2020-12-31-accounts

Reports
Referenceandadministrativeinformation	1
Trustees'report	2
Independentauditor'sreport	10
Accounts
Statementoffinancialactivities	15
Balancesheet	17
Statementofcashflows	18
Principalaccountingpolicies	19
Notestotheaccounts	24

Corporatetrustee	BowerBequestTrusteeCompanyLimited
Directorsofthecorporatetrustee(trustees)	PaulAllen
	LennoxCato(resigned10August2020)
	MargaretCooke
	RichardDon(resigned24May2021)
	RuthGoldman(appointed2August2021)
	MarkHinton
	JuliaHutt
	NancyLovegrove(appointed10August2020)
	AnnabelNarayanan(appointed2August2021)
	RogerPerkin
	MarkStreatfeild
EstateManagerandCompanySecretary	MikeGlossop
FinanceOfficerandMarketingCo-ordinator	ClareProctor
Principaloffice	ChiddingstoneCastle
	HillHoathRoad
	Chiddingstone
	Edenbridge
	Kent
	TN87AD
Charityregistrationnumber	291203
Auditor	BuzzacottLLP
	130WoodStreet
	London
	EC2V6DL
Principalbankers	NationalWestminsterBankplc
	89MountPleasantRoad
	TunbridgeWells
	Kent
	TN11QJ
Solicitors	StoneKingLLP
	BoundaryHouse
	91CharterhouseStreet
	London
	EC1M6HR

reasfollows:
Trustee	Appointed/resigned
PaulAllen
LennoxCato	Resigned10August2020
MargaretCooke
RichardDon	Resigned24May2021
RuthGoldman	Appointed2August2021
MarkHinton
JuliaHutt
NancyLovegrove	Appointed10August2020
AnnabelNarayanan	Appointed2August2021
RogerPerkin
MarkStreatfield

eniorexecutives
Name	Position
MikeGlossop	EstateManager(andCompanySecretary)
ClareProctor	FinanceOfficerandMarketingCo-Ordinator

19 August 2021

15 September 2021

				Endowmentfunds	Endowmentfunds	Endowmentfunds
				Freehold
		General	Restricted	landand	Permanent	Reserve	Total	Total
		funds	funds	buildings	collection	collection	2020	2019
		£	£	£	£	£	£	£
Incomefrom:
Grantsanddonations	1	129,963					129,963	40,045
Rentalincome		83,215					83,215	84,263
Licencefee		9,000					9,000	18,000
Charitableactivities
.PreservationoftheCastle
andcollections	2	90,285					90,285	242,444
Othersources
.CoronavirusJobRetention
Schemefunding		61,461					61,461
.Insuranceclaim								15,072
		373,924					373,924	399,824
Expenditureon:
Charitableactivities
.PreservationoftheCastle
andcollections	3	356,518	1,045				357,563	426,806
		356,518	1,045				357,563	426,806
Netincome(expenditure)
andnetmovementinfunds	6	17,406	(1,045)				16,361	(26,982)
Reconciliationoffunds:
Balancesbroughtforwardat1
January2020		(1,487,368)	3,797	11,561,512	7,482,717	161,272	17,721,930	17,748,912
Balancescarriedforward
at31December2020		(1,469,962)	2,752	11,561,512	7,482,717	161,272	17,738,291	17,721,930

					Endowmentfunds	Endowmentfunds
				Freehold
		General	Restricted	landand	Permanent	Reserve	Total
		funds	funds	buildings	collection	collection	2019
		£	£	£	£	£	£
Incomefrom:
Grantsanddonations	1	40,045				-	40,045
Rentalincome		84,263			-	-	84,263
Licencefee		18,000		-	-	-	18,000
Charitableactivities
.PreservationoftheCastle
andcollections	2	242,444			-	-	242,444
Insuranceclaim		15,072					15,072
		399,824					399,824
Expenditureon:
Charitableactivities
.PreservationoftheCastle
andcollections	3	421,836	4,970				426,806
		421,836	4,970				426,806
Netexpenditureandnet
movementinfunds	4	(22,012)	(4,970)				(26,982)
Reconciliationoffunds:
Balancesbroughtforwardat1
January2019		(1,465,356)	8,767	11,561,512	7,482,717	161,272	17,748,912
Balancescarriedforward
at31December2019		(1,487,368)	3,797	11,561,512	7,482,717	161,272	17,721,930

