Company registration number. 06005336 Charity registration number. 1120815 Delapre Abbey Preservation Trust Consolidated Charity Annual Report Financial Statements for the Year Ended 30 March 2024 Cheney & Co 31 O Wellingborou8h Road Northampton Northampronshire NNI 4EP Delapre Abbey Preservation Trust Contents Reference and Adminiscrauve Detsils Strategic Repor Truscees, Report 3to 10 Independent Auditors, Report Consolidated Statement of Firrancial Acriviries 16to 17 Parent Statement of Financial Accivicies 18to 19 Consolidated Balance Sheet 20 Parent Balance Sheet Consolidated Statement of Cash Flows 22 Notes to the Financial Statements 23to 39 Delapre Abbey Preservation Trust Reference and Administrative Details Chief Executive Officer & Company Secretary RJ Clinton Charity Registration Number 1120815 Company Registration Number 06005336 The charity is incorp¢)rated in England and Wales. Registsred Office Abbey Cowe Delapre Abbey London Road Northampton Northamptonshire NN4 8AW Auditor Cheney & Co 31 O Wellingborough Road Northampton Northamptonshire NNI 4EP Delapre Abbey Preservation Trust Strategic Report for the Year Ended 30 March 2024 The trustees. who are dirertors for the purposes of company law, present their strategic report for the year ended 30 March 2024, in compltance with s414C of the Companies Att 2006. The scrategic reprt was approved by the trustees of the charity on 2 December 2024 and signed on its behalf br. S R Edmond Trustee Page 2 Delapre Abbey Preservation Trust Trustees. Report The trus￿$, who are directors for the purposes of company law, present the annual repor¢ together with the financial STatements and auditors, report of the charitable company for the year ended 30 March 2024. Objethes and artivities Public benefft The trustees confirm that they have complied with the requirements of seccion 17 of the Charities Acc 201 I to have due regard to the public benef￿ guidance published by the Chariq Commission for England and Wales. Qbjertives and Aims The charity's aims are". The Charity's Objects are ro conseTh< P￿er1< protect andlor enhance. for the benefit of the people of Northampton and the nation gene￿[y. the surrounding and adjacent geographical areas, the historical. archaeolo8ical. architetturdl. culturai andlor environmental herioge in the building5 and the wider estate consututing Delapré Abbey (together with any other neighbouring or related SI￿ in or around Northamptonshire which support or a￿ in any related to Delapré Abbey) as may from rime to time be the subject of leases. licences and tsnancies. and to safeguard and maintain Ddapré Abbey for future generntion& together with the collection and holding of artefacts and historical objects at such sites. The Trust has defined irs scrntegic objectives as fdlows: Preserve: We preserve heritage lor future generntion& offwing a connecvon to pl￿. Promote: We promote The Park and Abbey. creating a sense of pride in Northampton. Connects We connett our communities to natur& heritage. and culwre. and communicate the benefits. SupporL. We support people's wellbetng through our spaces and programmes. Leadership: We lead our sector locally. providing a platforni for heritage. The Trust's priorities are: To improve ac¢e5S to heritsge and culujre for ati. To connecc people with heritage and nature to support greater wellbein& To develop a sust&nable TrusL Delapre Abbey Preservation Trust Trustees. Report Overview The year 2023124 marks six years since the opening of Delapré Abbey co the public. This year. we welcomed over 400.000 people to the Abbey and its surrounding grounds. During this period, the Trust expanded its reach and grew its impatt through it5 charitable acciviue> Despite the challenwng environment caused by a cost of living and &ving crisi& compounded by inflationary and utility cost pressures, the Trusr continued to deliver on ics obj.ectives. It further developed its audienc< improved the diversity of its users. and continued to preserve and promote the herirage of the site. AddÉ(ionally. the Trust grew its organisation through Incr￿Sed trading attivities. The Trust continues to invesc in efforts to unlock the full ptxentiaj of the Delapré Abbey site through the A Stsble Future Projett This projecc will enable the Trust to widen its reach and increase its impacL while welcoming new communities to enDge with the sitr and its programmes of enp8ement and wellbeing. The Trustees wish to thank the sraff and volunteer team for their efforts in delivering the Trust's engagement and events programme, growing the organisation, and developing plans for a sustainable future. The Trustees also extend their aPP￿la￿On to all funders and stakeholders who have supported the Trust's work this year and beyond. Achievements and Performance Community Engagement We continue co engage with our hyper-local communities. During this period we enzaged with over 4.000 individuals as part of the A Stable Future projecL During the Development phase, the Charity undertook extensive consulooon activities involving staff. Volunteers. and various local srakeholder5. These activities were designed to complement eaT4ier consultations from Spring and Summer 2023 and were integral to the development of our redevelopmenc plans. Key engagement efforts included: Workshops and discussions with community groups. such as the West Northamptonshire Youth Forum. Information