2022-04-05-accounts - The Wheler Foundation

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			Page
Reference and administrative		details ofthe charity, its Trustees and advisers	1
Trustees' report			2-7
Independent auditors'	report	on the financial statements	8-11
Statement offinancial	activities		12
Balance sheet			13-14
Statement ofcash flows
Notes tothe financial	statements		16-36

					Unrestricted	Endowment	Total	Total
					funds	funds	funds	funds
					2022	2022	2022	2021
				Note	F	F	6
Income and endowments		from:
Charitable activities				3	1,085,856		1,085,856	1,004,235
Investments				4	21,436	61,075	82,511	196,572
Other income				5	1,986		1,986	4,040
Total income and	endowments				1,109,278	61,075	1,170,353	1,205,147
Expenditure on:
Investment management						7,417	7,417	15,323
Charitable activities				7	7,616,739	(71,096)	7,545,643	5,277,364
Total expenditure					7,616,739	(63,679)	7,553,060	5,292,687
Net (expenditure)/income		before net
losses on investments					(6,507861)	124,754	(6,382,707)	(4,087,540)
Net losses on investments						(60,951)	(60,951)	(158,408)
Net (expenditure)/income					(6,507i461)	63,803	(6,443,658)	(4,255,948)
Transfers between	funds			20	2,092,946	(2,092,946)
Net movement in	funds before other
recognised gains					(4,414,515)	(2,029,143)	(6,443,658)	(4,255,948)
Other recognised	gains:
Gains/(Losses) on	revaluation		ofassets			5,863,733	5,863,733	3,791,550
Net movement in	funds				(4,414,515)	3,834,590	(579,925)	(464,398)
Reconciliation of	funds:
Total funds brought	forward				2,644,782	58,408,291	61,053,073	51,517,471
Net movement in funds					(4,414,515)	3,834,590	(579,925)	(454,398)
Total funds carried forward					(1,769,733)	62,242,881	60,473,148	61,053,073

				2022		2021
		Note		5
Fixed assets
Intangible assets		12		28,870		25,870
Tangible assets		13		16,347		12,809
Heritage assets		15		61,450,039		55,767,524
Investments		16		645,194		2,705,741
Investment property		14		960,000		960,000
				63,100,450		59,477,944
Current assets
Debtors		17	474,096		497,890
Cash at bank and in	hand	24	1,497,513		2,755,109
			1,971,609		3,255,999
Creditors: amounts	falling due within one
year		18	(738,911)		(820,870)
Net current assets				1,232,698		2,435,129
Total assets less current liabilities				64,333,148		51,913,073
Creditors: amounts	falling due after more
than one year		19		(3,860,000)		(850,000)
Net assets				60,473,148		61,053,073
Total net assets				60,473,148		51,053,073

			Unrestricted	Total	Total
			funds	funds	funds
			2022	2022	2021
				6
Rental Income			1,046,189	1,046,189	979,855
Timber Sales			38,431	38,431	22,524
Environmental	Stewardship	Scheme	1,238	1,236	1,856
Total 2022			1,085,856	1,085,856	1,004,235
Total 2021			1,004,235	1,004,235

				Unrestricted	Endowment	Total	Total
				funds	funds	funds	funds
				2022	2022	2022	2021
				6		F	Z
Investment		income - properties		21,251		21,251	21,251
Investment		income - local cash		185	61,075	61,260	175,621
Total	2022			21,436	61,075	82,511	198,872
Total 2021				21,424	175,448	196,872
Other	incoming		resources
					Unrestricted	Total	Total
					funds	funds	funds
					2022	2022	2021
					6	6
Otherinterest					1,986	1,986	4,040
Total	2022				1,986	1,986	4,040
Total 2021					4,040	4,040
Analysis ofgrants
					Grants to	Total	Total
					Institutions	funds	funds
					2022 6	2022 6	2021f
Grants	paid				40,791	40,791	115,288
Total	2022				40,791	40,791	115,288
Total 2021					115,288	115,288

