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2023-12-31-accounts

REGISTERED COMPANY NUMBER: 03428819 (England and Wales) REGISTERED CHARITY NUMBER: 1065569

REPORTS OF THE TRUSTEES AND THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE COPPED HALL TRUST

CONTENTS

Page(s)
Reference and Administrative Details 3
Directors and Trustees 3
Trustees’ Annual Report 4 – 14
Statement of Financial Activities 15
Balance Sheet 16
Cashflow Statement 17
Notes to the Financial Statements 18 – 28
Auditor’s Report 29 – 31

Page 2

REFERENCE AND ADMINISTRATIVE DETAILS

PATRONS Jennifer Tolhurst, Lord Lieutenant of Essex Lucinda Lambton

TRUSTEES A M Cox Chairman V I Knope Hon Secretary Retired 31 December 2023 P McKinder G R Speller L Robertson D Burton M Smith Appointed 6 July 2023 A Lewis Appointed 29 December 2023 J Taylor Appointed 30 June 2024 J Dawson Hon Secretary Appointed 30 June 2024 COMPANY SECRETARY John Dawson REGISTERED OFFICE Copped Hall The Stables Courtyard Epping Essex CM16 5HS

COPPED HALL TRUST 1065569 REGISTERED CHARITY NUMBER

REGISTERED COMPANY NUMBERS - COPPED HALL TRUST 03428819 (England and Wales) COPPED HALL ENTERPRISES 03894615 (England and Wales) LIMITED

AUDITOR Alwyns LLP Crown House, 151 High Rd, Loughton IG10 4LG

Page 3

COPPED HALL TRUST – TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

OBJECTIVES AND ACTIVITIES

The objects of the Trust are, in summary, to conserve, restore and maintain Copped Hall, near Epping in Essex, and to use the site for educational and community purposes.

The Copped Hall site was occupied in the 12[th] century. During the 14[th] century it belonged to the Abbots of Waltham, was extended from 180 to 300 acres and in 1537 was given to Henry VIII in the hope of saving Waltham Abbey (it was dissolved three years later). In the middle of the 16[th] century it changed hands and Elizabeth I gave it to Sir Thomas Heneage who largely rebuilt it to form a very impressive mansion. In 1739 the Estate was sold to Edward Conyers and after his death his son, John, decided to demolish the Elizabethan mansion in 1748 as he wanted to express himself with a new Palladian mansion on a different part of the site. Little remains of the Elizabethan mansion although there is much information about it and our archaeologists are constantly finding out more.

The Georgian mansion is very well proportioned with an excellent principal floor plan. Together with its landscaped park it forms a perfect example of an ‘18th century house in landscape’. There is also a mid18[th] century 4-acre walled garden producing flowers, fruit and vegetables. In 1869 Copped Hall was acquired by the extremely wealthy George Wythes. Between 1894 and 1897 his grandson substantially enlarged the Copped Hall with elaborate extensions. An architectural Italianate garden was constructed to the west and the mansion was extended by two wings – one for extra accommodation to the north and to the south a large winter-garden or conservatory. By 1900 the gardens were looked after by at least 31 gardeners with a staff of 27 in the house.

In 1917 the Georgian mansion was tragically burnt out and, although the gardens were maintained until World War II, the mansion was not rebuilt and gradually fell victim to asset stripping and dilapidation. Later the M25 was constructed through a corner of the park. Despite all this the structure of the shell remained in surprisingly good condition.

The Campaign

A nine-year campaign was fought from 1986 to 1995 to save Copped Hall and its 1,000-acre park from large-scale development. This group that fought the campaign was called the ‘Friends of Copped Hall’ and comprised representatives of local conservation societies. The aims were to secure the freehold of Copped Hall and gardens in a charitable trust and then, after careful research, to restore the mansion and gardens for educational, cultural and community uses. The campaign was a success.

Extracts from SAVE Britain's Heritage “The Destruction of the Country House - 40 Years On” -

“Successive commercial proposals were put forward …. All were fought off by local campaigners …. The specially formed Copped Hall Trust bought the mansion and gardens …. This is a model of what voluntary groups can achieve.”

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COPPED HALL TRUST – TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Getting organised

The Copped Hall Trust was set up in 1993, purchased the freehold of the mansion and gardens in 1995 and then began to restore the buildings and gardens after careful research. The freehold of the walled kitchen garden was acquired in 1999.

What the Trust had acquired was essentially a shell inhabited with trees. The service buildings were partly burnt, the lead had been stripped from the roofs, the gardens were overgrown and many parts of the premises had been vandalised. The first five years of the Trust’s operations consisted of restoring the service buildings and racquets court while clearing the gardens and making the site secure.

In 1998 Trustees set up the ‘ Friends of the Copped Hall Trust ’ to support the Trust and its objectives. The Friends now have around 1,300 members from whom are drawn volunteers who assist with all aspects of the project. Most of the volunteers are grouped into teams - with a team leader - focusing on different parts of the project.

As interest in the project grew a still growing community of volunteers began clearance of non-original vegetation together with the clearance of debris from the mansion. Soon after the site had been acquired guided tours were organised and, once floors and roof structures were reinstated, it became possible to hold study days and concerts and later, as the mansion became increasingly usable, events such as meetings of local organisations.

Volunteers continue to be an essential element of the restoration project. By the time of approving this report the community of volunteers had grown to 183. Their huge contribution in generating income and saving costs is not included in the Trust’s accounts. During the pandemic restrictions many volunteers continued to work in the mansion’s gardens and grounds using their own tools. Having 27 acres they were able to keep more than the recommended social distance from each other. Many have expressed how beneficial this was to their well-being.

Grants from organisations and donations from individuals began to help to finance the restoration, all of which has been managed by the Trustees under the direction of the Trust’s Architect and Project Manager in consultation with the authorities.

The vision

The vision for Copped Hall is that, through a programme of restoration of the mansion and gardens and of improvement in the facilities it provides, it will become the premier local and first-class national venue for community, cultural and educational use. Conferences will be added to the range of study days, lectures and workshops which already exist such as archaeology, social history, horticulture, astronomy, historic buildings and care of historic buildings. These subjects will be extended to include other related matters such as garden and landscape design. Copped Hall has hosted several conferences on the welfare of bees. We have on our team a retired biologist who has carried out an audit of all the wildlife on the estate, assembled exhibitions and given regular lectures at Copped Hall on his findings and the effects of climate change. It is also an element of the vision for Copped Hall that it will be a venue for conferences, lectures, study days and workshops more broadly for the conservation of the natural world.

Whilst the restoration of Copped Hall inevitably involves the consumption of energy, the mansion is not permanently heated and energy consumption is kept to an absolute minimum. If the campaign had not succeeded, there can be little doubt that the negative environmental impact of private development involving vast new buildings on the conservation area would have been far greater.

The Trust will gradually expand the number of concerts and theatrical productions it hosts and provide for meetings of community groups. As ever, this expansion of activities will draw on the community of local volunteers.

ACHIEVEMENTS AND PERFORMANCE

At any one time the Trust has a number of minor and major restoration projects in progress. The purpose of the minor projects is to improve the experience of visitors and make the Hall more useable for the many events taking place in and around it.

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COPPED HALL TRUST – TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Restoration

In 2023 the main focus of the programme of major projects was on –

The Library The intended uses for Copped Hall, throughout the campaign to save Copped Hall, were education, culture and community - with particular emphasis on education. Copped Hall provides a rich subject matter in terms of history, architecture, garden design, landscape and many other related subjects. It is therefore necessary that Copped Hall should have a library. The library is in the process of construction on the second floor of the mansion. This project is partly funded by a donor. Various collections have been promised to the Library.

~~—~~ Staircase landings

At the centre of the mansion there are two stairwells that were originally lit from two skylights. We have not reinstated the skylights as yet but are working to reconstruct the adjacent landings at second floor level. There are several parts to the landings as they separated by four sets of triple open arcades. This is architecturally a very successful arrangement. We have reinstated the stub corridor beside the open arcades beside the secondary stairwell. The three door openings off the stub corridor line up exactly with the three open arcades opposite.

The Stone Staircase The original Georgian stone staircase gave access to the first and second floors. It was smashed out in the 1950s after the mansion was abandoned. Fortunately, the stub ends of the stone steps and landings were left embedded in the walls. This fact gave us accurate information to enable the staircase to be reconstructed in Portland stone. The project has now advanced so that 42 of the steps have been installed with another 17 to go - including a long landing at the top. This project has created a lot of support with all the work to date being funded by private individuals. The ongoing reinstatement of this key feature of the Georgian mansion sends a clear message that Copped Hall was not only an excellent building but one worthy of full restoration.

