2023-01-31-accounts - Orchard Vale Trust Limited

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The Trustees during the	year were:
Christopher Absolon	Peter Crump
Rosemary Parr	Joanna Sudell
Kate Steele	Martha Venner
Adrian Lumley-Smith	Tony Mullin
Hannah Allan	John Fox

			Unrestricted	Restricted	2023	2022
			funds	funds	Total	Total
		Notes	f	f	f	f
INCOME
Voluntary income		3	44,464	12,496	56,960	47,115
Charitable activities		3	2,382,538	17,500	2,400,038	2,190,389
Investment income			17,934	234	18,168	12,444
Income from trading	subsidiary			22,277	22,277	14,477
TOTAL INCOME			2,444,936	52,507	2,497,443	2,264,425
EXPENDITURE
Fundraising costs		4	7,016		7,016	1,423
Charitable activities		4	2,362,363	46,380	2,408,743	2,243,426
TOTAL EXPENDITURE			2,369,379	46,380	2,415,759	2,244,849
NET GAINS ON INVESTMENTS						60,842
NET INCOME FOR THE	YEAR		75,557	6,127	81,684	80,418
TRANSFERS BETWEEN FUNDS			(1,650)	1,650
NET MOVEMENT IN FUNDS			73,907	7,777	81,684	80,418
Funds at 1February 2022			2,401,852	41,688	2,443,540	2,363,122
FUNDS AT31JANUARY 2023			2,475,759	49,465	2,525,224	2,443,540

CONSOLIDATED	BALANCE SHEE	TAS AT	31jANUARY	2023
			Group		Charity
			2023	2022	2023	2022
		Notes	f.	E		E
FIXED ASSETS
Tangible fixed assets			1,641,523	1,577,498	1,641,523	1,577,498
Fixed asset investments			350,000	350,000	350,000	350,000
			1,991,523	1,927,498	1,991,523	1,927,498
CURRENT ASSETS
Debtors			199,851	83,699	243,635	110,138
Cash at bank and	in hand		587,133	708,219	539,849	670,977
			786,984	?91,918	783,484	781,115
CREDITORS: amounts	falling
due within one year		10	{106,471)	(102,570)	(106,241)	(100,604)
NET CURRENT ASSETS			680,513	689,348	677,243	680,511
TOTAL ASSETS LESSCURRENT LIABILITIES			2,672,036	2,616,846	2,668,766	2,608,009
CREDITORS: amounts	falling		{146,812)	(173306)	(146 812)	(173.306)
due after more than one year
NET ASSETS			2,525,224	2,443,540	2,521,954	2,434,703
FUNDS
Restricted funds			49,465	41,688	46,195	32,851
Unrestricted funds
General funds		13	702,165	720,743	702,165	720,743
Designated funds		13	1,712,752	1,620,267	1,712,752	1,620,267
Revaluation	reserve	13	60,842	60,842	60,842	60,842
TOTAL FUNDS			2,525,224	2,443,540	2,521,954	2,434,703

FOR YEAR ENDED 31JANUAR	Y	2023
				2023	2022
			Note	f	f
NET CASHFLOW PROVIDED BYOPERATING ACTIVITIES				(66,384)	37,245
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received				4,685	1,124
Receipts from rent on investment	properties			13,483	11,320
CASH FLOWS FROM FINANCING ACTIVITIES
Fixed asset additions				(39,424)
Proceeds from the sale offixed assets
Bank loan repayments				(33,446)	(32,493)
NET CASH FLOW				(121,086)	17,196
Change in cash and cash equivalents		in the year		(121,086)	17,196
Cash and cash equivalents at start	of	the year		708,219	691,023
Cash and cash equivalents at the	end	ofthe year		587,133	708,219

FO	R YEAR ENDED 31JA	NU	ARY 2023
					2023	2022
1	RECONCILIATION OF NET	INCOME TO NET CASH FLOW			f	f
	FROM OPERATING ACTIVITIES
	Net income/(expenditure)	for	the year		81,684	80,418
	interest received				(4,685)	(1,124)
	Investment property revaluation					(60,842)
	Investment property rent				(13,483)	(11,320)
	Interest paid				s,ees	4,077
	Depreciation				34,506	32,902
	Profit on disposal offixed	assets
	Decrease/(increase) in debtors				(135,745)	(8,095)
	(Decrease)/increase in creditors				(34,326)	1,229
	Net cash flow from operating		activities
					(66,384)	37,245
2	ANALYSIS OF CASH AND CASH		EQUIVALENTS
	Cash at bank and in hand				587,133	708,219
3	ANALYSIS OF CHANGES IN	NET DEBT		At 1		At 31
				Feb 2022	Cash flows	Jan 2023
	Cash at bank and in hand			708,219	(121,086)	587,133
	Debt due within one year			(27,357)	1,287	(26,070)
	Debt due after one year			(173,306)	26,494	(146,812)
				507,556	(93,305)	414,251

