| Trustees | ||||
|---|---|---|---|---|
| Mr W Twiddy | ||||
| MrN Way OBE | ||||
| Mrs SCongdon | ||||
| MrA Preston | ||||
| N Bowles | ||||
| Mrs C Hazard Goedhart | ||||
| Miss P Scott Reeve | ||||
| Dr Huw David | ||||
| Miss C Jestin | (Appointed „2021) |
19October | ||
| Charity number | 1003839 | |||
| Company | number | 02627034 | ||
| Registered | office | Sulgrave Manor |
||
| Manor Road | ||||
| Sulgrave | ||||
| Banbury | ||||
| Oxfordshire | ||||
| OX172SD | ||||
| independent | examiner | David Stevens BAFCA | ||
| Ellacotts LLP | ||||
| Countrywide House |
||||
| Banbury | ||||
| Oxfordshire | ||||
| England | ||||
| OX16 9SA | ||||
| Bankers | Barclays Bank Pic | |||
| 32 Bridge Street | ||||
| Banbury | ||||
| Oxon | ||||
| OX16 5PN |
| Page | ||||
|---|---|---|---|---|
| Trustees report |
1-3 | |||
| Independent | examiner's | report | ||
| Statement of | financial | activities | 5-6 | |
| Balance sheet | 7-8 | |||
| Notes to the financial | statements | 10-25 |
| Current financial year | Current financial year | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | ||||||
| general | Fixed Asset | |||||||
| Fund | ||||||||
| Notes | 2021 6 |
2021 f |
2021 6 |
2021f | 2020 | |||
| (gcoop~rom: | ||||||||
| Donations and legacies Other trading activities Investments |
2 3 4 |
152,582 9,158 14,481 |
163,715 | 316,297 9,158 14,481 |
633,503 1,740 14,330 |
|||
| Total income | 176,221 | 163,715 | 339,936 | 649,573 | ||||
| Raising funds | 5 | 14,245 | 14,245 | 5,102 | ||||
| Charitable activities |
6 | 221,424 | 4,254 | 221,740 | 447,418 | 514,039 | ||
| Total resources expended | 235,669 | 4,254 | 221,740 | 461,663 | 519,141 | |||
| Net gains/(losses) on investments |
11 | 442,000 | 442,000 | 475,000 | ||||
| Net (expenditure)/income | for the year/ | |||||||
| Net movement | in funds | (59,448) | 437,746 | (58,025) | 320,273 | 605,432 | ||
| Fund balances | at 1 January | 2021 | 74,202 | 1,597,113 | 110,690 | 1,782,005 | 1,176,573 | |
| Fund balances | at 31 December 2021 | 14,754 | 2,034,859 | 52,665 | 2,102,278 | 1,782,005 |
| Prior financial year | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | Restricted | Total | |||
| funds | funds | funds | ||||
| general | Fixed Asset | |||||
| Fund | ||||||
| ~lh | Notes | 2020 6 |
2020 6 |
2020 6 |
2020 6 |
|
| Donations and legacies Other trading activities Investments |
242,676 1,740 14,330 |
390,827 | 633,503 1,740 14,330 |
|||
| Total income | 258,746 | 390,827 | 649,573 | |||
| ~x~iitmJ)0' | ||||||
| Raising funds | 5,102 | 5,102 | ||||
| Charitable activities |
6 | 173,524 | 4,354 | 336,161 | 514,039 | |
| Total resources expended | 178,626 | 4,354 | 336,161 | 519,141 | ||
| Net gains/(losses) on investments |
475,000 | 475,000 | ||||
| Net (expenditure)/income | for the year/ | |||||
| Net movement in funds |
80,120 | 470,646 | 54666 | 605432 | ||
| Fund balances at 1 January | 2020 | (5,918) | 1,126,467 | 56,024 | 1,176,573 | |
| Fund balances at 31 December 2020 | 74,202 | 1,597,113 | 110,690 | 1,782,005 |
| 2021 | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | 6 | 6 | |||||||
| Fixed assets | |||||||||
| Tangible assets Investment properties Investments |
12 14 15 |
14,122 2,032,000 2 |
7,111 1,590,000 2 |
||||||
| Current assets | 2,046,124 | 1,597,113 | |||||||
