Company registration number= 07168282 Charity regisiraiion number. 1153988 The Brooke Heritage Trust (A company limited by guardnleel Annual Report and Financial Srai¢ments for the Year Ended 29 Febwary 2024 Thompson Jenner LLP Chartered A¢¢ountants I Colleron Crescent E.xeier Devon EX2 4DG
The Brooke Heritage Trust Contents Reference and Administrative Details Trustees, Report 2to3 Statement of Tru5tees' ResFK>nsibilities Independent Examiner's Report Statemeni of Financial A¢tivities Balance Sheet Notes to the Financial Siatements 8t0 17
The Brooke Heritage Trust Reference and Administratii-e Details Tru5tee5 A 'right lappoinied 13 March 2024) Y IM Ngui C Byrne B Mok {)ppointed 13 Kfarch 2024} L Brookc {resigned 25 April 2024) J Brooke (resigned l May 2024) K M Ronan (resigned 25 April 2024) Principal orrice Burraior House Shccpsior 'elK'erton Devon PL20 6PF The charity is incoTwJraied in England and Wales. 07168282 Compan). Regi.stration Yumber C.'harity Re%istration Number 1153988 Independent Examiner Thompson Jenner LLP Chart¢r¢d Aecouniants I Colleton Crescent Exeter Devon EX2 4DG Page I
The Brooke Heritage Trust Truslees, Report The trustees. who are direciors for ihe purposes of company law. present the annuai retM)rt togcthcr with the financial statements of ihe charitable companv for the ytrdr ended 29 February 2024. Trustees A Il'right lappoinied l J March 20241 Y Nl Nlgui C Byrne B Mok lappointed l.) March 20?41 L Brooke (resigned 25 .4pril 20241 J Brooke Iresi¥ned l May 2024) K Ronan (resigned 25 April 20241 Objecti&es 3nd xetiiities ObjeL*.i und The 0bjccticS of the charity are- th¢ advancement of educaiion. in particular but not exclusively of the histoTr of Sarawak and the period and legac) of the Brooke Raj. - the advan¢ement of arts. culture and heritage in particular but N)t exclusively in relation to Sarawak. and Ihe conservation. preS¢allon. r¢stordtion and improvement of buildings. siles. artefacts and other items and material education. historical or architectural ini¢resi in particular in relaiion to Sarnwak. objec11e5. 51ruie2ies und octiviii Generous supwn ai ihe beginning of the 23124 Financial l'ear enabled ihe charity to pri)ceed ivith the planned a¢quisition of 2n adjoining piece of land with a trdditional barn at BuTfdlor. The acquisition was completed in Jul). ?023. and discussions commenced for bringing the land and building into active Inanaucmeni. This culminated in a planning application for change of use to self-caiering holiday accommodation. which was submitted tO.ard the end of the financial )'ear. At the s2me tÈme. other conservation and improvement schemes continued at Burrntor. including the breeding of rdre breeds. re5toralion of boundaries. and managemeni of conservaiion grazing across the cstaie. I'he principal focus of Ihe charity s iruslccs rcmairied on invcstigating ways lo make the estate sustainable in the long ierni. m.ith particular regard io rising overheads. Future plans The trustees will continue to invesiigaie possible uses for the newly 4¢quired land and building at Burrator. with a view to long tern) sustainability. while also Iking at the sustainability of the wider Burrdior Estate. Puhlic benefit The trustees confirm that thev have complied wilh ihc requircwnents of section 17 of the Charities Act 201 I to hav¢ du¢ gard to the public benefit guidance published by the Charity Commission for England and ,8]¢$. Page 2
