2021-08-31-accounts - The Holfords Of Westonbirt Trust

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Charity Information
Trustees' Annual Report
Independent Examiner's Report
Statement of Financial Activities		10
Summary Income and Expenditure	Account
Balance Sheet		12
Statement ofCash Flows
Notes tothe Accounts		14

orthe year ended 31August 2	021
	Notes		Current year Unrestricted	Current year Restricted	Current year Total funds	Prior Year Total funds
			funds	funds
			2021	2021 E	2021 f	2020 E
Income and endowments
from: Donations and legacies			2,656	40,200	42,856	106,747
Other trading activities			10,673		10,673	22,490
investments			46		46	1,146
Total Income			13,375	40,200	53575	130383
Expenditure on: Raising funds Charitable activities		7 8	(25,401)	{2,500) (193,108)	(2,500) (218,509)	{3,561) (255,935)
Other		9	(321)		(321)	(206)
Total Expenditure			(25,722)	(195,608)	(221,330)	(259,702)
Net gains on investments Net income/(expenditure) Transfers between funds		10 16	(12,347) 7,775	(155,408) (7,775)	(167,755)	(129,319)
Net income/(expenditure) before other gains/(losses)			(4,572)	(163,183)	(167,755)	(129,319)
Other gains and losses:						(3,396)
Net income/(expenditure) after other gains/(losses)			(4,572)	(163,183)	{167,755)	(132,715)
Reconciliation offunds:
Total funds brought forward			9,839	252,095	261,934	394,649
Net movement in funds			(4,572)	(163,183)	(167,755)	(132,715)
Total funds carried forward			5,267	88,912	94,179	261,934

Forthe year ended	31August 2021	31August 2021
			2021	2020
			E	E
Income			53,529	129,237
Interest and investment income			46	1,146
Gross income for	the year		53,575	130,383
Expenditure			(221,176)	(259,636)
Interest Payable
Depreciation and charges for Impairment offixed assets			(154)	(66)
Total expenditure	for the year		(221,330)	259,702
Net income/(expenditure) For the year		before tax	(167,755)	(129,319)
Net income/(expenditure)		for the year	(167,755)	(129,319)

t 31August 2021
Company No. 06035589		Notes	2021 E	2020f
Fixed Assets Tangible assets		12	726	266
Current Assets Debtors Cash at bank and in hand			19,318 129,430 148,748	50,229 233,488 283,717
Creditors: Amount falling due within one year Net current assets Total assets less current liabilities		14	(55,295) 93,453 94,179	(22,049) 261,668 261,934
Creditors: Amounts falling due after more than one year The total net assets ofthe charity			94,179	261,934
The total net assets ofthe charity are funded	by the funds of
the charity, as follows:
Restricted funds Restricted Revenue funds		16	88,912 88,912	252,095 252,095
Unrestricted funds Unrestricted Revenue funds (general	funds)		5,267 5,267	9,839 9,839
Reserves (Designated funds)		16
Total charity funds			94,179	261,934

orthe year ended 31August 2021
	2021	2020
		f
Cash flows from operating activities Net income/(expenditure) per Statement of Financial Activities	(167,755)	(132,715)
Adjustments for: Dividends, interest and rents from investments Depreciation of property, plant and equipment Decrease/(increase) in trade and other receivables Increase/(decrease) in trade and other payables	(46) 154 30,911 33,246	(1,146) 66 (28,824) (15,087)
Net cash provided by/(used in) operating activities	(103,490)	(177,706)
Cash flows from investing activities Dividends, interest and rents from investments Purchases of property, plant and equipment	46 (614)	1,146 (333)
Net cash from investing activities	(568)	813
Net cash from financing activities
Net increase/(decrease) in cash and cash equivalents	(104,058)	(176,893)
Cash and cash equivalents at the beginning ofthe year	233,488	410,381
Cash and cash equivalents at the end of the year	129,430	233,488
Components ofcash and cash equivalents Cash and bank balances	129,430	233,488
	129,430	233,488

Fund accounting Unrestricted funds			These are available for use at the discretion ofthe trustees	These are available for use at the discretion ofthe trustees
			in furtherance ofthe general objects ofthe charity.
Designated funds			These are unrestricted funds earmarked by the trustees for
			particular purposes.
Revaluation funds			These are unrestricted funds which include a revaluation reserve representing the restatement ofinvestment assets
			at their market vaiues,
Restricted funds			These are available for use subject to restrictions imposed
			by the donor or through terms ofan appeal.
Income Recognition of income			Income is included in the Statement of Financial Activities {SoFA)when the charity becomes entitled to, and virtually certain to receive, the income and the amount ofthe
			income can be measured with sufficient reliability.
Income with related expenditure			Where income has related expenditure the income and related expenditure is reported gross in the SoFA.
Donations and legacies Tax reclaims on donations	and	gifts	Voluntary income received by way ofgrants, donations and gifts is included in the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Income from tax reclaims is included in the SoFA at the same time as the gift/donation to which it relates.
Donated services and facilities			These are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity	is
			reasonably quantifiable, measurable and material.
Volunteer help			The value of any volunteer help received is not included	in
			the accounts.
Investment income			This is included in the accounts when receivable.
Gains/(losses) on revaluation fixed assets		of	This includes any gain or loss resulting from revaluing investments to market value at the end ofthe year.
Gains/(losses) on investment			This includes any gain or loss on the sale ofinvestments.
assets

