Registered number: 08809187 Charily number.. 1155374 WENTWORTH WOOOHOU5E PRESERVATION TRUST IA company1Smlted by guarantee) ANNUAL REPORT AND FINANCIAL STATEMÉNTS FOR THE YEAR ENDED 31 MARCH 2022 WENTWORTH WOODHOUSE PRESERVATION TRUST IA company Ilmited by guarantee) CONTENTS Page Reference and administrative details ol the charity, it5 trustees and advisers TIu5tees' report Ilncluding strategic report and d￿reCtorS. re410rt1 2-24 Independent auditor's report 25-28 Consolidated statement ol linancial activities 29 Consolidated balance Sheet 30-31 Company balance sheet 32-33 Consolidated statement ol cash flows 34 Notes to the financial statements 35-57 WENTWORTH WOODHOUSE PRESERVATION TRLIST IA company limited by Ruaranieel REFERENCE AND AOMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS FOR THE YEAR ENDED 31 MARCH 2022 Trustees The Duke ol Devonshire KCVO CBE DL Sir Phllip Naylor-Leyland 8t Mr Timothy Cooke OBE Mr Martin Drury CBE Dame Juli@ Kenny DBE DL, Chalr Mr Simon Carr CBE Mrs Rachel Cowper Iresigned 26 October 20211 Mr lohii Caldwe11 Mr Andrew Shepherd Mi55 Toni Paxford (appointed 20 April 20211 Mts Bronwen Knight (appointed 20 April 20211 Mr Matthew Hirst lappoinred 20 April 20211 Mr Richard Ovthwaite (appointed 22 March 20221 Ms 5ilethokuhle 5itiande lappointed 30 May 20221 Company registered number 08809187 Charlty registered number 1155374 Registered offlce Wentworth Woodhouse. Wentworth. Rotherharn. South Yorkshire, S62 7TQ Key management personnel S McLeod. Chief Executtve Officer P Kaye, Chief Operatlng Officer P Ramsden. Business and Finance Manager Independent audltor 8HP LLP, 2 Rutland Park. ShelliEld, SIO 2PD Banke Barclay5 Bank plc. Church Street. Peterborough, LE87 2B8 Page I WENTWOPTH WOODHOUSE PRESERVATION TRUST IA ¢ompany limlted by guarantee) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022 The trustees present their report and the audited lin8ncial statements of the charitable group lor the year ended 31 March 2022. The annual report serves the purpose ol a trustees, report. strategic report aiid a directors. report under company law. The trustees hove adopted Ihe provisions ol the Staternent ol Recommended Practice ISORPI 'Accouniing and Reportin8 by Charitie5" IFRS 1021 in preparing the annual report and financial staternenis ol ihe charity. The financial statements have beeii prepared in accordance with the accounting policies set out in note5 to the accounts and comply with the charity's 8overnin8 docuffleiit. Ihe Charities Aci 2011 and Accounting and Reportin8 by Charitie5'. Statptnent ol Recommended Practice applic3ble to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. Trustees ol the charitv The directors of the charitable company are its rrustees for the purp05e5 of charity law. The trustees who have served durlng the year were as follow5.. Dame Julie Kenny DBE DL Chair of Trustees The Duke of L)evonshire KCVO CBf DL Sir Phillp N3ylor-Leyland Bt Mr Tlrnothy Cooke OBE Mr Marliri Drury CBE Mr Simon Cair C8E Mrs Rachel Cowper (resigned 26 Ocrober 20211 Mr John Caldwell Mr Andrew Shepherd Mr Matlhew Hirst- appointed 20 April 2021 Ms Toni Paxlord- appointed 20 April 2021 Mrs llronwen Kni8ht- appointed 20 April 2021 Mr Rlchard Outhwaite- appotnted 22 March 2022 Ms 55lethokuhle Sibande was also appointed as a trustee on 30 May 2022. Pa8e 2 WENTWORTH WOODHOUSE PRESERVATION TRUST IA company Ilmlted by guarantee) TRUSTEES REPORT FOR THE YEAR ENDED31 MARCH 2022 a. Trust objectives The objects ol the charTty are specifically restricted to the lollowin8-. 'To acquire and preserve for the benefit ol the nation the whole or any part OT parts of the buildings, grounds and surrounding land known a5 Wentworth Woodhou5e in the Metropolitan Borou8h ol Rotherham and which are Gl special historical, architectural and constructional heritage and interest I'the building") together wirh such fixtures, liirin8S, furniture, pictures and other chattels l-the conrents~l as are contained within or form pari ol the buildin8 and which are in their own right or by association with the buildin8 objects ol partlcular historlcal, archltectural or artistic interest- b. Trust prlorlttes The srrategic objecrives of Wentworth Woodhouse Preservation Trust are as lollow5'. Re8eneration alway5 attaSning to the very hlghe5t conservation standards to protect and restore the site, its buildinE5. 5trurture5 and landscape. through balènced and appropriate re-use, finding creative solutions leading to an economicèlly 5UStainable future En838ement- ro engage with, listen io and work with local communlries and wider audlences. Engaging hearts and minds to celebrate the site as an asser io the region and the nation. Oflerirtg a positive long-term contribution 10 the economic and social life of local communities and acting as a driver lor Rotherham and the wider tourist offer 3. Opportunltles- Using Wentworth Woodhouse as a remarkable heritage asset to piovide multiple year round opportunities lor the advancemenr ol skills, educarion and life-long learning by way of trainin& work experlence, volunteering and employmont, whilst enhancing knowledg@ Ihrough Scholarship and 3cademii re5ear£h Rea¢h New Audiences- providing a world clas5. inspirational aiid enjoyable experience lor all. with equality and diversity as key tlriver5 01 Dvr audience developTneiit plan Entrepreneurlal Splrlt- to operate a creative and solutions focussed bu5ine55 Wlth commercial flair whilst always seekiTr8 to deliver our charitable objective5 Profession31Fsm - to operate with openness and iran5parency. promoring best practice, behaving professionally and acting respectfully towards other5 3t all tirnes 7. Carlng for our Environment - be committed to 5U5tainable policie5 and practices. Environrnental concern5 are essential to our deci510n tnaking. We under5tènd the v3lue ol actlng in an environmentally re5pon5iblè way to minimise the impact on the environment from our operations Workln8 Relationship5 - to develop appropriate partner5hip5 Wlth others including the Fit2wllliam WentWOTth Amenity Trust and other 5takeholder5 who share our values and subscribe to our long term vision to ensure th3t Wentworth Woodhouse, comprising the house, 8ardens, park and monuments, is preserved as an entity. lor the benelir of the local community and the Nation Dlverslty- to develop an exemplary mixed-use slte which wlll be a world-class model of ac£essibillty and inclusion as demonstrated by intervention5 It make5 In the landscape and building5, the diversity of it5 activities and seTvices and by the way its communications strategy is implemented 10. Innovation ro use rechnological and digital innovation ro create Imaglnatlve visitor experience5 of unfailin8lv high quality, effectively targeted marketing and an empowered and Connected work lor£e Page 3 WENTWORYH WOODHOUSE PRESERVATION TRUST IA company Ilmiied by guarantee) TRUSTEES REPORT FOR THEYEAR ENDED31 MARCH 2022 . Publlc beneflt statement The tru5tee5 confirm that they have given careful ionsideration to the Charity Comtvission's general guidance Dn public benefit. The publi£ benefit5 derived from the Tr¢J5t's activiries include.. The advancement of arts. heritage and culture specific311y the Trusi's commirment to rhe re8enerarion of the Wenrworth Woodhouse 51te and to the reuse ol buildings in ways which will provide them wlth a sustainable future. public acce55 lor their enjoymÈnt. and the delivery of an extensi¥e events prografflme promoting art5. C￿lture and heritage. The advancement of educatitsn and specifically the provision of guided rours of the site for visitors of all ages, the provision throu8h ihe retail ourlet ol spocialisÈd texts re13tinz ro Ihe heritaee of the site and of the wider South Yorkshire region. the developrnent of archlve material to assist educatitsnal research. the provision ol prograrnmes ol lectures, visits and evenrs on and to sites of historical interest. The advancement of training specifically the Trust'5 commitment to the provislon of volunreerlng opportunlties, a wid+ranging trainin8 programme. Iraining lor staff and volunteers, work placements and work experience pportunities, workin8 extensively wilh sludenis, providing real work experience in traditional heritage skills, iatering. digltal, graphi£ design and academic research. Training and upskillin8 are key values ol the Trust as we endeavour to provide new opportunities for the communitles we SErve. Strateglc Report Achievefftents t7ndperformonce The work of the Trust at Wentworth Woodhou5e is ever expanding and evolving and in this, Just our lifih year on site, we have seen a tremendou5 shift in our approach to the core busines5, Wlth a defiant step Into the world of di8ltBI. Our hospitality offer has improved and diverslfied and we have experimented with a variety of event5 and experiences to engage new audiences. The development ol the sire anrl its regeneration has been progressive and visltors can now really see rhe Improvement5 that are being made. But all of this has been set against a back drop of a country 5tru8gling to get back on it5 leEt after closures and restricred opening a5 a result of the pandemic and an incre8sed c05t ol living which 15 having 3 marked effect on visitor number5 acr05S the Sector. The house only reopened on 19 May 2021 having t)eeii shut since November 2020. although fortunatEly the gardens had provided a sanctuary throughout ihe pandemic period. However, the team at Wentworth are a determlned group and thelr effort5 thi5 year have enabled the Trust to push on even further, in all aspects ol our work. Page 4 WENTWORTH WOODHOUSE PRESERVATION TRUST IA company Ilmlted by guaranteel TRIJSTEES REPOIIT FOR THE YEAR ENDED 31 MARCH 2022 The Trustees set a nurnber of key performance Indicators. which include achieving a financial budget target for unre5tTiCted funds, which was achieved in this linaniial year. A further key performance indicator is Ihat of increasing visitor numbers, Visitor number5 for tours and admissions were approximately 12% hi8her than the previous Financial year. These indicators are monitored closely by man8gement and the results are reported to the Finan£e, Sraffing and Audit Comfflittee and Board ol Trusiees at each meeting. ReBeneratlon- capital works Although the major roof repairs to the East Front State Rooms were completed, once our temporary roofs were removed it became apparent that our newly refurbished rainwater hoppers were even rnore appealingto our leathered friends than before with bird5 attemptirig to nest in rhem daily. creating blockages and pushing water back into rhe builijing in places, We embarked upon a programme of preventative Ma￿ntenanCe with ea£h ol our high level hoppers across the whole 51te being fitted wirh bespoke steel mesh netting. In addition. our 5ump5 were fitted with 8utter hog5 to catih debri5 from surrounding trees. Whi15t thi5 exercise wa5 challenging and took many monrhs to complete it is of PaTamount irnportance to keep the buildings weather tight. The Government had opened a nurnber of new fynding proRrarnmes rhroughout the pandemic in order to keep the construction, leisure and tourism sectors going. External repair works to the North Pavilion reached practical completion in September 2021 and we celebrated with funijers and supporters as th15 important rnilestone had been reached de5Plte the many challenges. The newly restored pavilion only went on to highlight the need to restore the South Pavilion too, which in comparison to the North Pavilion with its gilded weather vane 5hinin6 On top lor all to see. looked very Sad and unloved, An application to tbE Historic England Heritage Stimulus Round 2 fund lor extern81 repairs to thE South Pavilion and Bridge, and Clifford Lodgings was Submitted and approved in September 2021. This provided grant funding for 80% of the c05t5, the remaining 20% was secured from the Hamish Ogston Foundarion IHOFI and The Goldsmiths Company Charity. Wentworth Woodhovse had been the first site seleited to h05t a Ham15h Og5ton Foundation Summer School In 2022. It is expected that other 51te5 acr055 the UK will host future summer schools fo11owin8 the Wentworth pilot. The svmmer schoo15, funded through the foundation and 5UPPOrted by Historic Eng13nd, provide apprentices with an intensive six week heritage skills rraining experience. 