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|Legal and administrative
information||
|Trustees report|2-9|
|Auditors'
report to the trustees|10-12|
|Statement offinancial activities|13|
|Balance sheet||
|Cash flow statement|15|
|Notes to the financial statements|16-25|
|Charity name|Charity name|Grange Farm Centre Trust|Grange Farm Centre Trust|Grange Farm Centre Trust||||||
|---|---|---|---|---|---|---|---|---|---|
|Charity number||285162||||||||
|Registered|Office|181 High Street||||||||
|||Epping||||||||
|||Essex CM16 4BQ||||||||
|Clerk to the Trustees||Ms Laura Cleasby||||||||
|Trustees||Mr T N Johnson||Co-optative||Trustee —Chairman|reappointed|8 Nov 2022||
|||Mr JSalirn||Co-optative||Trustee —Treasurer||||
|||Mr P Minoletti||Co-optative||Trustee||||
|||Mrs M Sartin||Nominated|by Epping Forest District||Council reappointed||June 2023|
|||Cllr RW Church||Nominated||by Essex County Council||||
|||Cllr M Vance||Nominated||by Essex County Council||||
|||Cllr R Morgan||Nominated||by Epping Forest District|Council reappointed||June 2023|
|||Mrs V Metcaife||Co-optative Trustee||||||
|||Mrs RHolden||Nominated||by Epping Forest District|Council —retired May 2023|||
|||Cllr L Burrows||Nominated||by Epping Forest District|Councii appointed||June 2023|
|Custodian|Trustee|Epping Forest District||Council||||||
|||Civic Offices||||||||
|||High Street||||||||
|||Epping, Essex CM16||4BZ||||||
|Auditors||Heelers Chartered|Accountants||&Statutory Auditor|||||
|||Old Station Road||||||||
|||Loughton,
Essex IG104PL||||||||
|Bankers||Barclays Bank Pic||||||||
|||75 High Street||||||||
|||Brentwood, Essex|CM14 4RP|||||||
|investment|Advisors|Quilter Cheviot
Ltd||||||||
|||Senate Hose||||||||
|||85Queen Victoria|Street|||||||
|||London EC4V 4AB||||||||
|Solicitors||Foskett,
IVIarr, Gadsby 8 Head LLP||||||||
|||181 High Street||||||||
|||Epping,
Essex CM164BQ||||||||
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||||Unrestricted|Restricted|||
|---|---|---|---|---|---|---|
||||Funds|Funds|2023|2022|
||||||Totai|Total|
|||Notes|||R|R|
|INCOME FROM:|||||||
|Investments|||406,062|52,546|458,608|436,606|
|Letting|||30,000||30,000|30,000|
|Total income|||436,062|52,546|488,608|466,606|
|EXPENDITURE ON:|||||||
|Charitable
activities|||481,073|188,468|669,541|752,217|
|Total expenditure|||481,073|188,468|669,541|752,217|
|Net gains
/ (losses) on investment|assets||(100,290)|(1,190,544)|(~1,290,834|789,020|
|Net income I (expenditure)|||(145,301)|(1,326,466)|(1,471,767)|503,409|
|Other recognised
gains / (losses)|||||||
|Net movement
in funds|||(145,301)|(1,326,466)|t1,471,767)|503,409|
|Reconciliation
offunds:|||||||
|Total funds brought
forward|||1,165,347|16,731,627|17,896,974|17,393,565|
|Total funds carried forward|||1,020,046|15,405,161|16,425,207|17,896,974|
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|||||2023||
|---|---|---|---|---|---|
||||Notes|R||
|Cash flows from operating
activities:||||||
|Cash generated
from operations|||CF1|(451,871)|(601,382)|
|Net cash (used in) / provided
by operating||activities||(451,871)|(601,382)|
|Cash flows from investing
activities:||||||
|Purchase oftangible fixed assets||||(79,726)||
|Purchase offixed asset investments||||(3,263,058)|(1,435,896)|
|Sale offixed asset investments||||3,055,038|1,702,505|
