## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |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|g|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| |12.|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| |16.|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| |t7|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|||