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2023-03-31-accounts

Monkton Wyld School Limited

Registered charity No 306217

Company No : 361419

Trustees Annual Report

For period ended 31[st] March 2023

Administrative Information .

Status

Charity registered with the Charities commission 1st July 1967

Principle Adress

Monkton Wyld Court Elsdons Lane, Monkton Wyld, Charmouth, DT6 6DQ

The Board of Trustees

Trustees for the purpose of charity law and throughout this report are collectively referred to as The Trustees.

The Trusteees are:

Richard L Johnstone, Juliet A L Johnstone, Laura Guest, Steven Slavin, Janice Freebourne,

Auditors : Oak accounting Ltd. 27 Bascott Rd, Wallisdown, Bournemouth, Dorset BH11 8RJ

Bank : Unity Trust Bank, 8 Brindley Place, Birmingham, B1 2HB

Structure Governance and Management

Memorandum of articles of Association Dated 24[th] May 1940. Amended by special resolution 23[rd] July 1964, 12[th] March 2006 and 11[th] October 2023.

The Board of Trustees oversee the strategic financial and Legal affairs of the Trust.

Th Trustees are responsible for all policies, procedures, planning, scrutinizing, and reporting involving the financial resources and personnel for approval.

Delegated Responsibilities.

The Board of Trustees delegates day-to-day operational management of the school to the Workers Co-operative who are responsible for implementing the policies and strategies of the organisation and within budgets approved by the trust.

Risk Management.

The Board of Trustees has overall responsibility for ensuring major strategic compliance and Business risks facing the organisation are identified and controls are put in place. The Trust has a range of policies and procedures to ensure the health and safety of staff volunteers, participants, and visitors. These are reviewed quarterly to ensure they remain fit for purpose.

Objectives

We aim to be welcoming and responsive .

Monkton Wyld School achieves this by:

The workers Co-operative at Monkton Wyld Schol are a skilled and qualified enabling all visitors to gain new skills and develop their own opportunities. Staff and volunteers are active members of the local community.

Activities

Our main activities are:

Land based skills programme.

Providing educational resources for locals, groups volunteers and guests.

Hosting groups who want to run their own workshops events and courses.

Early Years learning toddler group land-based activities such as planting sowing and story telling

Scout and Cub workshops.

Provide accommodation in the house for tourists so raising money for the maintenance of the building.

Maintaining the house and ensuring it is safe, attractive and complies with regulations.

Maintaining the grounds to keep them safe and attractive for the benefit of our guests, volunteers, and locals.

Volunteers

Volunteers work in our garden’s kitchen, grounds, house, office in return for food and accommodation and a taste of communal living. There is a full training programme for those staying for more than a week. All volunteers go away with a positive experience, boosting to their wellbeing and self-confidence. Volunteers also have the opportunity go on to being short term or long term members of the community if it is of benefit to the charity and they are willing. This is at the discretion of the trustees and existing members of the community.

Public Benefit Statement

Volunteers, guests, groups and locals all benefit from a visit to Monkton Wyld Court They can experience the wonderful benefits of low impact rural living with nature. And appreciate the atmosphere of the historic buildings and garden.

Groups benefit from the facilities that Monkton Wyld Court have to offer such as the Pine Hall Old library. Piano room Farm and grounds.

With Due regard for the requirements under the Charities act its activities meet it’s obligations with regard to the public benefit

Trustees Statement

The trustees who are in post at the date of approval of this report confirm that as far as they are aware there is no relevant information of which the School’s Auditors are unaware and that each trustee has taken steps to make themselves aware of any relevant information that the school’s auditors should be made aware of.

Signed on behalf of the Board of Trustees

………………………………………………..