|Interest and dividends
received||||458,608|436,606|
|Net cash provided
by (used in) investing||activities||170,862|703,215|
|Change
in cash &cash equivalents|(note|15)||(281,009)|101,833|
|Cash &cash equivalents
at 6April 2022||||309,776|207,943|
|Cash &cash equivalents
at 5April 2023||||28,767|309,776|
##
||||||2023|2022|
|---|---|---|---|---|---|---|
|Net income|/ (expenditure)||||(1,471,767)|503,409|
|Adjustments|for:||||||
|Net (gains)/losses
on||investment|assets||1,290,834|(789,020)|
|Depreciation|charges||||126,657|126,657|
|Interest and|dividends|received|||(458,608)|(436,606)|
|(increase)
/|decrease|in debtors|||1,420|(6,580)|
|increase/ (decrease)||in creditors|||59,593|758|
|Net cash (used in) /||provided|by operating|activities|(451,871)|(601,382)|
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|||Unrestricted|Restricted|||
|---|---|---|---|---|---|
|||Funds|Funds|Total|Total|
|||2023|2023f|2023
R|2022|
||Investment
Income|||||
||Bank interest receivable and currency gains|295||295|10|
||Investment
interest|||||
||UK Government
stocks|||||
||Fixed interest securities|||||
||UK equities|||||
||Overseas
equities|458,313||458,313|436,596|
||Reallocation|(52,546)|52,546|||
|||406,062|52,546|458,608|436,606|
|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|54,512||54,512|89,039|
||Renovations
and drainage ofthe sports|||||
||pitches||||60,914|
||Support costs (note 5)|426,561|188,468|615,029|602,264|
|||481,073|188,468|669,541|752,217|
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|Analysis ofsupport|costs|Unrestricted
Funds|Restricted
Funds|Total
2023|Total
2022|
|---|---|---|---|---|---|
|Audit fees||10,926||10,926|7,800|
|Clerks management|fees|27,840||27,840|26,040|
|Bank charges||||||
|Legal and professional
fees||6,767||6,767|13,241|
|Investment
management
fees||5,208|61,812|67,020|73,844|
|Roding Valley Nature|Reserve|20,697||20,697|19,526|
|Grange Farm Sports|Centre|||||
|Ltd||310,000||310,000|275,000|
|Chigweli
Meadows
Limited||42,000||42,000|60,000|
|Depreciation —buildings
car||||||
|parks and playground|||126,656|126,656|126,656|
|Trustee training expenses|||||113|
|Sundries||3,123||3,123|44|
|||426,561|188,468|615,029|602,264|
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|Tangible|fixed|assets||||||
|---|---|---|---|---|---|---|---|
||||Restricted Funds||Unrestricted|Total|Total|
||||||Funds|||
||||Freehold
Land|Buildings, car
parks and
Playground|Asset under
construction|2023|2022|
||||R|R||||
|Cost||||||||
|At 6 April|2022||5,100|3,571,831||3,576,931|3,576,931|
|Additions||||3,000|76,726|79,726||
|At 5 April|2023||5,100|3,574,831|76,726|3,656,657|3,576,931|
|Accumulated||depreciation||||||
|At 6 April|2022|||847,724||847,724|721,067|
|Provided|in year|||126,657||126,657|126,657|
|At 5 April|2023|||974,381||974,381|847,724|
|Net book|value|||||||
|At5April|2023||5,100|2,600,450|76,726|2,682,276|2,729,207|
|At 5Apl'll|2022||5,100|2,724,107||2,729,207|2,855,864|
##
||||Total|Total|
|---|---|---|---|---|
||||2023|2022|
|Valuation|||R||
|At 6 Aprii|2022||14,936,604|14,414,193|
|Additions|||3,263,058|1,435,896|
|Disposals|||(3,055,038)|(1,702,505)|
|Revaluation|||(1,290,834)|789,020|
|At 5 April|2023||13,853,790|14,936,604|
|Investments|—Capital acoount||(118,851)|245,358|
