REGISTERED CHARITY NUMBER: 1167510
Re
rt of the Trustees and
Financial Statemen
for the Year Ended 28 Februa
2021
for
Horton Cha
l Arts and Herita
& Socie
Bates Weston Audtt Ltd
Statutory Auditors
Chartered Accounlanls
The Mills
Canal Street
Derby
DE12RJ

Horton Cha
l Arts and Herita
e Socie
Contents of the Financlal Slatements
for the Year Ended 28 Februa
2021
Page
Reference and ￿lMinIS¢ratiVe Details
Report of the Trustees
2 10 11
R8POrt of th8 Independent Auditors
12 to 14
Statement of Financial Activities
15
Balance Sheet
16
Cash Flow Statement
17
Notes to the Flnanclal Statements
18 10 23

Horton Cha
l Arts and Herita
e Socie
Reference and Administrative Details
for the Year Ended 28 Februa
2021
TRUSTEES
l Reeves -chair {resigned as Chair 28.2.21)
R Salmon -Secretsry
K Amould
M Reeves (resigned 22.6.211
P Humphrey (resigned 9.4.21)
G Saunders
Y Mokuolu
S Kelly lappointed 25.6.201 (resigned 22.4.211
G C Young (appointed 28.5.201
S Wiles- Chair {appoinled as Chair 28.2.211 {apFx)inted
22.7.20)
H van Maasakkers lapFX)inted 31.8.21)
PRINCIPAL ADDRESS
24 Hamillon Close
Epsom
Surrey
KT19 8RG
REGISTERED CHARITY
NUMBER
1167510
AUDITORS
Bales Weslon Audit Ltd
Statutory Auditors
Chartered Accountants
The Mills
C8n81 Street
Derby
DE1 2RJ
BANKERS
Metrobank
91a High Street
Epsom
KT19 8DR
Page 1

the
HORTON
EPSOM
Horton Chapel Arts & Heritage Society
Registered Charity 1167510
Annual Report and Accounts for 2020-21
Objertives and activities
Horton Chapel Arts & Heritage Society ("the Society", ￿e. or'HCAHS") was
established as a Charitable Incorporated Society in January 2016. We are governed
by our Constitution which sets out our aims as being=
To preserve The Horton Chapel in Epsom, a Grade11 listed building, for the
benefit of the public and the heritage of the local area, by establishing a not-
for-profit community arts centre within the building and its associated grounds.
and
To promote education in and appreciation of the arts, local history and
creative activities that promote well-being, forthe public benefit of all ages of
people living, working, and studying in the borough of Epsom and Ewell and
its surrounding areas.
Page 2

In addition to our fomal name, we have used The Horton Chapel Project as a name
to describe the redevelopment phase of the project. The renovaled chapel will open
with the name The Horton, which is now our primary brand.
Between 2016 and 2018 we received start-up grants of £10,000 from the National
Lottery Heritage Fund ("NHLF°) and £25,000 from the Architectural Heritage Fund.
followed by a Development Grant from the HLF for a maximum of £300,900.
In June 2018 our application for a Heritage Enterprise Delivery Grant from the
Heritage Lottery Fund (now known as the National Lottery Heritage Fund, NLHF) for
£1.44m was approved. This award unlocked guaranteed funding of a further £1.45m
from Section 106 funds held by Epsom & Ewell Borough Council (EEBC).
In January 2019 we were granted a 125-year operational lease on the building,
which is owned by EEBC, for a peppercorn rent. A licence for works was also agreed
with EEBC to enable us to undertake the restoration and redevelopment works on
the building and site.
During this reporting period. the main contractor that had been appointed following a
full tender process, began its work to undertake the main refurbishment and
restoration works on the chapel building and site.
In addition to this capital work, HCAHS carried out activities, including:
360 degree 'hard hat, video tour of the site featuring two trustees
demonstrating progress and explaining the historical heritage of the site. This
took place instead of in-person Heritage Open Day lours and other hard-hal
tours
Photo session opportunities for local amateur photographers to record and
artistically capture the chapel in its pre-renovation state.
Skills training for trustees and volunteers.
Networking and partnership building with other local charities and community
groups.
Heritage research volunteers continued their research of local history of
Epsom Hospital Cluster and the people who lived and worked there.
Collaborative exhibition content development with heritage partners and
curators.
Window display in a high-profile site in Epsom Town ￿ntre donated by WH
Smith highlighting the transfomiation of the historical building and the
proposed arts, education and heritage activities that are planned once it is
open to the public.
The criteria we have used to assess our Suc￿sS during this reporting period are set
out in our Evaluation Framework. This is informed by our Vision and Values
Statement and the conditions under which our grant funding has been awarded by
the NLHF, set out in the Approved Purposes of our grant agreement.
It measures..
Page 3

