2020-12-31-accounts - The Royal Forestry Society

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Trustees		SirJames Scott	SirJames Scott	(President)
		BHerbert (Vice		President)
		K Martin (Chair ofthe Board)
		R Morgan-Giles		(Treasurer)
		Dr C Cahalan
		D Gwillam
		J Hamilton	Stubber
		C Harrison
		AJackson
		A Shirley-Priest
		R Wardroper
		AWoods
Secretary		S Lloyd
Charity number		306093
Company	number	05306975
Registered	office	The Hay Barns
		Home Farm	Drive
		Upton
		Banbury
		Oxfordshire
		OX156HU
Auditor		Ellacotts Audit Services Limited
		Countrywide	House
		23West Bar
		Banbury
		Oxfordshire
		England
		OX16 9SA
Bankers		CAF Bank ftd
		25 Kings Hill Avenue
		West Mailing
		Kent
		ME194JQ
Solicitors		Birkett Long LLP
		Number one
		Legg Street
		Chelmsford
		Essex
		CM1 1JS
Investment	advisors	Punter Southall Wealth
		11 Strand
		London
		WC2N 5HR

		Page
Trustees report		1-8
Statement oftrustees	responsibilities
Independent auditor's	report	10 - 12
Statement offinancial	activities	13-14
Balance sheet
Statement ofcash flows
Notes to the financial statements		17-29

The directors ofthe charitable below have held office during	The directors ofthe charitable below have held office during	company are its trustees for the purposes the period from 1 January 2020 to the date	of charity law. The directors shown ofthis report.
SirJames Scott	(President)
B Herbert (Vice	President)
K Martin (Chair ofthe Board)
R Morgan-Giles	(Treasurer)
Dr C Cahalan
D Gwillam
J Hamilton Stubber
C Harrison
AJackson
A Shirley-Priest
RWardroper
AWoods

Current financial year
		Unrestricted	Restricted	Total	Total
		funds	funds
Income from:	Notes	2020 F	2020	2020	2019 f
Donations and legacies Income from charitable activities		61,992	208,920	270,912	247,522
Seminars, meetings and events Subscriptions from members Other income Investment Income		226,722 6,722 48,661	7,868 3,599 6,783	7,868 226,722 10,321 55,444	26,642 212,844 14,916 81,094
Total income		344,097	227,170	571,267	583,018
~E* Cht
Raising funds		37,969	1,010	38,979	39,839
Charitable activities		312,860	153,348	466,208	518,141
Total resources expended		350,829	154,358	505,187	557,980
Net gains/(losses) on investments		(106,538)	(16,457)	(122,995)	131,922
Net movement in funds		(113,270)	56,355	(56,915)	156,960
Fund balances at 1 January 2020		1,759,705	465,077	2,224,782	2,067,822
Fund balances at 31December 2020		1,646,435	521,432	2,167,867	2,224,782

Prior financial year -restated
		Unrestricted	Restricted	Total
		funds	funds
Income from:	Notes	2019	2019 f	2019 6
Donations and legacies income from ch ritable activities		21,956	225,566	247,522
Seminars, meetings and events Subscriptions from members Other income		14,498 212,844	12,144	26,642 212,844
Investment Income		6,736 69,700	8,180 11,394	14,916 81,094
Total income
		325,734	257,284	583,018
en itureon:
Raising funds		38,844	995	39,839
Charitable activities	8	302,083	216,058	518,141
Total resources expended		340,927	217,053	557,980
Net gains/(losses) on investments		114,271	17,651	131,922
Gross transfers between funds Net movement in funds		9,349 108,427	(9,349) 48,533	156,960
Fund balances at 1 January 2019		1,651,278	416,544	2,067,822
Fund balances at 31 December 2019		1,759,705	465,077	2,224,782

						2020		2019
								restated
					Notes			6
Fixed assets
Tangible assets Investments					14 15		311,906 1,553,088	311,507 1,573,226
						1,864,994		1,884,733
Current assets
Stocks Debtors Cash at bank and	in	hand			16 17	1,105 76,033 273,413		2,108 26,019 369,107
Creditors: amounts		falling due within				350,551		397,234
one year						(47,678)		(57,185)
Net current assets							302,873	340,049
Total assets less	current			liabilities		2,167,867		2,224,782
Income funds
Restricted funds Unrestricted funds					19		521,432	465,077
Designated funds General unrestricted		funds			20	1,508,727 137,708		1,529,690 230,015
Unrestricted funds						1,646,435		1,759,705
						2,167,867		2,224,782
The financial statements			were approved		by the Trustees on 4$.l....Ll.X-.QLI
						Jsun~.~.
						SirJ Scott
Treasurer						President

			2020		2019
		Notes			6
Cash flows from operating	activities
Cash absorbed by operations		25		(44,032)		(43,192)
Investing activities
Purchase oftangible fixed assets Purchase of investments Proceeds on disposal of investments Interest received			(4,395) (208,885) 106,174 55,444		(915) (274,455) 281,185 81,094
Net cash (used In)/generated	from
investing activities				(51,662)		86,909
Net cash used in financing	activities
Net (decrease)/increase in cash and		cash
equivalents				(95,694)		43,717
Cash and cash equivalents at beginning		ofyear		369,107		325,390
Cash and cash equivalents	at end of	year		273,413		369,107

