2021-03-31-accounts - Cambridge Past, Present & Future

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Contents			Page
Chair's Introduction
Reference &Administration		Information
Structure, Governance	8 Management
Objectives
Activities & Public Benefit
Achievements &Performance		2020/21
Plans for Future Periods			10
Financial Review
Appendix			15
Auditor's Report			16
Statement of Financial Activities			18
Balance Sheet			19
Notes tothe Accounts			21


The Board was	supported	by the following members		ofstaff during the year:
Chief Executive	Officer:			James Littlewood
Finance Manager/Company		Secretary	(PT0.6):	Robin Barratt (until	July 2020), Monika	Maintz	(until
				February 2021)and	Clive Mitchell
Senior Fundraising Executive:				Holly Kavanagh
Education &Events Coordinator/Admin			Officer:	Nicola Spurling
Administration	Assistant	(PT0.3):		Lena Payne
Senior Warden:				Ed Wombwell
Wardens:				Hannah Warren, James Allsop, Thev Cram		(PT0.7), Ray
				Hackett (PT0.3)

Summary ofIncome and Expenditure 2020-202	1
	2020/21	2019/20
Income	EONYs	EOOO's
Investment Income	122	127
Rents	167	153
Membership	63	49
Donations and Bequests	206	104
Wandlebury Car Park	70	63
Grants	118	111
Education Programme	1	25
Otherlncome	21	18
Total	769	650
	2020/21	2019/20
Expenditure	EOOO's	EOmys
Estates	398	417
Planning &Green Spaces Campaign	21	35
Education Programme	39	65
Communication &Membership	95	92
Raising Funds &Other Costs	28	23
Total	581	632

							UNRESTRICTED FUNDS	UNRESTRICTED FUNDS	UNRESTRICTED FUNDS	RESTRICTED	TOTAL	TOTAL
						Note	Non	Designated		FUNDS	FUNDS	FUNDS
							Designated
							Funds	Funds			2021	2020
							6	6			6	8
Income from:
Donations and legacies							139,475			170,095	309,570	196,974
Charitable activities:
Estates						4a	197,160				197,160	178,885
Education and Awareness						4b	1,267				1,267	25,338
Communication &Membership			Services			4c	64,113				64,113	52,103
Other trading activities:
Subsidiary company turnover							69,889				69,889	61,926
Investment income							122,386				122,386	126,956
Other income							4,335				4,335	7,565
Total income							598,624			170,095	768,?19	649,746
Expenditure on:
Raising funds:
Cost ofgenerating voluntary		income					15,886				15,886	12,966
Cost ofevents, book sales etc.												310
Investment management	costs						12,052				12,052	10,172
Charitable activities:
Estates							267,857			130,433	398,290	422,205
Planning &Green Spaces Campaign							20,941				20,941	35,038
Education and Awareness							39,416				39,416	64,987
Communication &Membership			Services				94,671				94,671	91,721
Other expenditure -loss on	disposal offixed				assets
Total expenditure							450,822			130,433	581,256	637,400
Net income/(expenditure)	before		transfers		and gains	and
losses on investments							147,802			39,661	187,463	12,347
Unrealised gains on investment		properties				14	399,066				399,066
Unrealised (losses)/gains on investments						14	534,745				534,745	(333,576)
Realised gains on investments							34215				34215	49686
Net income/(expenditure)	for	the	year			9	1,115,827			39,661	1,155,489	(271,543)
Transfers between funds:						20
Fixed Asset Reserve Fund							(148,216)	148,216
Strategic Property Investment		Reserve					(1,100,964)	1,100,964
Leper Chapel &Bamwefi	Meadows			Fund			229		(229)
Estate Improvement Fund							(100,000)	100,000
Restricted fund transfers							14,806			(14,806)
Net movement in funds							(218,318)	1,348,951		24,855	1,155,489	(271,543)
Reconciliation offunds:
Total funds brought forward							3201 267	5004	513	95277	8301056	8572598
Total funds cerned forward							2,982,949	6,353,464		120,132	9,456,5L5	8,301,056
Made up of:
Charity funds in Group Balance		Sheet					2,977,003	6,353,464		120,132	9,450,599	8,301,056
Funds retained In the subsidiary		company					5,946				5,946
							2,982,949	6,353,464		120,132	9,456,545	8,301,056

