RE(IISTERED COMPANY NUMBER.. 06T19241 (England and Wal8sI
REGISTERÉD CHARITY NUIJJBER- 1127871
Report of tho Trustses and
Flnanclal Statgrnont6 fortho Year Endad 318E March 2024
for
Hartlebury Castl¢ Pr••¢rvotlon Trust
Omierod Rutter Limftgd
The Oakley
Klddem)Inst8r Ro8d
Droltwich
Worcestershi
WR9 9AY

Hartl¢bury Castlo Pres8Thatlon Trust
Cont•t)ts of the Flnanclal Statements
for tho Year Ended 31st March 2024
Page
RoferehGe and Admlnl$tratfv• Detsll¥
R•portofth? Tnwtees
2 10 6
Rèport olthB IndepBndentAudltQTS
7 to 8
statgmont ol Flnanclal A¢tlvW85
Balanc4 Shoot
10
Cash Flow Statomont
Note8 tothe Casfv Flowststemènt
12
Note8 lo the FIna￿la1 S14tsm•nts
13 to 25

Harmebury Castle Praservatlon Trust
R8forenca and Admlnlstratlvo D8tall$
forlho Year Endod 31st Morch 2024
TRUSTEES
NlrRJEa
Mr S L Ir8sign8d 12.12.231
Ms S J Flnch
Mr R D GraallvA￿d
Mr S K Munday
Ms H A D M Raw18s Ir85igned 8B.231
Mr P West
Mr RJ Amphlett
Mr D H Srnilh
Mr P 8 Stic￿8[￿
Ms L M¢guire.Cox lapp)inted 12.12.231
REGISTERED OFFICE
Hortlebury Ca8lle
Hartlebury
ddarminsler
Woic6slershlre
DY117)Q
REGISTERED COMPANY NUMBER 06779241 IErvJlBnd and Wabsl
REGISTERED CHARITY NUMBER 1127871
SENIOR STATUTORY AUDITOR
Cokn McGrory FCA
rNDEPENDENT AUDITORS
Ckn18rod Ruiter Limited
The Oakley
Idd￿MI￿starR0&￿
Droil¥Mth
Worc8sl8rshlr8
WR9 9AY
£XECUTIVE DIRECTOR
Mr8 R Bagnall
PROPERTY RENTALAGENTS
G Herbert 8anks
Tho E3t8le Office
Hlll House
Grèat w￿0Y
Worce81ershlre
WR6
Pagg 1

Hartlebury Castle PreBerv8tlon Trust IRegtstered humber lJ67792411
R8POrt ofthe Tru5to0s
forlho Yèar Endad 316t March 2024
The trustees who are also directors of Ihe charity for th8 purroses of Ihe Cornpaniey Acl 2006, present their report wllh
Ihe flnanclal stalem8nlB of the ¢hadty for Ihe year ended 31st March 2024. Th& Iwsle88 have adopted th8 provlslons of
Accounl(ng and RgPQrtlng by Charitrgs.. Statement of R8comrn8nd8d Practlca applicabla io chariliBs preparing IhBlr
accounts Fn accorda￿8 wlth tt)e Financlal Reporting Stsndard eppllcable In th8 UK and RepuNlc of Ireland IFRS 1021
18ffart4v8 1 Jantsary 2Q191.
OBJECTIVES AND ACTMnES
obl￿tIVeS and alm5
Th8 Charltable purp)se of the Trust 15 to preserve Yor thg banefil of the people of Worcestershlre and the natlon.
HarU8bury Caslle and its hl$tollc Contents Including Ihg Hurd Llbr8ry. alongside it5 grounds, parkland and gard8n$,
S8condly to 8(fvance tho edu¢atk)n of the publlc In local h￿tOry and archtteclure of Woic8$t8rshlre and the
surroundiro areas,
Haruebury Castle 51and5 as a time18ss lesta￿nt to over a rniuennium of IM5tOryb bearing witlle5S to the stories 01 112
blshops and (￿UntleSS othgrs who havg ¢allod 11 home. From Its 0￿gIn$ as a CasU8. to Ils vartad roks 88 a manor
sg, prfson, hospital, and s￿ncIuary, Hartlebury Castle has endured tho agtrs. Today, Ifs open lo Ihe publlc as a
captivaffing h1$1￿C hou8e, ￿$ll8d In th8 Wor¢estershlre ¢wnlry31d&. The jewel In Its crowi Is the wortd-renownod Hurd
br3ry. With Its treasure trove of knowl8dge spanning (Sivarse subjects, it serves as a unique SPA￿ to inspir8, qUes￿on
d 8xplora. Its b8aubful dgcorauon and archltgctural fea(ur8$ add to ts tharrn, whll& stabJ& 88 tTr￿ orly Ilbrary
cr8at8d for a Church of England bishop, with Its original collecllons slill in place, m8k8s il truty unlque.
Hartletsjry C8s119 Pr&seNaUon Tiust was fvrmed in 2008, to campalw for the CasU8, its collections and grounds to be
m￿¢ a￿sSIble for pubjlc 6nloyment and 8dupaUon. Sub$equ&ntly, In 2014 after 7 years ol c4mp8lgnlng, the Trust was
SUCC85sfvI in securing funding from the ttTen Heritage Lottsry Fund to tAJrchasg and restorg the castkg and its g$la¢g, $0
Ihat It Ulu￿ be opened to the publkfor the first tsme.
Th8 Trust 18a8e8 part ol slte to Worce5tershlre County Counc41 Ic+ house the WoTcestershir& County Museum's
cAl9c￿on. Tho County Mus8um has b88n on Ihg Slte slnc8 1966 und8r a 60 ￿r 19a50 and tho Trust *nlwFted this
arrang8rrtsnt from th8 Chur¢h C(mmf8sloners on Ih& 8xlsthig p8pp&mrn lea88. The88 8rranpm8nts 8xpre In early
20￿.
The Ttvsvs day4oday aeuvlttes n￿1 Include 8 glft shop, publlc ovgnts in¢luding themed wggkeThls and seasonal
evethts, public liGko18d 8vents Induding outdoors concerts and th8atr8 P8rforrnanc&s, 8ntique8 and food fair5 and privste
evants Includlng weddlngs, dinnèts and l*￿￿￿8￿0n$. Trust also rents prop&ty and 18nd13 18ased ¢ottages, fam
busingss tertancy. fishing Id(e lea881.
Ourvlslon Is that..
Harllebury C88Ue, thr￿gh carèful stewardshlp, Is thetlshed. cebbrated and undustood. woviling an LmmWb
expa￿enc¥ that InspIMs, Informs 8nd dellghts all*fio vls
We bglleve kn:
- Sh8rfng the dherslty of hlslorkal and nthJTrl land8￿p8S thatcorblrfbute to the Un¥4￿neSS of HartlgbLtyy Castle.
- Treasurtng Hartkdbury C88118 and ts colledons and tr￿)￿1ng rwnisad as a pwslonat6 and Innovauvo bad4r rn I
guardianshlp and sharing of ourh&iiage.
- D8vebplng the gardens and grounds to provlde an eca)logkal haven for wUdlVe and telllng th8 Story of th? Casu9
85tate ¢wer ts 10)0 year history.
- Enthusing portner5 and communilles to nuTttJre and engag8m8nt aNJ to encouw wellbwng.
e stopped here to break a ￿L￿eY bul Il'$ very firmly on our nst of places we must go back to. A lot (Sf thought has
gDn& h io thg di$￿ayS with lh8 te8nager 8xclaimin9 %vowl' 41 tim0s1 LOES ol Inlsrgs15D9, wel.wrillgn Snlomabon
ards throughout th8 bishops, paLg¢e and some areat displays In th8 musourn. The grrJJnds We￿ so peaceful. perfed
for r8adlng in th8 sun 8nd the new ptsy aiga15 great.. Vi$ltor Feedba¢k
Publlc benefit
In 5811ing the Trusl's obl8rAlves arKI plannln9 tts acfvttle$. the trust89s have glven c8refiJl c¥Jn5¥kFatl¢M to the Charity
Commisslon's ggneral guldance on publtc benefit.
The tharity fuffils Its purp05& 8nd its visbn by oPen￿g Harugbury Caslle and its grou￿$ and gardens to the publk
Sh￿ng the stories and hl$tory of Harlebury and U)0 Bishops ofWor¢8s¢ef In an 8nlertalnlng and sng8glng way.
Py2

