Docussn Eii¥twe10 879F21i44F8E.4AAD 8283-D769A4C76FIC Company No.. 1174289 Registered Charlty No: 267999 LAMPORT HALL PRESERVATION TRUST LIMITED IA COMPANY LIMITED BY GUARANTEEI AND ITS SUBSIDIARY UNDERTAKINGS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
OooJSvJn En¥eK)pe ID. 6i¥F£1344f BE4AA042&i-Di ¥yA4C.-6FI LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Financlal statements for the year ended 31 March 2023 Contents Page Legal and administrative information Report of the trustees 3-12 Independent audrtor's report to the membeTS 13-16 Consolidated statement of financial aetsvibes for the year ended 31 March 2023 17-18 Consolidated statement of financial activities for Ihe year ended 31 March 2022 19-20 Consolidated balance sheet 21 Charitable company balance sheet 22 Consolidated slaternent of eash flows 23 Notes lo the financial statements 24-40
O(KuSgn EnveKJp¢ 10 879F2134*fr@E4AAD426&DIDWCI6F IC LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Reference and Administrative Details of the Charity. its Trustees and Advisors R L V Isham Ichaimian) Lady Robinson, BA C D J Holborow. DL R W Newman C L Brudenell J T G Harris P A Fenton W R Butterfield. DL (resigned 18 June 20231 Direclors and Trustees.. Executive Director and Secretary.. M Herrod Registered office.. Lamport Hall Lamport NorthaTnpton NN6 9HD Company registration number.. 1174289 Charity registration number.. 267999 Auditor.. Cooper Parry Group Limited Slalulory Auditor Cubo Birmingham Two Chamberlain Square Birmingham 83 3AX Bankers.. Virgin Money 7 Gold Street Northampton NN1 1EN Investment managers". Charles Stanley & Co. Ltd 25 Luke Street London EC2A 4AR Ralhbones Investment Management Ltd Port of Liverpool Building Pier Head Liverpool L3 1NW Sarasins & Partners LLP Juxon House 100 St Paul's Churchyard London EC4M 8BU
D¢oJSign Enwelope ID 879F2134-6FBE-4AAD.82B3-D759A4C76F1C LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Reference and Administrative Details of the Charity. its Trustees and Advisors (continued) Solicitors.. HCR Hewitsons Lancaster House Nunn Mills Road Northampton NN15GE
LJoGuS¥JTr Envelope 10 81 9F2134-6F8E-4A4D.8283.0769A4C76FIC LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Annual report of the Trustees lincorporating the report of the Directors) for the year ended 31 March 2023 Structure. Governance and Management FORMATION The Lamport Hall Preservation Trust was formed by Sir Gyles Isham by Deed dated 181h June 1974. His intention at the lime was to grft the whole estate al Lamport into trust for the public benefit. On his death in 1976, within the terms of his will. Lamport Hall together with the outbuildings and park, pictures. books, silver, documents and other contents was passed to the newly created Preservation Trust. The balance of his eslale. comprising farms, houses and the village hall, were left by way of endowment to what is now named the Lamport Endowment Eslale. which fomis part of the Charity. The constitution of the Charity was formalised in 1986 by the adoption of a Consolidation document which also confimied the Charity as a company limiled by guarantee. The Trustees have fomied a farniing company, Lamport Fams Limited, originally lo actively fami 1.040 acres of the Endowment Estate and this enterprise has expanded lo approximately 1,400 acres as farm tenancies to third parties have ended This company gift aids Its taxable profits to the Endowment Estate. In addition, Lamport Enlerprises Limited was fomed in 1983 to trade around the Hall, outbuildings and parks and gift aids all of rts taxable profits to the Preservation Trust. TRUSTEES The Trustees that served during the year are listed below The Trustees continue lo serve lo the dale of this report.. R L V Isham (Chairman) W R Butterfield, DL ' Lady Robinson. BA C D J Holborrow. DL R W Newman C L Brudenell, DL J T G Harris P Fenton W R Butterfield retired as a Truslee and as a director of Lamport Farms Ltd and Lamport Enterprises Ltd on 16 February 2023 follown9 a lengthy and valued service to the Trust both as Chairman of Lamport Hall Preservation Trust, preceding the current Chairman and latterly. being Chairman of Lamport Fams Ltd. J T G Harris succeeded Mr. Butterfield as Chairman of Lamport Farms Ltd The intention Is that the Trustees represent a range of skills relevant to the Chanty. New Trustees are appointed only rf they can demonstrate to the current Trustees that Ihey". Havè a long temi commitment lo the Charity.. and will bring skills vthich are needed by and relevant to the objectives of the Charity. Before appointment. prospective Trustees are invited to attend a Trustees. meeting and given an in-depth tour of the Chaflty s lolal eslale together with a detailed commentary by the Executive Director on relevant issues relating lo the constituent parts and their contribution to the objectives of the Charity.
DocuSKJn Envew ID" 879F21344>F8E4AAU-w8&OiiiWCIDF IG LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Annual report of the Trustees (incorporating the report of the Directors) for the year ended 31 March 2023 (continued) TRUSTEES (continued) In addition. they are furnished with a copy of Ihe constrtution of the Charity, up to date financial information and a copy of the five year plan. The Board of Truslees as a body is conscious of the need lo keep abreast of legal developments and changes in order for them to ontribule lo the welfare of the Charrty. STRATEGIC MANAGEMENT The Trustees meet formally three limes each year to consider all matters of policy and management which are then given to the Execulive Director for implemenlalion. TACTICAL MANAGEMENT The Executive Director is responsible for Ihe implementalion of the Trustee5' policies and is the de facto Chief Executive of the Trust and ils associated businesses. He is in regular contact with his Chairmen and in particular the Chairmen of the Preservation Trusl and Farming Company. Three additional meetings each year are held between the Executive Director and all three Chairmen. One of these meetings acts as an audit & investment committee and includes a Trustee who is a businessman In addition an Eslale and Farm Walk takes place. usually late spnng or early autumn, when the Trustees view the properties and farm at first hand. RISK ASSESSMENT The Trustees have in place a Risk Regisler. This addresses the major govemance, operational. financial, repulalional, legal and regulatory risks which might impact upon the Trust's core purposes and key objectives. This builds on the existing risk management in many aspects of the Trust's work in areas such as financial managemenl. heallh and safety. fire and securily and disaster planning arrangements to protect both property and people. The Register is reviewed on an annual basis, and the Executive Director reports lo the trustees on an annual basis whether any changes have been made. A follow-up health and safety audit was undertaken by a specialist consultant. who prepared an updated report. The actions identified wthin the report have been completed. The Trust adopled a Tree Safety Policy for the Estate's land in March 2008 The Tree Safely Policy identifies and assesses hazards and risks and priorilises any works required. In accordance with the policy, checks are undertaken on an annual basis each spring. The Trusl also has a Health and Safely Policy which was prepared in 2021 under the supervision of a third party specialist. The Trust continues to have an annual Health and Safety Review and an annual inspection of Ihe fire extinguishing appliances In the Hall and outbuildings. The Tree Safety Policy and the Health and Safety Policy are reviewed on an annual basi5.
DOSn Envelope ID 879Fi134-6FBE.4A4D-8283.D-,6GA4C76FTC LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Annual report of the Trustees (incorporating the report of the Directors} for the year ended 31 March 2023 Icontinuedl ects and Activities OBJECTIVES The Memorandum of Association of Lamport Hall Preservation Trust Limited. as amended by Special Resolution in 1984. se15 the obiects of the Trust as being the advancement of historic and aesthetic education. In particular lo". Preserve as national monuments buildings of national historic or architectural or artistic inlerest and importance and to proted and improve Ihe amenities of such buildings and their surroundings.. Preserve for the benefrt of the nation and as an adjunct to any such buildings as aforesaid fumiture, pictures and other chattels of national hislonc or artistic interest," Facilitate and encourage the aCsS to and the study and appreciation of such buildings, furniture. pictures and chattels as aforesaid by the general public." and Fund, create, maintain and offer scholarships exhibrtions prizes and rewards for edu¢ational purposes and in particular for purposes connected with historic or aesthetic education. In furtherance of the above general and primary objects but not otherwise the Trust shall have the following powers.. To accept gifts of or any interest in any real or personal property (including in particular the Mansion known as Lamport Hall in the County of Northampton and the contents thereof or any part or parts thereof respectively) for the general Pufposes of the Trust or for any particular purpose thereof". and Subject lo the provisions of any undertaking given to the H.M Treasury in respect of Lamport Hall or any other property which is the subject matter of any Treasury Direction under the provisions of Paragraphs 13 {1) and11A1 of Schedule 6 to Ihe Finance Act 1975 to purchase, take on lease or in exchange or on loan. hire or olhetwise acquire any real or personal property and any rights or privileges necessary for the promotion of ihe objects of the trust. Achievements and Perfonnance A project to restore the library commenced and is likely to be completed during 2023 The restoration is undertaken mainly by in-house specialists wmh expert advice, analysis and research from external heritage professionals. The fumilure in the library. including the rent table. padauk console. folding steps and chairs have been restored or re polished in preparation for being reinstated in the room following its restoration. A new fronl-of-house visitor welcome desk was created in one of ihe stable rooms to provide a more welcoming reception for visitors to the house and gardens. A café was created in a neighbouring room which was well-received by visitors. The café will supersede the former tea room in the main dining room of the hall. reducing the pressure and wear on that room. The colledion of lrteralure in the small Gothic Dining Room was expanded through a donation of books from Mrs Newman. A programme of educational visrts was established. providing groups from a range of educational institutions and from a diverse age range with an opportunity to take a tour of the Hall. gardens and wider estate and lo experien activities in which they might not have had the opportunity to engage previously.