Wing Corridor

~~OT~~

The wing of the mansion was finally abandoned around 1950 and the wing corridor roof gradually collapsed through lack of maintenance. We have now reinstated this roof using a beam and block construction and installed an asphalt roof. To enable the roof to be constructed, extensive work had to be carried out to the stonework on the outside of one wall to the corridor.

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COPPED HALL TRUST – TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Second floor staircase corridor

This corridor is one of two corridors - placed either side of the central stairwells. The corridor is the first to be completed and is part of the recent programme of reconstruction that has taken place at second floor level. The three arcaded openings to the left look onto the northern staircase. Immediately opposite these arcades are three doorways onto office accommodation. The door at the end leads to the Administration Room.

The form of this reconstructed corridor follows exactly detailed evidence as to how it was arranged when the mansion was constructed in the 18th Century.

Wintergarden Restoration The Wintergarden was an excellent building and well worth restoring in phases. Two skilled volunteers have adopted the project and carry out works on two days of the week. The first phase of reconstruction was to reinstate the basement floor over the reservoirs. The next stage was the rebuilding of the short walls that support the final floor structure. An access ramp in the adjacent former glazed corridor enables public access into the Wintergarden. In addition a member of the Friends has constructed a detailed professional model of the building which has attracted a lot of attention.

The Perron is an architectural term referring the grand stone staircases that lead to the first floor terrace that abuts the garden front of Copped Hall. This structure was partly dismantled around 1960 and many parts sold off. The Perron has about 50% of its structure remaining. We have collected up all the discarded stones lying around the site and identified their location within the structure. We are now starting to rebuild parts of Perron using specialist stone contractors. We know the whereabouts of a large quantity of the original stonework and are endeavouring to obtain its return. If this can be achieved we will be well on the way to achieving the restoration.

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COPPED HALL TRUST – TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Lavatories

We have long wanted to replace and enlarge our temporary lavatory facilities. The new arrangement comprises a row of seven selfcontained cubicles off an internal corridor. Each cubicle has its own hand wash basin but with the end two cubicles temporarily arranged as a disabled facility until we can construct a dedicated disabled lavatory nearby. In the process of levelling the floor we unearthed a section of multi-coloured Victorian tiled floor. This is being restored and extended right through the length of the lavatory corridor. Along the wall opposite the cubicles we have revealed the old butler's fireplace and also the doorway to the original servants hall. It is important to us to preserve such features to illuminate the history of Copped Hall for our visitors.

Ground Floor Corridor

Now that the new lavatories have their own dedicated circulation space, the ground floor corridor has been freed from providing access to the two lavatories it did previously. The main corridor has been plastered and painted. In due course two doors will be fitted to the side wall - one to a new store and one to a new kitchen to serve the South Room. The double doors at each end of the corridor are temporary and will have to remain until funds become available.

Many of the ground and first floor windows have been installed and 21 of the 33 second floor ~~re~~ windows have now been fitted. It would be very beneficial to install the remaining windows for two reasons … firstly, it would enable Copped Hall to look much more complete and welcoming and, second, we are now beginning to use the rooms on the second floor. All the windows on the ground and first floor have been fitted with steel external shutters for security reasons and the mansion looks rather bleak when they are closed. The second floor windows would not need external shutters.

Education

The Trust’s educational object continues to be addressed in many different ways -

Restoration of the mansion and gardens is in itself an educational vehicle. Visitors come time and time again to see how the restoration is progressing. It is often commented upon that it is rare to see a historic building being reassembled from a ruin. Some say it is more interesting than visiting a completed historic building!

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COPPED HALL TRUST – TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

There are normally 11 guided tours for the public each year and also a number of special interest private tours. Open Days are in May/June, August and October. These guided tour days and open days give the public a chance to explore the mansion and gardens and ask detailed questions about the restoration and the design of the building. The gardens are also opened independently of the mansion.

Copped Hall - being on high ground - is an ancient site of human habitation. The Copped Hall Trust has joined with the West Essex Archaeological Group (WEAG) to explore and document the Trust's land including the site of the Elizabethan Mansion at Copped Hall. Every year there are series of investigations carried out which are principally educational. In May WEAG advance their explorations making their findings understandable for the public at the May Open Day. In the summer WEAG hold 'Taster Weekends' onsite to introduce members of the public to Archaeology . WEAG also runs Training Courses for those who already have some knowledge of archaeology. The Trust has created display, storage and archive facilities for the archaeologists. Copped Hall is proving a rich archaeological site with even Roman artefacts being unearthed.

The School team would normally host a variety of study days covering Living History, Creative Writing, Art, Habitat and Plants and Archaeology. These days have been re-modelled to ensure we deliver an enrichment day which is tailored to the latest Primary Education requirements as well as reflecting the history, environment and culture of Copped Hall. We are also expanding our provision to cater for the requirements of Secondary schools. We strive to broaden the opportunities we offer to local schools, ensuring that they reflect the curriculum and financial constraints of the schools.

Adult Education

For many years now we have arranged Study Days, Workshops and Lectures which have been well attended. Education is the primary aim of the Trust apart from the restoration of the buildings and gardens. All the time we are endeavouring to improve our educational facilities and seek to include conferences on conservation and other related issues.

Culture, recreation and public/ community benefit

Copped Hall has become a significant element of the local community, providing an outlet for the considerable energy of its volunteers, a venue for education and culture, an interest for its visitors and a virtually unique model of community action to acquire, conserve and restore heritage assets. Whilst most of its Friends live in the Epping Forest and North-East London area, there is considerable interest elsewhere in the UK and indeed some interest in Ireland, Canada, Australia and the USA.

The Trust is recognised by, and works with, authorities and organisations involved or interested in its work. The following diagram illustrates how the Trust fits into the local community and wider society.

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COPPED HALL TRUST – TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

FINANCIAL REVIEW

The Trust’s principal sources of finance have been –

  1. The sale of leaseholds

  2. Grants from institutions, individual donations and legacies

  3. Gift aid

  4. Events within its primary purpose and

  5. A limited amount of trading

Copped Hall was purchased by the Trust entirely via loans from the Architectural Heritage Fund and a private trust. These were repaid by the sale of six leasehold dwellings created within the existing service buildings. The loans were mostly paid off by the year 2000 and since that time the Trust has advanced all aspects of the project by the four other sources of finance above. At the 31 December 2023 the investment in the purchase and restoration had reached around £4.17m ( please see note 10 ), not including the considerable input from the volunteer community.

During 2023 the Trust invested around £312.1k in restoration of the mansion and Orchard House, spent around £196.5k on small works and around £79.5k on the maintenance and restoration of the grounds - altogether around £588k.

The Trustees are enormously grateful to all grantors, donors, friends and volunteers, past and present.

Risk and uncertainty

The Board has established a Risk and Compliance Committee and a Health and Safety Committee, the latter consisting of all Trustees and one specialist Health and Safety Advisor. The Risk and Compliance Committee advises the Board on all aspects of Risk apart from Health and Safety. The Trust has developed a Risk Register and uses that to score and monitor risks and record and monitor appropriate actions. The most significant risks at the time of reporting concern the potential loss of the skills and knowledge of key individuals, including Trustees, and Health and Safety as the mansion and grounds are restored. The Board has agreed a number of significant measures to reduce the probability and impact in particular of fire hazards and has set funds aside to that end.

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COPPED HALL TRUST – TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Going concern

The accounts have been prepared on the basis that the Trust is a going concern. The Trustees are confident that this is the case having set aside funds for project costs over 18 months from the time of approving this report.

In the last 4 - 5 years the Trust has received some particularly generous legacies and these cannot reasonably be expected to recur in the future, at least not at recent levels. They have allowed the Trust to accelerate many projects both before 31 December 2023 and within the following 12 – 18 months.

At the end of 2023 the Trust’s unrestricted funds not already invested in fixed assets were £567.6k (cf 2022 £872.8k). Of those balances £498.6k had been designated by the Board for expenditure on works planned for the following 12 to 18 months.

Reserves policy

The Trust’s Reserves Policy is that -

Expenditure from unrestricted funds in the first 3 months of 2024 was around £188.6k, of which around £161.0k was on projects.

