2022-12-31-accounts

Page:
	Trustee's report
	Independent	auditor's report
	Consolidated		statement	of financial	activities
18	Consolidated		and charity	balance	sheet
19	Consolidated		cash flow	statement
20	Notes forming		part of the financial		statements

Futures Beneficiaries Institution	Futures Beneficiaries Institution	Futures Beneficiaries Institution	2022:	—"'e.	—"'e.
~Ro el Hollowa				New Inn		An interdisciplinary team of early career postdoctoral and senior scholars met
Specialist	area: Geography					to formulate a proposal plan to investigate micro-finance as a tool of climate
						adaptation in Cambodia and South India.
Universi	of Sheffield			Alton		A team oftalented molecular and cellular neurobiologists undergoing PhD
Specialist	area:			Station		training sought to advance their understanding of neuro-degenerative
Neuroscience						disease by writing up publications, theses and discussing ideas.
Canterbu	Christchurch			Old		A group of early and senior career academics and NHS mental health
Unlverslty				Parsonage		clinicians gathered to plan and write a follow-up study to a scoping project
Faculty of Medicine,			Health			on Covid-19 and its impact on the mental health of children and young
and Social Care.						people.
				Morpeth		The Classics outreach team of undergraduate students participated in a
Specialist	area:			Castle		Romans on the Tyne project, which focused on bringing the region's rich
School of	History, Classics					Roman history to all Tyneslde pupils for free, through accessible resources
&Archaeology						and the delivery of engaging workshops.
				Gargunnock		The Woodland Creation and Ecological Networks (the WrEN project) is a
Biological	& Environment			House		collaboration of academics, policy makers and practitioners furthering
Sciences						research on the restoration ofdegraded ecosystems.
Universi	of Leeds			Knowle	Hill	The members of the Digital Cultures research group at the University of
Specialist	area:					Leeds undertook a series of digital experiments. The group planned to
School of	Media and					design, prototype and evaluate a range of digital tools that will allow future
Communication						visitors to appreciate the significance of the Landmark building to a wider
						extent.
Universi	of Cambrid		e	Field House		A team from three universities across the UK whose geographical research
Specialist	area:					and expertise is being used to shape law and legal proceedings. The goal of
Geography						this Landmark stay was to synthesise the data to write a first-of-its-kind
						report which will be published by the Royal Geographical Society.
Unlversi	of Cambrid		e	Wilming ton		A group of PhD students at Cambridge, either medievalists in the English
Specialist	area:			Priory		faculty or working on medieval monasticism and Divinity, recreated the lived
English and Divinity						experience of monastic silence for the first half ofeach day. The experience
						was written up and uploaded to the internet in a blog.
Universi	of Liver	ool		Gargunnock		Go Higher is an access-level foundation course offered by the University	o
Specialist	area:			House		Liverpool, for students without previous academic qualifications wishing to go
Arts & Humanities						on to undergraduate study in the arts and humanities. Our cohort is comprised
						of mature students from non-traditional backgrounds, many of whom are on
						low incomes who may not have seen higher education as an attainable choice
						for them in the past. A past Landmark stay was described as "life changing".
Unlversi	of Manchester			Shelwick		This group is at the final stages of writing a co-edited book, Cultural Policyi
Specialist	area:			Court		Local: Understanding Cultural Policy as Situated Practice. The book, to be
Art History	and					published by Palgrave Macmillan later in 2022, began its life at a previous
Cultural Practices						Landmark Futures stay at Howthwaite in 2018, when a smaller group met to
						discuss common research themes and ideas.

Princi al Risk			Cate	o		Miti atin Actions
Increased costs due to		rising	External: Financial			Audit Committee carries out regular
inflation and economic			and	strategic		financial reviews. Forecasts are regularly
uncertainty.						revisited and updated; scenario planning
						has been developed and is ongoing.
						Plurali offundin sources.
Major incident	leading	to loss of	Operational:		Brand	Controls at operational level throughout	the
reputation			and	reputation		organisation; policies in place to comply
						with le al and re ulato re uirements.
Serious health	and safety		Operational:		Legal	Robust Health & Safety framework, policies
breach			and	regulatory		and procedures in place. In-house health
						and safet advisor a ointed in 2021.

