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|Legal and administration
details for the|Legal and administration
details for the|year ended 31 March 2022|year ended 31 March 2022||
|---|---|---|---|---|
|Report ofthe Council ofManagement,||incorporating
the|Strategic Report||
|for the year ended 31 March 2022|||||
|Independent|auditors'
report to the Members ofChatsworth||House Trust. ,|16|
|Consolidated|Statement offinancial
activities for the year||ended 31 March 2022|20|
|Consolidated|and Charity Balance sheets as at 31 March 2022|||21|
|Consolidated|Statement ofCash Flows|for the year ended|31 March 2022|22|
|Accounting|policies for the year ended|31 March 2022||23|
|Notes to the|accounts for the year ended|31March 2022||2S|
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||||||
|---|---|---|---|---|
|Greenhouse
gas emissions|||||
||2022||2021||
|||tonnes||tonnes|
||mWh|CO2e|mWh|CO2e|
|Scope
1 emissions|||||
|Gas|1,128|207|1,566|288|
|Vehicle fuel (diesel and petrol)|318|80|405|103|
||1446|287|1,971|391|
|Scope 2 emissions|||||
|Electricity (grid)|373|79|866|202|
|Electricity (bought direct - hydro and CHP)|1,123|363|597|138|
|Heating on district heat network|2$.46|481|1,778|357|
||3,742|923|3 241|. 697|
|Scope 3 emissions|||||
|Visitor transport||9/65||5,072|
|Supply chain||601||449|
|||9866||5,521|
|Totals|5188|11076|5,212|6,609|
|Carbon intensity (Tonnes CO2e per f.ofIncome)||0.79||0.92|
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|Visitor Numbers|||||||
|---|---|---|---|---|---|---|
|The number ofvisitors to Chatsworth|for the year|ended to 31 March 2022 compared|||with 4 prior periods was||
|as follows:|||||||
||2022|2021|2020||2019|2018|
|Visitor Numbers|573,686|304,001|580,528|614,679||642,817|
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|Fund||Targel|relurn over|Composi le Benchmark|||
|---|---|---|---|---|---|---|
|||rollin|5 ears||||
|General Fund||CPI+4%||80%MSCI All Countries|World Index||
|||||20%SONIA +2%|||
|Art Purchases|Fund|CPI+|3%|4% ICEBofAML Sterling Corporate||Index|
|||||10%ICEBoAML Gilts|All stock Index||
|||||68%MSCI All Countries|World Index||
|||||17%SONIA +2%|||
|||||1% SONIA|||
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||||Year ended 31 March|Year ended 31 March||
|---|---|---|---|---|---|
|||2022|2022|2021|2021|
|||Actual|Benchmark|Actual|Benchmark|
|General Fund||+64%|+8.6%|+19,1%|24 9%|
|Art Purchases|Fund|+5.7%|+7.2%|21.1%|+24.9%|
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|Expenditure
a|c|count|) fo|r th|e year ende|d 31March|2022||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Art|Donated|Other|||
||||||General|Purchases|Asset|Restricted|Total|Total|
||||Notes||Fund|Fund|Reserve|Funds|Funds|Funds|
||||||(unrestricted)|(unrestricted)|(restricted)|(restricted)|2022|2021|
||||||f000|f000|f000|f000|f000|f000|
|Income from:|||||||||||
|Charitable
activities||||3|10,055||||10,055|4,068|
|Trading activities||||4|2,242|||89|2/31|2,190|
|Investment
income||||5|325||||489|539|
|Donations
and legacies||||6|1,061||||1,061|404|
|Total|||||13,683|164||89|13,936|7,201|
|Expenditure
