2021-12-31-accounts - Willoughbridge Garden Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			2021	2021	2021	2020	2020	2020
			Unrestricted	Restricted	'Total	Unresbicted	Restricted	Tata!
		Note	Funds f	Fundsf	Funds	Funds f	Funds	Funds
Incotne from:
Donabons and legacies		2	104,085	29,701	133,786	73,481	35,050	108,531
Charitable acbvities		3	154,208		154,206	72,345		72,345
Cher trading actlgtles			250,223		250,223	106,608		106,608
Investmenis		5	6,082		6,062	6,921		6,921
9Iher			1 117		1 117	1 827		1 827
Total income			515,715	29,701	545,416	261,182	35.080	296.232
Expenditure on;
Charltatas activities		'7	183,270	16,654	199,924	131,341	49,381	180,722
Raising Funds		8	2095t3		248 681	14'1 965	1,110	143,066
Total expenditure			392,818	16,654	409,472	273,297	509491	323,788
Net Income/(expenditure)		before	122,897	13,047	135,944	(12,115)	(15,441)	(27,556)
gains and losses	on Investments
Net gains/(losses)	on invssbnsnts		81,919		81,919	(11,180)		(11,180)
Net Income/(expenditure)			204,816	13,047	217,863	(23,295)	(15,441)	(38,736)
Transfers between funds			3418	(3,418)		(1IXI)	100
Net movement In	funds		208,234	9,629	217,863	(23,395)	(15,341)	(38,736)
Reconciliation offunds:
Total funds brought	forward		645,730	124,807	770,537	669,125	140,148	809,273
Total funds carried	forward	15	853,964	134436	988,4H	645,730	124,807	770,537

			Note	2021f	2020
Fixed assets
Tangible assets			9	303,366	287,418
Investments			10	579,704	494,464
				883,070	781,882
Current assets
Stock				11,900	12,300
Debtors			12	5,650	6,033
Cash at bank and	fn hand			124422	74202
				151,972	92,535
Creditors amounts Bank Loan	falling due within	one year	13 '14	(46,642) ~	(36,163) ~12,500
Net currerit assets Creditors:amounts	falling due after	one year	14	105,330 Il	43,872 ~55,217
Net assets				988,400	770,537
The funds ofthe charfty
Linl estricted income funds				853,964	645,730
Restricted income	funds			134,436	124,807
Total funds			15	988,400	770,537

		Note	2021	2020
			8	8
Cash flows from operating	activities:
Net cash flow from operating activities		17	175,795	9,943
Cash flows from investing	activities:
Proceeds from sale of equipment			2,000
Purchase ofproperty plant and equipment			J448,888	18329
Net cash flow from investing actlvltfes			~47,II58	18,329
Loan Received				75,000
Loan Payments			(674717)	(7,283)
Net movement in cash and	cash equivalents		60,220	59,331
Cash and cash equivalents	at 1January 2021		74,202	14,871
Cash and cash equivalents	at 31 December 2021		134,422	74,202

2. Do	nati	ons and le	gades
			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds	funds	(unde	funds	funds
			2021	2021	2021	2020	2020	2020
					F		9
Dcna0ons	and	gifts	104,085	28 701	133786	73401	3505tl	108,531
			1D4tl05	20 7lll	133706	731St	30 D0D	IDS 531

					Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
					funds	funds	funds	funds	funds	funds
					2021	2021	2021	2020	2020	2020
Gate receipts			and membership		154208	8	154200	6 ~7345		F 72,345
					154 2DD		154200	72345		7 345
4.	Other		trading	activities:
					funds	funds	funds	funds	funds	funds
					2021	2021	2021	2020	2020	2020
									6
Catering		income			182,944		182,944	77,412		77,412
Gft shop income					26,323		26,323	12,962		12,962
Other	trading		income		40,956		40 956	16,234		16,234
					25D 223		250223	100,6011		1tl0 600
5.	Investments:
					Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
					fund's	funds	funds	funds	funds	funds
					2021	2021	2021	20?0	2020	2020
						6		F		5
Income from Bank Interest			listed Investmsnts		5,958 124		5,958 124	6,848 73		6,848 73
					6082		6082	6,921		6,921

wholly charged to un	restricted funds.
Staff costs:		2021	2020
		f.
Wages and salaries		226,431	223,539
Social security costs		9,233	6,344
Defined conf ibution	pension costs	10276	9 813
		245 940	239 696

			2021	2020
			8
Gardeners' wage	costs		115,719	107,598
Gate wage costs Direct garden expenditure			12,768 22,351	7,747 19,065
Direct educational	costs		810	4,303
Depreciation			19,961	20,301
Support &governance		coats allocated	28,315	21,708
			199924	180,722

8.Raising Funds
		2021	2020
Tea room purchases	and wage costs	131,633	87,006
Gift room purchases	and wage costs	23,038	'I6,933
Plants for resale		8,321	1,414
DepreciaBon		11,949	11,180
Support 8 governance	costs allocated	34,607	26,533
		209,548	143,065

9.Tangible ftxed	assets
		Freehold Interest in	Plant and
		land and bufidings	machInery	Total
			8
Costs
At 31 December	2020	539,576	113612	653,188
Additions Disposals At 31 December	2021	15,121 554697	34,737 ~29.776 118,633	49,858 29,716 673330
Depreciation At 31 December	2020	278,134	87,636	365,770
Charge for year On dispesab At 31 December	2021	21,584 299 715	12,326 ~29,716 ~1246	33,910 ~29,746 589,984
Net book value:
At 31 December	2021	254,979	48387	303366
At 31 December	2020	261442	25976	287,416

