| CONTENTS | PAGES |
| Chairman’s Statement | 3-4 |
| Reference and Administrative Details | 5 |
| Objectives and Activities | 6-8 |
| Strategic Report including: | 9-11 |
| Achievements and performance | |
| Financial review | |
| Plans for Future Periods | |
| Principal Risks and Uncertainties | |
| Structure, Governance and Management | 12-14 |
| Independent Auditors’ Report to the Members | 15-17 |
| Consolidated Statement of Financial Activities | 18 |
| Comparative Consolidated Statement of Financial Activities | 19 |
| Consolidated Balance Sheet | 20 |
| Company Balance Sheet | 21 |
| Cash FlowStatement | 22 |
| Notes to the Financial Statements | 23-35 |
GREENHAM TRUST LIMITED
The Annual Report of the Directors and Trustees YEAR ENDED 31 MARCH 2021
best use of social media. These forums helped us to stay connected with our community, and we will continue to provide these as part of our new blended approach even when life returns to normal.
Greenham Trust supported projects during the year with total charitable giving of £5 million. We continue our support of key local organisations, including the Newbury Corn Exchange which has seen some significant challenges; as well as supporting many other organisations, both large and small, through our Community Grants Scheme.
We have offered a programme of matched funding called Trust Top Up for many years which provides up to £5,000 of matched funding for all eligible projects on The Good Exchange. In addition, during 2021 and due to - the nature of things being on-line during the pandemic, we held two "Double Matched" days when for a 24 hour period up to 10 organisations each time were able to obtain up to £10,000 of matching. These days proved very successful with donations being driven via social media and continuing long after the maximum matching thresholds had been reached.
As we come to the end, we hope, of the significant restrictions we have all faced due to COVID, I can look back and say that the Trust team has risen admirably to the significant challenges and has been a major force for good in our local communities. The team has continued to operate with high levels of professionalism and effectiveness, embracing new technology and modes of working to support our local communities when it was needed most.
Charles Brims Chairman
8 June 2021
4
GREENHAM TRUST LIMITED The Annual Report of the Directors and Trustees YEAR ENDED 31 MARCH 2021
Reference and Administrative Details
Company refernce numbr Charit rference numbr |
0334035 0 1062762 |
|---|---|
| Patrons | Sir Peter Michael |
| The Earl of Carnarvon | |
| Lord Iliffe | |
| Direcor and Trstees | Charles D Brims (Chairman) |
| David J Bailey | |
| Zoe Benyon | |
| C Julian Caza let | |
| Victoria Fishburn | |
| Biddy Hayward | |
| Graham Mather | |
| Sir Peter Michael | |
| Malcolm V Morris | |
| Fiona Spencer-Jones | |
| Justyn Waterworth | |
| Robert Woods | |
| Chief Executive Company Secretar |
Christopher G Boulton Oonagh Dockley |
| Registered and Principal Oice |
Liberty House The Enterprise Centre |
| Greenham Business Park | |
| Greenham, Thatcham | |
| Berkshire | |
| RG19 6HS | |
| Auditor | Crowe UK LLP |
| Aquis House | |
| 49-51 Blagrave Street | |
| Reading | |
| RGl lPL | |
| Banker | Svenska Handelsbanken AB |
| St Anthony's House | |
| Oxford Square, | |
| 9-21 Oxford St, Newbury, | |
| RG141JQ | |
| Barclays Bank Pie | |
| 4thFloor, Apex Plaza | |
| Forbury Road | |
| Reading | |
| RGl lAX | |
| Solicitor | Blandy & Blandy LLP |
| 1 Friar Street | |
| Reading | |
| RGl lDA |
5
Independent Auditors' Report to the Members of GREENHAM TRUST LIMITED
YEAR ENDED 31 MARCH 2021
material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006 and Taxation legislation.
We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be income recognition and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals and reviewing accounting estimates for biases.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and - cannot be expected to detect non compliance with all laws and regulations.
