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##
|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
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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|
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|||||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|