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2021-12-31-accounts

Trustees Sir James Scott (President) Sir James Scott (President) Sir James Scott (President) Sir James Scott (President)
BHerbert (Vice President)
K Hall (Chair of the Board)
R Morgan-Giles (Treasurer)
D Gwillam
J Hamilton Stubber
AJackson
AWoods
I Tubby (Appointed 5 October
2021)
C Lundberg (Appointed 5 October
2021)
Secretary C Williams
Charity number 306093
Company number 05306975
Registered office The Hay Barns
Home Farm Drive
Upton
Banbury
Oxfordshire
OX15 6HU
Auditor Ellacotts Audit Services Limited
Countrywide House
23West Bar
Banbury
Oxfordshire
England
OX169SA
Bankers CAF Bank Itd
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 1-7
Statement
oftrustees
responsibilities
Independent
auditor's
report 9 - 11
Statement offinancial activities 12
Balance sheet 13
Statement ofcash flows 14
Notes to the financial statements 15-30

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
Notes 2021
f
2021f 2021 2020f 2020
f
2020
Income from:
Donations
and
legacies 72,969 159,037 232,006 61,992 208,920 270,912
Income fro
charitable
activities
Seminars,
meetings
and events 14,671 14,671 7,868 7,868
Subscriptions from
members 235,834 235,834 226,722 226,722
Forestry 14,353 14,353
Other income 6,688 19,917 26,605 6,722 3,599 10,321
Investment
Income
57,406 8,440 65,846 48,661 6,783 55,444
Total income 387,250 202,065 589,315 344,097 227,170 571,267
~ECht
Raising funds 7 57,610 724 58,334 37,969 1,010 38,979
Charitable
activities
8 335,345 200,570 535,915 312,860 153,348 466,208
Total resources
expended 392,955 201,294 594,249 350,829 154,358 505,187
Net gains/(losses) on
investments 12 130,984 20,232 151,216 (106,538) (16,457) (122,995)
Net movement in funds 125,279 21,003 146,282 (113,270) 56,355 (56,915)
Fund balances at 1
January 2021 1,646,435 521,432 2,167,867 1,759,705 465,077 2,224,782
Fund balances at 31
December 2021 1,771,714 542,435 2,314,149 1,646,435 521,432 2,167,867

2021 2020
Notes
Fixed assets
Tangible assets 14 309,206 311,906
Investments 15 1,731,662 1,553,088
2,040,868 1,864,994
Current assets
Stocks 16 2,209 1,105
Debtors 17 40,616 76,033
Cash at bank and in hand 294,416 273,413
337,241 350,551
Creditors: amounts falling due within
one year 18 (63,960) (47,678)
Net current assets 273,281 302,873
Total assets less current liabilities 2,314,149 2,167,867
Income funds
Restricted funds 19 542,435 521,432
Unrestricted funds
Designated funds 20 1,522,832 1,508,727
General
unrestdicted
funds 248,882 137,708
1,771,714 1,646,435
2,314,149 2,167,867
The financial statements were approved by the Trustees on .....!........'......"...

2021 2020
Notes 6 f
Cash flows from operating activities
Cash absorbed
by operations
25 (16,820) (44,032)
Investing
activities
Purchase oftangible
fixed assets
(665) (4,395)
Purchase of investments (403,219) (208,885)
Proceeds on disposai of investments 375,861 106,174
Investment
income received
65,846 55,444
Net cash generated
from/(used
in)
investing
activities
37,823 (51,662)
Net cash used in financing activities
Net increasef(decrease)
in
cash and cash
equivalents 21,003 (95,694)
Cash and cash equivalents at beginning ofyear 273,413 369,107
Cash and cash equivalents at end of year 294,416 273,413

