Berkeley Castle Charitable Trust
Trustees, report and financlal statements
For the year ended 31 March 2025

Berkeley Casde Charitable Trust
Contents
Page
Legal and administrative information
Report of the trustees
Independent examlner's report
Statement of flnancial aciivitles
Balance sheet
Statement of cashflows
Notes to the flnanclal statements
9-19

Berkeley Castle Charltable Trust
Legal and administrative inforniation
Charltyname:
Berkeley Castle Charitable Trust
Trustees:
Charles Wyld
Henry Berkeley
Reglnald Heyworth
Patrick Downes
Castle director:
Michelle Boliver
Independent examlner:
Davld Sedgewlck c/0 Saffery LLP
St Catherlne's Court
Berkeley Place
Clifton
Bristhl
BSB IBQ
Bankers:
National Westminster Bank
PO Box 1369
16 The Plain
Thornbury
Bristol
BS35 2BF
Sollcltors:
Burges Salmon
One Gla55 Wharf
Br15tol
B52 OZX
Investment managers:
Trinity Brldge Asset Management
Wlgmore Yard
42 Wlgmore Street
London
WIU2RY
Reglstratlon no:
1061062
Prlnclpal offl¢e.'
The Berkeley Castle Estste Office
Berkeley Castle
Berkeley
Gloucestershire
GL13 9BQ

Berkeley Castle Charitable Trust
Report ofthe trustees
Forthe year ended 31 March 2025
The Trustees present their report along with the consolidated financial ststements of the charity and its subsidiary for the year
ended 31 March 2025. The Financial statements comply with the charitys trust deed, the Charities Act 2011 and the Ststement of
Recommended Practice.. Accounting and Reportingby Charities 2019 IFRS 102).
History and constitution
The Berkeley Castle Charitable Trust was formally established by a deed dated 26 February 1997. On 25 MaTch 1997 Mr Berkeley
and his Co-TrllStee of the Berkeley Will Trust [the owners of the fabric of the castte) granted a ninety-nine year lease to the
Trustees of the Berkeley Castle Charitable TrusL On the same date, a giftwas made to the Trustees of the business of admitting
members of the general public to the castle.
Following the estsblishment of the Berkeley Chattels Settlement on 13]uly 1998, certaln further chatte15 were the sublert of a
supplemental licence enabling the trustees of the Berkeley Castle Charitable Trust to use them.
Structurei governance and management
Governing document
The charlty Is governed by a trust deed and is an unincorporated association.
Appointment of trustees
The trust deed states that the nuniber of Trustees shall be no less rhan three and no more than five. If the number of Trustees
should fall below three, the remaining Trustees may exercise their power to appoint a new Trustee. The Trustees must alway5
include at least one male descendant OF Captain Robert George Wilmot Berkeley. Any new Trustee is offered appropriate
Induction and training.
Organisation
Under the ternis of the trust deed the Trustees have wide discretionary powcr5 relating to the investment and use of the trust
fund, dealing with property, employment of staff and all other acts of management in relation to Berkeley Castle.
The director of the castle, appointed by the Trustees, has responsibility for the running ofthe businesses of the trust and its
subsidiary companyi which 15 fully owned by the Trustees.
Rlsk management
A formal risk 3s.%essment in line with SORP FRS102 recommendations has been produced. It was adopted at 3 meetlllg of the
Trustees on 11 March 2004 and is to be kept on the agenda at ￿tUre meetings on an annual basis to ensure that the matter is kept
under review and procedures established to manage those risks.
The major ri5k5 revolve around unforeseen prablems occurring during the repair work5 on the castle and the surrounding areas.
This risk is mitigated by taking high quality professional advice concerning the restoratiDn work at all stages before and durlng
the works, liaising with the staff onsite and regular trustee meetings to Follow up on any issues. A second set of risks involve
natural disasters causlng damage to the castle and the grounds. These rlsks are mitigated by ensurlng adequate insurance
protection is available and through adequate and timely malntenance of the buildings and their immediate surroundings.
Statement of tru5teeg responsibilitles
The Trustees are responsible for preparlng the Trustees, report and the financial 5t3tements in accordance with applicable law
and United Kingdom Accounting Standard5 [United Kingdom Accepted Accounting Practicej.
The law applicable to charities in England and Wales Tequires the Trustees to prepare financial ststements for each financial year
which give a true and fair view of the stste of affairs of the charity and the group and ofthe incoming resources and application of
resources of the charity and the group for that period. In preparing these financial statements, the Tru5tee5 are required to..
select suitable accounting policies and then apply them consistendy.,
observe the Tnethods and principles in the Charities SORP [FRS102),'
make judgements and estimates that are reasonable and prudent,.
state whether applicable accounting stsndard5 have been followed. subject to any material departure5 disc105ed and
explained in the financial statement5;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will
continue in business.

