REGISTERED COMPANY ￿L.,mBER." 05241SOI (England and Wales) REGISTF.RED CIIARATY NL'MBER: 1120792 Report of the Trustees and Unaudited Financial Statements for the Ye8r Ended 30 March 2025 for Croome Herltllge Tru$t (A eompAny Ilmlted by gu#rAnlee) Croome Heritage Trust Contents of the Financial Statements for the Year Ended 30 March 2025 Page Report of the Trustees Independent ExHmin¢r's Report Statement of Flnaneial Aetivities Balance Sheet Notes to the Tr'inanclal Statements Detailed St8tement of Tr inllnclAI Activities 12 Croome Heritage Trust Report of the Trustees for the Year Ended 30 March 2025 The trustees present their roport together with tlic fiiiai)¢ial statements of the charity fur thc ycar ended 30 March ?0?5. Th¢ financial slatenients havc bc¢n prepared in acLordaiice with the accounting pol icies get OLbt in thc notes and comply with the current statutory requiremenls, the charity's governiiig> doeuinent, and Accounting? and Reporting by Cliarities: Statemenl of ReLuminended Practice applicablc to charities preparino Ilieir financial slaleinenls in accordance with the rinancial Reporting Siaiidard applicable in tlic UK and Republic ol. I reland (FRS 1021. OBJEC.TIVLS AIYD ACTIVITIES Objeetlves and aims To ¢onserve prcserve and educate the public on the historical significancc of the Earls of Covei)try. Croome. the landed estat¢5. the heritage chattels and th¢ archives of the F.arls of Coventry.. To conserve the historic property of the Earls of Coventry as a h¢rit8g¢ centre for the Charity in perpetuity. To help childreii who are bereaved or who suffer from nieiital or physical disabililies. Significant aetlvities During the ycar, the charify wa5 involved in publicisins bvth booklcis and autl)oritative commissioned books about Crvorne and the Coventry family in order to educate the public in a¥¢ordanc¢ with ilie objectives and aims stated above. Public benefit 'I'he Irusices c()iifirm that thcy have rcfcrred to the gyuidaiice Lonlained in the Charity Coinniission's general Lyuidance on public benefit when reviewing thc 'l'ru.8t's aims and objeclives. ACIIIEVF.MF,NT AND PERFORMANC.E I'hRritxble activities The I'rust¢cs liave coiiliiiued aclivcly l() siipport th¢ ¢uri'ent a¢liviliv¥ ()f the National Trust al Croome Court a8 well a8 exploringT willi varioLlS acadcinics the relationship L)t' Ihe (Ith ￿ar1 c>f ("i)ventry dli(I 'C'ai)ability" f4rown and the effect of thai palronagTC on the re-sli#pin&> uf ihe land5capc uf thc gTreat houses of ￿nb)land. Additioiial work has bcen carried out on the it)iegraiioi)linterprelation of thc Covcnlry Archive as it will affect ihe N.ational 1'rusllL roome I leritagL 'I'rust's plans for C.rooiM¢. Prospects for the preservalion ot. the Cnventry famil), history al ('roome over more than 400 years arc ¢x¢ell¢nt. and currLntly getting incre(iscd interest froiii ('.roomc'8 vi8itorq. and we are liopelul Iliat iii tillic thc placc lias a good chalice to becomc onc of the National TrLi$t's premier siles. Investment perform&nee The triistces havc invcst¢d in assets iii order lo derive a reasonable level of inLonie to fund thc trust's chAritablc activitics in the future. The trustees are coii fidciit that investment Bains will be acliieved in the niedium terni. FI.NAIYCIAL REVIEW Inancial revl¢w Income from donations and legaLies for the year endcd 30th MarLh ?0?5 was £19.545 1?0?4: £5,358,335 of which £5,331.515 was chattels donatcd and now included in Heritage assets) and expenditure wa8 £60,406 1?0?4.' £66.7701. There were gains of £15.?75 1?0?4'. gains £1 l 0,1151 on the 'l'rust's listed investments and nct income for the year was £10,300 (20?4.' £5,439.0851. Total unreslricted funds at Ilie year end were £9:886.?79 1•094: £9.875.979) iiicluding heritage assets of £8.740,910190?4.' £8.740.9101. Reserves poli¢y Surplus funds are used to provide soine cover aTrainst risk. and to provide a sink'ing fund to meet future expenditure. STRI'.CTURE, GOVERNANCE AND MANAGEMENT Governing document Thc charity is cor)trolled by its (yoverning dociimenl, a deed of irust. and constitules a limited company. limited by guarantee. as defined by the Coinpanies Act ?006. Page I Croome Heritage Trust Report of the Trustees tor the Year Ended 30 ,March 2025 STRL'C"I'LRE, GOVERYANCE AJD MANAGEMENT Refruitment And appointment of new trustees The .1 rust is admiiiistcrcd by a Board of-l-rustccs. Trustees are appointed by thc Board. Careful consideralion is given to the qualities requircd for additional trustees. Thcrc is no sel tenure of officc. New Board membcrs are provided with a pack of iiifoniiation containing details of the constitulioi) of the Trust, financial statements. minules of reLenl meelings and papers dealing with currcnt is.sues. which can then be discussed with othcr Board members. Tru51ees meet ai least twice each year. Organisational structure The Trustees ill¢et on a re(Fular basis and conduct the business of the Trust at thcir meetings: bdween meetings matters neediiig urgenl attention are brought lo the Chair of the Board of Trustees for discussion with other Iruslees. Induction and training of new ¢rustees Thc cxisting trusle¢s are responsible for th¢ induclioii of aiiy iiew trustee. This involves awareness of a Irustee's rcsponsibililics. the trust deed aiid the history of'the charity. Risk management Thc tr1151ees review ihe majvr riskb to wliich the 'l'ru81 1% ¢xpuscd on a regular ba8is. The Truqlees believe that there is salisfaLtoiy systeni ot internal coiili'ols. whicli are also reviewed un a rcg>ular basis. PIAns fur fulure periods 'I'h¢ Triistecs regvularly rcview the adivities of tlie charity and a¥yree future priorities. Fiiture plans include continuing lo streiigyihcn ihe b()drd with ncw 'l'rustCLS. and formingF varioiis gvroLlPS to look ilt projects lo be developLd over tlie nexl l ? months. ThL I'ruslees continue to work with the National Trust on projects of Common intcrest in Croomc Court and its grouiid5. ERENCTr. AND ADMI)IS'I'RATIVL DLI'AILS Registered Company number 05?41501 l Lngland aiid WalLS) Registered ChArlty number 11 ?079? Registered office ?? Mouiit Fphraim Eioad Tunbridgc Wclls Kent TN'4 8AS 'rrustees PJMS¢ott J B Henderson l-hc E6irl of Coventry J Tovey S J A Iloare D D S Coventry C F, Gordon S E Lcccli B A Shipston C P N Cronin lappoinled ?? May ?0?4) Compnny Secretary PJMScott Ind¢penden¢ Lxaminer Tiiiiothy N. Horne ACA Timothy N. Horne Ltd Chartered Accountants Suitc ?15B Westerfield Busiiicss Cenire ain Road Westerfield Ipswich IP6 9AB Croome Heritage Trus¢ Report of the I'rustees for the Year Ended 30 March 2025 Statement of Trustees, re5POn5ibilities The Tr115tccs I wlio are also the directors of the Company for the purposes of conipany law} aTe respoiisible for preparing the Tru5tees' report and the financial stateinenls in accordance with applicablc law and ljnited Kiiigdom Accounting Standards l United Kin¥dom Generally Acccptcd Accounling Practice). Company law requires th¢ -I"rustcc8 to prepare financial stat¢mcnt5 for cach financial year. Under coinpany law. the Triislccs must iiol approve th¢ financial statemenls unless they iirc satisfied that they give a true and fair view of ihe slate of affairs of the Conipany atkd of its incoining resources and application of rcsources. including ils income and expenditure. for that period. In preparints these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consist¢ntly: observe the methods and principles of the c.harities SORP I b RS I O?): make judgmciits and accounting estilTJates that al'e reasoiiable and prudent: statc whether appli¢abl¢ UK Accounting Standdrds IPRS IU?) have bcen followed. subject lo any Inaterial dcparlures dibclosed and explaiiied iii the finan¥ial 51al¢inLnts; prepare Ilie financial siatemenls on the going GunGLrn bilsis unless it is inappropriate to presume that ihe Coinpany will conlinuc li) busincss. 