2022-03-31-accounts

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Company number: 05171882 Charity Number: 1109239

The Chiswick House and Gardens Trust

Report and financial statements For the year ended 31 March 2022

The Chiswick House and Gardens Trust

For the year ended 31 March 2022

Reference and administrative information ...................................................................................... 1 Trustees’ annual report .................................................................................................................. 3 Independent auditor’s report ....................................................................................................... 11 Statement of financial activities (incorporating an income and expenditure account) ................... 15 Balance sheets .............................................................................................................................. 16 Statement of cashflows ................................................................................................................ 17 Notes to the financial statements ................................................................................................. 18

The Chiswick House and Gardens Trust

Reference and administrative information

For the year ended 31 March 2022

Company number 05171882 Charity number 1109239 Registered office The Estate Office and operational Chiswick House address London W4 2QN Country of England & Wales registration Trustees Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Sir Derek Myers (I) Chair (Chair of Development Committee) Cllr Amy Croft (LBH) (appointed 17 June 2022) Charles d’Arcy-Irvine (I) (appointed 23 April 2021, resigned 17 June 2022) Sebastian Edwards (I) (appointed 23 April 2021) (Chair of Heritage Advisory Panel) Kathryn Foster (I) (appointed 16 September 2022) (Finance, Audit & Risk Committee) Paula Ghosh (I) (appointed 23 April 2021) (Development Committee) Lynne Guyton (I) (Development Committee) Jane Kennedy (I) (resigned 23 April 2021) Seema Kotecha (I) Terence Kyle (I) (resigned 23 April 2021) Lycia Lobo (EHT) (appointed 16 September 2022) (Development Committee) Cllr Tony Louki (LBH) (resigned 17 June 2022) Ian Peacock (I) (resigned 23 April 2021) Tracey Reed (EHT) (resigned 16 September 2022) Mark Stuart Smith (EHT) (Chair of Finance, Audit & Risk Committee) Vicky Taylor (I) (Development Committee) Cllr John Todd (LBH) (Finance, Audit & Risk Committee) Juliet West (I) (resigned 23 April 2021)

Company Secretary Xanthe Arvanitakis (appointed 16 September 2022)

Nominated by The London Borough of Hounslow (‘LBH’) The English Heritage Trust (‘EHT’) Independent (‘I’)

The Chiswick House and Gardens Trust

Reference and administrative information

For the year ended 31 March 2022

Key management personnel Xanthe Arvanitakis Director Laura Arthurton Head of Finance (appointed 20 September 2021) Dan Feeney Head of Visitor Experience (resigned 30 September 2022) Geraldine King Estate Garden Manager (resigned 19 January 2022) Rosie Fyles Head of Gardens (appointed 20 April 2022) Nicki Thomas Head of Commercial Bankers HSBC Bank plc 21 Kings Mall London W6 0QF Auditor Sayer Vincent LLP Chartered Accountants and Statutory Auditor Invicta House, 108-114 Golden Lane London EC1Y 0TL

The Chiswick House and Gardens Trust

Trustees’ annual report

For the year ended 31 March 2022

Trustees present their report and the audited financial statements for the year ended 31 March 2022.

Reference and administrative information set out on pages 1 and 2 form part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and activities

Purposes and aims

Chiswick House & Gardens Trust (CHGT) welcomes more than 1million visits to the gardens annually. The charity looks after a 300-year-old historic house and landscape with 65-acre gardens, 2-acre Kitchen Garden and 1,800 trees in the heart of West London. Over the past two years, during and after the pandemic, the gardens have become central to the daily lives of thousands of people in the community.

The charitable objectives are to advance education by the preservation, restoration, maintenance, repair and enhancement of the House and Gardens and their contents, for the benefit of the public, the historical and architectural heritage of England and for such purposes as are exclusively charitable according to the laws of England and Wales.

CHGT believes that heritage sites have more than one role to play and that offering a historic experience is only part of its purpose. They have recognised the enormous potential of the House and Gardens to respond to some of the challenges faced by our local community. Isolation, loneliness, unemployment, poverty and a disconnect from nature are just some of the serious issues faced by residents in their local Borough. CHGT is fortunate to have the assets to make a real difference in the lives of local people. But they have also recognised they are not reaching or attracting diverse audiences from further west in the Borough. Chiswick House and Gardens Trust have already started several projects to address this see Growing Together at Chiswick House.

With the learnings from the pandemic, CHGT reviewed its 10-year strategy, first draft published in October 2020, with a final refreshed version published in early April 2022. This sets out a clear mission - to conserve their historic, built, horticultural and natural heritage for our visitors, sustain and improve their biodiversity and support their local community’s health and well-being and vision to be a special place to delight, educate and be inspired by the 300 years of stories of influence, design, and environment. For everyone, every day.

CHGT also set out their audience development plan

To increase the diversity of our visitors so that they can better reflect the ethnic diversity of our borough

The Chiswick House and Gardens Trust

Trustees’ annual report

For the year ended 31 March 2022

To attract families who visit the Gardens to engage and benefit from Chiswick House, the Kitchen Garden and Community Programme
To become more accessible and ensure access to interpretation is appropriate for diverse audiences
To persuade their regular local visitors to support CHGT by joining our Membership scheme

Charity Commission’s general guidance on public benefit has been reviewed when considering aims and objectives and in planning future activities. During the year CHGT has continued to provide free access to the gardens, while also managing the operations of Chiswick House and the Kitchen Garden as well as delivering the community, learning and volunteer programme.

Achievements and performance 2021-22

CHGT’s grants from the London Borough of Hounslow and English Heritage were secure but only covered 24% of total costs in the year. Pre-pandemic most costs were mainly covered by trading activities and during the previous year when the pandemic first struck CHGT successfully secured Culture Recovery Fund grants and benefitted from increased donations whilst reducing costs to help bridge the gap and invest in business recovery activity. CHGT’s income generating activity is seasonal and recovery in 2021 was slower than hoped which was in a large part due to the continuing coronavirus pandemic, impact on visitor and commercial partners confidence.

The impact in the year could be seen in the following ways:

Restrictions prevented the seasonal re-opening to the end of May 2021, originally planned for early April.
Requirement for online booking for House visitors and one-way routes restricting visitor numbers
Restrictions in weddings and social gatherings impacted on income
Christmas event cancelled due to the coronovirus outbreak and restrictions
Large partnered events postponed or cancelled due to restrictions and uncertainty
Restrictions impacted on Community projects and volunteer numbers
Continued the requirement to work from home for staff for start of the year
Greater use of the Gardens and as a result more wear and tear
On a positive note, higher café takings were received due to more visitors as there were restrictions elsewhere.

CHGT successfully applied for the DCMS Culture Recovery Fund (CRF) 1 in 2020/21 and due to the then ongoing restrictions, £20,500 was permitted to be carried over to use in April 2021. A successful second application to CRF secured a grant in the first quarter of the 2021/22 when restrictions were still in place was allocated mainly to cover overheads. CHGT made a third

The Chiswick House and Gardens Trust

Trustees’ annual report

For the year ended 31 March 2022

application to the CRF to cover the period from 1 October 2021 to 31 January 2022 and received £109,900 to cover staff and overhead costs.

