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|||||Page|
|---|---|---|---|---|
|Reference and administrative||details|ofthe Charity, its Trustees and advisers|1-2|
|Trustees'
report||||3-10|
|Independent|auditor's
report|on the|financial statements|11-14|
|Consolidated|statement offinancial||activities|15|
|Consolidated|balance sheet|||16|
|Charity balance sheet|||||
|Consolidated|statement ofcash flows|||18|
|Notes to the|financial statements|||19-41|
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|Admissi|on
statistics for the 2021 season compared|with the previous 2s|easons are summar|ised
as follow|
|---|---|---|---|---|
|||2021|2020|2019|
|Number|ofdays castle open to the public|192|98|193|
|Number|ofvisitors||||
||Castle|100,244|34,417|145,088|
||Grounds|49,924|18,934|44,818|
|Normal|admission
charge||||
||Adults|523.00|515.00|520.00|
||Senior Citizens|N/A|NIA|517.50|
||Children|F10.00|85.00|511.00|
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|||FOR THE|YEAR ENDED 31 D|ECEMBER 2021|||
|---|---|---|---|---|---|---|
||||Unrestricted|Endowment|Total|Total|
||||funds|funds|funds|funds|
||||2021|2021|2021|2020|
||||6|6|6|F|
|Income and endowments||from:|||||
|Charitable
activities|||2,606,803||2,606,803|627,688|
|Other trading
activities|||877,476||877,476|180,219|
|Investments|||83,144|130,635|213,779|119,457|
|Other incoming
resources|||61,781||61,781|90,526|
|Total income and endowments|||3,629,204|130,635|3,759,839|1,017,890|
|Expenditure
on:|||||||
|Raising funds:|||||||
|Fundraising
trading|||637,490||637,490|429,596|
|Investment
management||and bank|||||
|charges|||74,989|26,999|101,988|75,153|
|Charitable
activities:|||||||
|Upkeep ofthe castle|||1,587,698||1,587,698|1,458,646|
|Costs ofadmissions|and|castle|||||
|opening|||651,253||651,253|447,583|
|Governance
costs|||46,318||46,318|30,012|
|Total expenditure|||2,997,748|26,999|3,024,747|2,440,990|
|Net income/(expenditure)||before net|||||
|gains on investments|||631,456|103,636|735,092|(1,423,100)|
|Net gains on investments|||427,694|192,955|620,649|941,310|
|Net movement
in funds|||1,059,150|296,591|1,355,741|(481,790)|
|Reconciliation
offunds:|||||||
|Total funds brought
forward|||9,598,992|3,690,190|13,289,182|13,770,972|
|Net movement
in funds|||1,059,150|296,591|1,355,741|(481,790)|
|Total funds carried forward|||10,658,142|3,986,781|14,644,923|13,269,182|
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||FOR T|HE|YEAR ENDED 31 DECEM|BER 20|21|||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||Note||6|6|
|Cash flows from operating|activities|||||||
|Net cash used
in operating|activities||||23|194,146|(1,036,638)|
|Cash flows from investing|activities|||||||
|Dividends
and interests||||||230|4,610|
|Purchase oftangible
fixed assets||||||(16,397)|(236,713)|
|Net cash used in investing|activities|||||(16,167)|(232,103)|
|Change
in cash and cash|equivalents|in|the year|||177,979|(1,268,741)|
|Cash and cash equivalents|at the beginning||ofthe year|||2,237,599|3,506,340|
|Cash and cash equivalents|at the end of||the year||24|2,415,578|2,237,599|
|The notes on pages 19to 41 form part ofthese financial statements||||||||
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|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2021|2021|2020|
