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2021-03-30-accounts

REGISTERED COMPANY NUMBER: 06005336 (England and Wales) REGISTERED CHARITY NUMBER: 1120815

Report of the Trustees and

Unaudited Financial Statements For The Year Ended 30th March 2021

for

Delapre Abbey Preservation Trust

Cheney & Co 310 Wellingborough Road Northampton NN1 4EP

Delapre Abbey Preservation Trust

Contents of the Financial Statements For The Year Ended 30th March 2021

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 15
Detailed Statement of Financial Activities 16 to 17

Delapre Abbey Preservation Trust

Report of the Trustees For The Year Ended 30th March 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30th March 2021. The trustees have adopted the provisions of 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

The charity aims to:

The Trust has defined its strategic objectives as follows:

Coronavirus pandemic

The Trust, in common with other heritage visitor attractions, had to close its doors from 20th March 2020 for the safety of the public, staff, volunteers, and contractors. The lockdown continued into May, when takeaway facilities were then able to open. The Trust collaborated with its partners to operate its catering offer as a takeaway format complying with the Government guidance in place at the time.

Facilities were able to re-open in mid-July 2020 and operated with restrictions on capacity and social distancing. Despite these restrictions the Trust traded well before the second national lockdown on the 5th of November 2020, re opening in December before closing again in January for the remainder of the year. In all the operations closed for eight months of the year, with the remaining months operating under restrictions.

During periods of closure and restrictions, stakeholders, funders, and the Government provided support to help the Trust and many others manage the crisis with.

This support allowed the Trust to work through the pandemic crisis and establish a business model that will be the foundation for the Trust as we move forwards.

Community engagement

The charity further extended its role within the community by launching a new community local community annual pass that enabled households to access the house free of charge. This scheme saw a take up of over 1,000 households. In addition, the Trust provided free fresh fruit and veg donations to the local food resilience network and waived charges for events on receipt of a food donation, which helped support three local food resilience charities.

Volunteers

The charity grew its volunteer base to over 107 in the year, with a small number of volunteers sadly unable to return after the pandemic. The charity continued to invest considerable time and resource in delivering volunteer training opportunities, rolling out health and safety induction and role specific training, as well as customer service training and mentoring. Since the pandemic, the interest in volunteering opportunities based outdoors [within horticulture] has continued to grow.

Page 1

Delapre Abbey Preservation Trust

Report of the Trustees For The Year Ended 30th March 2021

ACHIEVEMENT AND PERFORMANCE

Charitable activities

This was the third year of the Abbey operation welcoming visitors, whilst general admissions declined from the first two years, other areas showed steady growth and opportunities for further growth in the future.

A review of the business plan was undertaken by experienced consultants Andrea Nixon MBE (Tate, Liverpool City Region LEP, Crafts Council, Arts Council and Audience Agency) and Anna Dinnen (Arts Council and Nesta). Stakeholders and Funders were engaged in evaluating the new strategic plan alongside comparator analysis to evaluate the direction and opportunities outlined. The new strategic plan was developed during this year and will be launched later in 2021. The overarching theme is to engage more people with the heritage, and open space for the benefit of the community and the long-term sustainability of the Trust.

During the pandemic, the Trust undertook a number of initiatives to further expand its charitable objectives as part of its emerging new business plan. New partnerships allowed the Trust to offer pay on your term's cultural experiences through Warts and All Theatre, and with the support of Arts Council England the Trust became the lead partner on the Thriving Communities Fund programme, which looks to improve access and awareness to social prescribing activities. This programme is supported by the following strategic partners.

- Unity Leisure

Eleanor Sier joined as Head of Interpretation and Engagement, bringing a wealth of community led and heritage focussed experience from Toynbee Hall and Fulham Palace. A new focus on interpretation has followed with the commitment to undertake an interpretation master plan by consultant LIMA. This will see the existing interpretation built on to ensure an inclusive and engaging experience inside and outside the Abbey.

During the year, a number of community events were taking place despite the pandemic. The Trust partnered with Northampton Theatres Trust to launch a Drive in Cinema, which was well received. In addition, Classics on the Lawn, Halloween, Visit Santa, and Half Terms trails were successful with good attendance at these events.

Due to fundraising, government support programmes and strong trading performance during the periods of restrictions the Trust's cashflow challenges reduced significantly. Trading across events, weddings, estate lettings, and hospitality fared better than forecast during the pandemic. In addition, a review of the organisation's cost base achieved a significant reduction.

