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|Reference and Administrative|Reference and Administrative|Details|||
|---|---|---|---|---|
|Strategic Report||||2 to 3|
|Trustees'<br>Repott||||4to7|
|Independent<br>Auditors'|Report|||8 to 10|
|Consolidated<br>Statetnent|ofFinancial||Activities||
|Consolidated<br>Balance|Sheet|||12|
|Balance Sheet||||13|
|Consolidated<br>Statement|ofCash Flows|||14|
|Statement ofCash Flows||||15|
|Notes to the Financial|Statements|||16to 35|





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||||Co|nsolidated|Balance Shee|t as at 31|March 2021||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
|||||||Note|||
|Fixed assets|||||||||
|Tangible assets||||||16|3,483,900|3,498,344|
|Current<br>assets|||||||||
|Stocks||||||17|44,930|37,782|
|Debtors||||||18|(2,706)|19,435|
|Investments||||||19|2,317,808|2,023,890|
|Cash at bank|and|in hand||||20|694,333|414,811|
||||||||3,054,365|2,495,918|
|Creditors: Amounts|||falling|due within|one year|21|(112,701)|(68,100)|
|Net current|assets||||||2,941,664|2,427,818|
|Net assets|||||||6,425,564|5,926,162|
|Funds ofthe|group:||||||||
|Endowment|funds||||||2,320,361|2,023,890|
|Restricted<br>income funds|||||||||
|Restricted<br>funds||||||22|1,712,297|1,639,685|
|Unrestricted|income||funds||||||
|Unrestricted|funds||||||2,392,906|2,262,587|
|Total funds||||||22|6,425,564|5,926,162|
|For the financial||year|ending|31 March|2021 the company|was entitled|to exemption<br>fiom audit|under<br>section|
|477 ofthe Companies|||Act 2006 relating||to small companies.||||



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|||Balance Sheet as at|31 March 2021|||
|---|---|---|---|---|---|
|||||2021|2020|
||||Note|f.||
|Fixed assets||||||
|Tangible assets|||16|3,478,724|3,491,442|
|Current assets||||||
|Debtors|||18|(3,580)|18,436|
|Investments|||19|586,072|511,428|
|Cash at bank|and in hand||20|652,740|376,332|
|||||1,235,232|906,196|
|Creditors: Amounts||falling due within one year|21|(83,573)|(48,081)|
|Net current|assets|||1,151,659|858,115|
|Net assets||||4,630,383|4,349,557|
|Funds ofthe|charity:|||||
|Endowment|funds|||588,439|511,424|
|Restricted income funds||||||
|Restricted<br>funds|||22|1,675,940|1,634,827|
|Unrestricted|income|funds||||
|Unrestricted|funds|||2,366,004|2,203,306|
|Totalfunds|||22|4,630,383|4,349,557|



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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||Note|||
|Cash flows from operating|activities|||||||
|Net cash income||||||499,403|268,270|
|Adjustments<br>to cash flows|from non-cash|||items||||
|Depreciation||||||52,937|51,564|
|Investment<br>income||||||(263)|(254)|
|||||||552,077|319,580|
|Working capital adjustments||||||||
|(Increase)/decrease<br>in stocks|||||17|(7,]48)|12,342|
|Decrease in debtors|||||18|22,141|10,830|
|Increase/(decrease)<br>in creditors|||||21|44,601|(16,532)|
|Decrease in provisions||||||(12,965)||
|Decrease in deferred<br>income|||||||(82)|
|Net cash flows from operating||activities||||598,706|326,138|
|Cash flows from investing<br>activities||||||||
|Interest receivable<br>and similar||income|||6|263|254|
|Purchase oftangible<br>fixed assets|||||16|(20,423|(5,509)|
|Net cash flows from investing||activities||||(20,160)|(5,255|
|Cash flows from financing|activities|||||||
|Repayment<br>ofloans and borrowings|||||21||(6,725)|
|Payments<br>out ofpermanent<br>endowment|||funds|||(299,024)|(107,081)|
|Net cash flows from financing||activities||||(299,024)|(113,806)|
|Net increase<br>in cash and cash|equivalents|||||279,522|207,077|
|Cash and cash equivalents<br>at|I|April||||414,811|207,734|
|Cash and cash equivalents<br>at|31 March|||||694,333|414,811|





