| Risk management | Risk management | (continued) | (continued) | (continued) | |||||
|---|---|---|---|---|---|---|---|---|---|
| Operational | Safeguarding | - failure | to comply with | Director | Safeguarding policies |
||||
| Government | guidance | for charities B | / Staff | adopted 2020 and reviewed |
|||||
| Trustees. | annually. Ensure all staff |
||||||||
| and Trustees are aware of | |||||||||
| policies and receive | |||||||||
| appropriate training. Raise |
|||||||||
| staff awareness so that any |
|||||||||
| concerns are highlighted | as | ||||||||
| soon as they arise. | |||||||||
| Operational | Grass | fires - | risk increases as climate | Director | Awareness raising with |
||||
| changes and | heat waves occur more | / Staff | visitors (e.g. no BBQs, | ||||||
| often | dropped cigarettes); Fire |
||||||||
| Service have emergency | |||||||||
| site access; staiT fire | |||||||||
| training takes place; pumps |
|||||||||
| and hoses can reach some | |||||||||
| areas. Water carried by |
|||||||||
| Trust vehicles. Firewatch | by | ||||||||
| staff and volunteers when |
|||||||||
| required. | |||||||||
| Financial | Rising | costs | (e.g. fuel, | energy, cost of | Director | Regular reviews ofTrust | |||
| living) | impact on Trust's operating costs |
suppliers and prices paid |
to | ||||||
| and/or | visitor spend | habits | ensure best value | ||||||
| achieved; regular |
|||||||||
| monitoring of income (car |
|||||||||
| parking, cafe) to |
|||||||||
| understand visitor trends. |
|||||||||
| Consider alternative cost |
|||||||||
| savings measures that | |||||||||
| could be implemented if |
|||||||||
| core costs rise. Ensure park | |||||||||
| remains an attractive |
|||||||||
| prospect to visitors- | |||||||||
| reasonable parking |
|||||||||
| charges, events 8.activities | |||||||||
| on ofTer, suitable cafe | |||||||||
| menu. |
| Unrestricted | Restricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | 2023 | 2022 | |||||
| Notes | E | E | 6 | |||||
| Income from: | ||||||||
| Donations and legacies |
141,652 | 25,000 | 166,652 | 142,479 | ||||
| Charitable activities |
1,587,878 | 81,346 | 1,669,224 | 1,564,463 | ||||
| Investment income |
137,272 | 137,272 | 106,452 | |||||
| Other income | 31,200 | 31,200 | 25,900 | |||||
| Total | 1,898,002 | 106,346 | 2,004,348 | 1,839,294 | ||||
| Expenditure on: |
||||||||
| Charitable activities: |
||||||||
| Visitor Services | 977,650 | 53,462 | 1,031,112 | 988,240 | ||||
| Estate Maintenance | and | Management | 594,110 | 46,759 | 640,869 | 612,643 | ||
| Total | 8 | 1,571,760 | 100,221 | 1,671,981 | 1,600,883 | |||
| Net gains on investment | properties | 14 | ||||||
| Net income/(expenditure) | 326,242 | 6,125 | 332,367 | 238I411 | ||||
| Other recognised | (losses)/gains | |||||||
| Actuarial gains on defined |
benefit | |||||||
| pension scheme |
18 | 661,000 | 661,000 | 285,000 | ||||
| Net movement in |
funds | 987,242 | 6,125 | 993,367 | 523,411 | |||
| Reconciliation of | funds | |||||||
| Total funds brought | forward | 1,226,165 | 222,880 | 1,449,045 | 925,634 | |||