'I'h¢ 'l'ruslees are rcsponsible lor kccping adequate acL()unling? rccords that are %Lifficient to show and cxplaiii Ihc Lompany's transactions and disclose with reasonablc aLLui'aLy at any time the finai)cial posilioii of the (-.ompany and enablc them lo ensure (hai Ihe findncial stalenienls c<)Inply with thc Coi)Ipai)ies Acl 9006. TIILY ¢ir¢ also rcsponsiblc for safcgyuarding Ilic assets of the Company and hence for taking reasonable Step8 for ihc prcvcnlion and dctcction of fraud and other irregulariti¢s. This report has been prepared in aicordancc with Ihc speLial provisioiis ot. Part 15 of Ilie Coinpaiiies Aci 9006 relating to sinall coinpaiiies. Approved by order of the l)oard of trustees on 14 ?0?5 and sibyiicd on its behalf by.. S J A Hnare- Trustee Page 3 Independent Examiner's Report to the Trustees of Croome Heritage Trust report to the Charity trustees on my examination of the financial statements of the Company for the year ended 30 March ?0?5. Responsibllitie5 and b&sis of report As Ihe charity's Irustees of. the Compaiiy (and 11.8 directors for the purposes of company lawl you are responsible for the preparation of the finan¢iul stat¢iMcnts in accordance with tlic rcquirements of the Companies Act 20061'the 2006 Act'l. Having salisfied m>'Ylf that the tinanci%l statement8 of the C.oinpa]iy arc not Tequired lo be audited under Part 16 of the 2006 Act and are eligible lor indep¢ndent exainination, I report in rcspect of my examination of your charity's financial statements as Larried out under Section 145 of the Charities Act •OI I I'the 901 l Act'l. In earrying out my examination I have followed Ihe Directions given by the Charity Commission under ScLtion 145{51 Ibl of the ?0 I l Acl. Independent exxminer's st#tement I have completed my examination. I confirm that no matters have come to my attention in connection with the examinaiion givin¥ me cause lo bclicve- accounting records were not kept in respect of the Coinpany as required by Section 386 of th¢ 2006 Act: or th¢ financial slatLmciits do nol ¢i¢cord with thasL records. or Ihe fiiiancial slatemenls do nut coinply with the accountingJ requirements of Section 396 of the 1006 Act oiher ihan any rcqLiirem¢nl that thc finaiicial stalenienls gyivc a true and fair view whicli is iiol a malter considcred as part uf an ind¢pendent examination; or the finanLidl stateiiienls liave not been prepared iii accordance with tho methods and principl¢s of the Statement of RecommLnded Practi¢¢ f(Jr accolinling and reporlinb, b), Charities (applicable to charities prcparing th¢ir finanLial sialLmL'nts in accordance with Ihc financial Reportingi Standard ¢ipplicable in the UK and Republic ot. Ireland l FR 10?)). I hav¢ no concerns and have come across no other malters in conn¢¢lion with Ihc examination io which altention should be drÉiwn in this report in order lo cnablc a proper undLrslanding of the financial statemen18 to be reached, 'I'his repon is made snlely to thL Chariry's 'l'ru8iccs. as a bodv. in a¢cordance with Part 4 of ihe Charities IAccoLints and Reports) Rc&yulations 1008. My work has been undertakcn so Ihal I mi&yht siaie t() tli¢ C.harity's Trustees those mattLrs I ani required io stale lo them in ¢in Independeni Exainincr's Report and for no other purpos¢. To Ihe tullcsl extcnt permilled by l