The Longleat Charitable Trust TRUSTEII S, REI PORT AND UNAUDITED FINANCIAL.STATIMf,NTS FC)R THE PIRIOD ENI)ED 31 MARCH 2U24 Chcll'ity Flcgistei'¢d No: 1057715
The Longleat Chai'itable Ti-ust CON-fEN'rs Page Ti'LlStees' Repoi'l Indepeiidenl Exic In inei. s Report Statement of financial activities Sl£11einent ot" caslifloilis BalL1nce Slieet AcLOLiiiling Pol icies Notes lo tlie Fiiitincial Statemenls P¢iyL)
The Loiigleat Chai'itable Ti"ust
TRUSTEES. REPORT
The ti-iistees piEsenl Ilieir IEport and financial stateineiits for ilie l'lod ended 31 Mai-cli 2024.
I'lie fiii<iliC ial slaleineii15 lic1ve been i)IEP¢l1'ed in aLCOI-d¢1nce ii'iili Ilie 11CCOlllltiiiu policies sel oiil 011 Pc?ge 7
(incl coiiipl)i ivitli tlie cliarily's goveriiiiig docliineiil. <1pplicable laiii and 11)e I'eqiiiremLnls of tlie Slaleiiieiil or
Recoiiiineiicle(I Pi'<1Llice, "Accoiiiiling aiid Rei)orliiig l)), Cliarities"
Sli"iictiii'e? goi'ei'nii lice nil ll4q%eilleiit
Tlie Li)iig) leiil Cliai-ilable Ti-lisl ii'c1S eslc?blished b), ti'iisi deed on 15 Aiigiiisl 1996 and is Irgistei-ed iii Eii&yland
ancl Wclle.8 iiiidei. cliai'iiy llLiinbei' 1057715. Tlie pi-ii)Lipal dddi'ess is Tlie Cslale orriLe. Loiig?ILal, Wai'iii iiislei-,
Willsliii'e. BA12 7NW
Tlie Ii'LlStees who sei'ved dLlI'ing the yeai. Ni'ere:
"rhe Most Honoiii'able Ceaiyliii Tliyiin
Aii(Ii'eii, LoLk¥%'ood
Jai)el Liicy Gibson
Tlie poiiier of cippoinling neiv or additional Ii'lislees is vested in the SLirviving 01. contiiiiiiiig Ii'iistees foi. tlie
liii)L' l)eiiig (exLlti(liiib clll)I I'elii'iiigp Ii'ii.slee) cliid if and ivlieiiever Ilie nLiiiibei' ol. Ii'iistees is less Ili<1n Ilii'ce Ilieii
oiic oi. Inoi'e neil, ti'iislees is clppoiiiled to briiib) tlie iiiiinber of ti'iistees lip lo ai least tliree.
Tliei'e aiE no staff einployed by 11)e cliarily and Inanageineiil is iiiidei'laLen b), Ilie Ti'Lislees.
()Ipjectii'c% iin(l activities
Tlie cliai'ity s ol)jecls a .
Ilie I'e l ief of i)overty oi. iiifirinit), by Ilie pi'ovisioii of finc111Lial assi51cinLe to Iliose ivlio I'e iii iiccd oi.
ii'e SLI l-lei'iiigr Ii<ll'i18hip Iliid iii P<l1'1iLLil<l1' 1110se livi117 iii ilie i)ei&liboiii-l)ood ot. Ilie Lonbleiil Lsl£ile c)ii(I
ils111-opei.lie5 ill Clieddar oi. elseiYlieiT:
tl)e cldvanLeinent of ediicaiion ol" tlie gei)eral piiblic in and the proinolioii of
Ilie cll'ls: and
mallei's ol. liisloric airhitectiiral aestl)eli¢ or scienti fic inleiEsI; aiid
SLicli olliei. cli<ll'ilable PLlI'poses 1( 5 Ilie Ii'lislees Inciy fi'oin tiiiie lo liiiie decide.
