Company registration number: 07168282 Charity registration number= 1153988 The Brooke Heritage Trust IA company limited by guaraniee) Annual Report and Financial Statements for the Year Ended 28 February 2025 Thompson Jenner LLP Chartered Accountants I Collelon Crescent Exeter Devon EX2 4DG
The Brooke Heritage Trust Contents Reference and Adminisiraiive Details Trustees, Report 2to4 Statement of Tntsiees, Responsibilities Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9w18
The Brooke Heritage Trnst Reference and Administratii'e Details Trustee5 A Wright YMNgui C Byme 153988 Charity Registration Number Company Registration Number 07168282 The charity is incorporated in England and Wales. Colleion Crescent Eieler Devon EX? 4DG Registered Ol¢e Independent Examiner Thompson Jenner LLP Chartered Accountants I Colleton Crescent Exeter Devon EX2 4DG Page I
The Brooke Heritage Trust Trustees, Report The ts[ees. who are director5 for the purposes of company law, present the annual report togeiher with ihe financial stsiements and auditor5, report of the charitable company for ihe year ended ?8 February. ?025. Truslees A Wrighi (appointed 13 March 2024) YMNoui C Byme B Mok (appointed IJ March ?074 and resigned 25 June 20?5) L Brooke (resigned 25 April 2024) J Brooke (resigned l Ma). 20?4) K M Ronan (resigned ?5 April 2024) Objectives and actiN'ities Ohjects aiid ain The objeciives of the charity are: the advancement of education. in panicular but not exclusively of the history of Sarawak and the period and legacy of the Brooke Raj- the advancement of arts, culture and herithge in particular but not exclusively in relation to Sarawak; and the conservation. preservation, restordtion and improvement of buildings. sites. anefacts and other items and material education. historical or architectural interes1 in particular in relalion to Sardwak. Objectives, -¥trqlegie5 aiid aclivilie5 The tSteeS advanced our purpose 10 conserve the Burralor eslate with conservation and improvement schemes including the resioraiion of boundaries and management of conservalion grdzing across the esiaie. Toward the end of the period. under a projeci funded by the Fanning in Protecled Landscapes scheme administered b!. Ihe Dartmoor Naiional Park.. the chariry successfully restored a historic feature of the esiaie by plantino a new traditional orchard and restored the historic stone gaieThay inio ihai paddock. Although the Gol'ernrnent unexpectedly closed the Country'side Siewardship capital grants scheme in November ?0?4. there remained works 'hICh could usefull). be compleied under the old scheme. and effort5 are underway io close those oui before the nem. scheme is launched. Much of Ihe focus of ihe charit) s Mlee5 remain¢d on investioating wavs io make the estaie susiainable in the long term due to continuin high overheads including inieresi charges. Since ihe lasi report. Ihe trustees have deliberaied carefull}" on ways to ensure long term sustainability. of the esle and 10 relain it such thai the charity s objects can continue lo be achieved. This has involved a careful review of the charity's assets and a strategic look al the optimum means of advancing our objects with the resources available. The charity continues to benefit from the support (both financially and in the fo of artefacts} of Brooke and SarawaL-ian history enihusiasis including an ini'aluable collection of books and papers from Professor Emeriius Robert Reece, and chairs daiints back to Rajah Charles Brooke's reign. kindly donaied b), the Morris family. Page 2
