2022-03-31-accounts - The Heritage Trust For The North West

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			Page
Report ofthe Trustees
Report ofthe Independent		Auditors	6-8
Consolidated statement of		financial activities	9-10
Balance Sheets
Cash flow statement			12-13
Notes to the financial	statements		14-27

			Notes			Total	Total
				Unrestricted	Restricted	Funds	Funds
				Funds	Funds	2022	2021
				5
Income from:
Donations				27,852	134,015	161,867	42,275
Legacies Charitable activities:							(75,000)
Revenue grants received				144,265	108,138	252,403	767,809
Capital grants received					10,858	10,858	12,376
Trading activities:
Trading activities				259,852		259,852	43,444
Services provided				654,615		654,615	144,758
Activity income				308,044	27,702	335,746	46,414
Other income Investtnentlncaniei				20,913		20&913	8,203
Rents received				156,509		156,509	158,195
Interest received
Total incoming resources			3	1,572,050	280,713	1,852,763	1,148,474
Expenditure on:
Cliarl table acti vltiest
Preservation and maintenance		of
heritage property				195,090	196,123	391,213	333,543
Raising fundst
Trading and other activity	costs			1,134,090	35,998	1,170,088	592,274
Other:
Support costs				88,658	22,060	110,718	78,082
Finance costs				56,212		56,212	57,237
Total expenditure			4	1,474,050	254,181	1,728,231	1,061,136
Net income before recognised		gains/(losses)		98,000	26,532	124,532	87,338
Other recognised gains/gasses)
Revaluation offixed asset investments Impairment offixed asset investments				(291,693) (516,713)		(291,693) (516,713)
Net income after recognised	gains/(losses)			(710,406)	26,532	(683,874)	87,338
Transfers between fimds				(32,216)	32,216
Net movement in funds				(742,622)	58,748	(683,874)	87,338

For the year en	ded	31"March 2022
			Notes			Total	Total
				Unrestricted	Restricted	Funds	Funds
				Funds	Funds	2022	2021
Net movement	in	funds		(742,622)	58,748	(683&874)	87,338
Reconciliation	offunds:
Total funds brought		forward		2,296,396	607,502	2,903,898	2,816,560
Total funds carried		forward	19	1,553,774	666,250	2,220,024	2,903,898

					Notes	Group		Company	Company
						2022	2021	2022	2021
Fired assets
Tangible	assets				8	57,233	36,287	10,811	13,355
Heritage	assets				9	1,068,469	1,068,469	1,077,721	1,077,721
Investment		property			10	2,976,992	3,785,398	2,976,992	3,785,398
Investments		in subsidiaries			12			501	501
						4,102,694	4,890,154	4066,025	4,876975
Current	assets
Stocks					13	12,500	7,700
Debtors					14	219,711	240,132	333,629	303,644
Cash at bank and in			hand			168470	104,566	124,379	65432
						400,681	352,398	458,008	369076
Current	liabilities
Creditors:	Amounts		falling due within one year		15	(627,499)	603,375	624,633)	582,366
Net current		liabilities				(226,818)	250,977)	166,625)	213,290)
Total assets		less current liabilities				3,875,876	4,639,177	3,899,400	4,663,685
Creditors:	Amounts		falling due after
more than		one year			16	(1,628,933)	(1,710,215)	(1,579,883)	(1,646,064)
Provision	for liabilities			and charges	17	(26919)	(25,064)	26,919	(25 064)
Net assets						2,220,024	2,903,898	2,292,598	2,992,557
Funds
Restricted					19a	666,250	607,502	590,799	546,445
Unrestricted					19b	1,286,359	1,737,288	1,437,466	1,890,086
Revaluation		reserve			19b	267,415	559,108	264,333	556026
					20	2,220,024	2,903,898	2,292 598	2,992,557

