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← Wentworth Woodhouse Preservation Trust

2025-03-31-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 2025

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

CONTENTS

Page
Reference and administratve details of the company, its Trustees and advisers 1
Chair’s statement 2
Trustees’ report 3
Independent auditor’s report on the fnancial statements 17
Consolidated statement of fnancial actvites 23
Consolidated balance sheet 24
Consolidated statement of cash fows 25
Notes to the fnancial statements 26

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

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 2025

Trustees
Dame Julie Kenny DBE DL, Chair (deceased 21 February 2025)
Mr Timothy Cooke OBE, Chair
Mrs Toni Beevers (nee Paxford) (resigned 6 December 2024)
Mr John Caldwell, Chair - Finance Committee
Mr Alexander Davies-Terry (appointed 6 December 2024)
Mr Martin Drury CBE
Mr Matthew Hirst
Mrs Bronwen Knight
Sir Philip Naylor-Leyland Bt (resigned 6 December 2024)
Mr Richard Outhwaite
Mr Andrew Shepherd
Ms Silethokuhle Sibande (resigned 6 December 2024)
Mr Darren Baker (appointed 30 July 2024; resigned 15 July 2025)
Mrs Wendy Howard (appointed 1 October 2025)
Company registered
number 08809187
Charity registered number 1155374
Registered ofce Wentworth Woodhouse
Wentworth
Rotherham
South Yorkshire
S62 7TQ
Independent auditor BHP LLP
Albert Works
Sidney Street
Sheffield
S1 4RG
Bankers Barclays Bank plc
Church Street
Peterborough
LE87 2BB

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Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

CHAIR’S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

A Message from the Chair

On 21[st] February 2025, Dame Julie Kenny DBE, DL died after a short illness. She was 67. Julie had chaired the Wentworth Woodhouse Preservation Trust from 2014. She brought her considerable business acumen and knowledge of corporate governance to the role, ensuring that our meetings were brisk, focussed, purposeful and supported by regular financial information.

Above and beyond these important capabilities, Julie had an unrivalled passion and commitment to the project, a determination to restore the house, to ensure it is a catalyst for positive change and a source of pride for the local community.

Julie will be greatly missed by former trustees and by all of us who are currently committed to the house and its future and who now will carry her unique legacy forward.

Timothy Cooke OBE

Chairman

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Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

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 charity for the year ended 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.

Our Trustees

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

Dame Julie Kenny DBE DL, Chair (deceased 21 February 2025) Mr Timothy Cooke OBE, Chair Mrs Toni Beevers (nee Paxford) (resigned 6 December 2024) Mr John Caldwell, Chair - Finance Committee Chair Mr Alexander Davies-Terry (appointed 6 December 2024)

Mr Martin Drury CBE Mr Matthew Hirst Mrs Bronwen Knight Sir Philip Naylor-Leyland Bt (resigned 6 December 2024) Mr Richard Outhwaite Mr Andrew Shepherd Ms Silethokuhle Sibande (resigned 6 December 2024) Mr Darren Baker (appointed 30 July 2024; resigned 15 July 2025) Mrs Wendy Howard (appointed 1 October 2025)

Overview

After an incredibly tough year in 23/24, the team at Wentworth Woodhouse were tasked with turning the tide to avoid any further corrosion of reserves in 24/25. This thankfully, has been achieved with a far more positive result in the year covered in this report. Lots of much needed preparation has gone into planning the next phase of major capital works on site, with the Heritage Skills Centre, the Chapel and upgrade of the visitor journey planned for development in the coming 3 years. Our cultural offer continues to flourish, with world class exhibitions and community engagement programs. Our volunteer and visitor numbers continue to grow. The Trust is committed to evaluating its work and always seeks to improve its services, though the astonishing number of awards won and grants awarded this year would indicate that we continue to be seen as trailblazers of the heritage sector. None of this would be possible without the help of our funders and donors, and most particularly the National Trust, who continue to be by our side, providing us with much needed expertise, advice and funding.

Conserving and Regenerating our Site

Whilst it may have appeared a quiet year in terms of major capital development on site, behind the scenes several projects have been progressing. Thanks to a generous donation from the estate of Margaret Vickers, restoration of the Rose Garden took place with conservation repairs to the stone copings, wrought iron railings and pathways, in addition to the introduction of steel borders to the beds and the installation of a new summer house. An opening ceremony took place in June 25 with Margaret’s family in attendance. Our thanks go to Margaret’s partner Audrey Morris and also to David Austin Roses for supporting the project with their very special plants.

Staying in the gardens, work began on the Sunken Garden funded through the Survive and Thrive project. We hope the garden will open in the spring of 2026.

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Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Elizabeth Cayzer Charitable Trust continued to support work on site; this year the restoration of the railings on the West Front steps was completed and they look marvellous. Our thanks goes to Elizabeth and her trustees and also to Andrew Renwick at Ridgeway Forge for his incredible work.

Our in-house team completed full repairs to two of the sash windows on the West Front, just a further 998 to go!

The first stage of works to Basin Court, one of our inner courtyards took place this year with stripping and decoration of the walls to its north side. We await the outcome of a listed building consent application for a ramp to be fitted which will allow us to open up the courtyard for outdoor dining in 2026.

As part of the Chapel project the paintings were removed for restoration; much of the development phase of this project is now complete and we hope to begin work in the Chapel as soon as the funds are raised. Our Heritage Skills Training Centre at the Stables will now move into development phase as funding applications to the Architectural Heritage Fund and the Swire Foundation, made within the period of this report have been successful and detailed planning work can get underway.

Exhibitions

Our blockbuster exhibition this year was ‘Stubbs: Beneath the Surface’, made possible by grant funding from Arts Council England and loans from several institutions and a private collection. The exhibition was seen by over 13,000 visitors with a high proportion of first-time visitors. It was the first major exhibition curated inhouse by the Wentworth Woodhouse team and a curator consultant. It included borrowing paintings under the Government Indemnity Scheme and our first loan from overseas. Positive relationships were built with artists, museums, and galleries, including independent commercial galleries and lenders.