Investment policy

For the foreseeable future it is not anticipated that the Trust will have sufficient investments to invest primarily for a return, as the majority of bequests and gifts to the Trust it is anticipated will be applied over a short-term period for the ongoing restoration of the Trust property in accordance with the Trust’s 5-year plan in furtherance of the Trust’s charitable objects. The principal focus of the Trust’s current investment policy is therefore capital preservation at an acceptable level of risk.

The Trust has currently no permanent endowment though, were it to receive one, the policy would be amended to consider for that element of our investments an appropriate return strategy but consistent with the overall objective of capital preservation.

In the context of the overall financial position of the Trust, for the foreseeable future, the investment policy for those investments held in support of the Trust’s reserves policy will also be consistent with that for bequests and donations, though the financial instruments held for this element of the overall investments held, is expected to be wider reflecting a longer-term view that would be appropriate.

The expectation is therefore that for the short term, the great majority of investments will be held in cash or liquid money market funds diversified to ensure capital preservation but seeking the best return consistent with such a policy.

To achieve these overall objectives the Trust will appoint an investment adviser in respect of the total investments held, and the mandate given to this adviser will include, wherever applicable, consideration of environmental, social and governance factors.

FUTURE PLANS

The Copped Hall Estate

Our project occupies some 30 acres in the middle of 1,000 acres of landscaped parkland and previously working farm. The 1,000 acres comprises numerous ownerships. We regard it as essential that we are on good terms with all the owners including the City of London who own over 800 acres of the parkland. Regular meetings and correspondence are vital in this regard and this will be developed further in the coming years. As the restoration of Copped Hall and its gardens proceed, it is hoped that the restoration of key features in the Parkland will follow. The mansion and parkland were originally conceived as one inter-related entity and we should like their future can seen as such.

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COPPED HALL TRUST – TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

A five-year plan

The Trust plans -

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Trust was originally established as a trust and its governing document was a deed. In 1997 it was incorporated and became a charitable company limited by guarantee, registered with both Companies House and the Charity Commission. This report is also a Directors’ report required by s415 of the Companies Act, 2006.

The Governing Body of the Trust consists of a minimum of 3 members and, at the time of approving this report, consists of 9, normally referred to as the ‘Trustees’, who meet formally every six weeks or so. Whilst the Trust has no staff, it has two officers – the Chairman and the Hon Secretary. Authority is delegated to them through their role descriptions.

In January 2021 the Governing Body established two Committees – the Risk and Compliance Committee and the Planning, Fundraising and Communications Committee. It has since established Education and Health & Safety Committees. All Committees have agreed terms of reference.

In normal circumstances team leaders meet with Trustees each month in a Consultative Committee to organise events and to discuss progress. The Friends of the Copped Hall Trust have a committee which concerns itself with the enlargement of Friends’ membership, the recruitment of volunteers and the wellbeing of Friends and particularly volunteers. That committee meets about five times a year.

The methods used to recruit and appoint new trustees are (a) from the considerable body of volunteers, who have relevant skills and have demonstrated their commitment to the project and (b) where such skills are not available within the volunteer community, to seek them from the wider community.

New Trustees are required to read selected guidance from the Charity Commission on their role and they receive a copy of the Trust’s governing documents and of the latest Annual Report and Accounts. They are briefed on the history, purpose and aims of the Trust by the Chairman.

The Trust is obliged under its Governing Documents to take account of the reasonable views of the Corporation of London and the Conservators of Epping Forest in the use of Copped Hall. The Chair is a member of the Georgian Group, of the Friends of Epping Forest, Essex Gardens Trust and the Essex Heritage Trust. The Architect applies to the Epping Forest District Council for listed building consent for the restoration of the buildings.

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COPPED HALL TRUST – TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees review the aims, objectives and activities of the Charity at their meetings throughout the year and confirm that they have regard to the Charity Commission’s guidance on public benefit in planning future activity and that they have complied with their duty in section 17 of the Charities Act, 2011. Further details of how the charity has fulfilled its objects for public benefit are given in the Achievements and Performance section of this report.

The structure of the Trust’s governance, management and operations is illustrated below –

----- Start of picture text -----
THE COPPED HALL TRUST COPPED HALL ENTERPRISES LTD
TRUSTEES/ DIRECTORS DIRECTORS
Philip McKinder
Alan Cox Geoffrey (Dick) Speller
Philip McKinder Victoria Hoskin
Geoffrey (Dick) Speller
Louise Robertson COMPANY SECRETARY
David Burton
Michael Smith John Dawson
Andrew Lewis
Jane Taylor ASST COMPANY SECRETARY
John Dawson
David Holland
THE PLANNING, FUNDRAISING THE COMMITTEE OF THE
AND COMMUNICATIONS THE RISK AND COMPLIANCE THE HEALTH AND SAFETY THE CONSULTATIVE FRIENDS OF THE COPPED HALL
COMMITTEE COMMITTEE COMMITTEE THE EDUCATION COMMITTEE COMMITTEE TRUST
Alan Cox
Louise Robertson David Burton Duncan Robertson Louise Robertson Louise Robertson
Philip McKinderAlan Cox Geoffrey (Dick) SpellerMichael Smith All Trustees Ann MillsLee Joyce Consisting of Trustees and leaders of the teams Michele Murphy Lee Joyce
Geoffrey (Dick) Speller Jane Taylor Dawn Chambers
Andrew Lewis Carol Bentley Jonathan Denne
Garry Pimley
Duncan Robertson
Victoria Robertson
↑ ↑ ↑ ↑ ↑ ↑ Linda Stewart
Hilary Fulilove
Alan Cox
ARCHITECT FINANCE TEAM
Greville Norman
Alan Cox + 3 others
→
↑ ↑
MANSION TEAM EDUCATION TEAM MEMBERSHIP TEAM ROLLS ROYCE TEAM TICKETS TEAM
Roger Blake Jane Taylor Michele Murphy Roger Blake Linda Stewart
+ 16 others + 7 others + 3 others + 4 others + 1 others
↑ ↑
BAR TEAM MOWING/ GARDENS TEAM SECONDHAND BOOKS TEAM TOUR GUIDES TEAM
Stephen Potts Victor Knope
David Karaskas Graham Stewart Gordon Brown Philip McKinder
+ 3 others + 22 others + 11 others + 10 others
FILM AND TV SHOOT TEAM PRINTING/ ADMIN TEAM SHOP TEAM WALLED GARDEN TEAM
Philip McKinder Christine Holland Maureen Carroll Oliver Mason
+ 11 others + 1 others + 0 others + 63 others
↑ ↑
GATES TEAM REFRESHMENTS TEAM TERRACES TEAM WEBSITE TEAM
Janet Grogan
Dick Speller Marion Smith John Leyton Philip McKinder
+ 6 others + 22 others + 2 others + 1 others
There are 183 registered members of the volunteer community. MEET and GREET TEAM WINTERGARDEN TEAM
Many are members of more than one team.
Chairs and team leaders are denoted by bold type. Anne Arbuthnot
+ 9 others + 4 others
----- End of picture text -----

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees (who are also the directors of The Copped Hall Trust for the purposes of company law) are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires

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COPPED HALL TRUST-TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 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 ond of the incoming resources and application of resources, including the income and expenditure, of the choritable compony for that period. In preparing those flnancial stotement5, the trustees are required to select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP. make judgements and estimates that are reasonable and prudent:

prepare the financial statements on the going concern basis unless it is inoppropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accurocy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are olso responsible for safeguarding the ossets of the charitable company and hence for taking reasonable steps for the prevention ond detection of fraud and other irregularities. Dlsclosure of Infomiatlon to audltors Each of the persons who are Trustee at the time when this Trustees, report is opproved hos confirmed that,. so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors ore unaware, and that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's audltors are aware of that information. Alwyns LLP were appolnted as auditors on 17 March 2023. In preparing this report the Trustees, who are also Directors, have taken advantage of the small componies, exemptions provided by s415A of the Companies Act, 2006. Approved by the Trustee$ on 26 September 2024 and signed on their behalf by: n Dawson Secretary

The Copped Hall Trust

(including Copped Hall Enterprises Limited)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE PERIOD 1 JANUARY 2023 TO 31 DECEMBER 2023