| Stocks Debtors Cash at bank end |
in | hand | 16 17 |
3,033 31,404 156,893 |
5,573 56,506 218,497 |
||||
| Creditors: amounts | falling due within | 191,330 | 280,576 | ||||||
| one year | 19 | (135,176) | (95,684) | ||||||
| Net current assets | 56,154 | 184,892 | |||||||
| Total assets less | current liabilities | 2,102,278 | 1,782,005 | ||||||
| Income funds | |||||||||
| Restricted funds Unrestricted funds Unrestricte fu ds |
—Fixed Asset Fund - eneral |
20 21 |
52,665 2,034,859 |
110,690 1,597,113 |
|||||
| Designated funds General unrestricted |
funds | 22 | 10,416 4,338 |
10,416 63,786 |
|||||
| 14,754 | 74,202 | ||||||||
| 2, | 102,278 | 1,782,005 |
| 2021 | 2020 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Notes | 6 | |||||||||
| Cash flows from operating | activities | |||||||||
| Cash (absorbed by)/generated |
from | 26 | ||||||||
| operations | (68,233) | 119,817 | ||||||||
| Investing activities |
||||||||||
| Purchase oftangible Investment income |
fixed assets received |
(11,265) 14,481 |
14,330 | |||||||
| Net cash generated activities |
from investing | 3,216 | 14,330 | |||||||
| Financing activities |
||||||||||
| Payment ofobligations under |
finance | |||||||||
| leases | 3,413 | |||||||||
| Net cash generated | from/(used | in) | ||||||||
| financing activities |
3,413 | |||||||||
| Net (decrease)/increase in cash |
and | cash | ||||||||
| equivalents | (61,604) | 134,147 | ||||||||
| Cash and cash equivalents at |
beginning | ofyear | 218,497 | 84,350 | ||||||
| Cash and cash equivalents at |
end of | year | 156,893 | 218,497 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| general | general | ||||||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||
| 6 | 6 | 6 | 6 | ||||
| Donations Grants Entrance |
and gifts fees |
107,866 25,471 19,245 |
88,572 75,143 |
196,438 100,614 19,245 |
188,495 48,634 5,547 |
333,147 57,680 |
521,642 106,314 5,547 |
| 152,582 | 163,715 | 316,297 | 242,676 | 390,827 | 633,503 | ||
| Donations and gifts |
|||||||
| N SODA Friends ofSulgrave |
15,772 | 15,772 | 20,321 | 20,321 | |||
| Manor Donation Other UK Other |
from subsidiary Donations |
55,693 35,083 1,177 141 |
88,572 | 144,265 35,083 1,177 141 |
118,223 23,231 810 25,910 |
333,047 100 |
451,270 23,231 910 25,910 |
| 107,866 | 88,572 | 196,438 | 188,495 | 333,147 | 521,642 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| general | general | |||
| 2021 | 2020 | |||
| 6 | 5 | |||
| Insurance claims Shop income |
2,446 578 |
|||
| Catering | income | 6,134 | 1,740 | |
| Other trading | activities | 9,158 | 1,740 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| general | general | |||
| 2021 | 2020 | |||
| 6 | 6 | |||
| Rental Interest |
income receivable |
14,475 6 |
14,273 57 |
|
| 14,481 | 14,330 | |||
| 5 | Raising | funds |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| general | general | |||
| 2021 | 2020 | |||
| 6 | 6 | |||
| undraisin | nd | bl'c | ||
| Advertising Other fundraising |
costs | 5,521 8,724 |
1,468 3,634 |
|
| Fundraising | and | publicity | 14,245 | 5,102 |
| 14,245 | 5,102 |
| Preservatio | Preservatio | ||||
|---|---|---|---|---|---|
| n ofthe | n ofthe | ||||
| historic | historic | ||||
| manor | manor | ||||
| 2021 | 2020 | ||||
