REGisfERED COMPANY NUMBER: 06471831 (England and Wales)
REGIsfERED CHARrrY NUMBEIL. 1122667
REPORT OF THE TRusfEES AND
UNAUDrrED FINANCZAL sfATEMEiirs
FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
KENNAWAY HOUSE TRUST
(Fornierly known as Kennaway House Limi￿)

KENNAWAY HOUSE TRusr
FOR THE YEAR EIIDED 31 DECEMBER 2024
coiirEpifs OF THE FIfiANCIAL STATEMEKrs
Re￿rt of the Trustees
tn. 41
I to 6
Indepetht Examln&s Resxxt
Balan￿ Sheet
9 to 10
Notes to the Flnancial Statements
11 to 18

KENNAWAY HOUSE TRusr
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
trustees who are also dIr￿torS of ￿ tharity for the purtM)ses of ￿ Companles Act 2006, pre*nt their
re￿rt with the finanoal ststements of the charity for the year ended 31 December 2024. The trustees have
adopted the provisions of Accounting arKI Rew)rting by Chartbes: Ststement of Recommended Practice
applicable to charities preparing their accounts In accordan￿ with the Financial Rep)rting Standard
applicable in the UK and Republic of I￿land (FRS 102) (effettive l January 2019).
Objectives
The objective of the charity is to advan￿ public ducation in particular, but not exdusively, by the provisDn
of an educational ￿ntre for peo* of all ages in Sidmouth the surrounding area.
Pollcies
The wlicy of the Trust continues to be to encourdge a wide varth of edUCa￿nal dasses and events
alongside our successful art gallery aThl to preserve, maintsln and improve our Grade 2* listed building by
generating Incomei predominately through the ￿nts1 of rocffis and spa￿.
HIEVEMEKf AN
Report on the year
The House had another busy and successful year.
The small group activities continued with the B(xik aub, writerfs group, p￿try readers and art dasses.
History talks, meditation and first aid took place and BHL gave weekly valuation opp)rtunities for antiques.
There were regular art exhibitior6 fr(Kn Marth through to November which were enjopl by Sidmouth
residents, and visitors to the town. The monthty craft fairs started at Easter arKI ran until Christmas. SWAC
held their annual open exhibition in the autumn which was well attended. All art exhibitions indude
small commission on sales for the House.
FNe weddings took pl￿ ind￿lI￿J whole house and cErenK)nles and a number of ￿lebratIon partE5.
The Folk Festival used the House for rnus￿ arKI focmd tr7Akrs outside for the week with the 'Do Drop
Inn, bar On￿ again being profftable in ratsing valuable funds for the Housei expanding to a Wazelx)
venue.
A plant fair was hekl in March to repla￿ Daffolil day. Sklmouth School of Art held a working day in the
Cellar Bar. The BiodNersty Group held a festival day plus Saence festival and a number of business
meeting days.
The Christmas fair joined with the craft fair for late night shopping again which induded the Vintsge tea-
room in the Amyatt RTh)m Selling tea, coff￿, cake and mulled wlne. A raffte was held over 2 dates at
Christmas with some very generous prize donatK)ns which resulted in irnproved ticket sales.
The Arboretum ￿lebrated trees in November with demonstrations and tslks.
Kieron Garrett held regular jazz sessions which are becoming Increaslngly popular.
The new leader of EDDC visited the House regardlThJ the cthfKJirwJ loan but again rK) further contsct was
made by them to try to resolve the matter.
Hannah, the admin assistant left at Christrnas and a new caretsker, RuperL was appointed in April, WI￿ has
b*n a successful addition to tre staff.
The new Cellar Bar door, whlch is fire and llcxmj reslstan¢ was fitted to ensure the fioor is protected for the
future. There was repainting in the back yard arKI general Maintenan￿ atteThJed to. It was agreed that the
lift could be refurfoished rather than ￿PlaCed. with work due In earty 2025.