2023 2022
Expendable
Unrestricted Restricted endowment
Notes funds income funds fund Total funds Total funds
£ £ £ £ £
INCOME AND ENDOWMENTS FROM -
Donations and legacies 3 213,108 56,653 - 269,761 518,700
Charitable activities 4 66,285 2,840 - 69,125 56,246
Other trading activities 5 44,258 25,529 - 69,787 76,372
Other income 6 15,033 - - 15,033 3,116
Total 338,684 85,022 - 423,706 654,434
EXPENDITURE ON -
Raising funds 7 9,234 2,898 - 12,132 11,242
Charitable activities 8 447,643 15,745 - 463,388 355,138
Total 456,877 18,643 - 475,520 366,380
NET INCOME (118,193) 66,379 - (51,814) 288,054
Transfers between funds 18 66,521 (66,521) - - -
Interest payable
Gains/(losses) on the
revaluation of fixed asset 12 - - 7,483 7,483 32,251
Net movement in funds (51,672) (142) 7,483 (44,331) 320,305
RECONCILIATION OF FUNDS -
Total funds brought forward 3,852,528 112,025 114,247 4,078,800 3,758,495
TOTAL FUNDS CARRIED FORWARD 3,800,856 111,883 121,730 4,034,469 4,078,800

Page 15

The notes form part of the financial statements

The Copped Hall Trust (indudinl Copped Hall Enterprfses Limited) BALAIICE SHÉETSAT 31 DECEMBER 2023 X>23 20ZY 2022 FIXED ASSETS- Tungible a55ets Investments 3.217.149 2.979.766 121,730 114.247 3J38079 4094013 3.215.149 121.B30 33¥979 2,977.766 114,248 3mi014 CURRENT ASSErs- stock5 Debtor5 und accrued incom Cash ot bank and in hand 4,830 1703 456,(X)4 n4.305 556.462 723.077 4017,296 696 5,610 700.610 706,91fj 4.830 456.003 556.462 1.017,2415 15 TOTAL ASSETS 4043.895 4109.309 cRE￿TORs- Amounts falling due within one ye 17 27.487 32.$09 CURRENT Assrrs TOTAL ASSEfs LESS CURRENT LIABILITIES 016 FUNDS Unrestricted fur¥Js Restricted income knds Expendable ervjowment furn 3.8ts).856 111.883 121.730 3,852.528 112.025 114.247 3.782.795 111.883 121.730 3.850.528 112.025 114,247 TOTAL FUt4DS 4034 4mvy) 4ffj16AO8 4m6.&)0 Thr rnlily vlus wilillwl tu ¥Xenyti￿ fwni ￿K11t urth secti￿1 477 of the ComptsThies Act, 200G. Howcvcr, an ￿￿1t is rryired in ¢eard￿ section 144 otthe chryriti￿ Act. 2011. The finonrinl htNv h•rt In with tho pr￿￿onS applicable to entities subject to the small cornpaniV￿ r¢girne. The TrusteÈs o¢knovAedge their responSi￿litieS for c(w￿lT￿j the reryurwrnts ol Act with respect to accountlna r•cordÉ and pY•paratlon of fir￿ne￿al stat•rnonts. The fiTr]naol staternent5 were aptyoved <¥¥J for isgje by the T￿￿5 26 Septembw 2024 Si¢￿ed on their behalf by: c1￿1r￿￿￿. Tnistee Page 16

The Copped Hall Trust

(including Copped Hall Enterprises Limited)

CONSOLIDATED CASHFLOW STATEMENT

2023 2022
Notes £ £ £ £
Net incoming funds from operations (51,814) 288,054
less
Interest and investment income		 5 (15,033) (3,116)
add back
Depreciation		 11 78,004 73,341
11,157 358,279
Decrease/(increase) in stocks 14 761 (1,299)
Decrease/(increase) in debtors 15 451,301 (398,647)
Increase/(decrease) in operating creditors 17 (4,272) 447,790 (6,002) (405,948)
Net cashflow from operations 458,947 (47,669)
Cashflow from investing activities
Expenditure on freehold property 11 (312,075) (246,799)
Expenditure on other fixed assets 11 (3,312) -
Increase/(decrease) in capital creditors 17 350 (2,001)
Net cashflow from investing activities (315,037) (248,800)
Cashflow from interest
Interest payable - -
Interest received 15,033 3,116
Increase/(decrease) in interest owed (1,100) 1,100
13,933 4,216
Cash at bank and in hand at 1 January 2023 556,462 848,715
Cash at bank and in hand at 31 December 2023 714,305 556,462

Page 17

The notes form part of the financial statements

The Copped Hall Trust (including Copped Hall Enterprises Limited)

1. ACCOUNTING POLICIES Basis of preparing the financial statements

The Copped Hall Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Copped Hall Trust is a charitable company limited by guarantee and is a public benefit entity under FRS 102. The registered office is detailed on page 3. The financial statements have been prepared in accordance with the Charities SORP (FRS102) '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 1 January 2015)', the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention except for listed investments which are accounted for at fair value through the Income and Expenditure Account, and stated in pounds sterling.

Going concern

The accounts have been prepared on the basis that the Trust is a going concern. The Trustees are confident that this is the case

and have based this judgement having set aside funds sufficient to meet all approved project costs for 18 months from the time of approving these accounts.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the 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 category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Capitalisation policy

The Trust’s capitalisation policy from 1 January 2021 onwards is that expenditure will be capitalised at cost or fair value, except in the case of iii and iv below, regardless of its quantum, if it represents –

i a contribution towards the restoration of listed buildings with an expected economic life of at least 50 years or more

ii expenditure on architect’s or other professional fees relating to i. above, or

iii the acquisition of an artefact or artefacts appropriate to Copped Hall or the restoration to Copped Hall of an artefact, with a cost or value in excess of £1,000 or

iv the acquisition of an item of furniture, plant or equipment with a cost or value in excess of £5,000.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life -

Freehold property at 2% of cost Artefacts at 2% of the reducing balance Plant and machinery at 25% of the reducing balance

Depreciation is not charged in the year in which capital expenditure is incurred.

Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the statement of financial activities.

Investments in subsidiaries are valued at cost less provision for impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered.

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Taxation

The Trust is partially exempt for VAT purposes

Page 18

The notes form part of the financial statements

The Copped Hall Trust

(including Copped Hall Enterprises Limited)

1. ACCOUNTING POLICIES (cont'd)

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted income funds can be used only for particular restricted purposes narrower than the objects of the charity. Restrictions arise when specified by the donor or legator or when funds are raised for particular restricted purposes.

Restricted income funds and designated funds are released to the General fund for any capital expenditure net of recoverable VAT.

Business Combinations

Following the transfer during the year of many of the trading activities to the charity’s wholly owned subsidiary, Copped Hall Enterprises Limited (CHEL), the charity has prepared consolidated accounts, which is a change in accounting policy. Previously CHEL was considered to be insignificant as it was not trading until 31 March 2023.

The business combination is accounted for using the acquisition method as at the date of acquisition. The cost of a business combination is the fair value of consideration given plus the costs directly attributable to the business.

The excess of the consideration and directly attributable costs over the fair value of the group’s interest in the identifiable assets and liabilities acquired, if any, is recognised as goodwill.

2. INDIVIDUAL STATEMENT OF COMPREHENSIVE INCOME

As permitted under section 408 of the Companies Act, 2006, the Statement of Financial Activities of the parent company is not presented as part of these financial statements.

3. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES 2023
Expendable
Unrestricted Restricted endowment
funds income funds fund Total funds
£ £ £ £ £
Donations 23,571 56,653 - 80,224
Friends subscriptions 26,230 - - 26,230
Grants - - - -
Legacies 163,307 - - 163,307
213,108 56,653 - 269,761

The Trust stopped recording the number of hours devoted by volunteers to the project in 2023. Around 180 volunteers work for both the Trust and Copped Hall Enterprises Limited.