Income and expenditure	Income and expenditure	Income and expenditure		Note	Unrestricted	Restricted	Total	Total
					Funds	Funds
					2022	2022	2022	2021
					K'000	R'000	R'000	E'000
Income from:
Donations and legacies					3,163	2,059	5,222	5,092
Charitable activities		- Income from
lettings and other	core operations				15,766		15,766	12,163
Investments					190		194	55
Other Income								2,746
Gain on disposal	of	fixed	assets
Totallncome					19,131	2,063	21,194	20,056
Expenditure on:
Raising funds					334	192	527	429
Charitable activities:
Expenditure on maintenance,
lettings and other	core operations				15,401	731	16,132	15,247
Total expenditure					15,735	924	16,659	15,676
Net Income					3,395	1,139	4,534	4,380
Transfers between		funds		17	3,872	(3,872)
Other recognised	gains:
Actuarial gain on	defined		benefit
pension scheme					47		47	(3)
Net movements	in	funds			7,314	(2,733)	4,581	4,377
Total funds brought		forward			59,291	5,271	64,562	60,185
Total funds carried		forward			60,605	2,538	69,143	64,562

		Note	Consolidated	Consolidated		Charity
			2022	2021	2022		2021
			K'000	E'000	K'000		F'000
Fixed assets Heritage assets			51,482	49,323	51,223		49,062
Other properties and infrastructure Plant and equipment		9 10	55 319	70 220	150		149
			51,856	49,613	51,373		49,211
Current assets
Stocks Debtors Current investments Cash at bank and in	hand	12 13 14	219 2,272 17,434 6,696	178 3,077 15,400 9,473	2,178 17,435 4,667		2,812 15,400 8,697
			26,621	28,128	24,280		26,909
Non-current Assets Donated asset held for sale			465	465	465		465
Creditors: amounts	falling due
within one year Payments received Creditors	in advance	15	(6,298) (3,233)	(8,759) (4,546)	(5,561) (2,714)		(7,841) (5,141)
			(9,531)	(13,305)	(8,275)		(12,982)
Net current and non-current		assets	17,555	15,288	16,471		14,392
Total assets less current liabilities			69,411	64,901	67,843		63,603
Provision for liabilities		16	(268)	(339)	(268)		(339)
Total net assets			69„143	64,562	67,575		63,264
Funds Restricted funds Designated funds General funds		17 17 17	2,538 13,204 53,401	5,271 13,275 46,016	2,275 13,204 52,096		5,010 13,275 44,979
Total Funds			69,143	64,562	67,575		63,264

					Note
						2022	2021
						f'000	F'000
Net income						4,534	4,377
(Gain)/loss on disposal of fixed assets						(8)	(1)
Depreciation						647	637
Interest received						(194)	(55)
(Increase)/decrease	in stocks					(41)	(2)
(Increase)/decrease	in debtors					806	(1,464)
Assets held for sale	excluded from cash flow
Proceeds from sale	ofassets held	for sale					1,200
(Decrease)/increase	in payments	in advance				(2,461)	2,509
(Decrease)/increase	in creditors					(1,313)	(194)
(Decrease)/increase	in provision					(71)	(23)
Cash flows from operating activities						1,898	6,984
Cash flows from investing activities
Purchase of tangible	fixed assets					(2,835)	(1,577)
Proceeds from sales	of tangible fixed assets					1	1
						(936)	5,408
Cash flows from financing activities
Interest received						194	55
(Decrease)/increase	in cash and	cash equivalents		in the year		(743)	5,463
Cash and cash equivalents at the		beginning	ofthe year			24,873	19,410
Cash and cash equivalents at the end ofthe year						24,130	24,873

Shipping		5 to 15years
Motor vehicles		4 years
Computers	and IT	4 years
Other		3to 10years

