|||||Page||
|---|---|---|---|---|---|
|Report ofthe|Trustees||1|to|3|
|Independent|Examiner's|Report||||
|Statement of|Financial|Activities||||
|Balance Sheet||||||
|Notes to the|Financial Statements||7|to|16|
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||fo|r the Year E|nded 31 March|2022|||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||Unrestricted|Restricted|Total|Total|
|||Notes|funds|funds|funds
f|funds
E|
|INCOME AND ENDOWMENTS|FROM||||||
|Donations
and legacies|||16,692|25,861|42,553|44,165|
|Charitable
activities|||||||
|Farming|||14,521||14,521|17,049|
|Residential
and non-residential|activities||77,013||77,013|57,750|
|Cottage rental|||6,942||6,942|6,800|
|Other trading
activities|||8,063||8,063|5,501|
|Investment
income|||67||67|81|
|Other income|||15||15|400|
|Total|||123,313|25,861|149,174|131,746|
|EXPENDITURE ON|||||||
|Charitable
activities|||||||
|Farming|||18,431|803|19,234|15,034|
|Residential
and non-residential|activities||93,496|17,946|111,442|96,440|
|Cottage rental|||7,534||7,534|7,641|
|Total|||119,461|18,749|138,210|119,115|
|NET INCOME|||3,852|7,112|10,964|12,631|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought forward|||144,419|4,803|149,222|136,591|
|TOTAL FUNDS CARRIED FORWARD|||148,271|11,915|160,186|149,222|
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|3.|DONATIONS|AND LEGACIES||||||
|---|---|---|---|---|---|---|---|
|||||||2022
F|2021f|
||Donations|||||26,&86|23,457|
||Other grants|and sponsorship||||15,667|20,708|
|||||||42,553|44,165|
|4.|OTHER TRADING ACTIVITIES|||||||
|||||||2022|2021|
||Rental income|||||390|1,549|
||Scrap project
Lettings income|||||2,996
4,677|1,704
2,248|
|||||||8,063|5,501|
|5.|INVESTMENT INCOME|||||||
|||||||2022f|2021
F|
||Dividends|||||67|78|
||Deposit account interest||||||3|
|||||||67|81|
||INCOME FROM CHARITABLE||ACTMTIES|||||
||||Activity|||2022f|2021
K|
||Farming||Farming|||13,034|11,574|
||Grants||Farming|||1,487|5,475|
||Residential||Residential|and non-residential|activities|63,110|22,110|
||Non residential
activities and|||||||
||events||Residential|and non-residential|activities|5,478|4,623|
||Grants||Residential|and non-residential|activities|8,425|31,017|
||Cottage rental||Cottage rental|||6,942|6,&00|
|||||||9&,476|&1,599|
||Grants received, included
in the||above, are|as follows:||||
|||||||2022|2021|
|||||||E|F|
||Coronavirus|Job Retention Scheme||||9,912|36,492|
|7.|CHARITABLE ACTIVITIES COSTS|||||||
||||||Direct|Support||
||||||Costs (see|costs (see||
||||||note 8)|note 9)|Totals|
||||||E|E||
||Farming||||10,624|8,610|19,234|
||Residential|and non-residential|activities||19,944|91,498|111,442|
||Cottage rental|||||7,534|7,534|
||||||30,568|107,642|138,210|
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|DIRECT COSTS OF|CHARITABLE ACTIVITIES|||
|---|---|---|---|
|||2022f|2021f|
|Advertising
Animal feed||2,189
1,502|1,278|
|Subscriptions
Residential
supplies
Other farm costs|and cleaning|1,059
5,764
8,063|720
1,976
4,306|
|Festival and other activity costs
Bad debts||11,991|136
1,557|
|||30,568|9,973|
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|SUPPORT|COSTS|||||||
|---|---|---|---|---|---|---|---|
|||||||Governance||
||||Management
f||Finance
f|costs
f|Totals
f|
|Farming
Residential|and non-residential|activities|8,300
88,204||90
953|220
2,341|8,610
91,498|
|Cottage rental||||7,263|78|193|7,534|
||||103,767||1,121|2,754|107,642|
|Activity||Basis ofallocation||||||
|Management||8'/o Farming,|85'/o|ResidentialiNon-Residential||and 7'/o Cottage||
|Finance||8% Farming,|85'/o|ResidentialiNon-Residential||and 7%Cottage||
|Governance|costs|8'/o Farming,|85'/o|ResidentialiNon-Residential||and 7'/o Cottage||
|Support costs, induded