on:|||||||||||
|Raising funds||||7|785||||790|476|
|Charitable
activities||||8|10/14|||98|10,612|9,544|
|Preservation
and maintenance||||9|59||||59|(I84)|
|Total|||||11/58|||98|11,461|9,836|
|Net income/(expenditure)
the year|||for||2/25|159||(9)|2,475|(2,635)|
|Net gains/(losses)
investments|on|||||432|||],094|3,293|
|Net income/(deficit)||for the|||2,987|591||(9)|3469|658|
|vear|||||||||||
|Movement
between||funds|||(14)|||14|||
|Other recognised|gains and||||||||||
|losses|||||||||||
|Actuarial
gain/(loss
scheme||on pension||26|486||||486|(3,694)|
|Net movement of|funds||||3459|591||5|4055|(3,036|
|Total funds brought||forward|||2,441|19,176|765|9|22/91|25,427|
|Total funds carried||forward|||5,900|19,767|765|14|26,446|22,391|
##
##
||||||Notes|Grou||Chari||
|---|---|---|---|---|---|---|---|---|---|
|||||||2022|2021|2022|2021|
|||||||$000|5000|$000|$000|
|Fixed assets||||||||||
|Fixed assets|||||13|2,158|1,926|2,034|1,794|
|Heritage assets|||||14|10,165|10,100|10,165|10,100|
|Investment
properties|||||15|2,680|2,680|2,680|2,680|
|Investments|||||16|24,975|22,289|24,975|22,289|
|Total Fixed Assets||||||39,978|36,995|39,854|36,863|
|Current assets||||||||||
|Stocks|||||17|74|69|74|69|
|Debtors|||||18|1,839|1,573|I+77|1,3I l|
|Cash at bank and in hand||||||179|399|131|362|
|Total Current|Assets|||||2,092|2,041|1,582|1,742|
|Creditors
(Amounts
one year)||falling due||within|19|(4,109)|(4,654)|(3,475)|(4,223)|
|Net current liabilities||||||(25017)|(2,613)|(1,893)|(2,481)|
|Net assets excluding||pension liability||||37,961|34,382|37,961|34,382|
|Defined benefit|pension||scheme|liability|26|(11,515)|(11,991)|(11/15)|(11,991)|
|Net assets||||||26,446|22,391|26,446|22,391|
|The funds ofthe charity:||||||||||
|Unrestricted
income||funds:||||||||
|General Fund|||||22|5,900|2,441|5,900|2,441|
|Art Purchases|Fund||||23|19,767|19,176|19,767|19,176|
|Restricted Funds|||||24|14|9|14|9|
|Donated Asset|Reserve||||25|765|765|765|765|
|||||||26,446|22,391|26,446|22,391|
##
|Consolidated
Statement of
2022|Ca|sh F|lows fo|r the year end|ed 31March|||
|---|---|---|---|---|---|---|---|
||||||Notes|2022|2021|
|||||||5000|5000|
|Cash flows from operating
activities:||||||||
|Net movement offunds||||||4,055|(3,036)|
|(Gains)/losses
on investments||||||(1,094)|(3,293)|
|Actuarial
(gain)/loss
on pension scheme||||||(486)|3,694|
|Pension service and interest||||||352|315|
|Unfunded
pension scheme non-cash movement||||||(342)|(291)|
|Profit on disposal ofassets|||||||512|
|Depreciation
charges||||||372|372|
|Investment
income||||||(489)|(539)|
|(Increase)/decrease
in stocks||||||(5)|(2)|
|(Increase)/decrease
in debtors||||||(266)|895|
|(Decrease)/increase
in creditors||||||(545)|93|
|Net cash flow generated
from/(used||in) operating||activities||1+52|1,280|
|Cash flows from investing
activities:||||||||
|Income &om investments||||||489|539|
|Proceeds &om the sale ofproperty,|plant and equipment|||||||
|Purchase ofproperty,
equipment
and heritage assets||||||(669)|(339)|
|Purchase ofinvestments||||||(25814)|(2,643)|
|Proceeds from sale ofinvestments||||||22/95|2,532|