These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the group and charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the group and charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the group and charitable company and the group and charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Alastair Lyon (Senior Statutory Auditor)
For and on behalf of
Crowe U.K. LLP
Statutory Auditor Aquis House 49-51 Blagrave Street Reading Berkshire RGl lPL
Date: 14 July 2021
17
| Unrestricted | Restricted | Endowment | Total Funds | Total Funds | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | 2020 | ||
| Note | £ | £ | £ | £ | £ | |
| Income & Endowments from: | ||||||
| Donations & Legacies | 6,239,400 | |||||
| Other trading activities | 2 | 2,664,142 | - | 2,664,142 | 2,787,353 | |
| Investment Income | 3 | 6,636,002 | 262,832 | - | 6,898,834 | 6,336,291 |
| Charitable Activities | 4 | 30 | 489,109 | - | 489,139 | 134,334 |
| Total | 9,300,173 | 751,941 | - | 10,052,114 | 15,497,378 | |
| Expenditure on: | ||||||
| Raising Funds | 5 | 2,644,771 | - | 2,644,771 | 3,489,314 | |
| Investment management costs | 6 | 3,146,190 | 28,928 | - | 3,175,118 | 2,903,146 |
| Charitable Activities | 7 | 4,322,827 | 746,188 | - | 5,069,015 | 3,519,047 |
| Total | 10,113,788 | 775,116 | - | 10,888,904 | 9,911,507 | |
| Loss on impairment | - | - | - | - | (956,444) | |
| Netgains on investments | 2,352,493 | (734,424) | 13,281,971 | 14,900,040 | - | |
| Net (expenditure)/ incomeforthe year | 1,538,879 | (757,599) | 13,281,971 | 14,063,251 | 4,629,427 | |
| Net gains on fixed assets | - | - | - | - | 15,068 | |
| Net movement infunds | 1,538,879 | (757,599) | 13,281,971 | 14,063,251 | 4,644,495 | |
| Reconciliation offunds: | ||||||
| Total funds brought forward | 14,928,280 | 6,337,017 | 60,255,644 | 81,520,941 | 76,876,446 | |
| Transfers between funds | (628,000) | 628,000 | - | - | - | |
| Total funds carried forward | 15,839,159 | 6,207,418 | 73,537,615 | 95,584,192 | 81,520,941 |
| Unrestricted | Restricted | Endowment | Total Funds | Total Funds | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2020 | 2019 | ||
| Note | £ | £ | £ | £ | £ | |
| Income & Endowments from: | ||||||
| Donations& Legacies | 36,813 | 6,202,587 | - | 6,239,400 | 1,317 | |
| Other trading activities | 2 | 2,567,954 | 219,399 | - | 2,787,353 | 2,249,q96 |
| Investment Income | 3 | 6,404,929 | 94,612 | - | 6,336,291 | 5,969,991 |
| Charitable Activities | 4 | 134,334 | - | - | 134,334 | 64,751 |
| Total | 9,144,030 | 6,516,598 | - | 15,497,378 | 8,285,155 | |
| Expenditure on: | ||||||
| Raising Funds | 5 | 4,012,444 | - | - | 4,012,444 | 3,798,135 |
| Investment management costs | 6 | 2,380,016 | - | - | 2,380,016 | 1,912,872 |
| Charitable Activities | 7 | 3,502,716 | 179,581 | - | 3,519,047 | 2,646,168 |
| Total | 9,895,176 | 179,581 | - | 9,911,507 | 8,357,175 | |
| Loss on impairment | (956,444) | - | - | (956,444) | - | |
| Net gains on investments | 415,032 | |||||
| Net (expenditure)/ income forthe year | (1,707,590) | 6,337,017 | - | 4,629,427 | 343,012 | |
| Net gains on fixed assets | 15,068 | - | - | 15,068 | (23,463) | |
| Net movement in funds | (1,692,522) | 6,337,017 | - | 4,644,495 | 319,549 | |
| Reconciliation offunds: | ||||||
| Total funds brought forward | 16,620,802 | - | 60,255,644 | 76,876,446 | 76,556,897 | |
