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|||||||Page|
|---|---|---|---|---|---|---|
|Reference and administrative||details|ofthe Company,||its Trustees and advisers|1|
|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|||||19-35|
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||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2023|2023|2022|
|||Note|2|2||
|Income from:||||||
|Charitable
activities|||136,093|136,093|115,158|
|Other trading
activities|||115,380|115,380|116,133|
|Investments|||2,413,835|2,413,835|12,677,206|
|Total income|||2,665,308|2,665,308|12,911,497|
|Expenditure
on:||||||
|Raising funds|||2,154,780|2,154,780|1,BBB,057|
|Charitable
activities|||805,988|805,988|603,422|
|Total expenditure|||2,960,768|2,960,768|2489,479|
|Net movement
in funds before other recognised||||||
|gains/(losses)|||(295,460)|(295,460)|10,422,015|
|Other recognised|gains/(losses):|||||
|Gains on revaluation|of fixed assets||574,249|574,249||
|Net movement
in funds|||278,789|278,789|10,422,018|
|Reconciliation
offunds:||||||
|Total funds brought|forward||74,340,689|74,340,689|63,918,671|
|Net movement
in funds|||278,789|278,789|10,422018|
|Total funds carried forward|||74,619,478|74,619,478|74,340,659|
##
||||CONSOLIDATED|BALANCE SHEET|||
|---|---|---|---|---|---|---|
||||AS AT 31|MARCH 2023|||
|||||2023||2022|
||||Note|9|||
|Fixed assets|||||||
|Tangible assets|||12|8,141)839||5,307,157|
|Investments|||14|15)074,851|||
|Investment
property|||13|29,722,611||24,867,575|
|||||50,939,301||30,174,732|
|Current assets|||||||
|Stocks|||15|11,360|11,356||
|Debtors|||16|13,006,674|25,373,172||
|Cash at bank and in hand||||11,908,954|20,822 166||
|||||24,926,988|46,208,894||
|Creditors: amounts|falling|due within|one||||
|year|||17|(746,811)|(1,540,737)||
|Net current assets||||24,180,177||44,885,957|
|Total assets less current||liabilities||75,119,478||74,840,689|
|Creditors: amounts|falling|due after|more||||
|than one year|||18|(500,000)||(500,000)|
|Total net assets||||74,619,478||74,340,689|
|Charity funds|||||||
|Unrestricted
funds|||19|74,619,478||74,340,S89|
|Total funds||||74,619,478||74,340,689|
||||COMPANY BALANCE SHEET|COMPANY BALANCE SHEET|||
|---|---|---|---|---|---|---|
||||AS AT 31 MARCH 2023||||
|||||2023||2022|
||||Note|2|||
|Fixed assets|||||||
|Tangible assets|||12|6,122,062||5,297,578|
|Investments|||14|15,084,851||10,000|
|Investment
property|||13|29,722,611||24,867,575|
|||||50,929,524||30,175,153|
|Current assets|||||||
|Stocks|||15|9,863|9,859||
|Debtors|||16|12,986,850|25,339,889||
|Cash at bank and|in|hand||11,867,130|20,801,571||
|||||24,863,843|46,151,319||
|Creditors: amounts||falling due within one|||||
|year|||17|(763,133)|(1,543,656)||
|Net current assets||||24,100,710||44,607,663|
|Total assets less|current liabilities|||75,030,234||74,782816|
|Creditors: amounts||falling due after more|||||
|than one year|||18|(500,000)||(500,000)|
|Total net assets||||74,530,234||74,282816|
|Charity funds|||||||
|Unrestricted
funds|||19|74,530,234||74,282,816|
|Total funds||||74,530,234||74,282,818|
##
##
||||2023|2022|
|---|---|---|---|---|
||||2||
|Cash flows from operating
activities|||||
|Net cash|generated/(used)
in operating
activities||11,088,030|(24,335,833)|
|Cash flows from investing
activities|||||
|Dividends,|interests
and rents from investments||113,047|9,244|
