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2021-03-31-accounts

DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

Company Number: 2348350 Charity Number: 801122

THE ORCHARD TRUST (Limited by Guarantee)

FINANCIAL STATEMENTS

For the Year Ended 31 March 2021

DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

C O N T E N T S

Page
OFFICERS AND ADVISORS 1
CHAIRMAN’S REPORT 2
REPORT OF THE TRUSTEES
3
INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS 9
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES 12
COMPANY ONLY STATEMENT OF FINANCIAL ACTIVITIES 14
CONSOLIDATED BALANCE SHEET 16
COMPANY ONLY BALANCE SHEET 17
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 18
COMPANY ONLY STATEMENT OF CHANGES IN EQUITY 19
CONSOLIDATED CASH FLOW STATEMENT 20
NOTES TO THE FINANCIAL STATEMENTS
21

DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) OFFICERS AND ADVISORS FOR THE YEAR ENDED 31 MARCH 2021

Trustees Mr N Budd
Mr B Kaye
Mrs J Morris Kaye
Mrs S Henchley
Mr R Morgan
Mrs R Dodsworth
Mrs C Smart
Mrs E Hewison
Mr C Lloyd
Chief Executive Officer Mrs C Andrews
Registered and Administrative Office The Orchards
Lydbrook Valley Springs
Central Lydbrook
Lydbrook
Gloucestershire
GL17 9PP
Auditors Hazlewoods LLP
Windsor House
Bayshill Road
Cheltenham
GL50 3AT
Solicitors Harrison Clark Rickerbys
Ellenborough House
Wellington Street
Cheltenham
GL50 1YD
Bankers Lloyds TSB
19 Eastgate Street
Gloucester
GL1 1NU
Company Number 2348350 (England and Wales)
Charity Number 801122

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) CHAIRMAN’S REPORT FOR THE YEAR ENDED 31 MARCH 2021

I want to start by thanking everyone: staff, volunteers, senior managers, support staff, admin, and learning and development staff for their dedication and resilience during the last year. In spite of being overwhelmed by the Covid pandemic, this dedication to care has enabled us to keep each other safe. Our families as well have been wonderfully understanding in their forbearance as they were not able to touch their loved ones for many months, or even visit during the early months of shutdown.

The Trust has had to think outside of the box to change its routines and practices in order to comply with Government guidelines, and protect those who are in our care. Safe meeting places have been conjured up for families to meet their loved ones, Learning and Development and the Day Centre are now experienced at providing video and online training, and we have all got used to wearing masks, regular testing and having our temperature taken daily.

Huge thanks must go to our Fundraising team, who have obtained grants to cover our PPE needs and to fund the changes that have been put in place. Indeed, their fundraising has helped to maintain the financial stability of the Trust for this year.

Our usual fund-raising activities could not take place, but a very successful online Summer Fete was organised by a few dedicated staff. Our grateful thanks to them.

We continue to have good, positive relationships with the local authorities who are involved with our clients. We are confident that we can continue to provide excellent care for the foreseeable future.

Sue Henchley Chairman of Trustees The Orchard Trust

18/11/2021 Date:

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

The Trustees present their report together with the audited financial statements (“accounts”) of the company for the year ended 31 March 2021.

PURPOSE AND IMPACT

The Orchard Trust was established over 30 years ago by a group of parents who were looking to improve care options for their children and others with learning disabilities. The Trust provides residential care, supported living homes, short break (respite) beds, rebound therapy, hydropool therapy and day services based on a working smallholding which is open to all who may wish to benefit from the services.

To see more about our homes and facilities please visit our website: www.orchard-trust.org.uk

Philosophy of the Orchard Trust

Orchard Trust believes people with disabilities have the same rights as any other individual and support each to enjoy the services and opportunities available to any other member of the community.

Values

Kindness - We treat others and ourselves with gentleness, warmth and care, focusing on the little things that really matter.

Respect - We look after ourselves, each other, our places and the environment.

Individuality - We recognise one another for the people we are, understanding and accepting preferences and beliefs to ensure a personalised care and support.

Working together - We believe the best results are gained through working as a team, valuing suggestions and encouraging new ideas as we strive to continuously improve the care we provide .

The Trust’s values reflect the intrinsic behaviours of staff within the organisation and daily decisions are enhanced by the ongoing focus provided by the values.

Objectives (Mission)

We are a consistent and long-term place for life for people with disabilities, with a warm and friendly environment where each individual is supported to realise their ambitions.

Activities

Our mission is achieved by working towards the following aims:

  1. Consistently look for innovation and fresh ideas to improve the care we provide

  2. Ensuring each staff member has the skills and attributes of our values through effective recruitment, ongoing support, development and shared vision.

