THE CLAUDE JESSETT TRUST COMPANY
REPORT OF THE TRUSTEES
AND FINANCIAL sTATE[￿s
for the year ended
31st DECEMBER 2023
Company NuTtLber 0462 04 81
RegisLered Charity Number 1107337

THE CLAUDE JESSETT TRUST COMP2¥NY
CONTENTS OF THE FINANCIAL STATEMENTS
Contents
Page
Reference and administrative details OE the chatity*
its trustees and advik3ers
Report OE the Trustees
statement of Trustees, Respousibilitie
Independent Examiner, s Report
Staternent of Financial Activities
Balance Sheet
Note
to the Financial St￿tre￿entS
12
19

THE c￿￿uDE JESSETT TRUST CONP2WI
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CFIARITY, ITS fRUSTEES AND ADVISERS
f or the year ended
31st DECEMBER 2023
Ccxnpany number
04620481
Charity number
1107337.:.
Trustees
g TDaly
B J Floyd
P J Greinig
P Haining
J J Hat£ield
G S Osborne
C N Rogers
Secretary
P Haining
Registered Of f ice Horns Lodge,
Meres Lane,
Cross-in-Hand,
Heathf ield,
East Sussex.
TN21 OTY.
Banker￿
Barclays Bank PLC,
73 /75 Calverley Road,
Tunbridge Wells,
Kent,
TNI 2UZ.
Metro Bank PLC,
One Southampton Row,
London,
WCIB SHA.
Solicitors
T G Baynes,
5 Market street,
Dartf ord,
Kent,
DAI IDB.
rndepenaent
ExaTlliner
JaTnes Duggan,
Simmons Gainsf ord LLP,
52 New Town.
Uck£ield,
East Su55ex,
TN22 5DE.

THE CLAUDE JESSEW TRUST COMPANY
REPORT OF THE TRUSTEES
for the year ended ended 31st DECEMBER 2023
The trustees Iwho are also directors of the charity for the purposes of the Companie5
Act) present their annual report together with the financial staternents of The Claude
essett Trust CoTnpany (the company) for the year ended 31￿tr Decetnber 2023. The
trustees Confirm that the knnual Report and Financial StateTnents of the charity
cornply with the current statutory requirementw of the charity, s governirkg docutnent
and the provisions of the StatemÈnt of Recomrnended Practice ISORPI applicable to
charities preparing their accounts in accordaAce with the Financial Reporting
standard applicable in the UK and Ireland IFRS1021 (effective January 20151
OBJECTIVES AND ACTIVII'IES
Policies and Ob jectives
fn setting objectives and planning for actlvlties, the trustees have given aue
consideration to general guidance published by the Charity Commission relating
to public benefit and in particular to Lts Supplementary public benefit
guidance as to deciding what activities the trust should undertake.
The Main objectives 0£ The Claude Jessett Trust Comparny are the foundation and
maintenance by such means as are charitable of a public museum for the
exhibition of steam engines,
£air organs and other historic vehicles and
mechanical eqUip￿ellt.
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The trust is principalLy engaged in the preservation and restoration of Steam
engines. fair organs and other historic vehicles and mechanical equxpment.
ACHIEVEME￿rS AND PERFORMANCE
Review of Activities
Work on various heritage assets has proceeded. Work on the resLoration of an
ex-London Transport single deck bus continued along with work on the roof of
the Bristol open top bus which was donated to the trust in 2012. The Limonaire
fair organ ha5 had a major overhaul after rnany years of faithful serwice and
waLer damage to tPLe Mortier fait organ caus@d by a problern with the roof OE the
organ museurD building has been
rectif led.
ollowing
completion
of the
Ye￿￿OratIon of the pre-war Fordson tractor, the Bren Gun carrier which has been
out of action £or Thany years has been tnoved into the workshop for restoration
including the Eitting 0£ the correct type of engine.
The trustees are investigating the potential lor shared funding for future
major building projects. and some clearance in anticipation 0£ construction 0£
the enlarged fair organ museum is continuing to be been carried out. Work ha5
continued on the renovation of the original railway engine shed, and this
project is close to completion.

