2023-03-31-accounts - The Loddon Foundation Ltd

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		Page
Rcfcrcncc and Administrative Details
Report ofthe Trustees	2	to	11
Report ofthe Independent Auditors	12	to	14
Statement ofFinancial Activities		15
Balance Sheet		16
Cash Floiv Statement		17
Notes to the Cash Flo&v Statement		18
Notes to the Financial Statements	19	to	31
Detailed Statement ofFinancial Activities	32	to	33

TRUSTEES		Ms SJCorbctt Senior Pbs	Clinician	Clinician	Clinician
		Mr S Fussey Retired Company		Director
		Ms R EJones Rctircd School Assistant				Principal
		Mr M R Lakin Retired
		Dr RW Lycett Retired
		Ms J A Wake Retired Registered			Care Manager
		Mr C I Wells Retired Chaitcrcd			Accountant
		Ms M LCornick (resigned	16.12.22)
REGISTERED	OFFICE	The Loddon School Wildmoor		Lane
		Sherfield-On-Loddon
		Hook
		Hampshire
		RG27 OJD
REGISTERED	COMPANY	02448785 (England and Wales)
NUMBER
REGISTERED	CHARITY	802188
NUMBER
AUDITORS		Shccn Stickland
		Chartered Accountants
		Statutory Auditors
		2 Oriel Court
		Omega Park
		Alton
		Hampshire
		GU34 2YT

			2022-23	2021-22
Total Funds Less:			f.I4,634,628	1'14,333,559
Invested in fixed assets			f.8,823,033	f.8,925,767
			K5,811,595	Z5,407,792
Reserves of3 months Dcsignatcd horticultural	fund		55,811,595 f.1,984,595 KO	f,5,407,792 C2,090,000 K7,970
Designated buihling fund			X3,800,000	f.3,267,822
Cilplt'll cxpctlditul c			f.27,000	I.'42,000
Funds availablc for charitable		purposes	S,O	S,O

				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	fund	funds	funds
	Notes
INCOME AND ENDOWMENTS FROM Charitable activities	4	8,649,659	28,055	8,677,714	8,647,508
Investment income Other income	5	79,650 2,300		79,650 2,300	136,340 636,548
Total		8,731,609	28,055	8,759,664	9,420,396
EXPENDITURE ON
Charitable activities Operations ofthc school Training and workshops		7,679,374 686,847	28,000	7,707,374 686,847	7,248, 164 546,118
Total		8,366,221	28,000	8,394,221	7,794,282
Net gains/(losses) on invcstmcnts		(64,374)		(64,374)	104,365
NET INCOIVIE		301,014	55	301,069	1,730,479
RECONCILIATION OF FUNDS Total funds brought fonvard		14,333,479	80	14,333,559	12,603,080
TOTAL FUNDS CARRIED FORWARD		14,634,493	135	14,634,628	14,333,559

		2023	2022
	Notes
FIXEDASSETS
Tangible assets Investments	12 13	7,387,472 1,435,561	7,425,832 1,499,935
		8,823,033	8,925,767
CURRENT ASSETS
Debtors Investments Cash at bank and in hand	14 15	1,999,945 505,003 5,773,315	1,960,305 504,984 5,315,209
		8,278,263	7,780,498
CREDITORS
Amounts falling due within one year	16	(2,466,668)	(2,372,706)
NET CURRENT ASSETS		5,811,595	5,407,792
TOTAL ASSETSLESSCURRENT
LIABILITIES		14,634,628	14,333,559
NET ASSETS		14,634,628	14,333,559
FUNDS	19
Unrestricted funds Restricted funds		14,634,493 135	14,333,479 80
TOTAL FUNDS		14,634,628	14,333,559

		2023	2022
	Notes
Cash flows from operating activities Cash gencratcd from operations		657,084	937,992
Nct cash provided by operating activities		657,084	937,992
Cash flows from investing activities Purchase oftangible fixed assets Sale oftangible fixed assets Current asset investment movcmcnt Interest received		(224,179) 2,300 (19) 22,920	(302,182) 1,048,470 (19) 9,594
Nct cash (used in)/provided by investing	activities	(198,978)	755,863
Change in cash and cash equivalents thc reporting period	in	458,106	1,693,855
Cash and cash equivalents at the beginning ofthe reporting period		5,315,209	3,621,354
Cash and cash equivalents at the end thc reporting period	of	5,773,315	5,315,209

