2023-03-31-accounts - Paddington Farm Trust Limited

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			Paddin t	Paddin t	on	Farm Trust Ltd
			Statement		of	Financial Activiti	s
		Incor	oratin	an Income and Ex enditure			Account
			for	he Year	Ended 31 March 2023
								2023	2022
						Unrestricted	Restricted	Total	Total
						funds	funds	funds	funds
				Notes
INCOME AND ENDOWMENTS		FROM
Donations	and legacies					9,202	21,031	30,233	42,553
Charitable	activities
Farming						13,616		13,616	14,521
Residential	and non-residential	activities				107,160		107,160	77,013
Other trading activities						13,535		13,535	15,005
Investment	income					69		69	67
Other income						69		69	15
Total						143651	21 031	164,682	149,174
EXPENDITURE ON
Charitable	activities
Farming						29,421	1,503	30,924	21,386
Residential	and non-residential	activities				133760	9,824	143.604	116,824
Total						163,201	11,327	174,528	138,210
NET INCOME/(EXPENDITURE) Transfers between funds				22		(19,550) 9,703 14,977 ~t4,977)		(9,846)	10,964
Net movement in funds						(4,573)	(5,273)	(9,846)	10,964
RECONCILIATION OF FUNDS
Total funds	brought forward					148,271	11,915	160,186	149,222
TOTAL FUNDS CARRIED FORWARD						143,698	6,642	150,340	160,186

DIRECT COSTS O	F CHARITABLE ACTIVITIES
		2023
Advertising
Animal feed		2,506
Subscriptions		1,832
Residential supplies	and cleaning	10,955
Other farm costs		11,906
Festival and other activity costs		240
Bad debts		280
		27,719

Support costs	, i	ncluded in the above, are as	follows:
					2023	2022
				Residential
				and
				non-residential	Total	Total
			Farming	activities	activities	activities
Wages			6,998	62,977	69,975	63,236
Pensions			118	1,059	1,177	1,021
Rates and water			378	3,407	3,785	3,675
Insurance			452	4,071	4,523	4,865
Light and heat			1,237	11,132	12,369	8,103
Telephone			19	168	187	245
Waste disposal			198	1,783	1,981	1,563
Motor vehicle	expenses		151	1,360	1,511	3,089
Other office costs			247	2,223	2,470	3,259
Staff and volunteer expenses			541	4,870	5,411	1,400
Other premises		costs	3,514	31,625	35,139	8,156
Depreciation	of	tangible assets	396	3,571	3,967	5,155
Bank charges			101	911	1,012	818
Interest payable		and similar charges	62	563	625	303
Accountancy	fees		268	2 409	2 677	2,754
			14,680	132,129	146,809	107,642

in year ended 31 Mar	ch 2022	.
STAFF COSTS
				2023	2022
Wages and salaries				69,975	63,236
Other pension costs				1,177	1,021
				71,152	64,257
The average monthly	number	of employees	during the year was as follows:
				2023	2022
Employees				5	5

		No e to the Finan iai Sa ments-continued for the Year Ended 31 March 2023	No e to the Finan iai Sa ments-continued for the Year Ended 31 March 2023	No e to the Finan iai Sa ments-continued for the Year Ended 31 March 2023	No e to the Finan iai Sa ments-continued for the Year Ended 31 March 2023
COMPARATIVES		FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
				Unrestricted	Restricted	Total
				funds	funds	funds
NET INCOME				3,852	7,112	10,964
RECONCILIATION		OF FUNDS
Total funds brought		forward		144,419	4,803	149,222
TOTAL FUNDS	CARRIED		FORWARD	148,271	11,915	160,186
GOVERNMENT	GRANT INCOME
					2023	2022
Mendip Council						12,667
Coronavirus Job	Retention		Scheme			9,912
Glastonbury Town		Council				3,000