A key element of the exhibition was staff and volunteer skills development, including a grant award for our Exhibition and Interpretation Manager to undertake the ‘Develop your Creative Practice’ training. We received overwhelmingly positive feedback from visitors and art and museum professionals:

Grant funding from Arts Council England of £29,999 allowed us to develop a rich community engagement programme around the exhibition which included :

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Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

A Public Programme including:

In terms of lessons learned, the exhibition allowed a greater understanding of required infrastructure and resources to deliver an exhibition of this scale. We had expected to reach 20,000 visitors and so our first major show enabled a more accurate picture to support future marketing and projections. We also believe that our marketing could have been deployed more effectively for the exhibition.

Our Community Exhibition

In June 24 we opened our coal mining exhibition, co-created by our research volunteers and the local community. This exhibition presented a people-led community exhibition with a strong emotional impact and included loans from local institutions including Barnsley Museums.

As part of the exhibition, we did our first ever community call out for loans and stories that were included in the exhibition; this resulted in building stronger links with the local community and those that have connections to the heritage of the house. This was our first exhibition that was fully supported by the research volunteers including research, community day support, interpretation writing and installation, which resulted in upskilling of volunteers including enhanced research skills and exhibition writing.

It was wonderful to put items from our archive collection on display for the first time. Programming around the exhibition included a miner’s coffee morning and a miner’s folk night, both of which were very well received by visitors, many of whom came from miners’ families.

65% of visitor feedback expressed positive comments or an emotional connection to the exhibition:

As always, there were important lessons learned from the exhibition. General accessibility features could have been improved including lighter settings for the text to be read and cases that allowed the objects to be seen more clearly. The high level of press interest generated visitors to the exhibition, however some expressed disappointment in the scale of the exhibition. Consideration on how to describe future exhibitions in the future will help to manage expectations.

Other exhibitions across the year included the Rockingham Pottery Exhibition: Flora and Fauna and Dig where you Stand pop up for Halloween.

Engagement

As a key partner in the 2025 Children’s Capital of Culture in Rotherham, we worked with three young trainees, one of whom, Becky Foster helped us to prepare for the House of Fun which went live in the summer of 25. Preparation for the exhibition took place across the year as over 100 children and young people worked on the development of the co-produced show.

The Camellia House Activity Plan ended as the Camellia House opened its doors. The Activity Plan, known as the CHAP, was a huge success as the evaluation data below clearly shows.

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Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31 MARCH 2024

Target Actual
900 partcipants in art and gardening actvites for
wellbeing		 90 gardening volunteers each week
150 corporate volunteers in 2023-24
369 visits by community groups
47 family volunteers took part in Forest of
Bewilderment consultaton
149 Art in Teahouse
126 partcipants in Memory Café
TOTAL = 931
230 people on placements and volunteering 155 college and university students on placement
240 gardening and corporate volunteers
TOTAL = 395
1,850 school pupils on visits, including 180 with
special educatonal needs		 2434 school pupils; 383 with special educatonal
needs
TOTAL = 2,434
2,000 people atend tcketed events 193 tckets sold for Afer Hours events in 2023/24:
Bat Night, Astronomy Night, Nature walks, Dawn
Chorus
2,401 tckets sold for the WE Wonder events in
2023/2024, including Basant Festval
126 tckets sold for Memory Café in 2024
35 tckets sold for Nature Discovery sessions in
23/24
32 tckets sold for How do you take your tea?
TOTAL = 2,787
200 young people will achieve Wentworth
Woodhouse Challenge Badge for guides and scouts		 203 young people have achieved the badge
TOTAL = 203
Hundreds of professionals from community
organisatons, charites and schools coming together
for networking events		 100 people took part in Creatve Health Day
12 people served on Basant Panel
78 people atended four Inspire & Connect events
10 people atended bi-monthly Community Inclusion
Panel
TOTAL = 200
Thousands connectng digitally through flms, digital
tours etc.		 5000 YouTube followers
32,900 views for flms documentng restoraton of
Camellia House
26,231 views for flms exploring the history of the
Camellia House, menagerie and gardens, as well as
educaton and community engagement.
TOTAL = 59,131 views

A very full evaluation of the project took place and is available on request.

Events created as part of the Activity Plan also included Army Days, Tea Talk, the Basant Festival (WE Wonder), Breakout Arts Performance, Learn it Make it Sell it, Scholars Treat, Art in the Tea House and Camellia Quest with ArtWorks.

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Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Press Coverage Received

7 July 2024

Rics Award Win for Camellia House at Wentworth Woodhouse (e-architect)

19 July 2024

Restoration of Wentworth Woodhouse’s Camellia House wins RICS regional award (The Star (Sheffield))

July 2024

Camellia House at Wentworth Woodhouse Wins RICS Regional Award (Amazing Architecture)

10 September 2024

Restoration of Wentworth Woodhouse’s Camellia House wins RICS regional award (Rother Life (online))

15 October 2024

Restoration of Wentworth Woodhouse’s Camellia House wins prestigious Georgian Group award (Heritage Trust Network)

18 October 2024

Multi-million pound restoration at historic home wins leading award (Barnsley Chronicle)

15 October 2024

Stately home tea room restoration recognised (BBC News)

July 2024

Restoration of Wentworth Woodhouse’s Camellia House wins RICS regional award (htps://www.e-architect.com/england/camellia-house-wentworth-woodhouse-south-yorkshire)

June 2025

Europa Nostra award in Conservation and Adaptive Reuse category - (htps://www.europeanheritageawards.eu/winners/camellia house/)

June 2025

Architects’ Journal Community Impact of the Year 2025 winner (https://www.architectsjournal.co.uk/news/aj100-community-impact-of-the-year-2025-winner-revealed)

Place Partnership funding

We were awarded Place Partnership funding in October 2024, through Arts Council England’s Place Partnership programme. This funding was awarded to a consortium of partners in Rotherham, led by Rotherham Metropolitan Borough Council, and is part of the Children’s Capital of Culture programme. Wentworth Woodhouse is leading on the Creative Health strand of the work. We continue to deliver activities in the garden that improve the health and wellbeing of children and young people.

