REGISTERED COMPANY NUMBEFi' 04641883 (England and Waes) REGISTERED CHARITY NUMBER. 1127071 UDITED FINANCIAL STATEMENTS D3 2025 SEVERNDRO Cabe Ford Williams Chartered Accountants Building 1063 Comforth Drive Kent Science Park sittingboume Kenl ME9 8PX
OGCA ATIO rENTS OF THE F L STATEME Pago Reportof the Tru8t88S I to 6 Indep8nd8nl ExanIn$ Rgport Slatement of FlnKlaj Actlvltles Balance She 9 to 10 18S to the Flnancld Sta1*nts 11 b 21
STLEBU ERVATION REPORT OF THETRUSTEE FOR THEYEAR ENDED 31 K4RCkl& The trustees are also directors of Ihe charity lor the purposes ol the Companies Acl 20(. presenl IheSr report th the financial statements ol the charity for IIE year etKled 31 March 2025. The trustees have adopted the provisions of Accounting and ReFK>rting by CharilEs.' Statement of RQMMended Practi applicable lo charities preparing their accounts in accordan with the Financial Reporting Stand8rd applicable in the UK and Republtc of Ireland IFRS 1021 leffecliv81 January 20191. OBJECTIVESANDACTIVITIES Oblve8 and alms Sevemdroog Castle Building Preserwalion Trust ISC8Pn Is a company limiled by guarantee and a registered charily. The objects of the charity are lo prOle Ihe education of the public by preserving for the benefit ol the people of the London Borou9h of Grnwh and ol the nation, the historical, architectural and constructional herit4e of the buildirvJ known as Sevemdroog Castle, a gmje 2 listed buildiro. ofActlvllles The SCBPT has overseen a successful year al the cast with slroro visitor numbers, a number of well attended events hekl ar ongong sucLess for the tea r(yJm. Furthennore, the SCBPT appointed three new Iruslees lo continue lo enham the experience and skills ol Board and offset the gnation ol three Trustees who n&ded lo step away lo focus on other priorities. The current Board expresses their deep gratitude to those former Tnjslees, all of whorn made a tremendous contribution to t Casde. DuriThJ the year, a new Visitor SeNices Superwsor {FLd and Beverage) was recwiled and immediately settled in and has done a supetb job CntinUing IIE htgh staThJards ol servi(£ and fd and beverage offering embedded by th8 fomierwojpanl of this role. The Board 18 ako extrenEty grdteful lo Christina Jackson tho wa5 appowild during the year as Events SuFerwsor lyjl has aLso undertaken a broader range of tasks and respoasibilrties as she has yovkled cover for the vacant Vlsitor Setvrces and Sile Man4er ro as the Board sought lo evaluate that role and assess that is needed lo best Serve the Caslks adivilies. As discussed in last yeaes reFOrt. the operati5 ol the tea room were brought 'ln truSe. at the start of the 2023r24 nancial yea¥. The Ille1 is now well established and the Trustees have ken delvJhled wlh how Ihe revised approach lo the tea room is pYIng out. The Castle is looking f(wtsrd lo the future as it contillLkS lo ottrate the tea room and has a varied and eiling programme ol events and community engagefflenl ahead. Page1
STLE B MB ERVATION TR END OBJECMVESANDACTivrriES R8¥1 of AclSvltles Visitors.. SCBPT usualty opens the rn&n rcKThs and viewing platform lo tllembers of public each Sunday Ihroughout most ol the year and this was the th8e throughout the 2024125 financial year wlh exception ol the standard winter dosure. We were with Ihe visiloi numbers receNed which were broadty consislenl 1th the previou5 yeaf. W8Jdiros.' a number of held thr weddings al the Castle during the year. the buSkling proving to be a picturegjue setting for each special (C8S1On. The ddIng package, reforrnulaled during the prior year lo simplrfy our ofler arKI lo ensure the dingS generate appropriate funds for the SCBPT while bdancirKJ the impact on the cast,5 empbyees I volunteers, the fabric of the Castle and our ability lo operate all other aspects ol the Castle's aclivilies, has continued lo prove popular and has proved lo be