							2021		2020
					Note	Charity	Trading	Group	Group
						E	Subsidiary f
FIXEDASSETS
Tangible assets					13	515,732	5,946	521,678	367,516
Investments					14	8,648,286		8,648,286	7,228,362
						9,164,018	5,946	9,169,964	7,595,878
CURRENTASSETS
Stocks					15	1,779		1,779	1,746
Debtors					16	115,538	1,250	104,631	89,529
Cash at bank and in hand						275,684	13,916	289,600	681,227
						393,002	15,165	396,010	772,502
CREDITORS: amounts	falling due
within one year					17	102,741	15,166	105,750	62,557
NET CURRENT ASSETS						290,260		290,260	709,944
CREDITORS: amounts	falling due
after one year					18	3,678		3,678	4,766
NETASSETS						9,450,600	5,946	9,456,545	8,301,056
THE FUNDS OF THE CHARITY:
Restricted Income Funds					20	120,132		120,132	95,276
Unrestricted Income Funds:
Designated Funds:
Fixed Asset Reserve		Fund			20	515,732		515,732	367,516
Strategic Property	Investment		Reserve		20	5,629,994		5,629,994	4,529,030
Leper Chapel &Barnwell Meadows				Fund	20	107,738		107,738	107,967
Estate Improvement		Fund			20	100,000		100,000
Non Designated Funds:
General Fund						2,977,003	5,946	2,982,949	3,201,267
TOTAL CHARITY FUNDS					21	9,450,599	5,946	9,456,545	8,301,056

CAMBRIDGE PAST, PRESENT &FUTURE				Registered	number:	c A M a	R	I D G E
				(England and Wales)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2021
					Note	2021		2020f
Cash flows from operating activities:
Net cash used in operating activities					a)	108,942		(96,176)
Cash flows from investing activities:
Dividends, interest and rents from investments						122,386		126,956
Proceeds from the sale of property, plant and equipment
Purchase ofproperty, plant and equipment						(171,057)		(7,770)
Proceeds from sale ofinvestments						250,000		3,217,680
Purchase ofinvestments						~201,898	~3,032,908
Net cash (used in)/provided by investing	activities					(500,569)		303,959
Change in cash and cash equivalents in the		reporting	period			(391,627)		207,783
Cash and cash equivalents at the beginning		ofthe reporting		period		681,227		473,444
Cash and cash equivalents at the end ofthe		reporting	period		b)	289,600		681,227
Notes to the Statement ofCash Flows
a) Reconciliation ofnet income forthe year to net cash flow				from operating	activities
Net (expenditure)fincome for the reporting	period					1,155,489		(271,543)
Depreciation charges						16,895		16,070
Losses/(Gains) on investments						(568,960)		283,890
Unrealised gains on investment properties						(399,066)
Dividends, interest and rents from investments						(122,386)		(126,956)
(Profit)/loss on sale offixed assets
(increase)/decrease in stocks						(33)		523
Decrease/(increase) in debtors						(15,102)		(7,945)
(Decrease)/increase in creditors						42,104		9,785
Net cash inflow/(used) in operating activities						108.982	~96.126
b) Analysis ofcash and cash equivalents
Cash at bank and in hand						289,600		681,227

INCOME FROM DO	NATIONS AND	LEGACIES
			2021		2020
			Unrestriicted	Restricted	Unrestricted	Restricted
			6	6	E
Grants and donations			79,194	170,095	13,431	167,368
Legacies and bequests			60,282		16,175
			139,475	170,095	29,606	167,368
INCOME FROM CHARITABLE ACTIVITIES
			2021		2020
			Unrestricted	Restricted	Unrestricted	Restricted
					E	6
a.Estates
Grants &donations			14,394		17,778
Rents received			166,565		152,640
Visitor collection boxes			5		2,114
Other income			8,650		4,941
Sales and sundries			7,546		1,412
			197,160		178,885
b.Education and awareness
Grants &donations			230		220
School visits			1,025		21,129
Other users			12		3,989
			1,267		25,338
c.Communication	&Membership	Services
Subscriptions			63,170		48,808
Events			943		3,295
			64,113		52,103

						ACtMtlsS	Governance
						undertaken	support costs	Total Charity	Trading	Total Charity
Activity						dlmctly 6	(note 7)	unrestricted	Subsidiary 6	Restricted 6	2S2t Total 6
Estates						193,344	71,595	264,939	2,918	130,433	398,290
Planning	&Green Spaces Campaign					14,045	6,897	20,941			20,941
Educaffon	and		Awareness			19,828	19,588	39,416			39,416
Communication			8 Membership		Services	65,360	29311	94671			94,671
						292,576	127,391	419,967	2,918	130,433	553,318
.SUPPORT COSTS
										Communic-	Planning &
									Education	ation a	Green
									and	Membemhtp	SPSCSS
									Awamness	Sslvlcss	Campaign
									6	6
Administrative			salaries and expenses					15,300	5,240	7,860	1,961
Office rates,		light, heat and repairs						3,270	1,120	1,680	419
Insurance								13,000	1,300	1,300	433
Postage,	stationery			and telephone				5,057	2,334	3,621	576
Publications		and subsuiptions						82		494	123
Sundry expenses								82	28	42	10
Depreciation								629	215	323	81
Governance		(note 8)						34,175	9,350	13,991	3,292
								71,595	19,588	29,311	6,897

. ANALYSIS OF STAFF COSTSAND REMUNERATION	OF KEYMANAGEMENT PERSONNEL
	2021f	2020f
Wages and salaries	240,354	247,482
Pension costs	10,769	8,819
Social security costs	16,433	17,386
	267,556	273,687