					2022	2021
					E'000	E'000
Income					17„893	16,664
Expenditure		on charitable		activities	(13,582)	(12,900)
Net Income					4,311	3,764
Total funds		brought	forward		63,264	59,500
Total funds		carried	forward		67,575	63,264
Represented		by:
Restricted	income funds				2,275	5,010
Unrestricted		income funds			65,300	58,254
					67,575	63,264

3	Analysis of Income	Analysis of Income	Analysis of Income							2022	2021
										E'000	f'000
a)	Unrestricted fundraising					Income
	Charitable Trusts									5	15
	Major individual	donations								42	26
	Patrons									221	174
	Raffle									58	76
	Other (including	numerous				individu		al donations)		229	252
	Legacies".
	Vince Chambers									384	463
	Marian J Cooke									14	44
	David Griffin									45	950
	Bernard H Wildt-Meyboom										330
	Gillian Allen									6
	Anthony Calvert									895
	Colin Cundy									5
	lan Goldthorpe									8
	Alice Laing									169
	Julie McCartney									358
	Clive Mills-Hicks									47
	Catherine Pritchard									96
	Beryl Siddons									44
	Ronald Smith									71
	Margaret Williams									422
	Suzanne M Williams									30
	Malcolm Braine										10
	Morwenna J Brooke										10
	Susan Garrod										10
	Jane Nussey										6
	Valerie Place										39
	Kay Jon Seymour-Walker										31
	Paris Muir Trobe	Wilson									22
	Other valuable legacies and gifts in							memory		14	4
										3,159	2,462
b)	Restricted fundralsing				income
	Grants:
	National Lottery	Heritage				Fund				553	130
	Historic England									687	1,166
	Historic Environment			Scotland						57	346
	For Lundy:
	Rural Payments	Agency								157	233
	Other									24	71
	Donations:
	Charitable Trusts									142	306
	Direct Mail appeals		(including				the Landmark		Fund)	62	290
	Major individual	donations								314	45
	Patrons									4	36
	Other									63	6
	Legacies and gifts in			memory							1
										2,063	2,630
	Total Fundraising		Income							5,222	5,092

operating income as shown below:	comprises other related government supp	ort (including Covid-related) rece	ived during the
		2022	2021
		Consolidated	Consolidated
		E'000	E'000
Coronavirus Job	Retention Scheme		279
Retail, Hospitality Culture Recovery	and Leisure Grant Fund Fund		1,915 551
Gain on disposal	offixed assets		1
		12	2,746

Analysis oftota	l expenditure
		Other	Other
	Staff	direct	allocated	Governance		Total	Total
	costs	costs	costs	Costs	Depreciation	2022	2021
	E'000	E'000	E'000	E'000	E'000	E'000	E'000
Fundraising costs	309	146	70			527	429
Expenditure
on lettings
and other
core
operations	5,454	9,188	754	90	646	16,132	15,247
Total
expenditure	5,763	9,334	824	92	646	16,659	15,676

Included	ln prior are:	2022	2021
		E'000	F'000
Auditor's	fees	56	43
Depreciation Operating lease rentals		647 196	637 179
Operating	lease income	235	186

rm contrac	ts analysed by function, was:
		2022	2021
		Number	Number
Charitable	activities	175	174
Fundraising		7	5
		182	179

				2022	2021
Remuneration	ofemployees			E'000	f'000
The aggregate remuneration Wages and salaries Social security costs Pensions		ofemployees	comprised:	5,186 375 202	4,614 313 181
				5,763	5,108

The number ofemployees	The number ofemployees	whose pay and taxable benefits	exceeded 260,000 in the respective	financial years
fell within the following	bands:		2022	2021
			Number	Number
f130,000 - 8139,999
2120,000 - f129,999
290,000 - F99,999
280,000 - F89,999
270,000 - 279,999
260,000 - F69,999

