Charity registration nUM￿r11012Sl
Company règlstration number 4907189 IEngland and Wales)
STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr Roger Dawes
Viscount Duncannon
Mr Yanni Pelsopoulos
Mrs C F Daniel
MIRJAWate5
Miss C Webstèr
MrAM D Lanza
Mr J R Bailie
Charity numbér
1101251
Company number
4907189
Principal addres$
Slansted Park
Rowlands Castle
Hampshire
P09 8DX
Registered offic•
Stansled Park
Rowlands Casle
Hatllpshiie
P09 6DX
Auditors
SumerAudil
Piper Housè
4 Dukes Court
Bognor Road
Chichester
West Sussex
P019 8FX
Bankers
Bardays Bank plc
81A London Road
Waterlooville
Hampshire
P07 7ER
Solicitors
George Ide LLP
52 North Street
Chichester
Wesi Sussex
P019 1NQ
Investmenl managers
Cazenove Capiial Management
S¢hroder & Co Limited
12 Moorgale
London
EC2R 6DA

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
LEGALAND ADMINISTRATIVE INFORMATION
Investment managers
Troy Asset Management Ltd
33 Davies Street
London
W1K48P

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
CONTENTS
Pag
Trustees, report
Statement ol Trustees. re5ponsibilili&s
Independent audilorfs report
Statement ol financial activities
9-10
Summary income and expenditure account
Balance Sheet
12-13
Statement of cash flows
14
Notes to the financial statements
15-37

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE>
CONSOLIDATED FINANCIAL STATEMENTS
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Trustees present their consolidated report and financial statemen15 for thè year ended 31 December 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the Charity's Articles ol Association, the Companies Act 2006 and
"Accounting and Reporting by Charities." Statement of Recommended Practice applitable lo charitias preparing
Iheir attounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ifeland
IFRS 1021 l&ffective 1 January 20191"
Objectives and activities
The Chaiity was set up In 1983 by Ihe 10th Earf of Bessborough lo preserve Stansled Park in pefpeluity for
the benefit of the publi¢. The Qbjects of the Charity are
1. The preservation and conservation for the public benefit ol the burldings and their grounds and surrounding
parkland, farm13nd and forèst known as Slar5sled Park in Ihe County of Sussex Ihereinafter called
'Stanstèd Park.).
2. The preservation lor the public benefrt of furniture and pictures and chatte15 of any description connected
with Slansted Park. the Ponsonby Family or other￿1$& appropriate to be kept at Stansled Park
3. The provision at Slansted Park or such part ol it as shall be appropriate in the intere51s of social welfare
3nd lor Ihe PUTpose ol improvirTrg (he conditions of life for the persons for whom the same are intended of
facilities for physical recreation which will be avaJ13ble to members of the public at large.
4. The lacililalion and encouragement ol the use and occupation of the whole 01 part of Slansted Park and
IhÈ use of such chatte15 as aforesaid for charitable educational purposes or for such other charitable
purposes as the Trustees may dÈtetmine.
5. The furtherance for the public benefit of such tsther purposes which are (J)arilable under the law3 01
England and Wales as the Trustees think hl from time to time.
The Trustees have paid due regard lo guidanc8 issued by the Charity Commission in de¢iding what activities the
Charity should undertake.
A¢hievements and perfomiancè
Prewou5 years have seen significant Capital expenditure directed at revenue generating and key
inliaslfuctuwe projects. In the short tertn there will be a more limited operabng surplus available with which
to undertake future projects.
The Charity is now in a period of financial consolidation with emphasis on rigorous control over expenditure
and managemènt of overheads.
Projects completed in 2025 included repairs lo the Mansion and works to the drainage system at Middle
Lodge," the installation of a Biomass Boil¢i and the purchases of a Tractor and Truck for the Woods &
Parkland Department.
The Annual Work Programme was approved by Trustees in the budget at Ihe beginning of the Finansial
Ye8r. Management A￿oUntS were produced by the AGGounts Department Ihrough the year lo enable
c105e monitoring ol income against expenditure to ensure that the Charity operated wilhin ils financial
resources.
The Charity continued lo enjoy wide support at a local and regional level. The Friends of Stansted Park
maintained their membership at around 500 members through the year and there is a strong level ol
volunteer support. with a regular learn of 12 volunteers In the Grounds and a further 50 stewards who
enable the Mansion lo open through the sumrner months.

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE
CONSOLIDATED FINANCIAL STATEMENTS
TRUSTEES. REPORT (CONTINUED}IINCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Charity delivers public benefit in the following ways:_
The Mansion opens to the public at a ¢harge through the summer months
Educational tours of the mansion and grounds
The grounds and Arboielum open to the public al no ohar9e through the summér months
Friends of Slansted Paik - as stated, an assoc131ion with around 500 paid lip rnembers who enjoy
organised walks, talks and outings. using the Mansion extensively
The Mansion is periodi¢ally used as a venue lor local fund raising lunches and other events
The Charity support5 a range of local community events
There is extensive public access to footpaths and bridleways across the e5tale.
Finan¢ial review
Reserves policy
It is the policy ol the Charity that unrestricled funds. which have not been designated for a specific use,
should be set aside to maintain the fabric ol the buildings. It is also a policy of the Trustees that the
minimum unrestricted reserves held lexcluding fixed assets and inveslmenlsl is at least £300,000.
The Chaiity'5 policy in recenl yèars has been to ensure that ￿VenUe is generated from a divèrse range of
income sources across the Eslale. The Charity undertakes a range of operational aclivilies, including
forest and parkland management, and maintaining, managing and lètting buildings of all types for
residential and cornmercial use. Although much of the estate is open lor the public to enjoy at no charge,
visrtor income is further sour￿￿ from admissions, donations. grants, and also fundraising by the Friends
of Stansled Park. Through Slansted Park Events Limited. the Charrty raises revenue from events and
functions, wedding5 and corporate days. the nel proceeds of which are donaled by Gift Aid to the Charity.
The Trustees consider Ihal the financial posilion of the Charity remains manageable.
Reserves held at Ihe balan￿ sheet date are £101.696,16012024 - £49.663.1481. £1.083.28212024 - £895.0581
held in unrestricted funds lof which £10.760 12024 - £10.7441 relate lo non-chaiitable trading funds). £6.336
12024 £0) held in reslricled funds and £100.606,54212024 £48,968.0901 held in endowmenl funds.
In the year lo 31 Decèmber 2025 the Charity continued ils piogramme of long temi repair and maintenan￿. and
irnprovements to the facilities for visitors.
Through the year principal sources of revenue came from rents in the Estate's residential and commercial
portfolios. These are regularly rewewed.
Investments consist of managed investment portfolios (note 201 and the Investment property (note 191. In¢ome
generated from listed investments Increased to £42.248 12024 £41,028) and the overall return including
revaluation gains was 8.66°A. Income generated by investment properties increased by 7.6•/0 10 £1.227.407
12024- £1.140,5921.
Stan5ted Park Even15 Limited has a lumovei for the year ended 31 December 2025 of £265.415 12024
£248,088) and a profit of £46.43212024- £44,325).
The Trustees receive regular reports on finance and liquidity from the Director. which are revièwed at the
quarterly meetings.
Risk revlew
The main risks lo the Foundation are reviewed annually or more frequently as matters d￿tate. A risk register is
maintained. We have exposure lo a number of external factors that impact on the running ol the Foundation.
The Trustees ensure that they are well briefed on such 18¢1ors and generally adopt a cautious approach. Sound
financial planning particularly around the maintenance of our property portfolio on the Eslale and the potential for
repulalional risks are regularly reviewed.