5orne of the apprentices were able to join the main contractor Pinnacle Conservation lor work5 to the South Pavilion which HOF supported with 3 iapital grant. We are Lleli8hted that the Landmark Trust aFe to become a partiier or8anisation at Wentworth with the lon8-establi5hed Iharitable trust, specialists in historic holiday lets. taking a long lease on the Pavilion to deliver the internal fit out. ready lor it to become a high-class holiday let which rhEy will mana8e. Works to the south Pavilion reached practical completion in June 2022. Another suciesslul project for which we thank all of our lunder5 and 5UPPOrter5, n105t particularly The Hamish Og5ton Foundation, H5storit England. the Historic Hou5e5 Asso£iation, Landmark Tru5r and The Goldsmiths Cornpany Charltv. Page 5 WENTWORTH WOODHOUSE PRESERVAnON TRUST IA company Ilmited by 8uaranteel TRUSTEES REPORT FOA THE YEAR ENDED 31 MARCH 2022 The development phase for rhe Carnellia House and the Southern Range of the Stables completed in December 2021. Thls is alway5 a challenginE phase of any prtsjeit a5 It is when all the aspects of the design, plannlne, statutory corTrsent applicarions, public consultations and deiailed fundlng applications need to be completed. A further application for delivery ol the projert was submitted to rhe National Lottery Heritage Fund in November 2021 but this is only concerned with delivering the Camellia House projeu and the car r*ark at the old swimming pool area adjacent to the Stables. The delivery phase of Ihe Southern Ran8e of the Stables will be phased into several future funding application5. The Carnellia House delivery grant wa5 Bpproved in March 2022 and a grant 01 £4m awarLled. The cost5 ol the projert had seen subsrantial increase due to both a significant rise in niaterial costs and an expansion of the original scope of works. The shortfall for the original scope of works was secured th3nks to an uplift ii) the grant award from the Narional Lottery Herltage Fund of É614.900, bringing the original applicatloll 5urn of E3,386.300 up to Ihe E4,001.2(M) awarded. Thi5 ha5 been matched with a grant of £364,622 from the Hamish Ogston Foundation, £250,000 from Historic En8land, £118,257 from Garfield Weston, EIOO.000 from Historic House5 Foundation. £7.$00 from lan Addison Charitable Trusi, £19.270 in- kind dgnations, £33.400 volunteer time and E136.536 from WWPT own funds and other Brant appllcations. In lune 2021 a bid lor E4.6m was submirted to the Government's levelllng Up Fund via the local èuthority. Rotherham MBC lor delivery ol 3 part ol the Southern Range ol the Srables which includes new production kit£hen5 which wlll provide services across the site. Work on this is now underway and programmed to be completed by 2024. At the start of 2022 we were fortunate to receive funding from Ihp Elizabeth Cayzer Charitable Trust to lully restore rhe 6 cast iron larnp 5taiitJards Ihai are located across the East Front. They were in a very poor and decaying State and had started to fall apart. The re5roration is not straightforward with Ridgeway Forge of Shellield, who are managing rhe project, havin8 to work with our contracrors to try to tsnder5tand how they were originally put together. Work on this project is expected to complete in November 2022. Our thanks goes to all of our funders and especially to the Fitiwilliam Wentworth Estate for their cooperation with all matteTS to with plannin£ ancs car parking. Vrsltor Experlen In order to re-open the house following the effEas of Covld, a change in directlon to the visitor experience saw the room5 open for general admission or 'free flow- for rhe first time in the Trust's history. Frotn 19 M3y 2021. vi51tors were able ro explore some ol the State Rooms ai their leisure as part of a time ticketed experience. Room 5teward5 were recruiied and trained aiid positioned throughout the spaces in order to ensure thE house wa5 well protected but algo to offer additionBI information ro the interpretation pane15 rhat were placed in each of the rooms. Opening the house in the afternoon to free flow was an important change in the houses response to the pandemic, making It more acce551ble to a new audience but also providing an 8lterr)ative for those that may have ntst been cornlortable being led around on a guided tour, a potEntial issue identified by ALVA rEPOrts during the pandemic. The tour offers tontinued in the mornin6 (although reduced in number for the first few month5 due to Covidl. The garden offer Igarrlen Eeneral admissionl also remained part of the visitor experience following its successful opening during 2020. Thi5 financial year we have wel£omed over 40,000 Vlsftors on ￿ther tours or general admission. Ejthibitions and programmln8 f fhese Wolls Could Tolk12021-20221, made possible rhrough an Art Fund Respond und Reimagine Gront, looked at how Wentworth Woodhou5e could engage a new, family-based audience. Two community art15t5, along with a local Pa8e 6 WENTWORTH WOODHOUSE PRESERVATION TRUST IA company Ilmlted by guarantee) TRUSTEE5 REPORT FOR THE YEAR ENDED 31 MARCH 2022 filmogrBpher and producer, created a script and produced short film clips based on the story of the 1912 Fioyal Vi51t. These filffl clip5 and soundscapes were rhen projection niapped into screens, onto walls and withln archiirave frames where palntin8s once hung. It5 focu5 Wa5 to be a more 5tory-led di8lt81 experience that brought back to life the vast and empty space5 Wlthin the house. The funding was awardecl in September 2020 and the project launched the following August 2021. It looked at new way5 of interpreting storie5 and how different type5 of technolo8y can work in spaces within the house. It has provided us with plenty ol learnin8 and helped us to better understand how a digital offer could augment a experience lar removed from the more iraditional 'staric' room displays to something lar more innovative. Whilst a lull interpretation plall for the house is yet to be lortnally created, thi5 projeit 8ave an ideal opportunity to test and evaluate respon$25 to a new way of show£asing the house's rich and varied past. Followin8 evaluation of the project it was clear that these outcomes had been achieved. A bespoke survey was creaied which revealed that 88% 01 respondents rated the projection and audio insrallarions as either "oddNng volue" to their visii or 'were nice to see~ Ithe top Iwo categories on the survey). We were also able to See from the verbatitn cotnrnent5 that lor the tnajority. the project helped bring the house back to Ille, ollerin8 a new perspective and addin8 a new difflellsion to the vi51tor oller. Furthermore, throu8h the evaluation, we could see a correlèrion beiween visiior's enjoyrneni ol the projeci at weekends and school holidays which fits wlth the ticketing data lor families proving ihe assumpiion rhai th￿ should appeal ro a more family-based audience. Other e¥hlbltlons We have been experiTnenting with varlou5 exhibitions in the Pillared Hall, either wilh story and interpretation or as agallery ol work. In 2021, an online exhibition, Artworks Together, was created by 70 artist5 Wlth learnin8 disabilities and aurism from South Yorkshire which showcased rhe diflereni pieces of work they had created whilst shieldlng or during lockdown. Artworks Together was an international arts iompetition which celebrated the work of artists wlth learning disabillties, aulism or both. OrEanised by Artwtsrks, the exhibition show£a5ed 34 artists from 13 d11ferent countries, When Wentworth Woodhouse re-opened in Moy 2021. a selection of the pieces which varied in medium from screen prlnting to sculpture and paintins, wefe displayed at the house lor the general publi£. Partnering w5th Artworks once agaln, they have been working on a projeci c311od Artworks X which allows Its members to curaie their own exhibition using local artists under chosen therne. Th15 has allowed the youn8 adults understand the various disciplines involved in curating such a project helping them gain valuable social and professional skills. In September 2021, we liaised with the National Gallery on their touring exhibitions progTamme and were able to secure the exhibition Sensing the Un5eEn. Whilst Ihi5 exhibition will not be on show until 2024 the Work done so far 10 Secure this exhibition has been an important srep in testing new ways of workin8 and programmes for rhe house in the furure. Tours Our introductory tour, Ihe Wentworth. ha5 remained pan of our ongoing tour programme. We a150 Introduced a new tour based on the popular book Black Diamonds in October 2021. This rour, written and launched by the author Catherine Bailey, is inspired by the personal stories within the book and takes visitors into spaces in the house that had not previovsly been open to the pub14c including the more private family r00rn5 on the West Front. Specialist tours have also picked up well since reopening the house in May 2021. The hidden four and Wentworth Accordin8 ro Bob running weekly and the Conservation and Lady Mabel College tour once a month. The Head Gardener tour ha5 a150 been redeveloped to include a breakfast and Q& A session in one olourgardem cabins. De5Plte noi reopening until late May 2021 and with reduced capaciry. we have still welcomed 5,712 visitors through on tours. Pa8e 7 WENTWORTH WOODHOUSE PRESÉRVATION TRUST IA compan¥ limited by8uaranteel TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022 Group5 Unsurprisingly. group5 were a little s5ow to return when we first reopened in May 2021 and m3ny had been postponed or cancelled due ro rhe pandemic. However. as things gradually moved ro a new normal, we have seen our booked groups retLJrn in addition to a number ol new groups vi5itirFgforthe first tirne. The group tourtsffef has been refined ènd developed tooller a seriesof tours. orbespoke packages complete with a rangeof catering packages and a private dining space during Evaluatlon prote￿È$ and audienct finder Orte ol the key ambitions lor understandlng our audienie during 2021 was to ser up and start uslng an Audience Finder survey through the Audience Agency. In September 2021 we were able to launch our first onllne Survey, our ticketing 5YStem was then inteErated Into the Audience AgEncy to Support the orTrline survey data. The aim is to use thi5 data and other method5 to profile our audiences effectively lor the first tsme which will in turn inform an audience development Strategy and ft*ture prograrnming. Front of House and Hooklngs In September 2021 we launched the My Wentworth mernber5hip card. This ca¥d, airned at repeat Vi51tors allow5 free entry into the House ènd Gardens lor an annual membership lee. It also include5 several additional benefits from early bird norification5 on event5 to discount in the tearoom and Shop. The price starts Irorn £60.00 a year per adult. A rntsnthly Direct Debit to Spread the c05t ol the membership ha5 a150 been ser up to make sure the c3rd is as acce5slble to all our Vl51tors. With the visitor number5 getting back on track and events increasing the operational demand from front of house and bookings has grown and a Front of House and Bookings supervisor ha5 been recruited from within the team who started in Apri5 2022. Research and Archive The res&arch team have been workin8 On variou5 tDPIC5 throu6hout the year a5 well as 5upportin8 the volunteer di8ltal team with their work, ch￿king and 5UPPOrtin8 the film content and script5. The teain a150 worked with the community artist5 on creating a factually accuraie story lor the If rhese wulls could rolk project. Throughout 2021-2022 the team have 3150 built a relatlonship with 5helfield Archives with whom a digital archlvin8 project will begin later this year. Training and Access Over 50 srafland volunteers attended Access forAII workshops togive them the confldence and knowledge to help visitors with different access needs. A new access guide and aLltism story were also created for the web51te to help our visitor5 plan their day A new wheelchair has been purchased for Front of House to help any visirors in need and a virtual tour has been created to showcase the state rooms ltsr anyone that cannot yet acces5 the principle floor. Page 8 WENTWORTH WOOOHOUSE PRESERVATION TRUST IA company limited by guarantee) TRUSTEES REPORT FOR THÉ YEAR ENDED 31 MARCH 2022 Relail Our retail oller continues ro grow and rhis year we iniroduced a new bespoke range designed by lockdown competitio winner Ellie Fisher. Her designs have been printEd on tea towe15. notelets and cards. With Ihe launch ol the new 81ack Oiamonds tour, we teamed with local gin distillery, Warerston's reserve to Ireate our own Black t)iamonds gin Inspired by Storles in the tK)ok as well as what currently glows in our garden. EllSe Fisher was once again brought on board to create rhe art-deco Inspired desien thai leatures on the labels. We were also able to ellectively tie reiail into our 2021 Christmas event and focused on glfting solutions for visitors over the festive period, Thanks to a dedlcated team ol volunteers, the retail oller has been able to respond effectively to seasonal programniing nd natlonal annlver5arie5, rnerchandi5ing eye-catching display5 Of gift and sguvenir-based producrs. New point OF sale storle5 have been developed to highlight key products and the Children's ran8e has been further developed as we start to welcorne a rnore divErse audience ro the house. Volunteerln8 Volunteering is at the heart of all activity at Wentworth Woodhouse. Volunteers lead this organisation in rhe shape OF the Board ol Trustees and volunteer5 play their part in every department. Between April 2021 and March 2022, volunteers ontributed an incredible 28.670 hou[5 to the busines5. We recruit volunteers on an on-going basis but volunteering ￿5 taken seriously so all applicanis are interviewed. references ught and once on board, go through a dedicated induction process. Across the year 35 new volunteers joined the raTrk5. Our retention rate remains excellent and our overall number5 are steadily growing. In July 2021 we undertook a detailed survey of our volunteers, SO thèt we could understand what we do well but most importantly what we can do to improve our volunteer experience. Key finding5 included the following.. The suivey wa5 circulared io all Wentworth Woodhouse volunteers over a period of approximately two weeks. Out 01228 volunteer5. 