Berkeley Castle Charftable Trust
Report of the trustees
For the year ended 31 March 2025
The Trustees are responsible for keeping proper accounting records that disclose wth reasonable accuracy at any time the
financial position ofthe charity and enable them to ensure that the financial statements comply with the Charities Art 2011,
applicable accounting regulations and the prowsions of the trust deed. They are also responsible for safeguarding the assets ofthe
charity and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Objectives and activities
Oblectlves
The Trustees stand possessed of the trust fund and related income and can apply such funds in the furtherance of the trust.. they
also have the power to accumulate (as permitted by law) the income of the trust fund.
Subleetto these powers, the Thistees shall apply the annual income of the trust fund for the following objects:
a) The maintenance, repair and preservation for the beneflt of the publlc of those parts of Berkeley Castle, Berkeleyj
Gloucestershire, which are open to the publlc.
b) The beneflt of such charlty or ch3ritles or for such other charitable purpose or charltable purposes as the Trustees shall
from time to time in their absolute dlscretlon think flt.
To meet the objectives of the trust, new income raising activities are sought, particularly through Its subsidiary trading company,
which can offer the cast]e as a location for filming and other events.
The castle invests in attrdcting visltors and work5 Wlth a number of other attractions and local agencie5 to promote the castle. The
castle also provldes employment within the area by creating work for local people with knowledge of the castle and its history.
Future plans
The aim is to continue to make the castle available to the public in an efficient manner and to raise further fund5 for its upkeep
and repair. It 15 hoped to add to the visitor experience and, with the help of the Friends of Berkeley Castle, to continue with a
programme of repair and restoration of furniturc, pictures and other contents.
Public benefit
The Charities Act requires that there is an identifiable benefit or benefits arising from the work of all charities, and such benefSt
must be to the public or a section of the public. The Trustees confirm that they have referred to the Charity Commission's guidance
on public benefit when reviewing the trvst's aims and objectives and in planning future activities.
In pur5UIt of Its charitable objert the trust invests in the repair and upkeep to malntaln and Improve the environment for the
contents of the castle and improve the experience for v5sltors.
No section of the publlc Is excluded from those parts ofthe castle that are open to the publlc: dSsabled access is available where
practtcal. Those working for the trust are remunerated, but there are otherwlse no private benefits.
It can therefore be seen from this, and from other Informatton In this report, that the work of the trust beneflts the public.
Achlevements and performance
Number of visitor5 in YE25 increased by 15% to 40,05112024.. 34,741) and admission income Increased by 22% to £357,126
(£291,196]. The increase in admissions income to due to the increase in numbers as well as an increase in the admission price. An
increase in visitor taking advantage of the one-year pass has resulted in an increase of gift ald recelved. Increase admission5 was
also helped by a successfiJl-Strict]y Event and Exhibition"
The Thstees would again like to record their appreciation of all the support the castle receive5 on a voluntsry basis- from the
Friends of Berkeley Castle and rnany other individuals and organisations.
Financial review
There is a Group deficit for theyear of £195,387 [2024 surplus.. £633,816), which, deducted from the surplu5 brought forward
gives total Group funds of £1,380,873 [2024- £1,576,260] caTried forward.
The Group donation5 and legaaes incoTne has decreased to £109,66612024- £611,322).

Berkeley Castle Charltable Trust
Report ofthe trustees
For the year ended 31 March 202S
The Group charitable activities income intreased to £404,994 (2024.. £338.973).
The Group charStable activittes expendi￿re reflects an increase in costs to £1.145,66312024.. £940,434) compared to13Styear
mainly due to increased repairs costs, which saw renovation to the event toilets and works on the pathways throughoutthe castle
grounds. wage5 saw an annual pay rise. events expenses due to the "Strirt]y Event and Exhibition- and a large increase in
depreciation as the walled garden has beeTJ finished and is now In use.
Results ofsubsidiary
The subsidiary trading company, Berkeley Cast]e Enterprises Limited, made a loss of £10,070 (2024.. £5,322) after deductlng a
donation to Berkeley Castle Charitable Trust of £95,651 [2024.. £251,765).
Investtnent policy and re￿r￿S
There are no restrictions on the charity's power to invest and the Trustees have power to delegate discretionary powers of
investment to an investment manager. The charity has adopted a total return policy for its inveslJnent income, and a strategy and
risk profile is agreed annually with the investment manager. The investment performance is reviewed wa the manager's quarterly
reports and the Trustees, or their representstive, meet with the manager annually to discus5 this performance.
The Trustees intend that the real value of their assets be malntained and enhanced over the long term by investment In a portfollo
comprised of equitie5, fixed income stocks and cash. The Investment managers have been instructed to manage a diversified
portfolio of suitable investments on a discretionary basis.
Reserves pollcy
At the year end the Group held unrestricted fvnds of £1,356,974 (2024,. £1,542,291) and £23,899 (2024: £33,969] In unrestricted
funds from non-charitable trading.
The Trustees have reviewed the reserves of the charlty and consider that a target level of unrestricted fund5 of £250,000 to
£300,000 is suitable to enable the Trustees to continue to fitnd management, administration and support costs and cover any
unplanned repairs. Of the total unrestricted funds held of £1,380,973, £433,183 are considered to be realisable and the balance of
£875,790, which relate5 to fixed assets, are considered unrealisable at the balance sheet date.
Approved by the Trustees and $5gned on thelr behalf by:
Charles Wyld
9 October 2025