| Transfers between funds | ||||||
| Total funds carried forward | 14,928,280 | 6,337,017 | 60,255,644 | 81,520,941 | 76,876,446 |
| Notes | 2021 | 2020 | |
|---|---|---|---|
| Fixed Assets | £ | £ | |
| Intangible assets | 10 | 100 | 100 |
| Tangible assets | 11 | 244,948 | 329,415 |
| Investments | 12 | 105,299,277 | 87,234,103 |
| 105,544,325 | 87,563,618 | ||
| Current Assets | |||
| Debtors | 13 | 1,727,428 | 2,168,489 |
| Cash at Bank | 19,244,783 | 20,157,068 | |
| 20,972,211 | 22,325,557 | ||
| Creditors: Amounts falling due within one year | 14 | (5,932,344) | (3,368,234) |
| Net Current Assets | 15,039,867 | 18,957,323 | |
| Total Assets less Current Liabilities | 120,584,192 | 106,520,941 | |
| Creditors: Amounts falling due after more than one year | 14 | (25,000,000) | (25,000,000) |
| Net Assets | 95,584,192 | 81,520,941 | |
| The Funds ofthe Charity | |||
| Endowment Funds | 15 | 73,537,615 | 60,255,644 |
| Restricted Funds | 15 | 6,207,418 | 6,337,017 |
| Unrestricted Funds | 15 | 15,839,159 | 14,928,280 |
| Total Charity Funds | 95,584,192 | 81,520,941 |
| Notes | 2021 | 2020 | |
|---|---|---|---|
| Fixed Assets | £ | £ | |
| Tangible assets | 84,342 | 137,287 | |
| Investments | 103,514,257 | 85,602,991 | |
| 103,598,599 | 85,740,278 | ||
| Current Assets | |||
| Debtors | 13 | 1,067,362 | 1,519,937 |
| Cash at Bank | 17,877,143 | 19,361,326 | |
| 18,944,505 | 20,881,263 | ||
| Creditors: Amounts falling due within one year | 14 | (5,699,636) | (3,067,748) |
| Net Current Assets | 13,244,869 | 17,813,515 | |
| Total Assets less Current Liabilities | 116,843,468 | 103,553,793 | |
| Creditors: Amounts falling due after more than one year | 14 | (25,000,000) | (25,000,000) |
| Net Assets | 91,843,468 | 78,553,793 | |
| The Funds ofthe Charity | |||
| Endowment Funds | 70,033,708 | 56,905,645 | |
| Restricted Funds | 6,207,418 | 6,337,017 | |
| Unrestricted Funds | 15,602,342 | 15,311,131 | |
| Total Charity Funds | 91,843,468 | 78,553,793 |
| 2021 | 2020 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Net cash provided byoperating activities | 1 | (4,636,403) | 3,567,837 |
| Investment income received | 6,898,834 | 6,499,541 | |
| Net proceeds from sale! (purchase) of property | - | 24,993 | |
| Payments to acquire tangible fixed assets | (9,582) | (9,306) | |
| Payments in respect of capitalised development costs | (3,165,134) | (489,146) | |
| Payments relatingto additions to investment property | - | (5,730,956) | |
| Net cash (used in)/provided by investing activities | 3,724,118 | 295,126 | |
| Cash flows from financing activities | |||
| Borrowing draw down | - | - | |
| Repayment of borrowing | - | - | |
| Net cash (used in) investing activities | - | - | |
| Change in cash and cash equivalents | (912,285) | 3,862,963 | |
| Cash and cash equivalents brought forward | 20,157,068 | 16,294,105 | |
| Cash and cash equivalentscarried forward | 19,244,783 | 20,157,068 | |
| NQTETOTHECASHFLOWSTATEMENT | 1 | 2021 | 2020 |
| £ | £ | ||
| Reconciliation of net income/(expenditure) to net cash used in operating activities | |||
| Net income/(expenditure) forthe year | 14,063,251 | 4,644,496 | |
| Net gains on investments | (14,900,040) | - | |
| Loss on disposal oftangible fixed assets | - | 941,376 | |
