THE CLAUDE JESSETT TRUST COMPANY
REPORT OF THE TRUSTEES
JIND FINANCIAL STATEMENTS
for the year ended
31st DECEMBER 2024
Charity Commission -
0 6 JAN 2026
Received
CoTrrpany Number 04620481
Reglstered Charity Number 1107337

THE CLAUDE JESSETf TRUST COMPANY
CoNTE￿rS OF THE FINANCIAL STATEMENTS
Contents
Page
Reference and adrninistrative details of the charity,
its trustees and advisers
Report of the Trnstees
Statement of Trustees, Responsibilities
Independent Examiner, s Report
statement of Financial Activities
io
Balance Sheet
li
Notes to the Financial Staternents
12
19

THE CLAUDE JESSETT TRUST COMP14NY
REFEREIfjCE AFUD ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
f or the year ended
31st DECEMBER 2024
Company number
04620481
Charity number
1107337
Trustees
Z TDaly
B J Floyd
P J Greinig
P Haining
J J Hatf 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 OTK.
Bankers
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.
Independent
Examiner

THE CLATJDE JESSE￿ TRUST COMPANY
REPORT OF THE TRUSTEES
for the year ended ended 31st DECEMBER 2024
The trustees (who are also directors of the charity for the purposes of the Companies
Act} present their annual report together with the financial statements of The Claude
Jessett Trust Company (the company) for the year ended 31st December 2024.
trustees confinn that the Annual Report and Financial Statements of the charity
comply with the current statutory requireTnents of the charity's governing document
and the provisions of the Staternent of Recommended Practice ISORPI applicable to
charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Ireland IFRS102) (effective January 20151.
OBJECTIVES AND ACTIVITIES
Policies and Objectives
In setting objectives and planning for activities. the trustees have given due
consideration to general guidance published by the Charity Commission relating
to public benefit and in particular to its supplementary public benefit
guidance as to deciding what activities the trust should undertake.
The rnain objectives of The Claude Jessett Trust Cornpany are the foundation and
maintenance by such means as are charitable of a public museum for the
exhibition of steam engines, fair organs and other historic vehicles and
mechanical equiprnent.
b)
The trust is principally engaged in the preservation and restoration of steam
engines, fair organs and other historic vehicles and mechanical equipment.
ACHIEVEMENTS AND PERFORMANCE
Review of Activities
Work on various heritage assets has proceeded. Work on the restoration 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 has had a major overhaul after many years of faithful service and
water darnage to the Mortier fair organ caused by a problem with the roof of the
organ Museum building has been rectified.
Following completion of the
restoration of the pre-war Fordson tractor, the Bren Gun carrier which has been
out of action for many years has been moved into the workshop for restoration
including the fitting of the correct type of engine.
Following receipt of the rebuilt boiler for Aveling & Porter steam roller
"Daisy"
work on reassembling the engine continues and it should he operational
in 2026. After two road accidents involving Trust steam vehicles in 2023,
Aveling & Porter steam tractor nsouthern Queen" has been back in operation in
2025 and the repair work on the Tasker roller is well advanced, so this too
should be operational in 2026.
The trustees are investigating the potential f or shared fwiding f o future major
building projects. Work has been almost completed on the renlovation of Lhe
railway engine shed and plans are in hand to renovate a further railway storage
shed.

