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2021-03-31-accounts

Contents Page
Legal and administrative information
Report ofthe trustees 3-10
Independent auditor's report to the members 11-14
Consolidated statement offinancial activities for the year ended 15-16
31 March 2021
Consolidated statement offinancial activities for the year ended 17-18
31 March 2020
Consolidated balance sheet 19
Charitable
company		 balance sheet 20
Consolidated statement ofcash flows 21
Notes to the financial statements 22-37

Referenc e and Admini e and Admini e and Admini strative
Details		 ofthe Charity, i ts Trustees ts Trustees ts Trustees ts Trustees and Advis o rs
Directors and Trustees: R L V Isham (Chairman)
W R Butterfield, DL
Lady Robinson,
EA Brayshaw		 BA
(resigned		 26 April 2021)
C DJ Holborow, DL
RW Newman
C L Brudenell
JT G Harris
P A Fenton
Executive Director and Secretary: M Herrod
Registered office: Lamport
Hall
Lam port
Northampton
NN6 9HD
Company registration number: 1174289
Charity registration number: 267999
Auditor: Cooper Parry Group Limited
Chartered
Accountants		 &Statutory Auditor
One Central Boulevard
Blythe Valley Business Park
Solihull
B908BG
Bankers: Yorkshire Bank PLC
7 Gold Street
Northampton
NN1 1EN
Investment managers: Charles Stanley
25 Luke Street		 8 Co. Ltd
London
EC2A 4AR
Rathbones Investment Management Ltd
Port of Liverpool Building
Pier Head
Liverpool
L3 1NW
Newton
Investment		 Management Ltd
160Queen Victoria Street
London
EC4V 4LA

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Total Total
Notes 2021 2020
Fixed assets
Tangible assets
Investments		 9,902,567
18,394,274		 9,828,433
17,080,378
28,296,841 26,908,811
Current assets
Stocks
Debtors
Cash at bank and
in		 hand 9
10		 213,559
78,225
807,008		 262,241
78,995
852,423
1,098,792 1,193,659
Creditors: amounts
within one year		 falling due (103,780) (117,518)
Net current assets 995,012 1,076,141
Total assets less current liabilities 29,291,853 27,984,952
Capital funds
Endowment
Estate		 fund 12 24,869,567 23115918
Income funds
Restricted
fund - Preservation
Trust
Restricted
fund - Lamport
Church
Unrestricted
funds		 12
12
12		 4,169,218
18,741
234,327		 4,500,230
18,741
350,063
29,291,853 27,984,952

Consolidated
statement
o		 fcash flows for the year ended 31 March 2 021
2021 2020
Cash flows from operating activities 19 (161,618) (210,493)
Cash flows from investing activities 20 116,203 331,150
Cash flows from financing activities
Increase in cash in the year (45,415) 120,657
Total cash at the beginning ofthe year 852,423 731,766
Total cash at the end ofthe year 807,008 852,423

Restricted Restricted Restricted
Unrestricted Lamport
Church		 Endowment
Estate		 Preservation
Trust		 Total
2021		 Total
2020
P E E
Donations
and le
Voluntary
income		 acies 31,397 31,397
31,397 31,397 23
Income from charitable
activities
Shop sales and		 catering 45 45 10,297
45 45 10,297
Other tradin
activities
Commercial
trading
income
Event income and room hire		 596,235
17,473		 596,235
17,473		 577,758
98,100
House showing
admissions		 and concert 623 623 28,052
613,708 623 614,331 703,910
Other income
Sundry income
Profit on sale of tangible		 7,026 77,996 85,022 16,463
12,519
fixed asset
7,026 77,996 85,022 28,982
Income from investments
Rental income
Listed investment
income
Bank deposits		 12,190 328,545
100,143		 33,186 373,921
100 143		 368,154
128568
4,192
12,190 428,688 33,186 474,064 500,914
664,366 428,688 111,805 1,204,859 1,244,126