|Purchase|of tangible fixed assets||(387,011)|(32116)|
|Proceeds|from sale of investment
properties|||40,677,044|
|Purchase|of investment
properties||(4,784,720)|(12,775)|
|Purchase|of fixed asset investments||(15,942,558)||
|Proceeds|from sale offixed asset investments||1,000,000||
|Net cash|(used in)/provided
by investing|activities|(20,001,242)|40,841,397|
|Cash flows from financing
activities|||||
|Repayments
of borrowing||||(2067,850)|
|Net cash|provided
by/(used
in) financing|activities||(2,067,850)|
|Change
in cash and cash equivalents
in||the year|(8,913,212)|14,437,714|
|Cash and|cash equivalents
at the beginning|ofthe year|20,822,166|6,384,452|
|Cash and|cash equivalents
at the end of|the year|11,908,954|20,822,166|
|The notes|on pages 19to 35form part ofthese financial statements||||
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|Unrestricted|Total||Terai|
|---|---|---|---|
|funds|funds||funds|
|2023|2023||2022|
|6|6|||
|136,093|136,093|I|18,158|
##
##
||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2023
6|2023
6|2022f|
||Wedding|and corporate event income|||101,889|101,889|82 196|
||Other income||||13,491|13,491|33,937|
||Total 2023||||115,380|115,380|1f6,133|
|6.|Investment
income|||||||
||||||Unrestricted|Total|Total|
||||||funds|funds|funds|
||||||2023
2|2023|2022f|
||Rent and|service charges|from investment|properties|2,192,028|2,192,028|1,790,918|
||Interest receivable||||113,047|113,047|9,244|
||Dividends|received from|investments||108,360|108,360||
||Profit on|disposal of fixed|assets||400|400|I0,877,044|
||||||2,413,835|2,413,835|f2,677206|
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##
|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2023
2|2023
2|2022f|
|Wedding,
conferencing
and catering
Property manager costs
Estate management
and maintenance
Overhead
and administration
costs
Depreciation|||costs
costs|10,984
232,258
1,385,538
497,744
28,255|10,984
232,258
1,385,538
497,744
28,256|25,579
107,761
1,157,615
578,399
16,703|
|Total 2023||||2,154,780|2,154,780|1,866,057|
##
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##
|||||Unrestricted|||
|---|---|---|---|---|---|---|
|||||funds|Total|Total|
|||||2023|2023|2022|
|||||2|2||
|Horticultural
Research Projects
Short course expenditure
Estate management
and maintenance|||costs|443,683
94,212
268,093|443,683
94,212
268,093|259,889
89,170
254,363|
|||||805,988|805,988|603,422|
##
##
##
|||||2023
f|2022
f|
|---|---|---|---|---|---|
|Fees payable to the|Company's|auditor|for the audit ofthe Company's|||
|annual accounts||||18,000|15,000|
|Fees payable to the|Company's|auditor|in respect of:|||
|Taxation compliance|services||||1,870|
##
|||||Group|Group|
|---|---|---|---|---|---|
|||||2023f|2022f|
|Wages and|salaries|||466,456|396,422|
|Social security costs||||40,059|34,889|
|Contribution|to defined|contribution|pension schemes|16,317|27,783|
|||||522,832|459,094|
||||Group|Group|
|---|---|---|---|---|
||||2023|2022|
||||No.|No.|
|Research|and|administration|17|18|
|Group|Group|
|---|---|
|2023|2022|
|No.|No.|
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##
||Freehold|Motor|Computer|Other fixed||
|---|---|---|---|---|---|
||property|vehicles|equipment|assets|Total|
||6|9|6|2|6|
|Cost or valuation||||||
|At 1 April 2022|5,010,000|102,619|472,137|217,999|5,802,755|