| Total funds carried forward | 2,213,407 | 229,005 | 2,442,412 | 1,449,045 |
| BALANCE SHEET AS | AT31MARCH | 2023 | ||
|---|---|---|---|---|
| Notes | 31March | 31March | ||
| 2023 | 2022 | |||
| E | E | |||
| Fixed assets | ||||
| Tangible assets | 13 | 217,457 | 188,160 | |
| Heritage assets | 13 | 517,583 | 454,916 | |
| Investment properties |
14 | 275,000 | 275,000 | |
| Total fixed assets | 1,010,040 | 918,076 | ||
| Current assets | ||||
| Stocks | 15 | 86,546 | 58,690 | |
| Debtors | 16 | 32,401 | 27,724 | |
| Cash at bank and | in hand | 1,413,105 | 1,139,115 | |
| Total current assets | 1,532,052 | 1,225,529 | ||
| Current liabilities |
||||
| Creditors: Amounts | falling | |||
| due within one year | 17 | (172,680) | (112,560) | |
| Net current assets | 1,359,372 | 1,112,969 | ||
| Total assets less | current liabilities excluding | |||
| pension liability |
2,369,412 | 2,031,045 | ||
| Defined benefit pension | ||||
| Scheme asset/(liability) | 18 | 73,000 | (582,000) | |
| Total net assets | 2,442,412 | 1,449,045 | ||
| The funds ofthe | charity | |||
| Restricted funds |
19 | 229,005 | 222,880 | |
| Unrestricted funds |
||||
| - Designated funds |
1,205,024 | 872,294 | ||
| - General funds | 935,383 | 935,871 | ||
| - Pension reserve | 73,000 | (582,000) | ||
| Total unrestricted | funds | 19 | 2,213,407 | 1,226,165 |
| Total charity funds | 2,442,412 | 1,449,045 |
| THE BRA | DGA | TE PARK AND | SWITHLA | ND W | OOD CH | ARITY | |
|---|---|---|---|---|---|---|---|
| STATEMENT | OF CASH | FLOWS | |||||
| FOR | THE YEAR ENDED 31 MARCH | 2023 | |||||
| 2023 | 2022 | ||||||
| Note | E | E | |||||
| Cash flows from operating | activities: | ||||||
| Net cashprovided/f~)in operating actfvibes |
22 | 269,870 | 191,260 | ||||
| Cash flows from investing | |||||||
| activities: | |||||||
| Investment income |
137,272 | 106,452 | |||||
| Proceeds from the sale oftangible | |||||||
| assets | 36,999 | 30,900 | |||||
| Proceeeds from the sale of investment | |||||||
| properties | 230,000 | ||||||
| Purchase oftangible and heritage |
assets | (170,151) | (137,230) | ||||
| Net cash provided by investing actnntfes |
4,120 | 230,122 | |||||
| Change in Cash and cash in the reporting period |
equivalents | 273,990 | 421,382 | ||||
| Cash and cash equivalents | at | the | |||||
| beginning ofthe reporting |
period | 1,139,115 | 717,733 | ||||
| Cash and cash equivalents at end ofthe reporting period |
the | 1,413,105 | 1,139,115 |
| Unrestricted | funds | |||||||
|---|---|---|---|---|---|---|---|---|
| 7. | Other income | 2023 | 2022 | |||||
| E | E | |||||||
| Sale offixed | assets | 31,200 | 25,900 | |||||
| 8. | Expenditure | Analysis | ||||||
| Charitable | Activities | |||||||
| Estate | ||||||||
| Visitor | Maintenance and |
Total | Total | |||||
| Services | Management | 2023 | 2022 | |||||
| E | E | E | ||||||
| Staff costs | (see note 10) | 561,414 | 302,300 | 863,714 | 813,938 | |||
| Other direct | costs | 278,563 | 237,295 | 515,858 | 495,654 | |||
| Support costs (see note 9) | 191,135 | 101,274 | 292,409 | 291,291 | ||||
| 1,031,112 | 640,869 | 1,671,981 | 1,600,883 | |||||
| 9. | Analysis of | support costs | ||||||
