## **Annual Report of the Trustees for the year ended 31 December 2022**
The Trent Park Museum Trust (“the Trust”) was registered as a Charitable Incorporated Organisa�on (CIO) on 27 September 2016. This sixth annual report covers the year ended 31 December 2022.
## _**Administra�ve Informa�on**_
Charity Name: Trent Park Museum Trust Charity Registra�on Number: 1169382 Address of Principal Office: c/o Estate Office, Houghton Hall, King’s Lynn, Norfolk PE31 6UE
The Trustees who served during the period ended 31 December 2022 and who con�nue to serve at the date of this report were as follows:
The Marquess of Cholmondeley (Co-Chairman)
Mr Jason Charalambous (Co-Chairman) Mr Alan Perkin (Deputy Chairman and Secretary) Ms Helen Lederer
Mr Winston Newman
Two Trustees were appointed during the period ended 31 December 2022
Mr Andrew Ka�aris, wef 29 November 2022
Mr Azadi Sheridan, wef 29 November 2022
One Trustee, Lord Sassoon (Treasurer) resigned a�er the period ended 31 December 2022 on 31 March 2023 (to take up the role of Chairman of the Sir John Soane’s Museum) and was replaced with John Elkins (Treasurer) with effect from 10 April 2023. A further Trustee, Francesca Mendes, was appointed with effect from 3 July 2023. The Trustees are very grateful to Lord Sassoon for his service as a Trustee and that he con�nues to be an Ambassador for the Trust on an Emeritus basis.
1
## _**Structure Governance and Management**_
The Trust is a CIO governed by a cons�tu�on dated 27 September 2016 and whose only vo�ng members are its charity Trustees (founda�on model). It is registered as a charity with the Charity Commission.
The Trustees are responsible for making all decisions rela�ng to the governance and management of the charity. Trustees meet regularly and met on ten occasions during the year ended 31 December 2022.
An experienced project co-ordinator and a bookkeeper/administrator support the Trustees on a service contract basis.
The exis�ng Trustees are responsible for the appointment of new Trustees by resolu�on agreed at a mee�ng of the charity’s Trustees.
## _**Objec�ves and Ac�vi�es**_
The Trust was established to advance the educa�on of the public, and to promote research for the public benefit, in connec�on with the history of the listed Trent Park House. It is the objec�ve of the Trust to establish and maintain a museum at the site.
(“Berkeley Homes”) in September 2015 for construc�on of around 245 homes on the site. However, the applica�on for and the ul�mate grant of planning permission for development of the wider Trent Park site were predicated upon the establishment of a museum within the ground floor and basement of the listed Trent Park House.
The Trust was established to secure Trent Park House and its unique heritage for the public a�er the plans for an exclusive private residen�al development threatened public access to it. Following a three-year public campaign, the Trust secured a Memorandum of Understanding (MoU) with freeholder Berkeley Homes ensuring that the House’s lower floors would be made available for the Trust to run as a museum for the public benefit. The Trust signed the MoU with Berkeley Homes in 2017 and at the same �me secured a commitment from it to restore and complete the building work to these areas of the museum, leaving the Trust to complete the museum fit-out with exhibi�ons and displays, ready for opening to the public. Structural issues on site, as well as further asbestos removal, have caused significant delays to the project and has meant that the previous agreement for lease has lapsed. However, Berkeley Homes remains commi�ed to working with the Trust to
2
deliver the museum and discussions for a new agreement for lease are due to complete imminently. The Trust’s business plan has been approved by Berkeley Homes and by Enfield Council.
The Trust has con�nued to fundraise for the purposes of achieving its objec�ve of establishing and maintaining a museum at Trent Park House to advance the educa�on of the public on the history of Trent Park House. During the year ended December 2022, the Trust con�nued to fundraise and make significant grant applica�ons for the capital project.
When planning their ac�vi�es for the period and in exercising their powers and du�es, the Trustees had due regard to the Commission’s guidance on public benefit. The ac�vi�es of the Trust are directed at the establishment of a museum at Trent Park House open to all members of the public and the Trustees consider that the ac�vi�es of the Trust are consistent with the Commission’s guidance and the requirements to provide benefit to the public.
In line with these objec�ves, ac�vi�es during the period included maintaining an ac�ve social media presence through its website and regular newsle�er as well as Twi�er, Facebook and Instagram.
## _**Achievements and Performance**_
During the year ended 31 December 2022, the Trustees con�nued dialogue with Berkeley Homes concerning the �meline for comple�on of the landlord’s works and the handing over of the museum’s space in Trent Park House, following which it will take some six months to install the museum’s exhibi�ons and displays. The COVID-19 pandemic caused delays for Berkeley Homes, as have structural complica�ons with their construc�on work. However, the plan for a full public opening of the museum at the start of the 2025 visitor season remains realis�c.
During the year ended 31 December 2022, pledges and grants were received from a range of trusts and founda�ons including the Sybil Charitable Trust, and a private dona�on. Lord Cholmondeley has indicated that he intends to loan items associated with Trent Park House to the museum. The Trust is extremely grateful to these and all its donors as it progresses towards its funding target.
The Na�onal Lo�ery Heritage Fund (NLHF) grant of £91,600 to support the preliminary work of the Trust concluded successfully with a final instalment received during 2022 for seed funding. A further NLHF grant of £225,000 was awarded during 2022 with a focus on working with community volunteers to help gather oral histories from those with a shared history of Trent Park House, pilo�ng the schools learning programme and the development of a new website. This “Digital Museum” project is supported by a sub-commi�ee comprising Trustees, Enfield Council representa�ves as well as schools and community volunteers, and will con�nue un�l January 2024.
3
The Trust’s heritage advisors, Architrave Historical Services, with exhibi�on designer Tori Reeve, con�nued detailed planning of the House displays and sourcing of suitable material, par�cularly to recreate the Secret Listeners’ rooms in the basement with equipment in line with the documented evidence held at the Na�onal Archives. For the state rooms on the ground floor of the house, David Mlinaric advised on the recrea�on of Sir Philip Sassoon’s 1930s interior decora�on.
The Trust’s Architects Kennedy O’Callaghan LLP need a short period to complete the necessary designs for RIBA Stage 4. The Trust’s services engineers, MCA Consul�ng Engineers Ltd, have almost completed their designs for this stage. Therefore, the Trust would soon be ready to proceed with the fit-out once the handover from Berkeley Homes has taken place. £2.75million of in-kind support has been secured from Berkeley Homes towards restora�on of the public rooms, as well as the outside terraces and gardens.
Social media ac�vity and the bi-monthly newsle�er con�nued on a regular basis, led by the Trust’s part-�me Communica�ons Manager, with regular input and contribu�ons from other members of the wider team.
During the year ending 31 December 2022, to diversify the board of Trustees and bring in skills required at this important stage of ac�vi�es, a recruitment campaign was conducted and resulted in two addi�onal Trustees being appointed in 2022 with a further appointment since then.
