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< Per1< 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 IncrSed 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 aPPlaOn 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 Poten11 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 SIlficant1Y 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 improveMts 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 eVt 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: ThroOut 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. Atndance 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 proded 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 hcour of hos¢ing the first Wellbeing & Herioge Conference in partnership with Historic England and the Council for British Archaeology. This large-Se 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 clent 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 individuS throughout the year. AddlonalIY. 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 WkS 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<irculated for review and signature annually in accordance with the charity's governin8 documents. Arronzements fvr s•ttinz k•y manazement p¢rsonn¢l remunerntion No remuneration is paid co the Truscees. The remuneracion of key management personnel is determined by che Finance Sub Committee of Trustees taD8 into account perforniance. seniority. market data for similar positions and prevailing financial circumstances of the TrusL Related parties West Northamptonshire Council Partner in the restoration and running of the Abbey and Landlord. National Heritage Lottery Fund Oversees use of grant monies. Trustees and Office The trustees and officers serving during the year and since the year end were as follows:
Delapre Abbey Preservation Trust Trustees. Report Trustees: S R Edmonds A W Brown (resied 15 May 2024) J L Birch S Schaebitt Djsmart F Guilmard S L Hollis A Moore M Hawknns M Daye S P Adams (appointed 4 December 2023) F E Grnham (appointed 4 December 2023) J A Burditt (resigned 3 May 2023) M Sledz (resied 24 July 2023) T J Hadland (resigned 9 August 2023) Chief Executive Officer & Company Secretarr. R J Clinton
Delapre Abbey Preservation Trust Trustees. Report Statement of trustee$. responsibilities The trustees (who are also the directors of Delapre Abbey Preser¥ation Trust for the purposes of company law) are responsible for preparing the trustees. report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounring Pracoce), including FRS 102 The Financial Reportin8 Standard applicable in the UK and Republic of Ireland.. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financi statements unless they are satisfied that they give a true and fair view of the state of affair5 of the went charitable company and the group and of the incoming resources and application of resource& including ifs income and expenditur< of the charitable group for thac period. In preparing these ffinancial statements. the truseS are required to: select suitable accounting policies and apply them consistendy: obserye the methods and principles in the Charities SORP, make judgemencs and estimates that are reasonable and prude state whether applicable accounung standards, comprising FKS 102 have been followed, subjett w any material deparwres disclosed and explained in the financial 5ratements: and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the parent charirable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial posiuon of the parent charitable company and the group and enable them to ensure that rhe financial statements comply with the Companies Acc 2006. They are also responsible for safeguarding the assets of the parent chariraNe company and the group and hence for taking reasonable step5 for the prevention and detection of fraud and ocher irregulariues. The trUse$ are responsible for the maintenance and integrity of the corporate and financial information included on the ¢haricable company's websi*. Legislation governinEthe preparation and dissemination of financial statements may differ from legislation ID other jurisdictyons. Dls¢losure of Inforniation to auditor Each trustee has taken steps that they ought to have taken as a crustee in order to make themselves aware of any relevant audit information and to establish that the charity'5 auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware. The annu21 report was approved by the trustees of the charity on 2 December 2024 and signed on its behalf by. SREd Tru Page 10
Delapre Abbey Preservation Trust Independent Auditorfs Report to the Members of Delapre Abbey Preservation Trurt Qualified opinion We have audited the finanoal statements of Ddapre Abtw Preservation Trust (the'charitable parent compan and its subsidiaries (the 'group') for the year ended 30 March 2024, which comprise the Consolidated Statement of Financial Activioes, Consolidated Balance SheeL . Batance Shee( Con505idated Statement of Cash Flows and Notes to the Financi statemen including a summary of significant accounung policies. The financial reporring framework that has been applied in their preparation is United Kingdom Accourring Standard& comprising Charities SORP - FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (Unitrd Kingdom Gener[Y Acceptyj Accounting Practtce). In our opinion. except for the possible effects of the matter described in the basis for qualified opinion settion of our repo the financial statemen give a true and fair wew of the state of the group'5 and parent charity's affairs as at 30 March 2024 and of its incoming resources and applicauon of resources. including its income and expenditure. for the year then ended: have been properly prepared in accordance wth Uni¢ed Kingdom Generdlly Acceptsd Accounting Practice,. have been prepared in