Moggerhanger House Preservatlon Trust Trustees, Report and Unaudlted Accounts For the year ended 31 March 2023 Registered Company Number: 03439272 Charity Registration Number: 1064907 Moggerhanger House Preservation Trust (Company Limited by Guarantee) Trustees, Report and Unaudited Accounts for the year ended 31 March 2023
Moggerhanger House Preservatlon Trust Trustees, Report and Unaudfted Accounts For the year ended 31 March 2023 CONTENTS Pages Trustees, Report Independent Examinerfs Report Statements of Financial Activities Balance Sheets Notes to the Accounts 10 11-12 13-24
Moggerhanger House Preservatlon Trust Trustees, Report and Unaudlted Accounts For the year ended 31 March 2023 The Trustees present their report and unaudlted accounts forthe yearended 31 March 2023. Trustees who completed thelr terms of offlce durlng the year 2022123 Andrew Boyd Stupple (appointed 2V0212023) Kim Pearson {appointed 07103120231 David Kenneth Parry (appointed 0410412023) Ruth Bromhall (resigned 04/04/2023) George Carter (resigned 2110312023) Kenneth Ebbage {resigned 23107/2023) Joanna Hewit (resigned 21/02/2023) Adam Menuge {resigned 21103/2023) Robert Rowe (resigned IO/1012022} ChaSr Andrew Boyd Stupple Reglstered Office Moggerhanger House Bedford Bedfordshire MK443RW
Moggerhanger House Preservatlon Trust Trustees, Report and Unaudtted Accounts For the year ended 31 March 2023 The financial statements comply with the Charlties Att 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting of Charities: Statements of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 102) {effective l January 2015). Objectlves and Actlvlties The Charity's prlncipal objective and activity continues to be . to preserve for the benefit of the townspeople of Borough of Bedford in the county of Bedfordshire and of the nation at large, the building known as Moggerhanger house, the park, Moggerhanger, Bedford and the land appurtenant thereto and to use the same for the advancement of the Christian religion Publlc Beneflt Statement The Trustees confirm thatthey have complied with the duty in sectiorb 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on Public Benefit, Charities and Public BenefiL Achievements and performance 2022123 The trustees continue to maintaln the fabric of the listed building and during 2023, restoration of part of the roof was undertaken as a part of their responslbllities to maintain this historic house. Day to day trading In the House, utilising the space as a hotel, B&B and conference venue, was through a wholly owned subsidiary called Moggerhanger Park Services Limited (MPSL). Following the appointment of a liquidator for MPSL on 30 January 2023, a strategic review of the whole ba515 of the business model for managing Moggerhanger House and estate was instigated and optlons for a long-term sustainable solution for the whole estate are beln8 sought. During this prosS, several trustees saw it as time to move on from their roles, and new trustees, aligned to a new sustainable vision were appointed. The review has only concluded during the final calendar quarter of 2023 and the Trustees are confident that a new model of preservation. restoration and running of the whole estate is feasible.
Moggerhanger House Preservation Trust Trustees, Report and Unaudlted Accounts For the year ended 31 March 2023 Financlal Revlew 2022123 Income Income for the year 2022123 amounted to £150.4k {2022: £251.7k} a decrease of £101.2k on last year. Expenditure Charitable expenditure for 2022123 amounted to £262k (2022: £361k} a decrease of £98.6k from the prlor year. this was in line with the decrease in income and management expectations. Reserves Total reserves as at 31 March 2023 were £7.32m (2022: £7.43m) a decrease of £111.6k. The restricted reserves held by the charity We £5.8m {2022: £5.9m) unrestricted reserves as at 31 March 2023 were £1.5m (2022: £1.6m). Further details of the Moggerhanger House Preservation Trust's reserve policy can be found on page 8. Golng Concern The trustees have prepared a busine55 plan as a part of the future strategic direction of the Charity. where new sources of income will generate surpluses to invest back in the estate. In order to transition to the new buslness model, the existing investment portfolio is belng re-mortgaged to raise funds to sustain the Charity through this period. Investments Trustees have the powerto invest funds If and when they become available, this is kept under periodic review. Structure. Governance and Management The Charity is a company limited by guarantee, governed by a Memorandum and Articles of Association.