Docusign Envelope ID 879F2134-6FBE-4AAD-82B3-D769A4C76F1 C LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Annual report of the Trustees lintorporating the report of the Directors) for the year ended 31 March 2023 Icontinuedl Achievèmonts and Perfomiance (continued) The recruitment of a new Head Gardener has further improved the quality and condition of the gardens, with a number of projects being planned. including the planting of new flower bulbs, the creation of iris beds and undertaking research and planning for the resloration of the Alpine Garden. A member of staff returning from maternity leave was promoted to focus on public engagement and generating revenue from the Trust's assets in an appropriate way in order to fund the core work of the Trust. A painting of Madonna and Child, which had been in storage for some lime, was cleaned by students from the University of Lincoln lo an exceptional standard, and subsequently hung in the Cabinet Room. In the same room, a carpel depicting Madonna and Child was restored and cleaned. All staff undertook first aid training as well as training in the use of fire protection measures, to ensure the best possible protection of the Trust's employees, visitors, and the hall itself and the Lamport Collection. A photograph of the drawing room won a prize and became the full front cover photo of the widely- read Hudsons 2022 Guide. A new pump was installed to serve the shell fountain in the Italian Garden and the pond itself was repaired and re-lined. New salellite-linked wi-fi systems were purchased lo provide high-speed reliable internet connectivity for functions inside the hall as well as outside In the slableyard and gardens. A closer relationship was built between the Lamport team and the local fire services to ensure that in the event of emergencies. the fire service had a very clear understanding of the layout of the building and a prioritised list of items for salvage from the Lamport Collection. Following negotiation. a contract with a major f11m producer was agreed and in March 2023, the stables and part of the Hall were ulilised for filming as part of a well-known television series. The Lamport team continues to promote ¢ollaboralion with other historic houses in the area. Such relationships have been beneficial to all involved Reported previously. the annual benefits resulting from the Countryside Stewardship Scheme continue lo be seen, with the conservation work undertaken through the scheme complimenting the objectives of the Trust and its wot* in preserving the Hall and surroundings for public benefil. Annual treè surgery was carried out in accordance with the Parkland Management Plan, to improve the safely and health of the trees grOWng in the park. Quotes were collated for the re-wiring up of the fastigiate yews along the perimeter of the gardens. Much of the above has meanl Ihal some costs have been incurred, bul the Trustees consider that they are consistent with the objeclives of the Charity
Docus Envelope ID 879F2134ffjFBE-4MD-82B3-D769A4C76FIC LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Annual report of the Trustees (incorporating the report of the Directors) for the year ended 31 March 2023 {continuedl CURRENT ACTIVITY The Endowment Estate. Lamport Enterprises Limrted and Lamport Fams Limited continue to provide revenue fof the Presetvalion Trust. New. appropriate, ways to increase revenue are always bein9 sought. Endowment Estate As opportunities arise, improvements continue to be made to the residential properties on the Estate, with all cottages being modernised when they become vacant Where cotta9es have been re-lel. In all cases they have been let at a rent greater than Ihe previous tenancy. The refurbishment of Manor Farmhouse and buildings has made a significantly increased contribution to the Estate rent roll. A specialisl third party firm was appoinled to help ensure that all lel properties are maintained to an appropriate standard and thal all safety and slalutory compliance checks are undertaken on lime, to protect the welfare of the Trust's tenants. Farniin Com an The farming company posted successful yields from the majorrty of crops and achieved competitive sales from harvested crops. A substantial project to create a natural flood management scheme was completed during the year. The scheme is designed to slow and dissipate the flow of water from Mo watercourses to help protect homes and businesses downstream in limes of heavy rainfall. The scheme works in landem with a similar project on a neighbouring eslate. The project was funded by the Environment Agency and DEFRA. New habitats were encouraged through the creation of shallow ponds and scrapes. Wildlife diversity monitoring continues to demonstrate the success of the business's approach lo commercial farming with a conservation focus. The farm continues to work closely with Anglian Water to mitigate the effects of pesticides and synthetic fertilisers. Research projects are proposed in these areas for subsequent years. The installation of a rainwater harvesting tank has resulted in a reduction in the farm's potable water usage. An application to join the Sustainable Farming Incentive scheme was accepted and the farm now fams In accordance wilh the requirements of that scheme. which compliments the stewardship work elsewhere on the fam). An application for planning consent was submitted for the conslruction of a new building to house Northamplonshire Search and Rescue and a local business which supplies Innovalive motorcycles to the emergency Servi$. Planning consent was granted and construction work commenced towards the end of the year. The fami purchased a new tractor during the year. Equipped wlh GPS, the machine will improve the efficiency of the fami and the more accurate application of sprays and fertilisers, factors which are beneficial from both economic and environmental pefspectives.
Docusign Envelope ID 879F2134-6FBE-4AAD-82B3.0769A4C76FIC LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Annual report of the Trustees (incorporating the report of the Directors) for the year ended 31 March 20231continuedl Famiin Com an continued The fam continues lo be profitable, making a valuable financial contribution to the work of the wider Trust at the end of the year. Enter rise Com an Following the end of Covid lockdown restrictions. the company had a more productive year, enabling it lo make a valuable contribution to the work of the Trust both in temis of finances and attracting visitors lo Lamport. Events included two anliques fairs, I0 arts and craft faits, a number of classical music concerts both indoors and outside, an art feslival, a number of talks and lectures and a Christmas market. The company's holiday cottage perfomied well, with a good level of occupancy throughout the year and only positive reviews from clients. The company took on a lease from the Trust to run a café in the slableyard, which proved popular with visitors and which would be augmented for the following visitor season. Preseprfation Trust Public Benefit and Activities The Preservation Trust's diary of public usage records 127 events taking Pla over 109 days. This included the opening of the hall and gardens to the public on more than 60 days during the financial year. The Trust estimates that more than 18.500 people derived benefit from access to Lamport Hall and its grounds in 2022-23 113.000 in 2021-22). It is anticipated that visilor levels will continue to increase through proactive marketing and the increasing diversity of events. The Trust continues to donate tickets for a visit to Lamport Hall to local schools and local chanties for raffle prizes. It also Iries to oblige requests for the loan of paintings for exhibitions where appropriate and during 2023 the Trust would loan four paintings for exhibition in the Dreweatts annual exhibition in London. In addition the Trust allows access to several fundraising charrties and offers free stalls lo various charities at the fairs it hosts. The events in the gardens continue to attract a good cross sedion of the general public. Included in the 2022 12023 programme were lectures. art courses. theatre perfomiances. outdoor jazz, outdoor dining and classical music concerts. The Northampton Open Studios art exhibition, a county-wide exhibition running throughout September. retumed to Lamport for the second time and was visited by an estimated 2,500 people. Four bursaries lo exhibtting artists were funded by ihe Trust following a competitive process, which provided funding for those artists to develop their craft and make wider contribulions to the arts within the county. The link with the Royal & Derngale Theatre in Northampton. supporting rts youth theatre programme and also a scheme designed lo give disadvanta9ed children an opportunity lo go lo a theatre production, has continued.