accordan wth the requirements of the Companies Art 2006. Basls for oplnlon We conducred our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibiliues under those stsndards are further describtr4 in the auditor responsibilities for the audit of the financial statemenrs settion of our reporc We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UL including the FRC'S Ethical Standard. and we have fijlfilled our other ethical responsibilioes in accordance with these requirements. The financial statements for the Charity for the eomparntive period . the year to 30 March 2023 were not audited .The Charity in the year ended 30 March 2024 has increased turnover. therefore requires an audic under the Chariues Act 201 l.The comparatives in the Sratemeni of Financial Activiues for the year ded 30 March 2023 have not been audited and therefore we can express no opinion . The opening balances at 31 March 2023 have been subjea to extensive audit w¢rk by us and we are satisfied that they do not contain matrrial missutements. Pagell
Delapre Abbey Preservation Trust Independent Auditor's Report to the Members of Delapre Abbey Preservation Trust Conclusions relating to going concern In auditing the financial statements. we have concluded that the trustees use of the going concern basis of accounting in the preparation ol the financial statement5 is appropriate. Based on the work we have performed. we have not identified any material uncertainues relatiftg to events or conditions thal indiwdually or collecuvely. may cast SIlfIcant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised fer issue, Our responsibiliwes and the responsibilities of the trustees wth respecr to going conttrn are described in the relevant sections of this reporL Other information The trustees are responsible for the other infonnati¢)n. The other information comprises the information included in the annual repor( other than the financial stacements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, excepr to the ex£ otherwise explicidy stated in our repo we do not express any forn) of assurance condusion thereon. In CODnection with our audit of the financial ststemen our responsibility is ro read the other infonnation and, in doing so, consider whether the other information is materially inconsistent with the finan¢ial statements or our knowledge obtained in the audit or otherwise appurs to be materially mi5Sta¢ed. If we idenofy such maierial inconsiscencies or apparent material missocements, we are required to determine whether there Is a material misstatement in the financial statsments or a material misstatement of the other inforn)ation. If. based on the work we have performed. we conclude that (here is a manI1 misststement of this other information. we are required to report that facL We have nothing to report in this reDrd. Opinion on other matter prescribed by the Companies Art 2006 Except for the possible effects of the matter described in the basis for qualified opinion settion of our reporL in our opinion. based on the work undertaken the course of the audiL the information yven in the Strntegic Report and Trustees. Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and the Stratezic Report and Trustees, Report have been prepared in accordance with applicable legal requirements. Matters on which we arn required to report by exception Except for the matter described in the basis for qualified opinion Section of our reporL in the lizht of our knowledge and Lbnderstanding of the group and the parent charitable company and environment obtained in the course of the audi¢ we have not idenofied material misstatements in the Strategic Report and the TrusTres' ReporL We have nothing to report in SPeCt of the following matters where the Companies Act 2006 requires US to report to you rf, in our opinion". Page 12
Delapre Abbey Preservation Trust Independent Auditor's Report to the Members of Delapre Abbey Preservation Trust adequate accounong records have not been kept by the parent charitable company. or returns adequate ft)r our audit have not been received from branches not visityj by us or the parent charitable company financial Katements are not in agreement with the accountyng records and returns" or certain disclosures of m15tees remuneration specified by law are not mad& or we have not received all the information and explanations we require for our audiL the Trustees were not entided to prepare the financ4i 5tatsmenrs in accordan with the small companies regime and take advantage of the small companies, exemptions in preparing the Trustees report and from the requirement to prepare a strategic re[rE Responsibilities of trnstees As explained more fully in the Statement of truscees, responsibilitÈes (set out on page l O). the trustees are responsible for the preparauon of the financial statements and for being satisfied that they give a true and fair view. and for such inrernal control as the trustees drn)Ine is necessary to enable the preparaoon of financial statements that are free from material misstatemenE whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charity's ability to continue as a going concern. disclosin& as applicabl& matters related to going concern and using the going concern basis of accounting unless the trusrees either intend fo liquida the dwity or tn se operations or have no realistlc alternative but to do so. Auditor responsibilities for the audit of the financial $tatements Our objectives are to obrain reasonable assurance about whether the firwKial stateMer as a whole are free from material misstrÉtemeni whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a hizh level of assuranc& bur is nor a guarantee that an audit condutted in accordance with ISAS (UK) will always detert a matsrial misstttement when it exis Misstatements can arise from fraud or error and are considered material rf. individually or in the aggregat4 they could reasonably be expected to influence the economic deasions of users taken on the basis of these financial statemen The extent to which our procedures are capable of deteccing irregularities. including fraud is detailed belt)W: Page 13
