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Combined Income and Expenditure Forecast and Budget Summary |
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INCOME SUMMARY |
2022/23 Original Budget |
2022/23 Final Budget |
2022/23 Outturn |
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CORE INCOME |
£ |
£ |
£ |
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Licences & Forest Rate |
196,465 |
196,465 |
163,999 |
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Recharges from Countryside Stewardship programme |
202,683 |
123,815 |
171,546 |
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Unrestricted funding (WDC, AFT, T/PCs) |
78,100 |
292,056 |
245,111 |
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Income generation and Donations |
4,100 |
20,980 |
22,254 |
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Forest Products incl. Meat and Deer Carcasses |
23,980 |
16,600 |
31,615 |
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Visitors |
15,200 |
15,700 |
19,088 |
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Financial |
200 |
200 |
2,036 |
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Unrestricted Core Income |
520,728 |
665,816 |
655,649 |
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Other Restricted Core Funding/Grants (designated for a specific purpose) |
45,250 |
10,250 |
193,011 |
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TOTAL CORE INCOME |
565,978 |
676,066 |
848,660 |
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COUNTRYSIDE STEWARDSHIP INCOME |
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Grant funding for CS work programme |
496,162 |
496,162 |
617,999 |
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Income from changes to land pocket valuations |
97,757 |
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- |
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- |
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Total CS Income |
593,919 |
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- |
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- |
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TOTAL CORE AND COUNTRYSIDE STEWARDSHIP INCOME |
1,159,897 |
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1,172,228 |
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1,466,659 |
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EXPENDITURE SUMMARY |
2022/23 Original Budget |
2022/23 Current Budget |
2022/23 Outturn |
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CORE EXPENDITURE |
£ |
£ |
£ |
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Core Forest Staff Costs |
389,702 |
389,702 |
385,649 |
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Operational expenses |
137,691 |
241,638 |
238,675 |
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Administration Overheads |
98,305 |
98,305 |
107,905 |
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Financial |
18,160 |
18,160 |
10,841 |
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Visitors |
6,300 |
6,300 |
4,255 |
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Expenditure from Ringfenced Funding (primarily education prog) |
5,000 |
5,000 |
87,414 |
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Governance/Charity set up |
- |
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- |
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733 |
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Core capital expenditure |
33,800 |
33,800 |
96,049 |
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TOTAL CORE EXPENDITURE |
688,958 |
792,905 |
931,521 |
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COUNTRYSIDE STEWARDSHIP EXPENDITURE |
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Countryside Stewardship Work Programme Project Expenditure |
252,215 |
252,215 |
329,350 |
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Staff Costs |
231,947 |
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231,947 |
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281,059 |
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TOTAL COUNTRYSIDE STEWARDSHIP EXPENDITURE |
484,162 |
484,162 |
610,409 |
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TOTAL CORE AND COUNTRYSIDE STEWARDSHIP EXPENDITURE |
1,173,120 |
1,277,067 |
1,541,930 |
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SURPLUS OF INCOME OVER EXPENDITURE |
(13,223) |
(104,839) |
(75,271) |
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Note: Allocation of surplus |
£ |
£ |
£ |
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Surplus / (Deficit) attributable to Core Budget |
(122,980) |
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(116,839) |
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(82,861) |
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Surplus / (Deficit) attributable to Countryside Stewardship |
109,757 |
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12,000 |
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7,590 |
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(13,223) |
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(104,839) |
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(75,271) |
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Movement in Reserve Balances |
Core £ |
HLS* £ |
CS £ |
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Reserves at 01/04/2022 |
346,411 |
223,304 |
418,991 |
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Movement in year |
(82,861) |
- |
7,590 |
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Reserve balance at 31/03/2023 |
263,580 |
223,304 |
426,581 |
* The Higher Level Stewardship (HLS) programme ceased in 2016 the balance of funds will be spent in the spirit of the original agreement under the guidance of Natural England