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2022-04-05-accounts

2022 2022 2021
Unrestricted Designated Funds Unrestricted
Designated
Estate Educational Conservation Total Total
Notes Fund Sub-Fund Fund Funds Funds
£ £ £ £ £
Incomefrom:
Donations and legacies 2 150,000 - - 150,000 -
Investment income 3 374,173 13,613 7,755 395,541 403,659
Income from charitable
activities 4 10,727 51,105 - 61,832 58,309
Total income
534,900

64,718

7,755

607,373

461,968
Expenditure on:
Raising funds 5 195,040 6,802 3,919 205,761 234,369
Charitable activities 6 215,533 54,784 23,500 293,817 229,908
Total expenditure
410,573

61,586

27,419

499,578

464,277
Income/(expenditure) before
124,327

3,132

(19,664)

107,795

(2,309)
gains on investment assets
Realised net gains on
investment assets 11/12 215,805 = 50,147 265,952 162,325
Unrealised net gains on
investmentassets
11/12 995,462 = (23,574) 971,888 1,373,812
Net income/(expenditure)
1,335,594

3,132

6,909

1,345,635

1,533,828
Transfers between funds 21 (12,868) (3,132) 16,000 7 -
Net gains onfair value of 11 - 246,000 - 246,000 1,403,160
heritage assets
Net income and net
movementin funds 1,322,726 246,000 22,909 1,591,635 2,936,988
Total funds brought
forward 19,098,487 3,845,100 629,921 23,573,508 20,636,520
Total funds carried
forward 20,421,213 4,091,100 652,830 25,165,143 23,573,508

Notes 2022 2021
Fixed assets
Estate fund
Intangibles 10 1,284
Estate fund
Investment property 11 18,189,120 17,061,645
Quoted investments 12 2,056,685 1,874,636
Educational sub-fund
Heritage assets 11 4,095,000 3,849,000
Conservation fund
Quoted investments 12 645,043 622,187
Total fixed assets 24,985,848 23,408,752
Current assets
Debtors
13 43,810 33,537
Investments
Cashat bank
14
15
207,486 191,251
Total current assets “251,296 224,788
Creditors: amountsfalling due within one year 16 (72,001) (60,032)
Net current assets 479,295 164,756
Total net assets 25,165,143 23,573,508
The fundsof the charity
Unrestricted designated funds:
Estate fund 21 20,421,213 19,098,487
Educational sub-fund 4,091,100 3,845,100
Conservation fund 21 652,830 629,921
Total charity funds 25,165,143 23,573,508

Notes 2022 2022 2021 2021
£ £ £ £
Net cash used in operating
activities 20 (314,078) (434,745)
Cashflows from investing
activities:
Investment incomeand rents 3 395,541 403,659
Purchaseoftangible fixed assets 11 (9,019) (6,960)
Net proceedsfrom sale ofcurrent
asset investments 6 - 231,200
Purchaseoffixed asset
investments 12 (1,625,129) (803,612)
Proceedsfrom sale offixed asset
investments 12 1,568,920 705,442
Cashflows provided by
investing activities 330,313 529,729
Change in cash and cash
equivalents in year
16,235 94,984
Cash and cash equivalents
broughtforward 191,251 96,267
Cash and cash equivalents carried
forward 207,486 191,251
Representedby:
Cashat bank 15 207,486 191,251
Analysis of changesin net debt
Other non- 5 April
6 April 2021 cash 2022
Cashflow changes
£ £ £ £
Cashat bank balances 191,251
16,235
-
207,486

2022 2022 2021
Donations and Estate Educational Conservation Total Total
legacies Fund Sub-fund Fund Funds Funds
£ £ £ £ £
Donations 50,000 - - 50,000 -
Legacies 100,000 - - 100,000 -

150,000

oe

/

-

150,000
=

2022 2022 2021
3 Investment income Estate Educational Conservation Total Total
Fund Sub-fund Fund Funds Funds
£ £ £ £ £
Total rental income 350,977 13,613 - 364,590 365,873
Equity income:
Netinterest 4,537 - 1,575 6,112 7,550
Dividends 18,430 - 6,178 24,608 30,136
Bankinterest:
Plashett Estate
accounts 224 - - 224 98
Deposit account - - - - 2
Cazenove income 5 - 2 7
account

