15|
|Consolidated|Balance|Sheet||||16-17|
|Charity Balance Sheet||||||18-19|
|Consolidated|Statement ofCash Flows|||||20|
|Notes to the|Financial|Statements||||21 -47|
##
|Trustees|||D M Sleight,|Trustee|Trustee|(resigned|31 January 2021)|
|---|---|---|---|---|---|---|---|
||||B M Conway,|Trustee||||
||||P A Tolman,|Trustee||||
||||D L Rose (appointed|||31 January|2021)|
|Company|Registered|||||||
|Number|||01332670|||||
|Charity Registered||||||||
|Number|||274605|||||
|Registered||Office|Manor Farm|||||
||||Church
End|||||
||||Wood Walton|||||
||||Huntingdon|||||
||||Cambridgeshire|||||
||||PE28 5YU|||||
|Company|Secretary||BJ Garlick|||||
|Independent||Auditors|MHA Maclntyre||Hudson|||
||||Chartered
Accountants|||||
||||1 The Forum|||||
||||Minerva
Business Park|||||
||||Lynch Wood|||||
||||Peterborough|||||
||||PE2 6FT|||||
|Bankers|||NatWest|||||
||||92 High Street|||||
||||Huntingdon|||||
||||PE29 3DT|||||
|Solicitors|||Devonshires|||||
||||30 Finsbury|Circus||||
||||London|||||
||||EC2M 7DT|||||
##
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##
|||~ .
~
~||||~
s|
|---|---|---|---|---|---|---|
|Slovakia|ADRA|6,000 Individuals
from hard-to-reach
areas|will||receive|$100,000|
|||the COVID vaccine. Others will be trained;|||||
|||disadvantaged
women
will be provided
with|||||
|||s chosocial activities|||||
|Serbia, Albania,|ADRA|Vaccination to4,600 Rorna, homeless and|socially|||$100,000|
|Bulgaria||vulnerable
groups
in 3countries|||||
|Cape Verde|Red Cross|Provide wheelchairs forthe needy in Cabo|Verde in co-|||$150,000|
|||operation
with the Red Cross|||||
|Kosovo|HandiKos|Provide wheelchairs
for the needy in Kosovo||in||$70,000|
|||coo eration with the HandiKos|||||
|Albania|ADRF|Provide wheelchairs
forthe needy in Albania||in||$150,000|
|||cooperation
with the ADRF|||||
|Romania|Motivation|Provide wheelchairs
forthe needy in Romania|||in|$70,000|
||Romania|cooperation
with the Motivation
Romania|||||
|Bosnia|Rehab|Provide wheelchairs
forthe needy in Bosnia in||||$70,000|
||Hospital in|cooperation
with the Rehab Hospital
in Banja||Luka|||
||Ban a Luka||||||
|Cape Verde|AFOSOL|Clean drinking
water for neighbourhood
residence||||$400,000|
|Germany|Red Cross|Support for Afghan Evacuees at Rhine Ordinance||||$300,000|
|||Barracks|||||
|Albania|Red Cross|Mobility support for Albania (Wheelchairs,|walkers,|||$178,657|
|||crutches, canes and prosthetics)|||||
|Bosnia|Muslim
Aid|Long term partnership
with Muslim
Aid to|assist poor|||$152,822|
|||rural families
in Bosnia and Herzegovina
establish|||||
|||roductive and sustainable
reenhouses|||||
|||||||$1$81479|
##
|||||||~|~||~
-s|
|---|---|---|---|---|---|---|---|---|---|
|London|Temple|Major|Renovation|works|to|London|England|LDSTemple|f563,988|
|Preston|Temple|Major|Renovation|works|to|Preston|England|LOSTemple|f547,427|
||||||||||fl 111415|
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|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2021|2021|2020|
||||Note|f000|OOOO|FOQO|
|Income from:|||||||
|Other trading
activities: Income from trading|||||||
|subsidiaries||||7,233|7,233|6,014|
|Investments||||2|2|37|
|Other income||||211|211|143|
|Total income||||7,446|7,446|6,194|
|Expenditure
on:|||||||
|Raising funds:|||||||
|Trading
activities||||4,632|4,632|4,308|
|Other||||559|559|547|
|Charitable
donation||||2,007|2,007||
|Raising funds||||12|12|18|
|Total expenditure||||7,210|7,210|4,873|
|Net income before||taxation||236|236|1,321|
|Taxation||||(433)|(434)|(137)|
