| Page | ||||
|---|---|---|---|---|
| Reference and administrative details |
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| Trustees' report |
2-4 | |||
| Trustees' responsibilities statement |
||||
| Independent auditor's |
report to the members | ofThe Duke of Northumberland's | Charity | 6-9 |
| Statement offinancial | activities | 10 | ||
| Balance sheet | ||||
| Notes to the financial | statements | 12-22 |
| Trustees | The Duke ofNorthumberland | ||
|---|---|---|---|
| Lord James Percy | |||
| Charity registered | |||
| number | 278584 | ||
| Registered | office | 9 New Square | |
| Lincoln's Inn |
|||
| London | |||
| WC2A 3QN | |||
| Independent | auditor | UNW LLP | |
| Citygate | |||
| StJames' Boulevard | |||
| Newcastle upon Tyne |
|||
| NE1 4JE | |||
| Bankers | Barclays Bank pic | ||
| 29 Bondgate Within | |||
| Alnwick | |||
| NE66 1TF | |||
| C Hoare 8 Co | |||
| 37Fleet Street | |||
| London | |||
| EC4P 4DQ | |||
| Solicitors | Hunters Law Li P |
||
| 9New Square | |||
| Lincolns Inn |
|||
| London | |||
| WC2A 3QN | |||
| Investment | advisors | Cazenove Capital Management |
Limited |
| 1 London Wall Place | |||
| London | |||
| EC2Y 5AU | |||
| United Kingdom |
| Total | |||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | funds | ||||
| funds | funds | funds | 2021 | ||||
| 2022 | 2022 | 2022 | (as restated) | ||||
| Note | E | E | |||||
| Income and endowments | from: | ||||||
| Donations and legacies |
23,139 | ||||||
| Investments | 276,200 | 276,200 | 178,066 | ||||
| Total income and | endowments | 276,200 | 276,200 | 201,205 | |||
| Expenditure on: |
|||||||
| Raising funds | 21,723 | 21 723 | 19,835 | ||||
| Charitable activities |
180,677 | 180,677 | 193,224 | ||||
| Total expenditure | 202,400 | 202,400 | 213,059 | ||||
| Net gains on investments | 423,928 | 423,928 | 990,042 | ||||
| Net income | 73,800 | 423,928 | 497,728 | 978,188 | |||
| Transfers between |
funds | 17 | 221,000 | (221,000) | |||
| Net movement in funds before other |
|||||||
| recognised gains |
294,800 | 202,928 | 497,728 | 978,188 | |||
| Other recognised | gains: | ||||||
| Gains on revaluation | offixed assets | 28,790 | 28,790 | ||||
| Net movement in funds |
294,800 | 231,718 | 526,518 | 978,188 | |||
| Reconciliation offunds: |
|||||||
| Total funds brought | forward | 30,560 | 6,703,684 | 6,734,244 | 5,756,056 | ||
| Net movement in funds |
294,800 | 231,718 | 526,518 | 978,188 | |||
| Total funds carried forward | 325,360 | 6,935,402 | 7,260,762 | 6,734,244 |
| 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2022 | (as restated) | |||||||
| Note | F | |||||||
| Fixed assets | ||||||||
| Investments | 12 | 6,804,814 | 6,380,885 | |||||
| Investment | property | 13 | 105,000 | 76,210 | ||||
| 6,909,814 | 6,457,095 | |||||||
| Current assets | ||||||||
| Debtors | 14 | 635 | ||||||
| Cash at bank | and in hand | 363,344 | 325,666 | |||||
| 363,344 | 326,301 | |||||||
| Creditors: amounts | falling due within one | |||||||
| year | 15 | (12,396) | (49,152) | |||||
| Net current | assets | 350„948 | 277,149 | |||||
| Total assets | less current liabilities | 7,260,762 | 6,734,244 | |||||
| Total net assets | 7,260,762 | 6,734,244 | ||||||
| Charity funds | ||||||||
| Endowment | funds | 17 | 6,935,402 | 6,703,684 | ||||