TANGIBLE FIXEDA	SSETSCHARIlY	AND GROUP
	Freehold				Subsidiary
	land &	Fixtures	Estate	Charity	plant	&	Group
	buildings	and fittings	equipment	Total	equipment		Total
	8		F	8	8
Cost orvaluation:
At 1 April 2020	422,716	47,050	95,830	565,597			565,597
Additions	153,473	2,664	8,256	164,393	6,664		171,057
Disposals
At 31 March 2021	576,189	49,714	104,086	729,989	6,664		736,653
Depreciation:
At 1 April 2020	86,984	41,358	69,738	198,081			198,081
Charge for year	6,591	2,518	7,068	16,177		718	16,895
On disposals
At 31 March 2021	93,575	43,876	76,806	214,258		718	214976
Net book value:
At 31 March 2021	482,614	5838	27,280	515,732	5,946		521 678
At 31 March 2020	335,732	5,692	26,093	367,516			367,516

The hist	orica	l cost offreehold land and buildings co	mprises:
			Freehold
			Land &
			Buildings
			2021
			8
Wandlebury		estate	331,734
Coton			117,019
Bin Brook Meadows			40,000
Granchester			500
Hinxton	Mill		86,936
			576,189

		Investment	Quoted	Total
		Property	Investments	2021
Cost orvaluation:		8	E	F
As at 1 April	2020	4,529,030	2,699,332	7,228,362
Additions		701,898		701,898
Revaluation		399,066		399,066
Disposals			(250,000)	(250,000)
Realised gains on disposals			34,215	34,215
Unrealised	(losses)/gains		534,745	534745
At31 March	2021	5,629,994	3,018,292	8,648,286


. STOCKS					2021	2020
					Charity	Charity
					E	6
Books					1,779	1,746
. DEBTORS			2021	2021	2020	2020
			Charity	Subsidiary	Charity	Subsidiary
			6	6	6	F
Gift aid and legacies			9,192		7,446
Grants and other debtors			1,090		1,451
Prepayments			25,812	1,250	15,936	130
Amount due from trading		subsidiary	12,157		1,131
Accrued income - Rents			8,400		18,949
Accrued income - Other			58,887		45616
			115,538	1,250	90,530	130
. CREDITORS: amounts		falling due within one year
			2021	2021	2020	2020
			Charity	Subsidiary	Charity	Subsidiary
			E	F	6	6
Trade creditors			41,314	2,154	5,743
Accruals &deferred	income		47,668	855	41,273	720
Other creditors			12,671	12,157	13,874	1.131
Finance lease (see note		19)	1,088		948
			102,741	15,166	61,838	1,851


CREDITORS:	amounts	falling due after one year	2021	2020
			E	E
Finance lease (see note		19)	3,678	4,766
			3,678	4,766
OBLIGATIONS UNDER		FINANCE LEASES
Net obligations	repayable:		2021 6	2020f
Within one year			1,088	948
Between one and five years			3,678	4,766
			4,766	5,714

21.ANALY	SIS OF NETASSET	SBETWEEN FUNDS
		Tangible	Investments	Net	Total
		Fixed		Assets	2021
		Assets
		6
Restricted Designated Unrestricted	Funds Funds Funds	515,732 5,946 521,678	5,737,732 2,910,554 8,648,286	120,132 100,000 66,450 286,582	120,132 6,353,464 2,982,950 9,456,545

		UNRESTRICTED FUNDS	UNRESTRICTED FUNDS	RESTRICTED	TOTAL
		General	Designated	FUNDS	FUNDS
		Fund	Funds		2020
Income from:		E	6		E
Donations and legacies Charitable activities:		29,606		167,368	196,974
Estates Education and Awareness Communication &Membership Other trading activities:	Services	178,885 25,338 52,103			178,885 25,338 52,103
Subsidiary company turnover investment income Other Income		61,926 126,956 7,565			61,926 126,956 7,565
Total income		482,378		167,368	649,746
Expenditure on:
Raising funds:
Cost ofgenerating voluntary income Cost ofevents, book sales etc.		12,966 310			12,966 310
Investment management costs Charitable activities:		10,172			10,172
Estates Planning &Green Spaces Campaign Education and Awareness Communication &Membership Services Other expenditure -loss on disposal offixed		assets 282,908 35,038 64,987 91,721	5,450	133,846	422,205 35,038 64,987 91,721
Total expenditure		498,103	5,450	133,846	637,400
Net income/(expenditure) before	transfers	and
gains and losses on investments		(15,725)	(5,450)	33,522	12,347
Unrealised gains on investment properties
Unrealised (gains)/losses on investments Realised gains on investments Net income forthe year		(333,576) 49,686 (299,615)	(5,450)	33„522	(333,576) . 49,686 (271,543)
Transfers between funds:
Fixed Asset Reserve Fund Strategic Property Investment Reserve Leper Chapel &Bamwell Meadows Fund		8,299 250„000	(8,299) (250,000)
Restricted Fund Transfers		610		(610)
Net movement in funds		~40,707	~263,749	32,912	~271,343