2020-12-31-accounts

Trustees	TheEarlofBessborough
	MrRMDavies
	ViscountDuncannon	(Appointed22September 2020)
	MrCDNickolds
	MrYPetsopoulos
	MrRGMTassell
	MrsCFVilliers	(Appointed11January2021)
	MrRJAWates	(Appointed11January2021)
Charity number	1101251
Companynumber	4907189
Principaladdress	StanstedPark
	RowlandsCastle
	Hampshire
	P096DX
Registeredoffice	StanstedPark
	RowlandsCastle
	Hampshire
	P096DX
Auditors	JonesAvensLimited
	PiperHouse
	4DukesCourt
	BognorRoad
	Chichester
	WestSussex
	P0198FX
Bankers	BarclaysBankpic
	81ALondonRoad
	Waterlooville
	Hampshire
	P077ER
Solicitors	GeorgeIdeLLP
	52NorthStreet
	Chichester
	WestSussex
	P0191NQ
Investmentmanagers	CazenoveCapitalManagement
	Schroder&CoLimited
	12Moorgate
	London
	EC2R6DA

	Page
Trustees'report	1-4
StatementofTrustees'responsibilities	5
Independentauditor'sreport	6-9
Statementoffinancialactivities	10-11
Summaryincomeandexpenditureaccount	12
Balancesheet	13-14
Statementofcashflows	15
Notestothefinancialstatements	16-37

		Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	funds		15month
						period
		2020	2020	2020	2020	2019
	Notes	£	£	£	£	£
Incomeandendowmentsfrom:
Donationsandlegacies	3	20,508	16,690	-	37,198	91,173
Charitableactivities	4	182,365	-	-	182,365	307,851
Othertradingactivities	5	39,782	-	-	39,782	231,735
Investments	6	1,022,961	-	19,314	1,042,275	1,294,899
Otherincome	7	68,979	-	-	68,979	20,674
Totalincomeandendowments		1,334,595	16,690	19,314	1,370,599	1,946,332
Expenditureon:
Raisinqfunds
Investmentproperty costs	8	413,706	-	-	413,706	480,591
Eventsexpenditure	8	36,813	-	-	36,813	274,141
Investmentmanagement	8	-	-	10,221	10,221	13,076
		450,519	-	10,221	460,740	767,808
Charitableactivities
Houseandgardens	9	634,641	-	-	634,641	1,031,535
Forestry	9	152,003	8,425	-	160,428	242,572
Woodfuelproduction	9	14,098	-	-	14,098	16,507
Totalcharitableexpenditure		800,742	8,425	-	809,167	1,290,614
Totalresourcesexpended		1,251,261	8,425	10,221	1,269,907	2,058,422
Netgains/(losses)oninvestments	13	-	-	(56,170)	(56,170)	139,733
Netincoming/(outgoing)resources
beforetransfers		83,334	8,265	(47,077)	44,522	27,643
Grosstransfersbetweenfunds	15	12,318	-	(12,318)	-	-
Netmovementinfunds		95,652	8,265	(59,395)	44,522	27,643
Fundbalancesat1January2020		262,006	-	39,175,378	39,437,384	39,409,741
Fundbalancesat31December
2020		357,658	8,265	39,115,983	39,481,906	39,437,384