|Net movement|in funds|||(197)|(197)|1,184|
|Reconciliation|offunds:||||||
|Total funds
brought||forward||104,459|104,459|103,275|
|Net movement|in funds|||(197)|(197)|1,184|
|Total funds carried||forward||104,262|104,262|104,459|
##
||||||2021||2020|
|---|---|---|---|---|---|---|---|
||||Note||f000||OOOO|
|Fixed assets||||||||
|Intangible
assets|||12||||26|
|Tangible assets|||13||70,256||70,523|
||||||70,256||70,549|
|Current assets||||||||
|Stocks|||16|7,265||6,637||
|Debtors|||17|3,192||1,963||
|Cash at bank|and|in hand|24|25,312||26,618||
|||||35,769||35,218||
|Creditors: amounts||falling due within one||||||
|year|||18|(1,159)||(814)||
|Net current|assets||||34,610||34,404|
|Total assets|less|current liabilities|||104,866||104,953|
|Provisions
for liabilities|||19||(604)||(494)|
|Total net assets|||||104,262||104,459|
|Charity funds||||||||
|Unrestricted|funds:|||||||
|Share capital|||20|10,000||10,000||
|Unrestricted|funds||20|94,262||94,459||
|Total unrestricted||funds|20||104,262||104,459|
|Total funds|||||104,262||104,459|
##
##
|||||||2021||2020|
|---|---|---|---|---|---|---|---|---|
|||||Note||f000||f000|
|Fixed assets|||||||||
|Tangible assets||||13||623||688|
|Investments||||15||9,450||9,450|
|Investment
property||||14||133,746||130,944|
|||||||143,819||141,082|
|Current assets|||||||||
|Debtors||||17|5,125||4,436||
|Cash at bank|and|in|hand||8,342||10,447||
||||||13,467||14,883||
|Creditors: amounts|||falling due within one||||||
|year||||18|(434)||(372)||
|Net current|assets|||||13,033||14,511|
|Total assets|less|current liabilities||||156,852||155,593|
|Total net assets||||||156,852||155,593|
|Charity funds|||||||||
|Unrestricted|funds||||||||
|Share capital||||20|10,000||10,000||
|Unrestricted|income||funds|20|80,412||81,766||
|Revaluation|reserves|||20|66,440||63,827||
|Total unrestricted||funds||20||156,852||155,593|
|Total funds||||||156,852||155,593|
##
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||Note|f000|f000|
|Cash flows from operating||activities||||||
|Net cash|used
in operating|activities|||23|(692)|2,282|
|Cash flows from investing||activities||||||
|Proceeds|from the sale oftangible
fixed||assets|||300|265|
|Purchase|of intangible
assets||||||(10)|
|Purchase|oftangible
fixed assets||||13|(916)|(4,027)|
|Interest received|||||4|2|37|
|||||||I||
|Net cash|used
in investing|activities||||(614)|(3,735)|
|Change|in cash and cash|equivalents|in|the year||(1,306)|(1,453)|
|Cash and|cash equivalents|at the beginning||ofthe year||26,618|28,071|
|Cash and cash equivalents||at the end|of|the year|24|25,312|26,618|
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|||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|funds|
|||||||2021|2021|2020|
|||||||OOOO|f000|2000|
||Interest receivable|from interest||bearing|accounts|||37|
|5.|Other incoming|resources|||||||
|||||||Unrestricted|Total|Total|
|||||||funds|funds|funds|
|||||||2021|2021|2020|
|||||||OOOO|OOOO|f000|
||Profit on disposal|oftangible|fixed assets|||211|211|143|
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2020|
|||f000|f000|8000|
|Operating|costs of parent company|571|571|565|
|Trading of|subsidiary|4,632|4,632|4,308|
|Charitable|donation|2,007|2,007||
|||7,210|7,210|4,873|
##
##
||||||Total|Total|
|---|---|---|---|---|---|---|
|||Staff costs|Depreciation|Other costs|funds|funds|
|||2021|2021|2021|2021|2020|
|||OOOO|OOOO|OOOO|OOOO|f000|
|Operating|costs of parent||||||
|company|||491|81|571|565|