THE CLAUDE JESSEIT TRUST COMPANY
REPORT OF THE TRUSTEES
for the year ended 31st DECEMBER 2024 (continued)
The trostees normally promote the trust at various external events and in
particular the annual display at the Festival of Transport at Hellingly at the
end of August has become a well established part of that event.
The Trust has
continued to hold internal events and to welcome enthusiast groups to look at
the collection.
In 2021 a foThwl system of section leader8 was put in place to co-ordinate
activity in their areas and to report to the trustees on a regular basis.
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InvestTnent Policy and Perf oThance
The Trust's investment properties are managed directly by the trustees and
continue to provide the appropriate return. The portf olio continues to generate
fees frorn lease extensions.
The Trust, s non-property portfolio is invested on a medium risk basis with an
independent investment management company which is regulated by the Financial
Services Authority to ensure that the Trust, s objectives can be met each year,
with any surplus being invested for the longer tem.
FIN21NCIAL REVIEW
Going concern
Af ter making appropriate enquiries, the trustees have a reasonable expectation
that the charity has adequate resources to continue in operational existence
for the foreseeable future. For this reason they continue to adopt the going
concern basis in preparing the f inancial stateTnents. Further details regarding
the adoption of the going concern basis can be found in the Accounting
Policies.
bl
ReserSTes Policy
The trustees have forecast the level of free reserves (that is those funds not
tied up in fixed assets, and designated as restricted funds) the charity will
require to sustain its operations. The trustees are pleased to note that there
are
sufficient free reserves to provide
f inancial f lexibility f or the
f oreseeable f uture.
The closing reserves at 31st Decen￿er 2024 amounted to £7,159,209 12023:
£7, 075,2091
Material Investments Policy
Following the death 0£ Mrs Jessett in April 2004, the trust received, apart
from the land and buildings at Hadlow Down. which were to be the basis for the
establishment and development of the museum,
a portfolio of investment
properties and a significant amount of cash. At the time of transfer from the
estate of Mrs Jessett to the Trust in 2005, these assets comprised property
with a valuation of £2.091m and cash of £1.319m.

THE CLAUDE JESSETT TRUST COMPANY
REPORT OF THE TRUSTEES
for the year ended 31st DECEMBER 2024 Icontinuedl
These assets are required to finance the development of the site which will
include the establishment of new buildings for the storage. restoration and
display of the heritage assets, and for related site inf rastructure development
including water, drainage and electricity. Planning pennission for several new
buildings on the site has been obtained. The assets are also required to
finance the restoration of the Trust's heritage assets and the purchase of
further heritage assets in accordance with the collection policy of the Trust.
Income frorn these assets is utilised in covering routine running costs of the
Trust but it is the capital which is the primary consideration to finance the
capital proj ects outlined above.
The trustees took the decision to n￿intain a balance between property and
financial investments in much the same proportion as the inherited position.
Mindful of the attitude of both Mr and Mrs Jessett to investments involving
risk, the decision was taken to retain the rnajority of the non-property funds
as cash on deposit but in view of the risk of erosion of capital in the mediurn
and long term if inflation exceeds interest received, to invest £500,000 in
investTnent trusts with a low to medium risk profile. The detailed investment
decisions for this sum were delegated to independent qualified financial
advisers.
The trustees also took the decision to purchase land f orroing part of Wilderness
Wood to the west of the site for £100, 000. This land is close to the location
of the new buildings and was seen by the trustees as an important step to
saf eguard the trust against future development ot Wilderness Wood which is not
planned by the current owners but which might result in residential development
close to the buildings with the risk of conwlaints about noise, etc.
After a protracted process with the Barclays bank compliance department who
were attempting to understand the workings of a company lirnited by guarantee,
process which resulted in the bank paying the Trust a total of £450 in
compensation, but which had resulted in a threat for many months of the bank
unilaterally f reezing the cornpany, s bank account and preventing it from being
able to continue, (a fate which the trustees know has been applied to other
SiTnilar entities by this bank) , the trustees took the decision to open accounts
with a second bank as a precaution against any future actions by a single bank.
Metro bank was selected and accounts have been opened in 2024.
STRUCTURE, GOVERNANCE 3IND MANAGEMENT
Constitution
The company was incorporated in December 2002 and is limited by guarantee. The
liability of Tnembers is limited to £10 per member.
bl
Method of Appointment or Election of Trustees
The number of trustees shall not be less than three.. there is no maxirnurn
number. The original trustees were the trustees of The Claude Jessett Trust.
Under the Articles of Association all trustees retire from office at the f irst
annual general meeting 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 subject to reappointment at the next annual
general meeting. Otherwise a resolution to appoint a new trustee must be
included in the notice of the annual general meeting and be voted on by the
members at the annual general meeting.