The Brooke Heritage Trust Trustees, Report After the reporting date, the charitk rnised funds sufficient to full%, repav the ouistanding mortgage with Charity Bxnk. This was achieved through the eompleiion of a leasehold sale of part of the BUrrar Estate. The leaseholder h&5 2greed to alloiv ihe charilv conliTrued access to the leasehold areas. Tlie irdnsaction occurred after the financial vtar end. The proceeds have maieriallv Strenhtned ihe chariti s financial position. The arrdneement has also enabled the charilv to deliver a public open gardens eveni in .Klay 2025. to progress plans for museum development and enhanced public access io the propen). and grounds. Future plan5 The trustees will continue to finali4e plans to reduce overhead5 thile business planning with particular regard to advancints education through PLSblic access to the gardens at Burrator estale and a museum exhibition io be installed in Ihe main house. The exhibition is being designed to educate the public on ihe unique history of the Brooke era. Public benefil The trustees confimi thai the%. hae complied ¢th the requirements of section 17 of the Charities Aet ?01 I to have due regard TO the public benefit guidance published by the Charity. Commission for England and Wales. Structure, govtrnanee and management ,%'aiure ofgoverning documenl The Brooke Heritage Trust is a registered charity (charity registration number I15)9881 and also a company limited bv guardniee not having a share capilal {compan)' regisiralion number 07168?821. The compani s mcmordndum and articles of association dated ?4 Februarn" ?0 l O. as amended b). special resolution on 9 October 2013, are its primary governing documents. Recruitmen¢ ond appointmenl oltruslees Powers to appoint trustees rests with the board of trustees. Induction and iraininR of iru.¥lees Trustees are pro%'ided "Ith an induciion pack containing ke%. documenis such &$ the Charit). Commission's welcome leaflel 'The E55¢ntial Trusiee.. and a summary of the Ttee5 Acl. Fin#neial rel'iew For Il)e K'ear ended 28 February 2025, income was £135.804 (2024: £291.426} and expenditure was £191.599 12024.. £166.0601. Toial fijnds al ?8 February. 20?5 were £65i.291. all of which were held in unrestricted funds 12024.. £711.0861. At the end of the year. Cash at bank was £22612024.. £4711. Polio on reserves The charity is currentl). building 115 free re5erve5 in order to undertake projects outlined in this report. as well as in particular lo continue to support the Burrator project and to provide a healthy buffer for its operation In the fuiure. Fund.$ in deficil At 28 Febn]ar>' 2025. free reserves, defined as unreslricted nei current assets. was in deficit of £72.58] {2024.. deficit £16.6?51. The charity s main asset remains Burrdior House. The free reserves thr?et is £45 000. The tnjst expcLiS io benefit from furthcr donations frotn ihe group of committed sponsors w'ho have regularly donaied io the Trust. as 'ell as lo grow the reserve fund from projecied income generdled from the assel. Page 3
The Brooke Heritage Trust Trustees, Rcport Importani non-adjusting events after the finaneial period After the reponing dale. the charitv raised funds s[Clent to fullv rcpa! the outstanding morEeage wilh Charitv Bank. This ivas achieved through the completion of a leasehold sale of part of the Burrdtor EsiaEe. The leaseholder has agreed (o alloiy the charits continued access 10 ihe leasehold areas. The annual report was approved by the trLLStees of the Charity. on ........... . . and signed on its behalf by.. A Wright Trust¥e P38e 4
The Brooke Heritage Trust Statement of Trustees, Responsibilities The trustees (who are also the director5 of The Brooke Heritage Trusi for the purwses of company lawl are responsible for preparing the trustee5' report and the financial statements in accordance with applicable law and Linited Kinudom .4ccounting Standards (Lniled Kingdom Generalli. .4ccepted Accounting Praciicel. including FRS I O? "The Financial Reporting Sthndard applicable in the L'K and Republic of Ireland" Company law requires the trustees to prepare financial ateMentS for each financial year. Under company law the trustees must nol approve ihe financial Statements unless thev are satisfied that ihev give a true and fair view of the siaie of affairs of the chariiable companv and of the incoming resources and applicalion of resources. including its income and expenditure. of the charitable companv for that period. In preparing ihese financial stalemenls. the trustees are required io: select suilable accounting policies and apply thern