##
##
##
|Tt|||||||
|---|---|---|---|---|---|---|
|rusees|||Mr W Twiddy||||
||||Mr N Way OBE||||
||||Mrs V Bradshaw||||
||||Mrs SCongdon||||
||||Mr A Preston||||
||||N Bowles||||
||||Mrs C Hazard Goedhart||||
||||Miss PScott|Reeve|(Appointed|8June 2020)|
||||Dr Huw David||(Appointed|3 February|
||||||2020)||
|Charity number|||1003839||||
|Company|number||02627034||||
|Registered||offic|Sulgrave
Manor||||
||||Manor Road||||
||||Sulgrave||||
||||Banbury||||
||||Oxfordshire||||
||||OX172SD||||
|Independent||examiner|David Stevens BAFCA||||
||||Ellacotts LLP||||
||||Countrywide|House|||
||||23 West Bar||||
||||Banbury||||
||||Oxfordshire||||
||||England||||
||||OX169SA||||
|Bankers|||Barclays Bank Pic||||
||||32 Bridge Street||||
||||Banbury||||
||||Oxon||||
||||OX16 5PN||||
##
##
||||Page|
|---|---|---|---|
|Trustees
report|||1-3|
|Independent
examiner's||report||
|Statement
offinancial|activities||5-6|
|Balance sheet|||7-8|
|Notes to the financial|statements||10-25|
#
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Current financial year|||||||As Restated|
|---|---|---|---|---|---|---|---|
||||Unrestricted|Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|||
||||General|Fixed Asset||||
|||||Fund||||
|income from:||Notes|2020
f|2020|2020|2020
6|2019|
|Donations
and legacies
Other trading
activities
Investments||2
3
4|242,676
1,740
14,330||390,827|633,503
1,740
14,330|460,950
12,756
13,109|
|Total income|||258,746||390,827|649,573|486,815|
|~ddtt||||||||
|Raising funds||5|5,102|||5,102|28,226|
|Charitable
activities||6|173,524|4,354|336,161|514,039|678,195|
|Total resources expended|||178,626|4,354|336,161|519,141|706,421|
|Net gains/(losses)
on investments||11||475,000||475,000|53,247|
|Net income/(expenditure)|forthe|year/||||||
|Net movement
in funds|||80,120|470,646|54,666|605,432|(166,359)|
|Fund balances at 1 January|2020||(5,918)|1,126,467|56,024|1,176,573|1,342,932|
|Fund balances at 31 December||||||||
|2020|||74,202|1,597,113|110,690|1,782,005|1,176,573|
##
##
|Prior financial|year|||||As Restated||As Restated|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Unrestricted|Restricted|Total|
||||||funds|funds|funds||
||||||general|Fixed Asset|||
|||||||Fund|||
||||||2019|2019|2019|2019|
|Income from:||||Notes|||6||
|Donations
and legacies
Other trading
activities
Investments|||||178,199
12,756
13,109||282,751|460,950
12,756
13,109|
|Total income|||||204,064||282,751|486,815|
|E~Ch|||||||||
|Raising funds||||5|28,226|||28,226|
|Charitable
activities||||6|199,593|8,541|470,061|678,195|
|Total resources expended|||||227,819|8,541|470,061|706,421|
|Net gains/(losses)
on investments||||||53,247||53,247|
|Gross transfers
between
Net income/(expenditure)||funds
for the year/|||(16,592)|4,096|12,496||
|Net movement|in funds||||(40,347)|48,802|(174,814)|(166,359)|
|Fund balances at 1 January|||2019||34,429|1,077,665|230,838|1,342,932|
|Fund balances|at 31 December 2019||||(5,918)|1,126,467|56,024|1,176,573|
##
##
##
|||||||2020|2019|
|---|---|---|---|---|---|---|---|
||||||||as restated|
|||||Notes|||6|
|Fixed assets||||||||
|Tangible assets
Investment
