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2020-12-31-accounts

Page
Trustees' Report
Statement ofTrustees' Responsibilities
Accountants'
report		 10
Statement of Financial Activities 12
Income and Expenditure account 13
Recognised
Gains and		 Losses 13
Movements
in Accumulated
Funds		 14
Balance Sheet 15
Notes to the Accounts 16
Detailed Statement ofFinancial Activities 23

for the year ended 31Dece m ber 2020
Endowment Unrestricted Restricted Total Last Year
Funda Funds Funds Funds TotalFunds
2020
0		 2020
t		 2020
f		 2020f 2018
Iuroming
resources
Investment
Income		 83,038 83,038 67,276
Incoming resources corn charitable scavities 151,551 151,561 151,451
Total Incoming resources 214,59S 214,699 218,757
Investment
msnsgumuni
costs		 13.605 13.605 13.513
Costs afcharitatgs ac6vitics 13'1,181 131,181 107,910
Governance
costa		 50,544 50,544 be,rzb
Total resources expended 156,339 186,330 175,151
Net Incoming resources
before tmftefora basuoon rtrnde 19,259 19.259 40,505
Net incoming resources before
other recognised
gains and		 losses 19.268 19,268 40.606
Other recognised
gains and		 losses
Gains on investment
assets		 62,851 62,851 191,701
Net movement
In funds		 82,120 62,120 222,307
Recortcglagoa
offtfnde
Total funds
brought
forward		 1,773,508 1,476,255 217,$04 3,468,36'7 3,247,060
Total Funds carried fonuard 1,773,606 1,660.376 217,304 3.551,487 3A69.367
The nei movumuni
in tursis mfurrud		 iu above iv the uet incoming resources as defined in thc Statement ofRecommended Pmctfcc for Accounting
and
Reporting
issued by the chsnty		 commission ror England 8 wrgaa and is reconciled to the total funds as shown in the Science sheet on page 16us
mcuired
by the said statement.

2020 2019
5 8
Turnover 151,561 151,481
Direct casts ofturnover 144,786 121,423
Gros!Isurplus 6,775 30,058
Govoinsnce costs 56,728
Operating
dedclt		 (43,780) (26,670)
Realised Gains on invesimenis (8,836) 00,426
Income rmm other iixed asset investments 62,682 64.857
Interest receivable 358 2,419
Surplus on Culinary souvitlss before tax 10,433 140,032
Surplus forgio tlnanclsl
year		 10,433 140,033
Aatslnad surplus forthe llnanrlal year 10,433 140,032
Aa sodvltlss dsrlvs from contlnuina
opersuons
Statement ofTotal Recognised Gains and Losses
forths year ended 31December 2020
2020 2019
Exosss ofincome over Expenditure before res(isation ofassets 10,433 100.734
Realised Oains on endowment
investmanis		 39206
Pro6t i(Loss) per Profit xnd Loss account 10,433 140,032
Unieeiised
rtsins on investments		 7'I 667 62,275
Net Movement
In funds before taxation		 82.120 222 307
the notes on pages 16to 23foun an Integral part ofthese accounts.
Revenue accumulated Revenue accumulated Revenue accumulated funds funds funds Umestrictsd Restricted Restricted Total
Lastyear		 Total
Lastyear
Funda Funds Funds
Total		 Funds
2020 2020f 2020f 2019
f
Accumulated fUnds brought forward 600,137 609,137 615,752
Recognised gains and losses before transfers 0346 9,346 40.606
618.463 610,403 656,356
Tmnvasv
(to)/hcm designated		 funds 30,000 30,000 147.221
Ctosisg revenue accumulated funda 599,463 566,493 609,137
Designated revenue funds Total
Lastyear
Funda
TetalFunds
2020 2019
E E
At 1 January 527.708 516.305
Rccognisod gains and losses before trsnsfem 32207 11.403
At 31December 559915 527.706
The purposes for which ths designated funds have been established are described in the notes to the accounts
Endowment
funds		 Endowment
Endowment
Funds
Total Funda
2020 2019
E
Endowment funds brought folrmrd 1,773,606 1,651,636
Recognised gains anu losses before transfers 3E571 122.172
1810.379 1,773.800
Fixed sasst funds Designated Restricted Total
Last year
Funds Funds Funds
Total Funds
2020 2020 2020 2019
E E E
At 1 January 341,410 217,304 550,7i4 463,367
Transfer goyficm revenue accumulated funds 20,000 20,000 95,347
Recognised gains and losses before transfers 13,996 13.996
At 31 December 375,406 217.304 592,719 555.714
Tha purpose ofthe transsus between Revenue Reserves Designated Funds and Fixed Asset Funds is described in ths notes to the accounts.
Summary of funds Endowrnem E.R.F Unrestricted Restricted Total
Last Year
Funds Funds Funds Funda Funds
Total Funds
2020 2020 2020 2020 2020 2019
E E E E
Revenue accumulated funds 566,463 588,463 609,137
Revenue designated lends Bse,el5 559,915 527,706
Flxscl asset llindii 375,406 217,304 592,710 558,714
Endowment funds 1910379 1 610379 1 773600
Total funds 1,810.379 550.915 083,888 217,304 3,551,487 3,469,367
The statement ofchanges in resources applied for fixed assets for Charity use isshown In the notes tothe accounts

