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← The David Parr House

2024-03-31-accounts

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Watch and Pray (2022–2023)
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Avoid Sham Wants (2022–2023) Rachael Matthews ,
House Guests: Photo by Lois Mahler
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CHARITY REGISTRATION NUMBER: 1156298

David Parr House CIO

Unaudited Financial Statements For the year ended 31 March 2024

Annual Report

The David Parr House Annual Report Year ended 31 March 2024

Contents

Le
er from the Chair..................................................................................................................3
Trustees report ……………………………………………………………………………………………………………………….5
Independent examiner’s report to the members of The David Parr House …….……………………..17
Statement of
nancial ac
vi
es ………………………………………………………………………..…………18 to 19
Balance Sheet …………………….……………………………………………………………………………………..………….20
Notes to the
nancial statements ………………………………………………………………………..……….21 to 33

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The David Parr House Trustees Report Year ended 31 March 2024

Le er from the Chair

The David Parr House (DPH) is se ling down and beginning to embed itself into the cultural landscape of Cambridge and beyond. This year has been about crea ng a more ‘rounded’ o er to the public, to take the house from that of a place to just have a tour around, to that of a place to visit for a variety of reasons and ac vi es. This gives us the opportunity to showcase what lies beyond the physicality and materiality of the space, to delve deeper into its values and ideas. This enriches us as an organiza on in so many di erent ways whilst reinforcing the words found in our Mission Statement:

Financially sustainable organiza on.

As an organiza on, right from the start, the biggest challenge was how to create a nancially sustainable opera on when the house, due to conserva on requirements, could only have a limited number of visitors through its doors each year. It has never been an op on to have higher tour foo all to increase revenue, instead we have to think how to diversify the o er to the public. A great deal of thought goes into what is achievable in the small space that we have and how it is relevant to David Parr, his family, his house or Frederick Leach, his family, his rm. As we widen the public o er we see a more diverse audience coming through our doors and we are able to support not only the charity but a wider community of cra ers, ar sts, makers, crea ves and researchers.

Inspire crea vity and excellence

The space we have to do this in is our room at the back of the visitors centre where we can give workshops. If you enter on a workshop day there is a communal buzz of human industry as skills are shared between those who have devoted their life to mastering them and those who wish to be inspired and learn from them. There is skill, beyond the cra , to running a successful workshop and we thank all our makers who have found ways to make their crea vity accessible and given such enjoyment to so many throughout this year.

We are though ul. We are challenging. We are curious.

In this space we can also share the passions of others who spend their me not in studios or workshops but in libraries and archives. Talks have become a regular feature of the DPH – the audience is small due to the size of the room but his in macy gives them a feeling of conviviality and homeliness. Just as the maker may take years to master their cra each talk is delivered a er years of research and knowledge gathering. There is a skill to giving a successful talk which is about nding the narra ve through the informa on, to show the audience why they should care, to let them understand and connect with the material. This is the cra of the mind, and we thank all those who have allowed us into their minds for an evening.

The Shop, which we have expanded from a very small space to a slightly larger small space, is becoming one where we can support these makers and thinkers by giving them an area to sell their hand-cra ed pieces or well researched books. It also gives our visitors an opportunity to support the makers as well as support the DPH. Alongside this we are thinking about how we can open up the shop to those other than visitors. It would be nice to open to those who walk past us or who want to make a purchase without having come on a tour. None of this is easy, but we like a challenge.

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The David Parr House Trustees Report Year ended 31 March 2024

Life and Art in a Worker’s House

Finally, we turn to the David Parr House, 186 Gwydir Street. We con nue to evaluate and re ne the tours – are they the right length, do we impart the right amount of informa on, do we give the visitors me to think, ask ques ons, absorb all that they are seeing? There is a lot to t into the me that they spend with us.

This year we have also developed a di erent way to view the DPH when they can wander through it unled, silent except for their cha er. We have called the ‘House Guests’ what will become annual xture in the calendar. Our ‘House Guests’ are invited ar sts, makers and crea ves across varied disciplines who are invited to respond to the house and loan a ‘work’ to stay temporarily, to be placed in its rooms, amongst the domes c backdrop of its space as a home. Each year this, and all our other events and ac vi es, will be based around a theme linked to the DPH- this year we chose to highlight ‘Tex les’.