H3rtJebury Castle Presorvatlon Trust IReglst8r8d number: 067792411
Report of the Tru5teBS
for the Year Endod 31st Alarch 2024
ACHIEVEMENT AND PERFORMANCE
Charltablo aetlvlti8S
Trustees Statoment
Durfng thls p8rtod truslaos hava be8n fc￿SSed on iwo kay i88U8s, develo￿n9 a su$talnablg bu$5n8S5 and nogoilatbns
with Worce818r County Council around 2026 lease r9nBw&l and operntional partnerthlp.
Tho Trust Is Com￿tted to negot￿ting a now Igase and managem8nt agreemènt Ihat enat498 the Cwnty Musaum to
contlnuè to a8 part of Iho Harll8bury C88U8 viwlor altrathrm whllst Ènsurfng that the Ttusl ha3 a su$ldnabt•. long tem
bu$ine55 modEI.
The was ts1[ght￿l to recelve a grant Irom the Nalonal Lottery Heritage Fund INLHFI in tNs porfod. Thts r￿Very
and re51110n￿ gr8nt Trcognlses th& cha118nges lacing the OTganisÉUon ￿&VI￿ng from the pandemlc and the followng
CO81 of living uisi$ and aims to support the Trust io develop i1￿0m6 9?neration acrDSS th8 bustn8ss and P￿d?
pmfes$lonal axpbrUg0 thmgh the proco5s of nagotwling new1&8$¢ grrangoments ￿1h WC¢.
In thi5 year the TNst CL￿tInUed lo f8el th6 inpact of the ¢ost ol Ivlng crEsk ocroES the buslness Incbdlng event
8tt@ndar￿s and 98nernl vlsllor numbers. Growth romalns thall8ndng to ach￿Va and 9on8r81 trading condit￿n5
continue to be drfncult,
'Am82hg h￿tOry- Made so w8knma by 'guSdes'. Int8ra￿v9 tow whl¢h Is amaing, LINgd all thp hlstory and
¢(￿nec10￿$ wlth royalty eta Museum attachment fasanaling and w811 worth vi5iling. So nostdgic. Ml staff h8lpfvl 8nd
frlendly. Vl$ltor F¢edbaGk
CharRable a¢tlvltlès
The fN8t is comrnitted to dar￿￿ a hIgh￿U8hty h8ritag8 8xperience that is both iftfomiativ8 and enlertainlNJ. Vlsltor
fÈ8dback eonllnuos io b$ very posttwe. Aseb¢tion olvl$rtor ¢orMients fr¢yn IhL8 y8ar ara contolned In thls docurnenl.
The TN81 has ox*lnued lo prowde a waTm wekx)me to vbltor8 of all ag88 and bathgrounds, and to 8hare Ihè hllgtory of
lh6 Casilo and th6 stC￿e9 Of1￿ BFshops ofworctstsr.
on￿ again priority has bean gfven to f8mlty ￿s￿or5. ￿1h the alm of enlertainthg and insplrfng young ￿$1(Or6,
encouraging a Iifellm$ of h8h1￿6 attracfyon visits.
'Th8 wtho18 8XP8rl8rKe w88 excellent. D&finit81y 8 10 out of 10. and we ￿11 be Yelmmlng. Fantaslk (Jay out fof all th•
famlty.. Vlsltor Feerlback
Voluntoarfng
The Trnsl would not be able to opgrato thg vl$llor attracllon without th8 ongolng support of a 181ent8d and cornmttted
tsam Df voluntears. Tmsks undertaken indudp gard￿$ and grounds melntgnane8. prcpety malntenanc¢, ￿uSe
steward8, library volunteers, and events and advllle8 SUPPOrt. Feedback PToves that our visit￿3 greauy vBbJe our
voluntgors approachablg and kno￿8￿geable we59nc8 on tha sS1e.
Trust r•cognis8s fv health and weltbeing volu• of vclunleerinu and welcomos and eN￿u￿ge8 voluntsgrs of ill
ages lag8s curr8nUy rnnga from 16 to 651 and 11 walks of lif8 ¥d v8bJ8s and supports those ¥dUn￿ *ith phy￿¢al
d nèurodlv$rg8nt thallenges.
TN8t80s al$0 ¥i¥8 th•rtim8 on a voluntary basfs.
rilli8nt...yDU rrnJ5t visit herel I visltad hBre ye8tordBy With my 818ter, and we both had a brilkant day. AS soon as we
enlwl th& buildingi ¢Very Staff [netnberl￿lUnleer w8 encountsred was so friendly and wglcomlng, and fL4 of
infLYmatlon.' Vlsltor F6edba¢k
P4e3

Hsrt18buryCa¥tt& Pr8$grvallon Trust IR¢ylgtered numbgr. 067792411
rtsport ofthg Trustsa8
forlho Yèar End•d 315t Mar¢h 2024
Fulure Ambltlon • Loomrtrg Fo￿ard
With support from NLHF the Trust is deveLpiig a new v15ion forthe futurg. Hartl8bury Casu8 Is not merely a slruciure of
$lona and mortor ￿ Is a reposotory of over a thousand Yaa￿ cf storfeE waiting to be teld. From the remarkable dggds of
b￿5￿p5 who 5hap8d nalonal hi$lory, to Ihe evway Ilve$ o15etvants who worted hard wlthln Ils walls, every st￿Y Ihe
Caslb offers, glfts Hs visitors a gllfftpse intD the past, wh￿St inylling them 5itnLdtanaously to reflect onlrfo today. TNs¢99S
b￿1￿& that It Is essential for hlstodcal tKJlldlngs and chadtable oryanbadons Ilko HarNebury Ca51Je to have a re1mnc&
that goes beyond P￿teCting h15tory and herflage
that we have a duty to becornE a thoughl-provokiny $paTr,
trncouraging discusslon and eroagem9nl wlth thg worfd arwr￿ us. A rxJmpr8hen31v8 fundra151ng 51ralegy 15 belng
developed to support ￿TrUstt0 dellvar ￿1$ refreshed ambition.
Trus18es are ¢lo5dy vilh Worcester County Coullcil lo ensure that the EeasB rnnewyl and management
agreomont In 2Q26 d&l￿Or a sustalnaU8 flnanclal fuiurg lor thg Trust.
'l)Jr fflrsl ￿sIt kn Hartlebury Casue and we thDroughty enjoyed tt. There w8s so rnuch to S￿ and dlscover. Loved th
runn8r In lh8 Long Hall whlch 18 a htslory Igsson in itself. The lalklng Screens w￿e brfllanl and added a whok new
dimonsion. Fr￿ndlY snd w8komlng h0815. Plannlng on a retum to see tt at ChrtBtma8.
Vlsltor Feadback
FINANCIAL REVIEW
Financral position
The charily has received grant Incomg totslLng £73,12212023.' e1,0651 In the year. wilh th15 yeaes gtant Incurk belng
m81nty frorn the National Lottery Htrrftsge Fund.
The charfty also benefft8 frrm b8lng 8bl• to rent oul several properU88 on the grouTrJs of th8 rastt8 whlch have
g•n¢ratsd Incom D1£33,37912023.. £33,240).
The b818n¢e Sh￿ shows Ihat tho ¢haiity held c#sh 01 £136,8tKt tt1& 31st March 2024, which is 8 decrease of £79,251
on the 20231ovel Of£216,￿1.
At 31st Marth 2024, th8 charty h81d net assets of £4.519,424 12023.. £4.604,1791 of whl¢h £4.4￿3$0 12023:
£4.490,2601 is repTesen18d by the cost of the fre8hold prop8rty and sub88qu8nt reftjrbishrnenl costs. There were an
unrestrlcted ro$erve surplus at the year end or £1,282 12023.. surplus £45,￿41, however, Ihis 8mounl ￿ 8nUrety
represented by fixed aB$8ts arkl Ih8r8for8 ￿(￿812023.. £32,351) of the current Unr8BIric￿ reseNa$ arg ¢onskJered free
reserves, whlch can be spent ￿ ¢harlE8blg aCtI￿leS a5 Ihe Iwst8es see fiL More d8tai18 regardirrfJ ￿e funds r2n be
nd In note 24.
Reserves pollcy
The attached financval statemènts show the cal￿t slate ol the finar￿8 ar￿ of thg tharibls ineomg and 6xpentlllurè for
the year. Ihg truste&s mwlarfy examing the feqLrfr8m8nts for InC￿m$ reseNo$ 8dw4uatg tr& ensure Ihe
onllnu8 to rn￿t Its fuknre n88ds, and I￿09n13e that Incre88ed re88wes ar& requY8d.
Tha Trust￿8 8T8 cornmitted to gr￿ng aD unrestrfcied fvnd ovor th8 coming y8ars in 3CCQtdanc8 WI￿ th8 bu55n95S
Yan. The free unreslristed reseNes held al the 315t March 2Q24 are In d6fi¢h of £25.35412023.' surplus £32,351} whlch
the IiiJslee5 are aware needs to be ￿VerSed and a reserve bulll to allow Ihe st8bllity of Ihe charity tnoving forward5.
Page 4

Hortlebury Co8110 Pr8s•rvalon Tru81 IRegl8tergd number.. 067792411
Report of the TNsts•g
for the Y¢ar Ended 31st March 2024
STATEMENT OF TRUSTEES, RESPONSIFIUTIES. conttnued
Company F8quir88 trustees to prapar8 finan￿al Btatetn8nts for eaeh finan¢lal year whlth glva a true and far vbw
of the state ol èffalrs ol tha BharitatrAa wmpany and of the Inr*Jmlng resour0￿8 and as¥>I￿lIDn of r8sourG95. illLludlng
the Incom8 8nd expenditure, ol tharflabb wmp8ny for that perijd. In preparin9 t￿88 financial Etalernents. th6
truBtse8 ar& requI￿d to
selectsullabb •ccouni4ng pN)lides and th8n appty Ih8m ¢mslslenffiy',
observe tha method$ and princlples In the Charity SORP..
makejudgernants And 6sb'mst8s th8t are r888onabl8 and prudent
pr8par8 th& nn8ndal 5ts1ements on thg uolnll concem basis unkn¥s K is inapproprk9ts to preBumg that Ihe thaFlt8b18
Company vhll conlnue In busirwa.
The InJste9s are responslble for k$8plry prapgr acwunling rEcoBJs which dLgclose ￿th reasonable a¢rxJr8cy at any
the finan¢lal poslllon ol th8 charltable cchnp8ny and to gn8ble t￿M to gn$ur8 that th8 fin8n¢lal statetnents compty
th th8 Compar￿￿$ Act 2008. They are also rosponylbk for yafeguarding Ihp a55et5 01 thÈ chariiabl8 company and
hence for ta￿ng reasonab[& staps IOT the pr￿en￿on and d8tectlon of fraud and oth8r Irregulartles.
STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDtroRS
So far as the tru&leo$ arg awarg. there Is no relevant Informalk)n las doftnod by Se¢tlon 418 of th8 Comp8ni85 Act
200EI of whlth the charitsble comp8nYs 8uditors a18 unawar8, and each Iruslee has taken all the steps that Ihay ought
to have taken 88 a truslee #i order to TngkE them awafy of ¥ny 8uéIt Inkirmadon and to oslabllsh that th8 chadtatl8
companws audllors are awaro of that Infom18110n.
Th1$ r&port h9s been prepared n accordance wtth th8 prO￿lS1On5 of Part 15 of ts Gomp8rfe8 Act 2￿6 rebting to $wll
¢¢mpanie5.
Approv&l byordBr of the board of ￿s￿89 on......
2oltr
- and siyned cn Ns behdf by..
MrRJ
phlgtt-TNstee
Pagg 6

