Charity Regl$tratStsn No. 300105 THE CHILD BEALE TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021
THE CHILD BEALE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Truit¢e$ O. Carr M. CaNell R. Hutton D. Mak) Chartty numb•r 300105 Audltor Richardsons 30 Uppei High Str¢¢t Tharne Oxfordshire OX9 3EZ 8ank•M HSBC plc 2 The Square Pangboume Betkshir• RG8 7AH Sollcltorn Wills Chandl•r 78 Bounty Road Basingsloke Hampshifo RG21 38Z Invmtment •1•11 Rathbon•$ 8 Finsbury Cir¢us London EC2M 7AZ
THE CHILD BEALE TRUST CONTENTS Pag• Trustees, pOrt Ind8pendgnt auditors T¥POrt Statemanl of fingn¢i•l a¢tNitt•s 8alan¢o sheet Stslèment of cash fl¢yws 10 Nob$ to the financid ststeff*nts 11-23
THE CHILD BEALE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 OCTOBER 2021 Th• trustees pres•nt their report and Ilnoftcial statenwnts forthe year 31 OL1ober 2021. The fi'nanei•l statements hav& been preparèd in accordance th• accounting poliues sel out in note 1 to th8 financlal 5tstements and comply Mth th¢ charitys Trust Dged, the Chart$ Act 2011 and "Accounting and Reporting by Charthe5' Statsmènt of Recomm•nd¢<l Practice apPlbI• to charities pr•paring their accounts in accordance wrth the Finaneial Reporting Standard applble inlh¢ UK and Republ OfIland IFRS 1021 leffecti 1 January 20191.. ObJ•¢tiv and xtfvttle• The objectiws of the Charty to pn)vrde and maifttsin a public p8rK pwding an 8du¢ational facilty for those interest•d in wildlife and pLqntS. 8nd also prowding a leisure la¢ilty ft)r the gonèral public. The Chorty rhvnslond In 8$rkshirè and has dgvdoped 8•4kn Part lo sch¥ th• above oty'8ctN•$. The Charity's •¢tlvthes includè thts ¢on$erv8tion of anirnal speci•s. Th• Trustees ¢onfirm that they h4v• r¢ftfred lo thè guid•n¢• contain•d in the Charity comnws5n's 9•nral guidan¢¢ rgn public benafft whtrn revn9 thè Trusfs aims and Obpctives and In pl•nning •¢fjvtb"es and dov$ltspment ofth• Pafk. There has b••n no ch•ny In thgm during th• y••r In ord•r to J¢hieve the obj8ctNe, a key part ofth• estste a wihl1if park with m8mmal$ and birds surrounded by gardens and 1oke3 ak)ngsidè th• Rrver Tham8s This provKles a fa¢ilty ftsr those in1•rted in wSldllle and consèrvation, whilst also providing lsUr¥ f•¢ilrb"es thè pnèral public. ch•nty is also involved in th• eon$ervalson of both domestsc and rar. ¢ndang¢red •ftiml species. N8w addition6 Clude g f¢mal8 lynx, who. alongsid¥ our m•le. fortr6 an irnportant part 018 European br••ding program. We hav• a zebra stsllion who forms P8rt of a braeding program wrth our young lerrole p18ins zebra. 5 female gU4nO5 have join&d us and are th• only bre•din9 females in tho UK. $0 once wo sour¢• a wable m•18 will stsrt a breeding pffjgrtm. Guanacos arn only found in thro• zoos in th• country, so aré o rare breed. Tho Trust 1$ an actNe m•mb•r ol BIAZA IBnti8h 8nd Irish Zoo and Aquarium Associab"onl •nsurin9 that anlmalg are bred and ¢ar•d for in accord•n¢e with Ihoir guid•lln¢s. Park admissions 8n(J annual m8mb8rships ¢ontinue to provide th majority oftho n•c•ssary fvnding for developing and running the park. a number01entS are also held to supplement this. FUrtherMmerCIal Ir0Y 18 generat•d through tho letting of fjdds for campin9, ehik1ren'$ •ctNbtws and paddle tryI1ng. Educallon groups at a favournbl admMion chargè arp ¢ncouTaged to u3& Ihe Purpoul1t Edu¢th'on C6ntr• whl¢h includes both an IndooT and outdoor ¢la$$room. In addition wè h•ve Introduc8(l an alt&r school Zoo Club which qwes childrèn the opportunrty to oet ¢105e to our 8nimal$ gnd leam about eon1¥4.0n and wldlifa. The trustees hav• p•td due ward to guidan issued by th• Charlty Comrrit5sion ir d•¢haing what actiVtt$ th• charity should undertake. Covld 19 Imp•sts In lin• wfth govemrnent guid4n¢• w& Closed the park mpened on 12th Aprd 2W21. C1 op8nlng week Saw nciè8s¢d numbers. In line wth Govemment guidèlin liThed dailyvisrtors lo ensure social distancing measu ¢ould be adherèd tg. Indoorattractions rèmained dosed Being an ¢utdoorattractr'on. havtng strict salety m8osure5 in p18cè and with it being th Easter holidays all contr"buted to OUT successful opening week.
