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2021-12-31-accounts
|
Page |
| Reference and administrative details of the foundation, its trustees and advisers 1-2 |
|
| Chairman's statement |
3 - 6 |
| Trustees' report |
7-15 |
| Independent auditors' report on the financial statements |
16-19 |
| Consolidated statement of financial activities |
20-21 |
| Consolidated balance sheet |
22 - 23 |
| Foundation balance sheet |
24 - 25 |
| Consolidated statement of cash flows |
26 |
| Notes to the financial statements |
27 - 53 |
| Trustees |
M G 0 Bridgeman* |
|
N D T Crawley |
|
S L Graham |
|
A W O Kenyon* |
|
C W Moyle |
|
C Kenyon-Slaney, Chair of Trustees |
| ‘Member of the Audit Committee |
|
| Company registered |
|
| number |
02076097 |
| Charity registered |
|
| number |
518325 |
| Registered office |
Weston Park |
|
Weston-under-Lizard |
|
Shifnal |
|
Shropshire |
|
TF11 8LE |
| Company secretary |
J R Gregory (resigned 5 November 2021) |
| Chief Executive Officer |
C P Sweeney |
| Key Senior Positions |
C P Sweeney, Chief Executive Officer |
|
G Williams, Curator |
|
T O'Hara, Finance Officer |
| Independent auditors |
WR Partners |
|
Chartered Accountants |
|
Belmont House |
|
Shrewsbury Business Park |
|
Shrewsbury |
|
Shropshire |
|
SY2 6LG |
|
|
Endowment |
Restricted |
Unrestricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
funds |
|
|
2021 |
2021 |
2021 |
2021 |
2020 |
|
Note |
£ |
£ |
£ |
£ |
£ |
| Income and |
|
|
|
|
|
|
| endowments from: |
|
|
|
|
|
|
| Charitable activities |
4 |
|
279,098 |
442,100 |
721,198 |
514,859 |
| Other trading activities |
5 |
- |
- |
1,848,305 |
1,848,305 |
625,274 |
| Investments |
6 |
173,456 |
- |
228,556 |
402,012 |
400,518 |
| Other income |
8 |
■ |
- |
146,323 |
146,323 |
320,272 |
| Total income and |
|
|
|
|
|
|
| endowments |
|
173,456 |
279,098 |
2,665,284 |
3,117,838 |
1,860,923 |
| Expenditure on: |
|
|
|
|
|
|
| Raising funds |
9 |
- |
- |
1,516,736 |
1,516,736 |
971,242 |
| Charitable activities |
|
- |
129,346 |
1,564,903 |
1,694,249 |
1,055,557 |
| Total expenditure |
|
- |
129,346 |
3,081,639 |
3,210,985 |
2,026,799 |
| Net |
|
|
|
|
|
|
| income/(expenditure) |
|
|
|
|
|
|
| before net gains on |
|
|
|
|
|
|
| investments |
|
173,456 |
149,752 |
(416,355) |
(93,147) |
(165,876) |
| Net gains on |
|
|
|
|
|
|
| investments |
|
1,016,437 |
- |
88,951 |
1,105,388 |
548,151 |
| Net |
|
|
|
|
|
|
| income/(expenditure) |
|
1,189,893 |
149,752 |
(327,404) |
1,012,241 |
382,275 |
| Transfers between |
|
|
|
|
|
|
| funds |
21 |
(317,124) |
■ |
317,124 |
- |
- |
| Net movement in |
|
|
|
|
|
|
| funds |
|
872,769 |
149,752 |
(10,280) |
1,012,241 |
382,275 |
|
|
Endowment |
Restricted |
Unrestricted |
Total |
Total |
|
|
funds |
funds |
funds |
funds |
funds |
|
|
2021 |
2021 |
2021 |
2021 |
2020 |
|
Note |
£ |
£ |
£ |
£ |
£ |
| Reconciliation of |
|
|
|
|
|
|
| funds: |