## _**Financial Review**_
The accounts have been prepared on an accruals basis as the gross income of the Trust exceeded £250,000 in 2021. They are prepared on a going concern basis, which the Trustees believe to be appropriate.
Total unrestricted income was £149,544 (2021 - £285,886) with further restricted income of £20,522 (2021 - £238,661). The Trust spent a total of £105,360 (2021 - £238,661) during the year to support fundraising, basic running costs and fees, mainly for design work and development of the business plan. Last year the Trustees agreed that £250,000 of the total project expenditure should be allocated to the redecora�on of the state rooms.
At the period end, the Trust had cash balances of £116,846 (2021 - £94,631) and total unrestricted funds of £229,222 (2021 unrestricted £164,516).
The Trust’s Reserves Policy provides that the Trust should hold reserves equivalent to four months’ basic opera�ng costs.
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Approved by the Trustees M 28 Augurt 2023 and slgned ¢)n thelr behalf:
Signed
. Date:
Lord Cholmondeley, Trustee
Signed
Date:
0410912023
Jason Charalambous, Trustee
**----- Start of picture text -----**
Trent Park Museum Trust Charity No
1169382
Annual accounts for the period
Period end
Period start date 01-Jan-22 To date 31-Dec-22
**----- End of picture text -----**
## **Section A Statement of financial activities**
|**Recommended categories by**
**activity**
Guidance Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
S07
**Resources expended (Note 6)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Other
S11
S12
S13
Net gains/(losses) on investments
S14
S15
**Extraordinary items**
S16
S17
S18
Other gains/(losses)
S19
S20
**_Reconciliation of funds:_**
S21
S22
**_Total_**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed assets for the charity’s own use|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
149,492
20,522
-
170,014
334,526
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
52
-
-
52|
|---|---|
||149,544
20,522
-
170,066
334,526|
||19,629
-
-
19,629
20,826
73,381
12,350
-
85,731
217,835
-
-
-
-
-
-
-
-|
||93,010
12,350
-
105,360
238,661|
|||
||56,534
8,172
-
64,706
95,865|
||-
-
-
-
-|
||56,534
8,172
-
64,706
95,865|
||-
-
-
-
-
8,172
8,172
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
||64,706
-
-
64,706
95,865|
||164,516
-
-
164,516
68,651|
||229,222
-
-
229,222
164,516|
## **Section B Balance sheet**
|**Fixed assets**
**Intangible assets (Note 15)**
**Tangible assets (Note 14)**
**Heritage assets (Note 16)**
**Investments (Note 17)**
**_Total fixed assets_**
**Current assets**
**Stocks (Note 18)**
**Debtors (Note 19)**
**Investments (Note 17.4)**
**Cash at bank and in hand (Note 24)**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 20)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds (Note 27)**
**Restricted income funds (Note 27)**
**Unrestricted funds**
**Revaluation reserve**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Guidance Notes
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21
|**Unrestricted**
**funds**
**£**
F01
-
500
10,279
-
|
**Restricted**
**income**
**funds**
**£**
F02
-
-
-
-
|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04
- -
- 500
- 10,279
- -
|**Total last**
**year**
**£**
F05
-
500
10,279
-|
|---|---|---|---|---|---|
|||10,779|-|- 10,779|10,779|
|||-
113,990
-
116,846
|-
-
-
-
|- -
- 113,990
- -
- 116,846
|-
66,730
-
94,631|
|||230,836|-|- 230,836|161,361|
||||||7,624|
|||12,393|-|- 12,393||
|||||||
|||218,443|-|- 218,443|153,737|
|||||||
|||229,222|-|**-**229,222|164,516|
||||||-
-|
|||-
-|-
-|- -
- -||
|||||||
|||229,222|-|-
229,222|164,516|
|||-
229,222
|-
|-
-
- 229,222
-
|-
-
164,516|
|||229,222|-|- 229,222|164,516|
|||Signature||Jason Charalambous
John Elkins
Print Name|Date of
approval
dd/mm/yyyy
28/08/2023
28/08/2023|
## **Section C Notes to the accounts**
Note 1 **Basis of preparation**
_**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities • and with* preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with* the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) • and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.*
## **1.2 Going concern**
_**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_
An explanation as to those factors that support _**Not applicable**_ the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the _**Not applicable**_ going concern assumption doubtful; Where accounts are not prepared on a going _**Not applicable**_ concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.
## **1.3 Change of accounting policy**
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The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.2.
Yes*
* -Tick as appropriate
No*
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_**Please disclose:**_
_**(i) the nature of the change in accounting policy;**_
- _**(ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and**_
_**(iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.**_
## **1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). Yes* * -Tick as appropriate No*
## _**Please disclose:**_
_**(i) the nature of any changes;**_
- _**(ii) the effect of the change on income and expense or assets and liabilities for the current period; and (iii) where practicable, the effect of the change in one or more future periods.**_
## **1.5 Material prior year errors**
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
Yes* * -Tick as appropriate No*
## _**Please disclose:**_
_**(i) the nature of the prior period error;**_
_**(ii) for each prior period presented in the accounts, the amount of the correction for each account line item affected; and**_
_**(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.**_
**Section C Notes to the accounts**
## **Note 2 Accounting policies**
_Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable._
## **2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE**
**Please provide a description of the nature of each change in accounting policy**
## _**Reconcilation of funds per previous GAAP to funds determined under FRS 102**_
**Start of End of period period £ £ Fund balances as previously stated** _**Adjustments:**_ Tangible assets Heritage assets Debtors Creditors within one year **Fund balance as restated** 0 0
## _**Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102**_
**2022 £ Net income/(expenditure) as previously stated** _**Adjustments: Donations and legacies Expenditure on raising funds Expenditure on charitable activities**_ **Previous period net income/(expenditure) as** 0 **restated**
**Section C Notes to the accounts (cont) Note 2 Accounting policies**
## **2.2 INCOME**
**----- Start of picture text -----**
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a
different or additional policy has been adopted then this is detailed in the box below.
Recognition of income These are included in the Statement of Financial Activities (SoFA) when:
· it is more likely than not that the trustees will receive the resources; and the charity becomes entitled to the resources;the monetary value can be measured with sufficient reliability. Yes No N/a
Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Yes No N/a
Yes No N/a
Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to Yes No N/a
the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has Yes No N/a
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
Yes No N/a
Government grants The charity has received government grants in the reporting period
Gift Aid receivable is included in income when there is a valid declaration from the
Tax reclaims on donor. Any Gift Aid amount recovered on a donation is considered to be part of that Yes No N/a
donations and gifts gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Contractual income and This is only included in the SoFA once the charity has provided the related goods or Yes No N/a
performance related services or met the performance related conditions.
grants
Donated goods Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. Yes No N/a
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on Yes No N/a
receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the Yes No N/a
balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from
other trading activities'.
Yes No N/a
Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable.