. Statement of Financial	Activities —prior year
		Unrestricted	Restricted	Total funds
		fUncls	funds
		2020	2020	2020
Income and endowments Donations and Legacies Other trading activities Investments Total Income	from:	1,747 22,490 1,146 25,383	105,000 105,000	106,747 22,490 1,146 130,838
Expenditure on: Raising funds Charitable activities Other Tota Iexpenditure		2,411 10,969 140 13,520	1,150 244,966 66 246,182	3,561 255,935 206 259,702
Net income for the year		11,863	{141,182)	{129,319)
Net income before other	gains/(losses)	11,863	(141,182)	(129,319)
Other gains and losses:		(3,396)		(3,396)
Net movement in funds		8,467	(141,182)	{132,715)
Reconciliation offunds Total funds brought forward Total funds carried forward		1,372 9,839	393,277 252,095	394,649 261,934

Income from donations	and l	egacies
			Unrestricted	Restricted	Total funds	Total funds
			funds	funds
			2021	2021	2021	2020
Donations			2,656		2,656	1,747
Historic House Foundation				10„000	10,000
Honourable Company of Gloucestershire Charitable	Trust			1,000	1,000
National Heritage Lottery Fund PF Charitable Trust Stanley Smith (UK) Horticultural Total Donations and Legacies		Trust	2,656	20,200 5,000 4,000 40,200	20,200 5,000 4,000 42,856	90,000 15,000 106,747

. Income from	oth	er trading	activities
					Unrestricted	Total funds	Total funds
					funds
					2021 f	2021 f	2020 f
Visits to the house Hire ofgardens		and gardens			673 10,000	673 10,000	2,490 20,000
Total					10,673	10,673	22,490
. Income from	investments
					Unrestricted	Total funds	Total funds
					funds
					2021 f	2021 f	2020 f
Bank interest receivable					46	46	1,146
Total					46		1,146
7. Expenditure	on	raising funds
				Unrestricted	Restricted	Total funds	Total funds
				funds	funds
				2021	2021 f	2021 f	2020 f
Costs ofgenerating Donations		voluntary	income		2,500	2,500	3,561
Total					2,500	2,500	3,561

. Expenditure on charitable	ctivities
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2021	2021 E	2021	2020 f
Expenditure on charitable activities Conservation, education and research Support costs —landscaping and planting Support costs —administrative overheads		11,479 9,692 625	191,036 1,356 716	202,515 11,048 1,341	215,340 30,656 4,834
Governance costs Audit and accountancy fees		3,605		3,605	5,105
Total		25,401	193,108	218,509	255,935
9. Other expenditure
			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021	2020
			E	f	E
Amortisation, depreciation, impairment, on disposal offixed assets General administrative costs		profit/loss	154 167	154 167	66 140
			321	321	206
Total
10.Net income/(expenditure)	before transfers
				2021	2020
					E
This is stated after charging: Depreciation of owned fixed	assets		(167,755)		(129,319}

2.Tangible fixed assets
	Heritage	Fixtures,		Total
	assets	fittings and
		equipment
			f
Cost or revaluation At 1September 2020 At 31August 2021	6,797 6,797	48,376 48,990		55,173 55,787
Depreciation and impairment At 1September 2020 At 31August 2021	6,797 6,797	48 110 48,264		54907 55,061
Net book values			726	?26
At 31August 2021			266	266
At 31August 2020
13.Debtors
		2021		2020
		400		25,474
Trade debtors VAT recoverable Prepayments and accrued income		8,603 10,315 19,318		23,830 925 50,229
14.Creditors
Amounts falling due within one year
		2021 E		2020f
Trade creditors Other creditors Accruals and deferred income		46,732 2,876 5,687 55,295		15,673 2,876 3,500 22,049
15.Creditors
Amounts falling due after more than one year
		2021		2020
				E

6.Movement in funds
		Incoming
		resources
	At 1	(including	Resources	Transfers	At 31
	September 2020	other gains/losses)	expended		August 2021
		E
Restricted funds:
Restricted income funds: Other Wishford Schools Lake Heritage Lottery Fund Pilgrim Trust PF Charitable Trust Historic House Foundation	51,830 144,224 3,150 37,891 15,000	20,200 5,000 10,000	(44,055) (57,312) (3,150) (56,091) (15,000) (5,000) (10,000)	(7,775)	86,912 2,000
Honourable Company of
Gloucestershire Charitable
Trust		1,000	(1,000)
Stanley Smith (UK) Horticultural Trust Total	252,095	4,000 40,200	(4,000) (195,608)	(7,775)	88,912
Unrestricted funds: General funds	9,839	13,375	(25,722)	7,775	5,267
Revaluation Reserves:
Ttlfunds	261,934	53,575	(221,330)		94,179

Unrestricted	Restricted	Total
Funds	Funds
f	f
11,618	82,561	94,179
11,618	82,561	94,179