| Legal and administrative iniormauon |
Legal and administrative iniormauon |
||
|---|---|---|---|
| Trustees report |
2 —7 | ||
| Statement ofTrustees' I~t auditor's |
responsibilities report |
9—10 | |
| Statement ol' financial | activities | ||
| (including summary income and expenditure |
account) | ||
| Balance sheet | 12 | ||
| Cash ttow statement | 13 | ||
| Notes to the accounts | 14-24 |
| that Histori | c Hou | ses | Founda | tion would nxeive |
a grant off3 milli | on to distribute to |
18projects. | |
|---|---|---|---|---|---|---|---|---|
| Nts ofFr%rto | Total granted | Aw rage great | Pu6 at 301612I | |||||
| apprewd la year | ||||||||
| General fund Greats | ||||||||
| 200647 | 4 | 605,000 | I51250 | 605,000 | ||||
| 2007-08 | II | $14,990 | 74.090 | 814,990 | ||||
| 200849 | 12 | 841263 | 70,105 | 841263 | ||||
| 2009.10 | IS | 654,509 | 36362 | 633509 | 21,000 | |||
| 2010.11 | 17 | I,ONL003 | 59294 | 938.003 | 71L000 | |||
| 2011-12 | 13 | 565276 | 43,490 | 565276 | ||||
| 2012-13 | 21 | 983515 | 46,834 | 978.640 | 4,S75 | |||
| 2013-14 | 25 | 1,422597 | 56,904 | 1237,86$ | 84,729 | |||
| 2014-15 | 17 | 804,445 | 47220 | 657,745 | 146,700 | |||
| 2015-16 | 19 | 788,62$ | 41~ | 775,189 | 13.439 | |||
| 2016-17 | 21 | 524299 | 24,971 | 501299 | 20,000 | |||
| 2017-18 | IS | 568,497 | 31283 | 388,497 | 180,000 | |||
| 2018-19 | 26 | 797,701 | 31k681 | 5NL 101 | 289.600 | |||
| 2019-20 | 16 | 513J40 | 32,096 | 309240 | 204200 | |||
| 2020-21 | 20 | 470,076 | 23$l4 | 140~ | 329376 | |||
| Total | 11262539 | 9.998320 | 1.364219 | |||||
| Restricted | Fund Grants | |||||||
| Hers uue Conservation | Trust | |||||||
| 2019-20 | 43 073 | 4.786 | 19.437 | |||||
| 2020-21 | 21 | 5 2 |
1326$ | |||||
| 13 | 32.805 | 31.636 | ||||||
| Heritage Stinudus | Fund | |||||||
| 2020-21 | 18 | 2.81IL500 | 156583 | 2.81IL500 | ||||
| Total grants | 14245,4$0 | 12.849.625 | 1.395.855 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| 8 | 8 | ||||
| Market | value ofinvestrmnts | at I July 2020(1 July 2019) | 11371,851 | 11,702,400 | |
| Incorre | 149.743 | 279390 | |||
| Shares | tmnsfcrred | in as donation | 1,99&,952 | ||
| Dmwdowns | (500,000) | (500.000) | |||
| Change | in market | value | 1.701 sJks | ~399.9393 | |
| Market | value ofinvestnnnts | at 30June 2021(30Junc 2020) | ~14,719831 | 11.371,851 |
| tinrestrtcted | nesigmued | nesigmued | Restricted | Toml | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| fanrh | foods | fumh | 2021 | 2020 | |||||
| Notes | 8 | 8 | 8 | 8 | 8 | ||||
| taco/as | |||||||||
| Cxants. donalions and hgacies |
3 | 2, 123,497 | 2,837,851 | 4,961348 | 45,916 | ||||
| Investnnnt inconn |
4 | 149,858 | 149,858 | 279.944 | |||||
| Total incoming msoutccs |
2273355 | 2.837.851 | 5.111206 | ||||||
| Pxpradlturc | |||||||||
| Cost ofraising tbnds | |||||||||
| Invcstncnt nnnagcrs' |
hcs | 43,864 | 43864 | 39.673 | |||||
| gxpcndhure on charitable |
activitxu | ||||||||
| Grants payable Giant suppon and governance |
costs | 2,837,758 | 3,410,486 ~730 |
||||||
| Cost ofgiant nnking | 62.730 | 572,728 | 2,837,758 | 3.473216 | 763.749 | ||||
| Total expenditure | 572,728 | 2,837758 | 3J17,080 | 803.422 | |||||