|Trading of|subsidiary|1,089|596|2,946|4,632|4,308|
|Charitable|donation|||2,007|2,007||
|Total 2021||1,089|1,087|5,034|7,210|4,873|
|Total 2020||1,121|1,040|2,712|4,873||
##
|||Activities||||
|---|---|---|---|---|---|
|||undertaken|Support|Total|Total|
|||directly|costs|funds|funds|
|||2021|2021|2021|2020|
|||OOOO|FOOO|F000|f.000|
|Operating|costs of parent company|519|52|571|565|
|Trading of|subsidiary|4,619|13|4,632|4,308|
|Charitable|donation|2,007||2,007||
|Tota I 2021||7,145|65|7,210|4,873|
|Total 2020||4,811|62|4,873||
##
##
##
|||Operating|||||
|---|---|---|---|---|---|---|
|||costs of|Trading of|Charitable|Total|Total|
|||parent|subsidiary|donation|funds|funds|
|||2021|2021|2021|2021|2020|
|||f000|f000|f000|OOOO|f000|
|Staff costs|||1,089||1,089|1,121|
|Depreciation||489|596||1,085|1,040|
|Trading
activities||(21)|2,934||2,913|2,606|
|Charitable|donation|||2,007|2,007||
|Donations|and other|51|||51|44|
|Tota I 2021||519|4,619|2,007|7,145|4,811|
|Total 2020||515|4,296||4,811||
|||Operating||||
|---|---|---|---|---|---|
|||costs of|Trading of|Total|Total|
|||parent|subsidiary.|funds|funds|
|||2021|2021|2021|2020|
|||f000|f000|OOOO|f000|
|Audit|ofSubsidiary||13|13|12|
|Legal||44||44|42|
|Audit|ofParent|8||8|8|
|||52|13|65|62|
|Total|2020|50|12|62||
##
##
##
||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||OOOO|f000|
|Depreciation||oftangible||fixed assets owned|by the charitable|group|1,084|1,040|
|Amortisation||of intangible||assets|||26|26|
|Auditor's|remuneration||-|audit|||20|19|
|Auditor's|remuneration||—other financial services||||2|1|
|Operating|lease rentals||||||4|4|
|Profit on|disposal of fixed assets||||||(211)|(143)|
|Pension|cost||||||260|299|
|Staff costs|||||||||
||||||||Group|Group|
||||||||2021|2020|
||||||||OOOO|f000|
|Wages and salaries|||||||751|737|
|Social security costs|||||||78|85|
|Other pension||costs|||||260|299|
||||||||1,089|1,121|
##
|||||||Group|Group|
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||No.|No.|
|Production|and administration|||||17|17|
|The average||headcount|expressed as full-time|equivalents|was:|||
|||||||Group|Group|
|||||||2021|2020|
|||||||No.|No.|
|Production|and administration|||||17|17|
##
##
|Group|Group|
|---|---|
|2021|2020|
|No.|No.|
##
|re|cei|ved
remuneration
or pe|nsion
contributions.
The r|emunerati|on|paid is outline|d
below:||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||||||||f000|F.OOO|
|B|M|Conway|Remuneration||||99|106|
||||Company|pension|contributions||||
||||to defined|contribution||pension|||
||||schemes||||33|21|
##
##
##
|Taxation||||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||f.000|f000|
|Corporation
tax||||||||
|Tax charge||||||324|24|
|Total current tax||||||324|24|
|Deferred tax||||||||
|Origination
and reversal|||of timing differences|||109|113|
|Total deferred tax||||||109|113|
|Taxation on net income||||||433|137|
|The tax assessed
for the|||year is higher|than (2020 - lower than) the standard||rate ofcorporation|tax in the|
|UK of 19'%%d (2020 -|19%).The differences are explained||||below:|||
|||||||2021|2020|
|||||||f000|E000|
|Surplus
on ordinary|activities before tax|||- AgReserves|Limited|1,591|729|
|Effects of:||||||||
|Surplus
on ordinary|activities
multiplied|||by the standard|rate ofcorporation|||
|tax in the UK of 19/o (2020 -19/o)||||||303|139|
|Other timing differences|||and disallowed|expenditure||21|(115)|
|Orgination
and reversal||oftiming differences||||109|113|
|Total tax charge for the|||year|||433|137|