| Estate | ||||||||
| Visitor | Maintenance and |
Total | Total | |||||
| Services E |
Management | 2023 E |
2022I | |||||
| Electricity, water, and rates | 58,483 | 14,621 | 73,104 | 76,740 | ||||
| insurance, | administration | and | ||||||
| overheads | 80,927 | 43,576 | 124,503 | 126,027 | ||||
| Depreciation | 36,194 | 36,194 | 72,388 | 65,280 | ||||
| Pension finance cost | 10,400 | 5,600 | 16,000 | 17,000 | ||||
| Governance | costs | 5,131 | 1,283 | 6,414 | 6,244 | |||
| 191,135 | 101,274 | 292,409 | 291,291 |
| Total sta | ff costs | are analysed |
as follows: | ||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| E | |||||
| Salaries | cost | 731,933 | 686,343 | ||
| Social security costs | 53,631 | 50,799 | |||
| Pensions | defined | contributions | schemes | 35,313 | 22,677 |
| Pensions | defined | benefit schemes | 41,000 | 49,000 | |
| Training | costs | 1,837 | 5,119 | ||
| 863,714 | 813,938 |
| The average follows: |
number of | persons | employed, incl |
uding part time and sea |
sonal/casual staf |
f, was as |
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| No | No | |||||
| Management | and admin | 8 | 7 | |||
| Rangers | 11 | 12 | ||||
| Car parks Tea rooms |
12 16 |
15 9 |
||||
| Visitors' centre | 5 | 3 | ||||
| 52 | 46 | |||||
| The full-time | equivalent | numbers | of employees | are as follows: | 2023 | 2022 |
| No | No | |||||
| Management | and admin | 8 | 7 | |||
| Rangers | 12 | 12 | ||||
| Car parks | 6 | 6 | ||||
| Tea rooms | 5 | 5 | ||||
| Visitors' centre | 3 | 3 | ||||
| 34 | 33 |
| The number of employees who received total employee b costs of more than 660,000 is as follows: |
enefits (excluding employer |
pension |
|---|---|---|
| 2023 | 2022 | |
| No | No | |
| 660,001 - f70,000 | 1 |
| Net income/(expenditure) | |||
|---|---|---|---|
| This is arrived after charging/(crediting):- | 2023 | 2022 | |
| F. | E | ||
| Depreciation ofowned fixed tangible and heritage assets |
72,388 | 65,280 | |
| Profit on disposal offixed tangible assets | (31,200) | (25,900) | |
| Operating rentals receivables |
(74,450) | (67,100) | |
| Operating rentals payable |
2,073 | 2,073 | |
| Net interest on defined benefit pension |
liability | 16,000 | 17,000 |
| Non-audit fees borne by the charity |
1,575 | 1,500 |
| nl | w Ln |
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|||||||||||||||
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| 15. | Stocks | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| E | E | |||||
| Deer herd | 69,298 | 44,605 | ||||
| Stock for resale | 17,248 | 14,085 | ||||
| 86,546 | 58,690 | |||||
| 16. | Debtors | |||||
| 2023 | 2022 | |||||
| Trade debtors | 30,262 | 11,748 | ||||
| Other debtors | 2,139 | 15,976 | ||||
| 32,401 | 27,724 | |||||
| Trade debtors are | stated after a bad debt provision of Enil (2022: Enil). | |||||
| 17. | Creditors: Amounts |
falling due within one year | ||||
| 2023 | 2022 | |||||
| Trade creditors | 56,274 | 45,122 | ||||
| Taxes and social security | 50,396 | 31,778 | ||||
| Accruals and deferred | income | 66,010 | 35,660 | |||
| 172,680 | 112,560 | |||||
| 2023 | 2022 | |||||