  3. Building financial resilience through diversification of income, internal efficiencies and the provision of added value through alternative funding

  4. Expanding the reach of our day services site to benefit the wider community

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

Achievements and Performance

The key achievements of the Trust against its activities and thus its objectives during the 2020/21 financial year are as follows:

VALUES AND WAYS OF WORKING

The Trust is deeply committed to providing high quality and positive risk-based care. To support sharing of learning and best practice the Trust has many internal committees to provide effective two-way feedback between all services and management. These include:

Due to Covid restrictions many of these groups have met virtually and more frequently to ensure easy sharing of updates to guidance and risk assessments. Sadly, Trust our Voice have not adapted well to virtual meetings and this group has not met for many months. Once it is safe to do so the group will restart face to face. Carers and sharers have also adapted the way they interact and a circle of support was set up between families to maintain contact through the first lockdown.

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

Ensuring our work delivers our mission

The Trust ensures all actions contribute to achieving its mission through regular monitoring of performance by CQC and local authority reports, user, family and staff questionnaires, internal and external service user quality visits, Trustee buddy visits, senior manager and peer visits and an internal ‘mum’ test. The board have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when determining how our current and future activities meet the Trust’s objectives.

Staff Pay Award

Although fee uplifts effective from April 2020 received from Local Authorities and Clinical Commissioning Groups did not cover the full impact of the increase in national Living Wage the Trust chose to invest in its staff teams by offering all staff a pay increase and also increased the differential between care worker and team leader, reflecting the increased responsibilities required of the leader role. A pay progression route allows opportunity for salary increases through qualifications and length of service and support the Trusts aim to ensure each staff member has the skills and attributes of our values through effective recruitment, ongoing support, and training and shared vision. The Trust is delighted to pay all staff above the National Living Wage for the first time, this reflects the importance of the tasks they are doing and the gratitude the Trust has for their commitment and continuous hard work throughout the pandemic.

OPERATING MODEL AND RISKS

Risk

Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects. These procedures are regularly reviewed to ensure they meet the needs of the charity.

Principal identified risks

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

Reserve Policy

The majority of the Trust’s income is received through local authority contracts for the specific care of an individual. Any surplus is used to ensure the Trust’s on-going sustainability and to improve the care environment.

All charities are required to consider the level of reserves they need to hold to cover both development opportunities and as resilience against unforeseen events. Additional cash reserves are considered by the Trustees to be essential to protect the activities of the Trust. In line with the general guidance provided by the Charity Commissioners and an understanding of the organisational risks, the Trustees calculate the unrestricted reserves held to be a minimum of six months expenditure with the aim to increase this to the 12-month figure. These amounts have increased from previous years following consideration of future Local Authority funding challenges and further uncertainties during the ongoing pandemic.

Currently, the maintained unrestricted reserves not committed or invested in tangible fixed assets (Residential Development Fund) is at £900,000. Any reserves over that sum could be allocated for future development, pending a suitable opportunity. The net asset value of the Trust is sufficient to release substantial funds in the event of a catastrophe.

GOVERNANCE AND DECISION MAKING

Orchard Trust

The Trustees in office in the year are detailed on page 1 of this report along with the names and addresses of relevant organisations providing banking services or professional advice to the Charity and its subsidiary.

The company does not have share capital, being limited by a guarantee of £1 from each of the Trustees. The Trustees act as Directors for company purposes.

The company is governed by its Memorandum and Articles of Association.

The Trustees have given due consideration to Charity Commission published guidance on the operation of the public benefit requirement.

At the year end the Board of Trustees comprised 9 Trustees, who are also Directors of The Orchard Trust for the purposes of company law. Operational responsibility lies with the Trust’s Senior Management team of Cathy Andrews, C.E.O.; Anthony Jeffers, Head of Support & Operations; and Kelly Ryder, Head of Finance.

The Trust holds six full board meetings per year, plus three finance committee meetings, two investment committee meetings and three safeguarding committee meetings. Trustees also have representation on the health and safety committee and each service has a Trustee buddy who regularly visits the service to learn more about that services specific challenges and thus bring greater knowledge to the board room.

Independent Training & Development Ltd

This subsidiary training organisation is overseen by a board, who report to the main board, comprising:

Mr N Budd (Trustee of Orchard Trust) Mr B Kaye (Trustee of Orchard Trust)

Mr Keith Carswell (an unconflicted party as required by the Charities Commission)

Operational decisions made by Cathy Andrews, CEO, and Wendy Bolton, Training Manager.

Trustee Appointment and Training

Trustees are appointed by election to the Board. On induction, new Trustees are given a tour of the Trust's sites, meet key employees and are introduced to the other Trustees. Trustees are briefed on their legal obligations under charity and company law, as well as the aims and activities of the Trust and its recent financial performance. Trustees are encouraged to attend external training events where these facilitate the undertaking of their role.

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) REPORT OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31 MARCH 2021

Review of the accounts

The accounts follow a similar format to those of the preceding year in compliance with the accounting rules under SORP 2015.

The "Consolidated Statement of Financial Activities" on page 12-13 shows the movements on all funds of the Group, with the Consolidated Balance Sheet on page 16. A Consolidated Cash Flow Statement has again been included in the accounts on page 20. As in previous years, the report contains a Risk Analysis.