Creative Health Symposium

We hosted the first Rotherham Creative Health Symposium in June 2024. This brought together health and creative practitioners to shape the action plan for the Rotherham Creative Health Board. This recognises our key role in the development of Creative Health in Rotherham.

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Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Tours

During this year we launched new tours including Top to Bottom and After Hours. The Top to Bottom tours completely sold out and we may repeat these again in the future. We also ran Women of Wentworth, Lady Mabel and Behind the Scenes, which continues to be our most popular tour. Candlelit Tours continue to be popular too.

Archives and Collections

We were awarded funding by the National Archives through the Engagement Grant programme. The project worked with research volunteers and a newly formed youth panel to share place-based stories, as well as provide public access to the archive for the first time. We delivered the first Afternoon in the Archives sessions to the public in 2024, which were sell out sessions.

We began cataloguing the archival collection with volunteers who received training in cataloguing and handling historical objects. They have now catalogued over 1,000 items.

Digital

This year we were awarded funding from the National Lottery Heritage fund for the Perception Busters programme which allowed us to appoint Lorraine Camm as our first full time Digital Lead. The project involves our 2025 Children’s Capital of Culture young trainee producers Mrat Frezghi and Louise Webb working together to create four films that bust myths about the heritage sector, to be screened at a Film Festival and Premiere in November 25. The project also includes the development of Wentworth Woodhouse's first digital strategy, an integral next step in delivery of our Culture Strategy.

The digital department also delivered the Film Makers Club and the Film Club Summer Camp, designed to engage junior aged pupils in film making.

Events

We delivered a packed programmes of events in across this year including

JCB Event, Easter Trail, the Mayor’s Ball, the Lady Mabel Annual Reunion, Outdoor Theatre, Colourscape Family Arts Festival, Car Show, Adventure Cinema, 3 School Proms, the Great British Food Festival and the Austin Owners’ Club. Once again, we delivered the Christmas Light Trail with over 14,000 visitors attending despite the challenges of the weather!

Eight couples were married at Wentworth Woodhouse, Cub and Beaver camps took place, Brownies visited, as did numerous schools including Brinsworth Howarth, Brinsworth Whitehill Primary, Rawmarsh Thorogate Primary, Greasbrough School, Winterhill School (Governors' Awards), The Willows, Greenhead College and Wales High School. We welcome education groups from across the UK but particularly enjoy seeing local school engage with their heritage at Wentworth.

Fundraising events included the Quiz the Follies Challenge, a series of very successful Car Boot sales, our Big House Heroes campaign. A Fascinator Workshop, our very popular D Day 1940s event and Night at the West End. The Black Diamonds Ball raised almost £30,000, and many other fundraising events sold out and added much need funds to our fundraising budget. Other highlights included the Murder Mystery Evening, Thurnscoe Male Voice Choir, A Christmas Carol performed by Gerald Dickens, Burns Night, wine and cheese tasting and Gin and Jazz.

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Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Volunteering

Our volunteers continue to be the backbone of Wentworth Woodhouse providing an incredible 39,808 hours of volunteering between April 2024 and the end of March 2025, including our record breaking month of August 2024 which alone saw 4,047 hours of volunteering across a wide range of roles. The purchase of an eBus to help our visitors who need support to access the site resulted in a new volunteering role of eBus Driver, providing access for both visitors to the house and diners at the Camellia House. Our volunteers’ input extends beyond their allocated roles within the house and garden; over the course of this year they also took part in Health and Safety Training and Customer Experience Training, and some featured in the BBC1 documentary, Our Yorkshire Stately Home which provided a national platform from which to promote our work. The show, aired on a Friday evening in a primetime slot, was watched by millions of people, and illustrated movingly the power of our warm Yorkshire welcome.

Gardens

This has been a year of remarkable growth, creativity, and collaboration within the Wentworth Woodhouse gardens. Supported by a strong and dedicated team of over 80 volunteers, the gardens have continued to flourish as a place of learning, wellbeing, and community engagement.

Through innovative partnerships, sustainable practices, and inspiring educational initiatives, the team has delivered a diverse range of projects that not only enhance the visitor experience but also reinforce the gardens’ role as a space for heritage, nature, and people to thrive together.

Community Garden Development

The Community Garden Project has continued to evolve as a hub for learning, inclusion, and sustainable growing. Designed to be accessible and engaging for volunteers, local groups, and corporate visitors, the project has embedded a holistic approach to gardening, combining food production, wellbeing, and enterprise.

Over the past year, growing spaces were developed across the polytunnels and greenhouse for both produce and cut flowers. Composting and rainwater harvesting systems were installed to promote sustainability.

A plant-to-plate enterprise was successfully launched, supplying fresh produce to the catering department, and a series of hands-on workshops were delivered for community groups in line with the Paid Partnership programme.

The project has established a fully functional and sustainable growing infrastructure and created a new partnership in – house with our food and beverage department. Educational and wellbeing workshops have increased local participation and awareness, helping to strengthen community ties. Balancing operational demands with engagement and learning delivery has been an ongoing consideration, as has integrating sustainability measures within tight budget constraints.

Garden and Corporate Volunteers

Volunteers remain at the heart of the gardens’ success. Throughout 2024/25, a focused recruitment and engagement drive expanded the volunteer base and strengthened partnerships with corporate groups, helping to build a resilient, skilled, and passionate community.

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Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Volunteer recruitment initiatives led to the formation of project-based teams with diverse skills, and new corporate volunteering opportunities were introduced to encourage long-term partnerships. A voluntary contributions model was also developed to support garden maintenance and tool replacement, fostering a sense of shared responsibility and investment in the gardens’ future.

The year saw 26 new volunteers join in March.

Garden Improvement Projects

Throughout the period covered in this report, several key improvement projects were delivered to enhance both the visitor experience and volunteer engagement within the gardens. The year saw significant progress in planning and implementing improved garden signage to support visitor wayfinding, alongside the development of a rotational volunteer system designed to encourage learning and ownership across different garden areas.