95 responderJ- 8 41.7% response rate. We had hoped this would be hi8her. Volunteers at Wentworth Woodhousetake on a wide range of roles and responsibilities. including clearance. maintenance, £ardenin& housekeeping, research. froni-of-house duiies.'house chaperone, tour8uldes, events. ollice work. shop. bu86Y driver, car parker and digital rearn. Of those who responded, 75.8% idenii1Sed as female and 23.2% as male. One person "preferred not to say- All respondent5 said they were En£llsh/welsh/scottishlNortherD IrishlBrit15h. Thi5 15 not representative of our communiry and we recognise that we must do more to build r5iversity in our ranks. About one in live respondents idenrilied as a D/deal disabled person or as having a long-rerm health condition. A majority cl respondents189QAI have been volunteering 3t Wentworth WoodhousÈ since the creation Of the Wentworih Woodhouse Preservation Trust iii 2017. Oiily 19% joined before Ihat lime. Retenrion would appear ro be good, 78% havin8 volunteered lor more than two years. Page 9 WENTWORTH WOODHOUSE PAESÈRVATION TRUST IA company Ilmlted by guarantee) TRUSTEES REPORT FOR THE YEAA ENDED 31 MARCH 2022 Age of survey respondents 75 tsr oldet a% 40.44 45.49 20-24 2% 1% s￿54 18% As mSght be expected, the majority ol re5pondent5179%1 fell into the over SS age-group, wSth the largost number volunteerlng between the ages of 65 and 74, presumably post-retirement. Ir was strikin8 that rhero were no survey respondents under 20 and none between the ages of 25 and 39. do have some youn8er volunteers but rhis is another area lor us to focus on moving lorw6rd. For tnany respondents. volunreering at Wentworth Woodhouse has opened up new areas ol experieiice and developed existing skills. Noi surprisingly. historiial knowledge, retail and customer care are often ciied as areas ol new expert15e. Particularly notable is the ernpha5is Wentwonh Woodhouse is giving ro di8ital teihnology and the eagerness ol volunteers to embrace it. Volunteering has also enhanced interpersonal skills such as patience. adaptability 6nd teamwDrk. Page 10 WENTWORTH WOODHOUSE PRESERVATION TRUST IA ¢ompany limlted by 8u3ranteel TRUSTEES REPORT FOR THE YEAR ENOED 31 MARCH 2022 Sk i Ils developmeiit Ilul.iil"'IPLYILIILL. iiiiliiiliii,. till 111 liiiif Llliiilinu ￿ 4 14uL*gb% (Irii 111>, ( Illifiiiy Jllil ill¥ ￿ i ('riill ￿ ? 'bni¢iii ￿ I The survey asked volunteers for three word5 that 5Uffl UP their experience as volunteers. The words they chose express a strong sense OF pride, belon8ing and enjoyment in their associaiion with Weniworth Woodhouse. Words such ès'maBical' and 'heavell' feature in several responses. Some refer to the calming atmosphere of the house and estate. Many see the opportunity to volunteer at Wentworth Woodhouse as a privilege and lind their work there personally enriching. It Is a tribure to rhe volunieering operation at Wentworth Woodhouse that the word m05t often used is 'friendly'. followed closely by words such as'intere5tin8'. 'welcoming' and 'lun'. Page 11 WENTWORTH WOODHOUSE PRESERVATION TRLSST IA company lifflited by guarantee) TRUSTEES REPORT FOR TFIE YEAR ENDED 31 MARCH 2022 opportun wonderlul belolgingf u n:, worthwhile friendly welcoming exciting"tS *satisfying inspiring O. privilege• beautiful rewarding loscinating Volunteer5 were invited to score their satlslaction with volunteering at Wentworth on a scale ol i- 10, where I meant'not at all sat151ied' 6nrJ Io'extremely 5at15fied' Only three out 0195 respondents scored their satisfaction level at five or less. while 82186.3%) gave it a score ol eight or more. No fewer than 42 respondenis144.2%1 awarded Wentworth Woodhouse the maxirnurn 10 out of 10. The survey asked what Stngle aspect of volunteers, experience was really positive. Overwhelmingly. responses focused on team spir1t, camaradefle and a 5en5e of comtnon purpose. Several people talked about feelin8 L15elul and valued a5 an important aspect ol their own well-bein8. Many take pleasure in bringing the past to life and working in a beautiful historic environment. The variety and hand5-on narure ol the iasks people undertake are also considered irnportant. One person mentioned the suppori provided by the volunteer coordinaior as a key factor in makin8 Wentworth Woodhouse a Iriendlv and rewarding place to work. Improvements The survey also asked what one thing about volunteertng at Wentworth Woodhou5e needs 5ignilicant improvement. Many response5 touihed on the need lor better internal communication about tim&tabling, duties and eveiits. It 15 hoped the introduction ol an online rota 5YStein will Improve communication. Some rhought a larger pool of re8ular volunteers would also help. Several fespondents said they would welcome more training, as well as more and better Information about the history ol the site. There were practical su88estions aljout lightin& signage, free uniform, shorter shifts and more freouent breaks, Volunteers also want the right equipfflent lor the job. whether that be better 8ardeniTrg tools or 3 specialist archive software programme. Thi5 information is really important io us as it allows us io undersiand areas lor improvefflent. We shall action these points and survey volunteer5 again in 2 years. ¢ime to ensure improvements have been ernbedded. Page 12 WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guaranteel TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022 Acr05S the year our volunteers contributed.. 2,231 hours by trusrees 111 houis ol trainine and mentoring 561 houfs lundralsln8 - selling our bespoke Items such as slate clocks, limited edition prints etc. 492 hours ol craftinE- creaiing bespoke iteFns to sell 1.83Z hours In retail 4,109 hours in the garden Thursday. 555 hourscontributed by our partneroTganisation Artworks lan arts based organisation for adults with learningdifficLiltie51 2,984 hours WEre given by the maintenance volunteers. helping with general maintenanie ITI the house as well a5 making bespoke items. 5,587 hours in Visitor Welcome including front ol house and car parkin8 1 buggy driving 1,580 hours in catering aDd hospitality 1.415 hours in housekeeping 2,519 hours were given by Ihe digital ream - the team made videos about variou5 aspeit5 of the work of the Trust. and launched a YouTube channel too. we have now created a third 8ardenin8 team. with groups on Tuesday, Wèdnesday and Maay other hours v4ere given to tasks including litter picking, filming, events. archives and researih and tour suppori. We rhank you all Marketin8 October 2021 saw the recruiiment o¥1 our new Marketing Manager. Sophie Parkin, who joined us from a national cancer charity where she was Communiiations & Dlgital Manager. Over the subsequent six months. the markerin8 function at Wentworth Woodhou5e ha5 gone from strength 10 srrength wirh sell-out evÈnts. new levels of social media enga8ernent and a ionsistent brand and style implemented throughout all materials. Marketing Officer. Llanne Keeling Ipreviouslv Marketing Assistant at Baird Groupl, was also recruited in April 2022 tro furthergrow the Marketing Tearn. Webslte & E-NewslettelS A new website was launched in March 2022 with a fresh and modern feel. Most importantly, It nowcontains an a£ce55ibility toolbar whlch enable5 Vlsltors with visual neÈds to alt@r the colour contrast and text siie etc. Durin8 rhe proce55 01 building the new web51te, ouidaled content was removed and replaced with our current messaging. refreshed irnagery wa5 added and much ernphasis was placed on treating a simpler customer journey lor users. Our e-newsletter database has been refreshed and new branded template5 createij. A consistent monthly e-newsletter is now sent out at the end of each month to our 15.100 subscribers Iocus5ed on upcorning themes, events and prornotion5. 5o¢lal Media In Octot)er 2021, management of our social media channels was brouBht in-house hastruly thriveLI as a result. Content s created. proofread and scheduled in a timely fashion and monthly analysi5 Completed to identify key trends and popular Page 13 WENTWORTH WOODHOUSE PRESERVATION TRUST IA company Ilmited by guarantee) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022 content. Messages are adapted in their style and tone to suit each individual channel, in order to increase the likelihood of positive engagemenr. The li8tsres speak for themselves and our followers have grown on all channels, a5 follows.. Instagram18,846 to 10,608 lollower5120% incre35el Facebook120.762 to 22,631 ltsllowers19% increa5el Twitter | 5,821 to 6.132 followers15% increase) Linkedln 11, 176 to 1,447 followers123% Increasel Prlnt & In-House Materia15 In-house materials havÈ been refreshed and new branded templates and logos distributed to all stèlf. What'5 On guides have been condensed to focus on up¢on)in8 events and have been reduced ro four editions per year These have proven to be very popular and è key way of communicatln8 messages wilh our visltors and volunteers. Our in-hoLsse si8na8e Ilor both Marketin8 and operational purposes) has under8one a rev￿eW ro create a more consisient and professionally brandeij visitor experience. TV screens in Reception and the 8utler's Pantry Café have also been re- purposed as digltal advertisin8 space5 as well as iniroducin8 tabltrtalkers in key areas. Partner5hlps Positive partnerships have been established with the marketing tearn5 at National Tru51, Yorkshire's Great Houses. Castles & Gardens. and Historic Houses. The latter two organisation5 now advertise Wentworth Woodhouse a5 3ViSltor destination on their website5 3iid their collateral in ex£han8e for free or discounted entry to their members. We have also ulilised relationships with other organisations including rlie Royal Horticulrural Society, Yorkshire Food Guide and the Herltage Alliance to advertise our various evenrs and promoiions. PR & Advert151n8 In an effort to reduEe costs and reach more targeied audiences, PR activity has been scaled back to focus on key capital project5 and funding stories. Local press coverage continues to be strong wlth Wentworth Woodhouse often featuring In the Yorkshire Post, Sheffield Stor and BBC Rodlo Sheffield. A plece about our camellias in The Guordiun creJt@d a bit of 'media Ireniy,, as did the story of our broken Royal Albert china which was covered by press acrossthe UK and as far awav as Francel Paid advertising Is now placed in seletted publicatlon5 linked to overall marketing strategy and campaigns. Additlonally. gald social media ad5 have proven to be greatly successful and have boosted the numbers of several events over the past slx month5 le.g. 54% of We Wonder Noir attendees heard about the event via social medial. Utilising such digital advert15ing channe15 has allowed us to target audience5 from across South Yorkshire who are likEly to be interested in speclfic events. The Gzrdens Wilh help From the Intemational Carnellia Sociery and the Rhododendron, Camellia and Magnolia Society, we have identified three more varietie5 ln the historic Camellia collection in rhe garden, and with continued supporr and site visit5 we aim ro uncover the mystery of the remaining plant5 and their