Registered Company Number: 03439272 Charity Registration Number: 1064907 Moggerhanger House Preservation Trust (Company Limited by Guarantee) Trustees' Report and Unaudited Accounts for the year ended 31 March 2025 12
Moggerhanger House Preservation Trust Trustees' Report and Unaudited Accounts For the year ended 31 March 2025 CONTENTS Trustees' Report Independent Examiner's Report Statements of Financial Activities Balance Sheet Notes to the Accounts Pages 2-7 8 9 10-11 12-23
Moggerhanger House Preservation Trust Trustees' Report and Unaudited Accounts For the year ended 31 March 2025 The Trustees present their report and unaudited accounts for the year ended 31 March 2025. Trustees who served during the year and to the date of this report: Andrew Boyd Stupple Kim Pearson David Parry Steven Dimon (Appointed 26/05/2025) Chair Andrew Boyd Stupple Registered Office Moggerhanger House Bedford Bedfordshire MK44 3RW 2
Moggerhanger House Preservation Trust Trustees' Report and Unaudited Accounts For the year ended 31 March 2025 The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting of Charities: Statements of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). Objectives and Activities The Charity's principal object and activity continue to be: - to preserve for the benefit of the townspeople of Borough of Bedford in the county of Bedfordshire and of the nation at large, the building known as Moggerhanger house, the park, Moggerhanger, Bedford and the land appurtenant thereto and to use the same for the advancement of the Christian religion Public Benefit Statement The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on Public Benefit, Charities and Public Benefit. Achievements and performance 2024/25 The trustees continue to maintain the fabric of the listed building. The charity continued to develop its model of preservation, restoration and running of the whole estate. Financial Review 2024/25 Income Income for the year 2024/25 amounted to £179k (2024: £207.5k) a decrease of £29k on last year. 3
Moggerhanger House Preservation Trust Trustees' Report and Unaudited Accounts For the year ended 31 March 2025 Expenditure Charitable expenditure for 2024/25 amounted to £383k (2024: £389k) a decrease of £6k from the prior year, this was in line with the increase in income and management expectations. Reserves Total reserves as at 31 March 2025 were £6.9m (2024: £7.14m) a decrease of £204k. The restricted reserves held by the charity were Enil (2024: €5.7m). During the year there was a transfer to unrestricted reserves of f5.6m. Unrestricted reserves as at 31 March 2025 were £6.9m (2024: £1.5m). Further details of the Moggerhanger House Preservation Trust's reserve policy can be found on page 6. Going Concern The trustees have prepared a business plan as a part of the strategic plan of the Charity, where new sources of income will generate surpluses to invest back in the estate. The existing investment portfolio is being re-mortgaged to raise funds to support us through the transition. Investments Trustees have the power to invest funds if and when they become available, this is kept under periodic review. Structure, Governance and Management The Charity is a company limited by guarantee, governed by a Memorandum and Articles of Association. The Company's objects and Articles of Association, as submitted to the Charity Commission and Companies House, follow that: 4
Moggerhanger House Preservation Trust Trustees' Report and Unaudited Accounts For the year ended 31 March 2025 • The Centre for Moggerhanger House Preservation Trust's Board is the ultimate decision-making body to manage the organisation on a day-to-day basis. Trustees will also be known as directors. • The number of Trustees is subject to a maximum of 12 but shall never be less than four. Any appointment of reappointment of a Trustee will be for a term of three years. • The Directors may appoint a person who is willing to act to be a Director. • A Directors shall cease to hold office if he or she resigns but this is subject to there being two trustees to remain in office. • At each AGM one third of the Trustees will retire from office in order of their respective terms in office. Statement of Trustees' Responsibilities The Trustees (who are also Directors of the Moggerhanger House Preservation Trust for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the Charitable Company and of the incoming resources and application of resources, including the income and expenditure, of the charity for that year. In preparing these financial statements, the Trustees are required to: Select suitable accounting policies and then apply them consistently. Observe the methods and principles in the Charities SORP 2019 (FRS 102). Make judgements and estimates that are reasonable and prudent. • State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charitable Company will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charitable company and enable them to ensure that the financial statements comply with the Companies Act 2011. They are also responsible for safeguarding the assets of the Charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 5
