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|||||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|||||
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||||||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|
##
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||||||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|
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||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|
##
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|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|
##
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##
|||||||||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|