TIITr' C"RI"%T.41. P_41..4CE )II'SF'I'II {.1 Comp2n%' I.imitcd bi" (¥uarantee} DIREC-'I-()R%' ..%ND "I-RI-.%TEE.%' RTr"PORT..LND.4C'COI"NT FOR-riiTr. i-E.IR b-NDTr-.D 11 DECF.IIBfr.R ?021 Registered Conipani. Number 01983842 IF.n2land 11 ales) Rcoistered Chariti. Number 293693 GibsoELS FiDaDcial l.imited ChartLY¢d Accoun(anLS Foresiers Ilall ?5?7 11.'eslOlI' Street L.ondo SF.19 3RI'
[.II. P.11,AC'Tr. IIILSb.l-11 l_ii)Ill¢d h¥- (iwiiaiiiLL) ..IL.I)D..ID)IIJI%TRATII'Tr' INTr(IRII.4TIO DIRF'C'"I'OK% A*4D TRI.'.%Tb"Tr:.S'. J.B.Pridea .4.C. PLarcL I. RaleN" .%ECRET.4RI': J.B. Prideaux RF.I'ISTF.RF.D OFF"ICE.. Taljani l? Knoll Rise Oryinnton BR6 OP( CONIPAhry' REC.18TtUTIO) N[TI%IBER'. 0198J8.5? C.IIARITI' RE(:ISTRATION lTI[BER.. ?93693 AC.COliNTANTS'. tiibwns Financial l.imited C"hartL'fLd.4ccountants Foie%iers Ilall Loadon Sl-.19 3RY Page RewTrrt of (be Directors and TtteS RetKbrt of the Accountants 5th(emeni of Finaucial Actii'lties Balance Sheet otos to thc Financial SratemenLS 8-10
l .Il. P.KI.:XC"Tr- .IIL.SELII L.IIIIIILd bj (Juarai)ieel LK I I)I-'I'IIF' I)IRF'C'TC)RS ,IND TRI'%TEE% - I-E.IR F.NDTr.D.11 DTr.CF.IIBF.R 2021 --tLirs and IrustL% hai'l pliasure in preientin£ their repc)n and ac¢ounL% for thL' !'Lar cndcd _I I I)LLLlI)bLr ()B.IF'('T% ()Tr THTr- C'H..IRln', PRIJCIP.41. ACTII'ITITr-% .4)D ()RC".4NIS.4TIC)%4 ()b 01-R Il'()Rl ThL Lhariti. H'as Ll)n%IilutL &% a compani, limited bi. guaranicL in Januar¥, 1986 and i% ihLYLfiirL> (Foietned by a menii)randLun and artiLILs of L%%oiiation. It is al.80 Tegifiered &% a Lhartti.. ThL pfi71Lipal IibjLLI lif thc LhariEJ' 18 the promL)tion at]d pree71]on of the C'ry'stal PalaLL Nlu%L'uni for tlic bLnLlIl ITrf thL public. ThL niu%euTll i.s concerned ii'ith thL hi%ton' of (be Q'n'sial Palace both at IIN'dc Park and at Si'dLnham alsi) Ll)IILYls. documenis, pre5er¥'e%. eihibil%. and intirprLi% material ei-idenle aT)d a.4%ocialed Inf(Trmiaii()n f(>r thL' publiL bLnLfit li.ith free admission (lurino ii'c¢kend i)PLIs. ii"IL'kÉJaN" I)riTani.d i'isils and talk% in thc muscum. Thc tru.%l¢¢% thcr¢fiire confirtn IhaT thL. hai-e complied ii'ith tlitir dutiLN under SLLlion 17 1S11)f -lThc C'hariliLs ALI ?01 l iiith rc. oard to the C'harity C'ommiSin s guidance on public benefit. Rb.'I'lTr'll" ()D I'IITr' I'&:,IR ..ITr4D TrI,'TIIRE 2IC.TII'ITIES I"hL dErL'Lior% and tru%tce.% tard the financÈal position and the lei'¢l of acliNits' of the charl. oli I I l)ecember ?0? l a$ 8ati%faLtI)rN' and f()recast that this siluation ii.ill collLinuL in the fore%eLable fuwre. 