Berkeley Casde Charitable Trust
Independent oyamlner's report to the trustees
For the year ended 31 March 2025
I reportto the tharity trustees on my examination of the consolidated accounts of the Group comprising the Berkeley Castle
Charitable Trust ('the Trust,) alld its subsidiary underraking for theyear ended 31 March 2025.
Respective re5pon51bllltlES oftrustee5 and examlner
As the trustees of the Trust YOU are responsible for the preparation olthe consolidated accounts of the Group in accordance with
the requirements of the Charities Act 20111'the Act,) and you have chosen to prepare consolidated accounts for the Group. You
are satisfied that the accounts of both the Trust and the Group are not required by charity law to be audited and have chosen
instead to have an independent examination.
I report in respect oFmy examination of the consolidated accounts. I have carried out my examination under section 145 of the
2011 ACL In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)[b)
ofthe 2011 ACL
Basis of independent examlner's report
My examination was carried out in accordance w5th the general Dlrections given by the Charity Commlsslon. An examination
includes a revlew of the accounting records kept by the charity and a cotnparison of the accounts presented those records. It
also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustecs
concerning any such matters. The procedure5 undertaken do not provide all the evidence thatwould be required in an audit and
consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report Is IlmSted to those
matters set out in the statement below.
Independent examlner's ststement
Since the Trusys gross incnme exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011
Act. I confirm that l am qualified to undertake the examination because l am a member ofAssociation of ChaTtered Certified
Accountants, which is one uf the listed bodies.
I have completed my examination. I confirm that no matters have come to my attentlDn in cOnneC￿0n wlth the examlnatton gSving
me cause to believe..
accounting records with respect to thc Trust were not kept as required by section 130 ofthe 2011 Act and with respect
to its subsidiaries were not kept as required by section 386 of the Companies Act 2006,. or
the accounts do not accord with those records., or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the
Charities (Accounts and Reports] Regulations 2008 other than ally requirement that the accounts give a'true and fair
view, which is not a matter considered as part ofan independent examination., or
the accounts have not been prepared in accordance with the methods and princlples of the Statement of Recommended
Practice for accounting and reportlng by char5ties applicable to charities preparlng their accounts in accordance with the
Flnancial Reporting Standard applicable in the UK and Republic of Ireland QFRS 1021.
I confirm that there are no other matters to which your attention should be dramm to enable a proper understsnd5ng of the
accounts to be reached.
David Sedgwick rcc
Saffery LLP
St Catherine's Court
Berkeley Place
Clifton
Bristol
Date..
o%.10.toi<
BS8 IBQ

Berkeley Casde Charitable Trust
Statement of flnancial activltles
For the year ended 31 March 2025
Notes
Group
202S
Group
2024
Charlty
202S
Charlty
2024
Income from
Donatlons and legacies
Charitable artivities
Other trading actlvities
Investments
109,666
404,994
435,692
18.919
611,322
338,973
583,743
16.712
205,317
439,913
863,087
383,164
15,098
13,087
Total
969.271
1,550,750
660,328
1,259.338
Expendlture on
Ralsing funds
Charltable activltles
2,311
1,145.663
2,110
940.434
2,311
826.650
2,110
643,700
Totsl
1,147.974
942,544
828,961
645,810
Net Incomlng resources for the year before Balns / {losses)
on Investments
(178.703)
608,206
{168.633)
613.528
Galns on investtnent assets
(16,684
25,610
(16.684
25.610
Net movement In fvnds
(195,387)
633,816
(185,317)
639,138
Fund balances brought forward
1,576,260
942.444
1,542,291
903,153
Fund balances carrled forward
Is
1,380,873
1.576,260
1.356,974
1,542,291
All funds were unrestrlcted In the current and prloryear.