Priorfinancialperiod(15months)
		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds
		2019	2019	2019	2019
	Notes	£	£	£	£
Incomeandendowmentsfrom:
Donationsandlegacies	3	53,190	37,983	-	91,173
Charitableactivities	4	307,851	-	-	307,851
Othertradingactivities	5	231,735	-	-	231,735
Investments	6	1,270,613	-	24,286	1,294,899
Otherincome	7	20,674	-	-	20,674
Totalincomeand endowments		1,884,063	37,983	24,286	1,946,332
Expenditureon:
Raisinqfunds
Investmentpropertycosts	8	480,591	-	-	480,591
Eventsexpenditure	8	274,141	-	-	274,141
Investmentmanagement	8	-	-	13,076	13,076
		754,732	-	13,076	767,808
Charitableactivities
Houseandgardens	9	1,031,535	-	-	1,031,535
Forestry	9	240,072	2,500	-	242,572
Woodfuelproduction	9	16,507	-	-	16,507
Totalcharitableexpenditure		1,288,114	2,500	-	1,290,614
Totalresourcesexpended		2,042,846	2,500	13,076	2,058,422
Netgains/(losses)oninvestments	13	-	-	139,733	139,733
Netincoming/(outgoing)resourcesbefore
transfers		(158,783)	35,483	150,943	27,643
Grosstransfersbetweenfunds	15	37,983	(37,983)	-	-
Netmovementinfunds		(120,800)	(2,500)	150,943	27,643
Fundbalancesat1October2018		382,806	2,500	39,024,435	39,409,741
Fundbalancesat31December2019		262,006	_	39,175,378	39,437,384

	Allincomefunds
	Year	15Month
		Period
	ended	ended
	31December	31December
	2020	2019
	£	£
Grossincome	1,351,285	1,922,046
Transferfromendowmentfunds	12,318
Totalincomeinthereportingperiod	1,363,603	1,922,046
Totalexpenditurefromincomefunds	1,259,686	2,045,346
Netincome/(expenditure)fortheyear	103,917	(123,300)

		2020	2019
	Notes
Fixedassets
Tangibleassets	16	11,305,665	11,319,890
Heritageassets	17	9,235,591	9,229,331
Investmentproperties	18	17,173,743	17,364,005
Investments	19	2,578,930	2,492,507
		40,293,929	40,405,733
Currentassets
Stocks	21	3,335	3,335
Debtors	22	110,611	88,069
Cashatbankandinhand		421,987	296,297
		535,933	387,701
Creditors:amountsfallingduewithin	23
oneyear		(269,768)	(260,651)
Netcurrentassets		266,165	127,050
Totalassetslesscurrentliabilities		40,560,094	40,532,783
Creditors:amountsfallingdueafter	24
morethanoneyear		(1,078,188)	(1,095,399)
Netassets		39,481,906	39,437,384
Capitalfunds
Endowmentfunds-general
Generalendowment funds		15,696,099	15,711,773
Revaluationreserve		23,419,884	23,463,605
		39,115,983	39,175,378
Expendableendowment		39,115,983	39,175,378
	27	39,115,983	39,175,378
Incomefunds
Restrictedfunds	28	8,265
Unrestrictedfunds
Generalunrestrictedfunds		372,706	273,728
Fundsretainedwithinnon-charitablesubsidiaries		(15,048)	(11,722)
		357,658	262,006
		39,481,906	39,437,384

		2020		2019
	Notes
Cashflowsfromoperating activities
Cashabsorbedbyoperations	34		(900,324)	(1,369,386)
Investingactivities
Purchaseoftangiblefixedassets		(27,670)		(303,935)
Proceedsondisposaloftangiblefixed
assets				13,668
Purchaseofheritageassets		(6,260)
Purchaseofinvestment property		(27,238)		(346,168)
Purchaseofotherinvestments		(202,863)		(23,349)
Proceedsondisposalofotherinvestments		277,770
Investmentincomereceived		1,042,275		1,294,899
Netcashgeneratedfrominvesting
activities			1,056,014	635,115
Financingactivities
Proceedsfromborrowings		90,000		120,000
Repaymentofborrowings		(120,000)
Netcash(usedin)/generatedfrom
financingactivities			(30,000)	120,000
Netincrease/(decrease)incashandcash
equivalents			125,690	(614,271)
Cashandcashequivalentsatbeginningofyear			296,297	910,568
Cashandcashequivalentsatendofyear			421,987	296,297
Relatingto:
Bankbalancesandshorttermdeposits			421,987	296,297