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2020 6	2020 6	2020	2019	2019f	2019
Donations Grants		and gifts	29,441 32,551	208,920	238,361 32,551	21,956	225,566	247,522
			61,992	208,920	270,912	21,956	225,566	247,522
income	from
charitable		activities
			Seminars, meetings and events	Subscriptions from members	Total	Seminara, meetings	Subscription s from	Total
						and events	members
			2020	2020	2020	2019	2019	2019
						restated	restated	restated
					s	6	6	f
Sales within		charitable
activities			7,868	226,722	234,590	26,642	212,844	239,486
Analysis	by	fund
Unrestricted funds Restricted funds			7,868	226,722	226,722 7,868	14,498 12,144	212,844	227,342 12,144
			7,868	226,722	234,590	26,642	212,844	239,486

					Unrestricted funds 2020	Restricted funds 2020	Total 2020	Unrestdcted funds 2019	Restricted funds 2019	Total 2019
								restated
							6
	Other income				6,722	3,599	10,321	6,736	8,180	14,916
6	Investment Income
					Unrestricted funds 2020	Restricted funds 2020	Total 2020	Unrestricted funds 2019	Restricted funds 2019	Total 2019
								restated
								6
	Income from listed
	investments interest receivable				48,022 639	6,783	54,805 639	68,416 1,284	11,394	79,810 1,284
					48,661	6,783	55,444	69,700	11,394	81,094
	Raising funds
					Unrestricted funds 2020	Restricted funds 2020	Total 2020	Unrestricted funds 2019	Restricted funds 2019	Total 2019
								restated
							6	6
	F ndraisin	an		ublici
	Other fundraising Staif costs		costs		864 29,801		864 29,801	1,664 29,074		1,664 29,074
	Fundraising	and	publicity		30,665		30,665	30,738		30,738
	Investment	mana		ement
	costs				7,304	1,010	8,314	8,106	995	9,101
					37,969	1,010	38,979	38,844	995	39,839

Charitable acdvitlss
		Membership services 2020	2020 Education	2020 Forestry	TatalMembership 2020 services 2019		2019 Education	2019 Forestry	Total 2019
					6	restated 6	restated 6	restated 6	restated 6
Staffcosts Depreciation and impairment Postage 8stationary Travel casts Computer casts Membership costs Publicity, advertising and journal Seminar and mee'Dng costs Competition and judging costs Foresay costs Premises rvrsts Membership events Education project costs	costs	124,385 3,850 10.248 1,851 1,097 6,338 63,253 13,283 7 35,059	52,756 2,062 227 2.912 1,438 96,103	1,351 12,665	177,141 3,850 10.248 5,264 1,324 0,336 63.253 16.195 1445 12.665 35,059 96,103	115,624 4,293 13,822 11,133 801 3,914 45,922 2D,617 2,733 37,113 250	47,219 152 4,099 4,D01 21,690 13,391 118,918	721 7,356	162,843 4,293 13,974 15,953 4,882 3,914 45,922 42,313 10,124 7,356 37,113 250 118,918
		259,369	155498	14.016	428,883	250,222	209,556	8,077	473,855
Share ofsupport costs (see note Share ofgovernance costs (see	gj nate 9)	24,565 9,856	2,063		27,469 9,856	21,940 13,715	6.471	2,154	30,571 13,T15
		293,790	157,561	14.857	406,208	291,883	216,02T	10,231	518,141

8	Charitable acthrftfes
											ICondnued)
	Analysis by lund
	Unrestricted funds Restrtctsd funds			293,138 652	4,865 152,696	14,857	312,860 153,348	286,871 5,212	5,181 210,846	10,231	302,083 216,058
				293,790	157,561	14,857	466,208	291,883	2'l6,027	10,231	518,141
9	Supportcosts
		Support costs 6	Governance costs 8	2020	Support costs 6	Governance costs f	2019	Seals ofagocatlon
	General ofBCC Sundry	17,835 9,634		17,835 9,634	18,423 12,148		18,423 12,148	Support SUpport
	Audit fees Accountancy Legal and professional Counal meetings 015cers expenses		4,115 4,000 434 679 628	4,115 4,000 434 679 628		4,371 2,000 3,981 3,363	4,371 2,000 3,981 3,363	Governance Governance Governance Governance Governance
		27,469		37,325	30,571	13,715	44,286
	Analysed between
	Charitable adivilies	27,469	9,856	37,325	30,571	13,715	44,288