| Net i seams/(ex peadltare) for tbc year | 2,166.761 | (572.728) | 93 | IJ94,126 | (477J62) | ||||
| Trsnsfcrof/uncs gomHerhagc |
14 | (13,932) | |||||||
| Conscrvalion Tnisl |
|||||||||
| Cain/(loss )on in vest imnt | assets | 10 | ~1742348 | 1.742348 | ~71 ) |
||||
| Net lacrease/(decrcase) | la fuaih | for thc &car | 3,909,109 | (572,728) | 93 | 3J36.474 | (562,746) | ||
| Cross transfers betnccn |
lands | ~459,683) | 459 | 683 | |||||
| Nct mmemeats la fuadi |
For the year | 3,449,426 | (113,045) | 93 | 3J)6.474 | (562,746) | |||
| Reeoociliatiea ofIbadh | |||||||||
| Total Ihnds broagbt Faruard at I July 2020 | ~9716.787 | ~1477 | 229.121 | 11.423.172 | 11,985.918 | ||||
| Tatal feeds carried formudat 30 | Jane 2021 | ~13.166 13 |
~1364 | 19 | 229214 | ~14 759646 | ~ll 423.172 |
| AT30JUN | E 2021 | ||||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Note | |||||||
| Fixed assets | |||||||
| Invcstmcnts | 10 | 14,719,831 | 11,371,851 | ||||
| Current assets | |||||||
| Debtors | I495 | &,670 | |||||
| Cash at bank | 716.650 | 187.006 | |||||
| 718,245 | 195,676 | ||||||
| Creditors: | anx7unts | falling due | |||||
| within onc year | 12 | ~678,430 | ~144355) | ||||
| Net correat | assets | 39,815 | 51321 | ||||
| Net assets | 14.777444 | 11.471.17! | |||||
| RESERVES | AND FUNDS | ||||||
| Unrestricted | funds | 13,166213 | 9,716,787 | ||||
| Designated | funds | 13 | 1,364319 | 1,477364 | |||
| Restricted funds | 14 | 229214 | 229,121 | ||||
| 74777444 | 11,423,172 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| E | 8 | ||||||
| Net cash | acedia operatiag | actldtles | (sce note | belaw) | 1,985,418 | ||
| Cash llovu from imes tlag | acthltlest | ||||||
| Dividends | and interest | 149,858 | |||||
| Disposal | pmcccds on stdc | ol'investnants | 6,087.740 | 5394,715 | |||
| Purchase | ofinvesmwnts | (7,773,561) | (5,41&,737) | ||||
| Decrease | m uninvested cash hckl by mvestnant |
managers | 283319 | ||||
| Net cash | prmhhdby imcstlag mthtdcs |
~1.455.774) | 539241 | ||||
| Oumge in cash and cash equrvaknts |
in the year | ||||||
| Cash and | cash cquivahnts | brought | forward | 116.168 | |||
| Cash and | cash equivohnts | cnmed forward |
716,650 | ||||
| NOTETOTHECASH FLOW STATEMENT | |||||||
| Rccoacllladon ofaet mac | ment la ihada to net |
cash Sow fyom operating | acdsides | ||||
| 2021 | 2020 | ||||||
| l | |||||||
| Net nuvement in funds for thc year |
3336,474 | (562,746) | |||||
| Deduct Invesunent mconw shown in mvestmg |
activities | (149,858) | (279.944) | ||||
| (Gaingoss on rnvestnnnls | (1.742348) | 71252 | |||||
| Decrease | in debtors | 7,075 | 253,610 | ||||
| Increase | m credaors | 534.075 | 49,425 | ||||
| Net cash | used is operating | activities | 1.985.418 | ~46&403) |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Herbage Stimulus | Fund Grant | ?862,751 | |||||
| Donations and lessees receivable |
~098597 | 45.916 | |||||
| 4,961348 | 45,916 | ||||||
| 4 | iuvestmeut | income | |||||
| 2021 | 2020 | ||||||
| 8 | |||||||
| Income Born investments | 149,743 | 279390 | |||||
| Bank interest | receivable | 115 | 554 | ||||
| 149.&58 | 279.944 | ||||||
| 5 | Expenditure | ||||||
| Grant | Toad | Total | |||||
| casu | fundiag | 2021 | 2020 | ||||
| 8 | 8 | ||||||