Oocusign Envelope ID 879F21344FBE-4AAD-62B3-D769A4C76F1C LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Annual report of the Trustees (incorporating the report of the Directors} for the year ended 31 March 2023 Icontinuedl Education The Trust maintained collaborative relationships with the Univer511y of Lincoln, University College London and Moullon College. Students were offered the opportunity lo reside on sile and undertake appropriate research as part of their studies. A field trip is planned for the following year for up lo 30 students from University College London lo spend a week al Lamport Ha1110 undertake specific research relevant lo their postgraéuate studies in Sustainable Heritage. The tractor-drawn personnel trailer purchased through the Countryside Stewardship Scheme two years previously enabled students to be transported around the wider property for the purposes of their education. Le¢tures and talks were held in the Hall on topics pertinent lo the work of the Trust and such events were well-attended during the year, Discussions were undernyay to potentially establish a collaboration with the Royal Birmingham ConseNaloire, geographically the nearest national music school to Lamport Hall. Volunteers The Trustees remain very grateful to the team of volunteers for their input and assistance in helping the Charity maintain the important activity of opening the Hall and gardens lo the public. The pool of volunteers continues to grow in diversity, with five new volunteers being recruited during the year, including three in the gardens, one in the café and one in the ticket office. Investments The Investment Policy was established in November 2002 and is now reviewed by the Trustees, Audit and Investment Committee on an annual basis. It has two functions. firstly, to develop capilal grO%h and, secondly. lo provide a balanced portfolio. Presently. Income from the investments is reinvesled, bul as and when necessary. could be used lo fund the objectives of the Charity Investment Managers are engaged by the Trust lo manage the portfolio The Investment Managers are asked lo produce a portfolio which is liquid enough so that. If necessary, investments can be sold lo fund, for example, an emergency repair andlor any prortY development opportunity that may arise Furthermore, the spread of investments within the portfolio is structured with a view to maximising the Trust's ability to select investments for sale in due Course, which will realise a gain on sale and not a loss. All of the Investment Managers are fully conversant with charities and their investments. The Trust has have given much thought to the monitoring of these Investments. As a result the Investment Managers prepare statements twice a year showing the movement in capital value and the income received from assets under management. The viabiliiy of these investments is closely monitored and the Trustees are conscious of the need for an increased endowment to supplement the funds generated from the day to day operating activities of the Trust The Trust recognises that the difficult conditions In the rural economy and the uncertainly surrounding farm subsidies post-Brexit may mean that. in the future, the income from the
Docusign Envelope ID 879F21344FBE-4MD-82B3-D769A4C76F1C LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Annual report of the Trustees (incorporating the report of the Directors) for the year ended 31 March 2023 {continuedl Investments (continued) investments will be increasingly important. On the Endowment Estate the Trust continues to explore development potential and diversification opportunities where appropriate to help augment this fund. Between 1 April 2022 and 31 March 2023 the listed investment portfolio value decreased by approximately £722,479 {2021-22 increased by £387,695). The poor level of performance was allributed lo the ongoing war in Ukraine and increasing inflationary pressures on the UK economy. It is, however, likely that performance will likely be negative for the following year as a result of challenges facing the global and domestic economies and the ongoing conflict in Ukraine. Flnanclal Review The net movement in funds for the year lo 31 March 2023 was a decrease of £99,297 (2021-22 increase of 3,346,516). Total incoming resources for the year were £2,002,469 which was a significant increase from the previous year's total incoming resources of £1,424.096. Total resources expended this year are £1,894.263. Reserves Policy It is the policy of the Trust to hold reserves in ils non-charitable trading enlilies, the Preservalion Trust and Endowment Estate, which have not yet been commilled or designated for any particular purpose The Trust has sel aside these reserves in order lo protect the future operations of the Charity from the effects of any unforeseen variations in its income streams as part of a policy of good financial mana9emenl practice. The nature of the assets of the Tfust arè such that high levels of expenditure can be incurred in both the short and long term. which necessitates the Trust having access to liquid funds. Al 31 March 2023 the amount of funds in the trading subsidiaries amounted lo £345,363 12021-22 £318,177), £3,431,45712021-22'. £3,806.1221 in the Preservation Trust and £28,762.25212021-22.' £28,495,329) in the Endowment Estate. The Trust S aware that the level of free reserves of £345,363 may not be sufficient Accordingly it is conscious of the need to raise further income from the Endowmenl Eslale which can then be used lo supplement further charitable expenditure. This ha5 been implemented by investing in several portfolios. generating growth and income amounting lo £122,038 In the financial year. 11 15 the Trust's, intenlion lo improve on this over the course of the coming years. The financial position of the Trust remains stable, although the Trustees have identified the need for increased income in the medium term. The trading activities of the two subsidiary companies continued to provide incoming resources lo the Trust. Lamport Fams Limited donated its taxable profits of £205,76312021-22. £64.6611 and Lamport Enterprises Limited donated its taxable profits of £15,363 12021-22. £1881 by way of gift aid to the parent charity, the Preservation Trust It is noted that the gift aid donations are made in the accounting year following the year in which the profits are generated.
Docusign Envelope ID 879F2134-6F8E4MD.8283.D769A4C76FIC LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Annual report of the Trustees (incorporating the report of the Directors) for the year ended 31 March 2023 {continued) Statement of the principal financial management policies adopted in the year The Trustees continue to maintain a close financial control over Ihe performance of the various income slralegies. The Trustees are aware that the assets of the Preservation Tnjst do not currently have the ability lo produce enough incorne to cover all annual and cyclical costs. and so non-revenue generating land assets need to be tumed into revenue eaming assels when opportunrties arise. The Trust's policy is to achieve- capital growth and some income from the inveslments managed by the Inveslment Managers., a sustainable income slream through the activities of the trading companies,. and continue to increase revenue from the Eslate The Audit and Investment Committee meets annually to review all financial and investrnent matters. The principal sources of funding for the Charrty Ihis year continued to be the income derived from the trading activities of the Farm and the rental income from the properties on the Eslale. The inveslment income from the Endowmienl Eslale was reinvested. The Trustees confinn Ihat they have given due consideration lo the requirements of the Charities Act 2011 and public benefit guidance published by the Charity Commission. The charity does not carry out significant fundraising activities. Plans for future periods The Preservation Trust continues to work towards the objectives set out for it by Sir Gyles Isham. In particular the Trustees wish to see the Hall and oulbuildings and gardens fully maintained so that they can be fully opened to the public. the let properties continuing lo be well-mainlained and brought up to dale where needed, and the farm tenancies retaining their viability. The Trusl continues to explore opportunities to maximise the potential of the Estate. The Hall will continue to be open lo the public as in the past and Ihe Trustees will continue to encourage increased high-qualily ac$$ lo the Hall and gardens by hosting additional educational aclivilies. The Trusl sees this as key lo ils success in gaining maximum public benefrt in the future. The Trustees and staff will continue lo work lo ensure that these objectives can be achieved. The TrLtsI will continue a programme of restonng and maintaining the Hall's contents as well as the fabric of the built assets of the Trust. The Trust wishes to continue lo increase the qualrty of the visitor experience by offering a wide range of educational activities in addrtion to the traditional house visit. Individual lecturers and tutors continue to be sought to organise independent courses in a variety of subjecls, as demonstrated by the support given lo third parties operating the masterclasses held in the Old Laundry. The Trust is keen to see increased Lsse of the Hall's archives by research students and to increase links with adult educational instilulions. Additional visrts have been accommodated for the -BB' society which celebrates the life of Denys Walkins-Pilchford who lived al Lamport Reclory and who based many of his books on his experiences of Lamport Hall and the Lamport Estate.