KENNAWAY HOUSE TRUST
REPORT OF THE TRusfEES
FOR THE YEAR ENDED 31 DECEMBER 2024
SVA arKI The Heritage Lottery fund have been approxhed for help wlth fuThJiThJ.
A thank you to the House Manager arKI staff fcy their hard bwrk to ensure arth successful year at
Kennaway House. Also, the small barmd of volunteers who provide essential aSSistsn￿ at events.
CIAL
Total incoming resour￿ In the UnrestrKted Fund for the year to 31 D&ember 2024 arrrt)unted to £114,251
(year ended 31 December 2023 £109,537).
Generdl fu￿1 experKIlbj￿ amounted to £132,265 (year end&1 31 D￿ernber 2023 £113,272).
The Charity £(241,848) (year ended 31 Decemlxr 2023 £(229,926)) in its gewal fund at the year
endal 31 December 2024. This accountiThJ deficit arose, as a result of s￿nIficant experrtlItu￿ Incur￿ on
the rerK)vation of the Kennaway House buikJiThJ whith ended in tr* year to 31 D￿ernber 2009. The general
fund, tcwher wlth the property revaluation resen￿ and the Ca￿al fund, as shown on the balan￿ sh4
shows an overall totsl charity furnl amount of £1,208,152 (year end&J 31 Decanber 2023 £1,226,166).
In January 2015, East Devon District CourKil agreed with the Tntst that for five years 2015 to 2021, no
Interest payment would be requIr￿1 on their loan. In&ead, five years, interest woukl be 'rolled up" arKI
become due for payment In 2034, aknrKJ with trt prlncSpal ￿ the k)an.
We have continu&l to make Interest pay￿nts on the k)an contacbj EDDC to try and exteThl the tern)
and redu￿ interest or have It ca￿lled. There has Stlll been ￿ resp)nse so this wlll be pursued in
2025.
As at 31 December 2024, cash at bank a￿1 In harKI hekl try trt charity wa5 £118,122 (31 December 2023
£132,245), with a healthy net current assets ￿Vre of £92,743 (31 December 2023 £109,274).
The purposes of the different types of funds are explairEd In the accountlr¥J kx)licies as shown in the
financial statements.
Notes 19 and 20 to ￿ financial stst￿￿ts provkle further expiarkltion.
Reserves policy
It is px)licy of the charity to maintsin IiquKd reserve5 at a level whlch quates to appmxlmatety 3 months
of Unrestric￿ expenditure. This provKles SUI￿nt furKls to cover managemen¢ administration and support
The charity has a defidt In the gerwdl fund, whkh resulted fr(xn the Inltlal restcxakn w)rk on Kennaway
House. Tr trustees and staff are workiThJ towards the defidt year on year and to Smprove the
FufuRE PLANS
We alm to CDntinue pr￿n0t1￿￿ the ccynmunlty use ￿ the House onjantse nK)re fvndratsing everts of our
own. FacetKx>k arKI Instsgram cOntIn￿ to ￿ usefijl marketiThJ too15. Generdl rna1ntenan￿ is orNJoirKJ.
Rlsk management
The Trustees have wt In pl￿e a r￿k manag￿nert strategy whth cxjnwtses:
An annual ￿leW of the risks that charity may f
MaintsiniTrJ the systems and pr￿jur&S to mibgate those r
DurSThJ 2024 tr￿ TnLStees continueA to meet regularty to er6ure Ca￿ of the finarK2S, maIntenar￿e where
requlred arKI the succtssful runnirKJ of the Iv)use arKther year.

