|||||Page|
|---|---|---|---|---|
|Report ofthe Trustees||||1-5|
|Report ofthe Independent||Auditors|||
|Consolidated
statement of||financial|activities|9-10|
|Balance Sheets|||||
|Cash flow statement||||12 - 13|
|Notes to the financial|statements|||14-27|
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|For the year ended 31a March||2021||||||
|---|---|---|---|---|---|---|---|
||||Notes|||Total|Total|
|||||Unrestricted|Restricted|Funds|Funds|
|||||Funds|Funds|2021|2020|
|Income from:||||||||
|Donations||||14,010|28,265|42,275|38,600|
|Legacies|||||(75,000)|(75,000)||
|Charitable
activities:||||||||
|Revenue
grants received||||402,442|365,367|767,809|103,331|
|Capital grants received|||||12,376|12&376||
|Trading activities:||||||||
|Trading activities||||43,444||43,444|225,272|
|Services provided||||144,758||144,758|403,151|
|Activity income||||46,414||46,414|236,283|
|Other income||||8,203||8,203|26,333|
|Investntent
income:||||||||
|Rents received||||158,195||158,195|140,560|
|Interest received||||||||
|Total incoming resources||||817,466|331,008|1,148,474|1,173,530|
|Expenditure
on:||||||||
|Charitable
activities:||||||||
|Preservation
and maintenance||of||||||
|heritage property||||118,135|215,408|333,543|213,663|
|Raising funds:||||||||
|Trading
and other activity costs||||506,791|85,483|592,274|841,075|
|Other:||||||||
|Support costs||||72,703|5,379|78,082|89,032|
|Finance costs||||57,237||57,237|68,192|
|Total expenditure||||754,866|306270|1,061136|1,211,962|
|Net income before recognised||gains/(losses)||62,600|24,738|87,338|(38,432)|
|Other recognised
gains/(losses)||||||||
|Revaluation
offixed asset investments||||||||
|Impairment
offixed asset investments||||||||
|Net income after recognised|gains/(losses)|||62,600|24,738|87,338|(38,432)|
|Transfers between
funds||||(24,707)|24,707|||
|Net movement
in funds||||37,893|49,445|87,338|(38,432)|
##
##
|or the year en|ded|31n March 2021||||||
|---|---|---|---|---|---|---|---|
||||Notes|||Total|Total|
|||||Unrestricted|Restricted|Funds|Funds|
|||||FundsI|Funds|2021|2020|
|Net movement|in|funds||37,893|49,445|87,338|(38,432)|
|Reconciliation|offunds:|||||||
|Total funds brought||forward||2&258,503|558,057|2,816,560|2,854,992|
|Total funds cerned||forward|19|2,296396|607,502|2903898|2,816,560|
##
##
||||||Notes|Group||Company||
|---|---|---|---|---|---|---|---|---|---|
|||||||2021|2020|2021|2020|
||||||||||f.|
|Fixed assets||||||||||
|Tangible assets|||||8|36,287|24,042|13,355|13,113|
|Heritage
assets|||||9|1,068,469|1,068,469|1,077,721|1,077,721|
|Investment|property||||10|3,785,398|3,785,398|3,785,398|3,785,398|
|Investments||in subsidiaries|||12|||501|501|
|||||||4,890,154|4,877,909|4,876,975|4,876,733|
|Current
assets||||||||||
|Stocks|||||13|7,700|8,300|||
|Debtors|||||14|240,132|270,388|303,644|333,784|
|Cash at bank||and in|hand|||104,566|58,692|65,432|49,258|
|||||||352398|337,380|369076|383042|
|Current
liabilities||||||||||
|Creditors: Amounts|||falling due within one year||15|603,375)|708,717|582366)|680,582|
|Net current||liabilities||||250,977)|371,337|213,290)|297,540|
|Total assets||less current liabilities||||4,639,177|4,506,572|4,663,685|4,579,193|
|Creditors: Amounts|||falling due after|||||||
|more than|one year||||16|(1,710,215)|(1,665,923)|(1,646,064)|(1,665,923)|
