##
##
##
##
||||||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|
##