Company Registralion Number: 08085970
Charity Registration Number: 1148413
Chalke History Trust
(A company limited by guarantee)
Annual Report and Consolidated Flnanclal Statements
Year Ended 30 November 2024

Chalke History Trust
Trustees, Report
The Trustees Iwho are also directors of the charity for the purposes of the Companies Act) present their
annual report lincluding the strategic report for the purposes of Companies Act 2006} together with the
financial statements of Chalke History Tr￿st Ilhe company and the group) for the year ended 30
November 2024.
OBJECTIVES AND ACTIVITIES- MISSION AND PUBLIC BENEFrr
Alms
The objects of the Tnjsl are the promotion and advancement of the education of the public by the
study of history land allied subjects} and by the enhancement of the teaching of history in order to
foster an appreciation and greater understanding of the subject.
The Trust intends to carry out these objects by..
funding the Chalke History F8stival',
funding the Chalke History Festival for Schools..
funding visits to the festival. schools. festival and to other hislory-relaled sites and events by
schools unable lo afford such visits olhetwise: and
making grants lo applicants who apply for funding of projects which fulfil the objects of the trust.
Public Benefft
The Iruslees confimi that they have complied with the requirements of section 17 of the Charities Act
2011 to have due regard lo the public benefit guidance published by the Charity Commission for
England and Wales.
ACHIEVEMENTS AND PERFORMANCE
STRATEGIC REPORT
The following section on Financial Review and Future Developments constitutes the Strategic Report
for the purposes of Companies Act 2006.
f. PERFORMANCE FOR THE YEAR
a} Fundfiising
During the financial year to 30 Nov8mber 2024 the Trust received donations of £448,241 up 36.6% on
the 2023 financial year. These donations have been provided by charitable foundations and
individuals to support the activities of the Chalke History Festival and the Chalke History Festival for
Schools as well as the other objects of the Trust.
Notable donations to support the festivals indLJded'.
A donation of £47,000 from the Calleva Foundation. and a prior year donation of £75.000 was
paid in advance lo support the 2024 festival-
A donation of £50,000 from Peter Livanos.,
Two donations of £40,000 one for the 2024 festival and one for the 2025 festival from the
Blavatnik Family Foundation-
A donation of £20.000 from Ihe Chilton Foundation.,
A donation of£10,000 from Lady Cobham., and
A donation of £10,000 from the Andrew and Belinda Scott Trust.

Chalke History Trust
Trustees, Report
The trust seeks to raise funds from a range of individuals, foundations and trusts whose grant-
making and donation approach aligns with the trust. The Charity is not subject to any
regulation.
The fundraising team is monitored by the Board through regular U￿ates. No fundraising
complaints have ever been received.
In accordance with the safeguarding policy adopted vulnerable people are prolocled through a
series of carefully calibrated management processes.
b) Grants
In 2024 the Trust Was only able lo make limited grants from ils surplus unrestricted funds in response
lo third party applications. These grants tolalled £6,930 and were made in addition to the larger
grants lo Chalke History Festivals Limited of £512,450 and to CV Schools History Festival Limited of
£16,600. Al the grants were made in accordance with the Trust's grant making policy and the
requirements of donors to the Trust. Grants made outside the Trust group comprised-
Grants totallirbg £4.000 to 8 PhD students to fund tuition and research cosls.. and.,
Grants totalling £ 2,930 to three schools lo support batdefield tours and other history projects
c) Festlvals
The 2024 Chalke History Festival was held in the last week of June. The festival had a varied
programme of events and living history displays. The festival achieved a good level of sponsorship
income despite the broader economic challenges. Ticket sales were higher than in 2023 bul inflation
in operating costs resulted in increased costs so a deficit of £60,762 was recorded. The directors of
Chalke History Festivals Limited are taking steps to reduce this deficit by increasing ticket prices and
seeking more sponsorship revenue.
In 2024 the Chalke History Festival for Schools had a good performance with pupil numbers up
overBII compared lo the prior year. In addition, the second year of operating a SEN day saw a strong
increase in the number of special education needs pupils allending.
2. FINANCIAL REVIEW
The intention of the trustees is that the principal source of funding for the Trust will be direct donations
and third party funding as well as from any surpluses generated by the festivals. From the early years
of the festival, the directors of the feslival and the Iruslees deliberately buill-up reseNes. Although
these reserves have been partially utilised to fund operating cost inflation and investment in
capabililies of the festival, overall the level of reseNes in the Trust remains adequate. The trustees
intend to rebuild the reserves of the Trust in future years lo enhance the financial resilience of the
organisation.
On a consolidated basis, the Trust group had lolal incoming ￿SOurCeS of £1,416,36812023 -
£1,327,535). comprising of income from donations of £448,24612023 - £320,836), income from
charitable activities li.e. the operation of the two fests'valsl of £966.361 12023- £1,005.8851 and
investment income of £1.76112023- £8141. The Trust group's consolidated resources expended
tolalled £1.585.27212023 - £1,307,458) comprising.. expenditure on raising funds of £1,556,67212023
£1,276,939) and charitable activities expenditure of £28.60012023- £30,519).
The Trust generated a deficit of £1170,160112023 - surplus of £20,077} in the year to give
consolidated net funds of £240,440 to carry forward. Reslricled funds carried fotward were £2,400
and unrestricted funds carried forward were £238.040.
Chalke History Festivals Limited generated revenue including donations of £1.490.791 12023-
£1,262,691) and generated a loss after lax of £{60,762112023- profit 01 £5671. CV Schools History
Festival Limited generated revenue including donations of £8e,23212023 - £77,219) and generated
loss after lax of £13.030}12023 - £1126)).