|Provision for liabilities||||and charges|17|(25,064)|24,089)|(25,064)|24,089)|
|Net assets||||||2,903898|2,816,560|2,992557|2,889,181|
|Funds||||||||||
|Restricted|||||19a|607,502|558,057|546,445|577,521|
|Unrestricted|||||19I3|1&737,288|1,699,395|1,890,086|1,755,634|
|Revaluation||reserve|||19b|559,108|559,108|556,026|556,026|
||||||20|2,903,898|2,816,560|2,992,557|2,889,181|
##
##
##
|||Notes|Group||
|---|---|---|---|---|
||||2021|2020|
|Cash flows from operating|activities||||
|Cash generated
from operations|||(44,034)|(34,517)|
|Interest paid|||(3,884)|(3,327)|
|Net cash from operating
activities|||47,918|37,844|
|Cash flows from investing|activities||||
|Rental income|||158,195|140,560|
|Sale oftangible fixed assets|||||
|Purchase oftangible fixed assets|||(20,323)||
|Interest received|||||
|Net cash from investing
activities|||137872|140,560|
|Cash flows from financing|activities||||
|Loan advances|||73,000|47,500|
|Loan repayments|||(69,391)|(119,902)|
|Net cash from financing
activities|||3,609|72,402)|
|Increase/(decrease)
in cash|and cash||||
|equivalents|||93,563|30,314|
|Cash and cash equivalents
at|beginning||||
|ofyear|||(87,167)|(117,481)|
|Cash and cash equivalents|at end ofyear||6,396|87,167|
##
||||Notes|Group||
|---|---|---|---|---|---|
|||||2021|2020|
|Net movement
in funds||||87,338|(38,432)|
|Income from mvesting|activities|||(158&195)|(140,560)|
|Revaluation
ofinvestment||property||||
|Impairment
ofinvestment||property||||
|Depreciation
charges||||8,078|10,033|
|Loss on disposal offixed||assets||||
|Finance costs||||57,237|68,192|
|Finance income||||||
|||||(5,542)|(100,767)|
|Decrease/(Increase)
in|stocks|||600|31,290|
|Decrease/(Increase)
in|debtors|||30,256|(22,695)|
|(Decrease)/Increase
in|creditors|||(69,348)|57,655|
|Net cash from operating|activities|||44,034)|34,517)|
##
|Balan|ce Sheet amounts:|||
|---|---|---|---|
|||Group||
|||31.03.21|01.04.20|
|Year|ended 31u March 2021|||
|Cash|and cash equivalents|6,396|87,167|
|||Group||
|||31.03.20|01.04.19|
|Year|ended 31"March 2020|||
|Cash|and cash equivalents|(87,167)|117,481|
##
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##
|CHARITABLE ACTIVITIES|||||
|---|---|---|---|---|
||Group||Company||
||2021|2020|2021|2020|
|Chorley Borough Council||23,838||23,838|
|Forestry Commission||7,000||7,000|
|Fylde Borough Council|154,519|42,500|3,000|42,500|
|Historic England|34,110||34,110||
|Historic Houses Association|833|454|833|454|
|Job Retention
Scheme|281,628|4,539|59,250|466|
|Lancashire
County Council|9,669||9,669||
|National
Lottery Heritage Fund|230,300||230,300||
|Pendle Borough Council|41,572||41,572||
|Pendle Hill Landscape
Partnership|6,503||||
|Pilgrim Trust||25,000||25,000|
|Ribble Valley Borough Council|11,051||11,051||
|Wigan Metropolitan
Borough Council|10,000||10,000||
||780,185|103,331|399,785|99,258|
##
##
##
|||||Trading and|Trading and|other|other|||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||Charitable|objectives|activity||||Support|costs|Total|Total|
|||Unrestricted|Restricted|Unrestricted|Restricted|||Unrestricted|Restricted|2021|2020|
|||||||I||I|||I|
|Preservation/maintenance||||||||||||
|ofheritage property||2,101|90,273|||||||92,374|17,246|
|Cost ofsales and|service|||||||||||
|delivery|||925|81,164||7,337||||89,426|294,368|
