2025-03-31-accounts

REGISTERED CHARITY NUMBER: 1025044 Report of the Trustees and Financial Statements for tho Yoar Ended 31st March 2025 Omborslèy ConseNatlon Trust Richards Sandy Audit Services Limited (Statutory Auditor) Thorneloe House 25 Barboume Road Worcester WR1 1RU

Ombersley Conservation Trust Contents of the Financial Statements for tho Year Ended 31st March 2025 Pago Report of the Trustees 1 to 5 Report of the Indepandent Audltors 6 to 7 Statement of Flnancial Activities Balance Sheet Cash Flow Statement 10 Notes to th• Cash Flow Statsment 11 Notes to the Flnancial Statements 12 to 21

OmborJley Conservation Trust Report of the Trustees for the Year Ended 31st March 2025 The trustees prèsent their report with the financial stateménts of the charity for the year ended 315t March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of R8commended Practice applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Objectives and A¢tivitles The oblects of the Gharlty are charitabl8 PUTposes generally and in particular for the publi¢ benefit of the inhabitants of the Parishes of Ombersley, Uphampton and Doverdale in the County of Worcestershire I the Parishes") and the areas adjacent thereto. The trustees confimi that they have complied with the duty in section 17151 of the Charities Act 2011 to have due regard to guidance on publiG benefft published by the Charity Commission. The objects are: To promote, facilitate, assist and undertake the conservation of land and buildings of beauty or historic, architectural or other intèrest or importance and in particular buildings of architectural or other interest or importance and lands of aeslhetic, ecological or of other scientific interest or importanc8 Wlthin the Parishes and the areas adjacent thereto., To protect, preseNe and improve the rural and visual ¢haracter and the amenities of the Parishes and the areas adjacent thereto which are of beauty, historic or architectural or other interest or importanGe,' 3 To provide, in the interest of social welfare, facilities for recreation or other leisure time occupation for the inhabitants of and visitors to the Parishes and the areas adjacent thereto with the purpose of improving the conditions of life to the said inhabitants and visitors- and 4 To protect, preserve and improve for the public benefit the Archives of the Manor of Ombersley and to promote, facilitate and assist in the provision of publi¢ a¢￿sS to the Archives. The trustees havé a Policy of making donations to charitable concerns of benefit to the local community. Significant activities In furtherance of the Charity's objects, the charity holds a portfolio of properties within the Parishes of Ombersley, Uphampton and Doverdale, including many Grade11 listed buildings, woodland and land made available to local sports clubs and the local school. The Charity ensures that these propertles are V￿11 maintained, including undertaking major renovation proje¢ts. During the year under review. the following activities of significance occurred:. A donation of £1.000,000 was received from the estate of the late Lord and Lady Sandys being the Sandys Trust, together with the transfer of own8rship to the charity of a number of historical art￿aCt8 associated wllh the Sandys family. The charity completed the refvrbishment of 4 Park Cottagès. a mid-tetra¢ed timber framed property. The works, which required listed building consent involv8d a new rear extension to provide a larg8r family kttchen and reorganisation of the internal layout to provide a ground floor bathroom. The project was completed and the prop8ty re-let to a local young family in the year under review. Public ben8flt The trustees confirm that they have ttimplied with their duties in section 17(51 of the 2011 Charities Act and have referred to the guidance contained in the Charity Commission's general guidance on public benefit vth8n reviewing the charity's aims and objectives and in planning future activities. Granlmaking The charity makes donations to various local charilies and community groups to fund specific projects undertaken by such organisations that relate to the objects of the charity. These indude grants paid to local sports clubs and funding renovation projects relating to land and bLbildings within the Ombersley area. The charity is also in discussions with University of Worcester about resuming funding of Sludent award prizes in the name of Lord and Lady Sandys. Page 1