What HCAHS set out to do
The difference HCAHS made to heritage (outcomes)
The difference HCAHS made to people (outcomes)
The difference HCAHS made to communities (outcomes)
What HCAHS delivered (outputs)
How these were delivered (process)
Successes, challenges and lessons leamt
Legacy and Sustainability- providing a set of recommendations for the
organisation, other similar projects and NLHF.
The Approved Purposes for our NLHF grant include: the refurbishment works to the
site, the creation of a pemianent physical and digital heritage exhibition, as well as a
series of activities designed to raise awareness of the heritage of the Epsom
Hospital Cluster in which the chapel is situated, including research, outreach events,
temporary exhibitions and the creation of skills development opportunities for young
people.
We report monthly to NLHF and EEBC on our progress against milestones and
benchmarks for these approved purposes. We are also regularly appraised at
quarterly meetings with the NLHF and an extemal NLHF appraiser.
Achievements and performance
The most significant achievement during
ihe reporting period is the progress made
in Iransforming the chapel from a
dilapidated at-risk building iowards being
a public space that will be of great benefit
as an arts, culture and heritage centre to
the people of Epsom and surrounding
areas.
Amifield Construction. having
commenced work on the site in August
2019, progressed some of the most
significant aspects of the restoration. These included: connection of water, electricity.
telephone and broadband services,. replacement of all roof tiles., refurbishment of all
windows,. installation of rooflights. construction of a mezzanine floor. division of the
building into a multi-use atrium Spa￿ and a performance space. creation of an office
space., painting and decoration of all walls and ceilings., refurbishment of original
wooden flooring., refurbishment of encaustic floor tiles. construction of storage
cupboard spaces- installation of toilet and washing facilities- addition of a disabled lift
to the mezzanine floor- installation of heating and air ventilation system using air-
Page 4

source heat pumps- creation of a car park, including disabled spaces,. installation of
new fencing and gates; and basic landscaping of grounds.
The main contractor's progress on site, however, was severely hampered by
restrictions and supply-chain problems during the coronavirus pandemic- and this
became increasingly problematic, causing trustees to issue several pay-less notices
under the terms of the contract as work fell further and further behind schedule. By
the end of the financial year it became clear that Amifield had deeper financial
problems. Trustees took legal advice over the termination of the contract. Just after
the end of the financial year, Armfield Construction Ltd went into liquidation, leaving
significant portions of the contract incomplete or not finished to appropriate
standards.
A separate tender process was run for the fit-out of café space, which had been
designed by architects Highly Creative Minds. This was won by Eden London Ltd.
who were scheduled to begin work on the fitout in the spring of 2021- following the
completion of the main refurbishment works.
Following analysis of the unfinished portion of the main refurbishment and
restoration contract. Eden's contract was expanded to include the conclusion of this
work.
Other specialist contractors were appointed for specific purposes: for example, the
restoration of the organ pipes and the commemorative plaques that are part of the
site's Grade I I listing.
Progress was made in many other areas of our charitable objectives too.
The £5000 that we were awarded from the #Iwill campaign was used to plan the
Young Creatives project, which supports getting young people involved in social
action on The Horton Chapel Project- activities such as campaigning. fundraising
and volunteering, and developing creative skills, all of which enable participants to
make a positive difference to their communities.
During the reporting period, the design work on the permanent heritage exhibition
made extensive progress. This important aspect of the project will bring to life the
heritage of the chapel and the hospitsl cluster of which it was a part for visitors who
are unaware of its fascinating history.
The venue's new web site went live in September 2020, showcasing the
transformation of the building, providing a taste of activities that will be on offer once
the building reopens, and including sections on the heritage and history of the chapel
and the hospital cluster.
The production of our Vision & Values document has helped to refine our strategy for
reaching beneficiaries, both during Ihis period of renovation and beyond when The
Horton is open to the public.
Page 5