KENNAWAY HOUSE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Kennaway House Trust is a company limited by guarantee, IncortMy3ted on 14th January 2008 and
governed by its Memorandum and Artles of Assodatk)n. Tr Charity Commission registered it as a charlty
on 6th February 2008.
The guarantors of the company are Its meM￿rs. each of Wh￿ urKlertakes to contribute £10 in the event of
the charty winding up. The first M￿n￿r5 ￿tre trE team worked from 21X)I to 2008 to raise £1 million
to restore the house; others may apply to bec￿ members of the company.
The Trustees are elected by the members at the Annual General MeetirvJ (or any general meeting).
Members may propjse and second a meml*r for election, in writing and circulated to all members one
rnonth ￿fOre the meetirKJ.
Trustees are elected for three years, at the e￿1 of whlth tlw may reti￿ or stand for rtrelection. The
Articles of Association require that one third of the Trust￿ sfrKJuld reti￿ at an AGM. The Board has the
K)wer to CCrOPt a Trustee In between AGMS, but he or must retire or stand for rtr*tion at the next
AGM.
Chainnan Is elected annually by Board of Trust￿. to serve for one year.
The Board of Trustees administW5 the charity arKI bi-monthty. I￿liVIdUal Tnts may take
restx)nsibllty for a particular of the administration. The ￿rd appoints the Manager to manage the
day.tO-day 0[￿ratiOnS of the charity with trE autI￿lty delegated by the Trustees for operatlonal matters
including finan￿. The Premiw Manager/Caretaker ￿p￿rtS to trE Manager of Kennaway House.
DADM
Registered Company number: 06471831 (England and Wales)
Registered Charity number: 1122667
Patron of the Kennaway Gallery:
Presldent: Michael James MBE
Vlce Presldent: Jackie Street-Palmer
Mrs A M Young (Chair)
Mrs J Bayliss
Rwcox
M L James MBE
S M Williams
Mrs L M Williams
P Smith (to February 2024)
Mrs L McFall
Kennaway House Manager: Nicola Dawkir6
Caretaker: Rupert Moon (from Awll 2024)
Registered Office: Kennaway House, Coburg Road, SKlmth, Devon, EXIO 8NG
Independent Examlner: Merlin Accountancy Services Ltd. 2rKI Flcor, 33 Longbrcx)k Stree¢ Exeter, Devon
EX4 6AW

KENNAWAY HOIISE TRusr
REPORT OF THE TRUSTEES
FOR ThE YEAR ENDED 31 DECEMBER 2024
Solidtors: GlI￿rt Stephens. 36 Hlgh Stre< Sidmouth, Devon, EXIO 8ED
Bankers: HSBC Bank PLG Fore Stre¢ Sklmouth. Devon, EXIO 8AA
CCLA Investment Managernen¢ Senator House, 85 Qu￿n WKtoria Stree¢ LorKknn, EC4V 4Er
United Tntst BanK l Ropemaker Stre< Loth, EC2Y 9AW
Ststement of Thistees, RespOn￿￿1￿e5
As a small charitable company, this re￿ ts prepar￿1 In ￿t0[dan￿ wSth the knll Companies Reglme
under the Companies Act 2006.
C(xnpany Law ar￿ Charity Law requires the Trust￿$ to &yepa￿ finarKial ststements for each financial
perth, which glve a true arnl fair voew of trE . 'ate of affairs of the c(xnpany and the profft or loss for that
perfc<l. In preparing those fina￿la1 Slat￿nents ..* Trustees a￿ r4ulr&l to:
Select suitsble aCC(￿nti￿j ￿lIcIeS and then apply them C(y￿lsten￿.
Make j￿Igments and estimates that are reasonable and pnthnt;
Prepare the finandal statements on the going concern basis, unless it is inappro[￿te to
presume that the company will continue to operate;
State whether the rdicies adopted are In accordan￿ with the charities SORP, the regulations
made under S44 of trE char￿e$ Act 1993 and with applioble accounting starKkrds, subiect to
any material departures dlsdcwl a￿1 explainal In Financial Statements.
The Tnts are reswnslble for keeplng proper accounting records. which disdose with reasonable
accuracy at any tlme the financial positKJn of the chaiity afKI enable ttrEm to ensure that financial
statements compty with the Ccxnpanies Act 2006, arKI in accordan￿ with the Ststement of Recommend&J
Pract1￿ (SORP 2005). The Tristees a￿ also responSi￿e for safeguandlng the assets of trE charity and,
hen￿, for tsking reasoroble steps for ￿ Ixeventknn and detth of Tra￿1 otlw Irregulalit￿.
In accordano with company law, as ￿ comparfs DIrectO￿. cerufy that:
So far as we a￿ aware, there is rK) reknnt infomth of whth the companYs Independent
Examiners are unaware, and
As the Directors of the companyi we have tsken all the steps that we ought to have taken In
order to make ourselves aware ￿ any relevant infornth and to estsblish that the charity's
IndekEndent Examiners are awa￿ (rf that Inf0M￿tIOn.
This rewrt has been prepared in accordan￿ wlth the s￿1 prOV￿nS of Part 15 of the Companles Art
2006 relating to small companies.
Approved by order of the board of trust￿ on ..............
and sigrEd on Its behaff by:
Mrs A M Young - Trustee

