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

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||||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<br>Sanders||||Resigned|17June 2020|
|||Reginald<br>Heyworth||||||
|||Patrick Downes||||Appointed|17June 2020|
|Castle director:||Charles Berkeley||||||
|Independent|examiners:|Saffery Champness|LLP|||||
|||St Catherine's<br>Court||||||
|||Berkeley Place||||||
|||Clifton||||||
|||Bristol||||||
|||BS81BQ||||||
|Bankers:||National<br>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||||||





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||||Notes|Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2021|2020|2021|2020|
|||||f|E||f|
|Income from||||||||
|Donations<br>and|legacies|||45,243|87,410|45,243|296,910|
|Charitable<br>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<br>grant income||||97,667||68,419||
|Total||||451,397|994,584|259,431|680,920|
|Expenditure<br>on||||||||
|Raising funds||||2,495|2,562|2,495|2,562|
|Charitable<br>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|





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|||||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|






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||||||
|---|---|---|---|---|
|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<br>gift|aided to charity|||(209,500)|
|Taxation<br>Retained<br>in|subsidiary||(4,152)<br>(18,028)|(567)<br>(9)|
|Fixed assets|||92,768|86,308|
|Current assets|||212,117|291,871|
|Current<br>liabilities|||(252,360)|(337,868)|
|Non current<br>Net assets|liabilities||(50,450)<br>2,075|(20,208)<br>20,103|





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|3|Donations|and legacies|and legacies|and legacies|and legacies|Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|
|||||||2021|2020|2021|2020|
|||||||f|f|E|f|
||Gift aid - subsidiary<br>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<br>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|





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|7|Expenditure|on charitable|on charitable|activities|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<br>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<br>hire|||||2,575|||
||Marketing<br>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|





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|Employment<br>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<br>and office salaries|90,053|91,175|
|Caretaking<br>/ 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<br>business|60,655|93,322|
||324,356|356,589|





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|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|





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||The net book value at 31March|The net book value at 31March|2021represents|2021represents|fixed assets|used for:-||||
|---|---|---|---|---|---|---|---|---|---|
||Direct charitable<br>purposes:|||||||2021|2020|
|||||||||f|f|
||Castle chattels|||||||10,263|10,263|
||Garden machines<br>and equipment|||||||13,013|17,067|
||Equipment<br>and improvements|||||||100,978|92,588|
|||||||||124,254|119,918|
||Management<br>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<br>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<br>gains/(losses)<br>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<br>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<br>quoted||on a recognised||securities exchange.||
|||||||||f|f|
||UK equities, commodities<br>and fixed interest securities|||||||93,972|85,257|
||Overseas equities|||||||269,190|242,967|
|||||||||363,162|328,224|
||Investments<br>worth<br>more than|5/0 of the||total portfolio are MSG Optimal|||Income<br>Fund, Artemis||Income,|
||Findlay Park Amercian<br>Fund, Aberdeen<br>Asian Inc||||Fund and Aberdeen<br>New Dawn.|||||
||Equity investment<br>in group undertakings|||||||2021|2020|
|||||||||f||
||Investment<br>in Berkeley Castle Enterprises|||Limited||||20,051|20,051|





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||||||||||
|---|---|---|---|---|---|---|---|---|
|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<br>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|||





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|Analysis ofcharitable|funds|||
|---|---|---|---|
|||2021|2020|
|||E|E|
|Balance as at 1April|2020|674,723|712,645|
|Incoming<br>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|



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