history over the coming year. Page 14 WENTWORTH WOODHOUSE PRESERVATION TRUST IA company Ilmlted by guarantee) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022 A vi51t to Chiswick House was made in April to thank the leam there for their support and to collect the cuttings they have been growing on lor us. To celebrate our relationship and the historic nature of both collecrions. Chiswick wlll plant an area with our plants cuttings in the 8arden at Chiswick. We are now welcoming back 8roups interested in corporate volunteerin& Minster Law have visited twice this year and routlnely make a donatiDn to the trust. Corporate volunteering is a bi8 growth area for us. e Garden and Landscape Ma5terplan wa5 published this year with over 20 future projects highlighted, the projects vary in size and work will commence on some of them this year. The International Garden photographer of Ihe Year exhlbltion was sited In the garden In early 2022 showca51ng the best international wildlife and nature photography and a Wentworth Woodhouse cornpetition winner. Hospitalltv Our hospltality offer Boes from strength to Strength and this year we have seen tremendous gfowth in both the offer and the income generated. Following the lifting ol restrictions in May 2021 we reopened lully and carried out a complete redesign ol Ouf servlce and menu in October 2021. The Butler's pantry has now grown 100% in just 9 months with the average takings doubling. This year we launched the afternoon tea offer. thanks to our COO Paula Kaye. who brought her expertise from Betty's to Wentworth and established a prestigious afternoon tea offer which now attracts over 80 people 3 day and recelves the very best feedback from our customers. We brought the bar function in-house this year which has allowed us to open up a new veiy positive income slreaTh. The expansion ol hospitality has resulted in many new role5 lor paid empltsymenl Bnd we have recruited and trained over 20 Staff - we now have over 25 full and part time staff in the hospitality team workin6 across the whole house in 6 area5 ol our business. Our corporate offer has a150 grown as we host dinner5. corporate events and buffet Ivnche5 foi up to 200 people. This year we also implemented new food safety policie5 beyond compliance, and are audited monthly. our policies now demonstrate the very best practice going Local partnerships arp very impoTtant to U5 and this year we have engaged with 7 new local suppliers, driving up our local spend. usin8 artisan products and building partnerships that are mutually beneficial. Partnering with a Leedg based artlsan producer Northern Bloc, we now hève a dedicat￿ lee cream cabin In our west front gardens. Our Head ol Caterin8 Darren Proctor developed a new hot food offer for the garden. our authentic posh dogs menu is supported with further local supplier link5 and compllmented with Sheffield n)ade Doughboy cakes and cookies. Events Audiences hève made a slow but 5teBdy return to events since the pandemic, and over the course ol the year we have seen our event5 programme grow. Our thanks goes to Events Manager Lydia fickneT. who has now moved on to pasiures new, but worked incredibly hard ro kick siart ihe events programme post-pandemic. The WE WondÈr event in july 2021 was a very slowed down ver5*0n of our usual festival as we tried to gradually entice people back to the site. The WE Wonder Noir festival in March 2022 w35 back in its full glory and proved to be one of our most successful events of the Page 15 WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guaranteel TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022 veBr with over 4.000 peopSe attendlng. It wa5 wonderful to see the house displayirig contemporary art installations in the historic State Room5. The lecture serie5 proved very popular and this year we provided on-line access to the lectures for the first time thanks to support from Unive¥sity Centre Rolherham. Without question the most popular lectures proved to be those delivered by our archiiect Dorian Proudlooi on the regeneration of Werntworth Woodhou5e but our thanks goes to all of our lecturers, who between them Provided a Fantastic variety ol svbject matter from Rivalry to Swagger lo Horseia¢ing! l Alistair McDuff hosted a specia1 dinner event and providod 3 fascinating talk on the Fitzwlliam Inheritance. Music of the Spher@5 in the garden5 in August gave u5 the opportunity ol testin8 Èvent5 lor free with @arden entry ticket5 and th15 proved to be a very successful model as we Saw an uplift in tlcket sales of over 300 on our usual entry numbers. Our flagship fundraising Black Diamond5 Ball took place In October and raised a whopping E40.S50 and our th3nks goes to our very own Chair Dame Julie Kenny, for her Incredible energy in organiiine this event each year. The annual pro8rammÈ a150 included outdoor theatre and cinema but the blggest event of the year by far was the Once Upon a Christmas family experience in December hosted by Sneaky Experience which attracted almost 6.000 visitors. Sneaky will be joining us again this year for a new Chri5tma5 adventure. Our thank5 goes to the many staff, volunteers. event prodLscers. loclurers and artlsts who make these events possible. Film and TV Location Work Film and TV lotatign work has be£orne an incfeasln@ area of 8rowth slnce the Trust took over the site in 2017. A nuTnber ol major production5 including Downton Abbey. Victoria, The Irregulais, and Gentleman Jack have been filmed here. Balancln8 the income lilrninÈ can generate with our commitment to opening the house to the public is always a challenge. and wè now have a dedicated team who ensure that Ihings run smoothly when we do have film companies on 51te. Often the Trust IS tied into confidentiality agreement5 which can make reportin8 difficult but over the course of the lèst year we welcomed Gentleman Jack and others on site. Our special thanks goes to Screen Yorkshire. who work tirelessly to ensure the big film productions Consider Yorkshire as a location for their production5 and our own in-house team, including a lar8e number of volunteers, who ofteft have to work very laie Tnto the night supporting the film shoots. Dl8ltal Development at Wentworth Woodhouse It's been a busy and exciting year lor digital prograrnmes at W@ntworth Woodhouse. Our core team 0114 volunteers in the Digital Team have created almost 100 videos that can be seen on the Wentworth Woodhou5e YouTube channel: www.youtube.com/clwentworthwoodhousel In March, Steve Ash. who lead5 the digital work at Wentworlh Woodhou5e, won the prestiEiOUS Digital Heritage Hero award. PTe5ented by rhe Heritage Alliance in recognition of the outstanding range of diBital programmes that he and the team are manaain8. Our congratulations EO to Steve, Ihis award was very much deserved. To celebrate National Volunteer Week in Jvne, the Dlgital Team desi8ned and Curated a multimedia showcase of the work that our incredible volunteers undertake lor Wentworth Woodhouse. It included photography, an audio soundscape and 10 new video$ showing the breadth of our volunteering activities and highlighting their vital Importan￿ lor the Trust. Page 16 WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guarantee) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022 We've a150 secured fascinating archive footage from 1940, from ihe Yorkshire Film Archive ol the army training Inotor Cyclists at rhe Srables durin8 WWII, and foorage ol the Wentworth Woodhouse 8lasshouses Inow demolished) and the interior ol the CarTrellia House, some ol which you can see on OLsr Channel In the film Di8ltal Heritage. Internshlp programme In Fetsruaryi we became an official Internship Partner for the Univer51ty of Oxlord. Our first cohort 015 Interns will joln us in September 2022, to be8in WOTk on di8ltising and transcrlbing the papers of the I" and 2nd Marquises ol Rockin8ham. whiih are currently held ar the Shellield Archivos. The firoject will also deliver a range of suggestions on how the archlve material might be used to provide an integrated suite ol visitor experience5 and events throughout 2023, which is thE 31X)' anniversary of the inheritance ol the e5tate5 by the 1st Marqui5 01 Rockin8ham. Ir is a150 the 250" anniversary of the Boston Tea Party, a pivota1 moment in the political career of the 2nd Marquis. The prolect provldes an exciring opportunity for us to work with the Museum and Archives ol Rockingham County. USA, to explore primary source materials from both sides of the pond. Education Pro8rammes Ouf relatTonship with Rotherharn College and Universiry Centre Florherham has flourished overthe past 12 fflonths. We've worked on a number ol projects with students on a ranke of courses including graphics, media, photography and fashion, all of which include strong digital elefflents. Sotne ol their work, inspired by visits to the House, was on display at the We Wonder Noir le5tiva1 in March. We are developing these core relationships further lor 2022123. In January 2022, we welcomed 10 Trainee Creative Producers. aged 17-24 onto 3 Digital Cre3tivity tr3inin8 programffle, which is a piloi programme ahead ol Rotherham becoming the world's first Children's Capital ol Culture, in 2025. They completed their rraining at the end ol March and Ihen worked as two collaborative teams to design and curate the House ol Fulure Creatives event held at Wentworth Woodhou5e in Jurle. The event took over the entire House for two nights, filling it with music, ftrlm. digttal artwork5. dance and drama. htt www. outube.com watch?v=3kOL68580 4&t= 185 It featured a unioue, 4-wall cinerna experience in the Whisilelacket Roorn showcasin8 the film 'Four ol a kind. This wa5 scripted, cast, filmed and edited by the Creative Producers and is currently being entered into a range ol competitions and lestival5. The Creative Producers have also recently completed a film in support of our 2022 National Citizenship Scheme project, to rurn the Drying Green into a Cotnmunity Garden. and a welcome video lor yourn8 apprentices loinlng us lor the Hamish Ogston Sunimer School, supwrted by Historic EnBland, in Augusi 2022. We're currently workin8 to Secure lundlng lor lollow-on tr31nin8 programmes to engage more young people with Wentworth Woodhou5e. Page L7 WENTWORTH WOODHOUSE PRESERVATION TRUST IA company Ilmlted by guarantee) TRUSTEE5 REPORT FOR THE YEAR ENDÉD 31 MARCH Z022 Fundrai$lng Fundraising is key ro everyfhin8 we do and over the course of the year a number of activities took place and lundlng bid5 were submitted in order Eo progres5 rhe development of the slte. During the period from April 2021 to March 2022 the frust attracted E3,122,178 through Fundraising activities of which £2.844.979 restricted_ The Trust is not iurrently part of a voluniary scheme for regulatirF8 bul as we expand our fundraising activities. we will look io join 3 scheme. We have noi received any complairit5 Wlth reg3rd5 10 our fundraising. A5 part ol our commiirnent to treat all ol our donors fairly. we ensure Ihai we do not unreasonably intrude on a person's privaiy,. that no-one is unduly pressured to make a donaiion,. and that we do not undortake unreasonably persistent approaches for Ihe PUfPOSe5 01 soliciting or otherwise procuring money or property. If any of our curreni (Jonors wish to stop giving, we will respect their decision. The needs ol people in vulnerable circumstances are also reco8n15ed and acknowled8ed. Funding awarded since Aprll 2021 Grani s¢Jpport awartjed over rhe year LevellinE Up Funding Heritage Stirnulus IHHA21 via HistOfi£ En8laniJ Hamish Ogston Foundarion Goldsmiths Charitable Company IHHA21 National Loltery Herirage Fund Camellia House Dellvery frlistoric England-camellia House Delivery Garfield Weston- Camellia House Delivery Historic House5 Foundation- Carnellia House Delivery lan Addison Charitable Trust- Camellla House Delivery Goldem Bottle Trust Camellla House Deliverv Covid-19 Job Reteniion Scheme (Furloughl Heritage Ski115 Apprentice- Radclille Tfust Heritag& Skllls Apprentlce- Leche Trust Kick5tart Programme vla H15toric England Community Renewal Funding Reload - Rolherham MBC Elizabeth CayLer Charitable Trust £4,600,000 E702,606 £5,0(X) E4.001,200 £250,(X)O £lJ8,257 £100,￿0 £7.500 £1,000 £24,839 £36.000 E24,000 E6,246 E95.924 £25,000 É65,000 Please note, lor Some of these giants the monies will be received post year end. Page 18 WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guaranteel TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022 Financial matters Flnantlal ièvlew The charity continues to sètisfy its objectives