The Director with the senior management team were still focused on pivoting the business model with the support of the CRF by;

Control of operating costs
Launch of a Membership scheme and the development of more sustainable fundraising
Optimisation of income: existing events business and recovery
Development of Community Programme
Identifying plans for new operating models and income streams

1.Control of operating costs

CHGT kept a tight handle on operating overhead costs. There was no income from Government Job Retention Scheme in the year (2020 - £33,490).

2. Launch of a Membership scheme and the development of more sustainable fundraising

There was still a sharp focus on fundraising and with thanks to funding from the CRF grant secured in 2020, CHGT launched a new membership scheme for locals as well as an enhanced patrons’ scheme to build regular giving from individuals targeting daily visitors. They also secured a major gift from an individual donor to support a new school’s gardening programme. Individual unrestricted donations were £53,868 in 2021/22 down by £101,329 compared to £156,916 2020/21but in the first year over 426 memberships and patrons were secured to start to build a regular income.

3. Optimisation of income: existing events business and recovery

With thanks to English Heritage, CHGT was able to invest in a new marquee for the private events business. CHGT also invested in emergency repairs on the Conservatory rotunda dome to ensure it is safe and presented to a standard to support the weddings business and open to the public as part of the new visitor experience. Due to the continued restrictions the weddings and private event business did not fully recover to the pre-pandemic level so the new catering partner supplemented income with their pop-up restaurant in the Marquee.

Not all the events, hosted by partners, went ahead due to the risk of last-minute covid restrictions but CHGT successfully hosted Giffords Circus, Luna Cinema, Pub in the Park, as well as new regular outdoor activities from Duck Pond Market, kids holiday clubs to yoga. Over the Spring and Summer2020/21, CHGT welcomed 37,000 eventgoers and generated £228,599 in 2021/22.

CHGT has also invested in developing its filming income, which has been the most covid resilient. This income has grown from £26,572 in 2019 to £45,129 in the current year – from large scale film productions to small photoshoots. Chiswick House Café traded well during the year, still benefitting from the hospitality VAT reduction.

The Chiswick House and Gardens Trust

Trustees’ annual report

For the year ended 31 March 2022

Thanks, to funding from the CRF the shop was relocated, refurbished and restocked to open for the 2021 season delivering new income of £66,674 compared to £4,376 in 2020.

Overall, the Trading activities generated £647,779 (compared to pre-pandemic income of £713,651 - 2019).

4.Development of Community Programme

CHGT invested in new activities directly targeting underrepresented and underserved communities through their community engagement, volunteering, learning and public programme. Following the success of their Community Engagement pilot, funded by the CRF, CHGT secured three years of funding from the Linbury Trust and launched their Growing Together at Chiswick House community programme led by Harvinder Bahra, the new Community Participation Manager. The focus of the programme is to support the needs of vulnerable and underserved groups in the local community and across the borough of Hounslow. During the first year of the programme, CHGT developed new partnerships with a wide range of local community groups, cultural organisations, diaspora communities, schools and a variety of health and social care charities: Hogarth Youth and Community Centre, Chiswick School, Hounslow Seniors Trust, Queensmill School, Special Educational Needs (SEN) London Parents, Darpan, Hounslow Action for Youth (HAAYA), Stoll, Trinjan, Sunshine of Hounslow, Hounslow Children’s Services, Heston West Big Local, Ealing Mencap, Hounslow Wellbeing Network, Hounslow Action for Youth, Rivercourt Project, The Mulberry Centre, Cavendish School, West Thames College.

Working with over 50 groups, and eight facilitators from artists, horticultural learning professionals to a chef providing a service for 72 participants, in total 2,053 participants have engaged with the programme.

Each year for the next three years the grant from Linbury Trust supports a young person (18-25 years old) to have an apprenticeship in our Kitchen Garden through Capel Manor College, a local specialist environmental college. From April to November 2022, the kitchen garden team sold £250-£500 of produce a week, including cut flowers, to support community engagement work. The Culture Recovery Fund grant also enabled the re-opening of the House and expansion of the offer to visitors to include the Kitchen Garden, previously only open on an ad-hoc basis. A new Shop was opened supporting local producers as well as featuring products using natural produce and materials from the gardens. The interpretation for visitors was refreshed, a new Covid oneway route was introduced and the launch of a fantastic new public programme – Bring into Being - with three site specific commissions by Mark Wallinger, Peter Adjaye and Jaimini Patel. Over the Summer 12,198 visitors came to the House and Kitchen Garden, it received a four-and-a-half-star visitor rating and 88% of visitors gave the experience an eight out of ten or more. There were wonderful press reviews. Admissions generated £67,914 income in 2021/22.

With the support of English Heritage and National Lottery Heritage Fund - Speak Out Loud funding CHGT instigated Black Chiswick through History project working with young people from Chiswick School and Hogarth Youth & Community Centre. The interpretation outcomes of this project will form part of the visitor experience in 2022/23.

The Chiswick House and Gardens Trust

Trustees’ annual report

For the year ended 31 March 2022

5.Identifying new short and medium-term business models and income streams

The CHGT team have continued to look to the future and in January 2021, CHGT initiated the first stage of their Placemaking Plan with the aim of unlocking the potential of under-utilised outdoor spaces and buildings on the estate to expand the learning and community programme and generate income. Support came from the Architectural Heritage Fund to appoint Counterculture and We Made That to carry out the options appraisal. During 2021 the consultants reached out to statutory stakeholders, local community groups, staff, volunteers and local artist makers to gather feedback on potential uses and needs. The report was finalised in April 2022 and set out a 10year capital development plan of four phases. London Borough of Hounslow’s Thriving Communities Capital Fund funded the appointment of We Made That and Counterculture to continue their work and develop the first two phases of RIBA Stage 3 proposals. This work is now underway.

Volunteers

During 2021/22 225 volunteers contributed 6,667 hours, which is the most volunteers CHGT has had before with strong growth in a younger demographic (35 to 49 years old). The CHGT team expanded roles and opportunities from gardening, planting, cultivating and harvesting in the Kitchen Garden, outdoor ranger, bee keeping, visitor welcome volunteers, tour guides and archivists. One of the impacts of the pandemic was an increase in weekend volunteering from young working people.

Garden

The gardens continued to be very busy through Spring and Summer combined with the impact of climate change there was a high level of wear and tear. The gardening team, contractor and with the support of volunteers, who were confident enough to return, worked extremely hard caring for and maintaining the gardens. Operation Centaur, with their working horses, visited during the October half term and helped mow the meadows.

Despite the challenges, the Grade 1 listed gardens, Kitchen Garden and Volunteer programme were awarded a Gold medal in the London in Bloom awards, a Heritage Green Flag and Green Flag.

With Thanks

The Trustees are deeply thankful for all the incredible hard work of their dedicated volunteers and employees and significant financial support from members and patrons, London Borough of Hounslow, English Heritage, Culture Recovery Fund, The Linbury Trust, Foyle Foundation, Chiswick House Friends and all of our generous donors.

Summary

It was an incredibly challenging year for CHGT, income had not returned as expected over the summer. In December 2021, the CHGT team secured a further CRF grant of £174,600 which helped to cover the shortfall and ensured the new visitor experience team could be employed to plan for 2022.

