CHARITY REGISTRATION NUMBER: 285972
THANET COUNTRYSIDE TRUST FUND
UNAUDITED FINANCIAL STATEMENTS 31 MARCH 2022
NEVILLE WESTON
Chartered Certified Accountants
3 High Street St Lawrence Ramsgate Kent CT11 0QL
THANET COUNTRYSIDE TRUST FUND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| CONTENTS | PAGE |
|---|---|
| Trustees' Annual Report | 1 – 3 |
| Independent Examiner's Report to the Trustees | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7 - 15 |
| The following pages do not form part of the Financial Statements | |
| Detailed Statement of Financial Activities | 17 |
| Notes to the Detailed Statement of Financial Activities | 18 |
THANET COUNTRYSIDE TRUST FUND
TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022
The Trustees present their report and the unaudited financial statements of the Charity for the year ended 31 March 2022.
Reference and Administrative Details
Registered Charity Name Thanet Countryside Trust Fund Charity Registration Number 285972 Principal Office Monkton Nature Reserve Canterbury Road Monkton Nr Ramsgate CT12 4LH Kent The Trustees Mr Trevor Shonk Mr Leslie Shonk Mr Geoff Orton Mr Steve Villette (Retired 17 December 2021) Mr John Way Independent Examiner C J N Weston FCCA 3 High Street St Lawrence Ramsgate Kent CT11 0QL
Structure, Governance and Management
The organisation was set up in 1973 and registered as a Charity on 14th January 1982..
The Charity is managed by the Trustees under the terms of the governing trust deed dated 14th October 1982 and since amended by a resolution dated 24th August 2011.
Objectives and Activities
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1) The advancement of public education in ecology, natural history and related subjects
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2) The conservation protection and restoration for the public benefit of natural resources, natural beauty, animal and plant life and lands of ecological or scientific importance throughout the Isle of Thanet or in relation to such areas and/or such resources as the Trustees may from time to time Decide.
-
3) To provide for the benefit of the public facilities of a charitable nature for outdoor recreation in the aforesaid area of benefit.
- 1 -
THANET COUNTRYSIDE TRUST FUND
TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022
Achievements and Performance
The period began with the reserve still in 'lockdown' and access restricted to a small team of Trustees and volunteers that worked on security and essential maintenance under Covid-secure working practices.
From the end of April, members were invited to visit the reserve at weekends on a bookable basis and our Seasonal Education Officer (a salaried position using restricted funds from the Dulverton Trust via Kent Community Foundation) began inviting school groups for educational visits on weekdays. Further volunteers returned and new volunteers were engaged for both indoor and outdoor tasks; the latter involved ensuring the reserve was in good and safe condition for re-opening to visitors. Conservation work continued throughout the period, adhering to the 2021-26 Management Plan for the reserve.
In accordance with government guidelines, we were able to re-open to the public towards the end of July; opening times were restricted due to the availability of volunteers with Tuesday and Thursday being added to weekend opening. Limited key part-time staff (Centre Manager, General Assistants (2), Education Officer) were engaged thanks to the support of a grant from the Postcode Society Trust and a new 1-year part-time position of Outreach Officer was created with funding from long-time supporter Cummins Power Generation through the Global Giving Foundation. The combined efforts of volunteers, staff and Trustees ensured a period of sustained growth to the end of the financial year as incomes recovered and members returned and renewed subscriptions. Approximately 1,500 visitors came to the reserve between August and December and a recording system was put in place at the start of 2022 to provide accurate details of footfall from 1 January 2022. Between January and March, 1,755 people visited the reserve; this figure included 316 schoolchildren from 4 schools (2 Special Educational Needs).
Financial Review
A combination of revenue sources has enabled the trust to survive and thrive in challenging circumstances.
Operating income grew from £7k to £36k and the balance of overall income comprised £70k from donors, successful competitive grant applications and continued government Covid support. The main sources of operating income were from book sales, membership subscriptions, entrance fees (including school groups and organised visits) and café/gift shop sales. We are grateful to RiverOak Strategic Partnership and Pfizer for their donations and Thanet District Council who administered further government support. We acknowledge grant support from Colyer-Fergusson Charitable Trust, Cummins Power Generation, Postcode Society Trust and Kent Community Foundation. The latter award arrived just before the end of the financial year and is related to the Children, Young People and Families Themed Programme (Albert Burns Children's Foundation) for use with communities within Thanet.
