REGISTERED COMPANY NUMBER,. 04641883Fngland and Wale81 REGISTERED CHARITY NUMBER'.1127071 UDI EDF NCI AT ME EN 00 BUI RE Mccabe Ford Williarns Chartered AG(x)vnlants Bank Chambers 1 Cèntral Avenue SittingLx)urne Kent ME104AE
EFIN CIAL STATE DED3 FOR THE YEA Page Report of the Truste8S Independent Examlner's Report Statement of FIn¢1 Actlvllles Balance Sheet 9 to 10 Notes to the Flnanclal Statements 11 10 20
EG ED BER: TR The trustees are also directors ol the charily for the purrrf)ses the Companle8 Act 2tX)6, present thr teport with th8 financial s1aleTrnts ol the charity lor the year wded 31 March 2021. The Iruslees have adopted Ihe provisions ol Acc(wnling and Reporiing by Chafities.. Slalemenl ol Recommenikd Prdctice applicable lo charitS preparing their accounts in Crdance wlh the Financial Reporting Standard aPpEab In the UK and Republic of Ireland IFRS 1021 leffeGlive1 January 20191. OBJECTIVES AND ACTIVITIES Objacllves and alms Sevemdroog Caslle BUdIng Preservalion Tnjsl ISCBPTI is a company limited by guarw7lee and a registered charity. The ol'ects oil the charity are to promote the education of public by pteserving frK the beTfil ol the wple ol the London &)iough ol Grewwich and L nation this htOrial, archileclural and constructional heritage of Ihe building known as s9vemdr)g Castle, a gr*e 2 lisled buildirrfJ. In settitvJ otyedi¥e8 and plning activities, the Tnjstees have gfven due rnsleratIOn of the ChaFily CommissHJ) published guidan on the okEration ol Publlc Benefit requirem]1. Ovwview of AcllvllSes Financiaty, the Twsl {&s 8 smal ntage charity) h88 Wea{hed the Covid-19 P8ndeNKc bètter than had been anliclpaled given lack of vlsitor fOoff1 for the entire financial year. The Trust has, in f1, achiewj a small surplus ol income over expeNlilure. Whist the Castk was physically ckjsed. the Trust has sought to engage wlh the mmunily in drfferenl ways- in p8¢1icular by onkne comlnunity activit$, The tea-room, operat&l under license by independent company Terra Catering, remained open for most ol th8 year, arKt has teen a beacon of normality in olheNi8e uncertain period. Revlew of Actlvltieg Vlsllors.. the Tst usually OFens the main r(J)ms and vie4ring platform Ici m8thrs of the wbliG each Sunday throughout mosl ol the year. This year, the main looms view(ng plaifoJrn remain ¢knsed as lam(x)gst 01kr mallers) slle and configuralK)n ol the ro(m$ made il d5fficull lo otEn in a Covid secure manner. The Castle did manage lo hokl several Covid secure eddings/eyents wher¢ cjr¢um$lanS pomiilled in order lo fu111 prior conlractual oIAig81ions. The Twsl participated in the London online oFen House 2020 ekend and steps we taken lo investigate the live slre8min9 of the wewfrom the vieww plaifoirn. The lea room.. Ihe tea room continued lo opeIe the most of the year ging public ac¢e8S to the ground floor and oUtse courtyard. The concession lo Terra Catering W>ed guaranleed rnonlhly income forlhe TNSI. Events and activities.. the Trust lgInalty planned a convenlional festival around Castle in June 2020, whh was supported by CAF, When this was cancd1 due to Covid 19 this was reshaped to an online version, "SeVerndro(j Fes12020', thlch ran online only from 29 August lo 5 September. This was a lebratIon of the Caslie aThJ its communily through online rfOrnans and actNiities. The leslival rdn lo some 62 events, including nwsical events, hisloriGal lalks, uaft activits, y(yJa ¥K)rksWs, and the rernInBnC8 prcled. These can still LE found online. Thete was an online appEaran of Father chr111188 al the Castle. Page1
