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||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|





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|**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|





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|||**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_|





## 




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## 

||**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|||





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||**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_||





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||**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_|





## 

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## 

||**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_||





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||**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_|





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## 

||**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_|





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||**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_|





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||**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_|





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||**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_|





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## 

## 

|**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_|





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## 

## 

|||||||**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**|



## 

## 



## 

##