'fhL Statement of PinancEal ActLiiiie% net incoming resouries of £?fj.IHi for the l'ear and re%¢Tr"e% noii- Stand ai £107.610. RD:%Tr.RI'ES POI,ICI' Thc C-haritv aims to maintain a minimum l-e1 of re%eThts recon)mended b!, Ihs C'harily C'ortmiission prudeni faLia1 EnanaLFeniLni. ThL OireL10r% and TnL%iees. belith"e il i¥ pn]dent to maintain a ILI'el i)f re%en'e% commLm%uraie ii'ith mainiaiTEillU ser%'iccs foi a n]ini]nun] period of six month% l().irher M'ith honouring all ontracted liabiliiieq if for a period grealer than nionilLS_ DIRTr.C.TORS .4IND TRI"STEES All dirL'Lti)TS Q)f ihL L(Jmpany are al trustees of the chatitt.. and there are no oiher irusiees. lThe lolloii'ing hai'e held office dÈreitors and tte¥ iji thL period under M.11. from l JanuaTr ?01 I to the date of this fL'POrt.' K. Ki&* J. Pridea A.Q Pearce Y RilLV E Prkesl RF:CRIIITP+lEIT ATr4D APPOLN'TIEEST OF LN.GEIENT COIIIIITTEE Thc directars of thL Li)mpanv are al%0 chatils. trLL¥tees for the putpose of chariN laii. and under ih¥ c()mpat]} q article% are knoll as Tnembers of the illana(remeni C on)mitt¢c. Unller the iequiremenL% of the Nlcmorandu]n and Articles of Akwiiation the mLmbLTh ()f thL IlanauLmL'ni Collllnittee are eleci¢d io %en'e for a period of ttvtli'e monihq after ii,hich ihev mu%1 be re-elected at the next Annual tieneral Meeiinu RISK 11.4NAC'b-NlTr:)T The Itu%tLL.4 aclii'L1. rL'iieii' the major risks Mhich the ehariry. fac&g on a regular ba%]% and b¢liei'¢ that ainlaininu resern'e5 at CUent lei'els. combincd 'Ith aTJ annual rthle. of the control% oN'er kci. financial J'stems, .11] pri)I'ide 8u£fi¢ieni resources in the ei-Lnt of adi'crsc conditions_ The tru%teth hai"e also examincd Ihe oiher operational and b%ne$S risLs fac¢d b!. the ¢haril}' and confutn that tbo. hai'e tabILthLd sv$ie$ to rnitigate the 8ignifi¢ant ri8L8. STIITEIIEIT OF DIRECI"OKS' TRI."STEL%' R Tr'%PONSIBILITIES The director% and trn%iees are requireij bv companN' laii" to prcparL Financial StaiemcnL8 fÉ)r ea¢h finallLidl year ¥,hiLh gFiies a irut lair i'iem. ol the r]nancial aciii-LILes of the chariis and of iL% financial position at ihL cnd of thc year.
iiitL'd b. CiuaraiiiLLI -NI I)I""I'FIF: DIRF.CTORS AND TIiI'STb-Tr.S- I'F.IR F.NDED 31 DF.CF.)IBTr.R 2021 -IINI ED) tho.%e Ftnancial %iatLniLnL& the direitors and itu%tee£ arL rn'quired to %eleci suitable accouniinu w)licies and thLn appl!. thL'm L()n%i%ientl!'. Ibl Nqak"c JudgernenL8 and esiimatcs thal arL re&nable and ptLMIL'nt. {Ll StatL i4,heiher ihe policiL8 adopied atL in acc()rdancL ll.jth the c-(IMpani .4LI ?006 and ii'iih applicable accounlino standards and %latLineni% of reConllAdeJ piailjcl. %ubjeci 10 an%, maierial dLTanurg. di8cl()%Ld and e.xplaincd in ihe Financial %thiement%= Idl PreparL' thc FilncIal StaiemenLS on the goinu b&sis unless it is inappropriatc io prL'%ume that Ihe charitv ii'ill continue in operation lel ()bsen'e the methods and principles in the L'haritiei %()RP. ThL direcior8 and tnLStees are re8ponsiblc for keepinu proper ae¢nuniino rLYC)r(L% ii'hich disclosc iiith rea.sonable aiLuraL)' at an%. timL ihe f]nancial position of the chariTh' Iherebi. LiidblincF them 10 en.¥uie thai the Financial %talementS Lompl!, w'ith the Companies Act ?006 th¢ C'hatEIiLS ..ILI ?01 l and fL>(Tulatio$ made IhLrc under. The}, aYL alw re%ptsn.*ible for $arelading the of thL Llxariii, and IiLmce for taking ic3s0nablL Steps f()r Ihe prL'I'eniion and detection of fraud and other i[reulan1IL. APPROI"AL This report H'as approved by ihe board of dire¢iors and on_ ?1 %epiefftbcr go?? and siuned on IL8 bchalf. J B Pridea.- Secretsry.. Ttwiee