3. Resources expended expended expended
3.1 Expenditure on raising funds Restricted Restricted Restricted
Lamport Endowment Preservation Total Total
Unrestricted Church Estate Trust 2021 2020
E E E E
Farming
expenditure		 218,315 2,837 221,152 155,292
Enterprises expenditure 13,498 13,498 14,532
Fundraising trading and
direct costs 10,498
Staff costs 56,735 56,735 59,877
Share ofsupport costs 152,735 89,624 242,359 236,739
Investment management costs 30,579 30,579 30,121
441,283 120,203 2,837 564,323 507,059
3.2 Expenditure on charitable activities Restricted Restricted
Endowment Preservation Total Total
Unrestricted Estate Trust 2021 2020
F E
Shop cost ofsales
Share ofsupport costs		 8,039 497,928 505,967 (3,222)
578,792
8,039 497,928 505,967 575,570
3.3 Analysis ofsupport costs Restricted Restricted
Endowment Preservation Total Total
Unrestricted Estate Trust 2021 2020
E E E
Establishment 21,794 4,463 114,639 140,896 179,232
Equipment and repairs 34,221 8,831 23,019 66,071 84,421
Communications
Staff costs		 297 8,735
271,131		 9,032
271,131		 11,198
281,036
Management
Governance		 and finance
costs		 99,287
5,175		 71,970
4,360		 75,834
4,570		 247,091
14,105		 245,538
14,105
160,774 89,624 497,928 748,326 815,530
Split by activity: Restricted Restricted
Endowment Preservation Total Total
Unrestricted Estate Trust 2021 2020
P F
Cost ofgenerating
Charitable
activities		 funds 152,735
8,039		 89,624 497,928 242,359
505,967		 236,739
578,791
160,774 89,624 497,928 748,326 815,530

3.4 Governance costs Governance costs Restricted Restricted
Endowment Preservation Total Total
Unrestricted Estate Trust 2021 2020
E E F
Auditors remuneration 5,175 4,360 4,570 14,105 14,105
5,175 4,360 4,570 14,105 14,105
4. Net movement in funds is stated after: 2021 2020
E F
Depreciation
Auditors'
remuneration		 140,724
14,105		 170,189
14,105

A summary
ofth		 e results ofthe trading
subsidia		 ries
is set o		 ut below.
Lamport Lamport
Farms Enterprises Total Total
Limited Limited 2021 2020
E E E E
Turnover 615,447 17,522 632,969 703,260
Cost ofsales (219,626) (13,998) 233,624 (160,355)
Gross profit 395,821 3,524 399,345 542,905
Administration
costs		 (345,320) (15,355) 360,675 (351,243)
Other operating income 19,514 11,883 31,397
interest receivable 1,426
Interest payable and similar charges (4,000) (4,000) (4,000)
Net profit/(loss) 66,015 52 66,067 189,088
Gift aid payment to Lamport
Hall Preservation Trust Limited (107,357) (74,447) (181,804) (275,348)
Tax on profit/loss for the year
Retained
in subsidiary		 (41,342) (74,395) (115,737) (86,260)
The net assets and liabilities ofthe subsidiaries were:
Fixed assets 192,496 407 192,903 196,021
Current assets 295,494 37,947 333,441 423,677
Current
liabilities		 (254,395) (37,622) (292,017) (269,634)
Total assets less current liabilities 233,595 732 236,327 350,064
Aggregate
share		 capital and reserves 233,595 732 236,327 350,064
Staff costs
Staff costs during the year were as follows:
2021 2020
E E
Wages and salaries 298,534 289,033
Social security costs 25,290 28,350
Pension costs 12,713 23,530
336,537 340,913

employees
o		 fthe charity during the year as calculated on a full-time
equivalent
basis, was		 :
2021 2020
Number Number
Preservation
Administration		 and showing activity 5
5		 5
6
10

es to the financial state
Tangible fixed assets		 ments
for the yea		 r ended 31 March 2021
Freehold
The group land, Farm Implements
buildings improvements and Motor
and exhibits and woodlands equipment vehicles Total
E E F E
Cost or valuation
At 1 April 2020 10,975,609 310,440 792,052 26,570 12,104,671
Additions 129,323 5,162 65,811 16,000 216,296
Disposals (16,988) - (16,988)
At 31 March 2021 11,104,932 315,602 840,875 42,570 12,303,979
Depreciation
At 1 April 2020
Provided
in the year
Released on disposal		 1,366,145
86,055		 180,359
25,775		 717,294
22,493
(15,557)		 12,447
6,401
-		 2,276,245
140,724
(15,557)
At 31 March 2021 1,452,200 206,134 724,230 18,848 2,401,412
Net book value
At 31 March 2021 9,652,732 109,468 116,645 23,722 9,902,567
At 31 March 2020 9,609,464 130,081 74,758 14,123 9,828,433
The figur es stated abo ve for cost or valuation includes a valuation
as follows:
Freehold
land, buildings		 and exhibits
2021 2020
At 1997valuation
At cost 1 April 2020
Additions
in the year
Transfer to investment		 property E
10,246,230
729,379
129,323		 E
10,246,230
1,861,020
62,543
(1,194,184)
11,104,932 10,975,609