Chalke History Trust
Trustees, Report
The Twst had donation and legacy income of £448.24112023 - £328,212), investment income of
£1,189 {2023 - £8141 and. after making grants of £540.29812023- £301,395) and incurring
govemance costs of £50012023 - £5001. il recorded a decrease in nel funds of £191,368). Al the
period end. the Trust had cash of £290.9118nd total nel assets of £274,141.
As in prior years, a significant proportion of the Trust's cash and funds carried forward al the financial
year end in November comprised early donations for the 2025 festivals.
3. PRINCIPAL RISKS AND UNCER TAINTIES
Risk management
The Trustees are satssfied that a process exists to assess the major risks to which the Charity is
exposed, in particular those related to the operation of the Festivals. The Trustees have deleg8led
responsibility for day lo day management lo the Boards of Chalke History Festivals Limited and CV
Schools History Festival Limited. The risk management procedures will be reviewed in detail again
during the 2025 financial year by the Trustees.
Reserves
The reserves of the Trust comprise a £50,000 long-lerm reserve held to support ils trading subsidiaries
and. in addition the trust holds a level of free reserves in unrestricted funds of £2.000. This free resetve
has been adoptert in line with Charity Commission guidance in order lo ensure Ihal there are sufficient
funds available lo facililale an ordedy winding up of the charity should it become necessary. In 8ddilion
to these longer-lemi reserves, the Trust had free cash reserves of £91.702 as al 30 November 2024.
Furthermore. Chalke History Festivals Limited had cash of £5,869 and CV Schools History Fesb'val
Limited had cash of £Nil al the year end.
4. PLANS FOR FUTURE PERIODS
The Tnjst intends to continue lo solicit funding and donations for ils aclviknes. It plans lo support both
the Chalke History Festival and Chalke Schoo15 History Festival for the long lemi and also lo continue
to make other grants to applicants who seek funding for projects which meet the Trust's grant-making
policy.
Structure, governance and management
Organisational structure
The Chalke History Trust was incorporated on 28 May 2012 as a company limited by guarantee and
is consliluted under articles of association dated 28 May 2012. The eslablishmenl of the Trust arose
from the desire of the founders of the Chalke Hislory Festival lo establish a charitable entity that
would promote the understanding and enjoyment of history to people of all ages. The Trust was
awarded charitable status by the Charity Commission on 2 August 2012. The Trust owns all the share
C8pilal of two trading companies.. Chalke History Festiva15 Limited. which operates the Chalke History
Festival. and CV Schools History Festival Limited. which operates the Chalke History Festsval for
Schools.

Chalke History Trust
Trustees, Report
Al the inception of the Trust, four trustees were appointed who had an interest in history. a local
connection to the Chalke Valley in South Willshire and skills relevant and useful to the Trust. Further
trustees were appointed in the period 2016 - 2018 who bring complementary skills lo the original
trustees. Tony Pastor. Warren Tucker and Shalina Patel were appointed as Iruslees on 17th
November 2023. Chris Culpin resigned as a trustee on 1 July 2024. Further trustees are being
sought in the next financial year. Trustees are recruited through the ne￿Ork of contacts of supporters
of the festival. Trustees undertake training utilising online training courses.
The trLJslees are the members of the company tsnd also serve as directors. As a company limited by
guarantee, all surplus funds generated by the Trust's activities are retained within the company and,
by law, are not capable of being distributed to the members of the company. The Iruslees meet on a
regular basis, as required. to review the past activities of the Trust and agree on the future aclivilies.
All trustees give their lime freely and no trustee remuneration was paid in the financi81 period. A
limited level of Trustee travel expenses were reimbursed during the year. Trustees are required lo
disclose all relevant interests and register them with the Chairman and. in accordance with the Trust's
policy, withdraw from a decision of the Trustees where a conflict arises.
The Trustees have reviewed the activities of the Trust and ils subsidiaries and assessed the risks of
the group and are satisfied that systems exist to miligale those risks where applicable.
D8y-to4ay management of the Trust's activities is handled by the Chairman. Peter Bell. and Rachel
Sykes.
Golng eoncern
Planning for future festivals remains challenging in light of the inflationary environment and the
consequent macro-economic uncertainties, but the directors of Chalke History Festivals Limited and
the Trustees are mindful of ensuring that the Trust's and Chalke History Festivals Limited's resources
8re deployed prudently lo ensure the longevity of the important cultur81 institutions that the Chalke
History F6stivals have become and to ensure that the objects of the trust are fulfilled.
The trustees have been encouraged by the success of the festivals operated in 2024 and the potential
to attract larger audiences and a wider sponsor base in the future.
In view of the support of our donors and the prudent level of financial reseNes in the Trust. the trustees
are confident that the Trust and the wider group can continue lo operate as 8 going concern.