Net movement in funds	2020	2019
Net movement in funds is stated after charging/(crediting)	6
Fees payable to the company's auditor for the audit ofthe company's financial statements Depreciation ofowned tangible fixed assets	4,115 3,994	4,371 4,293

employees du	ring the year was as follows:	y o u-tme	equivalent
		2020	20'I9
		Number	Number
Management Education staff Support staff		0.80 1.60 3.60	0.70 1.80 3.50
		6.20	6.00
Employment	costs	2020	2019
		6	6
Wages and salaries Social security costs Other pension costs		190,722 12,868 3,352	176,707 12,500 2,710
		206,942	191,917

Tangible Axed assets
		Freehold land and buildings	Computer and oflice	Library books	Total
			equipment
			6
Cost
At 1 January 2020 Additions		308,691	35,029 4,395	5,000	348,720 4,395
At 31 December 2020		308,691	39,424	5,000	353,115
Depreciation and impairment
At 1 January 2020 Depreciation charged	in the year	9,745 575	27,470 3,419		37,215 3,994
At 31 December 2020		10,320	30,889		41,209
Carrying amount
At 31 December 2020		298,371	8,535	5000	311906
At 31 December 2019		298,947	7,560	5,000	311,507

	Listed
	investments
Cost or valuation	F
At 1 January 2020 Additions Valuation changes Disposals	1,573,226 208,885 (122,995) (106,028)
At 31 December 2020	1,553,088
Carrying amount
At 31 December 2020	1,553,088
At 31 December 2019	1,573,226

16	Stocks
			2020	2019
			6	6
	Merchandise		1,105	2,108
17	Oebtors
	Amounts falling due within one year:		2020 6	2019 6
	Trade debtors VAT recoverable Other debtors Prepayments and accrued income		55,708 7,039 4,200 9,086	4,440 1,067 4,200 'i6,312
			76,033	26,019
18	Creditors: amounts	falling due within one year
			2020	2019
				F
	Other taxation and social security Trade creditors Accruals and deferred income		5,047 5,080 37,551	4,776 6,890 45,519
			47,678	57,185

				(Movement	in funds
		Balance at 1 January 2020	Incolrl lug resources	Resources expended	Transfers	Revaluations, gains and	Balance at 31December
						losses	2020
						6	f
Duke of Cornwall	Fund	26,027	8,081	(1,727)		(4,379)	28,002
Leslie Astle Fund NDG James Fund Spencer Bursary Fund Teaching Trees Fund		28,113 43,939 23,112 66,419	634 3,676 81,539	(1) (3,106) (153) (44,269)		(1,488) (2,669)	27,258 41,840 22,959 103,689
Randle Travel Fund		43,967	1,330	(806)		(3,124)	41,367
Viking Fund		73,966	2,042	(1,280)		(4,797)	69,931
Future Foresters	Fund	159,534	128,011	(101,159)			186,386
Wise About Woods Funds			1,324	(1,677)	353
		465,077	226,637	(154,178)	353	(16,457)	521,432

		Movement in funds	Movement in funds	Movement in funds
	Balance at 1January 2020	Incoming resources	Resources expended	Revaluations, gains aad	Balance at 31December
				losses	2020
			6	8
Divisions Fund Education Fund Hay Barns Fund Battram Fund Hockeridge Fund Leighton Fund	47,339 673,804 400,000 26,381 162,641 219,525	11,242 12,616 7,615 9,928 6,645	(6,254) (39,803) (9,018) (3,167) (3,596)	(7,171)	52,327 646,617 400,000 24,978 169,402 215,403
	1,529,690	48,046	(61,838)	(7,171)	1,508,727

Analysis of net assets	between funds
	Unrestricted funds	Restricted funds	Total	Unrestricted funds	Restdcted funds	Total
	2020	2020	2020	2019	2019	2019
				restated
Fund balances at 31				6
December 2020 are
represented by:
Tangible assets Investments Current assetsl	311,906 1,351,187	201,901	311,906 1,553,088	311,507 1,362,728	210,498	311,507 1,573,226
(liabilities)	(20,811)	323,684	302,873	85,470	254,579	340,049
	1,642,282	525,585	2,167,867	1,759,705	465,077	2,224,782

	2020	2019
	8
Within one year Between two and five years	18,363 10,404	18,363 29,767
	28,767	48,130

25	Cash generated from	operations				2020	2019
						6	8
	(Deficit)/surpus for the	year				(56,915)	156,960
	Adjustments for:
	Investment income recognised in statement offinancial Fair value gains and losses on investments Depreciation and impairment oftangible fixed assets			activities		(55,444) 122,995 3,850	(81,094) (131,922) 4,293
	Movements in working	capital:
	Decrease/(increase) in (Increase)/decrease in (Decrease) in creditors	stocks debtors				1,003 (50,014) (9,507)	(44) 19,726 (11,111)
	Cash absorbed by operations					(44,032)	(43,192)
26	Prior period adjustment
	Changes to the balance sheet
					At 31	December 2019
				As	previously	Adjustment	As restated
					reportedf	8
	Capital funds
	Endowment funds				408,547	(408,547)
	Income funds
	Restricted funds				465,077		465,077
	Unrestricted funds				1,351,158	408,547	1,759,705
			Total equity		2,224,782		2,224,782