Key achievements during the year include:

In summary, 2020/21 was a difficult year despite the numerous successes, with the team working in an everchanging environment. New Chief Executive Richard Clinton joined on 6th April 2020, and with the team has made strong inroads to develop relationships and grow new partnership to the benefit of the Trust. The audience reach and engagement have reached new levels, and the year's efforts have provided a new platform for the Trust to build on for a strong future.

Page 2

Delapre Abbey Preservation Trust

Report of the Trustees For The Year Ended 30th March 2021

ACHIEVEMENT AND PERFORMANCE

Fundraising activities

Due to the pandemic, new funds were available to the Heritage and Cultural sector as part of the Department of Culture Media and Sports - Cultural Recovery Fund (CRF) The Trust was successful with competitive bids put forward for CRF20 AND CRF21 and additionally in receiving emergency funding from National Lottery Heritage Fund in July. Additional fundraising was secured via Northampton Community Foundation that supported work reaching young people in underrepresented groups.

The Trust started a new relationship with Architectural Heritage Fund, benefiting from funding as part of the Cultural Recovery Programme that enabled the Trust to undertake viability assessments of the project to refurbish the 19th Century Stables, and further business planning work.

Over the course of the year the Trust benefited from small on-site donations from members of the public as well as the Northampton Lottery.

FINANCIAL REVIEW

Financial position

Taking into account bank balances at the date of this report of £448,305 and predicting monthly revenue forecasts for the year ahead, the charity considers that it has sufficient funds to remain solvent beyond the end of the financial year ending March 2022 and that the going concern basis of accounting is appropriate. In the year 2020/21, the charity took receipt of a number of grants to support recover from the pandemic which have put it in a stronger position going forward.

With the development of the new strategic plan and associated priorities, the Trust has started to see the results of new fundraising, alongside new initiatives to increase income and manage costs to enable a sustainable cashflow position in the short and medium term.

Reserves policy

The Trust has reviewed its reserves policy and, as it continues to grow and develop, the intention remains to retain a suitable cash buffer of at least £100,000 or 6 months of trading income whichever is higher. The Finance Sub-Committee trustees take responsibility for reviewing this policy annually in the light of the charity's overall financial position.

FUTURE PLANS

Plans to develop the Stables to the North of the main Abbey have progressed with some of the funding from strategic partners enabling fundraising strategies, options appraisals and plans to be developed to RIBA stage 2.

The shape of the proposed offer will centre around creating a mixed-use development curated to support the wellbeing programme through key partnerships.

In the year 2021/22 further work will continue to assess the costs, and fundraising opportunities that will help deliver the work required to realise the income potential.

In addition, the Trust will continue to explore other income streams which support and underpin its charitable objectives. These include leveraging relationships with third party hirers, venue agents and partners to host larger scale events and festivals in the wider parkland post the pandemic.

Overall predictions for the year 2021/22 suggest that the Abbey will further grow its income and effectively manage its cost base. New investment in interpretation will support emerging growth of general admissions, and group bookings with a particular focus on engaging young people and families. The Trust will continue to engage its community, stakeholders and funders to help shape the future opportunities as the Trust develops a master plan that will help guide it in its endeavours for long term sustainability and charitable delivery.

The Trustees would like to express their thanks and appreciation for the efforts of all the team at the Abbey, both staff and volunteers, and also for the continuing support of all our stakeholders, funders, and communities during this hugely challenging period.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Page 3

Delapre Abbey Preservation Trust

Report of the Trustees For The Year Ended 30th March 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

Trustees, who are also known as Executive Committee Members, are elected for a term of three years and then offered up for re-election at the AGM. Trustees are appointed as part of a recruitment and selection process and go through a comprehensive induction process. Where necessary, trustee policies and documents such as conflict of interest waivers are re-circulated for review and signature annually in accordance with the charity’s governing documents.

Related parties

Northampton Borough Council Partner in the restoration and running of the Abbey.