Moggerhanger House Preservation Trust Trustees, Report and Unaudlted Accounts For the year ended 31 March 2023 The Compan¢s objects and Articles of Association as submitted to the Charity Commission and Companies House follow that: The Centre for Moggerhanger House Preservation Trusys Board is the ultimate decision-making body to manage the organisation on a day-to-day basis. Trustees will also be known as directors. The number of Trustees is subject to 3 maximum of 12 but shall never be less than four. Any appointment of reappointment of a Trustee will be for a term of three years. The Directors may appoint a person who is willing to act to be a Director. A Directors shall cease to hold office if he or she resigns but this Is subject to there being two trustees to remain in offi. At each AGM one third of the Trustees will retire from office In order of their respective terms in office. Statement of Trusteeg Responslbilitles The Trustees (who are also Directors of Centre for Contemporary Ministry Limited for the purposes of company law} are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accountin8 Practice). Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the Charitsble Company and of the incoming resources and application of resources, includlng the income and expenditure, of the charity for that year. In preparing these financial statements, the Trustees are required to: Select suitable accounting policies and then apply them consistently. Observe the methods and principles in the Charities SORP 2015 {FRS 102}. Make judgements and estimates that are reasonable and prudent. State whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements; and Prepare the financial ststements on the going concern basis unless it Is inappropriate to presumethatthe Charitsble Comp3nywill continue In operation. The Trustees are responsible for keeping adequate accounting records that disc105e with reasonable accuracy at any time the financial position of the Charltable company and enable them to ensure that the flnancial ststements comply with the Companles
Moggerhanger House Preservatlon Trust Trustee Report and Unaudlted Accounts For the year ended 31 March 2023 Act 2006. They are also responsible for safeguarding the assets of the Charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Directors are responsible for the maintenance and integrity of the corporate and financial information included on the Charitable Companvs website, Legislation in the United Kingdom governing the preparation and dissemination of the flnancial statements may dlffer from legislation in other jurisdictions. Trustee Inductlon and tralning Once new Trustees have been appointed, they go through an internal induction process where they are invited to meet key Trustees. During their induction, new Trustees are briefed on their legal obligations under charity and company law. Organlsation The governing body of the Charity is the Board of Trustees, which met quarterlyduring the year 2022/23. There are 3 Trustees currently in office. On the Board meeting held December 2022, under the Articles of Assoclatlon12} and (3) the Board agreed to admit harvest Vision Limited as the sole memberof the Charity. Rlsk and Internal Control The Trustees have overall responsibility for ensuring that the Charity has an approprlate system of controls, financial and otherwise. Trustees are also responsible for safeguarding the assets of the Charity and taking reasonable steps for the prevention and detection of fraud and other irregularities providing reassurance that: The Charity complies with relevant laws and regulations. Its assets are safeguarded against unauthorised use or disposition. Proper records are maintained. and financial information used within the Charity or for publication is reliable. The prlncipal risks facing the Charity are financial in ensuring that sufficient monies are available to ensure the continuity of ongoing activities of the Charity. The Charity is looking to mitigate this risk by revlewing diverse and sustainable sources of income to achieve its strateglc objectives.