19 August 2021

		2020	2019
	Notes	£	£
Cashflowsfromoperatingactivities:
Netcashprovidedby(usedin)operatingactivities	A	42,898	(27,829)
Cashflowsfromfinancingactivities:
Cashinflowsfromnewborrowing			20,000
Netcashprovidedbyfinancingactivities			20,000
Cashflowsfrominvestingactivities
Purchasesoftangiblefixedassets		(4,767)
Netcashusedininvestingactivities		(4,767)
Changeincashandcashequivalentsintheyear		38,131	(7,829)
Cashandcashequivalentsat1January2020	B	9,056	16,885
Cashandcashequivalentsat31December2020	B	47,187	9,056

	2020	2019
	£	£
Netmovementinfunds(asperthestatementoffinancialactivities)	16,361	(26,982)
Adjustmentsfor:
Depreciationcharge	3,713	3,301
Decreaseindebtors	1,680	3,021
Increase(decrease)increditors	21,144	(7,169)
Netcashprovidedby(usedin)operatingactivities	42,898	(27,829)

Analysisofnetdebt
	At1			At31
	January		Non-cash	December
	2020	Cashflows	movements	2020
	£	£	£	£
Cashandcashequivalents
Cashatbankandinhand	9,056	38,131	-	47,187
	9,056	38,131		47,187
Borrowings
Loansduewithinoneyear	—		(220,000)	(220,000)
Loansdueaftermorethanoneyear	(220,000)		220,000	—
	(220,000)	—	—	(220,000)
Total	(210,944)	38,131		(172,813)

	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	2020
	£	£	£	£
Donations	1,347		-	1,347
Grants
.JapanFoundation	1,561	-	-	1,561
Covid-19supportgrants
.HistoricEngland	20,881			20,881
.ArtsCouncilEngland	79,174		-	79,174
.SevenoaksDistrictCouncil	27,000	-		27,000
2020totalfunds	129,963			129,963

	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	2020
	£	£	£	£
Visitors'feesandrelatedincome	63,573			63,573
Feesforloanofpartofthe
collections(seebelow)	26,712			26,712
2020totalfunds	90,285			90,285
	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	2019
	£	£	£	£
Visitors'feesandrelatedincome	223,694			223,694
Feesforloanofpartofthe
collections(seebelow)	18,750			18,750
2019total funds	242,444			242,444

3	PreservationoftheCastle	andcollections
		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	2020
		£	£	£	£
	Staffcosts(note7)	202,526	-	-	202,526
	Buildingmaintenanceand
	refurbishment	48,154			48,154
	Otherpropertyexpenses	38,765	-		38,765
	Giftshopandcafépurchases	5,560		-	5,560
	Supportcosts(note4)	48,875	1,045	-	49,920
	Miscellaneousexpenses	12,638		-	12,638
	2020totalfunds	356,518	1,045		357,563

	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	2019
	£	£	£	£
Staffcosts(note7)	213,647			213,647
Buildingmaintenanceand
refurbishment	11,995	3,925		15,920
Otherpropertyexpenses	46,787	-	-	46,787
Giftshopandcafepurchases	26,128	-		26,128
Supportcosts(note4)	101,561	1,045	-	102,606
Miscellaneousexpenses	21,718			21,718
2019totalfunds	421,836	4,970		426,806
Supportcosts
	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	2020
	£	£	£	£
Premises	6,327			6,327
Depreciation	2,668	1,045		3,713
Marketing	702			702
Advertisingandpublicity	19,207			19,207
Professional	7,448			7,448
Auditandgovernance(note5)	12,523			12,523
2020totalfunds	48,875	1,045		49,920

