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← Wentworth Woodhouse Preservation Trust

2024-03-31-accounts

Registered number: 08809187 Charity number: 1155374

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the company, its Trustees and advisers 1
Trustees’ report 2
Independent auditor’s report on the financial statements 30
Consolidated statement of financial activities 34
Consolidated balance sheet 35
Company balance sheet 36
Consolidated statement of cash flows 37
Notes to the financial statements 38

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024

Trustees Dame Julie Kenny DBE DL, Chair
Mr Timothy Cooke OBE, Deputy Chair
Mrs Toni Beevers (nee Paxford)
Mr John Caldwell, Chair - Finance Committee
Mr Simon Carr (resigned 21 November 2023)
The Duke of Devonshire KCVO CBE DL (resigned 16 May 2023)
Mr Martin Drury CBE
Mr Matthew Hirst
Mrs Bronwen Knight
Sir Philip Naylor-Leyland Bt
Mr Richard Outhwaite
Mr Andrew Shepherd
Ms Silethokuhle Sibande
Mr Darren Baker (appointed 30 July 2024)
Company registered
number 08809187
Charity registered number 1155374
Registered office Wentworth Woodhouse
Wentworth
Rotherham
South Yorkshire
S62 7TQ
Independent auditor BHP LLP
Chartered Accountants
2 Rutland Park Sheffield
S10 2PD
Bankers Barclays Bank plc
Church Street
Peterborough
LE87 2BB

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Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their report and the audited financial statements of the charitable group for the year ended 31 March 2024. The annual report serves the purpose of a trustees’ report, strategic report and a directors’ report under company law. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

Trustees of the charity

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

Dame Julie Kenny DBE DL, Chair Mr Timothy Cooke OBE, Deputy Chair Mrs Toni Beevers (nee Paxford) Mr John Caldwell, Chair - Finance Committee Mr Simon Carr (resigned 21 November 2023) The Duke of Devonshire KCVO CBE DL (resigned 16 May 2023) Mr Martin Drury CBE Mr Matthew Hirst Mrs Bronwen Knight Sir Philip Naylor-Leyland Bt Mr Richard Outhwaite Mr Andrew Shepherd Ms Silethokuhle Sibande Mr Darren Baker (appointed 30 July 2024)

Achievements & Performance

This report covers activity from the beginning of April 2023 through to July 2024, though the financial data relates to our financial reporting period April 2023 - March 2024. Like the previous 6 years, since we came to site, incredible things have been achieved over the year.

We have invested heavily in growing the business. Our exhibition programming has moved to another level this year (see page 11) and with the recruitment of a senior leadership team, who bring with them extensive expertise in heritage, culture and operations, we are achieving things in just months, that take other organisations years.

The business is growing, income is on a steep trajectory, our services expanding, and our reputation as leaders in diversity, inclusion and community engagement, spreading nationwide. There are many positives.

The period under review within this report has, however, once again, been incredibly challenging and despite the success of our expansion and growth, we have posted losses at the year end.

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Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Huge increases in inflation have pushed core costs up to unprecedented levels and forced the paying public to cut back on non-essentials, including cultural visits. People’s spending power has taken a hit and we have seen a drop in the spend per head for our visitors when on site. Despite all this, our income levels continue to grow with our turnover at its highest level to date, as we work closely with our audiences to ensure a wide variety of people are able to enjoy the opportunities that Wentworth brings.

The losses to our bottom line this year can be attributed in great part to the actors and writers’ strikes in the USA, which seriously impacted the UK film industry and in turn, our income from filming, with just one film contract across the whole year. Our reliance on filming income carries an element of risk, as it is somewhat out of our control, so our aim is to move to a situation where it is a bonus if it happens, rather than a budgeted necessity.

The National Lottery Heritage Fund Camellia House Activity Plan, known as the CHAP was fully embedded this year and details of this can be seen on page 4. The CHAP is made up of several dedicated programmes in education, horticulture and community activities. These complement the Camellia House, which opened to great fanfare in March 2024. It brings a whole new dimension to our trading activities and adds to our list of successful regeneration projects.

The Trustees set a number of key performance indicators, which include achieving a financial budget target for unrestricted funds, and this year we failed to add to our reserves, instead having to use some of them to support cash flow. We hope however, to see the fruits of our hard work turn that situation around in the coming year.

A further key performance indicator is that of increasing visitor numbers. Visitor numbers were approximately 51% higher than the previous financial year, a continuation of the steady increases we have seen year-on-year since we came to site.

These indicators are monitored closely by management and the results are reported to the Finance, Staffing and Audit Committee and Board of Trustees at each meeting .

Regeneration – Capital Works

Camellia House

VIPs gathered to celebrate the formal opening of the Camellia House on Friday, 22[nd] March 2024. After weeks of rain, the sun finally shone, and guests enjoyed drinks, speeches and wonderful dishes from the menu. The Camellia House has been regenerated as a global tea house with a total investment of £4.6 million, made possible by a long list of funders including The National Lottery Heritage Fund, Historic England, Garfield Weston Foundation, and Historic Houses Foundation. Our thanks go to all the funders, donors, contractors, consultants, staff and volunteers who made this project such a success. Particular thanks go to Helen Featherstone of the National Lottery Heritage Fund for her speech on the day and Jenny King,

Dominika Rojewska, Harvey Hopkinson and Mark Swallow who came along to tell us about their participation in the Activity Plan. The Camellia House opened to the public for trading on 2[nd] April and has welcomed many new customers since, with 40 covers inside and a further 40 outside. Visitors are now able to sit next to the stars of the show – our camellias, which date back to around 1800. The project also includes our first full Changing Places facility, providing large, accessible toilet facilities, and we hope to introduce a second at the Stables soon.

Films about the project can be seen here:

https://www.youtube.com/playlist?list=PL9k2fZ5AocrsGm4C2D-6MfR9pcpYmFB_J

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Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Stables Catering Kitchens & Preparation Works for the Café at the Stables

Works at the Stables have continued unabated throughout the year, as the first phase of development of the vast site is rolled out. The current works are being funded through the Government’s Levelling Up Fund and Historic England, totalling £5.1 million. Following on from the demolition works last year, the new-build element of the project, which forms part of the vast new production kitchens, is now visible. Work at the site is now being extended to include the Mews Court area, which will ultimately become the entrance to the site for visitors once works to the car park are completed. Trustees and the executive team recently met to discuss future phases of work and the completion of the Southern Range of the Stables is now a priority. It will provide much needed commercial space which is critical to underpin the Trust’s financial sustainability.

Films about the project can be seen here: https://www.youtube.com/playlist?list=PL9k2fZ5Aocrubc3PQSw-qQt_HPevRXEKj

The Lift and Chapel

Development work got underway this year for the Lift and Chapel project. This will see the Chapel fully restored internally, including the restoration of the Sehgers’ ( c. 1589 – c. 1638) paintings of the Apostles. The introduction of a platform lift at the entrance to the site and a passenger lift adjacent to the oak staircase, will bring much needed access to the house to those with mobility challenges. Fundraising is now under way in earnest, with the total cost of the project expected to be approximately £1.5m.

Iron work

With on-going support from the Elizabeth Cayzer Charitable Trust, we launched the chain link campaign this year. The campaign allows supporters to have their initials forged into chain links that will run right across the East Front, joining the stone bollards and lamp standards. This is a continuation of our Make your Mark campaign, which we hope, will help our communities to feel a sense of ownership with the house and the restoration project. We shall continue with the campaign until all the chain runs along the East Front are completed. The Elizabeth Cayzer Charitable Trust is also supporting the restoration of the hand railings on the West Front steps. The railings on the right-hand side of the steps have now been removed and fully restored and are due to be reinstated imminently, when the left handrails will be taken for their restoration. Our thanks go to the very wonderful Elizabeth Cayzer for her support of our work and to Andrew Renwick at Ridgeway Forge, for his passion, not only for restoration, but for training and the perpetuation of traditional heritage skills.

Housekeeping

The housekeeping team has continued its work cleaning the bas reliefs in the Marble Saloon; this continues to be quite a lengthy process as the Marble Saloon is used in a variety of ways and work has to be scheduled between events.

With the opening of the Camellia House earlier this year we welcomed Paula Burton to the team, her time is dedicated to the cleaning and presentation of this beautiful building, complementing the work carried out by the team in the Mansion.

The fantastic crew of volunteers (the ‘Classy Scrubbers’) has expanded over the year, and they continue to give a huge amount of support to the housekeeping department, ensuring areas are ready for visitors, brides and corporate groups alike.

Community Engagement

The community engagement programmes run throughout the period of this report are all part of the Camellia House Activity Plan (CHAP), funded thanks to the National Lottery Heritage Fund and Lottery players.

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Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Sheffield and Rotherham Wildlife Trust continued their social prescribing visits this year, the aim being to help those who are experiencing mental ill health because of social isolation. The visits help people to make new social connections and enjoy green open spaces to aid their recovery. The group changes and evolves with new visitors becoming part of the Wentworth story, and one even joining our volunteer gardening team.

The Art in the Teahouse project allowed us to commission artists to work with groups of adults who may be experiencing low mood, social isolation or feeling disconnected, many of whom have not previously been engaged with the site. The groups experimented with different art forms, using art as a way to building new skills, and making connections. Groups have included Rotherham Recovery Network, Apna Haq, B:Friend and Crossroad Carers. These groups have been able to get a flavour of Wentworth Woodhouse and overcome real and perceived barriers with support from the group, the session facilitators and our volunteers.

The Memory Café was established this year at the Camellia House, in collaboration with Home Instead. It invites those with memory loss and their carers, to come together to enjoy activities and find out more about Wentworth Woodhouse’s past. Hands-on activities have included replicating a Lady Mable Sports Day and making their own pottery inspired by Rockingham pottery.

Feedback from the sessions includes “very enjoyable”, “great for my mum to talk to new people” and “can’t wait to come back again”. Carers who have attended have noted that they enjoyed the opportunity to talk to others in similar situations, lifting the stress and isolation they felt upon arrival.

Our outdoor workshops have been a real success, giving young people skills, outdoor experiences and helping them engage with nature in a positive way. Groups have participated in den building, scavenger hunts, learning about trees and wildlife and using natural materials to make crafts.

Ongoing training of staff and volunteers has taken place this year, helping them understand the needs of individuals from our target audiences. This has included sighted guide training, cultural competency training and dementia friends training. This helps gives staff and volunteers more confidence, ensuring our visitors have a better experience and feel really welcome. We also hosted Rotherham’s first Creative Health Symposium. This brought together creative and health professionals to discuss ways to embed appropriate activities in Rotherham, as well as showcasing examples of best practice- including Wentworth Woodhouse.

Community Work in the Gardens

City & Guilds level 1 Horticulture Students

In October 2023, we celebrated the success of students who had completed their City & Guilds Level 1 in Horticulture. Everyone successfully passed the course and received a certificate from Northern College who delivered the course in partnership with Wentworth Woodhouse.

The course lasted for six sessions and involved elements of both practical and classroom-based studies. This type of training not only benefits the students by upskilling them, creating opportunities for employment and further personal development, but it also benefits the Trust, as it creates opportunities for the completion of project work being delivered in the gardens. This course saw students assist with the clearance of the Drying Green, where our new community garden is located.

This opportunity also benefited our very own Assistant Gardener Liam Coleman, who for the first time, took on the role as course assessor, responsible for marking students while they demonstrated their practical skills during each lesson; this experience will stand Liam in good stead for more training opportunities in the near future.

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Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Community Garden

In March 2024, a group of dedicated volunteers came together from various gardening and maintenance groups to form what is now known as the “ Polly Force Team” led by Steve Woodhouse.

Their mission was to create a community garden in the Drying Green area adjacent to the small walled rose garden. The Community Garden will ultimately provide an extensive growing area, with greenhouses, polytunnels, raised beds and composting in addition to social areas for community groups to come together to eat, drink and share stories. The Community Garden will eventually be complemented with new wet and dry gardeners’ rooms and WC facilities in the adjacent garage area.

The dedication and hard graft put into what was an unused and overgrown area has been nothing but remarkable, the sheer vision and determination the team have given to this project is truly commendable. We now have two huge polytunnels, a greenhouse and flowers in full bloom. Pathways have also been created. The team were supported with the development of this project with other groups such as Artworks, The View and Rotherham Opportunities College, along with corporate volunteer groups visiting for the day to deliver their CSR (corporate social responsibility) programmes.