Delapre Abbey Preservation Trust Independent Auditor's Report to the Members of Delapre Abbey Preservation Trust Because of the inherent limitations of an iudiL there is a risk that we will not detett all irregularities, including those leading to a MIrial MISStaMent in the financial statements in the ffinanci statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions refiected in the financixl statement5. as we will be less likely to become aware of instances of non<ompliance. The risk is also greater regarding irregularities occurring due to fraud rnther than error, as fraud involves intentyonal concealmenL forgery, collusion. omission or misrepresentaoon. Irregularities. including fraud. are instances of non-cornpliance with laws and regulaoons. We design procedures in line with our responsibiliues. outlined above. to detett material misstatements in re5pett of irregularities, including fraud. The extent to which our procedures are capable of detetting irregulariues. including fraud is detailed below: We obtained an understanding of the legal and regulatory frameworks applicable to the Trust and the sector in which it operates. We determine that the following laws and regulations were significanL' the Companies Acr 2006, UK direct and indirecc taxation laws. We obtsined an understanding of how the company is complying with those legal and regulatory frameworks by makin8 enquiries of managemenL There are no criucal judgemenu of an unusual nature. We have undertaken high levels of a substantive testing of opening and period end balances in the statement of financial position and have perfornied a detailed analytical review of the income statemenc Prior to commencement of the audi( staff were brieled on the risk assessment of the susceptibility of the Trust financial rtatements to material misst2temenc including fraud. Audit procedures performed include: èidentifying and assessing the design and effectiveness of conrrols rnanagement has in place to prevent and detecc fraud •underst3nding how the Trustees considered and addressed the P¢xential for override of controls or inappropriate influence over the financial reporting process •challenginz as5umpuoDS and judgements made by management in significant xcounting esrimaces where appropriate •identi"n£ and testing journal entries. in particular any journal entries p0sd with unusual account combinations as appropriate •a53e$sing the extent of compliance laws and regulations At the completion stage of the audit the results of audit tests were re-examined to ensure that they were consistent with our knowledge of the Trust and did not warrant further investiption of transacttons and balances. A further description of our responsibilities is available on the Financial Reporring Council's website aL WbVW.frc.org.ukJauditorsresponsibilities. This destripuon fornis parr of our auditor's reporL Page 14
Delapre Abbey Preservation Trust Independent Auditor's Report to the Members of Delapre Abbey Preservation Trust Use of our report Thi5 report is made solety to the charitable parent cornpanls tru& as a bo¢ty, in accordance with Chapter 3 of Part 16 of the Companies Acc 2006. Our audit work has been Itnderraken so that we might s¢ate to the group's trustees those matters we are wuired to Statr to them in an auditor's report and for no other purpose. To the fulles extent permitted by law, we do not accept or assume responsikn.lity to anyone other than the lepa t company and its trustees as a body. for our audit work for this repork or for the opinions we FCA FCCA (Senior Statutory Auditor) For and on behalf of Cheney & Co. Sratutory Auditor 31 O Wdlingborough Road Northampron Northampronshire NNI 4EP Date: 2 December 2024 Page 15
Delapre Abbey Preservation Trust Consolidated Statement of Financial Activities for the Year Ended 30 March 2024 (Including Consolidated Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrtricted Restricted funds fund5 Totsl 2024 Note Income and Endowments from: Donations and legacies Charirable activities Other trading acts'vities Investment income Other income 103.913 103,913 413,116 481.967 2.216 1.190.461 413,116 481.967 1216 1,190,461 Total income I,T78.557 413.116 2.191.673 Expenditure on: Raising funds Charitable activitses (93.469) 1.664,52 (93,469) 1,676,872 12.345 Total expenditure 1.757,996 12,345 1,770,341 Net Income 20.561 400,771 421,332 Net movement in funds 20,561 400.771 421,332 Reconciliation of funds Total funds brought foThvard 469.084 12.345 481,429 Total funds carried fonKard 22 489,645 413,116 902,761 The notes on pages 22 to 36 form an integral part of these financial statements. Paze 16
Delapre Abbey Preservation Trust Consolidated Statement of Financial Activities for the Year Ended 30 March 2024 (Including Consolidated Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrirted Rertricted funds fund5 2023 Income and Endowments from: Donations and legacies Other trading actItieS Investmert income Other income 203.827 359.186 1.556 187.469 203,827 359.186 1.556 187.469 Total income 751038 752.038 Expenditure on: Raising funds Chariuble activiues (61478) 36.042 (62,478) 736,042 Total expenditure Net expendtcure Net movement in funds 98.520 798,520 46.482 46,482 (46.482) (46,482) Reconciliation of funds Total funds intr<xluced on cortsolidation 515,565 12.345 527,910 Totsl funds carried fonward 22 469.083 12.345 481,428 All of the group's actiwties derive from continuing operntions during the above rwo periods. The funds breakdown for 2023 is shown in note 21 The notes on page5 22 to 36 fonn an incegral part of these *nanciaJ sttsments. Page 17