|6|6|F|
|2,606,803|2,606,803|627,688|
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2020|
|||6|6|E|
|Subsidiary|income|590,080|590,080|8,661|
|Rental/car|park income|287,396|287,396|171,558|
|Total 2021||877,476|877,476|180,219|
##
|||Unrestricted|Endowment|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2021|2021|2021|2020|
|||6|6|6|6|
|Investment|income|82,914|130,635|213,549|114.847|
|Bank interest||230||230|4.610|
|Total 2021||83,144|130,635|213,779|119,457|
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||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2021|2021|2020|
||||||E|5|5|
||Government|grants|||17,403|17,403|90,526|
||Insurance|income|||44,378|44,378||
||Total 2021||||61,781|61,781|90,526|
|8.|Finance costs|||||||
|||||Unrestricted|Endowment|Total|Total|
|||||funds|funds|funds|funds|
|||||2021
8|2021
f|2021
5|2020
8|
||Investment|management|fees and bank|||||
||charges|||74,989|26,999|101,988|75,153|
##
||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021|2021|2020|
||||E|5||
|Upkeep of|the Castle||1,587,698|1,587,698|1,459.078|
|Cost ofadmissions||and Castle opening|651,253|651,253|443,843|
|Governance|costs||46,318|46,318|33,320|
|Total 2021|||2,285,269|2,285,269|1,936,241|
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||||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||Staff costs||Depreciation|||Other costs|funds|funds|
|||||2021|||2021|2021|2021|2020|
|||||5|||6|5|6|5|
|Upkeep ofthe Castle||||698,888|||63,508|825,302|1,587,698|1,459,078|
|Cost of admissions|and Castle||||||||||
|opening||||324,000||||327,253|651,253|443,843|
|Governance
costs||||8,762||||37,556|46,318|33,320|
|Total 2021||||1,031,650|||63,508|1,190,111|2,285,269|1,936,241|
|Net income/(expenditure)|||||||||||
|This is stated after charging:|||||||||||
||||||||||2021|2020|
||||||||||5|5|
|Depreciation
oftangible fixed||assets|||||||93,442|69,628|
|Fees payable to the Charity's||auditor||in respect|of:||||||
|- Accountancy
and|audit||||||||15,750|15,220|
|Operating
lease rentals|||||||||18,337|19,359|
|During the year, no|Trustees|received any benefits||||in kind (2020; ENil).|||||
|During the year, no|Trustees|received reimbursement|||||ofexpenses (2020:ENII).||||
|Staff costs|||||||||||
|Staffcosts were as|follows:||||||||||
|||||||Group||Group|Charity|Charity|
||||||||2021|2020|2021|2020|
||||||||6|6|6|E|
|Wages and salaries||||||1,085,364||867,189|973,339|832,238|
|Social security costs|||||||60,178|56,521|60,178.|53,365|
|Contribution
to defined contribution|||pension||||||||
|schemes|||||||52,509|49,514|52,509|49,514|
|||||||1,198,051||973,224|1,086,026|935,117|
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|Group|Group|
|---|---|
|2021|2020|
|No.|No.|
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||Freehold||||||||
|---|---|---|---|---|---|---|---|---|
||properly,|||ISotor vehicles &|Restaurant|&g)R|Rxtures, Rtffngs||
||ImProvements|&|Coffee ahoP|groundsmens'|shop Sxlures 6||&computer||
||gardens||Rxtures &Rtdngs|equipment|Iffffngs||equipment|Total|
||E||E|E|E||E|E|
|Cost orvaluation|||||||||
|At I January 2021|2,$46,$ST|||160,$37|183,124||427,4$4|3,380AOS|
|Add xions|||6SS|1,08$||7,490|7,272|10,397|