The space is now unrecognisable, and the hours dedicated to the project by Steve and the team have made for a very special part of the garden and an enclosed safe space for community groups, schools and volunteers to enjoy. Out thanks go to B&Q, Dobbies Garden Centre and Horsfields Nursery for kind donations of fruit and vegetable plants that have given the project its first crop. Thanks also to the volunteers who donated time and plants.

The Community Garden has been made possible with funding from the National Lottery Heritage Fund, as part of the Camellia House Activity Plan. Our thanks go to all lottery players.

Garden Activities

Earlier this year, our very own inhouse thespians, The Woodhouse Players, gathered over a 10-week period, to prepare and rehearse for what can only be described as a lively and animated Easter event. Each volunteer created and put together their own character costume. Our very own “crafty” Dee played a jolly fairy, ‘Fairy-Nuff’, buggy driver and garden volunteer extraordinaire Andrew Morton played a very convincing Malcolm the Mole, Allison Tinker was a fabulous bunny, little ‘Flossy Britches’, Arlene McNeice played a busy ‘Betty the Bee’ and finally another of our dedicated garden volunteers, Sue Walker was a very friendly mouse, ‘Little Tippy Toes’.

With six group sessions throughout the day, children from near and far enjoyed the chance to meet and interact with these amazing individuals through poetry and nature activities and we had some wonderful feedback from visitors.

A big well done and thank you to all our thespians, our garden students, volunteer groups, the Wah Hong Chinese Association and our partner organisation Artworks for supporting garden activities across the year.

Learning & Education

Our Learning and Skills Officer Jen Wall has done an incredible job in establishing an excellent education offer at Wentworth Woodhouse and was recognised with the Historic Houses Francis Garnham Award for Innovation in Education 2023. This is an important award and one that is highly competitive. Jen was also asked to be a judge for the 2024 award, great recognition of her work making a positive impact on the lives of our local learners. Well done and congratulations Jen!

Our new education catalogue will be available on the website soon. The catalogue gives information on our now established school workshop offer, refined and co-created with local educators after an 18-month piloting period as part of the CHAP. At “Inspire and Connect” days local educators worked with us to develop our workshop programme, sharing how we can support classroom learning experiences.

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Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Over 70 schools and colleges and 5 universities have engaged with us since October 2023. We welcomed over 1600 students on school trips and learning visits, an increase from 750 students last year, with 53 new schools participating in our programmes, which include both standard and bespoke workshops.

Primary Schools that visited included Delta Academy Trust, Rawmarsh Thorogate, Wentworth C of E, Thorpe Hesley Primary School, Roughwood, Blackburn Primary School, Rockingham J&I, Brinsworth Howarth, Greasbrough Primary School, Heather Garth Primary Academy, The Ellis, Eastwood Primary School, Sitwell Junior School, Rawmarsh Ashwood amongst many others, both local and from further afield.

We began running outreach this year and went into Coleridge Primary School and Wentworth C of E to deliver kite making workshops as part of the Basant Festival preparations. Jan was also invited to attend mock interviews at Horizon Community College and careers days at Wath and Oakwood Academies.

Secondary students visited from Hall Cross Academy and even Trident High School, all the way from New Zealand!

We also delivered outreach and work experience opportunities for Wath Academy, Wickersley School, Wingfield Academy, Astrea Academy Dearne, Ecclesfield School and Horizon Community College.

Tertiary students participated in design, archive and research projects with students from Thomas Rotherham College, Rotherham College, Sheffield Hallam University, Edge Hill University, Leeds Beckett University, Oxford University and the University of Sheffield.

We have developed a specialism for our work with SEND schools and welcomed students from The Willows, ROC, Forest View (Kelford School), Arran Hill, Seven Hills, Robert Ogden School, Heatherwood, and North Ridge. SEND learners tell us that they enjoy learning experiences outside of the classroom, and sessions that enable them to be hands-on and creative.

We also work with informal learning providers, including Affinity 2020 CIC, who created an exhibition about experience of living in care, which was displayed in the Old Hall. Ambitions charity brought young people from disadvantaged backgrounds for history and art influenced days.

Feedback on visits to Wentworth Woodhouse

Staff (from primary, secondary and special schools and colleges)

“Staff were very helpful and attentive. Information was relayed to ourselves and the children very well and a great time was had by all. Helen, Becky and Jen really knew their stuff and were able to explain everything really well.” (Primary School Teacher)

“It was such a positive process, coming on the trip, talking about ideas afterwards with the children and then the trip led to a whole-school project to make a 'habitat sculpture' within our grounds as part of our Rewilding project.” (Primary School Teacher).

“Huge impact for all of the above. The visit has enabled my students to achieve outcomes and work that they would have never been able to produce if it wasn't for the school visit.” (Secondary School Teacher).

“Excellent organisation and support with bringing local history to life for A Level students. Our experience was bespoke and pitched well for our students. Our students love engaging with Wentworth Woodhouse; it builds a real sense of community and broader sense of ambition as they head off into their careers after college. Big thanks to Jen for everything, nothing is ever too much!” (College Educator)

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Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2024

“One of my students mentioned having their artwork displayed at WW as one of their best moments they had ever had. Another…often talks about how proud they are of working at WW. My students were able to develop their communication skills, independence and deal with social anxiety in a safe yet unfamiliar space…because they [were] made to feel welcomed and valued.” (Special School Educator)

“Our partnership offers students industry insight, which is a huge element of curriculum in the post-16 sector. Our students also mention the link a lot in lesson, they get a lot out of the archivist internship” (College Educator).

“I deliver an 'applied learning' module, where students are given opportunities to consider the realities of work going on in various professions/industries and make connections between their studies and what they are seeing. I was particularly interested in connecting our students with Wentworth's work to become an inclusive heritage site that is open to everyone. Wentworth Woodhouse as a place to visit was a perfect learning opportunity, as you are actively involved in creating a new legacy for the house.” (University lecturer).

Student Feedback

“I'd give it 5 out of 5, no, 10 out of 10!” (Primary School pupil) “It was the best day trip ever.” (Primary School pupil)

“I really enjoyed the visit! the tour was excellent and I learnt a lot about the history of the house. the workshops were equally wonderful. I enjoyed meeting the volunteers!” (Secondary school student)

“happy” (Student with SEND)

Work related learning students (college and university)

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Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Collaborative Projects

Festival of Joy

We were delighted to secure funding from Arts Council England for a creative heritage project. In partnership with Fusion, WE Great Ladies and Sheffield Philharmonic Orchestra, children from Heather Garth Primary School and The Ellis Primary School created poems inspired by The Wentworth Woodhouse Polka composed in 1888 for the Earl Fitzwilliam’s golden wedding anniversary. The work was performed at two concerts by Sheffield Philharmonic in July 2024 which were both sold out with 300 people attending.

Work Related Learning (WRL)

A total of 57 students participated in work-related learning since the Autumn term of 2023, we hosted 7 school work experience placements with a total of 39 internships, 2 apprentices and 9 work placements for students with additional needs

Work-related learning takes place across the organisation including in the education, research and archives, visitor experience, catering and hospitality, gardening, site management, and marketing departments.

We have positive working partnerships with Rotherham Opportunities College and The View, from where SEND students have joined us on placements in the House and Gardens and we are delighted to announce that Simon, one of the familiar faces in our café, will stay on with us as a part time employee. Two previous work placement students continue with us as volunteers.

Sheffield Hallam University Applied Psychology students were tasked with conducting research into the visitor experience at Wentworth Woodhouse They were given an open brief to undertake research, taking the initiative to learn PhD research methods which resulted in creative projects.

University of Sheffield interns created a Lady Mabel lesson series and resources for secondary schools and a Leeds Beckett student researched using Tik Tok for our social media, giving a useful and professional presentation to our Marketing Manager.

A group of Masters students in architecture and architectural design worked on a community project in the Drying Green as a module on their course. They rejuvenated the area and engaged community groups from a variety of backgrounds. We’re very proud to support students in applying their learning in real world situations whilst also earning academic credits for their degree courses.

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Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

In conjunction with local educators we continue to run Inspire and Network co-creation events, with local educators, to develop our offer ensuring that it is cutting edge and responding to the needs of local schools. With this in mind, Jen became a governor of the local village school to strengthen our links with the community.

Tours and Groups

We continued to provide a variety of tours to visitors including Wentworth, Black Diamonds, Behind the Scenes, Conservation and Lady Mabel tours.

From April 2023 to March 2024, we welcomed 7,470 individuals, including those as part of group tours, to the House – compared to 9,095 the previous year.

Exhibitions and Cultural Events Programming

WE Wonder 23

On 28[th] August 2023 we celebrated with our targeted communities at the annual We Wonder Festival. With a grant of £29,494 from Arts Council England and working with partners Flux and Wild Rumpus, WWPT delivered a fun packed family day which included three roaming performances, each of which was repeated three or more times across the event, and seven static performances. Before the festival day a series of workshops with 13 targeted community groups were held to co-create four art installations in the shape of obelisks, a reference to the historic obelisks that were once located on the West Front lawns and that now protect the Mausoleum, to the East of the House. During festival day these art installations were placed on the lawn where activities and performances took place. With 192 workshop participants from Global Majority and/or disabled and/or economically disadvantaged backgrounds, and 1,527 festival participants, We Wonder surpassed its engagement targets and delivered a culturally rich and vibrant experience which participants enjoyed, engaged with, and found valuable. The ACE funding for this project was aimed to support previously lower-engaged groups to be creative people and to improve collaboration with creative communities through an inclusive and relevant project, of appropriate ambition, quality and dynamism. For Wentworth Woodhouse, We Wonder provided a first opportunity to test our core values and the “six pillars” of our new Cultural Strategy (2023).

WWPT is committed to on-going learning and improvement and as such, we carry out detailed evaluation of all our funded activities, in order to take any valuable learning and apply it to future work. Key findings from the We Wonder 23 evaluation told us that we:

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Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Visitor feedback

“the prayer room was a huge success and it was signposted well” (Creative Engagement Officer)

“We had prayer tents with washing facilities and well signed and the Muslim community really did appreciate that and felt it worked really well for them. We had access points and disability viewing points, and it was really to kind of look at the event holistically, plug gaps in programming” (Art facilitator)

Learning for future events

Some participants on the day would have liked more signage and/or a map, and comment was made on the survey about improved wheelchair access and improved/more toilet facilities outside.

The shop and food value for money were the lowest scoring for satisfaction by survey respondents (42% and 47% respectively). However, 100% would attend another event and 90% recommend to others, suggesting that these issues did not mar attendees’ experiences overall.

While most participants were happy with the activities and performances provided, with 88% of survey respondents scoring these as Very Good/Good, a few attendees suggested additional activities for specific age groups such as storytelling for under 5s, and sports for teenagers. Both tennis and chess were available to play on the day, although some participants would have liked more sporting activities to be available, suggesting that levels of awareness could be raised, or a wider or different range of activities available.

This is valuable feedback and helps us to improve our offer in future.

Our thanks go to everybody involved in delivering this very special event, particularly our Creative Producer, Sophie Akbah.

Exhibitions

With no indigenous collection, the stunning but vast State Rooms of Wentworth Woodhouse have, up until recently, remained largely empty. As part of WWPT’s current approach to research and development, the team has been exploring how best to showcase these spaces by developing a programme of touring exhibitions throughout 2023-2024, assessing and understanding how visitors respond to art within these otherwise empty spaces, engaging current visitors, attracting new audiences, and generating income. Our new exhibition programmes are made up of a mix of “showstoppers” major funded exhibitions, complemented by smaller self-funded and more community-based shows, providing an interesting mix and, we hope, something for everybody to enjoy.

Jason and his Argonauts

In last year’s report we highlighted the exhibition Jason and his Argonauts by Wakefield-born artist, Jason Wilsher-Mills which was hosted on site between Saturday 29th April to Sunday 18th June 2023. Jason, a disabled digital artist, initially trained as an oil painter before learning to use digital technology when he became disabled. The exhibition saw Jason working with disabled communities around the UK to design the work. Exploring themes of disability, the exhibition told the stories of these geographically diverse, learningdisabled groups, mixing them with Jason’s own biography, creating new narratives and myths about the artist.

