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|Trustees:||Nicola Andrews||
|---|---|---|---|
|||Robin Evans||
|||Lord Hollick||
|||Lord Udny-Lister|Kt PC|
|||Jeremy
Mcllroy||
|||Ingrid Samuel||
|Secretary:||Sue Saville||
|Registered|Charity No:|1181660||
|Registered|Office:|Dorneywood||
|||Burnham||
|||Buckinghamshire||
|||SL1 SPY||
|Auditors:||Wenn Townsend||
|||Chartered
Accountants||
|||30St Giles||
|||Oxford||
|||OX1 3LE||
|Bankers:||Lloyds Bank PLC
P0Box1000||
|||Andover||
|||BX1 1LT||
|Investment|Ilanagers:|Cazenove||
|||12Moorgate||
|||London||
|||EC2R 6DA||
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|The Trustees|The Trustees|in office during|the year, and since|the ye|
|---|---|---|---|---|
|P.M Ministerial||Appointment:|TBC||
|P.M. nomination:|||Lord Udny-Lister|Kt PC|
|National|Trust|Trustee:|Ingrid Samuel||
|Appointed|Trustees:||Lord Hollick (Chairman)||
||||Nicola Andrews||
||||Robin Evans||
||||Jeremy
Mcllroy||
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|||Note|Unrestricted|Unrestricted|Designated|Total|
|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|
|||||||2023|
|Income from:|||||||
|Investment
income||||356,515||356,515|
|Rents||||23,686||23,686|
|Activities for raising funds||||24,067||24,067|
|National
Trust||||19,014||19,014|
|Total income||||423,282||423,282|
|Expenditure
on:|||||||
|Charitable
activities||4||(478,534)||(478,534)|
|Raising funds||5||(36,551)|(26,010)|(62,561)|
|Total expenditure||||(515,085)|(28,010)|(541,095)|
|Net gains/(losses)
on
investment
assets|||||239,303|239,303|
|Net (expenditure)/income||||(91,803)|213,293|121,490|
|Transfer between
funds|||||||
|Net movement
in|funds|||(91,803)|213,293|121,490|
|Reconciliation
of|funds:||||||
|Total funds brought|forward|||346,207|10,097,885|10,444,092|
|Total funds carried forward|||F|254,404|10,311,178|10,565,582|
|Unrestricted|Unrestricted|Designated|Total|
|---|---|---|---|
||Funds|Funds|Funds|
||||20"|
||315,268||315,268|
||22,948||22,948|
||30,149||30,149|
||21,269||21,269|
||389,634||389,634|
||(459,081)||(459,081)|
||(34,007)|(26,648)|(60,655)|
||(493,088)|(26,648)|(519,736)|
|||(852,582)|(852,582)|
||(103,454)|(879,230)|(982,684)|
||(103454)|(879,230)|(982,684)|
||449,661|610,977,115|611,426,776|
|F|346,207|10,097,885|10,444,092|
||||||The Dorneywood
|The Dorneywood
|Trust||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Balance sheet||||||
||||||At 31stDecember||2023||||
||||||Note||||||
|||||||||2023||2022|
|Fixed assets|||||||||||
|Investments|||||9|||10,278,178||10,064,885|
|Tangible||assets|||10|||33,000||33,000|
|||||||||10,311,178||10,097,885|
|Current assets|||||||||||
|Stock|||||||421||226||
|Debtors||||||22,675|||13,909||
|Cash at|bank and||in|hand||30,861|||23,905||
|Cash with||investment||manager||260,910|||356,599||
|||||||314,867|||394,639||
|Creditors|||||||||||
|Amounts||falling due|||||||||
|within one year|||||12|(60,463)|||(48,432)||
|Net current|assets|||||||254,404||346,207|
|Net assets||||||||f10,565,582||f10,444,092|
|Funds:|||||||||||
|General funds||||||||254,404||346,207|
|Designated|capital fund|||||||10,311,178||10,097,885|
|Total funds||||||||F10,565,582||810,444,092|
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|Reconciliation
of net income to net cash|flow from operating
acti|vities||||
|---|---|---|---|---|---|
||||2023||2022|
|Net income/(expenditure)
for year|||121,490||(982,684)|
|Investment
income|||(356,515)||(315,268)|
|(Gains)/losses
on investments|||(239,303)||852,582|
|(Increase)/decrease
in debtors/stocks|||(8,961)||1,745|
|Increase
in creditors|||12,031||8,908|
|Net cash flow from operating
activities|||(471,258)||(434,717)|
|Cash flow from investing
activities||||||
|Payments
to acquire investments||(2,029,294)|||(1,151,799)|
|Receipts from sales of investments|||2,185,200||1,227,107|
|Investment
income received|||356,515||315,268|
|Net cash fiow from financing
activities|||512,421||390,576|
|Net increase/(decrease)
in cash and cash|equivalents||41,163||(44,141)|
|Cash and cash equivalents
at 1stJanuary|2023||475,804||519,945|
|Cash and cash equivalents
at 31stDecember 2023||F|516,967|F|475,804|
|Cash and cash equivalents
consist of:||||||
|Cash at bank and in hand|||30,861||23,905|
|Cash held by investment
managers
in total|||486,106||451,899|
|Cash and cash equivalents
at 31stDecember 2023||F|516,967|F|475,804|
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|2|Investment
income and interest receivable|Investment
income and interest receivable|Investment
income and interest receivable|||||
|---|---|---|---|---|---|---|---|
||||||2023||2022|
