2021-03-31-accounts

Registered number: 08809187 Charity number: 1155374

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

CONTENTS

	Page
Reference and administrative details of the charity, its trustees and advisers	1
Trustees' report report)	2 19
Independent auditor's report	20 24
Consolidated statement of financial activities	25
Consolidated balance sheet	26 27
Company balance sheet	28 29
Consolidated statement of cash flows	30
Notes to the financial statements	31 54

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

LEGAL AND ADMINISTRATIVE DETAILS OF THE TRUST, ITS TRUSTEES AND ADVISERS

Trustees

The Duke of Devonshire KCVO CBE DL Sir Philip Vyvian Naylor Leyland Bt Mr Timothy John Cooke OBE Mr Martin Drury CBE Dame Julie Ann Kenny DBE DL, Chair Mr Simon Alexander Carr CBE Mrs Rachel Josephine Cowper Mr John Caldwell Mr Andrew Shephard Miss Toni Paxford Mrs Bronwen Knight Mr Matthew Hirst

Company registered number

08809187

Charity registered number

1155374

Registered office

Wentworth Woodhouse, Wentworth, Rotherham, South Yorkshire, S62 7TQ

Key management personnel

S McLeod, Chief Executive Officer P Kaye, Chief Operating Officer P Ramsden, Business and Finance Manager

Independent auditor

BHP LLP, 2 Rutland Park, Sheffield, S10 2PD

Bankers

Barclays Bank plc, Church Street, Peterborough, LE87 2BB

Solicitors

Irwin Mitchell LLP, Riverside East, 2 Millsands, Sheffield, S3 8DT

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WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their report and the audited financial statements of the charitable group for the year ended 31 March 2021. The annual report serves as the purpose of The ments of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts s: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

Since the Charity qualifies as small under Section 383, the strategic report required of medium and large companies under the Companies Act 2006 (strategic report and directors report) Regulations 2013 is not required.

Trustees of the charity

The directors of the charitable company are its trustees for the purposes of charity law. The trustees who have served during the year were as follows:

Dame Julie Ann Kenny DBE DL Chair of Trustees

The Duke of Devonshire KCVO CBE DL Sir Philip Vyvian Naylor Leyland Bt Mr Timothy John Cooke OBE Mr Martin Drury CBE Mr John Merlin Waterson CBE retired 13 October 2020 Mr James Berry retired 13 October 2020 Mr Simon Alexander Carr CBE Mrs Rachel Josephine Cowper Mr Keith Knight retired 13 October 2020 Mr John Caldwell Mr Andrew Shepherd appointed 13 October 2020

Miss Toni Paxford acted as an apprentice trustee until her appointment as a trustee on 20 April 2021. Mrs Bronwen Knight and Mr Matthew Hirst were also appointed trustees on 20 April 2021.

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WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2021

a. Trust objectives

The objects of the charity are specifically restricted to the following:

surrounding land known as Wentworth Woodhouse in the Metropolitan Borough of Rotherham and which are of special

in their o

b. Trust priorities

The Strategic Objectives of Wentworth Woodhouse Preservation Trust are as follows:

1. Regeneration - always attaining to the very highest conservation standards to protect and restore the site, its buildings, structures and landscape. through balanced and appropriate re-use, finding creative solutions leading to an economically sustainable future

2. Engagement to engage with, listen to and work with local communities and wider audiences. Engaging hearts and minds to celebrate the site as an asset to the region and the nation. Offering a positive long-term contribution to the economic and social life of local communities and acting as a driver for Rotherham and the wider tourist offer

3. Opportunities Using Wentworth Woodhouse as a remarkable heritage asset to provide multiple year round opportunities for the advancement of skills, education and life-long learning by way of training, work experience, volunteering and employment, whilst enhancing knowledge through scholarship and academic research

4. Reach New Audiences - providing a world class, inspirational and enjoyable experience for all, with equality and diversity as key drivers of our audience development plan

5. Entrepreneurial Spirit to operate a creative and solutions focussed business with commercial flair whilst always seeking to deliver our charitable objectives

6. Professionalism - to operate with openness and transparency, promoting best practice, behaving professionally and acting respectfully towards others at all times

7. Caring for our Environment - be committed to sustainable policies and practices. Environmental concerns are essential to our decision making. We understand the value of acting in an environmentally responsible way to minimise the impact on the environment from our operations

8. Working Relationships - to develop appropriate partnerships with others including the Fitzwilliam Wentworth Amenity Trust and other stakeholders who share our values and subscribe to our long term vision to ensure that Wentworth Woodhouse, comprising the house, gardens, park and monuments, is preserved as an entity, for the benefit of the local community and the Nation

9. Diversity to develop an exemplary mixed-use site which will be a world-class model of accessibility and inclusion as demonstrated by interventions it makes in the landscape and buildings, the diversity of its activities and services and by the way its communications strategy is implemented

10. Innovation - to use technological and digital innovation to create imaginative visitor experiences of unfailingly high quality, effectively targeted marketing and an empowered and connected work force

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WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2021

c. Public benefit statement

public benefit.

The Wentworth Woodhouse site and to the reuse of buildings in ways which will provide them with a sustainable future, public access for their enjoyment, and the delivery of an extensive events programme promoting arts, culture and heritage.

The advancement of education and specifically the provision of guided tours of the site for visitors of all ages, the provision through the retail outlet of specialised texts relating to the heritage of the site and of the wider South Yorkshire region, the development of archive material to assist educational research, the provision of programmes of lectures, visits and events on and to sites of historical interest.

The wide ranging training programme, training for staff and volunteers, work placements and work experience opportunities, working extensively with students, providing real work experience in traditional heritage skills, catering, graphic design and academic research. Training and upskilling are key values of the Trust as we endeavour to provide new opportunities for the communities we serve.

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WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance

2020 was set to be a turning point in the regeneration of Wentworth Woodhouse. Visitor numbers were rising, and an annual programme of events was well-

roof was soon to come to an end, protecting some of the most vulnerable areas of the building. But just three years into our mission to prevent the site from financial and physical collapse an unexpected and very serious challenge tested us to our core. As the financial year 19-20 came to a close we had become aware of a virus called COVID-19 that had started to spread across the globe. By April 2020, the start of this reporting period, the immediate effects of that pandemic had started to hit in the UK, and Wentworth Woodhouse was closed to the staff and public for the first time since the Trust took ownership of the site. Little did we know of the extraordinary events that were about to unfold and to change the way we live, possibly forever.

The Chair and CEO of WWPT had met with staff in March 2020 when it first became apparent that the site would temporarily close. Tours and e abrupt halt. By 20[th] of that month, all staff and volunteers took to the safety of their homes as we awaited Government announcements. immediately into furlough, income dropped overnight, and the business plan became redundant. For the Trust there were three key priorities: keeping the staff safe and informed, retaining jobs and maintaining the capital works programme.

Regeneration capital works

As the first lockdown hit in March 2020, the Phase 2 capital works had to close. This was a devastating blow to the project, the financial implications of which could easily have tipped the Trust over the edge. Scaffold hire costs alone at £30,000 per month meant that any delay to the programme would result in an extensive hike in the costs and we would have run out of money before we completed the project.

Our main contractors the Woodhead Group set about finding solutions; Stonemasons took their work home with them, setting up their own temporary workstations in their gardens so that they could continue with their skilled carving. Site Manager Andy Stamford worked closely with the health and safety advisors to create safe systems of working across the scaffolded site, and on 5[th] May the workforce of roofers and stone masons returned. Incredibly, there was little impact to the overall programme and when the project came to an end recently it still managed to come in just under budget.

Much of the damage done in the past was due to water ingress as a result of poor maintenance, mainly caused by a lack of safe access to the roofs. Today the roof works to the main block of the East Front are all complete, and new interventions have been made to make the on-going maintenance of the roofs, hoppers and gutters much more accessible in future including wider lead reservoirs to collect and hold the increased rainfall.

In October 2020, we were informed that a bid we had submitted as part of a consortium bid from the Historic Houses Association had been successful and that a grant from Historic England of £331,200 had been awarded from the Heritage .57bn Culture Recovery Fund for Heritage. The Trust was able to install a temporary heating system and forge ahead with enabling works which will allow us to introduce a ground-source heat pump system in the future. The heating system, fired by gas, meant that at last the mansion could be warm again after many cold and damp months. Installing it was no easy task but was actually made easier by the fact the site was closed and the contractors were not having to work around visitors. This principle applied to the other repairs made as part of

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WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2021

this project including urgent repairs to underground drainage, a new water mains connection and the removal of asbestos

In November, a further £811,000 was awarded by Historic England as part set aside to restart heritage construction and maintenance projects hit by the pandemic and save jobs in the sector. It is paying for further vital roof repairs at each end of the East Front - on the North Pavilion, North and South Quadrants, the sustainability and support jobs in construction and traditional crafts. The work to the North Pavilion, involves restoring the roof, stonework repairs, meticulous conservation to the two clock faces, cornices, weathervane and repairs to the guttering. We are very grateful for these grants and to those who helped us to raise the match funding of £129,595 required.