The Chiswick House and Gardens Trust

Trustees’ annual report

For the year ended 31 March 2022

CHGT not only survived but more importantly provided an important service to local residents, extended their community, learning and volunteering programme and welcomed over 12,000 visitors into the House and Kitchen Garden and over 1million visitors to the gardens.

CHGT Impact

The gardens are open free of charge to the public 365 days each year from 7am until dusk.
Welcomed 1 million visits, mainly from the local area as well as across the UK; from families, dog walkers, coming to visit the House and Kitchen garden, joggers or simply coming for a walk.
Served coffee, tea and fed circa 330,000 people in the café.
37,000 event goers from across London to enjoy the Summer and Spring programme of music, film, food, walks and talks.
12,198 visitors to the reopened House and Kitchen gardens, four-and-a-half-star review and 88% rated their experience as eight out of ten or more and two-thirds spent more than two hours in the House and Gardens.
Cared for 1,800 trees, 65 acres of formal gardens, lawns and woodland, a lake and pond, all home to a range of wildlife from water fowl, bats, hedgehogs to mining bees.
Undertook hedgehog and bat surveys.
2,053 participants engaged in the community programme from 52 community groups and schools mainly from the London Borough of Hounslow and London Borough of Hammersmith and Fulham.
225 volunteers (25% increase) who worked 6,667 hours. Through active recruitment, we attracted a younger demographic of over 50% under 50 with the fastest growing group aged 20-34.
Worked with three artists, 10 creative and learning facilitators and a chef to deliver the creative, community and learning programme.
The garden became peat free and steps were implemented to reduce the use of mains water.

Financial review

The principal funding source for the maintenance of the Gardens is the London Borough of Hounslow and for the maintenance of the House is English Heritage. In addition, in the year grants were received from the Cultural Recovery Fund, The Linbury Trust, Foyle Foundation, Kusuma Trust, Chiswick House Friends, Royal Horticultural Society and the Golden Bottle Trust.

Income for the year was £1,681,828 (2021 - £1,331,865), an increase of £349,964 (26%). Trading income showed a recovery from the previous year increasing to £647,779 from £246,962 when it was severely impacted by the pandemic. It is still not back to pre-pandemic levels. Trust, grant and foundation income increased and included funding from the Culture Recovery Grant and funding from trusts for the Community Participation Programme. Individual donations fell from their high level in the previous year when CHGT received significant support from regular visitors

The Chiswick House and Gardens Trust

Trustees’ annual report

For the year ended 31 March 2022

including from an auction. Income returned from admissions to the House and the new offer with access to the Kitchen Garden. The main reason for the decrease in Other Income is that CHGT did not use the Government’s Job Retention Scheme in the year.

Total expenditure was £1,616,748 (2020/21 - £1,364,108), an increase of £252,640. Staff costs increased by £115,755 from the previous year which was mainly due to:

Two visitor experience staff were employed for the whole year with the re-opening of the House (closed in 2020/21) and visitor experience seasonal staff employed.
A new position of Head of Finance created in September 2021.
Full-time staffing of the new community programme including a community participation manager and a kitchen garden apprentice funded by the Linbury Trust.

There were no redundancy costs in the year as compared to the previous year.

Trading and cost of raising funds increased to £415,489 from £338,225 in the previous year which was mainly due to costs from holding events and marketing expenditure.

Garden management costs were in line with previous years.

House management costs decreased to £278,219 from £287,976 despite the increase in staff costs due to the House being reopened. This was because in 2020/21 a large part of the CRF grant was used to enhance the visitor offering for the 2021-22 season.

Support costs, covering finance, IT and HR, increased due in part to the appointment of a Head of Finance and previous to that consultant costs in this area. There were also property consultant costs and an increase in overheads with staff returning to work in the office.

The net result was a surplus of £65,080 (compared to 2020/21 deficit of £32,243).

At the year-end, net assets representing funds held were £499,494 (2020/21 - £361,236), an increase of £138,258 (38%) from the position as of 31 March 2021.

Income is generated in the trading subsidiary, Chiswick House Trading Company Limited, whose main purpose is trading which includes venue hire for weddings and private events, partner events in the gardens, filming, retail and also includes the café franchise.

Reserves

Total consolidated reserves as of 31 March 2022 were £682,840 (31 March 2021 - £617,760) and are analysed between restricted and unrestricted funds in note 17a to the accounts, the reason for the increase is included in the financial review (above). Restricted funds increased to £224,002 (31 March 2021 -£199,611). Unrestricted funds increased to £458,838 (31 March 2021 - £418,149) because of the surplus in the year. Within these funds are designated funds for fixed assets representing reserves that are not available for operational expenditure £67,373 (31 March 2021 -

The Chiswick House and Gardens Trust

Trustees’ annual report

For the year ended 31 March 2022

£80,851). In addition, there are designated funds for planned future projects by The Trustees of £15,000 (31 March 2021 - £40,000) for the planned Placemaking project.

The general funds, which are free reserves, increased to £376,465 (31 March 2021 - £297,298).

The Trustees reviewed their reserves policy to ensure it is realistic and appropriate. The purpose of the general funds in reserves is to enable CHGT to address the major risks attached to future income and expenditure as well as the need to hold funds for strategic and liquidity purposes. Last year, the Trustees agreed that it may need to use its general funds to support its operations along with other measures in dealing with the impact of the pandemic. The policy is to retain at least three months of general expenditure based on a level of three months of future forecast essential expenditure discounted to take account of the minimal risk attached to income from principal funders (including London Borough of Hounslow and English Heritage Trust) as well as other commercial income from the café, rental properties and secured bookings. In the current year, the minimum level is estimated to be £147,000 (31 March 2021 - £183,000), the lower figure is due to the greater certainty relating to commercial income that was not the case last year. At the 31 March the general reserve was at 31 March 2022 - £376,465. The reserves policy will be reviewed annually.

Principal risks and uncertainties

The Trustees have a duty to identify and review the risks to which CHGT is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The risk register is reviewed regularly by the Senior Management Team (SMT) and submitted to Trustees at each Trustees’ meeting.

The principal risks currently faced, is the loss of income and steps taken to mitigate it, are as follows:

Economic uncertainty and inflation – coming after the coronavirus pandemic there continues to be significant economic uncertainty due to macro factors including inflation, cost of living squeeze that will impact consumer demand and a potential recession that would impact CHGT. In order to be able to address this we are monitoring our projections based on assumptions that we currently consider reasonable, but we are living through volatile times so our forecasting may not be as reliable as we would wish. We will take steps to adjust our cost base quickly to reflect changes to income levels. By continuing to diversify our commercial activity by looking at new commercial opportunities across the site, as well as outsourcing our venue hire business to allow our own team to work more effectively. We are confident that the financial support from the London Borough of Hounslow and English Heritage is not at risk in 2022/23, and this provides a secure source of funds for essential maintenance of the House and Gardens.
CHGT is in receipt of funding from its two partners, the London Borough of Hounslow, and English Heritage. CHGT works with the partners to ensure that, if any changes to funding