Tlie Ii'ii%tees Ii
Tlie Longleat Chai'itable Ti'ust TRUS"I"EES' REPORJ. P141ns foi. fiiliire pei'iods 'riie Ii'iistees iiiteiid lo conliniie to t"olloiv tlie existing objeclives and ievieii, poteiilial caiises to donate lo as ,11id ivl)¢n tliey ai'ise. Ti'iistees, J'espoiisibilities "I'lie Ii'iislees at'e I'espoiisible for pirparing the Ti'Lislees Repoit and the financial stateinents iii accoi-daiice 'itli cll)pI iCi1ble Iclll. ciiid I'e&iLilc)lioiis. Tlie laiv applicable lo charilies in England aiid Wale5 reqiiiies lh¢ triistees lo pi'epai'e clCCOLinls loi. eaLII Iiii<illL11£ l yeai. in accoi'il<iiice ii'iili United KinL7doin Geiiei'ally Accepiecl Accoliiiling Prc1clice (ljiiiled K iiig(loin Accoiinlin&y Slandai'd.s aiid applicable Irgjiilalioiis). Uiidei- Ilial laiv Il)e Ii'iislees IM iisl iiol ap)pi-ove Ilie accoiiiils iiiiless Iliej. cll'e satisf led tlic1t tliey giive cl Iriie iiiid lic ii. vieii, of Ilie stale ol. I117aii's ol" Ilie cliai'it), ¢ l)d of Ilie incoiiiiiigj Irsoiii'Les and clpplication of reSOLlI'ces ol. Ilie chcl1'11)' foi. Iliic i yeai.. Iii pi'epai'iiigy Iliese finaiicial slaleinenls. the Ii'LlStees are iyqiiii'ed to: select SLiil<1ble acLoiiiilinb policies aiid ilieii apply ihein consisleiilly. oIIsL'rve Ilie nietliod% aii(I pi'iiiciples in ihe Cliai'ilies SORP. niake.jiidgTeinenls aiid eslimales Il)at air Itasonable and priidei)I, < l)i)I icic ble accoiiiiliiig? slandai-ds l)ave ken folloived, siibjecl lo any Inalei'ial dei)IirtLiies disclose(l ¢iiid expl<iined iii the accoiinls: Iiiid Pl'LI)c11'L' Ilie fiiiclllLiIl1 $11( teii)eiils oli a bboiiiby Loiicerii basis iinless tlial basis is (leeined to l)e 'riie ti'ii.stee8 Ic I'e I'espoiisible foi. eiisiirinby Iliai pIDpei' accoLiiilingF I'LCOI'ds air kepi ii,liicli air Sil1¢1¢1]I lo 511011, aiicl c.xi?Icllll Ilic clicll'ily, s Ii'<qiisactioiis aiid di%L105¢ 11.iili I'ecl%Ollcible c1LLill•Cy at cl11)' liine Ilie f Ilicll)Cl<il i)o%ilioii ol. Ilie Llicll'ily cl11(l eii¢1ble ilieiii lo eiisiii'e Iliic I tlie fiii¢lllCicil slcil¢ineiils Loinply ii'ill) 11)e Cliill'ilie5 ALI ?0 I I the Clicll'ilies (Accoiiiils ciiid Reports) Regiiilalions ?007 aiid 11)e provisioiis of tlie Iriisl deed. I'liey al'e also I'espoiisililc foi- 5afegpiiarcliiiLI tl)e asseis ofthe ClrI1)i and liei)ce t"oi' lakiii&i IEasoiiiible steps loi. Ilie PlEveiilioii ,Iiid cleleclioii ot fraLid and olliei. iiitgiilic rities. Oli l)eli<?If- ol. tlie Ii'iislees A Lockivood 29 JcinLiary 2025 P(IxLJ