|Dispossls|||(309)|||(8,661)||($,920)|
|At 31 December 2021|2,545,$67||03,609|1$1.722|182,063||434,736|3,387,8$6|
|Depreciation|||||||||
|At I January 2021|1,962,630||4S,163|12$,326|100,203||312,0S3|2,566~5|
|Charge for tha year|41,272||4,641|10,177||26,393|12,0S9|93,442|
|On disposals|||(236)|||(4,970)||IS,214)|
|Ai 31 December 2021|2,023,902|||138,S03|120,677||324,142|2,$S$,693|
|Net book value|||||||||
|At 31 December 2021|621,966||14,039|23,219||81,3SS|110,694|731,193|
|At 31 December 2019|503,227||18,164|32.311||82,$61|115.381|811,044|
##
##
|Freehold|Motor|Fixtures 6||
|---|---|---|---|
|properly
6|vehicles
6|fhtlngs
6|Total
6|
|2,546,$67|160,537|427,484|3,133,96$|
||1,0S6|7,272|0,3ST|
|2,645,$57|181,722|434,736|3,142,316|
|1,982,530
41,272|12eD2e
10,177|312,0$3
2A23,039
12,06963,600||
|2,023,902|130,603|324,142|2,488,647|
|S21,$5S|23,219|110,694|666,760|
|563,227|32,311|115,3$1|710,019|
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|||Endowment|East Wing|General fund||
|---|---|---|---|---|---|
|||fund|sinking
fund|investments|Total|
|Group||6|6|6|6|
|Cost or valuation||||||
|At 1 January 2021||3,686,254|42,775|5,872,610|9,601,639|
|Investment
income||130,635|1,290|81,624|213,549|
|Management
fees||(26,999)|(306)|(45,052)|(72,357)|
|Realised and unrealised|gains/(losses)|196,891|(1,378)|425,136|620,649|
|At 31 December 2021||3,986,781|42,381|6,334,318|10,363,480|
|Net book value||||||
|At 31 December 2021||3,986,781|42,381|6,334,318|10,363,480|
|At 31 December 2020||3,686,254|42,775|5,872.610|9,601,639|
##
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||Shares|in|Endowment|East Wing|General fund||
|---|---|---|---|---|---|---|
|Charity|subsidiary
5||fund
f|sinking
fund|investments
6|Total
5|
|Cost or valuation|||||||
|At 1 January 2021||100|3,686,254|42,775|5,872,610|9,601,739|
|Investment
income|||130,635|1,290|81,624|213,549|
|Management
fees|||(26,999)|(306)|(45,052)|(72,357)|
|Realised and unrealised|||||||
|gains/(losses)|||196,891|(1,378)|425,136|620,649|
|At 31 December 2021||100|3,986,781|42,381|6,334,318|10,363,580|
|Net book value|||||||
|At 31 December 2021||100|3,986,781|42,381|6,334,318|10,363,580|
|At 31 December 2020||100|3,686,254|42,775|5,872,610|9,601,739|
##
|Name|||||Company||Class of|Holding|
|---|---|---|---|---|---|---|---|---|
||||||number||shares||
|Arundel|Castle Enterprises||Limited||01521264||Ordinary|100'/o|
|The financial||results ofthe|subsidiary|for the year were:|||||
|Name||||Income|Expenditure|Profit/(Loss)||Net assets|
|||||6||for|the year|6|
||||||||6||
|Arundel|Castle Enterprises||Limited|590,099|(403,053)||187,046|99,265|
##
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##
|Duke of N|orfolk. The fund is represent|ed
by:||||
|---|---|---|---|---|---|
|||Market|Cost|Market Value|Cost|
|||Value 2021
6|2021f|2020
F|2020
6|
|UK listed investments||288,117|237,099|130,106|123,946|
|Overseas|listed investments|2,204,466|1,399,105|1,878,427|1,384,920|
|Other unlisted
securities||752,784|775,961|747,905|675,823|
|Bonds and fixed interest||IL4~70|~@~2|t)37RK|61~4|
|Sub total||3,886,147|3,005,694|3,394,348|2,800,732|
|Investment|deposit account|~135u2|illtl,534|~27
06|~27
6|
|Total||~9IL66ll1|~1)'t~2|~~66 2 4|~~92ggQ|
##
|This repres
by:|ent|s
funds
