The Holfords of Westonbirt Trust
Charity No. 1124066
Company No. 06035589
Company Limited by Guarantee
Trustees, Report and Unaudited Accounts
31 August 2024

The Holfords of Westonblrt Trust
REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
Contents
Page
Charity Information
Trustees, Annual Report
Independent Examiner's Report
ststement of Financial Activities
Summary Income and Expenditure Account
io
Balance Sheet
11
ststement of Cash Flows
12
Notes to the Accounts
13

The Holfords of Westonbirt Trust
TRUSTEES, ANNUAL REPORT
The trustees are pleased to present their report together with the financial statements of the charity
for the year ending 31 August 2024.
Reference and Admbnlstrative Detalls
Charity Number:
Company Number:
Registered Office:
1124066
06035589
The Holfords of Westonbirt Trust, Westonbirt House. Tetbury,
GSoucestershire, GL8 8QG
Grosvenor House, Building 23 - D Site, Kemble Airfield, Kemble,
Cirencester, GL7 6BA
Barclays Bank, 28 Market Place, Cirencester, GL7 2NP
Accountants:
Bankers:
Directors and Trustees
The Directors of the charitable company (the charity) are its Trustees for the purpose of charity law
and throughout this report are collectively referred to as the Trustees.
The trustees serving during the year 2023-24 were as follows:
Mrs Sophie Scruton
Chairman
Mrs Annabella Scott OBE
Vice Chair
Mrs Natasha Dangerfield
Headmistress and CEO
Mr Marcus Galea
Mr Simon Tomlinson
Mr Charles Ralph
Mrs Angela Potter
Mr Richard Boggis Rolfe OBE
Resigned 13 September 2023
Mr Ross Sharpe
Mrs Belinda Bradley
Appointed 23 November 2023

The Holfords of Westonbirt Trust
TRUSTEES, ANNUAL REPORT
Structure, Governance and Management
vernin
Doc
ment
The Holfords of Westonbirt Trust is a charitable company limited by guarantee, government by its
Memorandum and Articles of Association dated 21 December 2006 and registered with the Charity
Commission. (Charity Registered Number 11240661
ointment of Trustees
The Articles of Association stste that the maximum and minimum number of Trustees may be
amended by the Charity at an Annual General Meeting but unless amended the minimum shall be
three and the maximum 16. It is further stated that the number of Trustees connected with
Wishford Schools shall not exceed 40% of the total number. Of the nine Trustees only one, Mrs
Dangerfield as Headmistress, was connected with Wishford Schools. One third of the Trustees retires
by rotation each year but may be re-elected Trustees.
Any new Trustee is given all relevant documents (including the Memorandum and Articles of
Association and the most recent Annual Report and Accounts). Trustees are referred to Charity
Commission and other relevant guidance about the responsibilities under charity and company law.
Or
anisation
The Board of Trustees administers the charity. The Board holds plenary meetings three times a year.
Committees are formed to deal with particular events or needs as required. Currently these are:
The Executive Committee
The Garden Committee
Fundraising
The day-today activities of the Trust at Westonbirt are managed by the Heritage Officer, whose role is
to implement and co-ordinate the development activities of the Holfords of Westonbirt Trust, with
oversight from the Headmistress. Activity and decisions required are reported with regularity to the
Executive Committee.
Related Parties
The Charity has a close relationship with Westonbirt School and has held a lease on the gardens from
the School since the Trust's inception. The School was sold to Wishford Schools Ltd in June 2018 and
the leases on the garden remain with HO￿￿, with a reversion to Wishford Schools.
The Trustees manage risks to the Charity by reviewing annually the risks the Charity may face, and by
esLiblishing procedures to lessen the identified risks so as to minimise the impact on the Charity if
they should materialise. A key risk for the Charity is the Safeguarding of students in the premises
during periods when the House of Gardens are open for visitors. The Charity works closely with the
School and their Designated Safeguarding Leads to ensure this risk is minimised at all times.