Moggerhanger House Preservation Trust Trustees' Report and Unaudited Accounts For the year ended 31 March 2025 The Directors are responsible for the maintenance and integrity of the corporate and financial information included on the Charitable Company's website. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements may differ from legislation in other jurisdictions. Trustee induction and training Once new Trustees have been appointed, they go through an internal induction process where they are invited to meet key Trustees. During their induction, new Trustees are briefed on their legal obligations under charity and company law. Organisation The governing body of the Charity is the Board of Trustees, which met quarterly during the year 2024/25. There are 4 Trustees currently in office. Risk and Internal Control The Trustees have overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and otherwise. Trustees are also responsible for safeguarding the assets of the Charity and taking reasonable steps for the prevention and detection of fraud and other irregularities providing reassurance that: 1. The Charity complies with relevant laws and regulations. 2. Its assets are safeguarded against unauthorised use or disposition. Proper records are maintained, and financial information used within the Charity or for publication is reliable. The principal risks facing the Charity are financial in ensuring that sufficient monies are available to ensure the continuity of ongoing activities of the Charity. The Charity is looking to mitigate this risk by reviewing diverse and sustainable sources of income to achieve its strategic objectives. Reserves Policy A majority of the Charity's assets are in the form of buildings, land or chattels which are germane to the Sane building, the Repton landscape and heritage. 6
Moggerhanger House Preservation Trust Trustees' Report and Unaudited Accounts For the year ended 31 March 2025 The charity investments consist of solely property which is part of the estate and considered integral to the operation of the Charity. The Charity has free reserves of Enil (2024 :Enil). The building up of cash reserves to fund future dilapidations and improvements continues to be of paramount importance to the Trustees. Plans for the future The vision for the future is aligned with the "Original Intent" or vision for the use of the estate that was published in 1986. Moggerhanger Park would be a centre where leaders would gather, away from the daily routine of life and work, for the purpose of seeking what God is saying to them for their task of leadership. These include leaders from political life, industry, academia and the Church. The Charity continues to develop the business plan aligned to these principles. Kim Pearson Trustee Date: 23 December 2025
Independent examiner's report to the trustees of Moggerhanger House Preservation Trust ('the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2011 ('the 2011 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act). In carrying out my examination f have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Independent examiner's statement Since your charity's gross income exceeded £25,000, your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies. I have completed my examination.! confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect 1. 2. 3. accounting records were not kept in respect of the Company as required by section 130 of the 2006 Act; or the accounts do not accord with those records; or the accounts did 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 any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination. I draw users' attention to the going concern information included in the financial review within the Trustees' Report in order to enable a proper understanding of the accounts to be reached. I have no other concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached. B Aylward Dorking, SURREY FCA 9153913, Date: 23/12/25