S7LE BU LD Trus us EES OBJECTIVES ANDACTivrriES Revlew of Aclivilles Finances.. whilst more lully describd in finanaal review, the Tnjsl were able lo lake advall1e of fudough and fle¥Jb furbugh (from bknvember 20201 for staff members. and the Castle al80 beneht(ed from the Herilage Lottery and Royal Borough of Greenwch Cowd-19 rc¢overy schewES. Fundra15iro obiectives TAEre ieMew& and the cast benefited from the airing of short Ix on BBC LryKlon Tonight in February 221 which prompted allurry ol donation h>come. Hlstorlcal context of the &isll&', The Trust look inilid stsps lo deal wth ils hr61oriGal links to the East India Company th a wong party tharged lo rep)rt on this issue. Volunteers.. there was 0Y Ighl vdunleer acllvity during the year Iwilh the Castle to publicl. Volunteers assisled in the online leslival (for Instan ddiverit¥J clay lorlhe ciaft work$hopsl and deaning activikn. Tn28tees'. n))sl meetings were 8cessfUllY held online. An open exercise was comrrEnced to recruit a number of new Iruslees. Advertisements were yaced in the Comrnunily and on vonIe&r$, siles, which achiewed a pleasingly slror¥J response. Whilst the exercise was not finished by the year erKJ, by May 2021, 5 new mernbe and Trustees had been appointed with wide and dwet5e bkgr(Ind$. Fabrlc., the TNslees, as ah¥ays, continued lo monitor maintan the fabriG ol the Cast. Vanor repair works lo Castle's fabric look a. Long terffls maintenatKe plans were reMeed. Plans for th8 fulur8'. havtng managed lo weatr the CovKI.19 F&)d1C so far. the Truslees maIn commiited ki pl&ing the Castle on suslanable financial fooling whilst ensuring Ihat il MaInS an allra¢tion for local people lo enjoy. Such an approach wll enabb il lo meet its charilaNe ObltIVeS and faIn an asset which the bcal cotnmunlfy can enioy. A rewsed bu slness strategy is being coincluded, ACHIEVEMENT AND PERFWNCE PLANS FOR THE FUTURE The TNstees objcrlNe is lo pl the Casue on a suslainaile financid fiK)ling whilst ensuring Ihal il remains an attraction lor k)cal b loY. Such an approach will eTrab il to remaln a Iwal comrnunily a&8el for many years lo come Page 2
EB TER ER,. FINANCIAL REVIEW na)¢ld F)sltlon For the financial year ended 31 March 2(r21, Ire have been altrK)sl no actiiilies al the Castle other than the café a1 some dIrj5. Despite this and thanks lo the GovemftEnl's furk)ugh scheme, generous donations. grants arKI responsi)le control ol exp8n(lilure Ihe Trust has generated a surplus on the general &counl and ends the year wlh a reasonable level of resetV8s. The question that Imslees have grappled wih all year remains. beiw how a susiainable business mcKlel can be built A further posllive is that have deter1 that the Ca511e runnirKJ ¢ts excluding staff salaries are £25,( per aTrnum. The challenge for 21122 and beyo1 is how expenditure can be matched to InMe lo ¢reale a sUsts1n8b business model and lthOU1 unreali81i¢ assumplion8 of the value of hire in(x)me, In(L>me for the year end 31 March 2021 arnLiunted lo £91,1731202O,' £80,514), and expenditure amounted lo £67,263 12020,, £114,335). The charitable adivilies in Ihe year we detailed in note 5. As a resull of the above m0Vew, a surplus of £23,91012020'. defKil of £33,821) was rep)rted lor the year. Funds carried fomrd lola1 £57,453 12020.. £33,541. ol which £19,301 12020.. £18,1361 are Rslri(led funds and £38,152 12020.. £15,40n &e unreslricl8d lunds. Reserves pollcy Resetves are quir&I lo cover the 3 month inter wod when the buildlng i8 dosed atvj a further amount io alk)w for fluctualn$ in both VrtOr and gvenl Inmme. TIE Iwstees Consid the latter lo be the major sh(rt lem) risk lo the Trust and nce a further mnths income should be he against sh a possitxlity. In lolal a resetve of £37.5(x) is considered reasonable. Given the currenlfree resetves of £38,152, the Ghanty currenlty meeting this 1¢y. Golno concern After fflaking appropriate enquiries, the Trustees have a SOnable expeGtalion thal the ¢xmpany has adequate resources lo continue in operational exislen¢e for the foreseeable future. For this reason they continue lo adopt the going concern basis in prepari the finan(aal state[nts. Further detaib regarding the ado.