The visitor survey in the period told us that for 48.77% this was their first visit, suggesting the exhibition contributed to bringing in some new audiences to the house.

11

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Comments included: Stimulating and fun, funky modern art in a historical setting, positive promotion of disabilities, novelty and thought provoking, outside exhibits worked well.

Some felt that the art was “ Not my cup of tea, clash to the senses and out of place at Wentworth”

In addition to this survey, a separate, on-the-day and more specific to the exhibition itself “Have Your Say” feedback wall was positioned on exit for people to leave their thoughts and feelings from what they had just experienced. The following information came through:

Ticketing data showed us that we had:

Whilst we would expect to see a natural growth in visitor numbers from previous years and need to take into consideration a slight increase in the admission price, it is encouraging that we achieved a 35% increase in visitor numbers and income over the period of the exhibition.

Grayson Perry: The Vanity of Small Differences

From Wednesday 29th June to Sunday 3rd September 2023, we hosted internationally renowned and Turner Prize winning artist, Grayson Perry and his exhibition The Vanity of Small Differences, loaned from the Arts Council Collection.

The six large-scale tapestries (2m high and 4m long) were made by Perry in collaboration with Flanders Studio. The tapestries, completed in 2012, explore British fascination with taste and class. Inspired by William Hogarth’s ‘A Rake’s Progress’ (1733), which tells the story of the rise and fall of a young man who loses his inherited fortune through a series of bad decisions. Perry’s tapestries follow the life of a fictional character called Tim Rakewell, as he develops from infancy through his teenage and middle years, to his untimely death in a car accident, as a fallen celebrity. Through the story, Perry analyses class mobility in England and gathers characters, places and objects the artist encountered on his travels through Sunderland, Tunbridge Wells, and the Cotswolds for his BAFTA winning documentary series All in the Best Possible Taste with Grayson Perry (2012).

This exhibition was an important new step in the visitor experience of Wentworth Woodhouse. As the first major exhibition hosted in the house and loaned from Arts Council Collection, it was an important step in developing a lasting relationship. It demonstrated that Wentworth Woodhouse was ready to host bigger exhibitions that held wide appeal. It also brought with it the complications of environment, infrastructure, and security. Staff and volunteer feedback for the exhibition was overwhelmingly positive. Many appreciated the vibrancy and scale of the tapestries, liked the contemporary pieces within the historic setting and enjoyed engaging visitors in the story, many bringing their own friends and family to see the exhibition. Many of the volunteers reported that visitors who had not come specially for the Tapestries and were initially unsure, had thoroughly enjoyed their experience by the end, particularly once the context had been set.

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Feedback from the visiting public told us that

On Location: Film and TV Costume

From September 19th to November 5[th,] we hosted the ‘On Location: Film and TV Costume’ exhibition in the State Rooms. This exhibition was entirely self-funded and curated by our in-house team. Costumes from ‘Victoria’, ‘Gentleman Jack’, ‘Wives and Daughters’, ‘Downton Abbey’ the movie and ‘Jonathan Strange and Mr Norrell’ were on display, all of which were filmed at Wentworth Woodhouse in recent years. The exhibition saw an increase in visitor numbers from the previous year as follows:

2022 2023 Increase % Increase
2,811 7,621 4,810 171%

The exhibition was complemented with a Regency Afternoon Tea offer and a Jane Austen Performance.

Moving on into the spring of 2024 we launched an exhibition of Rockingham pottery- Flora, Fauna and Feasting. This exhibition included the display of some of the incredible Rockingham collection bequeathed to us from the estate of Stephen Watson.

The Rockingham Pottery, made locally in Swinton, was displayed alongside stunning contemporary pieces created by some of the UK’s most significant contemporary craft artists.

Each table setting in the exhibition presented Rockingham Pottery and contemporary craft, in ceramic, textile, glass and metal. The historic and contemporary table adornments were united by their inspiration: Rockingham Pottery was commonly decorated with flowers, fauna and fruit, and contemporary crafts people continue to seek inspiration in the natural world. The exhibition oscillated between the old and new, giving pause to think about the changing nature of creativity, flowering from roots grounded in our history.

The exhibition started mid-March 2024 and evaluation is still underway.

The exhibition was a pilot, helping us to carry out the research and development work for a larger Rockingham Pottery exhibition planned for 2026, commemorating the 500[th] anniversary of the Rockingham pottery. Our thanks go to curators Charlotte Dew and Gregory Parsons for supporting this exhibition

Other key milestones reached this year included:

In June 2023 the Arts Council Government Indemnity Security (GIS) Advisors made their site visit and produced recommendations for interventions needed at Wentworth for us to achieve GIS status. GIS status allow us to have world class exhibitions at Wentworth by creating the correct environmental and security conditions within the building. These interventions have since been introduced and GIS status awarded in the summer of 2024.

During October -December 2023, a series of grant applications were submitted to support a George Stubbs exhibition at Wentworth in the summer of 2024. The artwork to go in the Stubbs show was agreed with lenders in March 2024.

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Research & Archive

The Research Team has worked on a variety of topics this year and played a pivotal role in researching for the Coal Mining exhibition that is currently on display in the ground floor rooms. In January 2024, they also participated in training in object handling, an important aspect of archive management. A process of cataloguing and relocation of our archive at the Mansion is now underway.

Archives and Collections

In March we were awarded a National Archives Engagement Grant. This grant has enabled us to work with research volunteers and a newly formed youth panel to share place-based stories in the mansion. Groups have worked with us to select archival objects to be displayed for the first time. We have also been able to digitise items from the archive, to make these available online and digitally on site.

We will also be providing public access to the archive for the first time in Afternoon in the Archives sessions.

Retail

At the beginning of 2024 we developed a ten-point retail strategy to meet our overarching programme of events and targeting continued growth. The focus of the strategy is to offer our customers the chance to purchase merchandise to match events and exhibitions within the House. Books continue to be our most popular range, with strong growth in sales across the period covered in this report. The success of the retail shop is heavily dependent on a dedicated staff and volunteer team to deliver the best possible return from the space. Our thanks go to them.

During the period from April 2023 to March 2024 the retail space turned over sales of £134,541, a 24% increase on the previous year

Volunteering

Between April 2023 and July 2024, volunteers contributed an incredible 53,400 hours to the work of the Trust. Volunteering goes from strength to strength, with no shortage of people giving the precious gift of their time in support of WWPT.

In November 2023 Alison and her wonderful volunteers made it to the final of the Rotherham Community Achievement Awards and though they didn’t win this time, it was sure recognition of their fantastic work. Dave and Rosemary Johnson were recognised for their service to Wentworth Woodhouse when they were invited to a Royal Garden Party at Buckingham Palace in June of this year.

130 new volunteers were recruited in the period April 2023 – July 2024 and our numbers grow as our retention rate remains excellent. Our Volunteer Manager Alison Constantine finds ever creative ways of engaging the volunteers, contributing to Mansion Monthly the in-house newsletter, in addition to sending weekly updates to all volunteers, ensuring they all feel informed – sometimes with a poem to encourage participation!

I sit in a room and I room steward There’s a room steward’s chair if I’m tired If I don’t want to sit, I can stand for a bit It’s the stewarding bit that’s required.

I sit at my desk in the morning, I host of great emails to see I then check my screen, but it’s empty and clean Because no one’s responded to me!

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

I wish I could knit a new room steward To be in the rooms and to chat But me, I can’t knit, not even a bit And so that puts the kibosh on that!

We ARE now recruiting new room stewards But they are not starting just yet So soon I can tell that our numbers will swell But our rotas are still under threat.

Can you spare us some time as a room steward? My face will just light up, with glee I will stop writing rhyme, ‘cos it’s really a crime So send now, your email, to me!

Training and mentoring – 931 hours of training were completed

Fundraising – 4195 hours were contributed by fundraising volunteers – selling our bespoke items such as slate clocks, limited edition prints etc.

Crafting – 1643 hours were contributed by our crafting team, creating bespoke items to sell.

Retail - the shop continues to do well with volunteers contributing 3440 hours.

Gardens – all three gardening teams continue to thrive and contributed 7455 hours to the gardens.

Artworks – in addition Artworks contributed 1498 hours to the gardens.

Maintenance – 2339 hours were given by the maintenance volunteers, helping with general maintenance in the house as well as specialist tasks such as key making and brass restoration.

Visitor Welcome - our wonderful front of house volunteers continued to weave their magic and offer our warm Yorkshire welcome, giving us 3782 hours.

Catering and Hospitality – volunteers gave 1408 hours across café welcome, hospitality for groups and afternoon tea support.

Room stewards – 8912 hours were spent looking after the house and sharing our story with our visitors.

Christmas – 3241 hours were dedicated to supporting our popular Christmas offer.

Housekeeping – volunteers gave 1778 hours supporting the cleaning of the house.

Digital Team – 3446 hours were given.

Thousands of hours were given to other tasks, including litter picking, events, archives and research, tour support, facilities, weddings, clearance, admin support and corporate social responsibility (CSR) days.

The Wentworth Woodhouse Preservation Trust has long acknowledged that the huge teams of people, both staff and volunteers, who give tirelessly for the success of the house, are its most precious asset. With the endless support and boundless enthusiasm of our amazing team of volunteers, we continue to bring magic to the people of Rotherham, South Yorkshire and beyond, providing a shining beacon of positivity, kindness and hope.

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Digital

It has been another incredible year for the Wentworth Woodhouse Digital Team. We’ve increased the number of team members, and the age range of the digital volunteers now spans three generations.

In 2024, the Wentworth Woodhouse YouTube channel became revenue generating. By simply watching the videos that the team create, viewers are helping to raise much needed funds through the advertising revenue that our videos secure through the channel.

We’ve also been working hard to ensure that all our 300+ videos are fully optimised, so that the YouTube algorithms are triggered to promote our content to new audiences. Our video covering the life of Bonnie Wilson, who worked as a Steward’s Room Boy at Wentworth Woodhouse in the early 20[th] Century, attracted over 32,000 views, secured almost 200 new subscribers to our channel and generated over £100 in revenue. This is the model that we’re seeking to replicate across the whole of our output. You can see the video here: https://youtu.be/hij0a2XsnWI

We have a new group within the Digital Team, called the Yellow Griffins. This group, all in their 20’s, have come to us as volunteers through the digital education programmes that we’ve run as part of our involvement with the 2025 Rotherham Children’s Capital of Culture (CCoC) Programme. A recent example of their work can be seen in the video they made about the statue of Antinous, to the left of the main staircase at Wentworth Woodhouse: https://youtu.be/-VZ2aBH6TQg

In July and August 2024, we were delighted to run our first ever Filmmakers Summer Camps for 8 – 11-yearolds. They were designed by Tom Marshall, who undertook the training of our volunteer Digital Team and all our CCoC Programmes. We’re delighted that the Camps were run by people who have been involved with the CCoC training programmes at Wentworth Woodhouse since 2022, with support from the wider volunteer team. The Camps were a huge success with both the children that attended, and their parents and guardians. The pilot programmes involved almost 30 children. In September, we’ll complete the evaluation of the Camps and we’re hoping that they might become a regular feature of our offer at the House. You can see some of the ‘Behind the Scenes’ footage from the second Camp here: https://youtu.be/p3OpAwt64yQ

Marketing

Throughout 2023/24 our marketing tagline for the year has been ‘Big House, Bigger Ideas’ to encapsulate our desire to do things differently, as well as the scale of our plans for the future of the site.

Since 2021, the Marketing Team have focused on implementing a bespoke brand growth and engagement strategy which has resulted in an increase in visitor numbers by 212% in two years (to over 120,000 in 2023!) The main focus of the Marketing Team throughout 2023/24 was not only to continue growing visitor numbers and improving brand awareness, but to create multiple bespoke marketing communications campaigns to support the upcoming exhibitions, large-scale events and fundraising campaigns… as well as the opening of the highly anticipated Camellia House.