2022	2021
Number	Number

Investments in subsidi (continued)	aries
			The
	The	Landmark	Landmark
	Lundy	Trading	Trust
	Company	Shottesbrooke	(Auchinleck)	Total	Total
	Limited	Limited	Limited	2022	2021
	K'000	E'000	E'000	f.'000	E'000
Balance sheet
Fixed assets	224		259	483	402
Current assets	2,353			2,353	2,325
Creditors: amounts
falling due within one year	(1,268)			(1,269)	(1,430)
Net assetsl
(liabilities)	1,309		259	1,567	1,297
General funds	1,309			1,308	1,036
Restricted funds			259	259	261
Total funds	1,309		259	1,567	1,297

Heritage assets
	Freehold
	and long	Assets	Short
	Leasehold	under	Leasehold	Property
Consolidated	Properties f'000	construction f'000	Properties f'000	Fittings f'000	Total f'000
Cost or valuation
At 31 December 2021	58,824	1,713	3,188	2,313	66,039
Additions	225	2,573			2,798
Disposals			(110)		(110)
Transfers to expenditure		(87)			(87)
At 31 December 2022	59„049	4,199	3,078	2„313	68,639
Accumulated depreciation
At 31 December 2021	13,396		2,145	1,174	16,715
Charge for the year	372		134	46	552
Disposals			(110)		(110)
At 31 December 2022	13,768		2,169	1,220	17,157
Net book value
At 31 December 2022	45„281	4,199	909	1„093	51„482
At 31 December 2021	45,428	1,713	1,043	1,139	49,323
	Freehold
	and long	Assets	Short
	Leasehold	Under	Leasehold	Property
Charity	Properties f'000	Construction f'000	Properties f'000	Fittings f'000	Total f'000
Cost or valuation
At 31 December 2021	58,457	1,713	3,191	2,314	65,675
Additions	225	2,573			2,798
Disposals			(110)		(110)
Transfers to expenditure		(87)			(87)
At 31 December 2022	58,682	4,199	3,081	2,314	68,276
Accumulated depreciation
At 31 December 2021	13,294		2,145	1,174	16,613
Charge for the year	370		134	46	550
Disposals			(110)		(110)
At 31 December 2022	13,664		2,169	1,220	17,053
Net book value
At 31 December 2022	45,018	4„199	912	1,094	51,223
At 31 December 2021	45,168	1,713	1,042	1,139	49,062
	32

Other properties and infrastructure
	Infra-structure
Consolidated
	E'000
Cost or valuation
At 31 December 2021	557
At 31 December 2022	557
Accumulated depreciation At 31 December 2021	487
Charge for the year	15
At 31 December 2022	502
Net book value
At 31 December 2022	55
At 31 December 2021	70

Plant and equipment
Consolidated	Shipping f'000	Motor vehicles K'000	Computer equipment E'000	Other equipment 6'000	Total 8,'000
Cost or valuation
At 31 December 2021 Additions	795	422 43	494	710 136	2,421 180
Disposals		(45)		(2)	(48)
At 31 December 2022	795	420	494	844	2,553
Accumulated depreciation At 31 December 2021	795	401	494	512	2,202
Charge for the year Disposal		16 (45)		65 (2)	81 (47)
At 31 December 2022	795	372	494	575	2,236
Net book value At 31 December 2022		48		269	317
Net book value At 31 December 2021		21		198	219
		Motor	Computer	Other
Charity		vehicles E'000 Equipment E'000		Equipment E'000	Total E'000
Cost or valuation At 31 December 2021 Additions		272 33	449	348 16	1„068 49
Disposals		(62)			(62)
At 31 December 2022		243	449	364	1,055
Accumulated depreciation At 31 December 2021 Charge for the year Disposals		256 9 (62)	449	215 39	919 48 (62)
At 31 December 2022		203		254	905
Net book value At 31 December 2022		40		110	150
Net book value At 31 December 2021		16		133	149

Stocks
		Consolidated		Charity
		2022	2021	2022	2021
		K'000	E'000	K'000	E'000
Goods for resale		125	100
Raw materials	and consumables	38	20
Livestock		56	58
		219	178
Debtors
		Consolidated		Charity
		2022	2021	2022	2021
		f."000	E'000	K'000	E'000
Trade debtors Taxation and social security Prepayments and accrued income Subsidiary undertakings		192 2,065 14	226 360 2,491	189 1,988 1	219 360 2,232 1
		2,272	3,077	2,178	2,812