374,173

13,613

7,755

395,541

403,659

2021


380,029


13,566


10,064


-


403,659
2022 2021
4 Income from Estate Educational Conservation Total Total
charitable activities Fund Sub-fund Fund Funds Funds
£ £ £ £ £
Woodland maintenance - 28,359 - 28,359 23,391
Grants 10,727 22,746 - 33,473 34,918

10,727

51,105

-

61,832

58,309

2021

12,172

46,137

-
-
58,309

2022 2022 2021
Estate Educational Conservation Total Total
5 Raising funds Fund Sub-fund Fund Funds Funds
£ £ £ £ £
Property repairs 75,931 - - 75,931 91,481
Estate management 20,994 5,558 - 26,552 26,954
Rates and water 5,316 - - 5,316 2,488
Subscriptions 464 - - 464 456
Insurance 9,632 - - 9,632 10,965
Other estate fees 42,471 - - 42,471 13,483
IrrecoverableVAT 20,482 - - 20,482 21,989
Donations - - - - 1,000
Professional fees - - - - 22,681
Rentcollection and 7,049 1,244 - 8,293 8,210
estate accountancy
Investment 11,357 - 3,919 15,276 13,457
managementfees
Sundry expenses 60 - - 60 96
Bad and doubtful debts - - - - 1,025
Amortisation 1,284 - - 1,284 1,284
Loss on sale of current
asset investments - - - - 18,800

195,040

6,802

3,919

205,761

234,369
2021

204,587


26,259


3,523


-


234,369
2022 2021
6 Charitable activities Estate Educational Conservation Total Total
Fund Sub-fund Fund Funds Funds
£ £ £ £ £
Grants paid* 190,380 - 20,100 210,480 156,175
Woodland expenditure - 51,384 - 51,384 46,303
Governancecosts 25,153 3,400 3,400 31,953 27,430

215,533

54,784

23,500

293,817

229,908
2021
162,955

49,703

17,250

-
229,908

costs comprised of:
2022 2021
Governance costs Estate Educational Conservation Total Total
Fund Sub-fund Fund Funds Funds
£ £ £ £ £
Auditor's remuneration 9,300 1,000 1,000 11,300 10,300
Accountancy and tax 9,200 1,000 1,000 11,200 8,650
Legal and professional 2,947 1,000 1,000 4,947 4,690
IrrecoverableVAT 3,706 400 400 4,506 3,790

25,153

3,400

3,400

31,95327,430

2021

20,630

3,400


3400


-


27,430

r more (either single or multiple donations) were asfollows:
2022 2021
£ £
4Sight Vision Support - 1,000
ABFTheSoldier's Charity 2,000
Action For Children - 1,000
Afghanistan Emergency Fundofthe Disasters Emergency 1,500 -
Age UK- East Sussex - 1,000
Alzheimer’s Research UK 1,000 -
Alzheimer’s Society 1,000
Asthma Relief - 1,000
Asthma UKand British Lung Foundation Partnership 1,000 -
Bipolar UK Ltd - 1,000
Books Abroad - 1,000
Bowel Disease Research Foundation - 1,000
Brain Tumour Support - 1,000
Brainwave - 1,000
Brighton & Hove Speak Out - 1,000
Brighton & Sussex University Hospitals NHS Trust Charitable Fund - 6,000
British Heart Foundation 1,000 -
British Liver Trust - 1,000
Cardinal Hume Centre 1,000 1,000
Care For Veterans 1,000 -
Carriedforward 8,500 19,000