Statement of Financial Activities Including Income and Expenditure Account For The Year Ended 31 March 2025 Notes Unrestricted Funds Restricted Funds € Total 2025 € Income Donations and grants Charitable activities Investment income Other income Total incoming resources Expenditure Charitable activities Other Expenses Total expenditure Net income/(expenditure) Transfer between reserves Net movement in funds Reconciliation of Funds Fund Balance at 1 April 2024 Total funds carried forward - 4 - 33,589 118,555 26,808 - 178,952 - 258,203 14,442 - 110,105 272,645 110,105 (93,693) (110,105) 5,566,740 (5,566,740) 5,473,047 (5,676,845) 1,462,252 5,676,845 6,935,299 - 33,589 118,555 26,808 - 178,952 258,203 124,547 382,750 (203,798) - (203,798) 7,139,097 6,935,299 All of the activities of the Charitable Company are classified as continuing. The notes on pages 12-23 form part of these financial statements. 12 Total 2024 € 6,824 170,947 29,761 - 207,532 263,235 125,865 389,100 (181,568) - (181,568) 7,320,665 7,139,097
Moggerhanger House Preservation Trust Balance Sheet For the year ended 31 March 2025 Fixed Assets Tangible Assets Heritage assets Investments Current Assets Debtors Cash at bank and in hand 10 Current liabilities Amounts falling due within one 11 year Net current assets Total assets less current liabilities Long term liabilities Amounts falling due greater than 12 one year Net Assets The funds of the Charity Restricted funds Heritage Assets Restoration of Moggerhanger House and landscape Unrestricted funds-General Unrestricted funds-Designated Total unrestricted funds Notes 7 8 9 € Company No 03439272 2025 € 456,370 5,187,460 1,653,059 7,296,889 2024 580,917 5,187,460 1,653,059 7,421,436 50,595 2,666 53,261 (295,226) 33,997 56 34,053 (183,869) (241,965) 7,054,924 (149,816) 7,271,619 (119,625) 6,935,299 (132,522) 7,139,097 15/16 - 5,187,460 489,385 1,462,252 1,747,839 5,187,460 6,935,299 6,935,299 5,676,845 1,462,252 7,139,097 10
Moggerhanger House Preservation Trust Balance Sheet For the year ended 31 March 2025 Company No 03439272 For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 related to small companies. The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP. The notes on pages 12-23 form part of these financial statements Approved by the Board of Trustees 23 December 2025 and signed on its behalf by: Kim Pearson Trustee 11
Moggerhanger House Preservation Trust Notes forming part of the Financial Statements For the year ended 31 March 2025 1. Accounting Policies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: (a) Basis of Preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2019) (Charities SORP FRS 102) and the Companies Act 2011. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). They are prepared in sterling which is the functional currency of the Charitable Company and rounded to the nearest £1. (b) Preparation of the accounts on a going concern basis The Trustees have considered the financial sustainability of the charity for both existing and future funding streams. The Trustees are confident that both the cost management measures taken as well as the decision to re- mortgage the existing investment portfolio will secure the immediate future of the charity. This assessment is made for the next 12 to 18 months and it is on that on this basis the assessment of the trustees is that the Charity is a going concern. (c) Income All incoming resources are included in the statement of financial activities when the Charity is entitled to the income, there is sufficient certainty of receipt and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income. Donations services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been 12
Moggerhanger House Preservation Trust Notes forming part of the Financial Statements For the year ended 31 March 2025 met, the receipt of the economic benefit from the use of the company of the item is probable and such a benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the time of volunteers is not recognised. On receipt donated services and facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain the services/facility of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Trading income is recognised when an event takes place. Rental income is recognised when received with any income in advanced being deferred to the relevant period. Grant income is recognised in line with the agreement or when expenditure is incurred. Interest on funds held on deposit is included when received. (d) Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. The accounts are prepared on the accruals basis, liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the Charity to expenditure. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates. Expenditure on raising funds consists of all those expenses that are incurred by trading for a fundraising purpose in either donated or brought-in-goods or in providing non-charitable services to generate income, as well as the costs associated with attracting voluntary income. 13