|
|
|
|
|
|
| Total funds brought |
|
|
|
|
|
|
| forward |
|
16,566,767 |
|
1,131,474 |
17,698,241 |
17,315,966 |
| Net movement in funds |
|
872,769 |
149,752 |
(10,280) |
1,012,241 |
382,275 |
| Total funds carried |
|
|
|
|
|
|
| forward |
|
17,439,536 |
149,752 |
1,121,194 |
18,710,482 |
17,698,241 |
|
|
|
2021 |
|
2020 |
|
Note |
|
£ |
|
£ |
| Fixed assets |
|
|
|
|
|
| Tangible assets |
14 |
|
160,765 |
|
237,429 |
| Heritage assets |
15 |
|
8,377,942 |
|
8,377,942 |
| Investments |
16 |
|
9,652,341 |
|
8,696,954 |
|
|
|
18,191,048 |
|
17,312,325 |
| Current assets |
|
|
|
|
|
| Stocks |
17 |
38,646 |
|
24,025 |
|
| Debtors |
18 |
230,612 |
|
148,219 |
|
| Cash at bank and in hand |
|
1,029,784 |
|
874,817 |
|
|
|
1,299,042 |
|
1,047,061 |
|
| Creditors: amounts falling due within one |
|
|
|
|
|
| year |
19 |
(776,963) |
|
(641,984) |
|
| Net current assets |
|
|
522,079 |
|
405,077 |
| Total assets less current liabilities |
|
|
18,713,127 |
|
17,717,402 |
| Creditors: amounts falling due after more |
|
|
|
|
|
| than one year |
20 |
|
(2,645) |
|
(19,161) |
| Net assets |
|
|
18,710,482 |
|
17,698,241 |
| Total net assets |
|
|
18,710,482 |
|
17,698,241 |
|
|
2021 |
2020 |
|
Note |
£ |
£ |
| Charity funds |
|
|
|
| Endowment funds |
21 |
17,439,536 |
16,566,767 |
| Restricted funds |
21 |
149,752 |
- |
| Unrestricted funds |
21 |
1,121,194 |
1,131,474 |
| Total funds |
|
18,710,482 |
17,698,241 |
|
|
|
2021 |
|
2020 |
|
Note |
|
£ |
|
£ |
| Fixed assets |
|
|
|
|
|
| Tangible assets |
14 |
|
54,372 |
|
69,247 |
| Heritage assets |
15 |
|
8,377,942 |
|
8,377,942 |
| Investments |
16 |
|
9,732,341 |
|
8,776,954 |
|
|
|
18,164,655 |
|
17,224,143 |
| Current assets |
|
|
|
|
|
| Stocks |
17 |
3,575 |
|
3,493 |
|
| Debtors |
18 |
69,793 |
|
37,900 |
|
| Cash at bank and in hand |
|
176,404 |
|
723,137 |
|
|
|
249,772 |
|
764,530 |
|
| Creditors: amountsfalling due within one |
|
|
|
|
|
| year |
19 |
(313,189) |
|
(402,296) |
|
| Net current liabilities / assets |
|
|
(63,417) |
|
362,234 |
| Total assets less current liabilities |
|
|
18,101,238 |
|
17,586,377 |
| Creditors: amountsfalling due after more |
|
|
|
|
|
| than one year |
20 |
|
(2,645) |
|
(19,161) |
| Net assets excluding pension asset |
|
|
18,098,593 |
|
17,567,216 |
| Total net assets |
|
|
18,098,593 |
|
17,567,216 |
|
2021 |
2020 |
|
£ |
£ |
| Cash flows from operating activities |
|
|
| Net cash used in operating activities |
1,111,184 |
580,485 |
| Cash flows from investing activities |
|
|
| Purchase of tangible fixed assets |
(830) |
(109,384) |
| Movement on fixed asset investments |
(955,387) |
(22,356) |
| Net cash used in investing activities |
(956,217) |
(131,740) |
| Change in cash and cash equivalents in the year |
154,967 |
448,745 |
| Cash and cash equivalents at the beginning of the year |
874,817 |
426,072 |
| Cash and cash equivalents at the end of the year |