well aligned to the aims ol the refomiulation. The lea rcorn.. lollowng the lerminalR)n ol the con1 Imlh Terre Catering towards the end of 22123, tea rcK>m s operated by the SCPBT Ihroughoul the 2024125 financial year giwng put1 access lo the gtrjund floor and outsKle Coutyard. The offering has )ntinued lo prove popular th an attractive range ol food and drinks aVailae lo cuslorners. Feedbad( from our custonrs has en consislenlly wsilwe and. due lo the hard work and MMItt efforts ol both the VEsilor SeNies Supemsor (Fl and Beverage) who served during year and a nurnLer of enlhusia51ic casua staff and vdunteers. We lake this opwrtunty lo thank the learn, our de1htful customers and our Iru51ed suppliers. Events and activities.. the SCBPT was deliJhled lo host a number ol well allenda events this year includiNJ the ever popular music 'Lales', street fl evenings, three theatre cornpany events, a Christmas wrealh making workshop and, perhaps most popular olall,'Sanla at Sevemdroco., FInans.. whilst more fu1tydescrib in the financial review, the SCBPT has made a defial Ihis year. FundraBing.' the Trustees conlinue lo evaluate furKlraisirrfJ Strateg5. T1 SCBPT are grateful to all those who generou51y made a donalk)n lo the Castle durirKJ the year. Historical context ol t1 Castle.. the SCBPT continues to examine its historical links io the E& lThgia Ccfflpany and regular5y assesses, for exarnle, the InformatJn trM)ards in the Casle's public areas. Volunteers, the SCBPT relies on a brillilnl grwp ol volunteers who enthusiasti¢alty SUPFOrt with all asperls of the Castle's activities and operalK)r Twslees.. a nutllber ol Trustee meets'rS were hekl throughout the year. Three new Trustees, bringiro skills and experience from their outsKle roles joined the Board. We were sa to say gooNJbye lo Ihree IfU51ees, who in eombinalion had provided 8.5 years of Servi to Ihe Castle. We Ihank them all for their hard work and Iyedicalion and wh Ihern well with Iheirfuture etKleaVoU. Fabric.. Trustees, as aays. ntinuc to monit(K and rnainlan the fabric of the Castle. Towards the end ol Ihe sxevious financial year, the SCBPT, Wong with our insurers, rnrnend some inveslKJatory works lo consider some CrkS Ihal were Klenlif1& in the external and intemal walls of the Castle. Those inveskn'galions, including ongoing levels. Monitorn9 lo asses5 how the bu11ng is moving, are ongolng and Ihe Trustees wll Carefully consider any tecommendalions of any reThwJpal workonce they are reIved. Comrnunity.. the SCBPT continues lo prritIse tdenlfying new ways to irLrease the Castle's links with Iwal ¢(mrnunity groups. P4e2
E BUILDING REGISTERED NU.M_BELQ4641 UST REPORTOF THE R THEYE4R ENDED RUSTEES 1 MARCH 2025 (JEcVEs ANDACTivmES Publlc B)efll The Iruslee5 confimi that they have Comled wlh the dulles in Section 17151 of the Charilles Act 2011 to have due regard to Ihe Charity Cornmission's general guid on publ benefit, We have referr1 lo the guidarte in Charity Comrni%sion general guidance on public benefrt when reviewing o aims and ofy'eclives and in planning our future aclivities. In particular. the trustees consider how anj &tivities wll conlribule lo the aims and rt)iectives that they have sel. ACHIEVEMENTS AND pERFoNcE PLANS FOR THE FUTURE TFE Tmslees remain committ&l to placing Castle on a loro le 9jsla1nae financial fooliro lIst ensuring that it remains an attraclvjn for local people to enFiy, Such an approach wll enable il to Theel Its charitaile objectives and remaln an asset which the local comrnunty can enjoy. The rrent lea room arrangenEnls the stronger Inco stream they generate than the arrangenIS previously in place. an enhanced projramme ol events and the reforrnulalEQ wedding offer are desiqned lo ensure the Casue will Incre its cash TeseNes are expected lo enhance our tevenue generating cwty in the future. FINANCIAL REVIEW ngnclal