YHE CLAUDE JESSETf TRUST COMPAWI
REPORT OF THE TRUSTEES
for the year ended 31st DECEI4BER 2023 Icontinuedl
The trustees nortnally promote the trust at various external events and in
particular the annual display at the Festival 0£ Transport at Hellingly at the
end of August has become a well established part of that event.
The Trust has
continued to hold Inte￿aL events and to welcome enthusiast groups to look at
the collection.
In 2021 a £ortRal system of section leaclers was put xn place to co-ordinate
activity in their areas and to report to the Lrustees on a regular basis.
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InvestTnent Policy and Perf orfflance
The frust'8 investTnent properties are Tnanaged directly by the trustees and
continue to provide the appropriate r&turn. The portf olio continues to generate
£ee5 from lease &xten5ions.
The Trust, s non-property portfolio is invested on a medium risk basis with an
independent ￿nVestInent tnanagement company which is regulated by the Finan¢ial
Services Authority to ensure that the Trust, s objectives can be Tnet each year,
with any surplus being invested for the longer teThn.
FINANCIAL REVIEW
Going concern
After making appropriate enquiries. the trustees have a reasonable expectation
that the charity has adequate resources to continue in operational existence
for the foreseeable £uture. For this reason they continue to adopt the going
concern basis ID preparirlg the financial statetnents. Further detail￿ regarding
the adoption of the going corlcern basis can be fouTLd in the Aceountir2g
Poli¢ies.
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Reserves Policy
The trustees have forecast the level of free re￿erVeS (that is those funds not
tied up in fixed assets. and designated as re
tricted funds) the charity will
require Lo sustain its operations. The trustees are pleased to note that Lhere
are
suf f icient f ree
reserves to provicle financial flexibility for the
f oreseeable fuLure.
The closing reserves at 31st December 2023 arnounted to £7,075,808 12022:
E7,013,6691
Material Investments policy
Following the death of Mrs Jessett in April 2004, the trust received, apart
rrom the larLd and buildings at Hadlow Down. which were to be the basis for the
tablishment and development of the rnu5eum,
portf ol io of
invesLmenl
properties and a 5igni£icant amount of cash. At the tiffte of transfer fro￿ the
estate of Mrs Je55eLt to the Trusl in 20DS, these assets comprised property
WLth a valuation of £2. 091tn and cash of £1. 319rn.

THE CLkTJDE JESSErr TRUST COMPANY
REPORT OF THE TR17STEES
for the year ended 31st DECEMBER 2023 Icontinuedl
These assets are required to finance the development 0£ the site which will
include the establishrnent of new buildings for the storage, restoration and
display of the heritage assets, and for related site infrastructure development
including water, drainage and electrlcity. Planning pennission tor several new
buildings on the Site ha.
.been obtained. The a55et5 are also required to
finance the r@storation of the Trust's heritage assets and the purchase OE
further heritage as8ets in accordance with the collection policy of ihe Trust.
Income frotn these assets is uttilisea in covering routine running costs of the
Trust but XL is the capital which is the primary consideration to finance the
capital pro j ects outlined above.
The trustees took the decision to Tnaintain a balance betw&en property and
financial investments in Tnuch the same proportion as the inheriled positLOn.
Minaful of the attitude of both Mr and Mrs Jessett to investments involving
risk, the decision was taken to retain the majority of the non-property ftsnds
as cash on deposit but in view of the ri￿rk of erosion of capital in the mediutn
and long term if inflation exceeds interesÈ received. to invest £500.000 in
inves¢ment trusts WLth a low to medium risk profile. The detailed investment
deciLJions for this surn were delegated to independent qualified financial
advisers.
The trustees also took the decLSLon to purchase land forming part of Wilderness
Wood to the west of the site tor £100, 000. This land is clo$e to the location
of the new buildings and was seen by the trustees as an important Step to
safcguard the trust against future developrnent of Wildernesv Wood which not
planned by the current owners but which might result in residential developrnent
close to the buildings with the risk of cotnpLaints about noise, ete.
After a protracted process with the Barclays bank compliance department who
were attetnpting to understand the workings of a company limited by guarantee.
a process which hao resulted in the bank paying the Trust a total of £450 in
cotnpensation, but which had resulted in a threat for fflaThy tnOTkths of the bank
unilaterally freezing the company, s bank account and preventing it from being
able to continue,
la fate which the trustees know has been applied to other
SiENilar entities by this bank) , the trustees took the decision to open account
with a &¥econd bank as a precaution against any future actions by a single bank.
Metro bank selected and accounts have been opened in 2024.
STRUCTURE, GOVERNANCE AND PILANAGEMENT
Constitutxon
The cornpany was incorporated in Dece￿Lber 2002 and is limited by guarantee. The
Liability of members is limited to £10 per member.
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Method ot Appointment or Election of Tru3tee5
The number of trustees shall not be less than three: there is no maxitnu
nuTther. The original trustees were the trustees of The Claude Jessett Trust.
Under the Articles of Assoeiatiort all trustees retire from of f ice at the £irst
annual gÈneral ￿eetIng and at every subsequent annual general meeting one third
of the trustees retire by rotation. New trustees may be appointed during the
year by the trustees and will be subjeet to reappointrnent at the next annual
general meeting. Otherwise a resolution to appoint a new trustee rnust be
included in the notice of the annual general meeting and bE Voted on by the
Tne1llber￿ at the annual general meetirtg.