1,029,784 |
874,817 |
| The notes on pages 27 to 53 form part of these financial statements |
|
|
|
**Restricted ** |
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
2021 |
2021 |
2021 |
2020 |
|
£ |
£ |
£ |
£ |
| Education and Public |
- |
217,923 |
217,923 |
147,167 |
| Grant income |
279,098 |
145,704 |
424,802 |
352,006 |
| Livestock & produce |
- |
4,038 |
4,038 |
3,275 |
| Timber sales |
- |
17,445 |
17,445 |
- |
| Commissions receivable |
- |
56,907 |
56,907 |
12,357 |
| Curatorial income |
- |
83 |
83 |
54 |
| Total 2021 |
279,098 |
442,100 |
721,198 |
514,859 |
| Total 2020 |
- |
514,859 |
514,859 |
|
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2021 |
2021 |
2020 |
|
£ |
£ |
£ |
| Trading income |
1,848,305 |
1,848,305 |
625,274 |
| Total 2021 |
1,848,305 |
1,848,305 |
625,274 |
| Total 2020 |
625,274 |
625,274 |
|
|
**Endowment ** |
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
funds |
|
2021 |
2021 |
2021 |
2020 |
|
£ |
£ |
£ |
£ |
| Rents receivable |
- |
212,854 |
212,854 |
210,737 |
| Income from listed fixed asset investments |
173,456 |
15,537 |
188,993 |
189,539 |
| Bank interest receivable |
|
165 |
165 |
242 |
| Total 2021 |
173,456 |
228,556 |
402,012 |
400,518 |
| Total 2020 |
177,961 |
222,557 |
400,518 |
|
|
|
Unapplied |
|
|
|
Trust for |
Total |
Total |
Total |
|
Investment |
Return |
funds |
funds |
|
|
|
|
2020 |
|
£ |
£ |
£ |
£ |
| Gift component of the permanent endowment |
2,250,000 |
- |
2,250,000 |
2,250,000 |
| Unapplied total return |
- |
3,904,974 |
3,904,974 |
3,894,555 |
| Investment return: dividends and interest |
- |
131,583 |
131,583 |
131,564 |
| Investment return: realised and unrealised |
|
|
|
|
| gains |
- |
776,708 |
776,708 |
395,904 |
| Unapplied total return allocated to income in |
|
|
|
|
| the reporting period |
- |
(258,182) |
(258,182) |
(517,047) |
| Total |
2,250,000 |
4,555,083 |
6,805,083 |
6,154,976 |
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2021 |
2021 |
2020 |
|
£ |
£ |
£ |
| Covid-19 income |
137,233 |
137,233 |
311,637 |
| Other income |
- |
- |
8,635 |
| Other incoming resources |
9,090 |
9,090 |
- |
| Total 2021 |
146,323 |
146,323 |
320,272 |
| Total 2020 |
320,272 |
320,272 |
|
|
Unrestricted |
Total |
Total |
|
funds |
funds |
funds |
|
2021 |
2021 |
2020 |
|
£ |
£ |
£ |
| Trading expenses |
661,011 |
661,011 |
279,406 |
| Wages and salaries |
690,850 |
690,850 |
550,908 |
| National insurance costs |
46,820 |
46,820 |
46,237 |
| Pension costs |
55,438 |
55,438 |
37,130 |
| Depreciation |
62,617 |
62,617 |
57,561 |
| Total 2021 |
1,516,736 |
1,516,736 |
971,242 |
| Total 2020 |
971,242 |
971,242 |
|
|
Activities |
|
|
|
undertaken |
Total |
Total |
|
directly |
funds |
funds |
|
2021 |
2021 |
2020 |
|
£ |
£ |
£ |
| Preservation of Property |
1,694,249 |
1,694,249 |
1,055,557 |
| Total 2021 |
1,694,249 |