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Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2021f 2021f 2021 2020f 2020f 2020
6
Other income 6,688 19,917 26,605 6,722 3,599 10,321
Investment Income
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2021 2021 2021
6
2020
f
2020
F
2020
Income from listed
investments 57,306 8,440 65,746 46,022 6,783 54,805
Interest receivable 100 100 639 639
57,406 8,440 65,846 48,661 6,783 55,444
Raising funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2021
6
2021
f
2021
f
2020
6
2020
6
2020
Fundraisin and ublicit
Other fundraising costs 1,105 1,105 864 864
Staff costs 50,132 50,132 29,801 29,801
Fundraising and publicity 51,237 51,237 30,665 30,665
Investment mana ament
costs 6,373 724 7,097 7,304 1,010 8,314
57,610 724 58,334 37,969 1,010 38,979
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2021 2020
Number Number
Management 1.00 0.80
Education
staff
1.40 1.80
Support staff 4.00 3.60
6.40 6.20
Employment costs 2021 2020
6
Wages and salaries 215,739 190,722
Social security costs 11,413 12,868
Other pension costs 3,052 3,352
230,204 206,942
There were no employees whose annual remuneration was F60,000or more.
The total employee
remuneration
F53,133(2020 - F45,159).In 2021,
and
benefits
of the
the key management
key management
role became full
personnel
time.
of the Charity were
Net gains/(losses) on investments
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2021
f
2021
E
2021
6
2020
F
2020
F
2020
f
Revaluation of
investments 130,984 20,232 151,216 (106,538) (16,457) (122,995)

Tangible fix ed assets
Freehold
land
Computer
and
Library books Total
and buildings office
equipment
8
Cost
At 1 January 2021 308,691 39,424 5,000 353,115
Additions 665 665
At 31 December 2021 308,691 40,089 5,000 353,780
Depreciation and impairment
At 1 January 2021 10,320 30,889 41,209
Depreciation charged in the year 573 2,792 3,365
At 31 December 2021 10,893 33,681 44,574
Carrying
amount
At 31 December 2021 297,798 6,408 5,000 309,206
At 31 December 2020 298,371 8,535 5,000 311,906
Listed
investments
6
Cost or valuation
At 1 January 2021 1,553,088
Acquisitions 403,219
Valuation
changes
151,216
Disposals (375,861)
At 31 December 2021 1,731,662
Carrying
amount
At 31 December 2021 1,731,662
At 31 December 2020 1,553,088

16 Stocks
2021 2020
6 6
Merchandise 2,209 1,105
17 Debtors: amounts falling due within one
year
2021
8
2020f
Trade debtors 25,178 55,708
VAT recoverable 7,039
Other debtors 4,200 4,200
Prepayments and accrued income 11,238 9,086
40,616 76,033
18 Creditors: amounts falling due within one year
2021 2020
F f
Other taxation and social security 4,501 5,047
Trade creditors 7,284 5,080
Other creditors 1,799
Accruals and deferred income 50,376 37,551
63,960 47,678
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21 Analysis
of net assets
Analysis
of net assets
between funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2021 2021 2021 2020 2020 2020
restated
Z f
Fund balances at 31
December 2021 are
represented by:
Tangible assets 309,206 309,206 311,906 311,906
Investments 1,518,922 212,740 1,731,662 1,351,187 201 901 1 553088
Current assets/
(liabilities) (56,414) 329,695 273,281 (20,811) 323,684 302,873
1,771,714 542,435 2,314,149 1,642,282 525,585 2,167,867

2021 2020
8
Within one year 9,149 18,363
Between two and five years 12,435 10,404
In over five years 1,527
23,111 28,767

25 Cash generated
from
Cash generated
from
operations operations 2021 2020
6
Surplus/(deficit)
for
the year 146,282 (56,915)
Adjustments
for:
Investment
income
recognised in statement offinancial activities (65,846) (55,444)
Fair value gains and losses on investments (151,216) 122,995
Depreciation
and impairment
oftangible
fixed assets 3,365 3,850
Movements
in working
capital:
(Increase)/decrease in stocks (1,104) 1,003
Decrease/(increase) in debtors 35,417 (50,014)
Increase/(decrease) in creditors 16,282 (9,507)
Cash absorbed
by
operations (16,820) (44,032)