| Donated investment property | - | (4,004,424) | |
| Investment income receivable | (6,898,834) | (6,499,541) | |
| Amortisation/ Depreciation | 94,049 | 490,749 | |
| Decrease/(increase) in debtors | 441,061 | (882,337) | |
| Increase! (decrease) in creditors | 2,564,110 | 280,892 | |
| Investment cash reclassified as cash | - | 8,596,626 | |
| (4,636,403) | 3,567,837 | ||
| At 1 April | At 31 March | ||
| 2020 | Cashflows | 2021 | |
| £ | £ | £ | |
| Cash | 20,157,068 | (912,285) | 19,244,783 |
| Loan notes due after one year | (25,000,000) | - | (25,000,000) |
| Net debt | (4,842,932) | (912,285) | (5,755,217) |
| 2 | Activitiesforgeneratingfunds | 2021 | 2020 |
| £ | £ | ||
| Income from supply ofservices | 2,664,142 | 2,787,353 | |
| 2,664,142 | 2,787,353 | ||
| 3 | Investment income | 2021 | 2020 |
| £ | £ | ||
| Gross rental income | 7,059,844 | 6,344,233 | |
| Gifts ofrent in kind | (359,190) | (163,250) | |
| Rental income | 6,700,654 | 6,180,983 | |
| Interest receivable | 198,180 | 155,308 | |
| 6,898,834 | 6,336,291 | ||
| 4 | Incoming resources from charitable activities | 2021 | 2020 |
| £ | £ | ||
| New Greenham Arts Income | - | 134,334 | |
| Appeal income | 489,139 | ||
| 489,139 | 134,334 | ||
| 5 | Cost of services & othercosts | 2021 | 2020 |
| £ | £ | ||
| Supply ofservices | 2,644,771 | 3,489,314 | |
| 2,644,771 | 3,489,314 | ||
| 6 | Investment management costs | 2021 | 2020 |
| £ | £ | ||
| Interest payable | 975,551 | 969,337 | |
| Other cost ofgenerating rental income | 2,199,567 | 1,933,809 | |
| Total costs ofgenerating rental income | 3,175,118 | 2,903,146 |
| Charitable Activities | ||||||||
|---|---|---|---|---|---|---|---|---|
| Grants to Institutions |
Grants to Individuals |
Subsidised Rents |
Partnerships | Peter Baker Fund |
2021 | 2020 | ||
| Category | £ | £ | £ | £ | £ | £ | £ | |
| Arts | 57,432 | - | 70,000 | 527,253 | 2,500 | 657,185 | 563,861 | |
| Community | 834,352 | - | 38,261 | 238,687 | 40,337 | 1,151,636 | 1,055,589 | |
| Education | 404,737 | 33,440 | - | 16,544 | 53,500 | 508,221 | 307,618 | |
| Health | 501,594 | - | - | 1,024,047 | 10,400 | 1,536,041 | 181,586 | |
| Nature & Conservation | 17,450 | - | - | - | 2,000 | 19,450 | 141,041 | |
| Sport | 207,815 | - | - | 45,000 | 10,830 | 263,645 | 347,265 | |
| Youth | 88,583 | - | - | (878) | 1,000 | 88,704 | 258,527 | |
| Disability | 74,981 | - | - | 200,000 | - | 274,981 | 217,182 | |
| Diversity | 52,400 | - | - | - | - | 52,400 | - | |
| Elderly | 6,000 | - | - | - | - | 6,000 | 45,736 | |
| Economic | 83,155 | - | - | - | - | 83,155 | 6,000 | |
| 2,328,499 | 33,440 | 108,261 | 2,050,652 | 120,567 | 4,641,419 | 3,124,405 | ||
| Support costs | 427,595 | 394,642 | ||||||
| Total | 5,069,014 | 3,519,047 | ||||||
| Material Grants paid and payableto Institutions are as follows: | 2021 | 2020 | ||||||
| Organisation | £ | £ | ||||||
| Corn Exchange Newbury | 451,145 | 452,921 | ||||||
| Newbury & Thatcham Hospital BuildingTrust | 750,000 | 61,948 | ||||||
| Mary Hare Foundation | 200,000 | - | ||||||
| Bradfield Hall ClO | 100,000 | - | ||||||
| Total | 1,501,145 | 514,869 | ||||||
| Grants to | Grants to | Subsidised | Peter Baker | |||||
| V Institutions |
Individuals | Rents | Partnerships | Fund | 2020 | 2019 | ||
| Category | £ | £ | £ | £ | £ | £ | £ | |