	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	2019
	£	£	£	£
Premises	10,031			10,031
Depreciation	2,256	1,045		3,301
Marketing	8,392			8,392
Advertisingandpublicity	50,423			50,423
Baddebts	7,580			7,580
Professional	3,063			3,063
Auditandgovernance(note5)	19,816			19,816
2019totalfunds	101,561	1,045		102,606

Governancecosts:
	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	2020
	£	£	£	£
Auditor'sremuneration
.Statutoryauditservices	9,120			9,120
Accountancyfees	3,403			3,403
2020totalfunds	12,523			12,523
	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	2019
	£	£	£	£
Auditor'sremuneration
.Statutoryauditservices	11,010			11,010
Accountancyfees	8,806			8,806
2019totalfunds	19,816			19,816

Netexpenditureandnetmovementinfunds Thisisstatedaftercharging:
	Total	Total
	2020	2019
	£	£
Staffcosts(note7)	202,526	213,647
Auditor'sremuneration
.Statutoryauditservices
..Currentyear	9,120	11,010
..Otherservices	3,403	8,806
Depreciation	3,713	3,301

Costspayabletostaffandcontractworkersd	uringtheyear wereasfollows:
	2020	2019
	£	£
Wagesandsalaries	189,313	194,778
Socialsecuritycosts	11,086	16,611
Pensioncosts	2,127	2,258
	202,526	213,647

	2020	2019	2020	2019
	FTE	FTE	Number	Number
PreservationoftheCastleandcollection	5.00	5.50	10	12

9	Tangiblefixedassets
		Landscaping	Furniture
		and	and
		groundworks	equipment	Total
		£	£	£
	Cost
	At1January2020	14,631	163,440	178,071
	Additions		4,767	4,767
	At31December2020	14,631	168,207	182,838
	Depreciation
	At1January2020	12,535	156,657	169,192
	Chargeforyear	1,045	2,668	3,713
	At31December2020	13,580	159,325	172,905
	Netbookvalues
	At31December2020	1,051	8,882	9,933
	At31December2019	2,096	6,783	8,879
10	Heritageassets
		Freehold
		landand
		buildings	Collections	Total
		£	£	£
	Costordeemedcost
	At1January2020andat31December2020	11,561,512	6,452,500	18,014,012
	Atcost	17,512		17,512
	Atdeemedcost	11,544,000	6,452,500	17,996,500
	At31December2020	11,561,512	6,452,500	18,014,012
	Depreciation
	At1January2020
	Chargeforyear
	At31December2020
	Netbookvalues
	At31December2019	11,561,512	6,452,500	18,014,012

	2020	2019
	£	£
Japanesearmourandswords	275,050	275,050
Antiquities(includingBuddhistandEgyptian)	3,930,828	3,930,828
Pictures,printsandfurniture	269,472	269,472
Japaneseceramicsandobjects	1,559,835	1,559,835
Portraitminiatures,memorabilia,tobaccoboxes,medals,books,lacquer,
autographlettersandmanuscripts(includingJacobite)	417,315	417,315
	6,452,500	6,452,500