Hart￿b￿ry Ca5tl8 Prè58Natlon Trust (Reglstored numb•r.' 067792411
Report of the Tr[￿*8?$
forthe Yoar Endgd 31$t Ma￿h 2024
FUTURE PLANS
Th￿ 18 the flrsl year th81 Ihe TN51 recaved ￿ pubKc grant kndlng. Trustees rethgnls8 that progress Iowa￿ 9chFe￿Dg
a reslllenl and sustainable bUSin￿S has beer hampered by extemal factors and is I8￿.ng longer to achiev6 than th8
bl￿￿8$$ plan produred at the end of 2020 indlcaied. Trustees are taking action lo ensure that the business remalns
robust. Thi5 Inclu(Je$ mulu-ygar Rosillencg and Recovery grant fvndlng from the National Lottgry H8rflage Fund and
irnplemgnt'ng a eomprehenslve new [￿￿raIsIng strategy. Progress bs b9irwJ made wlth a new Indivldual philanthropy
scheme.
Alongsido the events and engagement programme the Twst hoBts weddlng. prlval8 parfe8. and corpor8t8 ov6nts. The
Trust Mrill contlnLte to divBf5Ky revenue by promotlng Ihls acuvlly and looking for new DPPOTlunlty for commerdal
r¥vgnue.
4eld waddlno r¢eoPtlon thère. Cannot r•commeftd hlghly ￿ts￿9h. Extréméty effi¢l¢nt and nothlng w48too
mu¢h troublo. Excollent $8Trvl¢g In fabulous bulldlng." IW8ddlng cllgnti
The Tru51 believes Haruebury Casue offers an ex¢el8nt visltor experfence and has confidenca in the bng-terrn Mability
of ihg herflago aitraction. Trusl Is corTrrn1tt8d to ￿n8￿ng n8w Stran￿mentS n8gotiatgd around tho Wi)rwiershlr•
Gounty Museum kne renewal In 2026 add to Ihe fu￿re reslllenca and sustskna￿l1IY Df th8 Tru8L
"Havé vlsltod several tlmas ovor thg y8aTSv It n8ver tsIIB to make thlngs Itthresflng. Thè dl$play$ ¥9 $up8rb
both fol young and old. Tho $taff In every area wer¢ pleasant and helpful. For Ih? ffrsttlmtr we vl$ltsd th•
Blshops Pala¢o. fantast1¢ prè$8rrtatlon maklng tho hlstory r9411y come allvè. A rèally anjoyabla day out. And
lun¢h w88 pretty good too." Ivisllor quot81
STRUMRE, GOVERNANCEAND MANAGEMENT
Governlng (S)¢ument
The charity Is controlled by Its govgmlng documgnl. Mernorandum & Attic18s Qf Assodatb)Th. and cOns￿l￿te5 a Ilmlt•d
company. Ilrnlted by guaranteè. tt5 deffned by thè compar￿0$ Act 2W6.
R•¢ruttm•nt and appolntyngtit of Thew trusts9$
As defined in the MemoFandum and ￿ti￿as of A$S￿￿tion of th8 charity, th8 trusteos 85 charity trustees have control of
Ihe charity 8nd Its propety and funds. The trustees body when complete oinslsts of at kast three and not rnore than
elaven IndI￿{tUal￿, all of whom mt(st be Mem￿r5 of th8 Trust. On8 third lor Ihg number ngarest one thlrdl ol the
Iruslees rnust r&lr8 8t exh Al*, with Ihiise loroest in Tetirlng first ar¥J th8 chotc? between a￿Y ol equal senqcè
b81ng nBd8 by drthno lots. Ir the rneMi￿r¥ al the rnBBllnu al kYhi¢h & trustee r&llr8s by rola*"on l08s not ftll the
vac?￿Gy, Ihe retirfng Irusle8 shall. if ￿7VIng to act. b8 deem8d to hav& be8N reappointed wles5 at the meeting il Is
r8soJv6d not to flu thg vacancy or unPg$s a le*￿tiOn fortho appolntment of the Irust8e ts pul tr> the m88lrvJ and losL
l truste8s giv8 Ihglr tima voluntarlly and r8¢dv8d m ben8111$ from (he d)thty. Any exp8rws redalmod from the tharity
are s8t out in thp noles lo Ihe accounts.
The bo8￿ of trustees regularfy r9M8Ws f( comp05111on in temts of practical skllls, buslness 8¢un￿n and knowl&Joe.
Wh8r8 8 potential d8fKiency Is idenbfied, tr In ofdgr to enhance the pool ol tnJste88, th8 charity has, Ihrough 8eloctsv8
vertl$lng and nelworknng, sought to Id8ntify p8rsons who would b? wllllng to bocomg members and INStees and u$0
th8ir(Aw 8xp8rfence to 8ssSslthe charfty.
Potential Tr8W tnJstee8 ere encouraged lo atler￿ al leasl ore boa￿ meetlng to fami1Sarls8 Ih8m58lvas with th& operatic
and govoman¢8 of tha Gharity wor to 8PWintrnènt ag a trus18è. They are éncouragod lo fam11￿rtSe themselves the
guldance produced by the Chatlty Comm￿51£1), In parucularlhe publlcalbn 'The Essential Tru818e'.
KEY MANAGEMENT
The day to day opemtion5 af th8 charity are d818gat8d by the I[u5t￿ to Iha EXecU￿ve Dlreclorwho ts Stava BagnalL
STATEMENT OF TRU5TEES' RESPoNSIBIL￿lEs
The Iruslaes Iwho are also the direotors of Hartlebury Ca511p Preservation Trust lor Ihe purpos8s of company lawl are
r85ponslblo lor prgpthng th9 Rgport ol the Tru$l99s thg Inanclal $tat8rn8nts In accordance wllh appllcatrAa law a
United Kirodom Accounti￿ Standards Iunlted lfjngdom Generally Accepted A¢￿UnIng Pracfr'¢el.
Paga 5

Rtport of th• IndoPondentAudltors to tho Mgmbors of
Hart16bury Ca5tl8 Pr85eTvafk*n Trust
Oplnlon
Wa have audited the financlal stat8menls of HarU•bury Casue Preservallon Trust (tho 'charitab18 compan￿} lor the year
endwj 31¢1 2024 comprbe ts Statsm8nt ol Financial Acti￿1￿$, th8 Balance Sheet, the Cash Flow
Slaternent and nol&E lo th8 flnancTsI stat￿nen￿ Indudlng a 8umm8ry of significant a¢¢ounllng policles. Thg financia(
rting Irwnework Ihat has b8en apP]￿d in th8ir preparation appllcable law and United ￿ngdOM Accountir
sisndards Ilthltod ￿ngdOrn G9ll8ralty Accoptod AcvJunlhg Pracll¢el.
In our opinicn th? finandal st818menls'.
glve a true and fair viow of the slate ol thg tha￿table comp8fbYs affalrs as at 31st March 2024 and of its incomlng
resouic88 and applicalK)n of rg3ourcgs, Induding its Incomo and expendllur?, for Ihg yoarthen ended..
h&vp been properfy pr8pared In accordance with United Kingthrn Generally Accaptad Accountlng Pra¢N¢8'. and
hav8 been prepared in acthance wth th8 r8qulromon15 ofthe thmpènle5 Act 2006.
Bas1¥ for ¢Jpinion
Wg conductod our audll In accordance S￿1h Inlgmatbnal &ondards on Audllng IUKI (ISA5 IUKI} and 8ppKrAble law.
Our responshlllde5 undeF those standards are fuTihor dgs¢rtb8d In the Auditots. responsI￿liti85 the audlt ol thg
financl81 statement? 8ectton of our r8porL gre Indep8nd6nl ol the charftsbl8 company In accordarsce wllh th8 athical
r8qulremenks that are relpvant to our audlt of th? financial s18t8m8nts in th8 UK, induding th& FRC'S Ethical Standard.
and the provl8lon$ 8V8118blg for $mall enUti8s, In thg circumslancos sel out in not8 27 to th6 financial 8tatetn8nts. and w8
have fuMlled our other ethl¢al responslknl￿lO& In 8c¢ordance wlth those requirements. W8 bolleva that the audlt
0vid8nc8 w& hav8 obl8in8d is 8uffi(xenl and appropr￿te to prowd? a basis forour¢plnlon.
Conclu51ons relbtlng to going conctm
In audllin9 the financial 5tatempnts, we have con¢lud8d that the tNstees' us8 of the wlng eoncem basls of awwnuna
Sn pr8paralknn ofiho ftnanciaS slatem8nis is appropriale.
Based on the work we have perfoThed. we have not ￿entifiEd any m8terlal Uncerta￿￿e$ re￿tkng 10 events or u)ndttlons
tttal. Indiwdually Or c{Alo￿ve￿, May cast slgntfir2nt doubt on the charitable compan15 ablllty to conts"nu8 as a golng
oncem fora period (rfal least tW8Fv8 rnonlh5frotn whgn Ihe financlal stat8mentsare auth¢Ni88d for issue.
Ow r8sponsbilitsps and ihe reS￿511￿￿tIeS Of tho trutlee8 Wrth raspect to concern ar8 descrtbed in the relevant
se￿￿$ of thls repart.
Other Inlonnatlon
Thg trustees arp r95wnslblo for othor Infomiadtsn. Thg Oth￿ lnforrna￿On ¢ompilsas the Infomiadon hduded ln thg
Annual R9Wt, other than tha finanaal statornonts and our Reportof the Ind9por￿entA￿dIIoIs thgraon.
Our oplnlon on the fin￿LIa1 stat8m8nts does not Gover the oth8r informaliDn atHI, exwt to extent otheNyse
expltluy statsd In (Nr rap￿ w8 do not express any form of assuYan¢e conduslon thèreon.
In connection ￿th our &udit of the financlal statement5. our ￿spOnsIbl111Y 18 ts) Nad Ihe olher Inlormauon ano, In thlng
o. conslder whether tho othar" Infom)albn 15 matgrfdly Incons15tent wlh th8 f nanclal Statements or our knowleOJ8
obt8in&d in Ihe.audrt or otheTwIBe 4year5 to be mate￿allY mIssts￿. Ir we tdenofy Slth malerlal InconslstenLges or
app8rent material mi55t8l&ments. we aro requlred to dotsmino whet￿r thls Iv88 rf88 to a material misstat8menl in th8
flnanclal $t8tsrnents them$elv8s. ￿, based on the work we p&rf0rn8d. we condude that thefv Is a mat8rial
misstal8mBntofthls Other irrforrnatilxi, we aro requlred lo r8POrtthal fact. W& have nDthing to r8POrt In regard.
Oplnlvn$ on othgr maltsrs pr8$crlbod by tho Companles AGt2006
In our opinion. based on the work undertaken In the course of thè audit..
th8 Information in the Report of lh& Trustees for th8 flnancTral yetr lor whlch tht nnanrAal state￿n(S are
prepared18 con6lstentwllh the ffnamdal statements., and
th8 Reportolthe Trustees ha5 been wep4red in acccldance wth appllcable legal r8qUW8m8nts.
Matters on whl¢h w¢ arè rèqulred to rèport by exception
In the Ight ol the knowledge and understanding of the chsritable company and its ￿￿tron￿￿nI otX8lnod in the LXXYSO of
the audiL w8 have not identif18d material ffli59tatem￿ts in Ihe R8p)rtof thg Trustees.
We have nolhlng to report in rgsp8Ct of thg following tnatters where Companos Ad 2006 r8qUWts us to rerx)rt to yeu
If. in our opinion..
ad8qual8 a¢counUw records have not been kept or relurn6 adequate for our a￿11 have not b86n recdved trom
branche$ notVI￿ted by us., or
the financial slat¢m&nts are not In agreement with Ihe ac£ounting records and retum$', or
certaln di8c105ufBS of truste28' rBmunerdtion spocmed by Iw are nol mgde; or
we have not rwAlv¢d all the Informauon and 8xplanation5 we require for our au(fiL OT
the tru8t9es were not 8nliUed to tak& advantage of th& srnall ¢omp8ni95 exemption from the ￿quireMent to prep*p
strategic RBPOrt or in proparfry th& Reportof Trusiee5.
Page 7