consislenily- observe the methods and principles in ihe Charities SORP: make judgements and estimaies that are reasonable and prndenl: state whether applicable accounting standards. comprising FRS 102 have been followed, subject to any material depamires disclosed and explained in the financial staiements- and prepare the financial statemenls on the going concern basis unless it is inappropriaie presume that ihe charitable company will continue in business. The trustees are resTX)nsible for keepine proper accouniing records ihat Can disclose H'ith reasonable accuracv al an). tin?e the fin3n¢ial posltion of the charitable company and enable ihem lo ensure thai the financial statement5 complv with the Companies Act 2006. They are also responsible for safeguarding the &55ets of the charitable companv and hence for taking reasonable steps for ihe prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance 2nd integril) of the corporate and financial information includcd on the charitable Compan s Th'ebsite. Legislation gOernETrg the preparaiion and dissemination of financial statements mav differ from legislation in oiher jurisdiciions. 14111125 Approved bv the trustees of the charity on .................... and signed on its behalf by= .4 IllriEht Trustee Page 5
The Brooke Heritage Trust Independent F,xaminer's Report to the truste of ThL. Brooke Heritage Trust ('the Compan! ) report io the chariry trusiees on my examination of the accounts of the Compan), for the year ended ?8 Februar). ?0?5. Responsibilities gnd b2sis of report As ihe charitv's irustees of the Company land also its directors for the purposes of compan), lawl you are responsible for the prepardtion of the accounts in accordance with the reqlblremen of ihe Companies Aci ?006 I'ihe ?006 Act.). Having satisfied myself thai the accounts of ihe Company are noi required to be audited under Part 16 of the 2006 Aci and are eligible for independent examination. I report in respect of mj. examination of your charit% s accounts as carried oul under Section 145 of the Cliarities Act 2011 1.the ?01 l Act'l. In c&rryitsg out my examinaiion I ha%"e followed the Directions given bv ihe Chariry Commission under section 1451) l{bl of the 2011 Act. Independent examiner's statement I have completed my examinaiion. I confirn) thal no mallers have come lo my allention in connection with the examination giving me cause 10 believe- accounting records were not kepi in respecl of The Brooke HerIge Trust as required by section i86 of the ?006 A¢t- or 2. the accounts do not accord with Ihose records; or 3. Ihe accounts do not comply 1th the accounting requirements of seciion 396 of the 2006 Aci other than any rcquir¢mcnt that the a¢counts give a "true and fair Vie, which is not a niatier eonsidered as part of an independent examination: or 4. Ihc accoLinis have not been prepared in accordance with the methods and principles of the Stalenienl of Recommended Practice for accounting and reporting bi. charities lapplicable io charities preparing iheir accounis in accordance wilh the Financial Reporting Standard applicable in the U'K and Republic of Ireland (FRS I 0?)]. I have no concerns and have come across no oiher matters in connection with the examinalion to which attention shoiild be drawm in (his repon in order to enable a proper understanding of Ihe accounts io be reached. Jon 11.'esilev FC.4 Chariered Accounianis Institue of Chartered .4ccounthnts in England and Wales Thompson Jenner LLP I Colleion Crescent Exeter DeN'on EX? 4DG Dale.. Iil,,Iwz Page 6