Expenditure was carefully managed and only matched the previous year's total because of the unavoidable costs of a severe water leak that necessitated replacement of all mains pipework on the reserve (£15k, representing 25% of total expenditure).
- 2 -
THANET COUNTRYSIDE TRUST FUND
TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022
Plans for Future Periods
The successful re-opening of the reserve in July 2021 has vindicated the cautious and pragmatic approach to the challenging circumstances; the safety of all at the reserve has been uppermost in all planning and the slow financial recovery bodes well for the future.
We have continued to work on completing all projects for which unrestricted funds are held. We will seek new funding and alternative income sources to carry on our recovery in 2022-3, with a focus on educational work (our Education Officer is contracted until December 2022) and encouraging access to the reserve. The Thanet district remains amongst the most deprived communities nationally and we are committed to providing educational opportunities for local children.
Our financial position remains strong and efforts will continue to secure new funding as we seek to build financial sustainability in the medium term. The main sources of operational income continue to be entrance fees, memberships, book sales, sales through The Cabin café, shop, gift and plant sales and donations. We will focus on increasing our school and group visits as these represent vital revenue streams going forward.
We will endeavour to develop new income-generating activities, while at the same time being mindful of our expenditure in doing so. We are committed that any future surplus income will be reinvested into the work of the Trust and the upkeep of Monkton Nature Reserve, to maintain its viability for present and future generations.
In addition to the conservation value of Monkton Nature Reserve, we continue to focus on the health and welfare benefits of visits to the reserve, particularly for vulnerable people and those with mental health problems. We recognise that close association with nature is essential for well-being; and that these benefits are gained not only by our visitors but also by our numerous volunteers. The reserve is, and will continue to be, our major asset.
While our successful operation continues to rely on attracting visitors and creating income potential, our chief objective remains the husbandry of the reserve for the enjoyment of local communities. We are therefore cognisant not to damage or detract from the appeal of the reserve as a wildlife haven and are rigorous in protecting the site. Development will continue to be restricted to a limited area surrounding the Field Study Centre, which is more than adequate for current and predicted needs, enabling the habitats to grow and evolve naturally, in combination with necessary management of sensitive habitats and species.
In summary, we will continue to use any reserves judiciously in the uncertain circumstances, especially in the light of increased costs of energy and the looming impact of the 'cost of living crisis'. The Trustees will meet on a regular basis to assess our position. We still aim to achieve self-reliance to cover essential overheads and look forward to finding partners for further project development, especially in our educational offering.
The Trustees' annual report was approved on 25th January 2023 and signed on behalf of the board of Trustees by:
………………………………………………….. Mr Trevor Shonk Trustee
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THANET COUNTRYSIDE TRUST FUND
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
I report to the Trustees on my examination of the financial statements of Thanet Countryside Trust Fund ('the Charity') for the year ended 31 March 2022.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
3 High Street St Lawrence Ramsgate Kent CT11 0QL
C J N Weston FCCA Independent Examiner
Neville Weston Chartered Certified Accountants
25th January 2023
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THANET COUNTRYSIDE TRUST FUND
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| Funds | Funds | Total Funds | Total Funds | ||
| Note | £ | £ | £ | £ | |
| Income and Endowments | |||||
| Donations and legacies | 4 | 56,418 | 45,177 | 101,595 | 58,499 |
| Other trading activities | 5 | 4,576 | – | 4,576 | 281 |
| Investment income | 6 | 3 | 4 | 7 | 34 |
| ------------------------------- | ------------------------------- | ------------------------------------- | ------------------------------- | ||
| Total Income | 60,997 | 45,181 | 106,178 | 58,814 | |
| =============================== | =============================== | ===================================== | =============================== | ||
| Expenditure | |||||
| Expenditure on charitable activities | 7,8 | 41,471 | 25,173 | 66,644 | 59,485 |