Borrowings

The Trust has borrowed no money during this period.

At the balance sheet date, cash reserves were higher than last year at £1,305,534. Total reserves increased from £5,847,473 to £6,028,822.

Investment Powers

Under the Memorandum and Articles of Association, the company has the power to make any investment which the Trustees see fit.

Results

The financial results for the year are presented on pages 12-36.

Financial Review

The full accounts of the Trust are included on pages 12-36. Cash balances at the year-end of £1,305,534 reflected careful management of the Trusts resources during financially challenging times.

Acquisitions and Disposals

There have been no substantial acquisitions or disposals during the period.

Statement of Trustees’ Responsibilities

The Trustees (who are also directors of The Orchard Trust Limited for the purposes of company law), are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the Trustees to prepare financial statements for each financial year. Under that law, the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the profit or loss of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Acknowledgements

We acknowledge HR support and guidance from Ellis Whittam and DE Ford Limited for dealing accordingly with our insurance needs.

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) REPORT OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31 MARCH 2021

Statement of Disclosure to Auditor

In accordance with company law, as the Company's Directors, the Trustees have taken the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the charitable company's auditors are aware of that information. The Trustees confirm that there is no relevant information that they know of, and which they know the auditors are unaware of.

Fixed Assets

The Company re-valued its properties in March 2015. This revaluation, which has been reflected in these financial statements, is based on the open market valuation for existing use of £4,630,000, which is the basis required by UK Financial Reporting Standards. The valuation of the properties at the same date, on the assumption that they were fully operational and equipped having regard to trading potential, was £4,630,000.

Third Party Indemnity Insurance

The company incurred an annual premium of £1,106 to DE Ford Limited in relation to Trustee Indemnity Insurance.

Auditors

Hazlewoods LLP were reappointed as auditors in the year and have expressed their willingness to continue in office.

Signed by order of the Board of Trustees

Mrs R Dodsworth Treasurer - The Orchard Trust Date: 18/11/2021

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS

Opinion

We have audited the financial statements of The Orchard Trust for the year ended 31 March 2021, which comprise the Consolidated and Charity Statements of Financial Activities, the Consolidated and Charity Balance Sheets, the Consolidated and Charity Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the group and the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustee’s responsibilities statement set out on page 7, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group’s or the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS

Extent to which the auditor was considered capable of detecting irregularities, including fraud Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planning and performed in accordance with the ISA’s (UK).

In identifying and assessing risks of material misstatement in respect of fraud, including irregularities and noncompliance with laws and regulations our procedures included the following:

...................................... Martin Howard (Senior Statutory Auditor)

For and on behalf of Hazlewoods LLP, Statutory Auditor

Windsor House Bayshill Road Cheltenham GL50 3AT

18/11/2021 Date:.............................

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
Restricted
Total
fund
fund
funds
2021
2021
2021
Note
£
£
£
INCOME AND ENDOWMENTS
Income and endowments from:
Donations and legacies
Donations and gifts
99,448
32,504
131,952
Investments
Bank interest receivable
2,933
-
2,933
Charitable activities
Local Authority contracts
3,743,475
-
3,743,475
Other
Training income
29,183
-
29,183
Rental income
39,000
-
39,000
Other income
-
-
-
Government grants
156,141 217,884
374,025
_
_
_
Total income and endowments
4,070,180
250,388
4,320,568
_
_
_
EXPENDITURE ON
Charitable activities

2
(3,941,664)
(197,555)
(4,139,219)
_
_
_
Total expenditure
(3,941,664)
(197,555)
(4,139,219)
_
_
_
Net income / (deficit) before other
recognised gains
and losses
15
128,516
52,833
181,349
_
_
_
Movement in fair value of investments
-
-
-
_
_
_
Net income / (deficit) for the year
128,516
52,833
181,349


 Total
funds
2020
£
100,571
1,071
3,620,535
128,238
33,730
1,073
-
_
3,885,218
_
(3,821,606)
_
(3,821,606)
_
63,612
_
6,434
_
70,046

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
Restricted
fund
fund
2021
2021
Note
£
£
Reconciliation of funds
Funds brought forward at
1 April
5,821,718
25,755
Transfer between reserves
44,943
(44,943)
Net movement in funds
128,516
52,833
_
_
Funds carried forward at
31 March
15
5,995,177
33,645

 Total
Total
funds
funds
2021
2020
£
£
5,847,473
5,777,427
-
-
181,349
70,046
_
_
6,028,822
5,847,473

The notes on pages 21 to 36 form part of these financial statements.

The Statement of Financial Activities has been prepared on the basis that all operations are continuing operations.

