2021-03-31-accounts - Berkeley Castle Charitable Trust

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Berkeley Castle Charitable Trust Trustees, report and financial statements For the year ended 31 March 2021

			Page
Legal and administrative		information
Report ofthe	trustees		2-6
independent	examiner's	report
Statement of	financial activities
Balance sheet
Notes to the financial statements			10-19

Charity name:	Charity name:	Berkeley Castle Charitable	Berkeley Castle Charitable	Berkeley Castle Charitable	Trust
Trustees:		Charles Wyld				Appointed	17June 2020
		Henry Berkeley
		Robert Bernays				Resigned	17June 2020
		John Harvey				Resigned	17June 2020
		Christopher Sanders				Resigned	17June 2020
		Reginald Heyworth
		Patrick Downes				Appointed	17June 2020
Castle director:		Charles Berkeley
Independent	examiners:	Saffery Champness	LLP
		St Catherine's Court
		Berkeley Place
		Clifton
		Bristol
		BS81BQ
Bankers:		National Westminster		Bank
		PO Box1369
		16The Plain
		Thornbury
		Bristol
		BS352BF
Solicitors:		Burges Salmon
		One Glass Wharf
		Bristol
		BS2OZX
Investment	managers:	Close Private Asset	Management
		8th Floor, 10Exchange		Square
		Primrose Street
		London
		EC2A 2BY
Registration	no:	1061062
Principal office:		The Berkeley Castle	Estate		Office
		Berkeley Castle
		Berkeley
		Gloucestershire
		GL139BQ

			Notes	Group	Group	Charity	Charity
				2021	2020	2021	2020
				f	E		f
Income from
Donations and	legacies			45,243	87,410	45,243	296,910
Charitable activities				125,296	321,445	136,962	373,293
Other trading	activities			174,292	574,523
Investments				8,899	11,206	8,807	10,717
Government grant income				97,667		68,419
Total				451,397	994,584	259,431	680,920
Expenditure on
Raising funds				2,495	2,562	2,495	2,562
Charitable activities				649,400	971,273	439,406	657,600
Total				651,895	973,835	441,901	660,162
Net (outgoing)/incoming		resources for the year before		(200,498)	20,749	(182,470)	20,758
gains/(losses)	on investments
Gains / (losses) on investment			assets	112,893	(58,680)	112,893	(58,680)
Net movement	in funds			(87,605)	(37,931)	(69,577)	(37,922)
Fund balances	brought forward			674,775	712,706	674,723	712,645
Fund balances	carried forward		15	587,170	674,775	605,146	674,723

				Notes	Group	Group	Charity	Charity
					2021	2020	2021	2020
					f	f	f	f
Fixed assets
Tangible assets				10	129,710	125,994	36,942	39,686
Equity investments		in group undertakings		11			20,051	20,051
investments	at market value			11	366,931	356,482	366,931	356,482
					496,641	482,476	423,924	416,219
Current assets
Stock					27,024	30,898	3,279	4,126
Debtors				12	65,227	48,441	159,585	249,579
Cash at bank	and in	hand			297,537	310,060	151,145	59,465
Creditors: amounts		falling due within one year		13	(248,809)	(176,892)	(132,787)	(54,666)
Net current	assets				140,979	212,507	181,222	258,504
Total assets	less current liabilities				637,620	694,983	605,146	674,723
Creditors: amounts		falling due after	more than
one year				14	(50,450)	(20,208)
Net assets				15	587,170	674,775	605,146	674,723
Funds ofthe	charity
Unrestricted	funds - Charity			15	605,146	674,723	605,146	674,723
Unrestricted	funds - non-charitable		trading funds		(17,976)	52
Total funds					587,170	674,775	605,146	674,723


Profit and l	oss account		2021	2020
			E	E
Turnover			174,292	574,523
Cost ofsales	and administrative	expenses	(217,508)	(364,954)
Government	grant income		29,248
Interest receivable			92	489
Net profit			(13,876)	210,058
Amount gift	aided to charity			(209,500)
Taxation Retained in	subsidiary		(4,152) (18,028)	(567) (9)
Fixed assets			92,768	86,308
Current assets			212,117	291,871
Current liabilities			(252,360)	(337,868)
Non current Net assets	liabilities		(50,450) 2,075	(20,208) 20,103