INDEPENDEKf EXAMINER'S REPORT TO THE TRusfEES OF
KENNAWAY HOUSE TRUST
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent examineVs report to the trustees of Kennaway House Trust {'the Company.)
I rep3rt to the charity trustees on my examination of the accounts of the Company for the year ended
31 December 2024.
Responslbllltles and basls of report
As the charity's trustees of the Company (and also its directors for the pjrpxs of compary law) you are
responsible for the preparation of the accounts in 2£cordan￿ with the requirements of the Companies Act
2006 ('the 2(XJ6 Art).
Having satisfied myself that the accounts of Company a￿ not required to be a￿lted under Part 16 of
the 2006 Act and are eligible for independent examination, I rep)rt in ￿SpeCt of my examination of your
charity's accounts as carried out under Secbon 145 of the Charities Att 2011 ('the 2011 ACV). In carrying out
my examination I have followed the DI￿tionS given by the Charity C(Thmission under Section 145(5) (b) of
the 2011 Act.
Independent examiner's statement
I have completed my examlnatlon. I confinn that no matters have come to my attentlon In connectlon wlth
the examination giving me cause to ￿leVe.
accounting records We￿ not kept in respect of the CL¥npany as required by *tx?n 386 of the 2006
the accounts do not accord wlth tse records. or
the accounts do not c(xnply with the accounting requIre￿￿nts of Secuon 396 of the 2CK)6 Act other
than any requirement that the accounts give a t￿￿ and fair view whth is not a matter considered as
part of an independent examIr￿tiOn. or
the accounts have not been prepared in accordarKe with the methcds and prinaples of the Ststement
of Recommended prattl￿ for accounting and re￿)rtIng by charities (applicable to d)arities preparing
their accounts in accordan￿ with the Fir￿nCIal ReE￿INj StarKJard applicable in the UK a￿1 Republic
of Ireland (FRS 102)).
I have no contrrns have come across no otrtr matters in connection with the examination to which
attention should be drawn in this re￿￿ in order to enable a understanding of the accounts to be
ached.
G M Corby Bsc FCA
Merlin Accountarq Services Ltd
2nd Fbor
33 LongbrcM)k Street
Exeter
Devon
EX4 6AW
Date: ......

KENNAWAY HOUSE TRUST
srATEMENT OF FINANCIAL ACTIVMES
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Unrestricted
funds
2023
Total
funds
INCOME
Donations and legacies
1,169
Charitable actlvlties
Centre for the arts, leamlngi h￿tage and
events
106,153
107,317
Total
114 251
EXPENDMIRE
Ralslng funds
21,175
23,265
Charltable actlvlties
Centre for the ats, learnlng, trtritage aThl .
109,452
87, 188
Other
Total
132 265
113 272
NET INCOMEI(EXPENDrnIRE)
(18,014)
(3,735)
RECONCIUAnON OF FUNDS
Totsl funds brought forward
1,226,166
1,229,901
TOTAL FUNDS CARRZED FORWARD
1208 152
1226 166
COPMNUING OPERATIONS
All Income and eX[￿lture has arisen from contsnui￿ activitsts.
The chaiitvs only activity is the wovlsion (* Kennaway HcKtse as a centre for the arts, knrnirrtJi heritage and
events.