I wish to nish o by thanking our sta , volunteers and trustees who give so much of themselves to the DPH. It takes a lot to keep a small home going.

Tamsin Wimhurst

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The David Parr House Trustees Report Year ended 31 March 2024

– David Parr House pro le

The Director and Board of Trustees present their report and the unaudited nancial statements of the Charity for the year ended 31 March 2024.

Reference and administra ve details

Registered charity name The David Parr House Charity registra on number 1156298 Principal o ce 184/186 Gwydir Street Cambridge CB1 2LW

The Trustees Mrs T Wimhurst (chair) Mr M Muller Mr M Nicholson Mrs L Strover (un l February 2024) Mrs S Miller Mr M D Pierce (un l January 2024)

Independent examiner Paul Hutchison BSc ACA Azets Quay 2 139 Fountainbridge Edinburgh EH3 9QG

Structure, governance, and management

The Charity was formed on 20 March 2014 as a Charitable Incorporated Organisa on, CIO, under charity number 1156298.

The Charity is governed by its cons tu on.

Recruitment and appointment of Trustees

As and when required new Trustees will be recruited and appointed by the exis ng Trustees and Director, following a skills audit and considering the key skill sets of individuals and support and guidance needed to sustain and develop the organisa on.

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The David Parr House Trustees Report Year ended 31 March 2024

Overview

The David Parr House is a preserved terraced house in Cambridge, with interior decora on in the Arts and Cra s style, executed by its owner, David Parr, between 1886 and 1926. The house is open to the public for guided tours in small groups.

The David Parr House CIO was established in 2014 and since 2016 has operated across two adjoining buildings located in Gwydir Street in Cambridge.

186 Gwydir Street: David Parr House

186 Gwydir Street is the historic address of David Parr in un l his death in 1927, from when his widow Mary Jane Parr (nee Wood) con nued to reside un l her death at the age of 89 in 1949 and his grand-daughter Elsie Palmer (nee Mans eld) un l 2012, daughter of Parr’s eldest daughter Emma and husband John Mans eld .

‘The house encapsulates a world we have already lost in many ways, but it gives us a way back to thinking about the lives of so-called “ordinary” people and, through that, to the way we live our lives today’

The house was acquired from the family and established as a charity and historic house cultural site in 2014 and opened up to the public in 2018 with a formal tour programme in 2019.

184 Gwydir Street

Since 2018 the adjacent property, 184 Gwydir Street has been owned by the charity and con gured across two oors: as a self-contained 2 bedroom at, with the ground oor opera ng as David Parr House visitor centre, shop and a dedicated space for events and workshops. 184 also o ers outside garden space separate to the garden associated with 186, the historic house site.

Opera ng across two adjacent sites allows clear division of the context and purpose of the sites: one is for opera ons and programme, and one is the historic house. The Visitor Centre, as a mul func onal space, enables storage, retail, events and interpreta on, enhancing visitor experience.

Objec ves

We have referred to the guidance contained in the Charity Commission's general guidance on public bene t when reviewing our aims and objec ves and in planning our future ac vi es. The objec ves of the Charity as set out in the cons tu on are:

1) to advance the educa on of the public on the subject of the life and works of David Parr; a cra sman, ar st and painter;

2) to advance, in such ways as the Charity Trustees think t, the arts culture and heritage as re ected in David Parr House ("the house"); and

3) such other charitable purposes as the Charity Trustees in their absolute discre on shall see t.

Ac vi es

The main ac vi es of the Charity are:

To assist in the funding of the house, its collec on and ac vi es by seeking contribu ons from individuals, trusts and other grant-giving chari es or organisa ons.

