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2021-03-31-accounts

Page
Legal and administrative information
Report ofthe trustees 2-5
Independent examiner's
report
Statement of financial activities -group
Statement of financial activities -charity
Balance sheet
Notes to the financial statements 10-22
Charity name: Charity name: Spetchley Gardens Charitable Charitable Trust Trust
Trustees: Charles Wyld Appointed 17June 2020
Charles Berkeley
Robert Bernays Resigned 17June 2020
Christopher
Sanders		 Resigned 17June 2020
Reginald
Heyworth
Patrick Downes Appointed 17June 2020
Head gardener: Christopher
Miller
Independent examiner: 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
1Glass Wharf
Bristol
BS2OZX
Investment managers: Close Private Asset Management
8th Floor
10Exchange Square
Primrose Street
London
EC2A 2BY
Registration number: 1061063
Principal office: Berkeley Castle Estate Office
Berkeley Castle
Berkeley
Gloucestershire
GL139BQ

2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
Notes
Income from:
Donations
and legacies		 100,067 100,067 146,278
Charitable
activities		 117,068 117,068 119,855
Other trading
activities		 38,921
Investment
income		 17,394 17,394 20,681
Government
grant income - Furlough		 14,285 14,285
Total 248,814 248,814 325,735
Expenditure
on:
Raising funds 1,333 1,333 1,300
Charitable
activities		 238,578 17,893 256,471 305,952
Total 239,911 17,893 257,804 307,252
Net (expenditure)/income before
gains/(losses)
on investments		 8,903 (17,893) (8,990) 18,483
Gains/(losses)
on investment		 assets 69,670 69,670 (25,578)
Net movement
in funds		 78,573 (17,893) 60,680 (7,095)
Total funds brought forward 1,049,308 630,994 1,680,302 1,687,397
Total funds carried forward 1,127,881 613,101 1,740,982 1,680,302

2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
Notes
Income from:
Donations
and legacies		 100,067 100,067 157,178
Charitable
activities		 117,068 117,068 119,855
investment
income		 17,394 17,394 20,681
Government
grant income		 14,285 14,285
Total 248,814 248,814 297,714
Expenditure
on:
Raising funds 1,333 1,333 1,300
Charitable
activities		 238,759 17,893 256,652 277,259
Total 240,092 17,893 257,985 278,559
Net (expenditure)/income before
gains/(losses)
on investments		 8,722 (17,893) (9,171) 19,155
Gains/(losses)
on investment		 assets 69,670 69,670 (25,578)
Net movement
in funds		 78,392 (17,893) 60,499 (6,423)
Total funds brought forward 1,049,278 630,994 1,680,272 1,686,695
Total funds carried forward 15 1,127,670 613,101 1,740,771 1,680,272

Group Group Charity Charity
2021 2020 2021 2020
Fixed assets Notes f f f f
Tangible assets 10-11 1,353,016 1,383,676 1,353,016 1,383,676
Unlisted
investments		 at cost 12 1 1
investments at market value 12 252,850 184,678 252,850 184,678
1,605,866 1,568,354 1,605,867 1,568,355
Current assets
Stocks 2,126 2,249 2,126 2,249
Debtors 13 8,380 37,721 8,380 43,103
Cash at bank and in hand 242,259 117,652 242,047 107,415
Creditors: amounts falling due within one year 14 (117,649) (45,674) (117,649) (40,850)
Net current assets 135,116 111,948 134,904 111,917
Total assets less current liabilities 1,740,982 1,680,302 1,740,771 1,680,272
Funds
Unrestricted funds 1,127,881 1,049,308 1,127,670 1,049,278
Restricted funds 613,101 630,994 613,101 630,994
Total funds 15-16 1,740,982 1,680,302 1,740,771 1,680,272

Profit and loss Profit and loss account account 2021 2020
f f
Turnover 38,921
Cost ofsales and administrative expenses (16) (39,121)
Taxation 3 (472)
Net profit (13) (672)
Fixed assets
Current assets 318 11,623
Current
liabilities		 (300) (11,592)
Net assets 18
3 Donations
and		 legacies Group Group Charity Charity
2021 2020 2021 2020
f f f f
Donations 80,067 126,278 80,067 126,278
Gift aid 20,000 20,000 20,000 30,900
100,067 146,278 100,067 157,178
4 Income from charitable activities Group Group Charity Charity
2021 2020 2021 2020
f f f
Entrance fees 96,688 84,891 96,688 84,891
Sale ofgarden produce and plants 17,725 17,725
Fees for hire 354 354
Miscellaneous income 2,638 1,573 2,638 1,573
Scooter hire 17 575 1? 575
Grant for Spetchley Revival 32,462 32,462
117,06S 119,855 117,068 119,855
5 Investment income Group Group Charity Charity
2021 2020 2021 2020
f f f f
Rental income 12,699 15,205 12,699 15,205
Income from quoted securities 4,658 5,312 4,658 5,312
Interest income 37 164 37 164
17,394 20,681 17,394 20,681