The Holfords of Westonbirt Trust
TRUSTEES, ANNUAL REPORT
ectives an
ivitie
The objectives of the Charity are:
To protert and preserye for the benefit of the public and the nation, Westonbirt House and
Gardens and the Eststes previously in the ownership of the Holford family in the County of
Gloucestershire and the Holford Heritsge associated therewith.
The Trust continues to work within its guiding principles which are:
The Trust will work to ensure that the various, separate aspects of Westonbirt today- the
house, the gardens, the estates and the Arboretum- are considered as a whole, the owners
working in partnership whenever possible to respect the Holfords, wider vision.
Westonbirt's Sustainability will depend on an ability to accommodate the changing values of
the 21 century without compromising its value for future generations.
The conservation, and where necessary restoration, of Westonbirt should preserve and
evoke Robert Stayner Holford's original ambition to represent the most impressive skills of
his dav.
Westonbirt should be treated as a place of valuable cultural and educational resource-
including archaeological, scientific and historical material - worthy of preservation and
interpretation to the fullest Possible degree.
Westonbirt should make its resources available to as wide a public as possible and the Trust
will work to ensure that his is achieved through a variety of media and an increased number
of open days.
Conservation Works and Historic Research
Building conservation works over the last 12 months have included the completion of the repairs to
the chapel porch, miscellaneous stone repairs in the gardens and the reinstatement of several of the
missing stone louvres in the chapel bell chamber. The latter work included the installation of new
anti-pigeon mesh to prevent birds nesting in the tower.
The other main capital work undertaken thi5 year was phase l of the Westonbirt Centenary Tree
project. This comprised the planting of 25 native trees in Senior Meadow to replace those lost over
the last 100 years or so. The project also included the provision of metal tree guards and a one year
maintenance regime and guarantee.
The tree planting (funded by Ho￿￿) was carried out by Deeper Green Tree Services in conjunction
with the school's Estates Officer, Barry Mitford. The repair and restoration works to the chapel and
gardens were overseen by the Trust's Project Manager, Chris Rice. The contractor for the chapel bell
chamber and other miscellaneous garden stone repairs was Adam Daybell.

The main gardens continue to mature and are nurtured by the volunteers who all seem to be
wonderfully invested in maintaining the borders. We have been able to get the gardens
'wedding-ready' and 'Netflix-ready' with greater ease than in previous years thanks to this.
The Coronation Rose beds, an area of the garden which we renovated during the winter of 2022,
began to take shape with structure, scent and a long flowering period thanks to the addition of
herbaceous plants and bulbs during 2023. We now have a border which flowers almost continuously
from March to December where before there were just some straggly roses.
The aquatic planting in the lake has matured and we now have many flowering waterlilies, irises and
kingcups which add summer interest for visitors, and landing platforms for dragonflies and other
insects.
The plants in the camellia house continue to recover and thrive in the light created by the removal of
the old gym building. It is quite incredible to see, year on year, how much better the Shrubs bloom
there.
Visitor Marketin
and Promotion
As always a House and Gardens promotional leaflet was produced for 2024 as our primary means of
marketing. 20,000 copies of the leaflet were printed and distributed to tourist information centres
and other public venues across the region.
The website also continues to work well both as a means of promoting the site and for booking
tickets (via Eventbritel for our open Sundays and garden tours.
In addition to the website and the promotional leaflet the Heritage Officer and the Project Manager
also post regularly on Facebook. This not only enables us to reach a wider audience when promoting
our public events but also allows us to highlight the history of the site and the conservation works
that we do. Popular posts included date stones, the chapel bell tower and the origin of the Tetbury
Stepsl In April 2024 in conjunction with the school we hosted 3 very successful lecture entitled
'Beauty will save the world, by Justine Kolata along with an evening garden tour.
In 2024 we held five open house and garden days and delivered numerous guided tours of the
gardens. Sadly the July 2024 open house and garden had to be cancelled due to Netflix filming on the
school site.
As with last year we now offer monthly public guided tours during the summer months, including
one free event as part of the national Heritage Open Days in September. We also continue to
welcome private group tours by appointment.
Staff and Volunteers
Once again we are indebted to Jo Baker for overseeing the smooth running of the Trust and the
efficient administration of all of our tours and open days. Alongside Jo our head gardener Alix Chalk
continues to perform miracles in the gardens which seem to look even better every year and we also
are deeply indebted to Chris Rice our project manager who guides much of the restoration work the
Trust supports.
This team is supported by two sets of brilliant volunteer5. Alix's garden volunteers undertake a wide
range of invaluable work in the gardens. whilst Jo's guides deliver all of the tours of the house on our
popular summer open Sundays and also for groups who visit at other times during the year.