3	Donations	and legacies	and legacies	and legacies	Group	Group	Charity	Charity
					2021	2020	2021	2020
					f	f	E	f
	Gift aid - subsidiary trading company							209,500
	Tax reclaim	on gift aid donation			34,624	47,551	34,624	47,551
	Donations				10,619	39,859	10,619	39,859
					45,243	87,410	45,243	296,910
4	Income from		charitable	activities	Group	Group	Charity	Charity
					2021	2020	2021	2020
					f	f	E	f
	Admissions				97,325	286,651	97,325	286,651
	Guide books				2,055	6,138	2,055	6,138
	Rentalincome				25,919	25,644	31,499	31,224
	Fees for use	ofcastle					6,086	46,268
	Yurt Vouchers and group					1,830		1,830
	Arts and crafts income					1,182		1,182
					125,299	321,445	136,965	373,293
5	investment	income			Group	Group	Charity	Charity
					2021	2020	2021	2020
					f	E	f	f
	Income from		quoted securities		8,787	10,413	8,787	10,413
	Bank interest				112	793	20	304
					8,899	11,206	8,807	10,717
6	Expenditure		on raising	funds	Group	Group	Charity	Charity
					2021	2020	2021	2020
						E	E	f
	Investment	managers'		fee	2,495	2,562	2,495	2,562
					2,495	2,562	2,495	2,562

7	Expenditure	on charitable	on charitable	Group	Group	Charity	Charity
				2021	2020	2021	2020
				f	f	f	f
	Castle shop			3,041	34,131
	Tea room			3,343	2,047
	Gardens and	butterfly house		19,451	86,580	15,618	74,580
	Blossom Cottage				12,421
	Brook House			40,125	33,246
	Filming expenses			2,760	4,693
	Heating and	lighting		23,352	26,579	22,469	26,032
	Wages and pensions			325,815	356,589	220,095	226,496
	Repairs and	maintenance		72,364	167,334	67,408	162,032
	Security costs				7,695
	Bar costs			2,668	16,469
	Rent and rates			6,891	5,066	6,891	5,066
	Equipment hire				2,575
	Marketing costs (incl. website)			18,982	50,928	9,912	33,743
	Events expenses			7,983	33327	6,343	26,698
	Guide books			846	1,809	846	1,809
	Office costs			16,008	16,769	9,148	10,386
	Professional	fees		4,838	12,487	4,838	12,487
	Insurance			55,039	55,372	53,196	52,309
	Bank charges	and	interest	4,080	6,613	4,022	6,261
	Sundry			3,932	10,676	2,299	7,923
	Booking fees				1,797		1,797
	Corporation	tax		4,152	567
	Loss on disposal ofassets			2,490		1,785
	Depreciation	charge		20,580	19,736	8,076	8,164
	Governance	costs	(Note 8)	10,660	5,767	6,460	1,817
				649,400	971,273	439,406	657,600
&	Governance	costs		Group	Group	Charity	Charity
				2021	2020	2021	2020
				f	f	f.	f.
	Independent	examiners fees		1,500	1,500	1,500	1,500
	Other professiona		Ifees	9,160	4,267	4,960	317
				10,660	5,767	6,460	1,817

Employment costs:	2021	2020
	f	f
Wages and salaries	301,803	323,101
Social security costs	17,649	21,215
Pension	4,904	7,704
Other costs		4,569
	324,356	356,589
Analysis ofwages and salaries:
Management and office salaries	90,053	91,175
Caretaking / security	52,701	51,408
Guides	22,971	34,935
Gardeners	24,312	22,507
Cleaners and maintenance	30,058	24,831
Art department		1,640
Castle shop	23,704	18,878
Butterfly house	19,902	17,893
Weddings business	60,655	93,322
	324,356	356,589