stalls and feedback sessions ac both on-site and community events {e.g., over the Easter weekend). One-to-one consuluvon calls with key partners and stskeholders. Online workshops and surveys targeced at the general public. volunteers and Staff. Pilot acuvities, including the Wellbeing Fesuval. Stakeholder consultations with vari¢)us groups. includin o Trustee5 and staff o Volunteers and vi51tors o Currenc and Poten￿11 tenanrs and partners o Local interest groups and educational institucions o Youth, arts. heritage. and cultural organi5ation5 o The wider public from Northampton and surr¢)unding areas. The findings from these consultations have SI￿lficant1Y influenced the redevelopment plans, particularly the accompanying activity programmes. These insights were instrumenfal in shaping the bid submitted in May 2024. Evidence from progres5 repons, evaluation interviews. and reviews of accFvity plxns shows that key consulration outcome5 were incorporated into the ffinal bid. Additionally, these insights helped refine the evaluation and impacc frarnework for the Delivery phase starting in November 2024. The evaluation will focus on: Addressing barriers to access and participati¢Jn, including improveM￿ts to parkin& overcoming language barriers. and enhancing communiry cohesion. Ensuring economic fattor& such as event costs, do not prevent participauon. Providing a diverse range of ac(ivities that support wellbeing without alienating certain groups. parricularly men. Through our engagement programme across the Charity. we have increased the number of households benefiting from the communiry annual pass by 228. This enables those in our hyper-local community to access the house for free and engage with event5 at no or reduced cosc Addityonatly. we supported free access to large events by engaging with our ward councillor& who distributed over 230 free tickets Yalued at more than £4.000. The Trusr hosted a series of diverse puE4ic event& combining hiscorical instgh¢ cuknral celebrations. and family- friendly actyv1t1￿. Museum of the Moon (May 26-28. 2023): The iconic lunar insrallation by Luke Jerram vtss displayed in the Abbeys garden5. The event featured lunar-themed ptrf0rn1anc￿ a silent disco. and moon-gazinz. Easter Eggstravaganza (March 29 - April 1, 2024): This Easter eV￿t offered families an egg hunt in the Walled Garden. an animal petting ar4 and a fun trxil within the Abbey. Battle of Northampton Memorial Day Uuty 14. 2023): This historical day featured guided battiefield tours by the Northamptonshire Battlefield Society. reenamncs. and a falconry display. Summertime Live (August 9-10. 2023): A major summer fescival with INe musiG DJ& food stalls, and attivities for all ages. Winter Light Trail (November - December 2023): Rewrning during the festive season. the Winter Light Trdil rransformed the Abbey's grounds with stunning light display& Classics on the Lawn (September 2023): Car enthusiasts enjoyed an array of vintage cars showcased on the Abbey's South Lawn. celebrdting both classic cars and the Abbey's heritsge. Heritage Open Days (September 2023): As part ol the national Herioge Open Days. the Delapré Abbey Pre5ervatiort Trust opened the house and gardens to the public free of charg< offering tours that highlighted the building's history. Historical House Tours and Talks: Thro￿Out the year. the Trust Owdnised regular tours, guiding wsitors through the Abbey's history. from ￿$ origins as a nunnery to its development by the Bouverie family. Speci31 tslks provided further insighrs into its architecDJre and cultural importance. Volunteers The Charity welcomed new volunteers during this period. with an increased number being referred through community, professional, and self-referrdls as parr of our wellbeing programme. We celebratyj 17 voluntsers who completed five years of seNce with the Chaiity. and we expett this number to increase in the coming years. Throughout the year, our onboarding and trnining pro8ramme was redesigned, successfully helping volunteers feel part of the Trust in a retatively shorc time. We continued to see the benefits of adyerrlslng volunteer opportunities through the Volunteer Passport programme administered by General Prac(ice Alliance. Our corporate volunteering programme grew this past year. with 12 corporate volunteering engagements involving 117 partiopants. These activities supported the A Stable Future proieffj eyent marshallin& and iandscape m&ntenance across the Chariry. Delapre Abbey Preservation Trust Trustees, Report Charltable Acttvities This year marks the sixth year since Delapré Abbey opened to the public. We have seen an increase in visitor numbers, continuing to build back post-pandemic, with 7,543 people visiting the house to learn abour its history. This year. the Charity sttged The Walled Garden vns Map'cal": your memories of Delapré Abbey's zardens, which supported further audience research and devdopment as we prepare to develop the Walled and Eastern Gardens project as part of our I S-year masterplan. The wellbeing programme at Delapré Abbey this year has been diverse and enNn& supporting various comrnuniry groups. Below is a summary: . En-fold Support for Young People and Parents: Multiple sessions were held betyieen May and August 2023, primarily for young people and their parentlcarers. At￿ndance ranged from 7-1 O young people per session with 3-5 