THE CLAUDE JESSETT TRUST COMFANY
REPORT OF THE TRUSTEES
for the year ended 31$t DECEMBER 2023 Iconlinuedl
Risk Management
The trustees are continuing to carry out a detailed review of the charity's
acLivities and are producing a comprehensive strategic plan setting out the
major opportunities available io the charity and the risks to which it is
exposed. The trustees meet'quarterly an6 will monitor progress against the
strategic objectives at each meeting and a comprehensive review of the plan
will be carried out annually. As part of the process,
the trustees are
instigating a risk Tnanagement strategy which comprises:
An anuual review of the risks which the charlty TThay face,.
The establishment of systetns and procedures to Tnitigate those risk5 identif led
in the plan,"
The implErnentation of procedures designed to rAinimise aIiy potential impact on
the charity should any 0£ those risks maLeriali8e.
PLANS POR FUTURE FERfoDS
The trustees will continue to improve and develop the site of the TllUSeum
including the construction of new buildings pèrmitted under the terms of the
existing planning permissions, and continue to work to restore more of the
collection while tnaintaiThing maintenance on those itemv
within the collection
currently in working order.
TRUSTEES, RESPONSIBILITIES
We acknowledge our responsibilities as trustees as set out on page 7.
SMALL COMPANY PROVISIONS
These f inaneial statementv
have been prepared in accordance with the provisiona
applicable to companies subject Lo the srnall companies, regxme withinrL Part 15
of the CO￿panieS Act 2006.
This report was approved by the Trustees on 25th SepteTtLber 2024 and signed on their
behalf by
PETER IU¥INTNG
Trustee
ww. tinkerspark. com

THE CLI¥UDE JESSETT TRUST COMPPJIY
STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE ACCOUNTS
for the year ended 31st DECEMBER 2023
The trustees are responsible for preparing the Trustees, Annual Report and the
f inancial statements In accordance wiLh applicable law and United Kingdotn Accounting
standards Iunitecl Kingdotn Generally Accept@d Accounting Practice I , including FRS 102
'The Financial Reporting Standard applxcable in the United Kingdom and Republic of
Irelandl
The law applicable to charities in England and Wales requires Èru5tees to prepare
financial statements for each financial year which give a true and fair view of the
state of affairs of the charity and of the incorning resources and application of
resources of Lhe charity for that period. In preparing Lhese financial statement￿1
the trustees are required to..
select suitable accounting policies and apply them consistently.-
observe the methods and principles in the Charities SORP,.
make judgements and estinates which are reasonable and prudent.,
state whether applicable accounting standards have been followed, subjecL to
any material departures disclosed and explaxned in the f inancial statements,.
prepare the financial statements on the goxng coneern ba￿￿18 unless it is
inappropriate ¢0 presuThe that the charity wilL continue in operation.
bl
dl
The trustees are revponsible for keeping suf f icient accounting re¢ords that dlsclose
with reasonable accuracy at any tiTne Lhe financial p051tion of the charity and enable
them to ensure that the f inancial statements cornpLy with the Charities Act 2011, the
Charity (Accounts and ReportÈl Regulations 2008 and the provi￿VIonS of the trust dÈÈd.
They are also responsible for safeguarding the assets of the charity and hence for
taking reasonable steps for the prevention of fraud and other irregularitie5
In so far as the trustees are aware..
there is no relevant audit information of which the COTi￿anY,S independent
examiner xs unaware.. and
bl
the trustees have taken all steps they ought to have taken to make the1￿selveS
aware of any relevant audit information and to establish that the independent
examiner is aware of that information.