Chalke History Trust
Trustees, Report
Reference and administrative details
Charity name: Chalke History Trust
Charity regi5trdtion number.. 1148413, Company registration number.. 08085970
Registered in England and Wales
Dir8ctors and Trustees
The direelors of the charitable company are its trustees for the purpose of charity law and throughout
this report are collectively referred lo as the trustees.
P.E. Bell- Ch8im8n
Lady P.M. Marfand
S.C. Whilmore
C. B. Culpin (resigned 30 June 20241
D.S. Bernstein
W.G. Tucker
S. Patel
T. Pastor
T.J Dolby
T.W Sanderson
S.E Hansen {8ppointed 10 March 20251
N. Siickland lappointed 10 March 20251
Auditors
PKF Francis Clark
Hitchcock House,
Hilltop Park.
Devizes Road,
Salisbury, SP3 4UF
SolS¢ltors
Wilsons Solicitors LLP.
Alexandra House,
St Johns Street,
Salisbury. SP12SB
Reglstered Offlce
Alexandra House,
Sl Johns Street,
Salisbury. SP1 2SB
Bankers
HSBC.
19 Minster Street,
Salisbury SP1 1TE
Lloyds
38 Blue Boar Row.
Salisbury, SP1 1 DB
Prlnclpal OffiGe
Unit 1 The Stables,
Chalke Pyt Farm.
Broad Chalke,
Salisbury,SP5 SET
www.chalkefestival.
om. which contsins more detail on the aims and aclivrties of the charity.

Chalke History Trust
Trustees, Report
Small Company Provisions
This report has been prepared in accordance with the small companies. reglme under the Companies
Act 2006.
TRUSTEES. RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The trustees (who are also the directors of the company for the purposes of company lawl are
responsible for preparing the Trustees, Annual Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Praclicel.
Company law requires the Iwstees to prepare financial statements for each financial year which give a
tnje and fair view of the stale of affairs of the charitable company and of the incoming resources and
application of resources. including the income and expenditure. of the charitable company for that
period. In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply them consislenuy.,
observe the methods and principles in the Charities SORP:
make judgemellts and estimates that are reasonable and prudent..
stale whether applicable UK Accounting Standards have been followed. subject to any material
departures disclosed and explained in the financial stalemenls..
prepare the financial statements on the going concern basis unless it is inappropriate lo
presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reason8ble
accuracy at any time the financial position of the charitable company and enable them lo ensure that
the financial statements comply with the Companies Act 2006. The trustees are also responsible for
safeguarding the assets of the charitable cornpany and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Compleleness of inforniatlon to audltors
In so far as the trustees are aware:
there is no relevant audit information of which the charity's auditors are unaware,. and
the trustees have taken all steps that they ought lo have taken lo make IhemseSves aware of
8ny relevant audit information and lo establish that the auditors are aware of that information.
The Trustees approved the Trustees, Annual Report, on .
Signed on behalf of the Iruslees
Registered office:
Alexandra House
Sl Johns Street
Salisbury
Witshire
SP1 2SB
P.E. Bell
Chaimian

Chalke History Trust
Independent auditors, report
for the year ended 30 Novernber 2024
Oplnlon
We have audrted the financial statements of Chalke History Trust Ithe 'charitYI for the year ended 30
November 2024, which comprise the Consolidated Slalemenl of Financial Activities, the Consolidated
and individual Balance Sheets. and Notes to the Financial Slatemenls. including 8 summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation is United
Kingdom Accounting Standards. comprising Charities SORP - FRS 102 'The Financial Reporting
standard applicable in the UK and Republic of Ireland, and applicable law (United Kingdom Generally
Accepted Accounting Praclicel.
In our opinion the financial statements..
give a true and fair view of the slate of the charity's and the group s affairs 8s at 30 November
2024 and of the group's incoming resources and application of resources. including ils income and
expendrf(ure. for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounling
Practice,. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Interrsational Standards on Auditing (UK} IISAS IUK}} and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the
charity in accordance wilh the ethical requirements that are relevant to our audit of the financial
ststement5 in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtsined is sufficient and appropriate lo provide a basis for our opinion.
Conclvsions relating to golng concem
In auditing the financial slalemenls, we have concluded that the Trustees. use ofthe going concern basis
of accounting in the preparation of the financial slal8menls is appropriate.
Based on the work we hav& perfomied, we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubl on the company's ability
to continue as a going concem for a period of at least twelve months from when the original financial
statements were aulhorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described
in the relevant sections of this report.

