2021-12-31-accounts

Reports
Referenceandadministrativeinformation	1
Trustees'report	2
Independentauditor'sreport	8
Accounts
Statementoffinancialactivities	13
Balancesheet	15
Statementofcashflows	16
Principalaccountingpolicies	17
Notestotheaccounts	22

Corporatetrustee	BowerBequestTrusteeCompanyLimited
Directorsofthecorporatetrustee(trustees)	PaulAllen
	MargaretCooke
	GrahamDixon(appointed13December2021)
	RichardDon(resigned24May2021)
	RuthGoldman(appointed2August2021)
	MarkHinton
	JuliaHutt
	NancyLovegrove
	AnnabelNarayanan(appointed2August2021)
	RogerPerkin
	MarkStreatfeild(resigned11October2021)
	RachelYates(appointed13December2021)
EstateManagerandCompany Secretary	MikeGlossop
FinanceOfficerandMarketingCo-ordinator	ClareProctor
Principaloffice	ChiddingstoneCastle
	HillHoathRoad
	Chiddingstone
	Edenbridge
	Kent
	TN87AD
Charityregistrationnumber	291203
Auditor	BuzzacottLLP
	130WoodStreet
	London
	EC2V6DL
Principalbankers	NationalWestminsterBankplc
	89MountPleasantRoad
	TunbridgeWells
	Kent
	TN11QJ

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

				Endowmentfunds	Endowmentfunds	Endowmentfunds
				Freehold
		General	Restricted	landand	Permanent	Reserve	Total	Total
		funds	funds	buildings	collection	collection	2021	2020
		£	£	£	£	£	£	£
Incomefrom:
Grantsanddonations	1	110,427		-	-		110,427	129,963
Othertradingactivities
.Rentalincome		90,240	—		—	—	90,240	83,215
.Licencefee		9,000		—	—		9,000	9,000
Charitableactivities
.PreservationoftheCastle
andcollections	2	195,389	-	-	-	-	195,389	90,285
Othersources
.CoronavirusJobRetention
Schemefunding		29,714	-	-	-		29,714	61,461
.Interestincome		861	-	-		-	861	—
.Gainondisposaloflandand
buildings		375,445	-	-	-		375,445
		811,076		-	-		811,076	373,924
Expenditureon:
Charitableactivities
.PreservationoftheCastle
andcollections	3	386,985	1,051				388,036	357,563
		386,985	1,051				388,036	357,563
Netincome(expenditure)	6	424,091	(1,051)				423,040	16,361
Transferbetweenfunds	14	165,000	-	(165,000)
Netmovementinfunds		589,091	(1,051)	(165,000)			423,040	16,361
Reconciliationoffunds:
Balancesbroughtforwardat1
January2021		(1,469,962)	2,752	11,561,512	7,482,717	161,272	17,738,291	17,721,930
Balancescarriedforward
at31December2021		(880,871)	1,701	11,396,512	7,482,717	161,272	18,161,331	17,738,291

				Endowmentfunds	Endowmentfunds	Endowmentfunds
				Freehold
		General	Restricted	landand	Permanent	Reserve	Total
		funds	funds	buildings	collection	collection	2020
		£	£	£	£	£	£
Incomefrom:
Grantsanddonations	1	129,963					129,963
Othertradingactivities
.Rentalincome		83,215					83,215
.Licencefee		9,000					9,000
Charitableactivities
PreservationoftheCastle
andcollections	2	90,285					90,285
Othersources
.CoronavirusJobRetention
Schemefunding		61,461					61,461
		373,924					373,924
Expenditureon:
Charitableactivities
.PreservationoftheCastle
andcollections	3	356,518	1,045				357,563
		356,518	1,045				357,563
Netincome(expenditure)andnet
movementinfunds	6	17,406	(1,045)				16,361
Reconciliationoffunds:
Balancesbroughtforwardat1January
2020		(1,487,368)	3,797	11,561,512	7,482,717	161,272	17,721,930
Balancescarriedforward
at31December2020		(1,469,962)	2,752	11,561,512	7,482,717	161,272	17,738,291

		2021	2021	2020	2020
	Notes	£	£	£	£
Fixedassets
Tangibleassets	9		6,240		9,933
Heritageassets	10		17,849,012		18,014,012
			17,855,252		18,023,945
Currentassets
Debtors	11	94,885		17,989
Cashatbankandinhand		249,967		47,187
		344,852		65,176
Creditors:amountsfallingdue
withinoneyear	12	(38,002)		(348,214)
Netcurrentliabilities			306,850		(283,038)
Totalassetslesscurrent
liabilities			18,162,102		17,740,907
Creditors:amountsfallingdue
afteroneyear	13		(771)		(2,616)
Totalnetassets			18,161,331		17,738,291
Thefundsofthecharity:
Capitalfunds:
Permanentendowmentfunds
.Freeholdlandandbuildings	14		11,396,512		11,561,512
.Permanentcollection	15		7,482,717		7,482,717
Expendableendowmentfunds
.Reservecollection	15		161,272		161,272
Incomefunds:
Unrestrictedfunds			(880,871)		(1,469,962)
Restrictedfunds	16		1,701		2,752
			18,161,331		17,738,291

