```
REGISTERED COMPANY NUMBER: 04641883 (England and Wales)
REGISTERED CHARITY NUMBER: 1127071
```
## **`REPORT OF THE TRUSTEES AND`**
```
UNAUDITED FINANCIAL STATEMENTS
```
## **`FOR THE YEAR ENDED 31 MARCH 2022`**
```
FOR
```
```
SEVERNDROOG CASTLE BUILDING PRESERVATION
TRUST
```
```
McCabe Ford Williams
Chartered Accountants
Bank Chambers
```
```
1 Central Avenue
Sittingbourne
Kent
ME10 4AE
```
```
SEVERNDROOG CASTLE BUILDING PRESERVATION
TRUST
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022`**
||**`Page`**|
|---|---|
|**`Report of the Trustees`**|`1 to 5`|
|**`Independent Examiner's Report`**|`6`|
|**`Statement of Financial Activities`**|`7`|
|**`Balance Sheet`**|`8 to 9`|
|**`Notes to the Financial Statements`**|`10 to 18`|
|**`Detailed Statement of Financial Activities`**|`19 to 20`|
```
SEVERNDROOG CASTLE BUILDING PRESERVATION
TRUST
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022`**
```
The trusteeswho are alsodirectorsof the charityfor the purposesof the CompaniesAct 2006,presenttheirreport with
thefinancialstatementsofthecharityfortheyearended31March2022.Thetrusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUK andRepublicofIreland(FRS 102)
(effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
SeverndroogCastleBuildingPreservationTrust(SCBPT)isacompanylimitedbyguaranteeandaregistered charity.
Theobjectsofthecharityaretopromotetheeducationofthepublicbypreservingforthebenefitofthepeopleof the
LondonBoroughof Greenwichand of the nation, this historical,architecturaland constructionalheritageof the building
known as Severndroog Castle, a grade 2 listed building.
```
```
Insettingobjectivesandplanningactivities,theTrusteeshavegivendueconsiderationoftheCharity Commission
published guidance on the operation of the Public Benefit requirement.
```
## **`Overview of Activities`**
```
The SCBPT has spent the last year emerging from the consequences of the Covid 19 pandemic.
```
```
ThisyearanumberoftalentednewtrusteeshavebeenappointedandanablenewVisitorServicesandSite Manger
hasbeenrecruited.Thisbodeswellforthefuture.TheTrusteesweredelightedtoreopentheCastleinthe Autumn
2021 and, following its normal Winter closure, again in the Spring 2022.
```
```
Thetea-room,operatedunderlicenseby independentcompanyTerraceCatering,remainedopenformostof the year,
and has again been a beacon of normality in an otherwise uncertain period.
```
```
The Castleis lookingforwardto the futureas it entersits CentenaryYear of beingin publicownershipand exciting new
Events and Community Engagement programs for the coming year are being planned.
```
```
Page 1
```
```
SEVERNDROOG CASTLE BUILDING PRESERVATION
TRUST
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022`**
## **`OBJECTIVES AND ACTIVITIES`**
## **`Review of Activities`**
```
Visitors: SCBPT usuallyopensthe main roomsand viewingplatformto membersof the publiceach Sunday throughout
mostoftheyear.Thisfinancialyear,theviewingplatformopenedforthefirsttimeinayeartoPublicaspartof the
OpenHouseweekendinSeptember2021,whichbroughtinrecordnumbersofvisitors,andthenre-opened each
Sundayin November2021.Followingthe usualWinterclosure,the Castlereopenedagainon Sunday27 February with
theintentiontoremainopenoneachSundayuntilthenextWinterclosure.Earlyvisitornumbersarepromising. A
review of opening days is planned.
```
```
Weddings:a numberof weddingstook placethis year, includingone of the largestever held at the Castle.The SCBPT
nowhasalicensepermittingcouplestomarryintheCourtyardandontheViewingPlatform.Anumberof weddings
took place in the Courtyard. A new weddings package is in the process of being introduced.
```
```
Thetearoom:thetearoomcontinuedtooperateformostoftheyeargivingpublicaccesstothegroundfloor and
outside Cour tyard. The concession to Terrace Catering provided guaranteed monthly income for the SCBPT.
