OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-08-31-accounts

Page
Chair's Statement 2
Strategic Report
Financial
Review		 10
Governance
& Risk Management		 14
Thank you to our supporters 19
Independent
auditors'		 report to the members ofThe Dartington Hall Trust 20
Consolidated
Statement		 of Financial Activities for the year ended 31August 2022 24
Consolidated
and Charity Balance sheets as at		 31August 2022 29
Consolidated
Statement		 ofCash Flows for the year ended 31August 2022 26
Notes to the Financial Statements
for the year		 ended 31August 2022 27
Legal and Administrative Information 52

~5 ~Arii 2022
MA Regenerative Economics MA Arts & Place
MA Ecological Design Thinking MA/MFA
Arts & Ecology
MA Poetics of Imagination
June 2022
0 2 MA Movement Mind Ecology

2020/21
Total income E'000 Ratio% Variance
Charitable
activities		 7,395 60.0 2,219
Trading activities 3,534 28.7 976
Donations
and legacies		 335 2.7 (174)
Investment
and other income		 883 72 (206)
Coronavirus
Job Retention
Scheme grant 177 1.4 (174)
Totalincome 12,324 100.0 2,641

2020/21
Non-financial key performance indicators (Number)
Post-graduate students (FTE) 87
RiP Partner Organisations 212

Total
31/08/2021
Income from:
Donations and legacies
Income from charitable
activities
Income from trading activities		 ~H~RIWIRWIIMm~
~~I~RWIWWIRW
&MW1~1I&HIW&~1
Investment
and other income
Total income 12+24
Expenditure
on:
Expenditure
on charitable
activities
Expenditure
on trading activities		 ~WR~WR~WR~
~IRHWWIWR~~I
Expenditure
on investments
Expenditure
on raising funds
Closed defined benefit pension
scheme cost		 ~RI~IIRISSRI
Exceptional costs
Total Expenditure
Net (losses)/gains
on investments		 3,130
Net income / (expenditure) 1,672
Other recognised (losses):
Actuarial gains/(losses)
on defined
benefa pension scheme		 711
Net movement
in funds
Totalfunds
brought forward
Total funds carried forward

Group Charity
31August 31Aligust
2021 2021
6'000 6'000
fixed Assets:
Tangible assets 10,135 10,119
Heritage assets 621 621
Investments 20,174 20A74
Investments
in subsidiary		 undertakings
As
tsh Idf		 1775 1775
Total fixed assets 32,705 33,034
Current assets
Stock		 ~MS~ 296 1%~ ss
Debtors
Cash at bank and in hand 7,603 5,598
Total current assets 12,538 9,883
Creditors: amounts falling due within one
ear (4,936) (4493)
Net current assets 7,602 5,290
Total assets less current liabilities 40,307 38924
Creditors: amounts falling due after one
year (2,982 (2„rr82)
Net assets exduding pension liability 37325 35,342
Defined benefrt ension scheme liabili (842) (842)
Total net assets 36,483 34,500
The funds ofthe Charity:
Restricted income funds
Unrestricted
funds
Revaluation
reserve		 ~II~ »
18,710		 AHRI
RRW		 18,710
Pension reserve
Total unrestricted funds 34125 33,395
Total charity funds 36,483 34,500

Toyear end
31/08/2021
E'000
Cash flow from operating activities:
Net cash used in operating activities (7,249)
Cash flow from investing activities:
Interest and rents from investments
Purchase affixed assets		 ~MI 883
(860)
Proceeds from sale ofinvestments 767
Proceeds from sale ofassets held for resale 5,018
Net cash provided
by Investing
activities		 5,808
Cash flow from financing activities:
Loan principle
draw down		 3,000
Capital re ayments
on loan facility
Net cash (repaid) / received
in financing activities
Change in cash and cash equivalents in the re orting period 1,559
Cash and cash equivalents atthe beginning ofthe reportin eriod 6,044
Cash and cash equivalents atthe end ofthe reporting pediod 7,603