REPORT OF THE TNDEFENDENT EXAMINER
TO THE TRUSTEES OF
THE CLFLUDE JESSETf TRUST COMPANY
I report on the financial statements of the charitable COTnpany for the year ended
31st December 2023 as set out on pages 10 to 19.
This report is made solely to the charity's tEU5tees, as a bodyi in accordance with
section 145 of the Charities Act 2011 and regulations t[￿Cle under section 154 0£ that
Act.
My'work ha been undertaken. so that I might vtate Lo the charity's trustees
those matters I am r2quired to state to them in this report and for no other purpose.
To the fullest extent pemitted by law, I do not accept or as5UTne responsibility to
anyone other than the charity and the charity, s trustees as a bodyi for Tny work, for
this report or Eor the opinions I have formed.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES EXAMINER
The charity, s trustees (who are also the directors ot the company for the purposes
of company lawl, are responsible for the preparation of fiTkancial statements. The
trusLees consider that an audit is not requxred for this year under section 144 121
of the Charities Act 2011 (the '2011 Act, l and that an indeperLdent examination i
needed.
Having satisfied myself that the charxty is not subject to audit under COTnpany law
and is eligible for independent examination, it is my responsibility:
to examine the financial stateTnentB under section 145 of the 2011 Act,.
Lo follow the procedures laid down In the GÈrteral Directious givern by the Charity
Commission under Section 145151 Ibl of the 2011 Act.,
to state where particular maLters have eome to my attention.
BASIS OF Ib7DEPENDENT EXAMINER, S REPORT
My examination was carried out in accordance with the General Directions given by the
Charity Commission. An exaTnination includes a review OE the accounting reeords kept
by the charity and a compari50n of the financial statetnents presented with those
records. It also includes consideration 0£ any unusual itelns or disclosures in the
financial ￿rt￿tementS and seeking explarBtions from you as trustees concerning any
such Tnatters. The procedures undertaken do not provide all the evidettee that would
be required in an audit, and consequently no opinion is given as to whether the
financial •￿tateMentS present a 'true and fair, view and the report 18 limited to
those matters set out in the stateTNent below.
INDEPENDENT EXAMINER. S STATEMEbTr
In connection with my examination, no matter has come to my attention..
which gives Tue reasonable cause to believe that in any Tnaterial respect the
requirements:
to k&ep accounting records in accordance with section 386 of the Cornpanies
Act 2006,.
to prepare f inancial staternents which accord with the accounting records and
to eomply with the accounting requirenents of the sectlon 396 of the Companie
Act 2006 and with methods and principles of the StatemenL ot RecomTnended
Practi¢e.. Accounting and Reporting by Charities
have not been met,. or