THE CLAUDE JESSETT TRUST COMPANY
REPORT OF THE TRUSTEES
for the year ended 31st DECEMBER 2024 Icontinuedl
Risk Management
The trustees are continuing to carry out a detailed review of the charity's
activities and are producing a comprehensive strategic plan setting out the
major opportunities available to the charity and the risks to which it is
exposed. The trustees meet quarterly and will monitor progress against the
strategic objectives at each rneeting and a comprehensive review of the plan
will be carried out annually. As part of the process, the trustees are
instigating a risk llWAagement strategy which comprises:
i)
An annual review of the risks which the charity may face;
2)
The establishrnent of systems and procedures to mitigate those risks identif led
in the plan; and
The irnplernentation of procedures designed to minimise any potential impact on
the charity should any of those risks materialise.
PLANS FOR FiTfuRE PERIODS
The trustees will continue to itnprove and develop the site of the museum
including the construction of new buildings permitted under the terms 0£ the
existing planning permissions, and continue to work to restore more of the
collection while maintaining rnaintenance on those iterns within the collection
currently in working order.
TRUSTEES, RESPONSIBILITIES
We acknowledge our responsibilities a8 trustees as set out on page 7.
SMALL COMPAIqY PROVISIONS
These f inancial statements have been prepared in accordance with the provisions
applicable to companies subject to the small companies. regime withinn Part 15
of the Companies Act 2006.
This report was approved by the Trustees on Its September 2025 and signed on their
behalf by
Trustee
www. tinkerspark. corn

THE CLADDE JESSErr TRUST COMPANY
STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE ACCOUNTS
for the year ended 31st DECEMBER 2024
The trustees are responsible for preparing the Trustees, Annual Report and the
f inancial stateTnents in accordance with applicable law and United Kingdom Accounting
Standards (United Kingdom Cenerally Accepted Accounting Practice} , including FRS 102
'The Financial Reporting Standard applicable in the United Kingdom and Republic of
Irelandl
The law applicable to charities in England and Wales requires trustees to prepare
f inancial staternents for each financial year which give a true and fair view of the
state of affairs of the charity and of the incoming resources and application of
resources of the charity for that period. In preparing these financial statements,
the trustees are rectuired to:
select suitable accounting policies and apply them consistently,.
observe the llLethods and principles in the Charities SORP;
ake judgements and estimates which are reasonable and prudent..
state whether applicable accounting standards have been followed, subject to
any material departures disclosed and explained in the f inancial statements,.
prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the charity will continue in operation.
bl
dl
The trustees are responsible for keeping suf ficient accounting records that disclose
with reasonable accuracy at any time the financial position of the charity and enable
thellt to ensure that the £inancial staternents cornply with the Charities Act 2011. the
Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed.
They are also responsible for safeguarding the assets of the charity and hence for
taking reasonable steps for the prevention of fraud and other irregularities
In so far as the trustees are aware:
there is no relevant audit information of which the company's independent
examiner is unaware," and
bl
the trustees have taken all steps they ought Lo have taken to make thernselves
aware of any relevant audit infortnation and to establish that the independent
exarniner is aware of that infonnation.