Heritage Lottery Fund Oversees use of grant monies.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

06005336 (England and Wales)

Registered Charity number 1120815

Registered office Abbey Cottage Delapre Abbey London Road Northampton Northamptonshire NN4 8AW

Trustees S R Edmonds Mrs M Hawkins Mrs J L Birch J A Burditt R Clinton (resigned 1.4.2020) F Guilmard P N Hampden-Smith Mrs S Schaebitz N N Shakir (resigned 29.5.2020) O C Wicksteed Mrs S L Hollis

Company Secretary Ms C E Key

Independent Examiner

Paul Sparks FCA FCCA Cheney & Co 310 Wellingborough Road Northampton NN1 4EP

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 10th December 2021 and signed on its behalf by:

S R Edmonds - Trustee

Page 4

Independent Examiner's Report to the Trustees of Delapre Abbey Preservation Trust

Independent examiner's report to the trustees of Delapre Abbey Preservation Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th March 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCA FCCA which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Paul Sparks FCA FCCA Cheney & Co 310 Wellingborough Road Northampton NN1 4EP

10th December 2021

Page 5

Delapre Abbey Preservation Trust

Statement of Financial Activities

(Incorporating an Income and Expenditure Account) For The Year Ended 30th March 2021

2021
Unrestricted
Restricted
Total
fund
funds
funds
Notes
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
426,155
-
426,155
Other trading activities
3
209,241
-
209,241
Investment income
4
64
-
64
Other income
144,641
-
144,641
Total
780,101
-
780,101
EXPENDITURE ON
Raising funds
77,297
-
77,297
Charitable activities
5
General activities
529,056
-
529,056
Other
25,648
-
25,648
Total
632,001
-
632,001
NET INCOME/(EXPENDITURE)
148,100
-
148,100
RECONCILIATION OF FUNDS
Total funds brought forward
230,414
-
230,414
TOTAL FUNDS CARRIED FORWARD
378,514
-
378,514		 2020
Total
funds
£
240,665
355,366
109
-
596,140
69,583
549,695
55,057
674,335
(78,195)
308,609
230,414

The notes form part of these financial statements

Page 6

Delapre Abbey Preservation Trust

Balance Sheet 30th March 2021

Unrestricted
Restricted
fund
funds
Notes
£
£
FIXED ASSETS
Tangible assets
10
144,313
-
CURRENT ASSETS
Stocks
11
9,568
-
Debtors
12
95,247
-
Cash at bank and in hand
13
448,305
-
553,120
-
CREDITORS
Amounts falling due within one year
14
(269,752)
-
NET CURRENT ASSETS
283,368
-
TOTAL ASSETS LESS CURRENT LIABILITIES
427,681
-
CREDITORS
Amounts falling due after more than one year
15
(49,167)
-
NET ASSETS
378,514
-
FUNDS
17
Unrestricted funds
TOTAL FUNDS		 2021
Total
funds
£
144,313
9,568
95,247
448,305
553,120
(269,752)
283,368
427,681
(49,167)
378,514
378,514
378,514		 2020
Total
funds
£
168,833
10,620
62,853
170,273
243,746
(182,165)
61,581
230,414
-
230,414
230,414
230,414

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 10th December 2021 and were signed on its behalf by:

S R Edmonds - Trustee

The notes form part of these financial statements

Page 7

Delapre Abbey Preservation Trust

Notes to the Financial Statements For The Year Ended 30th March 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistency applied to all years presented unless otherwise stated.

The presentation currency of the financial statements is the Pound Sterling (£).

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.

It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Paintings - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Stocks

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 8

continued...

Delapre Abbey Preservation Trust

Notes to the Financial Statements - continued For The Year Ended 30th March 2021

1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

Donations
Grants
Grants received, included in the above, are as follows:
Grant		 2021
£
7,420
418,735
426,155
2021
£
418,735		 2020
£
7,350
233,315
240,665
2020
£
233,315

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable.

Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

3. OTHER TRADING ACTIVITIES

Shop income
Catering contracts
Admissions and activities
Rents received
4.
INVESTMENT INCOME
Deposit account interest
5.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
General activities
527,556		 2021
£
1,888
129,215
68,046
10,092
209,241
2021
£
64
Support
costs
£
1,500		 2020
£
22,575
98,883
233,908
-
355,366
2020
£
109
Totals
£
529,056

Page 9

continued...

Delapre Abbey Preservation Trust

Notes to the Financial Statements - continued For The Year Ended 30th March 2021

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2021 2020
£ £
Depreciation - owned assets 77,869 74,595

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30th March 2021 nor for the year ended 30th March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30th March 2021 nor for the year ended 30th March 2020.

8. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2021
£
318,108
12,590
6,711
337,409		 2020
£
308,303
22,595
8,258
339,156

The average monthly number of employees during the year was as follows:

9.