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The David Parr House Trustees Report Year ended 31 March 2024

Public bene t

The Trustees have referred to the Charity Commission’s general guidance on public bene t and have considered their public bene t obliga ons under charity law and believe that they are in compliance with those obliga ons. These include:

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The David Parr House Trustees Report Year ended 31 March 2024

Case study: Case study: Crea Creative ve workshops for visually impaired adults workshops for visually impaired adults

Funded by Cambridgeshire Community Grant, we worked with the charity Camsight and ar ti sts Mansi Souche and Stepanka Facerova to create and deliver a series of free to a tt end crea ti ve workshops through July 2023.

'Tile-Making Workshop' for adults (18+) with low vision and blindness. Monday 10th July, 2pm - 4pm.

Ar sts Stepanka Facerova and Mansi Shouche ran a crea ve session inspired by the painted pa erned walls in David Parr House. A endees experienced the house through David Parr’s tools, then worked in clay, plaster and foil to create 3D relief pa erns using leaves and owers, which they could take home.

'Collage Workshop' for adults (18+) with low vision and blindness. Monday 24th July, 2pm - 4pm. Stepanka Facerova and Mansi Shouche developed a crea ve ti session inspired by the words and pa tt erns of David Parr House. A endees learned about David Parr, his work and the stories of the house, then worked with a mix of paper, tex les, pastels and paints to create a 3D tac le collage.

Nature's Imprint: Flower Pounding and Floral Wall Hanging Workshop

Stepanka Facerova and Mansi Shouche led a workshop where a tt endees learned the Japanese art of fl ower pounding and make your own fl oral wall hanging. The group spoke about the owers and foliage captured in David Parr’s fl designs and about Elsie Palmer, David Parr’s granddaughter and her love of gardening before experimen ng with Loge owers as an ar s c material making prints from pounded fl petals and wall hangings from live plants. ti ti

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The David Parr House Trustees Report Year ended 31 March 2024

Finance

Reserves and investment

Reserves policy

Our policy is to build and, where feasible, maintain unrestricted funds at a level that approximates to six months opera ng costs including salaries of any permanent sta and those on long term contract other than those costs covered by restricted funds.

Investment Policy

The Trustees' policy is to invest prudently, with minimal risk but within the aim of trying to preserve the capital value and achieving the best possible income on that basis.

In May 2021 the £1,000,000 Endowment Fund was invested in Barclays Charity Fund. It was hoped that we would be able to draw down from the growth to support the core costs of the organisa on, namely the Directors/Curators post. However, the downturn in nancial climate has resulted in the Endowment not preforming as hoped during this year, with no draw down to date. The forthcoming year will see the fund grow with improved returns and draw down to support the organisa ons core costs.

Income

Income from ckets (gross with dona on)

Standard tours are charged at £14.50 per person or £16 per person with a £1.50 dona on included.

There is also the opportunity to add addi onal dona on to any online order – either shop purchase or cket booking.

All dona ons are accompanied by the op on for customers to opt in to Gi Aid.

The cket and tour o er was expanded this year to trial student and under 30s tours, evening tours, exhibi on ckets and promo ng bespoke, out of hours and group tours and visits.

Retail

For the year 2023-2024 the retail income increased across online and onsite pla orms.

The David Parr House shop retail strategy posi ons the retail func on as both income genera on, audience development and an important strand of the crea ve programme in promo ng the contemporary values of the historic house, through support to ar sts and makers, and s cking only UK made, or small batch, maker produced items.

The retail o er is at the beginning of its journey and will develop in content, projects, and income over the next 5 years.

Grants and support

The con nued development was made possible via the generous grants and gi s that we received during this me.

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The David Parr House Trustees Report Year ended 31 March 2024

Muller Wimhurst Trust

July 2022 – June 2025

£50,000 p.a. (restricted)

The generous support from the Muller Wimhurst Trust funds a Director for David Parr House. Appointed in May 2022, Annabelle Campbell took up post in July and is responsible for shaping the ongoing iden ty, mission, and success of David Parr House, balancing cultural, crea ve and charitable goals with administra ve and nancial responsibili es to ensure the organisa ons longterm sustainability and developing cultural impact.

Wolfson Founda on: Sustainability Fund

Nov 2022 – October 2024

£32,100 (restricted)

The funds approved have been redirected to focus on the environmental sustainability of the historic house and the development of the gardens to provide year round biodiverse environments. Funding con rmed this year but will be drawn down on receipt of agreed spend receipts next year.

