2023-03-31-accounts - The Bentley Wood Charitable Trust

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		Page
Trustees' Report		1tot
Legal and Admlnlstrathre	Information
Independent Examiners'	Report
Statement ofFlnandal Acthrldes		10
Balance Sheet
Notes tothe Flnandal Statements		12to19

Charity Number	Charity Number
Registered	Office	55 Elmwood Avenue
		Fordingbridge
		Hampshire
		SP6 1DL
Trustees		Dr PWoodruffe
		Mr A G Goddard
		MrISpencer
		Mr 5Brunt
		Mr M CStreet
		MrI Fisher
Key management		David Lambert
Bankers		HSBCBank pic
		21High Street
		Ringwood
		Hants
		BH24 1BE
Investment	managers	Sanlam Wealth	Planning	UK Ltd
		Monument Place
		24Monument	Street
		London
		ECSRSAI
independent	examiner	Nick Jones FCCA
		Fawcetts LLP
		Chartered Accountants
		and Statutory Auditors
		Windover House
		St.Ann Street
		Salisbury
		SP12DR

				Funds		2023	2022
			Unrestrkted	Restdsted	E devwueat	Total	Total
		Note	E	E	E	E	E
INCOME AND ENDOWMENTS FROM:
Donations and legacies							1,200
Charitable activities		2	175,774			175,774	120,324
Investments		3	24,463			24,463	18,474
Total income			200,882			200,882	139,998
EXPENDITURE ON:
Investments -management	fees				5,563	5,563	6,253
Charitable activities		4	164,825			164,825	150,401
Total expenditure			164,825		5,563	170,388	156,654
Net gains/(losses) on investments		12			(103,004)	(103,004)	50,915
NET INCOME/(EXPENDITURE)			36,057		(108,567)	(72,510)	34,259
Transfers between funds		12
NET MOVEMENT IN FUNDS			362I57		(108~7)	(72,510)	34,259
RECONGUAllON OF FUNDS:
Total funds brought forward			135,166		3,244,908	3,380,074	3,345,815
TOTAL FUNDS CARRIED FORWARD			f71AIS	.	Mjs&i	MDMS4	~,SNAI74

	A	SAT31MARCH 2028
				2022
		Note
FSIEDASSETS
Tangible fixed assets			1,723,952	1,747,092
Investments			1,537,612	1,546,177
			3,261,564	3,293,269
CURRENT ASSETS
Stock			1,116
Debtors			4,400	3,261
Cash at bank and in hand			47,196	108,094
			52,712	111,955
CREDITORS: AMOUNTS DUE WITHIN ONE YEAR		10	6,712	25,150
NET CURRENT ASSETS			46,000	86,805
				S.HOAI74
FUNDS
Unrestricted	funds	12	171,223	135,166
Restricted funds		12
Endowment	funds	12	3,136,341	3,244,908
TOTAL FUNDS			~,MI7JWI	~.a@0.074

2.	CHARITABLE AC	l	lVITIES -	INC	OME
									Total	Total
						Unrestricted	Restrkged	Endowment	2023	2022
						E	E	E	E	6
	Forestry income					92,168			92,168	125,748
	Venison sales					1,306			1,306	1,553
	Grants received					72,100			72,100	(17,1771
	Rents received					10,200			10,200	10,200
						175,774			175,774	120,324
3.	INVESTMENT INCOME
									Total	Total
						Unrestricted		Endowment	2023	2022
						6	E	E	E	E
	Dividends from		equkies			24,451			24,451	18,471
	Bank interest					12			12	3
						24,4f8			24,463	18,474
4.	CHARITABLE ACI1VITIES -			EXPENDITURE
									Total	Total
						Unrestricted	Restricted	Elldowmerrt	2023	2022
						E	E	E	E	E
	Wages (note 5)					52,522			52,522	50,666
	Contract forestry work					10,933			10,933	24,722
	Conservation	work				15,441			15,441	3,631
	Planting					6,174			6,174	1,381
	Road maintenance					3,263			3,263	2,628
	Repairs					21,701			21,701	21,267
	Rentalexpense					4,342			4,342	1,558
	Depreciation					26973			26,473	27,551
	(Profit)/loss on		disposal	ofasset						(1,973)
	Subscriptions	&membership			fees					98
	Su pport costs					10,065			10,065	11,569
	Travel expenses					1,089			1,089	1,363
	Miscellaneous		expenses			7,987			7,987	3,403
	Trustees' and	volunteer		expenses		2,281			2,281	285
	Accountancy fees					2,400			2,400	2,225
	Bank charges					154			154	27
						164,825			164,825	150,401