	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	2020	2020	2020	2019	2019	2019
	£	£	£	£	£	£
Donationsandgifts	13,658	16,690	30,348	46,170		46,170
Grantsreceivable for
coreactivities					37,983	37,983
FriendsofStanstedPark
subscriptions	6,850		6,850	7,020		7,020
	20,508	16,690	37,198	53,190	37,983	91,173
Grantsreceivablefor
coreactivities
HeritageLotteryFund					37,983	37,983
	-	-	-	-	37,983	37,983
Charitableactivities
	Houseand	Forestry	Gameincome	Woodfuel	Total	Total
	garden			production	2020	2019
	opening
	2020	2020	2020	2020
	£	£	£	£	£	£
Saleswithincharitable
activities	9,720	86,147	2,198	7,867	105,932	200,827
Performancerelated
grants		55,773		20,660	76,433	107,024
	9,720	141,920	2,198	28,527	182,365	307,851
Analysisbyfund
Unrestrictedfunds	9,720	141,920	2,198	28,527	182,365	307,851
Performancerelatedgrants
Countryandparkland
restoration	-	55,773	-		55,773	75,736
RenewableHeatIncentive				20,660	20,660	31,288
	_	55,773	-	20,660	76,433	107,024

	Houseand	ForestryGameincome	ForestryGameincome	Woodfuel	Total
	garden			production	2019
	opening
	£		£
Saleswithincharitableactivities	61,093	109,388	11,469	18,877	200,827
Performancerelatedgrants		75,736		31,288	107,024
	61,093	185,124	11,469	50,165	307,851
Analysisbyfund
Unrestrictedfunds	61,093	185,124	11,469	50,165	307,851
Performancerelatedgrants
Countryandparklandrestoration		75,736			75,736
RenewableHeatIncentive				31,288	31,288
		75,736		31,288	107,024

	Unrestricted	Unrestricted
	funds	funds
	2020	2019
	£	£
Non-charitabletradingactivities	39,782	231,735

	Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
	funds	funds		funds	funds
		general			general
	2020	2020	2020	2019	2019	2019
	£	£	£	£	£	£
Rentalincome	859,411		859,411	1,094,828	-	1,094,828
Incomefromlisted
investments		19,314	19,314		24,286	24,286
Servicechargeincome	158,578		158,578	167,280	-	167,280
Waterincome	4,590		4,590	7,341	-	7,341
Interestreceivable	382		382	1,164	-	1,164
	1,022,961	19,314	1,042,275	1,270,613	24,286	1,294,899

	Unrestricted	Unrestricted
	funds	funds
	2020	2019
	£	£
Otherincome	5,248	20,674
CoronavirusJobRetentionSchemegrants	53,036
OtherCoronavirusgrants	10,695
	68,979	20,674

	Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
	funds	funds		funds	funds
		general			general
	2020	2020	2020	2019	2019	2019
	£	£	£	£	£	£
InvestmentDroDertv
costs
Repairsand
maintenance	137,612		137,612	195,479	-	195,479
Premisescosts	90,889		90,889	68,131	-	68,131
Othercosts	19,344		19,344	59,874	-	59,874
Staffcosts	165,552	-	165,552	156,705	-	156,705
Depreciation and
impairment	309		309	402	-	402
Investmentproperty
costs	413,706	-	413,706	480,591	-	480,591
EventsexDenditure
Operatingtrading
companyundertaking
non-charitabletrading
activity	13,803	-	13,803	183,558	-	183,558
Othercosts	3,163		3,163	7,604	-	7,604
Staffcosts	19,847		19,847	82,979	-	82,979
Eventsexpenditure	36,813	-	36,813	274,141	-	274,141
Investmentmanaaement	-	10,221	10,221	-	13,076	13,076
	450,519	10,221	460,740	754,732	13,076	767,808