Salaries
Annualized hour contract
Zero hour contracts
Volunteers
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
240,665
Other trading activities
355,366
Investment income
109
Total
596,140
EXPENDITURE ON
Raising funds
69,583
Charitable activities
General activities
522,361
Other
55,057
Total
647,001		 2021
8
1
2
107
118
Restricted
funds
£
-
-
-
-
-
27,334
-
27,334		 2020
13
2
3
125
143
Total
funds
£
240,665
355,366
109
596,140
69,583
549,695
55,057
674,335

Page 10

continued...

Delapre Abbey Preservation Trust

Notes to the Financial Statements - continued For The Year Ended 30th March 2021

9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£
NET INCOME/(EXPENDITURE)
(50,861)
RECONCILIATION OF FUNDS
Total funds brought forward
281,275
TOTAL FUNDS CARRIED FORWARD
230,414
10.
TANGIBLE FIXED ASSETS
Paintings
£
COST
At 31st March 2020
2,140
Additions
-
At 30th March 2021
2,140
DEPRECIATION
At 31st March 2020
1,041
Charge for year
231
At 30th March 2021
1,272
NET BOOK VALUE
At 30th March 2021
868
At 30th March 2020
1,099
Property
improvements
£
COST
At 31st March 2020
-
Additions
26,785
At 30th March 2021
26,785
DEPRECIATION
At 31st March 2020
-
Charge for year
614
At 30th March 2021
614
NET BOOK VALUE
At 30th March 2021
26,171
At 30th March 2020
-
Restricted
funds
£
(27,334)
27,334
-
Plant and
machinery
£
9,914
859
10,773
5,661
1,997
7,658
3,115
4,253
Computer
equipment
£
44,870
3,957
48,827
28,679
9,529
38,208
10,619
16,191		 Total
funds
£
(78,195)
308,609
230,414
Fixtures
and
fittings
£
359,590
21,748
381,338
212,300
65,498
277,798
103,540
147,290
Totals
£
416,514
53,349
469,863
247,681
77,869
325,550
144,313
168,833

Tangible fixed assets are carried at cost less accumulated depreciation and impairment.

Page 11

continued...

Delapre Abbey Preservation Trust

Notes to the Financial Statements - continued For The Year Ended 30th March 2021

11. STOCKS

Stock of shop merchandise
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments		 2021
£
9,568
2021
£
60,693
832
33,722
95,247		 2020
£
10,620
2020
£
57,622
663
4,568
62,853

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Debtors are measured at their recoverable amounts.

13. CASH AT BANK AND IN HAND

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans and overdrafts (see note 16)
Trade creditors
Social security and other taxes
VAT
Other creditors
Accrued expenses		 2021
£
833
34,052
9,220
3,133
58,723
163,791
269,752		 2020
£
5
4,161
5,044
7,206
55,277
110,472
182,165

Liabilities to creditors are recognised and measured at their settlement amount. Deferred income are amounts received in advance for annual passes and weddings and other activities.

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

16.

Bank loans (see note 16)
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years		 2021
£
49,167
2021
£
-
833
833
10,000
30,000		 2020
£
-
2020
£
5
-
5
-
-

Page 12

continued...

Delapre Abbey Preservation Trust

Notes to the Financial Statements - continued For The Year Ended 30th March 2021

16. LOANS - continued

Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
17.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Restricted Funds- Mercers Trust
HLF Lottery Fund via Council Grant
Volunteer Forum Funding
TOTAL FUNDS		 At
31.3.20
£
230,414
230,414
Incoming
resources
£
780,101
780,101
At
31.3.19
£
281,275
17,984
2,517
6,833
27,334
308,609		 2021
2020
£
£
9,167
-
Net
movement
At
in funds
30.3.21
£
£
148,100
378,514
148,100
378,514
Resources
Movement
expended
in funds
£
£
(632,001)
148,100
(632,001)
148,100
Net
movement
At
in funds
30.3.20
£
£
(50,861)
230,414
(17,984)
-
(2,517)
-
(6,833)
-
(27,334)
-
(78,195)
230,414		 2020
£
-
At
30.3.21
£
378,514
378,514
148,100
At
30.3.20
£
230,414
-
-
-
-
230,414

Page 13

continued...