[1 of the golng cOnM basis can be found in the AÉxounltiig Ptslirks Al the lime of swJning Ihe acLounts the TNslees are awdre ol the potential ecc4)omic and social effects of the Covid-19 rus outbreak. The lull imp8d ol the pandem on the UK Konomy is yet lo seen, bul the Larity wlll continue lo seek lo [nilale this risk by lollowlng the UK Govemmenfs guidelines, adaplingldevdoping its own inlem81 strategy, and ulilising the UK Govemmenls financkql support sch8mes, includ1 the Coronaviru8 Job Relent Scherne, Wre availab. MATERIAL INvESTs POLICY Inve8tmenl actIvieS are managed in line wlh the requirements Df the Ttuslee Ad 2CK)O, The Trustees, havi regard lo the liquidity requirements of operating the charily to the reseNes pdicy, will 0rat9 a poficy of keeping availaNe funds in inleresl bearing deposit arL(xJnts. STRUCTURE, GOVERNANCE AND MANAGEVENT Governlng docurn811t The chaiily is (x)ntrolled by its wvemlng document. 8 deed of trust, a1 conslilutes a limiled company, lImed by guarantee, as defined by the Companies Act 20(. P8ge 3
CG CAS TRUST REPORT T DED 31 IRc STRUCTURE, GOVERNANCE AND MANAGEMENT Charlly conslilulion The cornpany is limited by guarantee and is registered in EngLand arnl Wales (Company Registration Number 046418831, and is a registered charily, nurnber 1127071. The charitys govemirrfJ dwurnenl is a Memorandum ol AssorAaUon dated 3 November 2(K)2. and subsequen15y amended on 18 June 2008, nder whh the charily consilluled. Recrullment and appointment ol new Iru8teeg The management of the (A)rrwny is the In$1b1I1tY of the Twslees who are elecfed and cmpled under the lerffls of the Art$ olAssc¢ialion. The goveming dUment prescribes tha there shall be a minimum of three Iruslees and a maximum of 1Ve, Al every other Annu81 General Meeting of the rnernb. one third of the INslees shall retire from office, being tse with the long1 s£Y¢e. The relwing Iruslees shall be eligib lor releclion, except if they have failed without g(Kxl reason lo attend 25% or rnore ol the truslee rneelit¥J5 over the period ol their apw'ntmenl. They shal be entitled lo sland for election al a Subsequent Annual General M8eling. In selecling Iruslees, the charity musl have regard tci the skills, knowledge and experien ne&led lor the dfective admKIFslration of chariiy. Organlsatlonal slTuclure and D8cl8loD maklng TIE )rd is organi8ed so that the Trustees meet regulady lo shape and monitor the work ol Sevemdrw Castle Building Preservation Trust. Any th Trustees may instruct the Secretary al any lime to call a meelng. Decisions are made by a simple fflaiorily d v(ts5 cast al a meellng. In Ihe case of an eqL4aity of votes, the PEfson tho chalrs the nEeling shall have a Sbyond (K aStIng vole. No decision shall be taken al a meeting unless a quwm is present. A quorum is fourlru8lees. Inducllon and tranlng of new Iiuslees The charity makes avaIlale to e8ch newTrusl on orbefote his or rfErst appoinlmenl.. a} A copy of the curr1 version ol th8 Artrcles of Assock?lion.' and b} A pY of the charills latest Twslees, annual rept* and statement ol ac¢ouTrts Training is made available to Trustees, when required. Rlsk management The Irustees have a duly ID Idtify and rewew the ri8ks k) which the charity is exposed and to ensure appropriats, The Trustees have assess the major risks lo which the Charity is exposed. those related lo opentions an finan of the company and are Satisfi that syslelns and prwedures are in plaTr lo rnitigale ow exposufft io Ihe major riskg. The key risks lacing Ihe charity relate lo the FX)lenlial k)ss ol incorne due lo the coronavirus paNlemic and buildiThJ a suff8n1 revenue base lo meet ccKe cost controls are in place to provide reasoTrable assurance agnst1raud and error. REFERENCE AND ADMINISTPATIVE DETAILS Reglslered G)mpany numbeT 04641883 (England and Wales) Isler&J Charlly number 1127071 Page 4