THE CHILD BEALE TRUST TRUSTEES, REPORT (CONTINUEDI FOR THE YEAR ENDED 31 OCTOBER2021 Achiev•m•nt and performance The addrtion ofa new heail ofmarkètsng, along with an Knprov•d markeling strategy has seèn a significant increas in engagement across s¢e181 r18. a Thew websrt and a rebrand New, attraetNe svJn8ge throughout th park, offers informattrv¢ and educatsonal inform9tn and an enhancéd vtsrtor oxpenence. The impl•montsbon ol an onlin• tk•t booking system enabK•d us to mgnage numbers of vtsrtor5. it has gwèn valuable insights into vtsitor profiles and tscilitates advonct income. In the ev•nt that visitor6 are unabl8 to make the booked visit we ¢ffor an aAernatrve datès. Education etsnlinues to be a cornor8ton of the Park actsvibes and an improvèd offering is Ing dèveloped to onAble a wider offering to sctools in our area with th• ImpS8mgntatron of a new Edueatton Officer posth'on. We have establish8d a Zoo Club lor our youngèr w$to end improved catarin9 Optn$ for the visitors to thè park. Th& tumov8r from the Gift Shop er¢4$ed durin9 th• 8••sofb •$ a ol increased w$ltor number5. All availab18 prortKI8 in tho Park are now let to t•nants pwding additi'onal I1rr•. Fln•n¢l41 rèvlv The Trustees. lin8nLyal •lm Ls to enyurts that th8 ¢h8rty ¢ontrob costs and these ar• $ubstsnl#lly covered by ineom•. Th• Budg01 16 present to produc8 a small surplus each ar whilst ènhancing the Park's facilrti&$ and op&rating in the most cost4ffectN• mannèr 11 is tho poli¢y oflho Charity to rnaintsin frè• f8S¢NtrS at alovel which gèneratts Sufficnt incom when eombined with other sources of income to meet management. administratKn and support costs and to respond to trmergency needs which ari80 from lime lo lim•. The Trust80$, hgving r•gard to the IN4uidty requir•m•nts of optrrating the Path and to th• rtt•rvè$ policy have operated a policy of keeping av8il8bl8 fund$ in r¢adity realisabl8 quoted shar•s and $¢¢urrtTres and lo seek a ratè of return which match8s or •x¢è¢d5 inffetion as Thasured by thé r•tsil pri¢es Index. Such funds ar• manag8d by Rathbon•s of 8 Finsbury Circus, London EC21A 7AZ in x¢oid8n¢t wth the Trusts88 in$truetlon$ and suitable to the ¢hariti¢s obiectNes. Rl•k M•n4gem•nt The Trustees have a risk manag•mènt str8t•gy which ¢ompri$•s" an ongThng Teview ofthe risks the ehAnty m)y I•". th• •stablishment o15ysl¢ms and procedures to rnrtale those rkS identifi•d In the piqn,. the implemonlalion of pmcedures design8d to mininw$ •ny prJtentl81 Impact on the charity should thosè risk5 materialise. Th• Ilsk gss8ssmènt h•$ idenlffied a few rnirr new risks and has 8nabl8d irfpl8ffntotion of better emvjrgency procedurès and contingency plans. together wih bèttèr ongoiny pLgnning. H?atth and Safety of visitors Ig•n6ral publicl and YKJrkers has been given particular attènfr"on. A ktry ¢1grr@nt in the management of financial r+sk 1$ th• setting of a reserv•s policy and rts rÈgular review by the Tnjstees.
THE CHILD BEALE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2021 Plan¥ for Fubjre Periods The mission of th$ PO 1$ ¢ons¢rv8ts"on, educatron and a great day out in line V•ith th• objects of Trust. This mission slalement Is based on the intentions ol our found•f Gilbèrt 8eal&. Th• dèvèlopments planned focuses on animal conseTvab'on. educatKJn and anabling VrtOrS of all ages to di$Ver rrK)re about the natural worfd around thém. The recent rebrand to Beale Wildlif• Path, * Intsgral to th6$ 8$ the animal ¢olle("on plan evofves to provtda mor• animals of nots 8nd to move away from domesli¢ species. Animal and bird enclosures wll continu• to bè developed and improved under a rolTrg pro9ramm8. introdudton ofth• f¥mal lynx wll See a new, larg•r lynx •nelosur• buirt to a¢commod#t offspnng, 8$ well 85 to demonstrate hh levels of animal wolfare, vthich ¥ and our visitors are comwittad to. A numb¢r ol Caprtal eXpendire projects are pjanned IOT the 202Y23 s••son, with earnfvl planning and balance betsyeen infrastructure, enhancing th• VK8rtor xnn¢+ and •nh•n¢ing anim•1 INing condrtions. These projects will b agf••d wrth th¢ CEO and bo•(d ol IIu5tees li line V+ith available tund$ to wwost. In addrtion, smaller s¢akn rnalnlenance projects have been iryl8mented to inyrove existing f•atur•s. $u¢h as th• play ar886 and gift shop. Customer 8atisf8ctr.on of visitor •xp•rièn and f•¢db•¢k is undtrrway •nd will ntinue as wnprtsvemonts a mad8 •¢ross th Part. Parts ofthe wor-88t8th arn b•ing impro in bhry-dwsty with fvnding from the Counlrysld? Stowardship S¢h¢m¢ lo ?nable a ¢omplim?nlary feeding prograrrKr for farmLgnd birds. In addilion, this area of tho •stst• h•8 bird viewing 8r8a. structurn, gov•rn•nc• •nd m#n4•m•nt Th Charity 18 ¢on$16tutsd Trust$ InrPorated as • body and ts govwning documnt 1$ ts Trust Doed. dated 14th August 1956. Th• tru$t¢•s who s•rv•d dudng th• y••r and up to th• d•t• of sign•tur• ofth• fin•nci¥l stsl•m•nls w•r•". D. Carr M. Carv811 R. Hutton D. Maloney Trustses are seleded and invited to jOFn the 8oarf tsf Trustees by existing Trustees and th? appointThnt of Trustees is vested with the Tnjstees. Th• board of Trustees, which includes 811 Trustees, adrrnister5 the charty. The board meets on a gUlar basis gt le8$t fv$ timos a ytar. Th8 CEO has tho rsponsibilty of managin9 thè day to day oporntion ofthè chanty. To faciir(ate effethe operations, thtr TNstees delegate authorrty for operthnal matters. including finance and employment.