properties
Investments||||12
14
15||7,111
1,590,000
2|11,465
1,115,000
2|
|||||||1,597,113|1,126,467|
|Current assets||||||||
|Stocks
Debtors
Cash at bank and|in|hand||16
17|5,573
56,506
218,497||5,182
165,870
84,350|
|Creditors: amounts||falling due within|||280,576||255,402|
|one year||||18|(95,684)||(205,296)|
|Net current assets||||||184,892|50,106|
|Total assets less|current||liabilities|||1,782,005|1,176,573|
|Income funds||||||||
|Restricted
funds
Unrest icted funds
Unrestricted
funds|-
-|Fixed Asset Fund
eneral||19
20||110,690
1,597,113|56,024
1,126,467|
|Designated
funds
General
unrestricted||funds||21|10,416
63,786||10,416
(16,334)|
|||||||74,202|(5,918)|
|||||||1,782,005|1,176,573|
##
##
##
##
||||Notes|2020
f||2019||
|---|---|---|---|---|---|---|---|
|Cash flows from operating||activities||||||
|Cash generated
from/(absorbed
by)
operations|||25||119,817||(189,931)|
|Investing
activities||||||||
|Purchase oftangible
fixed
Interest
& rent received|assets|||14,330||(4,096)
13,109||
|Net cash generated
from
activities|investing||||14,330||9,013|
|Net cash used in financing||activities||||||
|Net increase/(decrease)|in|cash and|cash|||||
|equivalents|||||134,147||(180,918)|
|Cash and cash equivalents|at beginning||ofyear||84,350||265,268|
|Cash and cash equivalents||at end of|year||218,497||84,350|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||||
|---|---|---|---|---|---|---|
|Donations
and legacies||||||(Continued)|
|Donations
and gifts|||||||
|NSCDA
Friends ofSulgrave|20,321||20,321|23,062|100|23,162|
|Manor
Donation
from subsidiary
Other UK Donations
Other|118,223
23,231
810
25,910|333,047
100|451,270
23,231
910
25,910|76,202
30,994
5,414|246 051|322 253
30,994
5,414|
||188,495|333,147|521,642|135,672|246,151|381,823|
|Grants receivable for|||||||
|core activities|||||||
|Other|48,634|57,680|106,314|1,000|36,600|37,600|
||48,634|57,680|106,314|1,000|36,600|37,600|
|Other trading activities|||||||
|||||Unrestricted||Unrestricted|
||||||funds|funds|
||||||general|general|
||||||2020
6|2019f|
|Shop income
Catering
income
Gardens|||||1,740|5,270
7,132|
|||||||354|
|Other trading
activities|||||1,740|12,756|
##
##
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||general|general|
|||2020|2019|
||||6|
|Rental
Interest|income
receivable|14,273
57|12,739
370|
|||14,330|13,109|
##
##
##
|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
|||||funds|funds|
|||||general|general|
|||||2020|2019|
|||||8||
|Fun|raisin|and|ublicit|||
|Advertising
Other fundraising|||costs|1,468
3,634|871
27,355|
|Fundraising||and|publicity|5,102|28,226|
|||||5,102|28,226|
##
|||||Preservatio|Preservatio|
|---|---|---|---|---|---|
|||||n ofthe|n ofthe|
|||||historic|historic|
|||||manor|manor|
|||||2020|2019|
||||||8|
||Property
repairs and maintenance
Legal and professional
fees|||15,677
229,338|166,487
182,917|
|||||245,015|349,404|
||Share ofsupport costs (see note 8)
Share ofgovernance
costs (see note 8)|||250,608
18,416|309,878
18,913|
|||||514,039|678,195|
||Analysis
by fund|||||
||Unrestricted
funds - General
Unrestricted
funds - Fixed Asset Fund