DocuSv4n Envek)pe ID. 8lgF21i4*FBE-4AAD&-B>D.-6'C,-6f I LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Annual report of the Trustees (incorporating the report of the Directors) for the year ended 31 March 2023 (continued) The Trustees expect to complete the resloralion and repair of the OLrtbuildings still in need of repair during the next phase of their guardianship. In particular the buildings al Isham Barns may be converted to residenlial use in order to generate additional inttime to the Chanty. Work will continue on refurbishing the cottage stock as it becomes vacant. STATEMENT OF TRUSTEES RESPONSIBILITIES Law applicable to charities in England and Wales requires the directorsArustees to prepare accounts for each financial year, vthich give a true and fair view of the stale of the tharitable company and group's affairs and of its income and expendrture for the financial year. In preparing these accounts the direclofsl trustees are required to". seled suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP.. make judgements and estimates that are reasonable and prudent., slate whether applicable accounting standards have been followed, subject to any Material departures disclosed and explained in the accounls., prepare the accounts on a going conrErn basis unless it is inappropriate to presume that the charilable company will continue in business The directorsllrustees are responsible for keeping proper accounting re¢ords which disclose, with reasonable accuracy at any time, the financial position of the charitable company and enable them lo ensure that the accounts comply with the Companies Act 2006 They a also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The maintenance and integrity of the charity's websrte is the responsibility of the trustees. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ from legislations in other jurisdictions. In so far as the DirectOrsrUsteeS are awa." There is no relevanl infomalion of which the group's auditor is not aware and The DireCtorSrUsteeS have taken all steps thal they ought to have taken lo make themselves aware of any relevant audrt infomiation and to establish that the auditor is aware of that information. AUDITOR Cooper Parry Group Limited has expressed tts willingness to continue in office as audrtor and will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. By order of the Board dwli 07 November 2023 12
0uSn Envekjpe 10 81 9FiI34-6F6E4AAD42? D-. osA4C-, #F".C LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Independent Auditor's Report to the members of Lamport Hall Preservation Trust Limited We have audrted the finanaal statements of Lamport Hall Preservation Trust I'the Parent Charitable Company } and rts subsidiaries I"Ihe Group I for the year ended 31 March 2023 which comprise the group statement of financial activities, the consolidated and company balance sheet, the consolidated statement of cash flows and notes lo the financial statements. including a summary of signrficant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Uniled Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic ol Ireland (United Kingdom Generally Accepted Accounting Practice) In our opinion the financial statements: give a true and fair view of the state of the Group's and of the Parent Charitable Company s affairs as at 31 March 2023 and of the Group's incoming resour¢es and application of resources lor the year then ended". have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordance with the requiremenls of the Companies Act 2006 and the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing {UKI (ISAS IUKI) and applicable law. Our responsibililies under those standards are further described in the Auditor's responsibilities for the audit of the financial slalemenls section of our report. We are independent of the Group and the Parent Charitable Company In accordance with the ethical requirements relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities In accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the pparatiOn of the financial slalements is appropriate. Based on the work we have perfomied. we have not identified any material uncertainlies relating to events or conditions that, individually or colleclively, may Gasl significant doubt on the Group or Parent Charitable Company s ability lo conlinue as a going concern for a period of al least twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees wrth respect to going concern are described in the relevant sedions of this report. 13
t)(59[) EnvelotE ID 8.-SF£ 1th4-6FBE-41vlD.8&L. J-,- LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Independent Auditor's Report to the members of Lamport Hall Preserrfation Trust Limited (continued) Other inlomiation The other inforniation comprises the infomiation included in the Trustees, Annual Report and Financial Statements, other than the financial statements and our auditor's report thereon. The other information comprises the Annual Report of the Trustees. The Trustees are responsible for the other information. Our opinion on the financial statements does not cover the other Information and, except lo the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audil of the financial statements, our responsibility is to read the other information and. in doing so. consider whether the other infomation is materially inconsislenl with the financial statements or our knowledge oblained in the audit or otherwise appears to be materially misstaled. If we identrfy such material inconsistencies or apparent material misstatements. we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other infomalion. If, based on the work we have performed. we conclude that there is a material misstatement of this other infomiation. we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the Work undertaken in the course of the audit.. the information given in the Trustees Report. which includes the Direclors, Report prepared for Ihe purposes of Company Law. for the financial year for vthich the financial statements are prepared is consistent vnth the financial statements.. and the Directors, Report. which is included in the Trustees, Report. has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knoledge and understanding of the Group and the Parent Charrtable Company and its environment obtained In the course of the audrt. we have nol identified material misstatement in the Strategic report or the Trustee's report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Act 2011 requires us to report to you rf. in our opinion.. proper and adequate accountin9 records have not been kept by the Parent Charitable Company. or returns adequate for our audit have not been received from branches not visited by us,. or the Parent Charitable Company financial slalemenls a not In agement wilh the accounting records and returns.. or certain disclosures of Trustees. remuneration specrfied by law are not made," or we have not received all the information and explanations we require for our audit", or the Trustees were not entitled lo prepare the financial statements in accordance with the small ompanies regime and take advantage of the small companies, exemptions in preparing the Directors, report and from the requirement to prepare a strategic report. 14
DOcuSn Envelope ID bigF2 i34*F8E-4AAD-82B>DI69A4CI6F +C LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Independent Auditor's Report to the members of Lamport Hall Preservation Trust Limited {continuedl Responsibilities of trustees As explained more fully in the Statement of Trustees, responsibilities, the Trustees (who are also the difectors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial slalemenls and for being satisfied that they give a true and fair view. and for such internal control as the Trustees determines Is necessary to enable the preparation of financial statements that are free from material misslalemenl, whether due lo fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Group s and the Parent Charitable Company s ability to continue as a going concern. disclosing, as applicable. matters related to going concern and using ihe going concern basis of accounting unless the Trustees either intend to liquidate the Group or the Parent Charitable Company or to ase operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under section 151 of the Charities Acl 2011 and under the Companies Act 2006 and report in accordance with the Acts and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due lo fraud or error. and to Issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted In accordance with ISAS IUKI will always delect a material misstatement when Il exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures In line with our responsibilities, outlined above, to detect material misslalements in respect of irregularities, Including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below.. Our assessment focussed on key laws and regulations the Parent Charilable Company has to comply with and areas of the financial statements we assessed as being more susceptible lo misstatement These key laws and regulations included bul were not limited lo compliance with the Companies Act 2006, Charities Act 2011, Charities (Proleclion and Social Inveslmenll Act 2016, taxation legislation, data protection, anti-bfibery and employment legislation. Vve are not responsible for Pfeventing irregularities. Our approach lo detecting irregularities included, but was not limited lo, the following.. obtaining an understanding of the legal and regulatory framework applicable to the Parent Charitable Company and how the Parent Charitable Company is complying with that framework, including agreement of financial stalement disclosures to underlying documentation and other evidence., obtaining an understanding of the Parent Charitable Company control environment and how the Parent Charitable Company has applied relevant control procedures, through discussions with Trustees and other management and by performing walklhrough testing over key areas., obtaining an understanding of the Parent Char51able Company s risk assessment process, including the risk of fraud". reviewing meeting minutes of those charged wilh govemance throughout the year., 15