1,694,249 |
1,055,557 |
| Total 2020 |
1,055,557 |
1,055,557 |
|
| Analysis of direct costs |
|
|
|
|
|
Total |
Total |
|
Unrestricted |
funds |
funds |
|
2021 |
2021 |
2020 |
|
£ |
£ |
£ |
| Staff costs |
410,233 |
410,233 |
370,869 |
| Depreciation |
14,875 |
14,875 |
14,869 |
| Purchases & Consumables |
46,459 |
46,459 |
39,188 |
| Insurance |
95,596 |
95,596 |
90,544 |
| Repairs & Maintenance |
412,866 |
412,866 |
183,864 |
| Printing, postage & stationery |
1,380 |
1,380 |
3,326 |
| Motor Costs |
288 |
288 |
229 |
| Professional Fees |
87,302 |
87,302 |
59,360 |
| Sundry Expenses |
114,737 |
114,737 |
106,991 |
| Property Costs |
394,771 |
394,771 |
119,790 |
| Bank charges |
6,321 |
6,321 |
6,408 |
| Land agent fees |
73,917 |
73,917 |
35,519 |
| Other accounting services |
16,283 |
16,283 |
11,502 |
| Governance costs |
19,221 |
19,221 |
13,098 |
| Total 2021 |
1,694,249 |
1,694,249 |
1,055,557 |
| Total 2020 |
1,055,557 |
1,055,557 |
|
|
2021 |
2020 |
|
£ |
£ |
| Fees payable to the Group's auditor for the audit of the Group's annual |
|
|
| accounts |
15,000 |
14,305 |
| Fees payable to the Group's auditor in respect of: |
|
|
| All non-audit services not included above |
2,200 |
2,095 |
|
Group |
Group |
Foundation |
Foundation |
|
2021 |
2020 |
2021 |
2020 |
|
£ |
£ |
£ |
£ |
| Wages and salaries |
1,066,098 |
883,960 |
375,248 |
357,772 |
| Social security costs |
69,705 |
70,260 |
22,885 |
24,023 |
| Contribution to defined contribution pension |
|
|
|
|
| schemes |
67,538 |
50,924 |
41,419 |
25,991 |
|
1,203,341 |
1,005,144 |
439,552 |
407,786 |
|
Group |
Group |
|
2021 |
2020 |
|
No. |
No. |
| Charity |
12 |
7 |
| Trading subsidiary |
42 |
41 |
|
54 |
48 |
|
|
Group |
Group |
|
|
2021 |
2020 |
|
|
No. |
No. |
| In the band £80,001 |
- £90,000 |
1 |
1 |
|
Plant and |
Motor |
Fixtures and |
Office |
|
|
machinery |
vehicles |
fittings |
equipment |
Total |
|
£ |
£ |
£ |
£ |
£ |
| Cost or valuation |
|
|
|
|
|
| At 1 January 2021 |
1,313,752 |
42,100 |
207,549 |
137,240 |
1,700,641 |
| Additions |
830 |
|
|
|
830 |
| At 31 December 2021 |
1,314,582 |
42,100 |
207,549 |
137,240 |
1,701,471 |
| Depreciation |
|
|
|
|
|
| At 1 January 2021 |
1,087,444 |
35,499 |
203,029 |
137,240 |
1,463,212 |
| Charge for the year |
72,047 |
3,243 |
2,204 |
|
77,494 |
| At 31 December 2021 |
1,159,491 |
38,742 |
205,233 |
137,240 |
1,540,706 |
| Net book value |
|
|
|
|
|
| At 31 December 2021 |
155,091 |
3,358 |
2,316 |
- |
160,765 |
| At 31 December 2020 |
226,308 |
6,601 |
4,520 |
- |
237,429 |
|
Plant and |
Office |
|
|
machinery |
equipment |
Total |
|
£ |
£ |
£ |
| Cost or valuation |
|
|
|
| At 1 January 2021 |
465,571 |
137,240 |
602,811 |
| At 31 December 2021 |
465,571 |
137,240 |
602,811 |
| Depreciation |
|
|
|
| At 1 January 2021 |
396,324 |
137,240 |
533,564 |
| Charge for the year |
14,875 |
- |
14,875 |
| At 31 December 2021 |
