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##
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##
##
|Risk||||||||Owner|MitigaUen|
|---|---|---|---|---|---|---|---|---|---|
|Ca|e|||||||||
|Operational||Inability|to recruit and retain|||||Board/|Regular benchmarking
ofpay|
|||appropriately||qualified
stalf and loss of||||Director|rates;
appraisal
system
to|
|||key personnel||temporarily||or|||capture stalf feedback.|
|||permanently|||||||Able to make
use of casual|
||||||||||stafFto fill temporarily
vacant|
||||||||||posts where possible.|
||||||||||Annual
review
of
pay.|
||||||||||Implementation
of appraisal|
||||||||||system
and
subsequent|
||||||||||identification
of
training|
||||||||||needs. Access to LCC online|
||||||||||training
in
place.
JDs|
||||||||||reviewed
prior
to
any|
||||||||||recruitment.|
|Operational||Terrorism|-threat to||life and property|||Director|Regular
liaison
with
police.|
|||from the|actions ofextremists.||||||Additional
measures
put
in|
||||||||||place for high-risk events.|
||||||||||Emergency
Plan
reviewed|
||||||||||July 2021.|
|Financial||Rising costs (e.g. fuel, energy, cost of||||||Director|Regular
reviews
of
Trust|
|||living) impact||on Trust's operating|||costs||suppliers
and
prices
paid to|
|||and/or
visitor||spend
habits|||||ensure
best value
achieved;|
||||||||||re ular monitorin
of income|
##
##
|REPORT|OFTHE TRU|STEES F|ORTHE YEAR EN|DED 32 MAR|CH 2022 (CONTINUED)|
|---|---|---|---|---|---|
||||||(car
parking,
cafe)
to|
||||||understand
visitor trends.|
||||||Consider
alternative
cost|
||||||savings
measures
that could|
||||||be implemented
ifcore costs|
||||||I'Isa.|
||||||Ensure
park
remains
an|
||||||attractive
prospect to visitors|
||||||reasonable
parking|
||||||charges,
events 8 activities|
||||||on offer, suitable cafe menu.|
|Operational|Safeguarding|- failure|to comply with|Director /|Safeguarding
policies|
||Government|guidance|for charities lt|Board|adopted
2020 and
reviewed|
||Trustees-||||2022.|
||https://www.|gov.uk/guidance/safeguardi|||Ensure
all staff and Trustees|
||ng-for-charities-and-trustees||||are
aware
of
policies
and|
||||||receive appropriate
training.|
||||||Raise staff awareness
so that|
||||||any concerns are highlighted|
||||||as soon as they arise.|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||ACCOUNT)|FORTHE|YEAR ENDED 3|2 MARCH 202|2||
|---|---|---|---|---|---|---|
||||Unreslrlclad|Restricted|Tolal|Total|
||||funds|funds|2022|2021|
|||Notes|E|F.|||
|Income from:|||||||
|Donations
and legacies||4|124,879|17,600|142,479|151,181|
|Charitable
activities||5|1,560,684|3,779|1,564,463|1,625,672|
|Investment
income||6|106,452||106,452|76,828|
|Other income||7|25,900||25,900|4,885|
|Total|||1,817,915|21,379|1,839,294|1,858,566|
|~xpendlture
on:|||||||
|Charitable
activities:|||||||
|Visitor Services|||976,332|11,908|988,240|891,930|
|Estate Maintenance|and Management||601,283|11,360|612,643|539,217|
|Total||8|1,577,615|23,268|1,600,883|1,431,147|
|Net gains on investment|properties|14|||||
|Net income/(expenditure)|||240,300|(1,889)|238,411|427,419|
|Other reco0nlsed (losses)/gains|||||||
|Actuarial
(losses)/gains|on defined|benefit|||||
