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|||Page|
|---|---|---|
|Legal and administrative
information|||
|Trustees report||2-9|
|Auditors'
report to the|trustees|10-12|
|Statement offinancial|activities|13|
|Balance sheet||14|
|Cash flow statement||15|
|Notes to the financial|statements|16-25|
|||Grange|Farm Centre|Farm Centre|Trust||||
|---|---|---|---|---|---|---|---|---|
||||Contents||||||
||||||||Grange Farm||
|Charity name||Grange Farm Centre||Trust|||||
|Charity number||285162|||||||
|Registered|Office|181 High Street|||||||
|||Epping|||||||
|||Essex CM16 4BQ|||||||
|Clerk to the Trustees||Mrs Laura Cleasby|||||||
|Trustees||Mr T N Johnson||Co-optative Trustee - Chairman|||||
|||Mr J Salim||Co-optative Trustee —Treasurer|||||
|||Mr P Minoletti||Co-optative Trustee|||||
|||Mr C BScrutton||Nominated|by Epping Forest District||Council —retired March 2022||
|||Cllr M Sartin||Nominated|by Epping|Forest District Council|||
|||Mr RW Church||Nominated|by Essex|County Council|||
|||Cllr M Vance||Nominated|by Essex|County Council|||
|||Cllr R Morgan||Nominated|by Epping|Forest District Council|||
|||Mrs V Metcalfe||Co-optative Trustee —appointed|||June 2021||
|||Mrs R Holden||Nominated|by Epping Forest Distdict||Council —appointed|Feb 2022|
|Custodian|Trustee|Epping Forest District||Council|||||
|||Civic Offices|||||||
|||High Street|||||||
|||Epping, Essex CM16||4BZ|||||
|Auditors||Haslers Chartered|Accountants||8 Statutory|Auditor|||
|||Old Station Road|||||||
|||Loughton,
Essex|IG104PL||||||
|Bankers||Barclays Bank Pic|||||||
|||183High Street|||||||
|||Epping, Essex CM16||4BH|||||
|Investment|Advisors|Quilter Cheviot
Ltd|||||||
|||Senate Hose|||||||
|||85 Queen Victoria|Street||||||
|||London EC4V 4AB|||||||
|Solicitors||Foskett, Marr, Gadsby||8 Head|||||
|||181 High Street|||||||
|||Epping,
Essex CM164BQ|||||||
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||||Unrestricted|Restricted|||
|---|---|---|---|---|---|---|
||||Funds|Funds|2022|2021|
||||||Total|Total|
|||Notes|||||
|INCOME FROM:|||||||
|Investments|||386,550|50,056|436,606|486,723|
|Letting|||30,000||30,000|30,000|
|Total income|||416,550|50,056|466,606|516,723|
|EXPENDITURE ON:|||||||
|Charitable
activities|||496,487|255,730|752,217|572,228|
|Total expenditure|||496,487|255,730|752,217|572,228|
|Net gains on investment|assets||60,736|728,284|789,020|2,800,936|
|Net income
/ (expenditure)|||(19,201)|522,610|503,409|2,745,431|
|Other recognised
gains /(losses)|||||||
|Net movement
in funds|||(19,201)|522,610|503,409|2,745,431|
|Reconciliation
offunds:|||||||
|Total funds brought
forward|||1,184,548|16,209,017|17,393,565|14,648,134|
|Total funds carried forward|||1,165,347|16,731,627|17,896,974|17,393,565|
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|||||2022|2021|
|---|---|---|---|---|---|
||||Notes|K||
|Cash flows from operating
activities:||||||
|Cash generated
from operations|||CF1|(601,382)|(318,856)|
|Net cash (used in) / provided
by operating||activities||(601,382)|(318,856)|
|Cash flows from investing
activities:||||||
|Purchase oftangible
fixed assets|||||(975)|
|Purchase offixed asset investments||||(1,435,896)|(2,952,989)|
|Sale offixed asset investments||||1,702,505|2,814,298|
|Interest and dividends
received||||436,606|456,231|
|Net cash provided
by (used in) investing||activities||703,215|316,565|
|Change
in cash &cash equivalents|(note|15)||101,833|(2,291)|
|Cash &cash equivalents
at 6April 2021||||207,943|210,234|
|Cash &cash equivalents
at 5April 2022||||309,776|207,943|
##
||||||2022|2021|
|---|---|---|---|---|---|---|