po6lllon For the financial year ended 31 March 2025. activities ai the Castle gave rise lo incnme of £122,875. This was lower than in the year ded 31 March 2024 dw to VAT having lo arLounled for on income sIaM8 such as events and the tearoom. Donations were again gener(KJS al £1,384, for which th8 Ttee8 would Ike lo express their gratitude lo those who supported the Castle dursn9 the year. We were plead wilh the number ol visito[5 to the Castle and the income this general&J and we hekl a go( nurnber of weddings olher events. Total employee 51S (IrlUdIng Lx)th permanent and casual workers) were a little bil knwer than the previous year as were the costs ol purchasiro stock and other sUpplS for the tea room due lo carefu1 stock management. Ulililies and trisurance costs increawj. Reserves were depleled due lo the VAT that is now due on certain Iorne streams. The Trustee5 are peful that those nveSt*nts wll generate revenue for the SCBPT lor several years lo come. The Trustees continue lo focus on the SCBpfs long lemi financial statAlily and recconise this Ss not a simple task bul are determined. with our many suptmjrters arKI partners. lo ensure that the Castle is a cnmrnunily asset that can enjoyed by the local cornmunily for many years to COM8 Inctsme for the year eThled 31 March 2025 ani)unled lo £122,87512024'. £137,774), and expendIlu arrthnled lo £137,95312024.' £141,144), The charitable tlItieS in the year are detailed in nole 5. As a resutt of Ihe atove movements, a def11 01 £15,07812024.' deficit of £3.3701 was rep)rted for the year. Furtds eArried forward lolal £11,16612024.. £28,264>, of which £13,411 12024.. £14,491) are r&slrKterl funds and £12,225) 12024.. £11,773) are unrestricted funds. The challly exceeded Ihe VAT registration threshold in the year a1 have had lo account for output VAT C its rekvanl income streams. Page 3
ERVATIO Gl DED 31 MA FIMINCIAL FIEWE IIAserv6s pollcy Resetves are required lo cover the winter FerDd when Ihe building Is closed and a further amount ID alow for fluctuations in both visitor and event incorne. The Imslees consider the Lgtter lo IR the Major short lemi risk to the Trust and hen il consNJers that funds equivalenl lo five rrK)nlhs' worth of core. recurring and non-dis¢relionary costs should be held against such a possSbility. In total, a reserve of £17.5[ is considered reasonable. Trustees will negj to consider lW trading activities can be altered lo build reserve levels. &)Ing concern After making appro[ale enquir5, Ihe Twstees have a reasonable expectation that the charitable company has adLNuate resources lo Contin in operats'onal existen for foreseeable future. The Trustees wll seek a till lo pay arrangernenl from HMRC rcgardiro the VAT that is due and wll review actiwlies and lJuSt priciro levels lo ensure the conlinued liability ol the Twsl. For this reason, they continue lo adopt the going conrn basis in preparing the financial statements. Further delaiLs regardSng the adoption of the going coeM basis can LE found in Accounti PoliCs. 4TERiAL INVESTMENTS POLICY Investment activities are managed in line wrth the requiretnenb of the Trustee Act 20tY). The Trustees, having wJard lo the liquidity reqU1MentS of operating the charty and lo reserves tK>licy. wll operale a policy of keeping available funds in interest bearing deFosiI accounts. STRUCTUR4 GOV&gNANCEAND MAMGEMENT verning do¢ument The charity is controlled by its goveming dccutllenl, a deed of Irusl, aThJ constitute5 a limited company, limited by guarantee, as defin1 by the Companies Ad 26. Charlty conslltutlon The company is limited by guarantee 8nd is registered in Eng&nd and Wales {CiJmpany Regislralion Number 046418831, and is a reglslered charity, number 1127071. The charills goveming document is a moradM of Asswialion daied 3 November 2(K12, atKI subsequently amended on 18 June 28, under whh