THE CHILD BEALE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2021 New Tnjstees undargo orientation to britrf them on thoir lsgal obligations under chanty and Company law, the etsnlent of the Trust Oeed, the eommrttee and d8cision rroking procés$05, the businèss plan and reeént financlal performance of the charity During the induetion they meet key employees and other Twstees. Trustees ar• •ncouraoed to att8n¢J appfopiiate extèmal trainina èvènts where th&s• ¥11 ts¢ilrtale th• Und•rta.nO ofth•ir role. Stat•m?nt of tru8t•••' re•pon•lbll+U? The trustses are responsible for pparIng the Tw8t•os' R•F4)rt and th• financial stateThnts In accordancè wtth applic8ble law and Unrted Kingdom Accounling Standards {Unrtod Kingdom Generally Acc&pt8d Accounting Practicè). The law appllcable lo chath'a$ in Eng18nd and Wales requirès thg trustees to prop8ie financial stst•nnts for ea¢h flnaneial yearwhich a Inje and fairvi?w olthe statè of affair5 olth• ¢haity and of th• incoming resour¢e5 and application of r•sources of th• ehar#y for that yo•r. In preparing those financ1 sla¢•m•nts, trust••8 aro wuir•d lo.. - s•l•cl surtable occountlng FKJIKles and thon appty th•m ¢onsistenty'. - observ• th• ffethod¥ and princlples in th• Ch•nb"•s SORP. - Make judgèm•nts ènd esbm•t•$ that •r8 r•a$M•ble and prud•ftt - stste vth•th¢r applicablo a¢¢ounts"ng stsndard$ h•ve baon folbwed. subject to •ny material d•partur•s d15elo$•d and •xplained in the financial ststorn•nts, and - prapar• the financigl st•l•mènts on th• going conc•m b•$i8 unknss tt 1$ Inappropiiqts to pro$umè that th• ¢harity wlll ¢onlinue in op•th"on. The trust••$ are respon)1• lor keeping sufficiènt alxounting cOrdS that disdose roasonabl? accurn¢y at any lime the fln¥nci81 posth'on ol the charty and •nalAe tham to énsure that th• finan¢k91 statements comply wrth th• Charrt105 Act 201 I, th• Charity IAecounts and Reports) Règulats'ons 2008 •nd the provision$ ofthe trust deed. Thèy are 81s0 respon$ible for safeguarding the ass•ts of the charity and hence for takn"n9 8$Onable st8p$ forlhts prevention and deteCtn ol fraud and other irr•gularrties. DI10$YT? of Inl¢xm•Uon to audltor Each of the trust895 has confirm•d that there ts no lnlDrMatn ol whith they are aware which is relevant to th• audit, but of which the au¢JKor 15 unaware. They have furthér Confined that thtry have tak8n oppPri8te stops to idèfttty such relevant inlomwtion and to estsblish that th¢ audrtor is awgre of such InfOrnll0n. The tvu$tees' it was approved by the BO8 olTrustees. D. Maloney Trustee Dated".
THE CHILD BEALE TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CHILD BEALE TRUST Oplnlon We hav& autlit•d the fin8nci81 ststèmrts ofThe Child Bèale Trust lthe'charty'l ft>rthg year endod 31 October 2021 which Comprise the ststèmant of financial activth"¢5. the balance she, th8 statement of eash llows and th• notes to the financial statem•nts. including a summary of signrfKant 8¢¢ounbng poliaes. Th8 financial r&porting framework that has bèan applied in their prèparabon is applicablè lawand Unrted Kin9dom A¢counts'ng St8ndaid$, including FRS 102 The Financial Rèporting Standard applieablo in the UK and Republic of IreLqnd Iunrtgd Kingdom G¢nerally Aecèpt$d Accounting Pra¢tic¢l. In our opinion. th& financtal statements". give 8 tru• and fair view ol th& State ol the eh8rty$ •ffairs aB at 31 Octob•r 2021 and of ts incoming rosour¢•s and application ot r•sour¢e6, for thè year th¢n ended". have been proyrfy par4d in accord•nc• wh Unitod Kingdom Generalty Acpted AoUntIng Pra¢tl¢e.' end have been pr•porad in accordan with th¢ requireffonts Oltho Charities Act 2011. for ¢)plnlon We conduetèd our audrt in accoffj¥n¢e wh Intèmabonal Stsndards on Audtting IUKI IISAS IVK)) and bpplicabl• law. Our wsponsibiliti8s undèr tStr stsndards are fvrther describ•d in tht Audrtorfs r•sponsibiliti8s for the audrt of the rinancial stat•m¢nts sectbn of ovr r¢poTt We ar• ind•pendent of tho chanty in accordancè wlth the ethi¢al r•quir&mgnls that are relav8nt lo tsuraudrt ofth• fin•n¢i81 ststeThnts in lh¢ UK. including th• FRC'S Ethic81 Stsndard. and we heve fulfilbd our ethal r•spon$ibilth'es in accord•n¢e wilh th•s• requif•m8nts. W• blivè that thg audit •vid•n¢• hove obtsin•d is sufficient and •pproprlats to provid• • ba$is for ouropinlon Con¢lu•lon• r•14tFno to golng coftc•m We havè nothlng Its rnport in rg$p•¢t tsf the foll(pwing mthrs in ro1kn.on to wht¢h th? ISAS IUKI r•quire UB lo report to y¢u where.. the trustees, us• ollh& going conc•m basis tsl a¢x¥>untiThJ in thtr preparatbon of th• financial 8tat•ments is not appropriatfj". or the trusta•$ have not diqelosed In the finanerèl ststenw)ts any OntIo0 matérial unc•rtslrtb$ that may ¢a$t SlgnrfKant doubt about the charity's abilty to conliTrue to adopt the going conc•m ba515 of accounting ft)r rio¢J of at l•ast knv¢l¥t months from th• date when th• flnanclal stat•m8nts •r• authorised for i$$u¢. Oth•r Informatlon Th& other information eomprises the inlormgtion included in thè •nnu81 report oth8rthn the financial $tstements and our audrtorfs raport Ihereon. Th• twsl¢es ai8 r•sponsiblg for the oth•r infrmmln. Our opinign on the financial 8tst•m•nls Joe8 not cOr lh other information and do not •xpr•ss any form olassur9n conclusK)n thereon. In connection Yith our audr( ofthÈ financial stst•m$nts. our responsibilty 15 to read th• othw information and. in doing so, consider whether the other information 1$ rnaterialy ineonsistent with the financlal ststements or our knowledgè obtained in the audrfi or otherws• appè8r5 to be matorialty misstated. If w• idgntify such matarial inconsistenci¢$ or apparent matsTral misstst&m•nts, we are r•quired to delerrrn• whèthèr there is a material misstatèmènt in the financial slalements or a material rT¥SStat•ment of the crfher infomwtion. If. based on the work wè have perfomiod, w& conclud• that Ihgrg iy a matsrial misstslemert of this other inforThtion. w¢ ore required to mport that faet. W¢ h¥ve nothing to r•port in this regard.