|pension scheme||18|285,000||285,000|(237,000)|
|Net movement
in funds|||525,300|(1,889)|523,411|190,419|
|ReconcElatlon offunds|||||||
|Total funds brought
forward|||700,865|224,769|925,634|735,215|
|Tolal funds cerned forward|||1,226,165|222,880|1,449,045|925,634|
||||31March|31March|
|---|---|---|---|---|
||||2022|2021|
||||f.|E|
|Fixed assets|||||
|Tangible assets
Heritage assets
Investment
properties||13
13
14|188,160
454,916
275,000|145,079
426,047
510,000|
|Total fixed assets|||918,076|1,081,126|
|Cutsent assets|||||
|Stocks||15|58,690|75,726|
|Debtors||16|27,724|11,360|
|Cash at bank and in hand|||1,139,115|717,733|
|Total current assets|||1,225,529|804,819|
|Current SahSIHes|||||
|Creditors: Amounts|falling||||
|due within one year||17|(112,560)|(107,311)|
|Net current assets|||1,112,969|697,508|
|Total assela less|cunent liahiliHes excluding||||
|pension llahgltf|||2,031(045|1,778,634|
|Defined benefit pension|||||
|scheme
liability||18|(582,000)|(853,000)|
|Total net assets|||1,449,045|925,634|
|The funds ofthe
Restricted funds|chatfty|19|222,880|224,769|
|Unrestricted
funds|||||
|- Designated
funds
—General funds|||643,406
1,164,759|505,984
1,047,881|
|- Pension reserve|||(582,000)|(853,000)|
|Tots I unrestricted|funds|19|1,226,165|700,865|
|Total chadtY funds|||1,449,045|925,634|
##
##
|||||2022||2022|
|---|---|---|---|---|---|---|
||||E|E|E|E|
|Cash flows flem operating
lfstcash pruvhfsd/trrsud)|activities:
rn||||||
|opsrurinp
Bc&tftAw||22||191,260||429,794|
|Cash flows from Investing|||||||
|acgvitles:|||||||
|Investment
income|||106,452||76,828||
|Proceeds from the sale oftangible|||||||
|assets|||30,900||4,885||
|Proceeeds from the sale of investment|||||||
|properties|||230,000||||
|Purchase oftangible
and heritage assets|||(137,230)||(28,190)||
|ffetcash provided by
investrng
acthdtfw||||230,122||53,523|
|Change In Cash and cash equivalents|||||||
|In the mportlng
period||||421,382||483,317|
|Cash and cash equivalents|atthe||||||
|beginning ofthe ruporgng|period|||717,733||234,416|
|Cash and cash equivalents|atthe||||||
|end ofthe reporting
period||||1,139,115||717,733|
##
##
##
##
##
##
##
##
##
##
##
##
##
#
##
##
##
##
##
##
##
##
##
|||FORTHE Y|EAR|ENDED 21MA|RCH 2022 (CONTINU|ED)||
|---|---|---|---|---|---|---|---|
|||||||Unrwdric}nd|fisnde|
|7.|Other income|||||2022|2021|
|||||||F.||
||Sale offixed|assets||||25,900|4,885|
|8.|ExpendRuru|Analyeis||||||
||Charitable|AcUv}Uee||||||
||||||Estate|||
|||||Y}eRer|Maintenance
and|Total|Total|
|||||Services|Management|2022|2021|
|||||E||E|E|
||Staff costs (see note 10)|||529,060|284,878|813,938|801,548|
||Other direct|costs||267,653|228,001|495,654|360,285|
||Support costs (see note 9)|||191,527|99,764|291,291|269,314|
|||||988,240|612,643|1,600,883|1,431,147|
|9.|Anal}rale efsupport coals|||||||
||||||Estate|||
|||||Via}ter
Services|Maintenance
and
Management|Total
2022|Telnl
2021|
|||||E|E|E|E|
||Electricity, water and rates|||61,392|15,348|76,740|50,322|
||Insurance,
administration||and|||||
||overheads|||81,450|44,577|126,027|1'}3,188|
||Depreciation|||32,640|32,640|65,280|58,682|
||Pension finance cost|||11,050|5,950|17,000|14,000|
||Governance|costs||4,995|1,249|6,244|3,122|