The Brooke Heritage Trust Trustees, Report Strueture. goi'ernance and management Ivalure ofgoverning doctsmeni The Brooke Heritage Trust is a ffgi$t¢ ¢harity (charity registrdtion number 1153988) and also a company limited bv guardntce noi having a share ¢apiial l¢ompanv regisirdtion number 071682821. The conipan)'s memorandLim and articles of association dated 24 February 2010. as amended by special resolution on 9 October 2013. aTe It5 prirnary governing documents. Recruitmenf and appniniment of tru.%tee.f P0erS 10 appoini irusiees rests 1th the Ex)ard of tNslee%. Induclion und irllininR ofiruslees TrustCe5 are provided with an induction pack containing key documents such as the Charity Commission's elcome leafler 'The Essential Trusiee,. and a summary of the Trustees Aci. Financial review For the year ended 29 February 2024. income was £291.426 (202J= £80.682) and expendiiure was £166.060 (2023= £1 ?4.0161. Total funds at 29 Fcbruary ?024 were £711,086. all of which were held in unrestricted funds {?0•3- £585.7?Oi. Ai the end of the )'ear, cash at bank was £471 1202).. £8.J771. PoliL)' on resen'es The charity is curr¢nilj building its free reserves in order to undertake projects outlined in this report. as well as in particular to continue io support ihc Burralor projcct and to proi'ide a h¢#lth)' buffer for its operation into the future. Funds in deficil Ar 29 February ?0?4, free resees. defined as unrestricfrd net Cent assets. was in deficit of £16.625 (202J- deficit £12.9591. The charity's main 8ss¢i remains Burrator House. The free reserves target is £45,000. The trusl exp¢ets to benefit from funher donations from the group of ctmimitted SFonsors WIK) have rcgularly donated to the TTUSt. as lyell as io grow the reseTr'e fund from projecied income generaied from ihe asgei. The annual report was approved by the trustccs of the charity on .. 19111124 . and signed on its behalf by.. A Il'riqht Trusree Page 3
The Brooke HeritaRe Trust Stalement of Trustees, Responsibilities The trustees (who are also ihe directors of The Brooke Herilage Trust for the purposes of ¢ompany lawl are responsible for preparing the tru5t¢¢s' report and the financial Stsiements in accordance with the United Kingdom Accounling Standards (United Kingdom Gener311y Accepted Accounting Practice) and applicable law and regulations. Compan), law requircs thc tnisic¢5 10 prepare financial st3iements for each fEnan¢ial vear. Under company law rhe tru%iees mu£1 not approve the financial sraremenis unless ihey are satisfied that ihey give a true and fair view of the state of affairs of the charitable compan) and of its incoming resources and application of resources. including its income and expcndilure. for ihal pcriod. In prcparing thesc financial slatcmcnts. thc trustecs are required to: sele¢t suitable accounting policies and applv ihem consistently. observe ihe meihods and prin¢iples in the Charities SORP. make judgcmcnts and Csiimaies thai are reasonable and prudeni; state whether applicable UK Accounting Siandardg have been followed. subject io any maierial departures dis¢losed and explained in the financial statements: and prepare the financial statements on ihe going concern basis unless it is inappropriate EO presume that the charitable compan). will continue in business. The injstees are reswnsible for keeping adequate accounting records that are sufficient to show and explain the chariiable companv's transactions and disclose wilh reasonable accuracy at any time the financial posiiion of ihe ¢hariiable companv and enable them to ensure that the linancial statements complv with the companies Act 2006. The) are also responsible for safcguardino the assets of the charitable company and hence for taking reasonable steps for the prevention and detection offrnud arid other irregularities. 19111124 and signed on its behalf by= Approved by the trustees of the charitv on .. .... A Ivrioht Trustee Page 4
