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|---|---|---|---|---|---|
|Reference and administrative||details|ofthe Company,|its and advisers||
|Trustees'
report|||||1-8|
|Independent|auditor's
report|on the|financial statements||9-12|
|Consolidated|statement
offinancial||activities||13|
|Consolidated|balance sheet||||14-15|
|Company
balance sheet|||||16-17|
|Consolidated|statement
ofcash flows||||18|
|Notes to the|financial statements||||19-36|
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
||Note|2021
f|2021f|2020f|
|Income from:|||||
|Donations
and legacies||49,883|49,883||
|Charitable
activities||49,828|49,828|110,251|
|Other trading
activities||||79,321|
|Investments||8,955,872|8,955,872|1,854,908|
|Total income||9,055,583|9,055,583|2,044,480|
|Expenditure
on:|||||
|Raising funds||1,712,819|1,712,819|1,604,467|
|Charitable
activities||7,299,151|7,299,151|458,471|
|Total expenditure||9,011,970|9,011,970|2,052,938|
|Net movement
in funds before other recognised|||||
|gains||43,613|43,613|(18,458)|
|Other recognised gains:|||||
|Gains on revaluation
offixed assets||19,609,600|19,609,600|15,395,745|
|Net movement
in funds||19,653,213|19,653,213|15,377,287|
|Reconciliation
offunds:|||||
|Total funds brought
forward||44,265,458|44,265,458|28,888,171|
|Net movement
in funds||19,653,213|19,653,213|15,377,287|
|Total funds carried forward||63,918,671|63,918,671|44,255,458|
##
|||CONSOLIDATED|BALANCE SHEET|||
|---|---|---|---|---|---|
|||AS AT 31|MARCH 2021|||
||||2021||2020|
|||Note|6|||
|Fixed assets||||||
|Tangible assets||13|5,294,741||5,294,271|
|Investment
property||14|54,854,800||37,980,000|
||||60,149,541||43,274,271|
|Current assets||||||
|Stocks||16|12,057|11,125||
|Debtors||17|7,193,084|369,671||
|Cash at bank and|in hand||6,384,452|1,419,428||
||||13,589,593|1,800,224||
|Creditors: amounts|falling due within|one||||
|year||18|(7,200,438)|(577,874)||
|Net current assets|||6,389,155||1,222,350|
|Total assets less|current liabilities||66,538,696||44,496,621|
|Creditors: amounts|falling due after|more||||
|than one year||19|(2,620,025)||(231,163)|
|Total net assets|||63,918,671||44,265,458|
|Charity funds||||||
|Restricted funds||21||||
|Unrestricted
funds||21|63,918,671||44,265,458|
|Total funds|||63,918,671||44,265,458|
#
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|||COMPANY|BALANCE SHEET|||
|---|---|---|---|---|---|
|||AS AT 31 MARCH 2021||||
||||2021||2020|
|||Note|||5|
|Fixed assets||||||
|Tangible assets||13|5,282,164||5,278,531|
|Investments||15|10,000||10,000|
|Investment
property||14|54,854,800||37,980,000|
||||60,146,964||43,268,531|
|Current assets||||||
|Stocks||16|9,863|8,931||
|Debtors||17|7,187,878|421,903||
|Cash at bank and|in hand||6,354,394|1,384,884||
||||13,552,135|1,815,718||
|Creditors: amounts||falling due within one||||
|year||18|(7,184,198)|(570,573)||
|Net current assets|||6,367,937||1,245,145|
|Total assets less|current liabilities||66,514,901||44,513,676|
|Creditors: amounts||falling due after more||||
|than one year||19|(2,620,025)||(231,163)|
|Total net assets|||63,894,876||44,282,513|
|Charity funds||||||
|Restricted funds||21||||
|Unrestricted
funds||21|63,894,876||44,282,513|
|Total funds|||63,894,876||44,282,513|
#
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|||||2021|2020|
|---|---|---|---|---|---|
|||||6||
|Cash flows from operating|activities|||||
|Net cash used
in operating|activities|||(7,205,909)|(47,574)|
|Cash flows from investing|activities|||||
|Purchase oftangible
fixed assets||||(19,413)|(45,899)|
|Proceeds from sale of investment
properties||||12,959,534||
|Purchase ofinvestment
properties||||(3,140,200)|(452,986)|
|Net cash provided
by/(used
in) investing|||activities|9,799,921|(498,885)|
|Cash flows from financing|activities|||||
|Repayments
of borrowing||||(278,988)|(47,825)|
|New loans||||2,650,000||
|Net cash provided
by/(used
in) financing|||activities|2,371,012|(47,825)|
|Change
in cash and cash|equivalents|in|the year|4,965,024|(594,384)|
|Cash and cash equivalents|at the beginning||ofthe year|1,419,428|2,013,812|
|Cash and cash equivalents|at the end|of|the year|6,384,452|1,419,428|
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||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021|2021|2020|
||||8|5|5|
|Covid support|grants||22,450|22,450||
|Corona virus|job retention|scheme income|27,433|27,433||
||||49,883|49,883||