The Hollords of Westonbirt Trust
ThusrEES' ANNUAL REPORT
By order of the Trustee5
Mrs Sophle Scruton
Chairman
20 Marth 2025

The Holfords of Westonbirt Trust
Report of the Independent Examiner to the Trustee5 of the charitable company on the accounts for the
year ended 31 August 2024
I report to the Trustees on my examination of the financial statements of the charitable company on
pages 9 to 21 for the year ended 31 August 2024 which have been prepared in accordance with the
Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective I. January 2016} as
modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by
Charities) 2015, las amended by the Bulletin issued in February 20161, (The SORPI, published by the
Charity Commission in England and Wales ICCEWI, and under the historical cost convention and the
accounting policies set out on pages 13 to 16.
Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report
As described on pages 3-6, you. the charitable company's Trustees, who are also the Directors of the
Company for the purposes of Company law, are responsible for the preparation of the financial
statements in accordance with the Companies Art 2(NJ6, the Charities Act 2011 and all other applicable
law and with United Kingdom Generally Accepted Accounting Practice. applicable to smaller entities. and
for being satisfied that the financial statements give a true and fair view.
The Trustees consider that the audit requirement of Section 14411) of the Charitie5 Act 2011 {the Act)
does not apply, and that there is no requirement in the memorandum and articles of the charity for the
conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the
Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476
of the Companies Act 2006. As a consequence, the Trustees have elected that the financial statements be
subject to independent examination.
Having satisfied myself that the financial statements are not required to be audited under any legal
provision, or otherwise, and are eligible for independent examination. it is my responsibility to:
examine the financial ststements of the charity under Section 145 of the Art;
follow the applicable procedures in the Dirertions given by the Charity Commission under section
14515}Ibl of the Act.
Basis of Independent Examiner's Statement and scope of work undertaken
I report in respect of my examination of the charity's financial ststements carried out under 5145 of the
Act. In carrying out my examination. I have followed all the applicable Directions given by the Charity
Commission under section 145151{bl of the Act setting out the duties of an independent examiner in
relation to the conducting of an independent examination. An independent examination includes a review
of the accounting records kept by the charitable company and of the accounting systems employed by the
charitable company and a comparison of the financial statements presented with those records. It also
includes the consideration of any unusual items or disclosures in the financial statements, and seeking
explanations from you, as Trustees, concerning such matters. The purpose of the examination is to
establish as far as possible that there have been no breaches of charity legislation and that, on a test basis
of evidence relevant to the amounts and disclosures made, the financial statements comply with the
SORP.
The procedures undertaken do not provide all the evidence that would be required in an audit. and
information supplied by the Trustees in the course of the examination is not subjected to audit tests or
enquiries and does not cover all the matters that an auditor would consider arriving at an opinion.

