2021-10-31-accounts - The Richard Ormonde Shuttleworth Remembrance Trust

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					Page
Reference and		Administrative		Details ofthe Charity, its Trustees and Advisers	1 -2
					3-13
Trustees' Report
					14 - 17
Independent	Auditors'		Report
Consolidated		Statement of Financial activities			18
Consolidated		Balance	Sheet		19
					20
Trust Balance Sheet
Consolidated		Statement of Cash Flows			21
Notes tothe	Financial		Statements		22- 50

Corporate Trustee	Corporate Trustee
Richard Shuttleworth
Trustees
Directors ofthe corporate
trustee		E M Wood, Chairman
		J Brown (appointed	1	November 2020)
		R Baikry
		Lord Cobham
		P JA Cooper
		EA Device
		SGardner
		C Grlffiths (appointed		1	November 2020)
		A Harries (appointed		1	November 2020)
		Princess Hohentohe
		M Johnston (appointed			5 November 2019)
		TP Routsis
		R Graff von Waldburg-Wolfegg
		CES Whitbread
Charity registered number		307534
Principal office		Old Warden Park Bigg leswade
		Bedfordshire
		SG189EP
Secretary		A P Rutt
Independent	auditors	Peters Elworlhy 5Moore Chartered Accountants
		Salisbury House
		Station Road
		Cambridge
		CB1 2LA
Bankers		Barctays Bank PLC
		High Street
		Bedford
		MK40 1NJ
Solicitors		Charles Russell Speechlys				LLP
		5 Fleet Place
		London
		EC4M 7RD

			Note	Note	Unrestricted funds 2021 6000	Restricted funds 2021 6000	Endowment funds 2021 6000	Total funds 2021 6000	Total funds 2020 6000
INCOME AND
ENDOWMENTS
FROM: Donations and legacies Charitable activities Other trading activities Investments Other income			2 3 31 4 5		16 671 1,282 865 36	317 158 664	1,380	332 671 1,282 2,403 701	434 269 745 2,105 600
TOTAL INCOME AND ENDOWMENTS					2,870	1,139	1,380	5,389	4,153
EXPENDITURE ON: Raising funds Charitable activities			6,7 8		1,376 2,099	194 765	415	1,985 2,864	2,027 2,724
TOTAL EXPENDITURE					3,475	959	415	4,849	4,751
NET
(EXPENDITURE)/IN COME					(605)				(598)
Net gains on investments					2,279	278	3,636	6,194	2,021
NET INCOME					1,674		4,601	6,733	1,423
Transfers between funds				19	1,479		(1,479)
NET MOVEMENT FUNDS	IN				3,153	458	3,122	6,733	1,423
RECONCILIATION		OF
FUNDS:
Total funds brought forward Net movement in funds					40,789 3,153	2,709 458	43,806 3122	87,304 6,733	85,881 1,423
TOTAL FUNDS
CARRIED FORWARD					43,942	3,167	46,928	94,037	87,304

				2021		2020
		Note		6000		f000
FIXEDASSETS
Tangible assets		11		5,201		4,844
Heritage assets		13		19,527		19,527
Investments		14		6,162		5,442
Investment property		12		61,875		56,440
				92,765		86,253
CURRENT ASSETS
Stocks		15	54		59
Debtors		16	1,150		823
Cash at bank and in hand		22	2,704		1,404
			3,908		2,286
Creditors: amounts	falling due within one
year		17	(1,436)		(1,235)
NET CURRENT ASSETS				2,472		1,051
Creditors: amounts	falling due after more
than one year		18		(1,200)
TOTAL NET ASSETS				94,037		87,304
CHARITY FUNDS
Endowmentfunds		19		46,928		43,806
Restricted funds		19		3,167		2,709
Unrestricted funds		19		43,942		40,789
TOTAL FUNDS				94,037		87,304

							2021		2020
			Note				6000		6000
FIXEDASSETS
Tangible assets				11			5,201		4,844
Heritage assets				13		19,527			19,527
Investments				14			6,312		5,592
Investment property				12		61,875			56,440
						92,915			86,403
CURRENT ASSETS
Stocks				15	10			3
Debtors				16	1,184			964
Cash at bank and	in hand				2,259			1,001
					3,453			1,968
Creditors: amounts	falling due within one
year				17	(1,176)			(958)
NET CURRENT ASSETS							2,277		1,010
Creditors: amounts	falling due after more
than one year				18		(1,200)
NET ASSETS EXCLUDING PENSION
ASSET						93,992			87,413
TOTAL NET ASSETS						93,992			87,413
CHARITY FUNDS
Endowment funds				19		46,928			43,806
Restricted funds				19			3,168		2,709
Unrestricted funds				19		43,896			40,898
TOTAL FUNDS						93,992			87,413
The financial	statements	were	approved ~)l	and 9~	authorised and signed	for on	issue by the their behalf by: r		Trustees on
Wood					C Griffiths
Trustee					Trustee