```
```
Eventsand activities: the SCBPT was delightedto host a numberof eventsthis year, welcomingback a numberof old
favourites.ChangelingTheatregavetwosoldoutandwellreceivedoutdoorperformancesof"AMidsummer Night's
Dream";andthepopular"Lates"(Fridaynightlivemusicperformances)werere-introducedinJulyandAugust. Other
activitiesincludedChildren'sstorytelling(Tramshed)andContemporaryDance(CollectorsDanceCompany). The
SeverndroogScoutsusedtheCastlefortheirvirtualjamboreeinOctober.EngagingActivitiesand Community
engagementprogramsarebeingplannedforthecomingyearincluding,amongstotherthings,photographyat the
Castle. A Reminiscen ces project is underway to capture memories of members of the public about the Castle.
```
```
Finances: whilst more fully described in the financial review, the SCBPT has made a small loss this year.
```
```
Fundraising: a new fundraisingstrategyis beingplanned.The Castlereceiveda smallincreasein donations following
a piece on BBC London regarding the precarious financial position of the Castle caused by lockdown.
```
```
HistoricalcontextoftheCastle:theSCBPTcontinuestoexamineitshistoricallinkstotheEastIndiaCompany and
has signed the Royal Borough of Greenwich's Equality and Equity Charter
```
```
Volunteers:volunteersweredelightedto returnto theCastleto helpwithitsreopening.A numberof new applications
for volunteers have been received and a number of interviews and training events are underway.
```
```
Trustees:as last year,most meetingswere successfullyheldonline.An openexerciseto recruitnew trustees resulted
intherecruitmentof5talentednewTrusteesfromwideanddiversebackgrounds.Afurtherexercisetorecruit more
trustees is underway. Trustee training is being planned.
```
```
Fabric:thetrustees,asalways,continuedtomonitorandmaintainthefabricoftheCastle.Minorrepairworksto the
Castle's fabrictookplace.A minorfloodaffectedtheCastle'sservicesfora shortperiodwhichhasmeantthatthe Air
SourceHeat Pump requiredadditionalrepairwork.Periodicmaintenancework on the electricsand Emergency Lighting
systems were undertaken. A long-term sustainable maintenance plan is in preparation.
```
```
Community:SCBPThassoughttoincreaseitslinkswithlocalcommunitygroupsincludingtheFriendsof Oxleas
Woods,ShrewsburyHouse,theGarrisonChurch,WoolwichWorks,CharltonHouse(theRoyalGreenwich Heritage
Trust), Severndroog Scours and the Boys Brigade.
```
```
Page 2
```
```
SEVERNDROOG CASTLE BUILDING PRESERVATION
TRUST
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022`**
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`PLANS FOR THE FUTURE`**
```
TheTrusteesremaincommittedto placingtheCastleon sustainablefinancialfootingwhilstensuringthatit remains an
attractionforlocalpeopletoenjoy.Suchanapproachwillenableittomeetitscharitableobjectivesandremain an
asset which the local community can enjoy.
```
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
For the financialyear ended31 March 2022 activitiesat the Castlerecommencedwhich gave rise to incomeof £46,406.
Donationswereagaingenerousat £9,940,for whichtheTrusteeswouldliketo expressboththeirthanksand gratitude
tothosewhosupportedtheCastleatadifficulttime.VisitorsreturnedtotheCastleandwehadagoodnumber of
weddings, together with rental from Terrace Catering.
```
```
Whilsttheresultwasasmalldeficitof£4,620reservesremainedstrong,enablingtheTrusteestotakeona new
managerand beginto forge plansto ensurethe long term financialstabilityof the Castle.The Trusteesrecognisethis is
not a simpletaskbut are determined,with our manysupportsand partners,to ensurethat Castleis a viable community
asset that can be enjoyed by the local community for many years to come
```
```
Incomefortheyearended31March2022amountedto£46,406(2021:£91,173),andexpenditureamounted to
£51,026 (2021: £67,263). The charitable activities in the year are detailed in note 5.
```
```
Asaresultoftheabovemovements,adeficitof£4,620(2021:surplusof£23,910)wasreportedfortheyear. Funds
carriedforwardtotal£52,833(2021:£57,453),ofwhich£15,801(2021:£19,301)arerestrictedfundsand £37,032
(2021: £38,152) are unrestricted funds.
```
## **`Reserves policy`**
```
Reservesarerequiredto coverthe3 monthwinterperiodwhenthebuildingis closedanda furtheramountto allow for
fluctuationsin both visitorand eventincome.The trusteesconsiderthe latterto be the majorshortterm risk to the Trust
andhenceafurthertwomonthsincomeshouldbeheldagainstsuchapossibility.Intotalareserveof£37,500 is
considered reasonable. Given the current free reserves of £37,032 the charity is not quite meeting this policy.