The Brooke Heritage Trust Independent Examiner's Report to the trustees of The Brooke Heritage Trust I report to th¢ ¢harity tn1¢¢5 on my eknmination of ihe accounts of the charity for the y¢ar end¢d 29 February 2024 which are sel out on pages 6 10 17. Respeetive responsibilities oftrustees and examiner As the charity's In15tees of Th¢ Brooke Herilage Trust (and also ils directors for ihe purposes of company law) you are responsible for Ihe prepar4tion of the accounts in ac¢ordance with the r¢quirem¢nt5 of the Companies Act 2006 ('th¢ 2006 Act.). Hoving satisfied myself that the accounts of The Brookc Heritag¢ Trust are not requir¢d to be audited under Part 16 of the ?006 Act and are ¢ligibl¢ for independent examination. I report in r¢speci of my examination of your charity's ac¢ounls as carried oul under seclion 145 of th¢ Charities Act 2011 I'the 201 l Act'}. In carrying out my examination I have followed ihe Dire¢tion5 given by the Charity Commission under section 145(5Kb) of the 2011 .4¢t. Independent examiner's st*¢emen¢ Since The Brooke Heriiage Trnsi's gross income ¢.x¢¢ed¢d £250,000 vour examiner must b¢ a member of a body listed in section 145 of the 201 l Act. I confirni thai l am qualified to undertak¢ the examination becaus¢ l am a member of Instiiue of Chartered Acrounlants in England and Wales, which is one of the listed bodies. I hav¢ completed my examination. I confim) thai no matter5 have come io my &tt¢ntion in conneclion with the examination byiving me cause tn believe.. ac¢ounling record5 were not kepi in respect of The Brooke Heritag¢ Trust as required by seclion 386 of the 2006 Act. or 2. the accounts do noi accord with those r¢¢ords: or 3. the accounts do nol Lomply with the accounting requirements of seclion J96 of the 2006 Act other than any requirement that lh¢ acwunts give a 'true and fair view, which is noi a matter considered as part of an independent examination- or 4. th¢ account5 have not been prepared in ac¢ordance wilh the methods and principles of th¢ Siaiement of R¢Lommend¢d Practice for aocoiinting reporting by charities lapplicable to charilies preparing their accounts in accordance with ihe Financial Reporling Standard applicable in ihe UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters in ¢onne¢tion with the examination io which attention should b¢ drawn in this report in order to enabl¢ a proper underslanding of the ac¢oun¢s to be rehed. Jon Wesil¢y FCA Instilue of Chartered Accounianis in England and Il'ales Thompson Jenner LLP Chartered Accounianls I Colleton Crescent Exeter D¢von EX2 4DG Page 5
The Brooke HeritaRe Trusl Statement of Financial Activities for the Year Ended 29 Februan. 2024 (Including Income and Expenditure Account and Stalement of Total Recogniscd Gains and Losses) L'nrestricted funds Total 2024 Income and EndowmeDIs frotn: Donaiions and legacies ?91.426 291.426 Total income ?91.426 291.426 Expenditure on: Raissng funds Charitable activities {5.7011 1160.-i691 {5.701) 1160.3i9 Total expenditure 1166.0601 (166.0601 Net incomc 125,366 125.)66 Net movement in funds 1 ?5.366 125,i66 Reeonciliaiion of funds Total funds brought forw'ard 585.720 585.720 Toial funds ¢arried forward 15 711.086 I'nrestricted funds 711.086 Total 2023 Income and ET]dow'menis from: Donations and legacies 80.682 Total income 80.682 80.68? Expenditure on: Raisin¥ funds Charitable activities 12.5111 I1?1.5051 11?l.f051 Total ¢xpendiiure 1124.0161 1124.0161 Net expenditure {43.3i41 143.3341 Net movcnTrcnt in funds {43J)4} 143.334) Reconciliaiion of fllnds Total funds brought forward 6?9.054 629.054 Toial funds carried forward 15 585.720 585.790 All of the charity's activities derive from conlinuing operations during thc 2lK)ve periods. The fi]nds bredkdown for 202.) is shown in note 15. Page 6