the charity Is c$1111ed. RKrultment appolntment of n8w tru8188S The manag8fflenl of the c(Nnpany Ss the responsibility of t1 Trustw th are elected and cwpted under the terms of the ArtiCS ofA8socdk)n. The governing document wescrlbes that Ihere shall be a minimum ol three trustees and a MamuM ol Iwelve. Al every Other Annual General etEr¥j ol members, one third of IIE trustees sliall retire Iforn office, kino IfKJse with the longest se. The ieliring Iruslees shall be elKJible for reoledion, except il they have failed wthoul gcyjd rea$ to attend 25'k or tTh)re of the Iruslee eetIngS over the period of their appoinlmenl. They shall be entitled lo sland l(x eCtion al a subsequent Annual General Meeting. In selecting Iruslees, the charity must have regard lo the sknlls, kned and exenCe needed for the effective adminislralion of the charity. Page 4
ILDING PBESERVLION UST REGISTERED REporOF E TRUSTEES R TllEXELR.ENED 1 MARCH.2 STrUcTu GOVERMNCE AND N1GEMENT orglSatIOnal sliuctur8 8nd lSIon malng The Board Es organised so Ihal the Trustees meet regulaty to shate and monitor the work ol Sevemdroog Castle Building Presetvation Trust. Any Ihtee Tfuslees rnay instruct the Secretary al any tiffle lo ca15 a meeting. Decisions are made by a simple rnaiority of voles cast al a rneeling. In Ihe case of an equalty of voles, the person who chairs the meelirrfJ shall have a second or c&%ling vole. No dlS1)n shall tk taken al 8 meeting unless a quorum Is present. A quorum is four Iruslees. Indu¢tlon and tralnlng of tTUSlee8 The chartly makes available to each new Trustee, on or before his or herfirsl appoilllnEnL' al A o)py ol the current ve[Sn ol the ArtKles olAssocialion,' and bl A copy of the charily's lalesl Trustees, annual reFQrt and statement 0[Unts Training is maje avaiLqble lo Trustees when Nuired. Rlsk magement The Trustees have a duty lo idenlrfy arKi review the risks lo whlch Ihe charity is 8xposed and lo ensure appropriate controls and mitigation strategies are in pla. The Truslees have assessed the major risks lo which the charity is exposed, those related to the operations arKI finances ol the cotnpany and are satisfied Ihal systems and pr(Kedures are in place lo rniligale our exposure to the major risks. The key iisks facirKJ the charty relate lo the operalron of the tea-room and 1 meeting the planned revenue generation, building a sufficient revenue base lo meet Lyjre (L)sls, and ensuring sufficienl funds are available for any investment in the fabric of the building. Conlrds a h pl lo provmle reasonaNe assuran *Jainst fraud error. REFERENCEANDADMINISTRATIVE DEfAILS Rtor&I cmpY number 04641883 (England and Wales) R8glsl8r8J Charlly numb 1127071 Reglstered offlce SeverrKlroog Cast Shwlers Hill Lotyjon SE18 3RT Page 5
SEVERNDROCG CASTL G PRESERVAT USTEE 1 MARC FO ENDED Ttee5 M T Bright J A G(M)de RARHafez E SneY {reS3n 31,8,241 K E Winsdl (resig[ 28.2.251 D Wilkinson B Johnson ISIgned1.s.24l Y B Kuska JAMyal A J Nickson (Chairl lapwinled 2.5.241 S Callerall-YourKJ lappointed11.12.241 D Cracco lappoinled 6,11.241 N PickeriThJ lappointed 25.6.251 R Roberts lappoinled 2,4.251 Ind6P8ndent ExnIner mcca Ford WillaMS Chartered Acwuntsnts Building1063 Cornlorth tlive Kent &ence Park Sittingbjurne Kent ME9 8PX This port has tEen prepared in aCCordae wlh the spelaal provish)ns of Part15 of the Compan5 Act 2006 roL41ing to small cornpani8S. Approved by order ol the board ofthjslees on Dec 19, 2025 . and s[gn Its behalfby.. D Wilkinson- Trustee Pe6