TANGIBLE FIXEDASSETS
			Office
			equipment
			and
		Site and	fixtures
	Freehold	farm	and	Motor
	property	equipment	fittings	vehicles	Totals
COST
At 1 April 2022	370,029	46,846	15,581	2,000	434,456
Additions Disposals		6,977 ~580)			6,977 ~58D)
At 31 March 2023	370,029	53,243	15,581	2,000	440,853
DEPRECIATION
At 1 April 2022	271,466	45,395	15,387	2,000	334,248
Charge for year Eliminated on disposal	763	3,051 ~580)	153		3,967 ~580)
At 31 March 2023	272 229	47866	15,540	2 000	337,635
NET BOOK VALUE
At 31 March 2023	97,800	5,377	41		103218
At 31 March 2022	98.563	1,451	194		10D,208

16.	STOCKS
						2023	2022
	Livestock					750	2,000
	Other stock					2,500	2,400
						3,250	~4400
17.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
						2023	2022
	Trade debtors					1,498	685
	Social security and other	taxes					1,373
	Prepayments and accrued		income			15,851	7,456
						17,349	9,514
18.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
						2023	2022
	Bank loans and overdrafts		(see note 20)			5,910	5,768
	Other creditors					252	240
	Accruals and deferred income					19,720	21,258
						25,882	27,266
	Deferred income
	Deferred Income at 1 April		2022			18,831
	Resources deferred in the year Amounts released from previous years					16,900 ~18,83&I
	Deferred Income at 31 March			2023		16,900
	At the balance sheet date		the	charity was holding	funds received	in advance for 23/24 activities/bookings.
19.	CREDITORS: AMOUNTS		FALLING DUE AFTER		MORE THAN	ONE YEAR
						2023	2022
							P
	Bank loans (see note 20)					15963	21,873
20.	LOANS
	An analysis ofthe maturity		of	loans is given below:
						2023	2022
							E
	Amounts falling due within		one year on demand:
	Bank loans					5,910	5,768
	Amounts falling between	one		and two years:
	Bank loans - 1-2 years					6,058	5,909
	Amounts falling due between			two and five years:
	Bank loans - 2-5 years					9,905	15,964

ANALYSIS	OF NET ASSETS B	ETWEEN FUNDS
				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
				E
Fixed assets		103,218		103,218	100,208
Current assets		82,325	6,642	88,967	109,117
Current liabilities		(25,882)		(25,882)	(27,266)
Long term liabilities		~15.963)		~15,963)	~21 873)
		143,698	6,642	I50,340	160,186
MOVEMENT	IN FUNDS
			Net	Transfers
			movement	between	At
		At 1.4.22	in funds	funds	31.3.23
Unrestricted	funds
General fund		148,271	(19,550)	14,977	143,698
Restricted funds
Apple Press			1,588	(977)	611
Tractor		3,000	4,000	(7,000)
Solar panels Volunteer support		2,000 6915	5,000 ~884)	(7,000)	6,031
		11,915	9 704	~14,977)	6 642
TOTAL FUNDS		160,186	~9,846)		150,34D
Net movement	in funds, included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
				E
Unrestricted	funds
General fund			143,651	(163,201)	(19,550)
Restricted funds
Apple Press			2,000	(412)	1,588
Tractor			4,000		4,000
Solar panels Volunteer support			5,000 10031	~10.915)	5,000 ~884)
			21,031	~II 327)	9,704
TOTAL FUNDS			164,682	)174,528)	~9,846)

Comparatives	for moveme	nt in fun	ds
					Net
					movement	At
				At 1.4.21	in funds	31.3.22
					E
Unrestricted	funds
General fund				144,419	3,852	148,271
Restricted funds
Trees				803	(803)
Open Days Host families	from Pimlico			2,500 1,500	(2,500) (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	10964	160 186
Comparative	net movement	in funds,	included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted	funds
General fund				123,313	(119,461)	3,852
Restricted funds
Trees					(803)	(803)
Family Festival Open Days Host families from Pimlico				13,946	(13,946) (2,500) (1,500)	(2,500) (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
TOTAL FUNDS				149 174	f138,210)	\ 0,964