The work supported is the repain ng and repair of the windows and exterior brickwork of 186, the crea on of a new garden habitat in 184 with year round pollinators, water for wildlife, climbing plat structure and insect habitats.

Albert Dawson Educa on Trust

£8,000

The Trust awarded David Parr House £8,000 towards the produc on of a new house guide, due for publica on early 2025. Funds con rmed and received this year, but the project and spend will be in the next year.

Decora ve Arts Society

£5,000

The Decora ve art Society awarded David Parr House £5,000 for the produc on of bespoke display cases to enable the display of archive materials. Funds con rmed and received this year, but the project and spend will be in the next year.

Commercial income from rental of 184a

David Parr House CIO occupies two adjacent proper es – 186 and 184 Gwydir Street. The ground oor of 184 hosts the Visitor Centre with welcome are including archive display, workshop and events space and shop. The upper oors are set out as a 2-bedroom self-contained at. The management is contracted to a local property agent. Tenants have been in pace since October 2023 and are planning to stay for the next couple of years. The rent returns an important regular stable income.

Donations

Dona ons are received via cash box onsite, and as addi ons to online shop and cket sales. Next year will see the introduc on of a contactless dona on box onsite.

We would very much like to thank these organisa ons for the support and belief that they have had in the David Parr House during this year.

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The David Parr House Trustees Report Year ended 31 March 2024

The Team

People

The most signi cant change in sta ng of the charity in 2023-24 has been the vacant Development Manager post for the majority of the year.

Annabelle Campbell joined the team as full me Director in July 2022. She leads on nancial cultural and crea ve strategic focus, overseeing all aspects of the organisa on’s func on.

Holly O’Brien joined the team in on a 2-year contract as Digital and Events Content Producer and manages the digital output across the website, social media and digital comms pla orms. She also develops and manages the events programme which includes talks, workshops and any other special events. Marke ng also falls under Holly’s remit. For this year Holly’s major project has been the development and delivery of a new website.

Helen Entwistle is our House and Volunteer manager, she supports the volunteers, manages volunteer recruitment and training. She also supports the development and running of the shop at David Parr, and the growing programme of ar st-led workshops. She also runs some workshops. Helen has day to day opera onal responsibility for the David Parr House and the Visitor Centre.

She planned to re re in September 2024. The post was rescoped to be fullme and tle changed to Visitor Experience Manager.

Melanie Walsh supports the organisa on with the bookkeeping.

Rachel French rejoined the team from June 2024 to ll the long vacant development func on for the organisa on. Rachel will be contracted in a freelance capacity.

Simon Middleton – IT support on an annual contact to maintain WordPress website, booking systems, IT licences and subscrip ons.

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The David Parr House Trustees Report Year ended 31 March 2024

From the Director

Annual Programme

We have developed a series of annual themes to frame our programme of events, each with benchmark ac vi es:

Visitor Engagement

New ini a ves for this year included:

This year the ar st-led workshop programme was developed both in terms of the number of events and the number and pro le of ar sts we worked with. The preserved house of a working-class skilled ar san, provides a unique context to present a programme of crea ve workshops that explore, celebrate and share a range of diverse range of arts and cra s skills. The programme had several objec ves:

Prices have varied from £40 to £125, and the workshops have run over full days or half days. Following a review, workshops run only on Saturdays and include a walk through the house, nit a full tour. The tour is also op onal (included in the cost) as we found that many par cipants had already seen inside David Parr House.

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The David Parr House Trustees Report Year ended 31 March 2024

The constraints of the space are not a barrier, as with David Parr House presen ng the crea ve poten al within a domes c space, the content and scale of the workshops are aimed to empower all par cipants to con nue the prac ce at home.