KENNAWAY HOUSE TRUST
BALANCE SHEEr
AS AT 31 DECEMBER 2024
REGIsfERED CHARrrY NUMBER: 1122667
2024
Unrestrlcted
funds
2023
Totsl
fvnds
FIXED ASSETS
Tangible assets
12
1,454,446
1,455,929
CURRENT ASSErs
stocks
Debtors
Cash at bank and in hand
13
14
15
932
6,942
118 122
895
2,416
132 245
125,996
135,556
CREDrroRS
Amounts falling due within one year
16
(33,253)
(26,282)
TOTAL ASSEfs LESS CURREpir
LIABILMES
1,547,189
1,565,203
CREDITORS
Amounts falling due after more than one
year
17
(339,037) {339,037)
NEf ASSETS
1208 152
1226 166
FUNDS
Unrestrirted funds
19120
1208 152
1226 166
TOTAL FUNDS
1208 152
1226 166
The charitsble company is entitted to exemption from audit under Section 477 of the Companies Act 2006
for the year ended 31 December 2024.
The members have not requi￿ company to obtain an audit of ts financial statements for the year
ended 31 December 2024 in accordan￿ with Section 476 of the Companies Art 2006.

KENNAWAY HOUSE TRUST
BAIANCE SHEEf . contlnued
31 DECEMBER 2024
STT r
The tsustees ackrnwledge their resw)nsibilibes for
(a) ensuring that the charitsble company keeps &counting r&wds that c(Thply wlth *tions 386 and
387 of the Qxnpanies Att 20L￿ and
(b) preparing financial statements whKh give a tsue arKI fair view of stste of affairs of the charitable
company as at the end of each finandal year arKI of its surplus or deficit for each financial year in
accordan￿ with the requirements of Sections 394 and 395 and whith othe￿1$e cornply with the
r4uirtynents of trE Companies Act 2CK)6 relatirKJ to financial stst￿nents, so far as applicable to the
charitsble company.
These finanaal statements have been prepared In accordan￿ wth the wovlslons applicable to charitsble
companres subject to the small companies regime.
The flnandal sts
ts were approved ty the E4)ard of Trust￿5 arKI authorised for issue on
. .i..4 ...... and were SNJn￿ on ￿ tehaff ty:
A M Young - Trustee
10