Chalke History Trust
Independent auditors, report
for the year ended 30 November 2024
Other information
The trustees are responsible for the other information. The other information comprises the information
included in the annual reF)Ort. other than the financial slalemenls and our auditor's report Ihereon. Our
opinion on the financial statements does not cover the other information 8nd. except to the extenl
olhernise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements. Dur responsibility is lo read the other information
and. in doing so. consider whether the other information ￿S materially inconsistent with the financial
slalements or our knowledge obtained in the audit or otherwise appears lo be materially misstated. If we
identify such material inconsistencies or apparent material misstatements. we are required lo detemiine
whether there is a material misstalemenl in the financial statements or a material misstatement of the
other information. If, based on the work we have perfomied, we conclude that there is 8 material
misstatement of this other infomialion, w8 are required to report that fact.
We have nothing to report in this regard.
Oplnlon on other mattgr prescrlbed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the inforniation given in the Trustees. Report for the financial year for which the financial
statements are prepared is consislenl with the financial statemonls- and
the Trustees, Report has been prepared in accordance with applicable legal requirements.
Matter5 on which we are requlred to report by exception
In the light of our knowledge and understanding of tho company and ils environment obtained in the
course of the audit, we have not identified material misslalements in the Trustees Report lincorF)orating
the Strategic Report).
We have nothing to report in respect of the following matters where the Charities Act 2011 require5 US
to report to you if, in our opinion-
adequate accounting records have not been kept, or returns adequate for our audit have not beer7
received from branches not Msiled by us.. or
the financial statements are not in agreement with the accounting records and retums,. or
certain disclosures of trustees remuneration specified by18w are not made., or
we have not received all the information 8nd explanations we require for our audit.
Responsibilitles of Trustees
As explained more fully in the Statement of Trustees, Responsibilitie5 Statement. the Iruslees (who are
also the directors of the charitsble company for the purposes of company lawl are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair Mew. and for
such internal control as the trustees determine is necessary lo enable the preparation of financial
statements that are free from material misstatement, whether due lo fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
continue 88 a going concern, disclosing, as applicable, mallers related to going concern and using the
going concern basis of accounting unless the Iruslees either intend to liquidate the charity or to ￿ase
operations. or have no realistic altemalive but lo do so.

Chalke History Trust
Independent auditors, report
for the year ended 30 November 2024
Audltols responsibilities for tho audit of the financial statoments
Our objectives are to obtain reasonable assurance about whether the financial slalemenls as a whole
are free from m8leri81 misstalemelll, whether due to fraud or error. and lo issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an
audit conducted in accordance with ISAS {UKI will always detect a material misstatement when il exists.
Misstatements can arise from fraud or error and are considerod material if, individually or in th
aggregate, they could reasonably be expected to influence the economic decision5 of users taken on
the basis of these financial slalemenls.
Irregularities, Including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detecl material misstatements in respect
of irregularities. including fraud. The exlenl to which our procedures are capable of detecting
irregularities, including fraud is detailed below:
As part of our audit planning we obtained an understanding of the legal and regulatory framework that
is applicable lo the Group. W8 gained an understanding ofthe Group and the industy in which the Group
operates as part of this assessment lo identify the key laws and regulations affectirkg the Charity. As part
of this. we discussed these with the relevant individuals responsible for compliance. The key regulations
we identified were Charity legislation, health and safety regulations and compliance with tax legislation.
We also considered those laws and regulations that have a direct impact on the preparation of the
financial statements such as the Companies Act 2006.
We discussed wilh management how the compliance with these laws and regulations is monitored and
discussed policies and procedures in place. We also identified the individuals who have responsibility
for ensuring that the Charity complies with laws and regulations and deals with reporting any issues if
they arise. As part of our planning procedures, we assessed the risk of any non-compliance with laws
and regulations on the Charity's ability to continue trading and the risk of material misstatement to the
accounts.
We also evaluated management's incentives and opportuniknes for fraudulent manipulation of the
financial statements. The key incentive identified is lo ensure a good financial position lo meet budgets
and we determined that the principal risks were related lo the overslatemenl of profit, either through
overstating revenue, underststing expenditure or management bias in accounting estimates.
Based on this understanding we designed our audit procedures lo identify rlon-compliance with such
laws and regulations. Our procedures involved the following..
Enquiries of management regarding their knowledge of any non compliance with laws and
regulations that could affect the financial statements. As part of these enquiries we also discussed with
management whether there have been any known inslances of fraud.
Reviewed filings with the Charity Commission and whether there were any serious incident reports
made during the year, of which there were none which had a material impact on the accounts.
Reviewed legal and professional costs to identify any possible non compliance.
Reviewed Board minutes.
Audited the risk of management override of controls. including through testing joumal entries and
other adjustrnents for appropriateness. and evaluating the business rationale of significant transactions
outside the normal course of business.
Reviewed e51imales and judgements made in the accounts for any indication of bias and
challenged assumptions used by management in making the estimates.
10

Chalke History Trust
Independent auditors, report
for the year ended 30 November 2024
Audited the risk of fraud in revenue recognition with a focus on completeness of income and
treatment of incorne around the year end.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities,
including those leading to a material misststemenl in the financial statements. The risk of not delecling
a material misslalement due lo fraud is higher than the risk of not detecting one resulting from error, as
fraud may involve deliberate omissions, collusion, forgery, misrepresentations, or the override of internal
controls. We are also less likely lo become aware of instances of non-compliance with laws and
regulations that afe not closely related lo events and transactions reflected in the financial statoments.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms
part of our auditorfs report.
Use of our roport
This report is made solely lo the charitable company's members. as a body, in accordance with sectlon
151 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our 8udil work
has been undertaken so that we might slate to the charity's trustees those matters we are required to
state lo them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we
do not accept or assume responsibilty to anyone other than the charity's trustees as a body. for our
audit work. for this report, or for the opinions we have formed.
Paul Giessler FCA (Senior Statutory Audilorl
For and on behalf of
PKF Francis Clark, Statutory Audltor
Hitchcock House.
Hilltop Park.
Devizes Road,
Salisbury.
SP34UF
15 July 2025