			Consolidated	Consolidated	Consolidated			Charity
			2022			2021	2022		2021
			E'000			E'000	E'000		E'000
Trade creditors			990			894	846		789
Taxation and social security Rent receipts in advance Other creditors Accruals and deferred income			214 152 1,213 650			99 151 1,525 1,877	170 152 883 650		76 151 1,511 1,509
Subsidiary undertakings			14				13		1,105
			3,233			4,546	2,714		5,141
During 2022 there was relates to future activity	no accruals and deferred (2021:2585,000). The		income brought	in respect ofthe forward amount			Historic England of 2585,000 was	grant income that partially utilised,
with exception of217,000 which was re-paid		by	31 December 2022.
Provision for liabilities
Provision for future pension costs			Consolidated 2022 2021				2022	Charity	2021
			f"000			f'000	F'000		F'000
At 1 January			339			362	339		354
Current Service Cost			(25)			(26)	(25)		(23)
Movement on required	provision		(46)				(46)
At 31 December			268			339	268		339

		General	Designated	Restricted	Total	Less	Total
		funds	funds	funds	consolidated	subsidiaries	charity
		f'000	f'000	f'000	f'000	f'000	f'000
At 31 December 2021		46,016	13,275	5,271	64,562	(1„298)	63,264
Income		17,401	1,730	2,063	21,194	(3,300)	17,894
Expenditure		(15,656)	(33)	(924)	(16,613)	3,030	(13,583)
Transfers	between
funds		5,640	(1,768)	(3,872)
At 31 December 2022		53,401	13,204	2,538	69,143	(1,568)	67,575

Statement of Funds —pr	evious year
	General	Designated	Restricted	Total	Less	Total
	funds	funds	funds	consolidated	Subsidiaries	charity
	f'000	f'000	f'000	f'000	f'000	f'000
At 31 December 2020 Income Expenditure	47,157 17,426 (14,020)	6,610	6,418 2,630 (1,659)	60,185 20,056 (15,679)	(685) (3,393) 2,780	59,500 16,663 (12,899)
Transfers between
funds	(4,547)	6,665	(2,118)
At 31 December 2021	46,016	13„275	5,271	64,562	(1,298)	63,264

Analysis of net	assets between	funds
		General	Designated	Restricted	Total
		Funds	Funds	Funds	2022
		f"000	f'000	f'000	f'000
Fund balances at 31 December
are represented	by:
Fixed assets		48,095	1,664	2,096	51,855
Non-current asset —re-sale		465			465
Current assets		14,749	11,540	442	26„731
Current liabilities		(9,640)			(9„640)
Provisions		(268)			(268)
Total net assets		53,401	13„204	2,538	69„143

Analysis of net	assets between f	unds —previous	year
		General	Designated	Restricted	Total
		Funds f'000	Funds f'000	Funds f'000	2021 f'000
Fund balances at 31 December
are represented	by:
Fixed assets		44,188	424	5,001	49,613
Current assets		15,472	12,851	270	28,593
Current liabilities		(13,305)			(13,305)
Provisions		(339)			(339)
Total net assets		46,016	13,275	5,271	64,562

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Financial commitments
Operating leases						2022	2021
						K'000	E'000
The following amounts represent	the total offuture	minimum		lease
payments under non-cancellable	operating leases	for	each	of the following
pel Iods:						Property	Property
- not later than one year - greater than one year and less than five years - greater than five years						196 586 1,837	179 560 1,302
						2022	2021
						K'000	E'000
The following amounts represent	the total offuture	minimum		lease receipts
under non-cancellable operating	leases for each ofthe following				periods:
						Property	Property
- not later than one year - greater than one year and less than five years - greater than five years						235 789 1,335	186 529 952
Capital commitments						2022	2021
						K'000	E'000
As at 31 December the Trust had capital commitments			as follows:
Capital expenditure contracted	for but not provided	in	the accounts			2,292	463
Capital expenditure authorised	but not contracted	for				1,243	4,266