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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Note|||
|Cash flows from operating|activities||||||
|Net cash income|||||280,826|252,744|
|Adjustments<br>to cash flows|from non-cash||items||||
|Depreciation|||||51,211|49,264|
|Investment<br>income|||||(263)|(254)|
||||||331,774|301,754|
|Working capital adjustments|||||||
|Decrease in debtors||||18|22,016|6,711|
|Increase in creditors||||21|35,492|4,137|
|Decrease in provisions|||||(15,517)||
|Net cash flows from operating<br>activities|||||373,765|312,602|
|Cash flows from investing|activities||||||
|Interest receivable<br>and similar income||||6|263|254|
|Purchase oftangible<br>fixed assets||||16|(20,423)|5,509)|
|Net cash flows from investing<br>activities|||||(20,160)|(5,255)|
|Cash flows from financing|activities||||||
|Repayment<br>ofloans and borrowings||||21||(6,725)|
|Payments<br>out ofpermanent|endowment|funds|||(77,197)|(28,166)|
|Net cash flows from financing<br>activities|||||(77,197)|(34,891)|
|Net increase<br>in cash and cash equivalents|||||276,408|272,456|
|Cash and cash equivalents|at 1 April||||376,332|103,876|
|Cash and cash equivalents|at 31March||||652,740|376,332|





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|||||Unrestricted||||
|---|---|---|---|---|---|---|---|
|||||funds|Restricted|Total|Total|
|||||General|funds|2021|2020|
|Donations|and legacies;|||||||
|Donations||from|individuals|3,842|101,500|105,342|22,399|
|Legacies|||||||225,000|
|GiA aid|reclaimed|||31,211||31,211|38,787|
|Grants, including|||capital grants;|||||
|Government||grants||260,721||260,721|6,795|
|||||295,774|101,500|397,274|292,981|



## 

||||||||Unrestricted|||
|---|---|---|---|---|---|---|---|---|---|
||||||||funds|Total|Total|
||||||||General|2021|2020|
||Gardens &Mansion||||House||166,606|166,606|272,883|
|5|Income from||other trading|||activities||||
||||||||Unrestricted|||
||||||||funds|Total|Total|
||||||||General|2021|2020|
|Trading income;||||||||||
||Sales ofgoods||and|services|||158,489|158,489|360,773|
|Events income;||||||||||
||Other events income||||||||50,160|
||||||||158,489|158,489|410,933|
|6|Investment|income||||||||
||||||||Unrestricted|||
||||||||funds|Total|Total|
||||||||General|2021|2020|
||||||||f.|||
|Interest receivable|||and similar income;|||||||
||Interest receivable|||on|bank deposits||263|263|254|





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|Unrestricted|||
|---|---|---|
|funds|Total|Total|
|General|2021|2020|
|47,325|47,325|46,679|





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|||||Unrestricted|||
|---|---|---|---|---|---|---|
|||||funds|Total|Total|
|||||General|2021|2020|
||||Note||||
|Costs|ofgoods|sold||66,262|66,262|154,434|
|||||66,262|66,262|154,434|



|||||Unrestricted|||
|---|---|---|---|---|---|---|
|||||funds|Total|Total|
|||||General|2021|2020|
||||Note||||
|Allocated|support|costs|10|(19,311)|(19,311)|32,493)|
|||||(19,311)|(19,311)|(32,493)|





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|9<br>Expend|it|ure<br>on ch|aritable<br>acti|vities||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted||||
|||||funds|Restricted|Total|Total|
|||||General|funds|2021|2020|
||||Note|||||
|Gardens &Mansion||||||||
|House||||178,367|3,070|181,437|249,540|
|Depreciation,||||||||
|amortisation||and||||||
|other similar||costs||25,391|25,820|51,211|49,264|
|Staff costs||||244,276||244,276|315,384|
|Allocated|support|||||||
|costs|||10|244||244|1,317|
|Governance||costs|10|17,687||17,687|20,736|
|||||465,965|28,890|494,855|636,241|



## 

## 

||||Unrestricted|||
|---|---|---|---|---|---|
||||funds|Total|Total|
||||General|2021|2020|
|||||f.||
|Audit fees||||||
|Audit ofthe financial||statements|7,000|7,000|6,600|
|Other governance|costs||6,675|6,675|6,050|
||||13,675|13,675|12,650|





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## 

|Net incoming<br>resources for the year include;|||
|---|---|---|
||2021|2020|
|Audit fees|7,000|6,600|
|Depreciation offixed assets|51,211|49,264|



## 



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|13 Staff costs|||||
|---|---|---|---|---|
|The aggregate|payroll costs were as follows:||||
||||2021|2020|
|Staff costs during||the year were:|||
|Wages and salaries|||245,926|311,266|
|Social security|costs||17,554|4,442|
|Pension costs|||6,544|1,251|
||||270,024|316,959|



|year expr|esse|d<br>as full|time equivale|nts<br>was as follows:||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||No|No|
|Average|number ofemployees||||||16|
|No employee||received|emoluments|ofmore than f60,000 during|the year.|||
|14 Auditors'||remuneration||||||
|||||||2021|2020|
|Auditof|the|financial|statements|||7,000|6,600|