Over the course of the year, media and publicity about the enterprise has increased
knowledge about the heritage of the site, which is of national importance in the
history of mental health care.
The charity continued to develop the Business Plan for The Horton as a not-for-profit
venue for arts. heritage and events, when it opens. This was helped by mentoring
from consultsnts provided by the NLHF.
This and other activities were managed, and in many cases carried out, by Trustees
volunteering their professional servI￿s. along with paid consultants. They were also
responsible for..
Sourcing and managing the various specialist contracts
Designing and carrying out community activities to promote The Horton
Chapel Project
Creating opportunities for local people to leam about the heritage.
Developing and delivering content for the exhibition and digital resources.
Delivering activities in accordance with the temis of funding grants.
Trustees also undertook and commissioned work on branding. research and
stakeholder engagement, successfully building up a strong network of partners and
supporters.
These activities aimed to ensure our prospective services would not only be in line
with our charitable objectives but would be popular and serve a community need.
While doing this work, our Board of Trustees. who govem the Society, have had
regard to the Charity Commission's guidan￿ on public benefit.
Volunteers (beyond the trustees) play an increasingly important role in the charity's
operations. A team of volunteer heritage researchers have undertaken bespoke
training led by Surrey History Centre and continue to research the rich heritage of
the building and the wider hospital cluster. and the stories of the staff and patients
who lived, worked and were treated there. These stories form part of the pemianent
physical and digital exhibition that visitors to The Horton will be able to enjoy - and
can already access via its website. These volunteers have completed an evaluation
questionnaire that recognised the Importan￿ of building new friendships as well as
skills.
Our volunteer bookkeeper has made a significant contribution to the charity.
In future reporting periods, volunteers will also play important roles in various
aspecls of the operation of the venue, supporting the professional staff in a number
of ways, including event stewarding, gardening, as heritage guides and other support
functions.
The society does not have a material financial investment strategy. Neither grant-
making nor social investment form a material part of the charity's objectives.
Page 6

Financial Review
Grant funding from the NLHF totaling £622,564 was re￿iVed during the financial
year. along with S106 funding of £533.037.
Private donations of £2,906 were re￿ived.
A grant of £36,000 was awarded to us by Viridor to go towards kitchen equipment.
The £5,000 #Iwill grant {funded by DCMS and the National Lottery Community
Fund) was used to establish the ongoing Young Creatives Advisory Board Project.
engaging young people in the arts and heritage aspects of the overall project.
An Institute of Conservation grant of £2,000 was received for the creation of part of
the permanent heritage exhibition, along with in-kind production donation of Truview
museum grade glass and vinyl for the exhibition.
The charity also had success in being selected as a Co-op Local Cause, a scheme
through which shoppers can donate to charities. This ends in October 2021.
Surrey County Cllr Bemie Muir pledged £1.000 from her Member's Allocation, which
will be used for arts fit-out materials.
Other funding applications and Expressions of Interest were made to funds including
Epsom & Ewell Community Infrastructure Levy, the Marc Fitch Fund, the European
Growth Fund. and the Postcode Trust. Some of these applications remain ongoing.
The majority of costs inCu￿ed were for professional fees related to the refurbishment
works, and for the ongoing capital work on the chapel and its exterior, as described
above.
After meeting the incurred costs of £31,900, this resulted in the Society having total
reserves of £2,169,144 at the end of the financial year, of which £2,162,304 is
restricted funding.
Part of these reserves are accounted for by a 5 /0 retention on the main
refurbishment contract, which is being held in a ringfen￿d account by the charity
until the completion of the main construction work and the conclusion of the
liquidation process of Armfield Construction.
Other reserves are held in a cash account at Metro Bank.
The charity's long-term reserves policy will be to build reserves of 30 % to 45°/o of
operating costs On￿ The Horton has opened - the target timeframe for this is within
5 years of the centre opening.
There are no current uncertainties about the charity's ability to continue as a going
Page 7