2022
Expendable
Unrestricted Restricted endowment
funds income funds fund Total funds
£ £ £ £ £
Donations 33,504 50,909 - 84,413
Friends subscriptions 30,295 - - 30,295
Grants - 6,100 - 6,100
Legacies 397,892 - - 397,892
461,691 57,009 - 518,700

4. INCOME FROM CHARITABLE ACTIVITIES

INCOME FROM CHARITABLE ACTIVITIES 2023
Expendable
Unrestricted Restricted endowment
funds income funds fund Total funds
£ £ £ £ £
Public events 51,904 - - 51,904
Education - tours, lectures, courses etc 14,289 2,840 - 17,129
Archaeology - - - -
Maintenance contributions 92 - - 92
66,285 2,840 - 69,125
2022
Expendable
Unrestricted Restricted endowment
funds income funds fund Total funds
£ £ £ £ £
Public events 42,159 1,020 - 43,179
Education - tours, lectures, courses etc 12,645 30 - 12,675
Archaeology - 60 - 60
Maintenance contributions 332 - - 332
55,136 1,110 - 56,246

Page 19

The notes form part of the financial statements

The Copped Hall Trust

(including Copped Hall Enterprises Limited)

5. INCOME FROM OTHER TRADING ACTIVITIES

INCOME FROM OTHER TRADING ACTIVITIES 2023
Expendable
Unrestricted Restricted endowment
funds income funds fund Total funds
£ £ £ £ £
Sales of donated items 1,444 21,277 - 22,721
Gift shop sales 2,023 - - 2,023
100 Club - 1,982 - 1,982
Acquisition fund - 1,982 - 1,982
Walled garden sales 6,765 149 - 6,915
Lettings 2,000 - - 2,000
Rents 8,404 - - 8,404
Bar sales 6,056 - - 6,056
Refreshments and facilities 16,752 - - 16,752
Raffles 814 139 - 953
44,258 25,529 - 69,787
2022
Expendable
Unrestricted Restricted endowment
funds income funds fund Total funds
£ £ £ £ £
Sales of donated items 1,071 17,757 - 18,828
Gift shop sales 2,838 23 - 2,861
100 Club - 2,028 - 2,028
Acquisition fund - 2,028 - 2,028
Walled garden sales - 6,829 - 6,829
Lettings 10,980 - - 10,980
Rents 8,634 - - 8,634
Bar sales 5,121 - - 5,121
Refreshments and facilities 17,619 - - 17,619
Raffles 525 919 - 1,444
46,788 29,584 - 76,372

6. OTHER INCOME

OTHER INCOME 2023
Expendable
Unrestricted Restricted endowment
funds income funds fund Total funds
£ £ £ £
Income from listed investments 2,966 - - 2,966
Bank and similar interest 12,067 - - 12,067
Investment income and interest receivable 15,033 - - 15,033
2022
Expendable
Unrestricted Restricted endowment
funds income funds fund Total funds
£ £ £ £
Income from listed investments 1,940 - - 1,940
Bank and similar interest 1,176 - - 1,176
Investment income and interest receivable 3,116 - - 3,116

Page 20

The notes form part of the financial statements

The Copped Hall Trust

(including Copped Hall Enterprises Limited)

7. COST OF RAISING FUNDS

COST OF RAISING FUNDS 2023
Expendable
Unrestricted Restricted endowment
funds income funds fund Total funds
£ £ £ £ £
Other trading activities
Cost of bar sales 2,529 - - 2,529
Cost of refreshments 4,061 - - 4,061
Gift shop stock 1,085 - - 1,085
Lettings - - - -
100 Club - 1,813 - 1,813
Rolls Royce - 285 - 285
Walled garden costs 1,419 800 - 2,219
Raffle costs 140 - - 140
9,234 2,898 - 12,132
2022
Expendable
Unrestricted Restricted endowment
funds income funds fund Total funds
£ £ £ £ £
Other trading activities
Cost of bar sales 1,914 - - 1,914
Cost of refreshments 3,597 - - 3,597
Gift shop stock 1,814 23 - 1,837
Lettings 369 - - 369
100 Club - 1,750 - 1,750
Rolls Royce - - - -
Walled garden costs - 1,671 - 1,671
Raffle costs 104 - - 104
7,798 3,444 - 11,242

8. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS 2023
Expendable
Unrestricted Restricted endowment
funds income funds fund Total funds
£ £ £ £ £
Maintenance and restoration
Small works to the mansion 195,981 554 - 196,535
Garden maintenance and restoration 65,883 13,663 - 79,546
261,864 14,217 - 276,081
Provision of educational and cultural events
Schools 43 - - 43
Public events costs 11,336 - - 11,336
Costs of tours, lectures, courses etc 2,000 - - 2,000
13,379 - - 13,379
Support costs
Insurance 9,685 348 - 10,033
Utilities and services 8,197 - - 8,197
Printing, postage, advertising and promotion 9,894 117 - 10,011
Housekeeping and sundries 5,126 525 - 5,651
Bank and similar charges 980 28 - 1,008
Audit 10,101 - - 10,101
Accounting software and services 8,223 - - 8,223
Other professional and legal fees 25,671 175 - 25,846
Equipment 16,519 335 - 16,854
Irrecoverable VAT - - - -
94,396 1,528 - 95,924
Depreciation 78,004 - - 78,004
447,643 15,745 - 463,388

Page 21

The notes form part of the financial statements

The Copped Hall Trust

(including Copped Hall Enterprises Limited)

8. CHARITABLE ACTIVITIES COSTS (continued)

CHARITABLE ACTIVITIES COSTS (continued)
CHARITABLE ACTIVITIES COSTS (continued) 2022
Expendable
Unrestricted Restricted endowment
funds income funds fund Total funds
£ £ £ £ £
Maintenance and restoration
Small works to the mansion 98,648 - - 98,648
Garden maintenance and restoration 51,867 16,482 - 68,349
150,515 16,482 - 166,997
Provision of educational and cultural events
Schools - - - -
Public events costs 11,053 185 - 11,238
Costs of tours, lectures, courses etc 1,300 - - 1,300
12,353 185 - 12,538
Support costs
Insurance 8,869 106 - 8,975
Utilities and services 19,222 - - 19,222
Printing, postage, advertising and promotion 7,918 2,191 - 10,109
Housekeeping and sundries 5,190 240 - 5,430
Bank and similar charges 860 3 - 863
Audit 9,182 - - 9,182
Accounting software 36 - - 36
Legal and professional fees 43,934 - - 43,934
Equipment 2,488 2,023 - 4,511
Irrecoverable VAT - - - -
97,699 4,563 - 102,262
Depreciation 73,341 - - 73,341
333,908 21,230 - 355,138

9. NET INCOME/ (EXPENDITURE)

Net income/ (expenditure) is stated after charging/ (crediting) - 2023 2022
£ £
Auditor's remuneration 10,101 9,182
Depreciation - owned assets 78,004 73,341

Depreciation - owned assets

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the period ended 31 December 2023 nor for the period ended 31 December 2022 except as disclosed in note 21.

No trustees' expenses were paid for the period ended 31 December 2023 nor for the period ended 31 December 2022 except on production of evidence of payment by trustees on behalf of the Trust.

11. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS Group
Freehold Plant and
property Artefacts machinery Totals
£ £ £ £
COST
At 1 January 2022 3,613,320 20,907 45,635 3,679,862
Additions in 2022 246,799 - - 246,799
At 31 December 2022 3,860,119 20,907 45,635 3,926,661
Additions in 2023 312,075 3,312 - 315,387
At 31 December 2023 4,172,194 24,219 45,635 4,242,048
DEPRECIATION
At 1 January 2022 812,877 19,380 41,297 873,554
Charge in 2022 72,225 31 1,085 73,341
At 31 December 2022 885,102 19,411 42,382 946,895
Charge in 2023 77,161 31 812 78,004
At 31 December 2023 962,263 19,442 43,194 1,024,899
NET BOOK VALUE
At 1 January 2022 2,800,443 1,527 4,338 2,806,308
At 31 December 2022 2,975,017 1,496 3,253 2,979,766
At 31 December 2023 3,209,931 4,777 2,441 3,217,149

Page 22

The notes form part of the financial statements

The Copped Hall Trust

(including Copped Hall Enterprises Limited)