		2023	2022
Net income for the reporting	period (as per the Statement ofFinancial
Activities) Adjustments for-.		301 069	1,730,479
Dcprcciation charges Losses/(gain) on investments Profit on disposal offixed assets Interest received Increase in debtors Increase/(decrease) in creditors		262,539 64,374 (2,300) (22,920) (39,640) 93,962	266,970 (104,365) (635,493) (9,594) (125,210) (184,795)
Net cash provided by operations		657,084	937992
ANALYSIS OF CHANGES	IN NFT FUNDS
	Ai 1.4.22	Cash flow	At 31.3.23
Net cash
Cash at bank and in hand	5,315,209	458,106	5,773,315
	5,315,209	458,106	5,773,315
Liquid resources
Deposits included in cash
Current asset invcstmcnts	504,984	19	505,003
	504,984	19	505,003
Total	5,820,193	458,125	6,278,318

Income analyscd by class ofbusiness:	2023	2022
Chari table activi ties
Operations ofthe School Training and workshops Donations	7,917,127 726,251	7,828,650 740,715
Investment inconle CIain on sale oftangible fixed assets	34,336 79,650 2,300	78,143 136,340 636,548
	8,759,664	9,420,396

INVES	TMENT INCOAIE
			2023	2022
Rents received
Deposit	account interest		56,730 22,920	126,746 9,594
			79,650	136,340
CHARITABLE ACTIVITIES COSTS
			Support
		Direct	costs (see
		Costs	note 7)	Totals
Operations ofthc school Training and workshops		7,514,605 686,847	192,769	7,707,374 686,847
		8,201,452	192,769	8,394,22 1

SUPPORT COSTS
		Governance
Finance	Other	costs	Totals
Operations ofthe school 12,927	95,497	84,345	192,769
NET INCOME/(EXPENDITURE)
Net income/(cxpcnditurc) is stated after charging/(crediting):
		2023	2022
Auditors' rcmuncration		19,458	21,156
Depreciation - owned assets Hire ofplant and machinery Other operating lcascs Surplus on disposal offixed assets		262,539 227,239 12,927 (2,300)	266,970 206,210 13,009 (636,548 )

		2023	2022
V'ages Social Other	and salaries security costs pension costs	5,852,493 370,624 219,264	5,309,654 377,949 221,246
		6,442,381	5,908,849

			2023	2022
School			145	159
Training	and	workshops	8	8
			153	167

The number ofemployees	employer pension costs) exceeded	f60,000v'as:
	2023	2022
660,001 - 670,000	1	1
K70,001 - 680,000	1	1

Pension contributions	of$29,816(2022; 524,615)werc made	of$29,816(2022; 524,615)werc made	in rcspcct ofthe above	employees.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrcstrictcd	Rcstrictcd	Total
			funds	fund	funds
INCOME AND ENDOWMENTS		FROM
Charitable activities			8,601,953	45,555	8,647,508
lnvcstmcnt income Other income			136,340 636,548		136,340 636,548
Total			9,374,841	45,555	9,420,396
EXPENDITURE ON
Charitable activities
Operations ofthe school Training and workshops			7,202,664 546,118	45,500	7,248,164 546,118
Total			7,748,782	45,500	7,794,282
Nct gains on invcstmcnts			104,365		104,365
NET INCOME			1,.730,424	55	1,730,479
RECONCILIATION	OF FUNDS
Total funds brought forward			12,603,055	25	12,603,080
TOTAL FUNDS CARRIED FORWARD			14,333,479	80	14,333,559