REPORT OF THE INDEPENDEN'f EYAMINBR
TO THE TRUSTEES OF
THE CLAUDE JESSErr TRUST COMPANY
IconEinuedl
bl
to which, my opinion, a¢tention should be drawn in order to enable a proper
understanding of the financial statements to be reached.
JJUBS DUGGAN
Jame5 Duggan FCCA
Simmons Gaxnsf ord Professional Services Ltd, Chartered Accountants
52 New Town
Uckf ield
East Sussex
TN22 5DE
Date.. 25th SepteTnber 2024

io
THE CLAUDE JEss￿TT TRUST COMPANY
STATBMBNT OF FINI¥NCII¥L ACTIVITIES
for the year ended 31sL DECEMBER 2023
INCOTr]E AND EXPENDITURE
2023
Unrestricted funds
2022
Total f unds
Notes
INCOléIE FROM
InvestTnents"
Dividends receivecl
Interest recÈivÈd
Rent received
Ground rent and fees received
Lease eXten￿rI0￿S
Compensation Erorn bank
Wayleave
Proceeds of old life policy
Recharge of accountancy and secretarial
costs to subsidiary
17,399
1.155
91,186
2,490
7,700
200
176
161
16,155
342
96,465
2.335
26.200
250
176
920
910
121. 387
142,833
Charitable ActLVlties
Sale 0£ scrap
Sale of artef acts
Sale 0£ books
Sale of logs, tree anol planings
Profit on sale of heritage assets
Exhibit income: attendance at event8
Site visits by enthusiast groups
Narrow gauge railway takings
Miniature railway takings
steam experience day donations
steatn apprentice day donations
Compensation for datnage to gate
Cash donations received
Heritage assets donated to truBt at
estimated market value
Donation front subsidiary company
1, 137
iio
780
650
1,144
200
io
50
1,168
loo
1,617
2,019
165
622
1,260
200
2.221
3,866
500
228
387
14,100
9,267
5,002
14,534
32,269
TOTAL INCOME
135.921
L75,102
EXPENDITURE ON
Direct charitable expenditure
Governance costs
Raising Eunds
85,351
1,474
47,523
71,470
1,337
25,293
TOTAL EXPENDITURE
1134.3481
198, 1001
NET INCOME BEFORE OTHER GAINS AND LOSSES
1,573
77,002
Net gains/ I losses l on investment assets
60.566
148,6431
NET fdlOVEMENT IN FUNDS
Total funds at 1st January 2023
62,139
7,013.669
28,359
6,985,310
Total funds at 31st December 2023
£7,075,808
£7,013,669
The notes on pages 12 to 19 fortn part of these financial ￿tate￿￿entS

li
Company number 4 62 U48 1
THE CLAUDE JESSETT TRUST COMPANY
BALANCE SHBET as at 21st DECEfoBER 2023
2023
2022
Notes
FIXED ASSETS .
Tangible asset$
Herxtage as5et-
Invest¥nent5
1,333,419
1.796.693
3,399,386
1.331.484
1,763, 926
3,330.083
6,529,498
6.425.493
CURRENT ASSETS
stock
Debtors
Cash at bank and in hand
7,203
21.159
535,324
10.009
20,788
571, 940
563, 686
602, 737
CREDITORS- amount5 f alling
due within one year
117,3761
114,5611
NET cfJRRENT ASSETS
546,310
588. 176
NET ASSETS
£7,075,808
£7,013,669
CHARITY FUNDS
Unrestricted Funds
13
£7,075,808
£7.013.669
The trustees consider that the cotnpany is entitled to exemption from the re￿￿￿reMent
to have an audit under the provisions of secLion 477 of the Companiek> Act 2006 {' the
Act, l and rnembers have not required the cotnpany to obtain an audit for the year in
question in accordance with section 476 of the Act.
The trustees acknowledge their responsibilities f or complying with the requirements
OE The Cotnpanies Act 2006 with respect to accourLting records and the preparation of
f inancial statements .
The f inancial statements have been prepared..wn accordauce with the special provision
applicable to companies subject to the sma_
companies, regiTne of the CoTnpanies Act
2006.
The financial statements on pages 10 to 19 were approved by the trustees on 25th
September 2024
and signed on thelr behalf by:
PETER HAINING
rru5tee