Roport of thè Indapandont Aydltors to thg Momb¢Ys of
Hartlebury Castle Pr•swatlDn TN5t
Responsibllltie8 of tw$tee$
A$ 8xplain8d more fvlly In the Stal6mènt of TnJgtaoB' Respunsibilities. the trustees Iwho ate also the dire¢toi$ ol ihe
ch81tfabl8 ¢otnpHny for the purpos8s Df comp8ny lawl 8r8 r88ponslbl8 for Ihe preparatlon of the finencral st&temen15
lor belng saN$fi6d Llal they glve a truè and f8lr v￿w, and for 5uEh internHI control as the tmstees dolermino 18 necessary
to 8nab18 Ihe preparalion of financial slalamenls Ihat ar? free from mabrfal mls&tatemenl whelheréue lo fraud or orror.
In preparing financial statarn6nt5, the Iru51ees are respo￿lère for assessing the charitable compan1$ abilty to
continue a5 a going conc8rn. disdoslng, as appllcable, mattsrs rolated lo golru ¢on¢gm and using th8 going concern
basis of accounting unle58 th8 Irust88S either iniend to IKiuidata lh8 charltgbl8 company or to c8a69 OP8Trtion5, or have
no raa115tlc allemalSve but to do so.
Our rasponslbllltl•s forthg audlt of the tlrranckl statem￿1
Our oblecllves are lo obtaln reasonab￿ assurarta about whelMr the ￿n8r￿l91 statemgnls 8s a whole are free from
material tnisstsl8mgnt, whath8r due to fraud or e￿or, and to Issue a Report Df the Ind8pendenl Auditors that indudeg
our oplnlon. Reasonable assurance Is a hFgh level of asgutsnce, bul Is not s guarnntee th81 an audSt eonducted In
accordanoo wllh ISAS IUKI ￿1[ afvays deteth A m?lerfo1 mlsslatsmgnl when il exlsts. Misstslem8nt5 from fraud
or error and are consldered matedal ff, in¢Jpildualty or in the aggregats, Ihoy COLthJ reasonably be exrecled to infiuence
Ih? 8conornk dedslons of users taken on th6 basis of these financlal stat8m8nts.
Th8 extgntto wh1¢* our procadur•9 8r6 capat48 of da￿l￿g Irr8gularlUès. Indudlng fraud. Is datsllod bdow.
Ba88d on ow understa￿lh]g of th8rTtabk compgny, Identified the principd risks of MtKomplL9nco laws and
regulatiQn6 inBluding thos8 that have 0 dir8ci ¥rp8cI M the pr8paratton ol lh8 flngnclal s1818m8nls and th8 8Xt8nt lo
%41)Ith nOn-C￿mPli0n¢e mlght have a mateHg1 effect on th& finanaal statements. Audlt procedures porfmed Included
dl$cu8$ion$ wilh rnanag8m8nl, revi8w of bDBrd m88ting minutes, testing of joumals, dasigning and performing aL•Jit
procedur89 and chall8nglng assurnptlons Ond I￿1gements made by management In iolatbn to accoundng esUrnat8S.
There are inher8nt limitalK)ns in Ihg audrt procedures dascrfbed 8bDVè. We ore bss Ilk8ty to beccffle aware Df Inst8n￿9
of nonllcompllance ￿1h laws ond ￿gula￿on$ that ar9 nol clos8ly r£&ted to events and trans*Uons reflec18d In thg
finandal $lateTnenls. Aso, the risk of no¢ detgcting a matsrial misslatam8nl du8 to frdud is highor than ti5k of ￿Dt
detecllng one resuwng from error, as fr8ud may Involve dellberate con¢g8lm&nt by, for examrle, forgery or intenllwel
misrewe$pntation5. orthrough collusion.
A fiJrth8r de￿ription of our respO￿bI￿ti89 th8 audr( of the f￿8￿￿81 statemenls is located Dn the Financial Reportlng
CLyJnclls webslte atwwi.frGorg.uklaudltorsr8spMslbllllbs. Th1$ de8rxlpttDn forms part of our RepDrt of the Indepand8nl
Auditors.
U$9 ofourreport
Thi$ rewri 1$ made sol&ty its th6 charitabl& company¥ rnornbers. as a body, M accordanco with Chapter 3 01 Part 16 Df
the Cotnpanies Act 2006. Our audlt work ha8 b88n und8rtakon so that Wg mlgm stats to the charitable companV8
meFnbgrs tho89 mattors wg are requlred to state to them In an &￿j1t0rs, report aod for no other PUFPO$&. To the fullest
extent perfflitted by Law, we do not accept or assume responsibilty to anyorn olher than the Charitab￿ wmpany the
h41itabl8 ¢ornpaWs mgmbers as a body, forouraudtt wort, lorlhls report, or lor Iho oplnlons wo I￿ve formed.
Colm McGrory FCA {SeTh￿r Statutory Au￿110r)
for and M b8h8ff olormor￿ Rutior Umited
The Oakley
lQdd8rmlnsler Road
￿￿￿'¢h
Worc8Stershlre
Im￿ 9AY
Dato. 1&111..1..2.Q2t........
Paga 8

Hartlobury Ca9fle Pre￿1¥4110n Trust
Statqment of Flnanclal Actlvltles
Un¢orporatlng an Incorne and Expondlturè AccOLlllti
for tho Yoar Endod 313t March 2024
2024
Total
fundB
2023
Tol81
fund$
Unreslrlc
fvnds
R8Strfcled
funds
Notes
INCOME AND ENDOWMENTS FROM
Donallons gNJ lsgadss
152.347
71,851
224198
139,0￿2
Charltable acflvlll85
P￿serVatIon of Hart19￿lry CaslLg
2&221
26,221
23,8
other Irading actiV￿e$
Inve8trllent inBcrna
10.237
33.500
10,237
33,500
8,581
33,374
Total
221305
71,851
294,156
204,757
EXPEND￿uRE ON
Ralslng funds
16A95
17,929
2.799
Charltablo actlvltlas
PreseNolion of Haruebury Ca5d8
98,520
380,972
2W,865
Totsl
278.947
99,964
378,911
293,664
NET INCOMEIIEXPENDfFUREI
Tr¥nsfvT8 bthveen funds
158.6421
12.070
12&1131
112,070
1847551
1888071
24
Ngt movement In fund$
144.5721
140,1831
184,7551
188.9071
RecoNCIUATION OF FUNDS
Total fuTrJs broughtfoward
45M54
4558,326
4,604179
4.093.086
TOTAL FUNDS CARRIED FORWARD
1.282
4,518,142
4,619,424
4.604,179
The nots81omi partofthe68 finarKhl sknwants
Page 9