and Ss presently financially secure. Following rhe easing of COVID-19 restrictions, commercial actlvities were able to re-commence this year. A grant award of E179,300 from the Culture Recovery 2021 fvnding round was received with the spec￿fiC intention ol re-inflating unrestritted reserve5. Total income amounted to £4,42 1,61712021.. £3.929.4041. Total expenditure was £4.704,66112021.. E4,981.6011 resulting in net expenditure of £283.04412021.. EI,056,1971. It should be noted rhar the nei expendiiure includes expenditure on the capital works programme. Restricred funds have decreased this year owing ro expendityre in relation to the capita5 work5 programme occurring in rhTs linaniial year, the grant income fundin8 this proEramme was received in the previou5 period5. As at 31 March 2022 funds totalled £9.171.29112021.. E9.454,3351 of which £548,79812021. £373,649) were unrestricted funds. E855,06712021.. [1.314,9961 were restricred funds and £7,767,42612021." E7,765,6901 were endowment fund5. The financial staiements give details of the charity's fund5 and how these have been applied during the year. Going Conter After rnakirng appropriate enquiries, the Board ol Trustees has a reasonable expectation rhat the charity has adequare resources to continue iri operational existence lor the foreseeable future. The trustees have considered rhe level ol funds held 3nd the expected level of income and expenditure IOT 12 rnont115 from authori51ng these Finaniial 5tatetnents. The budgeted income and expenditure is sullicient with the level of reserve5 for the charity to be able to iontinue as & going concern. The trustees have considered the impact ol the current economic climate on the charity'5 activities. workforce and supply chain, as well as the wider economy. Whilst it is not considered practical to accurately a5se55 the duration and extent ol any continued or ongoing disruption, the trustees are confident that they have in place plans to deal with any financial 105ses and cash delicit5 that rnay arise. They will continue to monitor the impact on income and take appropriate ￿tIon as necessary- The trustees do however recognise that uncertainty conilnues to exist tn the economy and hertce there is a risk regarding rhe success and sustainabillty ol these plèns. However, the trustee5 have concluded that the charity remain5 a 80ing concern whllst such viable option5 are avatlable to r(. The trustees thereloro continue to adopt the gDin8 concern basis ol preparation lor these financial staternenrs. Page 19 WENTWORTH WOODHOUSE PIIE5ERVATION TRUST IA tompany Ilmited byBuzrantetl TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022 Prlnclpal rlsks and uncertalnties The tru5tee5 have a risk management strate8y which comprises.. A bi-monihly review of the principal risks and uncertalnties that the Trust and rhe subsldiary Wentworth Woodhovse Tradine Ltd lace. These risks are presented Sn the form of 2 risk re8isters'. Corporate Risk and Capital Works Risks. The establi5hrnent ol policie5. and systerns to mitigate those risks identified. The implenientation of prwedure5 designed to minimi5e any potential impa£t on the TfU5t Should these risks materialise. Key finaniial fisks are detailed below. Attention 15 also focu55ed on non-financial risk5 8ri51n8 from lire, health and saletv, e8al claiThs, and d8mage to the reputation of the Trust. Th@se are managed by ensuring we are lully compliant with legislation, we have robust policies and procedures in place and that regular awarenes5 training is provided for staff and volullt@ers working in these operational areas. R15k I Insufficient inctsme is obtained to support ongoing revenue required to maintain and manage Wentworth WoodhDUSe. Charity support and cornrrercial income is not received or sufficiently generated to meei expectatlOll5. Remediol oCt￿n Risks io revenue have arisen because ol the on-going irnpatt ol COVID-19 and the £urrent C05t ol liv5n8 £risi5. however, the mix of commitments frorn charitable sources and comfflercial income from several on-going and proven stTeams. lor which conservative assumptions have been made, provide a robust basis and substantially mitigate ttr>e risk. We continue to seek charitable donations, engage the public, charitles and seek io develop an active local lundraislng commirtee. Each departmental head is working to è business plan and budget 50 as to maximise opportunities for income generation. Revenue Secured from the NatSonal Trust to support core costs continyes though 8t a diminishing rdre. New Government funding streams including the Growth and Prosperity Funding have recently been announced, Financial reporting improvenients have been made and monitoring of the financlals continue to be carried out by the Flnance, Staffing and Audit Committee. Risk 2 Fundraising to support revenue costs a5 detailed in the fundraising Str3tegy lai15 to achieve targets required. Fundraising commitiee fails, costs cannot be met, Wentworth Woodhou5e fails and closes. RemediolAction An experienced fundr8i51n8 CEO and an illlluential &)ard of Trustee5 are in place. The Trust has good existing relation5hip5 with fundef5. A high number of volunteers are included in fundraising activitie5. The Chair 15 shortly to become Master Cutler and a5 such, will dedicate her challenge to Wenrworrh Woodhouse. Page 20 WENTWORTH WOODHOUSÉ PRESERVATION TRU IA company Ilmlted by guarantee) TRUSTEES REPORT FOA THE YEAR ENDED 31 MARCH 2022 The Trust ensures donarions can be easily received by way ol onsite donation buxes. QR code signs and social rnedia Just GivinB. R15k 3 Inadequate reserves and cash flow problems. Falling income, poor financial management and accountin8, lack of adequate information and profligate Spending. Wentworth Woodhouse iannot meet its Cofnmitments and ceases to be a going concern. RernediolAction The TrLJ5t has implemented a reserves policy and monthly management accounts produced. The Trust has a strong mix of trustees with commercial. herila8e and banking background. A new staffing regime In the accounts department has recently been aBreed which wlll dedlcate resource and experience to specific financlal areas of the business Rlsk 4 Loss of capital due to theft or fraud. Inadequate Ilnancial controls. Reputational risk. potentlal for further sanctions. less re50urce5 ro deliver charltable objecrives. RemediolAction TheTrust has lrnpleinented strinBent financial contro15 and procedures. Thresholds have been inrroduced for all payments, and all p&yments reouire two siBnaturÈs. An anti-money laundering policy has been introduced and client identlfication required lor all rransacrions over Elok in value. Bank mandète and financial controls are reviewed annually. Page21 WENTWORTH WOODAOUSE PRESERVATION TRUST IA company Ilmlted by 8uarantÈel TRUSTEES REPORT FOR THE YEAR ENDED31 MARCH 2022 Rlsk 5 The Impact tsl COVID-19 and the cosi of living limits visitor number5. Lack ol destination support, parking laciliries etc. Poor visitor numbers equate to lower visitor spend and therefore income to sustain the House as a visitor attraction. RemediulAction Funding obtained in the previou5 year from the NLHF. The Ari Fund and Arts Council En8land has allowed the Trust to introduce new tour offerings, a rJigit31 oller and a number of new resources to Encourage spend in the 8ardens. An application has been made to the ACE to become a National Portfolio Organisation. 11 successful, Ihis will provide financial 5UPPOrt for a dedicated cultural tearn to develop the oller lurther. Re5er¥es policy The trustees have considered the reserves held by rheTrust as at 31 March 2022. The Trust needs reserve5 to enable it ro develop it5 long term aims as well as ensuring ihe continuation of current activiiies. As ar 31 March 2022 the Trust held re5erve5 toialling E9,171,291, 01 whiih £7,767,426 were held in endowment funds. £855,067 were held in restricted lund5 and £548,798 were held in unrestricted funds. Free reserves as at 31 March 2022 rotalled £411,19212021 £295,0891. It Is the trusrees. ambition to hold free reserves in cash or in grant offers awarded but not yet received which will be sufliciÈnt to cover six month5 01 it5 unrestricted operaring cDsis, which currently eouate to £700,745. The tru5tee5 are working towards achieving the free reserves rarget in the comin£ year. Plan5 for future periods The year ahead is goinE to be challen8in8 a5 we are already seeing the impact of the cost of living crisis in our visitor numbers. This year we shall launch ourcultural Straiegy as well as our overarching S year Strategic Plan. Both are ambitious but achievable. We have The Camellia House projeci ro dÈlivef including a very e¥citing Activity Plan targeted at groups from the 8lobal majority. disability inclknding hidden disabilitles and low income househo5ds. The HOF summer school, which is already underway will run over the summer OF 2022. The production kitchens at the Stable5 will commence this year, and we aim ro get the Community Heritage 3nd Craft Skills Workshop and Bedlam oui of the starting blocks and into the development phase. We shall be creatin8 a££e5sible natural play are3$ encouraging imagination and group play in the ForÉst of 8ewilderment, ènd the Drying Green will be dÈveloped as a cornrnunlty horticultural learning space. Our digital programmes will be expanded. 3nd, we hope. our cultural department created subject to a major fvnding bid the Arrs Council En8land. Fundrai5irFg shall be our focus, as we Erow so do our c05t5 and reachin8 a point ol linanEial sustainability has to be our end Boal. Pa8e 22 WENTWORTH WOODHOUSE PRESERVATION TRUST IA tompany limited by guarantee) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022 Structure¢ governante and monqqement The Wentworth Woodhouse Preservation Trust is a Bulldin8 Preservation Trust and a compariy limited by guarantee. Wentworth Woodhouse Trading Limited is a wholly owned subsldiary of the Trust. At present the Trust 15 Managed by Its Trustee body. the Board of Trustees. This body usually meets bl-monthly and cyrrently has 12 members. The responsibility for recommending the appointment of trustees to the Board rests with the 8oard of Trustees. Trustees are appointed on the basis of an analysi5 of ihe current skills on the Board and the need to strengthen il5 ability to direct the èffairs of the Trust, and the individual ability of any nominee to meet the perceived gap in skills and other qualities that they may brTng to the Tnjst. All irustee5 receive a copy of the Constitution, the latest guidance from the Charity Commission on the role of an elfectlve trustee and an organigram detailing the executive structure of both the Trust and the Iradine company. They all attend tours ol the house ènd gardens and meet with the CEO in advance ol their formal appointment. Within Ihe Board of Trustees there are two sub-committees.. the Finance. Staffing and Audit Commlttee and the Capital Works Project Steering Group (which has Trustee representation within its membership). Key management pÈr50nnel remuneration policv The Irusioe5 deleBate the day to day management of the charity to the key management personnel. Remuneration for key management personnel is determined by the Board ol Trustees. Leve15 are established from a review ol the objective5 01 the charity. the task5 to be achieved, the responsibility of the rgle and breadth of skills required. In addition, leve15 are benchmarked within the locality and within the hpritage 5@Etor, ThITd party Indemnlty provlslons Insurance lor tru5tee5 against liabilities In relation to the company. as permitted by the Companies Act 2006, 15 maintained under a policy held by Wentworth Woodhouse Preservalion Trust. Page 23 WENTWORTH WOODHOUSE PRESERVATION TRUST IA company limited by guaranteel TRUSTEES REPORT FOR THE YEAR ENDED31 MARCH 2022 Trustees, re5ponslbllltles statement The trustee5 (who are also directors ol WentWOTth Woodhou5e Preservalion Trust for the purposes of company lawl are responsible lor preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kin8dom Accountin6 Standards (United Kingdom Generally Accepted Accounting Piacticel. Company law requires the trustees to prepare financial statements for each financial year. Under company law. the tru5tee5 must not approve the financial 5taternent5 unle55 they are $3t151ied that they give a true and lair view of the state ol affairs ol the charitable company and ol the incoming resources and application ol resources, includlng the income and expenditure. of the charitable company for that period. In prepèflng these flnancial statements, the