Campaigns

The team successfully delivered creative, cross-channel marketing campaigns and designed interpretation for the 2023/24 exhibitions programme, including: Grayson Perry | Vanity of Small Differences , On Location | Costume Exhibition , Flora, Fauna & Feasting | Rockingham Pottery Meets Contemporary Craft , and Beneath the Surface | George Stubbs & Contemporary Artists as well as over one hundred events. These exciting campaigns saw everything from branded cupcakes and a giant clapperboard to numerous influencer visits and a feature in Art Fund’s ‘Best Exhibitions in the UK’ e-newsletter. As part of the Grayson Perry campaign, the team had great success with their paid social media advert which gained over 1.5 million impressions – no wonder August 2023 was our busiest month since coming to site.

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TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2024

Christmas 2023 also saw the team busily planning and executing Wentworth Woodhouse’s first out-of-house campaign (featuring billboards on the Sheffield Parkway, Doncaster Train Station and Meadowhall Shopping Centre). Again, this fantastic cross-channel campaign saw the Marketing Team embrace the theme, commissioning local artist, Ellie Fisher, to create campaign artwork which then ran throughout all assets, including the team’s exhibitor stand at the Harrogate Flower Show and even coffee cups! This targeted campaign, consisting of print and digital adverts, influencer visits and organic/paid social media adverts, was a great success and saw A Tale as Old as Time bring in over 16,500 visitors (up 202% on the previous year!) In March 2024, the Marketing Team’s hard work paid off when they were awarded ‘Best Marketing Campaign’ by Sheffield Business School for this campaign – a well-deserved pat on the back for the team!

Early 2024 saw the successful implementation of the Just in Time | North Tower Clock Campaign which aimed to raise £15,000 to repair the historic clock and chimes – a target which was achieved within just one week of the campaign going live!

A film created to celebrate the return of the clock to the House can be seen here: https://youtu.be/pGcirmNwY_I

Another key campaign for the Marketing Team was the opening of the newly restored Camellia House in March 2024. Behind the scenes the team was beavering away to launch this new dining destination, from designing the outlet’s logo and menus, to managing photoshoots and influencer visits, whilst advertising the opening to foodies far and wide. Our collaboration with Yorkshire Food Guide was particularly successful with the joint reel gaining over 200,000 views on Instagram. Such brand collaborations have proven to be a great success, not only in terms of increasing brand awareness, but also increasing followers significantly over the past few years:

A video created to mark the reopening of the Camellia House can be seen here: https://youtu.be/etAXtVrwcAo

Promotions

Throughout the year, the Marketing Team created several competitions and promotions to engage our audience both online and in-person. These giveaways included ‘Festive Fridays’ on Instagram, a #WentToWentworth Photography Competition on site and a Black Diamonds Guided Tour Competition via our e-newsletter (which now has over 25,000 subscribers!) Such promotions not only help to raise the profile of our visitor offer to a wider audience, but keep our followers actively engaged with the work of the Trust.

In addition, to ensure we continue to engage with our local community through our marketing, we also launched ‘South Yorkshire Sundays’ – an incentive which offers free admission to residents of a different South Yorkshire postcode each month. This initiative has proven to be very popular with our local community and has seen over 2,000 visitors take advantage of the promotion over the past year.

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Awards

Over the course of the year, we were delighted to be honoured with several awards. In both 2023 and 2024 we were delighted to, once again, receive Tripadvisor Travellers’ Choice Awards, meaning we are ranked in the top 10% of visitor destinations world-wide for the third year running!

During the year, we were also awarded:

Our marketing activity is further complemented by coverage in local and national press. Examples of some key press coverage of the past year include:

In the spring of 2023, the John Carr 300 project, staged to celebrate the life of architect John Carr of York and connect schoolchildren with architecture, led to media coverage not only in South Yorkshire, but across the regions where participating owners of other John Carr sites are based.

In May 23, we released a press release and video around the generous donation of two mobility scooters from Clark and Partners of Sheffield. In the summer, our Forge A Link Campaign launched with a well-received press release. The campaign produced an ongoing supply of media-friendly human-interest stories featuring members of the public who donated.

Our young Creative Producers Programme gained regional coverage and saw one of the young participants and our Digital Team Head interviewed on BBC Radio Sheffield.

PR for the Grayson Perry: Vanity of Small Differences exhibition resulted in an article in the Yorkshire Post and a follow up feature in the YP’s magazine and was picked up by the Sheffield Star, Rotherham Advertiser, Around Town magazine and other local publications. A Press Association photographer’s shots of the exhibition featured in the Times.

PR for our On Location: Costume Exhibition resulted in staff interviews on BBC Radio Sheffield and a visit from BBC Look North’s star presenter Amy Garcia for a camera piece.

In October, we gained significant positive coverage for Rotherham from the regional media when we invited Sir Nicolas Serota to the launch of our Cultural Strategy and linked with Rotherham projects Gallery Town and FLUX, and the camellia sculpture in Rotherham town centre.

In November, we staged our Fact or Facade event, linking with other stately homes laying claim to the title of ‘the longest facade’. Our PR consultant worked exclusively with BBC Look North to gain live coverage of the finale - the measuring of Wentworth’s East Front. That month, we also gained press coverage with Historic England’s announcement that the Camellia House had been taken off the Heritage at Risk Register.

PR for WWPT’s Christmas 2023 event, A Tale as Old as Time was picked up by regional print and online media and several journalists visited to review the event for their pages.

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

In March 2024, the Sunday Times ran a three-page feature on the work of WWPT.

In April, our most important event of the year, the highly-anticipated opening of the Camellia House, was covered by The Guardian, the Daily Telegraph’s Money & Property pages, ITV main news, regional TV programmes Look North and Calendar, Country Life magazine, Yorkshire Life magazine (which featured a batch of images from our launch event on its social pages), The Yorkshire Post, national gardening publications Garden Weekly, Gardening News, Gardens Illustrated and local radio, print and online media. Trade magazines (including Premier Construction Magazine the Conservation & Heritage Journal) also covered the success of the project, focusing on its green and sustainable features.

This publicity generated interest from the Daily Mail, which sent one of their lead feature writers, Mark Palmer, to Wentworth Woodhouse to tour the Camellia House and the house. The ensuing article and photos featured in a Mail Online article

Later in spring, we made the news through our collaboration with the AMRC team for the digital scanning of our Germanicus statue, and the construction of our Changing Rooms facility with RMBC.

Press releases for our exhibition Flora, Fauna & Feasting: Rockingham Pottery Meets Contemporary Craft , received a warm welcome from regional press, including the Sheffield Star, and a photo feature over several pages in the Yorkshire Post’s Weekend magazine.

In June, Wentworth’s Coal Story exhibition attracted regional online, print, radio and TV coverage. A local family who had loaned their grandfather’s medal for kindness to pit ponies ‘starred’ in this publicity, telling the touching story of how he remained underground in a roof collapse to save his pony. One of our research volunteers took part in some of the interviews.

Other PR ‘wins’ during 2024 range from one of our outdoor theatre events gaining coverage in Yorkshire Life magazine’s What’s On column to a press release for the launch of the Just in Time North Tower Clock fundraising campaign, and a further release announcing the amount had been raised in just two weeks, thanks to a £15,000 donation from a Rotherham grandmother.

Hospitality

The catering and hospitality offer continued to grow with the opening of The Camellia House in March 2024.

The opening event was a great success with lots of positive feedback and media coverage.

The Yorkshire Food Guide

“Wentworth Woodhouse’s historic Camellia House blooms after £5 million restoration From derelict shell on the Heritage at Risk Register to beautifully restored global tea house… A new life has dawned for Wentworth Woodhouse’s Grade II* listed Camellia House”

Country Life

“From smashed glass to smashing teas: The restoration of a 300-year-old glass-roofed teahouse full of historic camellias. The Georgian teahouse at Wentworth Woodhouse has undergone a multi-million-pound restoration which has saved the centuries-old camellias which grow within”

The menu delivers a range of international small plates alongside delicious global teas and has been well received. With views out over the orchard to the Ionic Temple and a menu focused on using fresh, locally sourced ingredients to create delicious flavours, it’s the perfect setting.

The hospitality team is now made up of 8 full, 13 part time, and 24 casual staff. We have a capable team to deliver multiple outlet options daily: Butler's Pantry Café, Camellia House (Fine Dining), Afternoon Tea in the Long Gallery, outdoor food kiosks, our corporate offer, private parties and weddings.

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Butler's Pantry Café has a loyal following, as we continue to introduce seasonal menu changes with high standards of quality and service delivering locally sourced produce as well as a plan to use produce from the Community Garden whenever available.

The production of home-baked products continued. The Butler's Pantry Café has in-house baked products on offer, produced in our kitchens, with the remainder being sourced from small artisan bakers from the South Yorkshire area. We continue to nurture partnerships in contribution to the local economy.

The corporate offer has once again been improved with companies choosing Wentworth Woodhouse as a venue for their away days. The package that aims to combine other House experiences such as tours, garden walks, and break out spaces. The success of the corporate events is based upon flexibility and the team being able to deliver bespoke experiences to the customers.

Private parties continued to grow in popularity having the capacity to offer bespoke room space and menus to suit any occasion. The Afternoon Tea offer continued in a good position with focus in quality, service and cost control. The menus continue to change following the seasons.

Hospitality (F&B) continues to be our fastest growing department, and this is reflected in the increase in sales across the department compared to the same period in 2022/2023.

The Butler’s Pantry Café sales (including the external food kiosks) increased from just over £437,000 to just under £600,000.

The Afternoon Tea offer has remained consistent with income of around £220,000 and our corporate, celebration and private function offer increased from minimal income to over £115,000.

Our thanks go to the team for their valuable input into our hospitality business.

Events and Film Location Hire

The house was closed to the public in April 2023 for the filming of major HBO production ‘The Regime’ starring Kate Winslet and Hugh Grant. This was the only major film contract that took place across the period of this report, this was due in part to the actors and writers’ strikes taking place in the USA which had a knock-on effect in the UK.

The WE Wonder event took place in August 2023, delivered in partnership with Flux Rotherham and supported by Arts Council England. The event was attended by over 1600 visitors and was a celebration of color, culture and fabric, linked to the major Grayson Perry exhibition “The Vanity of Small Differences” that was staged during August in the house. The We Wonder Festival, which is particularly focused on bringing art, music, dance, and theatre to our target groups- the global majority, low-income households and disability groups, is now well established and we hope, will continue to be delivered annually.

We hosted partnership events with Colourscape returning to Wentworth Woodhouse in May 2023 allowing visitors to experience a world of colour and light. We held our first ever VW event with camping in the gardens and hosted a series of low-key musical events on Sundays across the summer.

We also presented our first panel discussion event ‘A Question of Wentworth’ hosted by a panel of experts, inviting visitors to ask questions about the history and myths of the house.

The Wentworth by Candlelight tours that were established last year as a fundraising activity, were programmed as part of our annual events calendar this year, with a Candlelight Plus offer also created, allowing visitors to experience Wentworth late at night. The Wentworth Music Festival has been part of the events programme throughout WWPT’s ownership of the site, but the 2023 festival was the last to be hosted here, we wish Toby, Steve and the festival crew all the very best.

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

This year we made our biggest investment to date in the events programme as we brought the Christmas house offer in-house, and working in partnership with North Star, developed a light trail offer in the gardens. The production ‘A Tale as Old as Time’ invited visitors to experience the house as an overgrown, abandoned fairy tale mansion that led them out into the magical light trail experience in the West Front Gardens. The house experience was developed and delivered entirely by staff and volunteers and was extremely well received by visitors. The investment in the Christmas offers certainly paid off with 16,500 visitors attending, by far our biggest audience to date. We hope to build on this in future, extending our Christmas offer and adding other major seasonal events. Our sincere thanks go to all the staff and volunteers involved, particularly our Events team.

Saying Goodbye and Welcoming New Faces

Sadly, over the course of the year, we said goodbye to a few familiar faces: Andrew Jones, from the front of house desk and one of our longest serving members of staff, moved on to married life and pastures new; Linda Purvis, also from reception retired and Rachel Savage left the events team to take up a new position at The Kirkwood. Our best wishes and thanks go with them all.

A very special thanks must go to Julie Readman. Julie joined the Trust in early 2017 just as WWPT was taking ownership of the site. She committed to step out of her newly relished retirement and to work for just 6 months as an interim CEO whilst the Trust became established and recruited a permanent executive to take the lead.