Educational programmes focusing on pollinators were delivered, culminating in the creation of an integrated art installation that combined creativity with ecological awareness.

A particularly successful collaboration with a local steel manufacturer resulted in the production of bespoke garden signage free of charge, demonstrating the value of local partnerships. The new rotational volunteer system increased engagement and provided opportunities for skill sharing and personal development.

Maintaining continuity of garden operations while balancing volunteer availability has been an ongoing consideration, as has the coordination of external partnerships within the seasonal rhythm of the gardens’ work.

Garden Events and Engagement

This year we saw the continued success of the gardens’ vibrant events programme, connecting visitors, volunteers, and community groups through celebration, learning, and creativity.

Over the year we hosted Bat Nights, Hive Writers, The Light in a Tea Cup exhibition, Nature Discovery Sessions, Wildlife Trust Workshops, Nature Walks, Painting Workshops and Astronomy Nights.

The Beltane Festival was delivered in partnership with a range of local organisations. The week-long event offered cultural and holistic experiences that engaged a wide audience and celebrated the connection between nature, creativity, and wellbeing.

Alongside major events, the gardens also delivered a range of wellbeing and educational programmes for community groups, while producing new strategic proposals to streamline garden maintenance processes.

These programmes have fostered inclusion, learning, and wellbeing, strengthening the role of the gardens as a space for connection and creativity. Coordinating volunteers and partner organisations for large-scale events presented logistical challenges, as did maintaining visitor engagement during busy operational periods, but the success of each event demonstrated the dedication and adaptability of the team.

2025 has demonstrated the strength, creativity, and dedication of the Wentworth Woodhouse Gardens team and its volunteers. Through collaboration, innovation, and community spirit, we have continued to build gardens that inspire, educate, and connect. As we look ahead to 2026, our focus remains on sustainability, inclusion, and education, ensuring the gardens continue to grow as a place where people, plants, and purpose thrive together.

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Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Grants Awarded

Children’s Capital of Culture RMBC -Re Rotherham Show £ 2,000.00
Film School(Easter 2025) RMBC £ 1,911.35
Percepton Busters NLHF £ 132,800.00
RMBC(CCoc) £ 44,449.60
Art Installaton(Pollinator) James Neill Trust Fund £ 3,000.00
Core Costs EFCT(Sir PhilipNaylor-Leyland) £ 25,000.00
Core Costs Natonal Trust £ 250,000.00
CommunityGarden The Kilroot Foundaton £ 10,000.00
Community Cube Garden at RHS
Show		 RHS £ 3,000.00
Survive & Thrive NLHF £ 248,220.00
World Monument Fund £ 15,000.00
House of Fun (includes We
Wonder 25)		 ACE £ 99,999.00
Overmantel PaintngProject Aldama Foundaton £ 10,000.00
HangingEquipment GIS Rooms Foyle Foundaton £ 20,000.00
Awards Received The Camellia House
2024
RICS Regional Award – Refurbishment / Revitalisaton
Award		 (Donald Insall Associates)
Shefeld Business School & Help To Grow: Management
Alumni		 Best Marketng Campaign
Georgian Group2024 Best re-use of a Georgian building
2025
Architects Accredited in Building Conservaton (AABC)
awards		 Highly Commended
Europa Nostra For Conservaton and Adaptve Reuse
Architects’ Journal award Winner of Community Impact of the Year 2025

Our thanks go to all of our funders for their incredible support across the year. We also appreciate the numerous donations received from individuals without whom we would not be able to deliver our work with communities.

Financial Review

Total income amounted to £7,131,715 (2024: £7,242,339). Included in total income is unrestricted income of £3,200,340 (2024: £2,316,573). This is an increase of 38.1% compared to prior year. This has been boosted by income from Landmark Trust totalling £135,000 which was received following the signing of the heads of terms agreement for the lease of South Tower. We have seen increases in income in all of our major trading areas, but particularly in hospitality, which saw a 39% increase in income compared to prior year and events which saw a 36 % increase in income. We did however see a significant fall in filming income, as we had no major film contract during 24/25.

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Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Total expenditure was £7,489,501 (2024: £7,259,707) resulting in net expenditure of £357,786 (2024: net expenditure of £17,368). It should be noted that this figure includes expenditure on the capital works programme and a provision in relation to costs associated with partnership funding of the MP1 project. Unrestricted expenditure was £3,185,206 (2024: £2,576,717). This is an increase of 23.6% compared to prior year. This was driven by an above inflation increase in core costs such as energy, insurance and minimum wage rates, along with the above mentioned provision. This has therefore led to a deficit on unrestricted funds of £14,867 this year. Restricted funds have fallen this year as a result of money which was received in previous years now being spent.

As at 31 March 2025, funds totalled £8,823,916 (2024: £9,181,702) of which £244,004 (2024: £258,871) were unrestricted funds, £737,486 (2024: £1,110,405) were restricted funds and £7,842,426 (2024: £7,812,426) were endowment funds. The slight reduction in unrestricted funds is as a result of the £14,867 loss, and the reduction in restricted funds is due to previously received funding now being spent on capital works.

It should be noted that £7,256,936 of the value of the endowment is not cash but relates to the value of the built asset.

The financial statements give details of the charity’s funds and how these have been applied during the year.

Going Concern

The Trust reported an unrestricted deficit of £14,867 for the year ending 31 March 2025, with free reserves amounting to £173,908 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 December 2026. The latest budget for the year ending 31 March 2026 forecasts total income of £3.46 million and costs of £3.43 million, resulting in an expected surplus of £21,000. For the period ending 31 December 2026, the draft budget anticipates total income of £2.479 million and costs of £2.448 million, resulting in a projected surplus of £31,000. Included in the forecasts to 31 December 2026 is grant income which is unsecured totalling £50,000.

The extent of required income which is still to be secured for the year to 31 March 2027 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.

12

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

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.

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.

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 Sub-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.

13

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

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.