The Chiswick House and Gardens Trust

Trustees’ annual report

For the year ended 31 March 2022

structures were necessary, these would be discussed in advance in order that changes to spending could be made, should these be required.
The estate houses thousands of trees, at least 1,800 of these have a girth of 75cm or more, which puts them at a higher risk for damage from the elements. The gardening team carry out an annual tree survey, with regular reviews, to mitigate danger and maintain the trees in a safe condition. In addition to this, the site monitors wind speeds – if the wind speed exceeds 40mph then the Gardens are closed to the public to ensure that they are protected from any damaged trees or falling limbs.
The estate contains two lake areas; while one is enclosed the other is partially accessible to the public on the Western Lawn. This is a popular area with visitors, including dog walkers and those with children, although the depth of the water is shallow. To mitigate any risk of injury in these areas CHGT works with industry professionals from other locations to ensure that we are following best practice safety regulations.
Health and safety issues arising from the use of vehicles, machinery and other equipment while maintaining the House and Gardens. These are addressed by staff training, by maintaining an up-to-date register of all such risks, which includes procedures to be followed to minimise them, and by ensuring that all staff engaged in such activities are conversant with these procedures.
Safeguarding risk has increased with the return of volunteers and community programmes on site. In order to manage risk in this area CHGT implemented a safeguarding policy that requires DBS checks, staff training and other measures.
While CHGT does not own the House and other buildings on the estate, if there were a deterioration to these, it could cause a loss of income from visitors and commercial events as well as damage the reputation of CHGT. CHGT has a management and maintenance plan in place to ensure that the gardens and buildings in their care are well maintained. The Conservatory is one of the structures on the estate which requires significant maintenance and deterioration of the Conservatory could have a detrimental effect on our wedding business. During 2021, CHGT carried out some more emergency repairs to the Rotunda and is now actively working with the London Borough of Hounslow to put a partnership project together to fund the renewal of the Conservatory in the future.

Structure, governance, and management

The Chiswick House and Gardens Trust is a Charitable Company Limited by Guarantee, incorporated on 6 July 2004 and registered as a charity with the Charity Commission on 27 April 2005. The Company was established under a memorandum and articles of association which sets out the objects and powers of the Company and its governance. In the event of the Company being wound up, members are required to contribute an amount not exceeding £10.

All trustees give their time voluntarily and receive no benefits from the charity. Expenses reclaimed are disclosed in note 7 to the accounts.

Trustees of the Charity are also directors of the Company for the purposes of charity law.

The Chiswick House and Gardens Trust

Trustees’ annual report

For the year ended 31 March 2022

Appointment of trustees

In accordance with the articles of association and the recommendations of the independent review of CHGT’s governance approved by the board on 28 February 2019, the chair of the board is appointed by EHT and LBH jointly. They may each appoint a further two trustees. The Board may appoint additional trustees in accordance with the articles. The total number of trustees, including the Chair, shall not exceed eleven. All appointments of trustees, including the Chair, shall be for a term of four years which may be renewed for a further four years.

Organisational structure

The Board of Trustees administers the Charity and is responsible for its strategic direction and policy. The Board meets quarterly and comprises the members listed on page 1 of this report.

The principal sub-committee is the Finance, Audit and Risk Committee which is made up of a minimum of three trustees with specialist expertise and the Director. The Finance, Audit and Risk Committee meets in advance of a Board Meeting and at other times as and when required. There is also a Heritage and Gardens Advisory Panel and a Trading company board. All these have trustee representation.

The Board has delegated day-to-day management to Xanthe Arvanitakis, Director, and the other key management personnel listed on page 2.

Trustee induction and training

New trustees meet the Chair and the Chair of the Finance, Audit and Risk Committee as well as the Director and senior staff before their first meeting. In addition, they are given a welcome pack of information about the organisation and a copy of the Charity Commissions' guidance for becoming a new trustee (Charity Commission document ref: CC3).

Related parties and relationships with other organisations

English Heritage and the London Borough of Hounslow are both related parties. In addition to their role in appointing trustees, see above, Chiswick House was managed by English Heritage Trust, and the Chiswick House Gardens are owned by the London Borough of Hounslow. On 6 April 2017, Chiswick House and Gardens Trust took over the operational management of Chiswick House from English Heritage under a Local Management Agreement which was renewed for 10 years in June 2022.

In April 2010, the Charity assumed the management of the Gardens on behalf of the London Borough of Hounslow pending a 99-year lease, which was signed in May 2013. The Charity also assumed limited operational functions within Chiswick House, in 2010, including education, volunteering, and hospitality. Both events followed a major restoration of the historic landscape and improvement to visitor facilities (by CHGT and the related parties) made possible by a substantial grant from the National Lottery Heritage Fund and other fundraised donations.

The Chiswick House and Gardens Trust

Trustees’ annual report

For the year ended 31 March 2022

Remuneration policy for key management personnel

CHGT’s approach to remuneration is to base salaries on those paid for comparable jobs in the sector and to review the size and scale of the role in conjunction with the organisation. Annual increments are paid related to the going rate in the charity sector and the economy as a whole and subject to affordability. A non-pensionable bonus may be paid for exceptional performance in the year.

Policy for employment of disabled persons

CHGT advertises all job vacancies and there are no restrictions for the applicants. CHGT will not discriminate because of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race (which included colour, nationality and ethnic or national origins), religion or belief, sex, or sexual orientation. It will not discriminate because of any other irrelevant factor and will build a culture that values meritocracy, openness, fairness, and transparency. The Estate Yard, garden buildings, gardens and offices are fully accessible. In the Kitchen Garden raised beds have been introduced to ensure that all volunteers and staff are able to garden. Should a member of staff become disabled, all considerations will be made to enable them to work.

Fundraising

CHGT uses its own staff to provide fundraising activities with individual donors as well as Trusts and Foundations. CHGT has complied with all fundraising regulations during the financial year and has received no complaints regarding its fundraising activities. CHGT will only approach individuals who have expressed an interest in becoming a donor through one of its initiatives such as the membership and Patrons scheme or memorial benches.

Statement of responsibilities of Trustees

The Trustees (who are also directors of Chiswick House and Gardens Trust for the purposes of company law) are responsible for preparing the Trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting 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 charitable company and group and of the incoming resources and application of resources, including the income and expenditure, of the charitable company or group for that period. In preparing these financial statements, Trustees are required to:

Select suitable accounting policies and then apply them consistently
Observe the methods and principles in the Charities SORP
Make judgements and estimates that are reasonable and prudent
State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation

The Chiswick House and Gardens Trust

Trustees’ annual report

For the year ended 31 March 2022

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as Trustees are aware:

There is no relevant audit information of which the charitable company’s auditor is unaware
The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up. The total number of such guarantees on 31 March 2020 was 11 (2018: 16). Trustees are members of the charity, but this entitles them only to voting rights. Trustees have no beneficial interest in the charity.

Auditor

Sayer Vincent LLP was re-appointed as the charitable company's auditor during the year and has expressed its willingness to continue in that capacity.

Trustees’ annual report has been approved by Trustees on 18 November 2022 and signed on their behalf by

Sir Derek Myers Chair

Independent auditor’s report

To the members of

The Chiswick House and Gardens Trust

Opinion

We have audited the financial statements of The Chiswick House and Gardens Trust (the ‘parent charitable company’) and its subsidiary (the ‘group’) for the year ended 31 March 2022 which comprise the consolidated statement of financial activities, the group and parent charitable company balance sheets, the consolidated statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Give a true and fair view of the state of the group’s and of the parent charitable company’s affairs as at 31 March 2022 and of the group’s incoming resources and application of resources, including its income and expenditure, for the year then ended
Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice
Have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the group financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on The Chiswick House and Gardens Trust's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of Trustees with respect to going concern are described in the relevant sections of this report.