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
TRUSTEES. REPORT ICONTINUED)IINCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2025
Plans for thè future
Almost all businesses will continue to be affected by the rising cost of living and the Charity is no ex￿ptiOn. The
situation. particularly in regard to costs of maintenance & repairs as well as visitor numbers. rèmains uncertain.
the Foundation remains cauli(>us.
The situation regarding the occupation of eommeraal offices by small businesses remains fragile given that
companies are labouFing under the burden of Business Rates. increased NIERS 3nd employment Costs leading
some to vacate their offices and oth8rs to wish to downsize. In order to retain lull o¢cupancy, the Foundation
continues lo implernenl a programme of office ￿-cOnfigUratIon in order to make a series of smallei commerual
units which allow for reduced overheads and which fall beneath the threshold for the levying of Business Rates.
The Foundation Is also pursuing schernes lor Biodiversity Net Gain whioh reduce the amount of land available for
agricultural produclitsn on the Estate but which will be suitable for planting of trees and Ihe creation of me3dows
whKh will convert into Biodiversity Units foi sale to developers. The Foundation is also seeking to increase its
income generation actiwty through a full prograrnme ol Events and corporate a¢tivrtie5 using the House and
Giounds to optimum effect.
Ash die back disease continués lo be a concern of the Trustees, affecting our forestry operations.
Structure, govemance and management
The Charity is a company limiled by guarantee. The governing document is the Articles of Assoaation
dated 15 May 2017. The Charity's objects are set out above.
The Trustees, who are also the directors for Ime purpose of company law, and who served during the year and up
lo the date ol signature of the financial statements weie..
Mr Roger Davies
Viscount Duncannon
Mr Yanni Pelsopoulos
Mrs C F Daniel
Dlr R J A Wates
Miss C Webster
MrAM D Lanza
Mr J R Bailie
None of the Tiustees has any beneficial interest in the Charity. All ol the Trustees ara members of Stansled
Park Foundation and guaianlee lo contribute £1 in the event of ils winding up.
When a vacancy on the Board arises a nurnber of methods can be idenlified lo recruit rePla￿mentS both
trom within the family. albeit within the laid down restllGtion on numbers, as well as the wider community.
Any such post can be advertised in order to attra¢l suitable candidates for interview who can then be
appointed on the basis ol their qualifications, skills. attributes and knowledge and particulai expertise
required by thè Board. The competencies range from charity involvetnenl. heritage and architecture. visitor
altractions. legal background, project management, finanual and investment experience. governance.
business and commeiGe including retail. ruial estates. event management, land arld property management
and business in genei81.
The Trustee5 approved and adopted a Governance Code al the Board Meeting on 17th July 2020. This
ode sets out the Trustees. acceptance of their responsibility lo maintain hi9h standards of g0veman￿,
leadeiship, int8giily. decision-making and complianTr in order to achieve the Foundation's Charitable
Objects.
The Trustees together provide a combination of 8xpenence and skills appropriate for the operations of the
Charity.

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
TRUSTEES. REPORT (CONTINUED)IINCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Charity is administered by the Truslees who tneel at least 4 tir￿S a y6ar, but delegate their day to day
management responsibil￿es, induding the management of the 8s8els and th8 general adminlstration. to Mr D
M Bennett, the Director of the Chafrty. The Finance Committee ha5 been superseded by 3 Finanual Briefing
to the Chairman and seled Trustees prior to each Board Meeting. This Briefing examines the Budget and the
overall financjal situation prior to presentation to the Board.
The remuneration lor senior staff is sel by reference to remunwation for comparable jobs in Similar
organisatlOn5. Staff ale norrn81ty awaTded an inflation8ry increase. Remuneration above that is assessed
on mertt following a Jtgorous prO￿$S of staff appraisal.
Under tho Artides ofAs5o￿ation the Charity has the power to make investments to ach*ve the Charitys
objectives in such a manner as the Trustees mèy decidè and at the Tnjstees, absolute discretion.
The Charity owns subsidiary cornpanies.. Stanstèd Park Events Limrted is a Iroding wmpary and Slansted
Park Lirnited is dormanl.
Asset cover forfunds
Note 30 sets oul an analysis Df the assets Bttributsble to the various fuThls. The$e as5els are sufficienl to
meet the Charitys obligal>)ns on a fund by fund basis.
In accordan￿ with the requirements ol Ihg Chaiities SORP IFRS 1021. tt is (x)nsidéred that the ¢xrrying value of
al investment and freehold property does not differ malerially from their lair value at 31 December 2025.
Auditor
In accordance wrth the eompany'5 artides. a resolutlon proposing ihal SumerAudil be reappointed as auditor of
th8 cnmpany will be put at a Geneml Meeting.
Disclosure of Information to auditor
Each of the Trustees has confirmed that there is no information of which they are aware which is ielevant to the
audit, but ol whith the auditor Is unaware. They have ftJrthÈr ¢onfimied that they have t2k8n 8ppropri8le steps to
entify such relevant infom)alion and to establish Ihat the auditor is awa￿ of such information.
This report has been prepared in accordance wrth the special prowsions relating to small companie5 Wlthin Part
15 ofthe Companies Acl 201￿.
The Trustees. report was appigved by the BDard of Trustees.
Vlscount Duncannon
Chairman of the Trustee5

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2025
The Tnjslees, who 8re also the directors of Stansled Park Foundatitsn (Limited by guaranleel for the purpose of
company law, are responsible for preparing the Trustees, Report and the financial stalernents in accordance with
applicable 18w and United Kingdom Ae¢ounling Standards Iunited Kingdom Generally Acc8Pted Accountin9
Piacticel.
Company Law requires the Trustees lo preparè financial statements lor each financial year which give a tme ènd
fair view ol the state of 8ffairs of the Charity and of the incorning resources and application of resources. ineluding
the incom¢ and expenditure. of the charitable company lor that year.
In prèparing these financial statements. the Trustees are required to".
gelecl suitable accounting poliryes and then apply them con51slenlly',
obseNe the methods and principles in the Charities SORP.,
make judgements and estimates that ale reasonable and prudent". and
prepare the financial statements on the going concem basis unle58 It is inappropriate to presurlle that the Charily
will continue in operation.
The Trustees are responsible for keepin9 adeqtjale accounting records that disdose with reasonable attura¢y al
any lime the financial position ol the Charity and enable them to ensure that Ihe financial statements comply with
the Companies Act 2006. They are also responsible lor safeguarding the assels ol the Chaiity and hence foi taking
reasonable steps for the prevention and detection ol fraud and olher irregularits'es.

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
Oplnlon
We have audited the consolidated finanaal statements of Slansled Park Foundation ILimiled by guarantee) (the
'Group'l for the yèar ended 31 Decernber 2025 which cornprise the statement of finanThal activities, the surnmary
income and expenditure auount. the balance sheet. the statement of cash flows and the notes to the financial
statements. including significant accounting policies. The financial reporting framework that has been applied in
their preparation is applicable law and United Kingdom A¢counling Standards. including FRS 102 Th8 Financial
Reporting Standard appI￿c5b1e in the UK and Repiiblic of Ir8land (United Kingdom Generally Accepted Accounting
Practi￿1.
In our opinion. the consolidated financial slaternenls..
give 3 true and fair view of the slate of Ihe charitable group's affairs as at 31 December 2025 and of its
ineotning resources and application of resouices. for the year then ended".
have been properly prepared in accordance with United Kingdom Generally A¢¢epled Accounting Practice,.
2nd
have been p￿pared in accordance with the requirernenls of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our iesponsibilities under those standards are further described in the Auditorfs resp017sibilities for lh& audit of
th8 fjinancial statements sèction ol our ieport. We are independent of the charitable group in 2ccordance with the
ethical requirements that are relevant lo our audit ol the accounts In the UK, including the FRC'S Ethical Standard,
and we have fulfilled our other ethical responsibilrties in accordance with these requiremell15. We believe that the
audit evidence we have obtained is sufficient and appropriate lo provide a basis IOF our opinion.
Conclvslon$ relating to going concorn
In auditing the linanGial statemer)Is. we have conduded that the Trustees, use ol the going con￿rn basis of
accounting in the preparation of Ihe financial slalements is appropriate.
Based on the work we have performed. we have nol identified any material uncertainties relaling to events or
conditions that, Indi￿duallY or collectively. may cast significant doubt on the Group's ability lo wnlinue as a going
concern for a period of al least Iwelve months Irorn when the fifianryal statements are aLrthorised for issue.
Our respon51bilities and the responsibiliti8s of the Trustees with respect to 90in9 concern are described in the
relevant sections of this report.
Other information
The other information COmPfise5 the information in¢luded in the annual report other than the financAal slaternents
and otjr auditorfs report Ihereon. The Trustees are responsible for the other inloimation ¢onlained within the annual
repDrt. Our opinion on the financial statements does not cover the othei Information and, ex￿pt to the extent
otherwis& explicilly slated in our report. we do not expres5 any forrn ol assurance conclusion Ihereon. Our
responsibility is to read the other information and, in doing so, consider whether the other infoitnation is matenally
inconsistent with the financial Statements or OLJr knowledge obtained in th8 course of Ilie audit, or olhetWi5e appear5
to be rnaterially misstated. If we identify such material inconsi5t8ncies 01 apparent material misstatements. we are
required to determine whether this gives rise lo a materièl misstatement in the financial statemeritS themselves. If,
based on the work we have performed, we conclude Ihal there is a material misslatement of this other information.
we aré required to ieport that fact.
We have nothing to report in this iegard.
Opinions on oth•r matter5 prescribed by the Companle$ A¢t 2006
In our opinion. based on the work undertaken in the course ol our audit".
the information given in the Trustees, Report, which includès the directors. report prepared for the purposes of
company law, lor the fin8ncial year lor which the cc>nsolidaled finanaal statements ale piepaied is consistent
with the Gonsolidated financial statements.. and
the directors. report induded within the Truslee5' report has been prepared in accordance with applicable legal
requirements.