The charity has made the foll	owin	g material grants to institutions dudng	the year:
			2022	2021
			E	5
Name of institution
Stalisfield with Otterden PCC			4,000	10,000
Stalisfield Village Hall			750	1,500
Murston All Saints Charity				2,500
Bunce Ecclesiastical Charity			2,000	4,000
Countryside Learning			15,000	50,000
Hedge Laying Society				1,500
The Country Trust			3,000	12,000
Society for Protection ofAncient		Buildings		1,500
Royal Agricultural Society of England				2,500
Yorkshire Agricultural Society			3,000	11,000
Kent Agricultural Society			2,500	5,500
Royal Agricultural Benevolent	Institution			1,500
Innovation for Agdculture				1,250
St Lawrence Chapel Insurance			2,069	1,904
St Lawrence Chapel Repairs			7,418	280
St Lawrence Chapel pick open safety deposit box			54
Countryside Learning -Christmas		classroom days sponsorship	1,000
Queen Elizabeth Scholarship	Trust			2,500
Woodmeadow Trust				1,750
			40,791	111,184
Stipend to Vicar of Ledsham	with	Fairburn		4,104
			40,791	115,288

			Activities	Grant
			undertaken	funding of	Total	Total
			directly	activities	funds	funds
			2022	2022	2022	2021
			6	6
Estate management		costs	1,134,025		1,134,025	883,045
Grants	paid (note 6)			40,791	40,791	115,288
Surplus	on disposal	of land	(71,096)		(71,096)
Ledsion	Hall Project		6,441,923		6,441,923	4,279,031
Total 2022			7,504,852	40,791	7,545,643	5,277,354
Total 2021			5,182,078	115,288	5,277,384

				Total	Total
				funds	funds
				2022	2021
				5	6
Staff costs				45,550	45,521
Repairs				6,171,386	3,927,097
Insurance				186,718	176,742
Agent management	fees			255,102	269,328
Legal and professional		fees		523,361	559,191
Loan interest				97,773	21,865
Bank charges				534	226
Water, rates and energy				39,018	19,375
Motor and machinery		expenses		16,998	9,447
Website costs				100	100
Irrecoverable VAT				149,396	75,843
Sundry expenses				10,334	8,100
Bad debts				(15,514)	(22260)
Running costs ofEducation Centre				3,977	2,759
Depreciation				5,371	4, '152
Chattels storage costs				9,698	11,928
Governance costs				76,146	52,652
Surplus on sale of land				(71,096)
Total 2022				7,504,852	5,162076
Auditors' remuneration
				2022	2021
				F
Fees payable to the	Foundation's		auditor for the audit ofthe charity's
annual accounts				9,280	8,820

Staff costs
			2022	2021
				Z
Wages and	salaries		44,264	44,263
Social security costs			807	779
Contribution	to defined contribution	pension schemes	479	479
			45,550	45,521

2022	2021
No.	No.

12.	Intangible assets
		Intangibles
		8
	Cost
	At 6 April 2021	28,870
	At 5 April 2022	28,870
	Net book value
	At 5April 2022	28,870
	At5April 2021	28,870

	Plant and	Motor
	machinery	vehicles	Total
	5	6	6
Cost orvaluation
At 6April 2021	32,627	19,085	51,722
Additions	8,992		8,992
At 5 April 2022	41,619	18,085	60,714
Depreciation
At 6April 2021	26,002	12,911	38,913
Charge for the year	3,908	1,546	6354
At 5April 2022	29,910	14,457	44,367
Net book value
At 5 April 2022	11,709	4,638	16,347
At 5April 2021	6,625		12809

	Freehold
	investment
	properly8
Valuation
At 6April 2021	960,000
At 5 April 2022	960,000

		Listed
		investments
Cost or valuation
At 6 April 2021		2,708,741
Disposals		(2,059,068)
Revaluations		(4/79)
At 5 April 2022		645,194
Net book value
At 5April 2022		645,194
At5April 2021		2,708,741
Debtors
	2022	2021
	E
Due within one year
Trade debtors	36,699	23,269
Prepaymsnts and accrued income	437,397	474,621
	474,096	497,890

Creditors: Amounts falling due within one year
	2022	2021
	8
Trade creditors	29,016	165,842
Other taxation and social security	(90,551)	(56,131)
Other creditors	90,550
Accruals and deferred income	709,896	711,159
	738,911	820,870