EPENDE SEVERND STLE BUILD TRUST VATION Independent VAamln8V8 report to the tnJste8s of S8v*ndroog C83tie Bulldlng Pres8Tvatlon Trust cthe comp) I r8POrt lo charity trLL8lees on my exarnination ol the alwunts of the Ccffipany for t1 y8ar ended 31 March 2025. Responsibilltl89 8nd basis of r8port As t1 charily's INslees of the Company land also 115 directors for the purposes of company lawl you are Te¥(Jnsible for the preparalkjn of the aCclnts in accordan wlh requirements ol the Companies Act 20061'lhe 2006 ACVI. Havi satisfd tnyself that the cnts of Ihe CoThpany are nol required lo be aLK8iled under Part 16 of the Act arKY are eligible for indepeleTrI examination, I retK)rt in respect of my examinalion ol your charills COUnt5 as carri& out under Section 145 of the chare$ Act 2011 Cthe 2011 Act). In carrying out my examination I have followed Ihe Cireclions given by t Charty Commission under Seclion14951 Ibl ol 2011 Act. dependent examln8rt8 statement I have cornpleled ffly exafflinalK)n. I confim that m rnatters have come lo my attenlron in connection with Ike exarninalion giving me cause lo believe.. accounting records were not kept ill respect ol the Company as required by SeCtn 386 01 Ihe 2(MAAcl; or the accnunls do not a(Ord with those records,. or the aLtounts do not comply with &counling requirements of Section 396 of the 20[6 Act other than any requirement that the ac£ounts give a tnE and fair whh is not a matter consklered as part ol an independent exarninatv)n' or the accounts have nol been prepared In aCcOrdae ¥th the melhths a wnoiples ol the Slalemenl Recommend Praclie lor aLYounling and retKJrting by charities (applicab lo challties preparing theSr accounts in accordance with the Financid Repjrting Standard applicable in Ihe UK and Republic of Ireland IFRS 10211. I have Th) rKer a1 have corrE across no other mallers In conwtion ¥wlh Ike examination lo which attenlto S)uld be drawn in thi% report in orderlo enable a proper understanding ol the coun& lo te reached. Clair RaYr Mccabe Ford Williams Chartered Accountants Building1063 Comlorth Drive Kent Science Park SlttingtrKurne Kent ME9 8PX Date.. Dec 19, 2025 Page 7
BUILDIN MON ATEMEMfoF TINGAN INCO 31.3.25 Toial funds 31.3.24 Total funds Unreslricted fund Restrict funds Notes INCOMEAND END0s FROM EbnalnS aThJ14&ies 4,467 4,967 7.235 Charftable 1VItIeS Preserwdtion of Sevemdroog Castle 109,403 11YJ,403 118,e80 Othef trading aclivil Investment Ino)me 7,985 520 7,985 520 11,332 327 Total 172,375 5(XJ 122,875 137,774 <PENDrruRE ON Charllable tltIeS Preservation ol Sevemdr(M)g Castle 136,373 137,953 141,144 NEf INCOMEI{EXPENDITURE) {13.998} 11,0801 115,0781 13,3701 RECONCILIATION OF FUNDS Total funds broughlforward 11,773 14,491 26,264 29,634 TOTAL FUNDS CARRIED FORWARD 12,2251 13,411 11,186 26.264 The notes fomi p1 ol IIEse financrdl statements Page 8
E BUILDI ERVATto ST 31.3.25 31.3,24 Notes Tangible assets 12 2,980 2,901 CURRE ASSErs Debtors Cash al bank and Mi hand 13 7,835 41,707 3,561 30,079 49,542 33,640 CREDITORS Amounts falling due one year 14 141,3361 110,2771 NEf cuKgw ASSErs 8,206 23,363 TOTAL ASSETS LESS CURRW LIABILITIES 11,186 26,264 NEfASSErs 11,186 26,264 FUNDS Unreslrtcled funds Restricted funds 16 12,2251 13,411 11,773 14,491 TOTAL FUNDS 11,186 26,264 The charitabte company is entitled lo oxemptK)n from awlil under Seclon 477 of Ike Companies Act 2006 for the year eed 31 Mafch 2025. The members have not requiied the company lo obtain an audit of its financial slalernents for the year erxled 31 March 2025 accordan hwlh Sp£tion 476 01 the CoMpanS Acl 2(K)6. The Iruslees knOwledge their restx)nsibilities for la} ensuring Ihal the Charitab wmpany keeF6 lJnIlng records thal cixnply with Sections 386 and 387 01 the Companies Act 20(6 preparing financial siatements which give a true and far vW of the slate of affairs of the charitable company as at the end ol each financial year and of ils surplus or def41 for e&h financial year in accordan bmth the requirements ol Se£lions 394 and 395 and which otheiSe cornply wlh Ihe requirements ol the Companies Act 20C6 relating lo financial stalemenls, so far as applicable lo the charitabk company. Ib} The notes lom part of these financial Slateffnts Page 9 continued...