ERN RE ED RT RoJlstered offlce Sevemdroog Caslle Shooters Hill London SE18 3RT TTuslees Dr Z T Beaven lappoinled 215.201 (resigned 6.12,201 Mrsm T N M Emerson lappoinled 19.5.201 SJMann H J Robins lappoinleA 27.1.21} J A Gcode lapwinled 14.5.211 R A R Hasel lappoint 14.5.211 Mrs E Sweeney laptK)inled14.5.211 Mrs K E Winsal lappoinled14.5.211 A 8ullivanl Ireslgll 25.7.201 S G Crow (resigned X1.6.201 P T Denny Iresigned 28.6.201 R Haye5 Irestgned 6.12.201 A P Hayes Is1ged 29,10,201 K K Schul {resigned 8.1.211 P Townrow IresIgn 31.7.201 Company retsry N M Emwson lThdependw¢l Examlner Mccabe Ford Wiliarr Chartered Accountants Bk Chambers 1 Central Amue sittitKJboume Kent ME104AE TRUSTEE9 RESPONSIBILITY STATEMENT The Iruslees I0 are also the directors ol SeverrKlroog Caslle P[19 Psallor Ttusl for the purFM)se$ of company lawl are responsible for weparing the Fieport ol Ihe Trust$ and the linanoal slalements in rdanc8 Tmlh appliG3ble law and United Kingdorn AoUntIng Standards Iuniied Kingdom GenerallyApled Accounting PTaGli(Èl. Company18w r6x]ulN lh8 Iru5tees lo prepare financial slalennts for Èach finaneial year whlch give a tsue and fair view of the stale ol affairs the charitsbte c(Ynpany and of the incoming resources and application of resou8, includiro the Inn* and experKiilure, ol the charitable crAnpany for that peri(Kl. In preparing se financial stateEnts, Ihe Iruslee$ are required to select suilable acc(yJnling wjltcies at then apply them consislenly,. observe Ihe rth(S and principles in the Charity SORP., makelgemen1$ and eslimales that are reasonable and wudenl., prepare the financial slalements on the goi concem basis unless it is inappropriate lo presume that the Gharita)le company 11 continue in busiiess. Page 5
G CASTLEB LD GP 641883 TRUST RUST FO &4R TRUSTEES, RESPONSIBILITY STATEMENT- contlnueAJ The Iruslees are respOnsle for keeping propw accounting Tecords whiGh di8close th reasonable accuracy al any litne the financial PDsIIiDn ol the charitable company and lo enable them lo ensure that the financial slalefflenls CCmFIy with the Companies Act 2006. They are also responsble I safeguarding the assets d the Charitab company and hen for tsking asonable steps forlhe wevenlion and detecti of fraud and olherirregularities. This ¥etN)rt has been prepar In a(Lordan(E wth the $ckl provisions ol Part 15 of the Companies Act 2006 relating lo small companies. li Ar¢)roved by order of the board of INslees on ..,,. ........, .,...... ............. ...... and signed on its tsehall by.. TnJ8ke Page 6
ENT MIN TO GPR STEES VA SE EBU RUS Independent exanlnerfs report to the Irustees of S8verndroog Castl8 Bulldlng Preservatlon Twsl Cthe Company'l I report to the charity tntslees on my eThnirtralion oflhe accounts ofthe Company for the year &ed 31 March 2021. Regponslbllllles and basls of report As the charltls liustees of Ihe Company larKI also its direct(Ks lor the wrposes ol company lawl you are responsible for the preparalK)n of the accounts in ac¢orcSatKe vmlh Ihe requireftEnls ol the Companies ALI 20061'the 20C6 Acl'l. Having satisfied myself that the a¢Lounls tsf the Company are not required lo be audited under Part 16 01 Ihe 2006 Acl aNt are eligible lor