Berkeley Castle Charitable Trust
Balance sheet
For the year ended 31 March 202S
Notes
Group
2025
Group
2024
Charity
2025
Charity
2024
Flxed assets
Tangible asset5
Equlty Investments in group undertakings
Investments at market value
io
li
li
885,431
1,002,580
831.183
20,051
357.126
937,705
20,051
375.625
357,126
375,625
1,242.557
1,378.205
1.208,360
1.333,381
Current assets
Stock
Debtors
Cash at bank and In hand
28,180
84,332
491,471
37,400
104.872
554,594
10.131
178,045
302,440
14,419
353.533
210.341
12
Credltors: amounts falling due within one year
13
[439,776
(476,813]
(342,OQ2
(369,383)
Net current assets
164,207
220,OS3
148,614
208,910
Totsl assets less current Ilabllltles
1,406,764
1,598,258
1,356,974
1,542,291
Creditors: amount5 falllng due after more than
one year
Provision5 for Ilabllltles
14
(16,250)
9,641)
(11,250)
(10.748
Net assets
15
1,380,873
1,576.260
1,356,974
1,542.291
Funds ofthe charlty
Unrestricted fund5. Charlty general
Unrestricted funds- non-charltable tradlng funds
1,356,974
23,899
1,542,291
33,969
1,356,974
1,542,291
Total funds
Is
1,380,873
1,576.260
1,356,974
1.542,291
The Trustees have prepared group flnancial statements In accordance wlth section 138 ofthe CharftSes Act 2011.
Approved by the board of Trustees and slgned on thelr behalfon 9 October 2025.
Charles Wyld

Berkeley Castle Charitable Trust
Group sratement of cash flows
For the year ended 31 March 2025
202S
2024
Cash generated/(absorbedJ from opera¢ln8 actlvitles
Net cash {used in)/provlded by operating actlvltles
(35,360)
828,749
Net cash absorbed by operatlngactivltles after taxatlon
(35.360)
828,749
Cashflows from Investlngactlvltle5
Dlvidends, interest and rents from Investments
Purchase of property, plant and equipment
Proceeds from the sale of property, plant and equipment
Proceeds from the sale of investments
Purchase of investments
Net rash used In Investlng actlvltle5
18.919
(48.596}
loo
32,728
16,423
[13,272)
16,712
(904,350)
4,545
23,587
24,011
(883,517)
Change In cash and cash equlvalents In the reportlng perlod
{48,632
54,768
Cash and cash equivalents at the beglnning of the reporting perlod
557,424
612,192
Cash and cash equlvalents at the end of the reportingperlod
08,792
557,424
Reconclllatlon of net Income/(expendlture) to net Cash flow from operatlng actlvltles
2025
2024
Net (expendlture) I Income for the reportin8 period (as per the statement of flnanclal
actlvltles)
(195,367}
633,816
Adjustments for:
Current tax charge
Depreciation charges
Unreallsed gains on Investments
Loss/(proflt) on dlsposal of fixed assets
Divldends. Interest and rents from investments
Decreasel(In¢rease) in stock
Decrease/{Increase) In debtors
(De¢rease)/lncrease In creditors
Net cash (used In)/ operatlng activltles
(1,107)
159,932
16,684
S,717
(18,919)
9,220
20.540
32,040
35,360
(912}
23,806
(25,610)
(4,250)
(16,712)
[17.506)
[21,428)
257,545
828,749
Analysts of net debt
At l April
Z024
At 31 March
2025
Cashflows
Cash at bank and Sn hand
Cash held as part of Investments
Total
554.594
2.830
557,424
C63,123}
14,491
48.632
491,471
17,321
508,792