	Houseand	Forestry	Woodfuel	Total	Houseand	Forestry	Woodfuel	Total
	gardens		production	2020	gardens		production	2019
	2020	2020	2020		2019	2019	2019
	£	£	£	£	£	£	£	£
Staffcosts	142,134	81,522	_	223,656	242,343	118,315	_	360,658
Depreciationandimpairment	28,956	4,637	-	33,593	24,858	7,475	-	32,333
Repairsandmaintenance	41,595	42,140	-	83,735	117,388	61,907	-	179,295
Premisescosts	23,810	588	-	24,398	99,450	767	-	100,217
Othercosts	15,239	31,541	14,098	60,878	41,049	54,108	16,507	111,664
	251,734	160,428	14,098	426,260	525,088	242,572	16,507	784,167
Shareofsupportcosts(seenote10)	373,192	_	_	373,192	495,212	_	_	495,212
Shareofgovernancecosts(seenote10)	9,715	-	-	9,715	11,235	"	-	11,235
	634,641	160,428	14,098	809,167	1,031,535	242,572	16,507	1,290,614
Analysisbyfund
Unrestrictedfunds	634,641	152,003	14,098	800,742	1,031,535	240,072	16,507	1,288,114
Restrictedfunds	-	8,425	-	8,425	-	2,500	-	2,500
	634,641	160,428	14,098	809,167	1,031,535	242,572	16,507	1,290,614

Supportcosts
	Support	Governance	2020	Support	Governance	2019
	costs	costs		costs	costs
	£	£	£	£	£	£
Staffcosts	179,114		179,114	256,137		256,137
Depreciation	3,297		3,297	6,442		6,442
Repairsand
maintenance	1,138		1,138	3,193		3,193
Premisescosts	62,045	-	62,045	21,768	-	21,768
Othercosts	127,598		127,598	207,672		207,672
Auditfees	-	4,300	4,300		4,200	4,200
Accountancy		5,415	5,415	-	7,035	7,035
	373,192	9,715	382,907	495,212	11,235	506,447
Analysedbetween
Charitableactivities	373,192	9,715	382,907	495,212	11,235	506,447

Numberofemployees Theaveragemonthlynumberofemployeesduringtheyearwas:
	2020	2019
	Number	Number
Management	1	1
Administration	2	2
Other-fulltime	11	12
Other-parttime	5	7
	19	22
Employmentcosts	2020	2019
	£	£
Wagesandsalaries	488,130	684,018
Socialsecuritycosts	41,196	59,324
Otherpensioncosts	12,456	12,640
Housingcosts,expensesandrecruitmentfortheDirectoroftheFoundation	44,239	85,350
Stewards',volunteers'andstaffexpensesandtraining	2,148	15,147
	588,169	856,479

Duringtheyeartherewereredundancypaymentsof£9,572(2019-£0).
Thenumberofemployeeswhoseannualremunerationwas£60,000 or
morewere:
	2020	2019
	Number	Number
£70,000-£80,000	-	2
£100,000-£110,000	1	-

	Endowment	Endowment
	funds	funds
	general	general
	2020	2019
	£	£
Revaluationofinvestments	187,916	139,733
Gain/(loss)onsaleofinvestments	(26,586)	-
Gain/(loss)ondisposalofinvestmentproperties	(217,500)	-
	(56,170)	139,733

16	Tangiblefixedassets
		Landand	Plantand	Fixtures,Motorvehicles		Total
		buildings	machinery	**fittings& **
				equipment
		£	£	£	£
	Costorvaluation
	At1January2020	11,157,214	565,713	158,384	103,807	11,985,118
	Additions	19,725	3,657	4,288	-	27,670
	Disposals	(12,318)		(5,403)	-	(17,721)
	At31December2020	11,164,621	569,370	157,269	103,807	11,995,067
	Depreciationandimpairment
	At1January2020	-	465,264	107,500	92,464	665,228
	Depreciation chargedintheyear		15,617	7,776	2,837	26,230
	Eliminatedinrespectofdisposals			(2,056)		(2,056)
	At31December2020	-	480,881	113,220	95,301	689,402
	Carryingamount
	At31December2020	11,164,621	88,489	44,049	8,506
	At31December2019	11,157,214	100,449	50,884	11,343	11,319,890