| Deferred income | ||||||
| Deferred income at |
1 | April 2022 | 5,842 | 553 | ||
| Resources deferred | in | the year | 19,752 | 5,842 | ||
| Amounts released |
from previous years | (5,842) | (553) | |||
| Deferred income at |
31March 2023 | 19,752 | 5,842 |
| 2023 | 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ii%%d | ||||||||||
| Discount | rate | 4.75 | 2.7 | |||||||
| Future expected rate | of | increase | of pensions | 2.95 | 3.2 | |||||
| Future expected rate | of | increase | in salaries | 3.45 | 3.7 | |||||
| Nortailty assume'ons | ||||||||||
| The average life expectancy for a pensioner |
retiring | at 65 on | the reporting | date is: | ||||||
| 2023 | 2022 | |||||||||
| Years | Years | |||||||||
| Retiring | today | |||||||||
| - Males | 21.3 | 21.5 | ||||||||
| - Females | 23.7 | 24.0 | ||||||||
| Retiring | in 20 years | |||||||||
| - Males | 23.1 | 22.4 | ||||||||
| - Females | 25.6 | 25.7 | ||||||||
| Amounts | recognised | in | the Statement | of Financial | Activities | in respect | of the defined | benefit | ||
| scheme | are as follows: | |||||||||
| 2023 | 2022 | |||||||||
| E | E | |||||||||
| Net interest on defined | benefit liabilities | 16,000 | 17,000 | |||||||
| Current | service cost | 41,000 | 49,000 | |||||||
| 57,000 | 66,000 |
| defined benefit plans are as follo |
ws: | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| 6 | |||||
| Present value of defined benefit | obligations | (1,269,000) | (1,998,000) | ||
| Fair value of plan assets | 1,342,000 | 1,416,000 | |||
| Surplus/(deficit) in scheme |
73,000 | (582,000) | |||
| Movements in the present value |
ofdefined | benefit | obligations: | ||
| Liabilities at 1 April 2022 | 1,998,000 | ||||
| Current service cost | 41,000 | ||||
| Interest cost | 54,000 | ||||
| Contributions by scheme participants |
5,000 | ||||
| Benefits paid | (64,000) | ||||
| Actuarial gains |
(765,000) | ||||
| Liabilities at 31 March 2023 | 1,269,000 | ||||
| Movements in the fair value of plan assets: |
|||||
| Fair value ofassets at 1 April 2022 | 1,416,000 | ||||
| Interest income | 38,000 | ||||
| Return on plan assets (excluding |
amounts | included | in net interest) | (55,000) | |
| Other experience | (49,000) | ||||
| Contributions by scheme participants |
5,000 | ||||
| Benefits paid | (64,000) | ||||
| Contributions by the employer |
51,000 | ||||
| Fair value ofassets at 31March | 2023 | 1,342,000 |
| The charity's share ofthe scheme assets at th | e reporting date were as follows: |
|
|---|---|---|
| 2023 | 2022 | |
| E | E | |
| Equity instruments Bonds |
751,520 456,280 |
835,440 410,640 |
| Property Cash |
93,940 40,260 |
113,280 56,640 |
| Total fair value ofassets | 1,342,000 | 1,'i16,000 |
| Reconciliation and an |
al | ys | is | of movemen | t offunds fo |
r the year ended | 31 March 20 | 23: |
|---|---|---|---|---|---|---|---|---|
| Pension | Balance at | |||||||
| Balance at 1April 2022 |
Income | gains Lfund Expenditure transfers |
31March 2023 |
|||||
| E | E | F. | ||||||
| Restricted funds | ||||||||
| Heritage fund |
110,000 | 110,000 | ||||||
| Leicester Rotary | 44,625 | (10,500) | 34,125 | |||||
