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||||Page|
|---|---|---|---|
|Reference and Administrative||Details ofthe Charity, its Trustees and Advisers||
|Trustees'<br>Report|||2-7|
|Trustees'<br>Responsibilities<br>Statement||||
|independent<br>Auditor's|Report|on the Financial Statements||
|Statement ofFinancial|Activities||13|
|Balance Sheet|||14|
|Statement of Cash Flows|||15|
|Notes to the Financial|Statements||16-33|





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|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2021|2021|2020|
||||Note||||
|Income from:|||||||
|Donations<br>and|legacies|||66,917|66,917|3,015,291|
|Charitable<br>activities||||212,978|212,978|204,014|
|investments||||876,099|876,099|700,370|
|Other income||||4,331|4,331|8,530|
|Total income||||1,160,325|1,160,325|3,928,205|
|Expenditure<br>on:|||||||
|Raising funds||||362,841|362,841|220,894|
|Charitable<br>activities||||721,253|721,253|867,076|
|Total expenditure||||1,084,094|1,084,094|1,087,970|
|Net gains on investments||||9,380,062|9,380,062|570,652|
|Net income||||9,456,293|9,456,293|3,410,887|
|Reconciliation|offunds:||||||
|Total funds brought||forward||30,845,292|30,845,292|27,434,405|
|Net movement|in funds|||9,456,293|9,456,293|3,410,887|
|Total funds carried||forward||40,301,585|40,301,585|30,845,292|





## 

||||BALANCE SHEET|BALANCE SHEET|||
|---|---|---|---|---|---|---|
||||AS AT 30SEPTEMBER2021||||
|||||2021||2020|
||||Note||||
|Fixed assets|||||||
|Tangible assets|||12|121,644||152,884|
|Heritage assets|||14|3,006,'I16||2,642,470|
|Investments|||15|8,517,004||7,223,339|
|Investment<br>property|||13|27,984,764||20,022,100|
|||||39,629,418||30,040,793|
|Current assets|||||||
|Debtors||||183,235|239,722||
|Cash at bank and||in hand||745„581|884,292||
|||||928,816|1,124,014||
|Creditors;<br>amounts||falling due within one|||||
|year|||17|(266,649)|(3/9,515)||
|Net current assets||||672,167||804,499|
|Total net assets||||40,301,585||30,845,292|
|Charity funds|||||||
|Unrestricted<br>funds|||||||
|Designated<br>funds|||18|3,000,000|2,433,667||
|General funds|||18|37,301,585|28,411,625||
|Total unrestricted|funds||18|40,301,585||30,845,292|
|Total funds||||40,301,685||30,845,292|





## 

||||2021|2020|
|---|---|---|---|---|
|Cash flows from operating<br>activities|||||
|Net cash used<br>in operating<br>activities (Note||20)|(344,770)|(494,346)|
|Cash flows from investing<br>activities|||||
|Proceeds from sale of investments|||2,237,003|868,426|
|Additions<br>to tangible fixed assets||||(f,317)|
|Additions<br>to heritage assets|||(441,949)|(304,249)|
|Additions<br>to investments|||(2,113,260)|(666,797)|
|Surplus<br>from investing<br>activities|||524,265|479,476|
|Net cash from investing<br>activities|||206,059|375,539|
|Change<br>in cash and cash equivalents|in|the year|(138,711)|(118,807)|
|Cash and cash equivalents<br>at the beginning||ofthe year|884,292|'/,003,099|
|Cash and cash equivalents<br>at the end|of|the year|745,581|884,292|
|The notes on pages 16to 33form part ofthese financial statements|||||





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|4.|Income|from donations|from donations|and legacies|||
|---|---|---|---|---|---|---|
||||||Unrestricted|Total|
||||||funds|funds|
||||||2021|2021|
||Legacies||||66,917|66,917|
||||||Unrestricted|Total|
||||||funds|funds|
||||||2020|2020|
||Donations||||3,015,291|3,015,291|
|5.|Income from charitable|||activities|||
||||||Unrestricted|Total|
||||||funds|funds|
||||||2021|2021|
|||||||F|
||House admissions||and tearoom income||71,133|71,133|
||Public benefit||||133,269|133,269|
||Woodland|income|||8,576|8,576|
||||||212,978|212,978|
||||||Unrestricted|Total|
||||||funds|funds|
||||||2020|2020|
||House admissions||and tearoom income||38,231|38,231|
||Public benefit||||150,696|150,696|
||Woodland|income|||15,087|15,087|
||||||204,014|204,014|