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||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2021|2021|
|||||E|
||Other income||49,828|49,828|
||||Unrestricted|Total|
||||funds|funds|
||||2020|2020|
|||||8|
||Other income||110,251|110,251|
|6.|Income from other trading|activities|||
||Income from fundraising|events|||
||||||||Total|
|---|---|---|---|---|---|---|---|
||||||||funds|
|||||||Unrestricted|Total|
|||||||funds|funds|
|||||||2020
E|2020f|
|Income|from|wedding|and|corporate|events|T9,321|79,321|
##
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||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2021|2021|
||||8|8|
|Rent and service charges from|investment|properties|1,870,565|1,870,565|
|Interest receivable|||773|773|
|Profit on disposal of investment|property||7,084,534|7,084,534|
||||8,955,872|8,955,872|
||||Unrestricted|Total|
||||funds|funds|
||||2020
5|2020f|
|Rent and service charges from|investment|properties|1,846,194|1,846,194|
|Interest receivable|||8,714|8,714|
||||1,854,908|1,854,908|
##
##
|||||||||Unrestricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||||funds|funds|
|||||||||2021
6|2021f|
|Wedding,|conferencing|||and||catering|costs|3,854|3,854|
|Property|manager||costs|||||119,563|119,563|
|Estate management|||and||maintenance||costs|1,022,881|1,022,881|
|Overhead|and|administration||||costs||550,741|550,741|
|Costs of|raising|voluntary|||income - depreciation|||15,780|15,780|
|||||||||1,712,819|1,712,819|
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##
|||||||Unrestricted|Totai|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2020|2020f|
|Wedding,|conferencing||and|catering|costs|260|280|
|Property|manager|costs||||82,479|82,479|
|Estate management||and|maintenance||costs|1,099,635|1,099,635|
|Overhead|and administration|||costs||361,616|316,616|
|Depreciation||||||40,457|40,457|
|||||||1,604,467|1,604,467|
##
##
|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2021|2021|
|||||2|2|
|Horticultural|Research Projects|||7,000,108|7,000,108|
|Short course|expenditure|||47,680|47,680|
|Estate management||and maintenance|costs|248,603|248,603|
|||||7,296,391|7,296,391|
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##
|||||||Unrestricted|Totai|
|---|---|---|---|---|---|---|---|
|||||||funds|funds|
|||||||2020|2020|
||Horticultural|Research Projects||||119,771|119,771|
||Short course|expenditure||||87,337|87,337|
||Estate management||and maintenance||costs|251,363|251,363|
|||||||458,471|458,471|
|10.|Auditor's
remuneration|||||||
|||||||2021|2020|
|||||||2||
||Fees payable|to the|Company's|auditor|for the audit of the Company's|||
||annual
accounts|||||10,500|10,000|
||Fees payable|to the|Company's|auditor|in respect of:|||
||Taxation compliance||services|||1,700|1,500|
|11.|Staff costs|||||||
|Staff costs|||||
|---|---|---|---|---|
||||Group|Group|
||||2021|2020|
||||2||
|Wages and|salaries||341,857|412,464|
|Social security costs|||74,737|35,791|
|Contribution|to defined contribution|pension schemes|38,305|28,354|
||||454,899|476,609|
||||Group|Gr oup|
|---|---|---|---|---|
||||2021|2020|
||||No.|No.|
|Research|and|administration|17|19|
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|Group|Group|
|---|---|
|2021|2020|
|No.|No.|
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##
||Freehold|Motor|Computer|Other fixed||
|---|---|---|---|---|---|
||property|vehicles|equipment|assetsf|Total|
|Cost or valuation||||||
|At 1 April 2020|5,010,000|125,395|730,888|217,999|6„084,282|
|Additions|||19,413||19,413|
|At 31 March 2021|5,010,000|125,395|750,301|217,999|6,103,695|
|Depreciation||||||
|At 1 April 2020||109,517|680,494||790,011|
|Charge for the year||3,970|14,973||18,943|
|At 31 March 2021||113,487|695,467||808,954|
|Net book value||||||
|At 31 March 2021|5,010,000|11,908|54,834|217,999|5,294,741|
|At 31March 2020|5,010,000|15,878|50,394|217,999|5,294,271|
##
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||Freehold|Motor|Computer|Other fixed||
|---|---|---|---|---|---|
||propertyf|vehicles
f|equipment
f|assets
f|Totalf|
|Cost or valuation||||||
|At 1 April 2020|5,010,000|102,619|347,602|217,999|5,678,220|
|Additions|||19,413||19,413|
|At 31 March 2021|5,010,000|102,619|367,015|217,999|5,697,633|
|Depreciation||||||
|At 1 April 2020||86,740|312,949||399,689|
|Charge for the year||3,970|11,810||15,780|
|At 31 March 2021||90,710|324,759||415,469|
