2021-03-31-accounts - The Alnwick Garden Trust

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				Page
Reference and administrative			details
Chairman's	statement
Trustees' report				3-13
Trustees' responsibilities		statement		14
Independent	auditor's report			15-18
Consolidated	statement	offinancial activities		19
Consolidated	balance sheet			20
Company balance sheet				21
Consolidated	statement	ofcash flows		22
Notes to the	financial statements			23-47

Trustees			The Duchess of Northumberland
			Jonathan Blackie CBE, Chair
			Richard Hutton
			John Lovett
			SirJames Leigh-Pemberton
			SirJames Mackey
Company	registered
number			04584694
Charity registered
number			1095435
Registered		office	The Alnwick Garden
			Gardeners Cottage
			Greenwell Road
			Alnwick
			Northumberland
			NE66 1HB
Chief executive officer			Mark Brassell
Independent		auditor	UNW LLP
			Citygate
			StJames' Boulevard
			Newcastle upon Tyne
			NE1 4JE
Bankers			Barclays Bank
			Morpeth
			Northumberland
			NE61 3YY
Solicitors			Ward Hadaway
			Sandgate House
			102Quayside
			Newcastle upon Tyne
			NE1 3DX

					2020-21				2018-19	2017-18	2017-18	2016-17
									6		6	6
Revenue
Admissions (including Friends	and Gilt Aid)				1,441,331		2,558,414	2,545,925		2,506&961		2,373,922
Retail Sales					276,T18		560,697		897,793		701,672	597,586
Catering Sa&&es								1,318,618		1,375,845		1,304„604
R~al and Other Revenue					139,038		72I88782		421,318		328,879	239,401
Other Income					763,043		34,989		27,139		4,714	51,184
Total Revenue					2&976&465		3&882&882	5&010&793		4&917&871		4&586&697
Direct Costs
Admissions Direct Costs					626,382		972,711		815,472		749,878	683,541
Retail CostofSales and direct	casts				321,490		474,382		549,605		519,790	457,781
Catering CostoiSales and direct		costs			431,803			1,069,116		1,17T,810		1,083,400
Other Direct Costs							15,613		12,'144		14,999
Total Direct Coats					1@79&675		1,462,706	2~@37		2,462&477		2/24&722
Gross Profit					1+96,790		2,420,176	2	&i64&456	2&455&394		2@41&975
Operating Costs
Garden k&faintenance					277,004		334.928		339,292		303,251	284.774
Marketing and Communication					190,675		337,956		371,536		351,099	318,023
Mara@enient and Administrahon					398,593		392,117		420,154		424,140	412,296
Other StaffCosts					7,422				14,015		17,992	21,629
Other Overheads					95,071		90,357		94,28T		101,093	106,900
Premises Costs					246,182		448,552		316,482		320,237	280,534
Repairs and k&taintenance					182,T99		153,003		21T,T20		213,311	205,703
Total Operating Costs					1@97,746		1,766+54	1,773,466		1,731,123		1/29/59
Operating Revenue before Capital Investment and Impact Activity					199P44		654,122		790/90		724/71	712,116
Capkal lnvestrrent - Charged to Profit			end Loss		164,031		233,720		194,636		236,284	97,975
Capital investment —Capkaksed					227,618		297,517		222,584		408,555	464,569
EWTDA Before Impact Activity					(192,605)		122&885		323&770		79,432	149~2
Costs ofImpact Activky					137,192		250,830		181,786		161,059	167,306
Oonatens toward Impact Activity					(23,166)		(98,350)		(109,134)	(146,974)		(92,760)
EBITDAAfter Impact Activity					(306&631)		(29~)		251,117		65~7	T5,025
The table above demonstrates			The Garden's		consistently		strong Operating		Revenue	over the last five years.
This has been underpinned		by	a stringent	control over costs and a solid				visitor fooffall.		The operating		revenue
surpluses are reinvested	in the		operations	of the Garden,			with decisions	made by trustees			on a case	by case
basis. There are primarily		three areas		for	ongoing	investment to expand			and enhance		the Charity's	public
benefit which are:

			Unrestricted
			Capital	Restricted	Unrestricted	Total	Total
			fund	funds	funds	funds	funds
		Note	2021 F	2021	2021 E	2021 E	2020f
Income from:
Donations and	legacies			1,005,507	770,395	1,775,902	116,466
Charitable activities					1,385,444	1,385,444	2,476,453
Other trading activities				9,750	743,461	753,211	1,427,302
Other income					9,655	9,655	2,248,480
Total income				1,015,257	2,908,955	3,924,212	6,268,701
Expenditure on:
Raising funds			108,319		1,150,373	1,258,692	1,211,973
Charitable activities			1,418,175	2,806	1,936,967	3,357,948	4,104,087
Total expenditure			1,526,494	2,806	3,087,340	4,616,640	5,316,060
Net income I (expenditure)			(1,526,494)	1,012,451	(178,385)	(692,428)	952,641
Transfers between
funds		20	1,211,631	(973,300)	(238,331)
Net movement funds	in		(314,863)	39,151	(416,716)	(692,428)	952,641
Reconciliation	of
funds:
Total funds brought
forward			13,536,219	500,191	660,514	14,696,924	13,744,283
Net movement	in funds		(314,863)	39,151	(416,716)	(692,428)	952,641
Total funds carried forward			13,221,356	539,342	243,798	14,004,496	14,696,924

				2021		2020
		Note		E
Fixed assets
Tangible assets		14		16,011,973		15,101,260
				16,011,973		15,101,260
Current assets
Stocks		16	101,678		118,128
Debtors		17	402,993		488,859
Cash at bank and in hand			10,486,424		10,799,048
			10,991,095		11,406,035
Creditors: amounts	falling due within one
year		18	(1,472,291)		(468,851)
Net current assets				9,518,804		10,937,184
Total assets less current liabilities				25,530,777		26,038,444
Creditors: amounts	falling due after more
than one year		19		(11,526,281)		(11,341,520)
Total net assets				14,004,496		14,696,924
Charity funds
Capital fund		20		13,221,356		13,536,219
Restricted funds		20		539,342		500,191
Unrestricted funds		20		243,798		660,514
Total funds				14,004,496		14,696,924

		Note		2021 E		2020f
Fixed assets
Tangible assets		14		15,619,012		14,795,854
Investments		15		2		2
				15,619,014		14,795,856
Current assets
Debtors		17	203,926		40,573
Cash at bank and	in hand		10,059,477		10,145,903
			10,263,403		10,186,476
Creditors: amounts	falling due within one
year		18	(2,184,786)		(552,990)
Net current assets				8,078,617		9,633,486
Total assets less	current liabilities			23,697,631		24,429,342
Creditors: amounts	falling due after more
than one year		19		(10,964,035)		(10,872,008)
Total net assets				12,733,596		13,557,334
Charity funds
Capital fund		20		13,328,144		13,700,326
Restricted funds		20		539,342		500,191
Unrestricted funds		20		(1,133,890)		(643,183)
Total funds				12,733,596		13,557,334

		2021	2020
Cash flows from operating activities
Net cash provided by operating activities		1,705,805	260,076
Cash flows from investing activities
Purchase oftangible fixed assets		(1,830,929)	(454,739)
Interest on Retail Charity Bond capitalised		(500,000)
Net cash used in investing activities		(2,330,929)	(454,739)
Cash flows from financing activities
Receipt of Retail Charity Bond			9,776,479
Receipt ofloans		500,000
Repayment of loans		(187,500)
Net cash provided by financing activities		312,500	9,776,479
Change in cash and cash equivalents	in the year	(312,624)	9,581,816
Cash and cash equivalents brought forward		10,799,048	1,217,232
Cash and cash equivalents atthe end	ofthe year	10,486,424	10,799,048
The notes on pages 23to47form part ofthese financial statements

		Restricted	Unrestricted	Total
		funds	funds	funds
		2021	2021f	2021 E
Donations		5,507	4,485	9,992
Government	grants	1,000,000	765,910	1,765,910
		1,005,507	770,395	1,775,902
		Restricted	Unrestricted	Total
		funds	funds	funds
		2020	2020	2020
				F
Donations		87,808	10,072	97,880
Government	grants		18,586	18,586
		87,808	28,658	116,466