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 2025. 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 2025, the Trust held reserves totalling £8,823,916 of which £244,004 were unrestricted funds, £737,486 were restricted funds and £7,842,426 were endowment funds. Free reserves as at 31 March 2025 totalled £173,908 (2024: £157,240) 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 £1,700,000. 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 currently working on a recovery plan that will rebuild reserves.

14

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

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 10 members.

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

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

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

Key management personnel remuneration policy

The trustees delegate the day to day management of the charity to the key management personnel. Remuneration for key management personnel is determined by the Board of Trustees. Levels are established from a review of the objectives of the charity, the tasks to be 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.

15

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

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.

This report was approved by the trustees, on 28 November 2025 and signed on their behalf by: Temothy Cooke Signer ID: X2N0O4IEAV... Timothy Cooke

Chair

16

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

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

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 2025, 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 December 2026. 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 £15k during the year ended 31 March 2025 and at that date has free reserves of £174k. 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.

17

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

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

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 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:

18

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

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

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:

19

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

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

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.

Signer ID: WKOLTHN6RI...

Rachel Heath (Senior statutory auditor)

for and on behalf of

BHP LLP

Chartered Accountants Statutory Auditor Albert Works Sidney Street Sheffield S1 4RG

Date: 01/12/2025 GMT

20

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2025

Note
Income and endowments
from:
Donations and legacies
4
Charitable activities
5
Other 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
2025
£
402,892
505,008
2,275,588
16,852
3,200,340
1,961,827
1,223,380
3,185,207
15,133
(30,000)
(14,867)
258,871
(14,867)
244,004		 Restricted
funds
2025
£
3,931,375
-
-
-
3,931,375
-
4,304,294
4,304,294
(372,919)
-
(372,919)
1,110,405
(372,919)
737,486		 Endowment
funds
2025
£
-
-
-
-
-
-
-
-
-
30,000
30,000
7,812,426
30,000
7,842,426		 Total
funds
2025
£
4,334,267
505,008
2,275,588
16,852
7,131,715
1,961,827
5,527,674
7,489,501
(357,786)
-
(357,786)
9,181,702
(357,786)
8,823,916		 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

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.

21

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

CONSOLIDATED BALANCE SHEET

AS AT 31 MARCH 2025

2025 2024
Note
£ £
Fixed assets
Tangible assets 14 122,749 156,236
Heritage assets 15 7,842,426 7,842,426
7,965,175 7,998,662
Current assets
Stocks 16 72,859 83,895
Debtors 17 228,389 781,768
Current asset investments 18 - 235,279
Cash at bank and in hand 1,100,919 1,338,116
1,402,167 2,439,058
Creditors: amounts falling due within
one year		 19 (415,093) (1,242,685)
Provision for liabilities 21 (125,000) -
Net current assets 862,074 1,196,373
Total assets less current liabilities 8,827,249 9,195,035
Creditors: amounts falling due after
more than one year		 20 (3,333) (13,333)
Total net assets 8,823,916 9,181,702
Charity Funds
Endowment funds 22 7,842,426 7,812,426
Restricted funds 22 737,486 1,110,405
Unrestricted funds 22 244,004 258,871
Total funds 8,823,916 9,181,702

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:

Ttmothy Cooke Signer ID: X2N0O4IEAV... Timothy Cooke

Date: 28/11/2025 GMT

The notes on pages 25 to 47 form part of these financial statements

22

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

COMPANY BALANCE SHEET

AS AT 31 MARCH 2025

2025 2024
Note
£ £
Fixed assets
Tangible assets 14 106,084 131,237
Heritage assets 15 7,842,426 7,842,426
7,948,510 7,973,663
Current assets
Stocks 16 2,087 2,543
Debtors 17 198,638 766,326
Current asset investments 18 - 235,279
Cash at bank and in hand 1,074,901 1,314,195
1,275,626 2,318,343
Creditors: amounts falling due
within one year		 19 (378,060) (1,306,184)
Provision for liabilities 21 (125,000) -
Net current assets 772,566 1,012,159
Total assets less current
liabilities		 8,721,076 8,985,822
Creditors: amounts falling due
after more than one year		 20 - -
Total net assets 8,721,076 8,985,822
Charity Funds
Endowment funds 22 7,842,426 7,812,426
Restricted funds 22 737,486 1,110,405
Unrestricted funds 22 141,164 62,991
Total funds 8,721,076 8,985,822

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 £(264,746) (2024: £154,310).

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:

Ttmothy Cooke

Timothy Cooke. Signer ID: X2N0O4IEAV...

Date: 28/11/2025 GMT

The notes on pages 25 to 47 form part of these financial statements.

23

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

Note
Cashflows from operating activities
Net cash used in operating activities
25
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
26		 2025
£
(426,916)
16,852
(22,412)
-
(30,000)
(35,560)
(10,000)
(10,000)
(472,476)
1,573,395
1,100,919
1,100,919
-
1,100,919		 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

24

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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 £14,867 for the year ending 31 March 2025, with free reserves amounting to £173,908 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 December 2026. The latest budget for the year ending 31 March 2026 forecasts total income of £3.46 million and costs of £3.43 million, resulting in an expected surplus of £21k. For the period ending 31 December 2026, the draft budget anticipates total income of £2.479 million and costs of £2.448 million, resulting in a projected surplus of £31,000. Included in the forecasts to 31 December 2026 is grant income which is unsecured totalling £50,000.

The extent of required income which is still to be secured for the year to 31 March 2027 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.

25

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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.

26

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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.

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.

27

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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.

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.