411,199 |
137,240 |
548,439 |
| Net book value |
|
|
|
| At 31 December 2021 |
54,372 |
- |
54,372 |
| At 31 December 2020 |
69,247 |
- |
69,247 |
|
Land and |
|
|
|
Buildings |
Chattels |
Total |
|
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
| Carrying value at 1 January 2021 |
3,035,000 |
5,342,942 |
8,377,942 |
| At 31 December 2019 |
3,035,000 |
5,342,942 |
8,377,942 |
| NOTES TO THE FINANCIAL STATEMENTS |
|
| FOR THE YEAR ENDED 31 DECEMBER 2021 |
|
| 16. Fixed asset investments |
|
|
Listed |
|
securities |
| Group |
£ |
| Cost or valuation |
|
| At 1 January 2021 |
8,696,953 |
| Income |
188,993 |
| Cash withdrawn |
(338,993) |
| Net revaluation |
1,105,388 |
| At 31 December 2021 |
9,652,341 |
| Net book value |
|
| At 31 December 2021 |
9,652,341 |
| At 31 December 2020 |
8,696,953 |
|
Investments |
|
|
|
in |
|
|
|
subsidiary |
Listed |
|
|
companies |
securities |
Total |
| Foundation |
£ |
£ |
£ |
| Cost or valuation |
|
|
|
| At 1 January 2021 |
80,000 |
8,696,953 |
8,776,953 |
| Income |
- |
188,993 |
188,993 |
| Cash withdrawn |
- |
(338,993) |
(338,993) |
| Net revaluation |
- |
1,105,388 |
1,105,388 |
| At 31 December 2021 |
80,000 |
9,652,341 |
9,732,341 |
| Net book value |
|
|
|
| At 31 December 2021 |
80,000 |
9,652,341 |
9,732,341 |
| At 31 December 2020 |
80,000 |
8,696,953 |
8,776,953 |
| Names |
Company |
Holding Included in |
|
number |
consolidation |
| Weston Park Enterprises |
01970692 |
100% Yes |
| The financial results of the subsidiaries for the year were: |
The financial results of the subsidiaries for the year were: |
|
|
|
| Names |
**Income ** |
Expenditure |
**Profit/(Loss ** |
Net assets |
|
£ |
£ |
)/ Surplus/ |
£ |
|
|
|
(Deficit) for |
|
|
|
|
the year |
|
|
|
|
£ |
|
| Weston Park Enterprises |
1,963,408 |
1,482,544 |
480,864 |
691,889 |
|
Group |
Group |
Foundation |
Foundation |
|
2021 |
2020 |
2021 |
2020 |
|
£ |
£ |
£ |
£ |
| Raw materials |
38,646 |
24,025 |
3,575 |
3,493 |
|
Group |
Group |
Foundation |
Foundation |
|
2021 |
2020 |
2021 |
2020 |
|
£ |
£ |
£ |
£ |
| Due within one year |
|
|
|
|
| Trade debtors |
145,450 |
22,864 |
12,957 |
4,914 |
| Other debtors |
44,567 |
45,332 |
44,567 |
20,945 |
| Prepayments and accrued income |
40,595 |
80,023 |
12,269 |
12,041 |
|
230,612 |
148,219 |
69,793 |
37,900 |
|
|
Group |
Group |
Foundation |
Foundation |
|
|
2021 |
2020 |
2021 |
2020 |
|
|
£ |
£ |
£ |
£ |
|
Payments received on account |
235,647 |
229,475 |
- |
- |
|
Trade creditors |
174,775 |
196,787 |
57,064 |
63,824 |
|
Amounts owed to group undertakings |
- |
- |
117,868 |
170,263 |
|
Other taxation and social security |
81,908 |
17,382 |
- |
- |
|
Obligations under finance lease and hire |
|
|
|
|
|
purchase contracts |
18,106 |
17,153 |
18,106 |
17,153 |
|
Othercreditors |
6,659 |
1,095 |
- |
- |
|
Accruals and deferred income |
259,868 |
180,092 |
120,151 |
151,056 |
|
|