Barnsley-based clock restoration specialist Andrew Bates, of Bygone Times, who is freely giving us his expertise and is painstakingly restoring the clock mechanisms and hands to their former glory. Scaffolding, a now familiar site at Wentworth Woodhouse, encases the North Pavilion and is, in itself, another feat of engineering. It is designed to work around the existing buildings without impacting on historic fabric. Approximately 150 tonnes of scaffolding towers 22m into the sky to facilitate the repairs, laid end to end it would stretch 12km. In addition to working with the physical restrictions of adjacent structures, no holes can be made in the walls of the listed building to fix the scaffolding in place. Instead, friction ties are used, whereby the scaffold rests against the building on friction pads. The project shows the continued investment in protecting Wentworth Woodhouse for generations to come.

The team celebrated a key milestone on 17[th] February 2021 as the 400kg weathervane was carefully removed by crane for conservation. The North Pavilion repairs are expected to take in the region of six months to complete.

The 20-year Masterplan to rescue Wentworth Woodhouse is broken down into manageable phases, based on urgency of repair, ability of the new use to generate income to be self-sustaining, and the ability to attract funding. In January 2021 the Architect and QS were appointed to commence the design of the next major phase of regeneration work, for, the Camellia House, a new car park and the South Stables development.

Engagement

The Flock

to contribute to its future.

One of the greatest achievements of the year involved thousands of local people in the creation of The Flock, an art installation to mark the effects of COVID-19 - positive and negative - on the community. The installation saw 10,000 small wooden birds, hand-

engage with the arts, culture and heritage on their doorstep during the pandemic. Their moving and thought-provoking display, a golden land-art tree which acted as a roost to the birds, attracted people from across the region, thousands of whom decorated a bird with words, collages and images expressing the effect of the COVID-19 pandemic had on them and their memories or thoughts on Wentworth Woodhouse.

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WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2021

It was free to take part, but people who could afford to make much needed donations to help carry the Trust through the pandemic. The birds were distributed by staff and volunteers at sites in the local community and in the gardens of Wentworth Woodhouse, where we staged regular craft workshops over the summer. (Government guidelines on social distancing rules and safety were carefully followed throughout).

The project was so successful that a similar scheme is currently being rolled out this year where supporters are being asked to get crafty and pen their best ideas on a hand-made camellia flower or carriage horse. Garden workshops, making paper blooms and horses are some of the imaginative ways for the public to express their hopes for the site. Ideas from the public and enjoy new experiences. These will run alongside future regeneration projects at the Camellia House, Stables and Riding School. Thanks to a grant from the National Lottery Heritage Fund (NHLF), Activity Planning Consultant Dr Suzanne Carter has been commissioned to carry out engagement and consultation work and develop ideas for a four-year programme of activities. A plan for events, community projects and engagement will second-round of grants later this year.

Supporters were also urged to get creative during Lockdown by creating their own masterpieces as the Trust launched a Lockdown Art Contest the winner of which saw their design loud and proud on the front of Wentworth Woodhouse er fundraising T-shirt. Entries came from near and as far away as Australia - paintings, sketches, models and even a pavement chalk picture depicting the life and times of the Big House were created by supporters aged from two to 75. The top entry - which -ever fundraising T-shirt - had been gathering dust in an attic for 13 years! Rawmarsh mum Zoe Rowbottom created the stylish graphic as a 20-yearNorton College. Now a business analyst at Irwin Mitchell in Sheffield she remembered her design when she heard about the contest and it proved to be a winner!

• the Trust plan to use it on a new product range for the gift shop. It is a first commission for Ellie, who has just completed her studies at Leeds University. Her intricate repeat-print features scenes from the house and grounds. Bury artist Glenn Jones, 48, won first prize in the over 18s group with his digitally created image of the Marble Saloon floor. Ellen Stockdale, aged 16, from The Brecks, Rotherham, took first prize in the 13-year-old Lucy Redfern, of Wiltshire, was another winner. Lucy, whose grandparents live in Brampton Bierlow, created a huge model of the house from cardboard. Reggie Small, aged four, from Mexborough, spent four days perfecting his winning painting of the house.

Opportunities

Fundraising

Fundraising is key to everything we do and over the course of the year a number of activities took place and funding bids were submitted in order to progress the development of the site.

During the period from April 2020 to March 2021 the Trust attracted £304,945 through fundraising activities of which £254,948 was restricted.

The Trust is not currently part of a voluntary scheme for regulating but as we expand our fundraising activities, we will look to join a scheme. We have not received any complaints with regards to our fundraising.

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WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2021

Funding applications made since April 2020

Grant support awarded over the year

IT Equipment	Cutlers Charitable Trust	£1,000.00
COVID-19	RMBC	£10,000.00
COVID-19	Local Restrictions Lockdown Grant (RMBC)	£11,299.29
COVID-19	Job Retention Scheme (Furlough) HMRC	£251,962.16
COVID-19 Emergency Fund	National Lottery Heritage Fund	£240,900.00
Culture Recovery 2020	National Lottery Heritage Fund	£468,282.00
Culture Recovery 2021	National Lottery Heritage Fund	£413,000.00
Respond & Reimagine	Art Fund	£40,000.00
	National Trust (2)	£415,000.00
	Historic England - additional works	£811,000.00
	HHA Consortium Bid	£331,200.00
	Swire Foundation (HEPh2e)	£22,003.00
	Arts Council England	£98,250.00
COVID-19	Restart Grant (RMBC)	£8,000.00

The swift arrival of £240,900 from an emergency funding pot in 9 July 2020, granted by the National Lottery Heritage Fund, gave the Trust three months of vital breathing space. It kept the wolf from the door, paying running costs from June to September 2020. It also allowed a very limited number of staff to return to work, monitoring the capital works as they restarted and creating an emergency fundraising plan. This included the development of an on-line shop in addition to a stand in the garden from which volunteers could attract donations for a selection of items. These comprised of wonderful prints and canvases of Wentworth Woodhouse by Sheffield based artist Joe Scarborough, the original of which was commissioned by Chair Dame Julie Kenny and is to place on long-term loan within the house, the prints kindly donated by her, original boxed Westmorland slates removed from the East Front roof during the repair programme, t-shirts emblazed with Zoe Ro new guidebooks, and photographs taken by our very own resident photographer David Sowter. Over the course of the year staff and volunteers managed to raise a whopping £62,417 from fundraising activities, helping to ensure that the Trust could continue its work providing opportunities for the people of South Yorkshire. The Flock is once again playing an important role in fundraising for

hand-selected and given a new lease of life as utterly unique, hand-crafted artworks. The now transformed framed, wallmountable images or individual, freestanding displays are now being sold to raise further funds.

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WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2021

Reach New Audiences

The Gardens

The team swiftly realised a COVID55-acre garden was to become our salvation over the course of 2020.

By the summer, the woodland copses, wildflower meadows and rambling lawns - once beautified by famed Georgian landscape gardener Sir Humphrey Repton - had been thrown open to paying visitors for the first time. This attracted a whole new family audience to the site and over the course of the year 35,832 people visited. That is more than all of our house tour visitors in the previous three years put together.

The mansion was open for just a few weeks over the summer holidays, but the gardens opened for much of the year and will continue to open to the public post pandemic. The gardens brought income, but also gave people a beautiful, relaxing place to exercise and unwind during such a difficult time. We were able to provide outdoor catering with food trailers stocked up with food and drink, outdoor toilets and hand-washing stations and lawn games. The WWPT team follows a thorough COVID-19 safety protocol, disinfecting equipment and facilities throughout the day and visitors are asked to pay attention to safety signage and one-way systems during their stay.

Entrepreneurial Spirit

As the pandemic continued to affect the way we all live, a further funding round was announced by the Government, the Culture Recovery Fund. A grant, distributed by the National Lottery Heritage Fund of £468,282 was awarded in October 2020 to help the Trust survive and thrive in the run up to winter from November 2020 to March 2021. This, along with a Government Bounce Back Loan, allowed us to rethink our strategy and focus on diversifying the business to really encompass the outdoor offer and to launch a new digital department.

Two new food trailers were purchased, the first to provide drinks and snacks for visitors to the garden and the second to provide a take-out service on the East Front. A further round of funding the Culture Recovery Fund 21, provided a further grant through the National Lottery Heritage Fund, allowing us to build on this, purchasing a mobile classroom for the realised that people needed to feel safe and protected and staff and volunteers soon adapted by using new PPE, creating new methods of working and safe visitor routes. Although the house remained closed for much of the year, we were able to continue to safely welcome visitors and generate income from new activities based outdoors.