```
## **`Going concern`**
```
Aftermakingappropriateenquiries,theTrusteeshaveareasonableexpectationthatthecharitablecompany has
adequateresourcestocontinueinoperationalexistencefortheforeseeablefuture.Forthisreasontheycontinue to
adoptthe goingconcernbasisin preparingthe financialstatements.Furtherdetailsregardingthe adoptionof the going
concern basis can be found in the Accounting Policies.
```
## **`MATERIAL INVESTMENTS POLICY`**
```
Investmentactivitiesare managedin line with the requirementsof the TrusteeAct 2000.The Trustees,havingregard to
theliquidityrequirementsofoperatingthecharityandtothereservespolicy,willoperateapolicyofkeeping available
funds in interest bearing deposit accounts.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
```
```
Page 3
```
```
SEVERNDROOG CASTLE BUILDING PRESERVATION
TRUST
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Charity constitution`**
```
ThecompanyislimitedbyguaranteeandisregisteredinEnglandandWales(CompanyRegistration Number
04641883),andisaregisteredcharity,number1127071.Thecharity'sgoverningdocumentisaMemorandum of
Associationdated3November2002,andsubsequentlyamendedon18June2008,underwhichthecharity is
constituted.
```
## **`Recruitment and appointment of new trustees`**
```
The managementof the companyis the responsibilityof the Trusteeswho are electedand co-optedunderthe terms of
the Articles of Association.
```
```
The governingdocumentprescribesthat thereshallbe a minimumof threetrusteesand a maximumof twelve.At every
otherAnnualGeneralMeetingofthemembers,onethirdofthetrusteesshallretirefromoffice,beingthosewith the
longest service.
```
```
Theretiringtrusteesshallbeeligibleforre-election,exceptiftheyhavefailedwithoutgoodreasontoattend25% or
moreofthetrusteemeetingsovertheperiodoftheirappointment.Theyshallbeentitledtostandforelectionat a
subsequent Annual General Meeting.
```
```
Inselectingtrustees,thecharitymusthaveregardtotheskills,knowledgeandexperienceneededforthe effective
administration of the charity.
```
## **`Organisational structure and Decision making`**
```
TheBoardisorganisedsothattheTrusteesmeetregularlytoshapeandmonitortheworkofSeverndroog Castle
BuildingPreservationTrust.Any threeTrusteesmay instructthe Secretaryat any timeto calla meeting.Decisions are
madebyasimplemajorityofvotescastatameeting.Inthecaseofanequalityofvotes,thepersonwhochairs the
meetingshallhaveasecondorcastingvote.Nodecisionshallbetakenatameetingunlessaquorumispresent. A
quorum is four trustees.
```
## **`Induction and training of new trustees`**
```
The charity makes available to each new Trustee, on or before his or her first appointment:
```
```
a) A copy of the current version of the Articles of Association; and
```
```
b) A copy of the charity’s latest Trustees’ annual report and statement of accounts
```
```
Training is made available to Trustees’ when required.
```
## **`Risk management`**
```
The trusteeshave a duty to identifyand reviewthe risksto which the charityis exposedand to ensureappropriate. The
Trusteeshaveassessedthemajorrisksto whichthecharityisexposed,thoserelatedto theoperationsanfinances of
the companyand are satisfiedthat systemsand proceduresare in place to mitigateour exposureto the major risks. The
keyrisksfacingthecharityrelatetothepotentiallossofincomeduetothecoronaviruspandemicandbuilding a
sufficient revenue base to meet core cost controls are in place to provide reasonable assurance against fraud and error.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number`**
```
04641883 (England and Wales)
```
## **`Registered Charity number`**
```
1127071
```
```
Page 4
```
```
SEVERNDROOG CASTLE BUILDING PRESERVATION
TRUST
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022`**
## **`Registered office`**
```
Severndroog Castle
Shooters Hill
London
SE18 3RT
```
## **`Trustees`**
```
M T Bright
N M Emerson (resigned 31.3.22)
S J Mann (resigned 23.11.21)
H J Robins
C Golding Company Director Advertising
J A Goode (appointed 14.5.21)
R A R Hafez (appointed 14.5.21)
E Sweeney (appointed 14.5.21)
K E Winsall (appointed 14.5.21)
```
## **`Company Secretary`**
## **`Independent Examiner`**
```
McCabe Ford Williams
Chartered Accountants
Bank Chambers
1 Central Avenue
Sittingbourne
Kent
ME10 4AE
```
```
Thisreporthasbeenpreparedin accordancewiththe specialprovisionsof Part15 of the CompaniesAct 2006 relating
to small companies.