Freehold
property,		 fixed asset improvements 5 - 10years
Plant and equipment 4-40years
Musicalinstruments 4years
Computer
equipment		 4years
Motor vehicles 4-5 years
Assets under construction Not depreciated until asset is
complete

unrestricted Restricted Total
Year ended Yearended
31/OS/2021 31/08/2021 31/08/2021
' 6'OM 6'MO
Donations 96
Legacies 239
Total 56 279 335

Unrestricted Total
Year ended Year ended Year ended
31/0$/2021 31/OS/2021 31/0$/2021
6'MO F.'000 6'000
Grant income 536 537
Partner income 2,353 2,353
Contract income for services 2,864 2,864
Course fees 969 969
Admissions 71 71
Rents 567 567
Other 29
Total 6,854 541 7,395
Yearended
31/08/2022
6'000
Bdtish Film Institute
Devon County Council 17
Devon Garden Trust
Public Health England —Research in Practice 10
Salvia Foundation 75
School for Social Entrepreneurs 92
Serpentine
Galleries
Somerset County Council 14
Summer
School Foundation
YTKO Group 97
Other Statutory
grants		 29
Educational
institutions,		 charities and private trusts 166
Total rs':6 -'s~i~A, 537
Year ended
31/08/2021
6'000
Fee income for taught awards 724
Fee income for non-qualifying courses 245
Total 969

Year ended
31/00/2021
6'000
Total
Turnover 3,534
Costs (3,560)
Trading (loss) / profit (26)
Contribution to estate maintenance
aid directly to Dartington Hall Trust 175
Trading contribution to Dartington 149

Year ended
31/0$/2021
6'000
Interest on cash at bank
Interest on Seedbed loans
Rental income
Gain on sale ofinvestments
Government
grant		 177
Total 1,060

Total
Yearended
$1/08/2021
Expenditure
Expenditure		 on raising funds
on charitable
activities MMM~~		 E'000
Arts 5$7
Learning
Property		 5~~ 7,185
1,644
Total expenditure on charitable 9,416
activities
Expenditure on trading
activities		 3,560
Expenditure on investments 487
Cost ofclosed defined benefit
pension scheme 313
Exceptional costs (Note 7)
Total 13,802
Year ended
$1/0$/2021
Support costs 6'000
Finance 298
Human Resources &Payroll 157
Information
Technology		 234
Central Management 344
Communications 345
Governance ,44
Total 1,422

Year ended Yearended
81/08/2021 81/08/2021
Number E'000

Year ended
51/08/2021
E'000
Wages and salaries 5,561
socialsecurity costs
Other pension costs
Apprentice levy
C
Total 6,538
Yearended
31/08/2021
E'000
Total
Charity key management 512
Trading key management 44
Total Group Key management 556
Yearended
31/08/2021
E'000
Salaries and other short-term employment benefits 110
Employers Nl 14
Pension contributions 6
Total 130
Year ended
31/08/2021
f.'000
Chief Executive Officer'5 basic salary as a multiple ofthe median of
ag staff 4.3
Chief Executive Officer's total remuneration as a multiple ofthe
median of all staff 4.8
Yearended
31/08/2021
Number
Costs ofgenerating funds
Trading activities 52
Property and investment 21
Charitable activities 107
Total 181

Net (expenditure) / Group Charity
income isstated Yearended Year ended
after charging the 31/08/2021 31/08/2021
fallowing: f'WO E'WO
Auditors'
remuneration
Audit fees 46
VAT &Tax
advisory services
Operating
land
rentals:
Land and buildings 19
Oepreciation of
owned assets 421 424
Loss/(gain)
on
disposal ofassets
Fixed assets 62 62
Investment
assets		 (151) (151)
Assets for resale 900 900