IBEZD NUMBER, E SHEEf- con Inu&l These financial slalemenls hav8 been prepared alrde with Ihe provisions applKatAe to charilabte companies subjeLI lo the stllall (y)mpanies regime. The financial statemenis were approved by the Board of Trustees aN1 authorised for issue on Dec 19, 2025 . and were svjned on its behalf by: D Wilkinson- Trustee The notes form part of Ihese financial statentS P4e10
TIO TRUST ESTO NCL ACC(XJNTING POLICIES Bagls of preparlng th&flncla statements The finarKial slalemenls of the Charitable company, whlch Is a pU1C benefll enlily under FRS 102, have been prepared in accordance wlh the Charities SORP IFRS 1021 'Accounling and Reporting by CharilEs'. Slalemenl of Recommended Pr&itce appIable lo charities preparing their xcounls in accordance with the Finarti Rewrting Standard applicable in Ihe UK Republtc of Ireland IFRS 1021 leffeclive 1 January 20191,, Flnancial Reporting Standard 102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland, and the Cornpantes Act 20t6, Tr finala1 slalements have been prepared under the hIstoral o)sl convention. The presentation currency used in the weparalion of the aCunIS is £GBP. Company staus The charitable cornpany is a Lx¥npany limrfed by guarantee. which is regLslered in Engla a1 Wales, wlh the company number 04641883. The companls regtered office is Severndroog Caslle, Shooters Hill, London, SE18 3RT. The members of the company are the Trustees named on page 1. In the event of the company being Wou1 up, the Irabilily in respect of the guwanlee is limited lo £1 rkr memberof the company. Incom8 All income is reLY)9nised In the Slaternent ol Financial Activities 0e the charity has entilement to the income, it is probable that the Inco wll be receiv aThJ the amount can ie ffleasured l?bly. Voluntary inLx)me receivable by any way of d(atnS is inGluded in lull in the statement ol final when receivable. Grants are crelliled lo the stalernenl olfinancial &livilies when received or receivable hver is earfier. vwnment grants Govemmenl grants are recognised when the perf0mnCe Telaled ¢ondrtk)n8 imposed upon the 1p1 of the grant have teen Tnet, Where these a have not en salisfied, these grants are recognised as liabilitEs. If grants are not conditional on lulure perf0rrnan related conditio[, then inLX)me reccmjnised when the granl proceeds are re1vable During the year Ihe charity r1Ved Govemtnenl grants in the form ol the Emphymenl Allow. This grant is sh)wn within note 2 of the financial statements. E¥pdItUre Liabilities are recogntswj as expenditure as soon a% there is a legal or conslruclive oblallOn (ommilting the charily lo Ihal expelIre, il is probable that a transfer of economic benefits wll be required in se11ment and the amount ol the obligalioll can be measuied reliably. EXpeilure is CoUnted lor an rUaS basis and has tEen classified under adingS that aggregate all cost related lo the category, Where costs cannot I directly atlribuled to particular hethings they have been allocated lo adivities on a basis conststenl with IfE use of resources. C*btor8 Trade at¥J olherdeblors are r09n1 at Ihe settlement amount after any trade discount offered. Tgibler a8s8ts DeFKeCiati( i8 provKled at the following annual rates in order to Mle off e&h et over its estimated useful lrfe. Page11 continued..,
Tru IAL ENT EY ACCOUNTING POLICIES-contlnuwJ Tanglble fixed as8et8 Fixtures and frttings on co81 CroJltor8 Creditors and provrsions are reC(yJlled there the charitable c(ffiy has a wesenl obligation re5utting frcffl a past event that wll probably result in the transfer of funds lo a third party and the amount due lo settle the oblvJalion can be aSured or estimated reli?bly. CredrfL(Ks atKI prowsions are normally rnIs 8t the Settment affK)unl after alk)wng lor any trade discounis due. Taxation The charity is exempl from rnpordlion lax OD ils charitable actNities. Fund &counllng Unrestricted funds can be used in aCcOrdae with t1 charitable obj8CtiV8s at the discretion of the Irusle85. Resiricted funds can only be used for partru18r reslrided purposes within oty'ects of the charity. Re51rtctions arsse spe&fRd by the donororwhen luTrls are raised lor partiular restricted purposes. Futher eXanatiOn of the nalure and pUrSe ol each fund L5 Included in the notes lo the financial Statents. Penslon costs and oth p08t-retlrement bendlts The charitable company opefftles a defined c0nllltr1KJrn tEnslon scheme. Contributions payable lo the charitable c(Nnpanls [kn$i scheme are charged lo the Staternenl of Finanaat Activrties in the period io whh they relate (lng concern After making atpropriale enquSrfes, the TnL8lees have a reasonaNe expectatk)n that the charitable compary has adequate resOUS lo continue Sn Operati(al existen f(K the IcKeseeat4e future. For this reason IbEy C(lIn to 0p1 ts gyjing concem basi5 in prepafing the finanual statements. DOMTIONS AND LECACIES 31.3.25 31.3.24 Donalons Grants 1,385 3,582 3.032 4,203 4,967 7.235 Grants reNed, hduded in the atA)ve, are as follows.. 31.3.25 31.3.24 Othergrants 3,582 4,203 Page12 ¢onlinued...