Richard L Johnstone

Date: 8[th] November 2023

……………………………………………

Company registration number: 00361419 Charity registration number: 306217

Monkton Wyld School Ltd

(A company limited by share capital)

Annual Report and Financial Statements

for the Year Ended 31 March 2023

Oak Accounting Ltd Independent Examiner 27 Bascott Road Wallisdown Bournemouth

Monkton Wyld School Ltd

Dorset
BH11 8RJ
Contents
Reference and Administrative Details 1
Independent Examiner's Report 2
Statement of Financial Activities 3
Balance Sheet 4
Notes to the Financial Statements 5 to 12

Monkton Wyld School Ltd

Reference and Administrative Details

Charity Registration Number 306217 Company Registration Number 00361419 The charity is incorporated in England. Registered Office Monkton Wyld Court Monkton Wyld Dorchester Dorset DT6 6DQ Independent Examiner Oak Accounting Ltd Independent Examiner 27 Bascott Road Wallisdown Bournemouth Dorset BH11 8RJ

Independent Examiner's Report to the trustees of Monkton Wyld School Ltd ("the Company")

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of Monkton Wyld School Ltd are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of Monkton Wyld School Ltd as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

Page 1

Monkton Wyld School Ltd

  1. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or

  2. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

...................................... Sue Wintle Independent Examiner Association of Accounting Technicians

27 Bascott Road Wallisdown Bournemouth Dorset BH11 8RJ

1 November 2023

Statement of Financial Activities

(Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Income and Endowments from:
Note
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investment income
6
Other income
7
Total Income
Expenditure on:
Raising funds
Charitable activities
8		 Unrestricted
£
18,721
167,704
3,522
66
1,800
(150)
(150,812)
191,813		 Total
2023
£
18,721
167,704
3,522
66
1,800
(150)
(150,812)
191,813		 Total
2022
£
24,214
115,742
3,232
52
1,800
-
(172,541)
145,040

Page 2

Monkton Wyld School Ltd

for the Year Ended 31 March 2023 for the Year Ended 31 March 2023
Total Expenditure
(150,962) (150,962) (172,541)
Net income/(expenditure) 40,851 40,851 (27,501)
Net movement in funds 40,851 40,851 (27,501)
Reconciliation of funds
Total funds brought forward 16,176 16,176 43,678
Total funds carried forward 18 57,027 57,027 16,177
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2022 is shown in note 18.

The notes on pages 5 to 12 form an integral part of these financial statements.

(Registration number: 00361419) Balance Sheet as at 31 March 2023

Fixed assets
Note
Tangible assets
Current assets
11
Stocks
12
Debtors
13
Cash at bank and in hand
14
Creditors: Amounts falling due within one year
15
Net current assets		 2023
£
17,908
300
19,166
62,974
82,440
(7,347)
75,093		 2022
£
20,063
931
14,730
28,745
44,406
(6,885)
37,521

Page 3

Monkton Wyld School Ltd

Total assets less current liabilities
Creditors: Amounts falling due after more than one year
16
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted funds
Total funds
18		 93,001
(35,974)
57,027
57,027
57,027		 57,584
(41,407)
16,177
16,177
16,177

For the financial year ending 31 March 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements on pages 3 to 12 were approved by the trustees, and authorised for issue on 1 November 2023 and signed on their behalf by:

. .

Richard Lovelace Johnstone Trustee 16 November 2023

The notes on pages 5 to 12 form an integral part of these financial statements.

Page 4

Monkton Wyld School Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

1 Charity status

The charity is limited by share capital, incorporated in England.

The address of its registered office is: Monkton Wyld Court Monkton Wyld Dorchester Dorset DT6 6DQ

These financial statements were authorised for issue by the trustees on 1 November 2023.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019)

Basis of preparation

Monkton Wyld School Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the group's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the group.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Page 5

Monkton Wyld School Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants receivable

Grants are recognised when the group has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Investment income

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is

Page 6

Monkton Wyld School Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £100.00 or more are initially recorded at cost.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Freehold buildings 2% straight line
Furniture, fittings and equipment 10% straight line

Stock

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction

Page 7

Monkton Wyld School Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the group.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