The Brooke Heritage Trust Statement of Financial ActiTr ities for the l.ear Ended 28 FebruaTh" 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) LDrestricted fun(Is Total 202* ote Income and Endowments from: Donaiions and legacies lJS.804 Total income 135.804 134.804 Expenditure on: Raising fijnds Charitable activilies {2.4741 {189.1251 {2.474) 1189.195) Total expenditure 1191 5991 {191.5991 Net expenditure 155.7951 (5£ 795) 'et movement in fund5 155.7951 (55.795) ReeoncTliAtion of funds Total funds broughi forward 711.086 711,086 Total fvnds ¢arried forward 16 655.291 655.291 l.'nrestricted fund5 Total 2024 Income and Endowmenis from: Donations and lega¢ies 291.426 ?91.4?6 Total income ?91.426 791.426 Expenditure on: Raising ndS Charitable aciivities 15.701) 1160.i591 {5.701) 160.3591 Total expenditure 1166.0601 1166.060) Net income 125.366 125.J66 'ct moi'ement in funds 125.J66 125,366 Reeonciliation of funds Total funds broughi foThYard 585.720 585.720 Total funds carried foThvard 16 711.086 711,086 All of the charity's acti.1t1es derive from continuing operations during ihe above two periods. The funds breakdown for 2024 is shown in note 16. The noies on paees 9 10 18 forni an integral part of these financial staiements. Page 7
The Brooke Heritage Trust (Registration number: 07168282) Balance Sheet as at 28 Februarn. 2025 202) 2024 Fixed assets Tangible &ssets Heritage assets 1.3?9.029 1.338,4?9 14j.6?7 10 1.47? 6 j6 1.48'.Oi6 Current assets Siocks Cash al bank and in hand 3,750 12 471 471 Creditor5: .4mounts falling due wiihin one vear ,8071 (17,0961 et current liabililies 168.8ill Total assets less current liabilities 1.40i.82i 1.46i.4)1 Creditors: .4mounts falling due after more than one vear 14 1748.i)41 17i4.-)451 'et IlS5ets 655.291 711.086 Funds ofthe charity: Unrestricted ineome funds Unresiricled funds 711.086 Total funds 16 711.086 For the financial year cnding 28 February 2025 the charity was eniiiled to exempETon from audit under section 477 of the Companies Act 2006 relating to small companies. Dire¢lors' responsibilities.. The members have not required the charity to obtain an audit of its accounts for the year in question in aciordanie '11h section 476: and The direciors ack'nowled2e iheir responsibililies for complying with the requirements of tl)e .4cl witli respect io accounting records and ihe preparation of accounts. The financial stalements on pages 7 to 18 were approved by the trustees. and authorised for issue on 14111125 and signed on their behalf by: A M'ri(yhi Trustee The no(es on pages 9 to 18 forni an integral pan of these financial slatenients. Page 8
The Brooke Heritage Trust Notes to the Financial Statements for the Year Ended 28 February 2025 I Charitv status The charity is limited by guarantee. incorpordied in England and Wales. and consequenily does not have share capital. Each of the trusiees is liable 10 contribute an amount not exceeding £ I towards the assets of the charit! in the event of liquidation. The address of its registered office is: I Colleion Crescent Exeter Devon EX2 4DG 2 Accounting policies Summary of significant accounting policies and key aecounting e51imates The principal accounting policies applied in the preparation of these financial staiements are set out below. These policies have been ¢onsist¢ntly applied to all the years presented. unless otherwise stated. Statement of compliance l-he finarscial statements have been prepared in accordance with Accounting and Reportino by Charitie5- Siaicment of Recommended Practice (applicable to charilies preparing their accounts in accordance with the Financial Reportino stsdard applicable in Ihe UK and Republic of Ireland {FRS I O: }) (issued in October 2019) (Charities SORP (fRS 102)), the financial Reporting Standard applicablc in thc UK and R¢public of Ireland (FRS 102) and the Cornpanies Act 2006. Basis of prepa ration The Brooke Heriiaoe Trust meets the definition of a public benefTt entitv under FRS 102. Assets and liabilities are iniTially recognised ar historical cost or iransaciion value unless othenvise stated in the relevan( accounting policy notes. Going concern The trustees consider ihat there are no maierial uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held bv the charity. Income and endow'ment5 All income is recognised once the ehariti, has entitleTnent to the income. it is probable thar the income will be receied and the amount of ihe income receivable can be measured reliably. Donations and legacie Donations are recognised when the charitv ha5 been notified in HTiting of both the amount and settlement date. In the event that a donation is subjeci to condiiions thai require a level of perforniance b>, the Charity. before the charitv is entitled to the nds. the income is deferred and not reco£nised until either those conditions are fullN' mei. or the fuifilmeni of those conditions 15 wholly within the control of the charifv and it 15 probable that these conditions will be fulfilled in the reporting period. Page 9