Professionalism

Though we were closed for many months of the year and could only deliver a very restricted indoor offer when guidelines were relaxed over the summer, we became very determined to take our new diversified business plan and build on it, bringing in some new roles and expertise to support this.

Three new posts were created, utilising the Culture Recovery Funding including a COO, Head of Hospitality and a Digital Programme Manager. Chief Operating Officer Paula Kaye, is an accomplished hospitality and retail director who made her mark with world-class food brands Betty's Tea Rooms and Taylor's of Harrogate at both strategic and operational levels.

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WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2021

Head of Hospitality, Darren Procter, joined Wentworth from Sheffield Hallam University, where as Executive Chef he developed the campus food offer and oversaw all catering operations. Darren previously ran his own restaurant in Cornwall and brings a passion for sustainability and supporting local producers to the menus at Wentworth.

Olympic Park and English Heritage sites Dover Castle and Osborne House to the WWPT events programme.

In addition to the new permanent staff positions, a number of new consultants positions were commissioned during the year. Dr Suzanne Carter joined as the Activity Planner, Sheila McGregor as Evaluator, Access4All to provide accessibility advice, Sally Prothero and Johnnie Phibbs as Garden and Landscape Masterplanners and Winster Marsh as Branding Consultants. All of these commissions are being funded through the development phase of the Camellia House project.

Apprenticeships

The Trust employs two apprentices within the administration function and our main contractor and sub-contractors have also hosted two apprentices throughout the contract works programme. Wentworth Woodhouse Preservation Trust remains fully committed to training and professional development of staff and volunteers.

Volunteering

Due to the national lockdown, no volunteering could be delivered until July 2020, and then another lockdown and further restrictions followed in November 2020 until March 2021. Which meant that volunteering at Wentworth was seriously limited over the course of the year. The volunteer team came together exceptionally well to support each other and the business throughout an extremely very difficult time and we are extremely grateful for their loyalty.

Despite the restrictions Between July 2020 and March 2021, volunteers contributed 11,094 hours to the business.

On 4[th] July 2020 the gardens were opened to the public for the first time on a free-flow advance booking basis and a team of volunteers was needed to support this new venture. The volunteer coordinator returned to work from furlough to facilitate the opening of the gardens with the Open Gardens Support Team (OGST). Open Gardens Support Team - contributed over 2,500 hours to the running of the open gardens.

In October the house finally reopened but on an advance booking free-flow basis. This new way of seeing the house interiors (previously we had only offered tours) required volunteer room stewards training was held, and the Open House Support Team contributed 732.5 hours to opening the house during October and early November. Despite the restrictions 354 hours of training were completed over the year including access for all, customer service, OGST and room steward training.

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WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2021

As the usual quarterly update and social meetings were unable to be held this year, communications with our volunteers became a real challenge but before being furloughed, the volunteer coordinator contacted all the volunteers and sought responded and were sent a weekly lightopen. The missives ran to 31 editions, 37,500 words, innumerable photos and 107 sides of A4. Our thanks go to Alison Constantine, our very devoted Volunteer Co-ordinator for her dedication to friendships and for keeping everybody engaged and positive during this time.

Fundraising was more important than ever, and our fantastic volunteers contributed 766 hours of their time to helping the Trust raise much needed income by selling our bespoke items such as roof slates and canvas prints, as well as giving time Likewise, the retail volunteers continued to come into work when it was safe to do so and contributed 165 hours to making a success of the shop.

The Garden became one of the few areas where volunteers were able to return reasonably early on in the pandemic. The gardening teams contributed a total of 2440 hours, including 457 hours in March to install the new paths which look splendid.

Maintenance volunteers contributed 1461.5 hours and this year their focus extended to making bespoke items for the gardens such as bin housings, as well as maintenance within the house.

As part of our plans to diversify our business model a new digital programme was established at the end of 2020 and two new Digital Production teams of volunteers created and trained to use specialist equipment, lighting, filming and editing suites so that WWPT could start to document the progress of the restoration and the work of the Trust by way of film documentaries. As most of the training took place at home it has not been possible to track the number of hours volunteers dedicated to the task but our thanks go to them all and particularly Steve Ash, who led the programme and himself gave over 700 hours of his time to ensuring its success.

Many other hours were given across tours, events, housekeeping, research, car parking, and buggy driving. We aim to recruit further members from all across society to help us continue with our extraordinary journey to the future of a selfsustaining Wentworth Woodhouse. The work of the Trust simply would not be possible without our army of volunteers and our thanks goes to each and every one of them.

Caring for the Environment

Redeveloping the Grade II* listed Camellia House into a daytime cafe and evening events venue is Wentworth Woodhouse phase of the project this year thanks to grant funding awarded from a number of grant givers including the National Lottery Heritage Fund, Architectural Heritage Fund, the Pilgrim Trust, the Fitzwilliam Wentworth Amenities Trust, Ian Addison Charitable Trust, Historic England and the Garfield Weston Foundation. The project includes plans to take the building back to its original use - in 1738 it was an orangery with a tearoom created for Lady Rockingham, wife of the 1st Marquess, to entertain her guests. It became home to camellias when the 2nd Marquess became one of the earliest English collectors of the rare blooms being brought from China and Japan in Georgian times.

Though now a shell, the building still houses some of the oldest and rarest camellias in the Western World. They will have pride of place in the new cafe and will be carefully protected during building work, which it is hoped will begin next year

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WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2021

subject to funding being secured. The project is moving at pace with lead architects Donald Insall Associates appointed in December 2020 having developed the designs and submitted plans for the statutory permissions required.

Donald Insall Associates, known fo most significant stately homes, have also been working up the plans for three other 18th and 19th century buildings on site: The Riding School is earmarked as a multimedia and events space, the Southern Range of th

guest accommodation. The award-winning practice recently worked on the two phases of restoration work and emergency repairs at the mansion alongside quantity surveyors Rex Procter and Partners, of Leeds, and Project Organiser David TrevisSmith, of Warwickshire-based DTS Solutions. Both firms have also successfully tendered for the Camellia House project.

-year Masterplan, the Riding School is earmarked as a major conference and events space, the

The Camellia House will have its own kitchens and will operate as a daytime cafe and a dining and events venue in the evenings.

In addition to the development phase of works at the Camellia House and Stables, footpaths created 200 years ago were restored in the gardens over the course of the year. Visitors can now follow the paths to t guests of the Marquess of Rockingham would once have done. The formal walking routes were likely created around the , in the early 1790s. But years of neglect had left many barely visible and snow during the winter of 2020 had worsened their condition. They needed to be made safer for local people to come and enjoy fresh air and exercise during the pandemic.

y Wangers and the Bramble Bashers, put in weeks of toil and got the paths back on track.

They lead from The Stables to the West Drive, down past the Ha-Ha to the Mulberry Garden and ornamental stone Punch Bowl. A further stretch, known as the old carriage drive, had completely grassed-over but is now back to its original condition too.

excavation began.

The local HQ of TC Harrison JCB, one of the largest JCB specialists in the UK, kindly loaned an eco-friendly E-Tech 1.5 tonne digger which delicately peeled back years of leaf mulch and mud. Path edges were manually cut by the garden volunteers, then 58 tonnes of Scottish red granite gravel were laid and levelled. Original paths would have featured -redcolliery spoil, a mining by-product available in abundance from an estate built on coal. But the material is no longer recommended as it is high in sulphate.

Diversity

The development of our 4 year Activity Plan got underway this year and is themed around Diversity and Inclusivity. Dr Suzanne Carter, who is leading the project, has been working hard to engage the diverse mix of community groups from the Rotherham area.

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WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2021

The chapel became the backdrop for exhibitions in 2020 when the Preservation Trust linked with Rotherham Open Arts Renaissance project (ROAR).

ROAR is an Arts Council funded National Portfolio Organisation which helps emerging local talent to find an audience and the chapel exhibitions are funded by WE Great Place project.

The chapel at Wentworth Woodhouse welcomed a thoughtwhich ended abruptly during the pandemic last year but has returned to the site more recently. Called The Suitcase, it marks the monumental life change of the first generation of Pakistani women who came to Rotherham in the 1960s, telling their stories through the memories they carried with them in hearts and luggage.

The exhibition ran briefly before the UK went into its second national lockdown on November 4, forcing the mansion to close. It captures the sight, smell, and feel of the Pakistani home through stories, poetry, visual images and video. Everyday objects the women brought with them will be on display; prayer mats, clay pots, bracelets and henna and photos of the family left behind, plus the letters that arrived from home as they navigated a new life. Thrilled to show their art work, Zanib Rasool MBE, a Rotherham writer and poet, who makes up the Zanib Collective works with Shaheen Shah, a visual artist, and oral historian Mariam Shah. Poems by famous Pakistani poets Faiz Ahmed Faiz and Mohammed Iqbal also feature.