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||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2021|2021|
||||E|F|
||Rental income||768, 'I 62|768,162|
||Investment|income|107,937|107,937|
||||876,099|876,099|
||||Unrestricted|Total|
||||funds|funds|
||||2020|2020|
||Rental income||528,182|526,182|
||Investment|income|174,188|174,188|
||||700,370|700,370|
|7.|Cost ofraising funds||||
||||Unrestricted|Total|
||||funds|funds|
||||2021|2021|
|||||E|
||Investment|advice|58,700|68,700|
||Property costs||304,141|304,141|
||||362,841|362,841|





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|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2020|2020|
|Investment|advice|24,460|24,460|
|Property costs||196,434|f96,434|
|||220,894|220,894|



## 

|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2021|2021|
|||||f.|E|
|Estate|costs|||316,942|316,942|
|Titsey|Place|and|Garden|404,311|404,311|
|||||721,253|721,253|
|||||Unrestricted|Total|
|||||funds|funds|
|||||2020|2020|
|Estate|costs|||402,404|402,404|
|Titsey|Place|and|Garden|464,672|464,672|
|||||867,076|867,076|





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|||||Activities|||
|---|---|---|---|---|---|---|
|||||undertaken|Support|Total|
|||||directly|costs|funds|
|||||2021|2021|2021|
|||||||E|
|Estate|costs|||305,492|11,450|316,942|
|Titsey|Place|and|Garden|392,861|11,450|404,311|
|||||698,353|22,900|721,253|
|||||Activities|||
|||||undejtal&en|Support|Total|
|||||directly|costs|funds|
|||||2020|2020|2020|
|Estate|costs|||390,744|'l1,660|402,404|
|Titsey|Place|and|Garden|453,011|11,661|464,672|
|||||843,755|23,321|867,076|





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||||||Titsey Place|Total|
|---|---|---|---|---|---|---|
|||||Estate costs|and Garden|funds|
|||||2021|2021|2021|
|||||K|f.|E|
|Staff costs including||tea|room||195,795|195,795|
|Depreciation||||41,747|4,975|46,722|
|Professional|fees|||36,190|20,472|56,662|
|Property account expenditure||||22,604|48,980|71,584|
|Titsey Place|and garden||expenditure||8,990|8,990|
|Utilities||||11,661|22,050|33,711|
|Insurance||||28,098|28,383|56,481|
|Titsey Church|expenses|||1,071||1,071|
|Tree surgery||||11,732||11,732|
|Irrecoverable|VAT|||107,260||107,260|
|Sundry expenses||||48,873|28,753|77,626|
|Advertising|||||13,925|13,925|
|Tea room expenses|||||14,752|14,752|
|Rates|||||4,515|4,515|
|Bad debts||||(3,744)||(3,744}|
|Loss / (profit)|on disposal||ofassets||1,271|1,271|
|||||305,492|392,861|698,353|





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|Analysis o|fdirect|cost|s (continued)||||
|---|---|---|---|---|---|---|
||||||Titsey Place|Total|
|||||Estate costs|and Garden|funds|
|||||2020|2020|2020|
|Staffcosts including||tea|room||212,422|212,422|
|Depreciation||||42,686|7,622|50,308|
|Professional|fees|||35,447|30,693|66,140|
|Property account expenditure||||64,376|59,940|124,316|
|Titsey Place|and garden||expenditure||8,589|8,589|
|Utilities||||1,214|18,'l00|19,314|
|Insurance||||28,956|22,351|51,307|
|Titsey Church expenses||||10,082||10,082|
|Tree surgery||||76,719||76,719|
|Irrecoverable|VAT|||105,643||105,643|
|Sundry expenses||||12,769|57,192|69,961|
|Advertising|||||14,549|14,549|
|Tea room expenses|||||17,184|17,184|
|Rates||||5,172|4,369|9,541|
|Bad debts||||7,680||7,680|
|||||390,744|453,011|843,755|
|Analysis of|support|costs|||||
||||||Titsey Place|Total|
|||||Estate costs|and Garden|funds|
|||||2021|2021|2021|
|||||F|||
|Governance|costs|||11,450|11,450|22,900|
||||||Tltsey Place|Total|
|||||Estate costs|and Garden|funds|
|||||2020|2020|2020|
|Governance|costs|||11,660|11,661|23,321|