IM~~~~m~~~~a~ IM~~~~m~~~~a~ IM~~~~m~~~~a~ IM~~~~m~~~~a~
At 31August 2021
Cost
Accumulated depreciation
Net book value
At 31August
Opening net
Additions		 2022
book amount		 Q ~~~'I~~~FA
~~~t
De reciation
Closing net book amount
At 31Allgus't 2022
Cost
Accumulated depreciation
Closing net book amount
1b
Group: Tangible		 assets
;]
~i~~~~,~~PM~~~K4kÃ
At 31August 2021
Cost
Accumulated depreciation
Net book value
At 31August 2022
Opening net book amount
Additions
Depreciation
Closing net book amount
At 31August 2022
Cost
Accumulated		 de
reciation		 'iM' 3( - od
fii;'"ts:i
Closing net book amount 19 '

Cost orvaluation
At 31August 2021
Seedbed loans repaid
Reversal ofprevious
impairment
provision
Revaluation
At31August 2022
2021
Investments in excess ofSSSoftotal investments E'000
Charity and group:
Investment properties 20,036

Group Charity
2021 .2021
E'000 E'000
At 31August 2021 7,518 7,518
Disposals (5,918) (5,918)
Revaluation/(Impairment) 175 175
At 31August 2022 1,775 1,775
Group Charity
2021 2021
Historical Cost E'000 E'000
Opening Balance 783 783
Closing Balance 400 400

Year ended 31August Year ended 31August 2022
Turnover
Otherincome
Totalincome
Total costs
Profit / (Loss) retained in
subsidiary
The assets and liabilities of
the subsidiaries were:
Total assets
Total liabilities
Total net assets
Aggregate share capital and
reserves
Year ended 31August Year ended 31August
2021
Turnover
Other income
Total income
Total costs
ProSt / (Loss) retained
in subsidiary
The assets and liabilities
ofthe subsidiaries
were:
Torsi asmn		 ~~~~~MIW~W~
WWM1lgS~I~IW~IW~
Total net assets
0 P
and reserves

Group Charity
2021 2021
6'000 6'000
Livestock 25
Consumable stores
Retailing
Raw materials 69 26
Total 53

6roup Charity
2021 2021
Trade debtors
Amounts
due
Other debtors		 from group undertakings ~~I%%~
IgIg~~~~		 6'000
1,264
3,103		 6'000
916
3,174
Prepayments and accrued income 272 142
Total 4,639 4,232

Group Charity
2021 2021
ERI00 1'000
Trade creditors 1,029 769
Amounts owed to group undertakings
Taxation and social security
Other creditors 617 321
Triodos Bank loan
Accruals and deferred income 2+20 2,813
Total 4,936 4,593
Fees received
in advance
Partner Grants received
Contract income
Grant income		 Fees received
in advance
Partner Grants received
Contract income
Grant income		 in advance ~~~RRRR1
~~&~SIWRM~RR
Rentalincome
Total
18 Creditors: amounts falling due after one year falling due after one year
~RMM Group Charity
IIW I 2021
6'000		 2021
E'000
2 82 2982
Total 2,982
Group Charity
2021 2021
E'000 F.'000
Within 1year
1-2years 113
2-5years
After 5years 2,505 2,505

Group fund balances at31August 2022
are represented
by:
Tangible assets
Assets for resale
Investments
Net current assets and liabilities falling
due within one year
Liabilities falling due after one year
Long term pension
liability
RM~
Charity fund balances at31August 2022
are represented
by:
Tangible assets
Assets for resale
Investments
Net current assets and liabilities falling
due within one year
Liabilities falling due after one year
Long term pension
liability

Unrestdicted
Funds
General fund
Designated funds:
Fixed asset fund
Maintenance
fund
Subsidiary
fund
RiP fund
Total designated
funds
Revaluation
fund
Pension reserve
Total unrestricted
funds
Restricted funds
Summer School
SEEDbed
Esmee Fairbairn
Caddy Legacy- mixed
Gyani
—Cabin
Wilson Legacy —listed
buildings
Schumacher
College
Schumacher
College
Foundation
Gardens
Other
Total restricted funds
Total funds

Yearended
31/08/2021
6'000
(a)
Reconciliation
ofnet income/(expenditure)
to net cash outflow from operating activities:
Net income/(expenditure)
forthe		 period 1,672