The Longleat Chai"itable Ti'ust INDEPLNDLNT EXAMINER'S RLPORI-_ TO THE TRUSTEES OF TI.IE LONGLEAT CHARITABLE TRIJST I I'eport to the Lharity Iriislees on n)y exaiii inalion of the financial slaleilienls ofihe Longleat Chai-illc ble Ti'LisI foi. the pei-io(l elided i l Mairh ?0?4 Il'hicli compi'ise the slaleinent of financial activities, the balance %heel aiid Ilie i-elated notes. RespeLtiVL I'LSponsibilities of tlle ch&ll'it) s triistees aii(l inclepeiident e_i?& l)iiner A.5 Ilie c111( I'll), s Ii'iislees yoii are I'esponsible for Ilie pi'eparalioii of tlie fiii¢iiicial slaleiiienls. Yoii Loiisiclei. tli£il clll Eiiidil IS 1101 I'eLILliI'ed foi. this year Linder Section 144 of Ilie Cl)ai'ities Act 2011 (Ilie 201 l Act) aiid tlial ali iiiclepeiidLnl eN1c111 iiialion is needed. 11 is Iny I'esponsil)ility lo examine the financial slateiiients iindei- seclioii 145 of tlie 2011 Acl. t"olloii' Ilie pi'ocLIILlI'es laid (lo¥i'ii iii tlie gyenei?l Diirctioiis giveii b}, Ihe Cliai'il!, Coiiiinissioii Lindei. Seclioii 145(5) 01" tlie 201 I ALI, tiiid lo slale th'lietliei. pai'liLLilai' Inattei's liave coine lo iiiy alleiilioii. Siiice (lie cli<ll'ity's s)I'oss iIKoine exceeded £?50.000 your exaiminei. Iniist be a nieiiiber of a body lisle(l iii section 145 ot. the 201 l Act. I confirin Iliai l ain qLialified io iiiideilake Ilie exaiiiiniilioii becaiisc l aiii a Ineinliei. ol. Ilie InslilLlte ot" Cliarlered Accoliniaiiis in England aiid Wales. whicli is one ot" Ilie listed l)odies Biisis of in(IL'pciidei)t eiiiijiinci s i'eporl My L'XI111) Illc)Iioi) Il'ils Lai'i'ic(l oiil iii clCLOI-diince iiyitli tlie geiieiil Dii'eclions g7iven by tlie Cliiii'ily Coiiiiiiissioii. Ali e,xaiiii111c Iloii illLI Lides 1¢ I'eviei%' ot. Ilie c1CCOLiiiliiiby iecoi'ds kept by Ilie cliai-ily and a coiiii)ai'isoii of Ilie IiiiclllCic11 stcilLinLiils pi'eseiiled ii'iili Iliose I'ecoi'ds. li also incllides coiisidL'I'cqlioii ol" ai)y 111i11siial iteii)% oi. di%LI()5Lllt iii Il)I I IiiEIiic 1<11 slaleinei)Is. aiid seeking explaiialioiis li'oin jioii as ti'iistees coiicei-iiiiig7 any SLILI) Ini111LI'S. J'l)e pi'OLe(liiiYs iiiiderlakeii do iiol pi'ovide ¢111 Ilie cvideiice Ilial IllOLild be ieqiiiied iii ali aiiilil 1( 11(1 coiiseqiieiitly iio opiiiion is g)iven as to ivliether Ilie finaiicial slaleineiits PlEseiil a 'li'iie aiid tc)ii' vieii, 1¢ 11(1 Ilie iepoi't is liinite(I to those mtillers set OLIt ii) tlie staleineiil below. lii(lepen(leiit eiiiiniiiL'i s stMteinen¢ li¢lVL Lolli IIILle(I Iny ex<llllillI11ioii. I confii'in Ihal no IM<ilei'ial Inatleis liave coiiie lo iiiy alleiitioii in coniieLlion iviih Ilie exain inalion iiihicli Liives ine caiise to believe Ihal iii, any Inaterial ie%i)eLI'. tlie c1LLOLinlinbi I'Lcoi'd5 11.ere iiol kepi in accordance ii'itli seclion 130 of Ilie Clic)I'ities Act: oi. IIIL. ¢iLcoiinls (lill iiol clCCOI'd iyiili Ilie accoliiiliiig? records; oi. Ilie c)CCOLiiIIs cl ill iiol coinply iyill) il)e cipplicclble reqiiii'eiiienls coiicei'i)iiig tlie foi'in aii(l Lonleiit of CLOLiiils set OLII in Ilie Cli<11'ilies (Accoiints aiicl Reporls) Ilegiilic lioiis 2008 oiliei. Iliaii aiiy Irqiiir¢ineiii Ilicll Ilie c?CCOLints gyive a 'ti'iie and fLllI' vieN%' wliicl) is i)ot 11)alter coiisidered as pai'l oran iiidepeiideiit exaimiiiation. Nei l Dc1vies Sal'lery L LP Sl Ciiilieriiie s Coiii-l. Bei'kelej, Pl<lLe. Bi-istol 30 JclllLiaiy 2025 P(i¥c, 4