|Staff wages and nic||80,273|48,731|307,252||39,246||56,515|1,802|533,819|567,380|
|Staff pensions||1,998||4,769||||1,124||7,891|8,867|
|Rent and rates||45||6,953||2,046||||9,044|9,427|
|Light and heat||3,987||29,623||2,404||||36,014|49,528|
|Insurance|||14,059|6,175||26,432||||46,666|35,656|
|Telephone||2,507|-|4,450||||||6,957|7,618|
|Motor expenses||6,608||652||||||7,260|13,298|
|Travelling
expenses||2,044||781||||||2,825|5,276|
|Advertising,
publicity||||||||||||
|and marketing||371|43,392|76||||||43,839|3,002|
|Postage, printing|and|||||||||||
|stationery||217|3,231|1,976|||414|||5,838|8,342|
|Equipment
hire||79|945|3,393|||679|||5,096|10,154|
|Repairs and renewals||6,803|3,970|25,952||5,765||1,618|364|44,472|30,536|
|Cleaning expenses||97|—|6,227|||331|||6,655|13,844|
|Security costs||||5,704|||388|||6,092|5,649|
|Trade subscriptions||||||||||||
|and licences||||1,008||||530||1,538|2,091|
|Training expenses||||262||||||262|125|
|Accountancy||5,850||3,575||||1,721|3,200|14,346|14,355|
|Legal and professional||||||||||||
|fees||311|9,882|4,835||||2,969||17,997|8,407|
|Auditors'
remuneration||3,333|—|3,333||||3,417||10,083|12,483|
|Bad and doubtful|debts|||712||||||712||
|Sundry
expenses||661||475||||177||1,313|1,410|
|Bank charges||||3,191||||2,111||5,302|14,675|
|Depreciation||850||4,074|||620|2,521|13|8,078|10,033|
|(Profit)/Loss
on disposal||||||||||||
|oflixed assets||||||||||||
|||118,135|215,408|506,612||85,662||72,703|5,379|1,003,899|1,143,770|
##
##
||||Staff||Depreciation|||
|---|---|---|---|---|---|---|---|
||||Costs|Other|etc|2021|2020|
||||||||I|
|Direct charitable||expenditure|131,002|201,691|850|333,543|213,663|
|Other expenditure:||||||||
|Trading|and other activity costs||351,267|236,313|4,694|592,274|841,075|
|Support|costs||59,441|16,107|2,534|78,082|89,032|
|Finance|costs|||57,237||57,237|68,192|
||||541,710|511,348|8,078|1,061,136|1,211,962|
##
|TAFF COSTS||||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||5||
|Wages and salaries||||||510,085|537,613|
|Social security costs||||||23,734|29,767|
|Pension costs||||||7,891|8,867|
|||||||541,710|576,247|
|The average number ofpersons|employed||during|the year, including|the|||
|trustee directors, analysed
by function||was|as follows;|||2021|2020|
|Management
and administration||||||8|8|
|Charitable
services||||||37|40|
|Clerical administration|and support|||||3|3|
||||||||51|
##
##
##
##
##
|NKT INCOME|AND EXPENDITURE FOR THE YEAR|||
|---|---|---|---|
|This is stated|after charging:|2021|2020I|
|Operating
leases
—equipment||5,096|10,154|
|Depreciation||8,078|10,033|
|Loss on disposal offixed assets||||
|Bank interest|payable|3,884|3,327|
|Loan interest|payable|53,353|64,865|
|Other interest|payable|||
|Auditors
remuneration:||||
|Audit fees||10,083|12,483|
|Accountancy|services|14,346|14,355|
##
||Projects and|||||
|---|---|---|---|---|---|
||tenants|Plant and|Fixtures and|Motor||
||improvements|machinery|fittings|vehicles|Total|
|COSTOR VALUATION||||||
|At 1"April 2020|32,066|16,715|275,071|26,136|349,988|
|Additions||2,245|18,078||20,323|
|Disposals||||200)|200|
|At 31s March 2021|32,066|18,960|293,149|25,936|370,111|
|DEPRECIATION||||||
|At is April 2020|32,066|11,543|260,003|22,334|325,946|
|Charge for the year||1&036|6,089|953|8,078|
|Eliminated
on disposal
At31"March 2021|32,066|12,579|266,092|200