12
THE CLFLUDE JESSETT TRUST COMPANY
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31st DECEMBER 2023
ACCOUNTING POLICIES
Accounting Convention
Tho financlal
statements
have been
prepared under the
historical
cost .
convention with items recognised at cost or transaction value unless otherwise
stated the relevant notes to these accounts. The financial statements have
been prepared in accordance with the Statement of Recortwiended Practice:
Accounting and Reporting by Charities preparing their accounts in accor(lance
with the FinanciaL Reportlrtg Standard applicable in the tJK and Republic of
Ireland IFRS1021 I￿￿￿ed on 16th July 2014 and Charities Act 2011.
The financial statements irtclude all transactions, assets and liabilities for
which the Lrustees are responsible in law.
The company has not produced consolidated accounts on the grounds that it
qualifies for exemption aB a small company and the re.%ults of the subsidiary
are not material to the group.
Fund Accounting
General Funds are unrestricted funds which are available for use at the
discretion of tlje tru￿￿tee8 in furtherance of the general objectives of the
charity and which hav& not been designated for other purposes. Inve￿￿rnent
incom&, gains and losses are allocated to the appropriate fund.
Income
All inCOTne is recognised once the charity has entLtlement to the income. it is
probable that the resource8 will be received and the amount of income can be
measured.
IncoThe tax recoverable in relation to investfftent illCOTne and Gift kid donations
15 recognised at the time the income is recognised.
Expenditure
Expenditure is recognised once there a legal or constructive obligation to
make payment to a third partyi It 15 probable that 5ettlernent will be required
and the amount of the obligatlon can be measured reLiably.
AIL expenditure 14> accounted for on an accruals basis. All expenses including
support costs and governance costs are allocated to the applicable expenditure
headings .
Governance costs are those incurred in connection with the administration of
the charity and compliance with the constitutional and statutory requirernents.
Irrecoverable VAT is charged against the expenditure heading for which it was
incurred.

13
THE cfAUDE JESSETT TRUST COMFANY
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31st DECEMB8R 2023 Icontinuedl
Grants
Grants are accounted under the accruals model as permitted by FRS102. Grants
relating to expenditure on tangible fixed assets are credited to profit or IoE>s
at the saTRe rate as the depreciation on the akn¥sets to which r)Je grant relates.
The de£erred element of grants is inclucled as deferred income. Grants of a
revenue nature are recognised in the Statement of Financial Activites in the
same period as the related expenditure.
Investments
Quoted investtnent5 are a form of basic financial instrument and are intially
recognised at their transaction value and 5ub5e(TJently measured at their fair
value as at the balance sheet date using the closing quoted market price. The
statement of YinanciaL Activities includes the net gains and losses arising on
revaluation and disposals throughout the year.
Inve5ttnent properties are stated at their open market value at trhe balance
sheet date including any adjustment5 for inYprovemeoL or impairtnent in vaLue.
Interest Receivable
Lnterest on funds held on deposit is xncluded when receivable and the arnount
can be Tneasured relxably by the charity,. this is normally upon notification of
the interest paid or payabLe by the bank.
angible Fixed Assets
The tangxble fixed assets are stated at Cost or valuatxon at the date of
receipt by the company. No depreciation is provided on the land and buildings
at Bracherlancls Farm. Hadlow J)own, since the cotnpany policy is to maintain
buildings so as to extend their anticipated useful lifÈ ouch that any
depreciation charge would be immaterial. Likewise no depreciation is provided
on the heritage assets in the collection since it is the purpose of the company
to tnaintain tkLOS& items so as to ensure their anticipated useful life is
indef ￿Th￿te.
Any depreciation charge on these
items
would theref ore be
imTnaceriaL. In order to comply with the requirements of Financial Reporting
standard No 15, an iTnpairtnent review is carried out at the end of each
accounting period in accordance with the requiretnents of Financial Reporting
Standard No 11 on all iteTn5 which are not being depreclated.
Depreciation of other tangible f ixed assets is provided at rates calculated to
write off their cost or valuation less any residual value over their estimated
useful lives. The rate¥ u8ed are as follows..
Bquipment
25* per annum on the reducing balance basis.
stock
stock is valued at the lower of cost and net realisable value.
Debtors
Trade and other debtorB are recognisea at the 5ettlerNent amount af ter any trade
discount of fered. Prepayments are valued at the amount prepaid net of any trade
discounts due.
Cash at Bank
Cash at bank includes cash and short terrn highly liquid inve5tTnents with a
short maturity of three months or les5 from the date of acquisition or opening
of the deposit of a sirnilar amount.