Ombersley Conservatlon Trust Report of the Trusteas for the Year Ended 31st March 2025 ACHIEVEMENTS AND PERFORMANCE Charitablo activities This year has seen an increase in income of 70/4. This has been achieved through re4etting of vacant properties, together with a full year of rent re￿iVed from the 2 new properties created by subdividing Sinton Famihouse into tsvo 2 bedroom affordable properties to meet local demand. The significant principal ¢onseNation project in the year involved the re-roofing and repair of the Old Malthouse outbuilding. This grade 11 listed bam fomis a significant boundary with the church yard and is a prominent heritage asset within the conservation area. Works to the building will ensure its continued use for storage in association with the occupation of the adjacent residential property. In future, the outbuilding could be converted to other uses subject to need and the necessary consents. A small grade11 listed 2 bedroom pro￿ty was also fvlly refurbished in the year. Works involved creation of a larger family kitchen and addttion of a ground floor bathroom. Small village properties such as this are popular and the property was relet within a month of completion of the works to a local young family. The trustees have continued to meet their estste safety and environmental obligations by undertaking essenti81 tree safety works and upgrading the energy effici6ncy of properties where possible. Donations were made in the totsl sum of £52,346 which included a significant sum to Ombersley and Doverdale Parish Council for repairs to the fomi8r village weighbridge building. Also a donation to Ombersléy Church and Spire Appeal for a new tenor bell. Woodland The Trust's policy is to preserve and maintain both the woodland and individual Irees in its care to the best arboricultural stsndard because the woodlands form an important part of the Trusys heritage and landscape. Income from active management of the woodland was £28,624 (2024 - £43,361) generated from the sale of timber. Income has decreased compared to last year due to ongoing management of trees as required by the tree safety survey. Fundralslng activities The charity does not engage in any fundraising activities (as defined by Section 162A of Charities Act 2011). FINANCIAL REVIEW Finan¢lal posltlon The principal fvnding source is rent receivable from the charitys freehold properties. The settlement deed provides that the twstees have absolute discretion regarding the investment of the charivs assets provided that this is in the furtheran￿ of the charity's objectives. Total expenditure has decreased from £742.239 last year to £483,803 this year. This year th8 charity Spent £125,013 (2024 - £163,757) on general property repairs and renovation work. Other significant projects included renovations to outbuildings at The Old Malthouse. These significant projects totalled £55,342 (2024 - £ni5}. In addition, the charity spent £250,987 {2024 £620,680) on major works to various properties, ￿lch have been capitalised as investment property addilions. Pfinclpal funding sour¢es The principal funding source of the charity is rent and related income generated from leasing its land and buildings for the furtherance of the charity's objects. Programme Related Inveslment Pollcy The investment policy is to invest in propety in furtherance of the charitable aims that are also rented out. The programme of related investments include 661.54ha of farmland, 83.2ha of managed woodland. 33 houses and cottages, 21 of which are Grade11 listed or above and 4 commercial properties (all listed Grade11), all located within the parishes of Ombersley, Uphampton and Doverdale. Page 2

Ombersloy Conservatlon Trust Report of the Trustses for thè Year Ended 31st March 2025 FINANCIAL REVIEW Reserves poli¢y The trustees, policy on reseNes is to maintain sufficient funds to enable the Gharity's freehold properties to be maintained for the for&s8eable future and for the administration of the charity to be finan￿d for the next ￿1ve months. Major building Conservation projects, especially those that relate to listed buildings, require planning pemiission to be obtsined prior to Commen￿Ment of work. As a result, such projects can often tske several years to complete. The trustees have therefore not set any formal benchmark as to what levels of reseryes need to be held at any given tirne. The trustees have designated £100.000 for the archive project (the donations to the Hive for the work of the archivist) and £1 m for heritage purposes (aka possible museum). If th8 purposes for which these funds are designated does not happen (for any reason) then the funds can be re-absorbed within thè charity's general unrestri¢t8d funds. The charitys total reserves at the year end (excluding freehold property and the Ombersley Archives) amounted to £2.868,520 {2024 £1,758,227>, of which £1,100,000 (2024 £nil) were set aside as designated funds for specific projects, leaving general unrestriGted free reserves of £1,768,520 (2024 - £1,758,227). At Current expenditure levels this represents 3.7 years (2024 - 2.4 years) of expenditure. FUTIJRE PLANS The charity is now in the second year of its agre8ment with Worcestershire Archive and Archaeology Service to finance an archivist for years with the cataloguing of the Ombersley CoL5rt Archive. The total estimated cost for this two year project is £65,000. Followng the Suc￿$$fUl subdivision of Sinton Farmhouse into Iwo cottages. the trustees are exploring the potential for the conversion of nearby Sinton Bams into three residential units. STrUCTURE, GOVERNANCE AND MANAGEMENT Govémlng document The charity is ¢onststuted by a Deed of Trust dated 21 July 1993. The trust was estsblished as a charstable settlement by The Right Honourable The Lord Sandys D.L. The Ombersley Archives were transferred to the trust on 21 July 1993. F￿ehOld properties V￿re conveyed to the trust on 25 March 1994 and 31 March 1998. The incorporation of the trustee body under Part 12 of the Charities Act 2011 was completed on 16th November 2022. Recruilment and appointsnent of new trustees The appointment of new trustees and any necessary training is undertaken by the existing Trustees. Organlsational structure The charity uses Savills (UK) Limited as its managing agenl in the renting of its land and buildings to tenants. Savills (UK) Limited also provides advise to the trustees and other property related professional seNices to the charity. Decision maklng Decisions are made by the trustees after consultation with the charity's professional advisers, vtho provide commercial services to thè trust for whith a fee is charged. Mr A T Wo¢)ds. a trustee, is a consultant and provides commercial services to the trust at agreed bèlow market value Rlsk Policy The trustees regularly rèview the risks to which the charity might b8 exposed and systems or procedures have been established to manage those risks. The trustees tske professional advice on all property and investment related matters. The main risks to the charity are the risk of substantial damage to properties and the risk of tenants failing to pay rent due. The charity's principal activity is the maintenance of properties and the Gharity routinely engages professionals to advise on what building repairs are required. The charity takes out building insurance. The charity also engages professionals to assist with the collection of rent and obtsins legal assistan¢8 to pursue tenants for paymènt or obtain evidion nOti￿S when deemed necessary. REFERENCE AND ADMINISTRATIVE DETAILS Registsred Charlty number 1025044 Page 3