Delapre Abbey Preservation Trust Parent Statement of Financial Activities for the Year Ended 30 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrirted funds Restrirted funds Total 2024 Note Income and Endowments from: Donations and legacies Charitable activityes Other trading attivities Investment income 103,913 103,913 413,116 593,611 2,216 413.116 593.611 1216 Total income 699.740 413.116 1.111856 Expenditure on: Raising funds Charitable attivities {93.469) 585.711 (93,469) 598,056 12,345 Total expenditure 679.180 11345 691.525 Net income 20.560 400.771 421.331 Net movement in funds 20,560 400,771 421.331 R¢¢onclllation of funds Total fijnds brought forward Total funds carried for•iard 468,693 12,345 481,038 21 489.253 Unrestrirted funds 413.116 Reitricted funds 901369 Total 2023 Note Income and Endowments from: Donations and legacies Other trading accivities Investment income 203,827 457,148 1,556 203,827 457.148 1,556 Total income 662,531 662.531 Expenditure on: Raising funds Charitable activities (62,478) 646.92 (62.478) 646,927 Total expenditure 09.405 709,405 Ner expenditure 46.874 46,874 Net movemenc in funds (46.874) (46,874) Reconciliation of funds The notrs on page5 22 co 36 form an integral parr of these financial statements. Page 18
Total fijnds brought forward Total funds carried foThvard 515.565 11345 527,910 21 468.691 11345 481.036 The note5 on pages 22 to 36 fom an inwrnl part of these financial statements. Page 19
Delapre Abbey Preservation Trust (Registration number. 06005336) Consolidated Balance Sheet as at 30 March 2024 2024 2023 Note Fixed assets Tanzible assets 16 935,116 442,875 Current assets Stocks Debtors Cash at bank and in hand 17 18 29.051 I SIH3 256,596 438,090 19,375 118,391 408,169 545,935 19 Creditors: Amounts falling due wSthin one year Net current assets 20 436,391 468,698 1,699 77.237 Total assets less current liabilities Crediton: Amounts falllng due after more than one year 21 936.815 520,112 34,054 38,684 Net assets 902,761 481,428 Funds of the group: Restrirted Income funds Rescricted funds 413.116 12,345 Unrestricted income funds Unrestricted funds 489,645 469,083 Total funds 22 901761 481.428 The financial st2mentS on pages 16 to 35 were approved by the truscees. and authorised for issue on 2 December 2024 and signed on their behalf by: SREdm Trustee The notrs on pages 22 to 36 form an integral part of these financial statements. Page 20
Delapre Abbey Preservation Trust (Registration number. 06005336) Parent Balance Sheet as at 30 March 2024 2024 2023 Note Fixed assets Tangible assets Investments 16 915,720 431699 915.721 432.700 Current assets Stocks Debtors Cash at bank aftd in hand 17 18 19 10.484 160,381 206,815 377,680 11.330 117,214 408,169 536,713 Cred•tors: Amounts falling due with•n one year 20 356,978 449.692 Net current assets 20,702 87.021 Totsl assets less current liabilities 936,423 519.ni Creditors: Amounts falling due after more than one year 21 34.054 38,685 Net assets 902.369 481,036 Funds of the charity. Restricted income fund$ Restricted funds 413.116 12,345 Unrestricted income funds Unrestricced funds 489.253 468.691 Total funds 902.369 481,036 The financial statements on pages 16 to 35 vlere approved by the trustees and authorised for issue on 2 December 2024 and signed on their behalf by. S R Edmonds Trust The notss on pages 22 to 36 forni an integral part of these financi3J stat*nents. Page 21
Delapre Abbey Preservation Trust Consolidated Statement ofcash Flows for the Year Ended 30 March 2024 2024 2013 Note Cash flow5 from operatin8 artivities Net ush incomol(expenditure) 421,332 (46,482) Adjustments to cash flows from non-cash it¢m5 Depreciauon Investment income Loss on disposal of fixed assets held for the group's own use 16 42.220 (1216) 300 461,036 31.033 (1,556) (17,005) Working capital adjustments Increase in stocks (Increase)Idecrease in debtors (Decrease)lincrease in Creditors {9.676) (34.052) 31,435 (12.290) 3,293 66.349 20 Net cash flow5 from operating accivities 385.873 40.347 Cash flows from investing actlvities Interest receivable and similar income Purchase of tangible fixed assets 1216 535.031 1,556 147,109 16 Nec cash flows from investing activities {532,815) (145.553) Cash flows from financing artlvitles Repayment of loans and borrowings Net decrease in cash and cash equiyalenfs 21 4,631 5,099 {151,573> (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 Staternts 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 Impalmn£ that requires recognivon in the consolidated financial staMents. Accounting policies of Subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non<ontrolling interests in the net assets of consolidaced subsidiaries are identified separately from Che group's equity therein. Non-confrolling interests consist of the amount of those interests at the date of the oriwnal business combination and the non-controlling shareholder's Share of changes in equity since the date of the combination. Total Comprehensive income is attributed to non-controlling interests even if this results in the non<ontrolling interests having a deficit balance. Golng concern The trustees consider that there are no material uncertainties abouc the group's ability to continue as a going Concern nor any significant areas of uncertainry that affett the orrying value of assets held by the group. Income and endowments All income is recognised orKe the charity has entitlemenc to the income. it is probable that the income will be received and the amount of the income receivable can be measured reliably. Donotlons ond lezacles Donations are recognised vthen the charity has been notified in wriung of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds. the income is deferred and not recognised until either those condiuons are fully meL or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Gn7nts receivable Grants are recognised whell the group has an enritlement to the lunds and any conditions linked to the grants have been met Where perforniance condition5 are attached co the granc and ire yet to be mec the income is recognised as a liability and included on the baiance sheet deferred income to be released. ge24