| ------------------------------- | ------------------------------- | ------------------------------------- | ------------------------------- | ||
| Total Expenditure | 41,471 | 25,173 | 66,644 | 59,485 | |
| =============================== | =============================== | ===================================== | =============================== | ||
| Net Income/(Expenditure) and Net | |||||
| Movement in Funds | 19,526 | 20,008 | 39,534 | (671) | |
| =============================== | =============================== | ===================================== | =============================== | ||
| Reconciliation of Funds | |||||
| Total funds brought forward | 82,070 | 140,198 | 222,268 | 222,939 | |
| ------------------------------------- | ------------------------------------- | ------------------------------------- | ------------------------------------- | ||
| Total Funds Carried Forward | 101,596 | 160,206 | 261,802 | 222,268 | |
| ===================================== | ===================================== | ===================================== | ===================================== |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 14 form part of these financial statements. - 5 -
THANET COUNTRYSIDE TRUST FUND
STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| FIXED ASSETS | ||||
| Tangible fixed assets | 13 | 150,260 | 152,352 | |
| CURRENT ASSETS | ||||
| Debtors | 14 | 2,354 | – | |
| Cash at bank and in hand | 110,673 | 87,902 | ||
| ------------------------------------- | ------------------------------- | |||
| 113,027 | 87,902 | |||
| CREDITORS: amounts falling due within one | ||||
| year | 15 | 1,485 | 17,986 | |
| ------------------------------------- | ------------------------------- | |||
| NET CURRENT ASSETS | 111,542 | 69,916 | ||
| ------------------------------------- | ------------------------------------- | |||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 261,802 | 222,268 | ||
| ------------------------------------- | ------------------------------------- | |||
| NET ASSETS | 261,802 | 222,268 | ||
| ===================================== | ===================================== | |||
| FUNDS OF THE CHARITY | ||||
| Restricted funds | 160,206 | 140,198 | ||
| Unrestricted funds | 101,596 | 82,070 | ||
| ------------------------------------- | ------------------------------------- | |||
| TOTAL CHARITY FUNDS | 17 | 261,802 ===================================== |
222,268 ===================================== |
These financial statements were approved by the Board of Trustees and authorised for issue on 25[th] January 2023, and are signed on behalf of the board by:
……………………………………… …………………………………… Mr Trevor Shonk Trustee Trustee
The notes on pages 7 to 14 form part of these financial statements.
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THANET COUNTRYSIDE TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. GENERAL INFORMATION
The Charity is a public benefit entity and a registered Charity in England and Wales and is unincorporated. The address of the principal office is Monkton Nature Reserve, Canterbury Road, Monkton, Nr Ramsgate, Kent, CT12 4LH.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. ACCOUNTING POLICIES
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going Concern
There are no material uncertainties about the Charity's ability to continue.
Judgements and Key Sources of Estimation Uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund Accounting
Unrestricted funds are available for use at the discretion of the Trustees to further any of the Charity's purposes.
Designated funds are unrestricted funds earmarked by the Trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.
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THANET COUNTRYSIDE TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
3. ACCOUNTING POLICIES (continued)
Incoming Resources
All income is included in the statement of financial activities when entitlement has passed to the Charity, it is probable that the economic benefits associated with the transaction will flow to the Charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
Resources Expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a Charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the Charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the Charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible Assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
- Fixtures and fittings 20% straight line
- 8 -
THANET COUNTRYSIDE TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
3. ACCOUNTING POLICIES (continued)
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the Charity are assigned to those units.
Government Grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the Charity will comply with the conditions attaching to them and the grants will be received.
Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
Financial Instruments
A financial asset or a financial liability is recognised only when the Charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
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THANET COUNTRYSIDE TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
3. ACCOUNTING POLICIES (continued)
Financial Instruments (continued)
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| DONATIONS | |||
| Donations | 2,309 | – | 2,309 |
| GIFTS | |||
| HMRC Gift Aid | – | – | – |
| GRANTS | |||
| Grants receivable | 22,667 | 45,177 | 67,844 |
| Government grant income | – | – | – |
| SUBSCRIPTIONS | |||
| Membership Fees | 8,526 | – | 8,526 |
| OTHER DONATIONS AND LEGACIES | |||
| Entrance fees | 5,111 | – | 5,111 |
| Books | 8,801 | – | 8,801 |
| Talks and visits | 5,805 | – | 5,805 |
| Sundry income | 3,199 | – | 3,199 |
| ------------------------------- | ------------------------------- | ------------------------------------- | |
| 56,418 | 45,177 | 101,595 | |
| =============================== | =============================== | ===================================== |
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THANET COUNTRYSIDE TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
4. DONATIONS AND LEGACIES (continued)
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| DONATIONS | |||||
| Donations | 3,227 | 5,000 | 8,227 | ||
| GIFTS | |||||
| HMRC Gift Aid | 2,535 | – | 2,535 | ||
| GRANTS | |||||
| Grants receivable | 20,193 | 11,000 | 31,193 | ||
| Government grant income | 9,805 | – | 9,805 | ||
| SUBSCRIPTIONS | |||||
| Membership Fees | 1,723 | – | 1,723 | ||
| OTHER DONATIONS AND LEGACIES | |||||
| Entrance fees | – | – | – | ||
| Books | 4,679 | – | 4,679 | ||
| Talks and visits | – | – | – | ||
| Sundry income | 337 | – | 337 | ||
| ------------------------------- | ------------------------------- | ------------------------------- | |||
| 42,499 | 16,000 | 58,499 | |||
| =============================== | =============================== | =============================== | |||
| 5. | OTHER TRADING ACTIVITIES | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Fundraising | 417 | 417 | – | – | |
| Items sold, shop items/plants | 4,159 | 4,159 | 281 | 281 | |
| -------------------------- | -------------------------- | ---------------- | ---------------- | ||
| 4,576 | 4,576 | 281 | 281 | ||
| ========================== | ========================== | ================ | ================ | ||
| 6. | INVESTMENT INCOME | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2022 | |||
| £ | £ | £ | |||
| Bank interest receivable | 3 | 4 | 7 | ||
| ================ | ================ | ================ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| £ | £ | £ | |||
| Bank interest receivable | 11 | 24 | 34 | ||
| ================ | ================ | ================ |
- 11 -
THANET COUNTRYSIDE TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
7. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Nature Reserve | 41,471 | 25,173 | 66,644 |
| =============================== | =============================== | =============================== | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Nature Reserve | 54,562 | 4,924 | 59,485 |
| =============================== | ========================== | =============================== |
8. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE
| Activities | |||
|---|---|---|---|
| Undertaken | Total Funds | Total Fund | |
| Directly | 2022 | 2021 | |
| £ | £ | £ | |
| Nature Reserve | 66,644 | 66,644 | 59,485 |
| =============================== | =============================== | =============================== | |
| NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 2022 | 2021 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 2,092 | 2,092 | |
| ========================== | ========================== | ||
| INDEPENDENT EXAMINATION FEES | |||
| 2022 | 2021 | ||
| £ | £ | ||
| Fees payable to the Independent Examiner for: | |||
| Independent examination of the financial statements | 1,320 ========================== |
1,020 ========================== |
9. NET INCOME/(EXPENDITURE)
10. INDEPENDENT EXAMINATION FEES
11. STAFF COSTS
| The total staff costs and employee benefits for the reporting period are analysed as | The total staff costs and employee benefits for the reporting period are analysed as | follows: |
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Wages and salaries | 21,314 | 22,631 |
| Social security costs | 811 | 198 |
| ------------------------------- | ------------------------------- | |
| 22,125 | 22,829 | |
| =============================== | =============================== |
- 12 -
THANET COUNTRYSIDE TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
11. STAFF COSTS (Continued)
The average head count of employees during the year was 3 (2021: 6). The average number of full-time equivalent employees during the year is analysed as follows:
2022 2021 No. No. Number of staff 3 6 ================ ================
No employee received employee benefits of more than £60,000 during the year (2021: Nil).