Omb8rsley Con$er¥atlon Trust Report of the Trustses for the Year Ended 31st March 2025 Principal address rjo Savills UK Limited 1 Jewry Street Winchester Hampshire S023 8RZ Trustees Andrew Woods Richard Williams Sir Anthony Hughes Adrian Neal (Chair) The board of trustees a body corporate und8r the name of 'The Trustees of the Ombersley Conservation Twst, are the holding trustees of all investment properties and the subsidiary. Auditors Richards Sandy Audit Services Limited (Statutory Auditor) Thorneloe House 25 Barboume Road Worcester WR11RU Sollcltors Charles Russell Speechlys LLP Compass House Lypiatt Road Cheltenham Gloucestershire GL50 2QJ Bankers Lloyds Bank PIC 4 The Cross Worcester WR13PY Managlng agents Savills (UK) Limiled 1 Jewry Street Winchester S023 8RZ Insurance Provlder NFU Mutual The Coach House Kempshott Park Dummer Basingstoke Hampshire RG25 2DB EVENTS SINCE THE END OF THE YEAR Infomiation relating to events since the end of the year is given in the notes to the financial statements. STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees are responsible for preparing the Report of the TTUStees and the financial statements in accordan￿ with applicable law and United Kingdom Accounting Standards {United lQngdom Generally Accepted Accounting practi￿}. Page 4

Ombersley Consèrvatlon Trust Report of the Trustees for the Year Ended 31st Mar¢h 2025 STATEMENT OF TRUSTEES. RESPONSIBILITIES - continued Charity law requires the trustees to prepare financial statements for each finanThal year. Under that law, the trustees have elected to prepare the financial stslements in accordance with United Kingdom Generally A￿pted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under charity law the trustees must not approve the financial ststements unless they are satisfied that they give 8 true and fair view of the state of affairs of the charity and of the incoming resources and application of resourGes, including the income and expenditure, of the charity for that period. In preparing those finanGial statements. the trustees are required to select suitsble accounting policies and then apply them consistently: observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent; state whefher applS¢able accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the finan￿al ststeménts on the going ¢oncem basis un18SS it is inappropriate to presume that the charity will continue in business. The trustees are responsible for kéeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charty 8nd to enable them to ensure that the financial statements comply with the Charities Aci 2011 and The Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of tru¥lees on ........... . and signed on ils behalf by: Andrew Woods- Trustee Page 5

Report of the Independ•nt Auditors to the Trustees of Ombersley Conservatlon Trust Oplnion Wè have audited the financial statements of Ombersley Conservation Trust (the 'charityl ft)r the year ended 31st March 2025 which comprise the Ststement of Financial Activities. the Balance Sheel, the Cash Flow Ststement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements= give a true and fair view of the state of the charity's affairs as at 31 st March 2025 and of its incoming reSoUr￿S and application of resources, for the year then ended", have been properly prepared in accordance with United Kingdom Generally AC￿pted Accounting PracticE: and have been prepared in accordants with the requirements of the Charities Act 2011. Basis for opinlon We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the finanGial stalements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial ststements in thè UK, including the FRC'S Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriatè to provide a basis for our opinion. Con¢lu$lons relating to golng concern In auditing th8 financial statements, we have concluded that the trustees, use of the going con￿r￿ basis of a¢￿untIng in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material Un￿rtaIntieS relating to events or conditions that, individually or ¢ollectively, may ¢ast significant doubt on the ¢harity's ability to continue as a going con¢em for period of at least b4velve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going con¢8rn are described in the relevant se¢tlons of this report. Other inforniatlon The trustees are responsib18 for the other infomiation. The other information comprises the information induded in the Annual Report, other than the financAal ststem8nts and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitty stated in our report, we do not express any fomi of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility IS to read the other information and. in doing so, consider vthether the other infomation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otheNise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this giv8s rise to a material misstat8ment in the financial statements themselves. If, based on the work we have perfomied, conclude that there is a material misstatsmént of this other infomation, we are required to report that facl. We have nothing to report in this regard. Matters on which wa are requir8d to report by oxceptlon We have nothing to report in respect of the following matters where the Charities (Accounts and Reports} Regulations 2008 requires us to report to you if, in our opinion= the infomiation given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or sufficient accounting records have not been kept. or the financial statements are not in agreement with the a¢￿UntIng records and retums; or we have not re￿[Ved all the infomation and explanations we require for our audit. Responsibillliès of trustees As explained more fvlly in the Statement of Trustees, Responsibiliiies, the trustees are responsibte for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees detemiine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charivs ability to continue as a going concern, disclosing, as applicable, matters related to going concem and using the going concem basis of accounting unl8SS the trustées either intend to liquidate th8 charity or to ￿ase operations, or have no realistic altemative but to do so. Page 6