TANGIBLE FIXEDASSET	S
		Assets in
		the
		course of	Fixtures
	Freehold	constr	and	Motor
	property	uction	fittings	vehicles	Totals
COST
At 1st April 2022 Additions	9,811,529 12,955	38,955 159,960	192,298 19,905	187,023 31,359	10,229,805 224,179
Disposals				(17,958)	(17,958)
At 31stMarch 2023	9,824,484	198915	212,203	200,424	10,436,026
DEPRECIATION
At 1st April 2022 Charge for year Eliminated on disposal	2,493,571 234,742		169,870 10,948	140,532 16,849 (17,958)	2,803,973 262,539 (17,958)
At 31stMarch 2023	2,728,313		180,818	139,423	3,048,554
NET BOOK VALUE
At 31st March 2023	7,096, 171	198,915	31,385	61,001	7,387,472
At 31st March 2022	7,317,958	38,955	22,428	46,491	7,425,832
FIXEDASSET INVESTMENTS
					Listed
					investments
NIARKET VALUE
At 1stApri!2022 Gain/(loss) on invcstmcnt					1,499,935 (64,374)
At 31stMarch 2023					1,435,561
NET BOOK VALUE
At 31st March 2023					1,435,561
At 31st March 2022					1 499935

DEBTORS:	AMOUNTS FALI.ING DUE WITHIN ONE	YEAR
		2023	2022
Trade debtors Other debtors		1,858,314 20,636	1,821,385 10,493
Prepayments	and accrued income	120,995	128,427
		1,999,945	1,960,305
CURRENT ASSET INVESTMENTS
		2023	2022
Unlisted invcstmcnts		505,003	504,984

CREDITORS: AMO	UNTS FALI.ING DUE WITHIN	ONE YEAR
		2023	2022
Trade creditors Other creditors Accruals and deferred	income	270,632 62,644 2,133,392	153,977 92,301 2,126,428
		2,466,668	2,372,706

			2023	2022
9'ithin one year Hctwccn onc and tlvc years			15,751 20,186	6,556 15,721
			35937	22,277
ANALYSIS OF NET ASSETS BETWEEN FUNDS
			2023	2022
	Unrestricted	Restricted	Iotal	Total
	funds	hind	funds	tunds
Fixed assets Investments Current assets ( ulTent lI&lbl1Ities	7,387,472 1,435,561 8,278,128 (2,466,668)	135	7,387,472 1,435,561 8,278,263 (2,466,668)	7,425,832 1,499,935 7,780,498 (2,372,706)
	14,634,493	135	14,634,628	14,333,559

MOVEMENT	IN FUNDS
				Nct	Transfers
				movement	between	At
			At 1.4.22	in funds	funds	31.3.23
Unrestricted	funds
General fund			11,063,167	853,117	(1,081,791 )	10,834,493
Designated fund - Building dcvclopmcnt fund 3,262,342				(552,103)	1,089,761	3,800,000
Designated fund - Horticultural fund		project 7,970			(7,970)
			14,333,479	301,014		14,634,493
Restricted funds
Zambia fund			80	55		135
TOTAL FUNDS			14,333,559	301,069		14,634,628
Nct movcmcnt	in funds, included		in the above are as follows:
			Incoming	Rcsourccs	Gains and	Movcn1cnt
			resources	expended	losses	in funds
					f.
Unrestricted	funds
Gcncral fund			8,731,609	(7,814,118 )	(64,374)	853,117
Dcsignatcd fund - Building dcvclopmcnt ftu1d				(552,103)		(552,103)
			8,731,609	(8,366,221 )	(64,374)	301,014
Restricted funds
Zambia fund			28,055	(28,000)		55
TOTAL FUNDS			8,759,.664	(8,394,221)	(64,374)	301,069

						Net	Transfers
						movcmcnt	between	At
					At 1.4.21	in funds	funds	31.3.22
							f.
Unrestricted			funds
General fund Designated fund - Building development					11,063,167	1,738,615	(1,738,615)	11,063,167
fund Designated			fund - Horticultural	project	1,523,727		1,738,615	3,262,342
fund					16,161	(8,191)		7,970
Restricted		funds			12,603,055	1,730,424		14,333,479
Zambia	fund					55		80
TOTAL	FUNDS				12,603,080	1,730,479		14,333,559