Independent auditor’s report

To the members of

The Chiswick House and Gardens Trust

Other Information

The other information comprises the information included in Trustees’ annual report, other than the group financial statements and our auditor’s report thereon. Trustees are responsible for the other information contained within the annual report. Our opinion on the group financial statements does not cover the other information, and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the group financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the group financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

The information given in Trustees’ annual report for the financial year for which the financial statements are prepared is consistent with the financial statements
Trustees’ annual report, including the strategic report has been prepared in accordance with applicable legal requirements

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in Trustees’ annual report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and Charities Act 2011 requires us to report to you if, in our opinion:

Adequate accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us; or
The parent charitable company financial statements are not in agreement with the accounting records and returns; or
Certain disclosures of trustees’ remuneration specified by law are not made; or
We have not received all the information and explanations we require for our audit; or
● The directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing Trustees’ annual report and from the requirement to prepare a strategic report.

Independent auditor’s report

To the members of

The Chiswick House and Gardens Trust

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in Trustees’ annual report, Trustees (who are also the directors of the parent charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, Trustees are responsible for assessing the group’s and the parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless Trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed auditor under the Companies Act 2006 and section 151 of the Charites Act 2011 and report in accordance with those Acts.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

We enquired of management, the Finance & Audit Committee and the Board of Trustees, which included obtaining and reviewing supporting documentation, concerning the group’s policies and procedures relating to:
Identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance;
Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud;

Independent auditor’s report

To the members of

The Chiswick House and Gardens Trust

The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations.
We inspected the minutes of meetings of those charged with governance.
We obtained an understanding of the legal and regulatory framework that the group operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the group from our professional and sector experience.
We communicated applicable laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit.
We reviewed any reports made to regulators.
We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations.
We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.
In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Independent auditor’s report

To the members of

The Chiswick House and Gardens Trust

Use of our report

This report is made solely to the charitable company's members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the 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 charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Jonathan Orchard (Senior statutory auditor)

29 November 2022

for and on behalf of Sayer Vincent LLP, Statutory Auditor Invicta House, 108-114 Golden Lane, LONDON, EC1Y 0TL

Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006

The Chiswick House and Gardens Trust

Consolidated statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2022

For theyear ended 31 March 2022
				2022			2021
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	Note	£	£	£	£	£	£
Income from:
Donations, grants and legacies	2	90,982	404,037	495,019	186,782	430,522	617,304
Charitable activities
Estate Management	3	449,086	-	449,086	358,205	-	358,205
Other trading activities	4	647,779	-	647,779	246,962	-	246,962
Investments		75	-	75	420	-	420
Property rents		54,071	-	54,071	39,411	-	39,411
Other		35,798	-	35,798	69,563	-	69,563
Total income		1,277,791	404,037	1,681,828	901,343	430,522	1,331,865
Expenditure on:
Raising funds	5	458,074	76,754	534,828	342,996	85,042	428,038
Charitable activities
Gardens management	5	466,898	75,266	542,164	404,800	133,180	537,980
House management	5	276,183	148,537	424,720	186,743	211,347	398,090
Community programme	5	35,947	79,089	115,036	-	-	-
Total expenditure		1,237,102	379,646	1,616,748	934,539	429,569	1,364,108
Net income for the year	6	40,689	24,391	65,080	(33,195)	952	(32,243)
Transfers between funds		-	-	-	-	-	-
Net movement in funds		40,689	24,391	65,080	(33,195)	952	(32,243)
Reconciliation of funds:
Total funds brought forward		418,149	199,611	617,760	451,345	198,658	650,003
Total funds carried forward		458,838	224,002	682,840	418,149	199,611	617,760

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 18 to the financial statements.

The Chiswick House and Gardens Trust

Company no. 05171882

Balance sheets

As at 31 March 2022

As at 31 March 2022 Balance sheets			Company no. 05171882	Company no. 05171882
Note Fixed assets: 11 12 Current assets: 14 Liabilities: 15 17 18 Total unrestricted funds Stock Debtors Funds: Restricted income funds Unrestricted income funds: Designated funds fixed assets General funds Creditors: amounts falling due within one year Net current assets Total net assets Designated funds projects Cash at bank and in hand Tangible assets Investments Total funds	2022 2021 £ £ 183,346 256,524 - - 183,346 256,524 19,644 11,555 228,917 170,092 608,638 451,373 857,199 633,020 (357,705) (271,784) 499,494 361,236 682,840 617,760 224,002 199,611 67,373 80,851 15,000 40,000 376,465 297,298 458,838 418,149 682,840 617,760 The group		2022 2021 £ £ 183,346 256,524 1,000 1,000 184,346 257,524 - - 81,499 70,300 567,866 405,414 649,365 475,714 (449,651) (194,449) 199,714 281,265 384,060 538,789 224,002 199,611 67,373 80,851 15,000 40,000 77,685 218,327 160,058 339,178 384,060 538,789 The charity
	183,346 19,644 228,917 608,638	256,524 11,555 170,092 451,373	184,346 - 81,499 567,866	257,524 - 70,300 405,414
	857,199 (357,705)	633,020 (271,784)	649,365 (449,651)	475,714 (194,449)
	499,494	361,236	199,714	281,265
	682,840	617,760	384,060	538,789
	224,002 67,373 15,000 376,465	199,611 80,851 40,000 297,298	224,002 67,373 15,000 77,685	199,611 80,851 40,000 218,327
	458,838	418,149	160,058	339,178
	682,840	617,760	384,060	538,789

Approved by the trustees on 18 November 2022 and signed on their behalf by

Sir Derek Myers Chair

The Chiswick House and Gardens Trust

Consolidated statement of cash flows

For the year ended 31 March 2022

For the year ended 31 March 2022	For the year ended 31 March 2022	For the year ended 31 March 2022
Note £ £ Net income for the reporting period 65,080 (as per the statement of financial activities) Depreciation charges 76,010 Interest receivable (75) (Increase) in stocks (8,089) (Increase) / (Decrease) in debtors (58,825) Increase/(Decrease) in creditors 85,921 Net cash provided by operating activities 160,022 75 (2,832) (2,757) 157,265 451,373 608,638 Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Change in cash and cash equivalents in the year 2022 Cash flows from operating activities Net cash (used in) investing activities Cash flows from investing activities: Interest receivable Purchase of fixed assets			£ £ (32,243) 65,011 (420) (8,843) 19,549 (20,288) 22,765 420 (69,906) (69,486) (46,721) 498,094 451,373 2021
	75 (2,832)		420 (69,906)

		157,265 451,373		(46,721) 498,094
		608,638		451,373

The Chiswick House and Gardens Trust

Notes to the financial statements

For the year ended 31 March 2022

1 Accounting policies

a) Statutory information

The Chiswick House and Gardens Trust (CHGT) is a charitable company limited by guarantee and is incorporated in England.