Moggerhan8er House Preservatlon Trust Trustees, Report and Unaudited Accounts For the year ended 31 March 2023 Reserves Pollcy A majority of the Charivs assets are in the form of buildings, land or chattels which are germane to the Soane buildin& the Repton landscape and heritage. At certain times there may be cash in the fomi of grants for speciflc purposes or projects and which must be accounted for to the grantor. These are considered Te5tricted funds. The charity investments consist of solety property whlch Is part of the estate and considered integral to the operation of the Charlty. The Charity has free reserves of £nll {2022 :£nll). The building up of cash reserves to fund future dilapldations and improvements continuesto be of paramount importance to the Trustees. Plans for the future The trustees are concluding on their strategic review and decided to return to vision forthe future that is aligned with the"Original Intent" orvision for the use of the estate that was established in 1986. Moggerhanger Park would be a centre where leaders would gather, away from the daily routine of lrfe and work, for the purpose of seeking what God is saying to them for their particular task of leadership. These include leaders from political life. industryi academia, and the Church. Plans are being put in place to move to this model during 2024. Klm Pearson Trustee Date: 12 December 2023
Moggerhan8er House Preservatlon Trust Trustees, Report and Unaudited Accounts For the year ended 31 March 2023 Indep¢ndent examlneV$ report to the trustees of Mo8ierhang•r House Preservatlon Tt fthe CompanVI I report to the charitytrusteeson mYexamiI10n of the accDuntsof the Companyfortheyearended 31 March 2023. Respon51bllleS and bas1$ of rep•)rt As the charkvs trustees of the Company laftd also its dlreclors for the purposes of Company lawl you are responslble ft)r the preparation of the a(xounts In accordance with the requirements of the Companies Act 20061'the 2rJ)6 Act'l. H3vlng satisfied myself that the accounts of the Company a noi requlred to be audlted under Part 16 of the 2006 Act and are ell8ible for independent examlnath)n, I report in respert of my ex2minatn of your charity's account5 as carried out under section 145 of the Charities Act 20111.the 2011 Act'l. In carrying out my examinatlon I have followed the Direetlons given ty the Charity Commission under sectlon 145{51 Ibl of the 2011 Act. Independent examlnerfs statement I have completed my examination. l eonfimi that no matters have come to my attentn in connection wlth the examination giving me cause to belie%T- accounting recordswere not kept in respect of the Company as requlred by seCtn 386 of the 2CQ6 Act; or the accounts do not accord wlth those record5." or the accounts do not comply with the a¢countln8 requlrements of sectlon 396 of the 2006 Art other than any requlrement that the accounts glve a tft and falrvlew whlch Is not a matter considered as part of an indepetKlent examination- or the accounts have not been wepared In accordance wlth the metlM)ds arld prin¢lple5 Qf the Statement of Recommended Practice for accounting and reporting by charities lappllcable to ch8ritles preparing thelr account5 In accordance wlth the Rnancial Reporting StarKlard applicable in the UK and Republic of IrelaTrJ IFRS 102)). I draw users attentlon to the &oing Conrn infom)ation induded in the flnandal review within the Trustees, Report in order to enable a proper understandln8 of accounts to be reached. I have no other toncems and have come #ross no other matters In connection wlth the examinatlon to which attention should be drawn in this report In order to enable a woper understanding of the accounts to be reached. Colin Airey FCCA of George Hay Partnershlp LLP Chartered Accountants 8rlgham House Hlgh Street Biggleswade Bedfordshlre SGI8 OLD Date: 20th December 2023
Moggerhanger House Preservation Trust Trustees, Report and Unaudlted Accounts For the year ended 31 March 2023 Statement of Hnancial Artlvltles Including Income and Expendlture Account For The Year Ended 31 March 2023 Unrestricted Restrlcted Total Total Notes Funds Funds 2023 2022 Income Donations and grants Charitable activlties Investment income Other income 41.243 26.303 31.168 38.669 13,089 54,332 26,303 31,168 38,669 218,602 948 32,199 Total Incoming resources Ex enditure 137,383 13,089 150,471 251,749 Costs of raising funds Charitable activities Other Expense5 20,500 224.703 115,493 135,858 14,618 135.858 126,191 111,573 Total expendlture 150,476 111.573 262,049 360,696 Transfer between reserves {20,436) 20,436 Net movement In funds {33,529) (78.048) (111.578) (108,947) econciliation of Funds Fund Balance at l April 2022 I65,911 5.866A32 7.432.243 7,541,190 Total funds ¢arrled forward 1,532?82 5.788,284 7.320.665 7,432,243 All of the activities of the Charitable Company are classified as continuing. The notes on pa8es 13-24 form part of these financial statements. 10