2022	2021
8	Z
3,860,000	eeo,ooo

Statement	offunds	offunds
Statement	offunds		- current year
		Balance at6				Transfers	Gains/	Balance at 5
			April 2021	Income	Expenditure	in/out	(Losses)	April 2022
			K	6	6	K	K	K
Unrestricted
funds
General Funds-
all funds			2,844,782	1,109,278	(7,816,739)	2,092,946		(1,769,733)
Endowment
funds
Estate Property
Fund		55,699,550			71,096	(36,693)	5,863,734	61,597,687
Estate
Investment	Fund		2,708,741	61,075	(7817)	(2,056,253)	(60,952)	645,194
		58,408,291		61,075	63,679	(2,092,946)	5,802,782	62,242,881
Total offunds		61053073		1 170353	(Ti553'060)		5,802,782	60/473,148

Statement offunds - pdior year	Statement offunds - pdior year	Statement offunds - pdior year
		Balance at			Transfers	Gains	Balance at
		6April 2020	income	Expenditure	(clout	(Losses)	5	202
						E		E
Unrestricted
funds
Designated
funds
Designated
Funds - all funds		607,721		(607, 721)
General funds
General funds		1,617,266	1,029,699	(4,669,643)	4,667,460			2,644,782
Total
Unrestricted
funds		2,224,987	1,029,699	(5,277,364)	4,6S7,460			2,644,782
Endowment
funds
Estate Property
Fund		51,908,000				3,791,550	55,699,550
Estate
Investment	Fund	6,397,151			(3,520,002)	(1S8,408)		2 708,741
Estate
Investment	Fund
(cash)		640,422	175,448	(15,323)	(800,547)
Estate
Prepayments		346,911			(34S,911)
		59,292,484	175,448	(15,323)	(4,667,460)	3,S23,142	58,408,291
Total offunds		61,517,471	1,205, 147	(5,292,687)		3,623,142	61,053,073

Summary of	funds - current yea	r
	Balance at 6			Transfers	Gains/	Balance at 8
	April 2021	Income	Expenditure	in/out	(Losses)	April 2022
		6	6	K	K	6
General funds	2,644,782	1,109,278	(7,616,739)	2,092,946		(1,769,733)
Endowment
funds	58,408,291	61,075	63,679	(2,092,946)	5,802,782	62,242,881
	61,053,073	1,170,353	(7,553,060)		5,802,782	60,473,148
Summary of	funds - prior year
	Balance at			Transfers	Gainer	Ba/ance at
	6April 2020	Income	Expenditure	inrout	(Losses)	5Apnl 2021
	E					6
Designated
funds	607,721		(607,721)
General funds	1,617,266	1,029,699	(4, 669,643)	4,667,460		2,644,782
Endowment
funds	59,292484	175,448	(15,323)	(4,667,460)	3,623,142	58,408,291
	61,517,471	1,205,147	(5,292,687)		3,623,142	61,053,073

Analysis	of net assets between funds - current year
		Unrestricted	Endowment	Total
		funds	funds	funds
		2022	2022	2022
		6		6
Tangible fixed assets		16,347		16,347
Intangible	fixed assets	26,870		28,870
Fixed asset investments			645,194	645,194
Investment	properly		960,000	960,000
Heritage assets		812,352	60,637,687	61,450,039
Current assets		2,062,160		2,062,160
Creditors due within one year		(829,462)		(829,462)
Creditors	due in more than one year	(3,660,000)		(3,860,000)
Total		(1,769,733)	62,242,881	60,473,148
Analysis	ofnet assets between funds - prior year
		Unrestn'cted	Endowment	Tote)
		funds	funds	funds
		2021	2021	2021
		5	5	5
Tangible fixed assets		12,809		12,809
Intangible	fixed assets	28,870		28,870
Fixed asset investments			2,708,741	2,708,741
Investment	property		960,000	960,000
Heritage assets		1,027,974	54,739,550	55,767,524
Current assets		3,255,999		3,255,999
Creditors	due within one year	(820,870)		(820,870)
Creditors	due in more than one year	(860,000)		(860,000)
Total		2,644,782	58,408,291	61,053,073