THE CHILD BEALE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE CHILO BEALE TRUST Matt•rs <)n which we are reqUIr to report by 0XPtIon Wè have nothing to r8port in r¢spect ofthe following matters in relation to which the Chaiiknos IA¢¢ounts and Reports) RegulatnS 2008 rèquire us to report to you rf. in our opinion.. tha inforrntion gNen in the finan¢ial ststements is inconsistent in any material r•sFCt with tho Irust••$' report.. or sufficient a¢¢ounting records ha not been kept.. or the financial statèments are not in agr••monl wth the accounting r8cords, or we have not r•c•ived all the inlonnation an¢J explenab.ons we requir• ft>f our èudrt. Rupon•lbllltlts of tru•te•• As explained rnor• fulty In the $tsteffnt of twste¢s' Tesponsibiliti•8, lh¢ trustees ar• rosponsibl• fr)r the pr•p8ration of th• financi81 statemènts and for bging satisfied that they 9N• a true and fair and for such internal ¢tsntrol as th• trust¢es determine is n•c¢s$ary to enabh thè propawation of financigl ststerTrJnts that arn fr•• Irom matsri41 misststem8nt, wh8thèr due to fraud or •Thor In preparing th• fin•n¢i•l stslements. th8 trust••s aro responsibJ• for 458•$8ing the chaiitV$ abllrty lo continu• a6 90ing conc&m. di6cl¢yJing, as applK•bltr, matters r•Lqt&d to gging concern and using the going concèrn basis of a¢counling unless the twstees ether Intend to c•as& tspernbons. or hav• no r•alisb"c altern8tsv• but 1¢ do so. Audltorf• r••pon•lbSlltl•• for th• •udtt of the flnAncl•l •tt•m We hova b••n appointed as aUrt undgr section 144 of thè Chèrrti¢s Act 2011 and i•port In acurdan¢• with tho Act and r•l•vant reguktion8 mod• or hvir effect thernund•r. Our objectwes are to oblaln rtr8$onable assurnnc• •bout whether the finan¢i•l $tst•ments as a wholg aro free from matertal misslat8m•n( whether du• to fraud or eOr. and to issuè an audrtof5 report that in¢lud&s our opinion. R6ason8bl• 455urance is a hi9h l•vg1 ol •s6urance but ra not a gUatee that an audrt condurted in accordance with ISAS IUKI will aayS d•tsd • merial mr6Statement when rt exists. Misstatèm¥nts ¢an arise from fr8ud or error and are considered matrial if, indNidually or In th¢ aggregate, they Cou# reasonably b8 •xp•ct¢d to inlluene8 the econonmc decisions ol users tsken on th¥ basls ofthege financial st•t•m8nts. A furthor de8cripl)n of our r•sp)n$ll.t$ for th• audrt of th• fiMn¢ial $tètsThnts 1$ lo¢ated on the Financial Reporting Council's w•bsrt• at". https'.114WhW.frc.or9.ukl•udrtorsresponsibiliti88. Thi$ d¢rIPtn fonns part of our audrtorfs r•port Oth•r matters Your 8tt•ntion Y6 to the fact that the ¢h•rty has prepared fjnanLyg1 statements in accordancè wrth'A¢countin9 and Reporting by Chanties". Slatewnent of Recommendèd Practe applicable to charrties preparing their accounts In accordance wrth th¢ Financial Reporting Stsnd8rd applirable in the UK and R8publi¢ ol Ireland IFRS 1021. las am8ndedl in pieference lo the Accounting and Reports'ng by Ch8rrts." St•terrnl of Recommendad Piadice issued on 1 April 2005 which is r•ferr•d lo in tho extant regulatKJns tArt has been withdrawn. This has been don& in tsrder for the financial st8twrnts to provide a tru• and f•lr vth in a(xofdanee wrth current Genarolly Accepted Accounting Prath"¢t.
THE CHILD BEALE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE CHILD BEALE TRUST U•e ol our report This report is made solely to the charfY$ tnjstees. as a body, in accordance V*ith part 4 of the Charities (Aeeounts and Reports) Regulations 2008 Our audrt work has b6•n und$rtaken 50 th81 we might 51ale to the charity's trustees those matter5 we are required to stst• to them in an auditors. report and for no othèr purpose. To the fvllest extènt permrtted by law, w& do not accept or assume Tesponsibilty to anygnè otheithan the charity and tha charty's trustees as a body, for our audit work. for thi$ r•port, or ftsrt opinions we have fonnèd. Rlchardson$ Chartered Accountw)ts statutory Audltor 1910512022 30 Upptrr High Street Thame Oxfordshlre OX9 3EZ Ri¢hafd$ons is eligible for appointment Ss audrtoi of th• ¢harrty by virtue of rts elvJibilty for appointmtrnt AS auditor of company undor of 8¢¢tlon 1212 ollhe Companl•s Act 2006
THE CHILD BEALE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2021 T(A•l Unrtrstrirted fijnds 2020 Reslricted funds 2020 Total funds 2021 funds 2021 2021 2020 0on81ions and legacies Chantsble activthes Invostments Othèr incom Commoreial trading 114,530 1,911,801 44,048 85.713 125.426 114.530 1.911,801 44,048 85.713 125,426 164.743 750,677 45,397 93,321 71.062 164,743 750.677 45.397 93,321 71,062 Total in¢om• 2,281.518 2.281,518 1.125,Xh) 1.125.200 Raising fund$ Commercial trading 85.(K11 86.855 65,001 88,855 40.833 82,444 40,633 62,444 Ch8ritsbl• a¢Mè8 1.318, 17.000 1,335. 1,104,087 17.000 1,121,087 Total r••ourc •xp•nd•d 1,469,20 17,0(Kl 1,486,920 1,207.184 17.000 1,224,184 Net gainslllos$esl on Invgstments 11 254,489 254.489 1138.8631 1138.6631 N•t {outgolngVlncoffllng re•ourc•• 1.(M,087 117.0001 1,049,087 {220.8271 117,0001 1237.6271 Oth•r r•eognl••d g•in and k¥Me• Revaluation of tsngible rix8d as88t8 187,0(Kll 187,fy)01 386,375 388.375 N•t mov•m•nt In fund• 979,087 117.000) gE2.087 165.748 I17,0) 148,748 Fund bae•S at 1 Novèmber 2020 6,703,075 lo2.0 8,805,075 6.537.327 119,000 6,656.327 Fund balanc at 31 October 2021 7,682,12 85,OCQ 7,767,162 6,703,075 102,000 6,805.075 The stalernenl of financial actiwbes ClUd•S All gain$ and losses recognised In the year. All incom• ond èxpèndituie derive from continuKig actsvities.