L.Il. P.41..4("F: NlliSF.I-11 I_illlllL'd b! (JuaraiitLL ()RT ()F TIIE ..ICC'OLN'I'.i.N'r% i'() TRIE DIRECT()ILS & TRI-%TI:F.S -1% dL.4LribLd i)ll thL balanLe.thLLt ¥'i)u arL" r¢swin%ibl¢ for thL" pfLyardiion of the financial 8iatement% lor d)L Niar endLd_31 l)e¢¢mber 70? l Set oul OD patYL% thrL 10 (Lm and l'ou ¢msiLk.r that the companN' 1.4 t_XCpt frtin) an audii. Ill acLordance m.ith I'our insiniiU()Il% 'L liaii ci)n)piled ihe* unaudiied financial %tatCmLnLS in ordlr Ii? a%.4i%t vau to fulfil vour staiuion, rL8pi)nsIbililith. fro]ll the accounting rLxords and infom]aiL()n and ciplanaii(Ins upplied to us. Iiibsons l.inancial l.imited C'hartered xlLcounlanL8 Forestepi Ilall ?5_?7 I1,10. %tr¢et Londo 81--19 3kY 22 SepteEnLrr ?0?? paue does not foTtn part of the staiuloTr finanLial %tatements.
-1! l.ii)iilid b}, CJuaraniLL I F.IIF-NT I)F FIN.NC-I.-11. ,.IC-TII'ITIF.S IIR I F'.QR I-NDF.D 31st DEC'EI1BER 2021 2021 2021 2020 ?020 Rosri'icted I'nrc51ricted Restrif tcd I'nresrritted INC'().NIINI: R Tr-SOI'RC'F.8 78.5x6 InlirLi RLLL11LxI 14 '()luniaTh' PLX% tri)m musLum ii%ito T()TAL IN('()K11N'Ci RF.%()I',R(-l."% RF"SOURC'ES EXPENDED Costs of G¢n¢ratinu Funds RaiL In%uranL 1,9q) Light & Ili*t ¥W) 4,(A3 OTIIF.R RFSOI'RC-ES EXPF.NDTr'D Crol'erngnce C-ost5 TLILphi)ne PT2nt. Pc).4tau¢ &. %iaiiiyieT%' (ienLral Trai-Ll ALL(lnting sly) 13 497 DLyreLiatian 1.5.1.5 TI)TAL RESOL'RCF.S F..XP&.NDfr.D 6.17% NET INCONIE FOR THE I'EAR ?5.1)4.5 Fund balaftL tst Januar). TTan%fLT l)eti4een tund 26,132 Fun¢J balancts I I DLLLtnl)er .1rf1,142 52,413 The staiement L)f Finarlcial Aciiiiues rDclude% all and104ses ID tbe Trear. All incoming rts'8t)urces and resources expended derii'e from continuino aciii'ities. The notes on pages 8 to 10 forni part of th financial stateD]ents.
..ii!- l.iiiiitLd b}y (JuarLIIIILLI 0 I1..4NC'F. %IIfr.'T r.ii DF-C'F-..IIB Tr'.R ?021 2021 FI.XED ASSETS -13.4 {-IIRRFNT,I%8F.TS Duhiiits &. Pr¥PJ! Ir¥nl C'Js1i at Elank 4£4 C'REDITOILS-.4h.l(}[TNTS FAI.LING DiIF_ II'ITHIN nNF. I'F..4R .1. C'L,'RRF.NT.4S£F.TS 74,1?6 49,599 ET ASSETS 107.610 FLIND8OFTHF. CHARITI. 107.610 ThL COTnpan}' i% Lntiiled to exLrnption from audit under secuon 4. of the Companies Act •OU6 and %ection 1441?) of The c'hariti,1cI ?01 I for the N'ear Lmded il DLCLmiber tio: I. Thi member8 hai'c not rcquircd the cnmpans. obtain an 2udii af il.% fiDaT)¢ial %iatemenLs for the year ended 31 Deccmlr ?0? l in acLordaDcL ii'iih %e¢iion 47fi of the C'IiTnpanie%.4c[ 7006. Approved by the Board of Directors and TnLsl¢ on September U?? and si.(med on its. behalf by: l)ir¢ctor and l-ru%iee- A.C P¢arce Director and Tru.%tee- L Ki%s The note8 on pages 8 to 10 forn) part of th¢8¢ financial statements.