##
##
|12.|Intangible
assets||
|---|---|---|
||Group||
|||Single farm|
|||payment|
|||entitlements|
|||f000|
||Cost||
||At 1 January 2021|435|
||At 31 December 2021|435|
||Amortisation||
||At 1 January 2021|409|
||Charge for the year|26|
||At 31 December 2021|435|
||Net book value||
||At 31 December 2021||
||At 31 December 2020|26|
##
##
##
##
|||||Land||||
|---|---|---|---|---|---|---|---|
|||||Improv.|Assets|in||
|||Farm||Equipment|the course|||
|||houses 8||and||of||
||Freehold|Farm|Plant and|fixtures|constru|etio||
||land|buildings|machinery|and fittings||n|Total|
||OOOO|OOOO|f000|OOOO|f000||OOOO|
|Cost or valuation||||||||
|At 1 January 2021|53,874|16,792|5,592|925|644||77,827|
|Additions|||274||642||916|
|Disposals|||(582)|||(29)|(611)|
|Transfers
between||||||||
|classes||541||132|(673)|||
|At 31 December||||||||
|2021|53,874|17,333|5,284|1,057|584||78,132|
|Depreciation||||||||
|At 1 January 2021||4,198|2,876|230|||7,304|
|Charge for the year||456|595|33|||1,084|
|On disposals|||(513)||||(513)|
|At 31 December||||||||
|2021||4,654|2,958|263|||7,875|
|Net book value||||||||
|At 31 December||||||||
|2021|53,874|12,679|2,326|794|584||70,257|
|At 31 December||||||||
|2020|53,874|12,594|2,716|695|644||70,523|
##
##
##
||Farm||Assets
in||
|---|---|---|---|---|
||houses &|Equipment|the course||
||Farm|fixtures and|of||
||buildings|fittings|construction|Total|
||f000|OOOO|FOOO|OOOO|
|Cost or valuation|||||
|At 1 January 2021||47|644|802|
|Additions|||642|642|
|Disposals|||(29)|(29)|
|Transfers
between classes|||(673)|(673)|
|At 31 December 2021||47|584|742|
|Depreciation|||||
|At 1 January2021|72|42||114|
|Charge for the year|4|1||5|
|At 31 December 2021|76|43||119|
|Net book value|||||
|At 31 December 2021|35||584|623|
|At 31 December 2020|39||644|688|
##
||||Freehold|
|---|---|---|---|
||||investment|
||||property|
||||OOOO|
|Valuation||||
|At 1 January||2021|130,944|
|Surplus
on||revaluation|2,129|
|Transfers|between classes||673|
|At 31 December 2021|||133,746|
##
##
||Investments|'|
|---|---|---|
||in||
||subsidiary||
||companies||
|Charity|OOOO||
|Cost or valuation|||
|At 1 January 2021|9,450||
|At 31 December 2021|9,450||
|Net book value|||
|At 31 December 2021|9,450||
|At 31 December 2020|9,450||
##
|The following|was a subsidiary
undert|aking
ofthe Charity|:|||
|---|---|---|---|---|---|
|Name|||Company|Class of|Holding|
||||number|shares||
|Ag Reserves|Limited||02947030|Ordinary|100'/o|
|The financial|results ofthe subsidiary|for the year were:||||
|Name||Income|Expenditure|Profit for|Net assets|
|||f000|f000|the year|OOOO|
|||||f000||
|Ag Reserves|Limited|7,407|6,028|1,157|23,300|
##
##
##
||Group|Group|
|---|---|---|
||2021|2020|
||f000|FQQO|
|Cultivations|3,089|2,814|
|Crops|4,176|3,823|
||7,265|6,637|
##
|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
|||OOOO|f000|OOOO|FOOO|
|Due within one year||||||
|Trade debtors||3,076|1,796|||
|Amounts
owed by group undertakings||||5,125|4,315|
|Other debtors|||122||121|
|Prepayments|and accrued income|116|7|||
|Tax recoverable|||38|||
|||3,192|1,963|5,125|4,436|
##
##
##
||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2021|2020|2021|2020|
||||f000|FQOO|f000|FQOO|
|Trade creditors|||176|51|95||
|Amounts
owed|to group undertakings||||209|200|
|Corporation
tax|||210||||
|Other taxation|and social security||457|471|122|151|
|Other creditors|||59|19|||
|Accruals and deferred||income|257|273|||
||||1,159|814|434|372|
##
|||2021|2020|
|---|---|---|---|
|||f000|f000|