Julie was persuaded to stay on “just a little longer” to support the maintenance and capital works programmes. Seven years later she has finally hung up her pink hard hat and has retired, though she is staying on as an advisor on a one day a week basis. The site simply would not be where it is today without her and her incredible commitment to making Wentworth a success. Her work, both paid and many, many hours of volunteering, does not go unrecognized. We wish her and her husband Steve many years of happy, stress-free retirement! A video about Julie’s time at the House can be seen here: https://youtu.be/gBeXIQRYK6Y

Welcoming new faces to the team is always a pleasure and this year Rosie Frisby joined the Marketing team in May along with Ryoko Fujiya, a welcome addition to our Finance team. Carole Foster joined as a Fundraising Manager in October, and Julia Murray at the end of the financial year to host the newly opened Camellia House.

Given the sheer scale of the project now, and the incredible rate at which the business is growing, this year WWPT introduced a new Senior Leadership Team to support the CEO with the challenges ahead.

Simon Gill took over from Julie Readman as the full time Head of Heritage (Buildings and Landscapes). Simon was part of the team that built the research stations on Antarctica before moving into his heritage specialism. Victoria Ryves, our new Head of Culture and Engagement joined us in October from Doncaster Council and is already making considerable impact with the exhibitions programming (see page 11) and Creative Health work. Both posts are funded through grants gratefully received from the National Lottery Heritage Fund (NLHF) and the South Yorkshire Mayoral Combined Authority (SYMCA).

Dean Borrington joined us as the Chief Operating Officer in February 24 and is responsible for the day to day running of the site, allowing the CEO time to deal with funding applications and external relationships. Dean and his fellow colleagues bring a wonderful new energy and enthusiasm to the site, and we look forward to seeing the impact of their work in the coming years.

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TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Special Guests

We were very fortunate to welcome several special guests this year, from near and far. In July 2023 we were visited by NASA Apollo Commander David Scott and his wife Margaret Black-Scott. David was the 7[th] human to walk on the moon and flew on Gemini 8, Apollo 9, and was Spacecraft Commander on Apollo 15. Margaret, originally from Rotherham, returned to South Yorkshire from her adopted home in the US, for the first time in over 60 years. Margaret also had a hugely successful career at Morgan Stanley Bank. David and Margaret have become firm supporters of Wentworth Woodhouse, and we look forward to seeing them again later in 2024.

In October Sir Nicolas Serota, Chair of Arts Council England, launched our new Cultural Strategy at a special event at the Mansion. To celebrate we wrapped the pillars on the portico with an artwork by Patrick Murphy, displaying the six statements that underpin our strategy:

We are Bold We are Nurturing We are Industrious We are Curious We are Custodians WE ARE ROTHERHAM

The strategy is a powerful and ambitious document, setting out our plans for delivering a world class range of cultural activity over the coming decade. This, along with the Masterplan A New Life 2018, and the Wentworth Woodhouse Landscape Masterplan, provides a suite of documents that focus our direction of travel for the creation of an international cultural destination of choice for future generations.

In November 2023 we welcomed our peers from Hopetoun House in Scotland and Stowe House Preservation Trust in Buckinghamshire. Both sites, like Wentworth Woodhouse, have been led to believe they have the longest façade in the UK, so our digital team decided it was time to put the question to the test. With the help of the Chair of Donald Insall (specialist conservation architects) Tony Barton and his trundle wheel, the team set out to film all three sites being measured and created fascinating documentaries about the history and modern-day uses of each site. The grand reveal took place at Wentworth Woodhouse on 3[rd] November with Look North filming the result for the tv news that night.

The outcome? Well, it can be seen here: https://youtu.be/DdMN1wrF7uc

Fundraising

This year, WWPT Chair, Dame Julie Kenny, became only the second female Master Cutler of Hallamshire, since the role was created over 400 years ago.

Each year the Master Cutler nominates a charity to be the recipient of funds from the Master Cutler Challenge and Julie chose Wentworth Woodhouse to be her charity of choice for her year in office. More specifically, she launched her Master Cutler Challenge to raise vital funds for the Education, Community, and Cultural programmes at Wentworth, uniting hundreds of individuals and businesses from across South Yorkshire, to participate in a variety of fun ways.

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Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

The campaign raised an impressive £235,000 and was the biggest fundraising campaign WWPT has been involved with to date. We are grateful to all who participated, too many to mention all by name but special thanks must go to the following:

And everybody else who worked so hard to help make the Master Cutler Challenge a huge success.

Our thanks also go to Dean Borrington who donated months of volunteer time to the campaign, Charlotte Kenny and Alex Gardener for keeping it all on track and making sure motivation levels were kept high!!

It was an incredible campaign with a terrific final fundraised total, none of which would be possible without our wonderful Chair Dame Julie Kenny DBE DL. to whom we are eternally grateful.

In addition to the Master Cutler Campaign, over the course of the year, we held over 60 other fundraising events, each contributing to our cause. These included:

Our premier fundraising event, the Black Diamonds Ball, was also a major success, attracting 196 attendees and raising a total of £57,558. We extend our deepest gratitude to our dedicated Chair, Dame Julie Kenny DBE DL, whose leadership was instrumental in making this event possible.

Our fundraising stand continued to offer a variety of items, many of which were recycled from the House. We’re thankful to everyone involved in creating our range of products, including slate clocks, keyrings, balusters from the roof and Camellia House that were repurposed, as well as framed images of the house, tea light holders, and charcuterie boards.

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Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

During the period from April 2023 to March 2024 the Trust attracted £390,650 through fundraising activities of which £191,089 was restricted.

The Trust is not currently part of a voluntary scheme for regulating but, as we expand our fundraising activities, we will look to join a scheme. We have not received any complaints with regards to our fundraising. As part of our commitment to treat all our donors fairly, we ensure that we do not unreasonably intrude on a person’s privacy; that no-one is unduly pressured to donate; and that we do not undertake unreasonably persistent approaches for the purposes of soliciting or otherwise procuring money or property. If any of our current donors wish to stop giving, we will respect their decision. The needs of people in vulnerable circumstances are also recognised and acknowledged.

Funding Awarded or Pledged Since April 2024

Please note, for some of these grants the monies will be received post year end.

Rachel Walker Charitable Foundation £ 250,000
Earl Fitzwilliam Charitable Trust £ 25,000
Worshipful Company of Clockmakers £ 2,500
Rachel Walker Charitable Foundation £ 225,000
Lord Faringdon Charitable Trust £ 25,000
John R Murray Trust £ 50,000 (pledged awaiting funds)
UK Shared Prosperity Fund £ 394,000 (pledged awaiting contract)
Historic England £ 528,475 (pledged awaiting contract)
National Archives £ 5,000
Arts Council England (Stubbs) £ 29,972
Rotherham Metropolitan Borough Council (AIR) £ 1,000
Arts Council England (We Wonder 24) £ 29,988
Rotherham Metropolitan Borough Council (Film School) £ 3,070
Elizabeth Cayzer Charitable Trust £ 30,000 (£20,000 received and £10,000
pledged)
The George Cadbury Trust £ 10,000

Financial Matters

Financial Review

The financial statements, set out on pages 34 to 60 give details of the charity’s funds and how these have been applied during the year.

Total income amounted to £7,242,339 (2023: £6,036,882). Included in total income is unrestricted income of £2,316,573 (2023: £2,093,948). This is an increase of 10.6% compared to prior year. Despite a substantial fall in filming revenues, the overall growth was boosted by higher visitor numbers than previous years, increased hospitality revenues, and income from our new in-house Christmas event.

Total expenditure was £7,259,707 (2023: £6,009,103) resulting in net expenditure of £17,368 (2023: net surplus of £27,779). It should be noted that this figure includes expenditure on the capital works programme. Unrestricted expenditure was £2,567,717 (2023: £2,095,893). This is an increase of 22.5% compared to prior year. This was driven by an above inflation increase in core costs such as energy, insurance and minimum wage rates. Unfortunately, this has led to a deficit of £272,257 on the unrestricted funds this year. Restricted funds have increased this year as a result of grant monies having been received but not yet spent.

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Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

As at 31 March 2024, funds totalled £9,181,702 (2023: £9,199,070) of which £258,871 (2023: £531,128) were unrestricted funds, £1,110,405 (2023: £885,516) were restricted funds and £7,812,426 (2023: £7,782,426) were endowment funds. The fall in unrestricted funds is as a result of the above mentioned operating loss for the year.

It should be noted that £7,347,436 of the value of the endowment is not cash but relates to the value of the built asset and associated heritage assets.

Going Concern

The Trust reported an unrestricted deficit of £272,257 for the year ending 31 March 2024, with free reserves amounting to £157,239 as of the same date. In response to these results, the trustees have conducted a thorough review of the detailed income and expenditure forecasts up to 31 March 2026. The latest budget for the year ending 31 March 2025 forecasts total income of £3.51 million and costs of £3.50 million, resulting in an expected surplus of £12k. Included in this income is unsecured grant funding of £38,000. For the year ending 31 March 2026, the draft budget anticipates total income of £3.88 million and costs of £3.85 million, resulting in a projected surplus of £30k. Included in the forecasts to 31 March 2026 is income which is unsecured totalling £445,000.

The extent of required income which is still to be secured for the year to 31 March 2026 indicates the existence of a material uncertainty which may cast significant doubt on the group's and parent charitable company's ability to continue as a going concern. However, the charity is actively engaging with funders and prioritising income generation and stringent cost management. The trustees remain confident in the charity's ability to secure the necessary income, supported by positive feedback from funders. This confidence underpins the trustees' belief that the charity will maintain sufficient resources to continue its operations for the foreseeable future. For these reasons, the directors are confident that the organisation has sufficient resources to continue operating for the foreseeable future and have prepared the financial statements on a going concern basis.

Consequently, the financial statements have been prepared on a going concern basis and do not include the adjustments that would result if the group and parent charitable company was unable to continue as a going concern.

Principal Risks & Uncertainties

The Trustees have a risk management strategy which comprises:

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

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Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Risk 1

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

Remedial Action

Risks to revenue have arisen because of the ongoing cost of living crisis and a lack of filming income, negatively impacting our income over the year. In addition, inflationary increases have adversely affected our cost base. ‑ However, the mix of commitments from charitable sources and commercial income from several on going and proven streams, for which conservative assumptions have been made, provide a robust basis and substantially mitigate the risk.

We continue to seek charitable donations, engage the public, charities and seek to develop an active fundraising strategy. Our new Senior Leadership team bring with them expertise and we are already seeing the positive impact our new exhibition programme brings by attracting new visitors. The new COO is seeking to improve our cost base, increase sales levels and improve margins.

Each departmental head is working to a business plan and budget to maximise opportunities for income generation. Financial reporting continues to be received, and monitoring of the financials carried out, by the Finance, Staffing and Audit Committee.

Risk 2

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

Remedial Action

An experienced fundraising CEO and an influential Board of Trustees are in place. The Trust has good existing relationships with funders. A high number of volunteers are included in fundraising activities.

However, the fundraising target is very high for the year ahead and all staff have been tasked with trying to generate as much income as possible through fundraising efforts. The Trust ensures donations can be easily received by way of onsite donation boxes, QR code signs and JustGiving.

Risk 3

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

Remedial Action

The Trustees ensure regular financial monitoring with monthly cashflows and management accounts being produced. The new Senior Leadership Team provide a much-needed resource, required to grow the business and improve income levels into the business.

The Trust has a strong mix of Trustees with commercial, heritage and banking backgrounds. Cash flow is critical, and discussions are underway with Government bodies, funders and donors to explore ways in which the Trust might trade more comfortably over the next 4-5 years until the next phase of major works is completed.

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Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Risk 4

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

Remedial Action

The Trust has implemented stringent financial controls and procedures. Approval thresholds are in place for all ‑ payments, and all payments require two signatures. An anti money laundering policy is in place and client identification required for all transactions over £10k in value. Bank mandate and financial controls are reviewed annually.

Risk 5

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

Remedial Action

Pricing increases have been introduced. A new targeted approach to marketing is being considered. The exhibition programme is attracting new audiences and increases in visitor numbers.