Report of the Independent Audltors to the Trustees of OmbeT51oy Conser￿tIon Trust Our responsibilities for the audlt of the finan¢lal statsments We have been appointed as auditors under Section 144 of Ihe Charities Act 2011 and report in accordance wilh the Act and relevant regulations made or having effect the￿under. Our objectives are to oblain reasonable assurance about whether the financial ststements as a whole ar6 free from material misstatement. whether due to fraud or error, and to issue a Report of the Independent Audttors that indudes our opinion. Reasonable assuran￿ is a high level of assuran￿. but is not a guarantee that an audit conducted in accordance with ISAS (UIQ will always detect a material Tllissiatement when it exists. Misststements rAn arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial ststements. The extent to which our procedures are capable of detecting irregularities, induding fraud is detailed below: Obtained an underslanding of the nature of the industry and sector, induding the legal and regulatory framework that the charity operates in and how the charity is complying with the legal and regulatory framework. Inquired of management. and those charged with govemance, about their own identification and assessment of the risks and irregulatities, including known actual. suspected or alleged instan￿8 of fraud- and Discussed matters about non-compliance with laws and regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud. As a result of these prO￿dureS we consider the most significant laws and regulations that have a direct impact on the financial statements are the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accnunts in accordance with the Financial Reporting Stsndard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective 1 January 2019),, Financial Réporting Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland,, the Charities Act 2011 (and related legislation)), and laws and regulations relating to VAT legislation, specifically partial exemplion, as this is onsidered to be significant to the tharity. We perfonned audit procedures to detect non-compliances which may hav8 a m8terial impact on the financial statemenls, which included reviewing the financial statement disdosures. This includes reviewing VAT calculations for indications of material error5, including testing of the VAT treatmenl on a sample of sales and purchases. Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities, Including those leading to a material misstatement in the financial statements or nonwcompliance wlth regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected In the financial ststements, as we V￿11 be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather Ihan error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at wvm.frc.org.uklauditorsresponsibilities. This descriplion forms part of our Report of the Independent Auditors. Use of our report This report is made solely to the charivs trustees, as a body, in accordan¢e with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitys trustees those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent pemitted by law. we do not accept or assume responsibilty to anyone other than the charity and the charivs trustees as a body. for our audit work, for this report. or for the opinions we have formed. Richards Sandy Audit Service5 Limited (Statutory Auditor) Thorneloe House 25 Barboume Road Worcester WR1 1RU Date: 17..-.oi.. 2LEE.................... Page 7

OmberJley Conservation Trust ststoment of Flnancial A¢tivitles for the Yoar Ended 31st March 2025 2025 Unrestricted funds 2024 Totsl fvnds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 1,155,000 105.000 Charitabl8 actlvlties Income from properties held for charitsble purposes 745.863 899.632 Other trading activities Investment income Other income 8,176 91,044 4,162 26,051 897,736 Total 2,000,083 1,732,581 EXPENDITURE ON Raising funds 141,261 130,885 Charitable activities Property conservation projects Other historical conservation projects Grants to charitable institutions 282,638 18,531 41,373 569,934 5,184 36,436 Total 483,803 742,239 NEf INCOME 1,516,280 990,342 RECONCILIATION OF FUNDS Total fund5 brought forward 21.795.487 20,805,145 TOTAL FUNDS CARRIED FORWARD 23,311,767 21,795,487 The notes form part of these financial statements Pag8 8

Ombersley Conservation Trust Balance Sheet 31st March 2025 2025 Unrestricted fund$ 2024 Total funds Notes FIXED ASSETS Heritage assets Programme related investments 170,000 20.273,247 15,000 20,022,260 17 20,443,247 20,037,260 CURRENT ASSETS Debtors Cash at bank 18 94,241 2,924,606 105,864 1,938,638 3.018.847 2,044.502 CREDITORS Amounts falling due within one year 19 (150,327) (286,275) NET CURRENT ASSETS 2,868,520 1,758,227 TOTAL ASSETS LESS CURRENT LIABILITIES 23,311.767 21,795,487 NET ASSETS 23,311.767 21,795,487 FUNDS Unrestricted funds 21 23,311,767 21,795,487 TOTAL FUNDS 23.311.767 21,795,487 ancial ments were approved by the Board of Trustees and authorised for issu6 . and were Signed on its behalf by: on ruslee The notes form part of thes8 financial statements Page 9