At1January2020	9,229,331
Purchases	6,260
At31December2020	9,235,591

Investmentproperty
	2020
	£
Fairvalue
At1January2020	17,364,005
Additionsthroughexternalacquisition	27,238
Disposals	(217,500)
At31December2020	17,173,743

	2020	2019
	£	£
Cost	6,657,093	6,629,855
Accumulateddepreciation
Carryingamount	6,657,093	6,629,855

	Listed	Cashin	Other	Total
	investments	portfolio	investments
	£			£
Costorvaluation
At1January2020	2,445,364	47,141		2,492,507
Additions	199,891	2,972		202,863
Valuationchanges	187,916			187,916
Transfer	46	(46)
Disposals	(304,356)			(304,356)
At31December2020	2,528,861	50,067		2,578,930
Carryingamount
At31December2020	2,528,861	50,067		2,578,930
At31December2019	2,445,364	47,141		2,492,507
			2020	2019
Otherinvestments comprise:		Notes	£	£
Investmentsinsubsidiaries		33

20	Financialinstruments		2020	2019
			£	£
	Carryingamountoffinancialassets
	Instrumentsmeasuredatfairvaluethroughprofitorloss		2,528,861	2,445,364
21	Stocks		2020	2019
			£	£
	Stockofguidebooks		3,335	3,335
22	Debtors
			2020	2019
	Amountsfallingduewithin oneyear:		£	£
	Tradedebtors		87,214	60,588
	Otherdebtors		4,049	9,281
	Prepaymentsandaccruedincome		19,348	18,200
			110,611	88,069
23	Creditors:amountsfallingduewithin oneyear
			2020	2019
		Notes	£	£
	Bankloans	25	5,000
	Otherborrowings		10,000	26,664
	Othertaxationandsocialsecurity		20,882	25,394
	Tradecreditors		74,629	116,461
	Othercreditors		44,408	50,781
	Accrualsanddeferredincome		114,849	41,351
			269,768	260,651
24	Creditors:amountsfallingdueaftermorethan oneyear
			2020	2019
		Notes	£	£
	Bankloans	25	1,048,188	1,002,063
	Otherborrowings		30,000	93,336
			1,078,188	1,095,399

Loansandoverdrafts
	2020	2019
	£	£
Bankloans	1,053,188	1,002,063
Directors'loans	40,000	-
Otherloans	-	120,000
	1,093,188	1,122,063
Payablewithinoneyear	15,000	26,664
Payableafteroneyear	1,078,188	1,095,399
Amountsincludedabovewhichfalldueafterfiveyears:
Payablebyinstalments	5,000	-
Payable otherthanbyinstalments	1,003,188	1,002,063
	1,008,188	1,002,063

			Movementinfunds	Movementinfunds				Movementinfunds	Movementinfunds
	**Balanceat1 **	Incoming	Resources	Transfers	Investments	Balanceat	Incoming	Resources	Transfers	Investments	Balanceat
	October2018	resources	expended		gains/lossesl	January2020	resources	expended		gains/losses	31December
											2020
			£	£	£	£		£	£	£	£
Expendableendowments
Freeholdland&
buildings	10,879,121			278,093	-	11,157,214			7,407		11,164,621
Heritageassets
includingcash
fund	9,229,331				-	9,229,331			6,260		9,235,591
Investment
property
includingcash
fund	17,030,337			346,168	(12,500)	17,364,005		-	27,238	(217,500)	17,173,743
Quoted
investments	2,280,448	7,908	(13,076)	17,850	152,233	2,445,363	6,605	(484)	(83,954)	161,330	2,528,860
Cashin
investment
portfolio	48,613	16,378		(17,850)	-	47,141	12,709	(9,737)	(46)		50,067
Shorttermloans	-			(26,664)	-	(26,664)			16,664		(10,000)
Longtermloans	(443,415)			(597,597)	-	(1,041,012)			14,113		(1,026,899)
	39,024,435	24,286	(13,076)		139,733	39,175,378	19,314	(10,221)	(12,318)	(56,170)	39,115,983