Moggerhanger House Preservatlon Trust Trustees, Report and Unaudited Accounts For the year ended 31 March 2023 Balante Sheet As at 31 March 2023 2023 2022 Notes Flxed Assets Tangible Assets Herita8e assets Investments 706.641 5,187,460 1.653,060 747.161 809,954 5,187,460 1,653,060 7,650,474 Current Assets Debtors Cash at bank and In hand 9,656 7,591 17,247 22,801 25,041 47,842 Current Ilabllltles Amounts falling due within one year (88,171) (104,602) Net current assets 170.924) {56,760) Total assets less current Ilabilltles 7A76,237 7,593,714 Long term Ilabllltie5 Amounts falling due greater than one year (155,572) (161,471) Net Assets 7,320,665 7,432,243 The funds of the Charlty Restrlcted funds Heritage Assets Restoration of Moggerhanger House and landscape 5,187.460 5.187.460 600A24 678,872 5,788,284 1532,382 5,866,332 1,565,911 7,432,243 Unrestricted funds 7,320,665 11
Moggerhanger House Preservation Trust Trustees, Report and Unaudlted Acc(wnts For the year ended 31 March 2023 For the year endlng 31 March 2023 the companywas entitled to exemption from audit undersection 477 of the Companies Act 2006 related to small companies. The member has not required the company to obtsin an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the provisions applicable to small companies subjert to the small companies, regime and in accordance with FRS102 SORP. The notes on pages 13-24 form part of these financial statements Approved by the Board of Trustees 12 December 2023 and signed on its behalf by; Klm Pearson Trustee 12
Moggerhanger House Preservatlon Trust Trustees, Report and Unaudlted Accounts For the year ended 31 March 20Z3 Notes form[ part of the Flnandal Ststements for the year ended 31 March 2023 Accountlng Pollcles The principal accounting policies adopted. judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: (a) Basls of Preparation The financial statements have been prepared in accordance wlth Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance wlth the Financial Reporttng stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2015) (Charities SORP FRS 102) and the Companles Act 2LM)6. Assets and Ilabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accountlng policy note(s). They are prepared in sterling which is the functional currency of the Charitable Company and rounded to the nearest £1. (b) Preparatlon of the accounts on a golng concern basls The Trustees have considered the financial sustainabllity of the charity for both existing and future funding streams. The Trustees are confident that both the cost management measures taken as well as the decision to re- mortgage the existing investment portfoliowill securethe immediate future of the charity. This assessment is made for the next 12 to 18 month5 and it is on that on this basis the assessment of the trustee5 is that the Charity is a going concern. (c) Incorne All Incoming resources are included in the statement of financial activities when the Charity is entitled to the income, there is sufficient certainty of receipt and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income. Donations serViS orfacilities are recognised when the company has control over the item, any conditions ass(Kiated with the donated item have been 13
Moggerhanger House Preservatlon Trust Trustees, Report and Unaudlted Accounts For the year ended 31 March 2023 met, the receipt of the economlc benefitfrom the use of the company of the item is probable and such a benefit can be measured reliably. In accordance with the Charitie5 SORP {FRS 102), the time of volunteers is not recognised. On receipt donated services and facilities are recognised on the basis of the value of the grft to the company which is the amount the company would have been willing to pay to obtain the serviceslfacility of equivalent economlc benefit on the open market; a corresponding amount Is then recognised in expenditure in the period of receipt. Income tax recoverable In relation to donations reIved under Gift Aid or deeds of covenant is recognised at the tlme of the donation. Trading Income Is recognised when an event take5 place. Rental Income is recognised when received with any income in advanced belng deferred to the relevant period. Grant income is recognised inline with the agreement or when expenditure Is Incurred. Interest on funds held on deposit Is included when recelved. {dl Expendlture Expendlture is recognised once there Is a legal or constructive obligation to make a payment to a thlrd party, it is probable that settlement will be required. and the amount of the obligation can be measured reliably. The accounts are prepared on the accruals basis, liabilities are recognised as resources expended as soon as there is a legal or constructive obllgation committlng the Charity to expenditure. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates. Expenditure on raising funds consists of all those expenses that are Incurred by trading for a fundraising purpose In either donated or brought-in-goods or in provlding non-charltable services to generate Income, as well as the costs associated with attracting voluntsry income. Expenditure on charitable activities comprise all the resources applied by the Charity in undertaking Itsworkto meetits charftable objectives as well asthe cost of raising the funds to flnance these activities and governance costs. 14
Mo88erhanger House Preservatlon Trust Trustees, Report and Unaudlted Accounts For the year ended 31 March 2023 Charitable activities are all the resources expended by the CharTty in the delivery of goods and services, including its programme and project work that is directed at the achlevement of its charitable aims and objectives. These costs include direct costs of the charitable activities together with those support costs incurred that enable these activities to be undertaken, as well as governance costs which relate tothe general runnlng of the Charity as opposed to the direct management functions inherent in generating funds, Service dellvery and programme of project work. These activities provide the governance infrastructure which allows the Charity to operate and to generate the information required for public accountability and include the strategic planning purposes that contribute to future development of the Charity. Governance costs include such items as external audit, legal advice for Trustees and costs associated with the constitutional and ststutory requirements of the Charity. All costs are allocated between the expendtture categories of the Statement of Financial Activities (SOFA) on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis. (e) Tangible flxed assets Depreciation is provided atthe following rates in orderto write off each asset over its estimated useful life:_ Improvements to property -10% on cost Plant and machinery -not provided Fixtures and fittings -33% on cost Freehold property improvements relate to landscaping works completed at Moggerhanger. These works were completed in 2016 and maintenance work will be required in future years to Pvent any visual deterioration. As a result, the landscaping works were depreciated Over 50 years. Since April 2019 the pollcy was changed to depreciated over 10 years. The Trustees considered their value to be impaired. Antiques relate to items of antique furnitu purchased for use within Mo88erhanger House. Although these assets are In use, due to the nature the Trustees considered their value to be impaired. 15
Moggerhanger House Preservation Trust Trustees. Report and Unaudlted Accounts Forthe year ended 31 Marth 2023 (f) Herltage assets Heritage a55ets are fixed assets which are of historical significance and are held in order to support the preservation and conservation objectives of the Charity. As such, they comprise of Moggerhanger House and ground, which is carried at the original cost or valuation when it was transferred to the Charity plus the cost of additions to date to restore both the property and grounds. Heritage assets are not depreciated, as the Trustees consider that the lives of these assets are sufficiently long and their residual value, based on prices prevailing at the time of acquisition and subsequent valuation, are sufficiently high that thelr depreciatlon is insignificant. Any permanent diminutlon in value caused by obsolescence is charged to the SOFA as appropriate. Any general repairs and maintenance are written off in the year to which they relate. (g) Investment property Investment property is shown at Its most rent valuatlon. Any aggregate surplus or deficit arislng in changes to fair value is recognised in the SOFA. (h) Cash at bank and In hand Cash at bank and cash in hand Includes cash and short term hlghly liquld investments With a short maturity of three to six months. (i) Fund Accountlng General funds are unrestrTCted funds are available for use at the dlscretion of the Trustees In furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds can only be used in accordance with specific restrictlons imposed bydonor, orwhlch have been raised bythe company for a particular purpose, The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial ststements. 16
