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|---|---|---|---|---|---|
|Reference and administrative||details ofthe charitable|company,|its Council members|1|
|and advisers||||||
|Council members'
report|||||2-6|
|Independent
auditors'|report|on the financial statements|||7-10|
|Statement offinancial|activities|||||
|Balance sheet|||||12|
|Notes to the financial|statements,||||l3-23|
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|Council members|Council members|Council members|The Earl of Crawford|The Earl of Crawford|and|Balcarres|
|---|---|---|---|---|---|---|
||||N J Barker||||
||||The Hon RJ E Elliott||||
||||S P Weil||||
||||The Earl ofWoolton||||
||||Dr W Zachs||||
|Company|registered||||||
|number|||02101229||||
|Charity registered|||||||
|numbers|||296766 and SC039480||||
|Registered||office|50 Broadway||||
||||Westminster||||
||||London||||
||||SW1H OBL||||
|Company|secretary||Broadway Secretaries||Limited||
|Independent||auditors|EQ Audit Services LLP||||
||||Chartered
Accountants||||
||||14 City Quay||||
||||Dundee||||
||||DD1 3JA||||
|Bankers|||Royal Bank ofScotland||||
||||23/25 Rosslyn Street||||
||||Kirkcaldy||||
||||Fife||||
||||KY1 3HW||||
|Solicitors|||Charles Russell|Speechlys|||
||||5 Fleet Place||||
||||London||||
||||EC4M 7RD||||
|Investment||Managers|James Hambro|8 Partners||LLP|
||||45 Pall Mall||||
||||London||||
||||SW1Y5JG||||
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|||||Endowment|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2023|2023|2023|2022|
|||||F||||
|Income and endowments|||from:|||||
|Charitable
activities:||||||||
|Visitor income|||||58,379|58,379|32,834|
|Investments|||||175,658|175,658|151,729|
|Other income|||||18,632|18,632|14,663|
|Total income and|endowments||||252,669|252,669|199,226|
|Expenditure
on:||||||||
|Raising funds||||41,530|128,422|169,952|52,567|
|Charitable
activities|||||263,027|263,027|193,422|
|Total expenditure||||41,530|391,449|432,979|245,989|
|Net expenditure
before net||||||||
|(losses)/gains
on||investments||(41,530)|(138,780)|(180,310)|(46,763)|
|Net (losses)/gains|on investments|||(133,893)|(156,661)|(290,554)|320,778|
|Net movement
in|funds before other|||||||
|recognised
gains||||(175,423)|(295,441)|(470,864)|274,015|
|Other recognised|gains:|||||||
|Gains on revaluation||offixed assets|||4,243|4,243||
|Net movement
in|funds|||(175,423)|(291,198)|(466,621)|274,015|
|Reconciliation
of|funds:|||||||
|Total funds brought||forward||6,841,652|748,681|7,590,333|7,316,318|
|Net movement
in funds||||(175,423)|(291,198)|(466,621)|274,015|
|Total funds carried||forward||6,666,229|457,483|7,123,712|7,590,333|
##
|||||2023||2022|
|---|---|---|---|---|---|---|
|||||E|||
|Fixed assets|||||||
|Tangible assets||9||339,404||343,194|
|Heritage assets||10||109,362||109,362|
|Investments||11||6,666,229||7,132,430|
|||||7,114,995||7,584,986|
|Current assets|||||||
|Debtors||12|43,743||36,637||
|Cash at bank and|in hand||9,696||2,967||
||||53,439||39,604||
|Creditors: amounts|falling due within one||||||
|year||13|(44,722)||(34,257)||
|Net current assets||||8,717||5,347|
|Total assets less|current liabilities|||7,123,712||7,590,333|
|Total net assets||||7,123,712||7,590,333|
|Charity funds|||||||
|Endowment
funds||||6,666,229||6,841,652|
|Restricted funds|||||||
|Unrestricted
funds||||457,483||748,681|
|Total funds||||7,123,712||7,590,333|