| Gant lunding | 3,410,486 | 3,410,416 | |||||
| Grant suppon | and | govemancc costs | 36.160 ~26570 | 3410486 | 62,730 3.473216 |
~763749 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| 8 | ||||||
| Grants relating | to direct charitable | expenditure | comprise: | |||
| Abcrcamlais Bridge |
35.000 | 35.000 | ||||
| Bodtyhddan Hall |
5,000 | |||||
| Cannon Hall |
27.170 | 15,000 | ||||
| City and Guilds | 11.000 | 11,000 | ||||
| Cobham Dairy |
50,000 | |||||
| Combcrmcre Abbey |
27,000 | |||||
| Covenuy Chartcrhouse |
15.000 | |||||
| Cmgcnd Farm Silo |
KotN | |||||
| Crecksea Place | 35,0tN | 15,000 | ||||
| Bvcringham Hall |
Chapel | 47,437 | ||||
| Glyn Cywarch | 42,000 | 18,000 | ||||
| Gwydir Castle | SaotN | &,400 | ||||
| Hall Phce | 10.000 | |||||
| 1leritage Fundtng | Directory | 2.800 | 2,800 | |||
| Heritage Update | II | 4.0tN | 4,000 | |||
| Ilighcliff» Castle | 70,000 | |||||
| Hole Park | 2500 | |||||
| Holkham Hall |
40,000 | |||||
| Kcgy House | 12,401 | |||||
| Kchnscou Manor | 15.000 | 15.000 | ||||
| Kilve Chanlry | 6.000 | 6.000 | ||||
| Langton Hall |
21,000 | 9,000 | ||||
| Lawkhnd Hall |
ia500 | |||||
| Lotion I.lail |
7.500 | 15.000 | ||||
| Mark«nllckl Hall |
35,000 | |||||
| Middkton Hall |
10,000 | 10.000 | ||||
| Nether Winchcndon | House | 35.000 | ||||
| Nokc Coun | 19,603 | |||||
| Norton Conyem |
I&000 | 18,000 | ||||
| Cnvlpcn Manor | 4.547 | |||||
| Pitchford Hall |
13,500 | 25,500 | ||||
| Pluntpton Rocks |
13321 | |||||
| Powderham Castle |
50,000 | |||||
| Prince's Foundation | BCA | 15,000 | 15,000 | |||
| Rokeby Park | 30,000 | |||||
| Scaton Delaval | 24.000 | |||||
| Sharpham House |
10~ | 4.500 | ||||
| Springfiekl House |
IL000 | Iaooo | ||||
| Springhead Mill |
10,000 | |||||
| Stonor Park | 16,000 | |||||
| Stowe House (Nonh | Hall) | |||||
| Sulgrave Manor | 14,000 | |||||
| 554.728 | 611.v&1 |
| Grants payable (continued) |
||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| 8 | ||||
| Jtroughr fonrortf | 611351 | |||
| Tickcnhsm Court | 15.000 | |||
| Tteowen House | &,OtN | |||
| Wcstonbirt House |
10,000 | |||
| Wick Coun | ||||
| Wintc*oume Bam |
||||
| 68325t | ||||
| Restricted grants fram Heritage Consermdon | Trust Ftmd | |||
| Capesthome Hall |
33tN | |||
| Ho&ingham Castle |
||||
| Button in tbc Forest |
1,000 | |||
| Iscoyd Park | &368 | |||
| Kentchurch | 4,0tN | |||
| Leighton Hall |
1,090 | 910 | ||
| Royal Museum Crccnwich Wcston Perk |
1,500 | ~6637 | ||
| 13547 | ||||
| Restricted greats from Heritage Stlmulm | Fraud | |||
| Ahtwick Castle | 204,153 | |||
| Boston Manor House | 96,000 | |||
| Broadlsnds | 50,000 | |||
| asvcrton Manor |
25&,356 | |||
| Eastnor Castle | 87,489 | |||
| Evcringham Hall |
158,125 | |||
| Haddon Hall |
173,000 | |||
| Hedinghsm Castle |
137,185 | |||
| Holkham Hall |
200,143 | |||
| Kncbworth House |
I&2501 | |||
| layer Msmcy Tower | 82352 | |||
| Lcvens Hall | 165,676 | |||
| Muncastcr Castle | 15sic | |||
| Ncwby Hall |
47,830 | |||
| PowdcrhamCasttc | 249,885 | |||
| Sulgmve Manor | 56,112 | |||
| Wick Court | 279340 | |||
| Woodchas ter Mansion | ~375 143 | |||
| 818 | ||||
| Total grants payabte | 3,410486 |