Gifts in kind for use by the charity are included in the SoFA as income from donations Yes No N/a
when receivable.
Donated services and Donated services and facilities are included in the SOFA when received at the value of Yes No N/a
facilities the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as Yes No N/a
income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.
Yes No N/a
Support costs The charity has incurred expenditure on support costs.
Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. Yes No N/a
Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Yes No N/a
Income from membership Membership subscriptions received in the nature of a gift are recognised in Donations Yes No N/a
subscriptions and Legacies.
Membership subscriptions which gives a member the right to buy services or other Yes No N/a
benefits are recognised as income earned from the provision of goods and services as income from charitable activities.
Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. Yes No N/a
Investment gains and losses This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the Yes No N/a
year.
2.3 EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or Yes No N/a
constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Yes No N/a
Support costs include central functions and have been allocated to activity cost Yes No N/a
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their
usage.
Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Yes No N/a
Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. Yes No N/a
Redundancy cost The charity made no redundancy payments during the reporting period. Yes No N/a
Deferred income No material item of deferred income has been included in the accounts. Yes No N/a
Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Yes No N/a
Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Yes No N/a
Basic financial instruments The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Yes No N/a
2.4 ASSETS
Tangible fixed assets for use by charity These are capitalised if they can be used for more than one year, and cost at least They are valued at cost. 500 Yes No N/a
The depreciation rates and methods used are disclosed in note 9.2.
Intangible fixed assets The charity has intangible fixed assets, that is, non-monetary assets that do not have Yes No N/a
physical substance but are identifiable and are controlled by the charity through
custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5
Yes No N/a
They are valued at cost.
Heritage assets The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and Yes No N/a
maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4.
Yes No N/a
They are valued at cost.
Investments Fixed asset investments in quoted shares, traded bonds and similar investmentsvalued at initially at cost and subsequently at fair value (their market value) at the year are Yes No N/a
end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a Yes No N/a
maturity date of less than 1 year are treated as current asset investments
Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net Yes No N/a
progress realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value Yes No N/a
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the Yes No N/a
contract.
Debtors (including trade debtors and loans receivable) are measured on initial recognition at Yes No N/a
Debtors settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
Current asset The charity has has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and Yes No N/a
investments cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due.
Yes No N/a
They are valued at fair value except where they qualify as basic financial instruments.
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**Section C Notes to the accounts (cont)**
## **Note 3 Analysis of income**
**----- Start of picture text -----**
Restricted
Unrestricted income Endowment
funds funds funds Total funds Prior year
Analysis £ £ £ £ £
Donations Donations and gifts 149,492 20,522 - 170,014 334,526
and legacies: Gift Aid - - - - -
Legacies - - - - -
General grants provided by government/other
charities - - - - -
Membership subscriptions and sponsorships
which are in substance donations - - - -
Donated goods, facilities and services - - - - -
Other 52 - - 52
Total 149,544 20,522 - 170,066 334,526
Charitable
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Other trading
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Income from Interest income - - - - -
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total - - - - -
Separate - - - - -
material item - - - - -
of income: - - - - -
- - - - -
Total - - - - -
Other: Conversion of endowment funds into income - - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - - -
Other - VAT recoverable - - - -
Total - - - -
TOTAL INCOME 149,544 20,522 - 170,066 334,526
Other information:
All income in the prior year was unrestricted except for:
Architectural Heritage Fund £12,000
(please provide description and amounts)
National Heritage Lottery Fund grant £36,640
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
Where any endowment fund is converted into income in the
prior period, please give the reason for the conversion.
Within the income items above the following items are
material: (please disclose the nature, amount and any prior
year amounts)
**----- End of picture text -----**
**Section C Notes to the accounts (cont)**
## **Note 4 Analysis of receipts of government grants**
|**Government grant 1**
**Government grant 2**
**Government grant 3**
**Other**
**Government grant 1**
**Government grant 2**
**Government grant 3**
**Other**
**_Please provide details of any_**
**_unfulfilled conditions and other_**
**_contingencies attaching to grants_**
**_that have been recognised in income._**
**_Please give details of other forms of_**
**_government assistance from which_**
**_the charity has directly benefited._**|**This year**
**£**
-
-
-
-
**Total**
-
**Last year**
**£**
-
-
-
-
**Total**
-
**This year**
**This year**
**Last year**
**Last year**
**Description**
**Description**|
|---|---|
**Section C Notes to the accounts (cont)**
## **Note 5 Donated goods, facilities and services**
**----- Start of picture text -----**
This year Last year
£ £
Seconded staff - -
Use of property - -
Other - -
- -
This year Last year
Please provide details of the
accounting policy for the recognition
and valuation of donated goods,
facilities and services.
Please provide details of any
unfulfilled conditions and other
contingencies attaching to resources
from donated goods and services not
recognised in income.
Please give details of other forms of
other donated goods and services not
recognised in the accounts, eg
contribution of unpaid volunteers.
