**REGISTERED COMPANY NUMBER: 06749627 (England and Wales) REGISTERED CHARITY NUMBER: 1131148**
## **Report of the Trustees and**
## **Unaudited Financial Statements for the Year Ended 31 December 2024**
## **for**
## **The Jordan Trust**
George Hay Partnership LLP Chartered Accountants Brigham House High Street Biggleswade Bedfordshire SG18 0LD
**The Jordan Trust**
## **Contents of the Financial Statements for the Year Ended 31 December 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**|6|to|7|
|**Notes to the Financial Statements**|8|to|14|
|**Detailed Statement of Financial Activities**|15|to|16|
**The Jordan Trust**
## **Report of the Trustees for the Year Ended 31 December 2024**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charitable company's objectives are:-
(a) To promote the conservation of Holme Mills Biggleswade, Bedfordshire, and its environs with a view to increasing public knowledge and awareness thereof.
(b) To advance knowledge and educate the public in the understanding, appreciation and enjoyment of milling and its associated cultural and natural environment.
(c) To establish and carry on and maintain an educational and interpretive facility at Holme Mills, Biggleswade, focused on grain milling and its cultural and environmental setting including farming the natural environment gardens and other habitats including all types of animals and plants therein.
(d) To afford the general public and interested groups of persons access to Holme Mills.
## **Public benefit**
The Trustees continue to develop the Jordans Mill tour experience for visitors to make the most of the Holme Mills site.
Self guided as well as pre-arranged Mill tours are available and cover the process of flour milling, the benefits of wholegrains as well as a background to 1000 years of milling in the Ivel Valley.
Garden tours cover farming, including market gardening, as well as food production in Bedfordshire.
For younger visitors and their families there are a regular series of outside trails which are based in the outlying meadow and which encourage activity and fun.
The Trustees continue to work on improving the gardens and meadow and on interpreting local food stories and food history encapsulated in our slogan "Keeping our food heritage alive"
The Trustees have had due regard to guidance published by the Charity Commission on public benefit. The Trustees confirm that they have referred to the guidance when reviewing the Charity's aims and objectives.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Charitable activities**
The mill visitor experience benefits from a variety of enhancements to the site and also from exhibitions and events run periodically alongside normal activities.
## **FINANCIAL REVIEW**
## **Financial review and principal funding sources**
Income is derived from Mill admissions and Charity events and donations, plus a contribution from Holme Mills Heritage Centre Limited towards the costs of the gardens and meadow upkeep.
The Charity's trading subsidiary company Jordans Mill Trading Ltd carries out Mill Shop and Garden sales activities and donates 100% of its profits to the Charity.The profit donation to the Charity for the year was £1,078 (2023 £2,821).
During the year, a donation of £40,000 was received from Mr W J Jordan.
Page 1
**The Jordan Trust**
## **Report of the Trustees for the Year Ended 31 December 2024**
## **FINANCIAL REVIEW**
## **Reserves policy**
At the year end the Charity's unrestricted reserves, excluding fixed assets are £444,848, and the restricted funds are £13,005.
Note 12 details the movements in the funds.
## **FUTURE PLANS**
Considerations for further sympathetic development of the site and its activities are continually being investigated having regard to the Charity's objectives. Following the recent comprehensive site strategy project undertaken by consultants, the Charity is working towards various enhancements. Working with the Wildlife Trusts, and other interested parties, the first stages of development include refreshing signage in the Mill Farm and Garden to promote the principles of re-generational farming or "Farming for Wildlife".
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document & constitution**
The Charitable Company is registered as a charitable company limited by guarantee.
The Charitable Company is constituted under a Memorandum of Association and is a registered charity, number: 1131148.
The principal objective of the Charitable Company is to preserve the heritage of Holme Mills, Biggleswade, and its environs.
## **Recruitment and appointment of new trustees**
The management of the Charitable Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
During the year the Trustee team has been strengthened with the addition of three new Trustees as detailed below.