trustees are required to.. select sultable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP 2019 IFRS 1021: make judgement5 and estimates that are reasonable and prudent,. prepare the financial statements on the golng concern basis unless It is Inappropriate to presume that the charitable company will continue in operation. The trustees are responslble for keeping adequate accounting record5 that disclose wlth reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are 3150 responsiblè lor saleguarding the assets of the charitable company and hence lor taking reasonable steps lor the prevention and detection ol fraud and other irre8ularitte5. Dlsclosure of Information to audltor In so lar as the trustees are aware. there 15 no relevant audit information of whlch the charitable group's auditor is unaware: and the trustees have taken all the step5 that ought to have been taken to make themselves aware of any relevant audit information and to establish that the charitable group'% aud+tor Is Bware of that information. In approving the trtJstees' report. we 8150 appTove the slrategic report included therein. in our capacity as company directDrs. This rèport wa5 approved by thè trustees, on 20 Septèmber 2022 and 518ned on ihelr behalf bv.. Dame Julle Ann Kenny DBE DL Chair PaBe 24 WENTWORTH WOODHOU5E PRESERVATION TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WENTWORTH WOODHOUSE PRESERVATION TRUST Optnlon We have auditÈd the Financi31 statements ol Wentworth Woodhouse Preservation Trust Ithe'parent charitable companv'l and its subsidiaries (the '8roup'l lor the ye3r ended 31 Mèrch 2022 whi£h comprise the consolidated stateinerit ol financial acrivitie5, the consolidared balance sheet. the f ompany balance sheet, the con501idated statement ol cagh flows and the related note5. including a surnmary of 518Dificant aiiounting poliiies. The financial reportin8 framework that h65 been applied in their preparation is applicable law and United Kin8dom Accountin8 Stand3rd5, includin8 Financial Reporting Standard 102 'The Financial Reportin8 standard appllcable In Ihe UK and Fiepublic of Ireland, (United Kin8dom Generally Accepted Aicounting Practice). In our opinion the financial 5tatements'. give 8 trije and lair view of the state of rhe group's and of the parent charitable company's allairs as at 31 March 2022 and of the group's incomin8 resources and application ol resources, including its income and expenditure lor the year then ended,. have been proper5y prepared accordance w1th Un5ted Kingdom Generally Accepted Accounting Practice; and have been prepared In a£cordance wtkh the requirements of the Companles Act 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Audltin8 IUKI IISAS IUKII and applicable law. Our responslbilities under those Standards are further described In the auditor's responsibilities lor the audit of the financial statefflent5 section ol our repori. We are independent ol the Group in accordance with the ethical requiretneTIt5 that are relevant to okjr audit of the financial statements in the United Kingdom. including rhe Financial Reportin8 Council's Ethical Standard, and we have fulfilled our other ethiial responsibiliiies in accordance wilh these requirements. WÈ belleve that Ihe audit evidence we have obtained is sufficient and appropriate to provide a basis lor our opinion. Concluslons relating to 8oinB concern In auditing the financial statements. we have concluded that the trustees, use of the going concern basi5 01 accoufitirig in the preparation of rhe financial statements is apprOpr￿ate. Based on the work we have perforrned, we have not ideniifled any materlal uncertalntles relating ro everits or conditions that, individually or collectively. rnay c8st 5igniliiant doubt on the group'5 and parent charitable company'5 ability to continue a5 a going concern lor a period of at least twelve month5 from when Ihe lin3niial 5tatement5 are authori5ed for 15sue. Our resptsnsibilitles and the rÈ5pon5ibilitle5 of the trustees with respect to going Corncern are described in the relevant sections of this report. Pa8e 25 WENTWORTH WOODHOUSE PRESERVATION TRUSY INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF WENTWORTH WOODHOUSE PRESERVATION TRUST ICONTINUEDI Other Inlormatlon The other information cofflprises rhe information included in the tru5tees' report other than the financlal statemenis and our auditor's report thereon. The trustees are responsible lor the other information contained within the trustees, report. Our opinion on the financial st3tements does not cover the other information and. except to the extent otherwise explicitly stated In our reporr, we do not express any form ol assurance conclusion thereon. Our respon5ibilily is to read the other informarion and, in doing so. consider whether the other Inlorrnation is materlally incon51Stent with the financial staternenrs or our knowled8e obtalned in the course ol the auijit, or otherwise appears to be materiallv igsrated. If we identify such material inconsistencie5 or apparent material rnisslat&ment5, we ère required to deterffline whether this gives rise to a Tnaterial misstatetnent in rhe financial Statements rhemselve5. 11, based on iho work we have perfornied. we conclude that rhere Is a fftater¢al misstatement ol this oiher information, we are reoulred to feport that fact. We have nothtng to reporr in this regard. Opinions on other matters prestribed by the Companie5 Act 2006 In our opinion. based on the work undertaken in the iourse of the audit.. the information given in the trustee5' reporr lincorpoFating the strategic report and the directors. report) for the financial year for which rhe financial statements are prepared is consistent with the Iln3ncial statements. the strateeic report and the driector5' report have been prepared in accordance with applicable legal requirements. Matters on whl¢h we are requlred to report by emceptlon In rhe light of our knowledge and understanding ol the group and parent charitable cornpany and its environment obtained in the course of rhe audlt. we have not identified material misstatements in the strategic report and directors, report. We have nothin8 to report in respect of the following mairers In relation to which Companie5 Act 2006 require5 US to report to you If. in our opinion.. the parent charitable company ha5 not kept adequate accounrin8 records, or returns adeouate for our audit have not been received from branches not Vlsiied by us., or the parent charitable company financial statement5 are not in agreement with the accounting fecoTds and returns., or certain di5clo5ures ol diTectors' remuneratioll specified by law are not made,. or we hBve not received all the informètion and explanations we require for our audit. Page 26 WENTWORTH WOODHOUSE PRESERVATION TRUST INOEPENDENT AUDITOR'S REPORTTQ THE MEMBERS OF WENTWORTH WOODHOUSE PRESERVATION TRUST ICONTINUEDI Responslbilltie5 of trustees explained more fully in the tru5tee5' respon5ibilitles Statement, the trustees (who are also the directors of the charitable iornpany lor the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they 8lve a true and lair view, and lor such internal control as the rrustees determine is necessary io enable the preparation of financial statements that are free Irorn material misstatement, whether due to fraud or error. In preparing the finantial statements. the trustees are responsible for assessin8 the 8roup's and pèrent charitable company's ability to continue as a going concern, disclosing, a5 applicable, rNatter5 related to going concern and using the 80ing £oncern basis of accounting unless the trustees either intEniJ to liquidate rhe group or parenr charltable company or to cease operations, or have no realistic alternative bui ro do so. Audltor's responstbilitles for the audlt of the flnanclal statements We have been èppointeij audltor under the Companies Act 2006 and ￿part in accordance with this Act. Our objectives are to obtain reasonable assurance about whether the linanclal statements a5 a whole are free from materi81 misstatement, whether due to fraud or error. and ro issue an audiior's repori that iniludes our opii)ion. Reasonable assurance 15 a high level ol assurance, but is not a 8uarantee that an audit conducted in accordance with ISAS IUKI will alway5 detect a material misstatement when it exi5t5. Mi5Staternents can arise from fraud or error and are considered material il, indivldually Of in the aggregate, they could reasonably be expected ro influencÈ the economic decisions ol users taken on the basis ol these finèncial sratements. Irregularities, including fraud. are instances ol non-cornpliance with 13ws and regulations. We design procedure5 in line with our responsibilitie5, Oiltlined above, to deteci maierial missratements in respect ol Srregularities, includin8 fraud. The extent to which our procedures are capable of detectin8 irregularlties. Including fraud is detalled below.. the en8agement partner ensured that the engagement team colSectively had the èppropriate competence. capabilities and skills to identlly or reco£nise non-compliance with applicable laws and regulations,. we ideiitified the laws and regulations applic3b1e to the charltable cornpany rhrou8h discussions with directors and other management, ai)d from our commerci31 knowledge and experiences of the charity's sKtor,' we locussed on 5pecillc laws and regularlons which we considereis may have a direit rnaterial effect on rhe financial siatements or the operation5 01 the Charitable company. including Charities Act 2011. Companies Act 2006. taxation legislation and data protection. employment and health and safety legislation,. we a55E5sed the extent of compliance with the laws ènd regulatlon5 identified above through m8king enquiries ol management and inspecting legal correspondence rhroughoul.. identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances ol non-iompliance throughgut rhe audif. Because of rhe inherent limitatiorT5 of an audit. there 15 a risk that we will nor detect all irregularities. including those eadin£ to a material mi55tatement in the financial statements or non-compliance with re8ulation. This risk increa5e5 the more that compliance with a law or regulation is removed Irorn the event5 and tran5action5 reflected in the financial statements. as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities oc£urring due to fraud rather than error, as fraud involves intentioftal concealment. forgery, collusion. omi55ion or misrepresentation. A bjrther description ol oyr responsibillties lor the audit ol the Financial stateTnent5 is located on the Financial Reporting Council's website at.. www.frc.or uditor5re5 on5ibilities. This description forms part ol our auditor's report. Page 27 WENTWORTH WOODHOU5E PRESERVATION TRLSST INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF WENTWORTH WOODHOUSE PRESERVATION TRUST ICONTINUEDI Use ol our report This report is made solely to the charitable company's members. as a body. in accordance with Chapter 3 of Part 16 01 the Companles Act 2006. Our audit work has been undertaken 50 that we might state to the charitable company's members those rnatter5 we are required io state ro them in an auditor'5 report and for no other purpose. To the fullest extent perrnirted by law, we do not accept or assume responsibility to anyone other than the Iharitable company and it5 metnbers, a5 a body. for our audit work, lor rhis report, or lor the opinions we have formed, eAeL Jane Marshall Isertlor statutory audltorl for and on behalf ol BHP Ltp Chartered Accountants Statutory Auditor 2 Rutland Park Sheffield SIO 2PD Date.. 19 October 2022 PaEe 28 WENTWORTH WOODHOUSE PRESERVATION TRUST CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2022 Unrestricted funds 2022 Restrlrted fvnd5 2022 Endowment funds 2022 Total fund5 Z022 Total funds 2021 Note Income and endowments from- Donations and leg3cie5 Charirable actlVTtie5 277,199 323,596 950.897 2,844,979 3.122.178 323,596 950.897 107 3,253,520 173,785 242,821 3.315 Other trading activitie5 Investments 107 Other income Z4,839 24.839 251,963 Total income and endowments 1.576.638 2.844,979 4,421,617 3.925,404 Expenditure on: Raising funds.. Raisine funds Other trading activities Charitable activitles 63,939 671,521 666,029 46,233 110,172 671.S21 3.922.968 85.918 100.603 4,795,080 io 3.256,939 Total expendlture 1,401,489 3.303.172 4.704.661 4,981,601 Net Incomel lexpendlturel Transfers between fund5 175,149 1458.1931 11,7361 1283,0441 11.056,1971 21 1,736 Net movement In funds 175.149 1459,9291 1.736 1283.0441 11,056,197) Reconciliatlon of funds.. Total lund5 brou8ht forward 373,649 1,314.996 7,765,690 9.454.335 10,510.532 Net moyement in funds 175.149 1459,9291 1,736 1283,0441 11.056.197) Total funds carrled tOnAtard S48.798 855.067 7,767,426 9,171,291 9,454.335 The Consolidated statetllent ol financial activirtes includes all 8ains and losses reco8nlsed In the year. Page 29 WENTWORTPI WOODHOU5E PRESERVATION TRUST REGISTERED NUM8ER.' 08809187 CONSOLIDATED BALANCE SHEET ASA T31 MARCH 2022 2022 2021 Note Fixed assets Tangible assets Heritage assets 206,232 7,767,426 208,676 7.765.690 16 7,973,658 7,974.366 Curient a55ets Stock5 17 51,922 166,188 L925,310 38,288 310,408 2.017,144 Debtor5 18 Cash at bank and in hand 2,143,420 2,365,840 Credltors.. amounts fallin8 due within one year 19 1912,4541 1842,5381 Net current assets 1,230,966 1.523.302 Creditor5.' amounts fallin8 due after more than one year 20 133,3331 143.3331 Total net assets 9,171,291 9,454.335 Charhy funds Endowment funds 21 7,767,426 7,765,690 Resrricted funds 21 855,067 1,314.996 Unre5tri£ted funds 21 S48,798 373.649 Totsl funds 9,171,291 9,454.335 Pa8e 30 ## **WENTWORTH WOODHOUSE PRESERVATION TRUST** REGISTERED NUMBER: 08809187 ## CONSOLIDATED BALANCE SHEET (CONTINUED) _AS AT 31 MARCH 2022_ The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: ## **o,mr.