28

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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 2024
ncome from charitable actvites
Visitor operations
Commercial and residential rents
Total
Total 2024		 Unrestricted
funds
2025
£
151,545
251,347
402,892
174,070		 Restricted
funds
2025
£
160,762
3,770,613
3,931,375
4,925,766
Unrestricted
funds
2025
£
494,459
10,549		 Total
funds
2025
£
312,307
4,021,960
4,334,267
5,099,836
Total
funds
2025
£
494,459
10,549
505,008
394,350		 Total
funds
2025
£
312,307
4,021,960
4,334,267
5,099,836
Total
funds
2025
£
494,459
10,549
505,008
394,350		 Total
funds
2024
£
267,314
4,832,522		 Total
funds
2024
£
267,314
4,832,522
5,099,836
Total
funds
2024
£
394,350
-
505,008 505,008 394,350
394,350 394,350

5. Income from charitable activities

29

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6. Income from other trading activities

Income from non-charitable trading activities

Wentworth Woodhouse Trading Limited
Miscellaneous income
Total
Total 2024		 Unrestricted
funds
2025
£
2,059,261
216,327
2,275,588
1,740,601		 Total
funds
2025
£
2,059,261
216,327
2,275,588
1,740,601		 Total
funds
2024
£
1,682,181
58,420
1,740,601

7. Investment income

Bank Interest
Total
Total 2024		 Unrestricted
funds
2025
£
16,852
16,852
7,552		 Total
funds
2025
£
16,852
16,852
7,552		 Total
funds
2024
£
7,552
7,552

30

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

8. Raising Funds

Public and private events
Depreciation
Wentworth Woodhouse Trading Limited -
direct costs
Total
Total 2024		 Direct
costs
2025
£
286,154
-
1,622,216
1,908,370
1,423,890		 Support
costs
2025
£
32,017
7,509
13,930
53,456
40,021		 Total
Funds
2025
£
318,171
7,509
1,636,147
1,961,827
1,463,911		 Total
funds
2024
£
246,606
4,650
1,212,655
1,463,911

Of the expenditure on raising funds, £nil (2024: £47,925) was attributable to restricted funds.

Shared costs that have been allocated to the trading company totalling £375,889 (2024: £322,052) are within charitable activities (note 9).

9. Analysis of charitable expenditure by activities

Visitor operations
Restoration, conservation & site
management
Total
Total 2024		 Activities
undertaken
directly
2025
£
329,743
4,987,091
5,316,834
5,541,703		 Support
costs
2025
£
21,876
188,964
210,840
254,093		 Total
funds
2025
£
351,619
5,176,055
5,527,674
5,795,796		 Total
funds
2024
£
364,683
5,431,113
5,795,796

£4,304,294 (2024: £4,644,065) of the above costs were attributable to restricted funds. £1,223,380 (2024: £1,151,731) of the above costs were attributable to unrestricted funds.

31

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

10. Support costs

Governance (note
11)
IT and office costs
Staff costs
Depreciation
Total
Total 2024		 Fundraising
expenses
£
8,449
7,961
21,203
15,843
53,456
40,021		 Visitor
operations
£
2,756
3,229
11,735
4,156
21,876
17,268		 Restoration,
conservation &
site management
£
23,803
27,894
101,367
35,900
188,964
236,825		 Total
funds
2025
£
35,008
39,084
134,305
55,899
264,296
294,114		 Total
funds
2024
£
21,011
32,877
172,355
67,871
294,114

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

11. Governance costs

Audit and accountancy fees
Legal fees
Professional fees
Total		 2025
£
15,469
-
19,539
35,008		 2024
£
13,230
-
7,781
21,011

32

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

12. Net income / (expenditure)

This is stated after charging:
Depreciation of tangible fixed assets owned by
Auditor’s remuneration – audit
Auditor’s remuneration – other services
Profit on disposal of asset
taf costs
Wages and salaries
Social security costs
Other pension costs
Total		 the charitable group
Group
Group
2025
2024
£
£
1,753,232
1,460,013
131,448
106,196
41,194
36,064
1,925,874
1,602,273		 2025
£
55,899
17,500
1,540
-
Company
2025
£
1,753,232
131,448
41,194
1,925,874		 2024
£
67,875
12,000
1,230
4,093
Company
2024
£
1,460,013
106,196
36,064
1,602,273

13. Staff costs

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
2025
2
47
22
3
17
18
109		 Group
2024
3
40
22
4
16
17
102

33

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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

Group Group
2025 2024
In the band £70,001 - £80,000 1 -
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 £302,808 (2024: £152,941).

Please refer to page 17 of the Trustees’ Annual Report for details on how executive pay is set.

Wentworth Woodhouse Preservation Trust receives a substantial amount of support and expertise from volunteers. The work undertaken by this significant number of volunteers (including Trustees time), when expressed as a monetary value for 2024/25, is £681,380 (2023/24: £658,275). This amount is not reflected in the Statement of Financial Activities.

34

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

14. Tangible fixed assets

Group

Cost
At 31 March 2024
Additions
Disposals
At 31 March 2025
Depreciation
At 31 March 2024
Charge for the year
Disposals
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Plant and
machinery
£
205,991
22,412
-
228,403
135,003
27,318
-
162,321
66,082
70,988		 Fixtures
and fittings
£
163,763
-
-
163,763
106,810
19,149
-
125,959
37,804
56,953		 Office
Equipment
£
114,604
-
-
114,604
86,309
9,432
-
95,741
18,863
28,295		 Total
£
484,358
22,412
-
506,770
328,122
55,899
-
384,021
122,749
156,236

35

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Company

Cost
At 31 March 2024
Additions
Disposals
At 31 March 2025
Depreciation
At 31 March 2024
Charge for the year
Disposals
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Plant and
machinery
£
171,308
22,412
-
193,720
109,140
24,378
-
133,518
60,202
62,168		 Fixtures
and fittings
£
121,202
-
-
121,202
80,428
13,755
-
94,183
27,019
40,774		 Office
Equipment
£
114,604
-
-
114,604
86,309
9,432
-
95,741
18,863
28,295		 Total
£
407,114
22,412
-
429,526
275,877
47,565
-
323,442
106,084
131,237

36

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

  1. Heritage assets Group and Company Assets recognised at cost
As at 31 March 2024
Additions
As at 31 March 2025
Analysis of heritage asset transactons
Group and Company
Purchases
Assets held at cost
Donations
Assets held at cost
Total additions		 Wentworth
Woodhouse
Donated
Pottery
Integral
Features
Total
£
£
£
£
7,256,926
495,000
90,500
7,842,426
-
-
-
-
7,256,926
495,000
90,500
7,842,426
2025
2024
2023
2022
2021
£
£
£
£
£
-
-
75,000
1,736
-
-
-
-
-
-
-
-
75,000
1,736
-		 Total
£
7,842,426
-		 Total
£
7,842,426
-
7,842,426
2025
£
-
-
-		 2021
£
-
-
-