			2021	2020
		Note	5000	8000
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash used in operating activities		21	(1,889)	(2,532)
CASH FLOWS FROM INVESTING ACTIVITIES Dividends, interests and rents from investments Purchase oftangible fixed assets Net movement of investments			2,403 (428) (6)	2,105 (131) 1,113
NET CASH PROVIDED BYINVESTING ACTIVITIES			1,969	3,087
CASH FLOWS FROM FINANCING ACTIVmES
Cash infiows from new borrowing			1,200
NET CASH PROVIDED BYFINANCING ACTIVITIES			1,200
CHANGE IN CASH AND CASH EQUIVALENTS	IN THE YEAR		1,300	555
Cash and cash equivalents at the beginning ofthe year			1,404
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR		22	2,704	1,404
The notes on pages 22 to 50form part ofthese	financial statements

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2021	2021	2021	2020
		E000	EOOO	EOOO	EOOO
Gift aid admissions					20
Donations	and legacies	16	87	103	245
Restricted	SVAS donatice		230	230	169
		16	317
TOTAL 2020		33	401

					Unrestricted	Total	Total
					funds	funds	funds
					2021	2021	2020
					E.OOO	EOOO	FOOO
Aviation	and	automotive	trans	port	671	671	269

		Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	funds	funds	funds
		2021	2021	2021	2021	2020
		EOOO	EOOO	EOOO	EOOO	EOOO
Rental income		767	93	1,380	2,240	1,991
Dividend	income	98	65		163	115
		865	158	1,380	2,403	2,106
TOTAL	2020	786	83	1,237	2,106

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2021	2021	2021	2020
		6000	8000	6000	6000
Government	grants				452
Other grants					148
TOTAL 2020		452	148	600

			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	funds	funds
			2021	2021	2021	2021	2020
			6000	FOOO	FOOO	6000	F000
Staffcosts			532	47		579	692
Investment	activities		246	54	393	693	710
Trading activities (excl costs)		staff	401			401	375
Support and governance		costs	183	92		275	212
			1,362	193	393	1,948	1,989
TOTAL 2020			1,498	95	396	1,989

			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	funds	funds
			2021	2021	2021	2021	2020
			EOOO	EOOO	f000	EOOO	f000
Investment	management	fees	14	2	22	38	38
TOTAL 2020			14		23	38

				Activities
				undertaken	Support	Total	Total
				directly	costs	funds	funds
				2021	2021	2021	2020
				EOOO	EOOO	EOOO	E000
Aviation	and automotive		transport	2,095	376	2,471	2,376
Agriculture		and land based industry		218	37	255	241
Governance					138	138	107
				2,313	551	2,864	2,724
TOTAL	20	20		2,148	576	2,724

		Aviation	Agriculture
		anti	and land		Total	Total
		automotive	base	Governance	funds	funds
		2021	2021	2021	2021	2020
		EOOO	EOOO	EOOO	EOOO	E000
Staff costs		150	19	72	241	316
Premises costs		111			111	182
Office costs		115	16		139	48
Non-recoverable	VAT				3	3
Professional fees				57	57	25
Trustee costs						2
		376	37	138	561	576
TOTAL 2020		440	29	107	576

	Group	Group	Tntst	Trust
	2021	2020	2021	2020
	FOOO	EOOO	EOOO	E000
Wages and salaries	1,937	2,264	1,560	1,849
Social security costs	126	144	126	144
Other pensions costs	67	67	57	67
	2,120	2,475	1,743

	Group	Group
	2021	2020
	No.	No.
Collection		65
Support		9
	53	74

Group	Group
2021	2020
No.	No.

	Freehold	Plant and
	property	machinery	Total
	F000	6000	5000
COST OR VALUATION
At 1 November 2020	4,660	1,221	5,881
Additions	423	6	429
Disposals		(58)	(58)
At 31 October 2021	5,083	1,169	6,252
DEPRECIATION
At 1 November 2020		1,037	1,037
Charge for the year		71	71
On disposals		(58)	(58)
At 31 October 2021		1,050	1,050
NET BOOK VALUE
At 31 October 2021	5,083	119	5,202
At 31 October 2020	4,660	184	4,844

INVESTMENT	PROPERTY
GROUP
		Freehold
		Investment
		property
		6000
VALUATION
At 1 November	2020	56,440
Surplus on revaluation		5,435
At 31 October	2021	61,876
TRUST
		Freehold
		investment
		property
		6000
VALUATION
At 1 November	2020	56,440
Surplus on revaluation		5,435
At 31October	2021	61,875