| Arts | 72,297 | - | - | 490,564 | 1,000 | 563,861 | 548,467 | |
| Community | 515,332 | - | 41,828 | 425,124 | 73,305 | 1,055,589 | 529,621 | |
| Education | 129,073 | 35,000 | - | 134,108 | 9,437 | 307,618 | 236,858 | |
| Health | 131,176 | - | - | - | 50,410 | 181,586 | 514,166 | |
| Nature & Conservation | 1,041 | - | - | 140,000 | - | 141,041 | 4,284 | |
| Sport | 147,061 | - | - | 190,704 | 9,500 | 347,265 | 179,013 | |
| Youth | 177,897 | - | - | 44,517 | 36,113 | 258,527 | 37,711 | |
| Disability | 132,557 | - | 50,613 | - | 34,012 | 217,182 | 41,905 | |
| Diversity | - | - | - | - | - | - | 58,783 | |
| Elderly | 45,736 | - | - | - | - | 45,736 | 43,966 | |
| Economic | 6,000 | - | - | - | - | 6,000 | - | |
| 1,358,170 | 35,000 | 92,441 | 1,425,017 | 213,777 | 3,124,405 | 2,194,774 | ||
| Support costs | 394,642 | 451,394 | ||||||
| Total | 3,519,047 | 2,646,168 | ||||||
| Material Grants paid and payableto Institutions are as follows: | 2020 | 2019 | ||||||
| Organisotion | £ | £ | ||||||
| Newbury & Thatcham Hospital Building Trust & Newbury District Cancer Care | Trust(Rosemary | Appeal) | - | 233,656 | ||||
| Corn Exchange Newbury | 452,921 | 409,261 | ||||||
| Newbury Community Resource Centre (Community Furniture Project) | 61,948 | 66,734 | ||||||
| Total | 514,869 | 709,651 |
| 8 | Support Costs | 2021 | 2020 |
|---|---|---|---|
| £ | £ | ||
| Management | 185,060 | 170,798 | |
| Finance | 53,287 | 49,181 | |
| Public Relations | 53,457 | 49,337 | |
| Administration | 18,967 | 17,506 | |
| Governance | 116,824 | 107,821 | |
| 427,595 | 394,642 | ||
| Suppport costs are allocated to activities on the basis oftime spent. | |||
| Auditors’ remuneration | 2021 | 2020 | |
| £ | £ | ||
| Fees payable to the company’s auditors and its associates for the audit ofthe company’s | 21,750 | 21,000 | |
| 9 | Payroll & Pensions | ||
| The aggregate payroll costs were: | 2021 | 2020 | |
| £ | £ | ||
| Wages & Salaries | 1,095,116 | 1,168,332 | |
| Social security costs | 122,659 | 134,763 | |
| Pension costs | 78,031 | 84376 | |
| 1,295,806 | 1,387,471 | ||
| The number of employees whose emoluments as defined fortaxation purposes amounted to over £60,000 in: | |||
| 2021 | 2020 | ||
| £230,000- £240,000 | 1 | 1 | |
| £140,000-E150,000 | - | 1 | |
| £130,000-E140,000 | 1 | 1 | |
| £110,000-E120,000 | 1 | 1 | |
| £70,000 - £80,000 | - | 1 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Administration | staff | 21 | 23 |
| 10 | Intangible assets | ||||
|---|---|---|---|---|---|
| Group | Total | ||||
| Cost | £ | ||||
| At 1 April 2020 | 100 | ||||
| Additions | - | ||||
| Disposals | - | ||||
| Impairment | |||||
| - | |||||
| At 31 March 2021 | 100 | ||||
| Amortisation | |||||
| At 1 April 2020 | - | ||||
| Charge forthe year | - | ||||
| Eliminated on disposal | - | ||||
| Eliminated on impairment | |||||
| - | |||||
| At 31 March 2021 | V | ||||
| - | |||||
| Net Book Value | |||||
| At3lMarch2O2l | 100 | ||||
| At3lMarch2O2O | 100 | ||||
| 11 | Tangible Fixed Assets | ||||
| Group | Equipment | Fixtures & Fittings |
Total | ||
| Cost | £ | £ | £ | ||
| At 1 April 2020 | 285,414 | 1,686,110 | 1,971,524 | ||
| Additions | 1,255 | 8,327 | 9,582 | ||
| Disposals | - | - | |||
| - | |||||
| At 31 March 2021 | 286,669 | 1,694,437 | 1,981,106 | ||
| Depreciation | |||||
| At 1 April 2020 | 271,594 | 1,370,515 | 1,642,109 | ||