Chalke History Trust
Consolidated statement of financial activities
for the year ended 30 November 2024
Ilncluding Consolidated Income and Expenditure Account}
Unrestricted ReslrACted
fvnds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Notes
Incomg fmm..
Donations and legacies
Charitable activities
Investment income
31a)
31b}
3{cl
381.246
966,361
1.761
67,000
448,246
320,836
966,361 1,005,885
1,761
814
Total
1.349,368
67,000 1,416,368 1,327,535
Expgndlture on..
Raising funds
Charitable activities
1,485,102
28.600
71,570 1.556,672 1,276,939
28.800
30,519
Total
1,513,702
71,570 1,585,272 1,307,458
Net income/(expenditure) resourcos
Bgfore tax
Tax on activities
1164,334}
11,256}
{4,5701 1168,9041
11,2561
20,077
Net Income/{expendiTture) resources
after tax and before transfers
{165.5901
14.570) 1170,1601
20,077
Transfers be￿een funds
16
Net income / (expendlture)
and movgment in funds
1165,5901
14,570} 1170,1601
20,077
Reconciliation of funds
Total funds brought forward
403,630
6,970
410,600
390,523
Total funds carried forward
238.040
2,400
240,440
410,600
The results for the year deriv8 from continuing activities and there are no other gains or losses
other than those shown above.
12

Chalke History Trust
company no.08085970
Consolidated and charity balance sheets
at 30 November 2023
Consolidaled
2024
Charity Consolidated
2024
2023
Charity
2023
Notes
Fixed assets
Intangible assets
Tangible fixed assets
Investments
23,500
7.864
10
11
5,853
5,853
31.364
Current assets
Debtors
Cash al bank in hand
12
25.559
296,780
29.498
389,742
290,911
381,086
322,339
290,911
419.240
381,086
Crgditors.. amounts falling due within
one year
13
187.7521 116.7721 140,0041 115,5791
Net current (liabilities)/assets
234.587
274,139
379,236
365,507
Totsl assets less current
liabilities
240,440
274.141
410.600
365,509
Provisions for Ilabllities
15
Net
assets
240,440
274,141
410,600
365,509
Funds
Restricted funds
Unrestricted funds
16
2.400
238.040
2,400
271,741
6,970
403.630
6,970
358,539
Total charity funds
240.440
274,141
410.600
365,509
These financial ststemenls were approved by the Trustees on
behalf by..
and signed on their
P.E. Bell
Chairman
13

Chalke History Trust
company no. 8085970
Consolidated cash flow statement
at 30 November 2024
Year end8d Year ended
30
30
November November
2024
2023
Notes
Net cash Inflow /(oulnow) from operating activities
includlng grants receivable
19{al 194,723)
28.078
Cash outllow from inwestlng actlvltles
Purchase of fixed assets
Proceeds on sale of tangible fixed assets
Interest received
16861
200
814
1,761
1,761
328
In¢reas61(d&crease) in cash and cash equlvalents
192.9621
28,406
Cash and cash equivalents at 30 November 202312022
389,742
361.336
Cash and cash equivalents at 30 November 202412023
191bl
296.780
389.742
14

Chalke History Trust
Notes to the financial statements
forthe year ended 30 November 2024
Accounting policies
Consbtulion
The Charity is a cornpany limited by guarantee, incorporated in England and Wales. In the event of
the Charity being wound up, the liability in respect of the guarantee is limited to £10 per mernber of
the Charity. The registered office is shown in Reference and Administrative details in the trustees.
report.
Aeeounting conventlon
The charity conslilules a public benefit entity as defined by FRS 102. The fin8nci81 ststements have
been prepared in accordance with Accounting and Reporting by Charities.. Statement of
Recommended Practice applic8ble lo charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} issued on 16
July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland IFRS 1021. the Charities Act 20118nd the Companies Act 2006.
The accounts are prepared on a going concem basis under the historical cost convention and In
accordance with applicable accounting standards.
The presentational and functional currency of Chalke History Trust is considered to be pounds
sterfing because that is the currency of the primary econornic environment in which the company
operates. The accounts have been rounded lo the nearest £.
Chalke History Trust meets the definition of a public benefit entity under FRS 102.
Bèsls of consolidation
These financial statements consolidate the results of the charity and ils wholly-owned subsidiaries
Chalke History Festivals Limited and CV Schools History Festival Limited on a line by line basis.
The registered office of t)olh subsidiaries is Alexandra House. St Johns Street. Salisbury, Wiltshire,
SP12SB.
The charity has taken advantsge of the exemption contained within 408 of the Companies Act 2006
not to present ils own Income and Expenditure Account. The net decrease in funds lor the individual
charity was £91.368.
A subsidiary is an entity controlled by the charity. Control is achieved where the charity has the
power to govem the financial and operating policies of an entity so as to obtain benefits from its
activities.
Inter-company transact￿ns. balances and unrealised gains on transactions between the charity and
its subsidiaries, which are related parties, are eliminated in full.
Intra-group losses are also eliminated but may indicate an impairment that requires recognition in
the consolidated financial statements.
Accounting policies of subsidiaries have been changed where necessary to ensure consistency with
the policies adopted by the group.
15