REPORT OF THE INDEPENDENT EXAMINER
TO THE TRUSTEES OF
THE CLAUDE JESSETT TRUST COMPANY
I report on the financial statements of the charitable cornpany for the year ended
31st Decenther 2024 as set out on pages 10 to 19.
This report is made solely to the charity's trustees, as a body, in accordance with
section 145 of the Charities Act 2011 and regulations made under section 154 of that
Act. My work has been undertaken so that I rnight state to the charity's trustees
those matters I arn required to state to them in this report and for no other purpose.
To the fullest extent permitted by law. I do not accept or assurne responsibility to
anyone other than the charity and the charity, s trustees as a bodyrf for my work, for
this report or for the opinions I have formed.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity, s trustees (who are also the directors of the company for the purposes
of company lawl, are responsible for the preparation of financial statements. The
trustees consider that an audit is not required for this year under section 144 (21
of the Charities Act 2011 Ithe '2011 Act, l and that an independent examination is
needed.
Having satisfied myself that the charity is not subject to audit under company law
and is eligible for independent examination, it is my responsibility."
to examine the financial staternents under section 145 of the 2011 Act,.
to follow the procedures laid down in the General Directions given by the Charity
ComTnission under section 145 (51 Ibl of the 2011 Act,. and
to state where particular rnatters have come to my attention.
BAS IS OF INDEPENDENT EXAMINER, S REPORT
My examination was carried out in accordance with the General Directions given by the
Charity Commission. An examination includes a review of the accounting records kept
by the charity and a comparison of the financial statements presented with those
records. It also includes consideration of any I￿￿suaL items or disclosures in the
financial statements and seeking explanation8 Erom you as trustees concerning any
such matters. The procedures undertaken do not provide all the evidence that would
be required in an audit, and consequently no opinion is given as to whether the
financial statements present a 'true and fair, view and the report is lirnited to
those matters set out in the statement below.
INDEPENDENT EXAMINER, S STATEMENT
In connection with rny exafflination, no matter has come to my attention:
which gives rne reasonable cause to believe that in any material respect the
requirements .
to keep accounting records in accordance with section 386 of the Companies
Act 2006;
to prepare f inancial statements which accord with the accounting records and
to corffply with the accounting requirenents of Lhe section 396 of the Cornpanies
Act 2006 and with rnethods and principles of the Statement of Recommended
Practice". Accounting and Reporting by Charities
have not been met" or

REPORT OF THE INDEPENDEwf EXAMINER
TO THE TRUSTEES OF
THE CLAE7DE JESSETT TRUST COMP34NY
I continued)
bl
to which. in my opinion, attention should be drawn in order to enable a proper
understanding of the financial statements to be reached.
Date: Ji
October 2025

io
THE CLAUDE JESSE￿ TRUST COMPAWY
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31st DECEMBER 2024
INCOME AND EXPENDITURE
2024
Unrestricted f unds
2023
Total funds
Notes
INCOME FROM
InvestTnents
Dividends received
Interest received
Rent received
Ground rent and fees received
Lease extensions
Compensation f rom bank
Wayleave
Proceeds of old life policy
Recharge of accountancy and secretarial
costs to subsidiary
18.690
5.177
103. 989
2,338
20,500
17,399
1, 155
91, 186
2,490
7,700
200
176
161
180
930
920
151, 804
121,387
Charitable Activities
Sale of scrap
Sale of artef acts
Sale of logs and oil
Net surplus on coal
Exhibit income: attendance at events
Site visits by enthusiast groups
Narrow gauge railway takings
Miniature railway takings
Compensation for damage to gate
Cash donations received
Recharged site expenses
Donation f rom subsidiary cornpany
1,137
iio
io
28
425
1,000
1,260
200
2,237
2,777
2,221
3,866
500
228
104
1,500
7,463
5,002
15.534
14,534
TOTAL INCOME
167,338
135, 921
EXPENDITURE ON
Direct charitable ejcpenditure
Governance costs
Raising funds
84,325
1, 702
45,745
85,351
1.474
47,523
TOTAL EXPENDITURE
1131, 7721
1134,3481
NET INCOME BEFORE OTHER GAINS AND IL)SSES
35,566
1,573
Net gains/ Ilossesl on investment assets
47.835
60,566
NET MOVEMENT IN FUNDS
Total funds at 1st January 2024
83,401
7,075,808
62,139
7,013,669
Total funds at 31st DeCeIt￿er 2024
£7,159,209
£7,075,808
The notes on pages 12 to 19 forn part of these financial statements