Depreciation 421
Investment
income		 (883)
Loss on disposal offixed assets 62
(Profit) on disposalof investments (131)
Loss on disposal ofassets held for resale 900
Revaluation
of investments		 (3,724)
Reversal of previous investment impairment provision (17)
Impairment/(revaluation)
ofassets		 held for resale (173)
Pension scheme return/(contribution) in excess of
charge to SoFA (1,698)
(Increase)/Decrease
in stocks		 42
Decrease/(Increase)
in debtors		 (2,427)
(Decrease)
in creditors		 (1,271)
Net cash outflow from operating activities (7,249)

Year ended
31/0$/2021,
E'000
(b)
Reconciliation ofnet cash flow to movements		 in
net funds and debt:
(Decrease)/ increase in cash and cash equivalents in the year 1,559
Repayment
ofCity Bridge Loan		 1,253
Triodos Loan
—Loan principal (3,000)
-Ca ital repa
ments
Movement
in net funds and debt in the year		 (188)
Net funds atthe beginning
ofthe period		 4,791
Net funds atthe end ofthe reporting
period
1September
2021
(c)
Analysis of		 net funds end debt:
Cash at bank and in hand 7603
Triodos Loan (3,000 15
Total (3,165)

o be a creative cotalgst f a creative cotalgst f or more just and sustainable
wags of Uvlng
Notes		 or more just and sustainable
wags of Uvlng
Notes		 tothe financial statements
The financial assumptions used by the actuary to calculate the scheme liabilities under FR5102were as follows:
K Year ended
31/08/2021
RPI inflation '3.4
CPI inflation 2.8
Rate ofincrease in pensions in payment:
In year following disclosure 2.3-2.8
Thereafter 2.3 - 2.8
Discount rate for liabilities 1.7
Pensions accrued from 6April 200 6 (tranche 3):CPI capped at 2.5%
Mortality table:
,Year ended
31/08/2021
Retiring today:
Males		 .o' 1,: Sse 21.7
Females 24.1
Retiring
in 20years
Males 22.7
Females 25.2
2021
Fair value
F.'000
Equities 12,211
Bonds 3,598
LDlfunds 3,750
Annuity policies 2,483
Cash
Net current assets 370
Total market value ofassets 22,412
Present value ofscheme liabilities (23,2S4)
Deficit in the scheme .(842)
Yearended
31/08/2021
E'000
Past service cost 74
Administrative expenses
Interest cost 338
Interestincome (303)
Total cost ofdefined benefit pension fund scheme 143
Actual return
on scheme assets:
Interest on pension assets 303
Actuarial
(loss)/gain
on assets		 1/534
Actual return on scheme assets 1,837
Yearendedto
'31/08/2021
6'000
Tots I actua ria I gain 711
Total actuarial gain 711
Total cumulative actuarial loss recognised in SOFA at1
September (6,397
Total cumulative actuarial loss recognised in SOFA at 31
August (5,686)
Yearended
31/08/2021
F'000
Deficit in scheme atthe start ofthe period (3,251)
Employer contributions 1,841
Past service cost 'p4)
Other finance cost (33)
Scheme expenses (34)
Actuarial
gain		 711
Deficit in scheme at end ofthe period (842)
yearended
31/08/2021
Reconciliation ofliabilities groOB
Liabilities atthe start ofthe year 23,033
Interest cost 338
Actuarial(gain)/loss 823
Benefits paid (1,014)
Past service cost 74
Liabilities atthe end ofthe period 23,254
yearended
31/08/2021
Reconciliation
ofassets		 8'000
Assets atthe start ofthe period 19,782
Interest income 303
Actuanal
gain		 1,334
Employer contributions 1,841
Scheme expenses (34)
Benefits paid (1;014)
Assets atthe end ofthe period 22,412

Group
2021
Land'and buildings
E'000
Less than one year 22
Later than one year and not later than five years
Over five years

Name Nature ofrelated party transaction
Rachel Wafson Ceased.to be a Director or Riv'erfotd
Organic
Farms Ltd on 2e June 2021.Dert)ngtpn paid
EOk '(2021:.E13k).Creditor balance'Enil (2021:
EOk)
Director of,Ben's Fa'rm shop. Dartingtbn paid
Enil (2021;E11.1k)for goods supplied.
Creditor balance Enil (2021'i EOk)