Reserves Policy

The Trustees have considered the reserves held by the Trust as at 31 March 2024. The Trust needs reserves to enable it to develop its long term aims as well as ensuring the continuation of current activities. As at 31 March 2024, the Trust held reserves totalling £9,181,702 of which £7,812,426 were held in endowment funds, £1,110,405 were held in restricted funds and £258,872 were held in unrestricted funds. Free reserves as at 31 March 2024 totalled £157,240 (2023: £426,914). It is the Trustees’ ambition to hold free reserves in cash or in grant offers awarded but not yet received, which will be sufficient to cover six months of its unrestricted operating costs, which currently equate to £1,300,000. The Trustees are conscious of the use this year of our reserves as a result of above mentioned challenges with income and expenditure. Trustees are confident of a recovery plan that will rebuild reserves to target levels within the next four - five years.

Plans for Future Periods

The year ahead is not without risk. Whilst on the one hand we are a fast-growing business with ambitious ideas and a huge level of support, on the other the ever-increasing cost base of running such a huge site makes life very challenging for us all.

We are limited by a lack of usable space. This may seem ridiculous given the size of the site, but much of the house and almost all the Stables is semi-derelict and not fit for purpose. The only solution is to push on with further capital development of the site, providing us with more trading space and an all-weather facility for events, to help us to become a self-sustaining business. This comes at a cost and over the coming months we shall be making multiple applications for major funding to take the whole operation at Wentworth Woodhouse to another level. In addition to the capital bids, we are already someway down the track with a variety of cultural activity-based bids and we hope to see new and exciting partnerships forming in the coming months.

There is much to look forward to. In 2025 Rotherham will become the world’s first Children’s Capital of Culture, and Wentworth Woodhouse will play a key role in delivering a fascinating array of activities targeted at, and co-created with, young people.

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Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

In July of 2025, we shall welcome the RHS Flower Show. This will be the biggest event we have held at Wentworth, and we hope to see it return every three years, bringing up to 15,000 visitors a day to the site and to the wider Rotherham and Barnsley area.

In September of 2024 a BBC documentary, Our People, Our Yorkshire Stately Home, will be aired on BBC1, further raising the profile of the site and of the fantastic work of our staff and volunteers.

Our fan base across the world is growing thanks to our digital team and our dedicated volunteers in the USA. We still have such a huge mountain to climb but each year our numbers grow, and our impact is more widely felt. Continued support from our donors and funders had never been more needed or appreciated and we hope to achieve even greater things in 24/25.

Public Benefit Statement

The Trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. Details of the activities carried out to deliver the public benefit are set out in the Achievements and Performance section above.

Structure, governance and management

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

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

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

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

Key management personnel remuneration policy

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

Third party indemnity provisions

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

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Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Trustees' responsibility statement

The trustees (who are also directors of Wentworth Woodhouse Preservation Trust for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under company law, the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

In so far as the trustees are aware;

In approving the trustees’ report, we also approve the strategic report included therein, in our capacity as company directors.

10/12/2024 GMT

This report was approved by the trustees, on and signed on their behalf by:

Jolie Kermup

Signer ID: G78NT4FVKO...

Dame Julie Ann Kenny DBE DL Chair

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Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF WENTWORTH WOODHOUSE PRESERVATION TRUST (CONTINUED)

Opinion

We have audited the financial statements of Wentworth Woodhouse Preservation Trust (the ‘parent charitable company’) and its subsidiaries (the 'group') for the year ended 31 March 2024, which comprise the consolidated statement of financial activities, the consolidated balance sheet, the company balance sheet, the consolidated statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

The trustees have conducted a thorough review of the detailed income and expenditure forecasts up to 31 March 2026. These projections include approximately £500k in unsecured income for the period. As of 31 March 2024, the charity's free reserves stand at £157,239. The charity is actively engaging with funders and prioritising income generation and stringent cost management. The trustees remain confident in the charity's ability to secure the necessary income, supported by positive feedback from funders. This confidence underpins the trustees' belief that the charity will maintain sufficient resources to continue its operations for the foreseeable future. Consequently, the financial statements have been prepared on a going concern basis.

We draw attention to note 2.2 in the financial statements which indicates the events and conditions that may cast significant doubt on the group's ability to continue as a going concern. As stated in note 2.2, these events or conditions, indicate that a material uncertainty exists.

In forming our opinion, which is not modified, we have considered the adequacy of the disclosures made in note 2.2 of the financial statements concerning the group and parent charitable company's ability to continue as a going concern.

The group incurred an unrestricted deficit of £272k during the year ended 31 March 2024 and at that date has free reserves of £157k. These conditions along with the other matters explained in note 2.2 to the financial statements indicate the existence of a material uncertainty which may cast significant doubt on the group's and parent charitable company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the group and parent charitable company was unable to continue as a going concern.

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Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF WENTWORTH WOODHOUSE PRESERVATION TRUST (CONTINUED)

Other information

The other information comprises the information included in the trustees' report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so,

consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

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Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF WENTWORTH WOODHOUSE PRESERVATION TRUST (CONTINUED)

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the parent charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion.

Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We assessed the susceptibility of the group’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by;

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Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF WENTWORTH WOODHOUSE PRESERVATION TRUST (CONTINUED)

To address the risks of fraud through management bias and override controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions 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 occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the FRC's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

BHP LLP

Signer ID: WKOLTHN6RI...

Rachel Heath (Senior statutory auditor)

for and on behalf of

BHP LLP

Chartered Accountants Statutory Auditor 2 Rutland Park Sheffield S10 2PD

Date: 10/12/2024 GMT

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Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 MARCH 2024

Note
Income and
endowments from:
Donations and
legacies
4
Charitable activities
5
Oher trading
activities
6
Investments
7
Total income and
endowments
Expenditure on:
Raising funds
8
Charitable activities
9
Total expenditure
Net income /
(expenditure)
Transfers between
funds
21
Net movement in
funds
Reconciliation of
funds:
Total funds brought
forward
Net movement in
funds
Total funds carried
forward
21		 Unrestricted
funds
2024
£
174,070
394,350
1,740,601
7,552
2,316,573
1,415,986
1,151,731
2,567,717
(251,144)
(21,113)
(272,257)
531,128
(272,257)
258,871		 Restricted
funds
2024
£
4,925,766
-
-
-
4,925,766
47,925
4,644,065
4,691,990
233,776
(8,887)
224,889
885,516
224,889
1,110,405		 Endowment
funds
2024
£
-
-
-
-
-
-
-
-
-
30,000
30,000
7,782,426
30,000
7,812,426		 Total
funds
2024
£
5,099,836
394,350
1,740,601
7,552
7,242,339
1,463,911
5,795,796
7,259,707
(17,368)
-
(17,368)
9,199,070
(17,368)
9,181,702		 Total
funds
2023
£
4,044,365
334,354
1,655,682
2,481
6,036,882
1,176,037
4,833,066
6,009,103
27,779
-
27,779
9,171,291
27,779
9,199,070

The Consolidated Statement of Financial Activities complies with the requirements for an income and expenditure account under the Companies Act 2006 and includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

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Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

CONSOLIDATED BALANCE SHEET

AS AT 31 MARCH 2024

2024 2023
Note £ £
Fixed assets
Tangible assets 14 156,236 169,964
Heritage assets 15 7,842,426 7,842,426
7,998,662 8,012,390
Current assets
Stocks 16 83,895 58,844
Debtors 17 781,768 831,260
Current asset investments 18 235,279 -
Cash at bank and in hand 1,338,116 1,354,601
2,439,058 2,244,705
Creditors: amounts falling due within
one year		 19 (1,242,685) (1,004,692)
Net current assets 1,196,373 1,240,013
Total assets less current liabilities 9,195,035 9,252,403
Creditors: amounts falling due after
more than one year		 20 (13,333) (53,333)
Total net assets 9,181,702 9,199,070
Charity Funds
Endowment funds 21 7,812,426 7,782,426
Restricted funds 21 1,110,405 885,516
Unrestricted funds 21 258,871 531,128
Total funds 9,181,702 9,199,070

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 authorized for issue by the Trustees and signed on their behalf by:

Julie Kerrup

Signer ID: G78NT4FVKO... Dame Julie Ann Kenny DBE DL

Date: 10/12/2024 GMT

The notes on pages 38 to 60 form part of these financial statements

35

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

COMPANY BALANCE SHEET

AS AT 31 MARCH 2024

2024 2023
Note £ £
Fixed assets
Tangible assets 14 131,237 134,165
Heritage assets 15 7,842,426 7,842,426
7,973,663 7,976,591
Current assets
Stocks 16 2,543 2,543
Debtors 17 766,326 687,164
Current asset investments 18 235,279 -
Cash at bank and in hand 1,314,195 983,865
2,318,343 1,673,572
Creditors: amounts falling due within
one year		 19 (1,306,184) (788,661)
Net current assets 1,012,159 884,911
Total assets less current liabilities 8,985,822 8,861,502
Creditors: amounts falling due after
more than one year		 20 - (30,000)
Total net assets 8,985,822 8,831,502
Charity Funds
Endowment funds 21 7,812,426 7,782,426
Restricted funds 21 1,110,405 885,516
Unrestricted funds 21 62,991 163,560
Total funds 8,985,822 8,831,502

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 £154,310 (2023 - £(298,464)).

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect of accounting records and preparation of financial statements.

The financial statements were approved and authorized for issue by the Trustees and signed on their behalf by:

Julie Kersyp

Signer ID: G78NT4FVKO...

Dame Julie Ann Kenny DBE DL

Date: 10/12/2024 GMT

The notes on pages 38 to 60 form part of these financial statements.

36

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

Note
Cashflows from operating activities
Net cash used in operating activities
24
Cash flows from investing activities
Bank interest
Purchase of tangible fixed assets
Sale of tangible fixed assets
Purchase of heritage assets
Net cash used in investing activities
Cash flows from financing activities
Repayment of borrowing
Net cash used in financing activities
Change in cash and cash equivalent in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Cash and cash equivalents consist of:
Cash at bank and in hand
Short term deposits (included in current asset investments
Cash and cash equivalents
25		 2024
£
301,296
7,552
(57,054)
7,000
(30,000)
(72,502)
(10,000)
(10,000)
218,794
1,354,601
1,573,395
1,338,116
235,279
1,573,395		 2023
£
(511,623)
2,481
(36,567)
-
(15,000)
(49,086)
(10,000)
(10,000)
(570,709)
1,925,310
1,354,601
1,354,601
-
1,354,601

37

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. General information

Wentworth Woodhouse Preservation Trust is a registered charity and company in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are detailed in the trustees' report.

2. Accounting policies

2.1 Basis of preparation of financial statements

The Trust constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Wentworth Woodhouse Preservation Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The consolidated statement of financial activities (SOFA) and consolidated balance sheet consolidate the financial statements of the charity and its wholly owned subsidiary undertaking Wentworth Woodhouse Trading Limited, on a line by line basis.

The group has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own statement of financial activities in these financial statements.

2.2 Going concern

The Trust reported an unrestricted deficit of £272,257 for the year ending 31 March 2024, with free reserves amounting to £157,239 as of the same date. In response to these results, the trustees have conducted a thorough review of the detailed income and expenditure forecasts up to 31 March 2026. The latest budget for the year ending 31 March 2025 forecasts total income of £3.51 million and costs of £3.50 million, resulting in an expected surplus of £12k. Included in this income is unsecured grant funding of £38,000. For the year ending 31 March 2026, the draft budget anticipates total income of £3.88 million and costs of £3.85 million, resulting in a projected surplus of £30k. Included in the forecasts to 31 March 2026 is income which is unsecured totalling £445,000.

The extent of required income which is still to be secured for the year to 31 March 2026 indicates the existence of a material uncertainty which may cast significant doubt on the group's and parent charitable company's ability to continue as a going concern. However, the charity is actively engaging with funders and prioritising income generation and stringent cost management. The trustees remain confident in the charity's ability to secure the necessary income, supported by positive feedback from funders. This confidence underpins the trustees' belief that the charity will maintain sufficient resources to continue its operations for the foreseeable future. For these reasons, the directors are confident that the organisation has sufficient resources to continue operating for the foreseeable future and have prepared the financial statements on a going concern basis.

38

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Consequently, the financial statements have been prepared on a going concern basis and do not include the adjustments that would result if the group and parent charitable company was unable to continue as a going concern.

2.3 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilments of those conditions is within the control of the charity and it is probable that they will be fulfilled. No amounts are included in the financial statements for services donated by volunteers.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

The charity receives grant funding, which is recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received, and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Raising funds comprise the costs of fundraising activity and direct costs of trading.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Charitable activities include the costs of activities undertaken to further the purposes of the charity and shared costs recharged to the trading company.