Berkeley Castle Charltable Trust
Notes to the consolidated financial statements
For theyearended 31 March 2025
Accounting policles
(a) Accountlng conventlon and basis of preparatlon
The flnancial 5tatetnents have been prepared In accordance with the Statement of Recommended Practice.. Accounting and
Reportlng by Charities preparing thelr accounts In accordance with the Financlal Reportlng Standard applicable in the UK
and Republic of Ireland [FRS 102) effective I january 2019 and the Financial Reporting Standard appllcable in the United
Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practlce as it applies
from I January 2022.
The Charity constitutes a public beneflt entity as defined by FRS 102.
The flnanclal ststements are prepared in sterlin& whSch 55 the functional currency ofthe Charlty. Monetary amounts in
these flnanclal statements are rounded to the nearest £1.
The flnanclal statements have been prepared under the hlstorlcal cost Conventio￿ with the exceptlon of the investments
whl¢h are held at market value.
(b) Basls of Consolldatlon
The group flnanclal statements consolldate the financial statements ofthe charlty and Charity's wholly owned subsidiary,
Berkeley Castle Enterpr5ses Llmlted, for the year ended 31 March 2025. The statement of flnanclal actlvltles (SOFA) and
the balance sheet consolidate the Financial statements on a Ilne by line bas15 where approprlate. Details concernlng the
subsldlary company, along with its results and financlal posltlon are Set out In note 2.
(c) Goln8 concern
At the time uf approvlng the fln3ncSal statements the Trustees have a reasonable expectation that the charlty has adequate
resources to continue In operational existence for the foreseeable future. Thus the Trustees contlnue to adopt the golng
concern basis of accounting in preparing the financlal statements.
(d) Income
InvestmerLt income and gift aid dorbations are Included In the ftnanclal statements on an accruals basis and include any tax
recoverable. Other income 15 recugnised when the group Is entltled to IC Sncludlng any tax recoverable.
(e) Resources expended
Expenditure15 recorded on the accruals basS5, The cost of Irrecoverable value added tax 15 Included wlth the expense Item
to which It relates.
Fund ralslng costs compr15e those costs dlrectly attrlbutable to managlng the investment portfollo and ralslng Investment
Income.
Support costs represent expendlture In the general running of the charlty,. these costs are fully attrlbutablc to charitable
activities.
Governance costs are dlrectly attrlbutable to the management of the charlty's assets, organisatlonal admlni5tration and
compliance with constltutlonal requirements.
(fj Llsted Investments
Llsted investments are included in the accounts at a value based on their mid-market prlce at the balance Sheet date.
Realised gains or105ses are recognised in the perlod by reference to the dlflerence between thelr balance Sheet value and
net proceeds from di5P05al In accordance with accountiT]g standards.
(g) Unlisted investment5
Unlisted investments are stated at cost less provision for diminution in value.

Berkeley Casde CharAtable Trust
Notes to the consolidated flnancial Statements
For theyearended31 March 2025
Accountlngpolicles (continued)
(hj Depreciatlon
Tangible fixed assets are stated at Cost less depreclatlon. Depreciatlon is provided at rates calculated to wrfite off the cost
less estimated res5dual value of each asset over its expectsd useful Ilfe, as follow5..
Castle chatte15 and land
no depreciatlon
Castle contents, flxtures and improvements
2%, 15 % and 25% stralght Ilne basls
Garden equlpment
15% stralght line basis
Office equipment
15% straight line basts
(l) Stocks
Stock5 are stated at the lower of cost and net reallsable value.
O) Flnanclal Instruments
The Charlry ha5 elected to apply the provisions of Sectlon 11 'Baslc Flnanclal Instruments, and Sectlon 12'0ther Flnaneial
Instruments Issues, of FRS 102 to all of its flnanclal instruments. Other than where specifically stated all of the charity's
flnanclal Instruments are classed as baslc flnanclal Instruments.
Flnaneial assets are recognlsed In the Charity's statement of financlal posldon when the Charitybecomes party to the
contrartual prov15ions of the Instrument,
Flnanclal assets are clas51fied Into 5peclfled categories. The classlflcation depends on the nature and purpose of the
financlal assets and15 determlned at the time of recognitlon.
BasicJ7nanclal a55ets
Basic financial assets, which Include trade and other debtors and cash and bank balances, are inltlally measured at
transaction price Including transactlon costs and are subsequently carried at amortlsed cost Using the effective lTrterest
Method, unless the arrangement constitutes a flnanclng transaction, where the transactlon 15 measured at the present
value of the future receipts discounted at a market rate of Interest. Other financial assets classiFied as 'falr value through
the statement of financlal actlvlties, are measured a¢ fair value.
Baslcjlnanclal Ilablllties
Basic flnanclal liabllSties are initlally recognised at transactjon prlce, unless the arrangement constitutes a flnanclng
transactlon, where the debt instrument Is measured at the present value of the future recelpts dlscounted at a market rate
of Interest. Other financlal Ilablllties classlfled as 'falr value through the statement of flnancial activitles, are measured at
falr value.
(k) Pen51on costs
Penslon costs for Indlvidual deFined contribution schemes are charged to the statement of flnancial activity Sn the year In
whlch they are payable.
O) Employee benefits
The costs of short-term employee benefits are recognlsed as a liablllty and an expense.
The cost of any unused hollday entlt]emEnt is recognlsed in the period in which the employee's servlces are recelved.
Termlnatlon benefits are recognised immediately as an expense when the company is demonstrably committed to
terminate the employment of an employee or to provide termination benefits,
io