776,963 |
641,984 |
313,189 |
402,296 |
| 20. |
Creditors: Amounts falling due after more than one year |
|
|
|
|
|
|
Group |
Group |
Foundation |
Foundation |
|
|
2021 |
2020 |
2021 |
2020 |
|
|
£ |
£ |
£ |
£ |
|
Net obligations under finance lease and hire |
|
|
|
|
|
purchase contracts |
2,645 |
19,161 |
2,645 |
19,161 |
|
|
|
|
|
|
Balance at |
|
Balance at 1 |
|
|
|
|
31 |
|
January |
|
|
Transfers |
Gains/ |
December |
|
2021 |
Income |
Expenditure |
in/out |
(Losses) |
2021 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Designated |
|
|
|
|
|
|
| funds |
|
|
|
|
|
|
| Lady Anne Fund |
|
|
|
|
|
|
| - Ongoing |
|
|
|
|
|
|
| maintenance of |
|
|
|
|
|
|
| Memorial |
|
|
|
|
|
|
| Gardens |
136,788 |
|
(7,284) |
|
|
129,504 |
| Arts Council |
126,645 |
92,507 |
(219,152) |
- |
- |
- |
|
263,433 |
92,507 |
(226,436) |
- |
- |
129,504 |
| General funds |
|
|
|
|
|
|
| General Funds - |
|
|
|
|
|
|
| all funds |
360,154 |
2,557,240 |
(2,855,203) |
338,752 |
|
400,943 |
| Fund B - |
|
|
|
|
|
|
| unrestricted |
507,887 |
15,537 |
- |
(21,628) |
88,951 |
590,747 |
|
868,041 |
2,572,777 |
(2,855,203) |
317,124 |
88,951 |
991,690 |
| Total |
|
|
|
|
|
|
| Unrestricted |
|
|
|
|
|
|
| funds |
1,131,474 |
2,665,284 |
(3,081,639) |
317,124 |
88,951 |
1,121,194 |
| Endowment |
|
|
|
|
|
|
| funds |
|
|
|
|
|
|
| Endowment |
|
|
|
|
|
|
| Fund A |
3,682,746 |
78,162 |
- |
(177,762) |
461,547 |
4,044,693 |
| Endowment |
|
|
|
|
|
|
| Fund C |
2,472,227 |
53,420 |
- |
(80,420) |
315,159 |
2,760,386 |
| Endowment |
|
|
|
|
|
|
| Fund B |
2,033,852 |
41,874 |
|
(58,942) |
239,731 |
2,256,515 |
| Heritage Assets |
8,377,942 |
- |
- |
- |
- |
8,377,942 |
|
16,566,767 |
173,456 |
- |
(317,124) |
1,016,437 |
17,439,536 |
| Restricted |
|
|
|
|
|
|
| funds |
|
|
|
|
|
|
| Historic England |
- |
25,000 |
(25,000) |
- |
- |
- |
| Severn Trent |
- |
5,000 |
(5,000) |
- |
- |
- |
| Kickstart |
- |
5,898 |
(5,898) |
= |
- |
- |
| Historic England |
|
|
|
|
|
|
| - Roof project |
- |
243,200 |
(93,448) |
- |
- |
149,752 |
|
- |
279,098 |
(129,346) |
- |
- |
149,752 |
| Total of funds |
17,698,241 |
3,117,838 |
(3,210,985) |
- |
1,105,388 |
18,710,482 |
|
|
|
|
|
|
Balance at |
|
Balance at |
|
|
|
|
31 |
|
1 January |
|
|
Transfers |
Gains/ |
December |
|
2020 |
Income |
Expenditure |
in/out |
(Losses) |
2020 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| Designated |
|
|
|
|
|
|
| funds |
|
|
|
|
|
|
| Designated |
|
|
|
|
|
|
| funds |
|
|
|
|
|
|
| Lady Anne Fund |
|
|
|
|
|
|
| - Creation and |
|
|
|
|
|
|
| restoration of |
|
|
|
|
|
|
| Memorial |
|
|
|
|
|
|
| Gardens |
9,325 |
|
(9,325) |
|
|
|
| Lady Anne Fund |
|
|
|
|
|
|
| - Ongoing |
|
|
|
|
|
|
| maintenance of |
|
|
|
|
|
|
| Memorial |
|
|
|
|
|
|
| Gardens |
144,072 |
|
(7,284) |
|
|
136,788 |
| Arts Council |
- |
225,000 |
(98,355) |
- |
- |
126,645 |
|
153,397 |
225,000 |
