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||||Page||
|---|---|---|---|---|
|Reference|and Administrative
Details||||
|Report of|the Trustees||2 to|5|
|Statement|ofTrustees'|Responsibilities|||
|Report of|the Independent
Auditors||7 to|9|
|Statement|ofFinancial|Activities|10||
|Statement|of Financial|Position|11 to|12|
|Notes to the Financial||Statements|13 to|20|
|Detailed Statement of||Financial Activities|21 to|22|
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|TRUSTEES|Mr R G Fernley Chairman|Mr R G Fernley Chairman||
|---|---|---|---|
||The Hon R Lytton Cobbold|||
||Mr D W Morgan|||
||Mr R H
I Rutter Vice Chairman|||
||Mr E Lytton Cobbold|||
||Mayor of Stevenage|||
||Chairman
North
Hert|District Council||
||Chairman
Knebworth|Parish Council||
||Miss M G Lytton Cobbold|||
|PRINCIPAL ADDRESS|The Estate Office|||
||Knebworth
House|||
||Knebworth|||
||Hertfordshire|||
||SG3 6PY|||
|REGISTERED CHARITY NUMBER|289346|||
|AUDITORS|Wags LLP t/a Wagstaffs|||
||Chartered
Accountants|and Statutory|Auditors|
||Richmond
House|||
||Walkern
Road|||
||Stevenage|||
||Hertfordshire|||
||SG13QP|||
|SOLICITORS|Farrer and Co,|||
||66 Lincoln's
Inn Fields,|||
||London,|||
||WC2A 3LI-I|||
|INVESTMENT MANAGERS|Rathbone
Investment|Management|Ltd,|
||139New Bond Street,|||
||London,|||
||W1Y 9PA|||
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Tota I|Tota
I|
|||||funds|fund|funds|funds|
||||Notes|E|f|E|f|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and grants||||105,048||105,048|124,035|
|Investment
income||||128,554||128,554|127,315|
|Other income||||102,225||102,225|100,570|
|Total||||335,827||335,827|351,920|
|EXPENDITURE ON||||||||
|Charitable
activities||||||||
|General||||401,346||401,346|406,103|
|Net gains on investments||||138,211||138,211|4,645|
|NET INCOME/(EXPENDITURE)||||72,692||72,692|(49,538)|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought|forward|||2.113232||2,113,232|2,162,770|
|TOTAL FUNDS CARRIED FORWARD||||2,185,924||2,185,924|2,113,232|
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|||||2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Tota
I|
|||funds|fund|funds|funds|
||Notes|f|E|E|E|
|FIXED ASSETS||||||
|Tangible assets|9|1,691,506||1,691,506|1,601,506|
|Investments|10|493,723||493,723|449,399|
|||2,185,229||2,185,229|2,050,905|
|CURRENT ASSETS||||||
|Debtors|11|63,418||63,418|35,930|
|Cash at bank||153,731||153,731|66,253|
|||217,149||217,149|102,183|
|CREDITORS||||||
|Amounts
falling due within one year|12|(168,954)||(168,954)|(39,856)|
|NET CURRENT ASSETS||48,195||48,195|62,327|
|TOTAL ASSETS LESSCURRENT LIABILITIES||2,233,424||2,233,424|2,113,232|
|CREDITORS||||||
|Amounts
falling due after more than one||||||
|year|13|(47,500)||(47,500)||
|NET ASSETS||2,185,924||2,185,924|2,113,232|
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|DONATIONS
AND GRANTS||||
|---|---|---|---|
|||2021|2020|
|||E|E|
|Donations||549|32,935|
|Grants||104,499|91,100|
|||105,048|124,035|
|INVESTMENT INCOME||||
|||2021|2020|
|||f|f|
|Rents received||113,208|103,454|
|Listed investments||15,346|23,861|
|||128,554|127,315|
|CHARITABLE ACTIVITIES COSTS||||
|||Support||
||Direct|costs (see||
||Costs
f|note 6)
f|Totals
f|
|General|368,094|33,252|401,346|
##
|5.
