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2020-12-31-accounts

	Page
Report ofthe Trustees	1 to	8
Report ofthe Independent Auditors	9 to	11
Statement of Financial Activities	12
Balance Sheet	13
Cash Flow Statement	14
Notes tothe Cash Flow Statement	15
Notes tothe Financial Statements	16 to	27

Trustees
R D Wood			—appointed		23 October	2018
M Aitchison			-appointed		5 November	2019
J Baker			- appointed		5 November	2019
5 Brook-Shanahan			- appointed		5 November	2019
A Grey			-appointed		9December	2019
Dr A R Leake			-appointed		5 November	2019
R C Mayo			-appointed		5 November	2019
R H Miles			-appointed		5 November	2019
A Nelson			—appointed		23 October	2018	- resigned 30 March 2020
Chief Executive Officer
KTighe
Senior Statutory			Auditor
Peter Smith	ACA
Auditors
J W Hinks LLP
Chartered Accountants
and Statutory		Auditors
19Highfield		Road
Edgbaston
Birmingham
8153BH
Solicitors
Knights pic
Lancaster House
67 Newhall	Street
Birmingham
83 1NQ
Bankers
HSBC Bank pic
Mid Lincolnshire			and the Fens Commercial	Centre
Unex House
Bourges Boulevard
Peterborough
PE11NG

						Period
						23.10.18
					Year Ended	to
					31.12.20	31.12.19
					Unrestricted	Total
					fund	funds
				Notes	f	f
INCOME AND ENDOWMENTS		FROM
Donations and legacies					3,863,835
Otherincome
HMRC —Coronavirus	job retention		scheme		6,596
Investment income					17,070
Total					3,887,501
EXPENDITURE ON
Charitable activities					(252,517)
NET INCOME					3,634,984
RECONCILIATION OF	FUNDS
Total funds brought	forward
TOTAL FUNDS CARRIED FORWARD					3,634,984

			2020	2019
			Unrestricted	Total
			fund	funds
		Notes	f	f
FIXEDASSETS
Tangible assets		11	1,476,022
Investments		12	4,136
			1,480,158
CURRENT ASSETS
Debtors		13	14,379
Cash at bank	and in hand		2,161,571
			2,175,950
CREDITORS
Amounts falling due within one year		14	(21,124)
NET CURRENT ASSETS			2,154,826
TOTAL ASSETS LESSCURRENT LIABILITIES			3,634,984
NET ASSETS			3,634,984
FUNDS		15
Unrestricted	funds		3,634,984
TOTAL FUNDS			3,634,334

					Period
					23.10.18
				Year Ended	to
				31.12.20	31.12.19
			Notes	f	f
Cash flows from operating	activities
Cash generated from operations				3,6S9,642
Net cash provided by operating activities				3,659,642
Cash flows from investing	activities
Purchase oftangible fixed	assets			(1,493,981)
Purchase offixed asset investments				(4,136)
Interest received				46
Net cash (used in)/provided	by investing		activities	(1,498,071)
Change in cash and cash equivalents		in the
reporting period				2,161,571
Cash and cash equivalents	at the beginning
ofthe reporting period
Cash and cash equivalents	at the end	of
the reporting period				1,161,671

RECONCI	LIA	TION	OF NET INC	OME TO NET CASH FLOW FROM OPERATING	ACTIVITIES
						Period
						23.10.18
					Year Ended	to
					31.12.20	31.12.19
					E	E
Net income		for the	reporting	period (as per the Statement of Financial
Activities)					3,634,984
Adjustments		for:
Depreciation		charges			17,959
Interest	received				(46)
Increase	in debtors				(145379j
Increase	in creditors				21,124
Net cash	provided		by operations		3,659,642

	At 1.1.20	Cash flow	At 31.12.20
	E	E	E
Net cash
Cash at bank and in hand		2,161,571	2,161,571
		2,161,571	2,161,571
Total		2,151,521	2,151,511

						Period
						23.10.18
					Year Ended	to
					31.12.20	31.12.19
					f	f
Donations					16,539
Grants receivable					10,000
Subscriptions					8,288
Miscellaneous		income			150
Exceptional	items		—see below		3,828,858
					3,863,833
Grants receivable
Grants received,			included	in the above, are as follows.
						Period
						23.10.18
					Year Ended	to
					31.12.20	31.12.19
					E	f
Rutland County		Council:
Covid-19 revenue			grant		10,000
					18,868