		Group
		2022	2021
		5	5
Cash flows froin operating	activities
Cash generated from operations		79,406	(44,034)
Interest paid		(2,450)	(3,884)
Net cash from operating activities		76,956	47918
Cash floivs from investing	activities
Rental income Sale oftangible fixed assets		156,509	158,195
Purchase oftangible fixed assets Interest received		(37,173)	(20,323)
Net cash from investing activities		119,336	137,872
Cash flows from financing	activities
Loan advances Loan repayments		(126,271)	73,000 (69,391)
Net cash from financing activities		(126,271)	3,609
Increase/(decrease) in cash	and cash
equivalents		70,021	93,563
Cash and cash equivalents at	beginning
ofyear		6,396	(87,167)
Cash and cash equivalents at end ofyear		76,417	6,396

	Group
	2022	202l
Net movement in funds Income from investing activities Revaluation ofinvestment property Impairment ofinvestment property Depreciation charges Loss on disposal offixed assets Finance costs Finance income	(683,874) (156,509) 291,693 516,713 15,378 849 56,212	87,338 (158,195) 8,078 57,237
	40,462	(5,542)
(increase)/Decrease in stocks Decrease/(Increase) in debtors Increase/(Decrease) in creditors	(4,800) 20,421 23,323	600 30,256 (69,348)
Net cash from operating activities	79,406	44,034)

		Group
		31.03.22	01.04.21
Year	ended 31"March 2022
Cash	and cash equivalents	76,417	6,396
		Group
		31.03.21	01.04.20
Year	ended 31"March 2021
Cash	and cash equivalents	6,396	(87,167

CHARITABLE ACTIVITIES
	Group		Company
	2022	2021	2022	2021
British Archaelogical Society	500		500
Chorley Borough Council Drapers' Charitable Fund Fylde Borough Council Historic England Historic Houses Association	29,744 15000 36,697 322	154,519 34,110 833	29,744 1,000 4,030 322	3,000 34,110 833
Inenco Group Job Retention Scheme Lancashire County Council National Lottery Heritage Fund Pendle Borough Council Pendle Hill Landscape Partnership	2,000 24,125 8,000 124,900 18,800 9,173	281,628 9,669 230,300 41,572 6,503	2,000 4,449 8,000 124,900 14,800	59,250 9,669 230,300 41,572
Ribble Valley Borough Council Wigan Metropolitan Borough Council	8,000	11,051 10,000	8,000	11,051 10,000
	263,261	780,185	197,745	399,785

					Trading	and	other
			Charitable	objectives	activity			Support		costs		Total	Total
			Unrestricted	Restricted	Unrestricted	Restricted		Unrestricted		Restricted		2022	2021
								5
Preservation/maintenance
ofheritage property				110,473								110,473	92,374
Costofsales and		service
delivery				58,687	381,386		13,659					453,732	89,426
Staffwages and	nic		151,957	11,764	523,101			73,228		15,000		775,050	533,819
Staffpensions			2,559		7,734			2,013				12,306	7,891
Rent and rates			22		11,515		673					12,210	9,044
Light and heat			21		38,009							38,030	36,014
Insurance			11,908		25,736		10,126					47,770	46,666
Telephone			2,316		5,759							8,075	6,957
Motor expenses			7,399		684							8,083	7,260
Travelling expenses			1,049		2,840							3,889	2,825
Advertising, publicity
and marketing			191	6,370	95							6,656	43,839
Postage, printing		and
stationery			1,592	83	7,277		8					8,960	5,838
Equipment hire			1,486		667		498					2,651	5,096
Repairs and renewals			8,430	5,389	62,948		744	2,107				79,618	44,472
Cleaning expenses			222		17,242							17,464	6,655
Security costs					11,153							11,153	6,092
Trade subscriptions
and licences					973			1,034				2,007	1,538
Training expenses			26	24	422							472	262
Accountancy			3,769		3,530			3,222		3,200		13,721	14,346
Legal and professional
Fees			1,000		9,105		2,908	2,453				15,466	17,997
Auditors' remuneration				3,333			3,334			3,333		10,000	10,083
Bad and doubtful	debts				1,275							1,275	712
Sundry expenses			214		1,308				636			2,158	1,313
Bank charges					12,615			1,958				14,573	5,302
Depreciation			929		7,867		4,048	2,007			527	15,378	8,078
Loss/(Profit) on disposal
offixed assets					849							849
			195,090	196,123	1,134,090		35,998	88,658		22,060		1,672,019	1,003,899

