2022-12-31-accounts - Kiplin Hall CIO

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees			Mrs SPelham
			Mrs K Knight
			Ms C LC Osorio
			Ms LCrossley
			Mrs H AWade
			Mr PW Parry
			Ms CA DAtkinson		(Appointed	22 June 2023)
			Ms SJWilliamson		(Appointed	22 June 2023)
			Ms V M RThomas		(Appointed	22 June 2023)
Secretary			Mr JA Fife
Charity	number		1155907
Auditor			Xeinadin Audit Limited
			1 City Road East
			Manchester
			M15 4PN
Bankers			Coutts &Co
			St Marlins Oflice
			440 Strand
			London
			WC2R OQS
			Bardays Bank Pic
			193High Street
			Northallerton
			North Yorkshire
			DL7 8LJ
Solicitors			Wrigleys Solicitors LLP
			3rd Floor
			3Wellington Place
			LEEDS
			LS14AP
Investment		advisom	Rathbone Investment	Management
			8 Finsbury Circus
			London
			EC2M 7AZ

		Page
Trustees' report		1-6
Statement ofTrustees'	responsibilities
Independent auditor's	report	8 - 11
Statement offlnandal	activities	12-13
Balance sheet		14
Statement ofcash flows		15
Notes to the Rnandal	statements	16-34

Current financial year	Current financial year	Current financial year
			Unrestricted Unrestricted		Restricted	Endowment	Total	Total
			funds	funds	funds	funds
			general	designated
			2022	2022	2022	2022	2022	2021
		Notes	6	6	6	6	6	6
Donations, legacies and
core grants			25,980		4,000		29,980	173,658
Charitable activities			316,115		187,672		503,787	290,945
Trading activities			12,980				12,980	8,992
Investments			86,156		13,751		99,907	94,607
Other income			12,645				12,645
Total income			453,876		205,423		659,299	568,202
Raising funds		7	10,631			780	11,411	10,776
Charitable activities		8	583,908	21,984	25,836		631,728	514,051
Other			26,806				26,806
Total resources	expended		621,345	21,984	25,836	780	669,945	524,827
Net gains/gasses)		on
investments		12	(528,672)			(51,818)	(580,490)	538,884
Nst (outgoing)/incoming
resources before		transfers	(696,141)	(21,984)	179,587	(52,598)	(591,136)	582,259
Gross transfers	between
funds			31,968	(27,516)	(4,452)
Net movement	in	funds	(664,173)	(49,500)	175,135	(52,598)	(591,136)	582,259
Fund balances at 1 January
2022			7,129,849	213,202	690,401	423,044	8,456,496	7,874,237
Fund balances	at	31
December 2022			6,465,676	163,702	865,536	370,446	7,865,360	8,456,496

Prior financial year	Prior financial year	Prior financial year
						Unrestricted	Unrestricted	Restricted	Endowment	Total
						funds	funds	funds	funds
						general	designated
					Notes	2021f	2021 E	2021 E	2021 E	2021f
Inco
Donations, legacies and			core grants			41,094	124,264	8,300		173,658
Charitable activities						262,642		28,303		290,945
Trading activities						8,992				8,992
investments						82,884		11,923		94,807
Total income						395,412	124,264	48,526		568,202
Raising funds						9,990			786	10,776
Charitable activities					8	4B4,643	5,144	44,264		514,051
Total resources	expended					474,633	5,144	44,264	786	524,827
Net gains/(losses)		on investments			12	492,302			46,582	538,884
Net (outgoing)/incoming				resources before
transfers						413,081	119,120	4,262	45,796	582,259
Gross transfers	between		funds			52,714	(1,146)	(51,568)
Net movement	in	funds				465,795	117,974	(47,306)	45,796	582,259
Fund balances at 1 January				2021		6,664,054	95,228	737,707	377,248	7,874,237
Fund balances	at	31 December 2021				7,129,849	213,202	690,401	423,044	8,456,496

			2022		2021
		Notes	5		5
Fixed assets
Tangible assets		14		1,075,545		1,057,768
Heritage assets		15		2,462,000		2,462,000
Investments		16		4,132,029		4,791,869
				7,669,574		8,311,637
Current assets
Stocks		17			1,140
Debtors		18	197,206		62,435
Cash st bank and in	hand		127,717		119,214
			324,923		182,789
Creditors: amounts	falling due within
one year		20	(78,711)		(37,930)
Net current assets				246,212		144,859
Total assets has current liabilities				7,915,788		8,456,498
Creditors: amounts	falling due after
more than one year		21		(50,426)
Net assets				7,865,360		8,456,496
Capital funds
Endowment funds				370,446		423,044
Income funds
Restricted funds		22		865,536		690,401
Vittfia(09(fiflfundfi
Designated funds		23	163,702		211,202
General unrestricted	funds		6,465,676		7,131,849
				6,629,378		7,343,051
				7,865,360		8,456,496