Lancelot Hastuok Trust
Notes toths Accounts
for the year ended 31Qeoember 2020
10 Debtms 2020 2019
6 2
Maintenance
fees debtors		 646 726
Prepaid expenses
4,011 3,796
11 Inveslments
held as current assets		 2020 2019
6 6
Listed investments 34O,O72 316,427
12 Creditors: amounts
fanlng		 due within one year 2029 2019
e 2
Accrued expenses 30,215 6,168
PATE and Nl 496 484
Other Creditors
34,210 14,992
13 Analysis ofthe Net Movement
ln Funds		 2019
5
Net movement
in funos rrom statement		 ot Financial Activities 19,269 40,696
The net resources
applied		 on functional fixed assets and ihe net investment repmsents the cost of
sddmons fess pnccsds or any Msposois.

status ofthis schedule to the stntornent efFinancial Aeuvltlee status ofthis schedule to the stntornent efFinancial Aeuvltlee status ofthis schedule to the stntornent efFinancial Aeuvltlee status ofthis schedule to the stntornent efFinancial Aeuvltlee status ofthis schedule to the stntornent efFinancial Aeuvltlee status ofthis schedule to the stntornent efFinancial Aeuvltlee
The schedules
an the following pages are required
by the disdosurs
requimmenb
Repcrfing nsued
by Ne Charil Ccmmknuoncre
for England 8Wales. .		 clNc 6tatcmcnt of Rocommcndcd Practice for Accounbng
end
As such, Ney farm 9patt ofNe accounts required by the chadbes (Accourds end Rcporb) Regulebons.
Incoming Resources 2020 2019
8 5
Endowment Unresblcted
Restricted		 Totsi Prior Penod
Funds Funda Funds Funds Total Funds
2620 2020 2020 2020 2010
Incoming Resources from generated funds 5 f
Voluntary
Income
Gnmte, legacies snd donsgons
Total Voluntary
Income
Investment
Income
Income fram listed fixed asset investmshls 62,882 5Z,58Z 54,857
ONer bank deposit intcrost received 366 336 2,419
Total Investment
Income		 63,038 63,030 67,275
incoming
resources from charitable activities
Mwnlenence
Revenue		 150,941 159,94'I 159,762
Other enngary
ending to benefit benefrdariee		 620 620 719
Total Incoming resources from
charitable
activities		 151,681 161,661 161,4$1
Total Incoming Resources 214,655 214,699 219,757
(gahts on investment
assets
Realised posses jlgalns on invesbnenls (8.035I (0,836) 99.426
Unrevised
Gains on inveermenn		 7149I7 71,687 52,275
02 01 62661 161ta1
Invesunera
management
costs
Invostment
managmncnt
fees		 13,605 13505 13513
Coslv reesocelvd from governance costs
13606 13,$06 IS513
cnarnaute
enpendnure
Cosm ofecllvldee
Infnrtberence		 orIhe chanfly'4 ohfecdves
General Repslm snd Maintenance 73,900 73.900 52,914
Icbdvrne, Bathrooms
nnd boilers		 7,317 7,317 2,202
Cer Perk 9,535
Rnbw nnd water rates 6.547 5,547 5,961
Light 6heat (nel or refunce) 2,457 2.457 2.021
Inauranco 8.2S6 6.236 5.155
90487 96407 70,716
support eovrv nfcherrbrble evnvarav
Site Managers'
8alanes		 16,714 15,714 15,351
Pension ccntributlone
charitable		 ernployecs I414 1414 1 346
25192
Governance
casts		 that ars not direct management that ars not direct management that ars not direct management that ars not direct management that ars not direct management functions inlrwent in generating
funda, service delivery and programme orprefect worff
(induding
management		 end edministradon costs)
2020 2019
E E
Endowrooot Unrestricted Restricted Total Prior Period
Funds Funds Funds Funds Total Futtds
2020 2020 2020 2020 2019
6pscmc govonssncs costs
Clerks loss 14,855 14,asfi 14,562
independent
Examiners		 Fees 3.354 3.354 3.405
Legal fess 504 604 2,160
Depreciation
offixod		 assets used forgovernance 11,214 11,214 10,957
Nsnsesfnant
and admfnkrrm		 lion oasis
Employee cosbtt
Finance officors lass 10,720 10.720 10.308
Pension 4,333 4,333 3,972
General sdrntnistrsd vs exponsos:
Telephone
snd fsx		 2,120 2,120 1.849
Postseo, slafionsry
and		 printing 228 228 193
Ssbscdp5ons 371 371 501
Sofsvore snd wsb costs 744 744 295
Psyroc costs
Hooter ond ssloty costs 110 110 4,215
Advsrsdng
snd PR		 l,tot
Bank charges 154 154 440
Sundry expanses 624 624
Total governance costs after reallocation 50,544 68,728
Analysis ofusnsfers between funds
Transfer lor(fmm) unrestricted (30,000) (30,000} (47,221)
Transfer tor(from) dao fixsss to be anslysod funhor 20,000 20.000 57221
Transfer Essa ordinary ropsim fund 10,000 10,000 (10,000}