The Holfords of Westonbirt Trust
The planning and conduct of an audit goes beyond the limited assurance that an independent
examination can provide.
Consequently, I do not express an audit opinion on the view given by the financial statements, and in
particular, l express no opinion as to whether the financial statements give a true and fair view of the
affairs of the charity. and my report is limited to the matters set out in the statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the independent
examination are achieved and before finalising the report, l obtained written assurances from the
Trustees of all material matters.
Independent Examiner's Statement, Report and Opinion
Subject to the limitations upon the scope of my work as detailed above, I have completed my examination
and can confirm that..
The accounts of the charitable company are not required to be audited under Part 16 of the
Companies Act 2006:
This is a report in respect of an examination carried out under 145 of the Act and in accordance
with the Directions given by the Charity Commission under section 145{5llbl of the Act which
may be applicable;
And that no material matters have come to my attention in connertion with the examination
giving me cause to believe that in any material respect-
accounting records were not kept in respect of the charity as required by Section 386 of the
Companies Act 2006 and Section 130 of The Charities Act 2011:
the financial records do not accord with those records- or
the financial statements do not comply with the applicable requirements concerning the form
and content of accounts set out in section 396 of the Companies Act 2006 other than the
requirement that the accounts give a 'true and fair, view, which is not a matter considered as
part of an independent examination:
have not been prepared in accordance with the methods and principles set out in the FRS 102
50RP1Statement of Recommended Prartice for Accounting and Reporting by Charities) 2015, las
amended by the Bulletin issued in February 20161. (The SORPI.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial
statements to be reached.
Signed:
Timothy William Brown FCCA- Independent Examiner
Chartered Certified Accountant
Grosvenor House Practice Ltd
Building 2A- D Site
Kemble Airfield
Kemble
GL7 6BA
This report was signed on 20 March 2025

The Holfords of Westonbirt Trust
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 August 2024
Notes
Current year Current year
Unrestricted
Restrirted
fvnds
funds
2024
2024
Current year
Prior Year
Total funds Totsl funds
2024
2023
Income and endowments
from:
Donations and legacies
11,040
11,040
16,288
Other trading activities
17,322
17,322
16,288
Investments
2.992
2,992
957
Total Income
31,354
31,354
33,533
Expenditure on:
Raising funds
Charitable activities
(85.3501
(85,3501
(92,5961
Other
16131
(6131
(6741
Total Expenditure
Net gains on investments
Net income/(expenditure)
Transfers between funds
Net income/(expenditure)
before other gains/(losses)
(85.9631
185,9631
(93,2701
io
16
154,609)
154,609)
(59,737)
154,609)
154,609)
159,737)
Other gains and losses:
Net income/{expenditure)
after other gains/(losses)
{54,609)
{54,609}
159,737)
Reconciliation of funds:
Total funds brought forward
166,228
88,912
255,140
314,877
Net movement in funds
34,303
188,912)
(54,609)
(59,7371
Total funds carried forward
2tM),531
200,531
255,140

The Holfords of Westonbirt Trust
SUMMARY INCOME AND EXPENDITURE ACCOUNT
For the year ended 31 August 2024
2024
2023
Income
28,362
32,576
Interest and investment income
2,992
957
Gross income for the year
31,354
33,533
Expenditure
(85,808)
(93,1151
Interest Payable
Depreciation and charges for
Impairment of fixed assets
(155)
{1551
Total expenditure for the year
185,963)
193,270}
Net incomellexpenditurel before tax
For the year
(54,609)
(59,737)
Net income/(expenditure) for the year
54,609
59,737
io