in the a|bove, ar|e as fo|llows:|||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
||||Residential|||||
||||and|||||
||||non-residential|Cottage||Total|Total|
||Farming
f||activities
f|rental
f||activities|activities|
|Wages
Pensions|5,058
82||53,751
868|4,427
71||63,236
1,021|49,891
739|
|Rates and water|294||3,124|257||3,675|4,892|
|Insurance||389|4,135||341|4,865|4,149|
|Light and heat||648|6,888||567|8,103|9,388|
|Telephone
Waste disposal
Motor vehide expenses
Other office costs||20
125
247
261|208
1,329
2,626
2,770||17
109
216
228|245
1,563
3,089
3,259|641
1,209
2,013
2,622|
|Staff and volunteer||||||||
|expenses
Other premises costs||112
652|1,190
6,933||98
571|1,400
8,156|180
24,660|
|Depreciation
oftangible
assets||412|4,382||361|5,155|4,626|
|Bank charges||66|695||57|818|1,024|
|Interest payable and similar
charges
Accountancyfees||24
220|258
2,341||21
193|303
2,754|3,108|
||8,610||91,498|7,534||107,642|109,142|
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||||2022|2021|
|---|---|---|---|---|
||||E||
|Depreciation|-owned assets||5,155|4,626|
|Surplus on disposal offixed assets||||(400)|
|Accountancy|and Independent|examination|2,754|3,108|
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|Two trustees were re|imbursed
expenses tot|alling 6295(2021:Nil).|||
|---|---|---|---|---|
|STAFF COSTS|||||
||||2022|2021|
|Wages and salaries|||63,236|49,891|
|Other pension costs|||1,021|739|
||||64,257|50,630|
|The average
monthly|number ofemployees|during the year was as follows:|||
||||2022|2021|
|Employees|||5|4|
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|COMPARA|TIVES FOR THE S|TATEMENT|OF FINANCIAL A|CTIVITIES|||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||funds|funds
f|fundsf|
|INCOME AND ENDOWMENTS||FROM|||||
|Donations|and legacies|||36,562|7,603|44,165|
|Charitable|activities||||||
|Farming||||17,049||17,049|
|Residential|and non-residential|activities||57,750||57,750|
|Cottage rental||||6,800||6,800|
|Other trading
activities
Investment
income||||5,501
81||5,501
81|
|Other income||||400||400|
|Total||||124,143|7,603|131,746|
|EXPENDITURE ON|||||||
|Charitable|activities||||||
|Farming||||12,231|2,803|15,034|
|Residential|and non-residential|activities||96,440||96,440|
||||Page 11|||continued ..|
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||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds
f|funds
f|fundsf|
|Cottage rental|||7,641||7,641|
|Total|||116,312|2,803|119,115|
|NET INCOME|||7,831|4,800|12,631|
|RECONCILIATION||OF FUNDS||||
|Total funds brought forward|||136,588||136,591|
|TOTAL FUNDS|CARRIED FORWARD||144,419|4,803|149,222|
|GOVERNMENT|GRANT INCOME|||||
|||||2022|2021|
|||||E||
|Mendip Council||||12,667|20,708|
|Coronavirus
Job|Retention Scheme|||9,912|36,492|
|Glastonbury
Town||Council||3,000||
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|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|
||||Office|||
||||equipment|||
||||and|||
|||Site and|fixtures|||
||Freehold|farm|and|Motor||
||property|equipment|fittings|vehicles|Totals|
||E||E||f.|
|COST||||||
|At 1 April 2021|370,029|46,170|15,581|2,000|433,780|
|Additions||2,176|||2,176|
|Disposals||(1,500)|||(1,500)|
|At 31 March 2022|370,029|46,846|15,581|2,000|434,456|
|DEPRECIATION||||||
|At 1 April 2021|270,597|46,170|11,826|2,000|330,593|
|Charge for year|869|725|3,561||5,155|
|Eliminated
on disposal||(1,500)|||(1,500)|
|At 31 March 2022|271,466|45,395|15,387|2,000|334,248|
|NET BOOK VALUE||||||
|At 31 March 2022|98,563|1,451|||100,208|
|At 31 March 2021|99,432||3,755||103,187|
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|16.|STOCKS|||||
|---|---|---|---|---|---|
|||||2022|2021|
||Livestock|||2,000|2,300|
||Other stock|||2,400|2,560|
|||||4,400|4,860|