Staff costs during the	Staff costs during the	year were as follows:					2022
							E
Charitable Acthrlties:
Salaries and	wages					49,082	46,798
Employers'	National	Insurance costs				810	1,238
						49,892	48,036
Pension contributions						2,630	2,630
						52,522	50,666
The above also represents the key management				personnel	remuneration.
The average	monthly	number ofempkryees	during the year		was asfollows:	2023	2022
						No.	No.
						1	1

TRUSTEES' REMUNERATION	AND EKPENSES	AND EKPENSES		2022f
Trustees' expenses reimbursed		(delivery costs/travel)	484	288
Number oftrustees receiving		expenses

7.	TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS
				Land	EI		Motor	Computers gi
				woodlands f		Bugdlngs E	vshides E	equipment f	Totalf
	Cost
	At1April 2022			1,673,765		177,922	13,316	63,270	1,928,273
	Additions							3333	3,333
	Disposals
	At31March 2023			1,673,765		177,922	13,316	66,603	1,931,606
	Depredation
	At1April 2022			45,843		81,689	13,067	40,582	181,181
	charge forthe year				3,670	16,233		6,507	26,473
	On disposals
	At31March 2023			49,513		97,922	13,130	47,089	207,654
	Net BookValue
	At31March 2023			1,624,252		80,000	186	19,514	1,723,952
	At31March 2022			1,627,922		96,233	249	22,688	1,747,092
8.	FIXEDASSETINVESTMENTS					lnvastmant	lnvestmeilt
	Movement in market/fair			value:		portfolio E	property E	2023 E	2022f
	Market/fair value at	1April				1,103,034	377,613	1,480,647	1,358,628
	Acquisitions atcost					252,650		252,650	283,505
	Disposal proceeds					(162,006)		(162,006)	(212,401)
	Realised gains/(losses)		on	disposals		(8,964)		(8,964)	21,210
	Unrealised gains/(losses)			on revaluation		(94,040)		(94,040)	29,705
	Market/fair value at	31March				1,090,674	3T/,613	1,468,287	1,480,647
	Cash held as part of	portfolio				69,325		69,325	65,530
	Tots I investments					1,159,999	377,613	1,537,612	1,546,177
	Historical cost					1,150,177	377,613	1,527,790
	Analysis ofInvestments:					Funds		2023	2022
						Un estdcted	Endowment	Total	Total
						f	f	f	f
	Listed investments:	UKquoted shares					1,090,674	1,090,674	1,103,034
	UK cash held as part	of	portfolio				69,325	69,325	65,530
	UK investment property						377,613	377,613	377,613
							1,537,612	1,557,612	4546,177

	Trade debtors
	Prepayments and accrued income				3,607	3,261
	VAT				793
					4,400	3,261
10.	CREDITORS: AMOUNTS DUE WITHIN ONE YEAR
	Trade creditors				4,058	3,635
	Accruals and deferred	income			2,578	5,025
	Social security and other taxes					16,490
	Other creditors				76
					6,712	25,150
11.	ANALY55 OF NET ASSETS BETWEEN FUNDS				Net curreltt
			Fhed assets	Investments	assets	Total
			E	6	E	E
	Unrestricted general funds		20,216		46,000	66,216
	Unrestrcted designated	funds	23,867			23,867
	Restricted funds
	Endowment funds		1,679,869	1,537,612		3,217,481
	Net Assets attile end	ofthe year	1,723,952	1437,612	46,000	3,307,564

						Net current
				Fb(ed assets	Illveahnellta	aaaels	Total
				E	E	E	E
Unrestricted	general	funds		20,824		86,805	107,629
Unrestricted	designated		funds	27,537			27,537
Restricted funds
Endowment	funds			1,698,731	1~6,177		3,244,908
Net Assets	etthe end ofthe year			1,747,002	1,546,177	068D5	3,300,D74

FUNDS
		Balance at	Incoming	Outgoing	Gains/		Balance at
		01/04/2022	fasourcas	fesoufcas	(losses)	Transfers	31/03/2023
		E	E	E	E	E	E
Unrestricted	funds
General fund		107,629	200,882	(145,091)		(97,205)	66,215
Designated	fund	27,537		(3,670)			23,867
		135,166	200,882	(148,761)		(97,205)	90,082
Restricted funds
Endowment	funds
Expendable	endowment	3,244,908		(21,303)	(103,328)	97,205	3,217,482
Total funds		~380074	200002	(170004)	(103328)	.	3.307304