14
THE CLAUDE JESSETf TRUST COMPANY
NOTES TO THE FINANCIAL STATEM8NTS
for the year ended 31st DECEMBER 2023 Icontinuedl
Creditors and Provisions
CreditorB and provsiotts are recognised where the charity has a Pre￿￿ent
obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation
can be weasured or estimated reliably. Creditors and provisions are nornally
recognised at their settlement all￿U￿t net of any trade discounts due.
Financial Instruments
The charity only has financial assets and liabilities of a kind which qualify
as basic financial instrurnents. Basic financial instrumernts are initially
rÈcognisea at trarLsaction value and subsequently tneasured at their settLeThent
value.
DIRECT CHARITABLE EXPENDITURE
2023
2Q22
Site maintenance
Exhibit maintenance
CoaL for steam exhibits
Site utilities
24.886
19.982
2.051
10,956
5,834
9,936
5.964
117
472
247
180
168
16.401
15,867
644
8,479
5,182
8,573
5.904
112
3,444
so
164
94
50
217
156
792
1.209
238
Insurance
Accountancy and secretarial
Subscriptions
Freight
Travel and subsistence
Entertaining
stationery and postage
steaTn apprentice day Èxpenses
Volunteer day expenses
Waste disposaL
Computer expenses
Website, internet and publicity
Bank charges
Compensation paid to rectify damage
Depreciation
Sundry expenses
L57
712
130
264
861
2,434
878
2,971
15
£85,351
£71. 470
COST OF PAISING FUNDS
Investment property management expense3
Investment property expenses
Legal fees re investment propertie5
Listed investments rnanagement f ees
8,030
28,341
1,335
9,817
8,090
6,821
10,382
£47.523
£25, 293

15
THE CLAUDE JESSETT TRUST COMPANY
NOTES TO THE FINAPICI2¥L STATEMENTS
for the year ended 31st DECEMBER 2023 Icontinuedl
GOVERNATrICE COSTS
2023
2022
Independent examiner, s f ee
Companies House fee
Intormation Commisioner, s f ee
1,394
1.257Ifr'
40
El,474
£1,337
ANALYSIS OF RESOURCES EXPENDED BY EXPENDITtJRE TYPE
Expenditure on investment management
47,523
25,293
47,523
25,293
Costts of generating funds-
Exp&nditure on charitable activities
Expenditure on governance
85,351
1,474
71.470
1,337
£134.348
£98, 100
TRANSACTIONS WITH TRUSTEES
No trustees received any benefits in kind 12022.. £Nill
5 trustees received rein￿UrsetTrellt of Trust expense5 paid personally totalling
f56,087 12022= 6 tr￿Stee5, £51,533)
The Kings Mill Practice of which Mr P Haining, a trustee, is the principal wa
paid £5, 694 for accounting and secretarial servieas 12022.. f5, 9041
Invatek Cornputer Services Limited, a company of which Mr P J Greinxgi
trustee, is a director, was paid £2, 073 for provision of communication services
and computer Support serrfices. 12022- £7921
Mr B J Floyd. a trustee, was paid £3, 977 for specialist engineering services
12022.. £4. 6851

16
THE CLAUDE JESSETT TrUST COMPANY
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31st DECEMBER 2023 Icontinuedl
TANGIBLE ASSETS
Land &
buildings Equiprnent
Total
Covt or valuation:
At 1st January 2023
Additions
Disposals
1,322,441
3,675
89.943 1,412.384
694
4,369
At 31st December 2023
1.326.116
90,637 1,416,753
Accumulated depreciation:
t 1st January 2023
Charge f or the year
Eliminated on disposals
80,900
2,434
80,900
2,434
At 31st DeceTnber 2023
83.334
83.334
Net book value..
At 31st Decenkner 2023
£1,326,116
£7,303 £L,333,419
At 31st December 2022
£1,322,441
£9,043 £1.331.484
The land and buildings are Éreehold property cornprising Bracherland5 Fartn,
Hadlow Down. East Sussex. The property was valued at £650, 000 by the lnI•￿teeS
in April 2004 on the basis of its operL Tnarket value. The balance of the cost
or valuation represents capital irnprovements undertaken since that date.
There were no capital commitments at 31st Decernber 2022 or 31st Decernber 2023.

