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2021-12-31-accounts
Trustees The Earl of Bessborough
Mr R M Davies
Viscount Duncannon
Mr C D Nickolds
Mr YPetsopoulos
Mrs C F Villiers (Appointed 11 January 2021)
Mr RJAWates (Appointed 11 January 2021)
Miss C Webster (Appointed 7June 2022)
Mr A M D Lanza (Appointed 7 June 2022)
Charity number 1101251
Company number 4907189
Principal address Stansted
Park
Rowlands
Castle
Hampshire
PO9 6DX
Registered office Stansted
Park
Rowlands
Castle
Hampshire
PO9 6DX
Auditors Jones Avens Limited
Piper House
4 Dukes Court
Bognor Road
Chichester
West Sussex
PO19 8FX
Bankers Barclays Bank pic
81A London Road
Waterlooville
Hampshire
PO7 7ER
Solicitors George Ide LLP
52 North Street
Chichester
West Sussex
PO19 1NQ
Investment managers Cazenove
Capital Management
Schroder &Co Limited
12 Moorgate
London
EC2R 6DA

Page
Trustees'
report		 1-4
Statement ofTrustees' responsibilities
Independent
auditor's		 report 6-9
Statement offinancial activities 10-11
Summary
income and		 expenditure account 12
Balance sheet 13-14
Statement ofcash flows 15
Notes to the financial statements 16-38

The Earl of Bessborough
Mr R M Davies
Viscount Duncannon
Mr J Kenroy (Resigned 6 January 2021)
Mr C D Nickolds
Mr YPetsopoulos
Mr R G M Tassell (Resigned 2 November 2021)
Mrs C F Villiers (Appointed 11 January 2021)
Mr RJAWates (Appointed 11 January 2021)
Miss C Webster (Appointed 7June 2022)
Mr A M D Lanza (Appointed 7June 2022)

Current financial year
Unrestricted Restricted Endowment Total Total
funds funds funds
Notes 2021 2021
f		 2021 2021f 2020
E
Income and endowments from:
Donations
and legacies		 24,513 3,055 27,568 37,198
Charitable
activities		 297,911 297,911 182,365
Other trading
activities		 92,640 92,640 39,782
Investments 1,073,429 12,348 1,085,777 1,042,275
Other income 14,893 14,893 68,979
Total Income and endowments 1,503,386 3,055 12,348 1,518,789 1,370,599
Raisinca funds
Investment
property costs		 418,900 418,900 413,706
Events expenditure 48,532 48,532 36,813
Investment
management		 6,296 6,296 10,221
467,432 6,296 473,728 460,740
Charitable
activities
House and gardens 706,522 706,522 634,641
Forestry 162,347 11,320 173,667 160,428
Wood fuel production 20,761 20,761 14,098
Total charitable
expenditure		 889,630 11,320 900,950 809,167
Total resources expended 1,357,062 11,320 6,296 1,374,678 1,269,907
Net gains/(losses)
on investments		 13 366,643 366,643 (56,170)
Net movement
in funds		 146,324 (8,265) 372,695 510,754 44,522
Fund balances at 1 January 2021 357,658 8,265 39,115,983 39,481,906 39,437,384
Fund balances at 31 December
2021 503,982 39,488,678 39,992,660 39,481,906

Prior financial year Unrestricted Restricted Endowment Total
funds funds funds
Notes 2020f 2020 2020 2020f
Income and endowments from:
Donations
and legacies
Charitable
activities		 20,508
182,365		 16,690 37,198
182,365
Other trading
activities
Investments		 39,782
1,022,961		 19,314 39,782
1,042,275
Other income 68,979 68,979
Total income and endowments 1,334,595 16,690 19,314 1,370,599
~Raisin
funds
Investment
property costs
Events expenditure		 413,706
36,813		 413,706
36,813
Investment
management		 10,221 10,221
450,519 10,221 460,740
Charitable
activities
House and gardens 634,641 634,641
Forestry 152,003 8,425 160,428
Wood fuel production 14,098 14,098
Total charitable
expenditure		 800,742 8,425 809,167
Total resources expended 1,251,261 8,425 10,221 1,269,907
Net gains/(losses)
on investments		 13 (56,170) (56,170)
Net incoming/(outgoing)
transfers		 resources before 83,334 8,265 (47,077) 44,522
Gross transfers
between		 funds 12,318 (12,318)
Net movement
in funds		 95,652 8,265 (59,395) 44,522
Fund balances at 1 January 2020 262,006 39,175,378 39,437,384
Fund balances at 31 December 2020 357,658 8,265 39,115,983 39,481,906