Delapre Abbey Preservation Trust Notes to the Financial Statements for the Year Ended 30 March 2024 Expenditure All expenditure is recognised On there is a legal or construccive obligation to that expendiwr@ it is probable settlement is required and the amount can be measured reliabty. All costs are loCated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be direttly attributhd to particular headings they have been allocated on a basis Consisnt the use of resource& with centfdl staff costs allocated on the basis of time spenc and depreciaoon charges allocated on the pcrrion of the asset's us Other support costs are all¢xated based on the spread of staff costs. Raisinz fvnds These are costs incurred in attracting volunw incom< the management of invesrments and those incurred in trading activiues that raise hJnds. Chaiytoble activities Charitable expenditure comprises those cosrs incurred by the charrty in the delivery of irs acuvrtie5 and services for its benefioaries. It includes both costs that can be allocaod direcdy to such activities and those costs of an indirert nature necessary to support them. GOrnanCe costs These include the costs attributable to the charity's compliance with constitutional and statutory requiremen includinz audlc mtegic management and trustees meetings and reimbursed expenses. Taxation The charity Is considered to pass the trsts set out in Para8raph I Schedule 6 of the Finance Att 2010 and therefore it meets the definiuon of a charitable company for UK corporaoon tax purposes. Accordingly. the charity is potenoally exempt from taxation in respett of income or capical gains received within categories covered by Chapter 3 Part I l of the Corpordrion Tax Acc 201 O or Secoon 256 of the Taxation of Chargeable Gains Att 1991 w the extent that income or pins are applied exclusively to dwitable purposes. Tanglble fixed assets Individual fixed assets costing £500.00 or more are initialty recorded at cos¢ less any subsequent accumulated dePCIation and subsequent accumulated impairn)en¢ losse& Depreciatlon and amortisation Depreciation is provided on tangible fixed assets so as to write ¢)ff the cost or valuation, less any estimated residual valu¢ over therr expecced useful economic lrfe as follow& Asset class Flant and Machinery Fmres and Fittings Computer Equipment Building Refurbishment Battlefield Intsrpretation Depreciation method and rate 25% on cost 20% on co 20% on cost 4% on cost IO% on cosc
Delapre Abbey Preservation Trust Notes to the Financial Statements for the Year Ended 30 March 2024 Stock Stock is valued at the lower of cosc and estimated selling price less costs to complete and sell. after due regard lor obsolete and slow moving stock5. Cosc is determinvj using the first-in, first-out (FIFO). Trade debtors Trade debtors are amounu due from customers for merchandise sold or services perforn)ed in the ordinary course of busines5. Trade debtors are recognised initially at the transattion price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairmL A provision for the impairment of trade debtors is established when there 15 objective evidence that the chary will n¢X be able to collett all amounts due according to the original terms of the receivable& Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-*rm highly liquid investments that are readily convertible to a known amount of cash and are subjett co an insignificant risk of change in value. Trade creditors Trade creditors are obligations ro pay for goods or swvices that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional righ¢ at the end of the reporting period. co defer setdement of the creditor for at least twelve month5 after the reporting date. If there is an unconditional right co defer setdement for at least tréelve months after the reporung date, they are presented as non-current liabilities. Trade creditors are recogni5ed initially at t transaction price and subsequentty measured at amortised Cost Using the effective interest metht)d. Borrowlng$ Interest-bearing borrowings are initially recorded at fair valu< net of trdns&ccion costs. Interest-bearing borrowings are subsequendy carried at amonised cos( with the difference between the proceeds. ner of transaction costs, and the amount due on redempuon being recognised as a charge to the Stttement ef Financial Acciwtie5 over the period of the relent borrowing. Sntere5t expense is recognised on the basis of the effective interest method and is included in interesc payabl¢ and similar charges. Borrowings are classified as current liabilities unless the charity has an untonditional right to defer setttement of the liabiliry for ar least twelve months after the reporting date. Fund structure Unrestricted income funds ve genernl funds that are a¥Rilable for use at the trustees discretion in furtherance of the objectives of rhe group. Restricced income funds are those donated for use in a particular area or for specth¢ purposes. the use of which is restricred to that area or purpose.