12. TRUSTEE REMUNERATION AND EXPENSES
No remuneration or other benefits from employment with the Charity or a related entity were received by the Trustees.
13. TANGIBLE FIXED ASSETS
| 13. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Land and | Fixtures and |
|||
| Buildings | Fittings | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 April 2021 and 31 March 2022 | 150,260 | 37,875 | 188,135 | |
| ===================================== | =============================== | ===================================== | ||
| Depreciation | ||||
| At 1 April 2021 | – | 35,783 | 35,783 | |
| Charge for the year | – | 2,092 | 2,092 | |
| ------------------------------------- | ------------------------------- | ------------------------------------- | ||
| At 31 March 2022 | – | 37,875 | 37,875 | |
| ===================================== | =============================== | ===================================== | ||
| Carrying amount | ||||
| At 31 March 2022 | 150,260 | – | 150,260 | |
| ===================================== | =============================== | ===================================== | ||
| At 31 March 2021 | 150,260 | 2,092 | 152,352 | |
| ===================================== | =============================== | ===================================== | ||
| 14. | DEBTORS | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Prepayments and accrued income | 2,354 | – | ||
| ========================== | ================ | |||
| 15. | CREDITORS: amounts falling due within one year | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Accruals and deferred income | 1,485 | 17,986 | ||
| ========================== | =============================== | |||
| 16. | GOVERNMENT GRANTS | |||
| The amounts recognised in the financial statements for | government | grants are as follows: | ||
| 2022 | 2021 | |||
| £ | £ | |||
| Recognised in income from donations and legacies: | ||||
| Government grants income | – | 9,805 | ||
| ================ | ========================== |
- 13 -
THANET COUNTRYSIDE TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
17. ANALYSIS OF CHARITABLE FUNDS
Unrestricted Funds
| Unrestricted Funds | ||||
|---|---|---|---|---|
| At | ||||
| At | 31 March | |||
| 1 April 2021 | Income | Expenditure | 2022 | |
| £ | £ | £ | £ | |
| General Fund | 82,070 | 60,997 | (41,471) | 101,596 |
| =============================== | =============================== | =============================== | ===================================== | |
| At | At 31 March | |||
| 1 April 2020 | Income | Expenditure | 2021 | |
| £ | £ | £ | £ | |
| General Fund | 93,841 | 42,791 | (54,562) | 82,070 |
| =============================== | =============================== | =============================== | =============================== | |
| Restricted Funds | ||||
| At | ||||
| At | 31 March | |||
| 1 April 2021 | Income | Expenditure | 2022 | |
| £ | £ | £ | £ | |
| Building Fund | 140,198 | 5,704 | (833) | 145,069 |
| Wages Fund | – | 39,477 | (24,340) | 15,137 |
| ------------------------------------- | ------------------------------- | ------------------------------- | ------------------------------------- | |
| 140,198 | 45,181 | (25,173) | 160,206 | |
| ===================================== | =============================== | =============================== | ===================================== | |
| At | At 31 March | |||
| 1 April 2020 | Income | Expenditure | 2021 | |
| £ | £ | £ | £ | |
| Building Fund | 124,174 | 16,024 | – | 140,198 |
| Wages Fund | 4,924 | – | (4,924) | – |
| ------------------------------------- | ------------------------------- | -------------------------- | ------------------------------------- | |
| 129,098 | 16,024 | (4,924) | 140,198 | |
| ===================================== | =============================== | ========================== | ===================================== | |
| ANALYSIS OF NET ASSETS | BETWEEN FUNDS | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Tangible fixed assets | – | 150,260 | 150,260 | |
| Current assets | 103,081 | 9,946 | 113,027 | |
| Creditors less than 1 year | (1,485) | – | (1,485) | |