Chalke History Trust
Notes to the financial statements
for the year ended 30 November 2024
1. Accounting policies (continued)
Golng concèrn
Planning for future festivals remains challenging in light of the inflationary environment and the
consequent macro-economic uncertainties, but the directors of Chalke History Festivals Limited and
the Trustees are mindful of ensuring th81 the Trust's and Chalke History Festivals Limiled's
resources are deployed prudently lo ensure the longevity of the important cultural institutions that
the Chalke History Festivals have become alld to ensure that the objects of the trust are fukfilled.
The trustees have been encouraged by the success of the festivals operated in 2024 and the
potential lo attract larger audiences and a wider sponsor base in the future.
In view of the support of our donors and the prudent level of financial reserves in the Trust. the
trustees are confident that the Trust and the wider group can continue to operate as a going concern.
Critical accountlng Judg•m•nts and key sources of estimation un¢ertointy
There are no key sources of estimation uncertainty or judgements used in the prep8ralion of these
accounts.
rangible fixed assets and depmelatlon
All categories of tangible fixed assets are capitalised at cost. Depreciation of tangible fixed assets
is calculated to write off their cost or valuation less any residual value over their estimated useful
lives. This has been provided at the following rates..
Equipment
7 years straight line
Intangible fixed assots and #Mo￿5abon
Intangible assets are slated al cost less accumulated amortisation and accumulated impairment
losses.
Amortisation is provided on intangible assets so as to write off the cost less any estimated residual
value, over their useful life as follows..
Asset Class
Website development
Amortisation melhod and rate
4 years straight line
Investmenls
Fixed asset investments represent investments in subsidiary companies and are recorded at cost.
Governance Gosts
Governance costs are those incurred in connection with the str8legic management of the charity
and compliance with slatulory requirements.
Fund accountlng
Unreslricled income funds are general funds that are available for use at the Iruslees, discretion in
furtherance of the general objectives of the charity-
Restricted funds are those which musl be used in accordance with specrfic restrictions imposed by
the donors or which have been raised by the charity for particular purposes.
16

Chalke History Trust
Notes to the financial statements
for the year ended 30 November 2024
Accounting pollcies (continued)
Incoming resources
All incoming resources becoming available lo the Charity are recognised in the Statement of
Financial Activities ISOFAI when the charity is legally entitled lo the income and the amount can be
quantified with reasonable accuracy.
Income relating to the running of the festivals (including lickel sales, sponsorship and advertising,
commissions and concessions} is recognised, nel ofvalue added tax where applicable, in the period
in which the event to which it relates takes place. Any income received in advance, for example
from sponsors, is recorded as deferred income to the extent that the service has not yet been
delivered.
R•sources expended
Expenditure is recognised in the SOFA on an accruals basis under headings that aggregate all costs
related to that category. Costs that cannot be directly attributed to particular headings are allocated
on a reasonable and consistent basis.
Grants payable are payments made lo third parties in the furtherance of the charitsble objectives.
Where the charity gives a grant with conditions for ils payment being a specific level of Se￿iCe or
output lo be provided. such grants are only recognised in the SOFA once the recipient of the grant
has provided the specific service or oulpul.
Grants payable without p6rfomiance conditions are only recognised in the accounts when a
commitment has been made and there are no conditions lo be met relating lo the grantwhich remain
in the control of the charity.
Provisions for grants are made when the intention to make a grant has been communicated lo the
recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
Volunteer and othor donated 5erviTces
The value of s8rvices provided by volunteers is not incorporated into these financi81 st8tements.
Taxstion
Income tax expense represents the sum of the current 18x currently payable and deferred tax. Tax
is recognised in profit or loss, except that a change attributable lo an item of income or expense
recognised as other comprehensive income is also recognised directly in other comprehensive
income.
The current income tax charge is calculated on the basis of lax r8les and 18WS that have been
enacted or substantively enacted by the reporting dale in the countries where the company operates
and generates taxable income.
Deferred tax is rewgnised in respect of all liming differences that have originated bul not reversed
al the balance sheet dale where transactions or events have occurred at that date that will result in
an oblig8tion lo pay more, or a right to pay less or to receive more. tax.
Operatlng leases
Rentals payable under operating leases are charged in the profil and loss account on a straight line
basis over the lease lemi.
17

Chalke History Trust
Notes to the financial statements
for the year ended 30 November 2024
Net incoming l {outgoing) resources for the year
This is stated after charging..
Group
Charlty
2024
2023
2024
2023
Depreciation,
impaimient
amortisation
and
25,551
14.031
Audilorfs remuneration
11,000
10,500
11,000
10.500
Operating leases
7.020
7.020
3. Income
(a) Voluntary income
Unreslrict&d Restricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Donations and grants
381.246
67.000
448,246
320.836
381.246
67,000
448.246
320,836
(b) Incom• from charitable activities
Unr8Stricted Restricted
funds
fvnds
2024
2024
Total
funds
2024
Total
funds
2023
Ticket sales
Sponsorship and advertising
Concessions
Membership fees
Bar income
Other income
552,895
229.433
74,823
55,470
20.175
33,565
552,895
229,433
74,823
55,470
20,175
33,565
555.806
309,463
67,137
39,313
15.298
18,868
966,361
966,361 1,005.885
18