				MovementInfunds	MovementInfunds	MovementInfunds	MovementInfunds			Movement	infunds
		Balanceat	1	incoming	Resources		Transfers		Balanceat	Incoming	Resources	Balanceat
		October2018		resources	expended			1	January2020	resources	expended	31December
												2020
			£	£		£	£		£	£	£	£
	HLF-ThroughtheGlasshouse			37,983			(37,983)
	WSCC-Bridlepath	2,500			(2,500)
	Treeplanting									16,690	(8,425)	8,265
		2,500		37,983	(2,500)		(37,983)			16,690	(8,425)	8,265
29	Analysisofnetassetsbetweenfunds
		Unrestricted		Restricted Endowment			Total	Unrestricted		Restricted	Endowment	Total
		funds		funds	funds				funds	funds	funds
		2020		2020	2020		2020		2019	2019	2019	2019
		£		£	£		£		£	£	£	£
	Fundbalancesat31December2020are
	representedby:
	Tangibleassets	141,044			11,164,621		11,305,665		162,677		11,157,213	11,319,890
	Heritageassets				9,235,591		9,235,591				9,229,331	9,229,331
	Investmentproperties				17,173,743	17,173,743					17,364,005	17,364,005
	Investments	2			2,578,928		2,578,930		2		2,492,505	2,492,507
	Currentassets/(liabilities)	267,900		8,265	(10,000)		266,165		153,714		(26,664)	127,050
	Longtermliabilities	(51,288)			(1,026,900)		(1,078,188)		(54,387)		(1,041,012)	(1,095,399)
		357,658		8,265	39,115,983	39,481,906			262,006	-	39,175,378	39,437,384

31	Capitalcommitments	2020	2019
		£	£
	At31December2020theCharityhadcapitalcommitmentsasfollows:
	Contractedforbutnot providedinthefinancialstatements:
	Acquisitionofproperty,plantandequipment	12,520	-

	2020	2019
	£	£
Aggregatecompensation	117,101	163,889

Nameofundertakingand	countryof	Natureofbusiness	Classof	%Held
incorporationorresidency			shareholding	DirectIndirect
StanstedParkEvents	England	FunctionsatStanstedPark	Ordinary
Limited-Companyno.
03435921				100.00	-
StanstedParkLimited-	England	Dormant	Ordinary
Companyno.2017292				100.00	-

Nameofundertaking	Profit/(Loss)	Capitaland
		Reserves
	£	£
StanstedParkEvents
Limited-Companyno.
03435921	(3,326)	(15,046)
StanstedParkLimited-
Companyno.2017292	-	(64,592)

34	Cashgeneratedfromoperations		2020	2019
			£	£
	Surplusfortheyear		44,522	27,643
	Adjustmentsfor:
	Investmentincomerecognisedinstatementoffinancialactivities		(1,042,275)	(1,294,899)
	Lossondisposaloftangiblefixedassets		15,665	1,941
	Lossondisposalofinvestmentproperty		217,500	-
	Lossondisposalofinvestments		26,586	-
	Fairvaluegainsandlossesoninvestments(excludingmanagementcosts)		(187,916)	(127,594)
	Depreciationandimpairmentoftangiblefixedassets		26,230	40,084
	Movementsinworkingcapital:
	(lncrease)/decreaseinstocks		-	226
	(lncrease)/decreaseindebtors		(22,542)	90,056
	Increase/(decrease)increditors		20,781	(108,250)
	Decreaseinloansetupfeeprepaid		1,125	1,407
	Cashabsorbedbyoperations		(900,324)	(1,369,386)
35	Analysisofchangesinnet(debt)/funds
		At1 January	CashflowsAt31December
		2020		2020
		£	£	£
	Cashatbankandinhand	296,297	125,690	421,987
	Loansfallingduewithinoneyear	(26,664)	11,664	(15,000)
	Loansfallingdueaftermorethanoneyear	(1,095,399)	17,211	(1,078,188)
		(825,766)	154,565	(671,201)