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|**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|
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|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|
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|||**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|
|||,|||
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||**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|
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|**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|
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|||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|
|||**Total**|**Total**|
|---|---|---|---|
|||**2021**|**2020**|
|**6**|**SUPPORT COSTS**|||
||Rent payable|1,511|1,511|
||Other support costs|1,425|769|
|||2,936|2,280|
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|||**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|
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|**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|
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