Mo8gerhan8er House Preservatlon Trust Trustees. Report and Unaudlted Accounts For the year ended 31 Marth 2023 2 Legal status of the Trust The Charlty is a company limited by guarantee and has no share capital. In the event of the charlty being wound up. the liability in respect of the guarantee is limited to £1 per member of the charity. 3 Income Donatlons and legacies In¢ome Unrestricted 2023 Restrlcted 2023 Total 2023 Total 2022 Donatlons Grants 41.243 41,243 13,957 13.089 204,645 13,089 Totsl 41,243 13,089 54.332 218,602 2022- £7,957 of Donations related to unrestricted funds, and £6,000 restricted. Grants - £41,796 related to unrestricted funds, and £162,849 restricted. Charitable actlvltles income Unrestrfcted 2023 Restrlcted 2023 Total 2023 Total 2022 Events Accommodation Tea room and catering Other 3,155 5,011 16.930 1.207 3,155 5,011 16.930 1.207 370 578 Total 26,303 26,303 948 All income in 2022 was unrestricted. Investment Income Unrestrlcted 2023 Restrlcted 2023 Total 2023 Total 2022 Rents recelved Bank Interest 30,980 188 30,980 32,180 188 19 Total 31,168 31.168 32,199 AII 2022 income was unrestricted. 17
Moggerhanger House Preservation Trust Trustees, Report and Unaudited Accounts For the year ended 31 March 2023 Other Income Unrestrlcted 2023 Restricted 2023 Totsl 2023 Total 2022 National Heritage Bedfordshire Rural Central Beds Council 25.LN)O 10.489 3,180 25,000 10,489 3.180 Total 38.669 38,669 4 Expendlture The Staternent of Financial Activities provides an analysis of the resources expended by the charity by the nature of attivities undertaken by the charity. Resources expended are split into two main activity categories: (a) Expenditure on Charitable Activities and (b) Costs of raising funds (a) Expendlture on tharllable actlvltles (b) Empenditure on raInE fund5 2023 Total March 23 2022 Total Marketing Staff costs Trainin8 Catering, Room and event costs Building and ground maintenance Instjrance Rates and utlllties Tele hone Sundrles Waste Legal and Bad Debts Bank charges Bank loan interest De reclatlon Governance costs 20,500 22,164 3,335 17A24 17,424 10,502 11643 28,183 27,549 3,936 318 900 3.933 17.635 10,502 12,643 28.183 27,549 3,936 318 900 3,933 17,63S 403 7,732 126,191 4,700 139,080 23,700 18,857 1,465 297 723 4,434 rofessional 7,732 126.191 4,700 6,296 115,493 4,350 Total Resources Expended 262,048 262,048 360.696 In 2022 £92.904 of Charitable expenditure was unrestricted, £127,449 restricted. All 2022 governance costs were unrestricted. In 2022 other expenses £15,433 was unrestricted and £100,060 restritted. 18
Moggerhanger House Preservatlon Trust Trustees, Report and Unaudlted Accounts Forthe year ended 31 March 2023 5 Net Income/lExpendlture) Net Income/(Expenditure) is stated after chargin(credItIng)- 2023 2022 Independent examiner fees Accountancy fees Depreclation owned assets 2,21XI 2,500 126,191 3,800 550 115,493 6 Trustees No Trustee or any persons connected with them received any remuneration or expenses durlng the year (2022: nil). 7 Staff costs 2023 2022 Wages and salaries Other penslon costs 15,229 2,195 21,700 464 17,424 22,164 The average number of employees in the year was l (2022.1). No employee received employee benefrts (excluding employer pension costs) of more than £60,000 (2022: nil). 19
Moggerhan8er House Preservation Trust Trustees, Report and Unaudlted Accounts For the year ended 31 March 2023 8 Tanglble Flxed Asset5 Improvements Plant & to property Machlnery Flxture5 and flttln85 Total Costs As 01 April 2022 Addltions Disposals 1,222.122 22,878 32,462 221,567 1,476,151 22,878 As at al March 2023 1.245.000 32,462 221,567 1.499,029 Depreclatlon As 01 Aprll 2022 Charge for the year Disposals 4M9,513 122,642 216,684 3,549 666,197 126,191 As at 31 Mar¢h 2023 572,155 220,233 792.388 Net Book Value 31 March 2023 672,845 31462 1,334 706,641 Net Book Value 31 March 2022 772,609 32,462 809,954 9 Herltage assets Moggerhanger Noe & grounds Costs less Impalrrnent As l Aprll 2022 Addltions 5,187.460 As at 31 March 2023 5,187,460 Net Book Value 31 March 2023 5.187.460 Net Book Value 31 March 2022 5.187,460 There have been no heritage asset transactions in the last five years. The Charlty holds in trust Moggerhan8er House and ground. National and internation31 stsndards in the care of the house and grounds and followed with every endeavour to protect and safeguard the asset for future generations. 20