Berkeley Castle Charltable Trust
Notes to the consolidated financial statement5
For the year ended 31 March 2025
Accountlng pollcfies (contlnued)
(m) Funds structure
The charity holds unrestricted funds only, which the Trustees are Free to use for any purpose in the fijrtherance of the
charltable objects. Unrestrirted funds include designated funds where the Trustees, at their discretion, have created a fund
for a specific purpose.
Incomlng resources Irom subsldlary
The charity has a wholly owned trading subsidiary, Berkeley Castle Enterprises Limited (company number 03306174)
which is incorporated in the UK. The prln¢lpal actlvltles are the runnlng of a cafe and souvenffirshop, whlch are open to the
public and the hiring out of prernlses for prlvate and commer¢lal functions.
A summary oFits tradlng results Is shown below. The relevant pages have been filed with the Reglstrar of Companles.
Proflt and loss account
2025
2024
Turnover
Cost of Sales and admlnlstratlve expenses
Interest recelvable
Net profit
Amount glft alded to charity
Taxation
Retalned In subsldlary
435,692
{355.039)
3,821
84,474
[95,651)
1.107
10,070
583,743
[341,837)
3,625
245,531
(251,765)
912
S,322
Fixed assets
Current assets
Current liabllltles
Non current liabilities
Netassets
54.248
219,457
{203,862)
25,891
43.952
64,875
379,042
(367,897)
21,998
54,022
li

Berkeley Castle Charltable Trust
Notes to the consolidated flnancial statements
For theyear ended 31 March 2025
3 Donations and legacles
Group
2025
Group
2024
Charity
2025
Charity
2024
Tax reclaim on glft aid donatlon
Donations
66,677
42,989
109.666
48,092
563,230
611,322
66.677
138.640
205,317
48.092
814,995
863,087
4 Income from rharltable actlvStles
Group
202S
Group
2024
Charlty
2025
Charfty
2024
Admisslon5
Gulde book5
Gulded tours
Rental Income
Fees for use of castle
Commissions and other income
357.126
8,671
3,755
27,275
291,196
7,898
6,530
26,244
357,126
8,671
3,755
32,855
29,339
El,167
439.913
291,196
7,898
6,530
31.824
38,611
7.los
383.164
8,167
404.994
7.105
338,973
5 Investment Income
Group
2025
Group
2024
Charlty
2025
Charlty
2024
Incorne from quoted serurlt(es
Bank interest
10,276
8,643
J8.919
9,783
6,929
16,712
10,276
4,822
15,098
9,783
3,304
13.087
6 Expenditure on raislng funds
Group
2025
Group
2024
Charlty
2025
Charlty
Z024
Investment managers, fee
2,311
2,311
2.110
2.110
2,311
2,311
2,110
2,110
12

Berkeley Castle Charltable Trust
Notes to the consolidated financlal statements
Fortheyearended 31 March Z02S
Expendlture on charitable actlvltles
Group
2025
Group
2024
Charlty
2025
Charlty
2024
Castle shop
Tea room
Gardens
Wedding accommodation
Heating and lighting
Wages and penslons
Repairs and malntenance
Bar costs
Rent and rates
Equipment hlre
Marketlng costs (Incl. webslte)
Events expenses
Guide books
Office costs
Professl(&nal fees
Insurance
Bank charges and Interest
Sundry
Entertaining
Corporatiun tax
Loss/(profit) on disposal of assets
Depreciatlon charge
Governance costs [Note 8}
26,739
235
21.984
79,365
56,980
354,711
119.715
13,844
6,760
li
66,407
73,550
4.288
20.691
2,219
93,550
15,996
9,206
1,990
{1,107)
5,717
159,932
12,880
1,145,663
8.718
70
19,555
84,709
59,806
349,455
96,705
13,467
5.56S
44
64,726
55,249
3,056
23,056
3.120
96,806
13,522
6,149
4,007
[912]
{4,250)
23,806
14,005
940,434
21.984
19,555
44,195
252,307
114,000
58,328
240,526
93,833
6,760
5.565
41,763
58,308
4.288
11,8S8
2,219
90,718
15.760
8,200
1,467
36,211
37,131
3,056
13,526
3,120
93,980
13,359
5,705
2.685
984
145,639
6.200
826,650
61
9,759
7.300
643,700
Governance costs
Group
202S
Group
2024
Charlty
2025
Charfty
2024
Independent examlners fees
Audit fee5
Other professlonal fees
2,950
2,950
6,000
8,005
14.005
6,000
1,3nn
7,300
9,930
12,880
3,250
6,200
13