DocuSi9n En¥ek)pe 10 879Fd134-6FBE4AALI-8283-DI69A4CISF1C LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Independent Auditor's Report to the members of Lamport Hall Preserrfation Trust Limited {continued) performing audit testin9 to address the risk of management override of controls, including testing journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias., and obtaining sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated financial slalemenls We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion. Whilst considering how our audit work addressed the detection of irregularities, we also considered the likelihood of detection based on our approach. Irregularities arising from fraud are inherently more difficult to deled than those arising from error. Because of the inherent limitations of an audit, there is a risk that we will not delect all irregularities, including those leading to a material misstatement In the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial stalemenls, a5 we will be less likely to become aware of instances of non-complian. The nsk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresenlalion. A further description of our responsibilities for the audit of the financial statements is located at the Financial Reporting Council's I"FRC's"I website at htt s..IM.frc.0r .uklaudilorsres onsibilities. This description fomis part of our auditor's report. Use of the report This report is made solely to the Charitable Company's members. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. and to the Charitable Company s trustees, as a body, in accordance with the Charities Act 2011. Our audit work ha5 been undertaken so that we might state lo the Charitable Company s members and trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charitable Company, the Charitable Company's members as a body and the Charitable Company's trustees as a body, for our audit work, for this report, or for the opinions we have formed. Glen Bott FCA (Senior Statutory Auditor) For and on behalf of Cooper Parry Group Limiled Slalulory Auditor Cubo Birmingham, Two Chamberlain Square. Birmingham. B3 3AX Dale. 13 Toi 16
L)Ocusn n¥e Iu.. OiYF2ii44>PtS4MLHS2BIlSYUIbPl LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Consolidated statement of financial activities lincorporating the Consolidated Income and Expenditure Account} for the year ended 31 March 2023 Restricted Lamport Church Restricted Restricted Endowment Preseryation Estate Trusl Total 2023 Total 2022 Notes Unrestricted INCOME AND ENDOWMENTS FROM: Donations and legacies Income from charitable acbvities Other trading activities Other income Income trom investments 339.022 16.693 883.736 51.809 81.882 339,526 16,693 915.701 86.685 643.864 44.137 5.188 783.830 21,181 569.760 31.965 32.7C6 31.375 2.170 530.607 Total income and endowments 1.373.142 532.777 96,550 2.002.469 1.424.096 EXPENDITURE ON: Expenditure on raising funds Expenditure on charitsble activities 929.569 32.830 209.782 6.686 715.396 1.146.037 748.226 770.360 589. 198 Total expenditure 2.399 209.782 722.082 1.894.263 1.359.558 Net income I (expenditure before gainslllossesl on investments 410.743 322.995 1625,5321 108.2Ck% 64.538 Gainslllossesl on Investment assets 1207.5031 1207.5031 3.281,978 Net income I lexpenditurel for the year carried forward to next page 410.743 115.492 1625.5321 199.2971 3,346,516 17
LJ6an knvaiow Iu.. dIYtrk1J44>PB4AAiHI15byA4b/tslL LAMPORT HALL PRESERVATION TRUST LIMITED ANO ITS SUBSIDIARY UNDERTAKINGS Consolidated statement of financial activities lineorporatlng the Consolidated Incomg and Expenditure Aceountl for the year ended 31 March 2023 Icontinuedl Restricted Lamport Church Restrlcted Restricted Endowment Preservation Estate Trust Total 2023 Total 2022 Notes Unrestricted Net Income I lexpendlturel for the year brought forward from previous page 410.743 115,492 1625,5321 199.2971 3,346.516 Transfers between funds 1383,5571 151,431 232,126 Net incomellexpenditurel and net movemont in funds 27.186 266,923 1393.4061 199,2971 3.346.516 Fund balances brought forward al 1 Apnl 2022 318,177 18.741 28,495.329 3.806.122 32,638.369 29,291,853 Fund balanees eafried forward at 31 March 2023 13 345,363 18.741 28.762.252 3.412,716 32.539.072 32.638.369 The charity has no recognised gains or losses other than the results for the year as sel out above. All of the activities of the charity are classed as continuing. The charity has taken advantage of section 408 of the Companies Act 2006 to not publish ils own Slalemenl of Financial Activities. 18
u¢)cuSvJn En¥8pe IU dlYtr21J44LIE4W4Le}3-l)1()yA4l)FlG LAMPORT HALL PRESERVATION TRUST LIMITEO AND ITS SUBSIDIARY UNDERTAKINGS Consolidated stalement of financlal actlvktles Ilncorporating the Con801idated Incomo and ExndIture Accountl for the year ended 31 March 2022 Restrlcted Lamport Church Rgstrlcted Restricted Endowment Preservation Estate Trust Total 2022 Totsl 2021 Notes Unrestrlct8d INCOME AND ENOOWMENTS FROM: Donations and legacies Income from charitable activities Other trading activities Olhef income Income ftom investments 43,452 5,188 764,191 15.234 39.811 685 44.137 5.188 783,830 21,181 569.760 31,397 45 614.331 85.022 474,064 19,639 3.822 43.075 2.125 486.874 Total Incomg •nd èndowment8 867.876 488,999 67,221 1,424,096 1.204.859 EXPENDITURE ON: Expenditure on raising funds Expenditure on charitable activities 546.297 8,509 210,433 13.630 580.689 770.360 589,198 564.323 505.967 Total oxpendlture $54.806 210.433 594.319 1,359.558 1,070.290 Net ineome I lexpenditurg) before galnslllosses} on invo8tment8 313,070 278,566 1527,0981 64,538 134,569 Gainslllossesl on investment assets 3.281.978 3,281,978 1,172.332 Net income I lexpenditurel for the year Carried forward to next page 313,070 3.560,544 1527.0981 3,346.51 S 1.30S,901 19
LWS¥Jn &nv8iope Iu UiYtr2lJ445PbE4AALHILbJ-UItsYA4LlbFIL LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNOERTAKINGS Consolidated stalemgnt of financial aetivitles {Incorporatlng the Consolidatèd Income and Exp•ndlture Account} for the year ended 31 March 2022 Iconlinuedl Restricted Lamport Church Restricted Restrlcted Endowment Preservation Estste Trust Total 2022 Total 2021 Note8 Unrestricted Net Income I lexpendllur?) for the year brought forward frorn prnvlous page 313.070 3.560.544 (527.0981 3,346.516 1.306.901 Transfers beeen funds (229.2201 65.218 164.002 Net Incomellexpenditurnl and nèt movement In fund• 83,850 3.625.762 1363.0961 3,346,516 1.306.901 Fund balances brought lorward al 1 April 2021 234.327 18,741 24,869,567 4.169.218 29.291.853 27.984.952 Fund balaneès carrled fop*4ard at 31 March 2022 13 318.177 18,741 28.495.329 3,806.122 32.638,369 29.291.853 The charity has no recognised gains or losses olher than the sU$ for the year as sel out above. All of the activities ol the chanty are classed as conbnuing. The charity has taken advantsge of trOn 408 of the Companies Act 20C6 to not publish ils own Stalemenl of Financial Actsvilies. 20
ODEuSvJn En¥ekJF* 10. 615F2134-6F8E4AAD-62LI 0-.6¥A4C-. AF'.C LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Consolidated balance sheet at 31 March 2023 Notes 2023 2022 Flxed assets Tangible assets Investments 10.268.759 21,408,342 10.025,435 21.752,642 31.677,101 31,778,077 Current assets stocks Debtors Cash al bank and in hand 415,163 371,219 649.936 243.072 399.787 341,490 10 1,436,318 984,349 Creditors.. arnounts falling due within one year 1482.2421 1124.057) Net eurrent assets 954,076 860.292 Creditorn: amotsnts falllng due after one yèar 12 (92,1051 Total assets less current liabilities 32,539,072 32,638,369 Capltal funds Endowment Estste fund 13 28,762,252 28.495.329 Income funds Restricted fund - Preservatson Trust Restricted fund - Lamport Church Unrestricted fijnds 13 13 13 3.412.716 18,741 345,363 3,806,122 18.741 318,177 32.539,072 32,638,369 These financial slalements were approved by the Goveming Body and authorised for issue on 7 November 2023. RL Vlsham Chairrnan JTGHarris Trustee Company Regis ration Number.. 1174289 Registered Charty Number: 267999 The notes on pages 22 10 38 fom part of Ihese financial statements 21
DocuSwJn Envelope ID 879F2134-6F8E-4AAD-8283-0769A4C76FIC LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Charitable company balance sheet at 31 March 2023 2023 2022 Fixed assets Tangible assets Investments 8,001,789 34.947,508 7,993.186 34,650,429 42.949.297 42.643.615 Current assets Stocks Debtors Cash al bank and in hand 10 704,749 543,378 729.518 179.953 1.248,127 909.469 Creditors: amounts falling du¢ within one year 1175.0971 179,5201 Net current assets 1,073,030 829,949 Creditors: amounts falling duo within one year 12 149,0071 43.973,320 43.473.564 Capital funds Endowmenl Estsle fund 13 39.874.505 39.075,856 Income funds Restricted fund - Preservation Trust Reslricled fund - Lamport Church Unrestricted funds 13 4.080,074 18,741 4.378.967 18.741 43,973,320 43,473,564 These financial statements were approved by the vernIng Body and authorised for issue on 7 November 2023.. RLVlsham Chairman (Lrl I 'IV4Yt3141WFE JTGHarris TTUStee Company Regtst lon Number. 1174289 Registered Charty Number: 267999 The notes on pages 22 10 38 fomi part of these financial slatements 22
Docusign Envelopè ID 879F2134fjF8E-4AAO-82B3-D769A4C76FIC LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Consolidated $tatement of cash flows for the year ended 31 March 2023 2023 2022 Cash flows from op6ratlng activities 20 198,7851 1571.0041 Cash flows from Investing activitit$ 21 293,575 105,486 Cash flows from finan¢lng actlvltles New borrowings in year Repayment of borrowings 114.726 11,0701 Total cash flows from flnanclng actlvltltrs 113,656 Incr8•$elldècreasel In cash In tho yoar 308,446 46S,5181 Totsl cash al the beginning ol the year 341.490 807,008 Total ¢•8h at the end of the year 649,936 341,490 23