Ombersley Consarvatlon Trust Cash Flow Statement for tho Year Ended 31st March 2025 202S 2024 Notes Cash flows from operating activities Cash generated from operations 1,145,911 162,257 Net cash provided by operating activities 1,145,911 162.257 Cash flows from investlng activitiès Capitalised consejvalion project work Sale of social investments in property Interest received 1250,987 (620,680) 903.591 26.051 91.044 Net cash (used inllprovided by investing activities (159.943) 308,982 Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of thg reporting period 985.968 471.219 1.938.638 1,467,419 Cash and cash equivalents at the end of th8 reporting period 2.924606 1,938,638 The notes form part of these financial statements Page 10

Ombersley Conservation Trust Notes to tho Cash Flow Statsment for the Year Ended 31st March 2025 RECONCILIATION OF NET INCOME TO NEf CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Not income for the reporting perfod las per tho Statement of Financial Activities) Adjustments for: Profft on disposal of fixed assets Interest received Donation of assets by The Sandys Trust DeCreasel{ln￿eaSe) in debtors (Decreaseyincrease in creditors 1,516,280 990,342 1897,736} (26.0511 {5,000) (46,174) 146,876 (91,1)44) 1155,000) 11,623 1135,948) Net cash provlded by 0￿ratIOnS 1,145,911 162,257 ANALYSIS OF CHANGES IN NEf FUNDS At 1.4.24 Cash flow At 31.3.25 Net cash Cash at bank 1,938,638 985.968 2,924.606 1,938,638 985,968 2,924,606 Totsl 1,938,638 985.968 2.924,606 MAJOR NON£ASH TRANSACTIONS The Sandys Trust donation of additional items to the Ombersley Archive valued at £155,00012024 - £5.000) has been accounted for as a non-cash transaction in the cash flow statement. The notes form part of these financial ststements Page11

Omborsloy Cons8Nation Trust Notes to the Financlal Statements for the Year Ended 31st March 2025 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements of tha charity, which is a public benefit entity under FRS 102, have been prepared in accordance with th8 Charities SORP {FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Ihe Financial Rèportin9 Standard applicable in the UK and Republic of Ireland (FRS 1Q2) (effective 1 January 2019),, Financial Rèporting Standard 102 The Financial Reporting Standard applicable in tha UK and Republic of Ireland, and the Charities A¢t 2011. The financial statements have been prepared under the histori¢al cost onvention. The accounts are prepared in sterting, which 1$ the functional currency. Monetary amounts in these financial ststemènts are rounded to the nearest £. EXCEPTION FROM PREPARING GROUP ACCOUNTS The charity is exempt under Charities Act 2011 from preparing group Consolidated finaneial statements on the basis that the inclusion of the subsidiary is not matérial for the putposes of giving a true and fair vièw. TANGIBLE FIXED ASSETS Any capital expenditure less than £1,000 is not considered for capitalisation. PROGRAMME RELATED INVESTMENT PROPERTY Programme ￿lated investment propety are considered to be held in order to directly further the charitable purposes of the charity and that any financial retum obtsined is not a primary reason for owning such property- such properties are accounted for as rf classed as tangible fixed assets, but are referred to in the financlal statements as programme related investment propety. Programme related investment property ar8 measured at cost less any provisions for depreciation and impairment. The trustees consider that the programme related investment propety have an indefinile useful life and any residual value is deemed greater than historical cost. Therefore no depr8ciation has been provided, on the basis that any such depreciation would be immaterial to the accounts. HERITAGE ASSETS Omb6rsley Archives ar8 measured at cost less any provisions for depreciation and impairment. The trustees c¢nsider that the Omb8rsley Archives have an indefinite useful life and any residual value is deemed greater than historical cost. Therefore no depreciation has been provided, on the basis that any such depreciation would be immaterial to the accounts. INCOME All income is recognised in the Statement of Finan¢i81 Activities On￿ the charity has entitlement to the funds, it is probable that the income will be re￿Ived and the amount can be measured reliably. Rental ino)me is re¢ognised on a straight line basis over the temi of the lease. Income from other rental servic8s provided is recognised over the period which those setvices relate. Income from the Sale of timber is recognised when the timber has been ¢ollect8d by the buyer. Income from grants and donations is recognised in the period in which the charity is entitled to re￿ipt and the amount can be measured with reasonable certainty. Income from grants is only deferred when the charity has to Ifil conditions not yel met before becoming entitled to it or where the donor has specified that the income is to be expended in a future period. Donated goods Donated goods received by the charity are measured at fair value and recognised as donation income. EXPENDITURE Liabiliti8s are recognised as 8xpenditure as soon as there is a legal or constructive obligation committing the charity lo that expenditure, il is probable that a transfer of economic benefits wll be r&quired in settlement and the amount of Ihe obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the catègory. Where costs cannol be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Page 12 continued...