23,087|(200)
333,824|
|NET BOOK VALUE||||||
|At 31"March 2021||6381|27,057|2,849|36,287|
|At 31s March 2020||5,172|15,068|3,802|24,042|
##
##
##
|||Projects and||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||tenants|Plant|and|Fixtures||and||Motor|||
|||improvements|machinery||fittings||||vehicles||Total|
|||5|8|||5||||||
||COST OR VALUATION|||||||||||
||At I a April 2020|32,066||16,715||141,658|||10,441||200,880|
||Additions|||2,245||||531|||2,776|
||Disposals|||||||||||
||At 31a March 2021|32,066||18,960||142,189|||10,441||203,656|
||DEPRECIATION|||||||||||
||At 1"April 2020|32,066||11,543||136,644|||7&514||187,767|
||Charge for the year|||1,036||||766||732|2,534|
||Eliminated
on disposal|||||||||||
||At 31"March 2021|32,066|12,579|||137,410|||8,246||190 301|
|NET BOOK VALUE||||||||||||
|At 31"March 2021||||6,381|||4,779||2|195|13355|
|At 31"March 2020||||5,172|||5,014||2,927||13,113|
||HERITAGE ASSETS|||||||||||
||||||Group||||||Company|
||||||Total||||||Total|
||COST OR VALUATION|||||||||||
||At 1"April 2020||||1,068,469||||||1,077,721|
||Additions|||||||||||
||Disposals|||||||||||
||At 31a March 2021||||6 868|469|||||1,077,721|
||NET BOOK VALUE|||||||||||
||At 31"March 2021||||1,068,469||||||1,077,721|
||At 31"March 2020||||1,068,469||||||1,077,721|
##
##
||Group|Company|
|---|---|---|
||Total|Total|
|FAIR VALUE|||
|At 1"April 2020|3,785,398|3,785,398|
|At 31"March 2021|3,785898|3,785,398|
||||Group|Company|
|---|---|---|---|---|
||||Total|Total|
|||||8|
|At|31"March|2021|3,030739|5,054,115|
|At|31"March|2020|5,030,739|5,054,115|
##
##
##
|VESTMENTS|||||||
|---|---|---|---|---|---|---|
||||Group||Company||
|||2021||2020|2021|2020|
|Unlisted
investments:|||||||
|L.H.T.Enterprises|Limited||||||
|2 Ordinary
shares|off250 each at cost||||500|500|
|Conservation
Services N.W.Limited|||||||
|1 Ordinary
share|off.l at cost||||||
||||||501|501|
##
|The following
is a summ|ary
ofthe trading
subsidiari|es'
results for the year:-||||
|---|---|---|---|---|---|
|||||Conservation|Services|
|||L.H.T.Enterprises|Limited|N.W. Limited
I
I||
|Turnover|||408,355||91,857|
|Expenditure:||||||
|Cost ofgenerating|funds|295,396||107,895||
|Cost ofmanagement|and administration|112,959|408,355||107,895|
|Surplus/(Deficit)|||||16,038|
|STOCKS||||||
|||Group||Company||
|||2021|2020|2021|2020|
|||g||||
|Goods for resale||7,700|8,300|||
|||7,700|8,300|||
##
##
|EBTORS||||||||
|---|---|---|---|---|---|---|---|
|||||Group||Company||
|||||2021|2020|2021|2020|
|Trade debtors||||7,437|18,051|290||
|Amounts
due from subsidiary|||undertakings|||128,991|115,902|
|Grants receivable||||27,287|2,064|27,287|2,064|
|Other debtors||||183,233|227,000|132,797|205,000|
|Prepayments||||22,175|23,273|14,279|10,818|
|||||240,132|270,388|303,644|333,784|
|REDITORS: amounts|falling||due within one year|||||
|||||Group||Company||
|||||2021|2020|2021|2020|
|Trade creditors||||144,792|134,917|93,795|56,041|
|Bank loans and overdrafts||||1679776|202,795|158,927|202,973|
|Amounts
due to subsidiary||undertakings||||74,839|141,377|
|Other creditors||||175,993|180,108|167,070|171,215|
|Other taxes and social|security|||9,898|64,139|5,113|26,961|
|Accruals and deferred|income|||29,916|51,758|7,622|7,015|
|Loans;
Lytham Town|Trust|||75,000|75,000|75,000|75,000|
|||||603,375|708,717|582,366|680,582|