Note of Historical Cost Income and Expenditure

2021 2020
£ £
Reported net movement in funds 181,349 83,654
Difference between historical cost
depreciation and the actual depreciation
charge of the year calculated on the revalued
amount 13,499 13,055
__ __
Historical cost net movement in funds 194,848 96,709

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
Restricted
Total
fund
fund
funds
2021
2021
2021
Note
£
£
£
INCOME AND ENDOWMENTS
Income and endowments from:
Donations and legacies
Donations and gifts
99,448
32,504
131,952
Investments
Bank interest receivable
2,933
-
2,933
Charitable activities
Local Authority contracts
3,747,831
-
3,747,831
Other
Training income
5,496
-
5,496
Rental income
39,000
-
39,000
Other income
2,376
-
2,376
Government grants
117,462
217,884
335,346
_
_
_
Total income and endowments
4,014,546
250,388
4,264,934
_
_
_
EXPENDITURE ON
Charitable activities

2
(3,868,762)
(197,555)
(4,066,317)
_
_
_
Total expenditure
(3,868,762)
(197,555)
(4,066,317)
_
_
_
Net income / (deficit) before other
recognised gains
and losses
15
145,784
52,833
198,617
_
_
_
Movement in fair value of investments
-
-
-
_
_
_
Net income / (deficit) for the year
145,784
52,833
198,617


 Total
funds
2020
£
100,571
1,071
3,620,982
25,967
33,730
-
-
_
3,782,321
_
(3,726,152)
_
(3,726,152)
_
56,169
_
6,434
_
62,603

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted Unrestricted Restricted Total Total
fund fund funds funds
2021 2021 2021 2020
Note £ £ £ £
Reconciliation of funds
Funds brought forward at
1 April 5,830,202 25,755 5,855,957 5,793,354
Transfer between reserves 44,943 (44,943) - -
Net movement in funds 145,784 52,833 198,617 62,603
__ __ _ _
Funds carried forward at
31 March 15 6,020,929
 33,645
 6,054,574
 5,855,957
The notes on pages 21 to 36 form part of these financial statements.
The Statement of Financial Activities has been prepared on the basis that all operations are continuing operat
Note of Historical Cost Income and Expenditure
2021 2020
£ £
Reported net movement in funds 198,617 97,511
Difference between historical cost
depreciation and the actual depreciation
charge of the year calculated on the revalued
amount 13,499 13,005
__ __
Historical cost net movement in funds 212,116 110,516

The Statement of Financial Activities has been prepared on the basis that all operations are continuing operations.

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2021

Company Number: 2348350

Note
£
Fixed assets
Intangible assets
6
Tangible assets
7
Investments
8
Current assets
Stock
9
1,440
Debtors
10
284,061
Cash at bank and in hand
1,305,534
_
1,591,035
Creditors: Amounts falling due
within one year
11 (232,647)
_
Net current assets
Total assets less current liabilities
Funds
Restricted income funds 13,14,15
Unrestricted income funds:
14,15
Operational general fund
Property revaluation reserve
Designated funds
__
 2021
£
£
-
4,669,504
930
_
4,670,434
1,440
227,957
1,041,297
_
1,270,694
(175,659)
_
1,358,388
_
6,028,822

33,645
4,116,276
978,901
900,000
__
6,028,822
 2020
£
5,064
4,746,444
930
_
4,752,438
1,095,035
_
5,847,473

25,755
3,929,318
992,400
900,000
___
5,847,473

18/11/2021

The financial statements were approved by the Board of Trustees on and signed on its behalf by:

Mrs R Dodsworth Trustee

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) BALANCE SHEET AS AT 31 MARCH 2021

Company Number: 2348350

Note
£
Fixed assets
Tangible assets
7
Investments
8
Current assets
Stock
9
1,440
Debtors
10
284,779
Cash at bank and in hand
1,285,820
_
1,572,039
Creditors: Amounts falling due
within one year
11 (187,900)
_
Net current assets
Total assets less current liabilities
Funds
Restricted income funds 13,14,15
Unrestricted income funds:
14,15
Operational general fund
Property revaluation reserve
Designated funds
__
 2021
£
£
4,669,504
931
_
4,670,435
1,440
227,036
1,031,466
_
1,259,942
(151,360)
_
1,384,139
_
6,054,574

33,645
4,142,028
978,901
900,000
__
6,054,574
 2020
£
4,746,444
931
_
4,747,375
1,108,582
_
5,855,957

25,755
3,937,802
992,400
900,000
___
5,855,957

18/11/2021

The financial statements were approved by the Board of Trustees on and signed on its behalf by:

Mrs R Dodsworth Trustee

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 MARCH 2021

Operational Property Designated
Restricted
general revaluation
fund
fund
fund
reserve
£
£
£
£
Funds brought forward
at 1 April 2020
3,929,318
992,400
900,000
25,755
Net incoming resources
before transfers
128,516
-
-
52,833
Depreciation on revalued
13,499
(13,499)
-
-
amounts
Transfer between reserves
44,943
-
-
(44,943)
_
_
_
_
Funds carried forward
at 31 March 2021
4,116,276
978,901
900,000
33,645