| 6 | |||||
| Property repairs and maintenance Legal and professional fees |
19,553 146,919 |
15,677 229,338 |
|||
| 166472 | 245 015 | ||||
| Share ofsupport costs (see note 8) Share of governance costs (see note 8) |
261,596 19,350 |
250,608 18,416 |
|||
| 447,418 | 514,039 | ||||
| Analysis by fund |
|||||
| Unrestricted funds - general Unrestricted funds - Fixed Asset Fund Restricted funds |
221,424 4,254 221,740 |
173,524 4,354 336,161 |
|||
| 447,418 | 514,039 | ||||
| 7 | Net movement in funds |
2021 | 2020 | ||
| 6 | |||||
| Net movement in funds is stated |
after charging/(crediting) | ||||
| Depreciation ofowned |
tangible | fixed assets | 4,254 | 4,354 |
| Support cos | ts | ||||||
|---|---|---|---|---|---|---|---|
| Support | Governance | 2021 | Support | Governance | 2020 | ||
| costs | costs | costs | costs | ||||
| 8 | F | F | |||||
| Staff costs | 146,803 | 146,803 | 143,236 | 143,236 | |||
| Depreciation | 4,254 | 4,254 | 4,354 | 4,354 | |||
| Rates and water | 21,317 | 21,317 | 11,327 | 11,327 | |||
| Insurance | 19,120 | 19,120 | 19,873 | 19,873 | |||
| Light and heat | 21,736 | 21,736 | 11,904 | 11,904 | |||
| Telephone | 957 | 957 | 1,858 | 1,858 | |||
| Printing and stationery |
61 | 61 | 22 | 22 | |||
| Sundry expenses | 2, 118 | 2,118 | 808 | 808 | |||
| Staff travel & | |||||||
| development | 707 | 707 | 154 | 154 | |||
| Computer costs | 5,975 | 5,975 | 2,621 | 2,621 | |||
| Irrecoverable | VAT | 38,217 | 38,217 | 54,011 | 54,011 | ||
| Bank charges | 331 | 331 | 440 | 440 | |||
| Accountancy | 19,350 | 19,350 | 18,416 | 18,416 | |||
| 261,596 | 19,350 | 280,946 | 250,608 | 18,416 | 269,024 | ||
| Analysed between |
|||||||
| Charitable activities |
261,596 | 19,350 | 280,946 | 250,608 | 18,416 | 269,024 |
| 2021 | 2020 |
|---|---|
| Number | Number |
| 13 |
| 10 | Employees | (Continued) | |
|---|---|---|---|
| Employment costs |
2021 | 2020 | |
| E | E | ||
| Wages and salaries | 138,037 | 135,451 | |
| Social security costs | 6,142 | 5,412 | |
| Other pension costs | 2,624 | 2,373 | |
| 146,803 | 143,236 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| Fixed Asset | Fixed Asset | ||||
| Fund | Fund | ||||
| 2021 | 2020 | ||||
| E | |||||
| Revaluation | of | investment | properties | 442,000 | 475,000 |
| Tangible fixe | d assets | ||||
|---|---|---|---|---|---|
| Plant and | Fixtures and | Total | |||
| equipment | fittings | ||||
| F | |||||
| Cost | |||||
| At 1 January | 2021 | 114,412 | 117,650 | 232,062 | |
| Additions | 4,284 | 6,981 | 11,265 | ||
| Disposals | (1,820) | (1,820) | |||
| At 31 December 2021 | 116,876 | 124,631 | 241,507 | ||
| Depreciation | and impairment | ||||
| At 1 January | 2021 | 113,810 | 111,141 | 224,951 | |
| Depreciation | charged | in the year | 534 | 3,720 | 4,254 |
| Eliminated in |
respect ofdisposals | (1,820) | (1,820) | ||
| At 31 December 2021 | 112,524 | 114,861 | 227,385 | ||
| Carrying amount |
|||||
| At 31 December 2021 | 4,352 | 9,770 | 14,122 | ||
| At 31 December 2020 | 602 | 6,509 | 7,111 |
| Investment property |
||
|---|---|---|
| 2021 | ||
| Fair value | ||
| At 1 January 2021 | 1,590,000 | |
| Net gains or losses through | fair value adjustments | 442,000 |
| At 31 December 2021 | 2,032,000 |
| 14 | Investment property |
Investment property |