� !.:�E DL** (Chair of Trustees) Date: 20 September 2022 The notes on pages 35 to 57 form part of these financial statements. Page 31 WENTWORTH WOOD140USE PRESERVATION TRUST REGISTERED NUMBER.. 08809187 COMPANY BALANCE SHEET AS A T31 MARCH 2022 2022 2021 Note Flxed assets Tangible assets Heritage assets 166,115 7,767,426 186,559 7,765,690 16 7.933,541 7,952.249 Current assets Stocks 17 1,683 298,011 1,686,809 2.083 366.416 1,874.834 Debtors 18 Cash at bank and in hand 1,986,503 2,243,333 Credltors.. amount5 falling due wlthtn one year 19 1790,0781 1766,0501 Net current 355ets 1,196,425 1.477,283 Total assets less ¢urrent liabillties 9.129.966 9,429,532 Total net assets 9.129,966 9,429,532 Chzrity funds Endowmeni funds 21 7.767.426 7,765,690 1.314.996 348,846 Restricted funds 21 855,067 507,473 Unrestricted funds 21 Total lurtds 9,129,966 9,429,532 Page 32 ## **WENTWORTH WOODHOUSE PRESERVATION TRUST** COMPANY BALANCE SHEET (CONTINUED) _AS AT 31 MARCH 2022_ The company 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. The company's net movement in funds for the year was £(299,566) (2021 - £(1,062,335)). The Trustees acknowledge their responsibilities for complying with the requirements of the Act w1th respect to accounting records and preparation of financial statements. The flnar,cial statements were approved and authorised for issue by the Trustees and signed on their behalf by: ## **Date��: DBE Ol** (Chair of Trustees) Date: 20 September 2022 The notes on pages 35 to 57 form part of these financial statements. Page 33 WENYWORTH WOODHOUSE PRESERVATION TRUST CONSOLIDATED STATEMENTOF CASH FLOWS FOR fHE YSAR ENDED 31 MARCH 2022 2022 2021 Note Cash flows from operatln8 attivitie5 Net cash used in tsperating actlvities 24 16.78SI 11,035,335] Cash flows from Investln8 activltles 83nk iriterest 107 3.315 1166.4041 Purchase ol tangible fixed assets Purchase ol herita8e as5elS 176.7531 11,7361 Net cash usèd In Investln8 actlwltie5 178,3821 1163,0891 Cash flow5 from finaficlng activities Repayrnents of borrow5n8 16,6671 Net cash lused 5nllprovlded by flnanclng actlvltles 16,6671 Change In cash and ¢ash equlvalents In the year Cash and cash equivalents at the beginning ol the year 191,8341 11,198,424) 2,017,144 3,215,568 Cash and Cash equivalents at the end o*the year 25 1,925,310 2,017,144 Page 34 WENTWORTH WOODHOUSE PRESERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 General inlormatlon Wentworth Woodhouse Pre5ervatlon Trust 15 a registered chartty and company in the United Kingdom. In the event of rhe ch3rity being wound up, the liability In respect of Ihe gvarantee 15 litnited to El per tllewber of the charlty. The addre55 01 the registered office is given in the charity Information on page l ol these financial 5tateinents. The nature ol the charity's operations and principal activitie5 are detailed in the trts5tees' report. Accountlng ptsllcies 2.1 8¢7515 olpreporotlon ollintsinciqlstatements The Ilnancial statements l)ave been prepared in accordance with the Charitles SORP IFRS 1021 Accountlng and ReportinB by Charitie5'. Staternent of Reiomtnended Practi£e applicable to charities preparin8 their accounts in èccordance with thÈ Financial Reporting Standard applicable in the UK and Republi£ ol Ireland IFRS 1021 leffeciive J January 20191, the Financial Reporting Standard applicable in the UK and Republi£ ol Ireland IFRS 1021 and the Cotrpanies Act 2006. Wenrworth Woodhouse Preservation Trust meet5 the ijefinitioii ol a publii benefit entity under FRS 102. Assets and liabilitles are Initially re£ognised at historical cost or transactioii value unless otherwise stated in the relevant accountin8 policy, The consolidated statement ol financial attivities ISOFAI and (onsolldated balance sheet consolidate the financial statements ol the charity and it5 wholly owned Subsidiary undertaking Wentworth Woodhouse Trading Limited, on a line by line basis. The Group has taken advantage ol the exemption allowed under section 408 01 the Companies Act 2006 and ha5 not presented It5 Own Statement of financial actlvitie5 in these financial statements. The company's net rnovement in funds for the yeaf was £1299.566112021-1£1.062.33511. Z.2 Golng Concern After making appropriate enquirie5, the Board of Trustees has a reasonable expeciarlon rhar the charity has adeouate resources ro continue In operational existence lor rhe foreseeable future. The trustees have considered the level ol funds held and Ihe expected level OF Income and expendirure for 12 months from aurhor15ing these 1Snancial statements. The budgeted income and expenditure is suff icient wlth the level of reserves for the charity to be able to continue a5 a 80ing concern. The trusrees have considered the impacr ol rhe current economic climate on the charity's activities. workforce and supply chain. a5 well as the wider economy. Whilst it is not considered practical to accurately assess the duration and extenr ol any continued or ongoing disruption, the trustee5 are confident that thev have in place plaris to deal wirh any financial losses and cash delicit5 that may arise. They will continue to monitor the impact on income 3nd take appropriate aition as necessary. The trustee5 do however reco811ise that uncertainty continues to exist in the economy and hence there is a risk regarding the 5UCCe5s and sustainability ol these plan5. However, the trustee5 have coniluded that the chariiy remains a going concern wllilst such viable option5 are available to it. The trLkStee5 therefore Continue to adopt the 8oin8 concem basss of preparatlon lor these financial sratements. Page 35 WENTWORTh WOODHOU5E PRESERVATION TRUST NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounllng pollcles Icont4nuedl 2.3 Income All income Is reco8nised once the Charity has entiilemeni 10 the income, it is probable rhat the Income will be re(eived and the amouni ol income receivable can be measured reliablv. For donèiions to be recogni5ed the charity will have been norified of the amounts and the sertlement date in writing. 11 there are conditions attached to the donation and this require5 a level of performance before entitlement can be obtained, then income 15 deferred until those conditions are fully met or rhE ftslfilment5 01 those conditions 15 within the control of the charlty and if is probable that they will be lulfllled. NO amount5 are included in the financial 5taternents lor service5 donated by volunteer5. Other income is recognlsed in the perio(5 in which it is receivable and to the extent the goods have been provided or on completion of the Se￿Ice. Income from trading activities Includes Income earned from fundraising events and tradlnE activitie5 to raise funds lor the charity. Income Is receivecl In exchange for Supplying good5 and 5eTvice5 in order to raise funds and Is recognised when entitlement ha5 occurred. The charlty receive5 grant luriding. wh￿ch 15 recognised at fair value when the charity has entiilement after any performance condltSons 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 arnount5 are deferfed. The Coronavirus Job Retention Scheme laRSI income Is recognised in other income in the period to which it relates On an accrua15 ba515. 2.4 Expenditure Expendiiure is recognlsed once there is a legal or constructive obligation to Lran51er economi£ benefit to a third party, it is probable thal a transfer ol economic benefirs will be r@quired in settlement and the amount ol ihe obligation can be measured reli3bly. Expenditure is classlfled by acriviiy. The costs of each aitivity are rnade up ol Ihe total of direct costs and shared costs, iniludin8 SUPPOrt costs involved in undertaking each acrivity. Direct costs attributable to a Single activity are allocated directly to that aciivity. Shared cosrs which contribute to more than one activity and support costs whlch are nor attributable ro a sinEle activity are apportioned between those activiries on a basis consistent with the use ol resources. Central Staff Eosts are allocated on the basis of time spent, and depreciation charge5 allocated on the portion of th£ asser's use. Raising funds tompri5e the costs ol fundraisin8 activlty and rrading. Governance costs are thosE incurred in connection with administratiofi of the charity and compliance with constitutional and starutory requirements. Charitable actiwties includè the costs of actlvities undertaken to further the purposes of rhe charitv. Irretoverable VAT is £har8ed agalnst the cate80ry ol resources expended lor which it was incurred. Page 36 WENTWORTH WOODHOU5E PRESERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policres Icontinuedl 2.5 fofftjg1bleflxedo￿ets ond depre¢A47tlort Tangible fixed assets costing É2,000 or more are iapitali5ed. unlE5s part ol a larger project. A review lor impairmenl of a fixed asset 15 carried out if event5 or changes in circumstances indicate that the carryin8 value ol any fixed asset may not be recoverable. Shortfalls between the carrying value ol lixed assels and their recoverable amounts are reco8nised a5 impairments. Impairment losses are reco8nised in the Consolidated statement ol financial activities incorporating income and expenditure account. Tangible fixed assets are initially recogn￿sed at 105t. After reco8nltitsn, under the cost model, tan8ible fixed asset5 are rneasured at cost less accuinulated depreciation and any accurnulated irnpairment losses. All £ost5 incurred to brin8 a ran8ible fixed asset into its iiiiended working condition should be included in ihe measurement ol cost. Depreciation 15 charged 50 a5 to allocate the Cost of tangible fixed a55ets le55 their Te5idual value tsver theif estimated useful lives. Depreciation is provided on the following bases-. Plant and maihinery Fixtures and fittings Office equipment 3 years redLscinE balance 3 year5 reducing balance 3 years reducing balance 2.6 Herltooe ossets Heritage assets are recognised on the balance sheet and inltially measured at cost when purchased or il donated. their valuation. Assets are subsequEntly stated at C05t or valuation less accumulaied depreclation nd accurrulated impairment losses. Heritage a55et5 are not depreciated bKause the building is currently being reconstructed. 2.7 Stocks Stocks are valued at the lower ol cost and net realisèble value alter makin8 due allowance lor obsolete and slow-movin8 510cks. 2.8 Debtors Trade and other debtors are recognised ar the settlenient amount after any trade discount offered. PrepaymEnts are valued at the amount prep3id net of any trade di5COUnts due. 2.9 Cush gt bunk ond In hond Cash at bank and in hand include5 cash and short-term highly liquid investment5 Wlth a short maturity ol three rnonths or less from the date ol acquis1tion or opening ol the dep051t or sirnilar account. PaBe 37 WENTWORTH WOODHOUSE PRESERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policles Icontinuedl 2.10 Ilobllltles ondprovlsions Liabilities are recognised when there is an obligation at the Balance Sheet date as a result ol 3 past event. It is probable that a transfer of economic beneflt will be required in settlement, and rhe amount of the settlement can be estiinated reliably. Liabilities are ￿CognISed at the ainount that the company antlclpates it w111 pay to settle the debt or the amount it has received as advanced payments for the Boods or servTces it must provide. Provisions are measured ar the best estimate of thè amounts required to settle the obllgation. Where the effect ol rhe time value ol money is Tnaterial, the provision is based on the present value ol those èmount5, Iscounted at the pre-tax discount rate ihat reflecrs the risks specific to the Ilability. The unwinding ol the 15count is recognised in the Consolldated statement of financial artivities as a Ilnance cost. 2.11 Finonclollnstruments The Group only ha5 linanct81 assets and financial liabiliries ol a kind that Qualify as basic financial instruments. Bèsic finaniial in5trurnent5 are initially recognised at transaction value subseouently measured at their 5ettlernent value with the exception of bank loans whlch are sub5eouently measure¢J at amort15ed cost using the ellective inrerest method. 