| Page | |||||
|---|---|---|---|---|---|
| Reference and administrative | details ofthe Charitable | Company, | its Trustees and | ||
| advisers | |||||
| Trustees' report |
2-6 | ||||
| Independent auditors' |
report | on the financial statements | 7- 10 | ||
| Statement offinancial | activities | ||||
| Balance sheet | 12-13 | ||||
| Notes to the financial | statements | 14-26 |
| Trustees | Simon Roger Kirkup | Simon Roger Kirkup | |||||
|---|---|---|---|---|---|---|---|
| Mrs Anne-Marie | Belinda | Trevelyan | (resigned 20 Apnl 2020) | ||||
| John Antony Scott Walton | |||||||
| Angus Edward | Collingwood-Cameron | ||||||
| Company | registered | ||||||
| number | 08217668 | ||||||
| Charity registered | |||||||
| number | 1149510 | ||||||
| Registered | office | Belsay Estate Office | |||||
| Beisay | |||||||
| Newcastle upon |
Tyne | ||||||
| NE20 ODX | |||||||
| Independent | auditors | RyecroR Glenton | |||||
| Chartered Accountants |
&Statutory | Auditor | |||||
| 32 Portland Terrace | |||||||
| Jesmond | |||||||
| Newcastle upon |
Tyne | ||||||
| NE2 1QP | |||||||
| Estate Management | Galbraith LLP (incorporating |
Land Factor) | |||||
| Blagdon Estate | Office | ||||||
| Seaton Burn | |||||||
| Newcastle upon |
Tyne | ||||||
| NE13 6DE |
| Endowment | Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2021 | 2021 | 2021 | 2020 | ||||
| Note | 6 | 6 | 5 | ||||
| Income and endowments | from: | ||||||
| Charitable activities |
401,564 | 401,564 | 402,501 | ||||
| Investments | 1,314 | 1,314 | 572 | ||||
| Total income and | endowments | 402,878 | 402,878 | 403,073 | |||
| Expenditure on: |
|||||||
| Charitable activities |
232,819 | 232,819 | 283,907 | ||||
| Total expenditure | 232,819 | 232,819 | 283,907 | ||||
| Net movement in funds before other |
|||||||
| recognised gains |
170,059 | 170,059 | 119,165 | ||||
| Other recognised | gains: | ||||||
| Gains on revaluation | offixed assets | 450,000 | 450,000 | 45,304 | |||
| Net movement in funds |
450,000 | 170,059 | 620,059 | 154,470 | |||
| Reconciliation offunds: |
|||||||
| Total funds brought | forward | 12,720,357 | 1,833,506 | 14,553,863 | 14,389,393 | ||
| Net movement in funds |
450,000 | 170,059 | 620,059 | 154,470 | |||
| Total funds carried forward | 13,170,357 | 2,003,565 | 15,173,922 | 14,553,863 |
| Note | 2021 6 |
2020f | ||||||
|---|---|---|---|---|---|---|---|---|
| Fixed assets | ||||||||
| Tangible assets | 9 | 1,808,467 | f,807,5fo | |||||
| Investment property |
10 | 12,352,400 | 11,902,400 | |||||
| 14,160,867 | 13,709,910 | |||||||
| Current assets | ||||||||
| Debtors | 11 | 24,918 | 57,937 | |||||
| Cash at bank and | in hand | 1,066,398 | 842,525 | |||||
| 1,091,316 | 900,462 | |||||||
| Creditors: amounts | falling | due within one | ||||||
| year | 12 | (78,261) | (55,509) | |||||
| Net current assets | 1,013,055 | 843,953 | ||||||
| Total assets less | current | liabilities | 15,173,922 | 14,553,863 | ||||
| Net assets excluding | pension asset | 15,173,922 | 14,553,863 | |||||
| Total net assets | 15,173,922 | 14,553,863 | ||||||
| Charity funds | ||||||||
| Endowment funds |
14 | 13,170,357 | 12,720,357 | |||||
| Restricted funds | 14 | |||||||
| Unrestricted funds |
14 | 2,003,565 | 1,833,506 | |||||
| Total funds | 15,173,922 | 14,553,853 |
| Unrestricted | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2021 | 2021f | |||
| Rental income - farms | 73,390 | 73,390 | ||
| Grass Parks | 106,103 | 106,103 | ||
| Rental income - houses | 188,023 | 188,023 | ||
| Rental income - commercial | and wayleaves | 30,591 | 30,691 | |
| Rental income - office and equipment | 2,100 | 2,100 | ||
| Firewood sales | 1,276 | 1,276 | ||
| Sundry income | 81 | 81 | ||
| Total 2021 | 401,564 | 401,664 | ||
| Unrestricted | Total | |||
| funds | funds | |||
| 2020f | 2020 | |||