Delapre Abbey Preservation Trust

Notes to the Financial Statements - continued For The Year Ended 30th March 2021

17. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted Funds- Mercers Trust
HLF Lottery Fund via Council Grant
Volunteer Forum Funding
TOTAL FUNDS		 Incoming
resources
£
596,140
-
-
-
-
596,140		 Resources
Movement
expended
in funds
£
£
(647,001)
(50,861)
(17,984)
(17,984)
(2,517)
(2,517)
(6,833)
(6,833)
(27,334)
(27,334)
(674,335)
(78,195)		 Resources
Movement
expended
in funds
£
£
(647,001)
(50,861)
(17,984)
(17,984)
(2,517)
(2,517)
(6,833)
(6,833)
(27,334)
(27,334)
(674,335)
(78,195)
(27,334)
(78,195)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Restricted Funds- Mercers Trust
HLF Lottery Fund via Council Grant
Volunteer Forum Funding
TOTAL FUNDS		 At
31.3.19
£
281,275
17,984
2,517
6,833
27,334
308,609		 Net
movement
in funds
£
97,239
(17,984)
(2,517)
(6,833)
(27,334)
69,905		 At
30.3.21
£
378,514
-
-
-
-
378,514

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 1,376,241 (1,279,002) 97,239
Restricted funds
Restricted Funds- Mercers Trust - (17,984) (17,984)
HLF Lottery Fund via Council Grant - (2,517) (2,517)
Volunteer Forum Funding - (6,833) (6,833)
- (27,334) (27,334)
TOTAL FUNDS 1,376,241 (1,306,336) 69,905

Page 14

continued...

Delapre Abbey Preservation Trust

Notes to the Financial Statements - continued For The Year Ended 30th March 2021

18. CONTINGENT LIABILITIES

There were no contingent liabilities at 30th March 2021 or 30th March 2020.

19. CAPITAL COMMITMENTS

There were no capital commitments at 30th March 2021 or 30th March 2020.

20. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30th March 2021.

Page 15

Delapre Abbey Preservation Trust

Detailed Statement of Financial Activities For The Year Ended 30th March 2021

Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS
Donations and legacies
Donations
7,420
-
Grants
418,735
-
426,155
-
Other trading activities
Shop income
1,888
-
Catering contracts
129,215
-
Admissions and activities
68,046
-
Rents received
10,092
-
209,241
-
Investment income
Deposit account interest
64
-
Other income
Coronavirus job retention scheme
144,641
-
Total incoming resources
780,101
-
EXPENDITURE
Other trading activities
Purchases
482
-
Wages
-
-
Catering Costs
46,993
-
Security Management
189
-
Wedding Costs
737
-
Event costs
28,620
-
Travel
276
-
77,297
-
Charitable activities
Wages
318,108
-
Social security
12,590
-
Pensions
6,711
-
Rates and water
638
-
Interpretation Overheads
8,016
-
Facilities Overheads
9,600
-
Light & heat
43,987
-
Activity Overheads
-
-
Insurance
8,844
-
Computer expenses
16,133
-
Sundry expenses
102
-
Cleaning
4,976
-
Advertising
19,982
-
Depreciation of tangible fixed assets
77,869
-
527,556
-		 2021
Total
funds
£
7,420
418,735
426,155
1,888
129,215
68,046
10,092
209,241
64
144,641
780,101
482
-
46,993
189
737
28,620
276
77,297
318,108
12,590
6,711
638
8,016
9,600
43,987
-
8,844
16,133
102
4,976
19,982
77,869
527,556		 2020
Total
funds
£
7,350
233,315
240,665
22,575
98,883
233,908
-
355,366
109
-
596,140
18,224
3,921
14,981
495
2,321
27,713
1,928
69,583
304,382
22,595
8,258
10,351
10,781
6,054
38,500
2,204
9,693
21,998
307
6,855
23,876
74,596
540,450

This page does not form part of the statutory financial statements

Page 16

Delapre Abbey Preservation Trust

Detailed Statement of Financial Activities For The Year Ended 30th March 2021

Unrestricted
Restricted
funds
funds
£
£
Charitable activities
Other
Printing, Postage & Stationery
2,465
-
Repairs & Renewals
9,152
-
Legal and Professional fees
9,025
-
Bank charges
1,766
-
Telephone
3,240
-
25,648
-
Support costs
Governance costs
Accountancy fees
-
-
Independent examiners fees
1,500
-
1,500
-
Total resources expended
632,001
-
Net (expenditure)/income
148,100
-		 2021
Total
funds
£
2,465
9,152
9,025
1,766
3,240
25,648
-
1,500
1,500
632,001
148,100		 2020
Total
funds
£
3,354
15,597
26,429
5,358
4,319
55,057
7,795
1,450
9,245
674,335
(78,195)

This page does not form part of the statutory financial statements

Page 17