Tangible fixed assets (continued )
Freehold
The charity land,
buildings
and exhibits
E		 Implements
and
equipment
E		 Motor
vehicles		 Total
F
Cost or valuation
At 1 April 2020
Additions
Disposals		 9,234,793
129,323		 65,121
28,788
(5,452)		 12,574
16,000		 9,312,488
174,111
(5,452)
At 31 March 2021 9,364,116 88,457 28,574 9,481,147
Depreciation
At 1 April 2020
Provided
in the year
Released on disposal		 1,366,144
86,055		 53,708
4,807
(5,344)		 1,045
5,882		 1,420,897
96,744
(5,344)
At 31 March 2021 1,452,199 53,171 6,927 1,521,297
Net book value
At 31 March 2021 7,911,917 35,286 21,647 7,968,850
At 31 March 2020 7,868,649 11,413 11,529 7,891,591
The figures stated above for cost or valua tion
includes a valuation
as f		 ollows:
Freehold land, buildings and exhibits
2021 2020
At 1997 valuation
At cost 1 April 2019
Additions
in the year		 7,311,230
1,923,563
129,323		 7,311,230
1,861,020
62,543
9,364,116 9,234,793

investment Listed
Properties Investments Total
The Group F
Value at 1 April 2020 12,905,973 4,174,405 17,080,378
Additions
in the year at cost		 72,000 511,261 583,261
Disposal proceeds (351,397) (351,397)
Unrealised
gains/(losses)		 438,467 438,467
Realised gains 597,333 597,333
Movement
in cash		 awaiting investment (90,299) (90,299)
Revaluation 136,531 136,531
Market value at 31 March 2021 13,114,504 5,279,770 18,394,274
Shares in Investment Listed
The Charity subsidiary
undertakings		 Properties Investments Total
f
Value at 1 April 2020 7 23,459,973 4,174,405 27,634,385
Additions
in
the		 year at
cost 72,000 511,261 583,261
Disposal proceeds
Unrealised
gains/(losses)
Realised gains		 (351,397)
438,467
597,333		 (351,397)
438,467
597,333
Movement
in cash
Revaluation		 awaiting investment 447,031 (90,299) (90,299)
447,031
Market value at 31 March 2021 7 23,979,004 5,279,770 29,258,781

s to the fina
Stock		 ncial statements
for the year ended		 31 March 2021
The group
2021 2020
E
Consumable goods for resale 7,948 7,949
Live and dead stock, growing crops and cultivations and stores 205,611 254,292
213,559 262,241

Debtors
The group The charity
2021 2020 2021 2020
E F
Trade debtors 61,406 46,596 47,549 35,876
Amounts owed by group
undertakings 209,948 191,047
VAT 16,819 9,168 6,490 9,168
Prepayments and accrued income 23,231 19,543
78,225 78,995 263,987 255,634
The group The charity
2021 2020 2021 2020
F E
Trade creditors 68,051 73,811 49,119 31,053
Social security and other taxes 2,866 6,036 2,184 4,840
Accruais and deferred income 32,863 37,671 25,704 28,014
103,780 117,518 77,007 63,907
Deferred income represents
f		 ees invoiced
in advance
in		 respect offuture events and ren tal income.
The group The charity
E
At 31 March 2020 6,080
Amount released to incoming
Amount
deferred
in the year		 resources (6,080)
At 31 March 2021

12. Funds
Group Gains,
Balance at 1
April
2020		 Incoming
Resourcesf		 Resources
Expendedf		 Losses
and
Transfersf		 Balance at
31 March
2021f
Restricted funds
Endowment
Estate		 fund 23,115,998 428,688 (120,203) 1,445,164 24,869,567
Preservation
Trust
Bursary fund
Total Preservation		 fund
Trust fund		 4,440,033
60,197
4,500,230		 111,805
111,805		 (500,765)
(500,765)		 57,948
57,948		 4,109,021
60,197
4,169,218
Lamport Church 18,741 18,741
Total restricted funds 27,634,169 540,493 620,968 1,503,112 29,057,526
Unrestricted
funds
Non-charitable
trading		 funds 350,063 664,366 (449,322) (330,780) 234,327
Total unrestricted funds 350,063 664,366 449,322 330,780 234,327
27,984,952 1,204,859 1,070,290 1,172,332 29,291,853
Company Gains,
Balance at 1
April
2020
f		 incoming
Resources
f		 Resources
Expendedf		 Losses
and
Transfers
f		 Balance at
31 March
2021
f
Restricted funds
Endowment
Estate		 fund 31,563,328 562,688 (189,866) 1,482,832 33,418,982
Preservation
Trust
- Bursary fund
Total Preservation		 fund
Trust fund		 4,805,803
60,197
4,866,000		 378,250
378,250		 (500,765)
(500,765)		 1,482,832 4,683,288
60,197
4,743,485
Lamport Church 18,741 18,741
36,448,069 940,938 690,631 1,482,832 38,181,208