The Holfords of Westr•nblrt Trust
BALANCE SHEEr
at 31 Auzust 2024
Comparry P40. 116035589
2024
2023
Flxed Assets
Tangible assets
Current Assets
Debtors
Cash at bank and In hand
12
262
417
13
20,315
181.585
201,900
{1,631)
2LX).269
200.531
18,452
245.262
263,714
18,9911
254,723
255,140
Creditors: Amount falling dve wlthln one year
Net current assets
14
Total assets less current Ilablltles
Credltor5: Amounts falling due after more than ¢￿e year
The totsl net assets of the ¢harfty
200.531
255.140
The total net assets of the charlty are funded bythe funds of
the th*lty, as follow
Restrlrted funds
Restricted R￿nue funds
16
88,912
88,912
Unrestrlcted funds
Unrestrirted Revenue funds {general fun(ts}
16
2IXJ,531
200,531
166,228
166.228
Reserves IDesl8nated fund5)
16
Totsl tharlty fund5
200,531
255.140
These accounts have been prepared in accordance with the speaal prowsions of Part 15 of the Companies
Act 2￿6 relating to srnall companies.
For the year ended 31 August 2024 the company was entided to exemption under section 477 of the
Companie5 Art 2006 ￿latingtO small wmpanies.
The members have not required the company to obtaln an audit in accordance with section 476 of the
Companles Art 2006.
The directors acknowledge their responsibiltties for complying wlth the requirements of the Companies
Act 2006 with respect to accounting records and the prepardtion of accounts.
Approved by the board on 20 March 2025
And signed on its behalf by..
Mrs Sophie Scruton
Chairman
li

The Holfords of Westonblrt Trust
STATEMENT OF CASH FLOWS
For the year ended 31 August 2024
2024
2023
Cash flows from operating activities
Net income/(expenditure) per Statement of Financial Activities
(54,609}
159,737)
Adjustments for:
Dividends, interest and rents from investments
Depreciation of property, plant and equipment
Decrease/{increase) in trade and other receivables
Increase/ldecreasel in trade and other payables
(2,992)
155
1957)
154
17,499)
11,1271
{1,594)
{7,629)
Net cash provided by/{used in) operating artivities
166,6691
{69,1661
Cash flows from investing activities
Dividends, interest and rent5 from investments
Purchases of property, plant and equipment
2,992
957
Net cash from investing activities
2,992
957
Net cash from financing activities
Net increase/ldecrease) in cash and cash equivalents
163,6771
168,2091
Cash and cash equivalents at the beginning of the year
245,262
313,471
Cash and cash equivalents at the end of the year
181,585
245,262
Components of cash and cash equivalents
Cash and bank balances
181,585
245,262
181,585
245,262
12

The Holfords of Westonbirt Trust
NOTES TO THE ACCOUNTS
For the year ended 31 August 2024
l. Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts
in accordance with the Financia l Reporting Standard applicable in the UK and Republic of I reland
IFRS 102) (effective l January 20151- (Charities SORP {FRS 102}}, the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting)
since last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds
These are available for use at the discretion of the trustees
in furtherance of the general objects of the charity.
These are unrestricted funds earmarked by the trustees for
particular purposes.
These are unrestricted funds which include a revaluation
reserve representing the restatement of investment assets
at their market val ues.
These are available for use subject to restrictions imposed
by the donor or through terms of an appeal.
Designated funds
Revaluation funds
Restritted funds
Income
Recognition of income
Income is included in the Statement of Financial Activities
ISOFAI when the charity becomes entitled to, and virtually
certain to receive, the income and the amount of the
income can be measured with sufficient reliability.
Where income has related expenditure the income and
related expenditure is reported gross in the SOFA.
Voluntary income received by way of grants, donations and
gifts is included in the SOFA when receivable and only when
the Charity has unconditional entitlement to the income.
Tax reclaims on donations and gifts Income from tax reclaims is included in the SOFA at the same
time as the gift/donation to which it relates.
These are only included in income Iwith an equivalent
amount in expenditure) where the benefit to the Charity is
reasonably quantifiable, measurable and material.
The value of any volunteer help received is not included in
the accounts.
This is included in the accounts when receivable.
This includes any gain or loss resulting from revaluing
investments to market value at the end of the year.
This includes any gain or loss on the sale of investments.
Income with related expenditure
Donations and legacies
Donated services and facilities
Volunteer help
Investment income
Gains/llosses} on revaluation of
fixed assets
G3ins/llosses) on investment
assets
13