Restricted funds|||173,524
4,354
336,161|199,593
8,541
470,061|
|||||514,039|678,195|
|7|Net movement
in funds|||2020f|2019|
||Net movement
in funds|is stated|after charging/(crediting)|||
||Depreciation
ofowned|tangible|fixed assets|4,354|8,540|
##
##
|Support costs|||||||
|---|---|---|---|---|---|---|
||Support
costs|Governance
costs|2020|Support
costs|Governance
costs|2019|
|||||f|f||
|Staff costs
Depreciation
Rates and water
insurance
Light and heat
Telephone
Printing
and stationery
Sundry expenses
Staff travel &|143,236
4,354
11,327
19,873
11,904
1,858
22
808||143,236
4,354
11,327
19,873
11,904
1,858
22
808|168,244
8,540
9,614
16,811
15,211
3,306
732
1,150||168,244
8,540
9,614
16,811
15,211
3,306
732
1,150|
|development
Computer costs
irrecoverable
VAT
Bank charges|154
2,621
54,011
440||154
2,621
54,011
440|2,305
5,870
77,366
729||2,305
5,870
77,366
729|
|Accountancy||18,416|18,416||18,913|18,913|
||250,608|18,416|269,024|309,878|18,913|328,791|
|Analysed
between|||||||
|Charitable
activities|250,608|18,416|269,024|309,878|18,913|328,791|
##
##
##
##
##
|Number ofemployees
The average
monthly
number
ofemployees
during|the year was:||
|---|---|---|
||2020|2019|
||Number|Number|
||13|14|
|Employment
costs|2020|2019|
||E||
|Wages and salaries
Social security costs
Other pension costs|135,451
5,412
2,373|157,550
8,165
2,529|
||143,236|168,244|
##
|Net gains((|los|ses)
on in|vestments|||
|---|---|---|---|---|---|
||||||As Restated|
|||||Unrestricted|Unrestricted|
|||||funds|funds|
|||||Fixed Asset|Fixed Asset|
|||||Fund|Fund|
|||||2020|2019|
||||||5|
|Revaluation|of|investment|properties|475,000|53,247|
##
##
##
##
##
|Tangible Axed assets|||||
|---|---|---|---|---|
|||Plant and|Fixtures and|Total|
|||equipment|fittings||
|Cost|||||
|At 1 January 2020||114,412|117,650|232,062|
|At 31 December 2020||114,412|117,650|232,062|
|Depreciation
and impairment|||||
|At
1 January 2020
Depreciation
charged|in the year|113,672
138|106,925
4,216|220,597
4,354|
|At 31 December 2020||113,810|111,141|224,951|
|Carrying
amount|||||
|At 31 December 2020||602|6,509|7,111|
|At 31 December 2019||740|10,725|11,465|
|Heritage assets|||||
##
|Investment
property|||
|---|---|---|
|||2020|
|Fair value||na|
|At 1 January 2020 -As Restated
Net gains or losses through
fair value adjustments||1,115,000
475,000|
|At 31 December 2020|||
|||1,590,000|
##
##
|14|investment
property||(Continued)|
|---|---|---|---|
|||2020|2019|
|||6|6|
||Freehold
Longleasehold|1,590,000|1,115,000|
||Shortleasehold|||
|15|Fixed asset investments|||
||||Other|
||||investments|
||Cost or valuation|||
||At 1 January 2020 &31 December 2020|||
||Carrying
amount|||
||At 31 December 2020|||
||At 31 December 2019|||
||Other investments
comprise:|Other investments
comprise:|Notes|2020
6|2019
6|
|---|---|---|---|---|---|
||investments|in subsidiaries|24|||
|16|Stocks|||||
|||||2020|2019|
||||||6|
||Finished goods and goods for resale|||5,573|5,182|
|17|Debtors|||||
||Amounts
falling due within one year:|||2020
6|2019
6|
||Trade debtors
Other debtors|||10,793|33,329|
||Prepayments|and accrued income||45,713|108
132,433|