Operational Property Designated
Restricted
general revaluation
fund
fund
fund
reserve
£
£
£
£
Funds brought forward
3,853,673
1,005,455
900,000
18,299
at 1 April 2019
Net incoming resources
11,538
-
-
58,508
before transfers
Depreciation on revalued
13,055
(13,055)
-
-
amounts
Transfer between reserves
51,052
-
-
(51,052)
_
_
_
_
Funds carried forward
at 31 March 2020
3,929,318
992,400
900,000
25,755


 Total
funds
£
5,847,473
181,349
-
-
_
6,028,822

Total
funds
£
5,777,427
70,046
-
-
_
5,847,473

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 MARCH 2021

Operational Property Designated
Restricted
general revaluation
fund
fund
fund
reserve
£
£
£
£
Funds brought forward
at 1 April 2020
3,937,802
992,400
900,000
25,755
Net incoming resources
before transfers
145,784
-
-
52,833
Depreciation on revalued
13,499
(13,499)
-
-
Amounts
Transfer between reserves
44,943
-
-
(44,943)
_
_
_
_
Funds carried forward
at 31 March 2021
4,142,028
978,901
900,000
33,645



Operational Property Designated
Restricted
general revaluation
fund
fund
fund
reserve
£
£
£
£
Funds brought forward
at 1 April 2019
3,869,600
1,005,455
900,000
18,299
Net incoming resources
4,095
-
-
58,508
before transfers
Depreciation on revalued
13,055
(13,055)
-
-
Amounts
Transfer between reserves
51,052
-
-
(51,052)
_
_
_
_
Funds carried forward
at 31 March 2020
3,937,802
992,400
900,000
25,755


 Total
funds
£
5,855,957
198,617
-
-
_
6,054,574

Restated
Total
funds
£
5,793,354
62,603
-
-
_
5,855,957

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021

Note
Cash generated from in operating activities
16
Cash flows from investing activities
Interest income
Purchase of tangible fixed assets
Proceeds from fixed asset investment disposals
Purchase of intangible fixed assets
Cash provided by (used in) investing
activities
Cash flows from financing activities
Other loans advanced in the year
Cash provided by (used in) financing
Activities
Increase in cash and cash equivalents in
the year
Cash and cash equivalents at the beginning
of the year
Total cash and cash equivalents at the end
of the year		 2021
£
£
321,364
2,933
(82,060)
-
-

(79,127)

22,000

22,000

264,237

1,041,297

1,305,534
 2020
£
£
288,199
1,071
(117,271)
200,371
(5,064)

79,107

-

-

367,306

673,991

1,041,297
2020
£
288,199
79,107
-
367,306
673,991

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

_________________

1 ACCOUNTING POLICIES

Basis of Preparation

The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, adopting the following principal accounting policies all of which are 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 (FRS102) and the Charities Act 2011.

The financial statements are presented in Pounds Sterling.

Company status

The company is limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1. The company is subject to the requirements of the Companies Act 2006 with regards to the form and content of the financial statements.

The company is incorporated and domiciled in England and Wales.

The address of its registered office is: The Orchards Lydbrook Valley Springs Central Lydbrook Lydbrook Gloucestershire GL17 9PP

Basis of consolidation

The consolidated financial statements consolidate the financial statements of the charity and its subsidiary undertakings drawn up to 31 March 2021.

A subsidiary is an entity controlled by the charity. Control is achieved where the charity has the power to govern the financial and operating policies of an entity so at to obtain benefits from its activities.

The results of subsidiaries acquired or disposed of during the year are included in the Profit and Loss account from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.

The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their air values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.

Inter-company transactions, balances and unrealised gains on transactions between the charity and its subsidiaries, which are related parties, are eliminated in full.

Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.

Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group’s equity therein. Non-controlling interests consistent of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of combination.

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

_________________

Judgements and estimation uncertainty

The trustees consider that there are no key areas of judgement or estimation uncertainty to be disclosed in these financial statements.

Intangible fixed assets

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the group’s interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill recognised at acquisition is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis over its useful life, which is estimated to be twenty years.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class Development costs 5% straight line

Tangible fixed assets and depreciation

Tangible fixed assets are stated in the accounts at cost or revalued amount less depreciation. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life. The annual rates applied in this period were:

Freehold buildings (homes) 2% on written down value Farm 2% on written down value Plant and equipment 15% on written down value Office equipment and furniture 40% on written down value Motor vehicles 25% on written down value

No depreciation is provided on freehold land.

Stocks

Stocks are valued at the lower of cost and net realisable value.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risk of ownership remain with the lessor are charged to the Statement of Financial Activities.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

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.

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

_________________

1 ACCOUNTING POLICIES (continued)

Trade receivables

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. All debtors are repayable within one year and are hence included at the undiscounted amount of the cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the Trust will not be able to collect all amounts due according to the original terms of the receivables.

Trade payables

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 Trust 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.