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
INDEPENDENT AUDITOR'S REPORT (CONTINUED
TO THE MEMBERS OF STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
Matters on which we are requirèd to report by excoption
In the light ol the knowledge and understanding of the charitable group and ils enviroriment obtained in thè course
of the audit, we have not identified material misslatements in the directors, raport induded within Ihe Trustees,
report.
We have nothing to report in respect of the following matters In relation lo which the Companies Act 2006 requires
us to report to you if. in our opinion.
adequate accounting records have not been kept, or relums adequate lor our audit have not been receivéd
from branches not wsiled by us., or
the Consolidated financial slalemenls are not In agreement with the acoounting records and reluins.. or
certain disclosures of trustees, remuneration specified by law are not made., or
we have nol received all ihe inloitllatioll and explanation5 we require lor our audit., or
the Trustees weie not entitled lo prepare the finanaal statements in accordance with the small companies
regime and take 8dvanlage of the small companies, exemptions in preparing the Trustees, report and from the
requirement to prepare a strategic report.
Rosponsibilities of Tru$tees
As explained more fully in the staternent of Trustee5' responsibilities, the Trustees. who are also the direotois of the
Group for the purpose ol eompary law. are responsible for the preparation of the financial statements and for being
satisfied that they give a Iiue and fair view. and for such internal Gonliol as the Trustees deteirnine is necessary lo
enable the preparation of financial slalemenls that are free from material misstatement. whether due to f13ud or
error. In preparing the financial slalements, the Trustees ale responsible lor assessing the Group'5 ability lo
¢onlinue a8 a going contsrn, disclosing, as applicable, matters relaled to going ¢on¢ern and using the going
concem basis ol accounting unless the Trustees eithèr intend to liquidate the charitable group or to cease
operations. or have no realistic alternative but Its do so.
Auditorfs responsibilities for the audit of the financial statements
Otji objectives are lo obtain ieasonable assurance about whether the con501idated finanrial staternenls as a whol
are free from material rnisstatement, whether due lo fraud or error, and to Issue an auditorfs report that indudes our
opinion. Reasonable assurance is a high level of assurance. but 15 not a guarantee that an audit condu¢ted In
accordance with ISAS IUKI will ahvgys detect a material rnisstatement when it exists. Misstatements can arise from
fraud or error and are considered material rf, tndividually or in the aggregate. they could reasonably be expected to
influence the economic decisions of users taken on the basis ol these financial slatemenls.
Identificatlon and assessment of irregularities includlng fraud
Irregularities, including fiaud. are instances of non-compliance wilh laws and regulations We design procedures in
line with our responsibilities. outlined above. to delecl material misslalements in respect of irregularities, including
traud. The exlenl lo which our procedures are capable ol detecting irregularth'es, induding fraud. is detailèd below.
In Identifying and assessing iisks of material misslalemenl in rèspect of irregularits'es, in¢luding fraud and non-
complian¢e with laws and regulations, our procedures InGluded the following".
Obtaining an understanding of the legal and regulatory framework that the charity opefales in. focusing on those
laws and regulations that had a direct elfect on the financial slalemenls and operations..
Obtaining an understanding of the charity's poli￿eS and procedures on fraud risks. indLJding knowledge of any
actual, suspected or alleged fraud.,
D15cussing among the engagerllent team how and where fraud might occur in the financial 51alements and any
potential indieator5 of fraud through our knowledge and undeislanding of the Th)mpany and our sector-specific
experience.
As a result ol these procedures. we considered thè opportunities and inTrnlives thal may exist within the
association for fraud. We are also required to perform specific procedure5 to respond to the risk ol management
oveiride. As a result ol performing the above. we idenlified the following areas as those most likely lo have an
irllpact on the financial statements". health & safety and employment law, as well as compliance with the UK
Companies and Charities Acts.

STANSTED PARK FOUNDATION ILIMITED BY GUARANTEE
CONSOLIDATED FINANCIAL STATEMENTS
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
In &iJdition to th& above, our procedurès to respond lo risks identified included the following".
laking enquirie5 of rnana9eTnent about any kmwn or suspected instsnces of non-complian￿ with laws and
regu12tions and fraud,
. Reviewing minLrfes of meetings of lfrie board and senior management.
Reading cOrresWnden￿ with regul3lor5
Ch311englng assumptipns and judgement$ made by managernenl in their Signf￿snI accounting esbtnates., and
Auditing the ￿sk of rnan8g&tnent oveffid& of coniro15, includ￿9 through testing journ31 entne$ and other
adjustments for appropriateness.
[￿e lo the inherent Iitnrt8lions of an audit, there is an unavoid3ble risk that some material misstatements in the
nancial slal£menls may not be delecled, even Ihough the audit it prope.,ly planned 2nd performed in 3Gcoidan
th the ISAS IUKI. For inslante, the further removed non-compliante Is frorTr t￿.& events and transactions refi6ct8d
in the finanaal slattsments. the less likely the auditor is lo become aware of il orto recognise the nofvcompliance.
A further des¢iiplion of our responsibilrties is available on Ihe Finart￿al Reporting Council's website at https'.11
¥wWW.fr¢.￿g_￿kIa￿drtorsreSp0nÈlb1I[tr1es. This description forrns part olour guditoi's reporL
Us¢ of our report
This report Is made solely to the Chaiitable group's mernbe￿, as 2 body, in aorordance with Chapter 3 Df Part 16 of
the Companies Act 2006. Our audil work ha5 been undertaken so that wp might State to the ch8nlable group's
ernbers Ih05e mailers we are required 10 State lo them In an auditors, report and for no other purpose. To the
fullEsl extent perrnitted by law we do not accept or 3ssurno responsibility lo anyone other than Ihe chaiitable group
and the charitable group's members as a body. for our audit work. for this report. or for the opinions vie have
iormed.
Robin Evans BA FCA CTA OChA (Senior Ststutory Auditor)
for 2nd on behalf olsumer Audit
Chartered Accountants
ststutoryAuditor
Piper House
4 Jukes Court
ognor Road
Chicheslor
West Sus$8x
P0198FX
SumerAudrt is a trading name ol Sumer Audilco Limited

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2025
Current financial year
Unrestricted R•strlctad Endowment
funds
funds
funds
2025
2025
2025
Total
Totsl
2025
2024
Nc*t¢$
Income and endowments from..
Donations and legacies
Charitable activities
Other trading activities
Invèsttnenls
Other income
99.315
399.307
267,067
1.462,671
23,730
6.336
105.651
399,307
267,087
1.504,919
23.730
24,543
213,952
248.503
1.419,968
79,361
42,248
Total income and endowments
2,252,090
6,336
42.248
2,300,674
1,986.327
Ex
endlture on-
Raising fLJnds
Investment property costs
Events expenditure
Inveslrnent management
469.102
186,941
469.102
186,941
4,362
521,019
166,881
4.176
4.362
656.043
4,362
6fj0,405
692.075
Charitabl
ities
House and gardens
Forestry
Wood fuel production
1.147,964
209,874
16,156
1,147.964
209.874
16,158
930,616
187,145
13.54e
Total Charitable expendlturè
1.373.994
1.373.994
1,131.309
Total resoureÈs expended
2.030,037
4.362
2.034.399
1.823,385
Nel gainslllossesl on investments
13
391,234
391.234
182,156
Net incoming rèsources before
transfers
222.053
6,336
429.120
657,509
345,098
Gloss transfers betwèen funds
15
166,171
1166.1711
Net incoming resources
388,224
6.336
262,949
657,509
345,098
Other recognisèd gains and losses
Revaluation of tangible fixed assets
51,375,503 51,375.503
1214.3411
Net movèment In funds
388.224
6,336 51,638,452 52.033,012
130.757
Fund balancès 8t 1 January 2025
695,058
48.968.090 49.663,148 49.532,391
Fund balancès at 31 December
202S
1,083.282
6,336 100.606,542 101,696.160 49,663.148
The statement of financial activities Includes all gain5 and losses recognised in the year. All in¢ome and expenditure
dèrivè from continuing aciivities.