| Unrestricted | funds | 17 | 325,360 | 30,560 | ||||
| Total funds | 7,260,762 | 6,734,244 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| F | |||||
| Donations | and | gifts | 23,139 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| E | E | F | |||
| Rental | income | 2,938 | 2,938 | 8,908 | |
| Income | from listed investments | 153,262 | 153,262 | 49,158 | |
| Income | from unlisted | investments | 120,000 | 120,000 | 120,000 |
| 276,200 | 276,200 | 178,066 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022f | 2022f | 2021 F |
|
| Property expenses | 1,932 | 1,932 | 681 |
| Bank charges | 28 | 28 | 24 |
| Brokers fee | 9,763 | 9,763 | 19,130 |
| Other expenses | 10,000 | 10,000 | |
| 21,723 | 21 723 | 19,835 |
| Grant | ||||
|---|---|---|---|---|
| funding of |
Support | Total | ||
| activities | costs | funds | ||
| 2022 | 2022 | 2022 | ||
| E | ||||
| Grant funding | of activities | 167,737 | 12,940 | 180,677 |
| Grants | Support | Total | ||
| payable | costs | funds | ||
| 2021 F |
2021 E |
2021f | ||
| Grant funding | ofactivities | 187,573 | 5,651 | 193,224 |
| Analysis of | support costs |
| Total | Total | |||
|---|---|---|---|---|
| Activities | funds | funds | ||
| 2022 | 2022 | 2021f | ||
| Legal and professional fees | 3,441 | 3,441 | 371 | |
| Accountancy | fees | 8,317 | 8,317 | 3,300 |
| Other services | 1,182 | 1,182 | 1,980 | |
| 12,940 | 12,940 | 5,651 |
| Grants payable | |||||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| E | |||||||
| Grants to institutions: | |||||||
| Albury Old Saxon Church |
5,000 | ||||||
| Albury Sports Club | 5,000 | ||||||
| Alice House Hospice | 3,000 | ||||||
| Alnwick Playhouse | 10,000 | 18,000 | |||||
| Atlantic Salmon Trust | 10,000 | 10,000 | |||||
| Battlefields Trust | 1,000 | ||||||
| British Red Cross | 5,000 | ||||||
| Campbell Rowntree |
4,000 | 1,000 | |||||
| Chatton Village Hall Trust | 5,000 | ||||||
| Community Action Northumberland |
12,000 | ||||||
| Country Food Trust | 2,500 | ||||||
| CSR Donation | 5,000 | ||||||
| Daft as a Brush Cancer Care | 3,920 | ||||||
| Duchess High School |
Trust | 1,500 | |||||
| Ellingham Village Hall |
1,000 | ||||||
| Friend ofthe Hurtwood | 4,500 | ||||||
| Game and Wildlife Conservation | Trust | 5,000 | 5,000 | ||||
| Great North Air Ambulance | Service | 8,000 | |||||
| Hindmarsh Hall |
1,000 | ||||||
| Hope Estates | 25,000 | ||||||
| Hounslow Community |
Foodbox | 3,000 | |||||
| Hurtwood Control |
4,500 | ||||||
| Laptops | 6,000 | ||||||
| Longhoughton Parish |
Hall | 5,000 | |||||
| Meadowell Connected |
5,965 | ||||||
| NE Youth Ltd | 2,200 | 5,000 | |||||
| Need Ltd | 1,000 | ||||||
| Netherwitton Village Hall |
1,000 | ||||||
| Newcastle University |
50,000 | ||||||
| North Northumberland | Hospice Care | 7,004 | |||||
| Northumberland Community |
Bank | 1,80? | |||||
| Northumberland Pride |
1,000 | ||||||
| Prudhoe Parochial Church |
Council | 1,000 | |||||
| Red Squirrel Survival |
Trust | 7,500 | 7,500 | ||||
| Renewable Energy Foundation |
20,000 | ||||||
| Scottish Land and Estates | 30,000 | ||||||
| Scottish Moorland Group |
5,000 | ||||||
| Seahouses Development |
Trust | 2,482 | |||||
| StJames' Church | 1,000 | ||||||
| St Michael's Church | 1,544 | ||||||