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||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2023f|2023
F|
|Rent and service charge income|65,230|65,230|
|UK listed investments|57,098|57,098|
|Foreign listed investments|53,330|53,330|
||175,658|175,658|
||Unrestricted|Total|
||funds|funds|
||2022f|2022|
|Rent and service charge income|66,026|66,026|
|UK listed investments|38,006|38,006|
|Foreign listed investments|47,697|47,697|
||151,729|151,729|
##
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2023f|2023
F|
|Single|farm payment||14,919|14,919|
|Income|associated|with British Open|3,713|3,713|
||||18,632|18,632|
||||Unrestricted|Total|
||||funds|funds|
||||2022f|2022f|
|Single|farm'payment||14,663|14,663|
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|Investment
management|Investment
management|fees|
|---|---|---|
|Rental property|insurance||
|Rental property|repairs||
|Investment
management|Investment
management|fees|
|---|---|---|
|Rental property|insurance||
|Rental property|repairs||
|Endowment|Unrestricted|Total|
|---|---|---|
|funds|funds|funds|
|2023|2023|2023|
|F|F|F|
|41,530||41,530|
||4,507|4,507|
||123,853|123,853|
|41,530|128,360|169,890|
|Endowment|Unrestricted|Total|
|funds|funds|funds|
|2022|2022|2022|
|44,244||44,244|
||1,364|1,364|
||6,959|6,959|
|44,244|8,323|52,567|
##
|Activities|||
|---|---|---|
|undertaken|Support|Total|
|directly|costs|funds|
|2023|2023|2023|
|F|F|F|
|192,787|70,240|263,027|
|Activities|||
|undertaken||Total|
|directly|Support costs|funds|
|2022|2022|2022|
||E|E|
|137,919|55,503|193,422|
##
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|||||Heritage|Total|
|---|---|---|---|---|---|
|||||activities|funds|
|||||2023|2023|
|||||E|E|
|Depreciation||||33,181|33,181|
|Property|heat and light|||29,679|29,679|
|Property|insurance|||26,176|26,176|
|Property|repairs and maintenance|||51,981|51,981|
|Sundry|expenses|||16,530|16,530|
|Garden|vehicle 8 machinery||repairs|1,533|1,533|
|Other garden||expenses||9,396|9,396|
|Council|tax|||1,691|1,691|
|Conservation||and restoration||2,400|2,400|
|Governance||costs||20,220|20,220|
|||||192,787|192,787|
|||||Heritage|Totai|
|||||activities|funds|
|||||2022|2022|
|Depreciation||||25,953|25,953|
|Property|heat|and light||17,574|17,574|
|Property|insurance|||22,427|22,427|
|Property|repairs and maintenance|||17,272|17,272|
|Sundry|expenses|||4,680|4,680|
|Garden|vehicle 8 machinery||repairs|416|416|
|Other garden||expenses||7,397|7,397|
|Council|tax|||1,898|1,898|
|Conservation||and restoration||7,848|7,848|
|Governance||costs||32,454|32,454|
|||||137,919|i37,919|
|FOR|THE YEAR E|NDED 5 A|PRIL 2023||||
|---|---|---|---|---|---|---|
|7.|Staff costs||||||
||||||2023|2022|
||||||E||
||Wages and|salaries|||68,012|52,557|
||Contribution|to defined|contribution|pension schemes|1,488|1,997|
||||||69,500|54,554|
|2023|2022|
|---|---|
|No.|No.|
|8.|Auditors'
remuneration||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||Fees payable to the charitable|company's|auditor|for the audit ofthe|||
||charitable
company's
annual|accounts|||6,600|6,300|
||Fees payable to the charitable|company's|auditor|in respect of:|||
||All non-audit
services not included
above||||6,600|6,300|
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|||Long-term||||
|---|---|---|---|---|---|
||Freehold|leasehold|Plant and|Motor||
||property
