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 FlnK￿laj Actlvltles Balance She 9 to 10 18S to the Flnancld Sta1*n￿ts 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 R￿QMMended 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 Obl￿￿ve8 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 pr￿Ole Ihe education of the public by preserving for the benefit ol the people of the London Borou9h of Gr￿nw￿h 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 {FL￿d and Beverage) was recwiled and immediately settled in and has done a supetb job C￿ntinUing IIE htgh staThJards ol servi(£ and f￿d 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 operati￿5 ol the tea room were brought 'ln tr￿uSe. at the start of the 2023r24 nancial yea¥. The Ill￿e1 is now well established and the Trustees have ken delvJhled wlh how Ihe revised approach lo the tea room is p￿YIng out. The Castle is looking f(wtsrd lo the future as it contillLkS lo ottrate the tea room and has a varied and e￿iling 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 th￿r 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 Terr￿e 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 aVaila￿e lo cuslorners. Feedbad( from our custon*rs 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 de1￿htful 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., FInan￿s.. whilst more fu1tydescrib￿ in the financial review, the SCBPT has made a defial Ihis year. FundraBing.' the Trustees conlinue lo evaluate furKlraisirrfJ Strateg￿5. 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 Informat￿Jn 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'r￿S 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 w￿h Ihern well with Iheirfuture etKleaVoU￿. Fabric.. Trustees, as a￿ays. ￿ntinuc￿ to monit(K and rnainlan the fabric of the Castle. Towards the end ol Ihe sxevious financial year, the SCBPT, Wo￿ng with our insurers, ￿rnrnen￿d some inveslKJatory works lo consider some Cr￿kS Ihal were Klenlif1& in the external and intemal walls of the Castle. Those inveskn'galions, including ongoing levels. Monitor￿n9 lo asses5 how the bu1￿1ng is moving, are ongolng and Ihe Trustees wll Carefully consider any tecommendalions of any reThwJpal workonce they are re￿Ived. Comrnunity.. the SCBPT continues lo pr￿ritIse 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 (￿JEc￿VEs ANDACTivmES Publlc B*)efll The Iruslee5 confimi that they have Com￿led 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 referr￿1 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 ￿an￿￿j &tivities wll conlribule lo the aims and rt)iectives that they have sel. ACHIEVEMENTS AND pERFo￿NcE PLANS FOR THE FUTURE TFE Tmslees remain committ&l to placing Castle on a loro le￿ 9jsla1na￿e 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 arrange￿nIS 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 sI￿aM8 such as events and the tearoom. Donations were again gener(KJS al £1,384, for which th8 T￿￿tee8 would Ike lo express their gratitude lo those who supported the Castle dursn9 the year. We were plea*d 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 (Ir￿lUdIng Lx)th permanent and casual workers) were a little bil knwer than the previous year as were the costs ol purchasiro stock and other sUppl￿S 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 I￿orne 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 ￿t￿lItieS in the year are detailed in nole 5. As a resutt of Ihe atove movements, a def￿11 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 a￿1 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 l￿W trading activities can be altered lo build reserve levels. &)Ing concern After making appro[￿ale enquir￿5, 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 con￿rn basis in preparing the financial statements. Further delaiLs regardSng the adoption of the going co￿eM basis can LE found in Accounti￿ PoliC￿s. 4TERiAL INVESTMENTS POLICY Investment activities are managed in line wrth the requiretnenb of the Trustee Act 20tY). The Trustees, having wJard lo the liquidity reqU1￿MentS 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 defin￿1 by the Companies Ad 2￿6. 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 ￿mora￿d￿M of Asswialion daied 3 November 2(K12, atKI subsequently amended on 18 June 2￿8, under wh￿h the charity Is c￿$111￿1ed. RKrultment appolntment of n8w tru8188S The manag8fflenl of the c(Nnpany Ss the responsibility of t1￿ Trustw th are elected and cwpted under the terms of the ArtiC￿S ofA8socdk)n. The governing document wescrlbes that Ihere shall be a minimum ol three trustees and a Ma￿muM ol Iwelve. Al every Other Annual General ￿etEr¥j ol members, one third of IIE trustees sliall retire Iforn office, kino IfKJse with the longest se￿￿. The ieliring Iruslees shall be elKJible for reoledion, except il they have failed wthoul gcyjd rea$￿ 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 e￿Ction al a subsequent Annual General Meeting. In selecting Iruslees, the charity must have regard lo the sknlls, kn￿ed￿ and ex￿￿enCe needed for the effective adminislralion of the charity. Page 4 ILDING PBESERVLION UST REGISTERED REpo￿rOF E TRUSTEES R TllEXELR.ENED 1 MARCH.2 STrUcTu￿ GOVERMNCE AND ￿N1GEMENT org￿lSatIOnal 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 d￿lS1)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[S￿n 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 m￿agement 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 R￿￿tor&I c￿mp￿Y 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 T￿￿tee5 M T Bright J A G(M)de RARHafez E S￿neY {reS￿3n￿ 31,8,241 K E Winsdl (resig[￿￿ 28.2.251 D Wilkinson B Johnson I￿SIgned1.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 Ex￿nIner mcca￿ Ford Will￿aMS Chartered Acwuntsnts Building1063 Cornlorth tlive Kent &ence Park Sittingbjurne Kent ME9 8PX This ￿port has tEen prepared in aCCorda￿e wlh the spelaal provish)ns of Part15 of the Compan￿5 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 P￿e6 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 aCc￿lnts in accordan￿ wlh requirements ol the Companies Act 20061'lhe 2006 ACVI. Havi￿ satisf￿d tnyself that the ￿c￿nts of Ihe CoThpany are nol required lo be aLK8iled under Part 16 of the Act arKY are eligible for indepe￿leTrI examination, I retK)rt in respect of my examinalion ol your charills ￿COUnt5 as carri& out under Section 145 of the char￿e$ 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 SeCt￿n 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 wh￿h is not a matter consklered as part ol an independent exarninatv)n' or the accounts have nol been prepared In aCcOrda￿e ¥￿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￿ a￿1 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 RaY￿r 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 END0￿￿s FROM Ebnal￿nS 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