Exhibits at	Paintings
the	and
Collection	artefacts	Total
2021	2021	2021
5000	5000	5000
17,027	2,500	19,527
17,027	2,500	19,527

		2021	2020	2019	2018	2017
		EOOO	EOOO	FOOO	EOOO	EOOO
		2021	2020	2019	2018	2017
		EOOO	EOOO	EOOO	FOOO	EOOO
PURCHASES
Paintings	and artefacts
Exhibits	at the Collection				226	95
TOTAL ADDITIONS					226	95
DISPOSALS
Paintings	and artefacts
Exhibits	at the Collection				(80)	(5)
TOTALDISPOSALS					(80)	(5)

				Group 2021	Group 2020	Trust 2021	Tn&st 2020
				EOOO	E000	EOOO	EOOO
	Retail/	fuel	stock	54	59	10	3
16.	DEBTORS

16.	DEBTORS
				Group 2021	Group 2020	Trust 2021	TnJst 2020
				EOOO	FOOO	EOOO	E000
	Trade debtors			172	73	87	64
	Amounts owed by group undertakings Other debtors			903	713	124 902	157 707
	Prepayments	and accrued	income	75	37	71	36
				1,150	823	1,184	964
17.	CREDITORS: AMOUNTS		FALUNG DUE WITHIN ONE YEAR

			Group 2021	Group 2020	Trust 2021	Trust 2020
			EOOO	EOOO	EOOO	F000
Trade creditors			274	82	241	55
Other taxation and social security			101	84	90	55
Other creditors			665	734	663	737
Accruals and deferred	income		396	335	182	111
			1,436	1,235	1,176	958
			Group 2021	Group 2020	Trust 2021	Trust 2020
			F000	EOOO	EOOO	E000
DEFERRED INCOME
Deferred income at 1	November	2020	210	138	6	6
Resources deferred during the year			214	210	7	6
Amounts released from previous		periods	(210)	(138)	(6)	(5)
DEFERRED INCOME	AT 31OCTOBER 2021		214	210

CREDITORS: AMOUNTS FALU	NG DUE AFTER MORE THAN	ONE YEAR
	Group 2021	Group 2020	Trust 2021	Trust 2020
	EOOO	EOOO	EOOO	f000
Bankloans	1,200		1,200

Induded within the above are amounts falling	due as folknvs:
	Group 2021	Group 2020	Trust 2021	Trust 2020
	EOOO	EOOO	EOOO	EOOO
BETWEEN ONE AND TWO YEARS
Bank loans	28		28
BETWEEN TWO AND FIVEYEARS
Bank loans
OVER FIVEYEARS
Bank loans	1,017		1,017

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ANALYSIS OF NET ASSETS BETWE	EN FUNDS -PRIOR YE	AR
	Unrestricted	Restricted	Endowment	Total
	funds	funds	funds	funds
	2020 FOOO	2020 6000	2020 6000	2020 f000
Tangible fixed assets Fixed asset investments	1,914 2,733	2,709	2,930	4,844 5,442
Investment property Heritage assets Current assets	20,064 15,027 2,286		36,376 4,500	56,440 19,527 2,286
Creditors due within one year	(1,235)			(1,235)
	40,789	2,709	43,806	87,304

RECONCIUATION OF NET MOVEMENT ACTIVITIES	IN FUNDS TO NET CASH FLO	W FROM OPERATIN	G
		Group	Group
		2021	2020
		ROM	6000
Net income for the year (as per Statement	of Financial Activities)	6,733	1,423
ADJUSTMENTS FOR:
Depreciation charges Gains on investments		71 (6,149)	105 (1,983)
Dividends, interests and rents from investments Loss on the sale offixed assets Decrease in stocks Decrease/(increase) in debtors Increase/(decrease) in creditors		(2,403) 6 (327) 201	(2,105) 2 13 349 (337)
NET CASH USED IN OPERATING ACllVlllES		((,889(	(2.533(

ANALYSIS OF CASH AND CASH EQUIVALENTS
	Group	Group
	2021	2020
	5000	FOOO
Cash in hand	2,704	1,404
TOTAL CASH AND CASH EQUIVALENTS	2,704	1,404

			At 1		At 31
			November		October
			2020	Cash flows	2021
				5000	5000
Cash at bank and in hand Debt due after 1 year				1,300 (1,200)	2,704 (1,200)
			1,404	100	1,604
MEMORANDUM OF	UNAPPUED	TOTAL RETURN
				2021	2020
				5000	5000
Unapplied total return bought forward Increase in value during the year Transfer to permanent endowment Application of unapplied total return				12,885 4,601 (612) (1,479)	12,944 2,008 (594) (1,473)
				15,395	12,885