|Total value at 5 April 2023|||13,734,939|15,181,962|
|Investments|are held within portfolios managed|in the UK.|||
|Historical costas at 5April 2023|||12,838,867|13,155,344|
|Histodcal costas at 5April 2022|||13,155,344|12,988,544|
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||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|
||||2023|2022|
|||||R|
|income tax||2,950|2,950|2,950|
|Other debtors||58,147|58,147|59,567|
|||61,097|61,097|62,517|
##
|Creditor|s: amount|s
falling due within|one year||||
|---|---|---|---|---|---|---|
||||Restricted|Unrestricted|Total|Total|
||||||2023|2022|
|Chigwell|Meadows|Limited||||11,500|
|Grange|Farm Sports Centre Ltd|||46,210|46,210|19,401|
|Other creditors||||62,154|62,154|45,599|
|Expense|creditors|||92,371|92,371|64,642|
|||||200,735|200,735|141~142|
##
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|Analysis ofnet assets|between
funds|||||
|---|---|---|---|---|---|
|||Fixed||Net current|Total|
|||Assets|Investments
E|liabilities
f|funds|
|Restricted Funds||||||
|Fund A||100|||100|
|Fund B||2,605,450|10,976,224||13,581,674|
|Sports Field and Pavilion|Fund||1,150,131||1 ~150,131|
|Open Spaces Fund|||532,576||532,576|
|Access Way Fund|||140,680||140,680|
|Unrestricted
Funds||76,726|935,340|18,180|1,030,246|
|||2,682,276|'l3,734,951|18,180|16,435,407|
##
||||At|||||
|---|---|---|---|---|---|---|---|
||||||Capital|||
||||5April|Incoming|Gains/|Outgoing|5April|
||||2021|resources|(losses)|resources|2022|
||||R|R|R||R|
|Restricted|Fund|A|'f00||||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
6231|(2,208)
~583|558,300
147,475|
||||16,209,017|50,056|728,284|(255,730)|16,731,627|
||||At||||At|
||||||Capital|||
||||5April|Incoming|Gains/|Outgoing|5April|
||||2022|resources|(losses)|resources|2023|
|||||R|F||R|
|Restricted|Fund|A|100||||100|
|Restricted|Fund|B|14,817,102||(1,054,047)|(181,381)|13,581,674|
|Sports Pavilion||Fund|1,208,650|33,776|(87,740)|(4,555)|1,150,131|
|Open Space Fund
Access Way Fund|||558,300
147,475|14,848
3,922|(38,569)
~10,188|(2,003)
~529|532,576
140,680|
||||16,731,627|52,546|(1,190,544)|(188,468)|15,405,161|
##
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|13.|Unrestricted|Funds|At||||At|
|---|---|---|---|---|---|---|---|
||||5April
2021|incoming
resources|Capital
Gains/
(losses)|Outgoing
resources|5April
2022|
||||R|R|R|R||
||Unrestricted|Funds|1,184,548|416,550|60,736|(496,487)|1 ~165,347|
||||||||At|
||||||Capital|||
||||5April
2022|Incoming
resources|Gains/
(losses)|Outgoing
resources|8April
2023|
|||||R|R|||
||Unrestricted|Funds|1,165,347|436,062|(100,290)|(481,073)|1,020,046|
##
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|Analysis|ofchanges
in cash 8 cash equ|ivalents|||
|---|---|---|---|---|
|||At 6Apr'il||At 5April|
|||2022|Cash flows|2023|
|||R|R||
|Cash 8 cash equivalents|||||
|Cash at bank||64,418|83,200|147,618|
|Investment|cash|245,358|~364,209|(118,851)|
|||309,776|(281,009)|28,767|
##
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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 I(losses) on investment||assets||60,736|728,284|789,020|2,800,936|
|Net income I(expenditure)||||(19,201)|522,610|503,409|2,745,431|
|Other recognised|gains 1(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|