##
##
|REDITO|RS: amounts
falling due after more than|one year||||
|---|---|---|---|---|---|
|||Group||Company||
|||2021|2020|2021|2020I|
|Bank loans||1,710,215|1,665,923|1,646,064|1,665,923|
|Amounts|falling due in more than five years:|||||
|||Group||Company||
|||2021|2020|2021|2020|
|Repayable|by instalments|||||
|Bank loans: & 5 years||1,380,103|1,390,583|1,374,544|1,390,583|
##
##
|PROVISI|ON FORLIABILI|TIES AND CHARGE|S||
|---|---|---|---|---|
||||Group and Company|Group and Company|
||||2021|2020I|
|Provision|for the mamtenance|ofPendle|||
|Heritage|Centre||25,064|24,089|
##
##
##
|||I"April|||Transfers|Transfers|Revaluations
and|31"March|
|---|---|---|---|---|---|---|---|---|
|||2020|Income|Expenditure|between|funds|Impairments|2021|
|Fixed assets|||12,376|(633)||||11,743|
|Lytham Hall (Stage II)|||154,208|(86,788)||24,707||92,127|
|Dukinfield|project|200,000|(75,000)|||||125,000|
|Rose Castle|(Project||||||||
|Officer)||3,057||||||3,057|
|Other projects||355,000|239,424|218,849||||375575|
|||558,057|331,008|(306,270)||24,707||607,502|
##
|COMPANY|||||||
|---|---|---|---|---|---|---|
||I"April|||Transfers|Revaluations
and|31"March|
||2020|Income
I|Expenditure|between
funds
8|Impairments|2021|
|Fixed assets||12,376|(13)|(620)||11,743|
|Lytham
Hall (Stage 11)|22,521|44,708|(35,288)|2,186||34,127|
|Dukinfield
project|200,000|(75,000)||||125,000|
|Other projects|355,000|239,424|138,085)|80,764)||375 575|
||577,521|221,508|173,386|79,198||546,445|
##
##
##
|||||||||Revaluations||
|---|---|---|---|---|---|---|---|---|---|
||||1"April|||Transfers||and|31"March|
||||2020|Income|Expenditure|between|funds|lmpairments
I|2021|
|Designated:||||||||||
|General fund||||||||||
|Maintenance|of|Pendle||||||||
|Heritage Centre||Fund|24,089||||975||25,064|
|David Knightley||Trust|220,246||||||220,246|
|Undesignated:||||||||||
|General fund|||1,455,060|817,466|(754,866)|(25,682)|||1,491,978|
|Revaluation|reserve||559,108||||||559 108|
||||2,258,503|817,466|(754,866)|(24,707)|||2,296,396|
|COMPANY||||||||||
|||||||||Revaluations||
||||1"April|||Transfers||and|31"March|
||||2020|Income|Expenditure|between|funds|Impairments|2021|
||||||8|||||
|Designated:||||||||||
|General fund||||||||||
|Maintenance|of|Pendle||||||||
|Heritage Centre||Fund|24,089||||975||25,064|
|David Knightley||Trust|220,246||||||220,246|
|Undesignated:||||||||||
|General
fund|||1,511,299|247,701|(192,447)||78,223||1,644,776|
|Revaluation|reserve||556,026||||||556 026|
||||2,311,660|247,701|192,447)||79,198||2,446,112|
##
##
##
|||Restricted|Unrestricted|funds|Total|
|---|---|---|---|---|---|
|||Funds|Designated|Undesignated|2021|
|Tangible|fixed assets|361,743|270,374|4,258,037|4,890,154|
|Current|assets|245,759||106,639|352,398|
|Current|liabilities|||(602,318)|(602,318)|
|Long term liabilities||||(1,711,272)|(1,711,272)|
|Provisions|||(25,064||25,064|
|||607,502|245,310|2,051,086|2,903,898|
##
|OMPANY|||||
|---|---|---|---|---|
||Restricted|Unrestricted|funds|Total|
||Funds|Designated|Undesignated|2021|
|Fixed assets|||||
|Tangible|361,743|270,374|4,244,357|4,876,474|
|Investments|||501|501|
|Current assets|184,702||184,374|369,076|
|Current liabilities|||(582,366)|(582,366)|
|Long term liabilities|||(1,646,064)|(1,646,064)|
|Provisions||25,064||25,064)|
||546,445|245,310|2,200,802|2,992,557|
##
##
##
##