|||||191,527|99,764|291,291|269,314|
##
##
##
##
##
|Net Income/(expenditure)||||
|---|---|---|---|
|This is arrived
aRer charging/(crediting):-||2022|2022|
|||E|E|
|Depreciation ofowned fixed tangible
and heritage assets||65,280|58,682|
|Profit on disposal offixed tangible assets||(25,900)|(4,885)|
|Operating
rentals receivables||(67,100)|(27,305)|
|Operating
rentals payable
Net interest on defined
benefit pension|liability|2,073
17,000|1,209
14,000|
|Non-audit fees bourne
by the charity||1,500|5,750|
##
##
|ils ofassets owned
by the|Charity are|given|bel|ow:||||
|---|---|---|---|---|---|---|---|
|||||||2022|2022|
|Heritage assess:||||||||
|Land
(acres)
comprising|Bradgate|Park|and|Swithland|Wood|1,289|1,289|
|Country
Park and associated|protective|cordon||of agricultural|land|||
|and woodland.||||||||
|Buildings:||||||||
|Deer Barn Buildings||||||1||
|Ruins of Bradgate House||||||1||
|Old 3ohn Tower||||||1||
|Yeomanry
War Memorial||||||1||
|Country
Park Tea Room it Shop||||||1||
|Toilet Blocks||||||3||
|Residenbal
Properties||||||4||
|Assela capltaEsed||||||||
|Vehicles||||||||
|Residential
properties||||||||
##
##
|The investment
property
comprises one property
h
party. One property
was sold during the year.|eld
by the charity
which
is leased to a third|
|---|---|
||E|
|At 1April 2021|510,000|
|Disposals|(235,000)|
|At 31 March 2022|275,000|
##
##
##
|15.|Stnchs|||||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||E||
||Deer herd|||||44,605|47,138|
||Stock for|resale||||14,085|28,588|
|||||||58,690|75,726|
|16.|Debhno|||||||
|||||||2022|2021|
|||||||E|E|
||Trade debtors|||||11,748|6,239|
||Other debtors|||||15,976|5,121|
|||||||27,724|11,360|
||Trade debtors are||stated after a bad debt provision of anil (2021:anil).|||||
|17.|Cteditorst
Amounts||||falling due within one year|||
|||||||2022|2021|
|||||||E|E|
||Trade creditors|||||45,122|51,140|
||Taxes and social secudty|||||31,778|19,082|
||Accruals and deferred||||income|35,660|37,089|
|||||||112,560|107,311|
|||||||2022|2021|
|||||||E||
||Defamed|income||||||
||Deferred|income at||1|April 2021|553|4,582|
||Resources|deferred||in|the year|5,842|553|
||Amounts|released|from previous years|||(553)|(4,582)|
||Deferred|income at 31 March 2022||||5,842|553|
##
##
##
##
|present value ofthe|defi|ned|ben|elit obli|gatio|n.||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021|
|||||||||ear|Sb|
|Discount rate||||||||2.7|2.0|
|Future expected rate
Future expected rate|of
of|increase
increase||of pensions
in saladies||||3.2
3.7|2.9
3.4|
|Hortali ty assumptions||||||||||
|The average
life expectancy|||for a pensioner|||retiring|at 65 on|the reporting
date is:||
|||||||||2022|2021|
|||||||||Years|Years|
|Retiring today
- Males||||||||21.5|21.7|
|- Females||||||||24.0|24.2|
|Retiring
in 20 years
- Males||||||||22.4|22.6|
|- Females||||||||25.7|25.9|
|Amounts
recognised|in|the|Statement||of Financial||Activities|in respect of the defined|benefit|
|scheme are as follows:||||||||||
|||||||||2022|2021|
|||||||||E|E|
|Net interest on defined||benefit liabilities||||||17,000|14,000|
|Current service cost||||||||49,000|30,000|
|||||||||66,000|44,000|
##
##
##
|defined