INCOME
		Unrestricted	Restricted	2023	2022
		funds	funds	Total	Total
		f	f	f	f
VOLUNTARY INCOME
Donations and	legacies	39,652	12,496	52,148	36,851
Fundraising		4,812		4,812	10,264
Total voluntary	income	44,464	12,496	56,960	47,115
CHARITABLE ACTIVITIES
Fees and contributions		2,381,538		2,381,538	2,124,780
Covid 19related	grants				65,609
Other income		1,000	17,500	18,500
Total charitable	activities	2,382,538	17,500	2,400,038	2,190,389
INVESTMENT INCOME
Investment income		17934	234	18168	12444
INCOME FROM	TRADING SUBSIDIARY		22,277	22,277	14,477
TOTAL INCOME		2 444 936	52 507	2497 443	2 264 425

EXPENDITURE					Unrestricted	Restricted	2023	2022
					funds	funds	Total	Total
					f	f	f	f
FUNDRAISING COSTS
Fundraising and publicity					7,016		7,016	1,423
Costs ofincome from	public bodies				314,389	12,500	326,889	279,341
Personal allowances	paid		to residents		53,264		53,264	56,262
Employed staff costs	(see		note 5)		1,841,480	21,098	1,862,578	1,759,359
Payroll costs					3,221		3221	3,626
Staff recruitment costs					16,569		16,569	17,798
Indemnity Insurance					2,605		2,605	1,873
Legal fees					6,105		6,105	3,900
Telephone and internet					11,154		11,154	10,084
Bank charges					1,934		1,934	1,791
Care Standards Commission					4,333		4,333	4,333
Interest payable					5,665		5,665	4,077
Staff training and welfare					40,908		40,908	29,518
Travel costs					1,724	5,408	7,132	3,773
Depreciation					32,617	1,890	34,507	32,902
Profit on disposal offixed			assets
Office costs, stationery		and advertising			13,438		13,438	15,964
Subscriptions					2,099	145	2,244	2,379
Sundry expenses					1,105		1,105	487
Accountancy fees					3,453	1,501	4,954	6,575
Auditors remuneration					6,300		6,300	4,500
Orchard Vale Enterprises			gardening	costs		3,838	3,838	4,884
Total costofcharitable		activities			2,362,363	46,380	2,408,743	2,243,426
TOTAL EXPENDITURE					2,369,379	46,380	2,415,759	2,244,849

Employed	2023	2022
	f
Salaries and wages	1,707,172	1,629,688
Social security costs	126,066	104,130
Pension	29,340	25,541
	1,862,578	1,759,359

					2023	2022
					No.	No.
Engaged	on	charitable	activities		66	66
Engaged	on	management		and administration	4	4
					70	70

7	TANGIBLE FIXEDASSETS
	GROUP AND CHARITY	Freehold
		land &	Equipment
		buildings	and vehicles	Total
		f	E	f
	COST
	At 1February 2022	2,442,799	210,060	2,652,859
	Additions	83,199	15,332	98,531
	Disposals
	Transfers
	At 31January 2023	2,525,998	225,392	2,751,390
	DEPRECIATION
	At 1February 2022	911,027	164,334	1,075,361
	Charge for the year	18,495	16,011	34,506
	Disposals
	At 31January 2023	929,522	180,345	1,109,867
	NET BOOK VALUE
	At 31January 2023	1,596,476	45,047	1,641,523
	At 31January 2022	1,531,772	45,726	1,577,498
8	INVESTMENT PROPERTIES
	GROUP AND CHARITY	Investment
		properties
		f
	FAIR VALUE
	At 1February 2022	350,000
	Additions in year
	Disposals in year
	Revaluation
	At 31January 2023	350,000

DEBTORS
			Group		Charity
			2023	2022	2023	2022
			f	f	f	f
Trade debtors			195,163	52,591	189,247	52,178
Other debtors					51,005	26,852
Taxation recoverable			2,863	1,470	2,863	1,470
Prepayments	and accrued income		1,825	29,638	520	29,638
			199,851	83,699	243,635	110,138
CREDITORS: amounts		falling due within one year
			Group		Charity
			2023	2022	2023	2022
			f	f	f	f
Bank loans (see note		11)	26,070	27,357	26,070	27,357
Trade creditors			60,783	23,844	60,553	23,354
Taxation and	social security		(15)	32,930	(15)	31,454
Other creditors			9,697	6,943	9,697	6,943
Accruals and	deferred	income	9,936	11,496	9,936	11,496
			106,471	102,570	106,241	100,604
CREDITORS: amounts		falling due after one year
			Group		Charity
			2023	2022	2023	2022
				f	f	f
Bank loans			146,812	173,306	146,812	173,306
Secured loans	and creditors due after more than five years:
			Group		Charity
			2023	2022	2023	2022
			f	f	f	f
Bank loans			26,829	56,238	26,829	56,238