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Plior financlal y•ar
Unrestricted Endowment
fund$
funds
2024
2024
Totsl
2024
Notes
Income and endowments from:
Donations and legacies
Charitable aclivrtjes
Olher trading activities
Inveslmenls
Other In￿me
24,543
213.952
248.503
1,378,940
79,361
24.543
213,952
248.503
1.419.968
79.361
41,028
Totsl Incom$ and endowments
1,945,299
41.028
1,986,327
Ex
endItU￿ on:
Raising funds
Invèstrnenl property costs
Events expenditure
Investment management
521.019
166,881
521.019
166,881
4,176
4.176
687,900
4,176
692,076
Chaiitable aclivilies
House and garden5
Forestry
Wood fuel production
930.616
187.145
13.548
930,616
187.145
13.548
Total charitable expenditurè
1.131.309
1.131.309
Totsl r•soure•s èxpended
1,819,209
4.176
1,823.385
Net gainslllossesl on investments
13
182.156
182,156
Net Incoming rèsources before transfexs
126,090
279.008
345.098
Gross transfers between fijnds
15
159.6451
59,645
Net incoming resour¢8S
66.445
278,653
345.098
Other recognised gains and lo$sè$
Revaluation of tangible fixed assets
1214,3411 1214,3411
Net movèment in funds
66.445
64,312
130,757
Fund balances at 1 January 2024
628.613 48.903.778 49.532.391
Fund balances at 31 December 2024
895,058 48,968.090 49,663.148
The staternenl of financial aGtivilies indudes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
10

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
SUMMARY INCOME AND EXPENDITURE ACCOUNT
FOR fHE YEAR ENDED 31 DECEMBER 2025
All income funds
202S
2024
Gross income
Transfer fromlllol endowment funds
2,258.426
166,171
1.945,299
159,6451
Total income in the ieportin9 period
2,424.597
1.885.654
Total expenditure from income funds
2.030,037
1,819,209
Net income for the y*ar
394.560
66,445

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE>
CONSOLIDATED FINANCIAL STATEMENTS
BALANCE SHEET
AS AT 31 DECEMBER 2025
2025
2024
Notes
Fixed assets
Intangible assots
Tangible assets
Heritage assets
Investment properties
Investments
16
17
18
19
20
39.929
60.506,402
9,021,983
29.695.442
3,036.184
9.106,890
9.021.250
29,544,690
2.949,230
102,299,940
50,622.060
Current assèts
Debtors
Cash al bank and in hand
22
125,720
773.304
126,477
654.940
899.024
781.417
Creditors.. amounts falling due within
one year
23
1247,0981
1388,3141
Net Current assets
651,926
393,103
Totsl assèts les¥ current liabilitiès
102.951,866
51.015.163
Crsdltors= amounts falllng due after
more than one year
24
11,255.7061
11.352,0151
Net asset$
101,696,160
49,663,148
Capital funds
Endowment funds-
eneral
General endowment funds
Revaluation reserve
16.652,774
83.953.768
16,671,913
32.296,177
100,606,542
48.968.090
Expendable &￿￿owment
100,606,542
48,968.090
28
100.606,542
48.*8,090
Income fund$
Reslricled funds
Unrestricted fund
General unrestncted fijnds
Funds retained within non-charitable subsidiarie5
29
6.336
1,072.522
10,760
684,314
10,744
1.083,282
695.058
101,696,180
49.e63.148
These financial statements have been prepared In accordance with the provisions appli¢able lo companies subject
to the small companies regime.
12

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
BALANCE SHEET (CONTINUED)
AS A T 31 DECEMBER 2025
The account5 weie appioved by the Trustees on ........
Viscount Duncannon
Tru5t8e
Company Registratlon No. 4907189
13-

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2025
2025
2024
Notas
Cash flows from operating activities
Cash absorbed by operations
35
{1,154,136}
11,173.8281
Investing activltlÈ$
Purchase of Intangible assets
Purchase of tangible fi'xed assets
Proceeds on disposal of tangible ffixed
assets
Purchase ol heritage assets
Purchase ol investment property
Procèeds on disposal of Investment
property
Purch8se of other investtnenls
Pro￿ed$ on disposal of other Investments
Investment incotlle received
143,0001
(238,9611
1111.5191
20.000
{7331
122,58n
{120,4241
50.001
1141.6701
267.784
1.504,919
1287,2771
389,425
1,419,968
Net cash generated from investing
activities
1,375,753
1,310,173
Financing actlvlties
Repayment ol bank loans
Payment of obligations under finance lèasès
197.3531
15.9001
174,9831
110,6671
N8t cash u$ed in financlng activities
1103,2531
185,6501
Net In¢￿aSe in cash and cash equivalents
118,364
50.895
Cash and cash equivalènts al beginning ol yèar
654,940
604.245
Cash and cash equivalents at •nd of year
773.304
$54,940
Rdating to..
Bank balances and short term deposrts
773,304
654.940
14-

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Accounting policies
Company infomiation
Stansled Park Foundation (Limited by guarantee) is a private company Ismited by guarantee incorporated in
England and Wales. The registerecl office is Stansted Park. Hampshire. Rowlands Castle, P09 6DX.
1.1 A¢¢ounting convention
The financial statements have been prepared in 8ccordan¢e with the Charity's goveming do¢umenl, the
Companies Act 2006 and "Accounting and Reporting by Charities.. Statement ol Re￿￿[￿ended Praclioe
applicable lo charities preparing their accounts in accordan￿ with the Financial Reporting Standard
appIl￿ble in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191" The Charity Is a Public
Benefit Entity as defined by FRS 102.
Thè financial slalewents are prepared in steiling. which is the functional currency of thè Charity. Monetary
amounts In these financial statements are rounded lo the nearest £.
The financial statements have been prepared under thè historic31 cost convention. modrfied lo incltjde the
revaluation of f18ehold properties and lo include Investment properties and certain financi21 instruments 8t lair
valué. The principal accounting poliaes adopted are Sel out below.
The consolidation is donè on a line by line basis. Stansted Park Events Limited is included in the
consolidation but Stansted Park Limited is not as the company ceased trading in July 1992 2nd the results
are not considered matenal for the purpose of giving 3 true and fair view. The Investrnenl in Stansted Park
Limited is sialed at cost in thèse ¢onsolidated accounts.
1.2 Going concern
Al the time of approving the financial statement5. the Trustees have a reasonable expectation that the Charity
has adequate resources lo continue in operation81 existence for the foreseeable future. Thus the Trustees
continue to adopt Ihe going concern basis of accounting in preparing thè financial statements.
1.3 Charitable funds
Unrestricted funds are available for use al the discretion of the Trustees in furtherance of their chanlable
objectives.
Restricted funds are subject to spe¢ttic conditions by donors as to how they may be used. The purposes and
Uses of the restricted funds ale set out in the notes to the a¢¢ounls.
The trustees have the power lo convert the capital endowment into expendable income. The capital is
therefore an unrestricted expendable endowment rather than a permanent endowment. The proceeds of any
sale. again at the discretion ol the trustees, rnay be applied either as capital endowment. lo produce an
income for the purposes of the charity. or as an incotne applied to one or more of the charitable objeds.
1.4 Incoming resources
Income ig recognised when the Charity is legally entitled lo il after any performan￿ conditions have been
met. thÈ 8mounts can be measured reliably. and il is probable that income will be received.
Cash donations are recognised on rèceipt. Other donations are recognised on¢e the Charity has been nobfied
of Ihe donation, unles5 performance conditions require deferral of the amount. Income tax recoverable in
relation to donatioos received under Gift Aid or deeds ol covellant is recognised at the time ol the donation.
Legacie5 are recognised on receipt or othenvise Il the Charity has been notified of an impending distribution.
the amount is known. and receipt is expected. If the amount is not known. the legacy is treated as a
contingent assèt.
15