Moggerhanger House Preservation Trust Notes forming part of the Financial Statements For the year ended 31 March 2025 Expenditure on charitable activities comprise all the resources applied by the Charity in undertaking its work to meet its charitable objectives as well as the cost of raising the funds to finance these activities and governance costs. Charitable activities are all the resources expended by the Charity in the delivery of goods and services, including its programme and project work that is directed at the achievement of its charitable aims and objectives. These costs include direct costs of the charitable activities together with those support costs incurred that enable these activities to be undertaken, as well as governance costs which relate to the general running of the Charity as opposed to the direct management functions inherent in generating funds, service delivery and programme of project work. These activities provide the governance infrastructure which allows the Charity to operate and to generate the information required for public accountability and include the strategic planning purposes that contribute to future development of the Charity. Governance costs include such items as external audit, legal advice for Trustees and costs associated with the constitutional and statutory requirements of the Charity. All costs are allocated between the expenditure categories of the Statement of Financial Activities (SOFA) on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis. (e) Tangible fixed assets Depreciation is provided at the following rates in order to write off each asset over its estimated useful life: - Improvements to property -10% on cost Plant and machinery -not provided Fixtures and fittings -33% on cost Freehold property improvements relate to landscaping works completed at Moggerhanger. These works were completed in 2016 and maintenance work will be required in future years to prevent any visual deterioration. As a result, the landscaping works were depreciated over 50 years. Since April 2019 the policy was changed to depreciated over 10 years. The Trustees considered their value to be impaired. 14
Moggerhanger House Preservation Trust Notes forming part of the Financial Statements For the year ended 31 March 2025 Antiques relate to items of antique furniture purchased for use within Moggerhanger House. Although these assets are in use, due to the nature the Trustees considered their value to be impaired. (f) Heritage assets Heritage assets are fixed assets which are of historical significance and are held in order to support the preservation and conservation objectives of the Charity. As such, they comprise of Moggerhanger House and ground, which is carried at the original cost or valuation when it was transferred to the Charity plus the cost of additions to date to restore both the property and grounds. Heritage assets are not depreciated, as the Trustees consider that the lives of these assets are sufficiently long and their residual value, based on prices prevailing at the time of acquisition and subsequent valuation, are sufficiently high that their depreciation is insignificant. Any permanent diminution in value caused by obsolescence is charged to the SOFA as appropriate. Any general repairs and maintenance are written off in the year to which they relate. (g) Investment property Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising in changes to fair value is recognised in the SOFA. (h) Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three to six months. (i) Fund Accounting General funds are unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds can only be used in accordance with specific restrictions imposed by donor, or which have been raised by the company for a particular purpose. The cost of raising and administering such funds are charged 15