**----- End of picture text -----**
## **Section C Notes to the accounts (cont)**
## **Note 6 Analysis of expenditure**
**----- Start of picture text -----**
This year Last year
Restricted
Unrestricted Restricted Endowment Unrestricted income Endowment
Analysis funds income funds funds Total funds funds funds funds Total funds
Expenditure on raising funds: £ £ £ £ £ £ £ £
Incurred seeking donations 19,629 - 19,629 15,942 4,884 - 20,826
Incurred seeking legacies - - - - - - - -
Incurred seeking grants - - - - -
Operating membership schemes and social
lotteries - - - - -
Staging fundraising events
- - - - -
Fudraising agents - - - - -
Operating charity shops - - - - -
Operating a trading company undertaking non-
charitable trading activity
- - - - -
Advertising, marketing, direct mail and publicity
- - - - - - - -
Start up costs incurred in generating new
source of future income - - - - - - - -
Database development costs - - - - - - - -
Other trading activities - - - - -
Investment management costs: - - - - -
Portfolio management costs - - - - - - - -
Cost of obtaining investment advice
- - - - - - - -
Investment administration costs
- - - - - - - -
Intellectual property licencing costs
- - - - - - - -
Rent collection, property repairs and
maintenance charges - - - - - - - -
- - - - - - - -
Total expenditure on raising funds 19,629 - - 19,629 15,942 4,884 - 20,826
Expenditure on charitable activities:
Architect, design and consultants' fees 56,250 9,033 - 65,283 128,629 57,456 - 186,085
Outreach and media 13,989 3,317 - 17,306 13,423 4,520 - 17,943
Legal - - - - 4,307 6,506 - 2,199
Insurance 823 - 823 891 - 891
Other expenses 2,319 2,319 8,066 2,651 10,717
73,381 12,350 - 85,731 146,702 71,133 - 217,835
Separate material item of expense
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total - - - - - - - -
Other
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total other expenditure - - - - - - - -
TOTAL EXPENDITURE 93,010 12,350 - 105,360 162,644 76,017 - 238,661
**----- End of picture text -----**
## **Other information:**
## **Analysis of expenditure on charitable activities**
|
Activity 2
Other
**Total**
**Activity or programme**
Activity 1|
**Activities**
**undertaken**
**directly**
**Grant**
**funding of**
**activities**
**Support**
**Costs**
**Total this**
**year**
**Activities**
**undertaken**
**directly**
**Grant**
**funding of**
**activities**
**Support**
**Costs**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
-
-
- - - - - -
-
-
- - - - - -
-
-
- - - - - -
**This year**
**Last year**|
|---|---|
||-
-
- - - - - -|
**Section C Notes to the accounts (cont)**
## **Note 7 Extraordinary items**
## _**Please explain the nature of each extraordinary item occurring in the period.**_
|**Extraordinary item 1**
**Extraordinary item 2**
**Extraordinary item 3**
**Extraordinary item 4**
**Total extrordinary items**
**Description**|**This year**
**Last year**
**£**
**£**
-
-
-
-
-
-
-
-
-
-|
|---|---|
||-
-|
**Section C Notes to the accounts**
## **Note 8 Funds received as agent**
_**8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance Sheet.**_
**----- Start of picture text -----**
Amount received Amount paid out Balance held at period end
Description/name of party Related
party (Yes This year Last year This year Last year This year Last year
or No) £ £ £ £ £ £
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Total - - - - - -
**----- End of picture text -----**
_**8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in the purchase of goods or services, please discose details of any balances outstanding between any participating members.**_
|**Description/name**|**of**|**party**||**Balance held at period end**|**Balance held at period end**|**Balance held at period end**|**Balance held at period end**|**Balance held at period end**||
|---|---|---|---|---|---|---|---|---|---|
|||||**This year**|||**Last year**|||
|||||**£**|||**£**|||
||||||-|||-||
||||||-|||-||
||||||-|||-||
||||||-|||-||
||||||-|||-||
||||**Total**||-|||-||
**Section C Notes to the accounts**
## **Note 9 Support Costs**
## _**Please complete this note if the charity has analysed its expenses using activity categories and has support costs.**_
## **This year**
**----- Start of picture text -----**
Support cost Raising funds Activity 1 Activity 2 Activity 3 Grand total Basis of allocation
(examples) £ £ £ £ £ (Describe method)
Governance - - - - -
- - - - -
- - - - -
- - - - -
Other - - - - -
- - - - -
Total
**----- End of picture text -----**
## **Last year**
|Governance
Other
**Total**
**Support cost**
**(examples)**|**Raising funds**
**Activity 1**
**Activity 2**
**Activity 3**
**Grand total**
**Basis of allocation**
**£**
**£**
**£**
**£**
**£**
**(Describe method)**
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -|
|---|---|
_**Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.**_
**Section C Notes to the accounts**
## **Note 10 Details of certain items of expenditure**
## **10.1 Fees for examination of the accounts**
_**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_
|**Other fees (for example: financial advice, consultancy, accountancy services) paid**
**to the independent examiner**
**Independent examiner’s fees**
**Assurance services other than audit or independent examination**
**Tax advisory fees**|**This year**
**Last year**
**£**
**£**
- -
- -
- -
- -|
|---|---|
## **Section C Notes to the accounts (cont)**
**Note 11 Paid employees** _**Please complete this note if the charity has any employees.**_
## **11.1 Staff Costs**
|**11.1 Staff Costs**||
|---|---|
|**This year:**
**Last year:**
**Salaries and wages**
**Social security costs**
**Other employee benefits**
**Total staff costs**
**Pension costs (defined contribution scheme)**
**Please provide details of expenditure on staff working for the**
**charity whose contracts are with and are paid by a related party**|**This year**
**Last year**
**£**
**£**
- -
- -
- -|
||-
-
|
|||
**Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party**
_**Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.**_
**No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000**
|**Band**
**Please provide the total amount paid to**
**personnel (includes trustees and senior**
**services to the charity. For specific am**
**see Note 28.**
**11.2 Average head count in the year**
**The parts of the charity in which the**
**employees work**
**£60,000 to £69,999**
**£70,000 to £79,999**
**£80,000 to £89,999**
**£90,000 to £99,999**
**£100,000 to £109,999**|**Fundraising**
**Charitable Activities**
**Governance**
**Other**
**Tota**
**key management**
**management) for their**
**ounts paid to trustees,**|**This year**
**Last year**
-
-
-
-
-
-
-
-
-
-
**This year**
**Last year**
**£**
**£**
- -
**This year**
**Last year**
**Number**
**Number**
-
-
-
-
-
-
-
-
**Number of employees**|
|---|---|---|
|||**l**- -|
**11.3 Ex-gratia payments to employees and others (excluding trustees)** _**Please complete if an ex-gratia payment is made.**_
|**Please explain the nature of the**
**payment**
**Please state the legal authority or**
**reason for making the payment**
**Please state the amount of the payment**
**a right to an asset)**|**This year**
**Last year**
**This year**
**Last year**
**(or value of any waiver of**|**This year**
**Last year**
**£**
**£**
- -
|
|---|---|---|
## **11.4 Redundancy payments**
## _**Please complete if any redundancy or termination payment is made in the period.**_
|**Please state the accounting policy for any redundancy or**
**termination payments**
**The extent of redundancy funding at the balance sheet date**
**The nature of the payment (cash, asset**
**etc.)**
**Total amount of payment**|**This year**
**Last year**
**£**
**£**
-
-
**This year**
**Last year**
**£**
**£**
- -|
|---|---|
## **Section C Notes to the accounts (cont)**
**Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.**
## _**12.1 Please complete this note if a defined contribution pension scheme is operated.**_
**----- Start of picture text -----**
This year Last year
£ £
Amount of contributions recognised in the SOFA as an expense - -
Please explain the basis for allocating the liability and expense
of defined contribution pension scheme between activities and
between restricted and unrestricted funds.