All Income funds
2021 2020
Gross income 1,506,441 1,351,285
Transfer (to)/from endowment funds 12,318
Total income
in the reporting		 period 1,506,441 1,363,603
Total expenditure from income funds 1,368,382 1,259,686
Net income for the year 138,059 103,917

2021 2020
Notes F E
Fixed assets
Tangible assets
Heritage assets
Investment
properties		 16
17
18		 11,380,967
9,235,591
17,069,093		 11,305,665
9,235,591
17,173,743
Investments 19 2,793,547 2,578,930
40,479,198 40,293,929
Current assets
Stocks 21 3,327 3,335
Debtors 22 153,310 110,611
Cash at bank and in hand 740,954 421,987
897,591 535,933
Creditors: amounts
one year		 falling due within 23 (324,816) (269,768)
Net current assets 572,775 266,165
Total assets less current liabilities 41,051,973 40,560,094
Creditors: amounts
more than one year		 falling due after 24 (1,059,313) (1,078,188)
Net assets 39,992,660 39,481,906
Capital funds
Endowment
funds -		 eneral
General endowment funds 16,274,254 15,696,099
Revaluation
reserve		 23,214,424 23,419,884
39,488,678 39,115,983
Expendable
endowment		 39,488,678 39,115,983
27 39,488,678 39,115,983
Income funds
Restricted
funds		 28 8,265
Unrestricted
funds
General unrestricted funds 497,572 372,706
Funds retained
within		 non-charitable subsidiaries 6,410 (15,048)
503,982 357,658
39,992,660 39,481,906

2021 2020
Notes f K
Cash flows from operating
activities
Cash absorbed
by operations		 (906,402) (900,324)
Investing
Purchase		 activities
oftangible
fixed assets		 (104,084) (27,670)
Proceeds
assets		 on disposal oftangible fixed 2,000
Purchase ofheritage assets (6,260)
Purchase of investment
property		 (227,658) (27,238)
Proceeds
property
Purchase		 on disposal of investment
ofother investments		 448,385
(1,063,981)		 (202,863)
Proceeds on disposal ofother investments 1,099,930 277,770
Investment income received 1,085,777 1,042,275
Net cash
activities		 generated
from investing		 1,240,369 1,056,014
Financing activities
Proceeds from borrowings 90,000
Repayment
ofbonowings		 (15,000) (120,000)
Net cash used
in financing
activities		 (15,000) (30,000)
Net increase
in cash and cash		 equivalents 318,967 125,690
Cash and cash equivalents
at beginning		 ofyear 421,987 296,297
Cash and cash equivalents
at		 end ofyear 740,954 421,987
Relating to:
Bank balances
and short term deposits		 740,954 421,987

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2021 2021 2021 2020 2020 2020
f f
Donations and gifts 17,765 3,055 20,820 13,658 16,690 30,348
Friends of Stansted Park
subscriptions 6,748 6,748 6,850 6,850
24,513 3,055 27,568 20,508 16,690 37,198

House and Forestry Game income Wood fuel Total Total
garden production 2021 2020
opening
2021 2021 2021 2021
f
Sales within charitable
activities 30,472 162,449 1,521 16,253 210,695 105,932
Performance related
grants 61,889 25,327 87,216 76,433
30,472 224,338 1,521 41,580 297,911 182,365
Analysis by fund
Unrestricted funds 30,472 224,338 1,521 41,580 297,911 182,365
Performance related grants
Country and parkland
restoration 61,889 61,889 55,773
Renewable Heat Incentive 25,327 25,327 20,660
61,889 25,327 87,216 76,433

For the year ended 3 1 December 202 0
House and
garden		 Forestry Game income Wood fuel
production		 Total
2020
opening
Sales within charitable activities 9,720 86,147 2,198 7,867 105,932
Performance related grants 55,773 20,660 76,433
9,720 141,920 2,198 28,527 182,365
Analysis
by
Unrestricted		 fund
funds		 9,720 141,920 2,198 28,527 182,365
Performance related grants
Country
and		 parkland restoration 55,773 55,773
Renewable Heat Incentive 20,660 20,660
55,773 20,660 76,433