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## 

|Group|||||
|---|---|---|---|---|
||Land and|Furniture<br>and|Computer||
||buildings|equipment|equipment|Total|
|Cost|||||
|At<br>1 April 2020|3,547,478|400,644|35,905|3,984,027|
|Additions|||20,423|20,423|
|At 31March 2021|3,547,478|400,644|56,328|4,004,450|
|Depreciation|||||
|At 1 April 2020|131,991|303,391|32,231|467,613|
|Charge for the year|28,117|16,182|8,638|52,937|
|At 31 March 2021|160,108|319,573|40,869|520,550|
|Net book value|||||
|At 31 March 2021|3,387,370|8],071|15,459|3,483,900|
|At 31 March 2020|3,415,487|97,253|3,674|3,516,414|
|Charity|||||
||Land and|Furniture<br>and|Computer||
||buildings|equipment|equipment|Total|
|||f.|||
|Cost|||||
|At<br>1 April 2020|3,547,478|400,644|35,905|3,984,027|
|Additions|||20,423|20,423|
|At 31March 2021|3,547,478|400,644|56,328|4,004,450|
|Depreciation|||||
|At 1 April 2020|131,991|303,391|32,231|467,613|
|Charge for the year|28,117|16,182|8,638|52,937|
|At 31March 2021|160,108|319,573|40,869|520,550|
|Net book value|||||
|At 31 March 2021|3,387,370|81,071|15,459|3,483,900|
|At 31March 2020|3,415,487|97,253|3,674|3,516,414|





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|17 Stock||||||||
|---|---|---|---|---|---|---|---|
||||||Group||Charity|
||||||2021|2020|2021|
|Stocks|||||44,930|37,782||
|18 Debtors||||||||
|||||Group||Charity||
|||||2021|2020|2021|2020|
|||||f.|f.|||
|Trade debtors||||(128)|12,437|(1,002)|11,438|
|VAT recoverable||||(2,578)|(1,470)|(2,578)|(1,470)|
|Other debtors|||||8,468||8,468|
|||||(2,706)|19,435|(3,580)|18,436|
|19 Current|asset investments|||||||
|||||Group||Charity||
|||||2021|2020|2021|2020|
|Shares in group undertakings||||and||||
|participating||interests||||4|4|
|Listed other shares||||2,317,808|2,023,890|586,068|511,424|
|||||2,317,808|2,023,890|586,072|511,428|
|20 Cash and||cash equivalents||||||
|||||Group||Charity||
|||||2021|2020|2021|2020|
||||||f.|||
|Cash on hand||||2,155|2,191|1,755|1,791|
|Cash at bank||||692,178|412,620|650,985|374,541|
|||||694,333|414,811|652,740|376,332|
|21 Creditors:||amounts|falling due within one year|||||
|||||Group||Charity||
|||||2021|2020|2021|2020|
|||||||f.|f.|
|Trade creditors||||27,181|23,026|14,504|16,391|
|Other taxation||and social|security<br>5,044||3,913|5,044|3,913|
|VAT||||(7,677)|(784)|||
|Other creditors||||44,580|17,063|22,152|4,575|
|Accruals||||43,573|24,882|41,873|23,202|
|||||112,701|68,100|83,573|48,081|





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## 

|Group||||||||
|---|---|---|---|---|---|---|---|
|||||||Other|Balance at|
||||Balance at 1|Incoming|Resources|recognised|31March|
||||April 2020|resources|expended|gains/(losses)|2021|
|Unrestricted<br>funds||||||||
|General||||||||
|General Funds|||2,262,584|669,627|(539,305)||2,392,906|
|Restricted<br>funds||||||||
|Mansion Phase|V|||||||
|Restoration|||680,940||(2,410)||678,530|
|Piggeries Project - Phase||1|102,768||(2,277)||100,491|
|Piggeries Project - Phase||2||||||
|(Capital)|||820,730||(18,380)||802,350|
|Bridge Project|||9,290||(1,858)||7,432|
|Wisteria Arch|&Gates Fund||14,039|5,000|(3,698)||15,341|
|Tanner Trust Fund|||7,060|65,000|(267)||71,793|
|Alit Aberglasney|||4,860|31,500|||36,360|
|Total restricted|funds||1,639,687|101,500|~(28,890||1,712,297|
|Endowment<br>funds||||||||
|Expendable||||||||
|Cabot Fund|||1,512,466|||219,274|1,731,740|
|Kerry Fund|||511,424|||77,197|588,621|
||||2,023,890|||296,471|2,320,361|
|Total funds|||5,926,161|771,127|(568,(95)|296,471|6,425,564|