(Continued) | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| 6 | 6 | ||||
| Freehold | 2,032,000 | 1,590,000 | |||
| Long leasehold | |||||
| Shortleasehold | |||||
| 15 | Fixed asset investments | ||||
| Other | |||||
| investments | |||||
| Cost or valuation | |||||
| At 1 January 2021 &31 December 2021 | |||||
| Carrying amount |
|||||
| At 31 December 2021 | |||||
| At 31 December 2020 | |||||
| Other investments | comprise: | Notes | 2021f | 2020 | |
| Investments in subsidiaries |
25 | ||||
| 16 | Stocks | ||||
| 2021 | 2020 | ||||
| 6 | 6 | ||||
| Finished goods and goods for resale | 3,033 | 5,573 | |||
| 17 | Debtors | ||||
| 2021 | 2020 | ||||
| Amounts falling due within one year: |
6 | ||||
| Trade debtors | 11,595 | 10,793 | |||
| Other debtors | 460 | ||||
| Prepayments and |
accrued income | 19,349 | 45,713 | ||
| 31,404 | 56,506 |
| Future | minimum | lease payments | due under finance leases: | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| 6 | 6 | ||||
| Within | one year | 1,575 | |||
| Within | two and | five years | 1,838 | ||
| 3,413 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | f | 6 | ||||
| Obligations under finance leases |
18 | 3,413 | ||||
| Other taxation | and social security | 4,844 | 1,650 | |||
| Trade creditors | 25,471 | 24,859 | ||||
| Amounts owed |
to subsidiary | undertakings | 38,779 | 59,614 | ||
| Other creditors | 179 | 430 | ||||
| Accruals and deferred |
income | 62,490 | 9,131 | |||
| 135,176 | 95,684 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ID | ||||||||||||||
| CV |
| Balance at | Balance at | Resources | Revaluations, | Balance at | Balance at | Resources | Revaluations, | Balance at | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | January | 2020 | expended | gains and1 | January | 2021 | expended | gains and | 31 December | ||
| losses | losses | 2021 | |||||||||
| 6 | 6 | 6 | |||||||||
| Fixed | Asset | ||||||||||
| Fund | 1,126,467 | (4,354) | 475,000 | 1,597,113 | (4,254) | 442,000 | 2,034,859 |
| Balance at | Balance at | Balance at | |||
|---|---|---|---|---|---|
| 1 | January 20201 |
January 2021 |
31 December | ||
| 2021 | |||||
| 6 | |||||
| Lenfest | Fund | 10,416 | 10,416 | 10,416 | |
| 10,416 | 10,416 | 10,416 |
| Details of the charity's subsi |
diaries at 31 D |
diaries at 31 D |
ecember 2021 are as follows: | ecember 2021 are as follows: | ecember 2021 are as follows: | ||||
|---|---|---|---|---|---|---|---|---|---|
| Name of undertaking | Registered | Nature of business | Class | of %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 |
2021 | 2020 | |||||||
| 6 | 6 | ||||||||
| Surplus for the year | 320,273 | 605,432 | |||||||
| Adjustments for: |
|||||||||
| Investment income recognised in statement |
offinancial activities | (14,481) | (14,330) | ||||||
| Fair value gains and losses | on investment | properties | (442,000) | (475,000) | |||||
| Depreciation and impairment |
of tangible fixed assets | 4,254 | 4,354 | ||||||
| Movements in working capital: |
|||||||||
| Decrease/(increase) in stocks |
2,540 | (391) | |||||||
| Decrease in debtors |
25,102 | 109,364 | |||||||
| Increase/(decrease) in creditors |
36,079 | (109,612) | |||||||
| Cash (absorbed by)/generated from |
operations | (68,233) | 119,817 |