E|property|machinery
f|vehicles
F|Total
E|
|Cost or valuation||||||
|At 6 April 2022|234,158|554,918|3&,751|34,005|861,832|
|Additions||||29,948|29,948|
|Disposals||||(9,900)|(9,900)|
|At 5April 2023|234,158|554,918|3&,751|54,053|881,880|
|Depreciation||||||
|At 6 April 2022|127,827|326,186|32,031|32,594|518,638|
|Charge for the year|7,320|16,480|1,680|7,701|33,181|
|On disposals||||(9,343)|(9,343)|
|At 5 April 2023|135,147|342,666|33,711|30,952|542,476|
|Net book value||||||
|At 5 April 2023|99,011|212,252|5,040|23,101|339,404|
|At 5April 2022|106,331|228,732|6,720|1,411|343,194|
##
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||||||Assets at||
|---|---|---|---|---|---|---|
||||||Balcarres||
||||||Estate|Total|
||||||2023f|2023f|
|Carrying|value at 6 April 2022 8 5 April 2023||||109,362|109,362|
||||||109,362|109,362|
|Analysis|of heritage asset transactions||||||
||2023|2022|2021||2020|2019|
|||||E||E|
|Purchases|||||||
|Heritage|Assets|500||||5,500|
##
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||||Listed|Investment||
|---|---|---|---|---|---|
||||investments|cash|Total|
||||F|F|F|
||Cost or valuation|||||
||At 6 April 2022||6,740,161|392,269|7,132,430|
||Additions||2,176,541|118,142|2,294,683|
||Disposals||(2,188,728)|(281,602)|(2,470,330)|
||Revaluations||(290,554)||(290,554)|
||At 5 April 2023||6,437,420|228,809|6,666,229|
|12.|Debtors|||||
|||||2023|2022|
||Due within one year|||||
||Other debtors|||17,332|12,859|
||Prepayments|and accrued income||26,411|23,778|
|||||43,743|36,637|
|13.|Creditors: Amounts|Creditors: Amounts|falling due within one year|||
|---|---|---|---|---|---|
|||||2023|2022|
|||||F.||
||Trade creditors|||18,567|9,396|
||Other taxation|and social security||1,911|342|
||Accruals and deferred||income|24,244|24,519|
|||||44,722|34,257|
##
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|Summary
|offunds - curr|ent year|||||
|---|---|---|---|---|---|---|
|||Balance at 6|||Gains/|Balance at 5|
|||April 2022
f|Income
f|Expenditure|(Losses)
f|April 2023
f|
|General funds||748,681|252,669|(391,449)|(152,41&)|457,483|
|Endowment|funds|6,841,652||(41,530)|(133,893)|6,666,229|
|||7,590,333|252,669|(432,979)|(286,311)|7,123,712|
|Summary
|offunds - prio|r year|||||
|---|---|---|---|---|---|---|
|||Balance at|||' Gainsi|Balance at|
|||6April 2021|Income|Expenditure|(Losses)|5April 2022
f|
|General funds||668,439|199,226|(201,745)|82,761|748,681|
|Endowment|funds|6,647,879||(44,244)|238,0I7|6,841,652|
|||7,316,318|199,226|(245,989)|320,778|7,590,333|
##
|Analysis ofnet assets between funds - curr|ent year|||
|---|---|---|---|
||Endowment|Unrestricted|Total|
||funds|furids|funds|
||2023
f|2023
f|2023f|
|Tangible fixed assets||339,404|339,404|
|Fixed asset investments|6,666,229||6,666,229|
|Heritage assets||109,362|109,362|
|Current assets||53,439|53,439|
|Creditors due within one year||(44,722)|(44,722)|
|Total|6,666,229|457,483|7,123,712|
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||Endowment|Unrestricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2022|2022|2022|
||||E|
|Tangible fixed assets||343,194|343,194|
|Fixed asset investments|6,841,652|290,778|7,132,430|
|Heritage assets||109,362|109,362|
|Current assets||39,604|39,604|
|Creditors due within one year||(34,257)|(34,257)|
|Tl|6,841,652|748,681|7,590,333|
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