|Net cash (used in)/generated
&om investing|||activities|||2,999|91|
|Change in cash and cash equivalents||||||(1,447)|(1,I89)|
|Cash and cash equivalents
at the|beginning ofthe|||period||1 626|2,815|
|Cash and cash equivalents
at the|end of||the period||31|179|1,626|
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|Donated Asset||Reser|ve.||||||
|---|---|---|---|---|---|---|---|---|
||||||Art|Donated|Other||
|||||General|Purchases|Asset|Restricted||
|||||Fund|Fund|Reserve|Funds|Total Funds|
|||||(unrestricted)|(unrestricted)|(restricted)|(resiri cied)|2021|
|||||5000|5000|5000|f000|f000|
|Income from:|||||||||
|Charitable
Activities||||4,068||||4,068|
|Trading activities||||2,000|||190|2,190|
|Investment
income||||327|212|||539|
|Donations &Legacies||||404||||404|
|Total||||6,799|212||190|7/01|
|Expenditure
on:|||||||||
|Raising funds||||432|44|||476|
|Charitable
activities||||9,474|34||36|9,544|
|Preservation
and Maintenance||||(184)||||(184)|
|Total||||9,722|7$||36|9,836|
|Net (expenditure)/income|||for the|(2,923)|134||154|(2,635)|
|year|||||||||
|Net gains on investments||||1,700|1,593|||3,293|
|Net (deficit)/mcome||for|the year|(1/23)|1,727||154|658|
|Movement
between||funds||154|||(154)||
|Other recognised|gains||and losses||||||
|Actuarial
(loss)/gain||on pension scheme||(3,694)||||(3,694)|
|(Loss)/gain
on investment|||properties||||||
|Net movement
offunds||||(4,763)|1,727|||(3,036)|
|Total funds brought||forward||7,204|17,449|765||25,427|
|Total funds carried||forward||2,441|19,176|765||22/91|
##
##
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||$000|5000|
|Amounts|receivable|f'rom|admissions|10055|4,068|
|ncome from other trading activities|||
|---|---|---|
||2022|2021|
||$000|OOOO|
|Income &om park events|355|226|
|Rental income (see note 27)|792|279|
|Other incoine|1,184|1,685|
||2/31|2,190|
||||2022|2021|
|---|---|---|---|---|
||||f000|$000|
|Turnover|||1,095|724|
|Cost ofsales|||(760)|9|
|Facility fee|||(140)|(379)|
|Administration|costs and interest payable||(11)|(11)|
|Net profit|||184|343|
|Amount gift aided to the charity|||184|343|
|Retained
in subsidiary|||||
|The assets and|liabilities ofthe subsidiary|were:|||
|Fixed assets|||124|132|
|Current assets|||677|496|
|Current
liabilities|||801|628)|
|Total net assets|||||
##
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##
|||Art|||
|---|---|---|---|---|
|||Purchases|||
||General Fund|Fund|2022|2021|
||$000|5000|OOOO|5000|
|Income from quoted investments|||||
|UK Fixed interest stocks|3|3|6|17|
|UK Equities|135|151|286|384|
|Overseas stocks|4|10|14|41|
|Interest on cash with broker|||||
|Income from VK properties|183||183|96|
||325|164|489|539|
|||2022|2021|
|---|---|---|---|
|||5000|$000|
|Staff/pensioner|housing|392|370|
|Other donations|and legacies|669|34|
|||1,061|404|
|Analysis o|fexpenditure
on raising funds|||
|---|---|---|---|
|||2022|2021|
|||OOOO|5000|
|Subsidiary|trading operations|771|381|
|Investment|fees (see note 16)|19|95|
|||790|476|
##
##
##
|Analysis ofexpenditure|on charitable
activities|||
|---|---|---|---|
|||2022|2021|
|||f000|OOOO|
|Admissions
expenses||2,806|2,120|