concern. There is no fund or subsidiary undertaking that is materially in deficit. The
charity has no pension liability. nor does it hold any material financial investments.
The principal risks from this phase of the project during the financial year were that
the construction and refurbishment work could be carried out according to the
professional design team's specifications within the budget from available funding
streams. The Covid crisis increased this risk because of the inevitable costs incurred
from delays to the on-site work caused by the pandemic.
Close monitoring of the situation by trustees ensured that the charity's financial
position was not significantly damaged - and in particular that the contractor was not
overpaid for unfinished work despite attempts to claim it.
Trustees keep a detailed risk register, which is reviewed regularly at board meetings.
The risk profile will change significantly On￿ renovation and fit-out work is complete
and the building opens for business. Trustees have identified the significant risk that
the public might be reticent to return to public and social spa￿S because of the
pandemic- which could have an effect on the business plan. That plan is continually
being reviewed and remodeled to plan for the ￿ntre'S viability under various Covid-
affected scenarios.
Significant events after the end of the financial year include the collapse into
administration of the main contractor. Armfield Construclion Ltd. The charity has
been careful to take professional legal advi￿ to protect itself from financial loss
during this pro￿sS, which remains ongoing.
Also significant was the design failure of a drainage solution designed to remove
surface water from the car park, and a connected problem with foul water drainage.
Trustees continue to take further professional advice on resolving these issues and
are discussing potential cost implications with funders.
The opening of The Horton has therefore been delayed by more than a year-
although due to robust contract management, and a substsntial donation-in-kind of
trustees volunteering their professional services. the impact of this has been
managed effectively by the charity.
The delivery of a number of key engagement activities have also been delayed due
to Covid 19 but funders have granted an extension where required.
Page 8

Plans for future periods
Trustees are very much looking forward
to the next phase of the project= the
opening of the building fully to the public
and delivering on the creative.
educational and social vision that is at
the heart of the project.
The charity's plan for future periods
focuses on completion of the main
refurbishment contract with a new
contractor, followed by the completion of
the fit-out programme that will enable the
chapel to open as The Horton.
A professional team will be hired in due Ix)urse to manage the venue and associated
outreach activities, according to the blueprint set out in the Business Plan- however
this won't be done until there is full clarity over an opening date. This 'start-up' phase
will be funded by ringfenced amounts from the agreed NLHF Heritsge Enterprise
grant funding and the S106 funding.
The Business Plan sets out multiple income streams for The Horton, including:
creative learning., live perfonnance- café-bar and hospitality. corporate and
community space hire., arts and artisan fairs" wedding receptions and parties"
creative holiday clubs for children.
In accordance with our constitution, The Horton's programme will focus on arts, local
history and creative activities that promote well-being. primarily reaching
beneficiaries in the borough of Epsom and Ewell and its surrounding areas.
Our plans to enhan￿ The Horton Gardens through a simple but attractive
landscaping scheme, will creale an improved amenity for local people, more creative
opportunities and a sustainable green Spa￿ for better well-being.
Detailed 4-year cashflow forecasts have been made to ensure that the charity's
reserves are always sufficient for the organisation to remain a going concern.
Key Performance Indicators will be designed to ensure that each element of the
Business Plan delivers the ne￿SSary retums to keep the charity financially stable.
A trading subsidiary will be established which will allow The Horton to undertake
commercial activities that are not directly related to the society's charitable
objectives.
Page 9

Structure, governance and management
The charity is a Charitable Incorporated Organisation and is govemed by a
Constitution. The Constitution was amended by the trustees in April 2019 and again
in January 2020, in accordan￿ with the clauses enabling such changes.
A trustees, Code of Conduct sets expectations for best practice and promote good
communication between trustees.
New trustees are appointed by existing trustees on terms as set out in the
Constitution, which allows for a maximum of 12 trustees on the board. New trustees
are given an induction which involves the provision of key documents, including-
Constitution., Code of Conduct- Vision and Values statement- Business Plan and key
policies such as Financial Policy and Safeguarding.
No other person or external body is entitled to appoint trustees.
All key strategic decisions are taken collectively by trustees, who met monthly
throughout the reporting period.
Reference and administrative detalls
The charity has no corporate trustees.
No trustee holds, or has held, title to property belonging to the charity.
There were no employed staff during the financial year.
During the financial year we continued to keep NLHF and EEBC informed of our
project's development through regular progress reports and quarterly progress
meetings.
Independent auditors
The report from the independent auditor is attached.
Page 10

Trustee declaration
The trustees declare they have approved the trustees, report above.
Signed on behalf of the charity's trustees
Names:
Sophie Wiles
Rupert Salmon
Position: Chair
Secretary
Date.. 25 November 2021
Principal address of charity: 24 Hamilton Close. KT19 8RG
Pagell