OR THEYEAR ENDED5APRIL 2022
6 Charitable activities (continued)
Estate fund (continued) 2022 2021
£
Brought forward 8,500 19,000
Carers SupportWest Sussex 1,000
Caring ForLife 1,000
Caudwell Children 1,000
Chichester Information Shop forYoung People 1,000
Child Autism UK 1,000
Child Bereavement UK 1,000
ChildAid 1,000
Children With Cystic Fibrosis- Dream Holidays 1,000
Christian Aid 2,000
City Gate Community Projects
Colostomy UK (Colostomy Association Limited) 1,000
Combat Stress
Country Holidays for Inner City Kids
Crawley Open House
Cystic Fibrosis Trust
DameVera Lynn Children's Charity 1,000
De La WarrPavilion 1,000
Deafblind UK 1,000
DEMANDDesign & Manufacture ForDisability
Demelza HouseChildrens Hospital 1,000
Dementia Support 1,000
Down Syndrome DevelopmentTrust
East SussexAssociation Of Blind & Partially Sighted People
East Sussex Recovery Alliance
EmmausBrighton and Hove 1,000
Epilepsy Research UK
Excellent Development Limited 1,000
Family Holiday Association 1,000
Fight Against Blindness 1,000
Get Set Girls
Glyndebourne Productions Limited (formerly Glyndebourne Arts 1,000
Trust)
Handicapped Childrens Action Group 1,000
Happy Days Childrens Charity 1,000
Help2Read 1,000
Hindleap Warren London Youth 1,000
Home-Start Chichester & District
Hope ForTomorrow 1,000
Hospice In The Weald
Huntington's DiseaseAssociation
International Spinal Research Trust 1,000
J.P.K Sussex Project 1,000
Jigsaw (South East) 1,000
Juvenile Diabetes Research Foundation Limited (JDRF)
Leukaemia and Myeloma Research UK 1,000
Leukaemia UK 1,000
Listening Books
Macular Society
Carried forward 36,500

Estate fund (continued) 2021
Brought forward 41,000
Marie Curie Cancer Cure 1,000
Martlets Hospice
Meningitis Now
Microphthalmia, Anophthalmia & Coloboma Support (MACS)
Multiple Sclerosis Society 1,000
Muscular Dystrophy UK 1,000
My Action For Kids 1,000
National Kidney Federation 1,000
Pancreatic Cancer UK
Parkinson's Disease Society ofthe United Kingdom 1,000
Police Community Clubs of Great Britain
Porchlight 1,000
Pregnancy Options Centre
Project Harar
Queen Elizabeth Foundation For Disabled People
Revitalise 1,000
RingmerArea Community Land Trust
Rockinghorse Children’s Charity 1,000
Roy Castle Lung Cancer Foundation
Royal Marines Association
Royal National Institute of Blind People (RNIB) 1,000
Royal Voluntary Service 1,000
Seeing Dogs
Sense, The National Deafblind and Rubella Association (Sense) 1,000
Shelterbox Trust 1,500
Siblings Together
Sixty-One 1,000
South East Cancer Help Centre 1,000
SpinalInjuries Association 1,000
Spinal MuscularAtrophy
Spurgeons
St John’s Ambulance Hastings Homeless Service
St Wilfred’s Hospice (South Coast) 1,000
Stronbones Children’s Charitable Trust 1,000
The Anthony Nolan Trust
The Bevern Trust 1,000
The British and Foreign Bible Society 2,000
The British Diabetic Association
The British Forces Foundation
The Children’s Trust
The Congregation ofThe Little Sisters ofthe Poor 1,000
The Douglas Bader Foundation - DBF
The Gurkhas Welfare Trust 1,000
The Hands Up Foundation 1,000
The Institute ofCancer Research 1,000
The KEYSProject 1,000
The Leprosy Mission 1,000
The Matthew Trust 1,000

Estate fund (continued) 2022 2021
£ £
Brought forward 110,500 69,500
The Not Forgotten Association 1,000
The Parochial Church Council ofthe Ecclesiastical Parish of 1,000 1,000
Ringmer (Ringmer Parochial)
The Poppy Factory - 1,000
The PSP Association 1,000 -
The Respite Association 1,000 -
The Royal Marines Association - 1,000
TheSilverlining Charity 1,000 -
The Sussex Community Foundation 15,000 20,000
Thomas Morley Trust (The Disabled Sailors Association) 1,000 -
Tree of Hope Childrens Charity 1,000 -
Tuppenny Barn 1,000 -
Up N’ Away - 1,000
Volunteering Matters 1,000 -
Wings forWarriors 1,000 -
ZAWT (ZimbabweAgricultural Welfare Trust) 1,000 -
Total donations to charitable organisations over £1,000 135,500 94,500
Grants under£1,000 42,700 22,950
178,200 117,450
Chequeswritten off in the year as never banked:
Relate Brighton (1,000) -
St Mary’s Nursery (500) -
176,700 117,450
2022 2021
£ £
Woodland maintenance 35,537 28,316
Educationalvisits 7,067 10,457
Managementfees 8,780 7,530
51,384 46,303