THE CHILD BEALE TRUST BALANCE SHEET AS AT 31 OCTOBER 2021 2021 Group Par•nt Flx•d •1 Tangible assets Investm*nl properti Inv•stments 12 13 14 2,735,163 1.680, 1.775.W2 2.725. 173 1.880,000 1,775,W2 2.857,295 1,767,000 1,532.957 2,851,530 1,767.000 1,532,957 6,190,555 6.180.565 6.157,252 6,151,487 Current •••ots Stocks Oebto Cash •t bank end in hand 15 16 17.13$ 82,724 1.832, 8.860 289,460 1,&24,780 49,138 79.800 780,145 3,000 246.449 817,118 1,932,415 1.W23,100 889,083 866,585 Cred5tor•: $nUnts fallln9 du• wtthlth on• y•ar 17 1355.8081 1342,499) 1241,2801 1230,8221 Net ¢UTrnnl •ss•ts 1.576.807 1,580,801 847,823 635,743 Total au•ts l••• CUfr•nt lbIlItI•# 7.767,162 7,761,168 6,805.075 6.787.230 In¢om• fund• Restricted fund8 19 85.WO 102,OCQ 12,Cl0 General unrèstrirl¢d lunds Revaluation re$8rv8 Fund retoined in non4haritsble sub&dkgry 7,378,791 299,375 7.376,791 299.375 6,298.855 388,375 17,845 6,298,855 388,375 7.682,1 7,676,166 8,703,075 6,685,230 7.767,162 7.761.166 6,805,075 6.787.230 D. Maloney Tvu•t•fr Trust
THE CHILD BEALE TRUST STATEMENTOF CASH FLOWS FOR THE YEAR ENDED 31 OCTOBER2021 2020 P•rnnt Oroup P•r•nt Ca•h flow¥ from oper•tSng xtlvlll•• Ca$h g?nerated from operations 1,053.935 980,208 50.831 7,196 Inv•8ilng ¥ttle• Purchase oltsngibl• fixèd assets Purchaso of investments Proceeds on disposal of inv•strnnts Invèstment Incom8 137.6281 1257.7261 289.782 128.726) 1257,7281 289,782 44.048 121,4871 1224,7401 236,146 45,397 121,3121 1224,7401 238,146 45,397 Net c•h g•n•rat¢d from Inv••tlng actlvlt 18.476 27,376 35,316 35.491 Net cuh u••d In Iln•ndng xtlvltl•8 N•t In¢r•4•• In c••h •nd ca•h •qulv4l•nts 1.072,411 1,fy)7,664 86.147 42.687 Cash and cash equNo1onl$ Jl b•glnnkng olyoar 780,145 617,116 873,998 574,429 C•h and ¢••h •qulv*lènts It end year 1.832.558 1,824,780 760.145 617,118 10-
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER2021 Accountlng Wlckn• Charlty Information The Child Beale Trust 18 ¢on$btutod by Trustees as a boty and ts govèming doojmerit 1$ its Trust Deed, dated 14th August 1956. 1.1 Aeeountlnq conventx>n The financial ststemants been prepared in accordaneè wrth thvj charivs Trust Daèd. dgt¢d 14th August 1956, thè Charrti8sAct 2011 and'Aecounting and Reporting by Charities.. Stst•mènt ofRgcommended Praetiet applicable to charrties prep8ring thir accounts in accordance wth thè Fin•n¢ial Reporb'ng Standard appli¢8ble in the UK and Republic of Ir¢land IFRS 12) leff•Ct1 1 J•nuary 2019r. The charity is a Publi¢ Benefit Entity as d•fin•d by FRS 12. Thè fin#n¢io1 ststewnents have departèd from tho Chanlies (Accounts and Reports) R•gulatKJns 2008 only lo the 6xtent rUIred to provide a trtje and fair viw. This depèrture has involved following tho Statement of R•eommen¢J¢d PraCte for chariti•s applying FRS 102 rather than th• v$rsion of th6 Statemènt of R$¢ommended Praetsc• whl¢h 1$ r&f¢rred to in the RegulanS butwhl¢h has Since been wbthdrawn Th• finan¢i41 ststemenls ar• pr•p•r•d in stsrfing, vthkh is th• funGllon•l CUrr¢Y of tho charty. Mon&tsry amounts in th0 finan¢ial statsments are round8d to the n&•$1 £. Th• Ilnaneial stst•m•nts ha boen pparad und•r th• histod¢•l cost convontton. modrfyad to Include th6 r•valu¥tion ol tsehokl Properties and to 4n¢lud¢ Imie5trnt properb'•s and e•rtain fin•n¢i•l in8tNmenls at fair value. The principal accounb.ng poli¢i•s adopted ar& set out below. 12 Golng ¢on¢•m At the lime of approvlng th• fln•newl ststèmènts, the trust•8s hav• a r••Sonab expectatron thot th• chortty has adequ8t• rnsources to continue in operats.onal èxtsl¢n¢e for the foreseeab futur•. Thus the tru61ees ¢ontsnu¢ lo a¢Jopt th• going eoncwn bosi$ of •¢countsng in PParing the ffinancial st•fymehts. la Charltsbl•fvnd• Unrestriclod genwgl fiJnd$ ar• fvnd$ which (¥n b• us•d in fj¢¢ordan¢e wtth lh• chaiitable objects at th• dlscr•ts'on oltht Truste. De$lgn8led fijnds are funds set 88id• by th• Trustees out of unroslncted g•n•ral funds lor specific fvture poseS or projects. Rèstrktsd funds are lund5 that cen onty be used for particul•r wtricted puwses wtthin th• oblacts of the h4fty. ReslrKtr'ons arise Nthen spfrcffied by the donor or vthen fvnds a raised for p8rbcular restrKled purposes. 1A Inwne Income ra recognised when th• charity is Eeg•lty entrued lo it after any perfomancé condf(lon$ have been met, the amounts can be mègsur¢d rtrliabty. and rt is probable that income wll receNed. Cash donations aro re¢ognised on receipt. Cther donatKsns are I•gnIsed once the charity has b nolfi¢d of the donation, unless perlormance conditions Tequiie deferral of tho amunt During thè yèar trnded 31st October 2018 the ch•nty r1¥¢4 a grft of a significant ¢xJll•ction of model boats from the Estate ofthè fomr Chair of Trustees, Richard Howard. An aecurats valuab.on was not possibl8 but rt is believed they moy in total be Irth £240,000. The chaEty MII dispose ot these boats ov&r a long pèriod of "m8. to obtsin the best value in th• mathet The Trustees determined that the procaed5 Irvm sale will be recognised as they aris• and •r* $hry4vn as gTfts wthin Voluntary Incomè.