				Incoming	Rcsourccs	Gains and	Movcmcnt
				I'csouI'ccs	cxpcndcd	losses	in funds
				f.
Unrestricted		funds
General fund Designated fund - Holticultural			project	9,374,841	(7,740,591)	104,365	1,738,615
fund					(8,191)		(8,191)
Restricted funds				9,374,841	(7,748,782)	104,365	1,730,424
Zambia	fund			45,555	(45,500)		55
TOTAL	FUNDS			9,420,396	(7,794,282 )	104,365	1,730,479

							Net		Transfers	Transfers
							movctncnt		between		At
						At 1.4.21	in funds			funcis	31.3.23
Unrestricted		funds
General fund						11,063,167	2,591,732		(2,820,406 )		10,834,493
Designated fund	fund		-	Building	development 1,523,727		(552,103)		2,828,376		3,800,000
Designated fund	fund		—Horticultural			project 16,161	(8,191)			(7,970)
						12,603,055	2,03 1,438				14,634,493
Restricted	funds
Zambia fund						25	110				135
TOTAL FUNDS						12,603,080	2,031,548				14634 628
A current	year 12 months				and	prior year 12 months cotnbined	net movement	in	funds,	included	in the above	a
as follows:
						Incoming	Rcsourccs		Gains and		Movcmcnt
						resources	expended			losses	in funds
										f.
Unrestricted		funds
General fund						18,106,450	(15,554,709)			39,991	2,591,732
Designated fund		fund		—Building	dcvelopmcnt		(552,103)				(552,103)
Designated fund		fund		- Horticultural		project	(8,191)				(8,191)
						18,106,450	(16,115,003 )			39,991	2,031,438
Restricted		funds
Zambia fund						73,610	(73,500)				110
TOTAL FUNDS						18,180,060	(16,188,503 )			39,991	2,031,548

			2023	2022
			f.
INCOIVIE AND ENDOWM		ENTS
Charitable activities
Operations ofthc School Training and workshops Donations			7,917,127 726,251 34,336	7,828,650 740,715 78,143
			8,677,714	8,647,508
Investment income
Rents reccivcd Deposit account interest			56,730 22,920	126,746 9,594
			79,650	136,340
Other income
Gain on saic oftangible	fixed	assets	2,300	636,548
Total incoming resources			8,759,664	9,420,396
EXPENDITURE
Charitable activities
Wages Social security Pensions Catering Rates and water Insurance Light and heat Tclcphonc Postage and stationcty Advertisin Sundries Cleaning Repairs and rcncwals Subscriptions Travel and subsistcncc Stafftraining Rccruitmcnt Bank charges Computer costs Clothing Rcsourccs Motor cxpcnscs Dcprcciation offrcchold property Depreciation ofimprovements to property Carried forward			5,852,493 370,624 219,264 227,239 26,938 73,435 147,551 39,683 38,058 34,455 109,351 174,252 206,742 8,237 19,572 44,210 66,115 1,879 153,580 10,058 80,780 34,397 161,777 72,965 8,173,655	5,309,654 377,949 221,246 206,210 17,142 66,175 134,262 35,789 45,117 18,979 91,865 123,339 276,505 10,909 13,858 44,868 57,050 1,805 169,935 10,896 80,796 23,939 169,221 68,362 7.575,871

			2023	2022
Charitable activities
Brought foAvard Depreciation offixtures A f&ttings Depreciation ofmotor vehicles Depreciation ofcomputer cquipmcnt			8,173,655 2,331 16,849 8,617	7,575,871 4,754 14,451 10,182
			8,201,452	7,605,258
Support costs
Finance
Other operating leases			12,927	13,009
Other
Consultancy Staff benefits			45,962 49,535	41,296 36,695
			95,497	77,991
Governance costs
Auditors' remuneration Legal fees			19,458 64,887	21,156 76,868
			84,345	98,024
Total rcsourccs expended			8,394,221	7,794,282
Net income before gains and losses			365,443	1,626,114
Realised rccogniscd gains		and losses
Realised gains/(losses)	on fixed asset invcstmcnts		(64,374)	104,365
Net income			301,069	1,730,479