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Accountin9 policies
(Gontinuedl
Grants receivable are credited lo the Statement Of Financial Ath'vities when the Chanly is legally entiued to
thèm after any performance condibons have been mel. Grants relating lo the development ol investment
property are posted to grants receivable for core activities Ipart of vgluntary income). Grants relating to
country and parkland resloiation and Forestry Cotnmi5510n grants are induded in forestry ¢haril8ble aclivty.
Grants relab'ng to Renewable Heat Incentive ale induded in wood fuel production charitable acttvity.
Service charg6 income is shown net of recharged expendiluie. This expenditure is rechaiged In lull lo the
tenants and Is only incurred on behalf of the tenants and is therefore not expenditure 181atin9 to the
Foundation.
Income, which excludes VAT, comprises sales lo third parties, rents receivable. investment tncome and
incorn8 derived from house opening.
1.5 R8sour¢t$ expended
Liabilities aro recognised when the activity giving rise lo the liability has been in¢urred.
Expenditure is included net ol VAT where applicable. Expenditure is allocated bèlwe8n costs of raising funds
and charitable expenditure which also indudes support and governance costs Included in costs of raising
funds are investrnent property Costs and events expenditure. Included in charitable expenditure undertaken
directly are costs relaling lo house and garden opening which also includes grounds and mansion
expenditure and loreslry. Support cost8 re Gharitable aGtivilie5 for hous¢ and garden opening Indude Estste
managerllent costs. Governance costs consist ol audit and accountancy lees.
1.6 Intsngible fixed assèts oth•r than goodwill
Intangible assels acquired separately from a business are recognised al cost and are subsequently measured
al cost less accumulated amort15ation and accumulated impairtnent105ses.
Intangiblè assets acquired on business ¢ombinations are recognised separately from goodwill al the
acquisition date where rt Is probable that the expected future economic benefits that are attributable to the
asset will flow lo the entity and the fair value of the assel can be measured reliably., the intangible asset arises
from contractual or olher16gal righls." and the iritangible asset is separable trom the entity.
Intangible assets comprise the RHI Accreditation for the Biomass Heating System. Such assets are defined
as having finite u5•ful lives and the costs are amortised on a 51raight line basis over their useful life of 7
years.
Intangible assets are stated at cost less amortisation and are reviewed lor impairtnenl whenever there is an
indication that the carrying value may be Impaired.
1.7 Tangible fixed assets
Tangible fixed assets are initially measured 81 cost and subsequently measured at Cost or valuation, net of
depreoialion and any impaim)enl losses.
Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their
useful lives on the lollowng bases..
Fieehold Land and buildings
Plant and machinery
Fixtures. fittings & equipment
Motor vehi¢les
15.￿ Reducing balance per annum
15°h Reducing balance per annum
25 /0 Reducing balance per annum
16

STANSTED PARK FOUNDATION (LIMITED BY GUAFIANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED>
FOR THE YEAR ENDED 31 DECEMBER 2025
Accounting policies
(Continued)
No depie¢ialion is provided on freehold buildings and heritage a53els as the estimaled useful life and residual
values of the properties and heritage asse15 would render a depieciation charge Immaterial.
The gain or Ios5 arising on Ihè disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is recognised in net incomellexpenditurel foi the year.
1.8 Inv•stm•nt properties
Investment property. which is property held to earn rentals andlor for capital appreciation. is measured using
the fair valLJe model and stated at its lair value at the reporting end dale. The surplus or defieil on ievalualion
and realised gains or losses on property sold are ￿cOgniSed in net inwmellexpendilurel lor the year.
1.9 Heritsge assets
Heritage assets are capitalised in the year of 3¢qUlSltion. Thé measurement basis adopted for their inclusion
in the a¢counts is the value lor insurance purposes.
1.10 Flxed a$set invesljnents
Fixed asset investments are initially me85ured at transaction price excluding transa¢lion costs. and are
subsequently rlleasured at fail v8lue at each ￿porting dale. Changes in fair valuè ale recognised in nèt
incornellexpenditurel for the year. Transaction c051s are expensed as In￿r￿d.
Invest￿entS in subsidiaries are all held at cost in the sèpaiate finanaal statements ol the company.
A subsidiary is an entity controlled by the Charity. Control is the power to govam the financial and operating
policies of the entity so as lo obtain benefits from its activities.
1.11 Impaimient of fixed assets
At each reporting end d3te, the Charity reviews the carrying amounts of its tangible and intangible assets lo
determine whether there Is any indication that those assets have suffered an impairmenl loss. 11 any such
indication exis15. Ihe recoverable amount ol the asset is estimatèd In (Kder to determine the extent of the
impairment1055 lif any).
1.12 Cash and cash equivalents
Cash and cash equivalents include cash In hand. deposits held at call with banks, other short-term liquid
investments with original rnalurilies of three months or less, and bank overdrafts. Bank ovÈrdr8fts are shown
within borrowings in current Iiabilitie5.
1.13 Financial instruments
The Charity has elected to apply the piovisions of Section 11 '9asic Financial Instruments. and Sectson 12
'Other Financial Instruments Issue5, of FRS 102 to all of 115 Iinancial inslruments.
Financial Inslrumellts are recognised in the Charity's balance sheet when the Charity becomes party to the
conlraGtual provisions of the inslrumenl.
Financial assets and liabilities a￿ offset, Wtth the nel amount5 presented In the financial statements. when
there is 3 legally enforceable right to sel off the recognised amounts and there is an intention to settle on a
nel basis or lo realise the asset and settle the liability simultaneously.
17

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Accounting policies
(Continuedl
Baslc flnan¢ialassets
Basic financial assets. which indude debtors and cash and bank balances, are initially measui8d al
transaction price iriduding tran58Ction ¢osls and are subsequently Carried at amortised ¢osl usiiig Ihe
effective interest method unless the arrangemenl constilules a financing transaction. where the transaction is
tneasured at the present value of the future re￿ip1S discounted at a market rate of inleresl. Financial assets
dassified as receivable within one year are not amort15ed.
Basic financi31 liabililies
Basic financtal Iiabilitie5. including creditors and bank loans are initially recognised at transaction price unlèss
the arrangement constilules a financing transaction, where the debt instrument is measured at the piesent
value of the lulure payments discounted al a market rate ol inter8St. Financial liabilities classified as payable
wrthin one year are not amortised.
Debt instruments are Subsequent￿ carried at amortised c05t. using Ihe eff6Ctive interest rate method.
Trade creditois are obligations to pay lor goods or services thal have been acquired in the ordinary course of
operab'on5 from suppliers. Amounts payable are classified as curient liabilities if paym8nt is due wilhill one
year or less. If not, they are presented as non-current liabilities. Tiade creditors are recogn15ed initially at
transaction pri￿ and subsequently measured at amort15ed c051 using the effective interest method.
Dorecognition of financial liabilifie
Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or
cancelled.
1.14 Employe• b•n•flts
The costs of short-term employee benefits are recognised as a liability and an expense.
The cost ol any unused holiday entitlement Is recognised in the peiiod in which the employee's services are
recèivèd.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed
to lerminale the 8tllployment of an employee or lo provide termination benefits.
1.1S RetSrèment benefits
Payments to defiried contribulion retirement benefit schemes are charged as an expense as they fall due.
1.16 Leases
Leases 3r& classified 3$ finance le3ses whenever the terms of the legse transfer substantially all the risks an¢Y
rewards of ownership lo the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognisÈd as sssets al the lower of the a55els fair value al the date of
inception and thé present value of the minimum lease payrnents. The related liability is included in the
balance sheet as a finance lease obligation. Lease payments are tiealed as consisting of caprtal and Interest
elements. The interest is charged to nel incomellexpenditurel for the year so as lo produce a constanl
penodic rate ol interest on the remaining balancè of the liability.
Rentals payable under operating leases. including any lease in￿nI&Ve$ receivÈd. are charged as an expense
on a straight line ba51s over the terrn of the relevant lease.
Rentals receivable under operating leases, induding any lease incentives given, are recognised as Income on
a slraighl line basis over the term of the ￿levant lease.
18