		2021	2020
	Notes	£	£
Cashflowsfromoperatingactivities:
Netcash(usedin)providedbyoperatingactivities	A	(117,996)	42,898
Cashflowsfromfinancingactivities:
Repaymentofloan		(220,000)	—
Netcashusedinfinancingactivities		(220,000)
Cashflowsfrominvestingactivities
Interestreceived		861
Purchasesoftangiblefixedassets		(530)	(4,767)
Proceedsfromthedisposaloftangiblefixedassets		540,445	—
Netcashprovidedby(usedin)investingactivities		540,776	(4,767)
Changeincashandcashequivalentsintheyear		202,780	38,131
Cashandcashequivalentsat1January2021	B	47,187	9,056
Cashandcashequivalentsat31December2021	B	249,967	47,187

				2021	2020
				£	£
Netmovementinfunds(asperthestatementoffinancialactivities)				423,040	16,361
Adjustmentsfor:
Depreciationcharge				4,223	3,713
Interestreceivable				(861)	—
Surplusondisposaloftangiblefixedassets				(375,445)	—
Increaseindebtors				(76,896)	1,680
Decrease(Increase)increditors				(92,057)	21,144
Netcash(usedin)providedbyoperating	activities			(117,996)	42,898
Analysisofnetdebt
	At	1			At31
	January			Non-cash	December
	2021		Cashflows	movements	2021
		£	£	£	£
Cashandcashequivalents
Cashatbankandinhand	47,187		202,780	-	249,967
	47,187		202,780	-	249,967
Borrowings
Loansduewithinoneyear	(220,000)		220,000
	(220,000)		220,000
					249,967
Total	(172,813)		422,780	-	249,968

	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	2021
	£	£	£	£
Donations	44,890	-	-	44,890
Grants
.Leaderfunding	13,099	-		13,099
.TheLecheTrust	2,220	-	-	2,220
.SasakawaFoundation	1,040		—	1,040
Covid-19supportgrants
.ArtsCouncilEngland	22,606	—	—	22,606
.SevenoaksDistrictCouncil	26,572		-	26,572
2021totalfunds	110,427			110,427
	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	2021
	£	£	£	£
Visitors'feesandrelatedincome	170,389			170,389
Feesforloanofpartofthe
collections(seebelow)	25,000			25,000
2021totalfunds	195,389			195,389
	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

Expenditureoncharitableact	ivities:Preserva	tionoftheCa	stleandcollecti	ons
	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	2021
	£	£	£	£
Staffcosts(note7)	183,264	-	-	183,264
Buildingmaintenanceand
refurbishment	48,943	-	-	48,943
Otherpropertyexpenses	56,015	-	-	56,015
Giftshopandcafépurchases	16,452	-	-	16,452
Supportcosts(note4)	57,052	1,051		58,103
Miscellaneousexpenses	25,259	-	-	25,259
2021totalfunds	386,985	1,051		388,036
	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

upportcosts
	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	2021
	£	£	£	£
Premises	7,258	-	-	7,258
Depreciation	3,172	1,051	—	4,223
Marketing	5,586	-	-	5,586
Advertisingandpublicity	22,711	-	-	22,711
Professional	2,404	-	-	2,404
Governancecosts(note5)	15,921	-		15,921
2021totalfunds	57,052	1,051	-	58,103

	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
Governancecosts(note5)	12,523	-		12,523
2020totalfunds	48,875	1,045		49,920

5	Governancecosts
		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	2021
		£	£	£	£
	Auditor'sremuneration
	.Statutoryauditservices	9,390			9,390
	Accountancyfees	6,531			6,531
	2021totalfunds	15,921			15,921
		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
6	Netincome(expenditure)
	Thisisstatedaftercharging:
				Total	Total
				2021	2020
				£	£
	Staffcosts(note7)			183,264	202,526
	Auditor'sremuneration
	.Statutoryauditservices			9,390	9,120
	.Otherservices			6,531	3,403
	Depreciation			4,223	3,713

Costspayabletostaffandcontractworkers	duringtheyearw	ereasfo	llows:
			2021	2020
			£	£
Wagesandsalaries			167,741	189,313
Socialsecuritycosts			13,597	11,086
Pensioncosts			1,926	2,127
			183,264	202,526
Theaveragenumberofemployeesduringtheyear,analysed		byfunction,wasas		follows:
	2021	2020	2021	2020
	FTE	FTE	Number	Number
PreservationoftheCastleandcollection	5.1	5.0	10	10

Tangiblefixedassets
	Landscaping	Furniture
	and	and
	groundworks	equipment	Total
	£	£	£
Cost
At1January2021	14,631	168,207	182,838
Additions	-	530	530
At31December2021	14,631	168,737	183,368
Depreciation
At1January2021	13,580	159,325	172,905
Chargeforyear	1,051	3,172	4,223
At31December2021	14,631	162,497	177,128
Netbookvalues
At31December2021		6,240	6,240
At31December2020	1,051	8,882	9,933