Omborsley Conservatlon Trust Notes to the Flnancial Statements - continuod for the Year Ended 31st March 2025 ACCOUNTING POLICIES - continuad EXPENDITURE Resources expended on the charitable activities include the costs of maintaining and operating the charity's programme related investmenl properties and donations to local charities. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. The trustees grant local organisations from time to time services as opposed to a cash payments (induding grass cutting and other), these are considered to be grarrts as shown in note 11. ALLOCATION AND APPORTIONMENT OF COSTS Support costs are all¢xated solely to the principal charitable activity of Maintenan￿ of programme related assets. TAXATION The charity is exempt from tax on its Charitable activities. FUND ACCOUNTING All funds are unrestricted, to be used for the charity's general objects. FINANCIAL INSTRUMENTS The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 '0ther Finanual Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised when the charity becomes party to contractual provisions of the instrumenL Financial assels are offset, with the net amounts presented in the ac¢ounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Cash at bank and in hand Cash at bank and in hand includes both cash and cash equivalents (being short tsrm highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value)- Basic financial assèts Basic financial assets, which indude trade and other re￿1VableS and cash and bank balan￿s, are initially measured at transaction Pri￿ induding transaction costs and are subsequently carrted at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. where the transaction is measured at the present value of the future re￿ip1S discounted at a market rate of interest. Basic financial liabilities Basic financial liabilities, including trade and other payables, are initially recognised at tiansaction price unless the arrangement Gonstitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest. Debt instruments are subsequently carried at amortiS8d cost, using the effective interest rate method. Trade payables ar8 obligations to pay for goods or servicEs Ihat have been acquired in the ordinary course of the operations from suppliers. Accounts payable are classrfied as current liabilities if payment is due within one year or less. If not, they are presented as non<urrent liabilities. Trade payables are recognised initially at transaction cost. Page 13 continued...

Ombersley Conservation Trust Notes to the Financial Statsmonts - contlnued for the Year Ended 31st March 2025 CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY Accounting estimates and judgement are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under Ihe circumstances. Programme related investment property are considered to be held in ordèr to directly further the charitable purposes of the charity, specifically (but not limited tol in regard to the conservation of land and buildings of beauty or historic. archilectural or other interest or importance, particularly within the parishes of Ombersley. Uphampton and Doverdale. Any financial retum obtained is not a primary reason for owning such propety. Such properties are accounted for as if classed tangible fixed assets, but are referred to in the financial ststements as programme re18ted investment property. Programme related investment propety and heritage assets are nol depreciated on the basis that the trustees consider these assets to have an indefinite useful Irfe and that residual value is deemed grealer than historical ¢ost, such that any depreciation would be immaterial to the accounts. Significant judgement is applied in assessing whether major building conseNation projects undertaken by th8 charity are either capitslised or expensed to the Statement of Financial Activities. Building conseNation projects which involve significantly altering the intended use of buildings are Capitalised, for example Converting a large building into multiple smaller rentable units. Building conservation projects which only replace existing features of the building are expensed. Legal and professional fees directly attribulable to capitalised building cons8Nation projecls are included In the costs capitalised. These include legal and professional fees relating to planning permission applications prior to the commencement of work. but only when it is considered more probable than not that the building consetvation projects to which the relate will go ahead. DONATIONS AND LEGACIES 2025 2024 The Sandys TNst - cash The Sandys Trust - donated goods 1,000,000 155,000 100,000 5,000 1,155,000 105,000 During the year, The Sandys Trust transferred to the charity ownership additional items of historical Inte￿St relating to Ombersley with estimated marf(et value of £155,000. Last year, The Sandys Trust transferred to the charity ownership of the Ombersley court archive. which has an estimated market value of £5,000. The Sandys T￿st also transferred to the charity ownership of its website and intellectual propety rights relating to various publications relating to the Ombersley court archive. No value has been allocat8d to these intangible fixed assets as they do not meet the recognition criteria under FRS 102. OTHER TRADING ACTIVITIES 2025 2024 Wayleave Other income 3,120 5,056 2.882 1,280 8,176 4,162 Page 14 continued...

