2022-12-31-accounts

Report of the	Trustees
Report of the	Independent	Auditors
Consolidated	Statement	of Financial Activities
Balance Sheets
Consolidated	Statement	of Cash Flows
Notes to the	Consolidated	Accounts

REFERENCE AND ADM	REFERENCE AND ADM	INISTRA	INISTRA	INISTRA	INISTRA	INISTRA	TIVE DETA	TIVE DETA	IL	S
Registered Company		number:					1587910
Registered Charity	number:					284944
Registered office
Portsmouth Road, Cobham,					Surrey KT11 1JE
Trustees
Sir Stephen Lamport	GCVO			DL			Chair
Mr lan Sampson JP							Vice Chair until			29 June		2022
HH Christopher Critchlow			DL				Vice Chair appointed				29 June		2022
Mr David Hingley
Mrs Shweta Kapadia
Mr Peter Kelly
Mr Richard Reay-Smith		DL
Mrs Louise Russell
Dr David Taylor
Mr Paul Tiller							Honorary	Treasurer
Company Secretary							Mr Paul	Tiller
Director							Mr Paul	Griffiths
Senior Management	Team						Mrs Yolynnda			Delugar		Finance Director
							Ms Karen Dawson					Head		of Fundraising
							Mr Adam	Langendoen				Head		of Learning
							Mr Jake	Lovick				Head		of Estates 8		Landscape		(Appointed	31 Oct 2022)
							Mr Andrew		Mills			Head		of Estate 8 Landscape			(Resigned		31 July 2022)
							Ms Christina		Paver			Head		of Marketing		and Communications
							Mr Steven		Roach			Head		of Visitor and		Commercial		Operations
Auditors
Sheen Stickland Chartered				Accountants,				7 East		Pallant,		Chichester,			West Sussex PO19		1TR
Solicitors
Knights pic, The Brampton,				Newcastle-under-Lyme,							Staffordshire			ST5 OQW
Bankers
National Westminster	Bank,				7-10 Brindley			Place, Birmingham					B1	2TZ
Members
HH Christopher Critchlow			DL*
Mr David Hingley*
Mrs Angela Fraser DL
Mrs Shweta Kapadia*
Mr Peter Kelly*
Sir Stephen Lamport	GCVO				DL*
Mr Richard Reay-Smith		DL*
Mrs Louise Russell*
Mr lan Sampson JP"
Mrs Cherrill Sands
Mr Michael Symes
Dr David Taylor*
Mr Paul Tiller"
Chairman of Surrey	County				Council —ex			officio
Mayor of Flmbridge	—ex		officio

Year ended 31 De	cember	2022
							2022	2021
					Unrestricted	Restricted	Total	Total
				Note	F'000	F'000	E'000	F'000
Income from:
Donations and legacies					28	627	654
Charitable activities
Admission and	membership				1,072		1,072	1,190
Education					78		78	74
Events					128		128	177
Other trading activities					878		878	783
Investments					3		3	1
Other income					2		2	10
Total income					2 188	627	2 815	2,345
Expenditure on:
Raising funds					133		133	131
Charitable activities
Landscape					464	98	561	602
Visitor management					913	1,079	1,992	959
Education					92	8	100	95
Other trading activities					515		515	514
Total expenditure					2117	1 184	3 302	2,301
Net expenditure and net movement			in funds before gains	5	71	(558)	(486)	44
Transfers between	funds				(540)	540
(Loss)/gain on revaluation		of investments			(28)		(28)	47
Net movement in	funds				(497)	(18)	(515)	91
Reconciliation of	funds
Total funds brought	forward				'I,052	79	1,131	1,040
Total funds carried forward					555	61	616	1 131

As at 31 Decembe	r	202	2
						Group		Charity
					Note	2022	2021	2022	2021
						E'000	E'000	E'000	E'000
Fixed assets
Tangible assets						212	237	212	237
Current assets
Stock						37	27
Debtors						150	115	446	518
Cash at bank and	in	hand				676	1,104	388	714
						863	1,246	834	1,232
Liabilities
Creditors: amounts		falling		due within one year	10	(443)	(320)	(413)	(306)
Net current assets						420	926	420	926
Total assets less	current			liabilities		632	1,163	632	1,163
Creditors amounts		falling		due after more than one year	10	(16)	(32)	(16)	(32)
Total net assets						616	1 131	616	1 131
Funds
Restricted funds						61	79	61	79
Unrestricted funds:
Designated funds						27	567	27	567
General contingency			funds			528	485	528	485
Total unrestricted	funds					555	1,052	555	'l,052
Total charity funds					12	616	1 131	616	1 131

Painshill Park Trust Limited
Consolidated statement of	cash flows
Year ended 31 December 2022
					2022	2021
					E'000	f'000
Net cash used in operating	activities				428	108
Cash flows from investing	activities
Interest and dividends					3	1
Purchase of equipment					(3)	(29)
Net cash provided by investing activities						28
Change in cash and cash equivalents			in the year		(428)	80
Cash and cash equivalents brnught		forward			1,104	1,024
Cash and cash equivalents	at the	end ofthe year			676	1 104
					2022	2021
Reconciliation of net income to net			cash flow from operating	activities	E'000	E'000
Net movement in funds					(515)	91
Depreciation					28	28
Interest					(3)	(1)
(Increase)/decrease in	debtors				(35)	(10)
Increase/(decrease) in	creditors				107	(3)
(Increase)/decrease in	stock				(10)	3
Net cash used in operating	activities				428	108
					2022	2021
					f'000	F'000
Cash at bank					676	1,104