parentslcarers. . Aphasia Café: Regular sesslons throughouc the year offered supporc for individuals with aphasi& Attendance ranged from 7 co 19 people per session, and each café ran for 2 hours. Menopause Café: These café5 provided support for individuals naNigaung menopause. Parricipation varied from 4 to 13 people. with each session lasting 1.5 to 2 hour5. Therapeutic Gardenin8: A5 part of the wellbeing pro8ramm& developed this initiative, continuinz to cultivate growing spaces and utilise the 8reenhou5es. This programme not only increased volunteer parricipation but also 5UPPOrted the local food bank Food Aid Far Cotton. through produce donations. Grief Gatherings: These sessions pro￿ded support for individuals coping with grief. While some sessions had low attendance, there were regular meetings. each guided by a professional. The Mind Body Soul Festival in Sepcember saw significant engagement with over 450 people pre-booked. including discounts for social prescribers and free enrries. Workshops such as Bookbinding, Botanicals, and Gingerbread Making were well-received. with some sessions selling ouc in as few as seven days. Feedback highlighted the high quality of these event> participants askinz for more. Nawre-based attivities like the Bat Walk and Moth Tall led by P￿ Gilber¢ attratted modest but engaged attendance (around 12 participants per session). Significant community events were organised, including Nigerian Independence Day, the Christma5 Light Switch On, and the Spring Equinox Silent Disco. These events Saw strong attendance {120 for Nigerian Independence Day and SO attendees at the disco). The Winter Solstice gathering in December had 19 atcendees. and the Spring Equinox Silent Disco in March engaged 50 people. with free tickets distributed through various community organisations. For International Women's Day. 33 participants were involved. refiecting strong communiry intereSL Our ongoing programme of walking and talking session& known as "Space to Talk" attracted 375 pirricipants over weekly sessions in 2023. Events such as Lunar Lantern Making in February at(raC￿ families with 42 people attendin& and children engaging in creating Chinese New Year lantrrn& The NHS Mafrrnal Mental Health Waik and NASP Away Day were held in April 2024, contrbbuDng to the focus on wellbeing and mental health. At the end of the year, we had the hc￿our of hos¢ing the first Wellbeing & Herioge Conference in partnership with Historic England and the Council for British Archaeology. This large-S￿e conferenc¢ held over tsvo days in March 2024. focused on wellbeing and heritsg< attracting around l 00 attend￿ per day and up to 400 live stream viewers. The event provided an ￿c￿lent opportunicy to share examples of bes¢ pracvce and learning. Through funding from West Northamptonshire CO￿(11. we prnMded a Cyclin8 with Confidence programme across West Northamptonshir& supporring indNiduals to pn confidence and access bikes at a lower or no tost. This programme was very popular. supporting over 200 individu￿S throughout the year. Add￿lonalIY. with our pamer. Delapré Bike Dr, we have continued to develop this programme. working with primary schools through the generestty of local community fundin& The wdlbeing programme at Ddapré Abbey over the last year has provided an inclusive and supportyve environment for a variety of communiry Membe￿ including young peopl& those dealing with menopaus¢ grief. and aphasia. The diverse range of event& from mental health W￿kS and gardening for asylum seekers to creative workshops and festivals. ensures that Delapré remains a vibAnt hub of communicy acri￿￿. We continue t¢ make progress ¢ovrdrds Museum Accreditation. Ami Pendergrdss lef¢ in May 2023, having completed a sN-month conrdcr as Collection5 and Documentation Officer. During her trnure. key documents suth as a CollKtions Policy. Catalogu& Loan AgreemenE and Object Entry Forn) were drafted. These were Immediats￿ utilised. ensuring we now have appropriate paperwork f¢x ￿1 new objects entering the collection. We have also begun to catalogue historical donations and pwchase& leavinz us in a stron8er position for the accrediration process. Fundraising Activities As the charity receives no regular lundin& staff. volunteer& and trustees worked hard to generate income through our trading activities to enable the charity to deliver its charitable objectives. This year. our social enterprise attiwties generatrd £596.196 of incom& an improvement on our perforniance from the previou5 year. Additionally, the charity rdised £99.250 through ger￿￿[ fundrnisin& enabling greater reach and impatt through our chwitable activities. The charity experienced increased revenue through our event programme and tenancies. providing a more sustainable and resilient form of incom& This is particularly important during pwiods of growing pressures on the public's discretionary spending. Furthermor< the charity benefrted from a managemert charze of £173,026 from Delapré Abbey Enterpri Limited, and a ucilities recharge of £37.71 S during the tsvelve-month period. Additionally. a profit of £3.994 was dcnated at the end of the fiscal year. The chariry also continued to make progress in funding the A Stable Future pro1￿ rÈceiwng support from the Nacional Lottery Heritage Fund through a grant of £477.025. We anucipate submitting our delivery Stage applicat¢on to the National Lottery