Unrestricted Lamport Endowment Preservation Total
funds Church Estate fund Trust fund funds
F F F E
Fund balances at 31 March 2021
are represented
by:
Tangible fixed assets
Fixed asset investments
Current assets
Current
liabilities
Intra-fund
indebtedness		 192,903
289,943
(57,085)
(191,434)		 18,741 2,031,451
18,394,274
522,902
(24,386)
3,945,326		 7,678,213
267,206
(22,309)
(3,753,892)		 9,902,567
18,394,274
1,098,792
(103,780)
Total net assets
at 31 March 2021 234,327 18,741 24,869,567 4,169,218 29,291,853
Unrestricted Lamport Endowment Preservation Total
funds Church Estate fund Trust fund funds
E F E E
Fund balances at 31 March 2020
are represented
by:
Tangible fixed assets
Fixed asset investments
Current assets
Current
liabilities
Intra-fund
indebtedness		 196,021
398,695
(54,047)
(190,606)		 18,741 1,956,882
17,080,385
535,362
(22,895)
3,200,416		 7,675,523
16,675
(22,269)
(3,028,551)		 9,828,426
17,080,385
1,193,659
(117,518)
Total net assets
at 31 March 2020 350,063 18,741 23,115,198 4,500,230 27,984,952

The balance due from wholly owned subsidiaries
is disclo
19.Reconciliation
of net movement
in funds to net cash		 sed
in note 10.
flow from operating
activities
2021 2020
F
Net movement
in funds
Investment
income		 1,306,901
(474,064)		 3,630,265
(500,814)
(Gains)/losses
on investments
Depreciation
(Loss)/profit
on disposal offixed assets
Decrease/(increase)
in stock
Decrease/(increase)
in debtors
(Decrease)/increase
in creditors		 (1,172,332)
140,724
1,431
48,682
770
(13,730)		 (3,468,768)
170,189
(12,519)
(40,178)
(13,324)
24,656
(161,618) (210,493)
20.Cash flows from investing
activities
2021 2020
F
Investment
income
Purchase
of listed investments
Disposal proceeds from listed investments
Movement
in cash awaiting
investment
Purchase oftangible
fixed assets
Receipt from sale offixed assets		 474,064
(583,261)
351,397
90,299
(216,296)		 500,814
(385,562)
408,030
(120,914)
(92,608)
21,390
116,203 331,150

Lamport Endowment Preservation Total Total
Church Estate fund Trust fund 2021 2020
Income and expenditure P E E
Incoming resources
Rents received 458,545 33,686 492,231 492,337
Concert admission 75 75 4,212
House showing 548 548 23,839
Service charges 84,141 84,141 81,499
Investment
income		 104,143 104,143 135,334
Gift aid 181,803 181,803 276,068
Donations
and grants		 23
Profit (loss) on sale offixed assets 12,519
Sundry income 77,997 77,997 8,367
Insurance
claim		 5,013
Total incoming
resources		 562,688 378,250 940,938 1,039,211
Resources expended
Direct charitable
expenditure
Staff costs 271,131 271,131 281,036
Depreciation 54,755 43,045 97,800 114,678
Repairs and renewals 8,831 52,917 61,748 70,186
Other 26,038 133,672 159,710 214,827
89,624 500,765 590,389 680,727
Fundraising
and publicity		 1,469
Management
and administration		 100,242 100,242 108,543
100,242 100,242 110,012
Total resources expended 189,866 500,765 690,631 790,739
Net (outgoing)/incoming
before other recognised		 resources
losses		 372,822 (122,515) 250,307 248,472
Other recognised losses
Net gains/(losses)
on investment
assets		 1,482,832 1,482,832 878,015
Net movements
in funds		 1,855,654 (122,515) 1,733,139 1,126,487
Fund balances
brought
At 1 April 2020		 forward 18,741 31,563,328 4,866,000 36,448,069 35,321,582
Fund balances carried forward
at 31 March 2021 18,741 33,418,982 4,743,485 38,181,208 36,448,069