| Rental income - farms | 71,080 | 71,080 | ||
| Grass Parks | 105,501 | 105,501 | ||
| Rental income - houses | 197,083 | 197,083 | ||
| Rental income - commercial | and wayleaves | 26,041 | 26,041 | |
| Rental income - office and equipment | 2,100 | 2,100 | ||
| Sundry income | 896 | 696 | ||
| Total 2020 | 402,501 | 402,501 | ||
| 4. | Investment income |
|||
| Unrestricted | Total | |||
| funds | funds | |||
| 2021f | 2021f | |||
| Investment income - interest |
1,314 | 1,314 |
| Unreslricted | Total |
|---|---|
| funds | funds |
| 2020 | 2020 |
| 572 | 572 |
| Unrestricted | Total | |||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2021 | 2021 | |||||
| Total costs | - Charitable | activities | 232,819 | 232,819 | ||
| Unrestricted | Total | |||||
| funds | funds | |||||
| 2020 | 2020 | |||||
| Total costs | - Charitable | activities | 283,907 | 283,907 | ||
| Summary | by expenditure | type | ||||
| Depreciatio | Total | |||||
| n | Other costs | funds | ||||
| 2021 | 2021 | 2021f | ||||
| Total costs | - Charitable | activities | 2,381 | 230,438 | 232,819 |
| Total | |||||||
|---|---|---|---|---|---|---|---|
| Depreciation | Other costs | funds | |||||
| 2020 | 2020f | 2020f | |||||
| Total | costs | - | Charitable | activities | 998 | 282,909 | 283,907 |
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total | ||
| directly | costs | funds | ||
| 2021 | 2021 | 2021 | ||
| 5 | E | |||
| Total costs - Charitable | activities | 104,126 | 128,693 | 232,819 |
| Activities | ||||
| undertaken | Support | Total | ||
| directly | costs | funds | ||
| 2020 9 |
2020f | 2020 5 |
||
| Total costs - Charitable | activities | 84,897 | 199,010 | 283,907 |
| Analysis ofdirect costs |
| Total | |||
|---|---|---|---|
| Activities | funds | ||
| 2021f | 2021 | ||
| Grass parks maintenance | 60,931 | 60,931 | |
| Property | maintenance | 43,195 | 43,195 |
| 104,126 | 104,126 |
| Analysis of | direct co | sts (continued) | ||
|---|---|---|---|---|
| Total | ||||
| Activities | funds | |||
| 2020f | 2020 | |||
| Grass parks | maintenance | 17,543 | 17,543 | |
| Woodlands maintenance |
1,550 | 1,550 | ||
| Property maintenance |
55,704 | 65,704 | ||
| 84,897 | 84,897 | |||
| Analysis of | support | costs | ||
| Total | ||||
| Activities | funds | |||
| 2021f | 2021f | |||
| Depreciation | 2,381 | 2,381 | ||
| Management | fees and | expenses | 61,309 | 61„309 |
| Legal and professional | fees | 14,722 | 14,722 | |
| Insurance | 14,430 | 14,430 | ||
| Heat and light | 639 | 639 | ||
| Stationery and sundry |
expenses | 5,140 | 5,140 | |
| Telephone | 1,318 | 1,318 | ||
| Rates and water | 851 | 851 | ||
| Irrecoverable | VAT | 19,584 | 19,584 | |
| Office repairs | and renewals | (44) | (44) | |
| Bad debt | (3,645) | (3,645) | ||
| Bank charges | 134 | 134 | ||
| Governance | costs | 11,874 | 11,874 | |
| 128,693 | 128,693 |
| Analysis of | support | costs (continued) | ||
|---|---|---|---|---|
| Total | ||||
| Activities | funds | |||
| 2020 | 2020 | |||
| E | E | |||
| Depreciation | 998 | 998 | ||
| Management | fees and | expenses | 64,905 | 64,905 |
| Legal and professional | fees | 44,012 | 44,012 | |
| Insurance | 15,175 | 15,175 | ||
| Heat and light | 1,144 | 1,144 | ||
| Stationery and sundry |
expenses | 6,243 | 6,243 | |
| Telephone | 1,371 | 1,371 | ||
| Rates and water | 396 | 396 | ||
| Irrecoverable | VAT | 32,215 | 32,215 | |
| Office repairs | and renewals | 99 | 99 | |
| Bank charges | 5,492 | 5,492 | ||
| Loan interest | payable | 15,820 | 15,820 | |
| Governance | costs | 11,140 | 11,140 | |
| 199,010 | 199,010 |
| Freehold | Plant and | Other fixed | ||
|---|---|---|---|---|
| property | machinery | assets | Total | |
| 6 | 6 | |||
| Cost or valuation | ||||
| At 1 April 2020 | 1,797,600 | 15,811 | 3,724 | 1,817,135 |