2.12 Fundoc¢ountln9 General funds are unrestriited lund5 which are available lor use at the discretion of the Trustee5 In furtherance ol the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with speiific restTlltion5 IrnP05ed by donors or which have been raised by the Group for pèrticular purpose5. The cost5 of raising and adininisrerine such funds are charged aeainst the 5peiific fund. The aim and use ol each restricied fund is set oui in the note5 to the finaTrcial statements. Endowmenr funds represent those assets which must be held permanently by the charity, prlncipally the listed 5tructure5 at Wenrworth Woodhouse, which include the Mansion and its historic content5, the stables, the Camellia House, the tonic Temple and 83 acres of hi5toiii landscape. All ol these assets are classified as herirage asset5. Iniorne arising on the endowment lund5 can be used in accordance with the objects ol the charity and is included as unrestricted income. Any capital Balns or losses arising orn the investments lorm part ol the fund, 2.13 Employee benellt5 When employees have rendered servile to the charitv, 5hort-term employee benefits to which the employees are entitled are re£ogni5ed at the undiscounred amount expecteij to be paid in exchange for that service. The charity operates a defined contributioft plan for the benefit ol its employees. Contrlbutions are expensed as rhey become payable. Page 38 WENTWORTH WOODHOUSE PRESERVATION TRUST NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Cfltical accountlnt estimates and areas of lud8Ment Estimates and Sudgments are continually evaluated and are based on historical experlence and other factors, Sncluding expectations of future events that are believed to be reasonable undei the circumstances. Critical accounting estSmates and assumption5'. Thé company makes estimates and assumptions concerning the future. The resu1tillg accounting estirpates and assumptions will. by definition, seldom eoual the related acrual results. Support C05t5 which relate to rnore than one chafltable activity are allocated to those activitie5 based on an assessrnent criteria ol percentage of total income. Income from donatlons and le8acles Unrestricted funds 2022 Re5tr4Cted funds 2022 Total funds 2022 Total funds 2021 Donations 87,326 189.873 175,942 2.669,037 263.268 2,858,910 304,945 2.948,575 Grants 277.199 2,844,979 3,122,178 3.253,520 Total 2021 73,982 3,179,538 3,253,520 Income from charliable artlvitles Unrestricted funds 2022 Total fvnds 2022 Total funds 2021 Visltor services 300,273 23,323 300,273 23,323 148.408 25.377 Cornmercial and residential rents roto12022 323.596 323.596 173,785 Total 2021 173,785 173,785 Page 39 WENTWORTH WOOOHOUSE PRESERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Income frorn othertr3ding activities Income from non charltsble trading artivTrtie5 Unrestrtctèd funds 2022 Totsl fund$ 2022 Total funds 2021 Wentworth Woodhouse Tradin8 Limited Miscellaneou5 income 911,197 39,700 911.197 39.700 212,350 30,471 950,897 950,897 242.821 Total 2021 242.821 242,821 Investment Intome Unfestricted funds 2022 Yotal lunds 1022 Total funds 2021 Bank interest 107 107 Total 2021 3,315 3,315 Other income Unrestrlcted funds 2022 Total funds 20Z2 Total lund5 2021 CJRS income IfuTloughl 24,839 24,839 251,963 Total 2021 251,963 251,963 Page 40 WENTWORTH WOODHOUSE PRESERVATION TRUST NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDSD 31 MARCH 2022 Ralsing fund5 Dlrect costs Support costs 2022 2022 2022 2021 Publlc and private events Mi5cellaneou5 C05t5 27,999 408 21.339 49,338 52.659 408 287 Depreciatlon Wentworth Woodhouse Trading Limited 60,426 60.426 32,972 671,521 671,521 100.603 Totu12022 699,928 81,765 781.693 186.521 Total 2021 151.183 35.338 186,521 Of the expenditure on raising funds. E46,23312021". E31,6311 was attributable to ￿$tricted funds. io. Analysi5 of charltable expenditure by activities A¢tivlties undertaken directly Support costs 2022 2022 Total funds 2022 Total funds 2021 Visitor servi£es 693,938 23,940 1,855 175,353 717,878 1,855 3,203,235 267.611 Cornmercial and residential rents Heritage sile management 3,027,882 4.526,985 3,721,820 201,148 3,92Z,968 4,795,080 Total 2021 4.758,517 36.563 4,79S,080 £3,256,93912021'. £4.326,7601 of the above costs were attributable to restricted fund5. £666,02912021.. E468,3201 of the above cost5 were attributable to unrestricted funds. Page 41 WENTWORTH WOODHOUSE PRESERVATION fRusT NOTES TO THE FINANCIAI STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ii. Support costs Commercial and Heritage site residential management Fundraising expenses Total funds 2022 Total funds 2021 Tours Governance (note 121 3,496 2,991 233 28.730 35,450 11,158 IT £osts 1,599 1,44] 107 13.139 16.286 15,440 Staff costs 16.244 60,426 13.899 1.079 133,484 164,706 10,359 Depre£iation 5.609 436 66,471 34,944 Total 2022 81,765 23,940 1.855 175,353 282,913 71,901 Total 2021 35,338 2,936 33,143 71.901 Support Costs are allocated on the basis of a % ol income activity. 12. Governance costs 2022 2021 Audit and accountancy fees Legal lee5 Professional fees 18,085 14,365 10,753 405 3,000 35,450 11,158 Page 42 WENTWORTH WOOOFtOUSE PRESERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH2022 13. Net Incomellexpendlturel 2022 2021 This is stated ofterchorgAng.' DepreciarSon ol tangible flxed assets owned by the charltabSe group Auditor'5 remuneration audit Auflitor's remuneration- other services 79,197 14,385 3,700 43,517 7,110 3,642 During the year, no Trusrees received any remuneration12021- £nill. Durin8 the year. no Trustees received any benefit5 iii kind12021- £nill. 14. Staff Costs Grothp 2022 Group 2021 Company 2021 Company 2021 Wages and salaries Social security costs Other pensitsii costs 913,883 71,661 23,C 626,555 41,026 17,478 616,085 46.396 17.403 587,691 37,610 16,056 1.008.604 685.059 679.884 641.357 The average number ol persons employed by the company during the year was as follows: Group Group 2021 No. 2022 No. 59 S4 Page 43 WENTWORTH WOODHOUSE PRESERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 14. stsff costs Icontlnuedl The nurnber of employees whose employee benefirs (excluding employer pension costs) exceeded E60.000 was.. Group Group 2021 No. 2021 In the band £60.001- £70,000 In the band £70.001- £80,000 In thè band £80.001 É90.000 The key management pergonnel ol Wentworth Woodhouse Preservation Trust comprise rhe CEO, the COO and Finance and Business Manager. The rotal emoluments earned as employees of Wentworth Woodhouse Preservation Trusr, includin8 employer national insurance and pension contributions totals f 230,230 12021, £145,863). Please refer to page 23 01 the Trustees, Annital Report for detalls on how executlve pay is set. Wentworth Woodhouse Preservation Trust recetves a substantial Brnount of 5UPPOrt and expertise from volunteers. The work undertaken by this si8nilicant nurnber ol volunteers (including Trustee timel, when expressed as a monetary value lor 2021122. is E481.01012020121.. £227.4201. This amount is not reflected in the Statement ol FiTrancial Activities. Page 44 WENTWORTH WOOOHOIJSE PRESERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 15. Tan8ilJle flxed assets Group Plant and machlnery Flxture5 and NIunES Office equlpment Yotal C?st At l April 2021 Additions 137,980 51,239 85,124 23.694 100.775 1,820 323,979 76,753 At 31 March 2022 189,219 108,918 102,59S 400,732 Deprecit7tion At l April 2021 Char8e lor the year 26,017 44,102 48,205 IS.859 41,081 19,236 115,303 79,197 At 31 March 2022 70,119 64,064 60,317 194.500 Net book vt71ue At 31 March 2022 119,100 44,854 42,278 206,232 At 31 March 2021 111.963 37.019 59.694 208,676 Page 45 WENTWORTH WOODHOUSE PIIE5EIIVATION TRUST NOTES TO THE FINANCIAL STATEMENTS FOR fHE YEAR ENDED 31 MARCH 2CI32 Tangible lixed assets Icontinuedl Company Plantond mathlhery Flxtures aTrd flttlnES Office e4ulpmÈnt Total C05t Ai i April 2021 Addititsn5 111,698 44,207 77.951 100,775 1,820 290,4Z4 46,027 At 31 Marih 2022 155,905 77,951 102,595 336.451 Depreciation At l April 2021 Charge for the year 18,004 37,109 44,780 10,126 41.081 103,865 66,471 19,236 Ai 31 March 2022 55.113 54.906 60,317 170.336 Netbook volue At 31 March 2022 100,792 23.04S 42.278 166.115 At 31 March 2021 93.694 33.171 59,694 186.559 Page 46 WENTWORTH WOODHOUSE PRESERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 16. Heritage a55ets Group ond Compony Assets recognised at cost Wentworth Woodhouse 202Z Carryiiig value at l April 2021 Additions 7,765.690 1.736 At 31 March 2022 7,767.426 Analys1$ of heritage asset transa¢tlons Gmup ttnd Compony 2022 2021 2020 2019 2018 Purchoses As5et5 held at C05t 1.736 1,507 15,500 7,283,683 Donotions Assets held at cost 495,000 Total uddltlons 1.736 496,507 15,500 7,283,683 Chorgelor Impolrment Assets held at £ost 130.0001 TotGI chorgeforlmpolrment 130,0001 Herita8e assets primarily comprise ol the acquisition ol the buildings, contents and surrounding gardens. 17. stocks Group Group 2021 Company Company 2021 2022 2022 Retail stoik 51,922 38,288 1.683 2.083 Page 47 WENTWORTH WOOOHOUSE PRESERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Debtors Group Group 2021 Company 2022 Company 2021 2022 Trade debtors 12,814 37,814 767 4,049 Amount5 owed by group undertaklngs Other debtors 148,474 87,620 61,150 91.600 87,762 65,612 203,032 202,995 67.772 Prepayrnents and accrued income 69,562 166.188 310,408 29B.011 366.416 19. Credltors: Amounts falling due wtthln one year Group Group 2021 Companv 2022 Company 2021 1021 Bank loans Trade creditor5 io,c¥Jo 6,667 388,711 522,761 370,486 22.341 40.969 356.282 518.712 Other taxation and social security Other creditor5 SS.8SO 80.287 377,606 37.752 69,061 206,297 14,141 34,454 Accruals and deferred income 198.743 912,454 842,538 790.078 766.OSO Group Group 2021 Company Companv 2021 2022 2022 Deferred income at l Aprll 2021 esources deferred during the year Amounts released from previous periods 15,490 IS,622 116.2JSI 5,175 15,490 15,1751 11,490 15.622 112,2351 S,175 11.490 IS,1751 14.877 15,490 14,877 11,490 Page 48 WÉNTWORTH WOOOHOUSE PRESERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 20. Credltor5'. Amounts falllng due after more than one year Group Group 2021 ZOZ2 Bank loans 33,333 43,333 Bank loans represent a Bounceback Loan with an inteTest rate of 2.5% per annum. The terrn of the loan is 6 year5 from July 2020 however early rep3yment is permitted. Page 49 WENTWORTH WOODHOUSE PRESERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENQED 31 MARCH 2C122 21. Statement of fund5 Statement of funds. current year Balan are included in debrors due within one year. No remuneration has been paid to any trustee12021.. £nill. Expenses of £448 12021,, £nill were reimbursed to trustÈos lor lÈEitimatÈ business expenditure incurred respect of the atten(Sance at meetin85 durin8 the period in tonnection with ihe running ol the Trust's affairs. These expense claims were disc105ed to and approved by the Board of Trustees at Its regular meetings. IndemnSty insurance h35 been purchased from lund5 to.. Protect the Trustees Irorn105s artsing from the rteglect or defaults ol Its Members or employees. and Indemnify Trustees from the consequences of any neglect or default on their part. The cost incurred durin8 the year wa5 £61312021.. £6131. Donations from Trustees totalled £5,49912021.- £63.8141 and other related parties totalled £niS12021.. £50,000). 29. Principal sub5itliaries The following wa5 a subsidiary un(5ertaking of the company.. Name Companv number Class of shafes Holding Wentworth Woodhouse Trading Limited 10891000 'Ordinarv loo% The financial result5 01 the subsidiary lor the year were.. Nzmè Incoffle EKpendlture Proflt for the year Net assets Wenrworrh Woodhouse Trading timited 911,197 1891,9891 19,208 41,325 Page 57