```
`Approved by order of the board of trustees on ............................................. and signed on its behalf by:` Dec 16, 2022
Mary T Bright `........................................................................ Trustee`
```
Page 5
```
## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SEVERNDROOG CASTLE BUILDING PRESERVATION TRUST`**
## **`Independent examiner's report to the trustees of Severndroog Castle Building Preservation Trust ('the Company')`**
```
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
```
## **`Responsibilities and basis of report`**
```
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
```
```
Havingsatisfiedmyselfthattheaccountsof theCompanyarenotrequiredto be auditedunderPart16 of the2006 Act
and are eligiblefor independentexamination,I reportin respectof my examinationof yourcharity'saccountsas carried
outunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowed the
Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith 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`
`3. 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`
`4. 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)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
Clair Rayner
FCA DChA
McCabe Ford Williams
Chartered Accountants
Bank Chambers
1 Central Avenue
Sittingbourne
Kent
ME10 4AE
```
Dec 19, 2022 `Date: .............................................`
```
Page 6
```
```
SEVERNDROOG CASTLE BUILDING PRESERVATION
TRUST
```
## **`STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022`**
||||||`31.3.22`|`31.3.21`|
|---|---|---|---|---|---|---|
|||`Unrestricted`|`Restricted`||`Total`|`Total`|
|||`fund`|`funds`||`funds`|`funds`|
||`Notes`|`£`|`£`||`£`|`£`|
|**`INCOME AND ENDOWMENTS FROM`**|||||||
|`Donations and legacies`|`2`|`9,940`||`-`|`9,940`|`76,307`|
|**`Charitable activities`**|||||||
|`Preservation of Severndroog Castle`||`7,010`||`-`|`7,010`|`-`|
|`Visitors income`||`-`||`-`|`-`|`961`|
|`Other trading activities`|`3`|`29,456`||`-`|`29,456`|`13,905`|
|**`Total`**||`46,406`||`-`|`46,406`|`91,173`|
|**`EXPENDITURE ON`**|||||||
|**`Charitable activities`**|`5`||||||
|`Preservation of Severndroog Castle`||`51,026`||`-`|`51,026`|`67,263`|
|**`NET INCOME/(EXPENDITURE)`**||`(4,620)`||`-`|`(4,620)`|`23,910`|
|**`Transfers between funds`**|`13`|`3,500`|`(3,500)`||`-`|`-`|
|**`Net movement in funds`**||`(1,120)`|`(3,500)`||`(4,620)`|`23,910`|
|**`RECONCILIATION OF FUNDS`**|||||||
|`Total funds brought forward`||`38,152`|`19,301`||`57,453`|`33,543`|
|**`TOTAL FUNDS CARRIED FORWARD`**||`37,032`|`15,801`||`52,833`|`57,453`|
```
The notes form part of these financial statements
```
```
Page 7
```
```
SEVERNDROOG CASTLE BUILDING PRESERVATION
```
## **`TRUST (REGISTERED NUMBER: 04641883)`**
## **`BALANCE SHEET`**
## **`31 MARCH 2022`**
||||||`31.3.22`|`31.3.21`|
|---|---|---|---|---|---|---|
|||`Unrestricted`|`Restricted`||`Total`|`Total`|
|||`fund`|`funds`||`funds`|`funds`|
||`Notes`|`£`|`£`||`£`|`£`|
|**`CURRENT ASSETS`**|||||||
|`Debtors`|`11`|`1,800`||`-`|`1,800`|`1,350`|
|`Cash at bank`||`39,916`|`15,801`||`55,717`|`67,416`|
|||`41,716`|`15,801`||`57,517`|`68,766`|
|**`CREDITORS`**|||||||
|`Amounts falling due within one year`|`12`|`(4,684)`||`-`|`(4,684)`|`(11,313)`|
|**`NET CURRENT ASSETS`**||`37,032`|`15,801`||`52,833`|`57,453`|
|**`TOTAL ASSETS LESS CURRENT LIABILITIES`**||`37,032`|`15,801`||`52,833`|`57,453`|
|**`NET ASSETS`**||`37,032`|`15,801`||`52,833`|`57,453`|
|**`FUNDS`**|`13`||||||
|`Unrestricted funds`|||||`37,032`|`38,152`|
|`Restricted funds`|||||`15,801`|`19,301`|
|**`TOTAL FUNDS`**|||||`52,833`|`57,453`|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year
ended 31 March 2022.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 March 2022 in accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.`
```
The notes form part of these financial statements
```
```
continued...