The Brooke Heritage Trnst Notes to tbe Financial Statements for the Year Ended 28 Februarn. 202) Graiil.s receii'able Grants are recognised when the charitw has an eniitlement to the funds and any condirions linkcd to the grants have been mei. 11.-here perfomiancc condition5 are attached 10 the ¢Frant and are wei 10 be met. the income is recounised as a liabiliiN' and included on ihe balanc¢ shect as deferred income io be released. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliablj.. All costs are allocated to the applicable expenditure headin Ihai aggreg3te similar costs 10 that cateoory.. Where costs cannot be directly attribuied io panicular headin they have been allocated on a basis consisieni H'iih the use of resources. WiLh central staff costs allocated on the basis of (ime spent, and depreciation charges allocated on the portion of the asset's Use. Other 5UPPOrt costs are allocated based on the spread of siaff costs. Raisiiigfuiids These are COS incurred in attracting voluntary income. the management of investments and those incued in trading activities thai raise funds. Cliarilable octii'iiies Charitable expendiiure comprises those cosls incurred by the charitv in tlie deliverv of lis aciiviiies and serl'ices for ils ben¢fi¢iaries. It includes both costs thai can be allocated direcily lo such aciiviiiL5 and Lhose costs of an indireci nature necessary lo support them. Governance costs These include the costs attributable 10 the charity's compliance with constitutional and statutory requirements, including audit. strategic management and truslees meeiings and reTmbursed expenses. Governmeni grant5 Governmeni gran15 are recognised based on the accrual model and are measured at the fair value of the asset receivLd or reCei.able. Grants are classified as relating either io reenue or 10 assets. Grants relaiing to rei'enue are recognised in incoTne over the period in which the relaied costs are recognised. Grdnts relating io assers are recog7nised over the expected useful life of the a55et. Where part of a grant relating to an asset is defeed, it IS recognised as deferred income. Taxation 'I'he Lliarity. is considered to Pass the tests sei out in Paragraph I Schedule 6 of the Finance Act ?010 and theretore it meets Ihe definition of a charitable companv for UK corporaiion lax purposes. Accordinol),. the charity is potenliallv exempt from t&xation in respect of income or capital gains received within caie(Tories overed bj. Chapter i Part I l of the Corpordtion T&x Act ?010 or Seclion ?56 of the Taxation of Chargeable Gains Act 199? to the extent that such income or gains are applied exclusiN'el)' to charitable purposes. Tangible fixed a55ets Individual fixLd ass¢15 costing £0.00 or more are inilially recorded ai cosi, less any subsequent accumulated depreciation and subsequeni a¢cumulated impairnient losses. Page 10
The Brooke Heritage Trust INotes to the Financial Statements for the Year Ended 28 Februarn 2025 Heritage 95sets The ¢hariTh' 05 seN'eral antiques ithich are held and maintained for their historical and cultural value. Such assets are valued ai historic cosi. or valuaiion if donaied. No depreciation is charged on heritage asseis. They are periodically reviewed for impairnieni, 1th any necessary. impairment losses being Taken io the statement of financial activities. Deprecixtion and amortisAtion Depreciaiion is proi'ided on iangible fixed assels so as to wile off ihe cosi or valuation. less any esiimated residual value. oi'er their expected useful economic life as folloths.