|Expenses ofpark events||545||
|Maintenance
ofthe art collection||344|401|
|Maintenance
ofthe garden, park and woods||1,163|1,136|
|General upkeep ofthe house and stables||1,935|2,255|
|Repair expenditure||385|436|
|General insurance||292|252|
|Management
rents||392|370|
|Allocations ofsupport costs (see note 9)||2,572|2,394|
|Allocation ofgovernance|costs (see note 9)|178|180|
|||10,612|9,544|
##
|Analysis ofgovernance
and suppo|rt costs||||
|---|---|---|---|---|
||||2022|202]|
||||OOOO|5000|
|Management
charge|||I/53|l,09l|
|Wages &.salaries|||846|917|
|Legal & professional|||65|36|
|Depreciation|||57|87|
|Other administrative|||190|140|
|Service &interest cost on unfunded|pension|scheme|352|315|
|Secretarial fees|||27|22|
|Audit fees|||18|24|
|Trustee's expenses (see note 27)|||||
||||2,808|2,632|
|Allocated:|||||
|Charitable
activities|||2+71|2,394|
|Governance
costs|||178|I80|
|Preservation
and maintenance|||59|58|
||||2,808|2,632|
##
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##
|||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|
|||||||||Number|Number|
|Administration|and manageinent|||||||27|24|
|Domestic||||||||11|10|
|Wardens||||||||34|20|
|Maintenance||||||||32|28|
|Gardens||||||||30|29|
|Domain||||||||6|6|
|Farm yard||||||||13|10|
|||||||||153|127|
|Analysis ofstaff||costs, trustee||remuneration||and expenses and the cost ofkey management||||
|personnel||||||||||
|||||||||2022|2021|
|||||||||$000|OOOO|
|Salaries &wages||||||||3/81|3,514|
|Social security||||||||696|630|
|Employers
pension contributions||||to the|money|purchase|scheme|127|136|
|Staff/pensioner|housing|||||||392|370|
|Service cost on|unfunded||pension|||||115|128|
|Interest cost on|unfunded||pension|||||237|187|
|||||||||4,948|4,965|
|Seven employees||had employee||benefits|in excess off60,000(2020/21: five).|||||
|||||||||2022|2021|
|||||||||Number|Number|
|f60,000 - f70,000||||||||3|2|
|f70,000 - f,80,000||||||||1|1|
|f80,000 - f90,000||||||||3|2|
##
##
##
|Tangible assets|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||Group||||Charity||||
|||Long|Equipment|||Long|Equipment||||
||Leasehold||and|Assets under||Leasehold|and|Assets|under||
||Buildings||Vehicles|Construction|Total|Buildings|Vehicles|Construction||Total|
|||f000|5000|5000|t'000|5000|OOOO||5000|i'000|
|Cost:|||||||||||
|At I April 2021||1,585|7,036||8,621|1,585|6,877|||8,462|
|Additions/Adjustments||323|281||604|323|281|||604|
|Disposal s|||(14)||(14)||(14)|||(14)|
|At 31 March 2022||1,908|7+03||9411|1,908|7,144|||9,052|
|Accumulated
Depreciation:|||||||||||
|At I April 2021||1,411|5,284||6,695|1,411|5,257|||6,668|
|Charge for the period||27|345||372|27|337|||364|
|Disposals|||(14)||(14)||(14)|||(14)|
|At 31 March 2022||1,438|5,615||7,053|1,438|5~|||7,018|
|Net BookAmounts|||||||||||
|At 31 March 2022||470|1,688||21158|470|1464|||2,034|
|At 31 March 2021||174|1,752||1,926|174|1,620|||1,794|
|Heritage assets|||||||||||
|uring the period additions||of$65,000(2020/21; f11,000)were added to the collection.|||||||||
|Five
ear financial|summ||ofherita
e|asset transactions|||||||