Com parativ	e balances fo	rthe year ended	31March 2022:
		Balance at	Incoming	Outgoing	Gains/		Balance at
		01/04/2021	fesoufcas	fasollfces	0oases)	Transfers	31/03/2022
		E	E	E	E	E	E
Unrestricted	funds
General fund		173,297	139,998	(130,666)		(75,000)	107,629
Designated	fund	31,207		(3,670)			27,537
		204,504	139,998	(134336)		(75,000)	135,166
Restricted funds
Endowment	funds
Expendable	endowment	3,141,311		(21,261)	49,858	75,000	3,244,908
Total funds		3,345,815	139,998	(155,597)	49,858		3,380,074

		FO	RTHE YEAR ENDED 31MARC	H 2023
				2023
				E
Foresuy income
Sales - conifers and		hardwood	pulp and permits	91,258	124,689
Forestry Commission		Grant (50%)		36,050	34,747
Forestry Commission		Grant (50%)- over accrued			(43,336)
Venison sales				1,306	1,553
				128,614	117,653
Forestry expenses
Contract forestry work				6,023	14,686
Deer stalking	(contract forestry)			4,910	6,583
Wages				26,261	25,336
Repairs				1,685	1,314
Road maintenance				3,263	2,628
Planting				6,174	1,381
Travel				388	396
Miscellaneous				6,661	2,154
				55,365	54,478
Forestry net surplus					63,175
QQNNERV~ATI N
Conservation income
Forestry Commission		Grant (50%)		36,050	34,747
Forestry Commission		Grant (50%) - over accrued			(43,336)
Other income
				36,050	8,589
Conservation expenses
Wages				15,757	15,202
Conservation	work			15,441	7,084
Travel expenses				459	237
Repairs				13,861	19,954
Planting
Miscellaneous
				46,372	43,115
Conservation net surplus/		(deRcit)		(1Os2R)	I51,TIN)
OPERATING SURPLUS CARRIED FORWARD				62,927	11A71

13. COMPARAllVE BALANCES FOR THE STAT	EMENT OF FINANCIAL AC	IIVlllES
		Funds		2022
	Unfaolficted		Endowment	Total
	E		E	E
INCOME AND ENDOWMENTS FROM:
Donations and legacies	1,200			1,200
Charitable activities Investments	120824 18,474			120,324 18,474
Total income	139,998			139,998
EXPENDITURE ON: Investments -management Charitable activities	134,336		6,253 16,065	6,253 150,401
Total expenditure	134,336		22,318	156,654
Net gains/(losses) on investments			50,915	50,915
NET INCOME/(EXPENDITURE)	5,662		28,597	34,259
Transfers between funds	(75,000)		75,000
NET MOVEMENT IN FUNDS	(69338)		103497	$4459
RECONCIUATION OF FUNDS:
Total funds brought forward			3,141,311	3,345,815
TOTAL FUNDS CARRIED FORWARD			$~,908	$,$80,074

				FOR	THE YEAR ENDED 31M	ARCH 2023
							2022
							6
OPERATING SURPLUS BROUGHT FORWARD						62,927	11,471
)(EBI/L
Rental income
Rental income						10,200	10,200
Rental expenditure
Rentalexpenditure						4,342	1,558
Net rental surplus /	(delldt)					52)5$	$,642
ADMINI Tl		ETR
Administration income
Dividends and	interest received					24,463	18,474
Other income						1,555	2,260
						26,018	20,734
Administration expenses
Wages						10,504	10,128
Depreciation						26,473	27,551
Accountancy fees						2,400	2,225
Subscriptions	and membership				fees		98
Travelexpenses						242	730
Trustees' and	volunteer			expenses		2,281	285
Bank charges						154	27
(Propt)/loss on		disposal		offixed	assts		(1,973)
Repairs						6,155
Miscellaneous						472	631
Investment management				fees		5,239	6,253
Support Costs
Insurance						4,375	4,243
Book keeping						1,745	3,741
Professional fees						382
Photocopying,		printing	and office expenses			3,563	3,564
							57,503
Net administration	surplus /			(delldt)		Ill,see	ime,lNe
Overall net operating		surplus				RlglS	i16.65e
Gains / (losses) on Investment				assets
Realised						(14,526)	21,210
Uniealised						(88,802)	29,705
						(103,328)	50,915
NET MOVEMENT IN		FUNDS				(72,510)	34459