		Staff		Depreciation
		Costs	Other	etc	2022	2021
		I
Direct charitable	expenditure	166,280	224,004	929	391,213	333,543
Other expenditure:
Trading and other activity costs		530,835	626,489	12,764	1,170,088	592,274
Support costs		90,241	20,477		110,718	78,082
Finance costs			56,212		56,212	57,237
		787,356	927,182	13,693	1,728,231	1,061,136

STAFF COSTS
					2022		2021
Wages and salaries					732,433		510,085
Social security costs					42,617		23,734
Pension costs					22	3II6	7,891
					787,356		541,710
The average number ofpersons	employed		during the year, including	the
trustee directors, analysed by function		was	as follows:			2022	2021
Management and administration						7	8
Charitable services						47	37
Clerical administration	and support					4	3
						58

NET INCONIK AND EXPENDITURE FOR THE YEAR
	2022	2021
This is stated after charging:
Operating leases - equipment Depreciation Loss on disposal offixed assets	2,651 15,378 849	5,096 8,078
Bank interest payable Loan interest payable Other interest payable	2,450 53,762	3,884 53,353
Auditors remuneration:
Audit fees Accountancy services	10,000 13,721	10,083 14,346

	Projects and
	tenants	Plant and	Fixtures and	Motor
	improvements	machinery	fittings	vehicles	Total
				8
COST OR VALUATION
At I a April 2021 Additions Disposals At 3la March 2022	32,066 32,066	18,960 18,960	293,149 35,610 (71,995) 256,764	25,936 1,563 27,499	370,111 37&173 71,995 335,289
DEPRECIATION
At I"April 2021 Charge for the year Eliminated on disposal At 3 to March 2021	32,066 32 066	12,579 1,276 13855	266,092 13,096 (71,146) 208,042	23,087 1,006 24,093	333,824 15,378 71,146) 278,056
NET BOOK VALUE
At 3 la March 2022		5,105	48 722	3,406	57,233
At 31"March 2021		6,381	27,057	2,849	36,287

	Projects and
	tenants	Plant and	Fixtures	and	Motor
	improvements	machinery	fittings		vehicles	Total
COST OR VALUATION
At I"April 2021 Additions	32,066	18,960	142,189		10,441	203,656
Disposals
At 31"March 2022	32,066	18,960	142,189		10,441	203,656
DEPRECIATION
At I"April 2021 Charge for the year	32,066	12,579 1,276	137,410 719		8,246 549	190,301 2,544
Eliminated on disposal
At31"March 2022	32,066	13,855	138,129		8,795	192,845
NET BOOK VALUE
At31"March 2022		5,105	4,060		1,646	10,811
At 3I u March 2021		6,381	4,779		2,195	13,355
HERITAGE ASSETS
			Group			Company
			Total			Total
COST ORVALUATION At I"April 2021 Additions			1,068,469			1,077,721
Disposals
At 31u March 2022			1,068,469			1,077,721
NET BOOK VALUE
At31"March 2022			1,068,469			1,077,721
At31"March 2021			1,068,469			I 077721

	Group	Company
	Total	Total
FAIR VALUE
At 1"April 2021	2,976,992	2,976,992
At 3 la March 2022	2,976,992	2,976,992

		Group	Company
		Total	Total
At	3 la March 2022	5,030,739	5,054,115
At	31a March 2021	5,030,739	5,054,115