||||2022|2021||2020|2019||2018||
||||OOOO|OOOO||5000|$000||f000||
|Opening balance|b/fwd||10,100|10,089||9,649|9,622||9,672||
|Acquisitions|||65|||474||43|48||
|Disposal||||||(34)|(16)||(98)||
|Closing balance c/fwd|||10,165|10,100||10,089|9,649||9,622||
##
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|Investments|||||||
|---|---|---|---|---|---|---|
|||||Art|||
||||General|Purchases|Total|Total|
||||Fund|Fund|2022|2021|
||||OOOO|f000|OOOO|j'000|
|Market value|at|1 April 2021|12,065|10,224|22/89|19,357|
|Acquired
during||the period, at cost|13,879|11,335|25+14|2,643|
|Disposal|||(9,542)|(8,608)|(18,]50)|(1,929)|
|Gains/(losses)|during the period||(1,607)|(1,544)|(3,151)|2,691|
|Investment
income|||142|164|306|442|
|Management|fees||(14)|(5)|(19)|(95)|
|Cash introduced||(withdrawn)|(1,070)|(444)|(1,514)|(820)|
|Market value|at|3l March 2022|13,853|11,122|24,975|22,289|
##
##
||||Art|||||||
|---|---|---|---|---|---|---|---|---|---|
||General||Purchases|||||||
|||Fund|Fund|Total|2022||Total 2021|||
|||f000|f000|f000|||f000|||
|f.Fixed interest|||1,302|1/02||5.2%|748||33%|
|K Index linked|||||||314||14%|
|Other index linked|||||||1,409||6.3%|
|Alternative
investments|2,921||2,219|5,140||20.6%|618||2.8%|
|Equities|10,449||7,256|17,705||70.9%|8,530||38,4%|
|Liquid Assets||483|345|82$||33%||||
|Europe|||||||256||1.1%|
|Rest ofthe World|||||||8,828||396%|
|Other securities|||||||359||1.6%|
|Cash|||||||1,227||5.5%|
|Total market value|13,853||11,122|24~975|100.0%||22,289||100.0%|
|Cost|13,663||11,134|24 797|||17,733|||
||||||as|at 31March 2022||||
|||||Level
1||Level 2|Level|3|Total|
|||||f000||f000|f000||f000|
|Listed stocks or collective investment||vehicles||24,975|||||24,975|
|Accrued interest||||||||||
|Cash||||||||||
|Market value at 31March 2022||||24,975|||||24,975|
||||||as|at 31March 2021||||
|||||Level 1||Level 2|Level|3|Total|
|||||f000||f000|f000||f000|
|Listed stocks or collective investment||vehicles||21,057|||||21,057|
|Accrued interest||||||||5|5|
|Cash||||1,227|||||1,227|
|Market value at 31March 2021||||22/84||||5|22,289|
##
##
##
|16|Investments|Investments|(continued)|(continued)|(continued)||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Investments||in subsidiary|||and associated|undertakings||||||
|||||||||||||Profit/|
||||||Country of||||||Net assets/|(loss) for|
||||||incorporation||Principal|activity||Holding|(liabilities)|period|
||Chatsworth||House||||||||||
||Enterprises||Limited||United Kingdom||Trading activities|||100%|K I|j183,970|
|17|Stocks||||||||||||
||||||||||Grou||Charl||
||||||||||2022|2021|2022|2021|
||||||||||f000|f000|$000|5000|
||Stores||||||||51|52|51|52|
||Livestock||||||||23|17|23|17|
||||||||||74|69|74|69|
|18|Debtors||||||||||||
||||||||||Grou||Chari||
||||||||||2022|2021|2022|2021|
||||||||||5000|OOOO|$000|OOOO|
||Trade debtors||||||||423|264|47|24|
||Amounts|due||from|related|undertakings|||56|78|56|78|
||Bad debt|provision|||||||(6)|(25)|(6)|(25)|
||||||||||473|317|97|77|
||Amounts|due||from|group|companies|||||167|198|
||Prepayments|||and accrued||income|||1466|1,256|1,113|1,036|
||||||||||1,839|l,573|1477|1,3l l|