**----- End of picture text -----**
_**12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.**_
**Please confirm that although the scheme is accounted for as a defined contribution plan, it is a defined benefit plan.**
**Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity for this year and last year, if different**
_**12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.**_
**Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan. If this is different for last year, provide details**
**Provide an explanation of how any liability arising from an agreement with a multi-employer plan to fund a deficit has been determined. If this is different for last year, provide details**
## **Section C Notes to the accounts (cont)**
## **Note 13 Grantmaking**
_**Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.**_
## **This year:**
## **13.1 Analysis of grants paid (included in cost of charitable activities)**
**----- Start of picture text -----**
Grants to
Analysis institutions Grants to individuals Support costs Total
£ £
Activity or project 1 - - - -
Activity or project 2 - - - -
Activity or project 3 - - - -
Activity or project 4 - - - -
Total - - - -
**----- End of picture text -----**
_**Please enter “Nil” if the charity does not identify and/or allocate support costs.**_
## **13.2 Grants made to institutions**
|**_TOTAL GRANTS PAID_**
**_Other unanalysed grants_**
**_Total grants to institutions in reporting period_**
**Purpo**
**Names of institution**
**_My charity has made grants to particular institutions that are material in the_**
**_context of its grantmaking. Details of the institution supported, purpose of the_**
**_grant and total paid to each institution is available on the charity's web site._**|**_Yes_**
**_No_**
**se**|**_Please provide_**
**_details of charity's_**
**_URL._**
**_Provide details_**
**_below_**
**Total amount of**
**grants paid £**
-
-
-
-
-
-
-
-
-
-|
|---|---|---|
|||**-**|
|||-
-|
## **Last year:**
|**Last year:**||
|---|---|
|**Analysis**
Activity or project 1
Activity or project 2
Activity or project 3
Activity or project 4
**_Total_**
**13.3 Analysis of grants paid (inclu**|**Grants to**
**institutions**
**Grants to individuals**
**Support costs**
**Total**
**£**
**£**
- - -
**-**
- - -
**-**
- - -
**-**
- - -
**-**
**ded in cost of charitable activities)**|
||**- - - -**|
_**Please enter “Nil” if the charity does not identify and/or allocate support costs.**_
## **13.4 Grants made to institutions**
|**_TOTAL GRANTS PAID_**
**_Total grants to institutions in reporting period_**
**_Other unanalysed grants_**
**_My charity has made grants to particular institutions that are material in the_**
**_context of its grantmaking. Details of the institution supported, purpose of the_**
**_grant and total paid to each institution is available on the charity's web site._**
**Names of institution**
**Purpo**|**_Yes_**
**_No_**
**se**|**_Please provide_**
**_details of charity's_**
**_URL._**
**_Provide details_**
**_below_**
**Total amount of**
**grants paid £**
-
-
-
-
-
-
-
-
-
-|
|---|---|---|
|||**-**|
|||-
-|
**Section C Notes to the accounts (cont)**
**Note 14 Tangible fixed assets** _**Please complete this note if the charity has any tangible fixed assets**_
**14.1 Cost or valuation**
**----- Start of picture text -----**
Freehold land & Other land & Plant, Fixtures, fittings Total
buildings buildings machinery and equipment
and motor
vehicles
£ £ £ £ £
At the beginning of the year - - - 500 500
Additions - - - - -
Revaluations - - - - -
Disposals - - - - -
Transfers * - - - - -
At end of the year - - - 500 500
14.2 Depreciation and impairments
**Basis SL or RB (Straight SL or RB SL or RB SL or RB SL or RB
Line or Reducing
Balance)
** Rate The display
cabinets are not
depreciated as
they are not in use
At beginning of the year - - - - -
Disposals - - - - -
Depreciation - - - - -
Impairment - - - - -
Transfers* - - - - -
At end of the year - - - - -
14.3 Net book value
Net book value at the beginning of the year - - - 500 500
Net book value at the end of the year - - - 500 500
14.4 Impairment
This year: Please provide a description of the events and circumstances that
led to the recognition or reversal of an impairment loss.
Last year: Please provide a description of the events and circumstances that
led to the recognition or reversal of an impairment loss.
14.5 Revaluation
If an accounting policy of revaluation is adopted, please provide: This year Last year
the effective date of the revaluation
the name of independent valuer, if applicable
the methods applied and significant assumptions
the carrying amount that would have been recognised had the assets been - -
carried under the cost model.
14.6 Other disclosures
This year Last year
£ £
(i) Please state the amount of borrowing costs, if any, capitalised in the construction of - -
tangible fixed assets and the capitalisation rate used.
(ii) Please provide the amount of contractual commitments for the acquisition of tangible - -
fixed assets.
(iii) Details of the existence and carrying amounts of property, plant and
equipment to which the charity has restricted title or that are pledged as
security for liabilities.
**----- End of picture text -----**
- _The "transfers" row is for movements between fixed asset categories._
_** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction._
**----- Start of picture text -----**
Section C Notes to the accounts (con
Note 15 Intangible assets
Please complete this note if the charity has any intangible assets
15.1 Cost or valuation
Research & Patents and Other Total
development trademarks
£ £ £ £
At beginning of the year - - - -
Additions - - - -
Disposals - - - -
Revaluations - - - -
Transfers * - - - -
At end of the year - - - -
15.2 Amortisation and impairments
**Basis SL or RB SL or RB SL or RB SL or RB Straight Line
("SL") or
Reducing
Balance
("RB")
** Rate
At beginning of the year - - - -
Disposals - - - -
Amortisation - - - -
Impairment - - - -
Transfers* - - - -
At end of year - - - -
15.3 Net book value
Net book value at the beginning - - - -
of the year
Net book value at the end of the - - - -
year
15.4 Accounting policy
Please disclose the accounting policy for intangible fixed assets including:
Reasons for choosing amortisation rates
Policies for the recognition of any capital
development
15.5 Impairment
This year:
Please provide a description of the events and
circumstances that led to the recognition or reversal of an
impairment loss.
Last year:
Please provide a description of the events and
circumstances that led to the recognition or reversal of an
impairment loss.
15.6 Revaluation
If an accounting policy of revaluation is adopted, please provide:
This year Last year
the effective date of the revaluation
the name of independent valuer, if applicable
the methods applied
the carrying amount that would have been recognised had
the assets been carried under the cost model.
15.7 Other disclosures
(i) If your intangible asset was acquired by way of grant,
provide value on initial recognition and carrying amount of
the asset.
(ii) Details of the carrying amounts of any intangible
assets to which the charity has restricted title or that are
pledged as security for liabilities.
(iii) Please provide the amount of contractual commitments
for the acquisition of intangible assets.
(iv) State the amount of research and development
expenditure recognised as expenditure in the year.
(v) Please detail the headings in the SOFA in which a
charge for amortisation of intangible assets is included.
(vi) For any material intangible assets, please provide a
description, its carrying amount and any remaining
amortisation period.
**----- End of picture text -----**
_* The "transfers" row is for movements between fixed asset categories._
_** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction._
**----- Start of picture text -----**
Section C Notes to the accounts (cont)
Note 16 Heritage assets
Please complete this note if the charity has heritage assets
16.1 General disclosures for all charities holding heritage assets
This year Last year
(i) Explain the nature and scale of heritage assets held. The most significant heritage assets are a pair of reproduction mirrors copying a pair originally in the house. The most significant heritage assets are a pair of reproduction mirrors copying a pair originally in the house.
(ii) Explain the policy for the acquisition, preservation, management and disposal of heritage assets. become available to recreate the historic The trust will acquire assets as they interiors of the house. become available to recreate the historic The trust will acquire assets as they interiors of the house.
