2023-03-31-accounts - The Fitzwilliam Wentworth Amenity Trust

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Expenditureon therepairand	improvementofheritage property reduced to f,\,376,756 (2022:f,l,039 ,314).
Heritage Property-	TheCharityhascontinuedwithits programofproperty repairs and improvements. Works arecarriedouttohighstandardsinaccordancewiththe principlesof
	conservinghistoricbuildings.The Charitycontinuestomanageletproperties on
	normal commercialterms.
WentworthFishery-	Operationofthecoarsefisheryand maintenanceoftheassociateddams continued
	withseasonticketsalescomparable tothepreviousseason.
The Monuments-	Owing to Covidrestrictions,RockinghamMausoleum andHooberStandwerenot
	openedtothepublic.The Deer Park continuesto beappreciated by membersofthe publicwho make extensiveuseofthepublicrightsofwaynetwork.
Woodland-	The Charitycontinuestomaintainareasofwoodlandandopenspacestoa high
	standard.NewwoodlandplantingisunderwayatShireOaks.
Destination Management-	Visitor trafficto WentworthVillageandWentwoftfrDeerparkcontinuesto grow. FollowingpreparationofajointAccess&ParkingStrategywiththe Wentworth
	Woodhouse PreservationTrust,workisnow underwayonajointMasterplanasa
	precursortofuture planning applicationsforimproved parkingandvisitor piovisions
	atTownEndandGranny Clarks.
Donations-	The Charityconsideredapplicationsforgrants and madeanumberofspecific
	donations toabroad rangeoflocalprojectsasrecordedinnote 9 tothe accounts.

13th February 2024

13 February 2024

		UnrestrictedFunds	UnrestrictedFunds
			Endowment	Funds
	Note	General Fund	Heritage AssetsInvestments		Totaltr'unds	Totaltr'unds
Incomefrom:		f	f	f,	2023 c	2022 f
Investment income	2			18,873	18,873	14,372
Charitable activities	3		1,919,720		1,919,720	2,00l,ggl
Totalincome			1,919,720	18,873l,g3g,5g32,016,363
Expenditure:
Costsof raisingfunds:	4			9,755	9,755	4,471
Charitable activities	5	15,893	2,237,166		2,260,570	1,750,021
Totalexpenditure:		15,893	2,237,166	9,755	2,262,9141,754,492
NET (EXPENDITUREYINCOME AND
NETMOVEMENT INFUNDS
BEFORE GAINS ANDLOSSESON
INVESTMENTS		( I5,893)	(317,446)	g,1lg	(324,221)261,87t
Transfers betweenfunds		(308,328)	317,446	(9,1 18)
Net gain/(loss)on heritageassets Realisedgainon investments Unrealised gain/(loss) oninvestments	t0 12 t2		1,745,119	(94,516)	1,745,719 (94,516)	3,042,440 (350) 122,754
NET MOVEMENTINF'UNDS		(324,220)	t,745,118(94,5t6)1,326,38t3,426,715
RECONCILIATIONOF'FUNDS	l6
Totalfundsbroughtforward		353,444	42,254,771	3,255,996	45,964,111	42,437,393
Totalfundscarried forward		29,224	43,ggg,ggg	3,161,390	47,190,492	45,964,111
				l

13th February 2024

RECONCILIATIONOFNET MOVEMENTS INFUNDS TONETCASHFLOWUSEDINOPERATINGACTIVITIES	2023 f	2022 f
Net movement infunds Adddepreciation Deduct(profit)on disposaloffixedassets	1,326,391 15,709	3,426,715 19,662
Deduct dividends,interest and rentsfrominvestments Deductgainon heritageassets Deduct gains on investments (Increase)/decreaseindebtors Increase/(decrease)in creditors	(18,873) (1,745,11g) 94,516 (5,309) 121,530	(14,372) (3,042,440) (122,404) Il4,lg0 (t79,27t)
Netcash(used in)/generatedfromoperatingactivities	(2r1,164)	201,070
Cashflowsfrominvesting activities:
Purchaseoffixedassets
Saleoffixedassets
Dividends,interest and rentfrominvestments Purchaseofinvestments Proceedsfromsaleofinvestments	18,873	14,372 (64,623) 63,717
Netcashprovidedbyinvesting activities	18,873	13,466
Changeincashandcashequivalentsintheyear	(192,921)	214,536
Cashandcashequivalentsbrought forward	308,541	94,005
Cash andcashequivalentscarriedforward	115,620	308,541
Cash atbank Cashheld byinvestment managers	107,704 7,916	304,695 3,956
Cash andcashequivalents	1t5,620	308,541