17
THE CLAUDE JESSEW TRUST COMpAir
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 315t DECEMBER 2023 Icontinuedl
HERITAGE ASSETS
Archive Heritage
material
assets
Total
Cost or valuation:
At 1st January 2023
Additions
Disposals
1,248 1,762,678 1,763,926
32,767
32,767
At 31st December 2023
1,248 1,795,445 1,796,693
ccumuLated depreciat&on:
At 1st January 2023
Charge f or the year
Eliminated on disposals
At 31st December 2023
Net book value".
At 31st December 2023
£1,248 £1,795,445 £1,796,693
At 31st Decenther 2022
£1,248 £1,762,678 £1,763,926
The heritage assets were valued by the trustees in April 2004 on the basis of
their open market value.

18
THE CLAUDE JESSETT TRUST COMPANY
NOTES TO THE FINANCI2¥L STATEMENTS
for the year ended 31st DECEMBER 2023 Icontinuedl
INVESTMENTS
Inve￿￿t￿ellt
in
Investment
Listecl
subsidiary properties investrnent
Total
Cost or valuation:
1st January 2023
AdditlOll5
Increasel Idecreasel in market value
ecognised in accounts
151 2,525,000
804,932 3.330.085
69,303
69,303
At 31st DeceThber 2023
151 2,525,000
874,235 3,399,386
Provision for diminution in value:
At 1st January 2023
Eliminated in year
t 31st Dece￿Lber 2023
Net book value
At 31st Decernber 2023
£151 £2, 525. 000
£874,235 £3,399,386
At 31st December 2022
£151 f2,440,000
£804.932 £3,330,083
The investment properties were valued by the trustees on 31st DeCeT[￿er 2023 on
Lhe basis of their open market values.
The investment in subsidiary comprises an investment in the whole of the issued
share capital of Tinkers Park Lxmxted, a company which was incorporated on 25th
November 2003 .
The company commenced trading during 2005 when it took over the
running of The Tinkers Park Rally.
At 31st December 2023 the net liabilities OE the company amounted to £3,237
comprising share capxtal of £2 and accumulated losses of £3, 239. Income during
the year aTnounted to £58, 709 and expenditure to £58, 709 with a corporation tax
liabilty ari&P¥ing of fNil.
Investments at market value comprise:
ux
Overseas
2021
2020
istÈd investments
Investrnernt properties
XDvestTnent in subsidtary
495,866
2,525,000
151
378,369
874,235
804. 932
2,525,000 2,525,000
151
151
£3,021.017
£378,369 £3,399,386 E3,330,083

19
THE CLAUDE JESSETT TRUST COMPAI
NOTES TO THE FINANC12¥L STATEMENTS
for the year ended 31st DECEMBER 2023 Icontinuedl
2023
2022
STOCK
. 7, 2 03
Goods f or resale
£7,203
£10, 009
ii.
DEBTORS
Amount due from subsidiary undertaking
other debtors
Prepayments and accruea income
15,895
1,137
4,127
16,804
3,984
£21. 159
£20, 788
12.
CREDITORS: amounts falling due within one year
other credltors and accruals
£17,376
£14. 561
13.
STATEMEtrr OF FUNDS
Summary of £unds (all unrestricted)
Brought
f or￿ard
Gains/
I Ios5esl
Carried
f orward
IncoTheExpenditure
General Funds
7,013,669
135, 521
1134,3481
60,566 7.075,808
14.
VERAGE NUMBER OF EMPLOYEES
The average Jutther of eTrFloyees was nil 12022= nil)