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|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|
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|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|||||||||||||||||
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|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|
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|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|
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|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|
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|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||||||
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|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|