11. TANGIBLE FIXED ASSETS (continued)

TANGIBLE FIXED ASSETS (continued)
TANGIBLE FIXED ASSETS (continued) Trust
Freehold Plant and
property Artefacts machinery Totals
£ £ £ £
COST
At 1 January 2022 3,611,320 20,907 45,635 3,677,862
Additions in 2022 246,799 - - 246,799
At 31 December 2022 3,858,119 20,907 45,635 3,924,661
Additions in 2023 312,075 3,312 - 315,387
At 31 December 2023 4,170,194 24,219 45,635 4,240,048
DEPRECIATION
At 1 January 2022 812,877 19,380 41,297 873,554
Charge in 2022 72,225 31 1,085 73,341
At 31 December 2022 885,102 19,411 42,382 946,895
Charge in 2023 77,161 31 812 78,004
At 31 December 2023 962,263 19,442 43,194 1,024,899
NET BOOK VALUE
At 1 January 2022 2,798,443 1,527 4,338 2,804,308
At 31 December 2022 2,973,017 1,496 3,253 2,977,766
At 31 December 2023 3,207,931 4,777 2,441 3,215,149
FIXED ASSET INVESTMENTS Group
Shares in Bequest and
group donation of
undertakings shares Total
£ £ £
MARKET VALUE
At 1 January 2023 - 114,247 114,247
At 31 December 2023 - 121,730 121,730
NET BOOK VALUE
At 31 December 2022 - 114,247 114,247
At 31 December 2023 - 121,730 121,730
Trust
Shares in Bequest and
group donation of
undertakings shares Total
£ £ £
MARKET VALUE
At 1 January 2023 1 114,247 114,248
At 31 December 2023 100 121,730 121,830
NET BOOK VALUE
At 31 December 2022 1 114,247 114,248
At 31 December 2023 100 121,730 121,830

12. FIXED ASSET INVESTMENTS

In 2019 the Trust received a bequest of 14,451 Ordinary Shares in the Standard Chartered Bank PLC from its former President and Trustee, Denys Favre and a donation of 3,905 of the same shares from his daughter.

These shares have been included in the Trust's balance sheet at their value at the balance sheet date. The value of the shares was £121,730 as at 31 December 2023

There were no investment assets outside the UK. The company's investments at the balance sheet date in the share capital of group undertakings comprise 100% of the £1 Ordinary share capital of Copped Hall Enterprises Limited (Company no. 03894615). Copped Hall Enterprises Limited has a financial year ending on 31 December.

Page 23

The notes form part of the financial statements

The Copped Hall Trust

(including Copped Hall Enterprises Limited)

13. SUBSIDIARY UNDERTAKING - COPPED HALL ENTERPRISES LIMITED

Copped Hall Enterprises Limited was activated in 2022 having been dormant for many years. It did not trade in 2022. It commenced trading in April 2023.

Copped Hall Enterprises Limited (company number 03894615) is a wholly owned subsidiary, being a company incorporated in England and Wales. The principal activity of the company is that of organising fundraising events, principally at the Copped Hall site, and providing services to visitors to Copped Hall, such as a café, a bar, a shop and making available for purchase plants and produce from the Walled Garden.

A summary of the trading results and balance sheet of Copped Hall Enterprises Limited is shown below -

2023 2022
Profit and loss account £ £
Turnover 42,107 -
Cost of goods (14,714) -
Administrative expenses (11,331) -
Net profit 16,062 -
Tax on ordinary activities - -
Profit on ordinary activities for the year before distribution 16,062 -
Balance sheet
Fixed assets 2,000 2,000
Current assets 17,069 1
Current liabilities (907) -
Net current assets 16,162 1
Total assets 18,162 2,001
Capital and reserves
Opening profit and loss account 2,000 2,000
Profit during the year 16,062 -
Funds 18,062 2,000
Share capital 100 1
Total capital and reserves 18,162 2,001
**14. ** STOCKS Group Trust
2023 2022 2023 2022
£ £ £ £ £
Stocks 4,069 4,830 696 4,830
15. DEBTORS AND ACCRUED INCOME - AMOUNTS FALLING DUE
WITHIN ONE YEAR Group Trust
2023 2022 2023 2022
£ £ £ £ £
Debtors - 1,671 - 1,670
Prepayments 1,912 850 1,912 850
Accrued income 2,791 449,814 2,791 449,814
Intercompany debtor - - 907 -
VAT recoverable - 3,669 - 3,669
4,703 456,004 5,610 456,003

16. CASH AT BANK AND IN HAND

Included in cash at bank is a balance of £8,079 held on trust in respect of the Leaseholder maintenance fund. An associated liability of £8,115 is included in creditors.

CREDITORS - AMOUNTS FALLING DUE WITHIN ONE YEAR Group Trust
2023 2022 2023 2022
£ £ £ £
Services for leaseholders 8,115 11,438 8,115 11,438
Accounts payable 5,971 8,271 5,971 8,271
Accrued expenses 10,450 12,800 10,450 12,800
VAT liability 2,951 - 2,951 -
27,487 32,509 27,487 32,509

17. CREDITORS - AMOUNTS FALLING DUE WITHIN ONE YEAR

The services for leaseholders liability consists of service charges received from the leaseholders for services to be provided in the future.

Page 24

The notes form part of the financial statements

The Copped Hall Trust

(including Copped Hall Enterprises Limited)

In 2023
18. MOVEMENTS IN GROUP At 1 At 31
FUNDS January Expenditure Gains/ December
2023 Income (inc Interest) Transfers (losses) 2023
£ £ £ £ £ £
EXPENDABLE ENDOWMENT FUND
Favre family bequest and
donation 114,247 - - - 7,483 121,730
RESTRICTED INCOME FUNDS for -
Restoration of buildings 60,667 67,145 (28) (63,283) - 64,501
Restoration and
maintenance of gardens 13,562 1,866 (13,215) 1,326 - 3,539
Acquisition of artefacts 25,159 2,650 (708) (3,312) - 23,789
Utilitarian acquisitions 3,911 8,199 (2,308) (1,252) - 8,550
Other purposes 8,726 5,162 (2,384) - - 11,504
112,025 85,022 (18,643) (66,521) - 111,883
UNRESTRICTED FUNDS
Designated funds 428,513 11,212 (271,788) 330,708 - 498,645
General fund 3,422,015 285,365 (159,044) (264,287) - 3,284,049
Copped Hall Enterprises 2,000 42,107 (26,045) 100 - 18,162
TOTAL FUNDS 4,078,800 423,706 (475,520) - 7,483 4,034,469
18. MOVEMENTS IN GROUP
FUNDS (cont'd) 2022
At 1 At 31
January Expenditure Gains/ December
2022 Income (inc Interest) Transfers (losses) 2022
£ £ £ £ £ £
EXPENDABLE ENDOWMENT FUND
Favre family bequest and
donation 81,996 - - - 32,251 114,247
RESTRICTED INCOME FUNDS for -
Restoration of buildings 88,338 66,348 (310) (93,709) - 60,667
Restoration and
maintenance of gardens 19,581 12,739 (17,877) (881) - 13,562
Acquisition of artefacts 23,781 2,178 (800) - - 25,159
Utilitarian acquisitions 3,650 1,997 (1,736) - - 3,911
Other purposes 8,236 4,441 (3,951) - - 8,726
143,586 87,703 (24,674) (94,590) - 112,025
UNRESTRICTED FUNDS
Designated funds 652,267 1,816 (139,605) (85,965) - 428,513
General fund 2,878,646 564,915 (202,101) 180,555 - 3,422,015
Copped Hall Enterprises 2,000 - - - - 2,000
TOTAL FUNDS 3,758,495 654,434 (366,380) - 32,251 4,078,800

Page 25

The notes form part of the financial statements

The Copped Hall Trust

(including Copped Hall Enterprises Limited)

**19. ** ANALYSIS OF GROUP'S NET ASSETS BY FUND At 31 December 2023 At 31 December 2023
Other net
current
Fixed assets Investments Cash assets Net assets
£ £ £ £ £ £
EXPENDABLE ENDOWMENT FUND
Favre family bequest and donation - 121,730 - - 121,730
- 121,730 - - 121,730
RESTRICTED INCOME FUNDS for -
Restoration of buildings - - 64,164 337 64,501
Gardens - - 3,539 - 3,539
Acquisition of artefacts - - 23,656 133 23,789
Utilitarian acquisitions - - 8,550 - 8,550
Services for leaseholders - - 8,079 (8,079) -
Other purposes - - 11,504 - 11,504
- - 119,492 (7,609) 111,883
UNRESTRICTED FUNDS
Designated funds - - 502,155 (3,510) 498,645
General fund 3,215,149 - 78,962 (10,062) 3,284,049
Copped Hall Enterprises Limited 2,000 - 13,696 2,466 18,162
TOTAL FUNDS 3,217,149 121,730 714,305 (18,715) 4,034,469
At 31 December 2022
Other net
current
Fixed assets Investments Cash assets Net assets
£ £ £ £ £ £
EXPENDABLE ENDOWMENT FUND
Favre family bequest and donation - 114,247 - - 114,247
- 114,247 - - 114,247
RESTRICTED INCOME FUNDS for -
Restoration of buildings - - 61,395 (728) 60,667
Gardens - - 13,562 - 13,562
Acquisition of artefacts - - 25,159 - 25,159
Utilitarian acquisitions - - 4,070 (159) 3,911
Services for leaseholders - - 11,438 (11,438) -
Other purposes - - 8,676 50 8,726
- - 124,300 (12,275) 112,025
UNRESTRICTED FUNDS
Designated funds - - 432,129 (3,618) 428,511
General fund 2,977,766 - 33 444,217 3,422,016
Copped Hall Enterprises Limited 2,000 - - 1 2,001
TOTAL FUNDS 2,979,766 114,247 556,462 428,325 4,078,800
**20. ** CAPITAL COMMITMENTS 2023 2022
Contracted for but not provided in these financial statements £ £
Mower repairs and maintenance - 2,537
Wooden staircase - 6,300
Wintergarden stonework 8,337 -
Toilets and brickwork 1,500 -
Electrical installations 2,340 -
TOTAL 12,177 8,837