The Suitcase h

communities feel a sense of pride and connection. With support from Rotherham Ethnic Alliance, we organised group visits share their thoughts about how we can encourage a wider range of people to visit in the future.

Innovation

We embraced the world of Digital!

Using the first emergency grant we received from the National Lottery Heritage Fund, a digital audit of the site was carried out in October 2020, to help us understand what might be possible and what more might be more challenging when looking to embrace digital technology, not a straightforward exercise when dealing with an historic building. The findings of the report encouraged us to take a leap and to apply for funding from the Culture Recovery Fund, to support the purchase of mobile film studio equipment. The funding also provided training for 2 groups of volunteers to train as film production teams learning how to deliver sound, lighting, camera and scriptwriting. The teams have now made an astonishing number of behind the scenes films, over 50 to date, which can now be seen on the internal screens in reception and in the café, as well as on our new YouTube channel which will be formally launched later this year. It is hoped that the channel will bring in much needed advertising revenue. The production teams will be filming events later this year including lectures which will allow us to grow our pay as you go on-line offer. Our thanks goes to the team at Captive North who managed to redesign the training package they delivered for our volunteers so that it could taught on line rather than in person. No easy feat!

The funding from the Culture Recovery 21 grant further added to our digital expansion and allowed us to commission a new website which will go live later this year, digital games, virtual tours and a digital asset management system.

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WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2021

It also provided funding to launch our first Wentworth Woodhouse Scriptwriting Award, a global competition to promote new talent and film making. The winner will see their script turned into a short film in locations at the mansion, its grounds and historic buildings. The short film will be produced by South Yorkshire film-maker and director James Lockey and will debut as part of a major event at the mansion in March 2022.

Partnerships

We simply would not have survived the year without the support of our partners. Our thanks goes to all who supported us, including funders, donors, contractors, visitors, neighbours, friends, staff and volunteers. Our special thanks must go to the National Trust for on-going support of our operations, Historic England for Heritage Stimulus grant funding and expert advice, and the National Lottery Heritage Fund for their support by way of the Culture Recovery Funding without which we simply would not have survived. We would also like to recognise the fantastic work carried out by Woodhead Group, particularly Andy Stamford, Captive North for the digital training, and Craig Dixon And apprentices for exquisite plaster re

Financial matters

a. Going concern

After making appropriate enquiries, the Board of Trustees has a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

The trustees have considered the ongoing recovery from COVIDas well as the wider economy. Whilst it is not considered practical to accurately assess the duration and extent of the any continued disruption, the trustees are confident that they have in place plans to deal with any financial losses and cash deficits that may arise. They will continue to monitor the impact on income and take appropriate action as necessary.

The trustees do however recognise that uncertainty continues to exists around the duration and impact of COVID-19 and hence there is risk regarding the success and sustainability of these plans. However, the trustees have concluded that the charity remains a going concern whilst such viable options are available to it. The trustees therefore continue to adopt the going concern basis of preparation for these financial statements.

b. Financial review

The charity continues to satisfy its objectives and is presently financially secure.

Total income amounted to £3,925,404 (2020: £4,479,366). Total expenditure was £4,981,601 (2020: £4,417,337) resulting in net expenditure of £1,056,197 (2020: net income of £62,029). It should be noted that of the net expenditure includes expenditure on the capital works programme.

As at 31 March 2021 funds totalled £9,454,335 (2020: £10,510,532) of which £373,649 (2020: £262,207) were unrestricted funds, £1,314,996 (2020: £2,482,635) were restricted funds and £7,765,690 (2020: £7,765,690) were endowment funds.

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WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2021

c. Principal risks and uncertainties

• The trustees have a risk management strategy which comprises:

• A monthly review of the principal risks and uncertainties that the Trust and the subsidiary Wentworth Woodhouse Trading Ltd face. These risks are presented in the form of 2 risk registers; Corporate Risk and Capital Works Risks. The establishment of policies, and systems to mitigate those risks identified.

• The implementation of procedures designed to minimise any potential impact on the Trust should these risks materialise.

Key financial risks are detailed below. Attention is also focussed on non financial risks arising from fire, health and safety, legal claims, and damage to the reputation of the Trust. These are managed by ensuring we are fully compliant with legislation, we have robust policies and procedures in place and that regular awareness training is provided for staff and volunteers working in these operational areas.

Risk 1

Insufficient income is obtained to support ongoing revenue required to maintain and manage Wentworth Woodhouse. Charity support and commercial income is not received or sufficiently generated to meet expectations.

Remedial action

Risks to revenue have arisen because of the impact of COVID-19, however, the mix of commitments from charitable sources and commercial income from several on going and proven streams, for which conservative assumptions have been made, provide a robust basis and substantially mitigate the risk.

We continue to seek charitable donations, engage the public, charities and seek to develop an active local fundraising committee.

Each departmental head is now working to a business plan and budget so as to maximise opportunities for income generation. Revenue has been secured from the National Trust to support core costs. New Government funding streams including the Heritage Stimulus Fund and Culture Recovery 3 have recently been announced. Financial reporting improvements have been made and monitoring of the financials are now being carried out by the Finance, Staffing and Audit Committee.

Risk 2

Fundraising to support revenue costs as detailed in the fundraising strategy fails to achieve targets required. Fundraising committee fails, costs cannot be met, Wentworth Woodhouse fails and closes.

Remedial Action

An experienced fundraising CEO and an influential Board of Trustees are in place. The Trust has good existing relationships with funders. A high number of volunteers are included in fundraising activities. Advantage has been taken of the Government Furlough Scheme which significantly mitigated staffing costs over the year covered in this report and continues to support some of the staff costs in 2021.

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WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2021

A Fundraising Committee meets regularly. The Trust ensures donations can be easily received by way of onsite donation boxes which are now in place and social media Just Giving. The fundraising committee has a number of campaigns planned.

Risk 3

Inadequate reserves and cash flow problems. Falling income, poor financial management and accounting, lack of adequate information and profligate spending. Wentworth Woodhouse cannot meet its commitments and ceases to be a going concern.

Remedial Action

The Trust has implemented a reserves policy and monthly management accounts produced. The Trust has a strong mix of trustees with commercial, heritage and banking background. The financial Trustee plans to carry out a complete financial policies and procedures review. A new full time staff member has recently been appointed to provide further resource to the Finance Department.

Risk 4

Loss of capital due to theft or fraud. Inadequate financial controls. Reputational risk, potential for further sanctions, less resources to deliver charitable objectives.

Remedial Action

The Trust has implemented stringent financial controls and procedures. Thresholds have been introduced for all payments, and all payments require two signatures. An Anti money laundering policy has been introduced and client identification required for all transactions over £10k in value. Bank mandate and financial controls are reviewed annually.

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WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2021

Risk 5

The impact of COVID-19 limits visitor numbers. Lack of destination support, parking facilities etc. Poor visitor numbers equate to lower visitor spend and therefore income to sustain the House as a visitor attraction.

Remedial Action

Funding obtained from the NLHF, The Art Fund and Arts Council England has allowed the Trust to introduce new tour offerings, a digital offer and a number of new resources to encourage spend in the gardens.

d. Reserves policy

The trustees have considered the reserves held by the Trust as at 31 March 2021. The Trust needs reserves to enable it to develop its long term aims as well as ensuring the continuation of current activities. As at 31 March 2021 the Trust held reserves totalling £9,454,335, of which £7,765,690 were held in endowment funds, £1,314,996 were held in restricted funds and £373,649 were held in unrestricted funds. Free reserves as at 31 March 2021 totalled £295,089 (2020: £176,418 reserves in cash or in grant offers awarded but not yet received which will be sufficient to cover six months of its unrestricted operating costs, which currently equate to £306,633. The t are working towards achieving the free reserves target in the coming year.

e. Plans for future periods

Moving forward now that the Phase Two works have reached practical completion the Trust has clear objectives with regards to the physical development of the site: we must complete the HE funded Phase 2E works to the North Pavilion, Long Gallery Roof, and North and South Quadrants which are on schedule and which should finish before the end of the summer. This will ensure that more (although by no means all) of the most urgent roof repair and replacement works will have been delivered and some of the issues with water ingress, dry rot and the rapid deterioration of roofs will be halted.

development phase of MP1 (The Camellia House) and MP3a (the southern range of the Stables including the Riding School) must be completed and a round 2 bid submitted for consideration by the National Lottery Heritage Fund in November 2021. It is now envisaged that the delivery phase of the Camellia House will begin in mid 2022 and the Stables in 2024.

Expression of Interest brochures will be prepared for new projects covering The State Rooms, the Community Workshop at the Stables and the Bastion Wall. A viability appraisal is planned for Bedlam.

The trading company will focus on building the visitor offer particularly with reference to hospitality, retail and the garden activity trailer purchased with Culture Recovery Funding. The new Garden Cabins available for day hire are expected to bring in new income to the business.