li
Company number 4620481
THE CL￿[1DE JESSETT TRUST COMPANY
BALANCE SHEET as at 31st DECEMBER 2024
2024
2023
Notes
FIXED ASSETS
Tangible assets
Heritage assets
Investments
1,339, 902
1,818,875
3.456,187
1, 333,419
1.796,693
3,399,386
6,614,964
6,529,498
CURREwf ASSETS
stock
Debtors
Cash at bank and in hand
io
15,359
25,307
552. 188
7,203
21,159
535, 324
li
592. 854
563, 686
CREDITORS: amounts f alling
due within one year
12
{48,6091
117,376)
NET CURRENT ASSETS
544, 245
546,310
NET ASSETS
£7,159,209
£7,075,808
CHARITI FUNDS
Unrestricted Funds
13
£7,159.209
£7,075,808
The trustees consider that the company is entitled to exernption f rorn the requirement
to have an audit under the provisions of section 477 of the Companies Act 2006 (' the
Act, l and members have not required the company 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
ot The Companies Act 2006 with respect to accounting records and the preparation of
f inancial statements.
The f inancial statements have been prepared in accordance with the special provisions
applicable to companies subject to the small companies, regirne of the Companies Act
2006.
The financial statements on pages 10 to 19 were approved by the trustees on Ic*
September 2025
and signed on their behalf by:
Trustee

12
THE CLAUDE JESSETT TRUST COMPANY
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31st DECEMBER 2024
ACCOUNTING POLICIES
Accounting Convention
The financial statements have been prepared under the historical
cost
convention with items recognised at cost or transaction value unless otherwise
stated in the relevant notes to these accounts. The financial statements have
been prepared in accordance with the Staternent of Recommended Practice:
Accounting and Reporting by Charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS1021 issued oll 16th July 2014 and charities Act 2011.
The financial statements include all transactions, assets and liabilities for
which the trustees are responsible in law.
The COTtpany has not produced consolidated accounts on the grounds that it
qualifies for exemption as a small cou￿anY and the results 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 the trustees in furtherance ot the general objectives of the
charity and which have not been designated for other purposes. Investment
income, gains and losses are allocated to the appropriate fund.
Income
All income is recognised once the charity has entitlement to the income, it is
probable that the resources will be received and the amount of income can be
measured.
Income tax recoverable in relation to investment income and Gift Aid donations
is recognised at the time the income is recognised.
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to
Tnake payment to a third party. it is probable that settlement will be required
and the amount of the obligation can be measured reliably.
All expenditure is accounted for on au 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 CLAUDE JESSETT TRUST COMPANY
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31st DECEMBER 2024 (eontinuedl
Grants
Grants are accounted under the accruals model as perrnitted by FRS102. Grants
relating to expenditure on tangible f ixed assets are credited to profit or loss
at the same rate as the depreciation on the assets to which the grant relates.
The deferred element of grants is included as deferred income. Grants of a
revenue nature are recognised in the Statement of Financial Activites in the
same period as the related expenditure.
Investrnents
Quoted investments are a forn of basic financial instrument and are intially
recognised at their transaction value and subsequently measured at their fair
value as at the balance sheet date using the closing quoted rnarket price. The
statement of Financial Activities includes the net gains and losses arising on
revaluation and disposals throughout the year.
Investment properties are stated at their open Tnarket value at the balance
sheet date including any adjustrnents for improvement or impairnent in value.
Interest Receivable
Interest on funds held on deposit is included when receivable and the arnount
can be rneasured reliably by the charity," this is norraally upon notif ication of
the interest paid or payable by the bank.
Tangible Fixed Assets
The tangible fixed assets are stated at cost or valuation at the date of
receipt by the company. No depreciation is provided on the land and buildings
at Bracherlands Fann, Hadlow Down, since the company policy is to maintain
buildings
so as to extend their anticipated useful life such that any
depreciation charge would be imrnaterial. Likewise no depreciation is provided
on the heritage assets in the collection since it is the purpose of the company
to maintain those items so as to ensure their anticipated useful life is
indef inite.
Any depreciation charge on these
items would therefore be
imrnaterial. In order to comply with the requirements of Financial Reporting
standard No 15,
impairnent review is carried out at the end of each
accounting period in accordance with the requireTnents of Financial Reporting
standard No 11 on all items which are not being depreciated.
Depreciation of other tangible f ixed assets is provided at rates calculated to
write of f their cost or valuation less any residual value over their estimated
useful lives. The rates used are as follows:
Equipment
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 debtors are recognised at the settlernent amount af ter any trade
discount of fered. Prepayments are valued at the arnount prepaid net of any trade
discounts due.
Cash at Bank
Cash at bank includes cash and short tern highly liwid investrnents with a
short maturity of three months or less frorn the date of acquisition or opening
of the deposit of a similar amount.