|Additions||9,450|377,561||387,011|
|Disposals||(7,500)|||(7,500)|
|Transfers
between classes|(440,000)||||(440,000)|
|Revaluations|920,000||||920,000|
|At 31 March 2023|5,490,000|104,569|849,698|217,999|6,662,266|
|Depreciation||||||
|At 1 April 2022||93,687|401,911||495,598|
|Charge for the year||4,619|27,710||32,329|
|On disposals||(7,500)|||(7,500)|
|At 31 March 2023||90,806|429,621||520,427|
|Net book value||||||
|At 31 March 2023|5,490,000|13,763|420,077|217,999|6,141,839|
|At31March 2022|5,010,000|8,932|70,225|217,999|5,307,157|
##
##
||Freehold|Motor|Computer|Other fixed||
|---|---|---|---|---|---|
||property|vehicles|equipment|assets|Total|
||2|2|2|2|2|
|Cost or valuation||||||
|At 1 April 2022|5,010,000|102,619|399,132|217,999|5,729,750|
|Additions||9,450|363,569||373,019|
|Disposals||(7,500)|||(7,500)|
|Transfers
between classes|(440,000)||||(440,000)|
|Revaluations|920,000||||920,000|
|At 31 March 2023|5,490,000|104,569|762,701|217,999|6,575,269|
|Depreciation||||||
|At 1 April 2022||93,687|338,485||432,172|
|Charge for the year||4,619|23,916||28,535|
|On dispossls||(7,500)|||(7,500)|
|At 31 March 2023||90,806|362,401||453,207|
|Net book value||||||
|At 31 March 2023|5,490,000|13,763|400,300|217,999|6,122,062|
|At 31March 2022|5,010,000|8,932|50,647|217,999|5,297,578|
##
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##
|||Freehold|
|---|---|---|
|||investment|
|||property|
|Valuation|||
|At 1 April|2022|24,867,575|
|Additions||4,784,720|
|Surplus
on revaluation||(369,684)|
|Transfers|between classes|440,000|
|At 31 March 2023||29,722,611|
##
||Listed|
|---|---|
||investments|
|Group|2|
|Cost or valuation||
|Additions|15,942,558|
|Disposals|(1,000,000)|
|Revaluations|23,933|
|Share of profit/(loss)|108,360|
|At 31 March 2023|15,074,851|
|Net book value||
|At 31 March 2023|15,074,851|
##
##
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##
||Investments|||
|---|---|---|---|
||in|||
|Company|subsidiary
companies
2|Listed
investments
f|Total
6|
|Cost or valuation||||
|At 1 April 2022|10,000||10,000|
|Additions||15,942,558|15,942,558|
|Dispcsals||(1,000,000)|(1,000,000)|
|Revaluations||23,933|23,933|
|Share of profit/(loss)||108,360|108,360|
|At 31 March 2023|10,000|15,074,851|15,084,851|
|Net book value||||
|At 31 March 2023|10,000|15,074,851|15,084,851|
|At 31March 2022|10,000||10,000|
##
|The following|was asubsid|iary
und|ertaking
oft|he Company:||||
|---|---|---|---|---|---|---|---|
|Name|||Company|Registered|office or principal|Principal|activity|
||||number|place of business||||
|East Mailing|Limited||05046509|Shown on|charity information|Operation|of|
|||||page||conference|and dining|
|||||||facilities||
|Class of|Holding|Included|In|||||
|shares||consolidation||||||
|Ordinary|100%|Yes||||||
||The financial|results of the subsidi|ary
for the year were:||||||
|---|---|---|---|---|---|---|---|---|
||Name||Income|Expenditure||Profit/(Loss)||Net assets|
||||2|||2|for the year|2|
||||||||6||
||East Mailing|Limited|109,000||(77,260)||31,740|(151,444)|
|15.|Stocks||||||||
||||Group||Group||Company|Company|
|||||2023
9||2022|2023
2|2022f|
||Consumables||11,360||1|1,355|9,663|9,859|
##
##
##
||||Group
2023f|Group
2022f|Company
2023
2|Company
2022|
|---|---|---|---|---|---|---|
|Due after more than||one year|||||
|Other debtors||||12,358,878||12,358,878|
|||||12,358,878||12358,878|