inikpendenl examination, I rert in respecl of ry examination of your charills accounts as c8tTied out under s&lion 145 01 the Charalies Act 20111'lhe 2011 Acfl. In Carrying (xjl my examination I have fdbwed the reclions given bylhe Charity CommissiC under seLtion 145151 Ibl of the 2011 Act. Independenl exarnlner's slalemenl I have completed my examinaln. l ¢xnfimi that no matters have ¢Thne lo my allenlKJn in coDneclion Vhth the examinallon giving me cause lo lieve.. accounting rec(Yds were not kept in res[ of the Companyas requir( by 8eLlion 386 01 the 2CQ6 Acl,, or the aG¢ounb do not accord wlh those records,, or the accounts do nL Gomply wilh the untIng requIrentS ol section 396 of the 20(E Acl dher than any reqktiremenl that the aLxx)unts give a Iwe and fair vtew vthich is not a matter nsIdered as part ol an indeperKlent examination,. or the a0Unts have ncl In epar in accordan wth the methods and principlgs of the statenI of Recommended Practi for alxgunling and reporting by charittes latv11cab lo charilEs preparing Iheir accounts in ac£ordan wlh the Financkql Reportin9 Standard applKabl& in the UK and RepU1C of Ireland IFRS 10211 I have no CCem$ and have come across no other mallers in connectDn %wlh the examination lo whiL attention shoukl draw) in thi% report in order loenable a PrOr underslarKling oflhe accounts lo be rethed. CLqir Rayner FCA DChA Cabe Ford Williarns Chartered AccoUntts Balk Chambers 1 Central Aw)ue sittingurne Kent ME104AE Dale.. 1.Fl.1,212.Q2.1.....,........ Pa7
TRUST NT GAN R THEY F FINANCIAL A C(]MEAND NDED3 Tl TIE C¢3RP 31.3.21 Total funds 31.3.20 Total funds Unreslwt fvnd RestNcted funds Notes INCCWE AND ENDOWMENTS FROM DonalDns &fjd kgaaes 36,628 39,679 76,307 22,511 Charllable &tlvllles wl10rS incc¢Me 961 961 28,354 Other Irthing aGtivtltes 13.905 13,905 29,649 Tolal 51,494 39,679 91,173 80,514 EXPENDrruRE C Chwltable acllvllles PreseNalK)n of Seveffldrthjg Castle 40,514 26,749 67,263 114,335 NET INCOMEIIEXPENDITUREI 10,980 12,930 23,910 133,8211 RECONCILIATICW OF FUNDS Total funds broughl forward 15,407 18.1 33,543 67,364 TOTAL FUNDS CARRIED FORWARD 26,387 31,066 57,453 33.543 The notes form part of these finanGial slalements Pag8 8
DR RE TERED 188 31.3.21 Total funds 31.3.20 Tolal funds Unre8tiicted fund Reslricled funits tes CURRENT ASSETS Debtors Cash al bank and in hand 1,350 48,115 1,35D 67,418 7.212 49,154 19,301 49,465 19,301 68.766 56,366 CREDITORS Amounts falling due thin (me year 12 111,3131 111,3131 122,8231 NET CURRENT ASSETS 38,152 19,301 57,453 33,543 TOTAL ASSETS LESS CURRENT LIABILITES 38,152 19,301 57,453 33,&13 NET ASSETS 38,152 19,301 57,453 33,543 FUNDS Unrestited funds ReStted funds 13 38,152 19,301 15,407 18,136 TOTAL FUK)S 57,453 33,543 The chalilae Lx¥npany i8 enlilled to exemption from audit under Section 477 of the Companies Act 2006 for the year end1 31 March 2021. TIE members have not requir the company to obtain an a111 of its finala1 statements for the year ended 31 March 2021 in accordance with Se¢lion 476 of the cPanieS Att 2006. The Irusk8s &knovledge their restnnsibilities for lal ensuring that Ihe charit8ble company keeps accounting records that coMY th Sections 386 and 387 ol the Companies Act 2(f)6 and Ibl prepaiirKJ fina[la1 siatemenls whith give a true lair vw of Ihe slal8 of affpirs of the ¢harita>le company as at the 6t ol each fnanGkql year and ol its surplus or defLil for each fittanci81 year in accordan with the requirements of Sections 1 and 395 aThJ whh otherwise comply wlh the requirements ol the Comp8nies Act 2006 relal¥)g lo financial slatenEnls, sofar as apkable lo the ch8ri1able cLYnpany. The notes form part of these financial statements Page 9 continued.,.