Oocusign Envelope ID 879F2134-6F8E-4AAD-8283-D769A4C76F1C LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Notes to the financial statements for the year ended 31 March 2023 General infomiation Lamport Hall Preservation Trust is a Charrtab cnmpany. limited by gljaranlee. Incorporated In England and Wales and domiciled in England. The registered office Is Lamport Hall. Northampton. NN6 9HD and the regislefed number 01174289. 1. Accounting policigs The principal accounting policies adopted. judgements and key sources of eslimalion uncertainly in the preparation of the financial statements are as follows. al Basis of preparation The financial statements have been prepared In accoTdance wrth the Statement of Recommended Practice. Accounting and Reporting by Charrties preparing their accoun15 in accordance with the Financial Reporting Standard applicab in the UK and Republic of Ireland IFRS 1021 leffecbve 1 January 20191, the Charities Act 2011 and the CompantsAct 20L%. The charitable company meets the definition of a public benefit entity as defined by FRS 102. Assets and Iiabililies are initially recognised at histori1 cost OT transaction value unless otheiSe staled in the relevant accounting policy nolelsl The Trustees believe that the Charrtable Group is well placed financially due lo ils strong ¢ash position and significant nel assets. amounting to £32 sm at the year end, along with the financial forecasts that have been prepared. The financial statements have been prepared on a going concern basis as the Iruslees consider that adequate reserve5 and rash balances are available to continue to fund the activities of the charity and the group for the loreseeable future. being al least 12 months from the dale of approval. bl Basis of consolidation The group financial ststements consolidate those of the chanty and its wholly owned sijbsidiary undertakings drawn up to 31 March 2023 The results of the chanty s non-chafilable trading subsidiaries. Lamwrt Enterprises Limrted and Larnport Farms Limited. have been incorporated on a line by line basis. A separate Statement of Financlal Activities and Income and Expenditure Account fof the charity has not been presented because the Chanty has taken advantage of the exemption afforded by section 408 of the Companies Act 2006 cl The charity The charity comprises the Preservation TnJst Fund and the Endowment Estate Fund. which are registered under one chanly number with the Endowment Estate Fund being a subsidiary of the Preservation Trust Fund dl Incoming resources Income Is recognised when the charty has ents1ment to the funds. any perlormanc£ conditions attached lo the Item of income have been mel. il is probable that the income will be received and the amount can be measured reliably. Voluntary Income is recognised on a receivabk bas15 Grants are recognised on a receivable basis iiil Other Income of the ¢harity Is recognised on an a¢eruals basis tv) Income from the commerc1 activities tjndertaken by the chanty s subsidiaries is recognised on an accruals basis Investment Income is included in the Ststement of Financial Activities in the year in which il is feceivable 24
Docusign Envelope ID 879F2134-6FBE-4AAD-82B3-D769A4C76FIC LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Notes to the financial statements for the year ended 31 Mar¢h 2023 el Resources expended Resources expended ale included in the Slalemenl of Financial Activities on an accruals basis, inclusive (where applicable) of any VAT which eannol be recovered. Cost of generating funds are those costs incurred in fundraising, the commercial trading costs and investment management costs Charitable activity costs are incurred in supporting the objectives of the chanty. Governance costs include costs primarily associated with the conslilulional and slatulory requirements of the charity. Support costs include central functions and have been allocated lo activity Cost categories on an activity basis Certain expenditure is directly allribulable lo specific activities and has been included in those cost categories. Other costs attributable lo more than one activity are apportioned across cost categories on the basis of the proportion of time spent by staff on those activities Fund accounting Funds held by the charity are either". Restricted funds - Ihese are funds that can only be used for the particular reslricled purposes within the objects of the charity. Both Endowment Funds are designated as reslricled. Unreslricled funds these are incoming resources received or generated for exFenditu on the general objectives of the charity gl Fixed assets and depreeiation Furniture, fixtures and exhibits Furniture, fixtures and exhibits are not depreciated as. in the opinion of the members of the Governing Body, they are maintained lo a standard which will ensure their continued existence al a value al least equa1 to the value included in the financial slatemenls. Depreciation Depreciation on other fixed assets is calculated lo write down the cost of fixed assets over their expected useful lives. The rates generally applicable are". Farm plant. implements and equipment Eslale plant. fixtures and fillings Farm Improvements and drainage Improvements lo buildings and coltsges Motor vehicles 15Uh_25°1o reducing balance 15010 reducing balance 100/0 Straight line 250/D straight line 250/0 reducing balance Freehold land, bulldings and exhibits The transitional provisions ol Financial Reporting Standard 102 have been adopted In respect of the carrying value of freehold land, buildings and exhibits. These assets were last revalued In 1997 and this valuation has been adopted as surrogale cost. No revaluations have been performed since 1997 and no revaluations are lo be made in the foreseeable future unless required under Financial Reporting Standard 102. Freehold buildings with an eslimaled useful life of fifty years or less are depreciated on a slraighl line basis. calculated on valuation, over the future es11maled life. Al 31 March 2021. the Trustees were of the opinion that every freehold building has a useful life greatly in excess ol fifty years No depreciation has therefore been provided as Il is considered that the amount involved would not be material lo the slalemenl of financial aclivilies. Freehold buildings and exhibits are reviewed annually for Impairment in accordan with Financial Reporting Standard 102, with any consequent reduction in carrying values recognised in the slalemenl of financial aclivilies. 25
DoGuSgn EnweW ID 8i9F2134-6FBÉ-4AAn-8A&3-Di6LA4CI 6F IC LAMPORT HALL PRESERVATION TRUST LIMED AND ITS SUBSIDIARY UNDERTAKINGS Notes to the financial statements for the year ended 31 March 2023 gl Fixed assets and depreciation - continued However any improvements made to buildings and cottages since 1997 have been capitalised and Il is the intention of the Iruslees to depreciate these over their estimated useful life. hl Investments Investments are a fom of basic financial instrument. are initially reccxjnised at Iheif transaction value and subsequently measured al their fair value as al the balance sheet dale using the closing market value. Gains and losses arisin9 on disposals and revaluation throughout the year are included In the statement of finanryal activities. All gains and losses a tsken to the Ststemenl of Financial Acbvrties as they arise. Realised gains and losses on investments are calculated as the difference sales proceed5 and their opening carrying value or their purchase value If acquired subsequent lo the first day ol the financial year Unrealised gains and losses are calculated as the differen between the fair value al the year end and their carying value. Realised and unrealised irivestrnenl gains and k)sses ale combined in the Slalement of Financ[ Acbvilies. il Stocks Stocks which comprise growing crops and cultivations, Ic¥Jelher wrth souvenir shop stock. are slated at the lower of eosl and nel realisable value. Il TaXaOn No provision has been made for corporation tax. as the company Is of charitsble status No provision for corporation tax Is necessary In the subsidiary undertakings as. such sums as shall equal the whole of its Income as computed for the purposes of the Corporation Tax Act 2010 are gift aided lo the parent company, Lamwrt Hall Preservation Trust Limited. kl Contributions to pension funds Defined Contribution Scheme The pension costs charged In the year represent Ihe amount of the contributions payable to the scheme in respect of the accovnling period. The assets of Ihe scheme are held separately from those of the charity. 11 Operating le•ses Rentals applicable to operating leases where substsntially all of the benefits and nsks of ownership remain with the lessof are charged against profits on a slraighl line basis ovei the peiiod of the lease 26
tloGuSign Envelope 10 8-,SF21344FBE4AAO.8283-DI69A4C76F1C LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SU8SIDIARY UNDERTAKINGS Notes to the financial ststements for the year ended 31 March 2023 2. Incomlng resour¢es Restricted Restricted Restricted Lamport Endowment Preservation Church Estate Trust Total 2023 Totsl 2022 Unrestrlctod Donations and lo Voluntary income acle8 339.022 504 339,526 44.137 339,022 504 339,526 44,137 Income from ¢harltable activities Shop sales and catering 16.693 16,693 5,188 16.693 16,693 5,188 ther tradln activltlos Commeicial trading Income Event income and room hire House showing and concert admissions 807,793 75.943 807.793 92.318 667,135 112,131 16.375 15.590 15,590 4,564 883.736 31,965 91 S,701 783,830 Other Incomo Sundry income Profil on sale ol tangible fixed asset 6,213 2,170 32,706 41.089 21,181 45,596 45.596 51,809 2,170 32,706 86,685 21,181 Incorne frorn Investm8nt8 Rental Income Listed investment Income Bank deposits 79.166 405,237 122,038 3,332 29,475 513,878 122,038 7.948 458,184 111,298 278 2.716 1,900 81.882 530,607 31,375 643.864 569,760 1,373,142 532,777 96,550 2,002,469 1,424,096 27
DocuSi9Tr Env&W 10. 8I9F216FBE.4AAD.82BU D-:KSA4GISF IC LAMPORT HALL PRESERVATION TRUST LIMED AND ITS SUBSIDIARY UNDERTAKINGS Notes to the financial statements for the year ended 31 March 2023 3. Resources expended 3 1 Expendiwre on ralslng funds Restricted Restricted Restricted Lamport Endowment Preservation Church Estate Tfust Total 2023 Total 2022 Unrestricted Farming expendrture Enterprises expenditure Preservation expenditure Staff costs 64.577 Share of support costs 623,778 Investment management eosls 166.306 74.908 166.306 74.908 6,686 64.577 799.723 33.837 252,984 75,016 6.686 70,264 337,189 34,907 175.945 33.837 929,569 209.782 6,686 1,146,037 770.360 3.2 Expenditure on charitable activities Restricted Restricted EndowmeTrt Preservation Estate Trust Total 2023 Total 2022 Unrestricted Share of support costs 32.830 715,3 748.226 589,198 32,830 715,396 748.226 589,198 3.3 Analysis of support ¢oBts Restrieted Restrleted Endowment Preservation Estat9 Trust Total 2023 Total 2022 Unrestflctgd Estsblishment Equipment and repairs Communications Staff costs Management and finance Governance costs 82.734 453.535 1.136 7,670 131,264 97.270 190.074 17.201 309.527 95.824 5.500 187.674 774,873 18,337 309,527 238,038 19,500 122,456 122.710 9.006 271,339 381,445 19,431 111.203 8.000 31,011 6.000 656.608 175.945 715.396 1.547,979 926.387 Split by activity: Restricted Restricted Endowment Preseriation Total Estate Trust 2023 Total 2022 Unrestricted Cosl of generating funds Charitable activities 623.778 32.830 175.945 799.723 748.226 337.189 589.198 715,396 656.608 175.945 715,396 1,547.979 926.387 28