|Due within one year|||||||
|Trade debtors|||285,294|192,654|265,470|159,371|
|Other debtors|||12,721,380|12,821,540|12,721,380|12,821,540|
||||13,006,674|25,373,172|12,986,850|25,339,889|
|Creditors: Amounts||falling due within one year|||||
||||Group
2023
2|Group
2022|Company
2023
2|Company
2022f|
|Other loans|||100,000|100,000|100,000|100,000|
|Trade creditors|||260,706|195,102|276,207|189,148|
|Amounts
owed|to group undertakings||||30,190|28,928|
|Corporation
tax|||7,468|8,951|||
|Other taxation|and social security||15,099|3S,068|12,403|31,255|
|Other creditors|||343,538|1,200,615|342,333|1,200,325|
||||746,811|1,540,737|763,133|1,549,S55|
##
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##
|||||||||Balance at|
|---|---|---|---|---|---|---|---|---|
||||Balance at 1||||Gains/|31 March|
||||April|2022|Income|Expenditure|(Losses)|2023|
|||||2|2|2|2|2|
||Unrestricted|funds|||||||
||Unrestricted|funds|74,340,689||2,665,308|(2,960,768)|574,249|74,619,478|
||Statement|of funds - prior year|||||||
|||||||||Balance al|
||||||Balance at|||31March|
||||||1 April 2021|Income|Expenditure|2022|
||Unrestricted|funds|||||||
||Unrestricted|funds|||63918671|12911,497|(2489 479)|74,340,689|
|20.|Analysis of net assets between||funds||||||
||Analysis of net assets between||funds - current||year||||
|Analysis
Analysis|of net assets between funds
of net assets between funds - current year|||
|---|---|---|---|
|||Unrestricted|Total|
|||funds|funds|
|||2023|2023|
|||2|2|
|Tangible fixed assets||6,141,839|6,141,839|
|Fixed asset investments||15,074,851|15,074,851|
|Investment|property|29,722,611|29,722,611|
|Current assets||24,926,988|24,926,988|
|Creditors|due within one year|(746,811)|(746,811)|
|Creditors|due in more than one year|(500,000)|(500,000)|
|Total||74,619,478|74,619,478|
##
##
##
|Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year|||
|---|---|---|
||Unrestricted|Total|
||funds|funds|
||2022|2022|
|Tangible fixed assets|5,307,157|5,307,157|
|Investment
property|24,867,575|24,867,575|
|Debtors due after more than one year|12,358,878|12358,878|
|Current assets|33,847,816|93,847,816|
|Creditors due within one year|(1,540,797)|(1,540,797)|
|Creditors due in more than one year|(500,000)|(500,000)|
|Total|74,340,689|74,340,689|
##
||||||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2023|2022|
||||||||||||2|f|
|Net
income/expenditure||for|the|year|(as||per|Statement|of|Financial|||
|Activities)|||||||||||(296,460)|10,422 018|
|Adjustments
for:|||||||||||||
|Depreciation
charges|||||||||||32,329|19,700|
|Dividends,
interests|and|rents|from|investments|||||||(221,407)|(9,244)|
|Loss/(profit)
on the|sale|of fixed assets||||||||||(10,877,044)|
|Decrease/(increase)|in stocks||||||||||(4)|701|
|Decrease/(increase)|in debtors||||||||||12,366,498|(18,180,088)|
|Decrease
in creditors|||||||||||(793,926)|(5,71 1,876)|
|Net cash provided|by/(used||in) operating|||activities|||||11,066,030|(24,335,833)|
##
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||||At 1 April||At 31 March|
|---|---|---|---|---|---|
||||2022|Cash flows|2023|
||||9|2|2|
|Cash|at bank and|in hand|20,822,166|(8,913,212)|11,908,954|
|Debt|due within
1|year|(100,000)||(100,000)|
|Debt|due after 1 year||(500,000)||(500,000)|
||||20,222,166|(8,913,212)|11,308,954|
##
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