2022 2021
£ £
Bearfield Church, Wiltshire 500
Broadstairs & St Peters Heritage Foundation 500
Blacklands C ofE Parish Church, Chichester Diocese 1,000
Brightling Parochial Church Council 1,000
Christ Church, Ore, Hastings 1,000
Churches Conservation Trust 1,000
Ditchling Museum ofArt + Craft 1,000
Endangered Species Protection Agency 1,000
Historic England 500
Holy Trinity Development Trust 500
Marine Conservation Society 500
National Art Collections Fund 2,000
Painshill Park Trust Limited 1,000
Rare Breeds Survival Trust 1,000
Southdown National Park 1,000
St Andrew's Church,Alfriston 1,000
St Clement& All Saints Church, Hastings 1,000
St Etheldreda’s, Fulham 1,000
St George’s Chruch, Parish ofWest Ginstead 1,000
St John The Baptist Church 1,000
St Michael’s Church, Plumpton, Lewes 1,000
St Olav Christian Bookshop, Chichester 1,000
Sussex Heritage Trust Limited 1,000
Sussex Wildlife Trust
The Ancient Monuments Society 500
The Donkey Sanctuary
The Frozen Arck Project 500
The Historic Chapels Trust 1,000
The Loughborough Belfoundry Trust
The MAKHADTrust 500
The SussexArchaeological Society (Sussex Past) 1,000
The Sussex Historic Churches Trust 100
The Viola Hull Trust
Valley Heritage
Village Water 1,000
Water Harvest
Windmill Hill, Windmill Trust
20,100

chargedasfollows:
2022 2021
£ £
RSM UKTax and Accounting Limited 11,400 20,729
Jayne Johnstone 2,839 -
IrrecoverableVAT 2,280 4,146
16,519 24,875
Auditor’s remuneration 2022 2021
£ £
RSM UKAudit LLP andits associates:
Audit services (inclusive ofVAT) 13,560 12,360
Accounting services (inclusive ofVAT) 27,120 35,255
40,680 47,615

2022 2021
Estate Educational Total Total
Fund Sub-fund Funds Funds
£ £ £ £
Basic Payment Scheme
entitlements
At 6 April 2021 & 5 April 2022 7,704 - 7,704 7,704
Amortisation


At 6 April 2021 6,420 - 6,420 5,136
Amortisation forthe year 1,284 - 1,284 1,284
At 5 April 2022
7,704


-


7,704


6,420
Carrying amount


At 5 April 2022 - - - 1,284
At 5 April 2021
1,284


-


1,284

2022 2021
Fair value Estate Educational Total Total
Fund Sub-fund Funds Funds
£ £ £ £
Broughtforward 17,061,645 3,849,000 20,910,645 18,480,245
Additions 9,019 - 9,019 6,960
Revaluationto fair value 1,118,456 246,000 1,364,456 2,423,440


18,189,120


4,095,000


22,284,120


20,910,645
2022 2021
12 Fixed asset investments Estate Conservation Total Total
Fund Fund Funds Funds
£ £ £ £
Quoted investments 1,972,616 622,714 2,595,330 2,419,737
Fundsheld at investment
managers 84,069 22,329 106,398 77,086

2,056,685

645,043

2,701,728

2,496,823
Quoted investments
Fair value brought forward 1,813,554 606,183 2,419,737 1,805,710
Additions 1,248,112 377,017 1,625,129 803,612
Disposals (1,181,861) (387,059) (1,568,920) (705,442)
Realised gains 215,805 50,147 265,952 162,325
Unrealised (losses)/gains (122,994) (23,574) (146,568) 353,532
Fair value carried forward

1,972,616


622,714


2,595,330


2,419,737
Costas at 5 April 2022
1,812,403


571,400


2,383,803


2,062,162

2022 2021
Total Total
Funds Funds
£ £
JP Morgan America Equity Fund 186,966 -
Vanguard S&P 500 UCIS ETF 182,500 -
Rebeco BP Global Premium Equities 149,573 139,927
519,039 139,927
2022 2021
Net gains/(losses) Estate Fund Educational Conservation Total Total
reconciliation Sub-Fund Fund Funds Funds
£ £ £ £ £
Investment assets
Net gain/(loss) on fixed 1,118,456 - - 1,118,456 1,020,280
asset investments—
property (note 11)
Quoted Investments
Net gains/(loss) on fixed
asset investments —
quoted investments:
Realised gains (note 12) 215,805 - 50,147 265,952 162,325
Unrealised gains/ (122,994) - (23,574) (146,568) 353,532
(losses) (note 12)
Heritage assets
Revaluation to fairvalue - 246,000 246,000 1,403,160
(note 11)