FINANCIALINVESTMENT
INCOME		Endowment	Funds
	General Fund f,	Heritage Assets gf	Investment Fund	Total 2023 f	2022 f
Interestreceivable			569	569	420
Dividends			6,303	6,303	2,302
Rentsreceivable			12,000	12,000	1l,650
			18,873	18,873	14,372

Rentsreceivable	f, 1,814231	c	f l,8l4,2gl	c 1,786,706
Fishing WentworthPark Woods andplantations Otherincome	64,936 6,081 22,778 11,644		64,936 6,081 22,779 11,644	72,716 5,900 136,669
	r,919,720		1,919,720	2,001,991
COSTSOFRAISINGFUNDS
InvestmentManagementFee Propertyrepairs		2,244 7,511	2,244 7,511	2,429 2,042
		9,755	9,755	4,471

CHARITABLEACTIVITIES		9,75	9,755 5	4,
2023
Estate costs		1,889,420	1,889,420
Fishing WentworthPark Woods andplantations Grants (note 9)	15,623	220,897 gg,3gg 27,457	220,997 99,399 27,451 15,623
Governance	270		270
	15,893	2,237,t66	2,253,059
2022
Estatecosts Fishing WentworthPark Woodsandplantations Grants (note 9)	31,990	1,437,872 166,602 77,449 28,619	1,437,872 766,602 77,449 28,619 31,880
Governance	7,600		7,600
	39,480	1,710,541	1,750,021
GOVERNANCECOSTS
			2023	2022
Auditors'remuneration			f	c
-Audit - Tax			12,000	6,200 1,400
			12,000	7,600

67,564	73,464
5,954	5,905
5,522	6,034
79,040	95,403

NETMOVEMENT INF'UNDS	2023 f	2022 f
Net movementinfundsisstatedafter charging: Depreciation	15,709	18,662
(Profit)on disposaloftangiblefixedassets Auditors'remuneration-auditfees -nonauditfees	12,000	6,200 1,400

TheTrustmade 8(2022:8)grantstotallingf.15,623(2022:L31,880)in relistedbelow:	theyear.Thegrants madeintheyear f
Christmas Trees	480
SwintonActivityCentre	1,500
FriendsofBrampton	500
KimberworthParkCommunity Association	1,000
Wentworth School	5,500
RMBCre Keppels Column	3,743
WentworthVillageCommunity Association	2,500
WentworthResidentsAssociation	400
	15,623

HERITAGEASSETS	Property
	g
AtlApm2022	42,353,770
Additions
Proceeds on disposals Netgainsintheyear	1,745,1r8
At3lMarch2023	44,098,888

11.TANGIBLEFIXEDASSETS	Machinery	Motor	Office	Total
	and	vehicles	Equipment
	equipment f	f	f	f
COST
AtIApril2022 Additions	160,776 9,393	84,588	s00	245,364 g,gg3
Disposals
At3lMarch2023	170,159	84,599	500	255,247
DEPRECIATION
AtlApril2022 Chargefortheyear Eliminatedon disposal	126,292 10,174	62,866 5,43r	104	I89,l5g 1s,709
At3lMarch2023	136,466	68,297	r04	204,866
NET BOOK VALUE
At31March2023	33,694	16,291	396	50,3gl
At3lMarch2022	34,484	21,722		56,207

INVESTMENTS	Property g	Quoted f	Total c
AtIApril2022 Additions	500,500	2,689,703	3,190,203
Unrealisedprofit /(loss)inthe year	59,500	(154,016)	(94,516)
Proceedsofdisposal
Realisedgain inthe year
At3lMarch2023	560,000	2,535,697	3,095,697
Historiccostof investments:
UKquoted		f,	,479,271

euotedinvestments are managedbyan independentinvestmentmanag quoted investmentsareinvestedinoneequityfund.Thisis theonly ma	er, StanhopeCapital terialinvestment.	.Ovet97o/o
DEBTORS	2023 f	2022 c
Dueafteroneyear:
Capitalaccountwith Fitzwilliam(Wentworth)EstatesSyndicate	17,866	17,866
Duewithinoneyear:
Trade debtors	30,473	25,830
CurrentaccountwithFitzwilliam(Wentworth)Estates	56,581	56,581
Prepayments and accruedincome	74,064	73,397
	161,1l8	155,808