```
```
Page 8
```
```
SEVERNDROOG CASTLE BUILDING PRESERVATION
TRUST (REGISTERED NUMBER: 04641883)
```
## **`BALANCE SHEET - continued 31 MARCH 2022`**
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
```
`The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:` Dec 16, 2022
`.............................................` Mary T Bright `Trustee`
```
The notes form part of these financial statements
```
```
Page 9
```
```
SEVERNDROOG CASTLE BUILDING PRESERVATION
TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisa publicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January 2019)',
FinancialReportingStandard102'TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland'andtheCompaniesAct2006.Thefinancialstatementshavebeenpreparedunderthehistorical cost
convention.
```
## **`Company status`**
```
Thecharitablecompanyis a companylimitedby guarantee,whichis registeredin EnglandandWales,with the
companynumber04641883.Thecompany'sregisteredofficeisSeverndroogCastle,ShootersHill, London,
SE183RT.ThemembersofthecompanyaretheTrusteesnamedonpage1.Intheeventofthe company
being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
```
## **`Income`**
```
All incomeis recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the income, it
is probable that the income will be received and the amount can be measured reliably.
```
```
Voluntaryincomereceivablebyanywayofdonationsisincludedinfullinthestatementoffinancial activities
when receivable.
```
```
Grants are credited to the statement of financial activities when received or receivable whichever is earlier.
```
## **`Government grants`**
```
Governmentgrantsarerecognisedwhentheperformancerelatedconditionsimposeduponthereceiptof the
granthavebeenmet. Wherethesea havenot beensatisfied,thesegrantsare recognisedas liabilities.If grants
arenotconditionalonfutureperformancerelatedconditions,thenincomeisrecognisedwhenthe grant
proceeds are receivable
```
```
DuringtheyearthecharityreceivedGovernmentgrantsin theformof theEmploymentAllowance.Thisgrant is
shown within note 2 of the financial statements.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasis and
hasbeenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannot be
directlyattributedto particularheadingstheyhavebeenallocatedto activitieson a basisconsistentwith the use
of resources.
```
## **`Debtors`**
```
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
```
## **`Creditors`**
```
Creditorsand provisionsare recognisedwherethe charitablecompanyhas a presentobligationresultingfrom a
pasteventthatwillprobablyresultinthetransferoffundstoathirdpartyandtheamountduetosettle the
obligationcanbemeasuredorestimatedreliably.Creditorsandprovisionsarenormallyrecognisedat their
settlement amount after allowing for any trade discounts due.
```
```
continued...
```
```
Page 10
```
```
SEVERNDROOG CASTLE BUILDING PRESERVATION
TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022`**
## **`1. ACCOUNTING POLICIES - continued`**
## **`Creditors`**
## **`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.
```
```
Restrictedfunds can only be used for particularrestrictedpurposeswithinthe objectsof 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.
```
## **`Pension costs and other post-retirement benefits`**
```
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayableto the
charitablecompany'spensionschemeare chargedto the Statementof FinancialActivitiesin the periodto which
they relate.
```
## **`Going concern`**
```
After makingappropriateenquiries,the Trusteeshave a reasonableexpectationthat the charitablecompany has
adequateresourcesto continuein operationalexistencefor the foreseeablefuture.For this reasonthey continue
to adoptthe goingconcernbasisin preparingthe financialstatements.Furtherdetailsregardingthe adoption of
the going concern basis can be found in the Accounting Policies.
```
## **`2. DONATIONS AND LEGACIES`**
|**`DONATIONS AND LEGACIES`**|||
|---|---|---|
||`31.3.22`|`31.3.21`|
||`£`|`£`|
|`Donations`|`5,458`|`20,050`|
|`Grants`|`4,482`|`56,257`|
||`9,940`|`76,307`|
|`Grants received, included in the above, are as follows:`|||
||`31.3.22`|`31.3.21`|
||`£`|`£`|
|`CJRS scheme`|`-`|`19,750`|
|`Heritage Lottery Fund Grant`|`-`|`13,717`|
|`D Oyly Carte`|`-`|`3,500`|
|`Employment allowance`|`1,017`|`2,712`|
|`Other grants`|`3,465`|`16,578`|
||`4,482`|`56,257`|
```
continued...