The Brooke Heritage Trust (Registration number: 07168282) Balance Sheet as at 29 February 2024 2024 2023 Fixed assets Tanuible assets Heritage assets 10 1.3i8.429 1,221.064 140,765 1.48?.Oi6 l.J61.8?9 Curreni assets Cash at bank and in hand 12 471 Creditors: Amounts falling due wiihin one vear 13 117.096} 121.3361 'et current liabilities 116.625} 112.9591 Tot818ssets It55 current liabilities 1.465.4i I 1.348,870 Creditors: Amounts falling due after more than one veAr {754.3451 {763.150} et assets 711.086 585.720 Funds of the chgrits-: tinrestricted income fund5 Linresiri¢ied tunds 711.086 585.720 Total funds 15 711.086 585.720 For the financial year ending 29 February 2024 the charity was entitled to exemption from audit under section 477 of thc Companies Act 2006 r¢laiing io small companies. Dire¢rors' re5ponsibilities'. The menibers have not required the charity io obtsin an audit of its accounts for the year in question in accordance '7th leciion 476- and The direciors acknowledge their reswnsibililies for complying with the requirements of the Aci with respect to accounting records and the prepardtion of accounts. These accounts have becn prcpared in accordance with thc provisions applicable to companies subject to the srnall companies regime. Thc financial stmiements on pages 6 to 17 were approved by the irustCC5, and authorised for issue on 1.9.111124 and signed on their behalf by: A Wright Trustee Page 7
The Brooke Heritage Trust Notes to the Financial Statements for the Year Ended 29 Februan" 2024 I Chariti. sl#tu4 The charilN' is limited by ouardntee. incorwrnied in England and Wales. and consequently docs not have share capital. Each of thc trusices is liable to contribute an amount not cxceeding £1 iowards the agsets of the charity in the event of liquidaiion. The address of its registered office is: Burraior House Sheepstor Yeli'crton Dei'on PL20 6PF 2 .leeounting policies Suwnmar) of significAnt accounting policies and key aceounting estimates The principal accolinting poliLics applied in Ihe preparntion of ihcsc financial stat¢m¢ntS are set out below. These policies have been consisientl}' applied to ail ihc )'&vs presenied. unless oiheNise siaied. Statement of compliance The financial staiements have been prcparcd in accordance wilh Ac¢ouniing and Reportinu by Charities.. Statement of Recommended Prnctice applicable to chariiies preparing their accounts in accordance 1th the Financial Reporting Standard applitable in the UK and Republic of Ircland IFRS 1021 l¢ff¢£tive l January 201 il - Icharitlcs SORP IFRS 10211. the Financial Reporting Standard applicablc in the L.k and Republic of Ireland IFRS 102). They also complv with the Companies Act 2006 and Charilies Aa 2011. Basis of preparation The Brooke Heriiage Trusi meets the definition of a public benefit entity under FRS 102. Assets and liabiliiies are initially recognis¢d at hisiorical cost or transaction value unless otherwise slated in the relevant accounting policy notes. Goine Concern Thc trustc¢s consider that there are m material uncertainlics about ihe ¢harity'S ability io continue &$ a going concem nor any signifjcant areas of uncertainry ihat affeci ihe carrying valije of As%et.s held hy the charity- Intome and endow'ments All income is recounised once the charity has cnlitlcment ihe income. li is probable thai the income will be rceeived and the amount of the income receivable can be measured reliably. Dvndiions and legacie5 t)onations are recognised wh¢n the ¢harity has been notified in WTiting of both the amount and settlement dale. In ihe ¢veni thai a donation is subjcct lo conditions that require a level of perforn)ance by ihe charit!, before the charitv is entitled to the fiinds. Ihe in¢om¢ is defeed and not recognised until either those condilions are fully met. or the fulfilmeni of ihose ¢onditions is wholly within the control of the Charits" and if is probable that these conditions will be fulfilled in the rewrting period. Page 8
