## ## |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|operations|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|