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WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES' REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management

The Wentworth Woodhouse Preservation Trust is a Building Preservation Trust and a company limited by guarantee. Wentworth Woodhouse Trading Limited is a wholly owned subsidiary of the Trust. At present the Trust is managed by its Trustee body, the Board of Trustees. This body usually meets bi monthly and currently has 12 members.

The responsibility for recommending the appointment of trustees to the Board rests with the Board of Trustees. Trustees are appointed on the basis of an analysis of the current skills on the Board and the need to strengthen its ability to direct the affairs of the Trust, and the individual ability of any nominee to meet the perceived gap in skills and other qualities that they may bring to the Trust.

All trustees receive a copy of the Constitution, the latest guidance from the Charity Commission on the role of an effective trustee and an organigram detailing the executive structure of both the Trust and the trading company. They all attend tours of the house and gardens and meet with the CEO in advance of their formal appointment.

Within the Board of Trustees there are two sub committees: the Finance, Staffing and Audit Committee and the Capital Works Project Steering Group (which has Trustee representation within its membership).

Key management personnel remuneration policy

The trustees delegate the day to day management of the charity to the key management personnel. Remuneration for key management personnel is determined by the Board of Trustees. Levels are established from a review of the objectives of the charity, the tasks to be achieved, the responsibility of the role and breath of skills required. In addition, levels are benchmarked within the locality and within the heritage sector.

Third party indemnity provisions

Insurance for trustees against liabilities in relation to the company, as permitted by the Companies Act 2006, is maintained under a policy held by Wentworth Woodhouse Preservation Trust.

Page 18

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company Ilmlted by guarantee) TRUSTEES, REPORT (INCLUDING DIREcfoRS REPORr FOR THEYEAR ENDED 31 MARCH 2021 Trustee5' responsibillties statement The trustees Iwho are also directors tsf Wentworth Woodhou5e PrÈservation Trust for the purposes of company lawl are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year. Under company law, the trustees must not approve the financial 5taternent5 unle55 they are satisfied that thev ￿1ve a true and fair view of the state of affairs of the charitable company and of the incoming resource5 and application of re50urcÈs, including the income and expenditurÈ, of thÈ charitable company for that period. In preparing these financial staternents, the trustee5 are required to.. select suitable accounting policies and then apply them consistentlyi observe the methods and principles in the Charities 50RP 2019 IFRS 1021-, make judgements and estimate5 that are reasonable and prudent,. prepare the financial statements on the going concern basis unless it is inappropriate to presume that thp charitahlg rnmpany will continiie in oppration The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statement5 comply with the Companies A¢t 2006. They are also responsible ftsr $3fè8uardiri8 thè agsets of the eharitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Disclosure of informatlon to audltor In so far as the trustees are aware,. there is no relevant audit information of which the charitable group's auditor is unaware,. and the trustèes h8ve taken all the steps that ought to have been taken to make themselves aware of any relevant audit inform3tion and to establish that the charitable group's auditor is aware of that information. This report was approved by the trustees, on 28, September 2021 and signed on their behalf by.. ame Julle Ann Kenny DBE DL Chair Page 19

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF WENTWORTH WOODHOUSE PRESERVATION TRUST Opinion We have audited the financial statements of Wentworth Woodhouse Preservation Trust Ithe'parent charitable cornpany'l and its subsidiaries Ithe 'group'l for the year ended 31 March 2021 which comprise the Consolidated statement of financial activities, the Consolidated balance sheet, the Company balance sheet, the Consolidated statement of cash flows and the related notes, including a summèry of significant accounting policies. The financial reporting framework that has been applied in their preparation 15 applicable law and United Kingdom Accounting Standard5, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements-. give a true and fair view of the state of the group's and of the parent charitable company's affairs as at 31 March 2021 and of the group's incoming resources and application of resources, including its income and expenditure for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII 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 Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'5 Ethical Standard, and we have fulfilled our other ethical respon5ibilitie5 in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financia15tatements, we have concluded that the tru5tee5' Use of the going concern basi5 of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the eroup's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial stat8ment5 are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Page 20

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF WENTWORTH WOODHOUSE PRESERVATION TRUST ICONTINUEDI Other information The other information comprise5 the information included in the trustees, report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the trustees, report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. Our re5pon5ibility is to read the other information and, in doing so, consider whether the other information 15 materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the finantial statements themselves. If. based on the work we have performed, we conclude that there is a material mi55tatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on othèr matters prèstribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the trustees, report lincorporatine the directtsrs. report) for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the directors, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors. report. We have nothing to report in respect of the following matters in relation to which Companies Art 2006 and the Charities Act 2011 require5 US to report to you if, in our opinion.. the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate ftsr our audit have not been received from branches not visited by us.. or the parent charitable company financial statements are not in agreement with the 3ceountinE records and returns,. or certain disc105ures of directors, remuneration specified by law are not made,. or we have not received all the information and explanation5 we require for our audit,. or the trustees were not entitled to prepare the financial statements in accordance with the small companies, regime and take advantage of the small companies, exemption5 in preparing the direcotrs, report and from the requirement to prepare a strategic report. Page21

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF WENTWORTH WOODHOUSE PRESERVATION TRUST ICONTINUEDI Rèsponsibilities of trustees As explained rnore fully in the trustees, responsibilities statement, the trustees Iwho are also the directors of the charitable 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 view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Group or the parent charitable company or to cease operation5, or have no realistic alternative but to do 50. Page 22

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF WENTWORTH WOODHOUSE PRESERVATION TRUST ICONTINUEDI Auditor's responsibilities for the audit of the financial statèments We have appointed auditor under the Cornpanies Act 2006 and section 151 of the Charities Act 2011 and report with those Act5. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material mi55tatement, whether due to fraud or error, and to 155ue an auditor's report that include5 our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of user5 taken on the ba515 of these financial Statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below.. the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or rectsgnise non-compliance with applicable laws and regulations., we identified the laws and regulations applicable to the charitable cornpany through disCU55ion5 Wlth directors and other management, and from our commercial knowledge and experiences of the charity's sector,. we focussed on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charitable company, including Charities Act 2011, Companies Act 2006, taxation legislation and data protection, employment and health and safety legi51ation,' we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence throughout,. identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-cornpliance throughout the audit. We assessed the susceptibility of the charitable company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by,. making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risks of fraud through management bias and override controls, we.. performed analytical procedures to identify any unusual or unexpected relationships.. tested journal entries to Identify unusual transactions,. a55e55ed whether judgernent5 and assumption5 rnade IN determining the accounting e5timate5 set out in note 2 were indicative of potential bias,. and investigated the rationale behind significant or unusual transactions. In re5pon5e to the risk of irregularities and Non-compliance with law5 and re8ulation5, we designed procedure5 which included, but were not limited to- agreeing financial statement disclosures to underlying supporting documentation,. reading the minutes of meetings of those charged with governance., enquiring of management as to actual and potential litigation and claim5,' and Page 23

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF WENTWORTH WOODHOUSE PRESERVATION TRUST ICONTINUEDI discussions with senior management regarding relevant regulations and reviewing the charitable company's legal and professional fees. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-cornpliance with laws and regulation5 to enquiry of the director'5 and other management and the inspection of regulatory and legal correspondence. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities is available on the Financial Reporting Council's website at.. htt www.frc.or .uk Our-work Audit Audit-and-assurance Standards-and- uidance standards-and- uidance-for- auditors Auditors-res Descri tion-of-auditors-res onsibilities-for-3udit.3S x. This description forms part of our auditorfs report. Use of our report This report is made solely to the charitable company's members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body,and in accordance with Part 4 of the Charities IAccounts and Reports) Regulations 2008. Our audit work has been undertaken 50 that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and Its members. as a body, for our audit work, for this report, tsr for the opinions we have formed. Jane Nlarshall (Oct 12, 202116..26 GMT+II Jane Marshall Isenior statutory auditor) for and on behalf of BHP LLP Chartered Accountants Statutory Auditor 2 Rutland Park Sheffield SIO 2PD Date: Oct 12. 2021 Page 24

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNT} FOR THE YEAR ENDED 31 MARCH 2021 Unrèstrided fund5 2021 Rèstrieted fund5 2021 Endowment fund5 2021 Total fund5 2021 Total funds 2020 Note Income and endowments from: Donations and legacie5 Charitable activities 73,982 173,785 242,821 3,315 3.179,538 3,253,520 173,785 242,821 3,315 3,610,899 262,044 596,803 Other trading activities Investments 9,620 Other income 251,963 251,963 Total Income and endowments 745,866 3,179,538 3,925,404 4,479.366 Expenditure on: Raising funds Charitable activities 154,890 458,376 31,631 4,336,704 186,521 4,795,080 438.720 3,978,617 io Total expenditure 613,266 4,368,335 4.981,601 4,417,337 Net lexpenditurèll income 132,600 121,1581 11.188,7971 21,158 11.056,1971 62,029 Transfers between funds 21 111,442 Net movèment in funds 11.167,6391 11.056,1971 62,029 Recontiliation of funds.. Total fund5 brought forward 262,207 111,442 2,482,635 11.167,6391 7,765,690 10,510,532 11.056,1971 10,448,503 62,029 Net movement in funds Total funds carrled forward 373,649 1.314,996 7.765,690 9.454,335 10,510.532 The Con501idated statement of financial activities include5 all gains and losses recognised in the year. Page 25