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

39

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £2,000 or more are capitalised, unless part of a larger project.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the consolidated statement of financial activities incorporating income and expenditure account.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.

Depreciation is provided on the following bases:

Plant and machinery - 33% reducing balance
Fixtures and fittings - 33% reducing balance
Office equipment - 33% reducing balance

2.6 Heritage assets

Heritage assets are recognised on the balance sheet and initially measured at cost when purchased or if donated, their valuation. Assets are subsequently stated at cost or valuation less accumulated depreciation and accumulated impairment losses.

Heritage assets are not depreciated because the building is currently being reconstructed.

2.7 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

40

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated statement of financial activities as a finance cost.

2.11 Financial instruments

The group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of 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 specific restrictions imposed by donors or which have been raised by the group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Endowment funds represent those assets which must be held permanently by the charity, principally the listed structures at Wentworth Woodhouse, which include the Mansion and its historic contents, the stables, the Camellia House, the Ionic Temple and 83 acres of historic landscape. All of these assets are classified as heritage assets. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the investments form part of the fund.

2.13 Employee benefits

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The charity operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

41

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

2.14 Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

3. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.

Support costs which relate to more than one charitable activity are allocated to those activities based on an assessment criteria of percentage of total income.

4. Income from donations and legacies

Donations
Grants
Total
Total 2023		 Unrestricted
funds
2024
£
172,318
1,752
174,070
101,431		 Restricted
funds
2024
£
94,996
4,830,770
4,925,766
3,942,934		 Total funds
2024
£
267,314
4,832,522
5,099,836
4,044,365		 Total funds
2023
£
239,201
3,805,164
4,044,365

5. Income from charitable activities

Visitor operations
Commercial and residential rents
Total
Total 2023		 Unrestricted
funds
2024
£
394,350
-
394,350
334,354		 Total
funds
2024
£
394,350
-
394,350
334,354		 Total
funds
2023
£
328,305
6,049
334,354

42

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

6. Income from other trading activities

Income from non-charitable trading activities

Wentworth Woodhouse Trading Limited
Miscellaneous income
Total
Total 2023
vestment income
Bank Interest
Total
Total 2023		 Unrestricted
funds
2024
£
1,682,181
58,420
1,740,601
1,655,682
Unrestricted
funds
2024
£
7,552
7,552
2,481		 Total
funds
2024
£
1,682,181
58,420
1,740,601
1,655,682
Total
funds
2024
£
7,552
7,552
2,481		 Total
funds
2023
£
1,589,067
66,615
1,655,682
Total
funds
2023
£
2,481
2,481

7. Investment income

43

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

8. Raising funds

Public and private events
Depreciation
Wentworth Woodhouse Trading Limited
– direct costs
Total
Total 2023		 Direct
costs
2024
£
228,074
-
1,195,816
1,423,980
1,130,779		 Support
costs
2024
£
18,532
4,650
16,839
40,021
45,258		 Total
funds
2024
£
246,606
4,650
1,212,655
1,463,911
1,176,037		 Total
funds
2023
£
201,006
2,108
972,923
1,176,037

Of the expenditure on raising funds, £47,925 (2023: £25,131) was attributable to restricted funds.

Shared costs that have been allocated to the trading company totaling £322,052 (2023: £289,901) are within charitable activities (note 9).

9. Analysis of charitable expenditure by activities

Visitor operations
Restoration, conservation & site
management
Total
Total 2023		 Activities
undertaken
directly
2024
£
358,149
5,183,554
5,541,703
4,523,754		 Support
costs
2024
£
6,534
247,559
254,093
309,312		 Total
funds
2024
£
364,683
5,431,113
5,795,796
4,833,066		 Total
funds
2023
£
295,910
4,537,156
4,833,066

£4,644,065 (2023: £3,888,079) of the above costs were attributable to restricted funds. £1,151,731 (2023: £944,605) of the above costs were attributable to unrestricted funds.

44

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

10. Support costs

Governance (note
11)
IT and office costs
Staff costs
Depreciation
Total
Total 2023		 Fundraising
expenses
£
5,422
3,121
14,410
17,068
40,021
45,258		 Visitor
operations
£
1,059
2,022
10,734
3,453
17,268
24,622		 Restoration,
conservation
& site
management
£
14,530
27,734
147,211
47,350
236,825
284,690		 Total
funds
2024
£
21,011
32,877
172,355
67,871
294,114
354,570		 Total
funds
2023
£
33,432
52,074
196,766
72,298
354,570

Support costs are allocated on the basis of a % of income activity.

11. Governance costs

Audit and accountancy fees
Legal fees
Professional fees
Total
12.
Net income / (expenditure)
This is stated after charging:
Depreciation of tangible fixed assets owned by the charitable group
Auditor’s remuneration – audit
Auditor’s remuneration – other services
Profit on disposal of asset		 2024
£
13,230
-
7,781
21,011
2024
£
67,875
12,000
1,230
4,093		 2023
£
21,133
7,199
5,100
33,432
2023
£
72,835
15,800
5,333
-

45

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

13. Staff costs

Wages and salaries
Social security costs
Other pension costs
Total		 Group
2024
£
1,460,013
106,196
36,064
1,602,273		 Group
2023
£
1,165,725
89,510
29,307
1,284,542		 Company
2024
£
1,460,013
106,196
36,064
1,602,273		 Company
2024
£
1,165,725
89,510
29,307
1,284,542

The average number of persons employed by the company during the year was as follows:

Fundraising
Catering
Visitor operations & retail
Events & filming
Facilities
Other
Total		 Group
2024
£
3
40
22
4
16
17
102		 Group
2023
£
3
36
20
4
15
12
90

The number of employees who employee benefits (excluding employer pension costs) exceeded £60,000 was:

Group Group
2024 2023
£ £
In the band £80,001 - £90,000 1 1

The key management personnel of Wentworth Woodhouse Preservation Trust comprise the CEO, the COO, Head of Heritage and Head of Culture. Their total emoluments earned as employees of Wentworth Woodhouse Preservation Trust, including employer national insurance and pension contributions totals £152,941 (2023: £177,061).

Please refer to page 28 of the Trustees’ Annual Report for details on how executive pay is set.

Wentworth Woodhouse Preservation Trust receives a substantial amount of support an expertise from volunteers. The work undertaken by this significant number of volunteers (including Trustees time), when expressed as a monetary value for 2023/24, is £658,275 (2022/23: £604,156). This amount is not reflected in the Statement of Financial Activities.

46

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

14. Tangible fixed assets

Group

Cost
At 1 April 2023
Additions
Disposals
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
Disposals
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Plant and
machinery
£
200,746
15,240
(9,995)
205,991
110,188
31,903
(7,088)
135,003
70,988
90,558		 Fixtures and
fittings
£
129,620
34,143
-
163,763
82,164
24,646
-
106,810
56,953
47,456		 Office
Equipment
£
106,933
7,671
-
114,604
74,983
11,326
-
86,309
28,295
31,950		 Total
£
437,299
57,054
(9,995)
484,358
267,335
67,875
(7,088)
328,122
156,236
169,964

47

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

14. Tangible fixed assets (continued)

Company

Cost
At 1 April 2023
Additions
Disposals
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
Disposals
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Plant and
machinery
£
166,063
15,240
(9,995)
171,308
88,736
27,492
(7,088)
109,140
62,168
77,327		 Fixtures and
fittings
£
88,692
32,510
-
121,202
63,804
16,624
-
80,428
40,774
24,888		 Office
Equipment
£
106,933
7,671
-
114,604
74,983
11,326
-
86,309
28,295
31,950		 Total
£
361,688
55,421
(9,995)
407,114
227,523
55,442
(7,088)
275,877
131,237
134,165

48

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

15. Heritage assets

Group and Company

Assets recognised at cost

Wentworth
Woodhouse
£
Carrying value at 1 April 2023
7,256,936
Additions
-
As at 31 March 2024
7,256,936
nalysis of heritage asset transactions
roup and Company
2024
£
2023
£
Purchases
Assets held at cost
-
75,000
Donations
Assets held at cost
-
-
Total additions
-
75,000		 Wentworth
Woodhouse
£
Carrying value at 1 April 2023
7,256,936
Additions
-
As at 31 March 2024
7,256,936
nalysis of heritage asset transactions
roup and Company
2024
£
2023
£
Purchases
Assets held at cost
-
75,000
Donations
Assets held at cost
-
-
Total additions
-
75,000		 Donated
Pottery
£
495,000
-
495,000
2022
£
1,736
-
1,736		 Donated
Pottery
£
495,000
-
495,000
2022
£
1,736
-
1,736		 Integral
Features
£
90,500
-
90,500
2021
£
-
-
-		 Total
£
7,842,426
-
7,842,426
2020
£
1,507
495,000
75,000 1,736 496,507

Analysis of heritage asset transactions

Group and Company

Heritage assets primarily comprise of the acquisition of the buildings, contents and surrounding gardens.

16. Stocks

Group Group Company Company
2024 2023 2024 2023
£ £ £ £
Stock 83,895 58,844 2,543 2,543

49

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

17. Debtors

Trade Debtors
Amounts owed by group undertaking
Other debtors
Prepayments and other accrued income
Total
18.
Current asset investments
Short term deposits
Total		 Group
2024
£
14,128
-
118,237
649,403
781,768
Group
2024
£
235,279
235,279		 Group
2023
£
124,503
-
183,894
522,863
831,260
Group
2023
£
-
-		 Company
2024
£
7,071
-
118,237
641,018
766,326
Company
2024
£
235,279
235,279		 Company
2023
£
3,093
-
183,846
500,225
687,164
Company
2023
£
-
-

Investments in short term deposits have an original maturity of between 3 months or less and 12 months.

19. Creditors: Amounts falling due within one year

Bank loans
Trade creditors
Amounts owed to group undertakings
Other taxation and social security
Other creditors
Accruals and deferred income
Total		 Group
2024
£
10,000
633,687
-
44,997
66,358
487,643
1,242,685		 Group
2023
£
10,000
653,804
-
29,600
207,853
103,435
1,004,692		 Company
2024
£
-
582,201
197,245
33,295
22,439
471,004
1,306,184		 Company
2023
£
-
621,733
38,297
22,892
42,266
63,473
788,661

50

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

19. Creditors: Amounts falling due within one year (continued)

Deferred income at 1 April 2023
Resources deferred during the year
Amounts released from previous periods
Total		 Group
2024
£
32,945
63,066
(31,970)
64,041		 Group
2023
£
15,622
32,945
(15,622)
32,945		 Company
2024
£
32,945
63,066
(31,970)
64,041		 Company
2023
£
15,622
32,945
(15,622)
32,945

Deferred income relates to membership income relating to 2024/25 and onwards, and to donations received in 2023/24 which have been designated for 2024/25 expenditure.

20. Creditors: Amounts falling due after more than one year

Bank loans
Other creditors
Total		 Group
2024
£
13,333
-
13,333		 Group
2023
£
23,333
30,000
53,333		 Company
2024
£
-
-
-		 Company
2023
£
-
30,000
30,000

Bank loans represent a Bounceback Loan with a fixed interest rate of 2.5% per annum. The term of the loan is 6 years from July 2020 however early repayment is permitted. There is a guarantee from the UK Government under the Bounce Back Loan Scheme (BBLS) in relation to this loan.