## 

||||||Other|Balance at|
|---|---|---|---|---|---|---|
||Balance at 1|Incoming|Resources||recognised|31March|
||April 2019|resources|expended|Transfers|gains/(losses)|2020|
|Unrestricted|funds||||||
|General|||||||
|General|||||||
|Funds|1,998,781|1,004,365|(728,662)|(11,899)||2,262,585|
|Restricted|||||||
|funds|||||||
|Mansion|||||||
|Phase V|||||||
|Restoration|683,350||(2,410)|||680,940|
|Piggeries|||||||
|Project-|||||||
|Phase<br>1|105,043||(2,277)|||102,767|
|Piggeries|||||||
|Project-|||||||
|Phase 2|||||||
|(Capital)|831,754||(18,923)|7,898||820,729|
|Piggeries|||||||
|Project-|||||||
|Phase 2|||||||
|(Activity)|7,149|6,795|(6,795)|(7,149)|||
|Bridge|||||||
|Project|||(1,858)|11,148||9,290|
|Wisteria|||||||
|Arch &|||||||
|Gates Fund|9,667|5,000|(628)|||14,039|
|Tanner|||||||
|Trust Fund|7,478||(418)|||7,060|
|Alit|||||||
|Aberglasney||12,910|(8,050)|||4,860|
|Total|||||||
|restricted|||||||
|funds|1,644,441|24,705|~(4(,359|11,898||1,639,685|
|Endowment|funds||||||
|Expendable|||||||
|Cabot Fund|1,505,799||||6,667|1,512,466|
|Kerry Fund|508,871||||2,553|511,424|
|Total funds|2,014,670<br>5,657,892|1,029,070|(770,021)|~1)|9,220<br>9,220|2,023,890<br>5,926,160|





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|Charity|||||||||
|---|---|---|---|---|---|---|---|---|
||||||||Other|Balance at|
|||||Balance at 1|Incoming|Resources|recognised|31March|
|||||April 2020|resources|expended|gains/(losses)|2021|
||||||||f.||
|Unrestricted<br>funds|||||||||
|General|||||||||
|Unrestricted||||2,203,301|582,822|(420,119)||2,366,004|
|Restricted funds|||||||||
|Mansion Phase|V||||||||
|Restoration<br>Works||||680,941||(2,410)||678,531|
|Piggeries Project -||Phase|1|102,769||(2,277)||100,492|
|Piggeries Project -||Phase|2||||||
|(Capital)||||820,731||(18,380)||802,351|
|Bridge Project||||9,290||(1,858)||7,432|
|Wisteria Arch|& Gates Fund|||14,039|5,000|(3,698)||15,341|
|Tanner Trust Fund||||7,060|65,000|(267)||71,793|
|Total restricted|funds|||1,634,830|70,000|(28,890)||1,675,940|
|Endowment<br>funds|||||||||
|Expendable|||||||||
|Kerry Endowment||Fund||511,242|||77,197|588,439|
|||||511,242|||77,197|588,439|
|Total funds||||4,349,373|652,822|(449,009)|77,197|4,630,383|





## 

## 

||||||Other|Balance at|
|---|---|---|---|---|---|---|
||Balance at 1|Incoming|Resources||recognised|31March|
||April 2019|resources|expended|Transfers|gains/(losses)|2020|
|||f.|||||
|Unrestricted|funds||||||
|General|||||||
|Unrestricted|1,943,497|713,595|(441,885)|(11,899)||2,203,308|
|Restricted|||||||
|funds|||||||
|Mansion|||||||
|Phase V|||||||
|Restoration|||||||
|Works|683,350||(2,410)|||680,940|
|Piggeries|||||||
|Project-|||||||
|Phase<br>1|105,044||(2,277)|||102,768|
|Piggeries|||||||
|Project-|||||||
|Phase 2|||||||
|(Capital)|831,755||(18,923)|7,898||820,730|
|Piggeries|||||||
|Project-|||||||
|Phase 2|||||||
|(Activity)|7,149|6,795|(6,795)|(7,149)|||
|Bridge|||||||
|Project|||(1,858)|11,148||9,290|
|Wisteria|||||||
|Arch &|||||||
|Gates Fund|9,667|5,000|(628)|||14,039|
|Tanner|||||||
|Trust Fund|7,478||(418)|||7,060|
|Total|||||||
|restricted|||||||
|funds|1,644,443|11,795|~(33,309|11,898||1,634,827|
|Endowment|funds||||||
|Expendable|||||||
|Kerry|||||||
|Endowment|||||||
|Fund|508,871||||2,553|511,424|
|Total funds|508,871<br>4,096,811|725,390|~(475, (94|~1|2,553<br>2,553|511,424<br>4,349,559|





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