Chalke History Trust
Notes to the financial statements
for the year ended 30 November 2024
Income (continued)
(c) Investm•ntincome
Unrestricted Restricfed
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Interest receivable
1,761
1,761
814
1,761
1,761
814
Expenditure- Charitable activities
Unresfricted Restricted
fvnds
funds
2024
2024
Total
funds
2024
Total
fund
2023
Grants paid
Admin costs- governance related .
6.930
21.670
6.930
21,670
13,986
16,533
28.600
28.600
30.519
2024
2023
{"} Support costs- governance related include
Aud&tors' r8muneralion
accountancy fees
audit fees
Legal and professional fees
Office expenses
Trade subscriptions
Insurance
Travel & subsistence
Bank charges and interest
5.528
11.000
3.657
565
269
3.831
10,500
769
535
181
259
75
383
328
323
21,670
16.533
5. Grants to instltutlons
Charity
Name of institution
Activtty
Chalke History Festivals Limf(e¢Y
CV Schools History Festival Limited
Historical education
512,450
Historical education
16,600
528.050
19

Chalke History Trust
Notes to the financial statements
for the year ended 30 November 2024
Net expenditure from trading activities of subsidiaries
Chalke History Trust had two subsidiary companies during the period ended 30 November 2024
details of which are given in note 11. Chalke History Festivals Limited (Company registration
number.. 082902601 and CV Schools History Festival Limited (Company registration number..
0853533261 are material lo the group accounts. A summary of their trading results is shown
below.
Year
2024
Year
2023
Tumover
Cost of sales
1,579,023
11,140,261)
1,339,838
1997,4831
Gross profit
438,762
342,355
Administrative expenses
Other operating income
1503.8231
1,953
1342.364}
450
Operating profit l{Ios5)
163.1081
441
Interest receivable
Interest payable
572
Profil before taxation
162,5361
441
Taxation
11.256)
Profit in year
{63,7921
441
7. Staff numbers and costs
The average number of staff employed during the year in the Trust group was as follows..
2024
No.
2023
No.
Management and administration
Event staff
18
17
The aggregate payroll costs of these persons were as follows..
2024
2023
Wages and salaries
Social security costs
Pension costs
260.866
15,396
6,067
215.836
11,611
5,171
282,329
232,618
20

Chalke History Trust
Notes to the financial statements
for the year ended 30 Noygmber 2024
7. Staff numbers and costs (continued)
The Key Management Personnel of the group comprise the Trustees of Chalke History Trust. there
were no emoluments paid to the Trustees in their capacity as trustees. No Iruslee was paid in 2024
12023 £6,250) in their capacity as 8 director of Chalke History Festivals Limited, as approved by the
Charity Commission.
No employee received remuneration amounting to mor8 than £60.000 in either year.
Four trustees received reimbursed travel and subsistence expenses of £62412023 £nill during the
year.
8. Taxation
Chalke History Trust is a registered charity and is exempl from taxation on ils income and capital
gains. The trading subsidiaries pay corporation tax on their trading profits. The consolidated lax
charge has been shown below.
Tax chargedl{creditedl in the income and expenditure account
2024
2023
Current taxatlon
UK corporation 18X
UK corporation tax loveryunder provision in previous year
1,256
Deferred taxation
Arising from origination and roversal of liming differences
Tax expellse
1.256
The lax on profit before tax for the year is higher than the standard rale of corporation tax in the UK
{2023 - lower than the standard rale of corporation tax in the UK) of 25%12023- 23.01 Yol.
The drfferences are reconciled below..
2024
2023
Nel incoming resources before lax
1168.9041
20,077
Corporation lax at standard rale
142.2271
Effect of income exempt from tsxalion
{112,3581
Effect of expense not deductible in delemiining taxable profit Itax lossl 135,538
Relief on losses carried forward
Overprovision in prior year
Deferred tax not recognised
4.619
173.9841
69,581
12161
1.256
19,047
Tax (income)/expense
1,256
21

Chalke History Trust
Notes to the financial statements
forthe year ended 30 November 2024
Intangible fixed assets
Consolidated
Website Development
Cost
At 1 December 2023
47,000
Additions
Disposals
AI 30 November 2024
47,000
Accumulated amortisation
At 1 DecerTrber 2023
Charge for the year
Impairment
23,500
11.750
11.750
At 30 November 2024
47,000
Net book value
AI 30 November 2024
At 30 November 2023
23,500
Amortisalion of £11,75012023 £11,750) is included in raising funds. Impairment of £11,75012023
£nill is included in raising funds.
22

Chalke History Trust
Notes to the financial statements
for the yoar ondod 30 November 2024
10. Tangible fixed assets
Consolidated
Fumiture, fittings
and equlpment
Cost
Al 1 December 2023
25,155
Additions
Disposals
At 30 November 2024
25,155
Accumulated depreclatlon
At 1 December 2023
17.291
2,011
Charge for the year
Eliminated on disposals
At 30 November 2024
19,302
Ngt book value
At 30 November 2024
5.853
At 30 November 2023
7.864
23