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) REGISTERED NUMBER.. 08809187 CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Note Flxed assets Tangible assets Heritage assets 15 208,676 7.765,690 85,789 7,765.690 16 7.974,366 7,851.479 Current assets stocks 17 38,288 310.408 2,017,144 41,824 239,491 3,215,568 Debtors 18 Cash at bank and in hand 2,365.840 3,496,883 Creditors.. amounts falling due within one year 19 1842.5381 1837,8301 Net current 3$5ets 1,523,302 2,659,053 Creditors.. amounts falling due after more than one year 20 143,3331 Net assets excluding pènsion asset 9,454,335 10,510.532 Total net assets 9.454,335 10,510.532 Charity funds Endowrnent funds 21 7.765,690 1.314,996 7,765,690 2,482.635 Restricted funds 21 Unrestricted funds General funds 21 373,649 262,207 Total unrestricted funds 21 373,649 262.207 Total funds 9.454,335 10,510,532 The Tru5tee5 acknowledge their responsibilitle5 for complying with the requirement5 of the Act with re5PeCt to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. Page 26

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) REGISTERED NUMBER.. 08809187 CONSOLIDATED BALANCE SHEET ICONTINUEDI AS AT 31 MARCH 2021 The financial statement5 were approved and authorised for issue by the Trustees and signed on their behalf by.. Da Julie Ann Kenny DBE DL (Chair of Trustees) Date.. 28 September 2021 The notes on pages 31 to 54 form part of these financial statements. Page 27

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) REGISTERED NUMBER.. 08809187 COMPANY BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Note Flxed assets Tangible assets Heritage assets 15 186,559 7.765,690 74,999 7,765.690 16 7.952,249 7,840.689 Current assets stocks 17 2,083 366.416 1,874.834 3,356 273,492 3,143,751 Debtors 18 Cash at bank and in hand 2,243.333 3,420,599 Creditors.. amounts falling due within one year 19 1766.0501 1769,4211 Net current 3$5ets 1,477,283 2,651,178 Total assets less current liabilities 9,429,532 10,491.867 Net assets excludlng penslon asset 9.429,532 10,491.867 Total net assets 9.429,532 10,491,867 Charity funds Endowrnent funds 21 7,765,690 959,880 7,765,690 2,482,635 Restricted funds 21 Uniestricted funds Designated funds General funds 21 225.OTrJ 478.962 21 243,542 Total unrestricted funds 21 703,962 243,542 Total funds 9.429,532 10,491.867 The company's net movement in funds for the year was £l1,062,335112020. £107,003). The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. Page 28

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) COMPANY BALANCE SHEET ICONTINUEDI AS AT 31 MARCH 2021 The flnancial statements have been prepared in accordance with the provisions applicable to entities subject to the 5rnall companie5 re8ime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. ie Julie Awiii K¥iiny DBE DL (Chair of Tru5teesl Date.. 28 September 2021 The notes on page$ 31 to 54 form part of these financial 5tatewents. Page 29

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Note Cash flows from operatlng actlvltles Net cash used in operating activities 24 11,035.3351 1173,0121 Cash flows from investing activities Bank interest 3,315 1166.4041 9,620 133.4731 11,5071 Purchase of tangible fixed assets Purchase of heritage assets Net tash used in investing artivitiès 1163,0891 125,3601 Change in cash and cash èquivalents in the year 11,198.4241 1198,3721 Cash and cash equivalents at the beginning of the year 3,215.568 3,413.940 Cash and cash equivalents at the end of the year 25 2,017.144 3,215,568 Page 30

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 General information Wentworth Woodhou5e Preservation Trust 15 a registered charity and company in the United Kingdom. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page l of these financial statements. The nature of the thèrity's operations and principal activities are detailed in the trustees. report. Accounting policies 2.1 Basis of preporotion oAfinqnci015totements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Cornpanies Act 2006. Wentworth Woodhouse Preservation Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. The consolidated statement of financial activities ISOFAI and consolidated balance sheet consolidate the financial statements of the charity and its wholly owned subsidiary undertaking Wentworth Woodhouse Trading Limited, on a line by line basis. The Group has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of financial activities in these financial statements. The company's net movement in funds for the year was £l1,062,335112020- £107,003). 2.2 Going co￿¢rn After rnaking appropriate enquiries, the Board of Trustees has a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial staternent5. The budgeted income and expenditure is Sufficient with the level of reserves for the charity to be able to continue as a going concern. The trustees have considered the on8oing recovery from COVID-19 on the charity's activities. workforce and Supply chain, a5 well a5 the wider economy. Whi15t it is not con5id8red pr3Ctical to accurately assess the duration and extent of the any continued disruption, the trustees are confident that they have in place plans to deal with any financial losses and cash deficits that may arise. They will continue to monitor the impact on income and take appropriate action as necessary. The trustees do however recognise that uncertainty continues to exists around the duration and impact of COVID-19 and hence there is risk regarding the success and sustainability of these plans. However, the trustees have concluded that the charity remains a going concern whilst such viable options are available to it. The trustee5 therefore continue to adopt the going concern basis of preparation for these financial statements. Page31

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting polities Itontinuedl 2.3 Income All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. For donations to be recogni5ed the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilments of those conditions is within the control of the charity and it is probable that they will be fulfilled. No amounts are included in the financial statements for services donated by volunteers. The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the charity has sufficient evidence that 3 gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactorl and the executor 15 satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the charity, can be reliably measured. Incorne from trading activities includes income earned from fundrai5in8 events and trading activitie5 to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. The charity receives grant funding, which is recogni5ed at fair value when the charity ha5 entitlement after any performance conditions have been met, it is probable that the income will be received, and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred. The Coronavirus Job Retention Scheme ICJRSI incorne is recognised in other incorne in the period to which it relates on an accruals basis. 2.4 Expendlture Expenditure is recognised once there is a legal or constructive obliE3tion to transfer economic benefit to a third party, it 15 probable that a transfer of economic benefits will be required in Settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs. including support costs involved in undertaking each attivity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support Costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Raising funds comprise the costs of fundraising activily and trading. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. Charitable activities include the costs tsf activities undertaken to further the purposes of the Charity. Page 32

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting polities Itontinuedl 2.4 Expenditure {continuedJ Irrecoverable VAT is charged against the category of resources expended for which it was incurred. 2.5 Tanglblellxed ossets anddepreclatlon Tangible fixed assets costing £2,000 or more are capitalised, unless part of a larger project. A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised In the Consolidated statement of financial activitie5 incorporating income and expenditure account. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of c05t. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives. Depreciation is provided On the followinÈ bases.. Plant and machinery Fixtures and fittings Office equipment 3 years reducing balance 3 years reducing balance 3 years reducing balance 2.6 Heritoge assets Heritage a55et5 are recognised on the balance sheet and initially measured at Cost when purchased or if donated, their valuation. Assets are subsequently stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Heritage assets are not depreciated because the building is currently being reconstructed. 2.7 Stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. 2.8 Debtor5 Trade and other debtor5 are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Page 33

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting polities Itontinuedl 2.9 Cash ¢7t bank ond in hund Cash at bank and in hand includes cash and short-term highly liquid investments with a short rnaturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.10 Liabilities tsndprovisions Liabilitie5 are recognised when there is an obligation at the Balance sheet date a5 a result of a p35t event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recoEnised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payment5 for the good5 or service5 It must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts. discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated statement of financial activitie5 a5 a finance c05t. 2.11 Finoncial instruments The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their Settlement value with the exception of bank loan5 which are subsequently rneasured at amortised cost Using the effective interest method. 2.12 Fund occountlng General funds are unrestricted funds which are available for use at the distretitsn of the Trustees in furtherance of the general objective5 of the charity and which have not been de518nated for other purpose5. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Endowment funds represent those assets which must be held permanently by the charity, principally the listed structures at Wentworth Woodhouse, which include the Mansion and its historic contents. the stables, the Camellia House, the Ionic Temple and 83 acres of historic landscape. All of these assets are classified as heritage assets. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the investments form part of the fund. Page 34