INVKSTMKNTS
			Group		Company
		2022		2021	2022	2021
Unlisted investments:				I
L.H.T.Enterprises	Limited
2 Ordinary shares	of6250 each at cost				500	500
Conservation Services N.W. Limited
I Ordinary share ofKl atcost					I	I
					501	501

he following is a summ Turnover	ary ofthe trading subsidiar	ies' results for the year:-
				Conservation	Services
		L.H.T.Enterprises	Limited	N.W. Limited
			1,329,053		177,407
Expenditure:
Cost ofgenerating Costofmanagement	funds and administration	1,113,765 215,288	1,329,053	161,322	161,322
Surplus/(Deficit)					16,085
OCKS
		Group		Company
		2022	2021	2022	2021
				g	E
Goods for resale		12,500	7,700
		12,500	7,700

DEBTORS
				Group		Company
				2022	2021	2022	2021
Trade debtors				55,007	7,437	29,745	290
Amounts due from subsidiary Grants receivable Other debtors		undertakings		143,693	27,287 183,233	158,012 131,794	128,991 27,287 132,797
Prepayments				21,011	22,175	14,078	14,279
				219,711	240,132	333,629	303,644
REDITORS: amounts	falling	due within	one year
				Group		Company
				2022	2021	2022	2021f
Trade creditors Bank loans and overdrafts Amounts due to subsidiary undertakings Other creditors Other taxes and social security Accruals and deferred income Loans: Lytham Town Trust				111,584 170,432 160,659 56,828 52,996 75,000	144,792 167,776 175,993 9,898 29,916 75,000	27,164 155,832 192,331 150,438 16,534 7,334 75,000	93,795 158,927 74,839 167,070 5,113 7,622 75,000
				627,499	603,375	624,633	582,366

PROVIS	ION FORLIABILI	TIESAND CHARG	ES
			Group and Company	Group and Company
			2022	2021
Provision	for the maintenance	ofPendle
Heritage	Centre		26,919	25,064

GROUP
	I"April 2021	Income	Expenditure	Transfers between funds	Revaluations and lmpairments	31"March 2022
Fixed assets Lytham Hall Dukinfield project Rose Castle (Project	11,743 92,127 125,000	10,858 173,169	(4,575) (134,388)	29,552		18,026 160,460 125,000
Officer) Other projects	3,057 375,575 607,502	96686 280,713	115218 254,181)	2 664 32,216		3,057 359,707 666,250

COMPANY
	I"April			Transfers	Revaluations and	31"March
	2021	Income	Expenditure	between funds	lmpairments	2022
Fixed assets Lytham Hall Dukinfield project Other projects	11,743 34,127 125,000 375,575 546,445	10,858 165,169 96,686 272,713	(527) (124,992) 93,953) 219,472	(19,838) 29,552 18,601) 8,887		2,236 103,856 125,000 359,707 590,799

		I"April			Transfers	Transfers	Revaluations and	31"March
		2021	Income	Expendinue	between	funds	Impairments	2022
Designated:
General fund
Maintenance of	Pendle
Heritage Centre David Knightley	Fund Trust	25,064 220,246				1,855		26,919 220,246
Undesignated:
General fund Revaluation reserve		1,491,978 559,108	1,572,050	(1,474,050)	(34,071)		(516,713) 291,693)	1,039,194 267,415
		2,296,396	1,572,050	1,474,050	32,216		(808,406)	1,553,774
COMPANY
							Revaluations
		la April			Transfers		and	31"March
		2021	Income	Expenditure	between	funds	Impairments	2022
								0
Designated:
General fund
Maintenance ofPendle
Heritage Centre Fund David Knightley Trust		25,064 220,246				1,855		26,919 220,246
Undesignated:
General fund		1,644,776	323,298	(268,092)		7,032	(516,713)	1,190,301
Revaluation reserve		556,026					291,693)	264,333
		2,446,112	323,298	(268,092		8,887	808,406)	1,701,799