Chalke History Trust
Notes to the financial statements
for the year ended 30 November 2024
11. Fixed asset investmenls
Investments are dassified as follows..
Consolidated
2024
Charity Consolidated
2024
2023
Charity
2023
Fixed asset investments
Subsidiary undettsklngs
Company Namè
Country of
Incorporation
Principal
aetivlty
Class
Pefcentsge
shareholding
Chalke History
Fèstivals Limited
England
and Wales
Provision of history
feS￿ValS to the general
public
Ordinary £1
100%
CV Schools History
Festival Limltad
England
and Wales
Provislon of history
festivals lo schools
Ordinary £1
100%
Pr(>fiVILossl
for
2024
Capital gnd
re88rv8s
Ch81ke History Festivals LlmSted
CV Schools History FestlV81 Limit8d
122.3181 {60,7621
111,3811 13,0301
12. Debtors
Consolidated
Total
2024
Chanty Consolidated
Total
Total
2024
2023
Charity
Total
2023
Trade debtors
Prepayments and accnjed income
Other debtors
9,710
13,584
2,265
18,947
10,550
25,559
29,498
24

Chalke History Trust
Notes to the financial statements
for the year ended 30 November 2024
13. Creditor5: amounts falling due within one year
Consolidated
Total
2024
Charity Consolidated
Total
Total
2024
2023
Charity
rotal
2023
Trade creditors
other lax and soci81 security
AceTuals and deferred income
Corporation tax
Other creditors
2,568
6.919
76,766
572
16.131
1.566
21,122
79
16,200
15.500
1.499
1,185
87,752
16,772
40,004
15.579
14. Deferred income
Consolid81ed
Deferred
income
Total
2024
Total
2023
2024
Balance al 1 December 2023
Received during the period
Released during the period
2,737
57,291
12,7371
2,737
10,643
57,291
2,737
12,737) 110,6431
Balance as at 30 November 2024
57.291
57,291
2,737
At the balance sheet dale the group was holding funds received in advance for membership for
the new financial year.
15. Provisions for Ilabllltles
Consolidated
Deferred
tax
2024
Tolal
2024
Total
2023
Balance 8t 1 December 2023
Increaselldecreasel in provisions
Balance as at 30 November 2024
25

Chalke History Trust
Notes to the financial statements
for the year ended 30 November 2024
16. Restricted funds
Balance
B/Fwd
2024
Transfer fmm
Income Expenditure unrestricled
BalarRce
C/Fwd
2024
Foyle donAtion
Calleva Foundation
Chilton Foundation
6.970
14,570}
147,0001
120,000}
2,400
47.000
20,000
6,970
67,000
171.5701
2,400
17. Analysis of group net assets between funds
Unr8Strictsd
funds
Restricted
funds
Total
funds
Fund balances at 30 November 2024 are represented by..
Fixed assets
Nel current assetsllliabililiesl
5,853
232,187
5,853
234,587
2.400
Total net assets
238,040
2,400
240,440
Unrestricted
funds
Restrict8d
funds
Total
funds
Fund balances 8t 30 November 2023 are represented by..
Fixed asset5
Net current assetsllliabililiesl
31,364
372,266
31,364
379.236
6.970
Total net assets
403.630
6,970
410.600
18. Financial commitments
At 30 November 2024, the group had lolal financial commitments under no[}￿ancelIable
operating leases as set out below..
2024
2023
Payable one year
26

Chalke History Trust
Notes to the financial statements
for the yearended 30 November 2024
19. Notes to the cash flow statement
(a) Reconclliatffon of net movementffln funds to net cash flow from opèratlng aellvltles..
2024
2023
Net incomellloss} for the period before transfers
Ilncreasel l Decrease in debtors
Increase I IDecreasel in creditors
Depreciation. amortisation and impairment
Interest receivable
Loss on disposal
Tax expense
{170,1601 20.077
2,683 116,686}
47,748
11,327
25,511
14,031
11.7611
1814}
143
1,256
Cash generated from operation5
194,7231 28,078
Tax paid
Net cash inflow from operating activities
194,7231 28,078
(bj Analysis of cash and cash equlvalents
Group
Ye8r end&d Year ended
30 Novernber 30 November
2024
2023
Cash al bank and in hand
296.780 389.742
296.780 389.742
Analysis of net funds
l December
2023
Cash 30 November
flow
2024
Cash at bank and in hand
389.742
192.9621
296,780
Nel debt
389.742
192,9621
296,780
l December
2022
Cash 30 November
flow
2023
Cash al bank and in hand
361,336
28.406
389.742
Net debt
361.336
28,406
389,742
27

Chalke History Trust
Notes to the financial statements
for the year ended 30 Novfjmber 2024
20. Movement in funds
The movement in funds, during the year. for the group and Charity were as follows-
Consolidated
2024
Ch8rity Consolidated Charity
2024
2023
2023
Net movement in funds
Fund balances brought foThvard
1170,1601 191.3681
410,600
365,509
20.077
27,132
390.523 338.377
Fund balances carried forward
240,440
274,141
410.600 365,509
The results for the year derive from continuing activities and there are no other gains or losses
other than those shown above.
21. Related partles
All related party transactions are routinely reviewed lo ensure that they are appropriate. This
review process is designed lo ensure that in each instance the rolalionship is not material enough
to unduly influenc8 either party, that the relal6d party has the necessary skills and expertise to
deliver the service.
During the year, restricted donations from Trustees lo the Trust were £nil12023'. £nill.
During year the company paid £45012023.. £nill to an entity controlled by T Pastor (Trustee) for
8 promotional film for the website. The balance owed at year end was £nil {2023.' £nill.
28