Hartlebury Castle Preseryatlon Trust IReylstered n￿nber.. 067792411
Balance Sh98t
31Bt Mareh 2D24
2024
Total
ftJnd5
3J23
Totsl
lunds
UNoStrf¢ted
funds
R•slrfot8d
fund8
Notos
FIXED ASSETS
Tanglble assets
H8rf18g8 ASS8ts
IrNesfynents
18
17
18
kY,e38
26,244
4490,260
52,880
*V90,260
78,452
4,490,260
26,837
4,516,504
4543,141
4,568.713
CURRENT ASSETS
Debtors
Cash at bank and in hand
89,517
135,162
69.547
136,800
40,305
216,051
224,679
1,638
226.317
2fjl.￿6
CREDITORS
knouThts fallins due wilhln one year
20
150,0341
15Q,0341
125,8901
NET CURRENT ASS￿8
174,845
1,838
178,283
235.488
TOTAL A%SEf5 LESS CURREKf LIABILITIES
2Q1.282
4618,142
4,719,424
1804.179
CREDITORS
Amountsfdling duo aft8r more than one year
21
1200,¢)001
1200,MOI
(20D,0001
NET ASSETS
1,282
4.518,142
4.519,424
4,eo4.179
FUND5
Unrestrrcted fvnds
Re8￿cted fvntss
1,282
4,518,142
45,8
4,558,325
TOTAL FUNDS
4,519,424
4.604,179
These financpal st8tements have bBen weparett In acwrlJan￿ wlth Ihe provish)ns applk8bla to r*8rltab18 c4mpani89
Subject b the SMBII compan￿8 regim$.
The fln
nclal statement5 were approv8d by th8 80grd of TNst8es and aut￿￿$•d for Isyue
. and wore 5rgned on ils behaK by..
on
h￿tt- Trus188
The notes fomi part 0fthes8fi￿dal stoloments
P￿8 10

Hirtlebury Castle Presetrvatlon Tn*t
C8$h Flow Ststement
lorth• Yéar ended 31st March 2024
2024
2023
Notos
Cash flDWS from operatlng aGtfvitles
Cash g8n8raled from operallons
Inte1th￿pally loan movement
14,0641
3,454
173
34
Nel cash (used In￿p￿ded by op8rallng aru￿1￿5
170,8101
207
Cash Iktwkfrorn InvoBtlng actlvllloB
Purchase oltangible fixed assets
Sal& of tangible fixed assets
Inter8St r8ceived
112,5011
3,739
121
114.6461
134
Net rash u8ed in invasllng acllvbs
18,6411
114.6121
Chango In cash and ¢asth 8qulvalgnts In
r&porUng pBdod
Cash and cash equlvalonts at the
bgglnnlng r•portlDg perlod
179.2511
114.3051
216.051
230.356
C8$h and ca9h eqylvalents at thè end of
th8 r8PQrtlng pgrlod
138,800
21e.051
Th& nL>tèsfDmi pllrtolthege financial gtat8Thr
Page11

Hartlebury Ca5tl8 Pr858r¥allon Trust
Not0$ to tho ¢a$h Flow Statgmgnt
fortha Yoar Ended 31st March 2024
RECONCILIATION OF EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024
2023
Mel 8xpgrndltureforthe reporttng p8riod las per the Statement of
Fln3nclal A¢tlvltl861
Adlustsnents foT-
Dèptscialion charges
Loss on dlsposal of fixed 855ets
InlÈresl fecelved
Ilncre88eydecr68se in debtors
Incrgasslldocrgaso) in credltors
(8475SI
188.9071
33,394
51.889
11211
147,6661
24,144
11341
111.504
(74,1791
Net ca$h lusgd Inyprovtdod by oporatlons
1740641
173
ANALYSIS OF CHANGES IN NEf FUNDSIIDEBT)
At 1.423
Cash flow
At31.3,24
Ngt cash
Cash 81 bank and In hand
216,051
179,2511
138,800
216,051
179.2511
136,800
Debt
Debts du& aftw 1 y6ar
(200,0001
1200,0001
(200,0001
1200,ODOI
Total
16,051
179,2511
163,21101
The notes fNrn ofthe8e finana81 st8t8ments
Page 12

Hartigbury Ca$llg Prn8¢rvatlon Trust
Notes to thg Flnanclal Statements
forth? Year Ended 31¥t Mar¢h 2024
ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial st8t8ments ol the charitable wmpany, whl¢h is a public b8nefft entty under FRS 1Q2, have been
p￿pared in a¢wrdance wlth Ihg Chadtl8s SORP IFRS 1021 'A¢rAJtsnllrvJ and ReportirvJ by Charities.. Stalemant
ol Recommènded Pra¢li¢e applKablg to chanles prgparing Ih8r accounts la acGordance with ihe NnaTrclal
Reporting Standard applcable In the UK and Republk of Ireland IFRS 1021 (effective 1 January 20191,, Flnandal
Reportlng Standard 102 Tre FIn￿¢131 Reporting Standard aP￿Icabl8 In tho UK and Repub￿ of Ireland, gr¥J the
Companlès Act 2006. Th8 financlal st&tem6nl$ hav8 b88n prepared undgr the hl$lorf¢al cost conVen￿on, ￿th Ihg
Oxctrp￿0n of Invg7tmpnls wh1(* are I￿￿ded al market valu8.
Th8 accounts are prepared In 3terflng, whlch Is the func￿0￿1 currency of th8 charitable c4mpany. Mono
arno￿t$ in thèse finandal stat￿ents ore roun(t8d to tho n6aresl £.
GOING CONCERN
After assassing wh&thgr lh8 golng eoncarn assumptlon ￿ appropriate, la￿Tr] Into occounl all available
Info￿￿￿￿On about future. whkh Is at least. but 1$ not lirrfled to. months frorn the date wh9n th8
finan¢kl staleFT￿nIS ar8 aulhorised, the Iru51e?5 CN5ider the charity ab￿ io continiue as a going concem.
PREPARATION OF CONSOLIDATED FINANCL4L STATEMENTS
The financial st8t8rn*nts ¢ontaln Inlomiaffion about Thg Hartlebury Ca818 PreSe￿a￿On Tn*t as Indwldulll
charity and do not contain consdidated finanoal infDrrllation a5 thB patent ol a group. The charity 18 ex8mpt
under Section 39912AI ol the Companles Act 2QQ8 and the Qh8rlles Act 2011 Saollon 139121 trom the
requlromBnts to prepHre c4)nsoINlated flnancid statements.
INCOME
All Incom6 Is rewnlsed In Ihe Statem8nt of Financ4al Aeti¥fdè$ once thè charlly h88 enyuement b th8 T￿￿$. it
is probable thatlh8 ￿n￿rne ￿11 b8 r8c8fv8d and th& amaunt r2n be rnaasured reliably.
Income from grants [Includin9 gov8mm8nl srantsl and donations ￿ rewgnis&Y in the period In whld) the charity
1$ gnlmkd lo ro¢*lpt and th8 ainount can ba mea$urgd rgasonablg ¢ertalnty. Income from grants Is on
eferrod wh8n th8 charity hBs to fulfu (xjndilions not yet m81 b81or8 beLyJmirvJ enlillgd to St or where the donor
has Sp8¢￿ed Ifrot thB Inwm81s to be èjwnc￿ in a futurg perfoLI.
Admksions subs¢rIp￿0llS aro ¢onsldgr¢d to bg, In subslan¢g, dorolons r8th8r than payment or 58NIc85,
Admysslong ar8 re(wnised on entry. Subscripliorts 8re recLunlgad over the p8nod to which they rglate Dn
ralyht-lhe ba8L%.
Rental income Is r8wgnlsod In Ilng w51h the parlods to whk* such I[￿o￿Ne ￿Lates, up lo U)e extant that
probable that such inBcrnB is rewverable. Where recoverabilty of rental income is in doubL Such incmi8
Instead reCOgn￿ed on a ￿9h ba4$.
Int8r8St Income L8 recognL%ed forall knterest4)￿rfnQ k181DJmerrts on an basis.
EXPENDftURE
UabilKles are recogni5ed as expendlbJre b5 Soon os there i8 a legal ur construdlv8 oblfgaoon commthg the
chanly to that expendiiure, 11 Is probable that a tran$ler of economic b8n8fi15 will be retyired in Setllement and
the amounl ol Ihe obllgation can be rnea5ured rdiably. Expenditure Is ac¢ounl8d fu on an accruals basiq and
has been da$sifled under headlngs Ihal aggr8gale all ¢081 relat6d to th8 C8togory. Wharo costs cannot bè
dlr8cUy attrlbuted io partiGvbr h2adings they have been allucated to actnitt*s on a basis o)nsi5tent the u3e
of resourc8s.
FiXED ASSET INVESTMENTS IN SUBSIDIARIES
Fixed a58et investments In subshliarl85 ar8 maasured 2t cost less Im￿m￿nI.
TANGIBLE HXED ASSETS
DepreCIall￿ Is pro￿d￿d at tha foll￿￿n9 annual ralgs In crfer to off oath as8gt OV8r tts 0511malgd us8fv1
Plarit arxl rnathlTrery
FLxlu￿s and fittings
Cornput8r equipment
20% on c08t
20% on CDSt
33% on ￿st
Ft<8d as¥ets o)sthg less thon £100 aro notc*pltalL%od
Pffje 13
contirlued...