The Brooke Heritage Trust Notes to the Financial Statements for the Year Ended 29 February 2024 Grants receivable Grants ar¢ recognised when ihe chariry has an entitlement to the funds and an!. conditions linked to thc grants have been mei. Il'here perfomiance conditions arc attached to thc grant and are yet lo bc n)eL thc inLoine is recognised as a liability and included on the balance sheei 8g defeffed income io be relead. EKpenditurt All expenditllre is re¢ognised once there is a legal or constructive obligation to that eypenditure. it is probable seitlemenl is required and the amounl can be mcasured reliabli.. .411 costs are allocatcd to the applicable expenditure heading that aggrege similar costs io ihai caregorv. W'here costs cannoi be directly attributed to particular headings ihe). have been allocated on a basiq ¢onsigtcnt 1th ihe use of resources. with centrdl staff Costs allocaied on the basis of time 5penL and depreciaiion ¢harge5 allocal¢d on thc portion of the asgel's u5C. her support cosis are allo¢ated b&q¢d on the spread of staff costs. Roisingfu4Yds These are costs incurred in attracting voluntary tntome, the man2geTneni of inv¢51m¢nts and thos¢ incurred in irading aciiviiies that raise funds. Churilable actiitilies Charitable ¢xpendiiure comprises those costs incurred by the charity in the delivery of its activities and services for irs benefi¢iaries. It includes IK)th costs thai can be allocated directly to such activities and those costs of an indirect nature necessary to SUPTM)rt them. GraNI provisions Provisiong for gyrants are made when the inieniion to makc a grdni been communicaied io the recipient but there is uncertainty about either the timing of thc grdnl or thc amount of grant payable. Governance eosts These include the costs attributsble io thc charity's compliancc with constitutional and ststutorv requirements, including audit. Itrategic managemeni and iTUStees's meeiings and reimbuTsed expenses. Goi'ernment grant5 Goi'emmeni grants are recognised based on the accrual model and are measured at the fair value of the assel received or receivable. Grants are classified a5 relating cither lo revenue or io assets. Grdnts relating to revenue are recognised in income over the period in which the related costs are recoqnised. Grants rela(inL to asgets are rccognised ovcr the cxpccted useful life of ihe assei. Where part of a grant relating to an asset is defeed, it is recognised as deferred income. Taiation The charity is considered to P&55 the tests Set out in Pardgrdph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for LK ¢orporaiion t&x purposes. Accordingly. the ch1, is potentiall). excmpi from &ation in respect of income or capital gains received within ¢aiegories coi'ered bv Chapier i Part 1 l of the Corporniion T&x Aci 201 O or Section 256 of the T&xaiion of Chargeable Gains Act 199? io the extent that such income or gains are applied eiclusivelv to charitable purposcs. Tangible fjxed assets Individual fiyed asgeis co4ting £0.00 or more are initially recorded ai cost. less any subsequent accumulated depreciation <lnd subsequent accumulated impairn)eni losses. Pagc 9
The Brooke Heritage Trust Notes lo the Financial Statements for the Year Endcd 29 Fcbruarv 2024 Heritage 45sets The charity owns 5cvcral anliques which ar¢ held and MaInlned for iheir hisiorical and cultural value. Such asscts are valued at hisioric cost. or valuation if donated. No depreciation is charged on heritage assets. Thej. are pcriodi¢ally reviewed for impaimient. with ani. ncccssary impairmcnt Iosscs bcing takcn to th¢ statemeni of financia] activities. Depreci4tjOIl gnd aortiSa110 Depreciation is proi ided on iangible fixed asseis so as to ivriie off ihe cosi or valuation. less an). eg(imated residual value. ovcr th¢ir expecied useful economic life as follows.. Asset elass Land and buildings Fixtures and fittings Vehicles Depreeiation method and r*te io Nears straight Iinc basis 