Re
rt oflhe Inde
Horton Cha
endent Auditors to the Trustees of
el Arts and Herita
e Socie
Opinion
We have audited the financial statements of Horton Chapel Arts and Heritage Society (the 'chariVI for the
year ended 28 February 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the
Cash Flow Statement and notes to the financi215t8tements. including a summary of significant accounting
policies. The financial reporting framework that has been applied in their preparation is applicable law and
United Kingdom Accounting Stsndards (United lQngdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the charitls affair5 a5 at 28 February 2021 and of its incoming
resour￿$ and application of resources, for the year then ended".
have been properly prepared in accordance with United Kingdom Generalty Accepted Accounting Practice,.
and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordan￿ with International Standards on Auditing IUKI IISAS IUK)} and
applicable law. Our responsibilities under those standards are further described in the Auditors,
responsibilities for the audit of the financial statements section of our report. We are independent of the
charity in accordance with the ethical requirements that are relevant lo our audit of the financial statements in
the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in
accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate lo provide a basis for our opinion.
Conclusions relating to going concom
In audrting the financial statements, we have concluded that the trustees. use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively. may cast signrficanl doubt on the charitys ability lo continue as a
going concern for a period of at least twelve months from then the financial statements are authorised for
issue.
Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the
relevant sections of this report.
Other inforniation
The trustees ar8 responsible for the other infomiation. The other information comprises the information
included in the Annual Report. other than the financial statements and our Report of the Independent Auditors
Ihereon.
Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise expliciuy stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements. our responsibility is to read the other information and,
in doing so, consider whether the other infomiation is materially inconsistent with the financial statements or
our knowledge obtained in the audit or olherwse appears to be malerially misslaled. If we identify such
material inwnsislen¢ies or apparent material misstatements, we are required to determine whether this gives
rise to a material misstatement in the financial statements themselves. If, based on the work we have
performed, we conclude that there is 8 materi81 misstatement of this other infom)th"on, we a￿ required to
report that fact. We have nothing lo report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the followng matters where the Chaitties (Accounts and ReKX)rtsl
Regulations 2008 requires us lo report to you rf. in our opints)n:
the information given in the Report of the Trustees is inconsistent in any malerial respect with the financial
statements,. or
Suff￿lent accounting records have not been kept., or
the financial statements are not in agreement with the accounting records and retums.. or
we have not received 811 the infomiation and explanations we require for our audit.
Page 12

Re
rt oflhe Inde
Horton Cha
endent Auditors to the Trustees of
el Arts and Herita
e Socie
Responsibilities of trustees
As explained more fully in the Statement of Trustees. ResFKJnsibilit"es. the trustees are responsible for the
preparation of the financial statements ¥vhich give a true and fair view, and for such internal control as the
trustees determine is necessary to enable the preparation of financial ststemenls that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the Injstees are responsible for assessing the charills ability lo
continue as a going concern, disdosing, as applicable. matters related to going coN￿M and using the going
concern basis of accounting unless the trustees either inter¥J to liquidate the charity or lo cease operations, or
have no realistic alternative but lo do so.
Our responslbllities for the audit of the financlal statements
We have been appointed as 8udilors under Section 144 of the Charities Act 2011 and report in accordan
th the Act and relevant regulations made or having effect Ihereunder.
Our objectives are to obtain reasonable assurance atx)ut whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error. and to issue a Rerx)rt of the Independent Auditors
that includes our opinion. Reasonable assurance is a hiqh level of assurance. bul is not a guarantee that an
audit conducted in accordance with ISAS IUK) will always delect a material misslalement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate,
they could reasonably be expected to Influen￿ the e(x)nomic decisions of users taken on the basis (rf these
financial statements.
Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design
prO￿dureS in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, including fraud. The extent to which our procedures are capable of detecting irregulari(ies,
including fraud is detsiled below..
Based on our understsnding of the Charity and industy in which it operales, we considered the extent lo
which non-compliance might have a material effect on the financial statements. We also considered those
laws and regulations that have a direct imp8Ct on tho preparation of the financial statements such as the
Companies Act 2006 and Charities Act 2011. Audit procedures perfom)ed by the engagement team included:
Enquiry of management and those charged wilh g)vernance around actual and potential litigation and
claims.,
Reviewing minutes of meetings of those charged with govemance-,
Reviewing financial statement disclosures and testing to supporting documentath)n to assess compliance
with applicable laws and regulations.,
Performing audit work over the risk of management ove￿Ide of controls, including testing of journal
entries and other adjustments for appropriateness. evaluating the business rationale of significant
transactions outside the normal course of business and rewewing 8ccounting estim8tes for bias.
Becaus8 of the inherent limitstions of an audit, there is a risk we will not delect all irregularities, including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This
risk increases the more that compliance with a law or regulation Is removed from the events and transactions
refleeted in the financial slatemenls. as we VAII be less likely to become aware of instances of
non-compliance. The risk is also greater regarding irregularities (ccuring due lo fraud rather than error, as
fraud involves intentional concealment. forgery, o)Ilusion, omission or misrepresenlalion.
A further description of our responsibilitses for the audit of the financial statements is located on the Financial
Reporting Council's website at www.frc.org.uklaudtkorsresponsibilities. This description forms part of our
Report of the Independent Audilors.
Other matters which we are required to address
An audit was not carried out in the prior year for the year ended 29 February 2020.
Page 13