Delapre Abbey Preservation Trust Notes to the Financial Statements for the Year Ended 30 March 2024 Pensions A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legat or constructive obligation to pay further contriburions even if the fund does not hold sufficient assets to pay employees the benefts relating to employee service in the current and prior periods. Contributions to defined contribucion plans are recognised as employee benefrt expense when they are due. If contribuoon payments ceed the contribuoon due for seThic< the excess is recognised as a prepayment. Financial instruments ClussifioJtlon Financial assets and financial liakn'liries are recognised when the group becomes a party to 'the concractual provisions of the inscrumenL Financial liabilities and equity instruments are clatsrfied according co the substance of the contractual arrangements entered into. An equity inscrument is any contrdct thar evidences a residual interest in the assets of the group after dedutting all of its liabiliries. Recognition and measurement All financial assets and liabilities are iniually measured at transacrion price (including transattion cost5). except for those financial assets classified as at fair Trrdlue through profit or loss. which are initially measured at fair value (which is normally the transacuon price excluding transaction costs). unless the arrangement con5tytutes a finanong transaction. If an arrangement constitutes a fjnancing transattion. the financial asset or financial liabiliry is measured at the presert Ydlue of the future paymenLS discounod at a market rate of interest for a similar debt instrumenL Financial assets and liabilities are only offset in the StaMent of financial poslrion when. and only when there exists a legally enforceable right to set off the recognised amounts and the group intrnds either to settle on a net basi& or to realise the asset and setcle the liability simultaneously. Financial assets are derecognised when and only when a) the contrnctual rights to the cash flows from the financial asse¢ expire or are settled, b) the gTOUP transfer5 to another party substantially all of the risks and rewards of ownership of the financial asseE or c) the group. despite having retained 50rne. but not 1, Si1cant risks and rewards of ownership. has transferred control of the asset co another parry. Financial liabilities are derecognised only when the obligation specified in the contracc is discharged. cancelled or expire& Page 27
Delapre Abbey Preservation Trust Notes to the Financial Statements for the Year Ended 30 March 2024 Investments Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their lair value is lIablY measurable) are measured at Fair value through profit or loss. Where fair yUe cannoc be measured reliably, inyescments are measured at cost less impainnent Investments in subsidiaries and associates are measured at cosc Sess impairment. For investments in subsidiaries acquired for consideraoon including the issue of shares qualifying for merger lIef. cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored. 3 Income from donations and legaoes Unrestricted fund5 General Total 2024 Total 2023 Donations and le8acies; Donations from individuals Grants. including capital 8rants: Grants from other charities 13.552 13.552 57.085 90,361 103.913 90,361 103,913 146,742 203.827
Delapre Abbey Preservation Trust Notes to the Financial Statements for the Year Ended 30 March 2024 Government grants are recognised b3sed on the accnol model and are measured at the fair •4alue of the asset received or receivable. Grxnrs are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets xre recognised over the expected useful lrfe of the asseL Wlh¥e part of a grant reiating to an asser is deferred. it is recognised as deferred income. 4 Income from tharltable activities Restrirted funds Total funds National L*xtery Heritsge Fund - 19th Century Stables Projett Development 413.116 413,116 Total for 2024 413.116 413,116 S Income from other tradlng activities funds General Total 2024 Total 2023 Trading income; Shop income from sale of donated goods and services Sales of goods and serylces Events income: Other events income 256,147 208.741 256,147 208,741 222,232 128.733 17.079 481.967 17,079 481,967 &221 359,186 6 Investment Income Unrestrlrted funds General Total 2023 2024 Other investment income 1216 1216 1,556 Page 29
Delapre Abbey Preservation Trust Notes to the Financial Statsments for the Year Ended 30 March 2024 7 Other income Unrestricted funds General Total 2024 Totsl 2023 Rental income Subsidiary Income Other Income 76.985 1.078,817 34,659 1.190.461 76.985 1,078,817 34,659 1.190,461 68.078 89,507 29,884 187,469 8 Expendlture on raising funds Cost5 of trading activities Unrestricted funds Gen¢ral Total 2024 Total 2023 Costs of goods sold 93,469 93.469 93.469 93,469 62,478 62,478 9 Expenditurn on charitable activitle$ Unrestrlrted funds General Restrirted funds Total 2024 Total 2023 Note Parent staff costs Governance coscs 380,797 1.283.730 1.664,527 380.797 1,321264 1,676,872 353,754 382.288 736,042 10 12.34S 11345 In addition to the expenditure analysed abov< there are also goyernance costs of £1.283,730 {2023 - £382,288) of which £4.000 is the audii fee. The remainder relate directly to charitable attivities. See nore l O for further details. Page 30
Delapre Abbey Preservation Trust Notes to the Frnancial Statements for the Year Ended 30 March 2024 10 Analysi5 of governance and gUPPOrt Stsff costs Stsff costs - subsidiary Other staff costs Audit fees Audit of the financial statements Professional fees Accountancy and bookkeepinz fees Legal fee5 Depreciation. amorrisation and other similar costs Purchase coscs Genernl overheads- see detailed SOFA 461,009 10,564 461.009 10.564 4,000 10.687 11.102 46.300 309.656 430.412 11345 10.687 11.102 46.300 309.656 441757 Total for 2024 1.283.730 11345 1.296,075 Total for 2023 381288 382.288 I l Net incomingloutgoing resources Net incominty(outgoing) resources for the year indude: 2024 2023 Audit fees Loss on disposal of fixed assets held for the group's own use Depreciavon of fixed assets 300 42,220 31.217 12 Trustees remuneration and expenses No trustees, nor any persons connecced Yth them. have received any remur)eration from the group during the year. No trustees have received any rsmbursed expenses from the tharity during the year. Page31