Haruebury Ca$tle Pre8orvallon T￿￿t
Notes to the Flnancl81 Statemènts-contlnu8d
for th8 Yoar Endod 31st March 1024
ACCOUNTING POLICIES-contlnued
HERITAGE A8SETS
eri(auo 8580ts ore r8COWiS8d at cost and ar8 CDllsKl8r8d lo hav8 indeffnlto useful lfvgs. AS SUC￿ Herllag•
asse15 are not d8preclated and arè instead revlewed annu811y for Impalrm8ni.
TAXATION
Tha cth￿1ty 16 exempt from corporation t8K on its charitébla aeUvlU&s.
FUND ACCOUNTING
Unrostricted fvnds can b6 u88d In 8ccr*dance wlth the ch8dl8ble Ob￿clIveS atthe dBCTets￿ of the (ruste86.
ReStr￿ted fund5 can only b8 used for ￿rtICular r88trkted purpo585 ￿thIn the obierts of Charity. RestrEdons
arLsèwhen 8ped18d by tha donororwhon fvnds are ratsed fOrpa￿(￿19rr88IriQt8d purpos05.
FurU*r explanauon of th8 nalurg purpos9 of ea¢* thnd Is I￿l￿ded In the notes (D Ihe flnanL¥al statements.
PENSION COSTS
Th8 charflabb ¢ompany oporat85 a d8fin8d contribubon pon&on s¢hem9. ConlnbutEons p8yablg to tho
chatttable cornpan￿5 pen81on 8chem8 are tharged to th8 Stat8rnent of Flnandal AGUvllkds In tho POrf￿ ltr whtch
thgyr8late.
FINAN¢IAL INSTRUMENTS
The ch*ity has elecleé to apply the prO￿S1on5 of Section 11. Baslc Finandal Instrum￿18. and S8rJion 12 '0ther
Finan¢lal In51ruments1sSU8s' of FRS 102 10 811 of rfs finanoal irElryJm8ntS.
Fknenc191 Instrumonts gre rècog￿88￿ wh8n the charty b8cDm89 Party to contr8clug1 provlsl)ns ofthe InstwThnt.
Flnanclal as68ts are offset, with tho net amounts pres£nted In the accounts wher& Ih8re Is a kgal(y enfrAr8abl&
right to set off th8 r8cognls&d amounts and thgre Is an intent'on to 5etUa ￿ a wt basis or lo wllso assgt
and settl8 th8 Ilabllty sImultaneou￿y.
Bas1¢ Flnan¢lal As50ts
Baslc finandal assets, whlch Include tr8da and other recèPrfables and ¢ash and bank balances, are Inttlally
rnaa5urgd al transaction prfce Inckjdlng transacllon ¢0818 and ar8 sub59quenlly carried at amortt5gd LYsl using
the 8ffacUv8 Inter8St mathod unless the arrangement cons¥lu18s a financing transaction, whera th8 transaction 18
measured at tho prosont value of th8futur8 r8G8ipts discounted at & market rate of Intwesl.
Bastc Flnanclal Llabllltlo8
Baslo finan¢lal 118bllill&s. Includlng trade ￿ other pa￿168. ar& Intllalty rotr)gnl68é at trensaction pfi¢• unless
the arrangemgnt Co$￿ti￿rte6 a finanong ttan5a¢lK>n, where the debt Instrument 5$ me88ured at th8 pr98gnl y￿￿e
of luluro rocèip15. dlElXUnt8d at a rnarket rat8 of Int8r8sL D8bt lllstrumenls ￿ subsequenuy caniod at
8mortl8ed cost, U61ng the ellectlve Interest rate metl¥)d.
Trade payables are Obligati￿8 to pay for goods or serwK&s that hgv8 been acquir8d in th8 ordinary coursè of
U)0 operations 8Lsppliers. Aewunts payable ar8 clasvAfied as currgnt Ilablllues If payment Is due ¥￿t￿[n ono
year or 18ss. 11 noL they are pr6sented As nOn￿jrrenI Ilabl1￿e8. Trad8 Fqyable¥ ar& r8Lwni88d Inldally at
trdnsaGtlon cost.
CONCESSIQNARY LQA145
Concesstonary loan recewed from thlrf pa￿eS on whKh no Snter8St Is to b8 charg8d gr8 [r￿SSured at hk8tOriGqI
Page 14
continued...

Hartl8hury Castle Prn5•rvatlon Trust
NDtes to the Flnanclal StatemBnts- Gohtlnued
forthe Year Endod 31st March 2024
CRMCALACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
Th8 clkgrity makes e8tlmat8s arKI as8umpfy.ons con¢ernlng Ihe future. The resulbny eslitnattrs ￿11, by dgflnllton,
seldom equal thg a¢lual rwulls. The e5tirnal8s 35sumption5 Ihal hav8 a slgnllc8nl Ask of causlng materfal
adju81ment to th8 carrylno amounts of assgts and IIthIIUes wlthln Ih? next rin8n¢i81 yaar are addossed below.
The annu￿ depr8ciation charg8 fLY tangIb￿ ass81s is sensllfv• lo ¢hange5 h the eslmatsd useful lives and
re3idual vthJeB of the assets. fhg Useful Iwe$ and roskjual value8 are re-asse588d annually. They are amondod
when ne¢os5ary to r8fl8ct tw current e8UrnalÈs. based on the techrK)logical advan¢emgnl. futur8 investment,
erAJmmic utilisalian ar￿ thg physlcal condition ol thg assgts. Raies DI d8preciation are considered on a rAtogory
basLs and dL8ckJsgd wlhin th8 accountiw ford8pr8UatEon.
Valuatlon of H$rlla
A$$8ts
Herfkga As88ts forn 8 slgnllkanl part of the value of n91 a￿￿ts p8r Ihe b3lance sh8gl The ffnandal Ftstem¢nlB
are therefore sensllfve to thè Ghange in valu6 of these a55ets. HeAtage Ass&ts are recorded 91 wst a9 they are
typlcally unique and ther8forg no acllve market availab18. The Tru5t885 85se55 Hedtage Assets annually for
impaimionl.
DONATIONS AND LEGACIE8
2024
2023
Donallons
Don8llons from 5ub51di%ry
Grants
SubscrtptEons
AdmI5￿On8
25,104
58,179
73,122
1.258
66,535
13.041
67.235
1,085
1,484
56.157
224198
139,002
Grnnb re¢oivgd, indudgd In thg abov8, asfvllLw5'.
2024
Kt¢kstart
National Loliery Heritage Fund - Re￿I￿nce & Reoovery
HerfortlshI￿ & WDrGe5ter5hfv Gardens TruJt
Hartbbury Parfsh Coundl
1.085
69,851
2.000
1,271
73,122
1,085
OTHER TRADING ACTlVtllE8
2024
2023
FUndr￿￿ng 8V8nts
10.237
8,581
JNVESTMENTINGOME
2024
2023
Rents rocoived
Dew41 ac¢wnt Intor•st
33.379
121
33.240
134
33,500
33.374
Page 15
C4)nl(nued...

Hartl¢bury Ca811e Pre$ervaWon TNst
Notes to tho Flnanclal Ststemgnls- Gontlnu8d
for th¢ Y¥ar Endgd 31$t Mar¢h 2024
INCOME FROM CHARITABLE A¢TNrriES
2024
2Q23
A¢tlvlty
PreseNation ol F￿r￿ebUry Casilg
Othw Incomè
26,221
23.800
RAISING FUNDS
RAISING DONATIONS AND LEGACIES
2024
2023
Fundra*iThg event cosL¥
14,823
14Clal
OTHER TRADING ACTWMES
2024
2023
Pu￿ha$0S
200
INVESTMENT MANAGEMENT COSTS
2D24
2023
P￿perty manag8mentcc*ts
3,114
3,008
Aggr8gal8 amDWts
17.939
2,799
cHAR￿A￿LE ACTMTIES ¢OSTS
Diro
Cosls188a
note 91
SuppNt
C09ts1800
note 101
Totols
Preservallon ol Hathbury Castje
282AO8
78,564
360,972
DIRECT COSTS OF CHARITABLE A¢TNfriES
2024
Stsff costs
Rates and water
Insuranc8
Light and heat
Telephone
Advertling
Sundri8s
Propetym8lnt8nance
Compul8re4sts
8ecurity
167,813
1,964
33,738
16,707
3,791
10,298
2,4$8
25,775
15,810
4.054
133,892
3,322
31,￿3
15,Cl39
2,714
4,¢X5
2,9)0
19,023
4,5Q2
5,3Q7
282,408
221,947
Page 18
c¥)ntinued...

H8rtlebury Cttstle Pre$ervatlon Trust
Nots$ lo the Flnanelal Stal¢m¢nt$-contlnued
for the Year Ended 315t M#r¢h 2024
10.
SUPPORT CQSTS
Govarnance
CO8ts
Manag8ment
Flnanc*
Total$
PreservaN￿ ol HartL9bury Castt8
7,886
1,8OB
69,068
74564
Sur4)ort￿818, kndudgd In above, ar8 as fdbw5.'
2024
Presgrvatlon
2023
HarU•bury
Total
8¢IMtieg
Po8We and 3t8tion8ry
Tralnlng
Travd and sub8is18nce
Llcèn¢es and Subscriptions
Bankeharg85
Auditors. remuneralon
Account8ncyle•s
Legal and professEC￿31 fees
Payroll servl¢8s
D8precladon olt8TrJlbl8 fixed assets
L066 on $8le of taTrJlble r(xed as80ts
3.879
1.425
950
1,634
1,608
3,500
6.218
24,200
818
33,394
865
672
1,395
1,3S4
3,133
4.025
4323
434
828
51,689
78,564
68,918
11.
NET INCOME1(EXPEND￿UREj
Ngt Ir*L¥ngllexpendttur81 Is s¢4tad afi•r ChargIn￿(CredIt￿gl.'
24
2023
Depr8ciation-owned assets
Defidl on dlswsal offixed assots
33,394
940
51,889
12.
AUD￿0￿ REMUNERATM)N
2024
2023
Fees payable b th8 chadtvs audllors lor the audlt olth9 fJ)adty$ finandal
statements
3.500
4,0
13.
TRUSTEES. REMiINERATION AND BENEFITS
The￿ were no truste86' remunerath)n or other ￿enefitS tr tho year end9d 318t Marth 2024 nor for tha ygar
endgd 3181 Marth 2023.
TRUSTEES. EXPENSES
Tw) IrustO06 12023.. Three) wera rolmbursgd 8W5es tolalllng £2.038 in lh8 y8ar 12023.. £4.2751 Of thts
amount £1.351 12023.. £3,547) w85 in rtlatlon lo g8rdenlng and repair matorials purchas￿ for the rasila and
£68712023.. £74n vrds rtiwburslng mrfgage costs incurred by trustees to attend m9etlngs at tho casttg.
Paye17
ntlnued...