					2022		2021
				Notes	f		6
Cash flows from operating		activities
Cash absorbed by operations				26		(152,495)		(126,416)
Investing	activities
Purchase	oftangible fixed assets				(102,185)		(217,520)
Proceeds	on disposal of investments				79,350		230,303
investment	income received				99,907		94,607
Net cash	generated from Investing
activities						77,072		107,390
Financing	activities
Proceeds	from borrowlngs				100,500
Repayment	ofborrowings				(16,574)
Net cash	generated from/(used		In)
financing	activities					83,926
Net increase/(decrease) in		cash	and	cash
equivalents						8,503		(19,026)
Cash and	cash equivalents at beginning			ofyear		119,214		138,240
Cash and	cash equivalents	at end of		year		127,717		119,214

Building and grounds	improvements	2'A-10'k straight line basis
Tools and equipment		25% reducing balance basis
Chattels		2'k straight line basis
Computers		2556 straight line basis
Central heating / solar	project	5% straight line basis

			Unrestricted	Restricted	Total	Unrestricted	Unrestricted	Restricted	Total
			funds	funds		funds	funds	funds
			general			general	designated
			2022 6	2022 6	2022 F	2021f	2021 6	2021 6	2021 F
Donations	and gifts		23,313	4,000	27,313	20,782	7,072	8,300	36,154
Legacies receivable							117,192		117,192
Government	COVID support	grants	2,667		2,667	20,312			20,312
			25,980	4,000	29,980	41,094	124,264	8,300	173,658
Donations	and gifts
General donations			2,111		2,111	418			418
Gift Aid receivable			19,267		19,267	19,910			19,910
Friends donations			1,935	4,000	5,935	454		2,300	2,754
Other restricted/ designated		donations					7,072	6,000	13,072
			23,313	4,000	27,313	20,782	7,072	8,300

			House	Quany Rents	Rents	Project Grants	Project Grants	Total	Total
			Admissions			0	Renewable	2022	2021
						Heat Incentive
							Scheme
			2022	2022	2022		2022
			2	2	2		2
Income from
charitable	activities		174,342	20,000	97,239		212,206	503,787	290,945
Analysis	by	fund
Unresbicted		funds-
general			174,342	20,000	97,239		24,534	316,115	262,642
Restricted	funds						187,672	187,672	28,303
			174,342	20,000	97,239		212,206	503,787	290,945

			House	Quarry	Rents	Project Grants	Total
			Admissions			a Renewable	2021
						Heatlncentlve
						Scheme
					2
Income from charitable		activities	130,367	20,000	90,931	49,647	290,945
Analysis by fund
Unresbicted funds	- general		130,367	20,000	90,931	21,344	262,642
Restricted funds						28,303	28,303
			130,367	20,000	90,931	49,647	290,945
Trading activities
						Unrestricted	Unrestricted
						funds	funds
						general	general
						2022	2021
						6	6
Sale ofguidebooks	and	garden produce				12,980	8,992

Unrestricted	Unrestricted
funds	funds
general	general
2022	2021
6	6
12,980	8,992

	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	general			general
	2022	2022		2021	2021	2021
	6	6		6	6	6
Income from listed
investments	85,564	13,751	99,315	81,974	11,923	93,897
Interest receivable	592		592	710		710
		13,751	99,907	82,684	11,923	94,607

Unrestricted	Total
funds
general
2022 6	2021f
12,645

Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
funds	funds		funds	funds
general			general
2022	2022	2022	2021	2021	2021
6	6		6	6
1,550		1,550	1,576		1,576
1,140		1,140
7,941	780	8,721	8,414	786	9,200
10,631	780	11,411	9,990	786	10,776