16.2 Cost or valuation
Items for Reproduction Heritage asset Heritage asset Total
future display mirrors 3 4
£ £ £ £ £
At beginning of the year 2,572 7,707 - - 10,279
Additions - - - -
Disposals - - - - -
Revaluations - - - - -
Transfers * - - - - -
At end of the year 2,572 7,707 - - 10,279
16.3 Depreciation and impairments
**Basis Heritage Straight
assets are Line ("SL")
not or Reducing
depreciated Balance
** Rate
At beginning of the year - - - - -
Disposals - - - - -
Depreciation - - - - -
Impairment - - - - -
Transfers* - - - - -
At end of year - - - - -
16.4 Net book value
Net book value at the beginning of the 2,572 7,707 - - 10,279
year
Net book value at the end of the year 2,572 7,707 - - 10,279
**----- End of picture text -----**
**16.5 Impairment This year** _**Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_ **Last year** _**Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_
**16.6 Revaluation** _**If an accounting policy of revaluation is adopted, please provide:**_
|Carrying amount at the beginning of th
period
Additions
Disposals
Depreciation/impairment
Revaluation
Carrying amount at the end of period
**(i) Explain the reason why heritage**
**assets have not been recognised on**
**the balance sheet.**
**(ii) Describe the significance and**
**nature of heritage assets.**
**(iii) Disclose information that is**
**helpful in assessing the value of**
**heritage assets.**
**(iv) Explain the reason why it is no**
**practicable to obtain a valuation of**
**heritage assets.**
**_qualifications of independent valuer_**
**_the methods applied and significant_**
**_the name of independent valuer, if ap_**
**_the effective date of the revaluation_**
**16.9 Five year summary of heritage**
**_any significant limitations on the val_**
**16.7 Analysis of heritage assets by**
**16.8 Heritage assets (where heritage**|e
**t**
**_assumptions_**
**_plicable_**
**assets transactions**
**_uation_**
**class or group distinguishin**
**assets are not recoignised**
**This year**|**Thi**
**g those at co**
**on the balanc**|**At valuation**
**Group A**
**At cost Group**
**B**
**Total**
**£**
**£**
**£**
-
10,279
10,279
-
-
-
-
-
-
-
-
-
-
-
**s year**
**Last year**
**st and those at valuation**|
|---|---|---|---|
||||-
10,279
10,279|
||||**2012**
**2011**
**£**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
**- -**
-
-
-
-
-
-
-
-
**- -**
-
-
-
-
-
-
-
-
**- -**
**e sheet)**
**Last year**|
||**2015**
**2014**
**£**
**£**|**2013**
**£**||
|**Purchases**
Group A
Group B
Group C
Other
**Donations**
Group A
Group B
Group C
Other
**Total additions**
**Charge for impairment**
Group A
Group B
Group C
Other
**Total charge for impairment**
**Disposals**
Group A - carrying amount
Group B - carrying amount
Group C
Other
**Total disposals**|-
-
-
-
-
-
-
-
-
-
-
-
-
-
**- -**
-
-
-
-
-
-
-
-
**- -**
-
-
-
-
-
-
-
-
**- -**|
-
-
-
-
-
-
**-**
-
-
-
-
**-**
-
-
-
-
**-**||
**----- Start of picture text -----**
Section C Notes to the accounts (cont)
Note 17 Investment assets
Please complete this note if the charity has any investment assets.
17.1 Fixed assets investments (please provide for each class of investment)
Cash & cashequivalents investmentsListed Investment properties investmentsSocial Other Total
Carrying (fair) value at beginning of - - - - - -
period
Add: additions to investments during - - - - - -
period*
Less: disposals at carrying value - - - - - -
Less: impairments - - - - - -
Add: Reversal of impairments - - - - - -
Add/(deduct): transfer in/(out) in the - - - - - -
period
Add/(deduct): net gain/(loss) on - - - - - -
revaluation
Carrying (fair) value at end of year - - - - - -
*Please specify additions resulting from
acquisitions through business combinations, if
any.
Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and
willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the
London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market,
it is the trustees' or valuers' best estimate of fair value.
17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04
differentiating between those held at fair value and those held at cost less impairment.
This year:
Analysis of investments
Fair value at year end Cost less impairment
£ £
Cash or cash equivalents - -
Listed investments - -
Investment properties - -
Social investments - -
Other investments - -
Total - -
Grand total (Fair value at year end+Cost less impairment) -
Last year:
Analysis of investments
Fair value at year end Cost less impairment
£ £
Cash or cash equivalents - -
Listed investments - -
Investment properties - -
Social investments - -
Other investments - -
Total - -
Grand total (Fair value at year end+Cost less impairment) -
17.3 If your charity holds investment properties, please complete the following note:
This year Last year
(i) Explain the methods and significant assumptions in
determining the fair value of investment property held by the
charity
(ii) Name or independent valuer, if applicable, and relevant
qualifications
(iii) Provide details of any restrictions on the ability to
realise investment property or on the remittance of income
or disposal proceeds
(iv) Explain any contractual obligations for the purchase,
construction or development of investment property or for
repairs, maintenance or enhancements
17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.
Analysis of current asset investments This year Last year
£ £
Cash or cash equivalents - -
Listed investments - -
Investment properties - -
Social investments - -
Other investments - -
Total - -
17.5 Guarantees
This year Last year
Please provide details and amount of any guarantee made to
or on behalf of a third party
Name of the entity or entities benefitting from those
guarantees
Please explain how the guarantee furthers the charity's aims
17.6 Concessionary loans
Description This year £ Last year £
Amount of concessionary loans made ( Multiple - -
loans made may be disclosed in aggregate provided - -
that such aggregation does not obsure significant information ). - - - -
Total - -
Amount of concessionary loans received (Multiple loans received may be disclosed in Description - - This year £ Last year £
aggregate provided that such aggregation does not obsure significant information). - -
- -
Total - -
This year Last year
Terms and conditions eg interest rate, security
provided
Value of any concessionary loans which have
been committed but not taken up at the
reporting date
Amounts payable within 1 year
Amounts payable after more than 1 year
Amounts receivable within 1 year
Amounts receivable after more than 1 year
17.7 Additional information
This year Last year
Please provide information about the
significance of investments to the charity's
financial position or performance eg. terms and
conditions of loans or the use of hedging to
manage financial risk.
For all investments measured at fair value, the
basis for determining the value, including any
assumptions applied when using a valuation
technique.
Where a charity has provided financial assets as
a form of security, the carrying amount of the
financial asset pledged as security and the terms
and conditions relating to its pledge.