```
```
Page 11
```
```
SEVERNDROOG CASTLE BUILDING PRESERVATION
TRUST
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued`**
## **`FOR THE YEAR ENDED 31 MARCH 2022`**
## **`3. OTHER TRADING ACTIVITIES`**
|||||`31.3.22`|`31.3.21`|
|---|---|---|---|---|---|
|||||`£`|`£`|
||`Castle hire`|||`18,656`|`5,055`|
||`Service charge`|||`10,800`|`8,850`|
|||||`29,456`|`13,905`|
|**`4.`**|**`INCOME FROM CHARITABLE ACTIVITIES`**|||||
|||||`31.3.22`|`31.3.21`|
|||`Activity`||`£`|`£`|
||`Visitor income`|`Preservation of Severndroog Castle`||`7,010`|`-`|
||`Visitor income`|`Visitors income`||`-`|`961`|
|||||`7,010`|`961`|
|**`5.`**|**`CHARITABLE ACTIVITIES`**|**`COSTS`**||||
|||||`Support`||
||||`Direct`|`costs (see`||
||||`Costs`|`note 6)`|`Totals`|
||||`£`|`£`|`£`|
||`Preservation of Severndroog Castle`||`16,448`|`34,578`|`51,026`|
|**`6.`**|**`SUPPORT COSTS`**|||||
|||||`Governance`||
||||`Management`|`costs`|`Totals`|
||||`£`|`£`|`£`|
||`Preservation of Severndroog Castle`||`32,210`|`2,368`|`34,578`|
||`Support costs, included in the above, are as follows:`|||||
||**`Management`**|||||
|||||`31.3.22`|`31.3.21`|
|||||`Preservation`||
|||||`of`||
|||||`Severndroog`|`Total`|
|||||`Castle`|`activities`|
|||||`£`|`£`|
||`Premises expenses`|||`20,527`|`15,618`|
||`Insurance`|||`7,275`|`6,939`|
||`Catering and events`|||`585`|`1,750`|
||`Office costs`|||`1,112`|`1,777`|
||`Advertising`|||`1,762`|`4,378`|
||`Carried forward`|||`31,261`|`30,462`|
```
continued...
```
```
Page 12
```
```
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```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022`**
## **`6. SUPPORT COSTS - continued`**
## **`Management - continued`**
||`31.3.22`|`31.3.21`|
|---|---|---|
||`Preservation`||
||`of`||
||`Severndroog`|`Total`|
||`Castle`|`activities`|
||`£`|`£`|
|`Brought forward`|`31,261`|`30,462`|
|`Sundries`|`949`|`397`|
||`32,210`|`30,859`|
|**`Governance costs`**|||
||`31.3.22`|`31.3.21`|
||`Preservation`||
||`of`||
||`Severndroog`|`Total`|
||`Castle`|`activities`|
||`£`|`£`|
|`Accountancy fees`|`1,897`|`2,573`|
|`Professional fees`|`471`|`198`|
||`2,368`|`2,771`|
|**`NET INCOME/(EXPENDITURE)`**|||
|`Net income/(expenditure) is stated after charging/(crediting):`|||
||`31.3.22`|`31.3.21`|
||`£`|`£`|
|`Independent examiner's remuneration`|`1,400`|`1,296`|
## **`7. NET INCOME/(EXPENDITURE)`**
```
continued...
```
```
Page 13
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```
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```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022`**
## **`8. TRUSTEES' REMUNERATION AND BENEFITS`**
```
There were no trustees'remunerationor other benefitsfor the year ended31 March2022 nor for the year ended
31 March 2021.
```
## **`Trustees' expenses`**
```
N Emersonreceivedreimbursementof expensesin thesumof £143duringtheyearended31 March2022. No
expenses were reimbursed to trustees for the year ended 31 March 2021.
```
## **`9. STAFF COSTS`**
||`31.3.22`|`31.3.21`|
|---|---|---|
||`£`|`£`|
|`Wages and salaries`|`15,236`|`31,219`|
|`Social security costs`|`1,017`|`2,712`|
|`Other pension costs`|`195`|`827`|
||`16,448`|`34,758`|
```
The average monthly number of employees during the year was as follows:
```
||`31.3.22`|`31.3.21`|
|---|---|---|
|`Employees`|`1`|`1`|
```
No employee received remuneration totalling more than £60,000 during either year.
```
## **`10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|`Unrestricted`
`Restricted`
`fund`
`funds`
`£`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`36,628`
`39,679`
**`Charitable activities`**
`Visitors income`
`961`
`-`
`Other trading activities`
`13,905`
`-`
**`Total`**
`51,494`
`39,679`
**`EXPENDITURE ON`**
**`Charitable activities`**
`Preservation of Severndroog Castle`
`40,514`
`26,749`
**`NET INCOME`**
`10,980`
`12,930`|`Total`
`funds`
`£`
`76,307`
`961`
`13,905`|
|---|---|
||`91,173`|
||`67,263`|
||`23,910`|
```
continued...