				Operational	Property	Project	Total	Operational	Property	Project	Total
				costs	COStS	Costs	2022	costs	costs	Costs	2021
				2022 6	2022 6	2022f		2021 8	2021 6	2021 6
Staff costs				165,682		13,194	178,876	166,582		5,603	172,185
Depreciation and impairment				129	52,623	3,300	56,052	144	52,468	6,118	58,730
Sundry costs				12,461			12,461	6,781			6,781
Printing, postage, stationery			and computer costs	6,960			6,960	8,468			8,468
Advertising and publicity costs				33,400			33,400	27,551			27,551
Telephone costs				3,360			3,360	3,078			3,078
Visitor services costs				14,670			14,670	17,528			17,528
Managing agent fees				22,867			22,867	23,948			23,948
Other professional	fees			7,410			7,410	602			602
Bank charges				5,041			5,041	1,428			1,428
Let property costs					16,357		16,357		17,928		17,928
Hall and estate costs					75,152		75,152		75,214		75,214
Garden and woodland		costs			55,467		55,467		47,682		47,682
Other project costs						103,377	103,377			32,543	32,543
Accountancy fees				24,410			24,410	19,378			19,378
Volunteer expenses				15,868			15,868	1,007			1,007
				312,258	199,599	119,871	631,728	276,495	193,292		514,051
Analysis by fund
Unrestricted funds	- general			312,129	177,744	94,035	583,908	276,351	188,292		464,643
Unrestricted funds	- designated			129	21,855		21,984	144	5,000		5,144
Restricted funds						25,836	25,836			44,264	44,264
				312,258	199,599	119,871	631,728	276,495	193,292	44,264	514,051

			2022	2021
			Number	Number
Hall			5	5
Estate and grounds		(inc. part time)	16	12
Total			21	17
Employment	costs		2022	2021
			E	E
Wages and	salaries		165,864	158,792
Social security costs			9,645	10,098
Other pension costs			3,367	3,297
			178,876	172,185

							Unrestricted	Total
							funds
							general	5
							2022	2021
Net	loss	on	disposal	oftangible	fixed	assets	26,806
							26,806

Net gains/(	loss	es)	on i	nvestments
				Unrestricted	Endowment	Total Unrestricted		Endowment	Total
				funds	funds		funds	funds
				general			general
				2022	2022	2022	2021	2021	2021
				f	f	f	f	f	f
Revaluation	of
investments				(526,727)	(51,629)	(578,356)	491,060	46,463	537,523
Gain/goes)	on	sale	of
investments				(1,945)	(189)	(2,134)	1,242	119	1,361
				(528,672)	(51,818)	(580,490)	492,302	46,582	538,884

Tangible fix	ed assets
			Bulldlnp and	Tools snd	Chattels	Computers		Central	Total
			grounds	equipment			beating	/ sohtr
			Improvements f.		f	f		pro)eot f	f
Cost
At 1 January	2022		846,342	125,398	33,993	28,949	667,999		1,502,681
Additions			96,140	2,714		1,390		1,941	102,185
Disposals			(26,808)						(26,806)
At 31 December 2022			715,676	128,112	33,993	30,339	869,940		1,578,060
Depreciation	and
impairment
At 1 January	2022		114,756	81,519	6,527	25,873	216,238		444,913
Depreciation	charged	in the
year			16,551	11,158	750	1,550		27,593	57,602
At 31 December 2022			131,307	92,677	7,277	27,423	243,831		502,515
Carrying amount
At 31 December 2022			584,369	35,435	26,716	2,916	426,109		1,075,545
At 31 December 2021			531,586	43,878	27,466	3,077	451,761		1,057,768

Fixed asset Investments
	Lbrted	Cash in	Total
	investments	porffollo
	E
Cost or valuation
At 1 January 2022	4,777,514	14,355	4,791,869
Additions		4,591	4,591
Valuation changes	(578,356)		(578,358)
Dlsposals	(86,075)		(86,075)
At 31 December 2022	4,113,083	18,946	4,132,029
Canylng amount
At 31 December 2022	4,113,083	18,946	4,132,029
At 31 December 2021	4,777,514	14,355	4,791,869

Stocks
				2022	2021
				E	E
Finished	goods and goods for resale				1,140
Debtors
				2022	2021
Amounts	falling dus within		one year.	E	E
Amounts	owed by subsidiary		undertakings	15,113	28,935
Other debtors				28,553	15,786
Prepayments		and accrued income		153,540	17,714
				197,206	62,435

Loans and overdrafts
	2022	2021
	E	E
Other loans	83,926
Payabie within one year	33,500
Payable after one year	50,426

20	Creditors: amounts	falling due within one year
			2022	2021
			6	6
	Borrowing s		33,500
	Other taxation and social security		1,689	5,836
	Trade creditors		3,447	1,360
	Other creditors		4,333	249
	Accruats and deferred	income	35,742	30,485
			78,711	37,930
21	Creditors: amounts	falling due after more than one year
			2022	2021
				f
	Borrowing s		50,426