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

16. Stocks

Group Group Company Company
2025 2024 2025 2024
£ £ £ £
Stock 72,859 83,895 2,087 2,543

37

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

17. Debtors

Trade Debtors
Amounts owed by group undertaking
Other debtors
Prepayments and other accrued income
Total		 Group
2025
£
44,192
-
16,238
167,959
228,389		 Group
2024
£
14,128
-
118,237
649,403
781,768		 Company
2025
£
23,565
-
16,238
158,835
198,638		 Company
2024
£
7,071
-
118,237
641,018
766,326

18. Current asset investments

Group Group Company Company
2025 2024 2025 2024
£ £ £ £
Short term deposits - 235,279 - 235,279
Total - 235,279 - 235,279

Investments in short term deposits have an original maturity of between 3 months 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
2025
£
10,000
151,143
-
85,473
85,812
82,665
415,093		 Group
2024
£
10,000
633,687
-
44,997
66,358
487,643
1,242,685		 Company
2025
£
-
92,173
146,782
31,603
41,423
66,079
378,060		 Company
2024
£
-
582,201
197,245
33,295
22,439
471,004
1,306,184

38

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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

Deferred income at 1 April
Resources deferred during the year
Amounts released from previous periods
Total		 Group
2025
£
64,041
22,643
(63,066)
23,618		 Group
2024
£
32,945
63,066
(31,970)
64,041		 Company
2025
£
64,041
22,643
(63,066)
23,618		 Company
2024
£
32,945
63,066
(31,970)
64,041

Deferred income relates to membership income relating to 2025/26 and onwards, and the 2024 figure includes donations received in 2023/24 which had been allocated for 2024/25 expenditure.

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

Bank loans
Other creditors
Total		 Group
2025
£
3,333
-
3,333		 Group
2024
£
13,333
-
13,333		 Company
2025
£
-
-
-		 Company
2024
£
-
-
-

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.

39

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

21. Provision for liabilities

At the beginning of the period
Additions
Utilised in period
At the end of the period
Analysed as:
Current
Non-current		 Group
2025
£
-
125,000
-
125,000
125,000
-
125,000		 Group
2024
£
-
-
-
-
-
-
-		 Company
2025
£
-
125,000
-
125,000
125,000
-
125,000		 Company
2024
£
-
-
-
-
-
-
-

A provision has been recognised in year in relation to partnership funding for the MP1 capital works project and associated legal costs. As at the balance sheet date the final costs were not confirmed.

40

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

22. Statement of funds

Statement of funds – current year

Unrestricted funds
General funds
Trading subsidiary
Endowment funds
Endowment funds
Restricted funds
Acquisition fund
Historic England
Masterplan phase 1/3a & Hamish
Ogston Foundation
Restricted donations
NLHF Emergency Fund
Postcode Lottery
Culture Recovery Grant
Master Cutler’s Challenge
Cultural Activities
Donations for maintenance
Levelling Up Fund
Iron Works
Heritage Skills Apprentice
Access Wentworth
Driving Forward
Exhibition preparation and delivery
Perception Busters
Total restricted funds
Total of funds		 Balance at
31 March
2024
£
62,981
195,890
258,871
7,812,426
3,231
117,707
50,227
78,256
451
1,975
39,425
131
(5,789)
-
565,707
11,085
17,326
250,000
(19,327)
-
-
1,110,405
9,181,702		 Income
£
1,093,730
2,106,610
3,200,340
-
-
-
220,423
58,427
-
-
-
-
29,988
95,000
3,157,184
14,040
8,000
50,000
159,487
27,976
110,850
3,931,375
7,131,715		 Expenditure
£
(985,556)
(2,199,651)
(3,185,207)
-
-
(4,286)
(319,211)
(74,448)
(451)
(744)
(12,485)
-
(29,808)
(94,992)
(3,465,015)
(16,353)
(25,196)
(41,301)
(137,628)
(65,602)
(16,774)
(4,304,294)
(7,489,501)		 Transfers
in/out
£
(30,000)
-
(30,000)
30,000
-
-
(8,213)
(28,665)
-
-
-
-
-
-
(3,122)
-
-
-
-
40,000
-
-
-		 Balance at
31 March
2025
£
141,155
102,849
244,044
7,842,426
3,231
113,421
(56,774)
33,570
-
1,231
26,940
131
(5,609)
8
254,754
8,772
130
258,699
2,532
2,374
94,076
737,486
8,823,916

41

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Statement of funds – prior year
Balance at
1 April
2023
£
Unrestricted funds
General funds
163,560
Trading subsidiary
367,568
531,128
Endowment funds
Endowment funds
7,782,426
Restricted funds
Acquisiton fund
3,231
Historic England
194,728
Natonal Trust Grant
-
Masterplan phase 1/3a &
Hamish Ogston Foundaton
327,188
Restricted donatons
134,107
Creatve Producers
24,794
NLHF Emergency Fund
2,192
Postcode Lotery
2,533
Culture Recovery Grant
58,932
Master Cutler’s Challenge
131
Cultural Actvites
9,685
Donatons for maintenance
19,644
Community Renewal Fund
274
Levelling Up Fund
84,690
Iron Works
6,163
HE Kickstart
-
Heritage Skills Apprentce
18,280
Bedlam Wing
(1,056)
Access Wentworth
-
Driving Forward
-
Total restricted funds
885,516
Total of funds
9,199,070		 Income
£
634,392
1,682,181
2,316,573
-
-
-
-
1,730,860
30,046
-
-
-
-
161,043
32,809
45,000
-
2,589,566
20,000
-
20,000
12,500
250,000
33,942
4,925,766
7,242,339		 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)
(18,683)
-
(20,954)
(13,661)
-
(53,269)
(4,691,990)
(7,259,707)		 Transfers
in/out
£
(21,113)
(21,113)
30,000
-
-
-
(3,000)
(3,737)
-
-
-
-
-
(7,972)
-
-
-
3,605
-
-
2,217
-
-
(8,887)
-		 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
11,085
-
17,326
-
250,000
(19,327)
1,110,405
9,181,702

42

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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

The Historic England fund relates to the £7.6m awarded from DCMS to undertake urgent work to secure the building.