**----- End of picture text -----**
**Section C Notes to the accounts (cont)**
## **Note 18 Stocks**
## _**Please complete this note if the charity holds any stock items**_
## **18.1 Please state the carrying amount of stock and work in progress analysed between activities.**
|**18.1 Please state the carrying amount of stock and work in progress analysed between**
**activities.**|**unt of stock and work in progress analysed between**|**unt of stock and work in progress analysed between**|
|---|---|---|
|**For**
**distribution**
**For resale**
**For**
**distribution**
**For resale**
**£**
**£**
**£**
**£**
**£**
**Charitable activities:**
**_Opening_**
- - - - -
**_Added in period_**
- - - - -
**_Expensed in period_**
- - - - -
**_Impaired_**
- - - - -
**_Closing_**
**- - - - -**
**Other trading activities:**
**_Opening_**
- - - - -
**_Added in period_**
- - - - -
**_Expensed in period_**
- - - - -
**_Impaired_**
- - - - -
**_Closing_**
**- - - - -**
**Other:**
**_Opening_**
- - - - -
**_Added in period_**
- - - - -
**_Expensed in period_**
- - - - -
**_Impaired_**
- - - - -
**_Closing_**
**- - - - -**
**Total this year**
- - - - -
**_Total previous year_**
- - - - -
**Work in**
**progress**
**18.2 Please specify the carrying amount of**
**any stocks pledged as security for liabilities**
**Stock**
**Donated goods**
**This year**
**Last year**
**£**
**£**|**For**
**distribution**
**For resale**
**For**
**distribution**
**For resale**
**£**
**£**
**£**
**£**
**£**
- - - - -
- - - - -
- - - - -
- - - - -
**- - - - -**
- - - - -
- - - - -
- - - - -
- - - - -
**- - - - -**
- - - - -
- - - - -
- - - - -
- - - - -
**- - - - -**
**Work in**
**progress**
**Stock**
**Donated goods**||
||-|- - - -|
|||- - - -
**This year**
**Last year**
**£**
**£**|
**Section C Notes to the accounts (cont)**
## **Note 19 Debtors and prepayments**
## _**Please complete this note if the charity has any debtors or prepayments.**_
|**_Please complete this note if the charity has any_**
**_debtors or prepayments._**
**Note 19 Debtors and prepayments**||
|---|---|
|**19.1 Analysis of debtors**
**VAT receivable**
**Donations pledged**
**Other debtors**|**This year**
**Last year**
**£**
**£**
3,593
16,730
110,345
50,000
52
0|
||113,990
66,730|
## **Total**
## _**Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.**_
## **19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)**
|**Trade debtors**
**Prepayments and accrued income**
**Other debtors**
**Total**|**This year**
**Last year**
**£**
**£**
- -
- -
- -
- -|
|---|---|
||- -
|
**Section C Notes to the accounts (cont)**
## **Note 20 Creditors and accruals**
_**Please complete this note if the charity has any creditors or accruals.**_
## **20.1 Analysis of creditors**
**Accruals for grants payable Loan from a trustee Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors**
**----- Start of picture text -----**
Amounts falling due within Amounts falling due after
one year more than one year
This year Last year This year Last year
£ £ £ £
- - - -
- - - -
12,393 7,624 - -
- - - -
- - - -
- - - -
- - - -
Total 12,393 7,624 - -
**----- End of picture text -----**
## **20.2 Deferred income**
_**Please complete this note if the charity has deferred income. Please explain the reasons why income is deferred.**_
|**_Please explain the reasons why income is deferred._**
**_Movement in deferred income account_**
**Balance at the start of the reporting period**
**Amounts added in current period**
**Amounts released to income from previous periods**
**Balance at the end of the reporting period**
|
**This year**|**This year**
**Last year**
**£**
**£**
- -
- -
- -
**Last year**|
|---|---|---|
|||- -|
**Section C Notes to the accounts (cont)**
## **Note 21 Provisions for liabilities and charges**
_**Please complete this note if you have included in charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount.**_
|**21.1 Movements in recognised provisions and funding commitment during the period**
**21.2 Please provide:**
**- a brief description of any obligations on the**
**balance sheet and the expected amount and timing of**
**resulting payments;**
**- an indication of the uncertainties about the amount**
**or timing of those outflows; and**
**- the amount of any expected reimbursement, stating**
**the amount of any asset that has been recognised for**
**that expected reimbursement.**
**21.3 For any funding commitment that is not**
**recognised as a liability or provision, provide details**
**of commitment made, the time frame of that**
**commitment, any performance-related conditions and**
**details of how the commitment will be funded (with**
**contracts for capital expenditure separately**
**identified).**
**21.4 Where unrestricted funds have been designated**
**to a fund commitment, please disclose the nature of**
**any amounts designated and the likely timing of that**
**expenditure.**
**Amounts added in current period**
**Amounts charged against the provision in the current period**
**Unused amounts reversed during the period**
**Balance at the start of the reporting period**
**Balance at the end of the reporting period**
**This year**
**This year**|**This year**
**Last year**
**£**
**£**
- -
- -
- -
- -
- -
**Last year**
**Last year**|
|---|---|
**Section C Notes to the accounts (cont)**
## **Note 22 Other disclosures for debtors, creditors and other basic financial instruments**
**This year Last year**
**22.1 Please provide information about the significance of financial instruments (eg. debtors, creditors, investments etc) to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk.**
**22.2 If the charity has provided financial assets as a form of security, the carrying amount of the financial assets pledged as security and the terms and conitions related to its pledge should be given here.**
**Section C Notes to the accounts (cont)**
## **Note 23 Contingent liabilities and contingent assets**
## **23.1 Contingent liabilities**
**Where the charity has contingent liabililities, please complete the following section unless the possibility of their existence is remote.**
## **This year**
**----- Start of picture text -----**
Description of item including its legal nature. Please Estimate of financial effect
describe any security provided in connection to the
liability.
Last year
Description of item including its legal nature. Please Estimate of financial effect
describe any security provided in connection to the
liability.