## **Organisational structure**
Mr R D Jordan has been delegated with the day-to-day management of the Trust.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
06749627 (England and Wales)
## **Registered Charity number**
1131148
## **Registered office**
Holme Mills Langford Rd Biggleswade Bedfordshire SG18 9JX
## **Trustees**
W J Jordan Miller R D Jordan Company Director W B Kendall Director J W Jordan Trustee (appointed 20.11.24) D D Jordan Trustee (appointed 20.11.24) Ms T M Jordan Trustee (appointed 20.11.24)
Page 2
**The Jordan Trust**
## **Report of the Trustees for the Year Ended 31 December 2024**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Independent Examiner**
R C Dilley FCA FCCA George Hay Partnership LLP Chartered Accountants Brigham House High Street Biggleswade Bedfordshire SG18 0LD
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 8 September 2025 and signed on its behalf by:
D D Jordan - Trustee
Page 3
## **Independent Examiner's Report to the Trustees of The Jordan Trust**
## **Independent examiner's report to the trustees of The Jordan Trust ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
R C Dilley FCA FCCA
George Hay Partnership LLP Chartered Accountants Brigham House High Street Biggleswade Bedfordshire SG18 0LD
9 September 2025
Page 4
## **The Jordan Trust**
## **Statement of Financial Activities for the Year Ended 31 December 2024**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Heritage preservation
Retail expenditure
Other Income
2
**Total**
**EXPENDITURE ON**
**Charitable activities**
Heritage preservation
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
55,696
-
67,052
8,049
130,797
102,577
28,220
1,560,537
1,588,757|Restricted
fund
£
-
-
-
-
-
4,657
(4,657)
17,662
13,005|2024
Total
funds
£
55,696
-
67,052
8,049
130,797
107,234
23,563
1,578,199
1,601,762|2023
Total
funds
£
269,194
58,442
-
6|
|---|---|---|---|---|
|||||327,642|
|||||83,938|
|||||243,704
1,334,495|
|||||1,578,199|
The notes form part of these financial statements
Page 5
## **The Jordan Trust**
## **Balance Sheet 31 December 2024**
|Notes
**FIXED ASSETS**
Tangible assets
6
Heritage assets
7
Investments
8
**CURRENT ASSETS**
Debtors
9
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
10
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
11
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
8,909
1,125,000
10,000
1,143,909
10,699
440,464
451,163
(6,315)
444,848
1,588,757
1,588,757|Restricted
fund
£
13,005
-
-
13,005
-
-
-
-
-
13,005
13,005|2024
Total
funds
£
21,914
1,125,000
10,000
1,156,914
10,699
440,464
451,163
(6,315)
444,848
1,601,762
1,601,762
1,588,757
13,005
1,601,762|2023
Total
funds
£
29,541
1,125,000
10,000
1,164,541
14,836
405,209
420,045
(6,387)
413,658
1,578,199
1,578,199
1,560,537
17,662
1,578,199|
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 6
continued...
**The Jordan Trust**
## **Balance Sheet - continued 31 December 2024**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 8 September 2025 and were signed on its behalf by:
D D Jordan - Trustee
The notes form part of these financial statements
Page 7
**The Jordan Trust**
## **Notes to the Financial Statements for the Year Ended 31 December 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The presentation currency of the financial statements is the Pound Sterling (£).
## **Legal status of the charity**
The Charity is incorporated as a Charitable Company, limited by guarantee. Further details are noted within the Report of the Trustees on page 2 of these accounts.
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows;
- the requirement of paragraph 3.17(d);
- the requirement of paragraph 33.7.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from services such as mill admissions, tour tickets and Charity events is recognised by reference to the stage of completion at the balance sheet date.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance and 20% on cost Fixtures and fittings - 25% on reducing balance
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Costs includes costs directly attributable to making the asset capable of operating as intended.
## **Heritage assets**
Heritage assets are fixed assets which are of historical significance and are held in order to advance the preservation and conservation objectives of the charity.
Page 8
continued...