Full list of workshops 2023-2024

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Date Ar st- discipline Date Ar st- discipline
8/4/2023 Rebecca Stark- Copper repousse 4/9/2023 Tanvi Kant – tex le jewellery making
29/04/23 Richard McVe s- Embroidery 23/09/23 Rebecca Stark- Copper repousse
Beatrice May eld – embroidery
13/05/23 Karin Eklund- Illustra on 30/09/23 techniques
20/05/23 Celia Pym – Visible Mending 7/10/2023 Richard McVe s – hand Embroidery
Rachael Ma hews- Rag Welsh S ck
27/05/23 Helen Entwistle- Sashiko 28/10/23 Weaving
10/6/2023 Rebecca Stark- Copper repousse 4/11/2023 Mary Kempski- Pain ng
17/06/23 Zoe Ansari- Lino Prin ng 16/12/23 Rebecca Stark Copper Baubles
24/06/23 Kelly Briggs- Paint Making 20/01/24 Adam Brigdland- Monoprin ng
Helen Entwistle – Paper Piece
1/7/2023 Patchwork 27/01/24 Carlie Allan- Signwri ng
29/07/23 Adam Bridgland- Monoprin ng 3/2/2024 Celia Pym – Visible Mending
Natasha Boyce – Lino Print Puzzle
5/8/2023 Helen Entwistle Sashiko 10/2/2024 Purses
Summer in Museums x2
7/8/2024 Crea ve workshops for children 9/3/2024 Kelly Briggs- Ink Making
30/03/24 Zoe Ansari- Lino Prin ng
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House Guests

The "House Guests" exhibi on is designed to be an annual event occupying the autumn programme slot and showcases contemporary works within the historic house, drawing inspira on from our stories and collec ons and enabling dialogue between past and present. This ini a ve:

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The David Parr House Trustees Report

Year ended 31 March 2024

The fi rst House Guests project invited ar ti sts working with tex ti le materials and techniques to present work in dialogue within the house interiors.

Ar ti sts featured were Emily Campbell, Fiona Curren, Shelley Goldsmith, Tanvi Kant, Richard McVe ti s, Rachael Ma tt hews, Beatrice May fi eld, Anya Paintsil. The exhibi ti on brought in new and repeat audiences, a tt racted sales in the shop, increased social media coverage and ti cket sales.

House Guests: tex titi le ar sts in David Parr House: Richard McVe Richard McVetis s Two Cubes (2023) Photo by Lois Maher

Cambridge Open Studios Cambridge Open Studios

In 2024, we will host our fi rst "pop-up" studio residency as part of Cambridge Open Studios' 50th anniversary. We have con fi rmed plans with ar ti sts and designers Adam Bridgland and Lucy Gough.

Commercial Development Commercial Development

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The David Parr House Trustees Report Year ended 31 March 2024

Volunteer Programme

Strategic Ini a ves

Partnerships and research

For a small organisa on partnership is cri cal to success. David Parr House has worked with a number of partners since the charity was founded, and looking forward, partnerships con nue to develop and grow.

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The David Parr House Trustees Report Year ended 31 March 2024

Further academic and cultural partnerships will be developed alongside community based and crea ti ve organisa ti ons and individuals.

Fundraising and development Fundraising and development

The fundraising objec ti ves and priori ti es for David Parr House include short, medium and longer term priori ti es. These are to:

Organi Organisational sational Values Values

Throughout its activities, David Parr House has upheld the organization's core values of excellence, innovation, and delivering meaningful, personalized visitor experiences. The organization has also trialled and explored new seasonal programming to expand its audience, generate revenue, and encourage repeat visitation.

Looking Ahead Looking Ahead

Building on the successes of 2023-2024, David Parr House will continue to develop engaging programming, enhance its commercial offerings, and strengthen its digital presence. The organization remains committed to preserving the house's unique heritage while providing visitors with enriching and memorable experiences.