|17.|DEBTORS:AMOUNTS
FALLING DUE WITHIN ONE YEAR|||||
|||||2022|2021|
||Trade debtors|||685|2,095|
||Social security and other taxes|||1,373||
||Prepayments
and accrued|income||7,456||
|||||9,514|2,095|
|18.|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR||||
|||||2022|2021|
||Bank loans and overdrafts|(see note 20)||5,768|3,016|
||Social security and other taxes||||203|
||Other creditors|||240|144|
||Accruals and deferred
income|||21,258|23,472|
|||||27,266|26,835|
||Deferred income|||||
||||||R|
||Deferred Income at 1 April|2021|||21,092|
||Resources deferred
in the|year|||18,831|
||Amounts
released
from previous years|||(21,093)||
||Deferred Income at 31 March||2022||18,831|
||At the balance sheet date|the|charity was holding funds received|in advance for 22/23 activities/bookings.||
|19.|CREDITORS: AMOUNTS|FALLING DUE AFTER MORE THAN||ONE YEAR||
|||||2022
E|2021
f|
||Bank loans (see note 20)|||21,873|26,984|
|20.|LOANS|||||
||An analysis of the maturity|of|loans is given below:|||
|||||2022|2021|
||Amounts
falling due within|one year on demand:||||
||Bank loans|||5,768|3,016|
||Amounts
falling between one||and two years:|||
||Bank loans -1-2years|||5,909|6,082|
||Amounts
falling due between||two and five years:|||
||Bank loans -2-5years|||15,964|19,184|
||Amounts
falling due in more than five years:|||||
||Repayable
by instalments:|||||
||Bank loans more 5yr by instal||||1,718|
##
|ANALYSIS O|F NET ASSETS BE|TWEEN FUNDS||||
|---|---|---|---|---|---|
|||||2022|2021|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds
F|funds|fundsf|
|Fixed assets||100,208||100,208|103,187|
|Current assets||97,202|11,915|109,117|99,854|
|Current
liabilities||(27,266)||(27,266)|(26,835)|
|Long term liabilities||(21,873)||(21,873)|(26,984)|
|||148,271|11,915|160,186|149,222|
|MOVEMENT|IN FUNDS|||||
|||||Net||
|||||movement|At|
||||At 1.4.21|in funds|31.322|
|Unrestricted|funds|||||
|General fund|||144,419|3,852|148,271|
|Restricted funds||||||
|Trees|||803|(803)||
|Open Days|||2,500|(2,500)||
|Host families|from Pimlico||1,500|(1,500)||
|Tractor||||3,000|3,000|
|Solar panels
Volunteer
support||||2,000
6,915|2,000
6,915|
||||4,803|7,112|11,915|
|TOTAL FUNDS|||149,222|10,964|160,186|
|Net movement|in funds, included|in the above are as follows:||||
||||Incoming|Resources|Movement|
||||resources|expended
f|in funds
E|
|Unrestricted|funds|||||
|General
fund|||123,313|(119,461)|3,852|
|Restricted funds||||||
|Tlees||||(803)|(803)|
|Family Festival|||13,946|(13,946)||
|Open Days||||(2,500)|(2,500)|
|Host families|from Pimlico|||(1,500)|(1,500)|
|Tractor|||3,000||3,000|
|Solar panels
Volunteer
support|||2,000
6,915||2,000
6,915|
||||25,861|(18,749)|7,112|
|TOTALFUNDS|||149,174|(138,210)|10,964|
##
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|Comparatives|for moveme|nt
in funds||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1.4.20|in funds|31.3.21
f|
|Unrestricted|funds|||||
|General fund|||29,386|12,304|41,690|
|Fixed assets|||107,202|(4,473)|102,729|
||||136,58&|7,831|144,419|
|Restricted funds||||||
|Apple Press
Trees||||(3)
803|803|
|Open Days
Host families|from Pimlico|||2,500
1,500|2,500
1,500|
|||||4,800|4,803|
|TOTAL FUNDS|||136,591|12,631|149,222|
|Comparative|net movement|in funds, induded|in the above are as follows:|||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
||||||E|
|Unrestricted|funds|||||
|General fund|||124,143|(111,839)|12,304|
|Fixed assets||||(4,473)|(4,473)|
||||124,143|(116,312)|7,831|
|Restricted funds||||||
|Apple Press
Trees|||1,800
1,803|(1,803)
(1,000)|(3)
803|
|Open Days
Host families|from Pimlico||2,500
1,500||2,500
1,500|
||||7,603|(2,803)|4,800|
|TOTAL FUNDS|||131,746|(119,115)|12,631|
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