| St Paul's PCC | 2,500 | ||||||
| The County Trust | 2,500 | 2,500 | |||||
| The Hextol Foundation | 3,600 | ||||||
| The Rememberance | Trust | 1,000 | |||||
| Tyne Rivers Trust | 2,000 | ||||||
| Donations less than f1,000 paid |
to 44 (2021:24) charitable | institutions | 'l4 12'I | 6 167 | |||
| 167,737 | 187,573 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| E | ||||||||
| Fees payable | to the charity's | auditor for | the audit ofthe charity's | annual | ||||
| accounts | 5,500 | |||||||
| Fees payable | to the charity's | accountant | for the independent | examination | of | |||
| the charity's | annual accounts | 5,280 |
| Investments | |||
|---|---|---|---|
| Listed | in joint | ||
| investments | ventures | Total | |
| F. | |||
| Cost or valuation | |||
| At 1 April 2021 (as restated) | 3,818,809 | 2,562,076 | 6,380,885 |
| Revaluations | 209,482 | 214,447 | 423,929 |
| At 31 March 2022 | 4,028,291 | 2,776,523 | 6,804,814 |
| Net book value | |||
| At 31 March 2022 | 4,028,291 | 2,776,523 | 6,804,814 |
| At 31 March 2021 | 3,818,809 | 2,562,076 | 6,380,885 |
| Freehold | |
|---|---|
| investment | |
| property | |
| Valuation | |
| At 1 April 2021 | 76,210 |
| Surplus on revaluation |
28,790 |
| At 31 March 2022 | 105,000 |
| 2022 | 2021 | ||
|---|---|---|---|
| K | F | ||
| Trade | debtors | 635 |
| 2022 | 2021 | ||
|---|---|---|---|
| F | |||
| Trade creditors | 3,129 | 210 | |
| Other creditors | 3,767 | 43,662 | |
| Accruals and deferred | income | 5,500 | 5,280 |
| 12,396 | 49,152 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | Transfers | Gainsl | 31 March | ||||
| April 2021 | Income | Expenditure | in/out | (Losses) | 2022 | ||
| F | K | K | |||||
| Unrestricted | |||||||
| funds | |||||||
| General | 30,560 | 276,200 | (202,400) | 221,000 | 325,360 | ||
| Endowment | |||||||
| funds | |||||||
| Expendable | fund | 6,703,684 | (221,000) | 452,718 | 6,935,402 | ||
| Total offunds | 6,734,244 | 276,200 | (202,400) | 452,718 | 7,260,762 |
| As restated | Balance at | |||||
|---|---|---|---|---|---|---|
| Balance at | Gains/ | 31 March | ||||
| 1 April 2020 | Income | Expenditure | (Losses) | 2021 | ||
| F | F | F | ||||
| Unrestricted | funds | |||||
| General | 42,414 | 201,205 | (213,059) | 30,560 | ||
| Endowment | funds | |||||
| Expendable | fund | 5,713,642 | 990,042 | 6,703,684 | ||
| Total offunds | 5,756,056 | 201,205 | (213,059) | 990,042 | 6,734,244 |
| Analysis o | fnet assets between funds - curr | ent year | ||
|---|---|---|---|---|
| Unrestricted | Endowment | Total | ||
| funds | funds | funds | ||
| 2022 | 2022 | 2022 | ||
| F | F. | |||
| Fixed asset investments | 6,804,814 | 6,804,814 | ||
| Investment | property | 105,000 | 105,000 | |
| Current assets | 337,756 | 25,588 | 363,344 | |
| Creditors due within one year | (12,396) | (12,396) | ||
| Total | 325,360 | 6,935,402 | 7,260,762 |
| Unrestricted | Endowment | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021 | 2021 | 2021 | ||
| f. | ||||
| Fixed asset investments | 6,380,885 | 6,380,885 | ||
| Investment | property | 76,210 | 76,210 | |
| Current assets | 79,712 | 246,589 | 326,301 | |
| Creditors due within one year | (49,152) | (49,152) | ||
| Total | 30,560 | 6,703,684 | 6,734,244 |