Unrestricted Unrestricted
funds funds
2021 2020
F E
92,640 39,782

Unrestricted Endowment Total Unrestricted Endowment Total
funds funds funds funds
general general
2021 2021 2020 2020 2020
E
Rental income 905,407 905,407 859,411 859,411
Income from listed
investments 12,348 12,348 19,314 19,314
Service charge income 161,916 161,916 158,578 158,578
Water income 5,866 5,866 4,590 4,590
Interest receivable 240 240 382 382
1,073,429 12,348 1,085,777 1,022,961 19,314 1,042,275

Unrestricted Unrestricted
funds funds
2021 2020
E
Net gain on disposal oftangible fixed assets 1,241
Other income 10,430 5,248
Coronavirus Job Retention Scheme grants 53,036
Other Coronavirus grants 3,222 10,695
14,893 68,979

Raising funds
Unrestricted Endowment Total Unrestricted Endowment Total
funds funds funds funds
general general
2021 2021 2020 2020
E E E E
costs
Repairs and maintenance
Premises costs		 152,911
96,052		 152,911
96,052		 137,612
90,889		 137,612
90,889
Other costs 18,881 18,881 19,344 19,344
Staff costs 150,792 150,792 165,552 165,552
Depreciation
and
impairment		 264 309 309
Investment
property
costs		 418,900 418,900 413,706 413,706
Events ex enditure
Operating
trading
company
undertaking
non-charitable
trading
activity
Other costs		 37,172 37,172 13,803
3,163		 13,803
3,163
Staff costs 11,360 11,360 19,847 19,847
Events expenditure 48,532 48,532 36,813 36,813
Investment
mana		 ement 6,296 6,296 10,221 10,221
467,432 6,296 473,728 450,519 10,221 460,740
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10 Support costs Support Governance 2021Support costs 2021Support costs Governance 2020
costs costs costs
E F
Staff costs 195,827 195,827 179,114 179,114
Depreciation 2,764 2,764 3,297 3,297
Repairs and
maintenance		 2,928 2,928 1,138 1,138
Premises costs 65,908 65,908 62,045 62,045
Other costs 133,526 133,526 127,598 127,598
Audit fees 4,400 4,400 4,300 4,300
Accountancy 5,550 5,550 5,415 5,415
400,953 9,950 410,903 373,192 9,715 382,907
Analysed
between
Charitable
activities		 400,953 9,950 410,903 373,192 9,715 382,907

The average
 monthly number ofemploye es
during the year was:
2021 2020
Number Number
Management 1
Administration 2
Other - full time 11
Other - part time 5
16 19
Employment costs 2021 2020
Wages and salaries 424,251 488,130
Social security costs 36,984 41,196
Other pension costs 12,468 12,456
Housing costs, expenses and recruitment for the Director ofthe Foundation 46,230 44,239
Stewards',
volunteers'		 and staff expenses and training 9,455 2,148
529,388 588,169
The numb
were:		 er
of employees
whose annual
remuneratio		 n
was F60,000 or more
2021 2020
Number Number
2100,000 - f110,000 1
f110,000 - F120,000

Net gains/( loss es)
on in		 vestments
Endowment Endowment
funds funds
general general
2021 2020
Revaluation of investments 247,923 187,916
Gain/(loss) on sale of investments 2,643 (26,586)
Gain/(loss) on disposal of investment properties 116,077 (217,500)
366,643 (56,170)
Taxation
Stansted Park Foundation is a registered charity (number 1101251).

16 Tangible fixed assets Tangible fixed assets
Freehold Land Plant and Fixtures, Motor vehicles Total
and buildings machinery fittings
&
equipment
f
Cost or valuation
At 1 January 2021 11,164,621 569,370 157,269 103,807 11,995,067
Additions 39,373 34,130 30,581 104,084
Transfer from Stansted Park Events
Ltd (6,453) (6,453)
Disposals (1,070) (787) (11,000) (12,857)
At 31 December 2021 11,203,994 602,430 180,610 92,807 12,079,841
Depreciation and impairment
At 1 January 2021 480,881 113,220 95,301 689,402
Depreciation charged in the year 14,769 11,160 2,094 28,023
Eliminated
in		 respect ofdisposals (685) (547) (10,866) (12,098)
Transfer from Stansted Park Events
Ltd (6,453) (6,453)
At 31 December 2021 494,965 117,380 86,529 698,874
Carrying
amount
At 31 December 2021 11,203,994 107,465 63,230 6,278 11,380,967
At 31 December 2020 11,164,621 88,489 44,049 8,506 11,305,665