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2021 Ac¢ountbng pollcle• Lègacies are recognisèd on receipt or oth6Thvis• rfth& charty has beon notffièd of •n impending distr¢butM)n, thè amount is known, and roeéipt ts expected. Ifth• amount ts not kn(pMI. the hg8ey Is treated as a continggnl asset. Grants are recognised at time of receipt. Grants rèc¢rved in respect ol caprtèl d•v•bpments are t agoinst the relevant caprtal èxpendrture. No provision has been made fw possib dawback of 8ny grant Wil¢Jlifo Park adrrissions Ineome and other Part activity ineome are recognised in th p•riod in which th• ehBnty is enlttled to rec&ipl and 15 del8Thed wher• it r•latos to luture evonts taking or onlrtles ènty lo the Park in Jtur• periods. Income from Inwstmonts is recognis•d on a roceNabkn basts. 1ts ExpendStu Liabilitiès Are CognIsed as p•namur& 0$ soon th•r• is • l•g•l or con$tnJc4N• obligalon commttting th• charty lo that expèndrturtr, rt 15 probable that a transfor of economic b8n•fits wll tyg required in $8ttl¥m¢nt and th am¢unl of the oblig8tron ¢•n be measured r8liably. Exp¢ndibJre ig accounted for on an a¢CnJa basis and has been classifièd und¢r headings Ihat aggi•gats all cost relatsd to th¢ ¢al¢gory. Wher8 eosl$ ¢8nnot be directly attributed lo particular headings thèy hwe btrèn allocated to a¢livth"•s on a basrd consistsnt Ihtr u60 of resources. Costs of r8i$lng ftjnds are thos• costs inoJrTed in attracting voluntsry incomo, and publl¢lty or Information costs invo in r8ising the profile of th8 ehafty. They Ilde th• ¢osts of commercial trading &om the gift Shop run by tho subsmjiary eompany. Ch81itsblè •etwthes Irld0 •xpèndrturtr a530ciated wrth thè operation ol the Wlldlif8 Park and Farm and include both the dif¢ ¢0Sts and support Costs rglating to these acliwti•s. Goveman¢o ¢osts include Ihoso incurr¢d in the govemanc• of thg ¢h8rtty and rt8 assats and are prtrnarily 8s$ociated wth constrtutional and statutory rèquirements. Support costs include central fijnetions and have been alk>cated to 8LXMty Cost categories on a basi consistent with the us• of r•$¢u¢es, e g., alloealjng propgty costs by floor ar•a$ or per caprta, stsff costs by the b.mè sp¢nt and other costs by their usage. 1.6 Tanglble flx•d a¥•ets Tangible fixed assets are initialty measured et cost and subsaquently measured at cost or valuation. not of depre¢ialion and any impoitrnent losses. D•pwialion is recogni8ed $0 •$ to write off the cost or valugt¥)n ol assets less their r•sidu81 value5 over their useful INes on the fc41(Mlng bases.. Freehold land and buildings Planl and equipment Park Equipment and Facilrt Motor vehiclès Statues and Works of Art 2%- Reducing Balar 25%- R•duung Balance 1J- Reducing Balan¢e 25%- Reducing Balancè A- Rèdueing Balance The gain or loss arising on the disposal of an ass¥t is deternined as the drfIeetr botsveen the sal• proceeds and the carrying value tsfthe asse( and 15 reeognistsd in net 1ncomellexndrture) forthe year. 12-
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 OCTOBER 2021 A¢¢ouDllng polkle• 1.7 Inve¥tment ptop•rtl•8 Property, excludin9 that o¢¢upied by stsff. that becomes tènantsd is required lo be treat•d 0$ an invtr5tmenl OSS8t. Thé value shown tn the finanal statemènts represents eitherlal a valuation as provided by the Trust••s on a rental basis to determine morket value or Ibl an Open market value as provided by agents whèrè th• property is c8pabl• of séparate disposal. Wherè propèty r6 pla¢od on th market lor Sa th8 v8luotion 15 based on th8 agènts best estsmate of the sale value subject to a deduction for prudence sale h8s not y tsk¢n place. 1.8 Flxed aM•t Inv••tnnts Quoted Investm8nts arè ststed at mark6 value vthich is basd upon the c105ing ddI8 Matt pri¢¢ at the aceounts dal as advised by the fund manay•rn and invtsstment athsers. DidèndS and int•re5t are includad when receNable. Reall gains and lo55es on dvsposal of invèstmènts ¥r¢ rtrcogni58d in tha Ststèmènt 01 Fln¥n¢i81 A¢tNities when the sale has compl•1. Unrèalised gains and losses on ralUab"0n at each year and are shown in th• Statèmènt of Financial Actth and added to imstm¢nl v85uabon in the Balaneg sh1. I Imp4lrm•nt of fix•d ••••t¥ At tr¥¢h reporting end date, the ¢hanty r•w¢wsthe carrying arrKJunts of ts taft9• 8ss•ts to determine whèther there is any indicalon th81 those assets have suff•red An impaim)ent loss 11 any such Indication &xists, the roc0robl• amount olthe asset 18 estsmated in ord•r t¢ dottrrn¥ne the extent of th• impaimènt1055 lil any). 1.10 stock• Stocks ar8 st8t•d otthe Imrofcostand eslimat8d s•Hing pri¢¢ l•$$ costs to compknt• and s•ll Cost ¢QmPfise$ direct materials ond, whèr applicable, direL1 labour eosts and thosè ovèrhÈ8d5 that have been incurred in bringing th• sto¢k$ Its their present kication and ¢ondthon ttems hekl for distribution at no or nomtnel ¢onsiderats"on are rneasurefl the bwer of r¢pJa¢¢thnt cost and cost Nèt rè8lis•bl¢ value is the estsmated selling l•ss al ¢str'mated costs ofcomption •nd costslo b• incurred in marketing. selling and distn"butson. 