11	Debtors
		2020	2019
		£	£
	Tradedebtors	14,491	19,669
	CoronavirusJobRetentionSchemegrantreceivable	3,498
		17,989	19,669
12	Creditors:amountsfallingduewithinoneyear
		2020	2019
		£	£
	AmountduetoChiddingstoneCastleEventsLimited	22,110	44,029
	Taxationandsocialsecurity	3,556	3,792
	Compensationpayabletolifetenants(note13)	1,845	1,845
	Expenseandothercreditors	26,018	33,133
	Accrualsanddeferredincome	70,003	19,938
	VATpayable	4,682	2,488
	Loanfromatrustee(note18)	220,000	-
		348,214	105,225
		2020	2019
	Deferredincome	£	£
	DeferredIncomeat1January2020	6,250	12,500
	Releasedduringtheyear	(6,250)	(12,500)
	Resourcesdeferredintheyear	55,889	6,250
	DeferredIncomeat31December2020	55,889	6,250
	Deferredincomeof£6,250(2019-£6,750)relatestoincome	inrelationtotheloanofEgyptian
	ArtefactstotheHoustonMuseuminTexas,USA,whichwasinvoicedinadvanceoftheperiod
	towhichitpertains.Theremainingbalanceof£49,639(2019—£nil)relatestothedrawdownof
	depositfromthesaleofafreeholdpropertyforworkstobecarriedoutbeforecompletionofsale
	(note19).
13	Creditors:amountsfallingdueafteroneyear
		2020	2019
		£	£
	Loanfromatrustee(note18)		220,000
	Compensationpayabletolifetenants(seebelow)	2,616	4,461
		2,616	224,461

			At1			Revaluation	At31
			January			and	December
			2020	Income	Expenditure	transfers	2020
			£	£	£	£	£
	ChiddingstoneCastle
	(note9)	11,561,512				-	11,561,512
		11,561,512				-	11,561,512
			At1			Revaluation	At31
			January			and	December
			2019	Income	Expenditure	transfers	2019
			£	£	£	£	£
	ChiddingstoneCastle
	(note9)	11,561,512				-	11,561,512
		11,561,512				-	11,561,512
15	Endowmentfunds:Collections
					Permanent	Reserve	Total
					collection	collection	2020
					£	£	£
	At1January2020and31December2020				7,482,717	161,272	7,643,989
	At1January2019and31December		2019		7,482,717	161,272	7,643,989
16	Restrictedfunds
			At1			Revaluation	At31
			January			and	December
			2020	Income	Expenditure	transfers	2020
			£	£	£	£	£
	LandscapingandGroundworks		3,797		(1,045)		2,752
			At1			Revaluation	At31
			January			and	December
			2019	Income	Expenditure	transfers	2019
			£	£	£	£	£
	LandscapingandGroundworks		4,842		(1,045)		3,797
	SouthEastMuseum
	DevelopmentProgramme		3,925		(3,925)
			8,767		(4,970)		3,797

			Freehold
	General	Restricted	landand	Permanent	Reserve	Total
	funds	funds	buildings	collection	collection	2020
	£	£	£	£	£	£
Fundbalancesat31
December2020are
representedby:
Tangiblefixedassets	8,888	1,045	—	—	—	9,933
Heritageassets	—	—	11,561,512	6,291,228	161,272	18,014,012
Currentassets	63,469	1,707	-	-	-	65,176
Interfundindebtedness	(1,191,489)	-	-	1,191,489	—	—
Creditors:amounts
fallingduewithinone
year	(348,214)					(348,214)
Creditors:amounts
fallingdueafteroneyear	(2,616)	-	-	-	-	(2,616)
	(1,469,962)	2,752	11,561,512	7,482,717	161,272	17,738,291

			Endowmentfunds	Endowmentfunds
			Freehold
	General	Restricted	landand	Permanent	Reserve	Total
	funds	funds	buildings	collection	collection	2019
	£	£	asrestated	£	£	£
			£
Fundbalancesat31
December2019are
representedby:
Fixedassets	6,783	2,096	—	—	—	8,879
Heritageassets	-	-	11,561,512	6,291,228	161,272	18,014,012
Currentassets	27,024	1,701	-	-	-	28,725
Interfundindebtedness	(1,191,489)	-	-	1,191,489	—	—
Creditors:amountsfalling
duewithinoneyear	(105,225)	-	-	-	-	(105,225)
Creditors:amountsfalling
dueafteroneyear	(224,461)		-	-	-	(224,461)
	(1,487,368)	3,797	11,561,512	7,482,717	161,272	17,721,930