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 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 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 program.

The Master Cutler’s Challenge is a fundraising challenge for businesses to get involved and support charities across South Yorkshire. Our previous 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. It shows a deficit due to the timing of when cash has been received.

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

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.

The Iron Works fund was awarded to restore key iron workings on the site. These consist of the six cast iron lamp standards that are located across the East Front; the chain links that are located across the East front; and the railings on the West Front steps.

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

Access Wentworth relates to money raised to improve accessibility to the site. This includes money raised specifically for the installation of a lift to take passengers to all floors of the house.

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

43

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Exhibition preparation and delivery relates to funds received to enable us to showcase a mixture of historic and contemporary art.

The Perception Busters project involves our 2025 Children’s Capital of Culture young trainees working together to create four films that bust myths about the heritage sector, to be screened at a Film Festival and Premiere in November 2025. The project also includes the development of Wentworth Woodhouse's first digital strategy, an integral next step in delivery of our Culture Strategy.

Transfers from restricted funds to endowment funds represent heritage asset additions and transfers between restricted funds relate to reallocated costs.

23. Summary of funds

Summary of funds – current year

Balance
at 1 April
2024
£
General funds
258,871
Endowment funds
7,812,426
Restricted funds
1,110,405
9,181,702
mmary of funds – prior year
Balance at 1
April 2023
£
General funds
531,128
Endowment funds
7,782,426
Restricted funds
885,516
9,199,070		 Income
£
3,200,340
-
3,931,376
7,131,715
Income
£
2,316,573
-
4,925,766
7,242,339		 Expenditure
£
(3,185,207)
-
(4,304,294)
(7,489,501)
Expenditure
£
(2,567,717)
-
(4,691,990)
(7,259,707)		 Transfers
in/out
£
(30,000)
30,000
-
-
Transfers
in/out
£
(21,113)
30,000
(8,887)		 Balance at
31 March
2025
£
244,044
7,842,426
737,487
8,823,916
Balance at
31 March
2024
£
258,871
7,812,426
1,110,405
- 9,181,702

Summary of funds – prior year

44

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

24. Analysis of net assets between funds

Analysis of net assets between funds – current year

Tangible fixed assets
Heritage assets
Current assets
Creditors due within one year
Creditors due in more than one
year
Total		 Unrestricted
funds
Restricted
funds
Endowment
funds
Total
funds
2025
2025
2025
2025
£
£
£
£
70,096
52,653
-
122,749
-
-
7,842,426
7,842,426
499,081
903,086
-
1,402,167
(321,840)
(218,253)
-
(540,093)
(3,333)
-
-
(3,333)
244,044
737,486
7,842,426
8,823,916

Analysis of net assets between funds – prior year

Tangible fxed assets
Heritage assets
Current assets
Creditors due within one year
Creditors due in more than one
year
Total		 Unrestricted
funds
2024
£
101,632
-
607,384
(436,812)
(13,333)
258,871		 Restricted
funds
2024
£
54,604
-
1,831,674
(775,873)
-
1,110,405		 Endowment
funds
2024
£
-
7,842,426
-
(30,000)
-
7,812,426		 Total funds
2024
£
156,236
7,842,426
2,439,058
(1,242,685)
(13,333)
9,181,702

45

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

25. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/(expenditure) for the year (as per Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Bank interest
Increase / decrease in stocks
Decrease/(increase) in debtors
Increase / (decrease) in creditors
(Profit) on disposal of fixed assets
Net cash provided by / used in operating activities
26.
Analysis of cash and cash equivalents
Cash held on deposit (shown as current asset investments)
Cash at bank
Cash in hand
Total cash and cash equivalents
27.
Analysis of changes in net debt
At 1 April
2024
£
Cash at bank and in hand
1,573,395
Debt due within 1 year
(10,000)
Debt due after 1 year
(13,333)
1,550,062		 Group
2025
£
(357,786)
55,899
16,852
11,036
553,379
(706,296)
-
(426,916)
Group
2025
£
-
1,092,417
8,502
1,100,919
Cash
flows
£
(472,476)
0
10,000
(462,476)		 Group
2024
£
(17,368)
67,875
(7,552)
(25,051)
49,493
237,992
(4,093)
301,296
Group
2024
£
235,279
1,329,165
8,951
1,573,395
At 31
March
2025
£
1,100,919
(10,000)
(3,333)
1,087,586

46

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980

WENTWORTH WOODHOUSE PRESERVATION TRUST

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

28. 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 £41,194 (2024: £36,064).

29. 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 £1,164,276 (2024: £901,078). At the year-end amounts totalling £146,782 (2024: £197,245 creditors) are included in creditors due within one year.

No remuneration has been paid to any trustee (2024: £nil). Expenses of nil (2024: £nil) were reimbursed to nil trustees (2024: nil trustees) for legitimate business expenditure incurred in respect of attendance at meetings during the period in connection with the running of the Trust's affairs. Expenses of £186 were paid on behalf of trustees in relation to travel costs. Expense claims are disclosed to and are approved by the Board of Trustees at its regular meetings

Indemnity insurance has been purchased from funds to:

Donations from Trustees totalled £1,360 (2024: £500). A donation of £8,000 (2024: £Nil) was received from Leche Trust where Matthew Hirst also serves as a trustee.

During the year, the CEO, trustees and members of their immediate families purchased event tickets and room hire services from the charity totalling £12,114 inc VAT (2024: £7,765). This includes attendance at our annual fundraising ball. All such transactions were made on normal commercial terms available to the general public. No preferential terms were given, and no trustee or related party received any benefit other than as participants in these events.

47

Document ID: 433af03696ebcf3ca9e75a9af0790a0f56ea489fc983035a814b2b5d7a7d8980