1.11 C•h and cash equlv4l•nts Cash end cash aquivalènts include sh hand, doposits held At call vhth baThk8. other short4em Ilquld inv6Stm6nts wjth original maturrties of thT•• months or l•ss. and bank overdr¥fts. Bank overdrnfts arè Shown wrthin bo?WingS in current Itabilit$. 1.12 Flnancl41 In•truments The charty has 8l•ct8d to apply the pThi5ions of Section 11 '8asic Financial Irtstrumgnts. and Section 12 'Other Finaneial In$trurnents Issues. of FRS 102 to all of rts financA¥I inslJurrents. Finan¢i•l irthments are recogni% in lh• eh8nty'$ baknce sheet en Ihe charty b•¢ome$ party to the contractual prov10n$ of the instrunnt Financlal assets and liabilit5 are offset. Vlith thè n•t amuftts prtrserrted in the financrdl statèmènts, when Ihere is a legally enforc•atAe nghtto set off th? recogni5ed amounts and therfr an intentlon tr on a net basis or to realise the asset and settfe the liabilty simultaneou$ty. Basle financlal a¥sets Basic financial assets. which indude debt0 arml Cash and bank balances, are inthlly FrSur8d attransadon pri¢e incltjding transaclyon costs and Arè subsequenly carrTed at arrKJrb'sed cost using thè affectwe interest method unless the affangamènt consbtutes a financirMJ transaction. where thg tsansathon is measured at the present value of thè fulure receipts discounted at a market rate of interest. Financial assets classifièd as receNabl¢ wthin one year are not anrt8. 13-
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCT08ER2021 AOntIng poHel•s 8a•lc flnancll Ilabllltle• B85ic flnancial Iiabilrtias, induding credrtor5 and bank loans are initialy recognised at tr#n5actn pric unlass the arrangement ¢onstrtuts a financing transath'on, wh1j tho d¢bt instrum•nt is measured at the present valué of the fvture payments di5t•d at • market Tate of interest FinanciBI 1kgbil"&S eL4ssified as p8yabl& wf(hin one yo8r •rg not arrnrttse(l. Dèbt In8trum•nts 8r• subsequentty carried at amtyt"s¢d ¢osL u$ing the effectNe interest ratè molhod. Tr8d• creditors are obligation$ to Y for goods or seNKes that have b8trn a4uir•d in th• ordinary coursa of optr4lons ftom suppliers. Amounts payable ar¢ ¢lOlfied as current liatsliti8s If payment is du wrthln one yar or less. If no( they ¥r¢ pr¢$¢nt•d as non-current Ikqbilrtse5. Trado ¢rodrtors ar8 fecognised In.81 at tran58ction Prfj and subs•quentty me8$urèd It •mortis•4 cost usiw th• effedive inter¢st nxth¢J. D•r•cognltlon ol fin•n¢l•l Ilabllltkn• Financial 11èbl1¢1 •r• d•r•co9nis•d wlwn tho charity's ¢ontrKlual obllgations expire or ore dlschorg8d or ¢anc•lled. 1.13 Employw b•n•llts The cost of any unu$•d holkl•y enbtt•rMnt i8 r•cognised in the yrh)d in Nvhi¢h the aryloyee's seNices are r•¢8N8d. T•mln•tlon b•n•ffts are r•c4Jgnis8d immedtelY as 8n when the chanty Ls demonstrably Commrtted to tsmiinats the wnployment of fjn •ryloyo• OT to proVe t•mln•tKn b•n•fft¥. 1.14 Rdlr•m•nt b•n•llts Payments to dtsfined Contributlon rnlir•m8nt benefrt schomes •r• ¢hary•d as An •xp•ns• as Ih8y 1811 dua. 1.15 8Srd• and Anlml• The TnJst68s took the decision in thg year ?ndod 31 Cttob•r 2019 to no long8r Value the birds an¢J animals 8$ they cannot be bought or sold and, like other similar organi$•tion$. th•y wll no longer be carried in the Balance Sheet (note 111. Oon*tlon• and l•g•¢l•• Unvewtrlthd Unmsmctéd fund• funds 2021 2020 Donations and gifts Grants rèceNable 75,741 38,789 60,474 104,269 114.530 164,743 Grants recelvable fr)r core activil¥e• G)vernment grants ICOVID relatedl other 81,832 22,437 38,789 38,789 104,269 14-
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 OCTOBER 2021 Charlt4bl• a¢tivl¢le• 2020 Idlife Park admB$ions Ineom• from other park ackn'vities 1,760,899 150,902 645,932 104,745 1,911.801 750,877 Inv••tsn•nt• Unrn•trlct•d unstriCted fund• funds 2021 2020 Invèstmgnt incom 44,048 45,397 Oth•1 Incom• Unrn•trlot•d Unrestricted nd• nds 2021 2tr20 Rents recewable 85.713 93,321 Rllng fund• Unre•trlcted Unrnstnct8d lund• fijnds 2021 2020 Other fundraising costs 52,759 29,228 12,242 11,405 15-
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2021 Charitable xtF¥ItI•• 2021 2020 Staff ¢ost$ O¢preci8tioft Ind Impalrment Maint•nane• and upk*•p of Park Upkeep of birds and animals Evant costs Crgdrt Card transadon costs 450.809 148.054 166,938 29.971 4.795 85,094 433,137 156,027 120,113 25,991 1,271 9,747 885.461 748,286 Share of support costs Iw not• 8) Sharè of governance costs not• 81 135,914 313.889 118,875 256,128 1,335,C64 1.121,087 Analy•l• by fvnd Unrastricted funds Restricted funds 1,318.CQ4 1,104.087 17,000 17,000 1.335,W 1,121,067 16-