Re
rt oflhe Inde
Horton Cha
endent Auditors to the Trustees of
el Arts and Herita
e Socie
Use of our report
This ret)ort is made solely to the charivs trustees. as a trK)dy. in accordance with Part 4 of the Charities
(Accounts and Reports) Regulab"ons 2008. Our audit work h85 been undertaken so that we might state to the
charitys trustees those matters we are required lo slate lo them in an auditors, report and for no other
purpose. To the fullest extent permitted by law, we do not a￿pt or assume responsibility lo anyone other
than the charity and the chariws truslees as a trM)dy, for our audrt wDrk. for this report, or for the opinions we
have formed.
Bates Weston Audit Ltd
Statutory Auditors
Chartered Accountsnls
The Mills
Canal Street
Derby
DE12RJ
Dale.. 13 December 2021
Page 14

Horton Cha
l Arts and Herita
e Socie
Statement of Financial A¢tivities
for the Year Ended 28 Februa
2021
2021
Total
funds
2020
Total
funds
Unrestricted Restn"cted
fund
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2.906
1,175.601
1.178,507
812,905
Investment income
Total
2.910
1.175.601
1.178,511
812,905
EXPENDITURE ON
Charitable activities
Preservation of The Horton Chapel
31,￿0
31,900
21,211
NET INCOME
2.910
1,143,701
1,146,611
791,694
RECONCILIATION OF FUNDS
Total funds brought forward
3,930
1.018.603
1,022,533
230,839
TOTAL FUNDS CARRIED FORWARD
6.840
2.162,304
2,169,144
1.022,533
The notes fomi part of these financial slatements
Page 15

Horton Cha
l Arts and Herita
e Socie
Balance Sheet
28 Februa
2021
2021
Total
funds
2020
Total
funds
Unrestricted Restn"cted
fund
funds
Notes
FIXED ASSETS
Tangible assets
2,055.653
2,055.653
966,168
CURRENT ASSETS
Debtors
Cash at bank
16.081
104.308
16,081
111,148
11,730
50,485
6.840
6.840
120.389
127,229
62,215
CREDITORS
Amounts falling due wthin one year
(13,7381
{13,7381
{5,8501
NET CURRENT ASSETS
6,840
106,651
113,491
56,365
TOTAL ASs￿s LESS CURRENT
LIABILITIES
6,840
2,162.304
2,169,144
1,022,533
NET ASSETS
6,840
2.162,304
2,169,144
1,022,533
FUNDS
Unrestricted funds
Restricted funds..
Chapel renovation fund
Chapel renovation capital fund
10
6,840
3,930
106,651
2,055,653
1,018,603
2,162,304
1.018,603
TOTAL FUNDS
2,169,144
1.022,533
The financial statements were approved by the BrK•rd nf TrUSt￿S and authorised for issue on
25 November 2021 and were soned on its behalf by:
S Wiles - Trustee
R Salmon- Tnjslee
The notes fomi part of these financial slatements
Page 16

Horton Cha
l Arts and Herita
e Socie
Cash Flow Slatement
for the Year Ended 28 Februa
2021
2021
2020
Notes
Cash flows from operating activitias
Cash generated from operations
12
1.150,144
787,967
Nel cash provided by operating activities
1.150.144
787,967
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
{1,089,4851
{749,1021
Nel eash used in investing activtties
11,089.4811
{749,1021
Change in cash and cash equlvalents
in tha raporting period
Cash and cash equivalents at the
beginning oflhe reporting period
60,663
38,865
50,485
11,620
Cash and cash equivalents at the end
of Ihe reporting period
111.148
50,485
The notes form part of these financial slalements
Page 17