The registered office address is The Chiswick House and Gardens Trust, The Estate Office, Chiswick House, LONDON, W4 2QN.

b) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

These financial statements consolidate the results of the charitable company and its wholly-owned subsidiary Chiswick House Trading Company Ltd on a line by line basis. Transactions and balances between the charity and its subsidiary have been eliminated from the consolidated financial statements. Balances between the two entities are disclosed in the notes of the charity's balance sheet. A separate statement of financial activities, or income and expenditure account, for the charitable company itself is not presented because the charity has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

c) Public benefit entity

The charity meets the definition of a public benefit entity under FRS 102.

d) Going concern

The Chiswick House and Gardens Trust is currently trading viably but the uncertain environment continues. Our projections are based on assumptions that we consider reasonable but there continues to be uncertainty. We regularly update and review our forecasts and monitor reserves in line with our reserves policy. We are mitigating our risk by continuing to control costs, working to diversify and increase our income into more stable long-term income. In addition, CHGT has applied for and continues to apply for a series of grants to improve our financial position including funds from the Arts Council and the LBH. We continue to receive sufficient financial help from EHT and LBH to complete the maintenance to the House and the Gardens.

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

The Chiswick House and Gardens Trust

Notes to the financial statements

For the year ended 31 March 2022

1 Accounting policies (continued)
f) Donations of gifts, services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

g) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

h) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

i) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
Costs of raising funds relate to the costs incurred by the charity in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose
Expenditure on charitable activities includes the costs of running the house, gardens and ancillary buildings and their associated support costs.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

k) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity.


	Estate management	33%	41
	House management	34%	32
	Community Programme	5%	-
	Raising funds for charitable activities and trading	27%	26
	Governance costs	1%	1

Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure.

Governance costs are re-allocated to each of the activities on the following basis which is an estimate, based on staff time, of the amount attributable to each activity

	Estate management	34%	42%
	House management	34%	32%
	Community Programme	5%	0%
	Raising funds for charitable activities and trading	27%	26%

The Chiswick House and Gardens Trust

Notes to the financial statements

For the year ended 31 March 2022

1 Accounting policies (continued)

Allocation of support costs (continued)

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

l) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

m) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £750. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use. Major components are treated as a separate asset where they have significantly different patterns of consumption of economic benefits and are depreciated separately over its useful life.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Building improvements
IT and equipment

10 years 3-5 years

Investments in subsidiaries

Investment in Chiswick House Trading Company Ltd, a wholly owned subsidiary of Chiswick House and Gardens Trust, is at cost.

o) Stocks

Stock relates to items held in the shop at the year end and are recorded at cost price or net realisable value if lower.

p) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

s) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

t) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

u) Pensions

The Trust makes payments to defined contribution pension schemes on behalf of employees. The assets of the schemes are held separately from those of the Trust in independently administered funds. The pension cost charge represents contributions payable to the funds during the year. The Trust has no liability under the schemes other than the payment of those contributions.

The Chiswick House and Gardens Trust

Notes to the financial statements

For the year ended 31 March 2022

2 Income from donations, grants and legacies

Income from donations, grants and legacies	Income from donations, grants and legacies
Unrestricted £ Trusts, grants and foundations 40,000 Community programme trust and g - Commemorative benches - Chiswick House Friends 10,000 Other individual donations 40,982 90,982		£ 268,450 110,701 12,000 - 12,886 Restricted	2022 Total £ 308,450 110,701 12,000 10,000 53,868	Unrestricted £ 5,000 - - 40,000 141,782	£ 373,388 - 12,000 30,000 15,134 Restricted	2021 Total £ 378,388 - 12,000 70,000 156,916
	90,982	404,037	495,019	186,782	430,522	617,304

3 Income from charitable activities

Income from charitable activities	Income from charitable activities
Unrestricted £ 317,393 63,779 67,914 449,086 London Borough of Hounslow English Heritage Trust House admissions and membership Total income from charitable activities Estate management (House and Gardens)		£ - - - Restricted	2022 Total £ 317,393 63,779 67,914	Unrestricted £ 308,839 50,000 (633)	£ - - - Restricted	2021 Total £ 308,839 50,000 (633)
	449,086	-	449,086	358,205	-	358,205

4 Income from other trading activities

Income from other trading activities	Income from other trading activities
Unrestricted £ 127,180 228,599 150,270 45,129 29,927 66,674 - 647,779 Weddings, private and corporate ev Commercial and community Catering commissions Filming & photography Other Car park Retail sales		£ - - - - - - - Restricted	2022 Total £ 127,180 228,599 150,270 45,129 29,927 66,674 -	Unrestricted £ 25,608 66,183 95,790 26,572 28,433 4,376 -	£ - - - - - - - Restricted	2021 Total £ 25,608 66,183 95,790 26,572 28,433 4,376 -
	647,779	-	647,779	246,962	-	246,962

The Chiswick House and Gardens Trust

Notes to the financial statements

For the year ended 31 March 2022

5a Analysis of expenditure (current year)

Charitable activities

Staff costs Other staff costs Projects and maintenance Events and security Depreciation Office Bank charges Audit and professional fees Other Support costs Governance costs Total expenditure 2022 Total expenditure 2021	Trading & cost of raising funds £ 132,214 - 28,369 130,320 696 125,057 83 - 1,750 418,489 111,793 4,546 534,828 428,038	Gardens Management £ 118,284 4,302 258,111 - 16,280 2,826 - - - 399,803 136,637 5,724 542,164 537,979	House Management £ 120,027 10,878 71,599 26,962 30,957 15,253 2,543 - - 278,219 140,777 5,724 424,720 398,090	Community Programme £ 19,268 - 11,100 63,124 - - - - - 93,492 20,702 842 115,036 -	Governance costs £ - - - - - 3,021 - 9,675 - 12,696 4,140 (16,836) - -	Support costs £ 200,752 21,870 19,483 14,390 28,077 113,529 1,381 - 14,567 414,049 (414,049) - - -	2022 Total £ 590,545 37,050 388,662 234,796 76,010 259,686 4,007 9,675 16,317 1,616,748 - - 1,616,748	2021 Total £ 436,956 45,264 525,129 73,671 65,011 151,770 4,133 19,276 42,898
								1,364,108 - -
								- 1,364,108

The Chiswick House and Gardens Trust

Notes to the financial statements

For the year ended 31 March 2022

5b Analysis of expenditure (prior year)

Charitable activities	Charitable activities	2021 Total £ 436,956 45,264 525,129 73,671 65,011 151,770 4,133 19,276 42,898
Gardens Management £ 132,775 - 248,246 - 12,395 - - - - 393,416 135,028 9,536 537,979	House Management £ 54,726 37,835 163,089 - 31,751 575 - - - 287,976 102,851 7,263 398,090
		1,364,108 - -
		1,364,108

The Chiswick House and Gardens Trust

Notes to the financial statements

For the year ended 31 March 2022

6 Net income for the year

This is stated after charging:

This is stated after charging:
	2022	2021
	£	£
Depreciation	76,010	65,011
Operating lease rentals:
Other	-	304
Auditor's remuneration (excluding VAT):
Audit	8,450	7,900
Other services	900	6,350

7 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Staff costs were as follows:

Staff costs were as follows:
Salaries and wages Social security costs Employer’s contribution to defined contribution pension schemes	2022 £ 528,687 43,694 18,165	2021 £ 389,627 32,538 52,626
	590,546	474,791

The following number of employees received employee benefits (excluding employer pension costs and employer's national insurance) during the year between:

£60,000 - £69,999

2022	2021
No.	No.
1	-

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £256,823 (2021: £186,284).