##
##
|Creditors|-Amou|nts
falling due within one yea|r||||
|---|---|---|---|---|---|---|
||||Grou||Chari||
||||2022|2021|2022|2021|
||||5000|5000|f000|OOOO|
|Amounts|falling|due within one year:|||||
|The Chatsworth||Settlement|823|2,418|823|2,418|
|Other trade creditors|||557|234|468|214|
|Deferred|income||418|481|418|480|
|Accruals|||2/11|1,466|1,766|1,056|
|Other taxation and social security||||55||55|
||||4,109|4,654|3,475|4,223|
##
##
##
|uture pe|riods.|||
|---|---|---|---|
||||5000|
|Balance|as at 1 April 2021||481|
|Total received in year for annual||memberships|722|
|Amounts|related to current year||(785)|
|Balance|as at31March 2022||418|
##
||||Art|Donated|Other||
|---|---|---|---|---|---|---|
|||General|Purchases|Asset|Restricted||
|||Fund|Fund|Reserve|Funds|2022|
|||OOOO|5000|5000|f000|5000|
|Tangible fixed assets||3,146|8,273|765|139|12423|
|Investment|properties|2,6$0||||2,680|
|Investments||13,853|11,122|||24,975|
|Cash at bank and in hand||179||||179|
|Net current|(liabilities)/assets|(2,443)|372||(125)|(2,196)|
|Unfunded|pension scheme liability|(11,515)||||(11,515)|
|||5,900|19,767|765|14|26,446|
||||Art|Donated|Other||
|||General|Purchases|Asset|Restricted||
|||Fund|Fund|Reserve|Funds|2021|
|||f000|5000|OOOO|f000|5000|
|Tangible fixed assets||2,900|8,208|765|154|12,027|
|Investment|properties|2,6$0||||2,680|
|Investments||12,064|10,224|||22,288|
|Cash at bank and in hand||399||||399|
|Net current|(liabilities)/assets|(3,611)|||(145)|(3,012)|
|Unfunded|pension scheme liability|(11,991)||||(11,991)|
|||2,441|19,176|765|9|22,391|
##
##
##
##
|Devonshire
and the Duke ofDev|onshire's
Charitable|Trust.|||
|---|---|---|---|---|
|||Revaluation|Revenue||
|||reserve|reserve|Total|
|||f000|f000|f000|
|The reserves at the fund comprise:|||||
|At 1 April 2021||3,238|(797)|2,441|
|Unrealised
losses on investments||(1,607)||(1,607)|
|Actuarial
gains on unfunded|pension||486|486|
|scheme liability|||||
|Realised gains on investments|||2,269|2,269|
|Net incoming resources|||2,311|2/11|
|Transfer between reserves||(1,441)|1,441||
|At 31March 2022||190|5,710|5,900|
|||Revaluation|Revenue||
|Comparative
figures from 2020/21||reserve|reserve|Total|
|||f000|f000|f000|
|The reserves at the fund comprise:|||||
|At 1 April 2020||1,968|5,236|7,204|
|Unrealised
gains on investments||1,389||1,389|
|Actuarial
losses on unfunded
pension scheme liability|||(3,694)|(3,694)|
|Realised gains on investments|||311|311|
|Net outgoing
resources|||(2,769)|(2,769)|
|Transfer between reserves||(119)|119||
|At 31 March 2021||3,238|(797)|2,441|
##
##
##
##
|other purposes
at the discretion ofthe Council ofM|anagement.|||
|---|---|---|---|
||Revaluation|Revenue||
||reserve|reserve|Total|
||5000|f000|5000|
|The reserves ofthe fimd comprise:||||
|At 1 April 2021|1,818|17,358|19,176|
|Unrealised
losses on investments|(1,544)||(1,544)|
|Realised gains on investments||1,976|1,976|
|Net incoming resources||159|159|
|Transfer between
funds|(285)|285||
|At 31March 2022|(11)|19,778|19,767|
||Revaluation|Revenue||
|Comparative
figures &om 2020/21|reserve|reserve|Total|
||5000|f000|f000|