Moggerhanger House Preservatlon Trust Trustees. Report and Unaudlted Accounts For the year ended 31 March 2023 10 Investments Flxed asset Invesiments Shares In group undertaklngs Costs As 01 Aprll 2022 As at 31 March 2023 Provlsions As 01 Aprll 2023 and 31 March 2023 As at 31 March 2023 Net Book Value 31 March 2023 Net Book Value 31 March 2022 There were no Investment assets outslde of the UK. At the balan sheet date, the companvs investment in shares included - Moggerhanger Park Services Llmited -100% Ordinary shareholdlng Registered company number 13621750 Moggerhanger Park Limited -ICKI% Ordinary shareholding Registered company number 04964099 Moggerhanger Park Services Limited (MPSL) was incorporated on 14 September 2021 and is a wholly owned subsidiary of Moggerhanger House Preservation Trust. On 20 January 2023 liquidators were appointed for MPSL. As at the date of signing this proces5 was ongoin& this has therefore been provided for. Moggerhanger Park Limited is a wholly owned subsidiaryof Moggerhanger House Preservation Trust and is currently not trading . INVESTMEPtr PROPERTY Costs les$ Impalrments As l April 2022 1,653,059 As at 31 Marth 2023 1,653.059 Net Book Value 31 fvqarch 2023 Net Book Value 31 Marth 2022 1.653,059 1,653,059 21
Moggerhanger House Preservation Trust Trustees, Report and Unaudited Accounts For the year ended 31 March 2023 The 2023 valuations were made byTrustees, on an open marketvalue for existing use basls. Cost less impairment as at 31 March 2023 is represented by: Valuation in 21XY3 234,035 Valuation in 2012 (ioo,000) Costs 1,519,024 1.653,059 11 Debtors 2023 2022 Prepayments VAT 187 9A69 2,119 20,682 9.656 22,801 An amount of £17,635 is due from Moggerhanger Park Servlces Limited (2C122: (£2,445)) as the company has gone into liquidation, this amount has been fully provlded for as at 31103/2023. 12 Credftors amounts falllng due wlthln one year 2023 2022 Bank loans and overdrafts Trade creditors Accruals and deferred income Taxatlon and social security Other creditors 13.222 48,198 19,770 2,056 4,925 49,046 47,127 1,168 7,261 88.171 104,602 As at 31/03/2023 within accruals and deferred income there is £11.7k whlch relates to deferred income (2022: £nil). This relates to amounts paid in advance for accommodatlon and afternoon tea for the financial year 2024. Withln Bank loan5 and overdraft £13.222 is a secured debt compromising of a mortgage on the investment property which Slts within investments. 22
Moggerhan8er House Preservatlon Trust Trustees, Report and Unaudfted Accounts For the year ended 31 March 2023 13 Credltors amounts falling due wlthln one year 2023 2022 Bank loans 155,5n 161,471 Totsl 155,572 161,471 Within Bank loans £114.348 is a secured debt compromising of a mortgage on the investment property whlch sits wlthin investments. 14 Taxatlon The Company is a registered Charity, and no provision Is consldered necessary for taxation to the extent that income and gains are applied to Its charitable objects. 15 Related party transactlons As atthe year-end 2023 there wasa loan repayableto Mr Cwhitbread for£41,224 (2022:£41,224). Thls loan was made in yearended March 2016 by Mr C Whitbread who was a former dlrector of the subsidiary company. The charity shares common trustees and offlce5 With the following charities and companies: Harvest Vision Limlted Centre for Contemporary Ministry Ltd 23
Moggerhanger House Preservatlon Trust Trustees, Report and Unaudlted Accounts For the year ended 31 March 2023 16 Analysls of Fund Movements Balance at I Movement in funds Transfer of funds Balance at 31 Aprll 2022 Income Expendlture Mar 2023 Restricted Fund5 Unrestricted Funds 5.866,332 1.565.911 13,089 137.383 111.573 150,576 20.436 {20.436) 5,788,284 1,532.382 Total Funds 7,432243 150.471 262.049 7,320.665 Balance at I Movement In funds Balance at 31 Prior Year Aprll 2021 Income Expendlture March 2022 Restricted Funds Unrestricted Funds 5,945,492 1.595,698 168,849 82,900 248,009 112,687 5,866,332 1,565,911 Total Funds 7,541,190 251,749 360,696 7,432,243 17 Analysis of Net Assets Between Funds UnrÉstrfcted Restrlrted funds funds Total Fund balances at 31 March 2023 are represented bv: 1,758,877 5,788,284 7,547,161 17.247 17,247 (88,171) (88,171) {155.572) 1155,572) 1,532,381 5,788,284 7,320,665 Fixed Assets Current Assets Current liabilities Long term liabilities Total Fund balances at 31 March 2022 are represented by: Fixed Assets 1,773,495 5,876,979 7,650,474 Current Assets 22.816 25,026 47,842 Current liabilities (68,9291 {35,673) (104,602) Long term Ilablllties (161,471) {161,4711 Total 1,565,911 5,866,332 7,432,243 24