The Longleat Chai"itable Ti"ust s"rA-I'EMfN'f c)F FINANCIAL ACTIVITIFS FOR THE PERIOD ENDED JI MARC14 2024 Notes Unrestricted Reslricted fliiids Fiiiids Total 2024 Total 2023 Incomin 'esoiirces froiii Reii11c I I iicoinc Donations enei'i)led fund.s 950 568,440 950 568,982 950 528 Iiilei'est I'eceived 60,267 60,267 Totlll iiieomiilg i'esoiii'ces 62(),657 542 630,199 1.478 Resoii ree8 c eii(Ic(I C lii)i'it411)IL' Illtii'iliL's Doiialioiis 9,000 9,000 9000 Depi'eLi¢ilion of leaseliold iinproveinents A(Iiiiiiiisli'cltiOll LOS15 21,Ci23 1,180 21,623 43,24CI 1,180 43.246 1.180 Tot>il Lli:) I'itnble eipeii(litiii"e 31,803 21,623 .53.426 CJ(Pl'L'I'nniicc costs 275 275 600 Ti)liil goirei'iiniice costs 275 600 Totiil i'esoiij'ces eipen(leil 32,078 21,898 .$3,Y76 Net iiioveinenl in fiiiids 597,579 {21,35C)) 576,222 (52,-548) F lind balaiice5 at l April 20?3 293.985 214?37 508.??2 560,770 Fiin(I 1)I1:Ince5 nt 31 ml'ch 2024 891,563 192.881 1,084,444 -508,?22
The Longleat Chai"itable Ti'ust BALANCE SIIEE-I. 31 MARCF12024 N()le.¥ 2024 ri iNecl rfissets "I'c111&1 ible I Ixed assets Inveslii)eiils 472,708 628,293 515.9SS I,ioi,ooi 515,955 Ciii'i'eiil assets Debli)1's Casti at bank and in liand 12 17,442 ?6,769 26,775 Ci'eilitoi's: Aiiiniiiits I'&illin2 diie ii'itliiD one yefii. 34,011 Net cli i'i'elit Assets -16,557 -7.733 Iyel iisyets 1,084,444 508 ?2? IIiL()IllL. tiiii(l.% 192,881 214,237 Ui)Itsti'icted I'iiiids 8I)1,563 293,985 1,084,444 508 ?22 Wc appi'ove the fin<illc i1( l $1111emenls t.or Ihe )recil' ended 31 M<?Irli ?0?4 11,hicli coimpi'ise tlie sli11eineiit of liii<11icial clLlivilies, tlie biilc)IILe sliecl and Ilie I'elated iioles. We acknoiiiledg)e OLII. Irspoiisibilil), t"oi- Ilie%e rinilllcicil slcilenieiils. iiiclLidiiig the appropriateiiess of Ilie accoiiiiliiiby Ikisis. Tliese fincincial 51ic leinents ivere appi'oveil by ihe Ii-lislees 011 29 Janiiaiy 20?5 and iyere sigsned 011 Ilieii. behalt" by A Lock-lvood TrLlStee Pa&Jg 6
The Longleat Chai'itable Ti'ust STATE[[NT OF CA%HFLOIVS FOR"fHE PERIOD ENDED J l MARCH 2024 Nole.% 2024 2023 C:Isli floii's fi'oni operiiting ¥4Ctii'ities Casli geneiate(I from opercilions 558,700 (8.643) Iiii'estiiig actii'ities Piii'Lhase of inveslinenls (568,02C?) C'linnge li) Cli sli fiiiil casli eqiiivlllents iii tlie i'epoi'liDg periijil (9,326) (8.()43) C.a.sli ii 11(1 e:Isli eqii ivaleiits llt tlie l)egiiining of tlie I'epi)i"ting PL'I'iO(I 26,761) 35,412 Ciisli &iiiil Lllsl) eqiiiirnlents at tlic en(1 of tlie i'epol'liiig period 17,442 ?(),769 Pcige 7