|The reserves ofthe fund comprise:||||
|At 1 April 2020|870|16,579|17,449|
|Unrealised
gains on investments|1,302||1,302|
|Realised gains on investments||291|291|
|Net incoming resources||134|134|
|Transfer between funds|(354)|354||
|At 31March 2021|1,818|17,358|19,176|
##
##
##
##
|||||||Arts Council||
|---|---|---|---|---|---|---|---|
||Archives|Seahorse|RPA (Tree|National|Idlewild|-Radical||
||Revealed|Fountah|Planting)|Manuscripts|conservation|Horizons|Total|
|The reserves ofthe||||||||
|At I April 2021|||||||9|
|Income|21||||5|59|89|
|Expenditure|(21)||||(4)|(59)|(84)|
|At 31March 2022|||||||14|
|||Historic||||||
|---|---|---|---|---|---|---|---|
|||Houses-Risk||||||
|||Response|Seahorse|RPA (Tree||||
|||Fund|Fountain||Planting)||Total|
|Comparative
figures for 2020/21||||||||
|The reserves ofthe fund comprise:||||||||
|At I April 2020||||||1|9|
|Incoine||190|||||190|
|Expenditure||(190)|||||(190)|
|At 31March 2021||||||I|9|
|25
Donated Asset Reserve||||||||
|The charity has established||this fund to account for donations ofart to|the charity|arising|in the|prior|period.|
|||||Chaos||||
|||||Meteoro|||Total|
||||||f000||$000|
|The reserves ofthe fund comprise:||||||||
|At
1 April 2021|||||765||765|
|Income||||||||
|Expenditure||||||||
|Transfer between|funds|||||||
|At 31March 2022|||||765||765|
##
##
##
|he major assu|mptions|us|ed in t|he c|alcul|ation oft|he liability are as follows:|||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021|
|Discount rate||||||||2.6%|20%|
|Salary inflation||||||||3.5%|32%|
|The amounts|recognised||in the|balance||sheet are|as follows:|||
|||||||||2022|2021|
|||||||||OOOO|OOOO|
|Present value|ofunfunded||obligations|||||11,515|11,991|
|Deficit in the|scheme|||||||11,515|11,991|
|Analysis ofamount||recognised||within||actuarial|gains and losses|||
|Changes
in assumptions|||underlying||the|present value ofthe scheme liabilities||||
|Changes
in discount||rate|and mortality|||rates||(486|3,694|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||the year $3,117(2020/21|:|K8,375)w|as invo|iced for gas and office costs.|||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
||Amounts
due (from)/to|Chatsworth||House|Trust at 31 March 2022|||
||with|||||||
||The Chatsworth
Settlement|||||(823,427)|(2,418,151)|
||Duke ofDevonshire|||||2,715|2,507|
||Devonshire
Renewable||Energy Ltd|||(15,389)|(48,856)|
||Chatsworth
Estate Trading|||||95,218|(3,612)|
||Devonshire
Educational||Trust||||229|
||Devonshire
Hotel Group|||||21,658|13,633|
||Elm Tree Farm||||||(1,152)|
|28|Financial instruments|||||||
|||||||2022|2021|
|||||||f000|5000|
|Carrying
amount offinancial assets||||||||
|Financial assets measured
at||fair value through|||net|24,975|22,289|
|income/expenditure||||||||
|Debt instruments
measured
at|||amortised|cost||473|317|
|Carrying
amount offinancial liabilities||||||||
|Me|asured
atamortisedcost|||||4 109|4654|
##
|Reconciliation ofcash a|nd cash equivalents|||
|---|---|---|---|
|||2022|2021|
|||$000|OOOO|
|Cash at bank and in hand||179|399|
|Cash held with investment|manager||1,227|
|Net funds at31March|2022|179|1,626|