**----- End of picture text -----**
## **23.2 Contingent assets**
**Where the charity has contingent assets, please complete the following section when their existence is probable**
## **This year**
|**This**|**year**||||||||
|---|---|---|---|---|---|---|---|---|
|||**Description**|**of**|**item**|**Estimate**|**of**|**financial**|**effect**|
||||||||||
||||||||||
||||||||||
||||||||||
|**Last**|**year**||||||||
|||**Description**|**of**|**item**|**Estimate**|**of**|**financial**|**effect**|
**23.4 Other disclosures for contingent assets and/or liabilities Please provide the following information where practicable:**
|**Explain any uncertainties relating to the amount or**
**timing of settlement; and the possibilty of any**
**reimbursement**
**Where it is not practical to make one or more of these**
**disclosures, please state this fact**|
**This year**
**Last year**|
|---|---|
**Section C Notes to the accounts (cont)**
## **Note 24 Cash at bank and in hand**
|**Note 24 Cash at bank and in hand**||
|---|---|
|**Other**
**Cash at bank and on hand**
**Total**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**|**This year**
**Last year**
**£**
**£**
- -
- -
116,846
94,631
- -|
||116,846
94,631|
**Section C Notes to the accounts (cont)**
## **Note 25 Fair value of assets and liabilities**
**This year Last year 25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks. 25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.**
**Section C Notes to the accounts (cont)**
**Note 26 Events after the end of the reporting period**
_**Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the**_
|**Please provide details of the nature of the**
**event**
**Provide an estimate of the financial effect**
**of the event or a statement that such an**
**estimate cannot be made**|
**This year**
**Last year**|
|---|---|
## **Section C Notes to the accounts (cont)**
## **Note 27 Charity funds**
## **27.1 Details of material funds held and movements during the CURRENT reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.**_
_*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
**----- Start of picture text -----**
Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR *
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
These funds from the National Heritage
Lottery Fund and certain other donors are
conditional on the delivery of specific
Delivery funds R aspects of the museum project - 20,522 - 12,350 - 8,172 - -
- - - - - -
Unrestricted funds UR 164,516 149,544 - 93,010 8,172 - 229,222
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds 164,516 170,066 - 105,360 - - 229,222
**----- End of picture text -----**
## **Section C Notes to the accounts (cont)**
## **Note 27 Charity funds (cont)**
## **27.2 Details of material funds held and movements during the PREVIOUS reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_
_*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
**----- Start of picture text -----**
Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR *
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
These funds from the National Heritage
Lottery Fund and certain other donors are
conditional on the delivery of specific
Delivery funds R aspects of the museum project 27,377 48,640 - 76,017 - - -
- - - - - -
Unrestricted funds UR 41,274 285,886 - 162,644 - - 164,516
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds 68,651 334,526 - 238,661 - - 164,516
**----- End of picture text -----**
**Section C Notes to the accounts (cont)**
## **Note 27 Charity funds (cont)**
## **27.3 Transfers between funds**
## **This year**
**----- Start of picture text -----**
Reason for transfer and where endowment is converted to income, Amount
legal power for its conversion
Between unrestricted and 1. Transfer the current year surplus of the National Heritage Lottery 8172
restricted funds Fund Phase 1 to General Fund to cover expenditure reported in General
Fund in prior years
2. Fund the planned shortfall in the NHLF Phase 2 Digital Museum Fund
from General Fund
Between endowment and
restricted funds
Between endowment and
unrestricted funds
**----- End of picture text -----**
## **Last year**
|**Last year**|||
|---|---|---|
||**Reason for transfer and where endowment is converted to income,**|**Amount**|
||**legal power for its conversion**||
|Between unrestricted and|||
|restricted funds|||
|Between endowment and|||
|restricted funds|||
|Between endowment and|||
|unrestricted funds|||
||||
## **27.4 Designated funds**
|**27.4 Designated funds**|||
|---|---|---|
|**This year**|||
|**Planned use**|**Purpose of the designation**|**Amount**|
||||
||||
||||
||||
||||
||||
|**Last year**|||
|**Planned use**|**Purpose of the designation**|**Amount**|
||||
||||
||||
||||
||||
||||
## **Section C Notes to the accounts (cont)**
**Note 28 Transactions with trustees and related parties**
_**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_
## **28.1 Trustee remuneration and benefits**
## **This year**
**----- Start of picture text -----**
None of the trustees have been paid any remuneration or received any other benefits from an TRUE
employment with their charity or a related entity (True or False)
In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any
remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.
Amounts paid or benefit value
Legal authority (eg Remuneration Pension Redundancy Other TOTAL
Name of trustee order, governing contribution (including
document) loss of
office)/ex
gratia
£ £ £ £ £
- - - - -
- - - - -
- - - - -
- - - - -
Please give details of why remuneration or other
employment benefits were paid.
Where an ex gratia payment has been made to a trustee,
provide an explanation of the nature of the payment.
Last year
None of the trustees have been paid any remuneration or received any other benefits from an TRUE
employment with their charity or a related entity (True or False)
**----- End of picture text -----**
**----- Start of picture text -----**
In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any
remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.
Amounts paid or benefit value
Name of trustee Legal authority (eg order, governing document) Remuneration contributionPension Redundancy (including office)/ex loss of Other TOTAL
gratia
£ £ £ £
- - - - -
- - - - -
- - - - -
- - - - -
Please give details of why remuneration or other
employment benefits were paid.
Where an ex gratia payment has been made to a trustee,
provide an explanation of the nature of the payment.
**----- End of picture text -----**
## **28.2 Trustees' expenses**
_**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_
|**_enter "False"._**|||
|---|---|---|
|**No trustee expenses have been incurred (True or False)**||**_TRUE_**|
|**TOTA**
**Travel**
**Accommodation**
**Other (please specify):**
**Type of expenses reimbursed**
**Subsistence**|-
**This year**
**£**
-
-
-
-|-
-
**£**
-
-
-
**Last year**
|
||-
**L**|
-|
|**Please provide the number of trustees reimbursed for expenses or who had**
**expenses paid by the charity**|||
## **28.3 Transaction(s) with related parties**
_**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_
## **This year**
|
**Name of the trustee**
**or related party**
**Relationship**
**to charity**
**Description of the**
**transaction(s)**
**Last year**
**Name of the trustee**
**or related party**
**Relationship**
**to charity**
**Description of the**
**transaction(s)**
**Lord Cholmondeley**
**Co-Chairman Loan repaid**
**_For any related party, please provide details of any_**
**_guarantees given or received._**
**_In relation to the transactions above, please provide the_**
**_terms and conditions, including any security and the nature_**
**_of any payment (consideration) to be provided in settlement._**
**There have been no related party transactions in the reportin**
**_For any related party, please provide details of any_**
**_guarantees given or received._**
**_In relation to the transactions above, please provide the_**
**_terms and conditions, including any security and the nature_**
**_of any payment (consideration) to be provided in settlement._**
**There have been no related party transactions in the reportin**|**Amount**
**Balance at**
**period end**
**£**
**£**
**Amount**
**Balance at**
**period end**
**£**
**£**
**20,000**
**0**
None
See below
**g period (True or False)**
**Provision fo**
**at peri**
None
Short term loan granted to the Trust interest fre
**g period (True or False)**
**Provision fo**
**at peri**
|**Amounts**
**written off**
**during**
**reporting**
**period**
**£**
**Amounts**
**written off**
**during**
**reporting**
**period**
**£**
**TRUE**
**r bad debts**
**od end**
**£**
e and without security.
**_FALSE_**
**r bad debts**
**od end**
**£**|
|---|---|---|
**Section C Notes to the accounts (cont)**
**Note 29 Additional Disclosures**
**The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.**
## **Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
**Report to the trustees/** Charity Name Trent Park Museum Trust **members of On accounts for the year** 31 December 2022 **Charity no** 1169382 **ended (if any) Set out on pages** 1 to 34 (SOFA, Balance Sheet and Note tabs N1 to N29) (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **31 / 12 / 2022** .
**Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
**Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Act or
- the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
* _Please delete the words in the brackets if they do not apply._
**Signed: Date:** 31/08/2023 **Name:** Edward Knight **Relevant professional** Chartered Institute of Public Finance and Accountancy **qualification(s) or body (if any):**
> **Address:** 75 Corinne Road London N19 5HA
**October 2018**
1
**IER**
**Section B Disclosure**
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
**October 2018**
2
**IER**