LEB TION EST E FINAN EYEI TATEMENTknLnu DED 31 MARCH 2025 OTHER TR4DING AcfMTIES 31,3.25 31.3.24 Casue hire 7,985 11,332 INVESTMEKf INE 31.3.25 31.3.24 Dewjsit account inleresl 520 327 INCOME FROM CFL4RrrABLEACTMTIES 31.3.25 31.3.24 AdNIIy PSerValk)n ol Severndroog Cast VisitLY incotne 109,403 118.880 CHARITABLEACTMTIES COSTS Supwi costs Isee note 7) Direct Cosls Totals Presetvation of SeverThJrcog Castle &3.355 84,598 137,953 SUPPORTCOSTS )vemance costs Management Totals PreserVatn ol Severndrw Cast 80,249 4,349 84.598 Support costs, Ir1thed in the above, are as follo.. 14em8nt 31.3.25 Preservation ol Severndroog Castle 31.3.24 Total ad1v1t5 Premises expenses Insuranc Catering and events Office costs Adverti%ing 27,380 9,352 37,040 1,786 890 19,466 8,563 41,489 352 CarrEd foNard 76,448 70,9LM) PaJe13 continued...
SEVERNDRQYJG ING PRE NOTES T IHE FIM4N YEA lAL.SIAIEmnC0n1jn DED 31 SUPPORTCOSTS-contlnued n4emenl-contlnu*J 31.3.25 Presewdlion ol SeverThJrcKu Cast 31.3.24 Total aclivilies Brought forward Sundries Bad debts 76,448 3,PA)1 70,0 3.845 60 80,249 74,805 rA)Vern¢8 w8ts 31.3.25 31.3.24 PteseNatK)n gevemdroog Cast Total activilEs Accountancy fees Professional lees 3,432 917 1,29) 4,349 3,799 NEf INCOMV(EXPENDrruRE) Nel incornellexpendilurel Is stated after Ghargingllcredilingl.. 31.3.25 31.3.24 Depreciation- 0ed assets 1,776 1,363 P4e 14 continued...
DR NOTES TO E FtNA EYEA TATEMENTLoLllnu DED31 MAR TRUSTEE& REMUNEFiATION AND BENEFrrs There wete no trle8s, remuneralion or other benefits fcf the year eIed 31 M9rch 2025 nor for the year enddj 31 March 2024. Trustees, expen389 Expenses were reimbursed to five INstees duriro the year in Ihe sum 01£30,28912024'. £5,701). expense5 reSmbursed were in res@ of stock wrchases, lurnilure aj administrative expenses for If charitabk companls tearoom. 10. sfAFF COSTS 31.3.25 31.3.24 Wages and salaries sla1 securily costs Other pension costs 49,465 1,782 55,893 4,203 1,081 51,579 61,177 The average mnthly nurnberofemployees during yearwas as follows.. 31.3.25 31,3.24 Employe&s employee rec6yved romuneralion totaling tmre than £60,0(YJ during either year. 11, COMPARATIVES FOR THE STATEMENT OF FININCNL ACTMTIES Unrestricted fund Restricted funds Total lunds INCOME AND ENDOWMENfs FROM Donations and legacies 7,235 Ch8rltable &tlvltles Preservation of SevemdTrJ)g Cast 118.8PI) 118,880 Other trading actiw1S Inveslmenl income 11,332 327 11,332 327 Total 137,774 137,774 EXPENDITURE ON Charltabl8 &llvlll88 PreseNalion ol Severndro(NJ Cast 139,914 1,230 141,144 Page15 continued...
GPRE ATIO NOTEST EFI L STATEMEKfs- cont ENDED 31 CH 11. COMPARATIVES FOR THE STATEMEKf OF FINANCL4L ACTIMTIES-contlnugJ Unrestricted fvnd Restricted funds Total funds NEf INCOMWENDITURE) 12,140) 11,2301 13,3701 RECONCILNTION OF FUNDS Total funds brought foThvard 13,913 15,721 29.634 TOTAL FUNDS CARRIED FORWAFID 11,773 14,491 26,264 12, TANGIBLE FIXEDASSErs Fixtures fittings Al1 April 2024 Additions 4,344 1,855 Al 31 March 2025 6,199 DEPRECIATION Al 1 April 2024 Charge lor year 1,443 1,775 Al 31 March 25 3,219 NEf BOOKVALUE Al 31 March 2025 2,980 Al 31 March 224 2.901 PaJe16 continu8J...