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Accounting policies
Icontinuedl
1.17 Irrecoverable VAT
Irrecnverable VAT is written off to th8 Staternenl Qf Financial Activitiès in thè year it arises.
Critical ac¢ounting estimates and Judgèmènts
In the application of the Charity's acGounling policies. the Trustees are required lo rnake judgements,
estimates and assumptions about the Carrying amount of assets and liabilities that are nol readily apparent
from other sources. The eslirnates and associated assumptions are based on historical experience and tsther
factors that are consideied lo be relevant. Actual results may differ from these eslimales.
The eslimales and underfying assumptions arè reviewed on an ongoing basis. Revisions lo accoullting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period. or in the period of thè rttvision and future peiiods where the ievision affects both current and future
periods.
Key sources ol estimation uncèrtainty
The eslimztes and 3ssumplions which have a significant risk of causing a rnaterial adjustment lo the carrying
amount of 853ets and liabilities are as follows.
Valuation of Invèstment property, Freehold propèrty and Heritage assets
Investment properties. Freehold properties and Heritage assets are Included at lair value by referenTr lo their
market value. Professional valuations are obtained periodically. Given the nature tsf lair values however. there
is a iisk Ihal the actual market value tnay differ from the estimated market valuè in¢luded in the financial
Statements.
Donation$ and legacies
Unrestrieted Restricted
funds
funds
Total Unrèstricted
funds
2025
2025
2025
2024
Donalions and gifts
Friends of Stansled Park subscriptions
91,185
8,130
6.336
97.521
8.130
15,663
8,880
99,315
6.336
105.651
24.543
19-

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Charitsblè activities
House and
gardgn
openln9
2025
Forestry Game Income
Wood fugl
production
Toial
2025
Total
2024
2O2S
2025
2025
Sales within charitable
activities
Performance related
grants
102,630
81.371
675
10,172
194.848
153,983
181,515
22.944
204,459
59,969
102.630
262,886
675
33,116
399,307
213,952
Analysis by fund
Unreslricled funds
102,630
262.888
675
33.116
399.307
213.952
P¢rfomiance ￿lated grants
Forestry Cornmis5ion
Country and parkland
restoration - RPA
Renewable Heat Incentive
Sylva Nova SPRL
16,956
178,925
178,925
22,944
2.590
6,286
20,840
13,885
22,944
2,590
181,515
22,944
204.459
59.969
For the year ended 31 December 2024
House and
garden
oponlng
Forestry Gamo income
Wood fuel
Produc￿On
Tot81
2024
Sales within charitable activities
Performance ielaled grants
88.975
53,820
39.129
1.500
9.688
20.840
153,983
59,969
88,975
92.949
1,500
30,528
213,952
Analysis by lund
Unrestrided funds
88.975
92.949
1.500
30,528
213,952
-20-

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Charitable activities
Icontinuedl
P&rfomiance related 9rants
Forestry Commission
Country and parkland restoration- RPA
Renewable Heal In￿ntiVe
Sylva Nova SPRL
18.958
6,236
18,958
6,286
20.840
13.885
20,840
13,885
39.129
20.840
59,989
Income from other trading activlties
Unrestri¢ted Unrestricted
funds
lunds
2025
2024
Non-ch3rilable trading actiwties
267,067
248,503
Investments
Unrestricted Endowment
funds
funds
generdl
2025
Total Unr85tii¢ted Endowment
fund$
funds
general
2024
Total
2025
2025
2024
2024
Rèntsl incorne
Income from listed
invèstments
Service Gharge income
Water income
Interest receivable
1,222.407
1.222,407
1,140,592
1,140,592
42.248
42,248
214,800
5,414
20.050
41,028
41,028
209,838
5.678
22.832
214,800
5,414
20,OSO
209,838
5.678
22.832
1.462.671
42.248
1,504,919
1,378.940
41,028
1,419,968
Other income
Unrastroctsd Unrestricted
funds
funds
2025
2024
Net gain Dn disposal of tangible fixed assets
Qlher income
Insurance claim received
18.770
12,830
47.761
10,198
13,532
23.730
79.361
21

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Raising funds
Unrestricted Endowment
funds
fund$
general
2025
Totsl Unrestricted Endowment
funds
funds
general
2024
Total
2025
2025
2024
2024
Investmen
costs
Repairs and maintenan
Premises costs
Othei costs
Staff costs
Depreaation and
impairment
ro
ert
125.056
150,932
38.727
150,636
125.056
150.932
38.727
150,636
163.886
143,492
69,316
143,468
163,886
143,492
69,316
143.468
3,751
3,751
857
857
Investment property
costs
489.102
469,102
521,019
521.019
Events ex
nditurÈ
Operating trading
company undertaking
non-¢harilable trading
141,010
2,332
43,599
141.010
2,332
43,599
129,752
2.497
34.632
129,752
2,497
34,632
Other c051s
Staff costs
Events expenditure
186,941
186.941
166,881
166.881
Investment rnana
ement
4,362
4,362
4,176
4,178
656.043
4,382
660.405
687,900
4,176
692,076
Included in Investment property other costs is bank loan interest payabl& of £19,45012024- £26.0411.
22-

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WZO
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J oo

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
10 Support costs allocated to activities
2025
2024
Staff costs
Depreuation
Repairs and maintenance
Piernises costs
Olher costs
Governance ¢osls
234.896
5.134
4.356
123,139
159,612
15,300
223,299
6,324
18,822
104,479
142,570
17.000
542,437
512.494
Analysèd bètween..
House and gardens
542,437
512.494
2025
2024
Govemance costs comprisè..
Audit fees
Fees payable lo the auditors for non-audil fees
10.750
4,550
10.920
6,080
15,300
17,000
Included in Support other costs is bank loan interest payable of £41.66612024 £41,666)
n addition to the audil and accountancy fees above. there are audit lees relating to the subsidiary of £3.20
12024 - £3.0351 and accountancy fees for the subsidiary of £1,25012024- £1.5351. These costs are Induded
in Events expenditure In Raising funds.
11 Trustees
None of the Trustees lor any persons conneeled with them) received any remuneration or expenses during
Ihe year.
DuTing the year, the Foundation Gharged Aleramo Lanza. a Iruslee. rent of £25,99812024 - £16,598), electric
recharges of £2.16312024- £1,67212nd service Fecharges of £1,1 (>1 12024- £6841. Included in Trade debtors
is £012024 - £8971 owed by A Lanza.
During the yezr. the Foundation charged Mr5 Caroline Daniel. a trustee, rent of £23,310 12024 £22.9401.
service rechaiges of £17012024- £1551 and water recharges of £16012024- £160}.
During the year, the Foundation Fnade timber sales of £18612024 - £01 to Mr Yanni Pelsopoulos, a tmslee.
Included in Trade deblors is £19912024 £0) owed by Y Pelsopoulos..
-24-

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
12 Employees
Number of employees
The average monthly number of employees during the year was..
2025
Number
2024
Number
Management
Administration
Other- full lime
Other- part lime
16
16
Employment costs
2025
2024
Wages and salaries
Social security costs
Other pension costs
Housing Costs and èxpenses lor the Director of the Foundation
Stewards,. volunteers, and staff expenses and training
512,021
57,799
15.697
51.210
25,695
497.479
48.082
16,585
45,984
20.862
652,422
628,992
The number of employees whose annual remuneration was £60,000 or mo
were..
202S
Number
2024
Number
£120,000- £130,000
£130,000- £140,000
Contributions lolalling £7,271 12024.. £3,382) were made lo defined oontribulion pension sd)emes.
heafihcare and life insurance on behalf of employees whose emoluments exceed £60,000.
Remuneratlon of key management pèrsonnèl
The remuneration ol key management personnel is as follows
202S
2024
Aggregate eompensation
139.562
132,730
-25-