|Net income|(expenditure)||||503,409|2,745,431|
|Adjustments|for:||||||
|Net gains/(losses)
on||investment|assets||(789,020)|(2,800,936)|
|Depreciation|charges||||126,657|126,629|
|Interest and|dividends|received|||(436,606)|(486,723)|
|(Increase) /|decrease|in debtors|||(6,580)|29,236|
|Increase/ (decrease)||in creditors|||758|67,507|
|Net cash (used in) /||provided|by operating|activities|(601,382)|(318,856)|
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|||||Unrestricted|Restricted|||
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Total|Total|
|||||2022|2022|2022|2021|
||Investment
Income|||||||
||Bank interest receivable|and currency gains||10||10|137|
||investment
interest|||||||
||UK Government
stocks|||||||
||Fixed interest securities|||||||
||UK equities|||||||
||Overseas
equities|||436,596||436,596|486,586|
||Reallocation|||(50,056)|50,056|||
|||||386,550|50,056|436,606|486,586|
|3.|Letting Income|||||||
||Grange Farm Sports Centre Limited|||30,000||30,000|30,000|
||London Square Limited|||||||
|||||30,000||30,000|30,000|
||Charitable
activities|||||||
||Grants payable|||89,039||89,039|67,900|
||Renovations
and drainage||ofthe sports|||||
||pitches||||60,914|60,914||
||Support costs (note 5)|||407,448|194,816|602,264|504,328|
|||||496,487|255,730|752,217|572,228|
##
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|Analysis ofsupport|costs|Unrestricted
Funds|Restricted
Funds|Total
2022|Total
2021|
|---|---|---|---|---|---|
|Audit fees||7,800||7,800|7,770|
|Clerks management|fees|26,040||26,040|12,720|
|Bank charges||||||
|Legal and professional
fees||13,241||13,241|1,639|
|Investment
management
fees||5,684|68,160|73,844|65,345|
|Maintenance
cost||||||
|Roding Valley Nature|Reserve|19,526||19,526|19,275|
|Grange Farm Sports|Centre|||||
|Ltd||275,000||275,000|245,000|
|Chigwell
Meadows
Limited||60,000||60,000|25,000|
|Depreciation —buildings
car||||||
|parks and playground|||126,656|126,656|126,629|
|Trustee training expenses||113||113|950|
|Sundries||44||44||
|||407,448|194,816|602,264|504,328|
##
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|Tangible|fixed|assets||||||
|---|---|---|---|---|---|---|---|
||||Restricted Funds||Unrestricted|Total|Total|
||||||Funds|||
|||||Buildings, car||||
||||Freehold|parks and||||
||||Land|Playground||2022|2021|
|Cost||||||||
|At 6 April|2021||5,100|3,571,831||3,576,931|3,575,956|
|Additions|||||||975|
|At 5 April|2022||5,100|3,571,831||3,576,931|3,576,931|
|Accumulated||depreciation||||||
|At 6 April|2021|||721,067||721,067|594,438|
|Provided|in year|||126,657||126,657|126,629|
|At 5 April|2022|||847,724||847,724|721,067|
|Net book|value|||||||
|At 5 April|2022||5,100|2,724,107||2,729,207|2,855,864|
|At 5 April|2021||5,100|2,850,764||2,855,864|2,981,518|
##
|||||Total|Total|
|---|---|---|---|---|---|
|||||2022|2021|
|Valuation||||||
|At 6 April|2021|||14,414,193|11,474,566|
|Additions||||1,435,896|2,952,989|
|Disposals||||(1,702,505)|(2,814,298)|
|Revaluation||||789,020|2,800,936|
|At 5 April|2022|||14,936,604|14,414,193|
|Investments|—Capital account|||245,358|52,521|
|Total value at 5 April 2022||||15,181,962|14,466,714|
|Investments|are held within|portfolios managed|in the UK.|||
|Historical cost as at 5 April||2022||13,155,344|12,988,544|
|Historical cost as at 5 April||2021||12,988,544|12,663,862|
##
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||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||||2022|2021|
|Income|tax|||2,950|2,950|2,950|
|Other debtors||||59,567|59,567|52,987|
|||||62,517|62,517|55,937|
|Creditors: amounts||falling due within one year|||||
||||Restricted|Unrestricted|Total|Total|