DoGuSKJn Envelope ID 87QF2134_6FBE.4AAD_82B3.D769A4C 16F1C LAMPORT HALL PRESERVATION TRUST LIMED AND ITS SUBSIDIARY UNDERTAKINGS Notes to the financial $tatements for the year ended 31 Mafch 2023 3 4 Govemance costs Restricted Restricted Endowrnent Preservation Estate Trust Total 2023 Total 2022 Unrestricted Auditor's remuneration 8.000 6.000 5,500 19,500 19,431 8.000 6.000 5.500 19,500 19.431 4. Net movement in funds is stated after: 2023 2022 DepreCiatn Auditor's TernUneran 289,358 19.500 265.016 19,431 29
DocuSvJn En¥elope ID. 8i9F2134.6F8E-4AAD-82B3.DI69A4C76FIC LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Notes to the financial statements for the year ended 31 March 2023 Net income from non-charitsble trading activities of subsidiaries A summary of the fesulls of the trading subsidiaries is sel out below. Lamport Farms Lirnited Lamport Enterprises Limited Total 2023 Totsl 2022 Turnover Cost of sales 827,971 1166.3061 157,424 985,395 174,9091 1241.2151 824.310 1339,9611 Gross profil 661.665 82.515 744.180 484,349 Administration costs Other operating income Interest receivable Interest payable and similar charges 1795,3931 384.618 1,910 14.0001 137.6671 1833,0601 413 385,031 806 2,716 14.0001 {375,2191 43,452 117 14,0001 Nel profiullossl 248,800 46,067 294.867 148,699 Gift aid payment to Lamport Hall Preservation Trust Limited 1205.7631 115.3631 1221.1261 164,8491 Tax on profitlloss for the year 146,5561 146,5561 Retained In subsidiary 13,5191 30.704 27,185 83,850 The nel assets and liabi111ies of the subsidiaries were. Fixed assets Current assets Current liabilities Long term liabilities 524,108 672,517 1808. 1181 189,6541 3,196 527,304 109,634 782,151 166,3211 1874.4391 189.6541 291,434 778,428 1751,6851 Total assets less liabilities 298,853 46,509 345,362 318,177 Aggregate share capital and reserves 298.853 46,509 345.362 318,177 6. Stsff costs Staff costs during the year were as follows". 2023 2022 Wages and salaries Social security costs Pen510n costs 328.103 27,887 18,114 302,159 26.309 13,135 374. 104 341,603 30
IhKuSsn 10 8* gF£1344FBE4AAD.8£Bi.D-. kgA4C¥ 6F IC LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Notes to the fin•n¢lal statements for the year ended 31 March 2023 Staff costs Iconlinuedl The average monthly head count was 17 stsff 12022." 10 slaffj and the average monthly number of employees ol the Charity during the year as calculated on a full-tsme equivalent basis. was." 2023 Nurnbor 12 2022 Number PreseNabon and showing a¢tNily Adminislralion 17 10 One employee received refflunefation lexcl¢Jding employer pension conlribulionsl In excess of £60,000 1£70,000 - £80.0001.12022 one in excess of £60,0001£70.000 - £80,00011 The group paid £7,000 12022 £7.0001 under a defined contnbubon pension scheme for the above employee. The group paid £89412022. £1,C641 for Tnjstee Indemnity insurance during the year. The chanly trustee5 were not paid nor feceived any other benefils from employment with the Trust or its subsidiaries In the year12022 £nill neither were they reimbursed eXnSeS during the year12022' £nill No charity Iruslee received paymenl for professional or other services supplied lo the charily12022 £nill. The key management personnel ol the group are nsidered to be the Executive Director and the Farm Manager The empbyee benefits ol Ihe key management personnel including employer national insurance and employer pens contributions amounted to £127.091 12022". £133.9351. 31
DooJSign Envelope ID. ei9F2134-6F8E-4A4D-82B3.D-, 69A4CI6F IC LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Notes to the financial statements lor the year ended 31 March 2023 Tangible flxed assets Freehold land. buildings and exhibits The group Farn) Improvements and woodlands Implements and oqulpment Motor vehicles Total Cost or Valuatlon Al 1 April 2022 Additions Disposals 11.209.227 87,899 418.750 158.637 175.4541 918.743 220.717 1100,1521 49.172 12,595.892 73,343 540,5 1175,6061 Al 31 Mar¢h 2023 11.297.126 501.933 1.039,308 122,515 12,960.882 Doproclatlon Al 1 April 2022 Char9ed In the year Released on disposal 1.533.509 143.945 222.227 57.216 175,4541 788.567 67,858 192.2381 26.154 20,339 2,570,457 289.358 1167.6921 Al 31 March 2023 1,677.454 203.989 764,187 46,493 2,692,123 Net book value Al 31 March 2023 9.619.672 297.944 275.121 76.022 10.268,759 At 31 March 2022 9.675.718 196.523 130.176 23.018 10.025.43S The figures stsled atove for cost or valuatron includes a valuation as follows". Fr•ohold land, bulldlngs and exhlblts 2023 2022 Al 1997 valualion Al cosl 1 April 2022 Additions in the year Disposal al cost In year 10.246.230 962.997 87,899 10.246.230 858.702 190.297 186.0021 11.297,126 11,209,227 During 1997 freehold land, buildings and exhibits were revalued by Mr G P S Drye, M.Sc.. FRICS. The basis of the valuation used was open market value This valualson was Irozen and treated as the historical cost value in aCCordare wfth the &counling standards at that lime. 32
Do51.1 E1Vepe IQ 8-, GFL 34.SFBE-4A4D-e2E3.D-. 59A4C-, 6F tc LAMPORT HALL PRESERVATION TRUST LIMITED ANO ITS SUBSIDIARY UNDERTAKINGS Notes to the financial $tatements for the year ended 31 March 2023 7. Tangible fixed assets Iconlinuedl Freehold land. buildings and exhibits The charity Implements and oqulpment Motor Yehi¢le$ Total Cost or valuation Al 1 April 2022 Additions Disposals 9.468.411 87.899 100.736 22,652 122.690} 25.207 9.594,354 73,343 183.894 122,6901 At 31 March 2023 9.556,310 1CN).698 98.550 9,755,558 Depreclatlon Al 1 April 2022 Provided In the year Released on disposal 1.533.508 143.945 63.914 11,395 122.690} 3,746 19,951 1,601.168 175,291 122,6901 Al 31 March 2023 1.677.453 52.619 23,697 1,753,769 Not book value Al 31 March 2023 7.878.857 48.079 74.853 8,001,789 Al 31 March 2022 7.934.903 36,822 21.461 7,993.186 No provision has been made for depreciation ol land, buildings and exhibrts valued in 1997 as explained In the accounting poIleS The figures slated above lor cost or valuatson In¢luL1es a valualion as follows". Freehold land, bulldlngs and exhlblts 2023 2022 Al 1997 valuation Al cost 1 April 2021 Additions In the year Disposal al cost in year 7.311.230 2.157.181 87,899 7,311.230 2.052.886 190,297 186,0021 9,556,310 9,468,411 During 1997 freehold land. buildings and exhibits were fevalued by Mr G P S Drye, M.Sc., FRICS. The basis of the valuation used was open market value. This valuation was frozen and Ifeated as the historica1 cost value in accordance with the accounting standards at that time. The Iruslees consider that the nel book value of all of the group and the charity s tangible fixed assets are used for direct charitable purposes. with the value attributable lo olhef purposes not being material 33
DO5r. Envelope ID. ei QF2134-6F8E-4PAD.82B3.D-. fjGA4C-. 6F TC LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Notes to the financial statgrnents for the year ended 31 March 2023 8. Fixed asset investrnents Investment Listed Properties Investrngnts Total The Group Value al 1 April 2022 Additions in the year al cost DisF)osal proceeds Realised l unrealised gainslllossesl Revaluation Market value at 31 March 2023 16.085.177 5.667,465 21,752.642 551,083 551,083 1687.880) 1687,8801 1585.6821 1585,6821 378.179 4,944,986 21.408,342 378.179 16.463 356 Shares In Investment Listed subsidiary Properties Investments undertakings Total The Charity Value al 1 April 2022 Additions in the year al cost Disposal proceeds Realised l unrealised gainslliossesl Revaluation Market value at 31 March 2023 7 28.982,957 5.667.465 34.650,429 551.083 551.083 1687,8801 1687.8801 1585,6821 1585.6821 1,019.558 4,944,986 34,947,508 1.019.558 30.002.515 Shares in sUbsidry undertakings are ststed at cost. Investment proFertEs and listed investments are slated al market value at 31 March 2023 Shares in subsidiary undertakings Al 31 March 2023. Ihe charity held the entire ordinary Share ¢apital of the following companies.. Subsidiary undertaking Country of incorporation Nature of busines$ Lamport Farms Limited Lamport Enterprises Limrted England and Wales England and Wales Faming Commercial activrties of the Hall Investments in group undertakings have been included al cost as the tru51ees consider that Il would not be practical to carry o¢Jt a valuation of these undertakings. In addition. any valuation altribuled lo these Investments would not be significant in the context of the charity's nel assets al 31 March 2023
DS[gA EnvePe ID 8-, GF£134.6FBE-4MD-82B3.D-6&A4C-,SF IC LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Notes to the financial statements for the year ended 31 March 2023 Fixed asset investments Icontinued} Investrnent properties The investment properties include cottages. fam land and COTnmercial properties that a held as part of the endowment e51ate The fami land Is Included as an Investment property in the financial slalemenls of the charity bul is Included as an operatsonal fixed asset in the group due to being occupied by the Larnport Fams Limited subsid4ry These Investment properties were revalued by Mr J stsbS, BSC. MRICS. FAAV as al 31 March 2023 The ba515 of the valuation used was open market value If the investment properties had not been revalued. they would have been included on the historical cost basis al the following amounts". Investment properti¢8 Cost As al 1 Apnl 2022 and 31 March 2023 S.479,193 As al the date of appfoving these accounts the Trustee5 are of the opinion that the investment value is not materially different from the March 2023 valuab"on. If listed investments had not been revalued. they would have been included on the historical cost basis at the following amounts". The group and the charity Llsted investments Cost At 1 April 2022 Additions in the year Disposals in the year 3.980.436 551,083 1657,3311 At 31 March 2023 3.874,188 35