- ..Isset class Land aiid buildings Fixtures and fittings Vehicle5 Depreciation method #nd rale O )'ears straiuhi linc basis 3 - 1 O years siraight line basis 5 years siraight line b&sis Stock is valued ai the loiver of cosi and estimated selling price less costs to complete and sell. after due regard for obsolete atkd slow mov ing stocks. Cosl is detemiined usin¥ ihc first-in. first-out (FIFO). Cash and cash equii'alents Cash and cash equivalenls comprise c&sh on hand and call deposiis. and other short-temi highly liquid invesimenis thai are readily convertlble to a known amount of cash and are subject to an insignificant ri%k of change in kalue. Borrowings Inieresr-bearing bomwings are initiall). recorded at fair value. nel of transaction Costs. Interest-bearing borrowings are subsequenil}' carried al amortised cost. with the difference between Ihe proceeds. net of transaction costs. and ihe amouni due on redemption being recognised as a charge to the Ststement of Financial .4ctivities over the period of the relek'ani borroii ing. Interesi e¥pense is recognised on the basis of the effective inierest method and is included in interesl payable and similar charges. Borroivings are classified as current liabilities unless ihe charity has an uncondiiional right lo defer settlemeni of the liabiliry for least twelve months after ihe reporting dt. Foreign exchgnge TransaLiions in foreign currencies are recorded at the rate of exchange ai the date of the transaction. Monetsry assets and liabilities denominated in foreign CUenc1¢S at the balance sheet date are reponed at the rates of exchange prevailing at ihai date. Fund structure Lnresiricied income fund5 are generat funds that are available for use at the tnjstees discretion in furtherance of the objectives of the charity. Page I
The Brooke Heritage Trust otes to the Financial Statements for the Year Ended 28 February 202) 3 Income from donations and legacie5 L-nrestricttd funds General Total 2025 TotAI 2024 Donations and le2acies: Donalions from companies. trusts and similar proceeds Donations from individuals Granis. including capital grants; Governmeni grants 197,?50 92.522 118.??2 118.?2? 17.582 17.)8? 1.6)4 lJi.804 135.804 ?91.476 Page 12
The Brooke Heritage Trust otes to the Financial Statements for the Year Ended 28 Februar), 2024 4 Expenditure on charitable #ctiTr'itie5 Raising Funds Charitable Chariiable Support and ctii'ilies: ttiitie5: gol'ernance Educgtion Consen'ation costs TOTAL 2025 Kuchinu N4u5eum project cosis Ranee Museum projecl costs Burraior House project costs and legal fees 258 258 87.858 87.858 Research 507 507 'eb5ite 3.163 3,163 Grants paid (note 5 > Antique and archival stordge Fundraisints expenses OfTice costs 250 250 493 493 Travel 10 Bank charges Governance 166 166 6,177 6.177 Depreciation Inlerest e.xpense SuT0t81 59.448 59.448 493 4.178 87.858 99.070 191.599 Allocation of support and governance cosis 1.981 45.176 51.913 (99.070) TotAI Expenditure 2.474 139.771 191,599 £191.599 {2024 - £166,060) of the above expend?ture was attributable to unrestricted funds and £Nil {2024 - £%'il) to restricied fijnds. Page l)
The Brooke Heritage Trust Notes to the Financial Statements for the Year Ended 28 Februarv 202 Raising "unds Ch2rit2ble Charilable Support and actiN'i¢ies: attii'ities: goi'ernance Education Conservation costs TOTAL 2024 Kuchin? Iluseum proje¢t Costs Ranee Museum project costs Burrator House project costs and legal fees 912 55 55 58.641 58.641 Research 150 150 Website 3.015 Gran15 paid Inole 51 Aniique and archival storage Fundraisino expenses olrice costs 3,709 3,709 4.676 4.676 Trdvel 956 956 Bank charges Governance 242 ?4? 7,462 28.896 7,462 Depreciaiion Interest expense Sub-Total 28.896 57.346 3.709 4,li2 58.641 99,578 166,060 Allocation of supw)rt and governance costs 1.992 45.408 52.178 (99.5781 Total Expenditure 5.701 49.540 110.819 166.060 5 Net ineomingloutgoing resources Nei loutgoingl, incoming resources for the year include.. 2024 Depreciation of fixed assets ?8.896 6 Trustees remuneration and expenses No tNstees. ftor any persons connected with them. have received any remuneration from the charity during the year. No tn]siees have received any reimbursed expense5 from the charit), during the ve2r. Two tsleeS made loans amouniing to £49.000. These are unsecured. inieresi free and repayable when the charil). has adequaie cashflom. Donations made by the trustees without any conditions attached totalled £16.000 for the year (2024 - £76,000). Page 14