||Investment
trusts and unit trusts||||339,566||313,840|
||Interest on cash held by investment||managers||16,949||1,428|
|||||E|356,515|E|315,268|
|3a|Activities for raising funds|||||||
||Use of house and garden
opening||||24,067|F|30,149|
|3b|National Trust|||||||
||Investment
income|||F|19,014|E|21,269|
|4|Cost ofcharitable
activities|||||||
||Salaries and wages (including|contractors)|||222,336||209,983|
||Insurance||||21,003||17,703|
||Household||||9,602||6,941|
||Catering||||1,738||1,377|
||Water, council tax and utilities||||21,109||19,395|
||Repairs, renewals
and refurbishment||||133,052||116,596|
||Garden expenses||||10,648||9,993|
||Heating and lighting||||22,512||28,220|
||Support costs (see 4a)||||36,534||48,873|
||Total direct charitable
expenditure||||478,534|F|459,081|
|4a|Support costs|||||||
||Governance costs (see note 6)||||28,093||19,926|
||Motor and travel costs||||3,591||4,001|
||Postage, stationery,
telephone|and|other admin costs||4,850||4,409|
||Legal, professional
and recruitment||||||20,537|
||||||36,534||48,873|
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|5|Cost of raising funds|Cost of raising funds|Cost of raising funds||||||
|---|---|---|---|---|---|---|---|---|
|||||||2023||2022|
||Cazenove|investment||fee||52,019||53,300|
||Event catering|||||10,139||5,588|
||Staff costs|||||403||1,767|
||||||E|62,561|F|60,655|
|6|Governance||costs||||||
||Staff costs|||||4,802||4,638|
||Accountancy||- Audit|||6,220||5,760|
||||- Non-audit|||10,364||9,528|
||Legal fees|||||6,707|||
||||||F|28,093|E|19,926|
|7|Employees|and staff costs|||
|---|---|---|---|---|
||Staff costs|during the year were as follows:|||
||Wages and|salaries|151,664|147,397|
||Social security costs||14,653|14,308|
||Pension costs||12,813|12,295|
||Contractors|and training|48,409|42,390|
||||E 227,539|E 216,390|
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|Fixed asset investments|||||
|---|---|---|---|---|
|At 31st December 2023 fixed assets investments|comprised:||||
|||2023||2022|
|Listed investments
and cash|||||
|held for reinvestment||F10,278,178||810,064,885|
|Listed investments
and cash held for reinvestments|||||
|Listed investments|||||
|Market value at 1st January 2023||9,969,585||10,897,475|
|Additions
at cost||2,029,294||1,151,799|
|Disposal proceeds||(2,185,200)||(1,227,107)|
|Net realised
investment
(losses)/gains|(17,049)||(82,833)||
|Net unrealised
investment
(losses)/gains|256,352||(769,749)||
|||239,303||(852,582)|
|Market value at 31stDecember 2023||10,052,982||9,969,585|
|Cash held by investment
managers
for reinvestment||225,196||95,300|
|||f10,278,178||f10,064,885|
|All listed investments
were dealt in on a recognised|stock|exchange.|||
|Listed investments
held at 31st December 2023 comprised||the following:|||
|Responsible
Multi-Asset
Fund||2,988,646||2,909,984|
|Investment
trusts and unit trusts||7,064,336||7,059,601|
|||210,052,982||E9,969,585|
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|10|Tangible fixed assets|Tangible fixed assets|||||||
|---|---|---|---|---|---|---|---|---|
|||||||Fixtures,|||
|||||||fittings 8|||
||||Improvements||equipment|||Total|
||Cost or valuation||||||||
||At 1stJanuary 2023|||1,109,780||62,774||1,172,554|
||Additions||||||||
||At 31stDecember 2023||E1,109,780||E|62,774|E1,172,554||
||Depreciation||||||||
||At 1stJanuary 2023|||1,109,780||29,774|1,139,554||
||Charge for year||||||||
||At 31stDecember 2023||E1,109,780||E|29,774|E1,139,554||
||Net book values||||||||
||At 31st December 2023 and||||||||
||at 31st December 2023||||f.|33,000|f.|33,000|
|11|Debtors||||||||
|||||2023||||2022|
||Debtors|||1,300||||241|
||Prepayments
and accrued income|||21,375||||13,668|
|||||22,675||||13,909|
|12|Creditors: amounts|falling due within one year|||||||
||Trade creditors|||29,736||||16,308|
||Accruals|||24,961||||26,772|
||Other creditors|||5,766||||5,352|
||||P|60,463||||48,432|
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|Analysis ofnet assets by fund||||
|---|---|---|---|
|Current year|Unrestricted|Designated|Total|
||Funds|Funds|Funds|
||2023|2023|2023|
|Fixed assets||33,000|33,000|
|Investments||10,052,982|10,052,982|
|Cash held|291,771|225,196|516,967|
|Other current assets/liabilities|(37,367)||(37,367)|
|Total|f 254,404|f10,311,178|f10,565,582|
|Prior year|Unrestricted|Designated|Total|
||Funds|Funds|Funds|
||2022|2022|2022|
|Fixed assets||33.,000|33,000|
|investments||9,969,585|9,969,585|
|Cash held|380,504|95,300|475,804|
|Other current assets/liabilities|(34,297)||(34,297)|
|Total|346,207|f10,097,885|f10,444,092|
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