The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2021: £nil). No charity trustee received payment for professional or other services supplied to the charity (2021: £nil).

Trustee expenses were £Nil (2021: £Nil)

8 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was as follows:

Community Trading and raising funds House operations Support Garden management	2022 No. 3.35 4.27 4.24 .60 4.62	2021 No. 2.43 4.42 2.98 - 3.17
	17.08	13.00

The Chiswick House and Gardens Trust

Notes to the financial statements

For the year ended 31 March 2022

9 Related party transactions

Unrestricted donations of £1,000 were received from related parties (2021: £2,594) and restricted donations of £126 (2021: £750)

During the year the charity received donations of £10,000 (2021: £70,000) from Chiswick House Friends, a registered charity. Chiswick House Friends is registered charity, and a separate entity to Chiswick House and Gardens Trust. One trustee of Chiswick House and Gardens Trust during the year is also a trustee of Chiswick House Friends.

A management charge of £87,839 (2021: £44,918) was charged by the charity to the trading subsidiary, Chiswick House Trading Company Ltd to cover a proportion of central and operational costs of the Group.

10 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. The charity's trading subsidiary Chiswick House Trading Company Limited distributes under Gift Aid available profits to the parent charity.

11 Tangible fixed assets

Tangible fixed assets
The group and charity Cost Depreciation At the start of the year Additions in year Disposals in the year At the end of the year At the end of the year At the start of the year Charge for the year Net book value At the end of the year At the start of the year Depreciation on disposals	Buildings improvements £ 249,878 - -	IT and equipment £ 318,458 2,832 (65,026)	Total £ 568,336 2,832 (65,026)
	249,878	256,264	506,142
	128,275 22,765 -	183,537 53,245 (65,026)	311,812 76,010 (65,026)
	151,040	171,756	322,796
	98,838	84,508	183,346
	121,603	134,921	256,524

All of the above assets are used for charitable purposes.

The Chiswick House and Gardens Trust

Notes to the financial statements

For the year ended 31 March 2022

12 Subsidiary undertaking

The charity owns the whole of the issued ordinary share capital of Chiswick House Trading Company Ltd, a company registered in England. The company number is 07152064. The registered office address is The Estate Yard, Chiswick House, London W4 2QN.

The subsidiary is used for non-primary purpose trading activities. All activities have been consolidated on a line by line basis in the statement of financial activities. Available profits are distributed under Gift Aid to the parent charity.

A summary of the results of the subsidiary is shown below:

A summary of the results of the subsidiary is shown below:
Management charge payable to parent undertaking The aggregate of the assets, liabilities and reserves was: Taxation on profit on ordinary activities Retained earnings Total retained earnings brought forward Profit on ordinary activities before taxation Profit for the financial year Distribution under Gift Aid to parent charity Total retained earnings carried forward Assets Liabilities Reserves Turnover Cost of sales Gross profit Administrative expenses Profit for the financial year Profit on ordinary activities before interest and taxation Interest receivable and similar income	2022 £ 644,280 (250,937)	2021 £ 256,427 (127,456)
	393,343 (5,351) (87,839)	128,971 (5,234) (44,918)
	300,153 4	78,819 134
	300,157 -	78,953 -
	300,157	78,953
	78,971 300,157 (80,347)	284,898 78,953 (284,880)
	298,781	78,971
	504,162 (205,381)	262,685 (183,714)
	298,781	78,971

Amounts owed to/from the parent undertaking are shown in note 15.

13 Parent charity

The parent charity's gross income and the results for the year are disclosed as follows:

	2022	2021
	£	£
Gross income	1,205,731	1,405,105
Result for the year	(154,730)	173,684

The Chiswick House and Gardens Trust

Notes to the financial statements

For the year ended 31 March 2022

14 Debtors

e year ended 31 March 2022 Debtors
Accrued income Trade debtors Other debtors Prepayments	2022 2021 £ £ 104,138 87,159 2,718 1,800 4,400 7,351 117,661 73,782 228,917 170,092 The group		2022 £ 8,309 2,205 4,400 66,585 The	2021 £ 19,478 1,800 4,616 44,406 charity
	228,917	170,092	81,499	70,300

15 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year	Creditors: amounts falling due within one year	Creditors: amounts falling due within one year
2022 2021 £ £ 89,823 57,901 27,043 20,751 5,823 4,330 - - 64,665 34,658 170,351 154,144 357,705 271,784 2022 2021 £ £ Balance at the beginning of the year 154,144 160,767 Amount released to income in the year (127,254) (60,358) Amount refunded in the year (7,375) (45,292) Amount deferred in the year 150,836 99,027 Balance at the end of the year 170,351 154,144 Comprising: Weddings and private events 67,248 41,409 Other events and projects 103,103 112,736 170,351 154,144 General unrestricted Designated funds £ £ - 67,373 376,465 15,000 376,465 82,373 Deferred income (note 16) Amounts due to group undertakings Taxation and social security The group Deferred income The group Trade creditors Analysis of group net assets between funds (current year) Net current assets Other creditors Accruals Net assets at 31 March 2022 Tangible fixed assets			2022 £ 74,783 12,889 1,809 296,842 60,100 3,228 The	2021 £ 45,931 (3,124) 1,800 105,379 28,993 15,470 charity
	357,705	271,784	449,651	194,449
			2022 £ 15,470 (13,931) - 1,689 The	2021 £ 12,115 - (3,645) 7,000 charity
	170,351	154,144	3,228	15,470
	67,248 103,103	41,409 112,736	- 3,228	- 15,470
	170,351	154,144	3,228	15,470
		Designated funds £ 67,373 15,000	Restricted funds £ 115,968 108,034	Total funds £ 183,341 499,499
	376,465	82,373	224,002	682,840

16 Deferred income

17a Analysis of group net assets between funds (current year)

The Chiswick House and Gardens Trust

Notes to the financial statements

For the year ended 31 March 2022

17b Analysis of group net assets between funds (prior year)

Net current assets Tangible fixed assets Net assets at 31 March 2021	General unrestricted £ - 297,298	Designated funds £ 80,851 40,000	Restricted funds £ 175,673 23,938	Total funds £ 256,524 361,236
	297,298	120,851	199,611	617,760

18a Movements in funds (current year)

Movements in funds (current year)
Total restricted funds Total designated funds General funds Meet me at the Gates Playground Grant Total unrestricted funds Projects Total funds Playground - Individual Donations Community Projects Designated funds: Chiswick House Friends: Memorial Benches Public Programme Melon house Stables Security Grant Exhibition Events Work from home support Unrestricted funds: Fixed assets Garden Projects Fund Cultural Recovery Fund Grants Restricted funds: Playground Resilient funds Placemaking Plan	At 1 April 2021 £ 31,175 22,500 5,751 6,630 - - 7,481 - 1,421 6,154 35,913 - 65,081 13,895 3,611 -	Income & gains £ - - - - 8,500 12,000 11,760 16,386 75,891 8,260 174,600 60,000 - - 2,326 34,314	Expenditure & losses £ (4,200) (7,500) (2,761) (1,348) (8,500) (12,000) (19,241) (16,000) (18,729) (10,129) (185,764) (54,439) (35,177) (2,826) - (1,032)	Transfers £ - - - - - - - 1,000 - - - (1,000) - - - -	At 31 March 2022 £ 26,975 - 15,000 2,990 5,282 - - - 1,386 58,583 4,285 24,749 4,561 29,904 11,069 5,937 33,282
	199,611	404,037	(379,646)	-	224,002
	80,851 40,000	1,700 -	(15,179) -	- (25,000)	67,373 15,000
	120,851	1,700	(15,179)	(25,000)	82,373
	297,298	1,276,091	(1,221,923)	25,000	376,465
	418,149	1,277,791	(1,237,102)	-	458,838
	617,760	1,681,828	(1,616,748)	-	682,840

The narrative to explain the purpose of each fund is given at the foot of the note below.