3 Income from donations and legacies

Donations and legacies;
Donations from individuals
Grants, including capital grants;
Government grants
Total for 2023
Total for 2022		 Unrestricted funds
Designated
£
General
£
308
14,413
-
4,000
308
18,413
-
24,214		 Total
funds
£
14,721
4,000
18,721
24,214

4 Income from charitable activities

Income from charitable activities
Unrestricted
funds Total
General funds
£ £
Education and sustainable living 167,704 167,704

Page 8

Monkton Wyld School Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

Total for 2023
Total for 2022
5 Income from other trading activities
Trading income;
Sales of goods and services
Total for 2023
Total for 2022		 Unrestricted
funds
General
£
3,522
167,704
115,742
3,522
3,232		 Total
funds
£
3,522
167,704
115,742
3,522
3,232

6 Investment income

Interest receivable and similar income; Interest receivable on bank deposits

Unrestricted
funds Total
funds
£
66
66
52		 Designated
£
66
66
52

Total for 2023 Total for 2022

7 Other income

Unrestricted
funds Total
General funds
£ £

Page 9

Monkton Wyld School Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

Rental income Total for 2023 Total for 2022

1,800
1,800
1,800		 1,800
1,800
1,800

8 Expenditure on charitable activities

Unrestricted

Note
Education and sustainable living
Depreciation, amortisation and other similar costs		 funds
General
£
148,657
2,155
150,812
172,541		 Total
funds
£
148,657
2,155
150,812
172,541

Total for 2023

Total for 2022

9 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

10 Taxation

The charity is a registered charity and is therefore exempt from taxation.

Page 10

Monkton Wyld School Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

11 Tangible fixed assets
13 Debtors
Trade debtors
Other debtors
14 Cash and cash equivalents
Cash at bank
15 Creditors: amounts falling due within one year
Bank loans
Cost
At 1 April 2022
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
12 Stock
Stocks		 Land and
buildings
£
50,942





2023
3,125
16,041
2023
£
62,974
2023
£
5,713
Furniture and
equipment
£
107,148
106,012
1,136
-
2023
£
300
107,148
107,148
1,136
19,166		 2023
3,125
16,041
2023
£
62,974
2023
£
5,713
Furniture and
equipment
£
107,148
106,012
1,136
-
2023
£
300
107,148
107,148
1,136
19,166		 2022 £
£
3,125
11,605
2022
£
28,745
2022
£
5,722
Total
£
158,090
138,027
2,155
17,908
2022
£
931
158,090
140,182
20,063
14,730
50,942 107,148
32,015
1,019
 106,012
1,136
33,034 107,148
17,908
 -
18,927 1,136
2023
3,125
16,041
2023
£
62,974
2023
£
5,713
2023
£
300

19,166

Page 11

Monkton Wyld School Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

Other creditors
Accruals
16 Creditors: amounts falling due after one year
Bank loans		 1,314
863
320
300
~~7~~,347
6,885
2023
2022 £
£
35,974
41,407

17 Share capital

18 Funds
Unrestricted funds
General
Designated
Total funds
Unrestricted funds
General
Designated
Total unrestricted funds
Restricted funds
Total funds
16,176		 Balance at 1
April 2022
£
(8,367)
24,543
Balance at 1
April 2021
£
12,712
25,510
38,222
5,456
191,813
43,678		 Incoming
resources
£
191,439
374
Incoming
resources
£
144,988
52
145,040
-
(150,962)
145,040		 Resources
expended
£
(150,962)
-
Resources
expended
£
(172,541)
-
(172,541)
-
-
(172,541)		 Transfers
£
Balance at
31 March
2023
£
1,019
33,129
(1,019)
23,898
~~B~~alance at
Transfers
£
31 March
2022
£
6,475
(8,366)
(1,019)
24,543
5,456
16,177
(5,456)
-
57,027
-
16,177