Heritage Fund in May 2024. with an expecred decision by Autumn 2024. In the year, we raised £1.278.S44 as part of our ambition to rnise 40% of the projett ct)sts to support an application to the Herita8e Fund for 60% of the projett costs. Reserves Policy The Trust regularly reviews its reserves policy as part of its development towards financial sustainabilty. An appropriate cash buffer, Curr￿[lY Set at £200,000. is rnaintained. This buffer is monitored by the Finance Sub- Commttcee in light of the Trurf5 financial posioon. Delapre Abbey Preservation Trust Trustees, Report Financial Posltlon At the balance sheet dat< the charity held bank balanw of £206,81 S. Based on monthly revenue forecasts for the year ahead. the charity bdieves it hold5 sufficient funds co ￿SUre its solvency beyond the end of the financial year, which concludes in March 2025. This supports the adopoon of the going concern basis of accounting. With the continued progres5 of the stratwc plan and its associated priorities, the Trust has seen the positÉve effects of new fundraising initiative5. combined with measures to increase income and manage costs. These efforts ensure a sustainable cash flow position in the short and medium term. Long-term sustsinability will be a focal point of the Maxerplan, with a key milestone being the Sttbles capit21 project delivery sttge applicarion to the National Lot(ery Heritage Fund. submitted in May 2024. Strurturei governance and management Noture of zovernlnz document The charity is controlled by it's zoverning documen( a deed of truK and constitutes a limited company. limited by guarantee, as defined by the Companies Act 2006. Recruitment and appointment of trurtees Trustees, who are also known as Executive Committee Mernber& are elected for a term of three years and then offered up for rtrelection at the AGM. Truscees are appointed a5 a part of recruitment and selection process and go through a cornprehensive inductson process. Ihffiere necessary, trustee policies and documents such as conflicc of interest waivers are re (110.30S) Cash and cash equivalents at 31 March 408,169 5 58,474 Cash and cash equivalents ac 30 March 256,596 408,169 All of the cash tlows are derived from continuing operntions durinz the above two periods. The notes on pages 22 to 36 forni an inwral part of these finarKial statements. Page 22 Delapre Abbey Preservation Trust Notes to the Financial Statements for the Year Ended 30 March 2024 I Charity status The charity is limited by guarnnw incorporated in Ensland and Wal4 and consequenrjy does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £ I towards the assets of the charity In the event of liquidation. The address of its re8iStered office is: Abbey Cottage Delapre Abbey London Road Northampton Northamptonshlre NN4 8AW 2 Accounting policies Summary of significant accounting policie$ and key accounting estimates The principal accounting policies applied in the preparation of these financial sratements are set out below. These policies have been consistendy applied to all the years presented, unless othwwise stated. Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charitles: Statement of Recommended Practice (applicable co chariues preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in Ortober 2019) - (Charities SORP (FRS 102)). the Pinanciai Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Delapre Abbey Preservation Trust meets the definition ol a public benefit entity under FRS 101 Assets and liabiliues are initialty recognised at historical cosc or trnnsaction value unle55 otherwise stated in the relevant accounting policy notes. Basis of consolidation The consolidated financial statements consolidate the finanoal Statern￿ts of the charity and its subsidiary undertakings drawn up to 30 March 2024. Page 23 Delapre Abbey Preservation Trust Notes to the Financial Ststements for the Year Ended 30 March 2024 A subsidiary is an entity controlled by the chariry. Contml is achieved where the charity has the power to govern the financial ind operating policies of an entiry so as to obtain benefits from irs acuvities. The results of subsidiaries acquired or disposed of during the year are included in the statement of financial activities from the effettive date of acquisition or up to the effective date of disposal. a5 appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group. The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the ￿0uP. The cost of a busines5 combination is measured as the fair value of the assets given, equrty inscrumenfs issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the busines5 combination. Identifiable assets acquired and liabiliues and contingent liabilities assumed in a business combination are measured initially at their fair Values at the acquisition date. Any excess of the cost of the business combination over the acquirer's interest in the net lair Wdlue of the identyfiable assets, liabilities and contingent liabilities recognised is recorded as goodwill. Inter-company tran5acrions. balances and unrealised Dins on transaccions between the charity and its subsidiaries, which are related parties, are eliminated in full. Intra-group losses are a150 eliminated but may indicats an Impalm￿n£ that requires recognivon in the consolidated financial sta￿Ments. Accounting policies of Subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non