INVEST	M	E	NT INCOME
						Period
						23.10.18
					Year Ended	to
					31.12.20	31.12.19
					f	f
Rents received					17,024
Deposit	account interest				46
					17,070
CHARITABLE ACTIVITIES COSTS
				Direct	Support
				Costs (see	costs (see
				note 6) E	note 7) f	Totals f
Charitable			activities	200,800	51,717	252,517
DIRECT	COSTS OF CHARITABLE ACTIVITIES
						Period
						23.10.18
					Year Ended	to
					31.12.20	31.12.19
					f	f
Staff costs					70,577
Annual	show expenses				12,830
Insurance					4,892
Light and		heat			4,966
Telephone					5,224
Advertising			and promotion		3,298
Postage	and stationery				1,976
Sundries					1,380
Rates					584
Facilities		management			23,333
Grounds		maintenance			53,241
Equipment			hire		540
Depreciation					17,959
					200,800

							Period
							23.10.18
						Year Ended	to
						31.12.20	31.12.19
						E	E
Bank interest		and charges				2,169
Subscriptions						344
Motor and travel expenses						691
Early settlement			discount			10,000
Bookkeeping		and accountancy			fees	19,456
Legal and	professional			fees		4,178
						36,838
GOVERNANCE			COSTS
							Period
							23.10.18
						Year Ended	to
						31.12.20	31.12.19
						E	E
Auditors'	remuneration					5,750
Legal and	professional			fees		6,159
Trustees'	expenses					2,970
						14,879

					Period
					23.10.18
				Year Ended	to
				31.12.20	31.12.19
				E	E
Auditors'	remuneration			5,750
Depreciation		—owned	assets	17,959

STAFF	COSTS
			Period
			23.10.18
		Year Ended	to
		31.12.20	31.12.19
		E	E
Wages	and salaries	66,210
Other	pension costs	4,367
		70,577

					Period
					23.10.18
				Year Ended	to
				31.12.20	31.12.19
Management	and	administrative	staff	3

TANGIBLE FIXED ASSETS
		Buildings
	Freehold	and	Plant and	Computer
	land	facilities	machinery	equipment	Totals
	E	E	E	E	E
COST
Additions	706,250	701,580	80,175	5,976	1,493,981
DEPRECIATION
Charge for year		6,945	9,468	1,546	17,959
NET BOOK VALUE
At 31December 2020	706,26D	604,676	7D,707	4,430	1,476,022
At 31December 2019

FIXEDASSE	T INVEST	MENTS
			2020	2019
			E	E
Investment	in trading	subsidiary	100
Cups and trophies			4,036
			4,136

				Shares in
				group
				undertakings
				E
MARKET VALUE
Additions				100
NET BOOK	VALUE
At 31December 2020				100
At 31December 2019
There were	no investment	assets outside the UK.
Investments	(neither listed	nor unlisted) were as follows:
			2020	2019
			E	E
Cups and trophies			4,036

13.	DEBTORS:AMOUNTS	DEBTORS:AMOUNTS	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR
								2020	2019
								f	f
	Trade debtors							4,416
	Amounts owed		by group		undertakings			37
	Other debtors							4,368
	Prepayments	and accrued income						5,558
								14,379
14.	CREDITORS: AMOUNTS				FALLING	DUE WITHIN ONE YEAR
								2020	2019
								f	f
	Trade creditors							5,809
	Social security	and other			taxes			958
	Accruals and	deferred		income				14,357
								21,124
15.	MOVEMENT	IN FUNDS
								Net
								movement	At
							At 1.1.20	in funds	31.12.20
							f	f	f
	Unrestricted	funds
	General fund							3,634,984	3,634,984
	TOTALFUNDS							3,634,984	~,634,984
	Net movement		in funds,		included	in the above are as follows:
							Incoming	Resources	Movement
							resources	expended	in funds
							f	f	f
	Unrestricted	funds
	General fund						3,887,501	(252,517)	3,634,984
	TOTAL FUNDS						3,887,531	(353,517)	3,634,984

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