||||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| ## |||Notes|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| ## |12.|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| ## ##