|Net book value||||||
|At 31 March 2021|5,010,000|11,909|42,256|217,999|5,282,164|
|At 31March 2020|5,010,000|15,879|34,653|217,999|5,278,531|
##
##
||Freehold|
|---|---|
||investment|
||propertyf|
|Valuation||
|At 1 April 2020|37,980,000|
|Additions|3,140,200|
|Disposals|(5,875,000)|
|Surplus on revaluation|19,609,600|
|At 31 March 2021|54,854,800|
##
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##
||Freehold|
|---|---|
||investment|
||property|
|Valuation||
|At 1 April 2020|37,980,000|
|Additions|3,140,200|
|Disposals|(5,815,000)|
|Surplus
on revaluation|19,609,600|
|At 31 March 2021|54,854,800|
##
||Investments|
|---|---|
||in|
||subsidiary|
||companies|
|Company|6|
|Cost or valuation||
|At 1 April 2020|10,000|
|At 31 March 2021|10,000|
|Net book value||
|At 31 March 2021|10,000|
|At 31March 2020|10,000|
##
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||||||||||Group|Group|Group|Company|Company|Company|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2021|2020||2021|2020|
|||||||||||6|6||6|6|
||Bankloans||||||||47,825||47,825||47,825|47,825|
||Trade creditors||||||||105,201||111,655||79,493|105,852|
||Amounts|owed||to group undertakings|||||||||9,510||
||Other taxation|||and social security|||||28,496||21,620||28,496|20,347|
||Other creditors||||||||7,018,916||396,774|7,018,874||396,549|
||||||||||7,200,438||577,874|7,184,198||570,573|
||The bank||loan|is secured||on certain|freehold||property|of the|Trust. The|loan|is repayable|in monthly|
||installments||up|to July 2021||and is charged||interest at a||rate of2.5%above||base|rate.||
|19.|Creditors:||Amounts||falling|due after|more than one year||||||||
||||||||||Group||Group|Company||Company|
|||||||||||2021|2020||2021|2020|
||||||||||||||6||
||Bank loans||||||||2,620,025||231,163|2,620,025||231,163|
|20.|Financial||instruments||||||||||||
||||||||||||||Group|Group|
||||||||||||||2021|2020|
||||||||||||||6||
||Financial||assets||||||||||||
||Financial|assets measured||||at amortised|cost|||||13,577,536||1,789,099|
||||||||||||||Group|Group|
||||||||||||||2021
6|2020f|
||Financial||liabilities||||||||||||
||Financial|liabilities measured||||at amortised||cost||||(9,792,587)||(787,417)|
##
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##
|Statement|offunds - current ye|ar||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Balance at 1||||Gains/|31 March|
|||April 2020
f|Income
F|Expenditure|f|(Losses)
f|2021
f|
|Unrestricted|funds|||||||
|Unrestricted|funds|44,265,458|9,063,833|(9,020,220)||19,609,600|63,918,671|
|Unallocated|amounts||(8,250)|8,250||||
|||44,265,458|9,055,583|(9,011,970)||19,609,600|63,918,671|
|Statement|offunds - prior year|||||||
||||||||Balance at|
|||Balance at||||Gains/|31March|
|||1April 2019f|income
f|Expenditure|f|(Losses)|2020f|
|Unrestricted|funds|||||||
|Unrestricted|funds|28,888,171|2,044,480|(2,052,938)||15,395,745|44,265,458|
##
|Analysis|ofnet assets between funds - current year|||
|---|---|---|---|
|||Unrestricted|Total|
|||funds|funds|
|||2021f|2021f|
|Tangible fixed assets||5,294,741|5,294,741|
|Investment|property|54,854,800|54,854,800|
|Current assets||13,589,593|13,589,593|
|Creditors|due within one year|(7,200,438)|(7,200,438)|
|Creditors|due in more than one year|(2,620,025)|(2,620,025)|
|Total||63,918,671|63,918,671|
##
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|Analysis||ofn|et assets between funds - prior year|||
|---|---|---|---|---|---|
|||||Unrestricted|Total|
|||||funds|funds|
|||||2020|2020|
||||||6|
|Tangible|fixed||assets|5,294,271|5,294,271|
|Investment||property||37,980,000|37,980,000|
|Current|assets|||1,800,224|1,800,224|
|Creditors||due within one year||(577,874)|(577,874)|
|Creditors||due|in more than one year|(231,183)|(231,183)|
|||||44,255,458|44,265,458|
##
||||||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2021|2020|
||||||||||||6||
|Net
income/expenditure|||for|the|year|(as|per|Statement|of|Financial|||
|Activities)|||||||||||43,613|(18,458)|
|Adjustments||for:|||||||||||
|Depreciation||charges|||||||||18,943|12,020|
|Loss/(profit)||on the sale offixed assets|||||||||(7,084,534)||
|Increase|in|stocks|||||||||(932)|(1,198)|
|Increase|in|debtors|||||||||(6,823,413)|(127,280)|
|Increase|in|creditors|||||||||6,640,414|87,242|
|Net cash|used in operating|||activities|||||||(7,205,909)|(47,674)|
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