ND RE OOG TLE BUIL NG PRESERVA RE etsLAFICE.SHEET. QODl*nuol These financial slalements have been prepared in arLordance the wtsvlsions applicabk lo Charitable o)mpanies sul-ecl lo the small companres regime. The ial slalements were approved by the Board ol Trustees and autrorised for sue on and re 8Jn on its behalf by., tes form part of these financial Slalemenls Page10
No STAT HE ACCOUNTING PCLICIES Basls of preparing Iheflnanclal slal8menls The financial stslemenls ol the charita)le company, which is a publk nefit enllly under FRS 102, have been yepared in accordan with the Chariles SORP (FRS 1021 Accounting and RepDrting by CharitEs,' Stslemenl (A Recotnwnded PraGiie appIable lo Charities preparing thr accounts in aLxoFdance wlh the Financial Reporting Stsndwd applicable in the UK arnl Republic ol Ireland IFRS 1021 leffective 1 January 2019}', Financial Rertg Slandard 102 'The Financial Reporting Standard apNicable in the UK and RepU1C ol Irdand, and ihe Cornpanies Act 2006, The flnancial 51alements have been wepared under the historal cost convention. Company status The charilaNe company is a company limited by guarantee, whh is registered in England and Wale8, with the company numkr 04641883. The companls regisl6Ted offre is Sevemdrory Caslk, Shcolers Hill, London, SE18 3RT. The tnetnbers of the MpanY are TNstees natn& on page 1. In the event of th& mrpany being wound up, the liability in resrkct ol Ihe guaraniee is limild lo £1 per member of the c(xnpany. Incom9 All income is recognised in the Slalemenl ol Finanal Ad1vil8 the ch8rily has entiuernenl to Ihe income. il 18 probabk that the Income will be reNed and the amount can be measuted relkAbty. Voluntary in(xime r1Vable by any way of donallons Is induded In full in the statement of finan¢lal adiv¢tie8 when teceiwable. Grants a cr&liled lothe stalernenlof financial adimlies when r11 or receivable which8ver Is earfw. LkJveTnment grants Government grants are recognised when Ihe performance related coNlilions ifflposed upoTr the receipt cl the granl have been mel. Where these a have Th)1 LEen satisfied, these grtS a recognised as liabilities. If grtS are not conditional on lulure rforman relaled conditions, then income is recogni88d then the grant pr(rS are r]Vable During the year Ihe d)arily recetved the following revenue based grants. Coronavirus Job Relentn Scherne ICJRSI lo cover a wtion c>1 the employees wages who were fudoughed dl lo the c(vonawrus pandem. The amount reLEN&I totaled £19,750 aThJ has been indud& in donations atKI legac. Additnal Restrictions Suptnrt Grant Fund IARSGFI lo supp(xt businesses with their business costs during the ¢tyonavirus p8ndemic.The am01 recelved tolalled £16,578 and has been inGluded in donalions and IaCleS. Expendlluré Liabilities we recogni$ed as expendilure a5 soon as there is a legal or constructive tsbligali)n commilting the charity lo that expendilure, il 1$ probab that a Iransfrr of econ benefits wai be Uired in settlement and the amount ol the obligation Gan be measur&1 reliably. EXpd[lure is accounted for on an a¢maLs basis and has teets Classified under headings that ajgregale all cost rdaled to the category. Where cosls canncl be di[vY allllbuted lo particular headings Ihey have been allocated lo activities on a basis consislenl wlh the use of re50ur¢es. Dabtors Trade and ottrdeblors are recogntsed allhe selllemnl amount afterany Irade discount offered. Page11 continued...
G PRESE VAT ON OT ACCOUKnNG POLICIES- contlnu Credltors Creditors and provisions are rewnSsed where t1 charitable company has a present obllg81ion resuming Imm a past event that will probably result ir¢ the transfer of funds lo a Ihild party and the amount due to Sett the oballOn can be measured or estimat reliably. &edilors and proM&ons are rMallY recognised at their seilemenl amnI after albwing lor anylrade discounts ijue. Taxation The charily is exemplfrom (xJrrx)ralk)n lax on its charitable aclivilie8. Fund accounllng unrestrict funds can be used in accordance wrth the charitable obFctsv&s allhe discretion of the Iruslees. Restricted funds can tsnly used pavlilar reStted purposes within the objecls ol the chartty. ReStrtK)r arise when specified by the thn(xor when funds raised lorpartu1ar reglricl&J purposes. Further explanalion of the nature and purwse of eath fund is included in the not8s lo the Inancial statements. P8nslon costs other posl-retlr8menl bendts The charitable company operates a delined cOntrili(n Fension scheme. Crmlribjtions payable to the charitable c(Nrpany's pSlon scheme are charged lo the Statement of Financk?I AGINities In the period lo wh they relate. Golng con¢er Al the lirne of swdning the a¢c(wnts the Trustees are aware of the rotenllal economk and social effects fo I Covid-19 virus outbreak, The lull ifflpact ol the paleIC on the UK economy is yel to be seen blrt the charity wiu ccx)linue lo lo milte Ihls risk by followti)g the UK Govemmenl's guidellnes adaptIndevelQplng 119 own internal StratY. DONATIONSAND LEGACIES 31.3.21 31.3,20 Donalkms Grants 20,050 56,257 924 21,587 76,307 22,511 Page12 conlinued...