		Unrestricted	Total	Total
		funds	funds	funds
		2021	2021	2020
		E	E	E
Gift Aid and admissions	donations	217,406	21?,406	365,740
Admissions		1,168,038	1,168,038	2,110,713
Total 2021		1,385,444	1,385,444	2,476,453

	Restricted	Unrestricted	Total
	funds	funds	funds
	2021	2021	2021
	E	E
Fundraising	9,750		9,750
Sponsorship		2,800	2,800
	9,750	2,800	12,550
	Restricted	Unrestricted	Total
	funds	funds	funds
	2020	2020	2020
	E	E	E
Fundraising	14,414	382	14,796
Sponsorship		4,000	4,000
	14,414	4,382	18,796

					Unrestricted	Total	Total
					funds	funds	funds
					2021	2021	2020
						E	E
Subsidiary	trading	to	third	parties	740,661	740,661	1,408,506

					Unrestricted	Total
					funds	funds
					2021	2021
					E	f.
Interest	income				9,655	9,655
					Unrestricted
					Capital	Total
					fund	funds
					2020	2020
						E
Interest	income	(see	note	19)	2,248,480	2,248,480

			Unrestricted
			Capital	Unrestricted	Total
			fund	funds	funds
			2021	2021	2021
			f	E	E
Direct fundraising		costs
Subsidiary	trading	costs	108,319	1,150,373	1,258,692
			108,319	1,150,373	1,258,692

			Unrestricted
			Capital	Unrestricted	Total
			fund	funds	funds
			2020	2020	2020
				F	F
Direct fundraising		costs		270	270
Subsidiary	trading	costs	102,603	1,109,100	1,211,703
			102,603	1,109,370	1,211,973

			Unrestricted
			Capital	Restricted	Unrestricted	Total
			fund	funds	funds	funds
			2021	2021	2021	2021
			E
Visitor	services		99,910		1,169,439	1,269,349
Charitable		programmes		2,806	134,346	137,152
Garden	maintenance		1,318,265		633,182	1,951,447
			1,418,175	2,806	1,936,967	3,357,948

Summary	by fund type (continued	)
		Unrest icted
		Capital	Restricted	Unrestricted	Total
		fund	funds	funds	funds
		2020	2020	2020f	2020
Visitor services		94,255		1,554,879	1,649,134
Charitable	programmes		158,353	104,259	262,612
Garden maintenance		1,281,234		911,107	2,192,341
		1,375,489	158,353	2,570,245	4,104,087

		Direct	Support	Total
		costs	costs	funds
		2021	2021	2021
			K
Visitor services		760,184	509,165	1,269,349
Charitable	prog rammes	137,152		137,152
Garden maintenance		1,851,537	99,910	1,951,447
		2,748,873	609,075	3,357,948

		Direct	Support	Total
		costs	costs	funds
		2020	2020	2020
			F
Visitor services		1,024,396	624,738	1,649,134
Charitable	programmes	262,612		262,612
Garden maintenance		2,098,086	94,255	2,192,341
		3,385,094	718,993	4,104,087

Direct costs
		2021	2020
		F
Visitor services costs		246,073	395,335
Charitable programme	costs	7,090	56,121
Garden maintenance	costs	250,873	472,959
Staff costs		948,924	1,179,445
Depreciation		1,295,913	1,281,234
		2,748,873	3,385,094

Support costs
	2021	2020
	K
Office costs	242,010	373,196
Staff costs	267,155	251,542
Interest	99,910	94,255
	609,075	718,993

Staff costs
				Group	Group	Company	Company
				2021f	2020	2021 F	2020 E
Staff costs	were as follows:
Wages and	salaries			1,660,318	1,591,908	116,596	189,142
Social security costs				129,639	102,173	10,437	13,331
Contribution	to defined	contribution	pension
schemes				69,794	67,700	3,029	4,018
				1,859,751	1,761,781	130,062	206,491

		Group	Group
		2021	2020
		No.	No.
Facilities management		2
Food and beverage		15
Gardeners		12	14
Visitor services		27	28
Arts		2	8
Finance and	administration	5	11
Commercial		3	3
Retail		7	9
Community	and education	6	6
		79	81

Group	Group
2021	2020
No.	No.