benefit plans are|as foll|ows:|||||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||||E|
|Present value ofdefined|benefit|obligations|||(1,998,000)|(2,128,000)|
|Fair value of plan assets|||||1,416,000|1,275,000|
|Deficit in scheme|||||(582,000)|(853,000)|
|Movements
in the present|value|ofdefined|benefit|obligations;|||
|Liabilities at 1April 2021||||||2,128,000|
|Current service cost||||||49,000|
|Interest cost||||||42,000|
|Contributions
by scheme|participants|||||6,000|
|Benefits paid||||||(65,000)|
|Actuarial
gains||||||(162,000)|
|Liabilities at 31 March 2022||||||1,998,000|
|Movements
in the fair value of plan assets:|||||||
|Fair value ofassets at 1April 2021||||||1,275,000|
|Interest income||||||25,000|
|Return
on plan assets (excluding||amounts|included|in net interest)||123,000|
|Contributions
by scheme|participants|||||6,000|
|Benefits paid||||||(65,000)|
|Contributions
by the employer||||||52,000|
|Fair value ofassets at 31March||2022||||1,416,000|
|The charity's
share ofthe scheme assets at th|e reporting
date were as follows:||
|---|---|---|
||2022|2021|
||E|E|
|Equity instruments|835,440|777,750|
|Bonds|410,640|331,500|
|Property|113,280|89,250|
|Cash|56,640|76,500|
|Total fair value ofassets|1,416,000|1,275,000|
##
##
|Reconciliation
and an|alysis|of movement|offunds fo|r the year ended|31March 202|2:|
|---|---|---|---|---|---|---|
||||||Pension|Balance at|
||Balance at|||Gains Erfund||31March|
||IAprB 2022||Income|Expenditure|tsunsfesu|2022|
|||E|E|E|E||
|Restricted lUnds|||||||
|Heritage
fund||110,000||||110,000|
|Leicester Rotary||55,125||(10,500)||44,625|
|TS Shipman||4,897||(933)||3,964|
|Biffa Grant||26,250||(5,000)||21,250|
|Big Lottery fund||197||||197|
|Life Long Learning
fund||28,300||(166)||28,134|
|Severn Trent Woodland|||||||
|Workshop
Grant
Waddlikutes
Field|||3,779
17,600|(3,779)
(2,890)||14,710|
|Total restricted
funds||224,769|21,379|(23,268)||222,880|
|Unreslhcted
funds|||||||
|DeslBnated funds:|||||||
|Development
fund
Vehicles renewals
fund||123,637
137,627|1,031
30,969|(63,607)
(29,995)|228,888|289(949
138,601|
|Equipment
renewals|fund|54,468|27|||54,495|
|Property
maintenance
fund||34,796|40|(14,745)|60,000|80,091|
|Memorial
Wood|||||||
|Development
fund||155,456|59,416|(27,714)||187,158|
|Emergency
expenditure
fund|||||122,000|122,000|
|Total designated
fund||505,984|91,483|(136,061)|410,888|872,294|
|General funds:|||||||
|Revenue
reserve||503,613|1,726,432|(1,427,554)|(134,468)|668,023|
|Fixed asset revaluation||496,736|||(228,888)|267,848|
|Capital financing||47,532|||(47,532)||
|Total general funds||1,047,881|1,726,432|(1,427,554)|(410,888)|935,871|
|Pension
reserve||(853,000)||(14,000)|285,000|(582,000)|
|Total unrestricted
funds||700,885|1,817,915|(1,577,615)|285,000|1,226,165|
|Total charity funds||925,634|1,839,294|(1,600,883)|285,000|1,449,045|
##
##
##
##
##
##
##
##
##
##
##
##
||||||||
|---|---|---|---|---|---|---|
|prior year|||||Pension|Balance at|
||Balance at
1April 2020||Income|gains Srfund
Expenditure
transfers||31March
2021|
|||d|||E|E|
|Restricted funds|||||||
|Heritage
fund||110,000||||110,000|
|Leicester Rotary||65,625||(10,500)||55,125|
|TS Shipman||5,830||(933)||4,897|