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STA TEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2021 Support ¢ts 2021 Support Govem8nc• costs ¢osts 2020 Stsff ¢osls Depreciation R8tgs, watsr and insurance Light, heat and power ststiongry and pnnling Telephone and postsg• Travel and vèhicl• èxpensg5 Web Development Audr( f•os LegBI and professional Sundry Exwnsè$ Tru8te• costs 199.837 7.031 199.837 7.031 182,072 13,733 182,072 13,733 57.636 57.636 42.683 42,883 46.732 8,417 46,732 8.417 6.4LIS 43,408 8,214 6,019 6,100 43.4rA8 8.214 6.019 8.011 6,011 8,100 10.712 10.712 13.708 63.917 27,827 1,369 12.253 12,253 11,500 18,168 30.462 191 13,708 63,917 27,827 1.369 11,500 18,188 30,462 191 135.914 313.689 449,803 118,675 256.1 374.801 Anatysed b•ts¥••n Chantsbla o¢tMti•s 135.914 313.689 449.603 118.675 256,128 374,801 Governanee costs includes payff*nts to the auditors of£12.000 {2020.' £11.5001 for audrt faas. Trustw• None of tho tnJst8•s lor any persons conn•ct•d with th•ml T•C•Nod any r•mun•ration from thè ehanty durtng th& y••r. No •xpèn$es wtrrtr reimbursed to any trustee during the year to 31 October 202112020.. £49, lone trustoell. Trustges maoting expnsès nunt to £1612020." £1421. 17-
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2021 10 Employe The average nKinthty number of employees during tho ye)rw8s'. 2021 Numb•r 2020 Number Off c• Shop Upkeep and Animal Wdfar• 23 32 Total 31 Employment co•ts 2021 2020 Wagos and salaries Social s&cur¢¥ costs other pension costs 560.269 40,830 14,110 37,990 11,996 850,446 615,209 numhr of omployges whose annual r•munèratlon was É80.OIlO or K>re weie: 2021 Numbef 2020 Numb•r £60,000 to £70.0 11 N6t gdn•llkAM•} on Inv••tm•nts Unr••trlct•d Unfestrthd fiJnd• funds 2021 2020 Revaluats'on ol investments 254,489 1138,6631 18-
moly 2 01> tt+ 3
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2021 13 Inv•stm•nt property- Group and Chaflty 2021 F•lr v•lu• Al 1 Novgmbr 2020 Revolu#tion of tangible frxed as8•ts 1.767,000 187.0001 Al 31 Octob8r 2021 1,880,000 14 Flx•d •u•t Inv••tm•nts- Group and Chwlty C•h In Inv••tmnt• portfollo ToLg1 Co•t or v•lu*tlon At 1 November %Y20 Addrth)ns Valuation ¢hang•s Disposals 1,498,229 253,124 254,489 1269.782} 34,728 1.532.957 253.124 259.093 1269,7821 4,804 At 31 Octobtr 2021 1,736,060 39.332 1,775.3¥2 Carrylng amount Al 31 October 2021 1,736,060 39.332 1,775,392 At 31 Odobor 2020 1.498,229 34,728 1,532,957 Thè Charity also hokls 1 Ordinary£1 shar• in ts wholly tr•med tradlng sUbsKIry company, Beale pa Trading Company Ltd, vthich is inrPOrated in the U 1S Stock• 2021 Gn>up P•r•nt 2020 Group Parent Shop Stock Birds and Animal Maintenanc stocks- Olher 8,275 46,138 1,500 1,5(M) 1.500 1.5CiI 5860 17,135 1,500 1,$00 8,860 49,138 3,000 -20-
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2021 16 0¢1tr• 2021 Gr¢up P#rent 2020 Group Pr•nt Amounts lalllng due Ttthln on• yew: Trade debtors Amounts ow•d by subsKlkgry underlakn.ngs Prapayments and aoxu¢d ti)¢om• 18.184 18.184 207.076 84,200 7.381 7,361 166,972 72.118 84,540 72.439 82,724 289,480 79,800 246,449 17 Cr•dltor•: amounts l•lllNJ du• Twlthln on• y••r 2021 2020 Oroup P•r•nt Group Parnnt Oth•rtaxation ond ¢501 $cnty Deferred In¢om• Trade ertditors Other credrtors Accruals 33.506 28,391 123.1107 123,007 109,702 102,663 6,155 83,438 34,705 101,691 82,923 S85 21,278 27,018 101,691 81,602 585 19,928 83,438 3$5.8 342,499 241,280 230,822 18 D•f•rr•d Incom• 2020 Group P•r•nt (oup P•rént Other def•rTed incoff 123,007 123,007 101,691 101,691 19 R•strbcted fvnd• The reslri¢ted funds lat$ to a totsl donation of £170.CW roe&Ned from Thames Watsr for lh• purposas of an education pfoject which was completed in 2016 and is being deprecwted owr a ten-year period. 21
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2021 20 Analy•l• of n•t belween lund8 Unrutrlctsd Restrlcted lund• fund8 2021 2021 Total Urtwstricted fvnds 2020 R¢$tsicted fiJnd$ 2020 Total 2021 2020 Fund balances at 31 October 2021 ar prasented by.. Tangibltr ossets Investment prop8rtr•s Investmttnts Cuffent as59lsllN8bilitiesl 2.650,163 1,680.000 1.775.395 1,578,604 85,0(KJ 2,735.163 2.755,295 1.680.0 1,767,000 1,775,395 1.532.957 1.580.598 647,823 102.000 2,857,295 1,767,000 1,S32,957 647.823 7.682,162 85.000 7.767,182 6,703.075 I02.C 6.805,075 21 R•mun•r*tlon of key managemtrnt per•onn Thè remuneration ol key tNnagerronl personnel ts as follcNA. 2021 2020 Group Pw•nt Group P•Mnt Aggregatè ¢ompens8tion 86.474 76,517 95,358 76,952 The kéy managemgnt oftho group corrorrne th• trustè•s. Pa Oiredor. tho accountant and th& Shop man8gar forthe subsidiary ¢oryany.
THE CHILD BEALE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2021 22 C•Bh g•n•rated from operallon• 2021 Group Parent 2020 Group P•rnnt Surplus for the year 1.049.087 1.050,516 1237.6271 1246.2451 Adjustments for.. Invostmenl incow recognised in statement of financial Loss on dl$posal of tsngible fixed ¥$$ets Falr value gains and106so5 on inv06trnènts D•pre¢lation and impalrm•nt of tangib fved as$ets 144,0481 144,0481 145.3971 145,3971 8.376 7.031 13,733 13,733 1254.4891 1254.4891 138,663 138.663 151,382 148,052 15B,001 156,027 Mov•ments In working ¢aprt81'. O&¢r•asedl(incréasel in stts¢k Ilncrea$•ydecrea$ In debtors In¢rèas8llde¢r&a$•l in Crodrtors Incr•ase in d•l•rr•d incom• 32,003 15,8801 12,9241 143.0111 93,232 1 c(J,781 21,316 21,318 2,969 1,099 139,5451 16,0851 4.481 25.475 25,475 CA•h g•n•rthd froRVl•b•orbed by) op•r1¢>n• 1.053.935 980.288 50,831 7,196 23 An4lysl• of efiang•• In not fvnds The ¢harty had no debt during the year. -23-