Hartl•bury Castk Pro￿rVatIon Tru6t
Not•s to th• FInal￿181 Statom&nt$- ¢on¢lNugd
forthe Year Ended 318t March 2024
STAFF COSTS
2024
2Q23
Waggs and salthe5
Social s8curlly costs
Olher pen*on ￿$ts
157,361
7,419
3,033
126,984
4.337
2,K11
167.813
133,892
No 8mpbs*&$ rEThuneralion Df over £60.000 {8Xc￿dIng emplw national insur¥nce and PenS￿n
costs).
Key managemont reml￿BrE11on lindudir#J employer national Insurance and p￿slon ¢ostsl In the year lots1￿￿
£55,06D12C123.. £51,379).
Penslon Costs relate to d8fined Contr￿110￿ sth8me5 Mly.
Tho aver4g8 monthly number of*ryknyees durfng th6 yearwa5 a5 follow5..
2024
10
2023
Trust staff
15.
COMPARATIVE8 FOR THE STATEMENT OF FINhNClhL ACTwmE5
Unreslrfded
funds
R￿trIcted
nds
Total
INCOME AND ENDOWMENTS FROM
Donations and legacles
189.(K72
139,002
Charftablo a￿l¥It1•$
Preservation of ￿arfe￿ry Caslle
23.WD
23,800
Oiher trading ac1liryt￿S
Invosbnenl IrKfAne
8,581
33,374
B,S81
33.374
Total
204,757
204.757
EXPENDITURE ON
Raising fvnd8
2.799
Charltable activltl88
Preservalon of PTrartlebury Casle
232,183
58.682
2>D￿65
Total
234,982
58,682
293,664
NET INcOMEIIEXPEND￿uRETr
Translers bahveen funds
130.2251
1831
158,6821
83
188,9071
Nèt movement In lunds
130,3081
158,5991
18B,9071
RECONCILIATION OF FUNDS
TDtal funds broughtfo￿ard
76,162
4,616,924
4,693,086
TOTAL FUNDS CARRIED FORWARD
45,854
4.558.325
4.ElJ4.179
P*J818
conlhued...

H•*l6bury Casllg Pr¢servaYon Trust
Notès to tho Fln8nclal Ststsments- Gontlnued
for the Year Endod 316t March 2024
16.
TANG18LE FIXED ASSErs
Flxturas
and
Pl8nl and
machinery
Computer
equiprn?nt
Totals
COST
At 151April 2023
Addlllons
Dlsposa
134,940
221,960
11271
17.520
1,230
15,5801
374,420
12,501
17,9271
12,3471
At 318t Marth 2024
132,593
233,231
13,170
378,954
DEPRECIATION
Al IslApril 2023
Chargèfor yèar
ElirnSnated on thsposal
117,709
5,176
11,407)
165,340
26,950
11919
295,968
33,3g4
13,2d81
{1,8411
At 31st Mar¢h 2024
121,478
192,290
12,346
328,114
NET 800K VALUE
At 31st March 2024
11.11S
40,941
824
52,880
At 31st March 2023
17231
56.620
4,601
78.452
17.
HERITAGE ASSETS
Total
MARKET VALUE
At 1st Awl 2023 and 315t M8reh 2024
4,49D,260
NET BOOK VALUE
At 31st March 2024
4490,2eO
At31Jl Maich 2023
4.490,2eKI
Th8 ￿ntag& aSSo1s cotnprise of H•rUgbury Ca511& and Its grounds. 51 18 one of tha oblectlv&s of the charfty lo
prasarv8 and manag8 Haruebury C8slle and 118 grounds. FolloMng the compblion in prb)r years, th8 initkl
Imwpvemenls and restorquon work folowing ils a(4ulslllon was considered r*cessary In ord8r to bdno the
wopety to a suitable condioon b8for8 il COU￿ ba opened to the publlc as a M8itor attraction. Ihe thsrfty is not
expe¢t8d10 make anyaddl1￿A9 to or dispwts of tho h￿tage assets held.
The herttage a$5ets are $ubl8et lo a tharge over the treeho￿ thle held by thg NalK)nal Heritage Memorkl FuThl.
. Mor8 datails are pro￿ded in Notg 22.
FtrVE.YE4R SUMMARY OF TRANSACTIONB
2024
2023
2022
202Q
C05t* start ofyear
AttdltkJns ift th• yaar
4,490260
4.4go.280
4,490.260
4,448,778
41.482
4.443,351
5,427
cost atth• yoar•nd
4490360
4,490,260
4,490260
4,490,200
4A4B.778
The Inttlaf purchase ol Hartl&bury Castle and grolnds wa$ In 2018 at 8 Cost of £2.272.000 All subsoqu8nt
Artdlllon5 r81al& lo ￿gnin¢•nI Improvem8nts and r8sloration work weig considered n&cas8ary In order lo
brillg the property to 8 Suitable eondlllDll before It coukj bè opeMd to tho pubbc 88 8 vlsltor attraction. AJI suth
Imprownanls ané r8storath)n wotk i& conddered to have bean wmpletod In 2021.
Page19
ntlnu8d..

Hartitbury Castlè Pr8servatlon frust
Not85 tothe Financlal Statoment5. contlnu
for the Year Ended 315t March 2024
FIXED ASSET INVESTMENTS
Shares
group
undertoklng$
MARKETVALUE
At 1stAprfl 2023 and 31st March 2024
NET BOOKVALVE
At 31st Marth 2024
Al 318t March 2023
Tha company'8 Inveslrnènts attho balanco shegtd&ts In tt)e share capltd of compan188 IrKlude th8fdknwng.'
Hardebury Castle Company Llmltsd INo'.092488841
Reglstored office.. Hartlebury Ca5tt8, Harllèbury. Kfddermlnster. Ervjla￿, DY117XZ
Nature of bu$lne$$.' To run Ihg Cafe, Shop & Events at the C88ife.
c￿￿8 of ¥h8r8:
Ordinary
hokllng
100
2024
2023
Aggr8gate capital and re8ervg6
Profit for year
58,179
67.235
19.
DEBTOR5.. AMOUNTS FALLING DUE wrrHIN ONE YEAR
2024
2023
Trade debt(f5
Amunts owed bygrwp wjertakhgs
VAT
9,059
1,219
23,502
55,737
8.394
4.674
18.743
15.494
PrePayrr￿￿tS and 8ccn)¢d Incomo
89,517
45,305
CREDITORS.. AMOUNTS FALUNG DUE WITHIN ONE YEAR
2024
2023
Trade Credltors
Social securlty and olh8rtaK8S
Penwon contr
Other creditor5
exper088
34974
3.357
708
19
9.978
11,742
2.330
1.924
9.438
50.034
25.890
Page 20
eontiThJed...

Hartlebury Cag110 PresoNatltsn Trust
Notes ¢0 the Flnanclal Statsmonts-contlnuod
for th• Year Ended 316t Merch 2024
21.
CREDrroR8: AMOUNTS FALLINO DUEAFTER MORE ThAN ONE YEAR
2024
2023
Olherb)ans Ise& not& 221
200,000
200,000
22.
LOANS
An an8lysl8 olthe maturfty of loans15 gwen bekny..
2024
2023
Amwntsf8lllro du8 ts9￿08n Nvo and fvo years:
Concesslonary loans
200,000
200.000
During tho 2020 accounting year Worcest8rshlrs Counly Counell made avallab18 an unsecured fadlly to
ald th8 chadty wllh cashfbw, In 20L Worcest8rsPdre County Coundl agreed to defer tho original repayment and
¢onvert£25,000 into a restrtctBd fulld grant to support the constDJctlon ofa new adventure playground.
Thère Is currenty no formal repayment da￿ fDr r8maining £200,000 12023.. £200.0001 owed to
Worc8518rshlr& County Councll, bJt it 1$ not exp6cled to be r6p8id wlthln the next 12 months. It1$ 8xp8ctsd thal
the loan p05itk)n wll ￿ reviewed 8fKI finaksed wthln the wlh t￿ Counul rryarfing Iher 1888a in
2(Y26.
No Interèst 58 charged on the loRn.
LEASING AGREEMENTS
erdli
Laase P
ents
Op8raVng le2$9 paymgnts of £62812023.. £8371 w8r8 rrradg durlng th8 y09r.
Durfng the year the charfty svJned 8 new OF*ralng 18858 for a photocoper. the fiJtLJra rnlnimum leasg
cormiilmgnt 1$ a5 lollows..
2024
2023
Not ￿ter than ona year
LAl8rlhan on8 and ml lator Ihan five war5
Laterlhan five y&ors
590
1,495
Lease Income
Tolal futur6 ￿￿nImuM 19ase Income whkh are reCe￿a￿a under noTreAncellai4e oF¢rnlng lea￿$, In r08F4Ct of
thv8slm8nt properl￿4 ore as f￿1C￿.
2024
2023
Notlaler Ihan ¢ne yeaT
Latsrthan one and not fater than fflve years
Laterth8n llve years
7,445
7,445
10,237
10,237
17,682
Page 21