|Biffa Grant||31,250||(5,000)||26,250|
|Big Lottery Fund||197||||197|
|Life Long Learning|Fund|28,300||||28,300|
|Total restricted
funds
Un~ funds||241,202||(16,433)||224,769|
|Designated funds:|||||||
|Development
fund||121,357|2,280|||123,637|
|Vehicles renewals
fund||132,673|4,954|||137,627|
|Equipment
renewals|fund|54,441|27|||54,468|
|Property
maintenance|||||||
|fund||42,427|17|(7,648)||34,796|
|Memorial
Wood|||||||
|Development
fund||124,789|56,620|(25,953)||155,456|
|Total designated
fund||475,687|63,898|(33,601)||505,984|
|General funds:|||||||
|Revenue reserve||96,058|1,794,668|(1,387,113)||503,613|
|Fixed asset revaluation||496,736||||496,736|
|Capital financing||47,532||||47,532|
|Total general
funds||640,326|1,794,668|(1,387,113)||1,047,881|
|Pension reserve||(622,000)||6,000|(237,000)|(853,000)|
|Total unrestricted
funds||494,013|1,858,566|(1,414,714)|(237,000)|700,885|
|Total charity funds||735,215|1,858,566|(1,431,147)|(237,000)|925,634|
##
##
|Analysis ofn|et assets|hetareen|funds||||
|---|---|---|---|---|---|---|
||||Restricted|DeslSnated|Geneml||
||||funds|funds|fund|Total|
||||E|E|E|E|
|Fund balances|at 31March 2022||||||
|are represented|by:||||||
|Fixed assets|||179,839||738,237|918,076|
|Net current assets|||43,041|643,406|426,522|1,112,969|
|Defined benefit|pension|scheme|||||
|liability|||||(582,000)|(582,000)|
||||222,880|643,406|582,759|1,449,045|
||||Restricted
funds|Designated
funds|General
fund|Total|
||||E|F.|F.|F.|
|Fund balances|at 31 March 2021||||||
|are represented|by:||||||
|Fixed assets|||196,272||884,854|1,081,126|
|Net current assets|||28,497|505,984|163,027|697,508|
|Defined benefit|pension|scheme|||||
|liability|||||(853,000)|(853,000)|
||||224,769|505,984|194,881|925,634|
##
##
|The to|tal fu|ture
minimum
lease payments
und|er non-cancellable
operating
leases are|as follows:|
|---|---|---|---|---|
||||2022|2021|
||||E|E|
|Within|one|year|2,073|2,073|
|Within|2-5|years|864|2,937|
||||2,937|5,010|
##
|At the year end, the charity had contracted
wit
leases, for the following
future
minimum
lease|h tenants,
under non-cancellable
operat
payments:|ing|
|---|---|---|
||2022|2021|
|Amounts
receivable:|E|E|
|Within one year|22,500||
|Within 2-5 years|73,125||
||95,625||
##
##
##
##
|FORTHE|FORTHE|FORTHE|YEAR ENDED 31MARCH 2022 (CONTIN|YEAR ENDED 31MARCH 2022 (CONTIN|UED)||
|---|---|---|---|---|---|---|
|24.
Shdnment ofFlnandal|||Acthddes forthe year ended 31March||2021||
|||||Unrestricted|Restricted||
|||||fnnds|fends|Total|
|||||E|E|E|
|Income from:|||||||
|Donations
and legacies||||151,181||151,181|
|Charitable
activities||||1,625,672||1,625,672|
|Investment
income||||76,828||76,828|
|Other income||||4,885||4,885|
|Total||||1,858,566||1,858,566|
|RxpendRnm on:|||||||
|Charitable
activities:|||||||
|Visitor services||||883,713|8,217|891,930|
|Estate maintenance|and|management||531,001|8,216|539,217|
|Tonal||||1,414,714|16,433|1,431 147|
|Net gains on investment|properties||||||
|Net income||||443,852|(16,433)|427,419|
|Other recognised gains|||||||
|Actuarial
gains on defined||benefit|||||
|pension scheme||||(237,000)||(237,000)|
|Net mcwement
in fUnds||||206,852|(16,433)|190,419|