	Assets	Fixtures,
	under	fittings and	Motor	Garden
	construction	equipment	vehicles	infrastructure	Total
		E	K	E
Cost orvaluation
At 1 April 2020		1,233,335	85,377	31,001,099	32,319,811
Additions	2,103,311	197,579		30,039	2,330,929
Disposals		(1,815)		(38,975)	(40,790)
Transfers between classes	143,749			(143,749)
At 31 March 2021	2,247,060	1,429,099	85,377	30,848,414	34,609,950
Depreciation
At 1 April 2020		901,260	78,148	16,239,144	17,218,552
Charge for the year		118,282	5,214	1,280,740	1,404,236
On disposals		(113)		(24,697)	(24,810)
At 31 March 2021		1,019,429	83,362	17,495,187	18,597,978
Net book value
At 31 March 2021	2,247,060	409,670	2,015	13,353,227	16,011,972
At 31 March 2020		332,076	7,229	14,761,955	15,101,260

	Assets	Fixtures,
	under	fittings and	Garden
	construction	equipment	infrastructure	Total
	E	E	K
Cost or valuation
At 1 April 2020		304,063	30,857,635	31,161,698
Additions	2,103,311		30,039	2,133,350
Disposals			(38,975)	(38,975)
Transfers between classes	143,749		(143,749)
At 31 March 2021	2,247,060	304,063	30,704,950	33,256,073
Depreciation
At 1 April 2020		220,842	16,145,002	16,365,844
Charge for the year		20,286	1,275,628	1,295,914
On disposals			(24,697)	(24,697)
At 31 March 2021		241,128	17,395,933	17,637,061
Net book value
At 31 March 2021	2,247,060	62,935	13,309,017	15,619,012
At 31 March 2020		83,221	14,712,633	14,795,854

	Name					Company Holding Included	Company Holding Included	Company Holding Included	Company Holding Included	in
						number		consolidation
	Alnwick	Garden Enterprises		Limited		04579518		100% Yes
	The financial		results ofthe subsidiary		for the year were:
	Name				Income	Expenditure		Profit for	Net	assets
					f.		F.	the year
								F
	Alnwick	Garden Enterprises		Limited	1,420,242		1,288,932	131,310	1,270,902
16.	Stocks
								Group		Group
								2021		2020
								F		F
	Goods for resale							101,678		118,128
17.	Debtors
					Group		Group	Company	Company
					2021		2020	2021		2020
							F	F		F
	Trade debtors				3,263		272,644			14
	Amounts	owed by related parties				772	1,006	772		1,006
	Other debtors				104,565		72,911	1,364		2,460
	Prepayments		and accrued income		294,393		142,298	201,790		37,093
					402,993		488,859	203,926		40,573

		Group	Group	Company	Company
		2021	2020	2021	2020
Bank loans		250,000
Trade creditors		293,192	163,133	158,260	68,540
Amounts owed to group undertakings				1,605,842	392,024
Amounts owed to related parties		114,312	80,522
Other taxation and social security		44,620	27,800	1,651	4,069
Other creditors		28,596	28,303
Accruals and deferred	income	741,571	169,093	419,033	88,357
		1,472,291	468,851	2,184,786	552,990

Statement offunds - current	year
					Balance at
	Balance at 1			Transfers	31 INarch
	April 2020	Income	Expenditure	in/out	2021
	F
Unrestricted funds
Designated funds
Appeals	20,953	2,800	(230)		23,523
Programme Fundraising	33,817	4,484	(178)		38,125
Tractors	408				408
General funds
General funds	605,336	2,901,671	(3,086,934)	(238,331)	181,742
Unrestricted funds - capital
Capital fund	13,536,219		(1,526,494)	1,211,631	13,221,356
Restricted funds
Roots &Shoots	50,122	997	(1,023)		50,096
Urban Project	2,325				2,325
Young Gardeners	7,430	1,250			8,680
Drugs Education	12,724	2,260	140		15,124
Enterprise Programme		7,000		26,700	33,700
Elderberries	39,989	500	(1,901)		38,588
Travelling Elderberries	3,794				3,794
Blooming Well	33,623		(48)		33,575
Play Area	22,902				22,902
Family Fun Day	153				153
All Our Stories	281				281
Winter Lighting Project	3,933		26		3,959
Mobility Scooters	6,432				6,432
Elderberries Centre - Capital	16,704				16,704
Elderberries Centre - Costs	7,286				7,286
Capital donations	292,493	1,003,250		(1,000,000)	295,743
	500,191	1,015,257	(2,806)	(973,300)	539,342
Total offunds	14,696,924	3,924,212	(4,616,840)		14,004,496