|||||56,506|165,870|
##
##
|18|Creditors: amounts
falling due within one year|||
|---|---|---|---|
|||2020|2019|
|||6||
||Other taxation
and social security
Trade creditors
Amounts
owed to subsidiary
undertakings
Other creditors
Accruals and deferred
income|1,650
24,859
59,614
430
9,131|2,887
141,131
53,134
713
7,431|
|||95,684|205,296|
##
##
|The income funds|ofthe chanty indude|ofthe chanty indude|restricted|funds comprising
the|following
unexpended
balances|following
unexpended
balances|cfdonations|cfdonations|cfdonations|and grants|held on Wst for spemfic|held on Wst for spemfic|purposes:|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||6 ls
at
1J nusnr2010|Movement
in funds
incoming
Rc*c rcc
n
Ufcc
*fm d 4||T|cf r|a
1J nv|lane
l
ry 2020|Movement
Inccmi 0
rce Urcc|In funds
R
0
p seed|Ssl
0
t
31 O cc ee|
||||||||||||f|f|2020
8|
|Flnnis Scott Garden
Friends CED Fund
Manor Restoration
Kiln Yard
Sendford Award
GVV Exhibition
NLHF Emergency
Fund||||13,781
9,383
187213
29,275
1,743
9,443|38,062
207,999
36,700|(13,781)
(37,692)
(386,715)
(430)
(14)
(31.429)||12.496||9.743
993
28,845
1.729
14.714|37,944
242,168
66.433|(37,587)
(251,490)
(47,084)|10.100
(8,331)
28,845
1,729
34,063|
|Business Development||Ofhcer|||||||||22,400||22,400|
||||||||||||21,884||21,884|
|||||230,838|282,751|(470,061)|12,496|||56,024|390.827|(336,161)|110,890|
##
|||||||THE S|THE S|THE S|THE S|THE S|ULGRAVE MANOR TRUST|ULGRAVE MANOR TRUST|ULGRAVE MANOR TRUST|ULGRAVE MANOR TRUST|ULGRAVE MANOR TRUST|ULGRAVE MANOR TRUST||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||NOTES TO THE|||||FINANCIAL STATEMENTS (CONTINUED)|||||||||||
|||||||||FOR THE YEAR ENDED||||31|DECEMBER||2020|||||||
|19|Restricted funds|||||||||||||||||||||
|||||||||||||||||||||(Continued)||
||Finnis Scott Garden|||||||||||||||||||||
||A grant was received||from the Finnis Scott Charity restricted||||||to specific garden proiects
external||||in 2013.|||||||||
||Fnends CEO Fund|||||||||||||||||||||
||This fund was founded||with monies donated||||by The Friends||ofSulgrave
Manor to|||support the salary of|||the CEO|for three years.||||||
||Manor Restoration|||||||||||||||||||||
||This fund was formed||in|relation|to manor works|||consisting|of||and Internal|works to the Manor.||||||||||
||Kiln Yard|||||||||||||||||||||
||This fund was formed||to|enable|the development|||of Kiln Yard.||||||||||||||
||Sandford
Award|||||||||||||||||||||
||Agrant was received|in order to|||develop|informal||teaming resources.||||||||||||||
||GW Exhibition|||||||||||||||||||||
||This fund was formed||to|develop|a dedicated||George Washington||||Exhibition|||||||||||
||Ht HF Emergency
Fund|||||||||||||||||||||
||This fund was formed
new ways.||usirig grant funding|||to enable site openirig|||||despite COVtO|restrictions||and to assist with||developing|methods|of engaging|with audierices||in|
||Business Oevelopment|||Officer||||||||||||||||||
||This fund was formed
ongomg operations
of|using grant
the trust.|||funding|to aflow the trust to||||employ a BOO fo carry cut an endcwmeni|||||building|campaign|to secure|funds ofwhich||will support|the|