51

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

21. Statement of funds

Statement of funds – current year

Unrestricted funds
General funds
Trading subsidiary
Endowment funds
Endowment funds
Restricted funds
Acquisition fund
Historic England
National Trust Grant
Masterplan phase 1/3a
& Hamish Ogston
Foundation
Restricted donations
Creative Producers
NLHF Emergency Fund
Postcode Lottery
Culture Recovery Grant
Master Cutler’s
Challenge
Cultural Activities
Donations for
maintenance
Community Renewal
Fund
Levelling Up Fund		 Balance at
1 April
2023
£
163,560
367,568
531,128
7,782,426
3,231
194,728
-
327,188
134,107
24,794
2,192
2,533
58,932
131
9,685
19,644
274
84,690		 Income
£
634,392
1,682,181
2,316,573
-
-
-
-
1,730,860
30,046
-
-
-
-
161,043
32,809
45,000
-
2,589,566		 Expenditure
£
(713,858)
(1,853,859)
(2,567,717)
-
-
(77,021)
-
(2,004,821)
(82,161)
(24,794)
(1,741)
(558)
(19,507)
(161,043)
(40,311)
(64,644)
(274)
(2,108,548)		 Transfers
in/out
£
(21,113)
(21,113)
30,000
-
-
-
(3,000)
(3,737)
-
-
-
-
-
(7,972)
-
-
-		 Balance at
31 March
2024
£
62,981
195,890
258,871
7,812,426
3,231
117,707
-
50,227
78,255
-
451
1,975
39,425
131
(5,789)
-
-
565,707

52

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Statement of funds (continued)

Statement of funds – current year (continued)

Lamp Standards & Chain
Links
HE Kickstart
Heritage Skills
Apprentice
Bedlam Wing
Lift
Driving Forward
Total restricted funds
Total of funds		 6,163
-
18,280
(1,056)
-
-
885,516
9,199,070		 20,000
-
20,000
12,500
250,000
33,942
4,925,766
7,242,339		 (18,683)
-
(20,954)
(13,661)
-
(53,269)
(4,691,990)
(7,259,707)		 3,605
-
-
2,217
-
-
(8,887)
-		 11,085
-
17,326
-
250,000
(19,327)
1,110,405
9,181,702

53

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

21. Statement of funds (continued)

Statement of funds – prior year

Unrestricted funds
General funds
Trading subsidiary
Endowment funds
Endowment funds
Restricted funds
Acquisition fund
Historic England
National Trust Grant
Masterplan phase 1/3a
& Hamish Ogston
Foundation
Restricted donations
Creative Producers
NLHF Emergency Fund
Postcode Lottery
HHA Consortium
Culture Recovery Grant
Master Cutler’s
Challenge
Cultural Activities
Donations for
maintenance
Community Renewal
Fund
Levelling Up Fund		 Balance at
1 April
2022
£
507,473
41,325
548,798
7,767,426
3,231
274,244
4,204
164,185
156,552
-
15,875
3,370
58,365
102,580
-
44,560
53,989
(51,719)
(45,110)		 Income
£
504,881
1,589,067
2,093,948
-
-
-
140,437
3,105,332
7,986
54,810
-
-
92,827
-
83,714
21,500
5,429
95,924
301,359		 Expenditure
£
(833,069)
(1,262,824)
(2,095,893)
-
-
(79,516)
(144,641)
(2,942,329)
(30,431)
(30,016)
(13,683)
(837)
(166,139)
(29,426)
(83,583)
(56,375)
(39,774)
(43,931)
(171,559)		 Transfers
in/out
£
(15,725)
-
(15,725)
15,000
-
-
-
-
-
-
-
-
14,947
(14,222)
-
-
-
-
-		 Balance at
31 March
2023
£
163,560
367,568
531,128
7,782,426
3,231
194,728
-
327,188
134,107
24,794
2,192
2,533
-
58,932
131
9,685
19,644
274
84,690

54

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Statement of funds (continued)

Statement of funds – prior year (continued)

Lamp Standards & Chain
Links
HE Kickstart
Heritage Skills
Apprentice
Bedlam Wing
Total restricted funds
Total of funds		 58,484
257
12,000
-
855,067
9,171,291		 -
3,031
20,000
10,585
3,942,934
6,036,882		 (52,321)
(3,288)
(13,720)
(11,641)
(3,913,210)
(6,009,103)		 -
-
-
-
725
-		 6,163
-
18,280
(1,056)
885,516
9,199,070

55

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

21. Statement of funds (continued)

The Acquisition fund represents grants and donations specifically for the purchase of the property.

The Historic England Urgent Works, Phase 1, Phase 2 and Slate grant funds all form part of the £7.6m awarded from DCMS to undertake urgent work to secure the building. These have now been consolidated into one fund, the Historic England fund.

The National Trust grant was awarded to assist the Trust in building capacity to develop the visitor offer.

The Masterplan Phase 1 was awarded towards the project which will see the Camellia House redeveloped, removal of swimming pool and creating a car park. The Masterplan Phase 3a is a development phase of the southern range of the Stables including the Riding School. These have now been consolidated into one fund, the Masterplan Phase 1/3a fund. This fund is in deficit at year end due to the timing of when income has been received.

Restricted donations comprise a number of individual donations to be used for defined purposes.

The Creative Producers fund relates to income received from the UK Shared Prosperity Fund via Rotherham MBC in relation to a Digital Creativity Training Programme as part of our ongoing commitment as Digital Partner to the 2025 Rotherham Children’s Capital of Culture programme.

The NLHF Emergency fund represents £240,900 that was granted as a means of support in response to the COVID- 19 crisis, by providing funds to cover essential costs between June and September 2020, as well as costs look towards further longer term recovery.

The Postcode Lottery fund was originally granted for the development of a community garden. Due to the COVID- 19 pandemic the Postcode Lottery allowed the funds to be derestricted, as a consequence these funds were used alongside the COVID-19 Heritage Emergency Funds to support core costs between June & September 2020.

The HHA Consortium fund is Heritage Stimulus Fund, part of the Government’s £1.57bn Culture Recovery Fund for Heritage. The Trust was able to install a temporary heating system & other repairs to underground drainage, a new water mains connection and the removal of asbestos from the mansion’s cellar.

The Culture Recovery Grant fund was awarded to provide funds to help support essential costs between November 2020 & March 2021, as well as focus on diversifying the business to encompass the outdoor offer and launch a new digital programme.

The Master Cutler’s Challenge is a fundraising challenge for businesses to get involved and support charities across South Yorkshire. Our Chair of Trustees, Dame Julie Kenny, was the 2023 Master Cutler, and has chosen Wentworth Woodhouse Preservation Trust as the charity for the year. The Challenge ran to the end of September 2023.

The Cultural activities fund consists of a number of grant awards which have all been provided for the purpose of producing cultural activities and events that engage the wider community.

The donations for maintenance fund represent donations restricted to maintenance expenditure only.

The Community Renewal fund was awarded to create a digital creativity training programme.

The Levelling Up fund was awarded by the UK Government via the local authority for delivery of a part of the Southern Range of the Stables which includes new production kitchens which will provide services across the site.

56

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

The Lamp Standards fund was awarded to fully restore the six cast iron lamp standards that are located across the East Front.

The Hamish Ogston Foundation has provided funding to support heritage skills training and works which require specialised heritage skills.

The HE Kickstart fund was awarded by Historic England to provide a six month funded garden apprenticeship position.

The Heritage Skills Apprentice fund was awarded to provide a three year funded heritage skills apprenticeship position.

The Bedlam Wing grant was awarded for the repairs to the Bedlam Wing of the house, the deficit is caused by expenditure incurred before the grant monies were received post year end.

Driving Forward represents funding received to support the Head of Heritage and Head of Culture posts.

The lift restricted fund relates to money raised specifically for the installation of a platform lift at the entrance to the site and a passenger lift adjacent to the Oak Staircase

Transfers from restricted funds to endowment funds represent heritage asset additions and transfers to restricted funds represent interest earned on restricted monies recognised as unrestricted a number of years ago.

Within unrestricted funds, there is income and expenditure recognized in year of £50,000 and deferred income of £50,000, which have been designated as for maintenance by the Board of Trustees.

22. Summary of funds

Summary of funds – current year

General funds
Endowment funds
Restricted funds		 Balance at
1 April
2023
£
531,128
7,782,426
885,516
9,199,070		 Income
£
2,316,573
-
4,925,766
7,242,339		 Expenditure
£
(2,567,717)
-
(4,691,990)
(7,259,707)		 Transfers
in/out
£
(21,113)
30,000
(8,887)
-		 Balance at
31 March
2024
£
258,871
7,812,426
1,110,405
9,181,702

57

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

22. Summary of funds (continued)

Summary of funds – prior year
Balance at
1 April
2022
£
General funds
548,798
Endowment funds
7,767,426
Restricted funds
885,067
9,171,291		 Income
£
2,093,948
-
3,942,934
6,036,882		 Expenditure
£
(2,095,893)
-
(3,913,210)
(6,009,103)		 Transfers
in/out
£
(15,725)
15,000
725
-		 Balance at
31 March
2023
£
531,128
7,782,426
885,516
9,199,070

23. Analysis of net assets between funds Analysis of net assets between funds – current year

Unrestricted
funds
2024
£
Tangible fixed assets
101,632
Heritage assets
-
Current assets
607,384
Creditors due within one year
(436,812)
Creditors due in more than one year
(13,333)
Total
258,871
Analysis of net assets between funds – prior year
Unrestricted
funds
2023
£
Tangible fixed assets
104,214
Heritage assets
-
Current assets
1,424,939
Creditors due within one year
(974,692)
Creditors due in more than one year
(23,333)
Total
531,128		 Restricted
funds
2024
£
54,604
-
1,831,674
(775,873)
-
1,110,405
Restricted
funds
2023
£
65,750
-
819,766
-
-
885,516		 Endowment
funds
2024
£
-
7,842,426
-
(30,000)
-
7,812,426
Endowment
funds
2023
£
-
7,842,426
-
(30,000)
(30,000)
7,782,426		 Total funds
2024
£
156,236
7,842,426
2,439,058
(1,242,685)
(13,333)
9,181,702
Total funds
2023
£
169,964
7,842,426
2,244,705
(1,004,692)
(53,333)
9,199,070

58

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

24.
Reconciliation of net movement in funds to net cash flow from operating activities
Group
2024
£
Net income/(expenditure) for the year (as per Statement of Financial
Activities)
(17,368)
Adjustments for:
Depreciation charges
67,875
Bank interest
(7,552)
Increase in stocks
(25,051)
Decrease/(increase) in debtors
49,493
Increase in creditors
237,992
(Profit) on disposal of fixed assets
(4,093)
Net cash provided by / used in operating activities
301,296
25.
Analysis of cash and cash equivalents
Group
2024
£
Cash held on deposit (shown as current asset investments)
235,279
Cash at bank
1,329,165
Cash in hand
8,951
Total cash and cash equivalents
1,573,395
26.
Analysis of changes in net debt
At 1 April
2023
£
Cash flows
£
Cash at bank and in hand
1,354,601
218,794
Debt due within 1 year
(10,000)
-
Debt due after 1 year
(23,333)
10,000
1,321,268
228,794		 Group
2023
£
27,779
72,835
(2,481)
(6,922)
(665,072)
62,238
-
(511,623)
Group
2023
£
-
1,353,349
1,252
1,354,601
At 31
March 2024
£
1,573,395
(10,000)
(13,333)
1,550,062		 Group
2023
£
27,779
72,835
(2,481)
(6,922)
(665,072)
62,238
-
(511,623)
Group
2023
£
-
1,353,349
1,252
1,354,601

59

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

27. Pension commitments

Defined contribution pension plan

The charity operates a defined contribution pension plan for its employees. The amount recognized as an expense in the period was £36,064 (2023: £29,307)

28. Related party transactions

The charitable company owns 100% of its subsidiary Wentworth Woodhouse Trading Limited. Net recharges for the year to the subsidiary, including both direct and shared costs, totalled £901,078 (2023: £753,308). At the year-end amounts totalling £ 197,245 (2023: £38,297 creditors) are included in creditors due within one year.

No remuneration has been paid to any trustee (2023: £nil). A trustee, Dame Julie Kenny, has a daughter employed by the trust for the period March – October 2023 who incurred salary costs of £14,823 in the year (2023: £2,077). Expenses of £nil (2023: £1,008) were reimbursed to 0 trustees (2023: 2 trustees) for legitimate business expenditure incurred in respect of the attendance at meetings during the period in connection with the running of the Trust's affairs. Expense claims are disclosed to and are approved by the Board of Trustees at its regular meetings. A number of trustees attended our annual fundraising ball and purchased auction prizes totalling £2,652.

Indemnity insurance has been purchased from funds to:

The cost incurred during the year was £591 (2023: £575).

Donations from Trustees totalled £500 (2023: £3,563) and other related parties totalled £nil (2023: £nil).

60

Document ID: 2beb96edf5bdc0e9b23f045df736b4ac13844c1bcea5500282ea4dd53cf45a92