The Holfords of Westonbirt Trust
NOTES TO THE ACCOUNTS
Expenditure
Recognition of expenditure
Expenditure is recognised on an accruals basis. Expenditure
includes any VAT which cannot be fully recovered and is
reported as part of the expenditure to which it relates.
These comprise the costs associated with attracting
voluntary income, fundraising trading costs and investment
management costs.
These comprise the costs incurred by the Charity in
the delivery of its activities and services in the furtherance
of its objects, including the making of grants and governance
costs.
All grant expenditure is accounted for on an actual paid basis
plus an accrual for grants that have been approved by the
trustees at the end of the year but not yet paid.
These include those costs assOC13ted with meeting the
constitutional and statutory requirements of the Charity,
including any auditlindependent examination fees, costs
linked to the strategic rnanagement of the Charity, together
with a share of other administration costs.
These are support costs not allocated to a particular activity.
Expenditure on raising funds
Expenditure on charitable
activities
Grants payable
Governance costs
Other expenditure
Taxation
The charity is exempt from corporation tax on its charitable activities.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the
Statement of Financial Activities. No depreciation is provided in respect of investment properties.
This treatment conflicts with the requirements of the Companies Act 2006 that all properties
should be depreciated. The directors consider that, because these properties are not held for
consumption, but for their investment potential it is necessary to adopt the requirements of the
FRSSE in order to give a true and fair view.
Intangible fixed assets and amortisation
Intangible fixed assets {including purchased goodwill, patents and trademarks) are carried at cost
less accumulated amortisation and impairment losses.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are
recognised at fair value which is the amount the charity would have been willing to pay for the
items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount
offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
14

The Holfords of Westonbirt Trust
NOTE5 TO THE ACCOUNTS
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and
other short-term highly liquid investments with original maturities of three months or less and
bank overdrafts. In the statement of financial position, bank overdrafts are shown within
borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are
shown net of bank overdrafts that are repayable on demand and form an integral part of the
company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are
recognised where the charity has a present obligation resulting from a past event that will
probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors and provisions are normally
recognised at their settlement amount after allowing for any trade discounts due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of
the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the
rate of exchange on the date that the transaction occurred.
All exchange differences are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of
ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are
classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value
at the inception of the lease or, if lower, at the present value of the minimum lease payments. The
corresponding liability to the lessor is included in the balance sheet date as a finance lease
obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation
so as to achieve a constant rate of interest on the remaining balance of the liability. Finance
expenses are recognised immediately, unless they are directly attributable to qualifying assets, in
which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease
term. In the event that lease incentives are received to enter into operating leases, such
incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a
reduction of rental expense on a straight-line basis.
15

The Holfords of Westonbirt Trust
NOTES TO THE ACCOUNTS
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is
a pension plan under which the company pays fixed contributions into a separate entity. Once the
contributions have been paid the company has no further payments obligations. The
contributions are recognised as expenses when they fall due. Amounts not paid are shown in
accruals in the balance sheet.
The assets of the plan are held separately from the company in independently administered
funds.
2. Company status
The company is a private company limited by guarantee and consequently does not have share
capital.
3. Statement of Financial Activities- prior year
Unrestricted
funds
Restricted
funds
2023
Total funds
2023
2023
Income and endowments from:
Donations and Legacies
Other trading activities
Investments
16,288
16,288
16,288
957
16,288
957
Total Income
33,533
33,533
Expenditure on:
Raising f unds
Charitable activities
Other
Total expenditure
92,596
674
92,596
674
93,270
93,270
Net income/(expenditure) for the year
Transfer between funds
Net incomel{expenditure) before other
gainslllosses)
(59,7371
159,7371
(59,737)
159,737)
Other gains and losses:
Net movement in funds
(59,7371
159,737}
Reconciliation of fund5
Total funds brought forward
Total funds carried forward
225,965
166,228
88,912
88,912
314,877
255,140
16