invested
in 19|93for future
restoration|of the East W|ing. The fund|is represented|
|---|---|---|---|---|---|---|
||||Market|Cost|Market Value|Cost|
||||Value 2021|2021|2020|2020|
|Other unlisted||investments|5
~76|6
~134|F
~277|F
~22
1|
|Sub total
Investment|deposit account||34,768
7613|34,134
7613|32,718
~10 59|22,615
10059|
|Total|||42 301|41 747|42 777|32674|
##
##
##
|The fund|is represented
by:|||||
|---|---|---|---|---|---|
|||Market|Cost|Market Value|Cost|
|||Value 2021|2021|2020|2020|
|||5|6|5|5|
|UK listed investments||412,203|367,593|1,410,942|1,278,535|
|Overseas|listed investments|2,656,958|2,144,458|2,146,995|1,622,128|
|Other unlisted
securities
Bonds and fixed interest||1,359,818
~142m|1,351,954
1434 144|1,146,881
~72 7D6|1,217,696
72127I4|
|Sub total||5,911,969|5,297,149|5,457,524|4,845,263|
|Investment|deposit account|422 349|422 349|41~ 082|~41
Dfl2|
|Total||6334318|5719498|5872606|526D345|
##
|||Group|Group|
|---|---|---|---|
|||2021|2020|
|||5||
|Gift shop goods for resale||81,382|109,858|
|Restaurant|stock|2,291|3,278|
|Cafe stock|||319|
|||83,673|113,455|
|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
|||6|5|5|6|
|Due within one year||||||
|Trade debtors||35,743|34,804|29,857|34,804|
|Amounts
owed by group undertakings||||575,896|366,747|
|Other debtors||320,646|83,612|320,646|83,612|
|Prepayments|and accrued income|340,659|260,628|340,657|259,516|
|||697,048|379,044|1,267,056|744,679|
##
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##
||Group|Group|Charity|Charity|
|---|---|---|---|---|
||2021|2020|2021|2020|
||6|6|6|6|
|Trade creditors|8,237|304,348|8,013|303,765|
|Other taxation and social security|22,898||22,144||
|Other creditors|250|250|250|250|
|Accruals and deferred income|90,347|25,584|85,677|21,084|
||121,732|330,182|116,084|325,099|
##
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##
|Statement offunds|- current|year|||||
|---|---|---|---|---|---|---|
|||||||Balance at 31|
|||Balance at 1|||Gains/|December|
|||January
2021|Income|Expenditure|(Losses)|2021|
|||5|5|6||5|
|Unrestricted
funds|||||||
|Designated
funds|||||||
|East Wing Sinking Fund||42,825|1,290|(306)|(1,428)|42,381|
|General funds|||||||
|General funds||9,556,167|3,627,914|(2,997,442)|429,122|10,615,761|
|Total Unrestricted|funds|9,598,992|3,629,204|(2,997,748)|427,694|10,658,142|
|Endowment
funds|||||||
|Endowment
funds||3,690,190|130,635|(26,999)|192,955|3,986,781|
|Total offunds||13,289,182|3,759,839|(3,024,747)|620,649|14,644,923|
##
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##
|Statement|offunds|- prior y|ear|||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||||Balance at||||31|
||||1 January|||Gains/|December|
||||2020|Income|Expenditure|(Losses)|2020|
||||||8|6|F|
|Unrestricted|funds|||||||
|Designated|funds|||||||
|East Wing Sinking Fund|||40,942|1,480|(243)|646|42,825|
|General funds||||||||
|General funds|||10,381,266|962,203|(2,421,054)|633,752|9,556,167|
|Total Unrestricted||funds|10,422,208|963,683|(2,421,297)|634,398|9,598,992|
|Endowment|funds|||||||
|Endowment|funds||3,348,764|54,207|(19,693)|306,912|3,690,190|
|Total offunds|||13,770,972|1,017,890|(2,440,990)|941,310|13,289,182|
##
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##