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||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||F||
|This is stated after charging:|||||||||
|Depreciation|oftangible|fixed assets - owned||||by the Charity|30,069|39,434|
|Depreciation|of heritage assets - owned|||by|the Charity||16,653|10,875|
|Auditor's<br>remuneration||-accounting|services||||1„800|1,800|
|Auditor's<br>remuneration||-audit|||||21,775|19,825|
|Staff costs|||||||||
||||||||2021|2020|
|Wages and|salaries||||||175,188|188,915|
|Social security costs|||||||16,704|19,455|
|Contribution|to defined|contribution|pension||schemes||3,903|4,052|
||||||||195,795|212,422|
|The average|number ofpersons employed||||by|the Charity during|the year was as follows:||
||||||||2021|2020|
||||||||No.|No.|
|Estate staff|||||||10|10|



## 



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## 

||||Plant<br>8~|||
|---|---|---|---|---|---|
||||machinery|Office||
|||Improvements|and vehicles|equipment|Total|
||||E||E|
||Cost|||||
||At 1 October 2020|2,236,598|193,252|3,872|2,433,722|
||Disposals|(1,271)|||(1,271)|
||At 30September 2021|2,235,327|193,252|3,872|2,432,451|
||Depreciation|||||
||At I October 2020|2,100,665|176,301|3,872|2,280,838|
||Charge for the year|25,093|4,976||30,069|
||At 30September 2021|2,125,758|181,277|3,872|2,310,907|
||Net book value|||||
||At 30September 2021|109,569|11,975||121,544|
||At30September 2020|135,933|16,951||152,884|
|13.|Investment<br>property|||||



||Freehold|
|---|---|
||investment|
||property|
||E|
|Valuation||
|At 1 October 2020|20,022,100|
|Surplus<br>on revaluation|7,962,654|
|At 30September 2021|27,984,754|





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|||||Land and|||
|---|---|---|---|---|---|---|
||||Improvements|buildings|Contents|Total|
||||2021|2021|2021|2021|
||||F||E||
||Carrying<br>value||||||
||at 1 October 2020||1,311,950|450,557|879,963|2,642,470|
||Additions||380,299|||380,299|
||Depreciation||(16,653)|||(16,653)|
||At 30September 2021||1,675,596|450,557|879,963|3,006,116|
||Analysis ofheritage asset|transactions|||||
|||2021|2020|2019|2018|2017|
|||F|E||||
||Additions|380,299|365,809|12,522|28,772|275,870|
|15.|Fixed asset investments||||||
|||||||Listed|
||||||investments||
|||||||E|
||Market value||||||
||At 1 October 2020|||||7,223,339|
||Additions|||||2,113,260|
||Disposals||||(1,982,637)||
||Revaluations|||||1,163,042|
||At 30September 2021|||||8,517,004|
||Net book value||||||
||At 30 September 2021|||||8,517,004|
||At 30September 2020|||||7,223,339|





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|Fixed asset investments<br>(continued)|||
|---|---|---|
||2021|2020|
||E||
|Analysis ofinvestments|||
|Equities|7,665,562|6,333,281|
|Bonds|128,120|188,424|
|Alternatives|723 322|701,634|
|Total|8,517,004|7,223,339|



## 

|Debtors||||
|---|---|---|---|
|||2021|2020|
|Due within one year||||
|Trade debtors||106,582|152,529|
|Other debtors||18,747|15,807|
|Prepayments|and accrued income|57,906|71,386|
|||183,235|239,722|



## 

|Creditors: Amounts<br>falling due within<br>one year|||
|---|---|---|
||2021|2020f|
|Trade creditors|60,651|147,750|
|Other taxation and social security|24,552|25,638|
|Other creditors|13,798|8,588|
|Accruals and deferred income|157,648|137,539|
||256,649|319,515|





