# ## ## |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| |||||||GI|||O
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0| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||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| ##