|CHARITABLE ACTIVITIES COSTS
General|
|---|---|
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|COMPARATIVES
FOR THE STA|TEMENT OF FINAN|CIAL ACTIVITIES|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Tota
I|
|||funds|fund|funds|
|||f|E|f|
|INCOME AND ENDOWMENTS|FROM||||
|Donations
and grants||124,035||124,035|
|Investment
income||127,315||127,315|
|Other income||100,570||100,570|
|Tota I||351,920||351,920|
|EXPENDITURE ON|||||
|Charitable
activities|||||
|General||406,103||406,103|
|Net gains on investments||4,645||4,645|
|NET INCOME/(EXPENDITURE)||(49,538)||(49,538)|
|RECONCILIATION
OF FUNDS|||||
|Total funds brought forward||2,162,770||2,162,770|
|TOTAL FUNDS CARRIED FORWARD||2,113,232||2,113,232|
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|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
||Freehold|Long|||
||property|leasehold|Chattels|Totals|
||E|E|E|f|
|Cost or valuation|||||
|At 1st March 2020|900,000|685,000|16,506|1,601,506|
|Revaluations||90,000||90,000|
|At 28th February 2021|900,000|775,000|16,506|1,691,506|
|Net book value|||||
|At 28th February 2021|900,000|775,000|16,506|1,691,506|
|At 29th February 2020|900,000|685,000|16,506|1,601,506|
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|FIXED ASSET INVESTMENTS||||
|---|---|---|---|
||Listed|Unlisted||
||investments|investments|Totals|
||E|E|f|
|Market value||||
|At 1st March 2020|449,320|79|449,399|
|Additions|24,272||24,272|
|Disposals|(14,283)||(14,283)|
|Movement
in market value|34,335||34,335|
|At 28th February 2021|493,644|79|493,723|
|Net book value||||
|At 28th February 2021|493,644|79|493,723|
|At 29th February 2020|449,320|79|449,399|
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|DEBTORS:AMOUNTS
FALLING DUE WITHIN|ONE YEAR||
|---|---|---|
||2021|2020|
||f|f|
|Other debtors|12,775||
|VAT|23,201|9,981|
|Prepayments|27,442|25,949|
||63,418|35,930|
##
|12.|CREDITORS: AMOUNTS|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|FALLING DUE WITHIN ONE YEAR||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||E|f|
||Bank loans|and overdrafts||(see note 14)||2,500||
||Trade creditors|||||31,602|2,635|
||Other creditors|||||134,852|37,221|
|||||||168,954|39,856|
|13.|CREDITORS: AMOUNTS||FALLING DUE AFTER MORE THAN||ONE YEAR|||
|||||||2021|2020|
|||||||f|f|
||Bank loans|(see note 14)||||47F500||
|14.|LOANS|||||||
||An analysis|ofthe maturity||of loans is given below:||||
|||||||2021|2020|
|||||||E|f|
||Amounts
falling due within one year on demand:|||||||
||Bankloans|||||2,500||
||Amounts
falling between|||one and two years:||||
||Bank loans|—1-2years||||47,500||
|15.|MOVEMENT
IN FUNDS|||||||
|||||||Net||
|||||||movement|At|
||||||At 1.3.20|in funds|28.2.21|
||||||f|E|f|
||Unrestricted|funds||||||
||General
fund||||2,113,232|72y692|2~185p924|
||TOTAL FUNDS||||2,113,232|72,692|2,185,924|
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|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|||f|E|E|E|
|Unrestricted|funds|||||
|General fund||335,827|(401,346)|138,211|72,692|
|TOTALFUNDS||335,827|(401,346)|138,211|72,692|
##
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.3.19|in funds|29.2.20|
|||f|f|f|
|Unrestricted|funds||||
|General fund||2,162,770|(49,538)|2,113,232|
|TOTAL FUNDS||2,162,770|(49,538)|2,113,232|
||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
||||E|f|E|E|
|Unrestricted||funds|||||
|General|fund||351,920|(406,103)|4,645|(49,538)|
|TOTALFUNDS|||351,920|(406,103)|4,645|(49,538)|
##
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|||2021|2020|
|---|---|---|---|
|||E|E|
|INCOME AND ENDOWMENTS||||
|Donations
and grants||||
|Donations||549|32,935|
|Grants||104,499|91,100|
|||105,048|124,035|
|Investment
income||||
|Rents received||113,208|103,454|
|Listed investments||15,346|23,861|
|||128,554|127,315|
|Other income||||
|Income from house opening||102,225|100,570|
|Total incoming
resources||335,827|351,920|
|EXPENDITURE||||
|Charitable
activities||||
|Garden upkeep||91,943|101,408|
|House maintenance||88,011|64,538|
|Buildings
and contents|insurance|32,013|31,502|
|Education
programme|and direct trust costs|26,424|32,073|
|Management
overheads||23,829|37,044|
|General|||1,532|
|Strategic repairs||105,874|113,952|
|||368,094|382,049|
|Support costs||||
|Governance
costs||||
|Trustees'
indemnity|insurance|2,368|2,021|
|Investment
managers|fee|2,649|3,300|
|Professional
fees||12,938|10,594|
|Carried forward||17,955|15,915|
##
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||||2021|2020|
|---|---|---|---|---|
||||E|E|
|Governance
costs|||||
|Brought forward|||17,955|15,915|
|Sundry expenses|||615|2,334|
|Auditors'
remuneration|||5,250|5,538|
|Interest payable|on|loan|117|117|
|Bad debt||||150|
|COVID grant|||9,315||
||||33,252|24,054|
|Total resources expended|||401,346|406,103|
|Net expenditure|before gains and losses||(65,519)|(54,183)|
|Realised recognised||gains and losses|||
|Realised gains|||13,267|21,318|
|Unrealised
gains / (losses)|||34,944|(16,673)|
|Net expenditure|||(17p308)|(49,538)|
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