| ------------------------------------- | ------------------------------------- | ------------------------------------- | ||
| Net Assets | 101,596 | 160,206 | 261,802 | |
| ===================================== | ===================================== | ===================================== | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| £ | £ | £ | ||
| Tangible fixed assets | 12,154 | 140,198 | 152,352 | |
| Current assets | 87,902 | – | 87,902 | |
| Creditors less than 1 year | (17,986) | – | (17,986) | |
| ------------------------------- | ------------------------------------- | ------------------------------------- | ||
| Net Assets | 82,070 | 140,198 | 222,268 | |
| =============================== | ===================================== | ===================================== |
18. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2021
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THANET COUNTRYSIDE TRUST FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| 2022 | |||
|---|---|---|---|
| £ | £ | ||
| 19. | ANALYSIS OF UNSPENT GRANTS | ||
| RESTRICTED GRANTS | |||
Kent & Medway Biological Record Centre |
- |
133 | |
| Coyler-Ferguson | - | 6,000 | |
| Coyler-Fergusson 2 |
3,750 | - | |
| Dulverton Trust (Kent Community Foundation) | - | 5,000 | |
| Postcode Society Trust | 7,445 | - | |
| Global Giving (Cummins Power) |
14,942 | - | |
| Kent Community Foundation | 5,000 | - | |
| --------- | --------- | ||
| TOTAL |
31,137 | 11,133 | |
| --------- | --------- | ||
| UNRESTRICTED GRANTS | |||
| The City Charity – AWF | 30,000 | 30,000 | |
| Covid Business Grants |
- | 10,193 | |
| ---------- | --------- | ||
| TOTAL |
30,000 | 40,193 | |
| --------- | --------- |
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THANET COUNTRYSIDE TRUST FUND
MANAGEMENT INFORMATION FOR THE YEAR ENDED 31 MARCH 2022
The following pages do not form part of the Financial Statements.
- 16 -
THANET COUNTRYSIDE TRUST FUND
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| INCOME | ||
| Income and Endowments | ||
| Donations and Legacies | ||
| Donations | 2,309 | 8,227 |
| HMRC Gift Aid | – | 2,535 |
| Grants receivable | 67,844 | 31,193 |
| Government grant income | – | 9,805 |
| Membership Fees | 8,526 | 1,723 |
| Entrance fees | 5,111 | – |
| Books | 8,801 | 4,679 |
| Talks and visits | 5,805 | – |
| Sundry income | 3,199 | 337 |
| ------------------------------------- | ------------------------------- | |
| 101,595 | 58,499 | |
| ------------------------------------- | ------------------------------- | |
| Other Trading Activities | ||
| Fundraising | 417 | – |
| Items sold, shop items/plants | 4,159 | 281 |
| -------------------------- | ---------------- | |
| 4,576 | 281 | |
| -------------------------- | ---------------- | |
| Investment Income | ||
| Bank interest receivable | 7 | 34 |
| ---------------- | ---------------- | |
| TOTAL INCOME | 106,178 | 58,814 |
| ===================================== | =============================== |
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THANET COUNTRYSIDE TRUST FUND
NOTES TO THE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| EXPENDITURE | ||
| Nature Reserve | ||
| Activities Undertaken Directly | ||
| Wages and salaries | 21,314 | 22,631 |
| PAYE | 811 | 198 |
| Rates and water | 488 | 520 |
| Light and heat | 3,444 | 2,275 |
| Repairs and maintenance | 19,430 | 21,364 |
| Insurance | 1,383 | 754 |
| Reserve equipment/maintenance | 2,350 | 1,360 |
| Legal and professional fees | 1,590 | 1,182 |
| Telephone and postage | 1,083 | 1,391 |
| Other office costs | 3,104 | 1,437 |
| Depreciation | 2,092 | 2,092 |
| Other interest payable and similar charges | 225 | 22 |
| Reserve bird food, seeds and plants | 441 | 261 |
| Advertising, display/indoor equipment | 2,395 | 2,409 |
| IT Equipment | 2,458 | 1,014 |
| Fundraising expenses | 4,036 | 575 |
| ------------------------------- | ------------------------------- | |
| - | ||
| TOTAL EXPENDITURE | 66,644 | 59,485 |
| =============================== | =============================== | |
| - | ||
| NET INCOME/(EXPENDITURE) | 39,534 | (671) |
| =============================== | =============================== |
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