| 2021 | 2020 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Great | Govcl'n- | Grant | Govcrn- | |||||||
| supportf | ~ace f |
Total f |
support f |
Total | ||||||
| Staffcosts | (see note S) | 36,160 | 36,160 | 36,719 | 36.719 | |||||
| Rent | 8,450 | 8,450 | 8,450 | 8,450 | ||||||
| Rtnes | 327 | 327 | 324 | 324 | ||||||
| Light and heal | 100 | 100 | 185 | 185 | ||||||
| ITcosts | 2,719 | 2,719 | 3,616 | 3,616 | ||||||
| Postage, stationery | and telephone | 388 | 388 | 499 | 499 | |||||
| Tnnelling | snd | subsistence | expenses | 1,000 | 1,000 | 1,904 | 1,904 | |||
| insurance | 1,474 | 1,474 | 1581 | 1,581 | ||||||
| Prolessionsl | fees | 408 | 408 | 443 | 443 | |||||
| Audit fccs | 4,980 | 4,980 | 4,992 | 4,992 | ||||||
| Trtlstccs cxpcnscs | 1019 | 1,319 | 2,681 | 2,681 | ||||||
| Pundraising | advice | 5,197 | 5,197 | 2,136 | 2,136 | |||||
| Ponfolio review | 3,000 | 3,000 | ||||||||
| Stmdry cxpcnses | 208 | 208 | 421 | 421 | ||||||
| ~50 618 | ~12 112 | 62,730 | 53278 | 13,673 | 66,951 |
| Staly costs | |||
|---|---|---|---|
| 2021 | 2020 | ||
| f | f | ||
| Eolplopllcnt | costs: | ||
| Wages and salaries | 32,873 | 32,873 | |
| Pension costs | 3287 | 3288 | |
| Social security | costs | 558 | |
| 36 160 | 36,719 |
| Uarcstr(eted | ncslgaatcd | Restricted | Total | |||||
|---|---|---|---|---|---|---|---|---|
| Ibsds | amds | fends | 2020 | 2019 | ||||
| Notes | 8 | 8 | 8 | 8 | 8 | |||
| Income | ||||||||
| 1)onntons snd legacies Ime5 1 ment Income |
45,916 279,944 |
45,916 279944 |
38.629 68.664 |
|||||
| To(Ill tocottttllg rc5ourccs | 325 860 | 325860 | 307.293 | |||||
| Kxpclnhlarc | ||||||||
| CO5l Ofratstltg flitch Imesunent managers' |
fees | 39673 | 39673 | 34067 | ||||
| Expoluhlmc ooehernable seltw ()rants ptonbic ()rant support and gotcrnsocc |
ltcs costs |
66951 | 683,251 | 13347 | 696,798 66951 |
683,3S4 76.540 |
||
| Cou ofgrstu msktng | 66,951 | 68325( | 13.547 | 763749 | 759894 | |||
| Tele( cxpcadllllrc | 106.624 | 683251 | 13547 | 803.422 | 793.961 | |||
| Net Income/(expeadl tore) for |
lbe year | 2(9~56 | (683,251) | (13,547) | (477,562) | (486,668) | ||
| Trsmfer offunds from Hen(see | 14 | (13,932) | (13,932) | 256,600 | ||||
| Conte ttauon Trun |
||||||||
| ILO5s) on inteslm xu assets | 10 | ~71 2) |
~(71 552 | ~l()6 74) | ||||
| Net increase/(decrease) | io faads for the year | 147.984 | (683251) | (27479) | (S62746) | (346,342) | ||
| Cross lrsmfers betneen | fmuh | ~496 2) |
496342 | |||||
| Ncl ntovcatcttts ia etude fot' Ibc)esr | (348,558) | (186,709) | (27479) | (f62,746) | (346342) | |||
| Reconciliation ofanub |
||||||||
| Total hmds broaght forward |
ot IJol) 2019 | 10.065345 | ~(.663 973 | 256.600 | 11,985918 | I 332,260 | ||
| Total Ibnds earl(cd forward st 30June 2020 | 9,716,787 | 1,477,264 | 229.121 | 11,423 172 | 11,985918 |
| 10 | Fixed asset | Fixed asset | Fixed asset | investments | investments | investments | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||||||
| 8 | |||||||||||
| Listed invesuncnts | at market | value | 14,46IL323 | 11,040,154 | |||||||
| Cash held by | investnnnt | managers | 251308 | 331.697 | |||||||
| 14.719,831 | 11371,851 | ||||||||||
| Shares andsecuritles | 2021 | 2020 | |||||||||
| 8 | |||||||||||
| Market mine | |||||||||||