Berkeley Castle Charitable Trust
Notes to the consolldated financial statements
For the year ended 31 March 2025
Expenditure
Expenditure for the year Is stated after charglng the following amounts:
Employment costs:
2025
2024
Wages and salarles
Social security costs
Pension
324,549
21,768
8,394
354,711
320,059
20,712
8,684
349,455
Analysis of wages and salarles:
Managementand offlce salarles
Caretaking I security
Guldes
Gardeners
Cleaners and maintenance
Castle shop
Weddlng5 busine55
96,312
67,IS9
24.325
34,749
29,762
32.993
69,411
354,711
91,198
63,101
27,893
29,360
28.975
29,155
79,773
349,455
The average monthly headcount wa5 45 staff (2024: 49 staffj.
No employees recelved emoluments above £60,000 durlng the current or prlor year.
The Trustees receive no remuneratlon for thelr work and do not claim any expenses.
The key management personnel recelved no remuneration durlng the year.
14

Berkeley Castle Charltable Trust
Notes to the consolidated fjnancial statements
Fortheyearended 31 March 2025
10 Fixed assets- group
Castle
chattels
and land
Castle
contents
fixtures and
Improvements
Garden
equlpment
Office
equflpment
Totsl
Cost
At l Aprll 2024
Additions
Disposals
At 31 March 2025
10,263
1,259,108
42,070
17,480
1.283,698
48,772
1,098
390
49,480
15,341
5,428
1,098
19,671
1,333,484
48,596
18,968
1,363,112
10,263
Depreclatlon
At l Aprll 2024
Provlslon for the perlod
Disposals
At 31 March 2025
290.906
152,525
11,939
431,492
30.S39
S,096
390
35.245
9,459
2,309
824
330.904
159.930
13,153
477,681
10,944
Net book value
At 31 March 2025
10,263
852,206
14,235
8.727
885,431
At 31 March 2024
10,263
968,202
18,233
5,882
1,002.580
Flxed assets - charity
Castle
chattels
and land
Castle
Garden
equlpment
Office
equipment
Total
contents
xtures and
Improvements
Cost
At l April 2024
Additions
Dl8posals
At 31 March 2025
10,263
1,088,093
33,572
2,495
1,119,170
48,772
1,098
390
49.480
13,027
5,428
1,098
17,357
1,160,155
40,098
3,983
1,196,270
10,263
Depreclatlon
At l Aprll 2024
Provislon for the perlod
Dlsposals
At 31 March 2025
184,766
138,232
1,786
321,212
30,539
5,096
390
7,145
2,30g
824
222,450
145,637
3,000
365,087
35,245
8,630
Net book value
At 31 March 2025
10,263
797,958
14,235
8,727
831,183
At 31 March 2024
10,263
903,327
18,233
5,882
937,705
15

Berkeley Castle Charitdble Trust
Notes to the consolldated fmancial statements
For the year ended 31 March 2025
IQ Fixed assets (continued)
The net book value at 31 March 2025 represents fixed assets used for:.
Direct char5table purpose5:
2025
2024
Castle chattels
Garden machlnes and equipment
Equlpmentand Improvements
10,263
14.235
852,2a6
876,704
8,727
885,431
10,263
18,233
968,202
996,698
5,882
1,002,580
Management and adminlstratlon of the charSty
11 Flxed asset Investments
UK and overseas equitles..
2025
2024
Market value at l April 2024
Acqulsltions at cost
Dlsposals at opening book value or c05t for new purchases
dSsposed of in the year
Unrealised gains on revaluation
Market value al 31 March 2025
Cash balance (held by brokers)
Investment under management
372,795
16,423
346,761
24,011
[24,143)
25,270
339.805
17,321
357,126
(23,587)
25,610
372,795
2,830
375,625
Hlstorical cost as at 31 March 2025
Securlties
Cash
275,615
17,321
Z92,936
283,540
2,830
286.370
The amount ofE339,805 above represents Investments quoted on a recognised securlties exchange.
UK equltles, commodlties and Axed Interest securltSes
Overseas equltles
92.956
246,849
339,805
92,956
279,839
372,795
Equlty Investment In group undertaklngs
20ZS
2024
Investment in Berkeley Castle Enterprlses LimSted
20,05 1
20,051
16