The Chiswick House and Gardens Trust

Notes to the financial statements

For the year ended 31 March 2022

18b Movements in funds (prior year)

e year ended 31 March 2022 Movements in funds (prior year)
Total restricted funds Total designated funds General funds Total unrestricted funds Placemaking plan Garden projects funds Cultural Recovery Fund grants The Lohr Family fund Opening exhibition Security grant Playground grant Playground - individual donations Total funds Unrestricted funds: Projects Stables Chiswick House Friends: Designated funds: Fixed assets Melon house Work from home support Playground Resilient funds Restricted funds: Memorial benches Exhibition events	At 31 March 2020 £ 35,375 30,000 - - 12,580 - - - - - - - 116,500 - 4,203	Income & gains £ - - 10,000 20,000 - 12,000 7,481 15,633 6,154 320,295 3,720 18,740 - 15,000 1,499	Expenditure & losses £ (4,200) (7,500) (4,249) (13,370) (12,580) (12,000) - (14,212) - (284,382) (3,720) (18,740) (51,419) (1,105) (2,091)	Transfers £ - - - - - - - - - - - - - - -	At 31 March 2021 £ 31,175 22,500 5,751 6,630 - - 7,481 1,421 6,154 35,913 - - 65,081 13,895 3,611
	198,658	430,522	(429,569)	-	199,611
	96,523 -	- -	- -	(15,672) 40,000	80,851 40,000
	96,523	-	-	24,328	120,851
	354,822	901,343	(934,539)	(24,328)	297,298
	451,345	901,343	(934,539)	-	418,149
	650,003	1,331,865	(1,364,108)	-	617,760

Purposes of restricted funds

Stables

A grant was received from Suez for the purpose of refurbishing the Stable block used for learning sessions and by volunteers. This is shown as a fixed asset within restricted funds.

Chiswick House Friends:

Melon house

Funds raised by Chiswick House Friends for the purpose of restoring the Melon House which was opened in May 2015. This is shown as a fixed asset within restricted funds.

Work from home support

Emergency funds to IT equipment and set up systems to enable staff to work from home and flexibly during the pandemic. The amount shown relates to fixed assets purchased.

Playground
Funds towards equipment for the playground and to provide support in the playground fundraising appeal and the amounts now shown relate to the fixed asset element.

The Chiswick House and Gardens Trust

Notes to the financial statements

For the year ended 31 March 2022

18 Movement in funds (continued)

Purposes of restricted funds

Resilient funds

A grant was received from the National Lottery Heritage fund towards the costs of a governance review, access audit, visitor engagement research and to fundraising support costs.

Memorial benches

Procurement or refurbishment of commemorative garden benches including 10 year bench maintenance programme and general garden upkeep.

Exhibition events

Fundraised towards 2021 season of public programme events with the House re-opening and new exhibition.

Public programme

Funds received from the Arts Council and individual donations to develop and fund public events.

Placemaking plan

Grants from the Architectural Heritage Fund and S106 London Bourough of Hounslow to develop a placemaking plan to identify how to optimise the buildings and outdoor spaces to develop the resilience of the Trust.

Garden projects fund

Donations received for specified garden projects and includes sum from the Golden Bottle Trust.

Cultural Recovery Fund grants

Cultural Recovery Fund Grant towards the specific costs to incurred during the Pandemic to support the Trust. The income received in the year is from CRF 2 and 3.

The Lohr Family fund

Donation towards staff salaries to further the charitable purposes of the organisation.

Community projects

Grant received from the Linbury Trust towards developing community gardens projects.

Security grant

S106 from London Borough of Hounslow for security surveillance system for the House.

Playground grant

S106 from London Borough of Hounslow towards refurbishing the playground. The sum left relates to the fixed asset element.

Playground - individual donations

Funds raised from individual donations for the refurbishing of the playground.

Meet me at the gates fund

Funding received from the Kusuma Trust, the Royal Horticultural Society and other donations towards the development and programmes for the Gardens entrance areas.

Purposes of designated funds:

Fixed assets

Fixed assets held by the Trust are not readily realisable and those held within unrestricted funds have been transferred to a separate designated fund. The transfer reflects additions and depreciation during the year.

Projects

Funds allocated towards specific projects.

19 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £10.

The Chiswick House and Gardens Trust

Contents

Reference and administrative information

Reference and administrative information

For the year ended 31 March 2022

Trustees’ annual report

For the year ended 31 March 2022

Objectives and activities

Purposes and aims

Trustees’ annual report

Achievements and performance 2021-22

Trustees’ annual report

For the year ended 31 March 2022

1.Control of operating costs

2. Launch of a Membership scheme and the development of more sustainable fundraising

3. Optimisation of income: existing events business and recovery

Trustees’ annual report

For the year ended 31 March 2022

4.Development of Community Programme

Trustees’ annual report

For the year ended 31 March 2022

5.Identifying new short and medium-term business models and income streams

Volunteers

Garden

With Thanks

Summary

Trustees’ annual report

For the year ended 31 March 2022

CHGT Impact

Financial review

Trustees’ annual report

For the year ended 31 March 2022

Reserves

Trustees’ annual report

For the year ended 31 March 2022

Principal risks and uncertainties

Trustees’ annual report

For the year ended 31 March 2022

Trustees’ annual report

For the year ended 31 March 2022

Appointment of trustees

Organisational structure

Trustee induction and training

Related parties and relationships with other organisations

Trustees’ annual report

For the year ended 31 March 2022

Remuneration policy for key management personnel

Policy for employment of disabled persons

Fundraising

Statement of responsibilities of Trustees

Trustees’ annual report

For the year ended 31 March 2022

In so far as Trustees are aware:

Auditor

To the members of

The Chiswick House and Gardens Trust

Opinion

Basis for opinion

Conclusions relating to going concern

Other Information

Opinions on other matters prescribed by the Companies Act 2006

Matters on which we are required to report by exception

To the members of

The Chiswick House and Gardens Trust

Responsibilities of trustees

Auditor’s responsibilities for the audit of the financial statements

Capability of the audit in detecting irregularities

To the members of

The Chiswick House and Gardens Trust

The Chiswick House and Gardens Trust

Use of our report

29 November 2022

The Chiswick House and Gardens Trust

For the year ended 31 March 2022

Balance sheets

As at 31 March 2022

Consolidated statement of cash flows

For the year ended 31 March 2022

For the year ended 31 March 2022