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
13 Nèt 9ainslllo$sesl on invèstments
Endowment Endowment
lunds
funds
general
general
2025
2024
Revaluation of investments
Gainlllcissl on sale of investments
Gainlllossl on disposal of investment properties
334,231
7,0(12
50,001
173,997
8.159
391.234
182.156
14 Taxation
Stansled Park Foundation is a regisler¢d charffy (number 11012511.
AS a result of rts charitable status no liability to taxation arises on the Foundation's investment income.
Profits on Stanstèd Park Events Limited a￿ translerred lo Stansted Park Foundation by w2y of gift aid.
15 Transfers
Thè transfer between funds is made up of the folowing"_
£166.171 transleried from Endowment to Unrestricted funds due to a net tiansler of money of £164.000 out
of the investment portfolio, freehold and investment property improvernenls and heritage assets additlOll5
funded out of unrestricted funds of £23.320. the write off ol Visitor Cenlre Project expenses out of treehold
propety of £111,040 2nd the nel reduction ol bank loans lunded frorn endowrnent funds of £85.549.
12024.. £59,645 transferred from unrestricted to endowment funds due to a net transfer of money of 1138.998
out of the investment portfolio, freehold and Investment propety Improvements funded out of unrestiicted
funds of £135.549 and the nel roduction in Bank loans funded from vnreslrided fvnds of £63.0941.
26-

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
16 Intangible fixed assets
Cost
Al 1 January 2025
Additions- Separately acquired
43,000
Al 31 December 2025
43,000
Amortlsatlon and impaimient
Al 1 January 2025
Amortisation cha¥ged lor the year
3.071
At 31 December 2025
3,071
Carrying amount
Al 31 December 2025
39.929
At 31 Decerrbei 2024
17 Tangib￿ fixed assets
Frsehold Land
and bulldlngs
Plant and
machlnery
Flxturos. Motorvehlcles
flttings &
equipment
Total
Cost or valuation
At 1 January 2025
Additions
Disposals
Rev31ualion
8,843,737
649,573
150,833
1111,0401 1385.7501
51,375,503
214,042
76.453
152.055
11,fj75
9.859,407
238,961
1496.7901
51.375.503
At 31 December 2025
60,108,200
414.656
290,495
163.730
60,977,081
Depreciation and impairniènt
Al 1 January 2025
Depreciation charged in the year
Eliminated in respect of disposals
551,657
33.793
1362.2761
151,673
18.009
49,187
28,636
752,517
80.438
1362,2761
At 31 December 2025
223,174
189.682
77,823
470.679
Carrying amount
At 31 December 2025
60, 108.200
191,482
120.813
85.907
60,506,402
At 31 December 2024
8,843.737
97,916
62,369
102,868
9.106,890
27-

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
17 Tangib￿ fixed assets
(Continued)
The nel carying value of tangible fixed assets includes th8 following in respect of assèts held under finance
leases or hire purchase ¢onlra¢ts. The depreciafy'on charge In respect ol such assels amounted to £O12024-
£4.9981 for the year.
2025
2024
Plant and machinery
Motor vehicles
14,616
7,256
21.872
We have used the Sedgwick valuation report to revalue Ihe freehold property elements that include buildings.
Thi5 valuation uses the reillslalement cost of the buildings as at August 2024. Given the unique nature ol the
property, being that of a stately home and its estate of listed buildings. aehieving a meaningful markel
valuation of the property is considered to be difficult, hence the adoption of thi5 C05t melhod of valualion. This
is a change of estimation method from piior years when an open tnarkel valuation method was used.
Freehold property also includes a nurnber of tranches of wood5 and parks. being land only property and it 15
onsidered appropriate tts continue to adopt market valuations foi this land. The historioal cost of these
assets is £4.500.26212024.. £4,500,262).
18 Heritage assets
Al l January 2025
Purchases
9.021,250
733
At 31 DÈ¢ember 2025
9,021.983
In common with many hisloriG houses. the Heritage assets con51St of furniture and lumishings, carpets and
rugs, lapeslries, collectors ilems. clocks, silver and plated wares. objects of vertu, European and Oriental
ceramics. works of art. gardÈn stalu2ry, Pi¢tures and books.
The Trustees maintain the ￿lleCtIOn relevant to th8 history of the house and lo thé Ponsonby farnily. From
lime lo time there are acquisitions and disposals of the collection. The collection is catalogued and valued by
major valuation Auction House. Visilors to the house have ac¢e$s lo the public rooms. Other a18as can be
visited by prior arrangement.
During the past five years there have been additions of heritage assets of £733 (none in 2021. 2022. 2023
and 2024 and £733 in 20251. No heritage assets have been sold during the past live years.
Thè Hèmage assets were valLJed at 31 December 2024 by specialist valLJers Sothebys, Quastèl Associates
and Spink & Son for insurance purposes at £9,021,250.
The historical cosl of these assets is £3,339.919.
28-

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR fHE YEAR ENDED 31 DECEMBER 2025
19 Investment property
202$
Fair value
At 1 January 2025
Addrtions through external acquis>tion
Net gain5 Qr losses through fair value adjus(ments
29,544,890
22,587
128,165
Al 31 December 2[125
29.695.442
The Iru5tees have valued the investment property on a consistent basis with previous years. RM Davies has
provided updaled valuations as at 31 December 2025 and we have consideied his expertise and experience
as appropriate lo provid8 these valuations. Based on his market assessment the carrying values as al the last
valuation130 September 20221 have been uplifted by 5°A. adjusting for any piopety additions since the last
valuation.
11 investment properties were stated on an hisiorical cost basis rather than a fair value basis. the amounts
would have been included as follows".
2025
2024
Cost
Accumulated {Jepre￿atIon
7.734,383
7.711,796
Carrying amount
7.734.383
7.711.796
20 Fixed assèt invèstmènts
ListedLiquldity Fund
investments
Cash in
Other
portFolko investments
Total
Cost or valuation
At l January 2025
Additions
Valuation ¢hanges
Movement in cash balances
Disposals
2,584.389
29.954
206,066
330.500
104.000
34.339
2.949,230
133954
206,066
7,716
1260,7821
7,716
1260,7821
Al 31 December 2025
2.559,627
434.500
42,055
3,036,184
Carrying amount
Al 31 De￿mber 2025
2.559,627
434.500
42,055
3.036,184
Al 31 De￿mber 2024
2.584,389
330.500
34,339
2.949,230
-29-

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2025
20 Fixed asset investments
(Continuedl
2025
2024
Other investrnents ¢omprise.'
Notes
Investments in subsidiaries
34
Fixed asset inveslmènts revalued
The listed investments are valued at their market value at 31 Decernbei 2025 01 £2,559.627 12024..
£2.584.3891. The historical cost of the listed Inve51rnents is £1,856,921 12024. £2,035,606).
Fixed asset Invesb))ents not carried at market valuè
The Liquidity Fund. eash in the portlolio and the shares held in subsidiaries are stated at ¢osl.
21 Finan¢ial instruments
2025
2024
Carrying amount of financial assets
Instruments measured al 13ir value through proffil or loss
2,559,627
2,584.389
22 Debtors
2025
2024
Amounts falling due within on• y8ar=
Trade debtors
Olhei debtors
Prepaymènts and accrued income
93,043
20,493
12,184
103.974
3,700
18,803
125,720
126,477
23 Creditors.. amounts falling duè within one year
2025
2024
Notes
Bank loans
Obligations under finan￿ leases
Othei taxation and social securty
Trade creditors
Other creditor5
Accruals and deferred Income
25
26
$4,560
53.800
5,900
49,171
140,725
79,549
59,169
46,675
32,002
57.926
55.935
247.098
388,314
30-