Heritageassets
	Freehold
	landand
	buildings	Collections	Total
	£	£	£
Costordeemedcost
At1January2021	11,561,512	6,452,500	18,014,012
Disposals	(165,000)	-	(165,000)
At31December2021	11,396,512	6,452,500	17,849,012
Atcost	17,512	-	17,512
Atdeemedcost	11,379,000	6,452,500	17,831,500
At31December2021	11,396,512	6,452,500	17,849,012
Depreciation
At1January2021			—
Chargeforyear	—		—
At31December2021	—
Netbookvalues
At31December2021	11,396,512	6,452,500	17,849,012
At31December2020	11,561,512	6,452,500	18,014,012

havebeenavailableforpublicviewingatthecastlesinceMarch200 summarisedasfollows:	9.Thecollect	ionsmaybe
	2021	2020
	£	£
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

Debtors
	2021	2020
	£	£
Tradedebtors	12,837	14,491
CoronavirusJobRetentionSchemegrantreceivable	—	3,498
AmountduefromChiddingstoneCastleEventsLimited	82,048
	94,885	17,989
Creditors:amountsfallingduewithinoneyear
	2021	2020
	£	£
AmountduetoChiddingstoneCastleEventsLimited	—	22,110
Taxationandsocialsecurity	3,170	3,556
Compensationpayabletolifetenants(note13)	1,845	1,845
Expenseandothercreditors	8,553	26,018
Accrualsanddeferredincome	24,404	70,003
VATpayable	30	4,682
Loanfromatrustee(note18)	-	220,000
	38,002	348,214
Deferredincome(includedwithinaccrualsanddeferredincome	2021	2020
above:)	£	£
DeferredIncomeat1January2021	55,889	6,250
Releasedduringtheyear	(55,889)	(6,250)
Resourcesdeferredintheyear	6,250	55,889
DeferredIncomeat31December2021	6,250	55,889

				2021	2020
				£	£
Compensationpayabletolifetenants(seebelow)				771	2,616
				771	2,616
In2013,thetrusteesagreedtomakeacompensationpaymentof£30,000totwoindividualsin
returnforthemrelinquishingtheirlifetimeright	tooccupy'theLodge',			apropertysituatedinthe
groundsoftheCastle.Thecompensationispayable		overatenyearperiodandwaspaidatrate
of£350amonthforthefirst60monthscommencing		June2013andthereafteratarateof£150
permonthfortheremaining60months,increasing		inlinewithinflation.Paymentsdueinthe
yearto31December2022totalling£1,845(2021-		£1,845)havebeenclassified			ascreditors:
amountsduewithinoneyear(note12).
Endowmentfunds:Freeholdlandandbuildings
At1				Revaluation	At31
January				and	December
2021	Income		Expenditure	transfers	2021
£		£	£	£	£
ChiddingstoneCastle(note10) 11,561,512		-	-	(165,000)	11,396,512
11,561,512				(165,000)	11,396,512
At1				Revaluation	At31
January				and	December
2020	Income		Expenditure	transfers	2020
£		£	£	£	£
ChiddingstoneCastle(note10) 11,561,512					11,561,512
11,561,512				-	11,561,512

15	Endowmentfunds:Collections
				Permanent	Reserve	Total
				collection	collection	2021
				£	£	£
	At1January2021and31December2021			7,482,717	161,272	7,643,989
	At1January2020and31December	2020		7,482,717	161,272	7,643,989
16	Restrictedfunds
		At1			Revaluation	At31
		January			and	December
		2021	Income	Expenditure	transfers	2021
		£	£	£	£	£
	LandscapingandGroundworks	2,752		(1.051)		1,701
		At1			Revaluation	At31
		January			and	December
		2020	Income	Expenditure	transfers	2020
		£	£	£	£	£
	LandscapingandGroundworks	3,797		(1,045)		2,752

			Endowmentfunds	Endowmentfunds
			Freehold
	General	Restricted	landand	Permanent	Reserve	Total
	funds £	funds £	buildings £	collection £	collection £	2021 £
Fundbalancesat31December2021
arerepresentedby:
Tangiblefixedassets	6,240	—				6,240
Heritageassets	—	—	11,396,512	6,291,228	161,272	17,849,012
Currentassets	343,151	1,701	-	-	-	344,852
Interfundindebtedness	(1,191,489)	-	-	1,191,489	—	—
Creditors:amountsfallingduewithin
oneyear	(38,002)	—	—	—	—	(38,002)
Creditors:amountsfallingdueafter
oneyear	(771)	-	-	-	-	(771)
	(880,871)	1,701	11,396,512	7,482,717	161,272	18,161,331

			Endowmentfunds	Endowmentfunds
			Freehold
			landand
	General	Restricted	buildings	Permanent	Reserve	Total
	funds	funds	asrestated	collection	collection	2020
	£	£	£	£	£	£
Fundbalancesat31
December2020are
representedby:
Fixedassets	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:amountsfalling
duewithinoneyear	(348,214)	-			-	(348,214)
Creditors:amountsfalling
dueafteroneyear	(2,616)	-	-	-	-	(2,616)
	(1,469,962)	2,752	11,561,512	7,482,717	161,272	17,738,291