Hartlebury Castle PreBer¥a¢lon Tntst
Note8 to the Flnanclal Ststsm8nts- contlnugd
foi the yo￿ End•d 31st march 2024
MOVEMENT IN FUNDS
Not
movement
Infunds
Transf8rs
belwéan
fu￿3
At 1.4.23
31.3.24
Unr8Strithd funds
General fund
Sfj,6421
11070
1282
Re$trfcted fund¥
Rgstwation and prgseNation fund
HLF r8&18nlfun
Culture recov￿ fund- claim 1
Cuttur6 r6covery fund- claim 2
Cuttur8 r8covery fund- cklm 3
Herèford & Worcester Garden Tn
4,535,284
IB,7801
193
16,8581
141061
(Aool
1,63B
4516.504
11931
14.4801
17,3971
11,138
11.503
400
1,638
4.556,325
28.1131
112,0701
4,518,142
TOTAL FUNDS
4,604,179
H7551
4519,424
N8trnovem8nt inknds. included in the above are asfollows..
Incoming
resour(¥s
R6$our¢e5
exp8nded
Mov8m8nt
In l￿d$
Unr8strf¢tsd fvnds
Gen8ral fund
222,306
12719471
158,6421
R88trid•d fvndB
Re8loraUon 8nd prewvation fvnd
HLF raslllantfund
Cuttur8 recovery fund- daim 1
Cuhurg iecovery fund- daim 2
Curture rocovèry fund- dairn 3
H8r8fr*d & WLYce8tsr Garden TTUSt
(18,7801
{69,8581
16,6581
14,1061
{4001
13621
118,7801
193
10,6581
14,1061
14001
1,638
68.851
1000
71.851
199.9841
128,1131
TOTAL FUNDS
294156
1378,9111
164.7551
Page 22
conllnued...

Hartlebury Ca$lle Pr•seNallon Trust
Notgs ¢0 th8 Fknan¢lal Sto1gmgnts-¢ontlDuod
for th• Y•ar End6d 31st 2024
2&
MOVEMENT IN FUNDS- ¢ontlnu•d
Comparallwsfor movament In lund$
Net
moyernent
In funds
Transf8rs
be￿98n
funds
At
31.3.23
At 1.4.22
unre$M¢1￿ thnd$
Genoral fund
Reserwe fijnd
Prdethd d8fi¢M for future yoars
1S,662
20,500
40,000
130,2251
60,417
{20.5001
{40,0001
4S.854
76,182
(30,2251
1831
45,8E4
Rastrlct•d funds
Rast￿o￿on and preBervalon fund
Magic ￿￿rrorfUnd
HLF r8siVant fvnd
CuttuFe recovery fund- dalm 1
¢utturr& reoov8ry fvnd- daSm 2
Cutture recovery fund- clalm 3
Hereford & WcfcesterGarden Trust
4.578.982
600
17
16003
18,669
709
143,6981
{6001
4,535,284
(s,￿)
17,0661
13921
11,2441
11.138
11.503
400
4,618,924
{58,5821
83
4,558,325
TOTAL FUNDS
4.693,086
188.9071
4,604,179
Comparativg net ￿￿￿ment In fvn(ts. incbd8d in th8 thv8 8re 86 tDIIows'.
InLX)mlng
re8ourc88
Resource5
•xp¢nded
Movement
fund$
Unr8Strkt8d funds
General turvj
204.757
1234,9821
130,2251
Rg$trlctad fvnd$
R83teraUon and Pr￿￿tIon fvnd
Magic ￿￿rrOr(Und
HLF raalanl fijnd
Culture re))very fund- dalrn 1
Cuftur8 recm8ry fvnd- dalm 2
Cultur& rKwory lund- daim 3
Her8ford &WorcestsrCarden Tru$l
143,6981
ieooi
143.6981
{eooi
18.6651
17,0661
13921
11,2441
15,8651
17,0661
13921
11,2HI
IS8,6821
1&8.6821
TOTAL FUNDS
2D4.757
1293,6641
188,9071
UNRESTRICTED FUNDS
Genwal fund
The g&neral fund is Ihal part of the unrestrths fvnd8 %thlch th8 thjstees may thoose to 8pend on any 8thty
yrithin th8 purpose8 of tho tharity.
Ro5orv• fund
The deslgnoted ￿se￿O fund was set up by the truslees to ensure that 5ufficipnt reservés were held by the
Charfly In ord8r lo ￿nd any ungxpeot8d exp8n(kture In future. Thls fund transf8rr@d back lo g6n8ral
bjnds In the year as tt)e truste&s reL)wnL%e the levol of general reswv85 and the need lo grow lh￿ reserye
firsL
Page 23
o)nlnued...

HartI¢l￿ry Ca$1¢ PYo$èNallon Trust
Noto$ to Ihe Flnanclal Statements ￿ contlnued
fortho Yéar Endod 31st Mar¢h 2024
MOVEMENT IN FUNDS-¢ontlnuèd
RESTrICTED FUN05
Re$tor8tlon and pre￿￿VatIOn fLtnd
The ￿stOratIon and prg8eptstion fund has baen reslrfcted by tho donor spgrifically to f￿d tho purthase and
restoration ol Hatyjebury Castle.
Maglc mlrrorfund
The charfty recalvad £3,000 lowarfs Ihe purchas8 and Inst8llatkin of a maglc mlrror. ThLq purchase vrds mad& in
Ihg 2020 acLounllng peilod and the as6et h88 now be8n depr8ciat8d in ftjll with the result that there Is no
balance rernal￿ng on Ihis f￿d.
HLF ros1￿¢￿1 lund
The charity is in r￿pt of a grant fron th& Nauonal Loilery H￿tage Fund Resilient Herllage progr8ThTh. ThL
grant suppots organi5alional developmgnt and income generation a5 ￿ charlty tran61iDn5 fvom
d81iv8ring th8 r8Storatlon and rtropgnlng lo b8(x>mlng a 5U5talnable herftage ￿ttr￿lion.
Culture le¢0￿ry fund
Tho charty wa$ awarded £143.757 from the Cul￿rA1 R8covary Fund a number of yoats ago, a fu￿ deslgned to
support th8 reopen￿ng of cultural and heritage sites gcross the UK f¢llowlng the coronawru5 pandemio Tha
mney h81pgd Ihe d)adty lo re¢over from months ol lost income whi15t the sile was cb5ed, Support Its reQ￿nIng,
fund ImpmomBntS to al￿￿sIbl￿ty of the grounds and cornpleto vllal malntenance works to presgNe fuiurg
of th8 rA8de. Tha balance an th18 fijnd
(s now nil as during the year the ￿MainIng balan¢e, whkh w8$ enlr8ly rgpresented by thp nBt Val￿ of
X8d assèts purchasad from Ihefund, w8r8 iran5fwr8d io 98n8ral fvnrJ6.
H8r8foYd and Worcestèr ¢3arden Tru$t
Du￿ng Ihg year the charily was award8d £2,￿0 to 5p8nd on mairrtenancB and Improvement of gardan area5.
Ttte 1$ a remalnlng baLgn¢o on thps fun¢J 01£1,638 al the year end.
TRANSFERS BETWEEN FUNDS
D￿ing year £193 was tranSfer￿d from the general fiJNI lo lh8 HLF reSI￿nt(und to cover a small d8fic4L
A further £11,877 was Iran8f81r8d lo ggn8ral funds In the yoar, b$lng Ihg n8t book valua of 258et8 purchased
from Ihg Cultur8 R8fA)vory Fund6, none of whth h8ve any reslrictions a8 lo re-sa￿ ond are therefc￿e fre& from
restriction.
25.
CONTINGENT LIABIL￿lEs
The purchase of Hartlabury Casl6 and grryjnds period 8ndad 31 March 2016 was mado p0S￿bI6 dug
to tho support of th8 National Heritage Memorfal Fund INHMFI by means of substanlkql grants as shown in
OU5 finarK]al 518tem9nb. The NHMF has regISte￿ a charpe over Ihe property and the Trust would not be
h a p05111on to disp088 of Ihe estate ￿thout th8 express agr08rwnt of NHMF.
Should the Trustees In18nd at any tim8 that th8 prep8ty be sotd, transferred or 0th8r right8 over the FmP8rty be
granted, the NHMF relalns tho rtght undor Ihe terms of hs grant lo require r8paymBnt of Such amount of the
proc88ds of the Sa￿ orof original grant a5 it sham 4t 115 s(A8 discrètion dotormlno.
As Hartlebury Castlè Preservation Trust was 85tabli5hed for the prfn¢ipal purpose of acquiring and rnaintsining
thè propety and Its contonts as a hbritage asset for the publk be￿￿t, Iha p05sibilily of Tfu5t di$poslng ol iho
astatèlg unllkety.
As a r88uIL I ts rnt pjsslblg to dolgrmlna what amwnt ￿ any, wouhd be repayable to NHMF as a r8wJtt of such 8
remDt& evenL
Pag8 24
conl'nued...

Hartlebury Castit Pre$8rvallon Trust
N¢)tss fo the Flnanclal Statsmont5. Gontlnu¥d
forthe Yoar endod 318t March 2024
2fj.
RELATED PARTY DISCLOSURES
Th8 charlty's Iradlng a5pecl slts wlknln 5ubsEdlary, Hartlebury Castl8 Cornpany iimlled. Al the year end It was
owed £1,489 12Q23.' £4,674> from Sts $ubsidlary. Tha subsldlary eh)mpany made donations totallhg £58.449
12023.. £67,235) to Ihe charty In the year.
FR¢ ETHICAL STANDARD- PRoVIS￿N$ AVAILABLE FOR SMALL ENT*TIE8
rx)mrron ￿th many other businesses of our 5Ize and nature we w our audilDF5 to a58181 wllh the weparnoon
of thgflnandal gtsteThnl and prwarg submlt rabjms to thp lax authorflle$ forthe trading Gompany.
Page 28