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting polities Itontinuedl 2.13 Employee benefits When ernployees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. The charity operates a defined contribution plan for the benefit of it5 employees. Contributions are expensed as they become payable. Criticol actountirtg estimotes tsnd oretss oAiud9ment E5timate5 and judgments are continually evaluated and are based ON historical experience and other fartor5, including expectations of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions.. The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. Support costs which relate to more than one charitable activity are allocated to those activities based on an assessment criteria of percentage of total income. Income from donatlons and legacles Unrestrirted funds 2021 Restrirted funds 2021 Endowment funds 2021 Total funds 2021 Total funds 2020 Donation5 49,977 254,968 304.945 126,239 495,000 Legacies Grants 24,CQ5 2,924,570 2,948.575 2,989,660 73,982 3,179,538 3,253.520 3,610,899 Total 2020 168,452 2,947,447 495.000 3,610,899 Page 35

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Income from charitable activities Unrèstritted fund5 2021 Total funds 2021 Total funds 2020 Visitor services 148,408 25.377 148.408 25,377 232,917 29.127 Commercial and residential rents Totu12021 173,785 173.785 262,044 Total 2020 262,044 262,044 Income from other trading artivities Income from non charitable tradin8 activities Unrèstrided funds 2021 Total funds 2021 Total funds 2020 Wentworth Woodhouse Trading Limited Miscellaneous Income 212,350 212.3SO 572,059 30.471 30,471 24.744 242.821 242,821 596,803 Total 2020 596,803 596,803 Page 36

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Investment income Unrèstritted fund5 2021 Total funds 2021 Total funds 2020 Bank interest 3,315 3.315 9,620 Total 2020 9.620 9,620 other incoming resources Unrestricted funds 2021 Total funds 2021 Total funds 2020 RS income Ifurloughl 251,963 251,963 Page 37

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Raisin8 funds Direct tosts Support tosts 2021 2021 2021 2020 Donations and legacies Public and private events Miscellaneous costs 778 778 1,857 18.778 50,580 2.079 52,659 287 287 247 Investment costs 31 31 96 Depreciation Wentworth Woodhouse Trading Limited 32,163 32.163 100.603 29,818 387.924 100,603 Totu12021 151,183 35,338 186,521 438,720 Total 2020 398,349 40,371 438,720 Of the expenditure on raising funds in the current year, £31,631 was attributable to restricted funds. In 2020 all expenditure on raising funds was attributable to unrestricted funds. io. Analysls of charltable expendlture by actlvltles Artivities undertaken dlrectly Support costs 2021 2021 Total funds 2021 Total funds 2020 Visitor services 264,675 2.936 267,611 107.350 Cornrnercial and residential rents 484 1,543 3,869.724 Heritage site management 4,493,842 33.143 4,526,985 4.758,517 36,563 4,795,080 3,978,617 Total 2020 3,938,049 40,568 3,978,617 £4.326,76012020: £3,335.9261 of the above costs were attributable to restricted funds. £468,32012020'. £642,691) of the above costs were attributable to unrestricted funds. Page 38

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ii. Support costs Commercial and Heritage site residential management Fundraising expenses Total funds 2021 Total funds 2020 Tours Governance (note iii IT cost5 628 450 74 10,006 13,847 9,290 11,158 15,440 10,359 34,944 15,365 20,058 10,885 34,631 868 622 103 Staff cost5 583 418 68 Depreciation 33,259 1,446 239 Total 2021 35,338 2,936 484 33,143 71,901 80,939 Total 2020 40,371 5,041 630 34,897 80,939 Support costs are allocated on the basis of a % of income activitv. 12. Govèrnante tosts 2021 2020 Audit and accountancy fees Legal fee5 10.753 405 13.608 1,757 11,158 15,365 Page 39

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 13. Net incomellexpenditurel 2021 2020 This is sttsted ttfterthorging.- Depreciation of tangible fixed assets owned by the charitable group Auditor's remuneration audit 43,517 7.110 3.642 36.788 7,200 6,408 Auditor's remuneration- other services During the year. no Trustees received any remuneration12020- £nill. During the year, no Trustees received any benefits in kind12020- £nill. 14. Staff costs Group 2021 Group 2020 Company 2021 Company 2020 Wa8e5 and 5alarie5 Social security costs Other pension costs 626.555 41.026 636,594 45.670 587.691 37.610 509,446 38.764 17.478 16,979 16.056 15,045 685,059 699,243 641,357 563,2S5 The average number of persons employed by the company during the year was as follows.. Group 2021 No. Group 2020 No. 54 49 Page 40

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 14. Staff costs Icontinuedl The number of employee5 whose employee benefits (excludin8 ernployer pension costs) exceeded £60,000 was.. Group 2021 No. Group 2020 No. In the band £70,001- £80,000 In the band £80,001- £90,000 The key management personnel of Wentworth Woodhouse Preservation Trust comprise the CEO, the COO and Finante and Business Manager. The total emoluments earned as employees of Wentworth Woodhouse Preservation Trust, including employer national insurance and pension contributions tota15 £145,863 12020.. £152,119) Please refer to page 23 of the Trustees, Annual Report for details on how executive pay is set. Wentworth Woodhouse Preservation Trust receives a substantial amount of support and expertise from volunteers. The work undertaken by this significant number of volunteers (including Trustee timel, when expressed as a monetary value for 2020121, is £227,42012020-. £417,800). This amount is not reflected in the Statement of Financial Activities. Page 41

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 15. Tangible fixed assets Group Plant and machinery Fixlures and fittings iyfi equipment Total Cost At l April 2020 Addition5 23,627 77.461 56,487 157,575 114.353 7.763 44,288 166,404 At 31 March 2021 137,980 85,224 100,775 323,979 Depreciutlon At l April 2020 Charge for the year 8,372 17.645 32,763 15.442 30,651 10,430 71,786 43,517 At 31 March 2021 26.017 48.205 41,081 115,303 Net book vulue At 31 March 2021 111,963 37.019 59,694 208,676 At 31 March 2020 15,255 44,698 25,836 85,789 Company Plant and machinery Fixtures and fitting5 Office equipment Tolal Cost At l April 2020 Addition5 17,245 70.188 56,487 143,920 94.453 7.763 44,288 146,504 At 31 March 2021 111,698 77,951 100,775 290,424 Page 42

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 15. Tangible fixed assets Icontinuèdl Company Icontinuedl Plant and machinery FSxtures and fittings equipme Total Deprecltstlon At l April 2020 Charge for the year 7.1XJ7 10,997 31.263 13.517 30,651 10,430 68,921 34,944 At 31 March 2021 18.004 44.780 41,081 103,865 Net book vulue At 31 March 2021 93,694 33,171 59,694 186,559 At 31 March 2020 10,238 38,925 25,836 74,999 Page 43

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 16. Heritage assets Group und Company Assets recognised at cost Wentworth Woodhouse 2021 Carrying value at l April 2020 7,765.690 At 31 Murch 2021 7,765.690 Analysis of heritage asset transactions Group und Company 2021 2020 2019 2018 2016 Purchoses Assets held at cost 1,507 15,500 7,283,683 Donations Assets held at cost 495.000 Totol qddition5 496.507 15.500 7,283,683 Chargeforimp¢7irment Assets held at C05t 130,0001 Totul charyeftir Impalrment 130,0001 Heritage assets primarily comprise of the acquisition of the buildings. contents and surrounding gardens. Page 44

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 17. Stocks Group Group 2020 Company Company 2020 2021 2021 Retail stock 38,288 41,824 2,083 3,356 Debtors Group 2021 Group 2020 Company 2021 Company 2020 Trade debtors 37,814 14,777 4,049 91.600 1,857 49,677 Amounts owed by group undertakings Other debtors 203,032 69.562 144,446 80,268 202,995 67.772 143,889 78,069 Prepayments and accrued income 310.408 239,491 366.416 273,492 19. Creditors.. Amounts falling due within one year Group Group 2020 Company 2021 Company 2020 2021 Bank loans 6.667 Trade creditors 522.761 462,117 518.712 455,078 other taxation and social security Other creditors 37.752 30.790 14.141 14.193 69.061 206.297 73,043 271.880 34.4S4 198.743 33,322 266.828 Accruals and deferred income 842.538 837.830 766.050 769.421 Page 45

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 20. Creditors.. Amount5 falling due after more than one year Group 2021 Group 2020 Bank loans 43.333 Bank loans represent a Bounceback Loan with no repayments due in the first 12 months, after which an interest rate of 2.5% per annum is applicable. The term of the loan is 6 years from July 2020 however early repayment is permitted. Page 46