Delapre Abbey Preservation Trust Notes to the Financial Statements for the Year Ended 30 March 2024 13 Staff costs The aggregate payroll cotts were as follows: 2024 2023 Staff costs durlng the year were: Staff costs Social security costs Pension costs Other staff costs 776.358 32.937 6,322 10,564 826,181 358,086 25,260 4,064 20,000 407,410 The monthly average number of persons (including senior management I leadership team) employed by the group during the year expressed as fvll ume equivalents wa5 as follows: 2024 2023 Salaries Zero hour contracts Volunteers 45 38 143 189 144 184 One employee received emoluments of between £60.000 and £70.000 during the year. 14 Independent examinér's remun¢ratlon 2024 2023 Examinarion of the financial statements 5,910 15 Taxation The group 15 a regisrored charity and is therefore exempt from taxation. Page 32
Delapre Abbey Preservation Trust Notes to the Financial Statements for the Year Ended 30 March 2024 16 Tangible fixed assets Group Land and building5 Furniture and equipment Cost At 31 March 2023 Additions 329.599 490.609 532.162 H.422 863,901 535.031 At 30 March 2024 820.208 576,584 1,398.932 Depreciation At 31 March 2023 Charge for the year At 30 March 2024 4.496 6,986 414,960 35.234 421.596 42,220 11,482 450.194 463,816 Net book value At 30 March 2024 808.726 126,390 935.116 At 30 March 2023 325,103 17.202 441305 Charity Land and buildings Furntture and equipment Cost At 31 March 2023 Additions 329,599 490.609 521.570 34,580 853.309 525.189 Ac 30 March 2024 820,208 556,150 1.378.498 Depreciation At 31 March 2023 Charge for the year At 30 March 2024 4.496 6.986 414,544 34,612 421,180 41,598 11.482 449,156 462,778 Net book value At 30 March 2024 106,994 915,no At 30 March 2023 325,103 107,026 431129 Page 33
Delapre Abbey Preservation Trust Notes to the Financial Statements for the Year Ended 30 March 2024 Fixed asset investments 2024 2023 Other investments Unlisted investments Cost or Valuation Additions At 30 March 2024 Net book valu• At 30 March 2024 Details of undertakings Details of the investments in which the chariry hold$ 20% or more of the nominal value of any class of share capiol are as follows: Country of incorporation Proportion of voting rights Principal and shares held activlty 2023 Undertaklng Holding 2024 Subsidiary undertaklngj Delapre Abbey Enterprises Limited - Company Number 10374553 England and Wales Ordinary loo% loo% Event catering attiviues Subsidiaries The financial period end of Delapre Abbey Enterprises Limited - Company Number 10374553 is 31 March. The profit for the financial period of Delapre Abbey Enterprises Limited Company Number 10374S53 was £Nil (2023 - £391) and the 4gregate amount of capit31 and reserves at the end of the period VRS £391 {2023 - £391). The charitable company owns the whole of the issued ordinary share capital of Delapre Abbey Enterprises Limited. a company registered in En8land and Wales {Company Number 10374553).The subsidiary is used for non-primary purpose trading attiwties. All transactions h2ve been con501idated on a line by line basis in the statement of financial activities. A summary of the results of the subsidiary is shown below: Page 34
Delapre Abbey Preservation Trust Notes to the Financial Statsments for the Year Ended 30 March 2024 2024 2023 Turnover Cost of Sales Adminiscrntive expenses Profit for the financial year Retained profit 1.078.817 {309.656} {769.161) 89.507 (26.626) (61490) 391 391 391 The Balance Sheet comprised: Fixed assets Current assets Current liabiltties 19,396 69.831 (88,835) 10,176 10,201 (19,985} Capital and Reserves 391 391 Page 35
Delapre Abbey Preservation Trust Notes to the Financial Statements for the Year Ended 30 March 2024 17 Stock Group Charity 2024 2023 2024 2023 Stocks 29.os I 19,375 10,484 11.330 18 Debtors Group Charity 2024 2023 2024 2023 Trade debtors Due from group undertakings Prepayments Other debt¢)rs 71.561 97,826 71,561 9.422 16,576 62,822 160,381 97.751 979 18,484 18,060 62,822 151443 20.564 118.391 117,214 19 Cash and cash equlvalents Group Charity 2024 2023 2024 2023 Cash on hand Cash at bank 1,137 255,459 256.596 408,169 408,169 206,815 206,81 S 408,169 408,169 20 Creditors: amounts falling due within one year Group Charity 2024 2023 2024 2023 Bank loans Trade creditors Other raxatton and social security VAT grant repxrdble Ocher creditors Accruals 6.216 139.256 11933 45.502 14,391 218.093 436.391 6,216 116.067 13.428 16.694 17,056 299,236 468.697 6,216 113.080 6.832 6,105 13,562 211.183 356,978 6,216 116.067 7.264 3.852 17,057 299.236 449.692 Page 36
Delapre Abbey Preservation Trust Notes to the Financial Statsments for the Year Ended 30 March 2024 DefeTred income - included within accruals 2024 Fundraising- 19th Century srables projecr £84.500 (2023: £0.00) Local Authority Grdnt - Cycle rrrinin[. £ l 0.000 (2023: £0.cK)) Assoc. of Independent Museum& £11.440 (2023: £0.00) Other. £4,221 (2023: £0.00) Total: £1 l 0.161 (2023: £0.00) 21 Creditors: amounts falling due after one year Group Charity 2024 2023 2024 2023 Bank loans 34,054 38.685 34.054 38.685 The Group has a loan with National Westminscer Bank which is repayable over the period unol March 2031. The loan was raken out under the Governments Bounce Back schem4 initially for 6 years but extended to l O years in April 2022. The interest rate on the loan is IS% fixed. The Bank loan is repayable as follow¥. Within one year £6.216 Betyrfeen one to two years £5.346 Between two to five years £16.854 More rhan five years. £11.854 Page 37