The Brooke Heritage Trust rlotes to the Financial Statements for the Year Ended 28 Februar), 2025 7 Independent examiner's remujjeration 202.5 2024 Examinalion of the financial stalements 1.200 Other fees lo examiners All other services 1.800 3.000 8 T8xation The charity 15 2 registered charity and is iherefore exempt from taxation. 9 Tangible fixed assets Land and buildings Furniture and equipment Nlotor vehicles TotAI Cost At l March ?024 Additions 1.399.i96 80.491 6.706 20.976 1.486.59) 20.976 At 28 February 2025 l.i99.-i96 80.491 ?7.682 1.507.569 DepreciAtion .At l Klarch ?0?4 Charge for the year 74.794 25.06) 71.-358 1.175 148.164 4.li8 At 28 February 2025 99.8)7 6.150 178,540 et book N'alue Ai 28 FebruaTr 2025 1.299.iJ9 7,958 1.3?9,029 At 29 February 2024 l.J24.602 4.694 1.))8.429 l O Heritage Assets The heritage assets are antiques pUrchd for exhibition in the Brooke Gallery, the Ranee Museum. Burrator House and also for archival purposes. Page 15
The Brooke Heritage Trust Yotes to the Financial Statements for the Year F.nded 28 February 202) Land Total Cost At l March 2024 14 J.6?7 143.617 At ?8 February ?025 14 j.6?7 14).627 Deprecialion At ?8 February 2025 ei book T¥'alue Ai 28 Febrnary 2025 14i.627 143.627 Summarn. of transactions 2024 2023 2022 2021 Purchases and additions Antiques ?.992 5.2)9 1.919 I I Stock 2025 2024 Stocks 12 Cash and cash equilolents 202) ?024 Cash at bank Short-iemi deposits 2?6 96 471 Bank. overdrafts 1991 Cash and cash equivalents in statement of cash flows 127 471 13 Creditors: amounts falling due w'ithin one vear 2024 Bank overdrafts Bank loans Other loans Hire purchase and finance leases Accruals 99 12.296 49.000 2.750 7.200 4.800 7?.807 17.096 Page 16
The Brooke Heritage Trust Notes to the Financial Statements for the Year Ended 28 February 202$ 14 Creditors: 8mounts falling due after one ye*r 202) 2024 Bank loans 737.027 754.J45 Hire purchase and fin¥n¢¢ leases 748.534 754,i45 A 25 year bank loan was received from Charity Bank on 18 FebNary 2021 at an initial interest rale of 2.890/0 per annum above base rnte. The loan is secured on the Burrnior Hous¢ property. A l O year knunce back loan was received from the UK govemmeni on 26 IAar¢h 2021 at a fixed interest rate of 2.50/0 per annum. IS Obligation5 under leases #nd hire purcbase contr#ets 16 Funds Balance #t I larch 2024 IncoTning resources Resources expended Ba18nce at 28 Februar%. 2025 [Tnresirlcted funds General General 711.086 135.804 1191,599) 655.291 Balance at I larch 2023 Incoming resources Resources expended Balance at 29 Februari. 2024 [Inrestricted funds General General 585.720 291.426 (166.060) 711,086 Page 17
The Brooke Heritage Trust Yotes to the Financial Statements for the Year F.nded 28 February 202) 17 Analysis of net assets between funds I"Trrestricted funds General Total fund5 at 28 Trebrua" 2025 Tangible fixed assets Heritage asseis Clirrent &%sets Curreni liabilities Creditors over l year l. j?9.029 14).627 3,976 (7? 8071 1748.5J41 l. j?9.029 14J.627 (72.807) Total net assets 6£5.291 655 ?91 I'nrestricted funds Genernl Totgl funds at 29 F"ebru#ry 2024 Tangible fixed a55ets Heritage assets Current &ssets CLtrreni liabilities Creditors over l year l.ii8.429 14.1.627 471 117.0961 17i4.)4i I 1.3i8.429 14J.627 471 (17.0961 17£ 4.3451 Toial net &ssets 711.086 711.086 18 Relaled part). transactions There were no related party irdnsactions in the year. 19 Non-adjusiing ei'en15 after the financial period Afier the reporting date, the charith. rdised funds sufficient to full%. repa!, the outstanding mortgage with Charit), Bank. This was achieN'ed through the completion of a leasehold sale of part of the Burrator Estate. The leaseholder h&5 agreed to allow the charitv continu¢d a¢¢¢5s lo the leasehold areas. Page 18