Financial instruments

The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Income and endowments

Income and endowments are allocated between:

Donations and legacies (analysed between donations/gifts and grants receivable)

Donations/gifts and grants are accounted for on a receivable basis. Funds collected, to which the charity is entitled, but not received before the end of the financial year, are included in income and endowments and in debtors.

Capital grants are recognised through the Statement of Financial Activities as income to restricted funds. A transfer is then made to the General Fund so as to write back the fund over the expected useful life of the relevant asset.

Income from charitable activities (fees from local authority contracts)

Income derives from the provision of education and residential care and is recognised in the Statement of Financial Activities on a receivable basis. Such income is exempt from Value Added Tax.

Income from Investments

Interest receivable is accrued on a daily basis.

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1 ACCOUNTING POLICIES (continued)

Other income

Income arising from the provision of training is recognised on a receivable basis, and included within ‘Other income’.

Expenditure on Charitable activities

Expenditure on Charitable activities is included in the Statement of Financial Activities on an accruals basis, inclusive of any Value Added Tax, which cannot be recovered. Where expenditure is directly attributable to more than one activity, it is apportioned across cost categories on the basis of an estimate of the proportion of time spent by staff on those activities.

Funds

Funds held by the charity are either:

Taxation

The Company is an Exempt Charity within the meaning of Schedule 2 of the Charities Act 1993 and as such is a charity within the meaning of Section 519 of the Income Tax Act 2007 (formerly Section 506(1) of the Taxes Act 1988). Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Section 524 of the Income Tax Act 2007 (formerly Section 505 of the Taxes Act 1988) or Section 256 of the Taxation of Chargeable Gains Tax 1992 to the extent that such income or gains are applied to exclusively charitable purposes.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the consolidated financial statements and on unused tax losses of tax credits in the group. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Pensions

The company operates a defined contribution scheme for certain employees. The contributions are charged to revenue in the period in which they are incurred.

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

_________________

2 EXPENDITURE ON CHARITABLE ACTIVITIES

Group
2021
2020
Note
£
£
Provision of care and education:
Staff costs 4 2,941,769 2,690,414
Residents’ expenses 207,277
146,780
Transport costs 33,978
42,852
Property costs 123,130
114,742
Equipment maintenance 68,100
57,415
Other costs 31,279
23,165
Depreciation 148,469
158,311
Insurance 39,216
39,635
___
___
3,593,218
3,273,314
___
___
Support costs:
Staff costs 4 373,828
368,208
Property costs 8,756
29,838
Equipment maintenance 7,301
4,155
Insurance 2,582
2,581
Office costs 40,635
49,384
Sundry
959
7,189
Legal and professional fees 44,742
67,548
Bank charges 1,908
2,054
Subscriptions 1,142
2,603
Other direct costs 3,938
3,824
Impairment of goodwill -
10,908
Impairment of website costs 5,064
-
Bad debt expense 44,615
-
Loss on disposal of tangible fixed assets 10,531
-
___
___
546,001
548,292
___
___
Total expenditure on charitable activities 4,139,219
3,821,606

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

_________________

2 EXPENDITURE ON CHARITABLE ACTIVITIES (continued)

Company Company
2021 2020
Note
£		 £
Provision of care and education:
Staff costs 4 2,944,318 2,697,360
Residents’ expenses 207,277 146,780
Transport costs 33,978 42,852
Property costs 123,130 114,742
Equipment maintenance 68,100 57,415
Other costs 31,279 23,165
Depreciation 148,469 158,311
Insurance 39,216 39,635
___ ___
3,595,767 3,280,260
___ ___
Support costs:
Staff costs 4 314,048 289,534
Property costs 6,480 6,039
Equipment maintenance 3,584 3,022
Insurance 2,064 2,086
Office costs 39,266 46,307
Sundry
150		 -
Legal and professional fees 50,745 62,603
Bank charges 1,553 1,393
Impairment to investment - 10,908
Provision of intercompany loan - 24,000
Bad debt expense 42,129 -
Loss on disposal of tangible fixed assets 10,531
___ ___
470,550 445,892
___ ___
Total expenditure on charitable activities 4,066,317 3,726,152

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

_________________

3 NET INCOME FOR THE YEAR

NET INCOME FOR THE YEAR
2021 2020
£ £
This is stated after charging:
Depreciation 144,829 158,683
Auditors’ remuneration 9,250 11,900

Third Party Indemnity insurance costs of £1,106 (2020 - £968) were incurred in the year in relation to Trustee Indemnity Insurance. The maximum indemnity under the policy was £2,000,000 (2020 - £2,000,000).

4 STAFF COSTS AND NUMBERS

Note
Staff costs:
Wages and salaries
Social security costs
Other pension costs

Analysed:
Staff costs included in provision of care and education
2
Staff costs included in support costs
2
Emoluments to Executive officer		 Group
2021
2020
£
£
3,063,970
2,837,210
189,116
165,415
62,511
55,997
_
_
3,315,597
3,058,622


2,941,769
2,690,414
373,828
368,208
_
_
3,315,597
3,058,622


71,042
64,424
_
_

The above represents the emoluments of the highest paid officer. No other employee earned more than £60,000. The trustees did not receive any remuneration.

