2021-09-30-accounts - Farnham Castle

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

INDEX	PAGE
Reference and administrative details	1
Report o f the Trustees	2−6
Report o f the independent examiner	7
Unaudited statement o f financial activities	8
Unaudited balance sheet	9
Unaudited statement o f cash flows	10
Unaudited accounting policies	11−12
Notes to the unaudited financial statements	13−16

Company registration number:	00596938
Charity registration number:	313648
Registered office:	42 Waverley Lane
	Farnham
	Surrey
	GU9 8BJ
Trustees:	Derek Carpenter −Chair
	Deborah Barrington
	George Crawford
	lain Lynch
	Guy Olden
	Yasmin Osborne
	Christopher Shepheard
Secretary:	Edward Guyver
Bankers:	NatWest Bank PLC
	39 The Borough
	Farnham
	Surrey GU9 7NP
Solicitors:	Russell−Cooke LLP
	2 Putney Hill
	Putney
	London SW15 6AB
Independent Examiner:	Simon Pusey BA FCA
	Keith Graham
	Chartered Accountants
	Suite 2, Wesley Chambers
	Queens Road
	Aldershot
	Hampshire G U l l 3JD

		Unrestricted	Funds
	Notes	2021	2020
INCOME:
Donations and legacies	1	1,059	1,158
Income from charitable activities:
Protection & preservation o f Farnham Castle	2	25,000	25,000
Investment income	3	617	932
Total income		26,676	27,090
EXPENDITURE:
Expenditure on charitable activities
Protection & preservation o f Farnham Castle	4	6,867	11,811
Total expenditure		6,867	11,811
NET INCOMING RESOURCES
& MOVEMENT OF FUNDS FOR THE YEAR		19,809	15,279
FUND BALANCES BROUGHT FORWARD		119,290	104,011
FUND BALANCES CARRIED FORWARD	11	139,099	119,290

	Notes		2021	2020
FIXED ASSETS
Investments	8		53,026	52,187
CURRENT ASSETS
Debtors	9		8,685	23,903
Cash at bank and in hand			89,002	59,025
			97,687	82,928
CURRENT LIABILITIES
Creditors: Amounts falling due within one year	10		(11,614)	(15,825)
NET CURRENT ASSETS			86,073	67,103
TOTAL ASSETS LESS CURRENT LIABILITIES			139,099	119,290
THE FUNDS OF l'HE CHARITY
Unrestricted income funds
General Fund	11		139,099	119,290
TOTAL CHARITY FUNDS	11		139,099	119,290
		,

	2021	2020
Cash flows from operating activities:
Net cash provided by operating activities	30,200	(2,954)
Cash flows from investing activities:
Interest income	617	932
Proceeds from the sale o f investments	52,186	51,314
Purchase o f investments	(53,026)	(52,186)
Net cash (used in)/provided by investing activities	(223)	59
Change in cash and cash equivalents during the year	29,977	(2,895)
Cash and cash equivalents at the beginning o f the year	59,025	61,920
Cash and cash equivalents at the end o f the year	89,002	59,025
Reconciliation o f net income to net cash flow
from operating activities
Net income per the statement o f financial activities	19,809	15,279
Adjustments for:
Dividends, interest and rents from investments	(617)	(932)
Decrease/(increase) in debtors	15,218	(23,205)
(Decrease)/increase in creditors	(4,210)	5,904
Net cash provided by operating activities	30,200	(2,954),
Analysis o f cash and cash equivalents
Cash in hand	89,002	59,025
Total cash and cash equivalents	89,002	59,025

Total	Total
2021	2020
INCOME F R O M DONATIONS AND LEGACIES
Donations and legacies 38	536
Sundry income 1,021	622
1,059	1,158
The income from donations and legacies o f £38 (2020: £536) was all unrestricted.
Sundry income includes the sale proceeds from the illustrated history o f Farnham Castle, that was
published at the beginning o f the previous financial year. A reprint was commissioned in September
2021. Also included are fees for guided tours o f the palace and the keep from August 2021.

		Total	Total
		2021	2020
2	INCOME F R O M CHARITABLE ACTIVITES
	Protection and preservation o f Farnham Castle
	Property lease income	25,000	25,000
	The income from charitable activities o f £25,000 (2020: £25,000) was all unrestricted.
		Total	Total
		2021	2020
3	INVESTMENT INCOME
	Interest receivable	617	932

		Total	Total
		2021	2020
4	EXPENDITURE ON CHARITABLE ACTIVITIES
	Protection and preservation o f Farnham Castle:
	Grants		5,780
	Governance costs (see note 5)	3,931	3,751
	Support costs (see note 6)	2,936	2,280
		6,867	11,811
	The expenditure on charitable activities o f £6,867 (2020: £11,811) was all unrestricted.
		Total	Total
		2021	2020
5	GOVERNANCE COSTS
	Examination fees	1,000	850
	Accountancy services	1,500	1,500
	Legal and other professional fees	813	963
	Trustees' professional indemnity insurance	153	203
	Miscellaneous expenses	465	236
		3,931	3,751

		2021	2020
7	NET MOVEMENT IN FUNDS
	Net movement in funds is stated after charging:
	Operating lease rentals:
	Land and buildings	1,511	1,511
	The charity's gross income for the year was	26,676	27,090
	The charity's surplus for the year was	19,809	15,279
		2021	2020
8	INVESTMENTS
	1−year bank deposit bond	53,026	52,187
	The deposit bond matures on 4 January 2023.
		2021	2020
9	DEBTORS
	Amounts falling due within one year:
	Trade debtors	7,880	22,904
	Sundry debtors & prepayments	805	999
	Total amount falling due within one year	8,685	23,903
		2021	2020
10	CREDITORS
	Amounts falling due within one year:
	Trade creditors	1,918	450
	Other taxation and social security costs	2,163	2,349
	Accruals	7,533	13,026
	Total amount falling due within one year	11,614	15,825

11	THE FUNDS O F THE CHARITY
		Balance at					Balance at
		1	October		Incoming	Outgoing	30 September
				2020	resources	resources	2021
	Unrestricted income funds:
	General Fund		119,290		26,676	(6,867)	139,099
			119,290		26,676	(6,867)	139,099
		Balance at					Balance at
		1	October		Incoming	Outgoing	30 September
				2019	resources	resources	2020
	Unrestricted income funds:
	General Fund		104,011		27,090	(11,811)	119,290
			104,011		27,090	(11,811)	119,290
12	COMMITMENTS UNDER OPERATING		LEASES
	The charity as a lessee:
	At the balance sheet date, the charity	had future		commitments under		2021	2020
	non−cancellable operating leases as follows:
	Land and buildings:
	not later thanone year					1,511	1,511
	later than one year and not later than five years					6,046	6,046
	later than five years					14,328	15,839
						21,885	23,396
	The charity as a lessor:
	At the balance sheet date, the charity had contracted with				tenants,	2021	2020
	under non−cancellable operating leases, for		the	following	future
	minimum lease payments:
	Amounts receivable:
	not later thanone year					25,000	25,000
	later than one year and not later than	five years				100,000	100,000
	later than five years					236,750	261,750
						361,750	386,750