```
```
Page 14
```
```
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```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022`**
|**`10.`**|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -`**|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -`**|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -`**|**`continued`**|**`continued`**|||
|---|---|---|---|---|---|---|---|
||||`Unrestricted`|||`Restricted`|`Total`|
||||`fund`|||`funds`|`funds`|
|||||`£`||`£`|`£`|
||**`RECONCILIATION OF FUNDS`**|||||||
||`Total funds brought forward`||`15,407`|||`18,136`|`33,543`|
||**`TOTAL FUNDS CARRIED FORWARD`**||`26,387`|||`31,066`|`57,453`|
|**`11.`**|**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||||||
|||||||`31.3.22`|`31.3.21`|
|||||||`£`|`£`|
||`Trade debtors`|||||`1,800`|`1,350`|
|**`12.`**|**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||||||
|||||||`31.3.22`|`31.3.21`|
|||||||`£`|`£`|
||`Trade creditors`|||||`2,784`|`450`|
||`Other creditors`|||||`-`|`148`|
||`Accruals and deferred income`|||||`1,900`|`10,715`|
|||||||`4,684`|`11,313`|
|**`13.`**|**`MOVEMENT IN FUNDS`**|||||||
||||`Net`|||`Transfers`||
||||`movement`|||`between`|`At`|
|||`At 1.4.21`|`in funds`|||`funds`|`31.3.22`|
|||`£`|`£`|||`£`|`£`|
||**`Unrestricted funds`**|||||||
||`General fund`|`38,152`|`(4,620)`|||`3,500`|`37,032`|
||**`Restricted funds`**|||||||
||`Greenwich Neighbourhood Development`|||||||
||`Grant`|`512`|||`-`|`-`|`512`|
||`Securing the Future Grant`|`15,289`|||`-`|`-`|`15,289`|
||`D' Oyly Carte Charitable Trust`|`3,500`|||`-`|`(3,500)`|`-`|
|||`19,301`|||`-`|`(3,500)`|`15,801`|
||**`TOTAL FUNDS`**|`57,453`|`(4,620)`|||`-`|`52,833`|
```
continued...
```
```
Page 15
```
```
SEVERNDROOG CASTLE BUILDING PRESERVATION
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```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022`**
## **`13. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`46,406`|`(51,026)`|`(4,620)`|
|**`TOTAL FUNDS`**|`46,406`|`(51,026)`|`(4,620)`|
|**`Comparatives for movement in funds`**||||
|||`Net`||
|||`movement`|`At`|
||`At 1.4.20`|`in funds`|`31.3.21`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`15,407`|`22,745`|`38,152`|
|**`Restricted funds`**||||
|`Greenwich Neighbourhood Development`||||
|`Grant`|`3,972`|`(3,460)`|`512`|
|`Securing the Future Grant`|`14,164`|`1,125`|`15,289`|
|`D' Oyly Carte Charitable Trust`|`-`|`3,500`|`3,500`|
||`18,136`|`1,165`|`19,301`|
|**`TOTAL FUNDS`**|`33,543`|`23,910`|`57,453`|
```
continued...
```
```
Page 16
```
```
SEVERNDROOG CASTLE BUILDING PRESERVATION
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```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022`**
## **`13. MOVEMENT IN FUNDS - continued`**
```
Comparative net movement in funds, included in the above are as follows:
```
|||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|---|
|||`resources`|`expended`|`in funds`|
|||`£`|`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`||`51,494`|`(28,749)`|`22,745`|
|**`Restricted funds`**|||||
|`Greenwich Neighbourhood Development`|||||
|`Grant`||`-`|`(3,460)`|`(3,460)`|
|`Securing the Future Grant`||`-`|`1,125`|`1,125`|
|`Heritage Lottery Fund`||`13,717`|`(13,717)`|`-`|
|`D' Oyly Carte Charitable Trust`||`3,500`|`-`|`3,500`|
|`CJRS`||`22,462`|`(22,462)`|`-`|
|||`39,679`|`(38,514)`|`1,165`|
|**`TOTAL FUNDS`**||`91,173`|`(67,263)`|`23,910`|
|`A current year 12 months and prior year 12 months combined position is as follows:`|||||
|||`Net`|`Transfers`||
|||`movement`|`between`|`At`|
||`At 1.4.20`|`in funds`|`funds`|`31.3.22`|
||`£`|`£`|`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`|`15,407`|`18,125`|`3,500`|`37,032`|
|**`Restricted funds`**|||||
|`Greenwich Neighbourhood Development`|||||
|`Grant`|`3,972`|`(3,460)`|`-`|`512`|
|`Securing the Future Grant`|`14,164`|`1,125`|`-`|`15,289`|
|`D' Oyly Carte Charitable Trust`|`-`|`3,500`|`(3,500)`|`-`|
||`18,136`|`1,165`|`(3,500)`|`15,801`|
|**`TOTAL FUNDS`**|`33,543`|`19,290`|`-`|`52,833`|
```
continued...