1,211,267

246,000


26,573


1,483,840


2,939,297

2022 2022 2021
13 Debtors Estate Educational Conservation Total Total
Fund Sub-fund Fund Funds Funds
£ £ £ £ £
Rentreceivable 34,067 - - 34,067 23,056
Prepayments and 8,074 - - 8,074 10,481
accrued income
Other debtors 1,669 - - 1,669 -



43,810



-



-



43,810



33,537


2022



2021
14 Investments Estate Educational Conservation Total Total
Fund Sub-fund Fund Funds Funds
£ £ £ £ £
Brought forward -
Investment properties - - - - 250,000
‘held for sale’
Disposals

-

-

-

-

(250,000)

On 14 May 2020 the Red Barn wassold

for £250,000, see note 6.
2022 2021
15 Cashbalances Estate Educational Conservation Total Total
Fund Sub-fund Fund Funds Funds
£ £ £ £ £
Barclays Bank plc 66,002 - 7,152 73,154 40,807
Strutt & Parker— client
account 133,697 - - 133,697 149,591
Cazenove income
accounts - - 635 635 853



199,699


-


7,787


207,486

191,251
2022 2021
16 Creditors Estate Educational Conservation Total Total
Fund Sub-fund Fund Funds Funds
£ £ £ £ £
Estate creditors 32,201 3,900 - 36,101 27,702
Accruals 24,900 - - 24,900 22,740
Other creditors 11,000 - - 11,000 9,590

68,101

3,900

-

72,001

60,032

17 Financial instruments 2022 2021
£ £
Carrying amountoffinancial assets
Instruments measuredatfair value through surplus 24,985,848 23,408,752

20 Reconciliation of net incometo net cash flowfrom operating 2022 2021
activities £ £
Net income/(expenditure) inclusive of recognised gains/(losses) 1,591,635 2,936,988
Amortisation 1,284 1,284
Loss on disposalof current asset investments - 18,800
Interest and rents from investments (395,541) (403,659)
(Gains) on investments (1,483,840) (2,939,297)
(Increase) in cash held with investment manager (29,312) (37,492)
(Increase)/decreasein debtors (10,273) 14,928
Increase/(decrease) in creditors 11,969 (26,297)
Net cash usedin operating activities (314,078) (434,745)

Balanceat Income Expenditure Netgains/ Transfers Balance at
6 April (losses) between 5 April
2021 funds 2022
£ £ & £ £ £
Estate fund 19,098,487 534,900 (410,573) 1,211,267 (12,868) 20,421,213
Educational
sub-fund 3,845,100 64,718 (61,586) 246,000 (3,132) 4,091,100
Conservation
fund 629,921 7,755 (27,419) 26,573 16,000 652,830


23,573,508


607,373


(499,578)


1,483,840


-


25,165,143

Balance at Income Expenditure Netgains/ Transfers Balance at
6 April (losses) between 5 April
2020 funds 2021
£ E £ £ £ £
Estate fund 17,617,009 392,201 (367,542) 1,405,579 51,240 19,098,487
Educational
sub-fund 2,442,368 59,703 (75,962) 1,403,160 15,831 3,845,100
Conservation
fund 577,143 10,064 (20,773) 130,558 (67,071) 629,921


20,636,520


461,968


(464,277)


2,939,297


-


23,573,508

Estate fund Educational Conservation Total
sub-fund fund
£ £ £ £
Fixed assets 18,189,120 4,095,000 - 22,284,120
Investments 2,056,685 - 645,043 2,701,728
Net current assets/(liabilities) 175,408 (3,900) 7,787 179,295


20,421,213


4,091,100


652,830


25,165,143
Analysis of net assets betweenfunds:prior year
Estate fund Educational Conservation Total
sub-fund fund
£ £ £ £
Fixed assets 17,062,929 3,849,000 - 20,911,929
Investments 1,874,636 - 622,187 2,496,823
Net current assets/(liabilities) 160,922 (3,900) 7,734 164,756

19,098,487

3,845,100

629,921

23,573,508