Page 12

Monkton Wyld School Ltd

for the Year Ended 31 March 2023

Statement of Financial Activities by fund Unrestricted Funds

Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investment income
Other income
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income/(expenditure)
Transfers between funds		 Total
Unrestricted
Funds
2023
£
18,721
167,704
3,522
66
1,800
191,813
(150)
(150,812)
(150,962)
40,851
-		 Total
Unrestricted
Funds
2022
£
24,214
115,742
3,232
52
1,800
145,040
-
(172,541)
(172,541)
(27,501)
5,456

This page does not form part of the statutory financial statements. Page 13

Monkton Wyld School Ltd

for the Year Ended 31 March 2023
Net movement in funds 40,851 (22,045)
Reconciliation of funds
Total funds brought forward 16,176 38,222
Total funds carried forward 57,027 16,177
Statement of Financial Activities by fund
Restricted Funds
Total
Total Restricted
Restricted Funds
Funds
2023 2022 £ £
Income and Endowments from:
Expenditure on:
Net income/(expenditure) - -
Transfers between funds - (5,456)
Reconciliation of funds
Total funds brought forward - 5,456
Total funds carried forward - -

This page does not form part of the statutory financial statements. Page 14

Monkton Wyld School Ltd

Detailed Statement of Financial Activities for the Year Ended 31 March 2023

Income and Endowments from:
Donations and legacies (analysed below)
Charitable activities (analysed below)
Other trading activities (analysed below)
Investment income (analysed below)
Other income (analysed below)
Total income
Expenditure on:
Raising funds (analysed below)
Charitable activities (analysed below)		 Total
2023
£
18,721
167,704
3,522
66
1,800
(150)
(150,812)
191,813		 Total
2022
£
24,214
115,742
3,232
52
1,800
-
(172,541)
145,040

This page does not form part of the statutory financial statements. Page 15

Monkton Wyld School Ltd

for the Year Ended 31 March 2023

Total expenditure
Net income/(expenditure)
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 40,851
16,176
57,027
(150,962)
40,851		 (27,501)
43,678
16,177
(172,541)
(27,501)

This page does not form part of the statutory financial statements. Page 16

Monkton Wyld School Ltd

Detailed Statement of Financial Activities for the Year Ended 31 March 2023

Donations and legacies
Appeals and donations
Appeals and donations
UK Government grants
Charitable activities
Fees and supplies
Other trading activities
Sales of purchased goods
Investment income
Interest on cash deposits
Other income
Rental income
Raising funds
Fundraising costs
Charitable activities
Purchases
Direct costs
Wages and salaries
Rates
Light, heat and power
Repairs and maintenance
Accountancy fees
Subcontract cost
Telephone and fax
Computer software and maintenance costs
Printing, postage and stationery
Trade subscriptions
Sundry expenses		 Total
2023
£
308
14,413
4,000
167,704
(150)
(631)
(37,729)
(32,287)
(21,791)
(24,426)
(12,549)
(308)
(4,609)
(1,115)
(490)
(1,618)
(766)
559
18,721
167,704
3,522
3,522
66
66
1,800
1,800
(150)		 Total
2022
£
-
11,464
12,750
115,742
-
-
(83,711)
(18,514)
(20,595)
(21,198)
(12,837)
(200)
(1,885)
(1,651)
(540)
(1,101)
(383)
(120)
24,214
115,742
3,232
3,232
52
52
1,800
1,800
-

This page does not form part of the statutory financial statements. Page 17

Monkton Wyld School Ltd

Detailed Statement of Financial Activities for the Year Ended 31 March 2023

Motor expenses
Advertising
Bank interest payable
Depreciation of plant and machinery		 Total
2023
£
(3,063)
(3,912)
(3,922)
(2,155)
(150,812)		 Total
2022
£
(1,077)
(2,738)
(2,910)
(3,081)
(172,541)

This page does not form part of the statutory financial statements. Page 18

Confirmation Statement Company Name: MONKTON WYLD SCHOOL LIMITED Company Number: 00361419 07/02/2024

I confirm that all information required to be delivered by the company to the registrar in relation to the confirmation period concerned either has been delivered or is being delivered at the same time

Richard Johnstone

Trustee / Director for Monkton Wyld School Ltd