T.¥I. P.41...IC"F. IIL%&"I-11 LiIll l.iiiiilLxI hi. (iuaiaiilLL") I IF'% TC) TllTr: k%CCOI'NT% Tr"OR Tllb. I'Tr...IR Tr-NDF-D 11 DF.CEIIBER 2021 ..IC"C'OL)TI)(: POI.ICIES "Ihe priniipal aLL()LtIn¥ tMiliciL arL sumrnari%ed bLlc)ii" The aL¢oUniln PL)IiLiLS haii belm appliLd c()n%i.4tL'nily thr()ubJhnui thL !-Lar and in ihi prL¢edinu Irar. (a) Basi5 of acrollntill 'IThL l-inaniial %taiL'mLn¢% are prepa[L under the histi)ric c(k%l Cl)ni'LntiiTrn and include the re%ult% i)rthL L'harilN' % o)pLraiion% ii'hich arL dL'%iribed in thL F_xecuiiiL C-om]niÈiee s Report and all i)f u'liiLh are coniinuinL Thc aiii)untq hai'L bLLm preparLYl in accordance iiith Financial Reporting Standard 111? -'thL' FinanLial RcporliniF Standard applicable in the LIK and Republic nf IrvlJnJ-- IhL' %iaiL'mLnls of Rccoiiim¢ndLd Practice- C'haritith %l)kP (FR% laTrl and- '1th the C"hatilith.4Lt 9011. In preparin(T thL%L financial %#aiemenLs the Trustee% hai'e iaken adi'antaue of the exempiton perniitted b!, FR% 11) in noi prLKmting a Statement of Cash E--loii finaDLial %iaiemeni% repre..1 IhL. fit%t litnc that thL TnLsiee% hgi'e 8dopiLd FR% 10? hoiiei-er ihe poIiciLS appliLd undcr thL pr.10S aLcowiiing framLllC?Tk" arL ncil malerialll" diffent li) l-'R% 111? the Lhancjt of rLPOrtin(y frameii'ork- ha% noi impaciLd (N] ihe charili" .% %iaiL'niLTt nf l.'iJiancial .4¢1ii'ities fcii thL s'LaT ended 31 I)e¢¢b ?0? l OT ils. Balance SheL-I pn%iiinn at ihar dale. {bl Tr accounting 'nruiriiied tunds are for ll at the disctetaon of the trusieLS in rerall¢e ol. thL uTrcn¢ral objLLtii'c8 of ihc charit%. Rc%triitLd funds arL' subjected io Mtrictiolls on their eipenditure imposed b!. Ihe donor or tlirough the ternis of appeal. Ic) Incomin2 Resources All incc>mine resources arL ineludLd in the siatemeDI of ftDaucial actll"IllL% Ii'hen die chatili. is eniitled to thL inLI)m¥ and ihe arnounl can be quanlified 7th rca%ot]able accurnL!'. The folloii'inn .%pecifJc policies are applied to particular categorics of tncome=_ Voluntary inconiL is receii'ed by ii-ay8 of grants. donatiOll5 and (rifts and is includid In full in the iaiement of kinancial A¢iiiitie5 1i.hen receii"able. GrdnL ii'licrc Lntiilemeni 1.% niil Liinditioual on the delii'ery of a specific perfonnance b), the charity. are recowised ii'hen the LhgrilN. bLcomes uncollditionaili, entitlLd to the urant. Donated SeTh.ic and facilities arL included in ihe i'alue io ihe chatity- ii-here thi% can bL quantified. The i'aluL Of thL 4LYi'ice8 proi'ided bv iolullieetb bas not bten included in these aLLL?unt¥. Ini"e51ment Income 18 includid ii'hLm weii'able. InLomints resourcth It0 grdnl¥, M-here related io p¢rf()mancc aTLd %pecifIc deliierablLW, are aLLOLinted lor a% thL charity. earns the righi to con%idcTation bi. iL% perfO[anCe. Id} Resource eip¢Rded F_xpLmdiwre is reColsed on an actrual b&8is a liability is incurred. F.Apenditure illclude% at)y VAT .hich caDnOt be fullN' reCo.cred and is reported &$ part of the expenditure to M'hich it r¢.laie4: _ C'haritable expenditure comprises th0 incurr¢d bv (he chan.ty ill the deiii'ery of 118 actiiitie% and ser%'iee.% fclr its bLnefi¢iarieb. It includes both costs thai £an be allocaied diTectl)' to ¥uch actii'itie Ind Iho4¢ of an inditect ttUre necr, 10 8uppon the. CJOI'LYnanie ¢0515 include tho.se ¢0s(s' associatcd meeting the constitutional and %tatutory requirem¢nls of the chaTity and include the audit fee8 and CO8L% linked to the strale&T2C management ()[ the charity. All cos1% are allocaied beni'LYn cxpendcd ca(LTOri&S of th¥ %iaieTnLnt of Financial .-Ictiiities on a basi% dLsignLd tn refl¢ei ihL of the rvi()uice%. C'o&L% relating to a parti¢ular aclii'ity are all(ILJIL'd diFL'Ctls'. others ate apportfftolled on an appropriate b&sis.