**The Jordan Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024**
## **1. ACCOUNTING POLICIES - continued**
## **Heritage assets**
Heritage assets are not depreciated, as the trustees believe the life of heritage assets are sufficiently long and the residual value sufficiently high that any depreciation would be immaterial. Any permanent diminution in value is charged to the Statement of financial activities as it occurs.
General repairs and maintenance expenditure is written off in the year to which it relates.
Every endeavour is made to maintain, protect and safeguard the assets for future enjoyment.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Debtors and creditors receivable / payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
## **2. OTHER INCOME**
|Interest Receivable
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Independent examination fee|2024
£
8,049
2024
£
7,627
2,850|2023
£
6|
|---|---|---|
|||2023
£
8,616
2,760|
## **3. NET INCOME/(EXPENDITURE)**
Page 9
continued...
**The Jordan Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024**
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
## **5. STAFF COSTS**
The average monthly number of employees during the year was as follows:
||2024|2023|
|---|---|---|
|Garden and Administration|2|2|
No employees received emoluments in excess of £60,000.
## **6. TANGIBLE FIXED ASSETS**
|**COST**
At 1 January 2024 and
31 December 2024
**DEPRECIATION**
At 1 January 2024
Charge for year
At 31 December 2024
**NET BOOK VALUE**
At 31 December 2024
At 31 December 2023
**HERITAGE ASSETS**
**VALUATION**
At 1 January 2024 and
31 December 2024
**NET BOOK VALUE**
At 31 December 2024
At 31 December 2023|Plant and
machinery
£
41,653
22,345
5,069
27,414
14,239
19,308|Fixtures
and
fittings
£
205,521
195,288
2,558
197,846
7,675
10,233|Totals
£
247,174
217,633
7,627
225,260
21,914
29,541
Total
£
1,125,000|Totals
£
247,174|
|---|---|---|---|---|
|||||217,633
7,627|
|||||225,260|
|||||21,914|
|||||29,541|
||||1,125,000||
||||1,125,000||
## **7. HERITAGE ASSETS**
The Charity owns the Holme Mills Heritage visitor site consisting of the mill premises, the mill gardens and the mill meadow.
The Holme Mills Heritage visitor site is classified as a Heritage Asset and is stated at valuation. The Heritage Asset was independently valued in July 2019 by D W Clifton BSc FRICS.
Page 10
continued...
**The Jordan Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024**
## **8. FIXED ASSET INVESTMENTS**
|**VALUATION**
At 1 January 2024 and
31 December 2024
**NET BOOK VALUE**
At 31 December 2024
At 31 December 2023
There were no investment assets outside the UK.
**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Amounts owed by group undertakings
Other debtors
VAT
Prepayments and accrued income
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
VAT
Accruals and deferred income
**11.**
**MOVEMENT IN FUNDS**
At 1.1.24
£
**Unrestricted funds**
General fund
1,560,537
**Restricted funds**
General Fund
17,662
**TOTAL FUNDS**
1,578,199|2024
£
6,643
1,492
-
2,564
10,699
2024
£
1,486
384
4,445
6,315
Net
movement
in funds
£
28,220
(4,657)
23,563|Shares in
group
undertakings
£
10,000
10,000
10,000
2023
£
2,502
6,125
4,442
1,767
14,836
2023
£
2,151
-
4,236
6,387
At
31.12.24
£
1,588,757
13,005
1,601,762|
|---|---|---|
Page 11
continued...
**The Jordan Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024**
## **11. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
General Fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**Restricted funds**
General Fund
**TOTAL FUNDS**
Comparative net movement in funds, included in the above
**Unrestricted funds**
General fund
**Restricted funds**
General Fund
**TOTAL FUNDS**|Incoming
resources
£
130,797
-
130,797
At 1.1.23
£
1,312,176
22,319
1,334,495
are as follows:
Incoming
resources
£
327,642
-
327,642||Resources
expended
£
(102,577)
(4,657)
(107,234)
Net
movement
in funds
£
248,361
(4,657)
243,704
Resources
expended
£
(79,281)
(4,657)
(83,938)|Movement
in funds
£
28,220
(4,657)
23,563
At
31.12.23
£
1,560,537
17,662
1,578,199
Movement
in funds
£
248,361
(4,657)
243,704|
|---|---|---|---|---|
||||||
||||||
Page 12
continued...