The Holfords of Westonbirt Trust
NOTES TO THE ACCOUNTS
4. Income from donations and legacies
Unrestricted
funds
2024
Restricted
funds
Total funds
Total funds
2024
2024
2023
Donations
Totsl Donations and Legacies
11,040
11,040
11,040
11,040
16,288
16,288
S. Income from other trading activities
Unrestricted Total funds
funds
2024
Total funds
2024
2023
Visits to the house and gardens
Hire of gardens
7,322
10,000
7,322
10,000
6,288
10,000
Total
17,322
17,322
16,288
6. Income from investments
Unrestricted Totsl funds
funds
2024
Totsl funds
2024
2023
Bank interest receivable
2,992
2,992
957
Total
2,992
2,992
957
7. Expenditure on raising funds
Un￿striCted
funds
2024
Restricted
funds
2024
Total funds
Total funds
2024
2023
Costs of generating voluntary income
Donations
Total
17

The Holfords of Westonbirt Trust
NOTES TO THE ACCOUNTS
8. Expenditure on charitable artivities
Unrestricted
Restricted
funds
2024
Total
funds
Total
funds
funds
2024
2024
2023
Expenditure on charitable activities
Conservation, education and research
Support costs- landscaping and planting
Support costs- administrative overheads
Governance costs
Audit and accountancy fees
13,979
63,450
3,801
13,979
63,450
3,801
69,565
14,310
4,862
4,120
4,120
3,859
Total
85,350
85,350
92,596
9. Other expenditure
Unrestricted
funds
2024
Total
funds
Totsl
funds
2024
2024
Amortisation, depreciation, impairment, profit/loss
on disposal of fixed assets
General administrative cost5
155
155
458
155
519
458
Total
613
613
674
10. Net income/(expenditure) before transfers
2024
2023
This is stated after charging:
Depreciation of owned fixed assets
154,609}
(59,7371
11. Staff Costs
No employee received emoluments in exce55 of £60,000.
18

The Holfords of Westonbirt Trust
NOTES TO THE ACCOUNTS
12. Tangible fixed assets
Heritage
assets
Fixtures,
fittings and
equipment
Total
Cost or revaluation
At I September 2023
At 31 August 2024
Depreciation and impairment
At I September 2023
At 31 August 2024
6,797
6,797
48,990
48,990
55,787
55,787
6,797
6,797
48,573
48,728
55,370
55,525
Net book values
At 31 August 2024
At 31 August 2023
262
262
417
417
13. Debtors
2024
2023
Trade debtors
VAT recoverable
Prepayments and accrued income
8,137
10,315
18,452
20,315
14. Creditors
Amounts falling due within one year
2024
2023
Trade creditors
VAT
Other creditors
Accruals and deferred income
1,362
269
3,359
2,876
2,756
8,991
1,631
15. Creditors
Amounts falling due after more than one year
2024
2023
Other creditors
19

The Holfords of Westonbirt Trust
NOTES TO THE ACCOUNTS
16. Movement in funds
Incoming
resources
Atl
(including
other
gains/losses)
Resources
Transfers
At31
September
2023
expended
August
2024
Restricted funds:
Restricted income funds:
Other
Wishford Schools
Lake
86,912
186.912)
Heritage Lottery Fund
2,OtK)
(2,000)
Total
88,912
188,9121
Unrestricted funds:
General funds
Revaluation Reserves:
166,228
31.354
{85,963)
88,912 200,531
Total funds
255,140
31,354
(85,963}
88,912 200,531
Purposes and restrictions in relation to the funds:
Restricted funds:
As the Heritage Lottery Fund application has lapsed, the restricted funds have been released into
the pool of unrestricted funds.
17. Analysis of net assets between funds
Unrestrirted
Funds
Restrirted
Funds
Totsl
Net current assets
200,531
200,531
200,531
200,531
18. Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital, so no single party controls the
companv.
20