ILDIN RVA OTHEFI RTHE ME END 11 DEBTORS: Amoumfs FALLING DI)rHIN ONE YEIR 31,3.25 31.3.24 Trade debtors Prepayments 6,750 1,085 3,061 500 7,835 3,561 14. CREDrroRS: AMourS FALLING DUEWTHIN ONEYEIR 31.3.25 31.3.24 Tre creditors VAT Offtercreditors Accruals 8tvJ deferred inc£)me 5,798 24.190 143 11,205 2,564 218 7,495 41,336 10,277 Included in accru$ and deferred income are £9,000 ol deposits lor WeddiNJs that are due to lake pl after 31 March 202512024.. £5,745). 15. ANALYSIS OF ASsErs BETWEEN FUNDS 31.3,25 Total funds 31.3.24 Total funds Unrestricted fund Reslricted funds Fixed assels Current assets Current liabililEs 431 38,680 I41,) 2,549 10,862 2,901 33,640 110,277) 49,542 {41.3361 12,2251 13,411 11,186 26,2 Page17 continued...
TRUST ATEMENT Inu FOR TH ÉND 1& MOVEMEHf IN FUNDS Net movement in fur¥ Al 31.3.25 Al1,4.24 Unrestrl¢twJ funds Generdl fund 11,773 113,9981 12,2251 Re8trlcW funds Greenwch Neighfx)uthood Devebprnenl Grant Securing the Future Lknnl Storage 512 13,979 512 12,399 11.5801 14,491 11,0801 13,411 TOTAL FUNDS 26,264 115,0781 11,186 Nel movement in funds, I1ed in the aly)ve are as fdlows.. lrtoming resources Resources expended Movement in funds unr88tr1ct funds General fund 122.375 {136,373) 113,9981 RestrIct fuThJs SecuTrng the Future Grant Storage 11,5801 11,580) 500 500 500 11,5801 11,0801 TOTAL FUNDS 122,875 1137,9531 115,0781 Page18 continued...
Tru THEYEA 16. MOVEMENT IN FUNDS- conllnuwj Comp*atlves for movement In funds movement in funds Al 31.3.24 Al1.4.23 Unrestrf¢tgJ funds General fund 13,913 {2,1401 11,T13 Restrl¢lgJ funds GreenwKh Neighbouthood Development Grant SecuriThJ the Future Gr8nl 512 15.209 512 13.979 11,2301 15,721 11,2301 14,491 TOTAL FUNDS 29,634 {3.3701 26,264 Comparative nel movenEnt in fuThls, inpJu¢kd in the atx)ve we as folknws.. Irrornu Resources expend Movement in lunds LknrnsIrtc funds Genepj fund 137,774 (139.914} 12,1401 ReslrlcM funds Securing the Future Grant 11,2301 11,2301 TOTAL FUNDS 137,774 1141,1441 {3,3701 Page19 continued...
ERVAT us STOTHEFI EY IAL sTATEmES- conllnu 16, MOVEMENf IN FUNDS-conllnu A current year12 months and prior year12 months combined tosliKJn is as follows.. Nel movement in lurKIs Al 31.3.25 Al1.4.23 Unregtrtct funds General fund 13.913 116,1381 12.2251 Restrlded funds Greerrich NevJhtK)urhocd Devebwnent Grant Securiry th8 Future Grant storage 512 15.209 512 12,399 12,8101 15,721 {2,3101 13,411 TOTAL FUNDS 29,634 118,4481 11,186 A current year 12 months aTrS prior year12 combined net TtK)vement h funds, includd in the ave are as folbws.. Incoming resources Resour expended )vemenl in funds Unrestrl¢tPJJ funds General fund 260.149 1276,2871 116,1391 Restrtclwj funds Securing the Future Grant Storage 12,8101 {2,8101 500 SCO 12,810) 12.3101 TOTAL FUNDS 260,649 1279,097} 118,4481 During the year 2nil12024'. £9181 was spent from the SecurirrtJ the Future gmnl on equipment for the Tea Room. This equipment has been capilalised and the depreciation charge will provided against the futKI as the assets are usgj. Page 20 continued...
EVERNDR GCA E BUILDIN THE FI ORTH TATEMEMfs- conllnu DEO 31 K4RCH 2025 17. RiATED PARTY DISCLOSURES There were no related party Iransactions forlhe yearended 31 March 2025. 18, PENSION COMMITKEKrs The charity operates a defined ¢(lrIbUt)nS pension sche. The assets of the scheme are held separate form those of the Trust in an IependentlY adfflinislered fuThJ. The pension cost Charge includes ntrIbutIOnS payable by the trust of£33212024.' £1,081). 19. OPERATI LEA& COMMITMENTS The charily hOS a 30 year temi lease for seVemdrg Castle, uwjn which the charity is oharged a peppercorn Page 21