,Il¢ll1. l.iiiiil¢d CJuaranlLL') Elpenditure otl man2genient and administration of the ¢hxriii' Admiai.qiratiÉin e.XPL'nditurL" include all LKPLmdiiure noi dir¢ctli' rilaiLd t() chariiablc actii-itv. ID Tangible Fixed .I5sets l)iprLLIali(In 1% ialLulaied io iiTiiL L)ff ihL L(i%l vILmaLL re%idual i'aluc ()f fLxed i)i'er Iheir L.%iimalLd U%Llul lili*. rdte% Lif dLwrecialion u%ed ari": l.easLhi)Id Impriii-cments FixiurL% and fiiiinu. --quipmeni ilt Proi'idLd I per allliu Ircdu¢ing litiel. rw aTll)um IreduLingy line). DIRECTOR.4 AND TRL'STTr:Tr.S No Tnember of the rn2nagemeni colljmittee recciird ani, remunmtion dwing the vear. F.Ipen%e amountingy to £554 w'ere relmbued to hi'o mernFL. orth¥ mallacyernent c()nit]iittee. SI'RPI.I."S FOR THE I"EAR The deficit of income oi'er exrtndiiitye is StsIL after charLTing- o?1 l)epre¢iaiion 588 497 TAX.4TION The charitable cornpanv 1.8 exempi from corporaiion i&1 on ILS Lharilable actiiitie8. TAN<'IBI.Tr. TrINTr.D.4SSETS Herttage Assets Leasehold Improvements Fixtu$ & Fittings Equipment Tot31 At l Januar%. ?1121 )759X 60.080 Addilivn% luring vear Ai.11 %( IkxCMy .598 ?7.-$42 6,1M5 ()1,1¥5 DF.PRFCIATION At l January 1021 ?7Jy8 4.106 57,?66 297 At 31 DccetRher et B(k I'aluL at 3ll.l£? i.os.I I,(AS Net I'aluc 8t I I !1)2U
liiL'd bi" (puaFaiiiLI'} DLBT()R%..%ND PRTr-P..l)'IIF'N"r 5undn, lk.bior Prwa)ryllLn(5' 33() ?9? 3f) C.Rb-.l)i-foR% -.41101ThTr F.41.1.INC: DI-F. II'ITIIIN OSF. I'EAR ?o?I Accrual %undrN, C"reditor ?.7?6 ?.70(1 2.76 STATE,IIENT OTr FITJDS Restricted I nre5tricted Restricted l.'nrestricted BalancL al l JanuaT) InLciniL' IF_IPLmdiiurel fi)r Ihtjthr Tr&n%fLT bL["Ccn fund% Balance at 11 DLTtmb( 77.4¥ CAPITAL The company i% limiied by guardniee and doe% noi hai'e a share capithl. In the ei'ent of up. LtrI, rnLw)b¢r has llndettsken to contribute to pa}Trnent of thc dLbu8 and liabilitie% such aTnount rna). be required not e.Kceeding £1 pei member. io. REL.4"fED P.4RTI' TRANL S.4CTIONS An accrual of £54 has been paid foi a trustee of the cOpanY. 10