Docusign Envelope ID 879F2134-6FBE-4AAD-82B3-0769A4C76FIC LAMPORT HALL PRESERVATION TRUST LIMITED ANO ITS SUBSIDIARY UNDERTAKINGS Notes to the financlal statements for the year ended 31 March 2023 9. Stock The group 2022 2023 Consumable goods for resale Live and dead stock, growing crops and cullivalions and stores 4,219 410.944 7.948 235.124 415,163 243.072 10. Debtors The group 2022 The charity 2023 2023 2022 Trade debtors Amounts owed by group undertakings VAT Prepayments and a¢¢rued income 319,001 358.695 121,326 240.865 579,951 478.949 6,759 2,943 45.617 6.601 38,149 2.943 3,472 371.219 399,787 704,749 729,516 11. Crèditors.. amounts falling due within one year The group 2022 The charity 2022 2023 2023 Trade creditors Social security and other taxes Accruals Hire purchase Other creditors 299,908 39,738 69,391 21,551 51.654 88,198 738 35,121 76,340 39,738 35,179 50.249 29.271 23,840 482.242 124.057 175.097 79,520 12. Creditors.. amounts falling due after one year The group 2022 The charity 2022 2023 2023 Hire purchase 92,105 49,007 92,105 49.007
Docusign Envelope ID. 819F2134-8FBE.4AAD-8283-DI69A4C76F1C LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Notes to the financial slaternents forthe year ended 31 March 2023 13. Funds Group Gains, Balance at 1 Losses Balance at April Incoming Resources and 31 March 2022 Resources Expended Transfers 2023 Restricted funds Endowment Estsle fund 28,495.329 532.777 1209,7821 156.0721 28.462.252 Preservation Trust fvnd Bursary fund Total Preservation Trust fund 3.755.925 50.197 3.806. 122 96,550 1720.8321 1.250 1722.0821 232,126 3,363,769 48,947 232.126 3,412,716 96.550 Lamport Church 18.741 18.741 Total restricted funds 32.320.192 629.327 931.864 176.054 32,193,709 Unrestrictgd funds Non-charilable trading funds 318.177 1.373,142 {962.3991 (383.5571 345.363 Total unrestricted funds 318.177 1,373.142 962.399 383.557 345,363 32.638.369 2.002.469 1,894.263 207.503 32,539,072 Company Gains. Balance at 1 Losses Balance at April Incoming Resources and 31 March 2022 Resources Expended Transfers 2023 Restricted funds Endowment Estsle fund 39.075.855 544.739 {268, 1681 522,079 39,874.505 PreseNalion Trust fund Bursary fund Totsl Preservation Trust fund 4.328.771 50.197 4,378.968 423,188 1720.8321 1.250 1722.0821 4,031,127 48,947 4,080,074 423.188 Lamport Church 18.741 18,741 43,473.564 7.927 990.250 522.079 43,973,320 The Endowment Estate fund was established on 14 November 1985 as an expendable endowment fund in accordance with the Will of Sir Gyles Isham. The Preservation Tiusl fttnd was established on 14 November 1985 as a restricted fund in accordance with the Will of Sir Gyles 15ham wr(hin the Preservation Trust fund. the Trustees have estsblished a specific BuTsary fund. This 8ur53ry fund Is lo be used in accordance with the articles of the Chaiity. "to found. create. fnaintain and offer scholarships. exhibitions. prizes and rewards for educational purposes and in particular for purposes connected with histori¢ or aesthetic education" As part of the arrangements to realise funds from asset sales the Tnjslees agreed to estsblish a reslricled fund for Lamport Church in order that the Income arising may be applied to the fabric of the church The non-charilable trading funds represent the funds of the gioup's subsidiary undertakings Lamport Enterprises Limited and Lamport Fams Limited 37
Docusign Envelope ID 879F2134-6FBE-4AAD-8283-D769A4C76F1C LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Notes to the financial statements for the year ended 31 March 2023 13. Funds Icontinuedl Group (Prlor yearl Galns, Losses Balance at Incomlng Resources and 31 March Resources Expended Transfers 2022 Balance at 1 April 2021 Restrictgd funds Endowment Estate fund 24.869.567 488.999 1210.4331 3.347, 196 28.495,329 Preservation Trust fund Bursary fund Total Preservation Trust fund 4,109.021 60.197 4,169.218 67.221 1584,3191 10,000 1594,3191 164.002 3,755,925 50,197 164.002 3.806,122 67.221 Lamport Church 18,741 18,741 Total restricted funds 29,057,526 556,220 804,752 3,511.198 32,320.192 Unrestrlcted funds Non-charilable trading funds 234,327 867,876 1554,8061 1229,2201 318,177 Total unrestrieted funds 234,327 867.876 554.806 229,220 318,177 29.291,853 1.424.096 1,359.558 3.281,978 32,638,369 Company (Prior yearl Gains. Balance at 1 Losses Balance at April ncomin9 Resources and 31 March 2021 Resources Expended Transfers 2022 Restricted funds Endowment Eslale fund 33.418.982 620.830 1279.2151 5,315.258 39,075.855 Preservation Trust fund Bursary fund Total Preservation Trust fvnd 4.683.288 60.197 4.743.485 229.802 1584,3191 10,000 1594,3191 4,328.771 50.197 4,378.968 229,802 Lamport Church 18.741 18.741 38,181.208 850.632 873,534 5,315.258 43,473,564 38
Dotusign Envelope 879F2134-6FBE-4AAD-82B3.0769A4C76F1C LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Notes to the finaneial statements for the year ended 31 March 2023 14. Analysis ol group net assets between funds Unrestrlcted funds Lamport Endowment Preser¥ation Church Estate fund Trust fund Total funds Fund balances at 31 March 2023 are repsented by.. Tangible fixed assets Fixed asset investments Current assets Current liabilities Long term liabilities Inlra-fund Indebtedness 527.304 2,052.470 21.408.342 425,838 119.9061 7.688.985 10,268.759 21.408.342 223,570 1,436.318 1135.2741 1482,2421 149.007} 192,1051 14.315,558) 768.169 1327.0621 143.0981 1579.9501 18.741 4.895.508 Total nel a$s9ts at 31 March 2023 345,363 18,741 28.762.252 3.412.716 32.539,072 Unrestricted funds Larnport Endowrnent Preservation Church Estate fund Trust fund Total funds Fund balances at 31 March 2022 are represented by.. Tangible fixed assets Fixed asset Investments Current assets Curienl liabilities Intra-fund indebtedness 291.434 2.104.607 21.752.642 135.619 {28.5371 4.530.998 7.629,394 10,025.435 21.752,642 103.981 984,349 123.5451 1124,0571 13,903.7081 726.008 171,9751 1627,2901 18,741 Total nel a55els at 31 March 2022 318.177 18.741 28.495.329 3.806.122 32.638,369 15. Capital commitments The group had capitsl commitments authorised and contracted for at 31 Mar¢h 2023 of £nil 131 March 2022. £nill 16. Contingent liabilities There were contingent liab11rt at 31 March 2023 or 31 March 2022. 17. Pensions The chanty operates a defined contribution pension scheme for the benefit of the senior employees. The assets of the scheme are administered by ITuslees In a fund independent Irom those of the charity During the year. conlribulions parfl lo the scheme lotslled £18.11412022." £13, 1351. 18. Constitution The trust is a registered chanty and is a company limited by guarantee with no share capital. 39
Docusign Envelope 10 879F2134-6FBE-4AAD-82B3-D769A4C76FIC LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Notes to the financlal statements for the year ended 31 March 2023 19. Related party transactions The following transactions look place with the charity's wholly owned subsidiaries". Lam rt Faryns Limited Rent received - £130.000 {2022 £130.0001 Service charge received - £1,25012022 £1.2501 Interest received £4.00012022. £4 0001 Gift aid received - £205,76312022. £64,661) Lam rt Enter fises Limited Rent received - £11,00012022 £24.0001 Service charge received - £16,181 12022 £3.5281 Gift aid received - £15,36312022. £1881 The balance due from wholfy owned subshIneS is disclosed in note 10. 20. Ro¢on¢lll8tlon of net movement In fund8 to net tash flow Irom operatlng actlvttle8 2023 2022 Nel movement in funds Investment income (Gainslllosses on Investments Oeprecialion (Lossllprofil on disposal ol fixed assets Decreasellincreasel In stock Decreasellincreasel In deblors (Decreasellincrease in creditors 199,2971 1643.8641 207,503 289.358 145.5961 1172.0911 28.568 336.634 3,346,516 1569.7601 13.281,9781 265,016 129,5131 1321.5621 20,277 (98.7851 1571.0041 21. C•8h flows frorn Investlng actlvltles 2023 2022 Investment income Purchase of Iisled Inveslmenls Disposal Proceeds Irom Iisled investments Movement ln cash awaiting Investment Purchase of tangible fixed assets Receipt from sale of fixed assets 643.864 1551,0831 687.880 569,760 1337 3601 267,301 16,3311 1387,8841 IYO,5961 53,510 293,575 105.486 22. Analysis of changes In net debt At 1 April Cash flows At 31 March 2022 2023 The Group Cash at bank and in hand Debt due within one year Debt due after one year 341.490 308.446 121,5511 92,105 194,790 649.936 121,5511 92,105 536,280 341.490 40
DocuSwJn Envelope 10 879F2134-6FBE4AAD-82B3-0769A4C76F1C LAMPORT HALL PRESERVATION TRUST LIMITED AND ITS SUBSIDIARY UNDERTAKINGS Management information Year ended 31 March 2023 The followlng page8 do not form part ofthe statutory flnanclal statements
Oocvsign Envelope 10 879F2134-6FBE-4AAD-8283-0769A4C76F1C LAMPORT HALL PRESERVATION TRUST LIMITED Income and expenditure account for the year ended 31 March 2023 Lamport Endowment Preservation Church Estate fund Trust fund Total 2023 Total 2022 Incorne and expenditure Incorning resources Rents received House showing SeNice charges Investment income Gift aid Donations and grants Sun(Jry income 535.237 56.849 15.590 94.512 1.900 221,126 504 32,706 592.086 15.590 94.512 131.270 221.126 504 34,876 572.415 4,564 73,560 115,4S6 64,849 685 21,095 129,370 2,170 Total incoming resources 666.777 423,187 1,089,964 852,624 Resources expended Direct charitablé expenditure Staff costs Depreciation Repairs and renewals Other 309.527 62,454 117,545 196,036 309.527 164.794 146.469 237.119 281,339 184,842 86,120 196,468 102,340 28,924 41,083 172.347 685.562 857,909 728,769 Investment management fees Management and adminislralion 33,837 77,081 33,837 113,599 34.907 111,850 36,518 110,918 36,518 147.436 146.757 Total resources expènded 283,265 722,080 1,005.345 875.526 Net loutgolngllincoming resources before other recognised losses 383.512 1298.8931 84,619 122,9021 Other recognised losses Nel gainslllossesl on Investment assets 415.137 415.137 5,315,258 Nèt movèments In funds 798,649 1298,8931 499.756 5.292,356 Fund balances brought fOard At 1 April 2022 18,741 39,075,856 4.378,967 43,473,564 38.181.208 Fund balances carried forward at 31 March 2023 18.741 39.874,505 4.080.074 43.973,320 43.473.564