2021
Fair value
At 1 January 2021 17,173,743
Additions through external acquisition 227,658
Disposals (332,308)
At 31 December 2021 17,069,093

2021 2020
Cost 6,877,444 6,657,093
Accumulated
depreciation
Carrying
amount		 6,877,444 6,657,093
Fixed asset investments
Listed Cash in Other Total
investments porffolio investments
Cost or valuation
At 1 January 2021 2,528,861 50,067 2,578,930
Additions 1,059,941 4,040 1,063,981
Valuation
changes		 247,923 247,923
Disposals (1,069,416) (27,871) (1,097,287)
At 31 December 2021 2,767,309 26,236 2,793,547
Carrying
amount
At 31 December 2021 2,767,309 26,236 2 2,793,547
At 31 December 2020 2,528,861 50,067 2 2,578,930
2021 2020
Otherinvestments comprise: Notes E

21 Stocks 2021f 2020f
Stock ofguide books 3,327 3,335
22 Debtors
2021 2020
Amounts
falling due		 within one year:
Trade debtors 124,688 87,214
Other debtors 3,389 4,049
Prepayments and accrued income 25,233 19,348
153,310 110,611
23 Creditors: amounts falling due within one year
2021 2020
Notes E
Bank loans 25 10,000 5,000
Other borrowings 10,000 10,000
Other taxation and social security 37,550 20,882
Trade creditors 105,622 74,629
Other creditors 57,267 44,408
Accruals and deferred income 104,377 114,849
324,816 269,768

Creditors: amounts falling due after more than one year
2021 2020
Notes
Bank loans 25 1,039,313 1,048,188
Other borrowings 20,000 30,000
1,059,313 1,078,188

2021 2020f
Bank loans 1,049,313 1,053,188
Directors' loans 30,000 40,000
1,079,313 1,093,188
Payable within one year 20,000 15,000
Payable after one year 1,059,313 1,078,188
Amounts included above which fall due after five years:
Payable by instalments 5,000
Payable other than by instalments 1,004,313 1,003,188
1,004,313 1,008,188

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Movement in funds Movement in funds
Balance at 1 Incoming Resources Balance at Incoming Resources Balance at
January 2020 resources expended1 January 2021 resources expended 31 December
2021
Tree planting 16,690 (8,425) 8,265 3,055 (11,320)

Name of undertaking undertaking and country of Nature ofbusiness Class of '/o Held
incorporation or residency shareholdlng Direct Indirect
Stansted Park Events England Functions at Stansted Park Ordinary
Limited - Company
no.
03435921 100.00
Stansted
Company		 Park
no.		 Limited-
2017292		 England Dormant Ordinary 100.00
Name of undertaking Profit/(Loss) Capital and
Reserves
E
Stansted Park Events
Limited - Company
no.
03435921 28,230 6,412
Stansted Park Limited-
Company no. 2017292 (64,592)

34 Cash generated
from operations		 2021f 2020f
Surplus for the year 510,754 44,522
Adjustments
for:
Investment
income recognised
in statement
offinancial
(Gain)/loss
on disposal oftangible
fixed assets
(Gain)/loss
on disposal of investment
property
(Gain)/loss
on disposal ofinvestments
Fair value gains and losses on investments
Depreciation
and impairment
oftangible
fixed assets		 activities (1,085,777)
(1,241)
(116,077)
(2,643)
(247,923)
28,023		 (1,042,275)
15,665
217,500
26,586
(187,916)
26,230
Movements
in working
capital:
Decrease
in stocks		 8
(Increase)
in debtors
Increase
in creditors		 (42,699)
50,048		 (22,542)
20,781
Decrease
in loan set up fee prepaid		 1,125 1,125
Cash absorbed
by operations		 (906,402) (900,324)
35 Analysis ofchanges
in net (debt)/funds
At 1 January Cash flows At 31 December
2021 2021
f f f
Cash at bank and in hand 421,987 318,967 740,954
Loans falling due within one year (15,000) (5,000) (20,000)
Loans falling due after more than one year (1,078,188) 18,875 (1,059,313)
(671,201) 332,842 (338,359)