|At the beginning|ofthe year|518|381|
|Charge for the|year (P8L)|86|113|
|||604|494|
|The deferred|tax liability is made up as follows:|||
|---|---|---|---|
|||Group|Group|
|||2021|2020|
|||f000|f000|
|Accelerated|capital allowances|557|457|
|Other short|term differences|47|37|
|||(604)|(494)|
##
##
|Statement o|ffunds
-cur|rent year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1||||31|
|||January||||December|
|||2021|Income|Expenditure|Taxation|2021|
|||OOOO|f000|f000|f000|OOOO|
|Unrestricted|funds||||||
|Share capital||10,000||||10,000|
|Reserves||94,459|7,446|(7,210)|(433)|94,262|
|||104,459|7,446|(7,210)|(433)|104,262|
##
##
##
|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at||||31|
|||1 January||||December|
|||2020
FOOO|Income
FOOO|Expenditure
f000|Taxation
f000|2020
f000|
|Unrestricted|funds||||||
|Share capital||10,000||||10,000|
|Reserves||93,275|6,194|(4,873)|(137)|94,459|
|||103,275|6,194|(4,873)|(137)|104,459|
|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at 1||||31|
|||January||||December|
|||2021|Income|Expenditure|Taxation|2021|
|||FOOO|f000|FOOO|f000|f000|
|General|funds|104,459|7,446|(7,210)|(433)|104,262|
|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at||||31|
|||1 January||||December|
|||2020
f000|Income
FOOO|Expenditure
f000|Taxation
FOOO|2020
FOOO|
|General|funds|103,275|6,194|(4,873)|(137)|104,459|
##
##
##
##
|Analysis|of n|et asse|ts|between
funds
-current ye|ar||
|---|---|---|---|---|---|---|
||||||Unrestricted|Total|
||||||funds|funds|
||||||2021|2021|
||||||F000|f000|
|Tangible|fixed|assets|||70,256|70,256|
|Current|assets||||35,769|35,769|
|Creditors|due|within|one|year|(1,159)|(1,159)|
|Deferred|tax||||(604)|(604)|
|Total|||||104,262|104,262|
|Analysis|of net assets between
funds - prior year|||
|---|---|---|---|
|||Unrestricted|Total|
|||funds|funds|
|||2020|2020|
|||f000|f000|
|Tangible|fixed assets|70,523|70,523|
|Intangible|fixed assets|26|26|
|Current assets||35,218|35,218|
|Creditors|due within one year|(814)|(814)|
|Deferred|tax|(494)|(494)|
|Tl||104,459|104,459|
##
##
||||||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2021|2020|
||||||||||||f.000|f000|
||Net
(expenditure)/income||for||the|year|(as|per|Statement|of Financial|||
||Activities)||||||||||(197)|1,184|
||Adjustments
for:||||||||||||
||Depreciation
charges|(Note 13)|||||||||1,084|1,040|
||Amortisation
of intangible||assets (Note 12)||||||||26|26|
||Increase
in stocks (Note 16)||||||||||(628)|(506)|
||(Increase)/decrease|in debtors|||(Note|17)|||||(1,267)|812|
||Increase/(decrease)|in creditors|||(Note 18)||||||147|(148)|
||Interest received
(Note 4)||||||||||(2)|(37)|
||Profit on disposal offixed||assets (Note 8)||||||||(211)|(143)|
||Taxation||||||||||433|137|
||Income taxes paid||||||||||(77)|(83)|
||Net cash provided
by/(used|||in) operating|||activities||||(692)|2,282|
|24.|Analysis ofcash and cash equivalents||||||||||||
||||||||||||Group|Group|
||||||||||||2021|2020|
||||||||||||f000|f000|
||Cash
in hand||||||||||25,312|26,618|
||Total cash and cash equivalents||||||||||25,312|26,618|
|25.|Analysis
ofchanges|in net debt|||||||||||
|||||||At 1||At 31|
|---|---|---|---|---|---|---|---|---|
|||||||January||December|
|||||||2021|Cash flows|2021|
||||||||f000|f000|
|||||||FOOO|||
|Cash|at|bank|and|in|hand|26,618|(1,306)|25,312|
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|---|---|---|---|---|
||||2021|2020|
||||FOOO|F.OOO|
|Within|1|year|||
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