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

_________________

4 STAFF COSTS AND NUMBERS (continued)

Note
Staff costs:
Wages and salaries
Social security costs
Other pension costs

Analysed:
Staff costs included in provision of care and education
2
Staff costs included in support costs
2
Emoluments to Executive officer		 Company
2021
2020
£
£
3,009,312
2,770,183
188,801
162,239
60,253
54,472
_
_
3,258,366
2,986,894


2,944,318
2,697,360
314,048
289,534
_
_
3,258,366
2,986,894


70,940
64,424
_
_

The above represents the emoluments of the highest paid officer. No other employee earned more than £60,000. The trustees did not receive any remuneration.

Group Company
2021 2020 2021 2020
Number Number Number Number
Management and administration 14 15 11 11
Nursing and care staff 177 181 177 181
____ ____ ____ ____
191 196 188 192

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

5 TAXATION

As The Orchard Trust is an exempt charity, it is exempt from taxation in respect of income or capital gains received.

Independent Training and Development Limited has a deferred tax asset, in respect of losses of £33,764 (2020 - £33,764) for the period, which has not been provided for on the grounds that there is insufficient evidence that the asset will be recoverable.

6 INTANGIBLE FIXED ASSETS

Goodwill
Website
Group
costs
£
£
Cost
At 1 April 2020 10,908
5,064
Additions
-
__
_

At 31 March 2021 10,908
5,064

Amortisation
Impairment brought forward
10,908
-
Impairment charge for the year
-
5,064



At 31 March 2021
10,908
5,064

___

Net book value
31 March 2021
-
-


31 March 2020 -
5,064

 Total
£
15,972
-
__
15,972

10,908
5,064
_
15,972
___
-

5,064

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

7 TANGIBLE FIXED ASSETS

Group and Company

Cost
At 1 April 2020
Additions
Disposals
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
Eliminated on
disposal
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Residential
freehold
property
£
5,146,756
27,099
-
5,173,855
693,808
83,110
-
776,918
4,396,937
4,452,948		 Farm
£
192,780
-
-
192,780
62,085
2,615
-		 Plant &
equipment
£
15,597
3,276
-
18,873
12,799
836
-
13,635
5,238
2,798		 Office
equipment
& furniture
£
757,324
51,685
(567,951)
241,058
664,125
45,207
(561,142)
148,190
92,868
93,199		 Motor
vehicles
£
142,988
-
(11,490)
131,498
76,184
16,701
(7,768)
85,117
46,381
66,804		 Total
£
6,255,445
82,060
(579,441)
5,758,064
1,509,001
148,469
(568,910)
64,700
128,080
130,695		 1,088,560
4,669,504
4,746,444

Freehold property includes £278,720 (2020 - £278,720) in respect of land which has not been depreciated.

Comparable historical cost of the freehold property is £4,635,000 (2020 - £4,635,000). The accumulated depreciation on the historical cost is £1,256,522 (2020 - £1,187,573)

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

_________________

8 INVESTMENTS

INVESTMENTS
Listed Investments
Group
£
Cost
At 1 April 2020 930
Change in market value -
Disposals -
______
At 31 March 2021 930
Net book value
31 March 2021 930
31 March 2020 930
Company Subsidiary
Listed		 Total
undertakings investments 2021
£
£		 £
Cost
At 1 April 2020 10,909
930		 11,839
Additions -
-		 -
Change in market value -
-		 -
Disposals -
-		 -
______
______		 ______
At 31 March 2021 10,909
930
 11,839
Amortisation
Impairment brought forward and at 31 March 2021 10,908
-		 10,908
______
______		 ______
Net book value
31 March 2021 1
930
 931
31 March 2020 1
930
 931

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Subsidiary undertaking Registered office Holding Proportion of voting
rights and shares held
2021
2020
Independent Training & England and Wales Ordinary 100%
100%
Development Limited

The principal activity of Independent Training and Development Limited is that of an educational support service.

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

_________________

9 STOCK

STOCK
Group Company
2021 2020 2021 2020
£ £ £ £
Livestock and materials 1,440 1,440 1,440 1,440

10 DEBTORS

Trade debtors
Other debtors and accrued income
Prepayments
Amount owed by related parties		 Group
2021
2020
£
£
186,600
162,661
52,892
25,286
44,569
40,010
-
-
__
_____
284,061
227,957

 Company
2021
2020
£
£
186,600
156,379
52,892
25,285
41,736
40,011
3,551
5,361
_
_
284,779
227,036

11 CREDITORS: Amounts falling due within one year

Trade creditors
Taxation and social security
Accruals and deferred income
Other creditors
Amount owed to related parties
Other loans		 Group
2021
2020
£
£
43,092
38,985
60,604
59,312
61,554
38,212
45,397
39,150
-
-
22,000
-
_
_
232,647
175,659