| Additions | 3,338 | 3,338 | ||
| At 31 March 2021 | 1,797,600 | 19,149 | 3,724 | 1,820,473 |
| Depreciation | ||||
| At 1 April 2020 | 9,625 | 9,625 | ||
| Charge for the year | 2,381 | 2,381 | ||
| At 31 March 2021 | 12,006 | 12,006 | ||
| Net book value | ||||
| At 31 March 2021 | 1,797,600 | 7,143 | 3,724 | 1,808,467 |
| At31March 2020 | 1,797,500 | 6,186 | 3,724 | 1,807,510 |
| Freehold | |
|---|---|
| investment | |
| property | |
| Valuation | |
| At 1 April 2020 | 11,902,400 |
| Surplus on revaluation | 450,000 |
| At 31 March 2021 | 12,352,400 |
| 2021f | 2020f | ||
|---|---|---|---|
| Due within one year | |||
| Trade debtors | 11,349 | 34,581 | |
| Other debtors | 10,026 | 708 | |
| Prepayments | and accrued income | 3,543 | 22,548 |
| 24,918 | 57,937 |
| 2021 f. |
2020f | |||||
|---|---|---|---|---|---|---|
| Trade creditors | 55,431 | 25,754 | ||||
| Accruals and deferred | income | 22,830 | 30,755 | |||
| 78,261 | 55,509 | |||||
| 13. | Financial instruments | |||||
| 2021f | 2020 | |||||
| Financial assets | ||||||
| Financial assets measured | at fair value through | income and expenditure | 1,066,398 | 842,525 |
| Statement | offunds - current | year | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at 1 | Gains/ | 31 March | ||||
| April 2020 | Income 5 |
Expenditure F |
(Losses) f |
2021 5 |
||
| Unrestricted | funds | |||||
| General Funds - all funds | 1,833,506 | 402,878 | (232,819) | 2,003,565 | ||
| Endowment | funds | |||||
| Endowment | Funds - all funds | 12,720,357 | 450,000 | 13,170,357 | ||
| Total offunds | 14,553,863 | 402,878 | (232,819) | 450,000 | 15,173,922 |
| Statement |
offunds - prior yea |
r | |||||
|---|---|---|---|---|---|---|---|
| Balance at | |||||||
| Balance at | Gainer | 31March | |||||
| 1April 2019f | Income f |
Expenditure | f | (Losses) | 2020f | ||
| Unrestricted | funds | ||||||
| General Funds - all funds | 1,714,340 | 403,073 | (283,907) | 1,833,506 | |||
| Endowment | funds | ||||||
| Endowment | Funds - all funds | 12,675,053 | 45,304 | 12,720,357 | |||
| Total offunds | 14,389,393 | (283,907) | 45,304 | 14,553,863 |
| Summary | offunds | - current ye | ar | |||||
|---|---|---|---|---|---|---|---|---|
| Balance at | ||||||||
| Balance at 1 | Gains/ | 31 INarch | ||||||
| April 2020 | Income f |
Expenditure | f | (Losses)f | 2021 | |||
| General funds | 1,833,506 | 402,878 | (232,819) | 2,003,565 | ||||
| Endowment | funds | 12,720,357 | 450,000 | 13,170,357 | ||||
| 14,553,863 | 402,878 | (232,819) | 450,000 | 15,173,922 | ||||
| Summary | offunds | -prior year | ||||||
| Balance al | ||||||||
| Balance at | Gaina' | 31March | ||||||
| 1 April 2019f | Income | Expenditure | (Losses) | 2020f | ||||
| General funds | 1,714,340 | 403,073 | (283,907) | 1,833,506 | ||||
| Endowment | funds | 12,675,053 | 45,304 | 12,720,357 | ||||
| 14,389,393 | 403,073 | (283,907) | 45,304 | 14,553,863 |
| Analysis | of net assets between funds - cur | rent year | ||
|---|---|---|---|---|
| Endowment | Unrestricted | Total | ||
| funds | funds | funds | ||
| 2021 | 2021 | 2021 | ||
| 6 | ||||
| Tangible fixed assets | 1,526,297 | 282,170 | 1,808,467 | |
| Investment | property | 11,644,060 | 708,340 | 12,352,400 |
| Current assets | 1,091,316 | 1,091,316 | ||
| Creditors | due within one year | (78,261) | (78,261) | |
| Total | 13,170,357 | 2,003,565 | 15,173,922 |
| Analysis | ofnet assets between funds - prio | r year | ||
|---|---|---|---|---|
| Endowment | Unrestricted | Total | ||
| funds | funds | funds | ||
| 2020 | 2020 | 2020 | ||
| E | ||||
| Tangible fixed assets | 1,526,297 | 281,213 | 1,807,510 | |
| Investment | property | 11,194,060 | 708,340 | 11,902,400 |
| Current assets | 900,462 | 900,462 | ||
| Creditors | due within one year | (56,509) | (56,509) | |
| 12,720,357 | 1,833,506 | 14,553,863 |