Delapre Abbey Preservation Trust Notes to the Financial Ststements for the Year Ended 30 March 2024 22 Funds Group Balance at 31 March 2023 Incoming re50urc¢s Resources pended Balance at 30 March 2024 Unrestr1rt funds General 469.084 1.778.557 (1.757,996) 489,645 Restrlcted funds 12,345 413.116 12,345 413,116 Total funds Restricted funds 5ummarr. 481.429 2.191.673 1,770,341 902,761 Arrs Council England - Funding to support the wellbein8 programme School for Soaal Enterprise Funding to support trdding activity 4.000 grovrth Northampton Town Council - Funding for Cultural Progrdmmes National Lottery Heritsge Fund IV Century Stables Projett Development 3,345 5,000 400.771 TOTAL 413,116 Resources expended Balance at 31 March 2022 Incoming resources Balance at 30 March 2023 Unrestrlrted funds General 515.565 752,038 (798,520) 469,083 Restricted funds 12.345 12.345 Total fund$ 527.910 751038 798,520 481.428 Py38
Delapre Abbey Preservation Trust Notes to the Financial Statements for the Year Ended 30 March 2024 Charity Balance at 31 March 2023 Incoming resources Resources expended Balance at 30 March 2024 Unrestricted fund5 General 468,693 699.740 (679.180) 11345 489.253 Restrirted fund$ 11345 413.116 413,116 Total funds 481.038 Fund5 introduced on consolidation 1.111856 691,525 902,369 Incoming resources Resources expended Balance at 30 March 2023 Unrestricted funds Generdl 515.565 661531 (109.405) 468.691 Restricted funds 12.345 11345 Total funds 527.910 661531 709.405 481.036 Page 39
Delapre Abbey Preservation Trust Statement of Financial Artivities by fund for the Year Ended 30 March 2024 Unrestricted Funds Total Totsl Unrestricted Unrestricted Funds Funds 2024 2023 Income and Endowment5 frorn: Donations and legacies Other trading accivitbes Investment income Other income 103.913 481,967 1216 1,190.461 203.827 359.186 1.556 187.469 Total income 1.778.557 752.038 Expenditurè on: Raising funds Charitable actyvitses (93.469) 1.664.52 (62,478) 736.042 Total expenditure Net incomel(expenditure) 1.757,996 798,520 20.561 46,482 Net movement In funds 20,561 (46,482} Reconciliation of funds Total funds brought forward Total funds carried foroiard 469.084 515.565 489,645 469,083 This page does not forni part of the statutory financial statrment5, Page 40
Delapre Abbey Preservation Trust Statement of Financial Activities by fund for the Year Ended 30 March 2024 Restricted Funds Total Total Restrirted Restricted Funds Funds 2024 2023 Income and Endowments from: Charitable attivities 413,116 Total income 413.116 Expenditure on: Charitable acrivities 11345 Total expenditure Net income 11345 400.771 Net movement in funds 400.771 Reconciliation of funds Total funds brought forward Total funds carried forKdrd 11345 12,345 413.116 11345 This page does not form part of the statstcory finanoal sratements. Page41
Delapre Abbey Preservation Trust Detailed Statement of Financial Activities for the Year Ended 30 March 2024 Total Total 2024 2023 Incom• and Endowrnents from: Donations and legacies (analysed below) Charit2ble artiviues (analysed below) Other trnding activities {analysed below) Investment income (analysed below) Other income (analysed below) Total income 103.913 413,116 481.967 2.216 1.190,461 203.827 359,186 1,556 187,469 2,191.673 752.038 Expenditure on: Raising funds (analysed below) Charitable activiries (analysed below) (93,469) 1,676,8n (61478) 736.042 Total expenditure Net incomel(expenditure) Net movement in funds 1,770,341 798,520 421,332 46,482 421,332 (46,482) Reconclllation of funds Total funds brought fOard Total funds carried foThvard 481.429 527.910 902.761 481.428 This page does noc form part of the statutory financial SUrnents. Page 42
Delapre Abbey Preservation Trust Detailed Statement of Financial Activities for the Year Ended 30 March 2024 Total 2024 Total 2023 Donations and legacies Donations Grants - other agencies 13.552 90.361 103.913 57,085 146.742 203,827 ChorAtabl¢ artivities Grnnts receivable 413.116 413,116 Other trodinz artivitses Admissions and activicies Catering contracts Shop sales 256,147 208,741 17,079 481.967 221232 128.733 8.221 359.186 Invertment income Income from other imiesunenrs 1216 1216 1,556 1,556 Other income Subsidiary income Renral income Other income 1,078.817 76,985 34,659 ,190,461 89.507 68,078 29,884 187,469 Ralsinz fvnds Catering Costs Purchases Wedding Costs Evenc costs Travel (5,052) {9.687) (8,800) (59.551) 10,379 93,469 (13.441) (1,634) (9.832) (29.854) 7.71 62.478 This paze doe5 not form part of the statuw finanoal Statements. Page 43
Delapre Abbey Preservation Trust Detailed Statement of Financial Activities for the Year Ended 30 March 2024 Total Total 2024 2023 Charitable artlvitles Staff costs Staff costs - subsidiary Other staff costs Sraff NIC (Employers Auditors, remuneration Independent Examiner's remuneration Letal fees Depreciation. amortisation and other similar costs Purchases - subsidiary Closing stock Li8hL heat and power Insurance Interpretation Overhead5 Education activities Telephone and fax Facilities Overheads Computer softsware and mainnanCe cos¢5 Printin& postage and srationery Subcontrnrt cost Hire of other assefs (Operdting leases) Cleaning Ligh¢ heat and power Management charges payable Petrol or diesel Travel and subsistence Printing. postage and sutionery Advertising Cleaning ad debts written off Rates Rent Repairs and renewals Trade subscriptions Bink charges (354.608) (461.009) {10,564} (26.189} (4,000) {10.687) (11.102) (46,300) (328,223) 18.567 {36.074) (11.220) (8.897) (5,373) (3,883} (13.354) (16.057) {10.329) (1,996) {1,860) {353,754} (33,656) (20,000) (2.241) (5,910) (14.778) {31,217) (34,670) 8.045 (67,039) (8,353) {14,946} (3,642) (4,402) (13.269) (15,973) (5,783) (169) (12,377) (3,023) (1,041) (214) (35.465) (166,103) (6.100) (292} {322) (21,222) (26,358) {1.210) (212) (20.283) (42,893) (7.706) 5,548 1,676.872 119,999) (515) (35,236) (362) {159) (28.112) (7,484) 5,763 736,042 This page does not form pan of the Sfaturory financial statement5.