Ombersley Conservation Trust Notès to the Financial Statements - continued forthe Year Ended 31st March 2025 INVESTMENT INCOME 2025 2024 Bank interest received Other intsrest r￿1Ved 91.040 25,942 109 91.044 26,051 INCOME FROM CHARITABLE ACTIVITIES 2025 Income from properties held for charitable purposes 2024 Total activities Rents received Income from woodlands Insuryancè recharged 690,478 28,624 26,761 633,455 43.361 22.816 745,863 699,632 OTHER INCOME 2025 2024 Gain on sale of programme related investments 897.736 As part of the sale of property OLrt of programme related investments, the charity has also entered into an overage agreement with the buyer such that the charity may be entitled to addrtional income from the sale of the property in the future. As it is CUTrently uncertain what, rf any, addilional income will be receivable under this arrangement. no value in regard to this overage agreement has been included in the accounts. RAISING FUNDS INVESTMENT MANAGEMENT COSTS 2025 2024 Estate management fees Professional letting fees & associated costs Professional fees re tenancy matters Woodland management fees Legal fees re tenancy matters 93.751 15,679 18,851 5,399 7.581 86,884 7,611 16.422 3,655 16,113 141,261 130,685 Page 15 conlinued...

Ombersley Conservation Trust Notes to the Financlal Ststements - continued for tha Yoar Ended 31st March 2025 CHARITABLE ACTIVITIES COSTS Grant funding of activities (see note 11) Direct Costs (see note 10) Support Costs (see note 12} Totals Propety conservation projects Other historical conservation projécts Grants to charitable institutions 272,776 18,531 9,862 282,638 18,531 41,373 41,373 291,307 41,373 9,862 342,542 io. DIRECT COSTS OF CHARITABLE ACTIVITIES 2025 2024 Rates, water, light & heat Insuran Sundry General property repairs Woodland expenses Bad debt provisions Conservation of items of local historical importance Grass cutting of in-hand land Architectural, building surveying and planning application fees Environmental improvements Sustainabilty improvements Bamhall Cottage refurbishment project Old School House roof replacement project Old Rectory car park renovation project Chatt8ls storage The Old Matthouse outbuildings project 4,291 42W 14,088 46,783 108 163.757 29.246 (917) 5,184 8,941 31,026 63,629 13,454 59,644 61,784 57,359 3,347 125.013 13,156 18,531 9,662 14,217 5,353 3,259 55,342 291,307 557,433 11. GRANTS PAYABLE 2025 2024 Grants to charitable institutions 41,373 36,436 The total grants paid to institution5 during the year was as follows= 2025 2024 Ombersley Church Houses Charity Ombersley Cricket Club Ombersley & Doverdale Parish Council Ombèrsley Endowed Fitst School Ombersley Spire & Church Appeal Severn Valley Yeoman Foresters Sytchampton Endowed Sch¢)ol Memori81 field maintenance (servi￿S granted) Grants under £2.000 each 12,000 9,166 9,340 10,000 11,908 4,000 3,000 15,000 2,625 270 41,373 36,436 Page 16 continued...

Ombersley Conservation Trust Notes to the Financial Statements - Gontinued for the Year Ended 31st March 2025 12. SUPPORT COSTS Governan ¢osts Finan Totsls Propety conservation projects 9,498 9.862 Support costs. induded in the above, are a5 follows: 2025 Property conservation proje¢ts 2024 Total activities Professional fees Legal fees Bank charges Auditors, remuneration Auditors, remuneration for non audit work 3,000 6A08 400 5.768 2,109 364 6.957 2,541 9.862 17,685 13. AUDITORS. REMUNERATION 2025 2024 Fees payable to the charitys auditors for the audil of the charity's financial ststements Other non-audit seNiGes 6,957 2,541 5,768 2,109 14. TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024. TRUSTEES. EXPENSES There were no trustees. expenses paid for the year ended 31st Ma￿h 2025 nor for the year ended 31 st March 2024. 15. STAFF COSTS There were no staff employed by the charity for either the current or previous years. 16. HERITAGE ASSETS Total MARKET VALUE At 1 st April 2024 Additions 15,000 155,000 At 31st March 2025 170,000 NEf BOOKVALUE At 31st March 2025 170,000 At 31 st March 2024 15,000 The heritsge assets comprise of the Ombersley archives, which are held by Worcestershire County Council on behalf of the truslees. It is one of the objectives of the charity to protect. preserve and improve the archives of the Manor of Ombersley. All the items within the Ombersley archives were donated to the Charity and included at valuation at the time those donations were made. Page 17 continued...