| TS Shipman | 3,964 | (933) | 3,031 | |||||
| Biffa Grant | 21,250 | (5,000) | 16,250 | |||||
| Big Lottery fund | 197 | 197 | ||||||
| Lifelong Learning fund |
28,134 | (192) | 27,942 | |||||
| Severn Trent Woodland | ||||||||
| Workshop Grant |
5,842 | (5,842) | ||||||
| Restricted donation |
25,000 | 25,000 | ||||||
| Heritage Lottery Fund |
grant | 1,000 | 1,000 | |||||
| National Forest |
57,331 | (57,331) | ||||||
| Waddlicotes Field |
14,710 | (3,250) | 11,460 | |||||
| Arts Council 3ubilee Fund | 5,957 | (5,957) | ||||||
| The Cummins Foundation |
4,976 | (4,976) | ||||||
| Midlands Energy Rural |
||||||||
| Community Energy Fund |
6,240 | (6,240) | ||||||
| Total restricted funds |
222,880 | 106,346 | (100,221) | 229,005 | ||||
| Unrestricted funds |
||||||||
| Designated funds: |
||||||||
| Development fund |
289,949 | 1,040 | (70,776) | 220I213 | ||||
| Vehicles renewals fund |
138,601 | 68,254 | (97,880) | 108,975 | ||||
| Equipment renewals |
fund | 54,495 | 27 | 54,522 | ||||
| Property maintenance |
||||||||
| fund | 80,091 | 34 | (11,385) | 68,740 | ||||
| Memorial Wood |
||||||||
| Development fund |
187,158 | 72,045 | (33,388) | 225,815 | ||||
| Emergency expenditure |
||||||||
| fund | 122,000 | 263 | 404,496 | 526,759 | ||||
| Total designated fund |
872,294 | 141,663 | (213,429) | 404,496 | 1,205,024 | |||
| General funds: | ||||||||
| Revenue reserve | 668,023 | 1,756,339 | (1,352,331) | (404,496) | 667,535 | |||
| Fixed asset revaluation | 267,848 | 267,848 | ||||||
| Total general funds | 935,871 | 1,756,339 | (1,352,331) | (404,496) | 935,383 | |||
| Pension reserve | (582,000) | (6,000) | 661,000 | 73,000 | ||||
| Total unrestricted funds |
1,226,165 | 1,898,002 | (1,571,760) | 661,000 | 2,213,407 | |||
| Total charity funds | 1,449,045 | 2,004,348 | (1,671,981) | 661,000 | 2,442,412 |
| Capital financing | |||||||
|---|---|---|---|---|---|---|---|
| The Capital Financing |
Reserve represents | previous expenditure on fixed assets in accordance |
|||||
| with the Charities SORP |
and the capitalisation policy |
ofthe charity is | stated in note |
2 ofthe | |||
| accounts. During the |
prior | year, this was | released to the revenue reserve. |
||||
| Funds prior year | Balance at | Pension gains 8 fund |
Balance at 31March |
||||
| 1 | April 2021 | Income | Expenditure | transfers | 2022 | ||
| E | F. | 6 | E | E | |||
| Restricted funds | |||||||
| Heritage fund Leicester Rotary TS Shipman |
110,000 55,125 4,897 |
(10,500) (933) |
110,000 44,625 3,964 |
||||
| Biffa Grant | 26,250 | (5,000) | 21,250 | ||||
| Big Lottery Fund Life I ong Learning Fund |
197 28,300 |
(166) | 197 28,134 |
||||
| Seven Trent Woodland | |||||||
| Workshop grant Waddlicotes Field |
3,779 17,600 |
(3,779) (2,890) |
14,710 | ||||
| Total restricted funds |
224,769 | 21,379 | (23,268) | 222,880 | |||
| Unrestricted funds |
|||||||
| Designated funds: Development fund Vehicles renewals fund |
123,637 137,627 |
1,031 30,969 |
(63,607) (29,995) |
228,888 | 289,949 138,601 |
||
| Equipment renewals |
fund | 54,468 | 27 | 54,495 | |||
| Property maintenance fund |