##
##
##
|||1|Balance at
January 2019|Resources
expended|Revaluations,
gains snd1
losses|Balance at
January
2020
-As Restated||Resources
expended|Revaluations,
gains and
losses|Balance at
31 December
2020|
|---|---|---|---|---|---|---|---|---|---|---|
||||||-As Restated||||||
|||f|f|f|f||f||||
|Fixed|Asset||||||||||
|Fund|||1,077,665|(8,541)|53,247|1,126,467||(4,354)|475,000|1,597,113|
##
##
||||||||Movement||
|---|---|---|---|---|---|---|---|---|
||||||||in funds||
||||1|Balance at
January 2019|Transfers
1|Balance at
January 2020|Incoming
resources|Balance at
31 December|
|||||||||2020|
|Lenfest|Building|Fund||22,912|(12,496)|10,416||10,416|
|||||22,912|(12,496)|10,416||10,416|
##
##
|22|Analysis ofnet assets between|funds|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Fixed Asset
Funds|Restricted|Total|Unrestricted|Fixed Asset
Funds|Restncted|Total - As
Restated|
|||||||||-As|||
|||||||||Restated|||
||Fund balances at 31December 2D20 are||2020|2020
8|2020
8|2020
8|2019
6|2019
6|2019
2|2019|
||represented
by:||||||||||
||Tangible assets
investment
properties
investments
Current
assets/(liabilities)|||7,111
1,590,000
2
7.113|110,69D|7,111
1.590.000
2
184,892|(5.918)|11,465
1.115,000
2|56,024|11,465
1,115,DDD
2
50,106|
||||67,089|1,604,226|110,690|1,782,005|(5918)|1,126,467|56,024|1,176,573|
##
##
##
##
|Name ofundertaking||Registered|Registered||Nature of|business|business|business||Class of|Class of|% Held|% Held|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||office||||||||shares|held|Direct|Indirect|
|Sulgrave
Manor Trading||Sulgrave|Manor, Management||||of|Courtyard|8|Ordinary||100.00||
|Company
Ltd||Sulgrave,|||Hall ofSulgrave|||Manor||||||
|||Banbury,||||||||||||
|||Oxfordshire,||||||||||||
|||OX172SD||||||||||||
|Cash generated
from|operations||||||||||2020f||2019
f|
|Surplus/(deficit)
for the|year|||||||||605,432|||(166,359)|
|Adjustments
for:||||||||||||||
|Investment
income recognised
in statement|||||offinancial|activities|||||(14,330)||(13,109)|
|Fair value gains and losses||on investment|||properties|||||(475,000)|||(53,247)|
|Depreciation
and impairment||oftangible||fixed assets|||||||4,354||8,540|
|Movements
in working|capital:|||||||||||||
|(Increase)
in stocks|||||||||||(391)||(5,182)|
|Decrease/(increase)
in|debtors|||||||||109,364|||(165,870)|
|(Decrease)/increase
in|creditors|||||||||(109,612)|||205,296|
|Cash generated
from/(absorbed
by)|||operations||||||||119,817||(189,931)|
##
##
##
##
|Changes to the balance sheet||||
|---|---|---|---|
||At 31|December 2019||
||As previously|Adlustment|As restated|
|Fixed assets|reportedf||8|
|Investment
properties|2,365,000|(1,250,000)|1,115,000|
|Capital funds||||
|Income funds||||
|Restricted funds
Fixed Asset Fund
Unrestricted
funds|56,024
2,376,467
(5,918)|(1,250,000)
-|56,024
1,126,467
(5,918)|
|Total equity|2,426,573|(1,250,000)|1,176,573|
|Changes to the profit and loss account||||
||Period ended 31December||2019|
||As previously|Adjustment|As restated|
||reportedf||f|
|Net gains on investments|1,303,247|(1,250,000)|53,247|
|Net movement
in funds|1,083,641|(1,250,000)|(166,359)|