14
THE CLAUDE JESSETT TRUST COMPANY
NOTES TO THE FINAFICIAL STATEMELwrs
for the year ended 31st DECEMBER 2024 Icontinuedl
Creditors and Provisions
Creditors and provsions are recognised where the charity has a present
obligation resulting froTn 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 measured or estimated reliably. Creditors and provisions are nortnally
recognised at their settlement amount net of any trade discounts due.
Financial Instrurnents
The charity only has financial assets and liabilities of a kind which qualify
as basic financial instrurnents. Basic financial instruments are initially
recognised at transaction value and subsequently Measured at their settlernent
value.
DIRECT CILARITABLE EXPENDITURE
2024
2023
Site maintenance
Exhibit rnaintenance
Coal for steam exhibits
Site utilities
Rates
10,178
37,238
24,886
19,982
2,051
10,956
5,834
9,936
5,964
117
472
247
8,072
4,700
12,092
5,884
99
518
160
Insurance
Accountancy and secretarial
Subscriptions
Freight
Travel and subsistence
Entertaining
stationery and postage
Volunteer day expenses
Waste disposal
Computer expenses
Website, internet and publicity
Bank charges
Compensation paid to rectify dayllage
Depreciation
Sundry expenses
180
168
157
394
544
142
174
712
130
264
861
2,434
4,130
£84,325
£85, 351
COST OF RAISING FLfFIDS
Investment property management expenses
Investment property expenses
Legal fees re investment properties
Listed investrnents Tnanagement fees
9,422
25,588
8,030
28,341
1,335
9,817
10,735
£45, 745
£47, 523

15
THE CLAUDE JESSE￿ TRUST COMPANY
NOTES TO THE FINANCIAL STATEMEFrrs
for the year ended 31st DECEMBER 2024 Icontinuedl
GOVERNANCE COSTS
2024
2023
Independent examiner, s f ee
Cornpanies House fee
Inf ornation Commisioner, s fee
1, 600
62
1,394
£1,702
£1,474
ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE
Expenditure on investment nHnagement
45,745
47,523
45,745
47,523
Costs of generating funds:
Expenditure on charitable activities
EKpenditure on governance
84,325
1,702
85,351
1,474
£131, 772
£134,348
TRANSACTIONS WITH TRUSTEES
No trustees received any benefits in kind 12023: £Nill .
5 trustees received reimbursernent 0£ Trust expenses paid personally totalling
£55,924 12023: 6 trustees, £56,087)
The Kings Mill Practice of which Mr P Haining. a trustee, is the principal was
paid £5, 884 for accounting and secretarial services 12023: £5, 9641
Invatek Computer Services Limited, a company of which Mr P J Greinigi
trustee, is a director, was paid £1, 492 f or provision of communication serrfices
and computer support services. 12023: £2, 0731
Mr B J Floyd, a trustee, was paid £6,248 for specialist engineering services
12023: £3, 977)