The Longleat Chai'itable Ti"ust ACCOUNTING POLICIES BA15iS of pi'epiii'iition Tlie fiiiilllc l<?1 slaleiiieiits liave been prepaird Linder ilie Iiistorical cosl convention aiid in accordaiice iiiitli ,11)pIici1bSe accoiinling staiidai-d5. tlie Stateinenl ot" Recoiniiiended Piaclice, 'AccoLlllting aiid Repoi'tiiigv l)), Cliarities aiid Ilie Cliai'ilies Acl 2011. Iiicoiiiiiig resoiii'ces Iiicoine fi-oin donalions is ci'edited in the period in iyhich il is Irceivable. Re%oii rees eipeii(le(I Cli¢ll'ilcil)IL aclivilies iiicliide &yi'aiits payable ivliicli air payments Inade to tliii'd pai-lies iii fLlI'ilierance of tlie c111( I'itcil)le oL)jects of tlie cliaril),. (iovei'iiciiice costs Lonsisl ofcosls not dii'ecily 1( Ili'ibiil<l1)IL lo dii'ecl cliai'ilal)le expeiidiliii-e. bill are in I'e£i)ecl ot Ilie uieiiei'al adiiiinisliilioii of Ilie cli¢lrily. overall Incl1111 &FeiMeiit of fiii)ds kiiid ii.'liicli ligive bL'en iiiciii'i'e(l iii eoinpl)ii iigy iviil) tlie Llicll-ily's consliliilioiial aiid Irgiili11ory oblibi¢11ioiis. Fiiiiils neloiiiiliiig Cjeiiei'al fLinds <ll'e Lini'esli'iclecl fiiii(Is ii,liicli c11'e available for Lise al Ilie Iliscielioii of Ilie Ii'LlSlees iii t"Iii'lliei-aiiLe of the &)eiieial objeclives ol" the cliarily and ii,liicl) liave not beeii desibiiialL(I loi. olliei. piii'poses. Tiiiixible Fiie(l Assets Taiigiible I Ixed ass¢ls al'e slated at cosl less acciiniiilaled depirciatioii. Depi'ecialioii 18 pi'ovided so as lo iiirite off11)e cosl of tlie asset. less ils estiinaled residiial valLie, ovei- ils IiIIIL11)¢11eil Lisel'iil life oli Ilie l()Ilo¥iiiiib) 7$1%. Leaseliol(l iinpi'oveineiils- over 20 yeais Pcige 8
The Longleat Cliai'itable Ti'ust NO"I'LS"ro THE FINANCIAL STATEMEN"rs roR THE PERIOD ENDING il MARCH 2024 Cli:ii'itable &ietiiiities c)nts ivere Inade to ilie ivelfare nd educalion sectors diii'ingF Ilie ye<11'. Einployees iin(l Ti'iistee's Reinunerq& lion There were no einployees diiring Ihe )iear. None of tlie Ii'LlStees ieceived any ieiniineiilioii diii'inb) tlie yeai.. The I"I'iisl paid Evelyn Pai'liiers, ali LLP of i%,liicli A Lockiwood is a partner. £550 foi. pi'ofessioiial accoiinlancji advice and sei'vices diiriiib) Ilie yeai. (2023 £600). TAiigible Fiie(l Assels Leaseliold Iinpi'oveineiits Al l April 2023 Addili0115 864,994 Al 31 Mai'cli 2024 864,924 Dcpi'eciiition Al l April ti023 CliargTe loi. Ihe year 348.969 43,246 At 31 M(Ircli 2024 391.215 Nct bo()Ii V&iliie A5 ¢lt 31 Wlai'LI) 2023 515,95% As al 31 MarLh 2024 472.708 The lea%ehold improveinenls represenl costs inciirred in Ilie Lonsli'iiclion c)iid fil oiil of an clepli<iiil sancliiai'y. 511 geiier4)ted from oper1& tiDns 2024 2023 I ncome l Expenditliir in Ilie repoi'ting period Depi'eciation (Gains) I losses on inveslinenls ( Inci-ease) / decrease in debiors Increase l (decrease) in creditors 576.992 (52,548) 43.246 (60.?67) (6) (496) 6)6 Net cash genei2led by opei-aling activilies 558,700 (8,643) P(Ige 9