| At I July 2020 | 11,040,154 | 11,087384 | |||||||||
| Acquisitions | 7,773J61 | 5,418,737 | |||||||||
| Disp os a le | (6,087,740) | (5394,715) | |||||||||
| Gains/(losses) | on investment | assets | 1.742348 | (71252) | |||||||
| At 30Junc | 2021 | 14.46th323 | 11.040,154 | ||||||||
| Igistoric cast | |||||||||||
| At 30June | 2021 | I | 845,781 | 10.490.742 | |||||||
| Unmalised | gains to 30June | 2021 | 1,622.542 | 549,412 | |||||||
| Imestmeats | at | adr mine | eomprlsmh | ||||||||
| Assets held | Assets held | ||||||||||
| In UK | eats idc(8( | ||||||||||
| 8 | |||||||||||
| Equities | 1.820.562 | 8,464,493 | 10285,055 | ||||||||
| Bonds | 769389 | 315,134 | 1,084,523 | ||||||||
| Multi-asset | funds | 235,469 | 235,469 | ||||||||
| Ahcrnatives | 1,790972 | 2358,607 | |||||||||
| Liquid lunds | 504,669 | ||||||||||
| Cash | 251.508 | 251308 | |||||||||
| Total | 5371,969 | 9347,862 | t4,719,831 |
| 1 1 | Debtom | |||||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| f | ||||||||
| Grants | 2.000 | |||||||
| Pmpaymcnts | and accrued income | 1.595 | 6.670 | |||||
| 1395 | 8.670 | |||||||
| 12 | Creditors: | amounts | falling | due within one year | ||||
| 2021 | 2020 | |||||||
| f | ||||||||
| Grants pay able |
653.847 | 124.000 | ||||||
| Accruals | 24383 | 20355 | ||||||
| 67%430 | 144355 | |||||||
| 13 | Designated | grads | ||||||
| 2021 | 2020 | |||||||
| f | 8 | |||||||
| Grunt commitments | at | 1 July 2020(1July 2019) | 1.477.%4 | 1,663.973 | ||||
| Grants approecd Grants withdmwn/adjusted |
470,076 ~10.393) |
516.103 | ||||||
| 1,936,947 | ? 160,515 | |||||||
| Less Grants | payable | |||||||
| Paid in the year | 637,291 | 628351 | ||||||
| Less:Grants | payable accrual at | I July 2020 | (124.000) | (69,100) | ||||
| Add: Grants | payabtc | nccrual at | 30Junc 2021 | 59.437 | 124.000 | |||
| 683.251 | ||||||||
| Grant commitments | at 30June 2021 (30June 2020) | 1364.219 |
| l)erhage | Heritage | ||||
|---|---|---|---|---|---|
| Conservation | Stimulus | ||||
| Trust | Fund | 2021 | 2020 | ||
| Restricted | lund bahnce at I July 2020 | 229,121 | 229,121 | 256.600 | |
| Grants payabh | 2,837.851 | 2,837,851 | |||
| Adjustment oftmnsfer offunds fiom Heritage Conservation Grants payable |
Trust ~19358) |
~88)888 | ~88)1758 | (13,932) ~13.517) |
|
| Restricted | fund bahnce at 30June 2021 | 209.863 | 19351 | 229214 | 229,121 |
| 15 | Analysis of | net assets between | fuads | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Uarestrlcted | Designated | Restricted | 2021 | ||||||
| ftssub | htuds | Ibntb | Total | ||||||
| f | f | ||||||||
| Fund balances | at 30June 2021 are represented | by: | |||||||
| Inv et taunts | 13355,612 | 1,364319 | - | 14,719,831 | |||||
| Net current assets | ~189399) ~13,166 13 |
- ~1219 |
229214 229,214 |
39815 14759646 |
|||||
| 15a | Analysis of | net assets bettsnen | lbnds | (prior year) | |||||
| tbrcstrtcted | Dcslgnatcd | Restricted | 2020 | ||||||
| funtb | funds | funds | Tata l | ||||||
| f | f | f | f | ||||||
| Fund balances | at 30June 2020 arc represented | by: | |||||||
| Investnnnts Net current assets |
9,894,587 ~177800) |
1,477364 - |
229,121 | H,371,851 51.32) |
|||||
| 9,71&,787 | ~1477 264 | 229,121 | I | I 423 172 |