Moggerhanger House Preservation Trust Notes forming part of the Financial Statements For the year ended 31 March 2025 against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 2 Legal status of the Trust The Charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. 3 Income Donations and Unrestricted Restricted legacies income 2025 Total 2025 Total 2024 2025 f - Donations 33,589 Total 33,589 There was f2,100 of Restricted Donations in 2024 Charitable activities Unrestricted Restricted income 2025 2025 Events Accommodation Tea room and catering Other 18,951 2,267 69,241 28,096 Total 118,555 All income in 2024 was unrestricted. Investment Unrestricted income 2025 26,755 53 : - Restricted 2025 Rents received Bank Interest 33,589 33,589 6,824 6,824 Total 2025 Total 2024 18,951 2,267 69,241 28.096 118,555 10,899 74,544 74,812 10,692 170,947 Total 2025 € 26,755 53 Total 2024 € 29,580 181 26,808 26,808 29,761 Total All income in 2024 was unrestricted. 16
Moggerhanger House Preservation Trust Notes forming part of the Financial Statements For the year ended 31 March 2025 4 Expenditure The Statement of Financial Activities provides an analysis of the resources expended by the charity by the nature of activities undertaken by the charity. Resources expended are split into two main activity categories: (a) Expenditure on Charitable Activities and (b) Costs of raising funds (a) Expenditure on charitable activities (b) Expenditure on raising funds € 2025 Total 2024 Total Marketing 324 324 Staff costs 61,355 61,355 Catering, Room and event costs 29,636 29,636 Building and ground maintenance 57,561 57,561 Insurance 46,815 46,815 Rates and utilities 19,808 19,808 Telephone 7,512 7,512 Sundries 9,787 9,787 Waste 3,405 3,405 Legal and professional 8,511 8,511 Bad Debts - - Bank charges 1,384 1,384 Bank loan interest 8,526 8,526 Depreciation 124,547 124,547 Governance costs 3,579 3,579 Total Resources Expended 382,750 - 382,750 434 61,577 50,433 27,630 23,271 56,544 6,058 10,540 3,082 9,753 (2,143) 2,386 10,563 125,865 3,108 389,100 In 2024 £277,662 of Charitable expenditure was unrestricted, £111,439 restricted. All 2024 governance costs were unrestricted. Net Income/(Expenditure) Net Income/(Expenditure) is stated after charging/(crediting)- 2025 € 2024 Independent examiner fees Accountancy fees Depreciation owned assets 600 2,500 124,547 600 2,500 125,865 17
Moggerhanger House Preservation Trust Notes forming part of the Financial Statements For the year ended 31 March 2025 5 Trustees No Trustee or any persons connected with them received any remuneration or expenses during the year (2024: nil). 6 Staff costs 2025 € 2024 Wages and salaries Other pension costs 60,676 679 60,811 766 61,355 61,577 The average number of employees in the year was 6(2024:3). No employee received employee benefits (excluding employer pension costs) of more than £60,000 (2024: nil). 7 Tangible Fixed Assets Costs As 01 April 2024 Additions Disposals As at 31 March 2025 Depreciation As 01 April 2024 Charge for the year Disposals As at 31 March 2025 Net Book Value 31 March 2025 Net Book Value 31 March 2024 Improvements to property 1,245,000 - - 1,245,000 696,655 124,500 821,155 423,846 548,345 Plant & Machinery 32,462 - - 32,462 - 32,462 32,462 Fixtures and fittings 221,707 : 221,707 221,598 47 - 221,645 62 109 Total 1,499,169 - 1,499,169 918,253 124,547 1,042,799 456,370 580,917 18
Moggerhanger House Preservation Trust Notes forming part of the Financial Statements For the year ended 31 March 2025 8 Heritage assets Moggerhanger House & grounds Costs less impairment As 1 April 2024 Additions f 5,187,460 - As at 31 March 2025 5,187,460 Net Book Value 31 March 2025 5,187,460 Net Book Value 31 March 2024 5,187,460 There have been no heritage asset transactions in the last five years. The Charity holds in trust Moggerhanger House and ground. National and international standards in the care of the house and grounds and followed with every endeavour to protect and safeguard the asset for future generations. 9 Investments Fixed asset Investments Shares in group undertakings Costs As 01 April 2024 2 As at 31 March 2025 Provisions As 01 April 2024 and 31 March 2025 2 1 As at 31 March 2025 Net Book Value 31 March 2025 Net Book Value 31 March 2024 1 1 1 There were no investment assets outside of the UK. At the balance sheet date, the company's investment in shares included - Moggerhanger Park Services Limited -100% Ordinary shareholding Registered company number 13621750 Moggerhanger Park Limited -100% Ordinary shareholding Registered company number 04964099 19