34,796 | 40 | (14,745) | 60,000 | 80,091 | ||
| Memorial Wood |
|||||||
| Development fund |
155,456 | 59,416 | (27,714) | 187,158 | |||
| Emergency expenditure |
|||||||
| fund | 122,000 | 122,000 | |||||
| Total designated fund |
505,984 | 91,483 | (136,061) | 410,888 | 872,294 | ||
| General funds: | |||||||
| Revenue reserve |
503,613 | 1,726,432 | (1I427I554) | (134,468) | 668,023 | ||
| Fixed asset revaluation | 496,736 | (228,888) | 267,848 | ||||
| Capital financing | 47,532 | (47,532) | |||||
| Total general funds |
1,047,881 | 1,726,432 | (1,427,554) | (410,888) | 935,871 | ||
| Pension reserve | (853,000) | (14,000) | 285,000 | (582,000) | |||
| Total unrestricted funds |
700,885 | 1,817,915 | (1,577,615) | 285,000 | 1,226,165 | ||
| Total charity funds | 925,634 | 1,839,294 | (1,600,883) | 285,000 | 1,449,045 |
| Analysis ofn | et assets | between | funds | |||
|---|---|---|---|---|---|---|
| Restricted | Designated | General | ||||
| funds | funds | fund | Total | |||
| 6 | E | E | E | |||
| Fund balances | at 31March 2023 | |||||
| are represented | by: | |||||
| Fixed assets | 163,406 | 846,634 | 1,010,040 | |||
| Net current assets | 65,599 | 1,205,024 | 88I749 | 1,359,372 | ||
| Defined benefit |
pension | scheme | ||||
| asset | 73,000 | 73,000 | ||||
| 229,005 | 1,205,024 | 1,008,383 | 2,442,412 | |||
| Restricted | Designated | General | ||||
| funds | funds | fund | Total | |||
| F. | ||||||
| Fund balances | at 31 March 2022 | |||||
| are represented | by: | |||||
| Fixed assets | 179,839 | 738,237 | 918,076 | |||
| Net current assets | 43,041 | 643,406 | 426,522 | 1,112,969 | ||
| Defined benefit | pension | scheme | ||||
| liability | (582,000) | (582,000) | ||||
| 222,880 | 643,406 | 582,759 | 1,449,045 |
| The to | tal f | uture minimum lease payments und |
er non-cancellable operating leases are |
as follows: |
|---|---|---|---|---|
| 2023 | 2022 | |||
| 6 | ||||
| Within | one | year | 864 | 2,073 |
| Within | 2-5 | years | 864 | |
| 864 | 2,937 |
| leases, for the following future minimum lease |
payments: | |
|---|---|---|
| 2023 | 2022 | |
| Amounts receivable; |
E | 6 |
| Within one year | 22,500 | 22,500 |
| Within 2-5 years | 50,625 | 73,125 |
| 73,125 | 95,625 |
| Unrestricted | Restricted | |||||
|---|---|---|---|---|---|---|
| funds | funds | Total | ||||
| E | 6 | |||||
| Income | from: | |||||
| Donations | and legacies | 124,879 | 17,600 | 142,479 | ||
| Charitable | activities | 1,560,684 | 3,779 | 1,564,463 | ||
| Investment income |
106,452 | 106,452 | ||||
| Other income | 25,900 | 25,900 | ||||
| Total | 1,817,915 | 21,379 | 1,839,294 | |||
| Expenditure on: |
||||||
| Charitable | activities: | |||||
| Visitor | services | 976,332 | 11,908 | 988,240 | ||
| Estate | maintenance | and | management | 601,283 | 11,360 | 612,643 |
| Total | 1,577,615 | 23,268 | 1,600,883 | |||
| Net gains | on investment | properbes | ||||
| Net income | 240,300 | (1,889) | 238,411 | |||
| Other recognised gains | ||||||
| Actuarial | gains on defined | benefit | ||||
| pension scheme | 285,000 | 285,000 | ||||
| Net movement in funds |
525,300 | (1,889) | 523,411 |