						2020
				f		f
Market value al 31 Decembe~ Additions at cost Dlsposals at carrying value Gainsf(losses):		2020		478,821 23,691 (12,550)		490,824 98,851 (99,674)
Realised Unrealised Market value at 31 December Cash		2021		268 81 651 571,881 7 823		19,317 ~3~497 478,821 15643
Totaf				679734
Represented by:
Fixed Interest and government		sfock	59,679		52,387
UK & global equities			512,202		426,434
Cash			7 823		15643
Historical cost at 31	December 2021			679704 395,791		494,464 384 735
Unrealised investment	gains	at		176D3D
31 December 2021
Material Investments,	representing		in
excess of5% ofthe portfolio		value	are:
First Sentier WorklV7ide	Sustainable			34,053
Conbrio Casflefield Reef Refum				51,332
Conbrio Casllefi ski BestSuslainable			UK Opps	293,994

11.Stock
	2021	2020
Tea room stock Gft room stock Plants	1,750 9,800 350	2,300 9,500
	'I1 900	12,300
12.Debtors
	2021	2020
		f
Prepayments Olher debtors	3,460 2193	3,760 2,273
	5650

			2021
Trade Creditors			4,217	2,468
Taxation	and social	security	2,423	2,111
Accruals			6,846	3,470
Deferred	Income		831 6	28,114
			46,642
Deferred Income at1 January 2020 Resources deferred In period Amounts re'leased from precious period Deferred Income at 31 December 2020			28,114 26,109 ~21.D6 33336	18,361 22,334 ~12881 28114

	Balance at	Incoming	Resources	Gains/	Transfers	Balance at
	1January	resources	expended	(losses) on		31 December
	2021			investments		2021
Unrestricted funds
Dorothy Clive Garden	595,730	515,715	(392,818)	81,919	(96,582)	703,964
Designated fuhds
Maintenance Fund Strategic Developmnent Fund Total unrestrtcted funds	50,000 545,73II	515,715	7393,318)	81,915	100,000 3,418	50,000 100,000 853,954
Restricted funds
Tractor shed-Garlield Weston Glasshouse - Royal Botanical Pavilion Toilet Block	18,511 80,465 2,000		(1,234) (5,370) (1,750)			17,277 75,095 250
Pavilion Kitchen Upgrade Bottom Toilet Black Motorised Wheelchair Detibnlator	3,444 2,768 5,414 214		(928) (1,460) (1,368) (214)		379 (1,368) (2,650)	2,895 0 1,396 0
Audio induction Loop	1,096		(554)			542
VO)P/IT System Pavilon sealing	2,709 1,200		(1,030) (460)		364	2,043 800
Yew hedge	1,401		(550)		0	851
Zoom Training Project HLF Emergency Funding Oiwen Mcpherson Trust Total restricted funds	1,025 4,560 124,807	2'9,701 29,701	(374) (1,007) (475 16,664)		(143) 3,418)	508 3,553 29,226 134,436
Total funds	770,537	545,416	(409,472)	81,919		988,400

	Balance at	Incoming	Resources	Geinsl	Transfers	Balance at
	1 January	r'esources	expended	(losses) on		31 December
	2020		f	Investments f	f	2020 f
Unrestricted funds
Dorofhy Clivs Garden	619,125	261,182	(273,297)	(11,180)	(100)	595,730
Designated funds Maintenance Fond Total unrestricted funds	50000 009125	261 132	~273,267	~I1 160	~1Ã	50000 645 73D
Restricted funds
Tractor shed-Garfiekl Weston	19,745		(1,234)			'i8,511
Glasshouse - Royal Botanical Pavilion Tdlet Block	85,835 3,750		(5,370) (1,750)			80,465 2,000
Pavilion Kitchen Upgrade Bottom Toilet Block	4,372 4,168		(928) (1,400)			3,44'-I 2,768
t5fotorised Wheelchair	6,782		(1,368)			5,414
Defibrilator	430		(216)			214
Heritage Awareness Project Audio induction Loop VGtpn 7System Pavilon seating Yew hedge Zoom Training Project HLF Emergency Funding	6,469 1,650 36739 1,600 1,608	— 'l,525 1,025 32,500	(6,593) (554) (1,030) (400) (1,708) (27,940)		124 (24)	1,096 2,709 1,200 1,401 1,025 4,560
Total restricted funds	140743	~309l	~5D 491		100	124,807
Total funds	509 273	296 232	~323 766	~11.180		770 537

16.An	alysis
		2021	2021	2021
		Unrestricted	Restricted	Tote'!
		funds	funds	funds
Fked assets		778,712	104,358	883,070
Current Current	assets liabilities	121,894 ~46,642	30,078	151,972 ~46,5421
		853,964	'I34,436	988,400
		2020	2020	2020
		Unrestricted	Restricted	Total
		funds	funds	funds
Fixed assets		659,502	122,380	781,882
Current assefs Current lisbilXes Lfabllfftes due In more than one year		90,108 (48,663) ~5217, 645,730	2,427 124,807	92,535 (48,663) (55,217) 770,537

					2021	2020
						f
Net Income/(expenditure) for the reporting				period	135,944	(27,556)
(as per the statement		offinancial	actMtles)
Adjustments for:
Deprecfafion charges					33,910	31,481
Profit on sale ofassets Diudends, interest and		renls fromingots			(2,000) (3,521)	(5,140)
(Increase)/decrease	in	stacks			400	1,700
(Increase)/decrease	in	debtors			383	2,131
Increase/(decrease)	in	creditors			15479	7,327
Net cash provided	by	operating	activities		175595
Analysis ofcash and		cash equivalents
					2021f	2020
Cash in hand					124422	74,202
					154422	74,202