Moggerhanger House Preservation Trust Notes forming part of the Financial Statements For the year ended 31 March 2025 Moggerhanger Park Services Limited (MPSL) was incorporated on 14 September 2021 and is a wholly owned subsidiary of Moggerhanger House Preservation Trust. On 20 January 2023 liquidators were appointed for MPSL. The balance with MPSL has therefore been provided for. Moggerhanger Park Limited is a wholly owned subsidiary of Moggerhanger House Preservation Trust and is currently not trading. INVESTMENT PROPERTY Costs less impairments As 1 April 2024 1,653,059 As at 31 March 2025 1,653,059 Net Book Value 31 March 2025 1,653,059 Net Book Value 31 March 2024 1,653,059 The valuations were made by Trustees, on an open market value for existing use basis. Cost less impairment as at 31 March 2025 is represented by: Valuation in 2009 Valuation in 2012 Costs 234,035 (100,000) 1,519,024 1,653,059 10 Debtors 2025 2024 Prepayments Other debtors 47,595 3,000 33,997 - 50,595 33,997 An amount of f15,492 is due from Moggerhanger Park Services Limited (2024: €15,492) as the company has gone into liquidation, this amount has been fully provided for as at 31/03/2025. This liquidation remains in the process of being completed. 20
Moggerhanger House Preservation Trust Notes forming part of the Financial Statements For the year ended 31 March 2025 11 Creditors: amounts falling due within one year Bank loans and overdrafts Trade creditors Accruals and deferred income Taxation and social security Other creditors 2025 € 25,646 148,278 5,753 7,760 107,789 2024 25,646 122,271 4,600 16,439 14,913 295,226 183,869 As at 31/03/2025, within accruals and deferred income, Enil relates to deferred income (2024: £1,500). Within Bank loans and overdraft, £25,646 is a secured debt compromising of a mortgage on the investment property which sits within investments. 12 Creditors: amounts falling due greater than one year 2025 € Bank loans 119,625 2024 € 132,522 Total 119,625 132,522 Within Bank loans £119,625 is a secured debt compromising of a mortgage on the investment property which sits within investments. 13 Taxation The Company is a registered Charity, and no provision is considered necessary for taxation to the extent that income and gains are applied to its charitable objects. 14 Related party transactions One of the Trustees, Kim Pearson, is a director of Green Caterpillar Consulting Ltd which provided accountancy services during the year of f2,500 (2024: f2,500). Harvest Vision made donations during the year of £22k (2024: Enil) There are no other related party transactions. 21
Moggerhanger House Preservation Trust Notes forming part of the Financial Statements For the year ended 31 March 2025 15 Analysis of Fund Movements Balance at 1 April 2024 Restricted Funds Unrestricted Funds Total Funds Restricted Funds Unrestricted Funds Total Funds 5,676,845 1,462,252 7,139,097 Balance at 1 April 2023 5,788,284 1,532,382 7,320,665 Movement in funds Transfer of funds Income Expenditure 110,105 (5,566,740) 178,952 272,645 5,566,740 178,952 382,750 Movement in funds - Transfer of funds Income Expenditure 2,100 € 111,439 205,433 277,663 (2,100) 2,100 207,533 389,100 - Balance at 31 March 2025 € - 6,935,299 6,935,299 Balance at 31 March 2024 5,676,845 1,462,252 7,139,097 16 Analysis of Net Assets Between Funds Fund balances at 31 March 2025 are represented by: Fixed Assets Current Assets Current liabilities Long term liabilities Total Unrestricted funds € 7,296,889 53,261 (295,226) (119,625) 6,935,299 Restricted funds Total € - 7,296,889 53,261 (295,226) (119,625) 6,935,299 The Heritage assets (note 8) are contained within the Fixed assets balance. The remainder comprises unrestricted funds. 22
Moggerhanger House Preservation Trust Notes forming part of the Financial Statements For the year ended 31 March 2025 Fund balances at 31 March 2024 are represented by: Fixed Assets Current Assets Current liabilities Long term liabilities Total € 5,676,845 1,744,591 34,053 (183,870) (132,522) 1,462,252 5,676,845 7,421,436 34,053 (183,870) (132,522) 7,139,097 As of 31 March 2025, the Charity decided to transfer the restricted income funds to the unrestricted funds. This decision was made because the funds originally gifted for property repairs are no longer subject to any conditions, allowing the Charity to use the asset freely for any charitable purpose. 17 Post Balance Sheet Events In May 2026, the Charity remortgaged with Hampshire Trust for £338,640. The mortgage is secured against the property and fixed for 60 months at an interest rate of 7.19%. Of this amount, f105,459 of this was used for the redemption of the existing secured debt with Virgin Money. 23