SEV TE TO EME DNATION8AND LEGACIES- Conllnued Grants received, inGlud&l in the above, are as folk)ws.' 31.3.21 31.3,20 snng for the lulure Greenwich Neh1x)urt]Qod OeVelopnI Grant CJRS scheme Heritage Lottery Fund Grant D Oyly Carte EOYMent 8lowanc6 Other grants 12,587 9,000 19,7 13.717 2,712 16,578 56,257 21,587 OTHER TRADING AcllviTIES 31.3.21 31.3.20 Castle hire SeN¢e oh8rge 5,055 19,899 9,750 13,905 29,649 INCOME FROM CHARITABLE ACTIVlnES 31.3.21 31.3.20 Activly Visitors inn Visitor income 961 28.4 ¢TrIARrrABLE ACTIVITIES COSTS Support costs Iseg nolo 61 Costs Totals Preservation ol Sevemdroog Castle 33,633 33,6 67,263 Page13 Ixnlinued,.,
us LST nu EY 31 SUPPORT COSTS M&)agemenl Totals PreseNatn ol Severndroog Caslle 30,859 2,771 33,630 Support CO8ts, included in the above, are as follows,. Management 31,3.21 PreseNalion 31.3.20 Sevemdroog Castle Tota adivilies Prefflises expEnses Insuran Calering and events Office costs Advertising sdrs Equipment, repalrs and rentsls Bal (kbls Travel and subsistee 15,618 6,939 1,750 1,777 4,378 397 22,450 7,236 7,174 2,103 1,242 1,602 530 775 30,859 44,612 Governanc&cosls 31.3.21 Preservalnn 31.3.20 Sevemdr(xJg Total activit8 A¢cwnlancyfee8 PrdessDnal fee8 2,573 4,195 2,771 4,393 Page14 coTrlinu8d...
RN SE TH FINANC ATEMENTS. NET INComXPENDlTuREl Nel Incoff1(expend1lvr01 is Stat afterChargIn1Credrtingl'. 31,3,21 31.3.20 Independent examinerfs remuneralK)n 1,296 TRUSTEES, REMUNERAThJN AND BENEFITS There were no Iruslees, remunerati( or c4heT benellts for the year ended 31 March 2021 nor for the year erKled 31 March 2020. Trust, 8xp8nses There were no trustees, eyyenses paid for the year ended 31 March 2021 nor Ihe year eed 31 March 2020. STAFF COSTS 31.3.21 31.3.20 Wages and salars Social securilycosls ch Fension u)sls 31,219 2,712 827 41,393 4,183 1,400 34,758 46,976 The average monlhly nurnbeiof emoYeeS during the year was 88 follows.. 31.3.21 31.3.20 Enwloyees No emfv reGVed ¥emuneralk)n lotsllirKJ more than £60,(1 during either year. Page15 continu*...
£EV RO OTHEFIN TEMENT 21 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIWTIES Unfestricted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacEs 924 21.587 22,511 Charllable acllvll Visitors in(x)tr 28,354 28,354 Othertrading adivitie5 29,649 29,649 Total 58,927 21,587 80,514 EXPENDITURE ON Charllab16 actlvllles Preservation ol Severndroog Cast 90,910 23,425 114,335 NET INCCWEIIEXPENDITUREI 131,9831 11,8381 133,821 } RECONCILiATICW OF FUNDS Total funds brought forward 47,390 19.974 67,364 TOTAL FUNDS CAthED FORWARD 15,407 18,136 33.543 11, DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.21 31.3,20 Trade debtors 7,212 Page16 ¢onlyiued...