		Funds at				Funds at
		1 February				31January
		2022	Income	Expenditure	Transfers	2023
		F	f
RESTRICTED FUNDS
Funera I fund		19,028	234			19,262
Big Lottery fund		7,559	2,496	(1,890)	(2,496)	5,669
IT Delivery fund		6,264				6,264
East Court Garden Furniture			10,000	(10,000)
Hive community services			2,500	(2,500)
Reconditioning			15,000			15,000
Orchard Vale Enterprises	CIC	8,837	22,277	(31,990)	4,146	3,270
Total restricted funds		41,688	52,507	(46,380)	1,650	49,465
DESIGNATED FUNDS
Property Capital fund		1,620,267		(24,160)	116,645	1,712,752
Revaluation reserve		60,842				60,842
Total restricted funds		1,681,109		(24,160)	116,645	1,773,594
UNRESTRICTED GENERAL
General funds		720,743	2,444,936	(2,345,219)	(118,295)	702,165
Total unrestricted funds		2,401,852	2,444,936	(2,369,379)	(1,650)	2,475,759

	Restricted	Designated	General	Total
Year ended 31January 2023	funds	funds	funds	funds
			F
Tangible fixed assets	5,669	1,596,476.	39,378	1,641,523
Fixed asset investments		350,000		350,000
Net current assets	43,796	(26,070)	662,787	680,513
Long term liabilities		(146,812)		(146,812)
Net assets	49,465	1,773,594	702,165	2,525,224
	Restricted	Designated	General	Total
Year ended 31January 2022	funds	funds	funds	funds
		f.	f
Tangible fixed assets	7,559	1,531,772	38,167	1,577,498
Fixed asset investments		350,000		350,000
Net current assets	34,129	(27,357)	682,576	689,348
Long term liabilities		(173,306)		(173,306)
Net assets	41,688	1,681,109	720,743	2,443,540

The results	for	the CICfor the period ended 31January	2023 are as follows:
			2023	2022
Turnover.			26,423	17,191
Cost ofsales			(5,141)	(3,224)
Administrative		expenses	(28,152)	(6,193)
Operating	loss		(6,870)	7,774
Corporation	tax		1,305	(1,659)
Net loss			(5,565)	6,115

Below are company:	summarised results for Orchard Vale Trus	t excluding income and expenditure from	the subsidiary
		2023	2022
Income
Donations	and Legacies	75,460	47,115
Charitable	activities	2,381,538	2,124,780
Investment	income	18,168	12,444
Covid 19Grants			65,609
		2,475,166	2,249,948
Expenditure
Charitable	activities	(2,387,915)	(2,236,486)
Net gain on investment			60,842
Surplus for	the year	87,251	74,304

20 PRIOR YEAR STATEMENT OF FINANCIAL	20 PRIOR YEAR STATEMENT OF FINANCIAL	ACTIVITIES
			Unrestricted	Restricted	2022
			funds	funds	Total
		Notes	f	f	f
INCOME
Voluntary income			29,883	17,232	47,115
Charitable activities			2,190,389		2,190,389
Investment income			12,382	62	12,444
Income from trading	subsidiary			14,477	14,477
TOTAL INCOME			2,232,654	31,771	2,264,425
EXPENDITURE
Fundraising costs			1,423		1,423
Charitable activities			2,213,922	29,504	2,243,426
TOTAL EXPENDITURE			2,215,345	29,504	2,244,849
NET GAINS ON INVESTMENTS			60,842		60,842
NET INCOME FOR THE YEAR			78,151	2,267	80,418
TRANSFERS BETWEEN FUNDS			(2,014)	2,014
NET MOVEMENT IN FUNDS			76,137	4,281	80,418
TOTAL FUNDS AT 1 FEBRUARY 2021			2,325,715	37,407	2,363,122
TOTAL FUNDS AT31JANUARY 2022			2,401,852	41,688	2,443,540

			Funds at				Funds at
			1 February				31 January
			2021	Income	Expenditure	Transfers	2022
			f			f
RESTRICTED FUNDS
Funeral fund			18,341	62		625	19,028
Bit Lottery fund			10,079	17,232	(19,752)		7,559
IT Delivery fund			6,264				6,264
Orchard Vale Enterprises		CIC	2,723	14,477	(9,752)	1,389	8,837
Total restricted	funds		37,407	31,771	(29,504)	2,014	41,688
DESIGNATED FUNDS
Property Capital	fund		1,609,515		(21,751)	32,503	1,620,267
Revaluation reserve				60,842			60,842
Total restricted	funds		1,609,515	60,842	(21,751)	32,503	1,681,109
UNRESTRICTED	GENERAL
General funds			716,200	2,232,654	(2,193,594)	(34,517)	720,743
Total unrestricted funds			2,325,715	2,293,496	(2,215,345)	(2,014)	2,401,852