KENNAWAY HOUSE TRUST
NOTES TO THE FINANCIAL sfATEMEpirs
FOR THE YEAR ENDED 31 DECEMBER 2024
COMPANY sfATUS
The charty is a company limited by guarantee a￿1 has no share capitsl and 6 registered in England
and Wales. The company was irKorporated on 14th January 2008, and the charities registered number
arKJ registered Offf￿ address can be found within the Reference and AAlministration details on page 5
- 6 of the financial ststements.
The members of ￿ company a￿ the trust￿ are also ordinary m￿nbers. In the event of the
charity being wound up, the liability in respect of tr￿ guarantee is limited to £10 per member of the
charty. A list of these membw5 can ￿ found in the Referen￿ and Administration details as shown
on page 5.
sin￿ 31st
D￿antser 2017, the Trust￿$ of the tharity changed its name from Kennaway House
Limited to Kennaway House TrusL
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charttable company, which is a publlc benefft en￿ under FRS 102,
have been prepared in accordan￿ with Charit)es SORP (FRS 102) 'Accounting and Reporting by
Charities: Ststement of Recommended Practice applbcable to chartties p￿paring their accounts in
accordan￿ wlth Financial ReFx)rting Stsndard applicable in UK and Republic of Ireland (FRS
102) (effective l January 2019),, Finanaal Re￿rtir￿j Stsndard 102 The Financial Reporting Standard
applicable in the UK arKI Republlc of I￿land, and the Companies Act 2006. The financial statements
have been prepared urKler the historical cost convention.
In drafting these financial statements, charity has also tskes thantage of the exemptions for
smaller charities contsin&J in Charity Commission publicakn CCI7.
The finanaal statern￿ts are presented in pou￿1 sterting (£) which is the chartty's furKtional and
pre*ntstion currency.
Kenrkiway House Trust rek￿ed a net deficit in the re￿irV￿ peri(Kl of £18,014, with totsl funds held
at the end of the pericml of £1,208,152. Of total fvnds, £(241,848) was held in the General
Fund.
The deficit is financed by a loan which has a current balarKe of £339,037. This loan is not due to be
repaid until 2033134.
The trustees a￿ of the view that, on ts al￿ve basis, the charity is a going Con￿rn.
Kennaway House Trust is rellant on the kKal communty to continue purchaslng its Servi￿ and the
econcvnic outtool cuts in public spending, and reduced levels of available funding, a￿ a potential
area of financial Un￿rtaInty for the charity.
Income
All income is rec(xJnised in the Statement of Flnancial P£tlvities On￿ the charlty has entitlement to
the funds, it is probable that the In(￿ will ￿ received and the amount can be measured ￿lIablY.
The charEVs only athlty is the provis1(￿ of Kennaway House as a ￿ntre for the arts, leaming,
heritsge and events.
Legacies are rec(yJnised by refereft￿ to the date probate is granted, or If later, as s(K)n as they are
capable of being measur￿1 in financial tern￿.
Grants of a general nature are rec(*Jnised as voluntary income.

KENNAWAY HOUSE TRUST
NOTES TO THE FXNANCIAL sfATEME14TS- contlnued
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUPMNG POLICIES - contlnued
Expendlture
Liabilities are r￿(￿JnI5ed as expeThJiture as scKJn as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic beneffts will be
required in 5etUernent and the amount of the obligation can be measured reliabty. Expenditure is
accounted for on an accruals basis has been dassif*d under headings that aggregate all cost
related to the category. whe￿ costs cannot directly attributed to particular headings they have
been alkrated to thlues a basis consistsrt with the use of resour￿.
The Unrestrfcted FurKI 15 Used for cost of generatiru funds, l.e. fundraising costs and loan
interest, on chaiitable activities such as runniNJ costs of the buildiThJ, stsff costs and exFEnses, and
setup costs towards ￿.restoratIon ￿ts¥l￿e$. Governar￿ o￿ts are set out In note 8.
Resour￿ eyrKled IrKI￿le attrilKtsble VAT which cannot be rec(Nered.
Tangible flxed assets
Depreciation Is provided at the following annual rate5 In order to write off each asset over its
estimated useful life.
Stocks are valued at tr￿ lo￿ of cost and net reallsable value, after maklng due allowan￿ for
obsolete and slow movlng items.
Taxat1(
The charty Is exempt frfffi coryKJration tax on Its charitable athities.
Fund accountlng
Unrestritted funds can be us&1 in accordan￿ with the charitable objectives at the discretion of the
Restricted funds can only be used for pathlar re5tntt￿ purposes within obJe(ts of the charity.
Rtstrictions artse wkEn 5pedf&l by the dofW or when furKls are ralsal for particular restrlcted
puryx)ses.
Further explanatkn of the nature arKI purFM)se of each is indud&l In ￿ notes to the financial
Operatlng leases
The lease of the ptrthcopier s dassifEd as an operati￿j lease, the tiue of tr* eq￿Ipn￿nt remainlr¥J
with the lessor arKI rentsl charges charged on a strdight lirE basls over the term crf the lease. £1,200
was pald in the year on Operating Lea*s.
Flnandal Instruments
Kennaway House Trust only has financial assets arKJ finar￿la1 liabilities of a kind that qualify as basic
finanaal instruments. Baslc flnancial instruments a￿ initially recognised at transaction value and
subsequenty measured at their setuement value with the ex￿ption of bank loans which are
subsequentty measured at aniJrUsed cost uslThJ the eff￿tive interest methcxl.
Finanaal assets, indudes trade recelvables, cash aTKI balan￿ investrnents are recognised
at transactlon value.
Financial Ilabilitses, indudes trade payables a￿1 rec(xJnised at transactlon value. Trade
payables are obligabons to pay for gcKxJs and services required from suppliers In the course of
12