Statement offunds - prior yea	r
					Balance at
	Balance at			Transfers	31 March
	1 April 2019	income	Expenditure	in/out	2020
			F		F
Designated funds
Appeals	23,530	4,015	(6,592)		20,953
Programme Fundraising	31,176	6,707	(1,387)	(2,679)	33,817
Tractors	408				408
General funds
General funds	781,571	3,907,277	(3,671,636)	(411,876)	605,336
Unrestricted funds - capital
Capital fund	12,400,995	2,248,480	(1,478,092)	364,836	13,536,219
Restricted funds
Roots 8 Shoots	44,174	35,668	(29,720)		50,122
Urban Project	2,325				2,325
Young Gardeners	7,520	776	(866)		7,430
Drugs Education	28,312	11,821	(27,409)		12,724
Enterprise Programme	8,502	26,700	(37,881)	2,679
Elderberries	85,211	13,155	(58,377)		39,989
Travelling Elderberries	3,794				3,794
Blooming Well	32,473	2,470	(1,320)		33,623
Play Area	22,902				22,902
Family Fun Day	153				153
All Our Stories	281				281
Winter Lighting Project	55,951	3,750		(55,768)	3,933
Mobility Scooters	6,404	28			6,432
Elderberries Centre - Capital	16,704				16,704
Elderberries Centre -Costs	6,026	4,040	(2,780)		7,286
Capital donations	185,871	3,814		102,808	292,493
Total offunds	13,744,283	6,268,701	(5,316,060)		14,696,924

Analysis	of n	et assets between funds -	current year
			Unrestricted
			Capital	Restricted	Unrestricted	Total
			fund	funds	funds	funds
			2021	2021	2021	2021
						F
Tangible	fixed	assets	16,011,973			16,011,973
Current	assets			539,342	10,450,981	10,990,323
Creditors	due	within one year			(1,471,519)	(1,471,519)
Creditors	due	in more than one year	(2,790,617)		(8,735,664)	(11,526,281)
Total			13,221,356	539,342	243,798	14,004,496

Analysis	ofn	et assets between funds -	prior year
			Unrestricted
			Capital	Restricted	Unrestricted	Total
			fund	funds	funds	funds
			2020	2020	2020	2020
					F
Tangible	fixed	assets	15,101,260			15,101,260
Current	assets			500,191	10,905,844	11,406,035
Creditors	due	within one year			(468,851)	(468,851)
Creditors	due	in more than one year	(1,565,041)		(9,776,479)	(11,341,520)
Total			13,536,219	500,191	660,514	14,696,924

				Group	Group
				2021	2020
					P
Net income	for the year (as per Statement ofFinancial Activities)			(692,428)	952,641
Adjustments	for:
Depreciation	charges			1,404,236	1,383,837
Loss on the	sale offixed assets			15,980	89,903
Decrease/(increase)		in stocks		16,450	(23,376)
Decrease in	debtors			85,866	23
Increase in	creditors			853,349	11,273
Non cash changes to loan finance				22,352	(2,154,225)
Net cash provided		by operating	activities	1,705,805	260,076

Analysis ofcash and cash equivalents	Analysis ofcash and cash equivalents
		Group	Group
		2021	2020
		F
Cash	in hand	10,486,424	10,799,048
Total	cash and cash equivalents	10,486,424	10,799,048

					Other non-
			At 1 April		cash	At 31 March
			2020	Cash flows	changes	2021
					F	F
Cash	at bank and	in hand	10,799,048	(312,624)		10,486,424
Debt	due after 1 year		(1,565,041)		(99,909)	(1,664,950)
Debt	due within 1	year		(250,000)		(250,000)
			9,234,007	(562,624)	(99,909)	8,571,474

			Group	Group	Company	Company
			2021	2020	2021	2020
			F		F	F
Contracted	for but not provided	in these
financial	statements
Acquisition	oftangible fixed assets		840„579		840,579