 Company
2021
2020
£
£
43,508
38,231
39,742
39,277
61,554
35,512
43,096
38,339
-
1
-
-
_
_
187,900
151,360

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

_________________

12 COMMITMENTS

At 31 March, the total of future minimum lease payments is as follows:

Group Company Company
2021
2020		 2021 2020
£
£		 £ £
Expiry date:
Less than one year 2,675
22,088		 2,240 21,654
Between two and five years 3,772
13,441
 3,543
 12,882
13 RESTRICTED FUNDS
Group and Company Movement
1 April Incoming Normal Resources 31 March
2020 2020 Expenditure Transfer 2021
£ £
£		 £ £
Parental donation 106 -
-		 (106) -
Widening of pathways 1,058 -
-		 (1,058) -
Kettle Civils Paths (Woodland) 300 -
-		 (300) -
Café 7,514 10,000
-		 (9,692) 7,822
Dementia Games 139 -
-		 (139) -
ST Sensory Garden Refurb 150 -
-		 (150) -
OD Car 3,117 -
(1,036)		 - 2,081
OD Sensory room 2,170 -
-		 (934) 1,236
Cookery project 4,598 -
-		 - 4,598
SO Tomcat 4,500 329
-		 (4,186) 643
SO Paths 2,100 2,000
-		 - 4,100
Nature sign design 3 -
-		 (3) -
HT Sensory room - 4,500
-		 (4,500) -
Dechokers - 675
-		 (675) -
Pool upgrade - 10,000
-		 - 10,000
Virtual day service - 5,000
(2,200)		 (731) 2,069
Government grants - 217,884
(194,319)		 (22,469) 1,096
__ __
__		 __ __
Total restricted funds 25,755 250,388
(197,555)		 (44,943) 33,645
__ __

Resources transfer includes capital expenditure of £43,188 (2020 – £51,078).

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

_________________

14 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
Funds
£
Fixed assets
4,674,156
Current assets
1,557,390
Current liabilities
(231,611)
_
Balance carried forward
at 31 March 2021
5,998,899


Unrestricted
Funds
£
Fixed assets
4,684,606
Current assets
1,538,394
Current liabilities
(187,900)
_
Balance carried forward
at 31 March 2021
6,024,651
 Group
Restricted
funds
£
-
33,645
-
_

33,645

Company
Restricted
funds
£
-
33,645
-
______
_
33,645
 Total
£
4,674,156
1,591,035
(232,647)
_
6,032,473

Total
£
4,674,157
1,572,039
(187,900)
_
6,058,296

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

_________________

15 MOVEMENTS ON RESERVES

Whilst the Statement of Financial Activities shows the movement on all funds, the position is also illustrated in this note for clarity:

Group
Operational Property Designated Restricted Total
general revaluation fund fund funds
fund reserve
£ £ £ £ £
Funds brought forward
at 1 April 2020 3,929,318 992,400 900,000 25,755 5,847,473
Net incoming resources 128,516 - - 52,833 181,349
before transfers
Depreciation on revalued 13,499 (13,499) - - -
Amounts
Transfer between reserves
44,943		 - - (44,943) -
__ __ __ _ _
Funds carried forward
At 31 March 2021 4,116,276 978,901 900,000 33,645 6,028,822
Company
Operational Property Designated
Restricted
general revaluation
fund
fund
fund
reserve
£
£
£
£
Funds brought forward
at 1 April 2020
3,937,802
992,400
900,000
25,755
Net incoming resources
145,784
-
-
52,833
before transfers
Depreciation on revalued
13,499
(13,499)
-
-
Amounts
Transfer between reserves
44,943
-
-
(44,943)
_
_
__
_
Funds carried forward
At 31 March 2021
4,142,028
978,901
900,000
33,645


 Total
funds
£
5,855,957
198,617
-
-
_
6,054,574

The designated funds of both the group and the company relates to a “Residential Care Development Fund” whereby it is the intention of the Trustees to further develop the provision of care and to provide for unforeseen major expenditure to the properties.

The Trustees are looking for suitable opportunities.

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DocuSign Envelope ID: ED6F7014-7639-4499-9B08-F1C69483C0D9

THE ORCHARD TRUST (Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

_________________

16 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES

Group
Net income before other recognised gains and losses
Interest receivable
Depreciation
Impairment of goodwill
Impairment of website costs
Loss on disposal of tangible fixed assets
(Increase)/Decrease in debtors
Increase / (Decrease) in creditors

Net cash generated from operating activities		 2021
£
181,349
(2,933)
148,469
-
5,064
10,531
(56,104)
34,988

321,364
 2020
£
63,612
(1,071)
158,683
10,908
-
-
43,797
12,270

288,199

17 RELATED PARTY TRANSACTIONS

Group

During the year, rent and rates was paid of £14,099 (2020 - £14,099) to Mr R Morgan (a trustee), who owns a freehold property from which the company trades. No amounts remain unpaid as at 31 March 2021.

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