DROO on 12. CREDITORS,. AMCIJNTS FALLING WE WITHIN ONEYEAR 31.3.21 31.3.20 Trad8 credlors Oiher credltr Acctuals and deferred income 450 148 10,715 9,921 277 12,625 11,313 22,823 13. MOVEMENT IN FUNDS Nel movgmenl in lurKIs Al 31.3.21 At1.4.20 Unrèslrlcled funds General fu1 15,407 22,745 38,152 Restrkled funds Greenwch Nelghlx>urhcK%I DelOpment Grant Secuting the Future Grant D, Y Carte Charilabb Trust 3,972 14,164 I3.4) 1,125 3,5(K) 512 15,289 3,0 18.136 1,165 19,301 TOTAL FUNDS 33,543 23.91D 57,453 Nel mtsvetnenl In funds, included in Ihe above are as folbws.. Incoml resources Resour expended Movement in lurKIs Unreslrlct&l funds General fund 51,494 128,7491 22,745 Rèstrlcted funds Greenwch Neighbourhood DevekJpm8nl Grant Securing the Future Grant H&ilage Lottery Fund D, C&le CharitaÈ4e TNSI CJRS 13,4601 1,125 113,7171 13,46CII fj,125 13,717 3,5 22,462 3,500 122,4621 39,679 138,5141 1,165 TOTAL FUNDS 91,173 167.2631 ,910 Page17 conlinL...
STAT 11 MOVEMENT IN FUNDS- Contlnued Comparatlves for movemenl In funds el movement in funds Al1.4,19 31.3.20 Unr8s1rlctoJ funds Genera fund 47,390 131,9831 15,407 Restrlcled funds ResloralY)n aNI Devebpmenl Grant Greenwich NeighbourlK)od Develot*nent Grant SUllng th& Future Grant 1,915 11,9151 3,972 13.895) 3,972 14,164 18,059 19,974 11,8381 18,136 TOTAL FUNDS 67,364 133,8211 33,543 Comparative nel movement in funds, induded in the above are as follows,, Incoming resou8 Resources expended M(wemenl in funds Unrestrfcled funds General fund 58,927 190,9101 131.9831 R8slrlcled funds Resloralk)n and Devekjpmenl Grant Grech Ne19hboUrtKd Development Grant Securing the Future Grant 11,9151 11,9151 15,0281 116,4821 3,972 13,8951 2f,587 123,4251 11,8381 TOTAL FUNDS 80,514 1114,3351 133.8211 Page18 contin...
SE THE FI NC TATEM TS- nued 13. MOVEMENT IN FUNDS-conllnued A oJrreRI year12 and Fxior y&ar12 monlh8 (x>rt)ined position i8 8$ follows.. Net tTh)vernenl funds Al 31.3.21 At1,4,19 Uniegtrlcl&J funds Genera fund 47,390 {9,2381 38,152 Restrlcl funds Restoralh)n and Development Grant Greenwich NeighLK)urhood Development Grant Securing t1 Fulure Grant D, Oyly Carte Charitable Trust 1,915 11,9151 512 12,7701 512 15.289 18,059 19,974 16731 19,301 TOTAL FUNDS 67,364 19,9111 57,453 A current year12 mont1 and Ntor year 12 months combined net movement in funds, induded in the aiMJve are as foilows: InCnIng reSourS Res(xJrces exwded MDvem8nl in fvnds unre5lr1cl funds Generdl fund 110,421 1119,659} 19,2381 Reslrlcled funds Resloralion and DeveknwnI Grant Greenwch NeighLK)urhood Developnenl Granl SeGuring the Fulure Grant Herilag8 Lottery Fttnd D, Oyly Carte Charitable Tnjsl CJRS 11,9151 11,9151 18,4881 {15,3571 (13,7171 512 12,nOI 12,587 13,717 3,500 22,462 3,0 122.4621 61,266 161,9391 16731 TOTAL FUNDS 171.687 1181,5981 19,9111 P4e 19 conb'nued...
RN GP ST EFIN mENTS.nIAd nu 14. RELATED PARTY DISCLOSURES There were no related partylransadions for ttke year ended 31 March 2021. 15. PENSION COMMITMENTS The charily operates a defined contributions pensk)n schem6. The assets of the scherrE are hekj separately lomi those ol the Trust in an independently administered fur. The pensiu) cost charye indudes contributions payalAe by the trust 01 £827 12020.. £1,41. Conlribullons lolatling £14812020,, £2771 were payab lo the fund althe balance sheel date aThJ are McludeAI wlthin creditors. 16. OPERATING LEASE COMMIThIENTS The charity hdds a 30 yw term lease lor Sevemdrocg Caglle, LSpon whh the drity is Cha a FEpper(x)rn rent Page 20