16
THE c￿￿uDE JESSETT TRUST COMPANY
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31st DECEMBER 2024 Icontinuedl
TANGIBLE ASSETS
Land &
buildings Equipment
Total
Cost or valuation:
At 1st January 2024
Additions
Disposals
1. 326, 116
140
90,637 1,416,753
10,473
10,613
At 31st Decenther 2024
1, 326,256
101, 110 1, 427, 366
ccurnulated depreciation:
At 1st January 2024
Charge f or the year
Elirninated on disposals
83,334
4,130
83,334
4,130
At 31st December 2024
87,464
87,464
Net book value:
At 31st December 2024
£1,326,256
£13, 646 £1. 339, 902
At 315t Decenther 2023
£1, 326, 116
£7,303 £1,333.419
The land and buildings are freehold property comprising Bracherlands Farm,
Hadlow Down, East Sussex. The property was valued at £650, 000 by the trustees
in April 2004 on the basis of its open market value. The balance 0£ the cost
or valuation represents capital improvernents undertaken since that date.
There were no capital commitments at 31st December 2023 or 31st Decetrber 2024.

17
THE CLAUDE JESSETT TRUST COMPANY
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31st DECEMBER 2024 (continued)
HERITAGE ASSETS
Archive Heritage
material
assets
Total
Cost or valuation:
At 1st January 2024
Additions
Disposals
1,248 1, 795,445 1, 796, 693
22,182
22,182
At 31st Decenther 2024
1,248 1, 817.627 1, 818, 875
Accumulated depreciation:
At 1st January 2024
Charge f or the year
Eliminated on disposals
At 31st Deceniber 2024
Net book value:
At 31st December 2024
£1,248 £1, 817,627 £1,818, 875
At 31st December 2023
£1,248 £1,795.445 £1, 796, 693
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 FINANCIAL STATEMENTS
for the year ended 31st DECEMBER 2024 Icontinuedl
INVESTMENTS
Investment
in
Investment
Listed
subsidiary properties investment
Total
Cost or valuation:
At 1st January 2024
Additions
Increase/ Idecreasel in market value
recognised in accounts
151 2,525,000
874,235 3, 399, 386
130.0001
86,801
56,801
At 31st December 2024
151 2,495.000
961, 036 3, 456, 187
Provision for diminution in value:
At 1st January 2024
Eliminated in year
At 31st December 2024
Net book value
At 31st Decentser 2024
£151 £2,495, 000
£961, 036 £3,456, 187
At 31st Decernber 2023
£151 £2.525, 000
£874,235 £3,399, 386
The investment properties were valued by the trustees on 31st December 2024 on
the basis of their open market values.
The investment in subsidiary comprises an investment in the whole of the issued
share capital of Tinkers Park Lirnited, a company which was incorporated on 25th
Noventher 2003. The company comtnenced trading during 2005 when it took over the
running of The Tinkers Park Rally.
At 31st December 2024 the net liabilities of the company aEnounted to £3,237
comprising share capital of £2 and acCull￿1ated losses of £3, 239. Income during
the year amounted to £67, 927 and &xpenditure to £67, 927 with a cozporation tax
liabilty arising of £Nil.
Investrnents at market value comprise:
Overseas
2021
2020
Listed investments
Investment properties
Investment in subsidiary
462, 739
2.495,000
151
498,297
961,036
874,235
2,495.000 2,525,000
151
151
£2,957,890
£498, 297 £3.456, 187 £3.399, 386

19
THE CLAUDE JESSETT TRUST COMPANY
NOTES TO THE FINANCIAL STATEMENTS
Eor the year ended 31st DECEMBER 2024 Icontinuedl
2024
2023
io.
STOCK
Coal
Goods f or resale
14,399
960
7,203
£15,359
£7,203
ii.
DEB TORS
Arnount due frorn subsidiary undertaking
other debtors
Prepa￿nentS and accrued income
18,344
250
6.713
15,895
1,137
4,127
£25.307
£21, 159
12. CREDITORS: amounts falling due within one year
other creditors and accrnals
£48. 609
£17,376
13.
STATEMENT OF FUNDS
Summary of funds (all unrestricted)
Brought
forward
Gains/
Ilossesl
Carried
f orward
IncomeExpenditure
General Ftlnds
7,075,808
167, 338
1131.7721
47,835 7, 159.209
14. AVERAGE NiIMBER OF EMPLOYEES
The average number of ernployees was nil 12023.. nil)