**The Jordan Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024**
## **11. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
General Fund
**TOTAL FUNDS**|At 1.1.23
£
1,312,176
22,319
1,334,495|Net
movement
in funds
£
276,581
(9,314)
267,267|At
31.12.24
£
1,588,757
13,005|
|---|---|---|---|
||||1,601,762|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
General Fund
**TOTAL FUNDS**|Incoming
resources
£
458,439
-
458,439|Resources
Movement
expended
in funds
£
£
(181,858)
276,581
(9,314)
(9,314)
(191,172)
267,267|
|---|---|---|
The charity's unrestricted general funds are held to preserve the heritage of Holme Mills, Biggleswade, and it's environs.
The charity's restricted general funds represent donations made for the purchase of specific fixed asset equipment. The restricted general fund is released in line with the depreciation charged.
## **12. RELATED PARTY DISCLOSURES**
The charity recharged an element of costs incurred maintaining the mill premises, gardens and meadow to Holme Mills Heritage Centre Ltd. The amount recharged during the year was £15,600 (2023 £15,600).
At the year end the charity was owed £1,492 (2023 £6,125) by Holme Mills Heritage Centre Ltd.
At the year end the charity owed £162 (2023 £53) to W Jordan & Son (Holdings) Limited.
During the year Mr W J Jordan donated £40,000 to the Charity.
Page 13
continued...
**The Jordan Trust**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024**
## **13. GROUP UNDERTAKING**
The Charity's trading subsidiary company Jordans Mill Trading Ltd carries out Mill Shop and Garden Sales activities and donates 100% of its profits to the Charity.
The profit donation to the Charity for for the year was £1,078 (2023 £2,821).
At the year end, the Charity was owed £6,643 (2023 £2,502) by Jordans Mill Trading Ltd.
Page 14
**The Jordan Trust**
|**Detailed Statement of Financial Activities**
**for the Year Ended 31 December 2024**
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid
**Other Income**
Interest Receivable
**Charitable activities**
Recharged garden costs
Trust event sales
Mill admissions
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Social security
Pensions
Gardening and landscaping
Trust event purchases
Vat Partial Exemption
Plant and machinery depreciation
Fixtures and fittings depreciation
**Support costs**
**Management**
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Computer expenses
Travelling
Repairs and renewals
Cleaning
Carried forward|2024
£
45,696
10,000
55,696
8,049
15,600
37,731
13,721
67,052
130,797
25,321
1,462
400
8,319
16,047
4,936
5,069
2,558
64,112
10,980
1,073
252
1,082
1,451
2,646
301
89
195
754
1,096
59
17,386
600
37,964|2023
£
216,494
52,700|
|---|---|---|
|||269,194
6
15,600
31,754
11,088|
|||58,442|
|||327,642
23,357
1,245
363
7,704
12,616
-
5,206
3,410|
|||53,901
8,772
800
197
1,267
1,321
3,096
284
80
970
1,112
996
39
6,500
750
26,184|
This page does not form part of the statutory financial statements
Page 15
## **The Jordan Trust**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2024**
|**Detailed Statement of Financial Activities**
**for the Year Ended 31 December 2024**|||
|---|---|---|
|**Management**
Brought forward
Health and safety
**Finance**
Bank charges
**Governance costs**
Accountancy
Professional fees
Total resources expended
**Net income**|2024
£
37,964
422
38,386
715
2,850
1,171
4,021
107,234
23,563|2023
£
26,184
243|
|||26,427
850
2,760
-|
|||2,760|
|||83,938|
|||243,704|
This page does not form part of the statutory financial statements
Page 16