## 

||||NOTES TO THE FINANCIAL STATEMENTS|NOTES TO THE FINANCIAL STATEMENTS|NOTES TO THE FINANCIAL STATEMENTS|NOTES TO THE FINANCIAL STATEMENTS|NOTES TO THE FINANCIAL STATEMENTS|||
|---|---|---|---|---|---|---|---|---|---|
||||FOR|THE|YEAR ENDED 30SEPTEMBER 2021|||||
|18.|Statement offunds|||||||||
||Statement offunds||-current|year||||||
||||||||||Balance at|
|||Balance at 1|||||||30|
||||October||||Transfers|Gains/|September|
||||2020||Income|Expenditure|in/out|(Losses)|2021|
||||||E|F|F|E|E|
||Unrestricted|||||||||
||funds|||||||||
||Designated|||||||||
||funds|||||||||
||Lease|||||||||
||replacement|||||||||
||reserve|1,483,667|||||16,333||1,500,000|
||Repairs|and||||||||
||improvement|||||||||
||reserve||650,000||||350,000||1,000,000|
||Soft furnishings|||||||||
||renewal|reserve|300,000||||200,000||500,000|
|||2,433,667|||||566,333||3,000,000|
||General|funds||||||||
||Reserves|28,411,625||1,160,325||(1,084,094)|(566,333)|9,380,062|37,301,585|
||Total|||||||||
||Unrestricted|||||||||
||funds|30,845,292||1,160,325||(1,084,094)||9,380,062|40,301,585|





## 

|18.|Statement|offunds (continued)|offunds (continued)|offunds (continued)||||||
|---|---|---|---|---|---|---|---|---|---|
||Statement|offunds - prior year||||||||
||||||||||Balance al|
||||||Balance at||||30|
||||||1 October|||Gains'|Sepfember|
||||||2019|Income|Expendifure|(Losses)|2020|
||Unrestricted||funds|||||||
||Designated|funds||||||||
||Lease replacement|||reserve|1,483,667||||/,483,667|
||Repairs and|improvement||||||||
||reserve||||650,000||||650,000|
||Soft furnishings||renewal|||||||
||reserve||||300,000||||300,000|
||||||2,433,667||||2,433,667|
||General funds|||||||||
||Reserves||||25,000,738|3,928,205|(1,087,970)|570,652|28,411,625|
||Total Unrestricted|||funds|27,434,405|3,928,205|(1,087,970)|5?0,652|30,845,292|





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|Summary|offunds|offunds||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Summary|offunds||- current||year|||||||
||||||||||||Balance at|
|||Balance at|||1||||||30|
||||October||||||Transfers|Gains/|September|
||||2020|||Income||Expenditure|in/out|(Losses)|2021|
||||||E||F|F|E|F||
|Designated||||||||||||
|funds|||2,433,667||||||566,333||3,000,000|
|General<br>funds||28,411,625||||1,160,325||(1,084,094)|(566,333)|9,380,062|37,301,585|
|||30,845,292||||1,160,325||(1,084,094)||9,380,062|40,301,585|
|Summary|offunds||- prior year|||||||||
||||||||||||Balance at|
|||||||Balance|at||||30|
|||||||1October||||Gainsi|September|
|||||||2019||Income|Expenditure|(Losses)|2020|
|Designated|funds|||||2,433,667|||||2,433,667|
|General<br>funds||||||25,000,738||3,928,205|(1,087,970)|570,652|28,411,625|
|||||||27,434,405||3,928,205|(1,087,970)|570,652|30,845,292|
|Reconciliation<br>ofnet movement||||||in funds|to|net cash flow|from operating|activities||
|||||||||||2021|2020|
|||||||||||f.||
|Net income|for the|period (as||per||Statement|of|Financial Activities)||9,470,641|3,410,887|
|Add back:||||||||||||
|Depreciation|charges|||||||||46,722|50,308|
|Surplus<br>on|investing||activities|||||||(524,265)|(479,476)|
|Decrease/(increase)|||in debtors|||||||66,487|(118,921)|
|(Decrease)/increase|||in creditors|||||||(16,564)|103,508|
|Profit on sale on fixed assets||||||||||1,271||
|Net gains on investments||||||||||(9,380,062)|(570,652)|
|Donation of property|||||||||||(2, 890,000)|
|Net cash used in||operating||activities||||||(344,770)|(494,346)|





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