6 Expenditure on raising funds on raising funds on raising funds on raising funds Group Group Charity Charity
2021 2020 2021 2020
f f f f
Investment managers fee 1,333 1,300 1,333 1,300
1,333 1,300 1,333 1,300
7 Analysis ofexpenditure and charitable activities Group Group Charity Charity
2021 2020 2021 2020
f f f f
Subsidiaries cost of sales 22,298
Repairs to buildings and grounds 31,058 37,498 31,058 37,444
Repairs and running cost of equipment 3,957 1,460 3,957 1,460
Hire of equipment 215 1,692 215 1,692
Plants and seeds 680 1,386 680 1,386
Rent and rates 4,546 2,770 4,546 2,770
Heat and light 7,441 11,425 7,441 9,475
Consumable garden supplies 11,619 462 11,619 462
Wages and salaries 133,659 136,191 133,659 136,191
Depreciation 32,468 35,233 32,468 34,794
Telephone 2,051 1,860 2,051 1,860
Advertising 3,134 3,134
Professional fees 2,887 8,859 2,887 5,859
PR and marketing 4,723 10,311 4,723 10,311
Volunteer
expenses		 3,411 3,411
Insurance 2,082 5,444 2,082 5,330
Bank charges 382 1,950 376 1,783
Staff training and welfare 3,819 2,524 3,819 2,524
Sundry 9,048 10,285 9,588 10,176
Taxation 103 472
Governance costs (Note 8) 5,733 7,287 5,483 7,197
256,471 305,952 256,652 277,259
8 Governance costs Group Group Charity Charity
2021 2020 2021 2020
f f f
Office expenses 183 1,044 183 954
Independent examination 1,500 1,500 1,500 1,500
Professional fees 4,050 4,743 3,800 4,743
5,733 7,287 5,483 7,197

Analysis ofstaff costs Group Group Charity Charity
2021 2020 2021 2020
f f f f
Wages and salaries 118,380 129,167 118,380 126,188
Social security costs 8,689 8,147 8,689 8,147
Pension 1,317 1,856 1,317 1,856
Other costs 2,121 2,524 2,121 2,524
130,507 141,694 130,507 138,715
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12 Fixed asset investments
2021 2020
f f
Unlisted
investments
Investment
in Spetchley Gardens		 Enterprises Limited
Listed investments
UK and overseas equities:
Market value at a 1April 2020 169,367 208,195
Acquisitions
at cost		 28,239 16,370
Disposals at opening book value or cost for new purchases
disposed of in the year (22,862) (14,161)
Gainsj(losses) on investments at 31March 2021 69,670 (41,037)
Market value at 31March 2021 244,414 169,367
Cash balance (held by brokers) 8,436 15,311
Investment
under management		 252,850 184,678
Historical cost as at 31March 2021
Equities and fixed interest securities 130,734 109,427
Cash 8,436 15,311
139,170 124,738
The amount off244,414above represents investments quoted on recognised
securities		 exchange.
UK securities 43,708 28,336
Overseas securities 200,706 141,031
244,414 169,367
13 Debtors Group Group Charity Charity
2021 2020 2021 2020
f f f f
Trade debtors 2,301 1,632 2,301 246
Spetchley Garden Enterprises Limited 6,028
VAT recoverable 4,681 2,817 4,681 3,557
SGCT Reviva
I		 32,214 32,214
Prepayments
and accrued income		 1,398 1,058 1,398 1,058
8,380 37,721 8,380 43,103
14 Credit:ors: amounts falling due within one year Group Group Charity Charity
2021 2020 2021 2020
f f f f
Trade creditors 17,039 27,001 17,039 26,753
Berkeley Settlement 83,049 10,702 83,049 9,598
Corporation
tax		 472
Accruals and deferred income 16,244 7,499 16,244 4,499
Other creditors 1,317 1,317
117,649 45,674 117,649 40,850
15 Analysis ofcharitable funds
Unrestricted Restricted Total Total
funds funds funds funds
2021 2021 2021 2020
f f f
Funds at 1April 2020 1,049,278 630,994 1,680,272 1,686,695
Incoming resources 248,814 248,814 297,714
Resources expended (240,092) (17,893) (257,985) (278,559)
Gains and losses 69,670 69,670 (25,578)
Funds at 31March 2021 1,127,670 613,101 1,740,771 1,680,272

Analysis ofgroup net assets between funds
Unrestricted Restricted Total Total
funds funds funds funds
f 2021f 2020
f
Tangible fixed assets 739,915 613,101 1,353,016 1,383,676
Investments 252,850 252,850 184,678
Net current assets
Funds at 31March 2021		 135,116
1,127,881		 613,101 135,116
1,740,982		 111,948
1,680,302

2020
Unrestricted Restricted Total
funds funds funds
Notes
Income from:
Donations and legacies 146,278 146,278
Charitable activities 87,393 32,462 119,855
Other trading activities 38,921 38,921
Investment income 20,681 20,681
Total 293,273 32,462 325,735
Expenditure on:
Raising funds 1,300 1,300
Charitable activities 259,037 46,915 305,952
Total 260,337 46,915 307,252
Net income/(expenditure) before gains on
investments 32,936 (14,453) 18,483
Losses on investment assets (25,578) (25,578)
Net movement
in funds		 7,358 (14,453) (7,095)
Total funds brought forward 1,041,950 645,447 1,687,397
Total funds carried forward 1,049,308 630,994 1,680,302

2020
Unrestricted Restricted Total
funds funds funds
Notes
Income from:
Donations
and legacies		 157,178 157,178
Charitable
activities		 87,393 32,462 119,855
Investment
income		 20,681 20,681
Total 265,252 32,462 297,714
Expenditure
on:
Raising funds 1,300 1,300
Charitable
activities		 230,344 46,915 277,259
Total 231,644 46,915 278,559
Net income/(expenditure) before gains on
investments 33,608 (14,453) 19,155
Losses on investment assets (25,578) (25,578)
Net movement
in funds		 8,030 (14,453) (6,423)
Total funds brought forward 1,041,248 645,447 1,686,695
Total funds carried forward 16 1,049,278 630,994 1,680,272