3 - 1 O years strdight line basis 5 years straight line basis Cash and cgsh equivalents Cash and cash cquivalcnis comprise c&sh on hand and call deposits. and other short-ierni highly liquid investments that are readily convenible lo a known amouni of cash and are subject to an insignificw)t risk of ¢han8e in value. Borrowing5 Interest-bearing borrowings are initiall>' recorded at fair value. net of transaciion cosis. Inieresi-bearing borroivings are subsequently carried ai amortised cosi. .1¢h the diff¢ren¢e beThveen ihe proceeds, net of transaction costs. and the Amount due on redemption being recognised as a charoe to the Staiemeni of Financial Activities oi'er the period of ihe relevani borrowing. Interest ex$¢ is recognised on the basis of the effective interest method and is included in interest pa>'able and similar charoes. Borrowings are classified as curreni liabilities unless ihe charity has an unconditional right to dcfcr sertlcmcnt of the liability for at Icast tw¢lv¢ months after the rewning dale. Foreign exchange Transactions in forcign currcnries ar¢ recorded al the rate ofexchang.e ai (he date of the transaction. Monetary asseis and liabilities denominaied in foreign cUenc1¢S ai ihe balance sheei dale are reponed ai the rates of exchange prevailing at that dale. Fund structure Lnreslrictcd income funds are general fvnds ihat are available for use at the trnstees's discretion in furthernnce of the objeciives of the charity.. Pag¢ 10
The Brooke Heritage Trust Notes to the Financial Statements for the Year Ended 29 Februarv 2024 3 Income from dongtions gnd legacies Lnrtstrieted funds Total 2024 Ttst*l 2023 General Donaiions and legacies. Donations from companies. trusts and similar pn)ceeds Donations from indiYidua]s Grants. including capital grants: Government grdnts 197,250 92.522 197,250 92.522 30.750 44.505 1,654 1.654 5.427 291.426 291.426 80.682 Pag¢ 11
The Brooke Heritage Trust Notes to the Financial Statements for the Year Ended 29 Februan" 2024 4 Expenditure on charitgble gctii'ities i5in2 fr.unds Chariible Charitsble Support and aetii"ities: etivities= goi"ern#nce Education Conservation costs TOT.4L 2024 Kuching Nluscum projcct costs Rance Museum project costs Burrdtor Houg¢ project cosis and legal fees 912 912 55 55 58.641 58.641 Research 150 150 '"ebsife 3,015 Grants paid (note S) Antique and archiwal storage Fundrai5tng ¢xp¢nses Office costs 3.709 3,709 4.676 4.676 Traiel 956 956 Bank charges Governan¢e 242 242 7.462 7.462 Depreciation Inlerest expense SUlTotal 28.896 ?8.896 57.346 57.346 3,709 4,132 58.641 99.578 166.060 Allocation of support and gov¢rnon¢e cosis 1.992 45.408 52.178 (99.578) Total Expenditure 5.701 49,540 110.819 166.060 £166,060 12023 £124.016) of the aiK)ve expenditure Was attributable to unrestricted funds and £Nil 12023 £Nili to restricted funds. Page 12
The Brooke Heritage Trust Notes to the Financial Statements for the Year Ended 29 Februar). 2024 Raising unds Chgritable Charitable Support 9nd actii'ities: a¢txvities: goi'ernance Education Conserv*tROft costs TOTAL 2U23 Kiiching Xliiseum project CO%ls Ranee Kfuseum projeci ¢osis Burraior House project costs and lega] fees 5.166 5.166 3.106 3.106 24.222 24.222 Research 599 599 Websile 3.317 3.317 Grants paid {noie 51 Antique and archival stordge Fundydising ¢xp¢nses Office ¢osis 8.919 8.919 47 47 9J8 938 7.037 7.037 Travel 193 193 Bank ¢harges Governance 501 501 3.205 Depreciation Iniercsl expense sUTOtal 30,575 36.191 36.191 938 21.107 24.269 77.702 124.016 Allocation of support and governance costs .573 40.717 {77.7021 Total Expenditure 2.511 56.519 64.986 124.016 Page 13