|Summary|offunds - current ye|ar|||||
|---|---|---|---|---|---|---|
|||||||Balance at 31|
|||Balance at 1|||Gains/|December|
|||January 2021|Income|Expenditure|(Losses)|2021|
|||||6|6|6|
|Designated|funds|42,825|1,290|(306)|(1,428)|42,381|
|General funds||9,556,167|3,627,914|(2,997,442)|429,122|10,615,761|
|Endowment|funds|3,690,190|130,635|(26,999)|192,955|3,986,781|
|||13,289,182|3,759,839|(3,024,747)|620,649|14,644,923|
|Summary|offunds - prior year||||||
|||||||Balance at|
|||Balance at||||31|
|||1 January|||Gains/|December|
|||2020|Income|Expenditure|(Losses)|2020|
|||F|8|8|6|F|
|Designated|funds|40,942|1,480|(243)|646|42,825|
|General funds||10,381,266|962,203|(2,421,054)|633,752|9,556,167|
|Endowment|funds|3,348,764|54,207|(19,693)|306,912|3,690,190|
|||13,770,972|1,017,890|(2,440,990)|941,310|13,289,182|
##
|Analysis of net assets between funds - cur|rent year|||
|---|---|---|---|
||Unrestricted|Endowment|Total|
||funds|funds|funds|
||2021|2021|2021|
||6|6||
|Tangible fixed assets|731,193||731,193|
|Fixed asset investments|6,376,699|3,986,781|10,363,480|
|Heritage assets|475,683||475,683|
|Current assets|3,196,299||3,196,299|
|Creditors due within one year|(121,732)||(121,732)|
|Total|10.658.142|3,986,781|14,644,923|
##
##
##
##
||||||||Unrestricted|Endowment|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|funds|
||||||||2020|2020|2020|
||||||||F|F|5|
||Tangible fixed assets||||||811,944||811,944|
||Fixed asset investments||||||5,911,449|3,690,190|9,601.639|
||Heritage assets||||||475,683||475.683|
||Current assets||||||2,730,098||2,730,098|
||Creditors due within|one year|||||(330,182)||(330,182)|
||Total||||||9,598,992|3,690,190|13,289,182|
|23.|Reconciliation
ofnet||movement||in funds|to net cash flow from operating||activities||
|||||||||Group|Group|
|||||||||2021|2020|
|||||||||6|5|
||Net income/expenditure||for the year (as per|||Statement of|Financial|||
||Activities)|||||||1,355,741|(481,790)|
||Adjustments
for:|||||||||
||Depreciation
charges|||||||93,442|69,628|
||(Gains)/losses
on investments|||||||(620,649)|(941,310)|
||Dividends
and interest|||||||(213,779)|(119,457)|
||Loss on the sale offixed assets|||||||3,706|8,640|
||Decrease/(increase)|in|stocks|||||29,782|(55,154)|
||Decrease/(increase)|in|debtors|||||(415,319)|151,098|
||Increase/(decrease)|in|creditors|||||(111,135)|263,894|
||Investment
management
fees|||paid by fund||||72,357|67,813|
||Net cash provided
by/(used|||in) operating||activities||194,146|(1,036,638)|
##
##
##
##
##
|||Group|Group|
|---|---|---|---|
|||2021|2020|
|||5|5|
|Cash|in hand|2,415,578|2,237,599|
|Total|cash and cash equivalents|2,415,578|2,237,599|
##
||||||||||At 31|
|---|---|---|---|---|---|---|---|---|---|
|||||||At|1January||December|
||||||||2021|Cash flows|2021|
||||||||6|5|E|
|Cash|at|bank|and|in|hand||2,237,599||2,415,578|
||||||||2,237,599|177,979|2,415,578|
##
|payments|und|er non-cancellable
operating
leas|es as follows:||||
|---|---|---|---|---|---|---|
||||Group|Group|Charity|Charity|
||||2021|2020|2021|2020|
|||||5||5|
|Not later than||1 year|11,491|18,337|11,491|18,337|
|Later than|1 year and not later than 5years||48,850|64,905|48,850|64,905|
||||60,341|83,242|60,341|83,242|
##
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