| Charge for the year | 7,594 | 86,455 | 94,049 | ||
| Disposals | - | - | |||
| - | |||||
| At 31 March 2021 | 279,188 | 1,456,970 | 1,736,158 | ||
| Net Book Value | |||||
| At 31 March 2021 | 7,481 | 237,467 | 244,948 | ||
| At 31 March 2020 | 13,820 | 315,595 | 329,415 | ||
| Company | |||||
| Cost | |||||
| At 1 April 2020 | 40,672 | 1,013,164 | 1,053,836 | ||
| Additions | - | - | - | ||
| Disposals | - | - | |||
| - | |||||
| At31 March 2021 | 40,672 | 1,013,164 | 1,053,836 | ||
| Depreciation | |||||
| At 1 April 2020 | 40,672 | 875,877 | 916,549 | ||
| Charge for the year | - | 52,945 | 52,945 | ||
| Disposals | - | - | |||
| - | |||||
| At 31 March 2021 | 40,672 | 928,822 | 969,494 | ||
| Net Book Value | |||||
| At 31 March 2021 | - | 84,342 | 84,342 | ||
| At 31 March 2020 | - | 137,287 | 137,287 |
| Investments | Group | Group | Company | Company |
|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |
| £ | £ | £ | £ | |
| UK investment property | 105,299,277 | 87,234,103 | 101,795,369 | 83,884,103 |
| Cash investments | - | - | ||
| Investments in group undertakings | - | - | 1,718,888 | 1,718,888 |
| 105,299,277 | 87,234,103 | 103,514,257 | 85,602,991 | |
| Movement in market value of UK investments | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Market value at 1 April | 87,234,103 | 86,095,351 | ||
| Net gains! (losses) on revaluation in the year | 14,900,040 | - | ||
| Donated property assets | - | 4,004,424 | ||
| Acquisitions at cost | 3,165,134 | 5,730,955 | ||
| Disposals | - | - | ||
| Transfers from cash | - | (8,596,627) | ||
| Marketvalue at 31 March | 105,299,277 | 87,234,103 | ||
| Historical cost at 31 March | 44,018,646 | 40,853,512 |
| 04495954 | 09761102 | 10291683 | |
|---|---|---|---|
| GBP | TGE | GCT | |
| £ | £ | £ | |
| Balance Sheet | |||
| Fixed Assets | 3,662,782 | 1,732 | 100 |
| Net current assets/(liabilities( | 1,617,279 | 43,944 | 133,771 |
| Liabilities over one year | - | - | - |
| Net Assets | 5,280,061 | 45,676 | 133,871 |
| Shareholders’ Funds | |||
| Share capital | 1,718,886 | 1 | 550,000 |
| Reserves | 3,561,175 | 45,675 | (416,129) |
| Total Funds | 5,280,061 | 45,676 | 133,871 |
| Profit & Loss Account | |||
| Income | 3,315,018 | 1,563,093 | 1,465,500 |
| Expenditure | (2,622,670) | (250,249) | (89,617) |
| Profit! (Loss) for the year | 692,348 | 1,312,844 | 1,375,883 |
| Debtors | Group | Company | ||
| 2021 | 2020 | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Trade debtors | 1,082,725 | 1,691,437 | 858,853 | 1,364,754 |
| Amounts owed by group undertakings | - | 24,733 | ||
| Other debtors | 370,325 | 279,378 | 155,516 | 84,113 |
| Prepayments | 225,146 | 197,674 | 52,993 | 46,336 |
| Tax recoverable | 49,232 | |||
| 1,727,428 | 2,168,489 | 1,067,362 | 1,519,937 | |
| Creditors: Amounts falling due within one year | Group | Company | ||
| 2021 | 2020 | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Trade creditors | 763,834 | 157,838 | 741,998 | 134,066 |
| Amounts owed to subsidiary undertakings | 147,311 | 142,792 | ||
| Othertaxation & social security | 171,193 | 115,158 | 105,487 | 102,228 |
| Other creditors | 290,029 | 31,913 | 276,307 | 20,000 |
| Accruals & deferred income | 4,707,288 | 3,063,325 | 4,428,533 | 2,668,663 |
| 5,932,344 | 3,368,234 | 5,699,636 | 3,067,748 | |