||||||2022|2021|
|||||K|||
|Chlgwell|Meadows|Limited||11,500|11,500|36,500|
|Grange|Farm Sports Centre Ltd|||19,401|19,401|52,161|
|Other creditors||||45,599|45,599|42,800|
|Expense|creditors|||64,642|64,642|8,923|
|||||141,142|141,142|140,384|
##
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|Analysis ofnet a|ssets|between|funds||||||
|---|---|---|---|---|---|---|---|---|
||||||Fixed||Net current|Total|
||||||Assets|Investments|liabilities|funds|
|||||||K|K||
|Restricted Funds|||||||||
|Fund A|||||100|||100|
|Fund B||||2,729,107||12,087,995||14,817,102|
|Sports Field and Pavilion||Fund||||1,208,650||1,208,650|
|Open Spaces Fund||||||558,300||558,300|
|Access Way Fund||||||147,475||147,475|
|Unrestricted
Funds||||||1,179,554|(14,207)|1,165,347|
|||||2,729,207||15,181,974|(14.207)|17,896,974|
|e opinion ofthe trustees,||sufficient|resources are|held|in an appropriate
form to||enable each fund|to be|
|ied
in accordance|with any restrictions.||||||||
|Restricted Funds|||||||||
||||At|||||At|
|||||||Capital|||
||||5April|Incoming||Gains/|Outgoing|5April|
||||2020|resources||(losses)|resources|2021|
|||||||||K|
|Restricted
Fund A|||100|||||100|
|Restricted
Fund B|||12,227,500|||2,312,393|(180,576)|14,359,317|
|Sports Pavilion
Fund|||964,882||35,860|192,487|(4,491)|1,188,738|
|Open Space Fund
Access Way Fund|||424,367
112,097||15,764
4,164|84,614
22,351|(1,974)
~521|522,771
138,091|
||||13,728,946||55,788|2,611,845|(187,562)|16,209,017|
||||At|||||At|
|||||||Capital|||
||||5April|Incoming||Gains/|Outgoing|5April|
||||2021|resources||(losses)|resources|2022|
|||||||||E|
|Restricted
Fund A|||100|||||100|
|Restricted
Fund B|||14,359,317|||644,787|(187,002)|14,817,102|
|Sports Pavilion
Fund|||1,188,738||32,176|53,673|(65,937)|1,208,650|
|Open Space Fund
Access Way Fund|||522,771
138,091||14,144
3,736|23,593
6,231|(2,208)
~583|558,300
147,475|
||||16,209,017||50,056|728,284|(255,730)|16,731,627|
##
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|13.|Unrestricted|Funds|||||At|
|---|---|---|---|---|---|---|---|
||||||Capital|||
||||5April|Incoming|Gains/|Outgoing|5April|
||||2020|resources|(losses)|resources|2021|
|||||||f.||
||Unrestricted|Funds|919,188|460,935|189,091|(384,666)|1,184,548|
||||At||||At|
||||||Capital|||
||||5April|Incoming|Gains/|Outgoing|5April|
||||2021|resources|(losses)|resources|2022|
||Unrestricted|Funds|1,184,548|416,550|60,736|(496,487)|1,165,347|
##
|Analysis|ofchanges
in cash 8 cash equ|ivalents|||
|---|---|---|---|---|
|||At 5April||At 5April|
|||2021|Cash flows|2022|
|||K|K||
|Cash 8 cash equivalents|||||
|Cash at bank||155,422|(91,004)|64,418|
|Investment|cash|52,521|192,837|245,358|
|||207,943|101,833|309,776|
##
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||||Unrestricted|Restricted|||
|---|---|---|---|---|---|---|
||||Funds|Funds|2021|2020|
||||||Total|Total|
|||Notes|||K||
|INCONIE FROM:|||||||
|Investments|||430,935|55,788|486,723|436,120|
|Letting|||30,000||30,000|30,000|
|Total income|||460,935|55,788|516,723|466,120|
|EXPENDITURE ON:|||||||
|Charitable
activities|||384,666|187,562|572,228|620,340|
|Total expenditure|||383,366|187,562|572,228|620,340|
|Net gains /(losses) on investment|assets||189,091|2,611,845|2,800,936|(1,595,148)|
|Net income
/ (expenditure)|||265,360|2,480,071|2„745,431|(1,749,368)|
|Other recognised
gains /(losses)|||||||
|Net movement
in funds|||265,360|2,480,071|2,745,431|(1,749,368)|
|Reconciliation
offunds:|||||||
|Total funds brought
forward|||919,188|13,728,946|14,648,134|16,397,502|
|Total funds carried forward|||1,184,548|16,209,017|17,393,565|14,648,134|