##
##
|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|
##