21. RELATED PARTY DISCLOSURES

Trustee Alan Cox continues to be engaged as Architect as trustees believe his knowledge and experience of the project remains crucial. During the period he charged the Trust at a reduced rate of £22,563 (2022 £20,527). He was owed £1,550 at 31 December 2023. His contract was renewed for 2023. His partner, Dilys Bidewell, was also paid for drawing classes of which she was the tutor the sum of £1,200 (2022 - £600).

Page 26

The notes form part of the financial statements

The Copped Hall Trust

(including Copped Hall Enterprises Limited)

22. RESTRICTED CHARITABLE FUNDS RESTRICTED CHARITABLE FUNDS RESTRICTED CHARITABLE FUNDS RESTRICTED CHARITABLE FUNDS At 31 At 31 In 2023 In 2023 At 31
December December ~~Gains/~~ ~~Gains/~~ December
2022 Income Expenditure Transfers (losses) 2023
£ £ £ £ £ £ £ £ £
Restoration of buildings
Orchard House - - - - - -
Geoffs glasshouse 230 - - (230) - -
Wintergarden 256 - - (256) - -
Wintergarden stonework 2,570 - - (2,570) - -
Wintergarden safe access 79 - - (79) - -
Wintergarden rendering 3,278 - - (1,898) - 1,380
Fallen Corner 25 - - (25) - -
Missing Corner 1,250 - (1,250) - -
J Conyers Dressing Room 2,496 (28) - - 2,468
John's window/ shutter 1,896 - - (1,896) - -
Henriettas dressing door 819 - - (819) - -
Drawing Room door 190 - - (190) - -
Stone stairs 4,278 25,879 - (238) - 29,919
Second floor flight two 431 - - (431) - -
Atrium lightwell 5,730 195 - (5,924) - 1
Lift 27,083 - - (125) - 26,958
Brickwork cleaning tests 100 - - (100) - -
Second floor windows 3,350 325 - (376) - 3,299
Entrance hall window 395 - - (395) - -
Mansion roof - - - - - -
Mansion windows - 2,000 - (2,000) - -
Lintels ground/ second 476 - - - - 476
Dining room shutter - - - - - -
Dining room windows 3,125 - - (3,125) - -
Front porch - - - - - -
Kitchen lights 351 - - (351) - -
Loggia - - - - - -
Library 6,005 35,000 - (41,005) - -
Gardens
Walled garden 10,002 617 (11,859) 2,418 - 1,178
Roses in white border 250 - - (250) - -
Back sheds 6 - (6) - - -
Walled Garden gates 71 1,250 (1,321) - - -
Safe repairs glasshouses 1,161 - - - - 1,161
Long garden 1,200 - - - - 1,200
Terraces - - - - - -
Yew tree hedges 271 - - (272) - (1)
Trees 30 - (30) - - -
Plants for gardens - - - - - -
Standing remain 571 - - (570) - 1
Acquisition of artefacts
Acquisitions 23,013 1,986 (74) (3,313) - 21,612
American Quest 1,996 - - - - 1,996
Rolls Royce 150 664 (633) - - 181
Utilitarian acquisitions
Garden bench 423 - - (423) - -
Bench in memory of Frances 60 - - (60) - -
Picnic benches 1 190 (190) - - 1
Dishwasher 1,166 - - - - 1,166
Mowing team/ mower 1,868 - (1,868) - - -
Walled garden tools 143 625 - (768) - -
WG tools/ plants 250 - (250) - - -
Casters for table - - - (0) - -
Education Room upgrade 7,383 - - - 7,383
Other purposes
100 Club 3,237 1,978 (1,813) - - 3,402
Archaeology 4,808 2,440 - - - 7,248
Publishing 454 - (454) - - -
Education/ communications - - - - -
Newsletters 227 744 (117) - - 854
TOTAL RESTRICTED INCOME FUNDS 112,025 85,022 (18,643) (66,521) - 111,883
Expendable endowment fund 114,247 - - - 7,483 121,730
TOTAL RESTRICTED FUNDS 226,272
~~—~~		 ~~—~~ 85,022 (18,643)
~~—~~		 (66,521) 7,483 233,613

Page 27

The notes form part of the financial statements

The Copped Hall Trust

(including Copped Hall Enterprises Limited)

22. RESTRICTED CHARITABLE FUNDS - continued

22.
RESTRICTED CHARITABLE
FUNDS - continued
At 31 In 2022 In 2022 At 31
December Gains/ December
2021 Income Expenditure Transfers (losses) 2022
£ £ £ £ £ £ £
Restoration of buildings
Orchard House 41 - - (41) - -
Geoffs glasshouse 230 - - - - 230
Wintergarden 3 1,875 (178) (1,444) - 256
Wintergarden stonework 492 3,750 - (1,672) - 2,570
Wintergarden safe access 3,408 - - (3,329) - 79
Wintergarden rendering 3,278 - - - - 3,278
Fallen Corner 2,121 1,763 - (3,859) - 25
John's window/ shutter - 7,500 - (5,604) - 1,896
Henriettas dressing door 1,237 - - (418) - 819
Drawing Room door 190 - - - - 190
Stone stairs - 4,510 (132) (100) - 4,278
Second floor flight two 29,061 2,125 - (30,755) - 431
Atrium lightwell 24,807 360 - (19,437) - 5,730
Lift 13,623 13,740 - (280) - 27,083
Brickwork cleaning tests 100 - - - - 100
Second floor windows - 3,350 - - - 3,350
Entrance hall window 395 - - - - 395
Lintels ground/ second 476 - - - - 476
Dining room shutter 2,375 - - (2,375) - -
Dining room windows - 3,125 - - - 3,125
Front porch 6,150 8,000 - (14,150) - -
Kitchen lights 351 - - - - 351
Library - 16,250 - (10,245) - 6,005
Gardens
Walled garden 8,630 9,603 (7,498) (733) - 10,002
Roses in white border 250 - - - - 250
Back sheds - 626 (620) - - 6
Walled Garden gates 8,659 435 (8,875) (148) - 71
Safe repairs glasshouses - 1,250 (89) - - 1,161
Long garden 1,200 - - - - 1,200
Yew tree hedges 271 - - - - 271
Trees - 450 (420) - - 30
Plants for gardens - 375 (375) - - -
Standing remain 571 - - - - 571
Acquisition of artefacts
Acquisitions 21,785 2,028 (800) - - 23,013
American Quest 1,996 - - - - 1,996
Rolls Royce - 150 - - - 150
Utilitarian acquisitions
Garden bench 423 - - - - 423
Bench in memory of Frances 60 - - - - 60
Picnic benches 300 627 (926) - - 1
Dishwasher 1,166 - - - - 1,166
Mowing team/ mower 1,499 1,120 (751) - - 1,868
Walled garden tools 188 - (45) - - 143
WG tools/ plants - 250 - - - 250
Casters for table 14 - (14) - - -
Other purposes
100 Club 2,959 2,028 (1,750) - - 3,237
Archaeology 4,118 713 (23) - - 4,808
Publishing 1,159 - (705) - - 454
Newsletters - 1,700 (1,473) - - 227
TOTAL RESTRICTED INCOME FUNDS 143,586 87,703 (24,674) (94,590) - 112,025
Expendable endowment fund 81,996 - - - 32,251 114,247
TOTAL RESTRICTED FUNDS 225,582 87,703 (24,674) (94,590) 32,251 226,272