Analysis of group in	come
								Note 11
							Unrestricted	Restricted	Total 2022	Total 2021
							E'000	E'000	E'000	F'000
Donations, legacies	and	grants
Alan Richard Dewberry										8
Aslackby Trust										10
Cargill Inc.										7
Cargill PLC										4
Community Foundation		for	Surrey							10
Elmbridge Borough	Council, Local				CIL grant			534	534
Elmbridge Borough	Council, Strategic CIL grant							41	41
Dr and Mrs David Taylor								2	2
His Honour Christopher		Critchlow			DL					5
Anonymous										8
Lady Alexander ofWeedon										17
Leche Trust, The									3
Loseley Christian Trust,		The							2
Sabina Sutherland	Charitable			Trust					3
SWT —People's Postcode			Lottery		Dream	Fund			7
Stanley Smith (UK)	Horticultural			Trust				5	5
Hugh and Catherine	Stevenson							10	10
Stuart Heath Charitable		Settlement						3	3
Surrey Historic Buildings		Trust						3	3
Other donations including			Gift	Aid			20	17	37	40
Charitable activities
Admission							663		663	816
Membership							409		409	374
Education							78		78	74
Events							109		109	145
Other park income							19		19	32
Other trading activities
Tearoom							443		443	525
Retail							148		148	163
Commercial events	and	filming					238		238	55
Wedding							21		21	24
Venue hire							28		28	16
investment income
Bank interest
Other income
Job Retention Scheme										10
Insurance claims
Other income
Total income							2 188	627	2 815	2 345

Staff costs
						2022	2021
						f'000	F'000
Salaries and wages						750	737
Casual staff	salary costs					83	69
Social security costs						64	61
Employer's	contribution	to defined	contribution	pension	scheme	16	15
						913	882

2022	2021
No.	No.

personnel (2	021:8)	021:8)
The average	number		of employees	(head count based on number	of staff employed)	was:
							2022	2021
							No.	No.
Raising funds							1	1
Landscape							6	6
Visitor management							11	12
Education							2	2
Support							5	5
Governance							1	1
Total							26	27
Net expenditure		for	the year
							2022	2021
This is stated	after charging:						f'000	F'000
Auditor's remuneration							6	6
Operating lease		payments					16	17
Depreciation							28	28

	Tangible fixed	as	sets		- gro	up	and	charity
										Motor	Landscape		Office	Tea room		Works	of
									vehicles		equipment		equipment	equipment			Art	Total
										E'000	F'000		F'000	E'000		E'000		E'000
	Cost
	At the start of the		year							91		34	33	120			60	338
	Additions												3					3
	Disposals
	At the end of	the	year							91		34	36	120			60	341
	Accumulated	depreciation
	At the start of	the	year							23		16	33		29			101
	Charge for year									7		9			12			28
	Depreciation on disposals
	At the end of	the	year							30		25	33		41			129
	Net book value
	At the end of	the	year												79		60	212
	At the start of	the	year							68		18			91		60	237
	Investments	in trading			subsidiaries								Group				Charity
	Name of subsidiary									Holding			Proportion	of voting		Registered		Investment
	Painshill Enterprises			Limited					Ordinary		Shares		100%			England		1
	Income from the trading				subsidiary			is received		by way	of Gift	Aid.	Please refer to	note 13	for further details.
9	Debtors due	within		one year									Group				Charity
													2022	2021		2022		2021
													E'000	E.'000		E'000		E'000
	Irade debtors												33		13		22	13
	Prepaymenls	and accrued				income							112		97	112		97
	Current accounts		with		trading		subsidiaries									307		403
	Other debtors																5	5
													150	115		446		518
10	Creditors falling		due		within		one	year					Group				Charity
													2022	2021		2022		2021
													E'000	E'000		E'000		E'000
	Trade creditors												172		96		154	87
	VAT												24		33		24	33
	Other taxes 8 social			security									22		20		22	20
	Accruals and	deferred			income								189		126		178	119
	Bank Loan												36		45		36	45
	Hire purchase														1			1
	Other creditors
													443		321		413	306
	Creditors: amounts			falling			due	in more	than one		year
	Finance lease												16		32		16	32
													459		353		429	338

Analysis	of group net assets between funds
		Unrestricted	Restricted	Total
		funds	funds	funds
		F'000	E'000	F'000
Fund balances at 31 December 2022 are represented		by:
Tangible	fixed assets	212		212
Current	assets	802	61	863
Current	liabilities	(443)		(443)
		570	61	632
Creditors	due after one year	(16)		(16)
Total net	assets	554	61	616

				2022	2021
				F'000	F'000
Turnover				878	793
Operating	costs			515	514
				363	279
Paid to charity under deed of covenant				363	279
The assets and liabilities		of the subsidiary	were:	2022	2021
				F'000	F'000
Current	assets			393	294
Current	liabilities			393	294
Share capital

Movement in funds	(	prior year)
			At 1 Jan	Income	Expenditure	Revalrration	At 31Dec
			2021				202'I
			L"000	E'000	L"000	L"000	E'000
Restricted funds
Temple ofBacchus			36		(4)		32
Car Park			(1)				(1)
Landscape equipment	tt	vehicles	12		(4)		8
Cargill Inc.			4	4	(8)
Cargill PLC				7	(7)
Woollett Bridge				42	(16)		25
Community Foundation		for Surrey		10	(5)		5
Landscape development
Other landscape donations				14	(7)	(4)	10
Charity restricted funds			57	77	(51)	(4)	79
Unrestricted funds
Desigrr ated —Painshill	Developments		546		(4)		542
Desigr ra ted —Ternpie	of	Bacchus	25				25
Gener a/ funds			412	2 269	(2 247)	51	486
Unrestricted funds			983	2,269	(2,251)	51	1,053
Group total funds			1,040	2,346	2,301	47	1,131