Fixed assets - group
	Castle	Castle	Garden	Office	Total
	chattels	contents	equipment	equipment
	and land	fixtures and
		improvements
		f
Cost
At 1April 2020	10,263	428,392	38,665	15,568	492,888
Additions		25,126		1,660	26,786
Disposals		(18,650)	(1,548)	(5,383)	(25,581)
At 31March 2021	10,263	434,868	37,117	11,845	494,093
Depreciation
At 1April 2020		335,804	21,598	9,492	366,894
Provision for the period		15,544	3,692	1,344	20,580
Disposals		(17,458)	(1,186)	(4,447)	(23,091)
At 31March 2021		333,890	24,104	6,389	364,383
Net book value
At 31March 2021	10,263	100,978	13,013	5,456	129,710
At 31March 2020	10,263	92,588	17,067	6,076	125,994
Fixed assets - charity
	Castle	Castle	Garden	Office	Total
	chattels	contents	equipment	equipment
	and land	fixtures and
		improvements
		f
Cost
At 1April 2020	10,263	202,326	38,665	15,568	266,822
Additions		5,457		1,660	7,117
Disposals		(2,605)	(1,548)	(5,383)	(9,536)
At 31March 2021	10,263	205,178	37,117	11,845	264,403
Depreciation
At 1April 2020		196,046	21,598	9,492	227,136
Provision for the period		3,040	3,692	1,344	8,076
Disposals		(2,118)	(1,186)	(4,447)	(7,751)
At 31March 2021		196,968	24,104	6,389	227,461
Net book value
At 31March 2021	10,263	8,210	13,013	5,456	36,942
At 31March 2020	10,263	6,280	17,067	6,076	39,686

	The net book value at 31March	The net book value at 31March	2021represents	2021represents	fixed assets	used for:-
	Direct charitable purposes:							2021	2020
								f	f
	Castle chattels							10,263	10,263
	Garden machines and equipment							13,013	17,067
	Equipment and improvements							100,978	92,588
								124,254	119,918
	Management and administration		ofthe charity					5,456	6,076
								129,710	125,994
11	Fixed asset investments							2021	2020
	UK and overseas equities:							f	f
	Market value at 1April 2020							328,224	399,773
	Acquisitions at cost							29,628	24,660
	Disposals at opening book value		or cost for new		purchases
	disposed of in the year						(107,583)		(37,529)
	Unrealised gains/(losses) on revaluation							112,893	(58,680)
	Market value at 31March 2021							363,162	328,224
	Cash balance (held by brokers)							3,769	28,258
	Investment under management							366,931	356,482
	Historical cost as at31March 2021
	Securities							271,633	325,602
	Cash							3,769	28,258
								275,402	353,860
	The amount off363,162above		represents	investments quoted		on a recognised		securities exchange.
								f	f
	UK equities, commodities and fixed interest securities							93,972	85,257
	Overseas equities							269,190	242,967
								363,162	328,224
	Investments worth more than	5/0 of the		total portfolio are MSG Optimal			Income Fund, Artemis		Income,
	Findlay Park Amercian Fund, Aberdeen Asian Inc				Fund and Aberdeen New Dawn.
	Equity investment in group undertakings							2021	2020
								f
	Investment in Berkeley Castle Enterprises			Limited				20,051	20,051


12	Debtors				Group	Group	Charity	Charity
					2021	2020	2021	2020
					E	f	f
	Trade debtors				22,940	31,986	50	19,982
	Berkeley Castle	Enterprises		Limited			136,338	215,642
	RJG Berkeley Will Trust				16,043		16,043
	Berkeley Will Trust				2,479	1,758	2,479	1,758
	VAT				2,738	11,197	2,738	11,197
	Deferred tax asset				16,091
	Other debtors				4,936	3,500	1,937	1,000
					65,227	48,441	159,585	249,579
13	Creditors: amounts		falling	due within one year	Group	Group	Charity	Charity
					2021	2020	2021	2020
					f	f	E	E
	Trade creditors				15,725	13,216	3,085	1,430
	Berkeley Settlement				17,102	18,921	17,102	18,921
	Corporation tax				20,243	567
	PAYE/National	Insurance			5,576	5,340	4,287	4,162
	VAT				20,025	9,629
	Deferred income				817	1,443	817	1,443
	Pension				2,120	1,317	1,799	981
	Accruals				65,672	101,230	4,168	2,500
	HMRC					22,629		22,629
	Deposits				1,529	2,600	1,529	2,600
	Berkeley Settlement		loan		100,000		100,000
					248,809	176,892	132,787	54,666
14	Creditors: amounts		falling	due after one year	Group	Group	Charity	Charity
					2021	2020	2021	2020
						E	E
	Deferred income				50,450	20,208

Analysis ofcharitable	funds
		2021	2020
		E	E
Balance as at 1April	2020	674,723	712,645
Incoming resources		259,431	680,920
Resources expended		(441,901)	(660,162)
Gains and losses		112,893	(58,680)
Balance at 31March	2021	605,146	674,723