| Group | Company | |||
| 2021 | 2020 | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Deferred income brought forward | 1,128,303 | 849,634 | 1,041,239 | 825,121 |
| Released in the year | (1,128,303) | (849,634) | (1,041,239) | (825,121) |
| Introduced in the year | 1,246,699 | 1,128,303 | 1,175,067 | 1,041,239 |
| Deferred income carried forward | 1,246,699 | 1,128,303 | 1,175,067 | 1,041,239 |
| Creditors: Amounts falling due after morethan oneyear | Group | Group | Company | Company |
|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |
| £ | £ | £ | £ | |
| Bank Loan | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 |
| Funds Analysis | ||||
|---|---|---|---|---|
| Group | 2021 | |||
| Endowment | Restricted | Unrestricted | Total | |
| £ | £ | £ | £ | |
| Investments | 78,400,682 | 3,270,000 | 23,628,595 | 105,299,277 |
| Fixed Assets | - | - | 245,048 | 245,048 |
| Net current assets | - | 2,937,418 | 12,102,449 | 15,039,867 |
| Bank Loans | (10,507,544) | - | (14,492,456) | (25,000,000) |
| Transfers | 5,644,478 | - | (5,644,478) | |
| Net Assets | 73,537,615 | 6,207,418 | 15,839,159 | 95,584,192 |
| Funds | ||||||
|---|---|---|---|---|---|---|
| brought | Funds carried | |||||
| forward | Income | Expenditure | Transfer | Gains/ Losses | forwards | |
| £ | £ | £ | £ | £ | £ | |
| Peter Baker Fund | 5,602,007 | 253,160 | (149,495) | - | (734,424) | 4,971,248 |
| Abbeyfield (Newbury) Society Fund | 735,010 | 9,672 | - | - | - | 744,682 |
| Coronavirus Emergency Appeal Fund | - | 246,429 | (369,158) | 278,000 | - | 155,271 |
| Laptops for learning Appeal Fund | - | 142,680 | (240,220) | 250,000 | - | 152,460 |
| Survivingto Thriving Mental Health Fund | - | 100,000 | (16,243) | 100,000 | - | 183,757 |
| Total restricted funds | 6,337,017 | 751,941 | (775,116) | 628,000 | (734,424) | 6,207,418 |
| Endowment | 60,255,644 | - | - | - | 13,281,971 | 73,537,615 |
| Unrestricted | 14,928, 280 | 9,300,173 | (10,113,788) | (628,000) | 2,352,493 | 15,839,159 |
| Total Funds | 81,520,941 | 10,052,114 | (10,888,904) | - | 14,900,040 | 95,584,192 |
| Company 2021 | ||||||
| Endowment | Restricted | Unrestricted | Total | |||
| £ | £ | £ | £ | |||
| Investments | 74,896,774 | 3,270,000 | 25,347,483 | 103,514,257 | ||
| Fixed Assets | - | - | 84,342 | 84,342 | ||
| Net current assets | - | 2,937,418 | 10,307,451 | 13,244,869 | ||
| Bank Loans | (10,507,544) | - | (14,492,456) | (25,000,000) | ||
| Transfers | 5,644,478 | - | (5,644,478) | |||
| Net Assets | 70,033,708 | 6,207,418 | 15,602,342 | 91,843,468 |
| Funds Analysis continued | ||||||
|---|---|---|---|---|---|---|
| Funds | ||||||
| brought forward |
Income | Expenditure | Transfer | Gains! Losses | Funds carried forwards |
|
| £ | £ | £ | £ | £ | £ | |
| Peter Baker Fund | 5,602,007 | 253,160 | (149,495) | - | (734,424) | 4,971,248 |
| Abbeyfield (Newbury) Society Fund | 735,010 | 9,672 | - | - | - | 744,682 |
| Coronavirus Emergency Appeal Fund | 246,429 | (369,158) | 278,000 | - | 155,271 | |
| Laptops for learning Appeal Fund | - | 142,680 | (240,220) | 250,000 | - | 152,460 |
| Surviving to Thriving Mental Health Fund | - | 100,000 | (16,243) | 100,000 | - | 183,757 |
| Total restricted funds | 6,337,017 | 751,941 | (775,116) | 628,000 | (734,424) | 6,207,418 |