Horton Cha
l Arts and Herita
e Socie
Notes to the Financial Ststements
for the Year Ended 28 Februa
2021
ACCOUNTING POLICIES
Basis of preparing the financial sL7tements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been
prepared in accordan￿ with the Chanties SORP IFRS 102) 'Accounling and Reporting by Charities..
Statement of Recommended Practice applicable lo charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021
{effective 1 January 20191,, Financial Reporb"ng Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ireland. and the Ch8rrtie5 Aci 2011. The financial statements have
been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activtties once the charity has entitlement to the
funds, il is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilrties are recognised as expenditure as s(x)n 8S there is 8 leg81 or constnjctive obligation
commrtting the charity lo that expenditure. it is probable that a transfer of economic benefits will be
required in settlement and the amounl of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has been classified under headings that aggregate all costs
related to the category. Where costs cannot be directly attributed to particular headings they have been
allocated to activities on a basis con51slent the use of resources.
Tangible fixed assets
Tangible assets are Initially recognised at cost. After recognition. under the cost m(xlel, tangible fixed
assets are measured at cost less accumulated depreciation and any impairrnent losses. All costs
incurred to bring a tangible fixed asset into its intended working condition should be included in the
measurement of cost.
No depreciation is charged until an asset is brought into use.
Taxation
The charity is exempt from tax on its charitable activrtie5.
Fund accounting
Unrestricted funds can be used in a￿or{lanCe wth the charitable objectives at the discretion of the
trustees.
Reslricled funds can only be used for particular restricted purposes wlhin the objects of the charity.
Reslriclions arise when specified by the donor or when funds are raised for parbcular restricted
purposes.
Further explanation of the nature and purpose of each fund is induded in the notes to the financial
stslements.
Government grants
Govemment grants are recognised in income sthen the grant proceeds are re￿Ived or receivable
unless futu￿ perfomiance-￿13led condibons are spectfied that have not been mel. Grants received
before the income recognition criteria are satisfied are recognised as a liability.
Page 18
continued...

Horton Cha
l Arts and Herita
e Socie
Notes to the Financial Statements - continued
for the Year Ended 28 Februa
2021
DONATIONS A)ID LEGACIES
2021
2020
Donations
Grants
2,906
1.175,601
2,687
810,218
1,178.507
812,905
Grants ￿Ceived, included in the atK)ve. are as follows..
2021
2020
National Lottery Heritage Fund
Epsom and Ewell Borough Council
£lwll
622,564
553,037
439,517
365,701
5,000
1,175,601
810,218
INVESTMENT INCOME
2021
2020
Deposit account interest
CHARITABLE ACTIVITIES COSTS
Direct
Costs
Preservation of The Horton Chapel
31,900
These costs relate lo overheads only. Developmenl costs have been capitalised and are included as a
fixed asset (improvements lo leasehold propetyl on the balance sheet.
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees. remuneration or other benefits for the year ended 28 February 2021 nor for
the year ended 29 February 2020.
Trustees. expenses
During the year ended 28 February 2021, expenses totalling £432 were reimbursed or paid directly to
trustees 12020 - £8861. £195 for travel 12020 - £1531. £69 for reimbursement of equipment and
material costs12020 -£611), £NIL for reimbursement of vehicle hire costs 12020 - £1221 and £168 for
Training Cosls12020.' NIL}.
Page 19
continued...

Horton Cha
l Arts and Herita
e Socie
Notes to the Financial Statements - continued
for the Year Ended 28 Februa
2021
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES
Unrestricted Restricted
fund
funds
Totsl
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
2.687
810,218
812,905
EXPENDITURE ON
Charitable activities
Preservation of The Horton Chapel
21.211
21,211
NET INCOME
2.687
789.007
791,694
RECONCILIATION OF FUNDS
Total funds brought forward
1,243
229,596
230,839
TOTAL FUNDS CARRIED FORWARD
3.930
1.018,603
1.022,533
TANGIBLE FIXED ASSETS
Improve
-ments lo
leasehold
propety
COST
At 1 March 2020
Additions
6,168
1,089,485
At 28 February 2021
2,055,653
NET BOOK VALUE
At 28 February 2021
2,055,653
At 29 February 2020
6,168
DEBTORS: AMOUNTS FALLING DUE MTHIN ONE YEAR
2021
2020
Trade debtors
Other detrtors
Prepayments
100
5,000
6,730
15,981
16,081
11,730
Page 20
continued...