(114,964) |
- |
- |
263,433 |
| General funds |
|
|
|
|
|
|
| General Funds - |
|
|
|
|
|
|
| all funds |
110,029 |
1,446,627 |
(1,911,835) |
715,333 |
|
360,154 |
| Fund B - |
|
|
|
|
|
|
| unrestricted |
494,640 |
11,335 |
- |
(38,766) |
40,678 |
507,887 |
|
604,669 |
1,457,962 |
(1,911,835) |
676,567 |
40,678 |
868,041 |
| Total |
|
|
|
|
|
|
| Unrestricted |
|
|
|
|
|
|
| funds |
758,066 |
1,682,962 |
(2,026,799) |
676,567 |
40,678 |
1,131,474 |
| Endowment |
|
|
|
|
|
|
| funds |
|
|
|
|
|
|
| Endowment |
|
|
|
|
|
|
| Fund A |
3,654,259 |
77,651 |
- |
(306,681) |
257,517 |
3,682,746 |
| Endowment |
|
|
|
|
|
|
| Fund C |
2,490,296 |
53,784 |
|
(210,366) |
138,513 |
2,472,227 |
| Endowment |
|
|
|
|
|
|
| Fund B |
2,035,403 |
46,526 |
- |
(159,520) |
111,443 |
2,033,852 |
| Heritage Assets |
8,377,942 |
- |
- |
- |
- |
8,377,942 |
|
16,557,900 |
177,961 |
|
(676,567) |
507,473 |
16,566,767 |
| Total of funds |
17,315,966 |
1,860,923 |
(2,026,799) |
|
548,151 |
17,698,241 |
|
Endowment |
Restricted |
Unrestricted |
Total |
|
funds |
funds |
funds |
funds |
|
2021 |
2021 |
2021 |
2021 |
|
£ |
£ |
£ |
£ |
| Tangible fixed assets |
- |
- |
160,765 |
160,765 |
| Fixed asset investments |
9,061,594 |
- |
590,747 |
9,652,341 |
| Heritage assets |
8,377,942 |
- |
- |
8,377,942 |
| Current assets |
- |
149,752 |
1,149,290 |
1,299,042 |
| Creditors due within one year |
- |
- |
(776,963) |
(776,963) |
| Creditors due in more than one year |
- |
- |
(2,645) |
(2,645) |
| Total |
17,439,536 |
149,752 |
1,121,194 |
18,710,482 |
|
Endowment |
Unrestricted |
Total |
|
funds |
funds |
funds |
|
2020 |
2020 |
2020 |
|
£ |
£ |
£ |
| Tangible fixed assets |
- |
237,429 |
237,429 |
| Fixed asset investments |
8,188,825 |
508,129 |
8,696,954 |
| Heritage assets |
8,377,942 |
- |
8,377,942 |
| Current assets |
- |
1,047,061 |
1,047,061 |
| Creditors due within one year |
- |
(641,984) |
(641,984) |
| Creditors due in more than one year |
- |
(19,161) |
(19,161) |
| Ttl |
16,566,767 |
1,131,474 |
17,698,241 |
|
Group |
Group |
|
2021 |
2020 |
|
£ |
£ |
| Net income for the year (as per Statement of Financial Activities) |
1,012,241 |
382,275 |
| Adjustments for: |
|
|
| Depreciation charges |
77,494 |
72,429 |
| Loss on the sale of fixed assets |
- |
1,170 |
| Increase in stocks |
(14,621) |
(6,314) |
| Decrease/(increase) in debtors |
(82,393) |
150,160 |
| Increase/(decrease) in creditors |
118,463 |
(19,235) |
| Net cash provided by operating activities |
1,111,184 |
580,485 |
|
Group |
Group |
|
2021 |
2020 |
|
£ |
£ |
| Cash in hand |
1,029,784 |
874,817 |
| Total cash and cash equivalents |
1,029,784 |
874,817 |
|
At 1 |
|
At 31 |
|
January |
|
December |
|
2021 |
Cash flows |
2021 |
|
|
£ |
£ |
|
£ |
|
|
| Cash at bank and in hand |
874,817 |
154,967 |
1,029,784 |
| Finance leases |
(36,314) |
15,563 |
(20,751) |
|
838,503 |
170,530 |
1,009,033 |