KENNAWAY HOUSE TRusr
NOTES TO THE FINANCIAL sfATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2024
Accou￿riNG POLICIES - continued
Operatlng leases
Kennaway House Trust onty has financial assets and firkincial liabilitses of a kind that qualify as basic
finanaal instruments. Basic financial instruments are inttially rec&3nised at transaction value and
subsequently measured at their setuement value with the eX￿ption of bank k>ans which are
subsequenty r￿Sured at amortised cost usir¥J the effective interest rneth￿.
. Financial assets, indudes tTade receivables, cash and balan￿ and investments are recognised at
transaction value.
- Financial liabilities, indudes trade payables aNI remgnised at transactx)n value. Trnde payables are
obligations to pay for gcKxas a￿1 services requir￿ from suppliers in the COU￿ of business activitses
Volunteers and Donated Servlces and Fadlltles
The value of services provided by volunteers is not incorrx)rabJ into these financial statements.
DoNA￿ONs AND LEGACIES
2024
2023
Donations
Legacies
Friends subsaiptions
2,178
INVEsfMEKf INCOME
2024
2023
Investment Income
INCOME FROM CHARITABLE ACTivfTIES
2024
2023
Room hire
Bar sales
Craft and music events
Art sales
Miscellaneous income
60,613
22,986
12,445
1,450
64,535
20,884
10.374
353
107 317
RAISING FUNDS
Other trading actlvltles
2024
2023
Fundraising, cost of grants donations aThJ events
Interest payable and similar charges
10,402
11,540
13

KENNAWAY HOUSE TRusr
NiyfES TO THE FINANCIAL STATEMEIITS. contlnued
FOR ThE YEAR ENDED 31 DECEMBER 2024
CHARrrABLE ACTlVtTIES cosrs
Supt
costs (
rM)te 8)
Di
Totsls
c￿tre for the arts, learning,
heritage events
109 452
Other resources expended
Centre for the arts, leaming, heritage
and events
1,638
sUp￿rt costs, induded in the alx)ve, are as folkms:
2024
2023
Centre
arts,
leamlng,
arKI
Totsl
Totsl
NEf INCOME/(EXPENDrnIRE)
Net Incrf(exwKliture) is Stst￿ after thargi￿1(a?dltln9).
2024
2023
10. TRusfEES' REMUNERATION AND BENEFrrs
There were rx) trust￿5, rwnuneration or other tmeffts for the year eThJed 31 D￿lber 2024 nor for
the year ended 31 DeC￿ber 2023.
There were no trustees. expenses pald for tr￿ year endal 31 December 2024 nor for the year ended
31 December 2023.
14

KENNAWAY HOUSE TRusr
NOTES TO THE FINANCIAL sfATEMErirs- continued
FOR THE YEAR ENDED 31 DECEMBER 2024
11. srAFF cosrs
2024
2023
Wages and salarles
The stsff costs retate to the salaries paid to the full time Prdnises Mana9er and 2 part time staff who
help the manager wÈth the runnirKJ of Kennaway House, with their National Insuran￿ and Pension
costs. National Insuran￿ costs are currently covered by HRMCS Employment Allowan￿ of £5,000.
The Key manageM￿t Personnel of Kennaway Hou* is the Premises Manager.
The average monthly number (* employees during the year was as follows:
2024
2023
Staff
No employees recelved ￿r￿)1￿ments in excess of £60,(MX).
12. TANGIBLE FIXED ASSErs
F￿re5
and
property FumishiThJs fittings
Computer
equipment
Totsls
cosr
At l January 2024 arml
31 December 2024
1523 335
DEPRECIATION
At l January 2024
Charge for year
20,177
191
45,437
1,792
139
67,406
At 31 December 2024
NEf BOOK VALUE
At 31 December 2024
574
416
At 31 t)ecember 2023
765
555
1455 929
Freehold Propty: Kennaway House is shown at a survey￿5 rwdluakn of April 2022.
15