The Brooke Heritage Trust l%otes to the Financial Statements for the Year Ended 29 Februarv 2024 S Grant-rnakin2 Anall'sis of 2rants Grants to institutions 2024 GTgnts to indii'iduals 2024 2023 2023 Analvsis Granis 8.169 750 The sUPPOrt costs associated with grani-mak'ing are £N.il128 February 202i - £Nil). Below are detai15 of material grants madc to instilutions 2024 2023 'ame of insiitution Brookc Museums in Kuching CandleAid Lanka -4ctivity 7.661 $08 8.169 6 N'et incomingloutEoin2 resources Nei inming1(0UigOing resources for the year include.. 2024 2023 Depreciation of fixed assets 28.896 30.575 7 Trustees rejnunerntion *nd expenses During the year th¢ ¢harity made the following transactions with trustees= Two trusteeg were pemiitted to remaift at Burrator House for a¢commodaiion on charit). business in lieu of stal'ing at a ncarb!. hotcl. Thc estimated ¢osi of this benefit is £13,104. No trustees. nor anv persons connected with them, have received any remunerdlion from the charity during the year. No trustees have received any reimburs¢d cxpcnscs from thc charity during thc ycar. Donations made by the trustec5 without any conditions attachd totall £76.000 for lh¢ y¢ar12023 - £68.250). 8 Independeni examiner's remunerntion 2024 2023 Examination of the financial ststernents 1.200 2.350 Other fees io exgminers All oiher services 3.000 2il Page 14
The Brooke Heritage Trust Notes to the Financial Statements for the Year Ended 29 February 2024 9 Taxation The charit). is a registered chariry and is therefore exempt from taxation. 10 Tangible fixed assets Land And buildings Furniture and equipment Motor vehicles Total Cost At l March 202) Additions .253.135 146,261 80.491 6.706 .340.332 146•61 Ai ?9 Febnjary 2024 -399.396 80.491 6.706 1.486.593 Depreciation Ai l March ?023 Charge for the year 49.731 68.866 671 119.268 ?8.896 At 29 February 2024 74.794 71.)58 148.164 et book value At 29 Februarv 2024 1.3?4.602 9.li3 4.694 1.3i8.429 At 28 Februarv 2023 1.203.404 11.625 6.035 1.221.064 I I Ileritage a5set5 The heritage assets are antiques purchased for exhibition in the Brke Gallerv. the Ranee Museum. Burrator House and also for archival purtK)ses. Antiques Total Cost At l .Mar¢h ?023 Addiiions 140.765 2.862 140.765 2.862 At 29 Februarv 2024 143.6?7 143,627 Deprecialion At ?9 February 2024 r*et boolL value At 29 FebruaTh 20?4 143.627 143.627 Page 15
The Brooke Heritage Trust Note5 to the Financial Statements for the Year Ended 29 Februar* 2024 Summary. of transaction5 2024 2023 2022 2021 2020 Purcha5e5 and additions Antiqucs 2.992 5.2)9 1.919 126.571 12 Cash 2nd cash equivalents 2024 2023 Cash at bank Short-iemi deposits 375 96 8.279 98 471 8.i77 13 Creditors: amounts falling due Th'ithin one vear 2024 2023 Bank loans Accruals 12.296 4.800 18.516 2.820 17.096 21.336 14 Creditor5: amounts falling due after one year 2024 2023 Bank loans 754.345 763.150 A 25 year bank loan was received from Chariry Bank on I S February 2021 at an initial interest rate of 2.89 % per annum above base raie. The loan is secured on the Burrdior House property. A l O vear bounce back loan was received fmm the LK govemment on 26 Nlarch 2021 at a fixed interest rate of 2.5Vo per annum. Page 16
The Brooke Heritage Trust otes to the Financial Statements for the l'ear Ended 29 Februarn, 2024 15 Fund5 BalJn¢e at 29 February 2024 Balance #t I March 2023 Intoming resource5 Resources expended l.'nre5tricted funds General 585.720 291.4?6 {166.0601 711,086 Balance at 28 Februarv 2023 Balance at I March 2022 Incoming resourfes Resources expended L'nrestricted funds Genernl 629.054 80.682 1124.0161 585.720 16 Analvsis of net assets betwttn funds tinrestricted funds General Totsl funds Tangible fixed Lssets Heritage assets Current asseis Current liabilities Creditors over l year 1.338.429 143.627 471 1.338.429 143,627 471 117.0961 1754.345) 117.096 1754.345 Total net assets 711.086 711.086 17 Rtlated part%. trans4ctiODS There were no related party Irdnsa¢tiOT]s in ihe year. Page17