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
24 Croditor5-. amounts falling due aftèr more than one year
202S
2024
Notes
Bank loans
25
1,255,708
1.352.015
25 Loans and overdrafts
202S
2024
Bank loans
1,310,266
1.405.815
Payable within one year
Payable after one year
54.560
1,255.706
53.800
1,352.015
Amounts included abovè which fall due after five years..
Payèble by instalmenls
Pay2ble other than by Inslalments
16,420
502.938
93.200
502.563
519,358
595.763
The long-term bank loans are S￿￿[ed by fixed charges over certain Freehold invèstrnènt property of the
mpany which have a total value in the accounts of £5,321.288.
The company has two fixed rate. interest only. long term bank loans of equal amounts. Thè first loan has a
fixèd iale ol Interest of 3.86 /0 per annum, with the one off capital repayrnenl being in February 2028 and the
second loan has a fixed rat8 of interest of 4.35°/. pèr annum, with ihe one off ¢apital repayrnent being in
Febiuary 2038.
The company also look out two new long term bank loans in 2022. The first loan has a fixed rale of interest of
4.38Q/o per annum. with capital and interest repayments being rnade rnonthly, with the final inslalrnent being
paid in February 2031. The second loan has a variable rale of Inteiesl o12.5°/o above the Bank of England
base rate. with capital and interest repayments being made rronthly. with thè final Instalrnenl being paid In
June 2031.
The gioup also has a government backed bounce back loan of £5,000 which has interest at 2.5°/o per annum
and will be repaid by Tnonlhly instalments until Il is repaid in June 2026
26 Finance lease obligatlon$
Future minimum lease payments due under finance leases
2025
2024
Within one year
5.900
The hire purchase obligations on a motor vehicle and an item of plant and machinery have now ended. During
the year there have been finance ¢haiges incurred of £72912024- £1.0381.
31

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
27 Reliremgnt benefit s¢hemes
Defined contrlbution schemes
The Charily operates a defined contribubon pension scheme for all qualifying employees. The 3ssels of the
scheme are held separately from tho$6 of the Charity in an independently adrninistered fund.
The tharge to profit or loss in respect of defined contribution schemes was £15.69712024- £16,585).
32-

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STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
29 Restricted fund¥
The income funds of the charity illclude reslricled funds comprising the following balan￿$ of donations and
grants held on trust for speafic purposes..
At 1 January
2025
Incoming
resourcès
At31
D•¢embèr
2025
Chapel refurbishment
6,336
6.336
30 Analysis of nèt a$sets behveen funds
Unrèstrlctèd
funds
202S
Restricted EndowrnerFt
funds
fund5
3025
2025
Total
2025
Fund balances at 31 Decembar 2025 are repres8nt*d by:
Intangible fixed assets
39.929
Tangible assets
398.202
Heritage assets
Investment propertie5
Investments
Current asselsllliabilitiesl
Long t8rm Itabilities
39.929
60.108,200
60,506.402
9.021,983
9,021.983
29,695.442
29.695,442
3,036,182
3.036,184
441
651,926
11.255,7061 11,255,708)
645.149
6,336
1,083.282
6,336 100.606,542 101,696,160
Unrestricted
funds
2024
Restricted Endowrnenl
funds
funds
2024
2024
Total
2024
Fund balances at 31 Dec•mbèr 2024 are representéd by..
Tangible assets
263.153
Her¢tage assets
Investment properties
Investments
Current assetsllliabililiesl
Long term liabilitiÈ5
8.843,737
9,106,890
9.021.250
9.021.250
29.544.690
29,544,890
2.949,228
2,949,230
143,8001
393,103
11,347,015) 11.352,0151
436,903
15,0001
695,058
48,968.090
49.663,148

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS (CQNTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2025
31 Operating lease commitmgnts
Lessee
Al the reporting end date the Charity had outstanding commitments for future minimum lease payments under
non-cancellable operating leases of £9,735 12024 E12.3311.
The lotal expenditure in the year relating to operating le85es is £2,64612024- £1.4271.
Lessor
The leases consisl of residential assured tenancies and commeraal leases.
Al the reporting end date the Charity had ¢onlraded with tenants lor the following minitnum lease payments..
202S
2024
wrthin one year
Between two and five yeaf5
In over five years
895.180
1,152,961
1.142,521
919,220
1.368.836
1.247.301
3,190.662
3,535,357
32 Capitsl commitments
2025
2024
Amounts conliacted lor but not provided in the financial statements..
Aoquisition of prO￿rtY. plant and equipment
60.432
33 Relatsd paity transactions
Transactions with related partie$
During the year the charitable group entered into the following transactions with lélated parties..
The Earl and Countess o18essborough are directors of Broadreed Lirnited. During the year the Foundation
charged lent to Broadreed Limited of £6,71012024- £6.7101 and the Foundation piirchased builcling m>leria15
from them of £1.21712024- £01. Included in Trade debtors is £012024- £2831 owed by Broadreed Limited.
The Earl of Bessborough's son. Viscount DuneAnnon. who is also a trustee, is a sharehtsldèr in Sam and
Fred's Fine Food Cornpany Ltd. During the year there was rent rèeèivable from Sam and Fred's Fine Food
Company Ltd of £34.818 12024 - £32,500). electric recharged lo Ihem of £17.591 12024 £17,831), water
charged of £100 12024 - £1001. services recharged of £1.30612024 - E2761. Insurance recharged of £1.003
12024 - £0) and healing rech3rged of £012024 - £3961. Incjuded in Trade debtors is £5,600 12024 - £6.8141
owed by Sam and Fred's Fine Food Company Ltd. There was a150 sundry expenditure incurred of £012024 -
£1681 Irotn Sam and Fred's Fine Food Company Ltd and included In Trade creditors Is £O12024- £2021 owed
to thém.
35-

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
34 Subsidlarlos
These finanGial statements are consolidated charitable group financial statetnenls for Slansled Park
Foundation group.
Details ol the Chartty's subsidiaries al 31 December 2025 aré as follows..
Name of undertaklng and ¢ountry of
incorporation or residency
Nature of business
Class of
sharèholding
% Hèld
Direct Indirect
Slansled Park Events
Limited- Company no.
03435921
Slansted Part( Limited
Company no. 2017292
England
Functions al Slansted Park
Ordinary
100.00
England
Dormant
Ordinary
71K).00
The aggregate capital and reservés and the result for the year of these subsKliaries were as follows..
Name of undertaking
ProftUILossl Capital and
Resèrvès
Stansled Park Events
Limited - Company no.
03435921
Slansled Park Liwited-
Company no. 2017292
48,432
10.762
164.592}
Both ol these sub51diaries have the samè registered office as the parent.
Stansted Park Events Limiled is included in the Consolidated accounts ol Stansted Park Foundation,
howevei, Slansled Park Limited Is not included In the Consolidated accounts as the cotnpany ceased trading
in July 1992 and the resutts ale not conSide￿d matenal for the purpose of giving a true and fair vi￿. The
investment in Stansled Park Lirriled is staled at Gost in these consolidated accounts.
The principal activity of Stansted Park Events Limited is that of providing services and lacililies for fundions
at Stansted Park. The aggregate amount of assets al 31 DeGernber 2025 is £105.216, liabilities is £94.454
and has funds of £10.762. The company's tumover Is £265,415. olher income is £1,650, expenditure is
£220.633 and profit lor the year is £46,432.

STANSTED PARK FOUNDATION (LIMITED BY GUARANTEE)
CONSOLIDATED FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED>
FOR THE YEAR ENDED 31 DECEMBER 2025
35 Cash generated fvom operations
2025
2024
Surplus lor the yeai
657,509
345.098
Adjustments for".
Investment income recognised in slalement of financ481 activities
L0$51lgainl on disposal of tangible fixed assets
Write off of V151tor Centre Project expenses
Gain on disposal ol investment property
Gain on disposal ol investments
Fair value gains and losses on investments
Amortisation and impaiirnent of intangible assets
Depreciation and impairment ol tangible fixed assets
11,504,919) 11,419,968}
23.474
118,770}
111.040
150.0011
17,0021
1334,2311
3.071
80.438
18,1591
1173,9971
34.242
Movernenls in working capital..
Ilncreaselldecrease in stocks
Decrease in debtors
IDecrease)fincrease in creditors
Ilncreaselldecrease in loan sel up fee prepaid
181
3.957
61.699
1.889
757
1136,0761
1,804
Cash absorbed by operations
11.154,1361
11,173.8281
36 Analysis of changes in net Idebtllfunds
Al l January
202S
Cash flo￿ At 31 De¢emb8r
2025
Cash al bank and In hand
654,940
118,364
773,304
Loans falling due within one year
Loans falling due after more than one year
Obligations undér financè leases
{53.8001
11,352.0151
15.9001
{7601
96,309
5,900
154,5601
11.255,7061
1756,7751
219,813
1536,9621
-37-