Berkeley Castle Charitable Trust
Notes to the consolldated flnancial statements
Fortheyear ended 31 March 2025
12 Debtors
Group
2025
Group
2024
Charlty
zozs
Charity
2024
Trade debtors
Berkeley Castle Enterprises Limited
RIG Berkeley Wlll Trust
Berkeley will Trust
VAT
Other debt(Trrs
18,618
24,862
8,867
106,D90
4,4BI
30.437
5,415
22,755
178,045
18,349
260.469
36.435
5,555
17.257
15,468
353,533
4,481
30,437
5,41S
25,381
84,332
36,435
5,555
17,257
20,763
104,872
13 Credltors: amounts falllng due wlthln one year
Group
202S
GrDIIP
2024
Charlty
2025
Charlty
2024
Trade credltors
Berkeley Settlement
Corporatlon tax
PAYE/National Insurance
VAT
Deferred Income
Penslon
Accrual.
Deposits
Berkeley 2002 Settlement loan
10,065
22,701
27,800
37.485
4,813
13,768
22.208
21,356
5,9S6
9,955
4,795
6,145
4,909
4,606
1,558
88,012
1,529
300,000
439,776
1,334
97,725
1,529
300,000
476,813
1,257
15,726
1,529
300,000
342,002
1,187
18,497
1,529
300,000
369,383
I'he loan from the Berkeley 2002 Settlement is repayable on demand but Is expected to be repald over 10 yearg from
2026. No 5nterest Is charged by the Berkeley Settlement on thls loan.
14 Credltors.. amounts falling due after one year
Group
202S
Group
2024
Charlty
2025
Charlty
2024
Deferred Income
16,250
16,250
11,250
11,250
17

Berkeley Castle Charitable Trust
Notes to the consolldated financlal statements
Forthe yearended 31 March 202S
15 Analysis of unrestrlcted funds
Analys15 of charitable funds
General
Total
2025
Total
2024
Balance as at l Aprll 2024
Incomlng resources
Resources expended
Gains and losses
Transfer between funds
Balance at 31 March 2025
1,542,291
660,328
(828,961]
(16,684)
1,542,291
660,328
[828,961)
(16,684)
903,153
1,259,338
[645,810)
25,610
1,356,974
1,356,974
I,S42,291
Analysls of tradlng funds
General
Total
2025
Total
2024
Balance as at l April 2024
IncomSng resources
Resources expended
Balance at 31 March 2025
33,969
308,943
319,013
23,899
33,969
308,943
3 19,013
23,899
39,291
291,412
296,734
33,969
Total unrestricted funds
General
Total
2025
Total
2024
Balance at 31 March 2025
1,380,873
1,380,873
1,576,260
16 Related partytransactlons
Gr(Jup and Charlty
During the year the net effert of Sncome and expendlture transartlons with Berkeley Settlementwas that the Group was
charged £23,717 {2024: £228,627). Berkeley Settlement is a related party by vlrtue of a common Trustee between the
Berkeley Settlement and the group. At theyear end the group owed Berkeley Settlement £13,768 (2024: £37,485).
Durlng the year the net effect of In¢ome and expendlture transartlons with the Berkeley Wlll Trust wa5 that the group
pald expenses of £1,074 (2024.. recelved income of £5,113). The Berkeley Will Trust is a related party by vlrtue of a
common Trustee between the Berkeley Wlll Trust and the group. At the year-end the group was owed £4,481 (2024..
£5,555} from the Berkeley Will Trust.
Durlng the year the net effect of income and expenditure transartions with the RIG Berkeley Wlll Trust was that the
group paid expenses of £5,998 [2024.. received income of E45,691). The RIG Berkeley Will Trust, 15 a related party by
virtue of a common Trustee between the RIG Berkeley Will Trust and the group. At the year-end the group was owed
£30,437 {2024: £36,435) from the RJG Berkeley Wlll Trust.
During the year Spetchley Developments Limited donated Enil (2024.. £500,000) as a gift to the Group. Spetchley
Developments Limited is a related party by virtue of a common Trustee between Spetchley Developments Limited and
the Group.
18

Berkeley Castle Charltable Trust
Notes to the consolidated fInanclal statements
For the year ended 31 March Z02S
16 Related party transactlons
Group and Charlty
During the year the Berkeley 2002 Settlement loaned Enll (2024.. £300,000) to the Group. Berkeley 2002 Settlement Is a
related party by virtue of a director in the Group belng the beneficiary of the Trust. At the year end the Group owed
£300,000 (2024.. £300.000) to the Berkeley 2002 Settlement,
Durlng the year Berkeley Castle Enterprlses Limlted donated £95,651 (2024., £251,765) as a gSft and was charged
£29,339 (2024.. £38.611) for use of the cast]e by the charlty. Berkeley Castle Enterprises Llmited 15 a fully owned
5ubsidlary of the charlty. At the year-end Berkeley Castle Enterprises Limited owed £106.090 to the charity [2024..
£260,469).
Durlng the year a close family member of one ofthe trustees donated £40,000 (2024.. £40,000) to the Group. Another
close famlly member purchased £nil ofgoods from the Group (2024.. £104). No amounts were due to or receivable from
these persons atyear-end12024.. £nll).
There were no donations recelved from trustees durlng the year.
19