						Movement	Movement	in funds			Movement	Movement	in funds
				Balance et		Incoming	Resources		Transfers	Balance at	Incoming	Resources		Transfers	Balance at
				1January	2021	resources	expended		1	January 2022	resources	expended			31Decemtxrr
															2022
															6
HLF: Kiplin in times	ofwar				432			(88)					(66)		278
HLF:Archaeology project					1,061			(229)		832			(171)		661
Yorventure: Bog garden					7,541			(189)		7,352			(185)		7,167
Yorventure: Playship					4,197			(1,979)		2,218			(1,766)		452
HLF:Ayear in transition					2,521			(2,521)
Apple Orchard					1,166					1,166				(1,166)
Chris Crow Oak					2,021					2,021				(2,021)
Yorventure: Kiplin Beck and Richmond			Drive
Walk				18,908				(1,112)		17,796			(1,112)		16,684
3D virtual tour					86					86
Welcome Centre											51,500			(51,500)
NLHF: Klplin 400											138,150		(6,446)	37,000	168,704
Annie Marchant Collection				696,910		12,923	(10,378)		(40,869)	658,586	13,751	(14,068)		13,235	671,504
COVID-19 Heritage	Emergency	Fund			2,864			(2,965)	101
Historic England: Roof Grant						18,900	(18,900)
Kickstart Funding						5,603		(5,603)			2,022		(2,022)
HDC: Garden Project						3,800			(3,800)
CWands donation:	Garden Project					5,000			(5,000)
Friends donation: Garden Project						2,000			(2,000)
				737,707		48,226	(43,964)		(51,568)	690,401	205,423		(25,836)	(4,452)	865,536

				Movement	Movement	in funds
			Balance at	Incomlna	Resources		Transfers	Balance at	Resources	Transfers	Balance at
			1January 2021	msources	expended		1	January 2022	expended		31December
											2022
										f	f
Woodlands		project	8,918			(144)		8,774	(129)		8,645
Plant site	restoration		86,310					86,310			86,310
Gardens	Project			117,192		(5,000)	(3,146)	111,046	(21,855)	(27,516)	61,675
Ark &Dove				7,072				7,072			7,072
			95,228	124,264		(5,144)	(3,146)	213,202	(21,984)	(27,516)	163,702

Analysis o	f net assets be	tween funds
		Unrestricted	Designated	Restricted	Endowment	Total Unrestricted		Designated	Restricted	Endowment	Total
		funds	funds	funds	funds		funds	funds	funds	funds
		2022	2022	2022	2022	2022	2021	2021	2021	2021	2021
		6	6	F				6	f	6	6
Fund balances at 31
December	2022 are
represented	by:
Tangible assets		1,045,190	5,239	25,116		1,075,545	1,023,985	5,368	28,415		1,057,768
Heritage assets		2,462,000				2,462,000	2,462,000				2,462,000
Investments		3,075,273	86,310	600,000	370,446	4,132,029	3,682,515	86,310	600,000	423,044	4,791,869
Current assets/(liabilities)		(66,361)	72,153	240,420		246,212	(38,651)	121,524	61,986		144,859
Long term	liabilities	(50,426)				(50,426)
		6,465,676	163,702	865,536	370,446	7,865,360	7,129,849	213,202	690,401	423,044	8,456,496

	Transactions with retated parties
	During the year Kiplin Hall CIO received	rent from its		trading		subsidiary			Kiplin		Hall Trading CIC in the sum of
	E3,000 (2021 - E1,000). During the year	Kiplin Hall CIO received services from									Kiplin Hall Trading CIC to the
	value off2,450 (2021 - E787). During the the year Kiplin Hall CIO incurred expenses in the sum ofE89,864 (2021 - E70,173)on behalf of Kiplin Hall Trading CIC. Repayments in the year amounted to E104,764(2021-
	E68,819).Interest of E528 (2021; E706)	was charged		during			the year.		At the year end, there			was a balance
	owing from Kiplin Hall Trading CIC in the	sum ofF15,113(2021:E28,935).
26	Cash generated from operations										2022	2021
											E	E
	(Deficit)/surpus for the year										(591,136)	582,259
	Adjustments for.
	Investment income recognised in statement		offinancial	activities							(99,907)	(94,607)
	Loss on disposal oftangible fixed assets										26,806
	Loss/(gain) on disposal ofinvestments										2,134	(1,361)
	Fair value gains and losses on investments										578,356	(537,523)
	Depreciation and impairment oftangible	fixed assets									57,602	60,306
	Movements in working capital:
	Decrease in stocks										1,140
	(Increase) in debtors										(134,771)	(18,359)
	Increase/(decrease) in creditors										7,281	(117,131)
	Cash absorbed by operations										(152,495)	(126,416)
27	Analysis ofchanges in net funds
			At	1January				Cash flowsAcqutsttlons and				At 31 December
					2022						dieposele	2022
						E				E	E	E
	Cash at bank and in hand			119,214					8,503			127,717
	Loans falling due within one year								67,000		(100,500)	(33,500)
	Loans falling due after more than one year								(50,426)			(50,426)
				119,214					25,077		(100,500)	43,791