| Endowment | 56,905,645 | - | - | - | 13,128,063 | 70,033,708 |
| Unrestricted | 15,311,131 | 7,770,208 | (9,203,490) | (628,000) | 2,352,493 | 15,602,342 |
| Total Funds | 78,553,793 | 8,522,149 | (9,978,606) | - | 14,746,132 | 91,843,468 |
| Group | 2020 | |||||
|---|---|---|---|---|---|---|
| Endowment | Restricted | Unrestricted | Total | |||
| £ | £ | £ | £ | |||
| Investments | 69,329,117 | 4,004,424 | 13,900,562 | 87,234,103 | ||
| Fixed Assets | - | - | 329,515 | 329,515 | ||
| Net current assets | - | 2,332,593 | 16,624,730 | 18,957,323 | ||
| Bank Loans | (9,073,473) | - | (15,926,527) | (25,000,000) | ||
| Transfers | ||||||
| Net Assets | 60,255,644 | 6,337,017 | 14,928,280 | 81,520,941 | ||
| Funds brought |
Income | Expenditure | Transfer | Gains! Losses | Funds carried forwards |
|
| £ | £ | £ | £ | £ | £ | |
| Peter Baker Fund | - | 5,781,588 | (179,581) | - | - | 5,602,007 |
| Abbeyfield (Newbury) Society Fund | - | 735,010 | - | - | - | 735,010 |
| Total restricted funds | 6,516,598 | (179,581) | - | - | 6,337,017 | |
| Endowment | 60,255,644 | - | - | - | 60,255,644 | |
| Unrestricted | 16,620,802 | 9,144,030 | (9,895,176) | - | (941,376) | 14,928,280 |
| Total Funds | 76,876,446 | 15,660,628 | (10,074,757) | - | (941,376) | 81,520,941 |
| Company 2020 | ||||||
| Endowment | Restricted | Unrestricted | Total | |||
| £ | £ | £ | £ | |||
| Investments | 65,979,118 | 4,004,424 | 15,619,449 | 85,602,991 | ||
| Fixed Assets | - | - | 137,287 | 137,287 | ||
| Net current assets | - | 2,332,593 | 15,480,922 | 17,813,515 | ||
| Bank Loans | (9,073,473) | - | (15,926,527) | (25,000,000) | ||
| Transfers | ||||||
| Net Assets | 56,905,645 | 6,337,017 | 15,311,131 | 78,553,793 |
| Funds Analysis continued | ||||||||
|---|---|---|---|---|---|---|---|---|
| Funds | ||||||||
| brought forward |
Income | Expenditure | Transfer | Gains! | Losses | Funds carried forwards |
||
| £ | £ | £ | £ | £ | £ | |||
| Peter Baker Fund | - | 5,781,588 | (179,581) | - | - | 5,602,007 | ||
| Abbeyfield (Newbury) Society Fund | - | 735,010 | - | - | - | 735,010 | ||
| Total restricted funds | - | 6,516,598 | (179,581) | - | - | 6,337,017 | ||
| Endowment | 56,905,645 | - | - | - | - | 56,905,645 | ||
| Unrestricted | 18,639,567 | 7,577,908 | (10,371,415) | - | (534,929) | 15,311,131 | ||
| Total Funds | 75,545,212 | 14,094,506 | (10,550,996) | - | (534,929) | 78,553,793 |
| Lessorcommitments | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Amounts falling due on Tenant leases in less than 12 months | 5,471,273 | 4,869,718 |
| Amounts falling due on Tenant leases in 2 to 5 years | 14,593,891 | 15,669,898 |
| Amounts falling due on Tenant leases in more than 5 years | 23,639,227 | 28,151,609 |
| Total amounts falling due on Tenant leases | 43,704,391 | 48,691,225 |
| 2021 | 2020 | |
|---|---|---|
| Amounts owedby group componies | £ | £ |
| The Good Exchange | - | 11,773 |
| Greenham Common Trading | - | 12,960 |
| - | 24,733 | |
| Amounts owed to group companies | ||
| Greenham Business Park | 147,311 | 142,792 |
| 2021 | 2020 | |
| Amounts chorged to componies in the year: | £ | £ |
| Greenham Common Trading | - | 44,243 |
| Greenham Busines Park | 135,988 | 115,042 |
| 135,988 | 159,286 | |
| Amounts chorgedby companies in the yeor: | ||
| Greenham Busines Park | 2,744,353 | 2,592,842 |
| 2,744,353 | 2,592,842 |