Ombersley Conservation Trust Notes to the Financial Statements - continued for the Year Endod 31st March 2025 16. HERITAGE ASSETS - continued During the year, The Sandys Trust transferred to the charity ownership additional items of historical interest relating to Ombersley with estimated market value of £155.000, this has been accounted for as a donations of go¢)ds. Last year, the Sandys Trust transferred to the charity ownership of the Ombersley court archive, whiGh has been added to the collection of the Ombersley archives held by the charity. The estimated market value of the Ombersley court archive of £5.000 was accounted for as a donations of goods. FIVE-YEAR SUMMARY OF TRANSACTIONS 2025 2024 2023 2022 2021 Cost at start of year Addiiions 15.000 155.000 10,000 5,000 10,000 10,000 10,000 Cost at the yoar ond 170,000 15,000 10,000 10,000 10,000 17. PROGRAMME RELATED INVESTMENTS Land and buildings of beauty, historical or architectural importance MARKET VALUE At 1st April 2024 Additions 20,022,260 250,987 At 31 st March 2025 20,273.247 NET BOOK VALUE At 31st March 2025 20,273,247 At 31 st March 2024 20.022,260 The trustees have used as deemed historical cost a valuation dated 31st March 2017 undertaken by Richard Williams la trustee) as the closest available historical valuation to the date of transition to FRS 102 when applying the transitional exemption on first-time adoption of FRS 102. Land and buildings of beauty, historical or architectural interest primarily are held for the furtherance of the objects of the charity. These properties are rented out to tenants in order to raise funds to finance the consernation work. 18. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Rent debtors Prepaym8nts 60,214 34,027 67,383 38,481 94,241 105,864 Page 18 continued...

Ombersley Conselvatlon Trust Notes to the Financlal Statements - contlnued forthe Year Ended 31st March 2025 19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade c¥editors VAT Rent received in advance Accrued expenses 44,215 4,872 66,910 34,330 130,692 6,033 67,479 82,071 150,327 286,275 Rents received in advance represents both property rental income and recharged insurance costs included thin income which relate to periods falling after the year end. The amount brought forward of from last year has been fully released during th8 current year. 20. LEASING AGREEMENTS The charity is guarant88d the futur8 rental income, based upon the terms of the tenancy agre8ments: 2025 2024 Within one year Betsveen onè and five years In more than five years 359,921 921,091 PA5,437 391,005 951,516 858,148 1.926,449 2.200,689 21. MOVEMENT IN FUNDS Net movement in funds Transfers be￿een funds At 31.3.25 At 1.4.24 Unrestrlctsd funds General fund The ar¢hive project fund The heritsge fund 21,796,487 516,280 (100,000) 100,000 22.211,767 100,000 1,000,000 1,000,000 21,795,487 1,516,280 23,311,767 TOTAL FUNDS 21,795,487 1,518,280 23,311,767 Net movernent in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fijnd The heritage fund 1,000.083 1,000,000 (483,803) 516,280 1,000,000 2,000,083 (483,803 1,516,280 TOTAL FUNDS 2,000,083 {483,803 1,516,280 Page 19 Jntinued..

Ombèrsley Conservation Trust Notos to th8 Financial Statements - continued for the Year Ended 31st March 2025 21. MOVEMENT IN FUNDS - continued Comparatfves for movement in funds Net movement in funds At 31.3.24 At 1.4.23 Unrestrlcted funds General fund 20,805,145 990,342 21,795,487 TOTAL FUNDS 20,805,145 990,342 21,795,487 Comparative net movement in ftjnds, included in the al)ove are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 1,732.581 (742,239) 990.342 TOTAL FUNDS 1,732,581 (742,239) 990,342 PURPOSE OF FUNDS The Archive Project Fund The trustees agreed lo support WOr￿StershIre County Archives (known as The Hivè) by assisting Ihem with the employment of an archivist to catslogue Sandys family papers and other material donated to the charity by the Sandys Trust. The sum designated for this purpose is £100,000 and the trustees receive regular progress reports. The H8rltage Fund During the year the trustees received a substantial donation of £1million, also from the Sandys Trust. The trustees have designated this to develop a heritage project for public benefit and are actively pursuing a number of Options. Transfer between funds During the year £100.000 was transferred from general to designated funds to reflect planned activities for the future. 22. RELATED PARTIES During the year the charity paid £6,581 {2024 - £5,850) lo Andrew Woods (a trustee of the charity) in regard to woodland management Servi￿$. At the year end the charity owed Andrew Woods £1,374 (2024 - £1,116) in regards lo thesè services. 23. POST BALANCE SHEET EVENTS On S September 2025 the charity completed on a sale of land totalling £161,000. Page 20 continued.

0mbe￿IeY Conservatlon Trust Notes to the Financlal Statsments - contlnued for tho Year Ended 31sl March 2025 24. SUBSIDIARIES The charÈiy has a wholly owned dormant subsidiary Ombersley Trading Company Limitsd. The registered office of Ombersley Trading Company Limited is Thomeloe House. 25 Barbourne Road, Worcester. Worcestershire, WR11 RU. The net assets of Ombersley Trading Company Limited at the year end was as follows: 2025 2024 Cash in hand Called up share capital TENANT DEPOSITS At the year end the charity held tenant deposits totslling £90.950 (2024 £83,573) in a separate designated bank account vhjich has be8n excluded from the balan￿ sheet. Page 21