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 21. Statèment of funds Statement of fund5- current year Balance at I April 2020 Transfers Inlout Balance at 31 Mar£h 2021 In£ome Expenditure Unrestrlctedfunds General funds 243,542 18,665 533.516 212.350 1407,0541 1206,2121 121.1581 348,846 24,803 Trading subsidiary 262,207 745.866 1613,2661 121.1581 373,649 Endowmentfvnds Endowment Funds 7.765,690 7.765,690 Restrlctedfunds Acquisition fund HLF resilience grant fund 2 Historic England National Trust Grant 3,231 5,196 2.010,732 3,231 22,710 1,350.976 121,117 310.602 151,0151 12.465,9041 1103,1461 1475,8151 1359,0001 14,6861 23,109 895,804 17,971 164,3381 Masterplan phase 113a Cornicing Grant Restricted donations 100,875 354,000 8,734 11331 5,OCNJ 29.968 11.2101 32,806 11331 20,270 4,149 31,411 Bedlam Wing NLHF Emergency Fund Posttode Lottery HHA Consortium 240.9LXI 20,000 395.795 1219,8891 115,8511 1364,3841 1308,0451 16001 17411 Culture Retovery Grant Arts Award 421,470 36.OiXI 225,0 113,425 35,400 225,000 Donations for maintenance 2,482,635 3,179,538 14,368,335) 21,158 1,314,996 Total offunds 10.510,532 3,925.404 14.981,6011 9.454,335 Page 47

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 21. Statèmènt of funds Itontinuedl Statement of funds- prior year Balance at 31 March 2020 Balance at l April 2019 Transfers in/out Income Expenditure Unrestrictedfvnds General funds 232,003 464,860 572,059 1464,3781 1617,0331 11,057 243,542 Trading subsidiarv 63,639 18,665 295,642 1,036,919 11,081,411) 11,057 262,207 Endgwmentfvnds Endowment Funds 7,269.183 495,000 1,507 7,765,690 Restrictedfunds Acqui51tion fund HLF resilience grant fund 2 Historic England National Trust Grant 3,231 8.347 2,843,472 12.803 3,231 5.196 2,010,732 90,840 2,069,078 260.623 193.9911 12,901,818) 1262.3691 166,7881 15.9341 111.0571 Masterplan phase 113a Great Places grant Cornicing Grant Restricted donations 4,845 162,818 5,934 100,875 354,000 4,154 354,000 8.734 11331 10.980 14.8931 11331 11,5071 Bedlam Wing 2,883,678 2,947,447 13,335,926) 112,5641 2,482,635 Totol oflunds 10,448.503 3.442,447 14.417.337) 10,510.532 Page 48

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 21. Statèmènt of funds Itontinuedl The Acquisition fund represent5 grants and donation5 specifically for the purchase of the property. The HLF resilience grant fund is restricted to the following.. the employment of the CEO, finance and business manager. project manager and governante review. There was also provision in this grant for training/travel expenses. The resilience funding was also awarded for two fixed term appointments Icomrnerical Operation5 Manager/Cornmunications Manager) to help the Trust move towards a financially sustainable model. In addition to commission a consultant to carry out a review of the Historic House Events Market and develop an events strategy. The Historic England Urgent Works, Phase I, Phase 2 and Slate grant funds all form part of the £7.6m awarded from DCMS to undertake urgent work to secure the building. These have now been consolidated into one fund, the Historic England fund. The National Trust grant was awarded to assist the Trust in building capacity to develop the visitor offer. The Masterplan Phase I was awarded towards the project which will see the Camellia House redeveloped, removal of Swimming pool and creating a car park. The Masterplan Phase 3a is a development phase of the southern range of the Stables including the Riding School. These have now been consolidated into one fund, the Masterplan Phase 113a fund. The Cornicing grant was awarded foi repair work to the East Front Cornicin8. Restricted donations comprise a number of individual donations to be used for defined purposes. The Bedlarn Wing grant Was awarded for the repair5 to the Bedlam Wing of the house, the deficit is caused by expenditure incurred before the grant monies were received post year end. The NLHF Emergency fund represents £240,900 that was granted as a means of support in response to the COVID-19 cri515, by providing funds to cover e55eNtial costs between lune & September 2020, as well as cost5 to look towards further longer term recoverv. The Postcode Lottery fund was originally granted for the development of a community garden. Due to the COVID- 19 pandernic the P05tcode Lottery allowed the fund5 to be derestricted, as a consequence these funds were used alongside the COVID-19 Heritage Emergency Funds to support core costs between June & September 2020. The HHA Consortium fund is Heritage Stimulus Fund, part of the Government's £1.57bn Culture Recovery Fund for Heritage. The Trust was able to install a temporary heating system & other repairs to underground drainage, a new water mains connection and the removal of asbestos from the mansion's cellar. The Culture Recovery Grant fund was awarded to provide funds to help support essential costs between November 2020 & March 2021, as well 35 focus on diversifying the busine55 to encompass the outdoor offer and launch a new digital programme. The Arts Award fund was awarded to provide funds for an audio and projection installation as part of the wider visitor experience development. The donations for maintenance fund represent donations restricted to maintenance expenditure only. Transfers from restricted funds to endowment fund5 repre5eNt heritage asset addition5. Transfers from the Page 49

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 21. Statèmènt of funds Itontinuedl unrestricted funds to restricted funds represent a misallocation of expenditure to the restricted fund5 in prior vears. 22. Summary offunds Summary of funds- turrent year Balance at I April ZOZO Transfers Inlout Eialance at 31 March ZOZI Income Expenditure General funds 262,207 7,765,690 745.866 1613,2661 121.1581 373,649 7,765,690 Endowment funds Restricted funds 2.482,635 3,179.538 14.368,3351 21.158 1.314,996 10.510,532 3,925.404 14.981,6011 9.454,335 Summary of funds- prior year Balance at 31 March 2020 Balance at l April 2019 Transfer5 in/out Income Expenditure General funds 295,642 7,269,183 2,883.678 1,036,919 495,000 2,947,447 11,081.4111 11,057 1,507 112.5641 262.207 7,765,690 2,482.635 Endowrnent fund5 Restricted funds 13,335.9261 10,448,503 4,479,366 14,417.3371 10,510.532 Page 50

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 23. Analysis of net assets between funds Analysls of net assets between funds- current year Unrestrictèd funds 2021 Rèstritted fund5 2021 Endowmènt funds 2021 Total fund5 2021 Tangible fixed assets Heritage assets Current assets 78,560 130.116 208,676 7.765,690 2,365,840 1842,5381 143,3331 7,765,690 1,180,960 1842,5381 143,3331 1,184.880 Creditors due within one year Creditors due in more than one year Totul 373,649 1,314,996 7,765,690 9,454,335 Analysls of net assets between funds- prlor year Unrestricted funds 2020 Restricted funds 2020 Endowment funds 2020 Total funds 2020 Tangible fixed assets Heritage assets Current assets 85,789 85.789 7,765,690 7,765,690 3,496.883 1837,8301 1.014,248 1837,8301 2,482.635 Creditors due within one year Tot¢71 262,207 2,482,635 7,765,690 10,510,532 Page51

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Reconciliation of net movement in funds to net cash flow from operating activities Group Group 2020 2021 Net lexpenditurellincome for the year las per Statement of Financial Activities) 11,056,197) 62,029 Adju5tmentsfor.' Depreciatitsn charges Bank interest 43.517 13,3151 3.536 170,9171 48.041 36.788 19,6201 2.367 1142,5301 372.954 1495,0001 Decrease in stocks Increase in debtors Increase in creditors Heritage a5set5 donated Net cosh usedin operating ttttivities 11,035,335) 1173,0121 25. Analysis of cash and cash equivalents Group 2021 Group 2020 Cash at bank 2,013.502 3,642 3,211,738 3,830 Cash in hand Totul cash ondcosh equlvalents 2,017.144 3,215.568 Page 52

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 26. Analysis of changes in net debt At l April 2020 At 31 March 2021 Cash flows Cash at bank and in hand 3.215,S68 11,198.4241 16.6671 143.3331 2.017,144 16,6671 143,3331 Debt due within I year Debt due after l year 3.215,568 11,248.4241 1.967,144 Page 53

WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 27. Pension commitments Defined contribution pension plan The charity operates a defined contribution pension plan for its employees. The amount recognised as an expense in the period was £17,47812020.. £16,056). 28. Related party transactions No remuneration has been paid to any trustee12020'. £nill. No expenses12020: £1,354) were reimbursed to any trustees12020-. 2 trustees) for legitimate business expenditure incurred in respect of the attendance at meetings during the period in connection with the running of the Trust'5 affairs. These expense claim5 were disclosed to and approved by the Board of Trustees at its regular meetings. Indemnity insurance has been purchased from funds to.. Protect the Trustees frorn loss arising from the neglect or defaults of its Members or employees- and Indemnify Trustees from the consequences of any neglect or default on their part. The cost incurred during the year was £61312020- £7801. Donations from Trustees totalled £63,814 and other related parties totalled £50,00012020.. £12,646). 29. Principal subsidiarie5 The following was a subsidiary undertaking of the company- Name Company number Class of sharès Holdlng Wentworth Woodhou5e Trading Limited 10891000 Ordinary loo% The financial results of the subsidiary for the year were.. Name Income Expenditure Profitfor the year Net assets Wentworth Woodhouse Trading Limited 212,350 1198,3371 14,013 24,803 Page 54