```
```
Page 17
```
```
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```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022`**
## **`13. MOVEMENT IN FUNDS - continued`**
```
A currentyear 12 monthsand prioryear 12 monthscombinednet movementin funds,includedin the above are
as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`97,900`|`(79,775)`|`18,125`|
|**`Restricted funds`**||||
|`Greenwich Neighbourhood Development`||||
|`Grant`|`-`|`(3,460)`|`(3,460)`|
|`Securing the Future Grant`|`-`|`1,125`|`1,125`|
|`Heritage Lottery Fund`|`13,717`|`(13,717)`|`-`|
|`D' Oyly Carte Charitable Trust`|`3,500`|`-`|`3,500`|
|`CJRS`|`22,462`|`(22,462)`|`-`|
||`39,679`|`(38,514)`|`1,165`|
|**`TOTAL FUNDS`**|`137,579`|`(118,289)`|`19,290`|
## **`14. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 March 2022.
```
## **`15. PENSION COMMITMENTS`**
```
Thecharityoperatesadefinedcontributionspensionscheme.Theassetsoftheschemeareheld separately
formthoseof theTrustinanindependentlyadministeredfund.Thepensioncostchargeincludes contributions
payable by the trust of £195 (2021: £827).
```
## **`16. OPERATING LEASE COMMITMENTS`**
```
The charityholdsa 30 yeartermleasefor SeverndroogCastle,uponwhichthe charityis chargeda peppercorn
rent.
```
```
Page 18
```
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```
|**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
`Grants`
**`Other trading activities`**
`Castle hire`
`Service charge`
**`Charitable activities`**
`Visitor income`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Charitable activities`**
`Wages`
`Social security`
`Pensions`
`Project activities`
**`Support costs`**
**`Management`**
`Premises expenses`
`Insurance`
`Catering and events`
`Office costs`
`Advertising`
`Sundries`
**`Governance costs`**
`Accountancy fees`
`Carried forward`|**`DETAILED STATEMENT OF FINANCIAL ACTIVITIES`**
**`FOR THE YEAR ENDED 31 MARCH 2022`**
`31.3.22`
`31.3.21`
`£`
`£`
`5,458`
`20,050`
`4,482`
`56,257`
`9,940`
`76,307`
`18,656`
`5,055`
`10,800`
`8,850`
`29,456`
`13,905`
`7,010`
`961`
`46,406`
`91,173`
`15,236`
`31,219`
`1,017`
`2,712`
`195`
`827`
`-`
`(1,125)`
`16,448`
`33,633`
`20,527`
`15,618`
`7,275`
`6,939`
`585`
`1,750`
`1,112`
`1,777`
`1,762`
`4,378`
`949`
`397`
`32,210`
`30,859`
`1,897`
`2,573`
`1,897`
`2,573`|
|---|---|
|||
```
This page does not form part of the statutory financial statements
```
```
Page 19
```
```
SEVERNDROOG CASTLE BUILDING PRESERVATION
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```
|**`Governance costs`**
`Brought forward`
`Professional fees`
`Total resources expended`
**`Net (expenditure)/income`**|**`DETAILED STATEMENT OF FINANCIAL ACTIVITIES`**
**`FOR THE YEAR ENDED 31 MARCH 2022`**
`31.3.22`
`31.3.21`
`£`
`£`
`1,897`
`2,573`
`471`
`198`
`2,368`
`2,771`
`51,026`
`67,263`
`(4,620)`
`23,910`|**`DETAILED STATEMENT OF FINANCIAL ACTIVITIES`**
**`FOR THE YEAR ENDED 31 MARCH 2022`**
`31.3.22`
`31.3.21`
`£`
`£`
`1,897`
`2,573`
`471`
`198`
`2,368`
`2,771`
`51,026`
`67,263`
`(4,620)`
`23,910`|
|---|---|---|
||||
|||`2,771`|
|||`67,263`|
|||`23,910`|
```
This page does not form part of the statutory financial statements
```
```
Page 20
```