KENNAWAY HOUSE TRusr
NOTES TO THE FINANaAL sfATEMEiifs- contlnued
FOR THE YEAR ENDED 31 DECEMBER 2024
13. STOCKS
2024
2023
932
895
14. DEBTORS: Amoupifs FALUNG DUE WMIIN ONE YEAR
2024
2023
Trade debtors
4,076
566
15. CASH AT BANK AND IN HAND
2024
Totsl
funds
2023
Total
funds
Cash in hand
Bank account ￿. I
Bank deposit account
276
98,117
51,552
Totsi
118 122
132 245
16. CREDrroRS: Amourirs FALUNG DUE WrnIIN ONE YEAR
2024
2023
Other loans (￿ note 17)
Trade creditors
ScKial securlty and other taxes
Other CTeditors
15,713
15,713
1,869
1,750
2,883
1,475
6,802
17. CREDITORS: AMouKfs FALUNG DUE AFfER MORE THAN ONE YEAR
2024
2023
0￿r loans (see note 18)
339 037
339 037
Thls Interest only loan is secured against the Kennaway House propety by way of legal charge. The
interest rate for this loan is 4.19%. The loan is due for ￿paY￿t in 2033134.
16

KENNAWAY HOUSE TRUST
NOTES TO THE FINANCIAL STATEMEpifs . contlnued
FOR THE YEAR ENDED 31 DECEMBER 2024
18. LOANS
An analysis of maturity of loans is given below:
2024
2023
Amounts falling due within or£ year on demarKI:
Other loans
Arnounts fallirnj due In more than five years:
Repayable otherwise than by instslments:
Other loans more 5yrs rK)n-Inst
339 037
339 037
19. MOVEMEpif IN FUNDS
Net
ment
in furKIs
At
31112124
At 111124
Unrestricted funds
General fund
Capital FurKI
Property Revaluatk)n Rserve
(229,926)
506,092
(11,922) (241,848)
(6,092)
500,000
1226 166 1208 152
TOTAL FUNDS
1208 152
Net movement in furKls, includ&1 In the alx)ve are as follows:
IncomirKJ Resources Movement
resour￿ expended in fUr￿S
Unrestricted furKIs
General fund
114,251
(132,265)
(18.014)
TOTAL FUNDS
114 251
The General Fund has been established to maintsin liquid reserves at a level which equates to
approximately 3 months of unrestrktted expenditure. This woukl provKk sufficient funds to cover
management, administration and suptK)rt costs.
The Capital Fund and the Revaluation Reserve Is value of designated funds ￿presented by the
freehold propety owned by charty.
17

KENNAWAY HOUSE TRusr
NOTES TO THE FINANCIAL STATEMErirs- continued
FOR THE YEAR ENDED 31 DECEMBER 2024
20. ANALYSIS OF NET ASSEfs BEtWEEN FUNDS
Genernl Deslgnated Totsl Funds Total Funds
Fund
Funds
Asat
Asat
31 Dec 2024 31 Dec 2023
Tangible FIX￿ Assets
Current Assets
Current Liabilitles
Long Term Liabilttie5
1,450,(KJO
1,454,446
125,996
(33,253)
(339,037)
125,
(33,253)
(339,037)
1,455,929
135,556
(26,282)
(339,037)
{241,848)
1,450,(X)O
1,208, 152
1,226, 166
21. RELATED PARTY DISCLOSURES
TTr￿ were no relat￿1 party trdnsa(tsns ts the year e￿ 31 D￿ember 2024.
18