Horton Cha
l Arts and Herita
e Socie
Notes to the Financial Statements - continued
for the Year Ended 28 Februa
2021
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021
2020
Trade creditors
Accrued expenses
8,638
5,100
4,050
1.800
13,738
5,850
10. MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
Al
28.2.21
At 1.3.20
Unrestricted funds
General fund
3.930
2,910
Restricted funds
Chapel renovation fund
Chapel renovation capital fund
1,018,603
1,143,701
12,055,653)
2,055,653
106,651
2,055,653
1.018.603
1.143.701
2,162,304
TOTAL FUNDS
1.022.533
1.146.611
2,169, 144
Net movement in funds. included in the above are as follows:
Incoming
resources
ReSOur￿S
expended
Movement
in funds
Unrestricted funds
General fund
2.910
2,910
Restricted funds
Chapel renovation fund
1.175,601
131,900)
1,143,701
TOTAL FUNDS
1.178.511
131,900)
1,146,611
Comparatives for movement in fvnds
Net
movement
in funds
At
29.2.20
At 1.3.19
Unrestricted funds
General fund
1.243
2.687
3,930
Restricted funds
Chapel renovation fund
229,596
789,007
1,018,603
TOTAL FUNDS
230.839
791.694
1,022,533
Page 21
continued...

Horton Cha
l Arts and Herita
e Socie
Notes to the Financial Statements - continued
for the Year Ended 28 Februa
2021
10.
MOVEMENT IN FUNDS- continued
Comparative net movement in funds. induded in the a￿)ve are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
Gener81 fund
2.687
2,687
Rastricted funds
Chapel renovation fund
810,218
121,211)
789,007
TOTAL FUNDS
812.905
121,211)
791,694
A current year 12 months and prior year 12 months combined F%)sition is as follows..
Net
movement
in funds
Transfers
between
funds
Al
28.2.21
At 1.3.19
Unrestricted funds
General fund
1.243
5.597
6,840
Restricted funds
Chapel renovation fund
Chapel renovation capital fund
229.5
1.932.708
12,055,653)
2,055,653
106,651
2,055,653
229.596
1.932,708
2,162,304
TOTAL FUNDS
230.839
1,938.305
2,169,144
A current year 12 months and prior year 12 months combined net movement in funds, included in the
above are as follows=
Incoming
Resources
expended
Movement
in funds
Unrestricted funds
General fund
5.597
5,597
Restricted funds
Chapel renovation fund
1.985,819
153,111)
1,932,708
TOTAL FUNDS
1,991.416
153,111)
1,938,305
Restricted funds
Reslricled income includes granls from the Heritage Lottery Fund and Section 106 grant funding.
These wer8 granted specifically to contribute towards the redevek)pment of Horton Chap81 and are
therefore restricted. All expenditure through the Statement of Finanaal Activities relating to the
redevelopment of Horton Chapel is included wtihin the restn.cted fund.
Page 22
continued...

Horton Cha
l Arts and Herita
e Socie
Notes to the Financial Statements - continued
for the Year Ended 28 Februa
2021
10.
MOVEMENT IN FUNDS- continued
Restrided funds - continued
Transfers between funds
The transfer belween the restNcted and the restricted fixed asset fund represents the net book value of
improvements lo leasehold property as at the reporting dale.
11. RELATED PARTY DISCLOSURES
Trustee M Reeves carried out work in capactty of project manager for the charity during the year at a
charge of £17.400. Al the year-end Ihere is £2.400 owing in respect of project management lo M
Reeves.
12.
RECONCILIATION OF NET INCOME TO CASH FLOW FROM OPERATING ACTIVITIES
2021
2020
Net income for the reporting period (as per the Statement of
Financial Activities)
Adjustmenls for:
Interest received
Increase in debtors
Increase in Creditors
1.146,611
791,694
141
14,3511
7.888
17,0301
3,303
Nel cash provided by operations
1,150,144
787,967
13.. ANALYSIS OF CHANGES IN FUNDS
At 1.3.20
Cash flow
At28.2.21
Net ￿$h
Cash al bank
50,485
60,663
111,148
50,485
60,663
111,148
Total
50,485
60,663
111,148
Page 23