Page 28

The notes form part of the financial statements

REPORT OF THE INDEPENDENT AUDrroRS TO THE MEMBERS OF THE COPPED HALL TRUST Opinion We have audited the financial stalements of The Copped Hau Tntst (the '¢haritable company.) for the year end¢d 31 December 2023 which ¢omprise the Group Statement of Financial Activities. the Group and Parent Charitable Company BY¢lance SheeL the Gmup Statement of Cash Flows and notes to the financial ststements, including a summary of signtficant accounting policies. The financial reporting framework that has been applied in their PTepaT&tion is applicable law and United Kingdom Accounting Stsndards, including Financial Reporting Standard 102 The Financial Reportingsiandard applicable in ihe UKandRepiiblic oflreland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial ststernents: give a true and fair view of the state of the group's and parent charitable company's affairs &s at 31 December 2023 and of the group's incoming resources and appli¢ation of rwurce5. including its income and ￿pend]luTe, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of the Clwities A¢1 2011. Basis for opinion We conduct￿ OUT audit in accordance with InteTnational StandaThts on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those stsndards are further described in the Audilor's ￿SponSIbl11ticS for the audit of the financial statements section of our report. We are Inde￿dent of the clwitsble company in accordance with the ethical requirements thai ar¢ r¢levant to our audit of the financial statements in the UK including the FRC'S Ethical Standard, and we have fulfillcd OUT other ethical responstbilities in accordance with th￿¢ requiranents. We believe thatthe audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng concern In auditing the finaneial statements, we have concluded that the Tru5t¢es' usc of the going concern b&sis of accounting in the prepardlion of the financial statements is appropriate. Based on the work we have perforn]e4 we have not identified any material uncertainties relating to events orcondition5 that, individually or collectively, may wt significant doubt on the charitable company's ability to conlinue a goin8 concern for a peri<>d of at least twelve monihs from when the financi815tatem¢nts are authorised for issue. Our responsibilities aud the responsibilities of the Tn]stees with respect to going concern are described in the relevant sections of this report. Otber inforniation The T￿￿teeS are responsible for the other infornmtion. The other inforniation comprises the infonnation included in the Trnstees, Report other than the financial statements and our auditoes report thereoD. Our opinion on the financial statements does not cover the Oth￿ infornution and except to the extent otherwise explicitly stated in our report. we do not express any form of assurdnce conclusion thereon. In connection with OUT audit of the financial statements, our responsibility is to read thc other inforniation and. in doing so, consider whether the other inforrnation is materially inconsistent with the financial stat¢m¢nts or our knowledge obtsined in the audit or otheTWiS¢ appeaTS to be materially rnisstated. If we identify such material inconsistencies or apparent material misstatetuents. w¢ are Tequired to determine whether this gives rise to a mat¢riaE misstatement in the financial statements themselve5. If. based on the work we have perfornied, we conclude that there is a material misstatement of this other inforniation" we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prestribed by the Companies Act 21)06 In our opinion, based on the work undertaken in the course of the audit: the inforniation giveD in the TTUStees' report. which includes tbe Directors. Report prepared for company law purposes. for the financial year for which the financial stalements are prepaTed is consistent with the rinancial statements- and the Directors. Report included within the truslees. report has been prepared in accordance with applicable legal requirements. Page 29

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE COPPED EL4LL TRUST Matters on which we are required kn report by exception We have nothing to report in respect of the following matters in relation to which the Charities {Accoullts and Reports) Regulations 2008 requir¢ w to report to you if, in our opinion: the inforniation given in the tn￿ceS. report is inconsistent in any material respect with the fmancial statements. or sufficient accounting records bave not been kepL or the financial statements are not in agreement with the accounting records and returns: or we have not received all the Inforn￿tion and ¢xpIanatioDs wc require for our audit. Responsibilities of trustees As explained more fully in the Tn]stees' Responsibilities Statement set out on pages 13 - 14 the Trustees (who are also the direclors of the charitable company for the putP05es of company law) are responsible for tbe prepardlion of the financial statements and for being satisfied thai they give a true and fair view, and for such internal control as the TTUSte¢s dct¢rn]in¢ is nccessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or ern)r. In Prepanng tbe financial statements. the Truste¢s ar¢ responsiblc for assessing the wup and parent clwitable company's ability to contlnue as a going di￿]0S1ng. as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or charitable company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for tbe audit of the finanefial statemtnts We have been appointed as auditor under section 144 of the Charities Aci 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our obj¢ctives aTe to obtain reasonable assurance about whether the fuwlcial stalements as a whole are free from material misstatemenL whether duc to fraud or wroT, and to issue an auditor's report that in¢ludes our opinion. Reasonable assurance is a high level of &ssurdn¢e but is not a guarantee that an audit conducied in accordance with ISAS (UK) will always detect a material misstatem¢nl when it exists. Misstatements can arise from fraud or error and are considered material if, individually or ID the ag￿egate, they couldTeasonably be expecbj to intluence the economic decisions of users taken on the basis of these financial siat¢m¢nts. Irr¢gulariti¢s, including fraud, are installces of non•compliance with laws and regulalions. We design procedures in line with our responsibilities, outlined above. to detect mat¢Tial MI￿(ateMentS in respect of irregularities, including fraud. The exlent to whtch our prncedures are capable of detecting I￿egUlaritieS, including fraud is detailed below. Discussions were held witlL and cnquiries made of. management and those charged with governance with a view to identifying those laws and regulations that Could be expected io have a material impact on the financial slatements. Based on our discussions with the chaTitable compaDy'S management and the Trustees. we identified that the following laws and regulations are significant to the cntity: Those laws and regulations ¢on5idered to have a direct effect on the financial statements include UK financial reporting standards. Company Law and Charity Law. Those laws and regulations for which non-compliance may be fiJndameDtal to the operaling aspects of the charitable company and theTefore may have a material effect on the financial statements include cotnpliance with the charitable objeclives, public benefit, health and safety legislation. safeguarding and tax legislation. These matters were discussed amongst the engagement team at the plamiing stage and the team remained alert to non- compliance throughout the audit. Audit procedures undertaken in response to the polential risks relating to ittegulariti¢s (which include fraud and non- compliance with laws and regulations) compnsed of: inquiries of management and the TTUStees as to whether the entity complies with such law5 and regulations" enquiries with the same concerning any actual or potential litigation or claims" inspection ofrelevant legal corre5pond¢nc¢" rev1ew0fTn￿tecS. meeting minutes" testing the approprialeness ofjouTnal entries: and the t￿rforniancC of analyti￿1 review to identify unexpected movements in account balallc¢s which may be indicative of fraud. Page 30

REPORT OF THE INDEPENDE￿ AUDITORS TO THE MEMBERS OF THE COPPED IL4LL TRUST No instances of material non-compliance were identified. However. the likelih(M)d of dele£ting irregularities, including fraud, is limited by the inherent difficulty in detecling irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audil procedures perfornied. Itrcgularities that resuli from fraud might be inherently more difficult to detect than iTregulaTTties that result from e￿Or. As explained above, there is an unavoidable risk that material misstatements may not be detcctsl even tbough the audit has been planned and perfornied in ￿cOrdanCe with ISAS (UK). A fiffther description ofourresponsibilities for the audit ofthe financial statements is located onthe Financial Reporting Council's website at: https:l/www.frc.org.uklauditorsreSpo￿I7>llitics. This description forn)s part of our auditor's report. Use of our report This report is made solely to the charitable Company's tTUStees, as a body, in accordance with Part 4 of the Charities (Accounts and Rq)orts) Regulations 2008. Our audit work has been Ulldertaken so that we might state lo the charitable company's tTUStees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent perniitted by law. we do not accept or assume Tesponsibility to anyone other than the charitable company and charitable company's tTUStees &s a body. for our audit wort for this Tepo¢ or for the opinions we have fotmed. Dave S nley (Senior Slalutory Auditor) For and OD behalf of Alwyns ILP Datr: 2G &ple.&p lo Chartered Ac¢oMntallts Statulory Auditors Crown House 151 High Road Loughton Essex JGIO 4LG Alwyns LLP 15 eligible for appointmcnt auditor of the charitable company by virtue of its eli8ibility for appointment as auditor of a company uJ)der sertion 1212 of the C4)rnpanies Act 2(M)6. Page 31