Tradecreditors	258,965	114,922
Othercreditors Othertaxand socialsecuritycosts Accrualsand deferredincome	425 qq6i 79,715	430 9,041 9l,550
Amountsduetorelatedundertaking		2,345
	349,068	218,288

Deferred income comprisesamounts receivedinadvanceforrentandfishing per	mits
	3
AtlstApril2022 Amountreleased toincomeearnedfrom charitable activities	39,777 (39,777)
Amountdeferredinyear	77,167
At 3lstMarch2023	77,167

RECONCILIATIONOFUNRESTRICTEDFUNDS		Unrestricted Funds
		Endowment	Funds
(seenotel(ii)forexplanationoffunds)	General Fund f	Heritage Assets fc	Investment Fund
AtlstApril2022 (Deficit)/surplus fortheyear Realisedprofit	353,445 (l5,893)	42,254,771 (317,446)	3,255,896 9,1 18 (94,516)
Unrealised(loss)/gain		1,745,178
Transfers between funds	(308,327)	317,446	(9,1 18)
At 3lstMarch2023	29,22443,999,889		3,161,380
RECONCILIATIONOFUNRESTRICTEDFUNDS		UnrestrictedFunds
		Endowment	Funds
(seenotel(ii)forexplanationoffunds)	General Fund f	Heritage Assets ff,	Investment Fund

AtlstApril2021 (Deficit)/surplusfortheyear Realisedprofit Unrealisedgain/(loss) Transfers between funds	f91,572 59,520 202,351	f39,212,330 192,450 3,042,440 (192,450)	f3,133,491 g,g0l (350) 122,754 (9,901)
At 3lstMarch2022	353,445	42,254,771	3,255,896

ANALYSISOFNETASSETS BETWEENFUNDS	General Fund	EndowmentFunds Heritage Investment Asset Fund	EndowmentFunds Heritage Investment Asset Fund	Total
	*.	ft		f
Heritageassets		44,098,888		44,098,888
Tangible fixedassets	50,38l			50,381
Investments			3,095,687	3,095,687
Currentassets	268,704			268,704
Currentliabilities	(323,t67)			(323,167)
Inter-fund loan	33,306	(98,999) 65,693
At 3lstMarch2023	29,224	43,999,889	3,161,380	47,190,493
ANALYSISOFNETASSETS BETWEENFUNDS	General Fund	EndowmentFunds Heritage Investment Asset Fund		Total
	c	ff,		c
Heritageassets		42,353,770		42,353,770
Tangiblefixedassets	56,206			56,206
Investments			3,190,204	3,L90,204
Currentassets	482,2t6			482,216
Currentliabilities	(218,288)			(218,288)
	320,134	42,353,770	3,190,204	45,864,108
Inter-fundloan	33,309	(99,000)	65,691
At 3lstMarch2022	353,443	42,254,77093,255,895		f45,864,108

Incomefrom:		t	t	f		f
Investments	2				14,372	14,372
Charitable activities	J	99,000	l,902,ggl			2,00l,ggl
Total income		99,000	1,902,991		14,372	2,016,363
Expenditure:
Costsofraisingfunds:	4				4,471	4,471
Charitable activities	5	39,480	1,710,541			1,750,027
Totalexpenditure:		39,480	1,710,541		4,471	1,754,492
NET (EXPENDITUREYINCOME AND
NET MOVEMENT INFUNDS
BEF'ORE GAINSANDLOSSESON
INVESTMENTS		59,520	192,450		9,901	26l,g7l
Transfers between funds		202,351	(192,450)		(9,901)
Net gainl(loss)on heritageassets Realisedgainon investments Unrealised (loss)/gainon investments	l0 l2 t2		3,042,440		(3s0) 122,754	3,042,440 (350) 122,754
NET MOVEMENTINFUNDS		261,871	3,042,440		122,404	3,426,715
RECONCILIATIONOF FUNDS	l6
Totalfundsbrought forward		91,572	39,212,330	3,133,49142,437,393
Totalfunds carriedforward		353,443	42,254,770	3,255,99545,964,109