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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|
##
##
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##
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##
##
##
##
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##
##
##
|3.|DONATIONS|DONATIONS|AND LEGACIES|AND LEGACIES|AND LEGACIES|AND LEGACIES||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2023|2022|
||Donations|||||||||1,360|26,886|
||Other grants|and sponsorship||||||||28,873|15,667|
|||||||||||~30 233|42,553|
|4.|OTHER TRADING ACTIVITIES|||||||||||
|||||||||||2023|2022|
|||||||||||F||
||Rental income|||||||||7,462|7,332|
||Scrap project||||||||||2,996|
||Lettings income|||||||||5,856|4,677|
||Other income|||||||||217||
|||||||||||13,535|15,005|
|5.|INVESTMENT||INCOME|||||||||
|||||||||||2023|2022|
||Dividends|||||||||47|67|
||Deposit account||||interest|||||22||
|||||||||||69|67|
||INCOME FROM||||CHARITABLE||ACTIVITIES|||||
|||||||||||2023|2022|
||||||||Activity|||||
||Farming||||||Farming|||13,616|13,034|
||Grants||||||Farming||||1,487|
||Residential||||||Residential|and non-residential|activities|101,596|63,110|
||Non residential|||activities and||||||||
||events||||||Residential|and non-residential|activities|5,564|5,478|
||Grants||||||Residential|and non-residential|activities||8,425|
|||||||||||120,776|91,534|
||Grants received,||||included|in the|above, are|as follows:||||
|||||||||||2023|2022|
||Coronavirus|Job|||Retention|Scheme|||||~9912|
|7.|CHARITABLE||ACTIVITIES COSTS|||||||||
||||||||||Direct|Support||
||||||||||Costs (see|costs (see||
||||||||||note 8)|note 9)|Totals|
||Farming||||||||16,244|14,680|30,924|
||Residential|and||non-residential|||activities||11,475|132,129|143604|
||||||||||27719|146809|\ 74,528|
##
##
|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|CO|STS||||||
|---|---|---|---|---|---|---|---|
|||||||Governance||
|||||Management|Finance|costs|Totals|
|Farming||||14,249|163|268|14,680|
|Residential|and|non-residential|activities|128 246|1,474|2,409|132 129|
|||||142,495|1,637|2,677|146,809|
|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|
##
##
||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
|INCOME AND ENDOWMENTS||FROM||||
|Donations|and legacies||16,692|25,861|42,553|
|Charitable|activities|||||
|Farming|||14,521||14,521|
|Residential|and non-residential|activities|77,013||77,013|
|Other trading
activities|||15,005||15,005|
|Investment|income||67||67|
|Other income|||15||15|
|Total|||123313|25 861|149174|
|EXPENDITURE ON||||||
|Charitable|activities|||||
|Farming|||20,583|803|21,386|
|Residential|and non-residential|activities|98 878|17946|116824|
|Total|||119,461|18,749|138,210|
##
##
##
##
|||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|
##
##
##