The trustees' annual report prepared by Annabelle Campbell, Director and was approved on 17 January 2025.............................. and signed on behalf of the board of trustees by:17 January 2025

Mrs T Wimhurst Chair of Board of Trustees

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THE DAVID PARR HOUSE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE DAVID PARR HOUSE I report on the financial statements of The David Pa￿ House (the charity) for the year ended 31 March 2024. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 {the 2011 Act). I report in respect of my examination of the charity's financial statements carried out under seclion 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or the financial statements do not accord with those records" or the financial statements do not comply with the applicable requirements Con￿rning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concems and have Gome across no other matlers in Gonnedion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Paul Hutchison ACA Institute of Chartered Accountants in England and Wales Azets Audit Services Chartered Accountants Quay 2 139 Fountainbridge Edinburgh EH3 9QG Dated.. 23 January 2025 17-

THE DAVID PARR HOUSE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Current financial year As restated Total Unrestricted Restricted Endowment funds funds funds 2024 2024 2024 Total 2024 2023 Notes Income from: Donations and legacies Charitable activities Olher trading activities Investments 33,122 40,795 48,727 22,195 26.536 59,658 40,795 48,727 53,166 356,180 31,467 28,023 48,515 30,971 Total income and endowments 144.839 26.536 30,971 202,346 464,185 Raising funds 25,895 2,993 28,888 20,968 Charitable activities 120,912 47,736 168,648 133,705 Total expenditure 146,807 47,736 2,993 197,536 154,673 Net gainsl(losses} on investments 12 70,370 70,370 (69,974) Net movement in funds (1,968) (21,200) 98,348 75,180 239,538 Fund balances at 1 April 2023 1,432,874 21,200 981,493 2,435,567 2,196,029 Fund balances at 31 March 2024 1,430,906 1.079,841 2,510,747 2,435,567 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 18-

THE DAVID PARR HOUSE STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Prior financial year- as restated Unrestricted Restricted Endowment funds funds funds 2023 2023 2023 Total 2023 Notes Income from: Donations and legacies Charitable activities Olher trading activities Investments 294.180 31.467 28.023 19.293 62,000 356,180 31,467 28,023 48,515 29,222 Total income and endowments 372.963 62,000 29,222 464,185 Raising funds 18,058 2,910 20,968 Charitable activities 92,905 40,800 133,705 Total expenditure 110,963 40,800 2,910 154,673 Net gainsl(losses} on investments 12 (69,974) (69,974) Net movement in funds 262,000 21,200 (43,662) 239,538 Fund balances at 1 April 2022 1,170,874 1,025,155 2,196,029 Fund balances at 31 March 2023 1.432,874 21,200 981,493 2,435,567 19-

THE DAVID PARR HOUSE BALANCE SHEET ASAT31 MARCH 2024 2024 2023 as restated Notes Fixed assets Tangible assets Heritage assets Investment property Investments 13 14 15 16 409,263 462,012 385,000 1.079,841 406,179 462,012 385,000 981.493 2.336.116 2,234,684 Current assets Stocks Debtors Cash at bank and in hand 17 18 11.607 8.898 174.126 6,404 6,368 461,791 194.631 474,563 Creditors: amounts falling due within one year 19 (20.000) (273,680) Net current assets 174,631 200,883 Total assets less current liabilities 2,510,747 2,435,567 Capital funds Endowment funds Income funds Restricted funds Unrestricted funds 1.079,841 981,493 21,200 1,432,874 1.430,906 2.510,747 2,435,567 The financial statements were approved by the Trustees on . 1710112025 Mrs T Wimhurst Trustee -20-

THE DAVID PARR HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity information The Charity is registered in England and Wales and is a CIO. The address of the principal office is 1841186 Gwydir Street, Cambridge, CB12LW. 1.1 Accounting convention The financial statements have been prepared in accordan￿ with the chartty's constitution, the Charities Act 2011, FRS 102 -The Financial Reporting Standard applicable in the UK and Republic of Ireland" {"FRS 102") and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effeclive 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Stat￿ent of Cash Flows. The financial ststements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practi￿ which is referred to in the Regulations but which has Sin￿ been withdrawn. The financial statements are prepared in steding, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include investment properties and Gertain financial instruments at fair value. The principal accounting poI￿leS adopted are set out below. 1.2 Going concem At the time of approving the financial statements. the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existen￿ for the foreseeable future. Thus the trustees continue to adopt the going con￿rn basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purwses and uses of the restricted funds are set out in the notes to the financial statements. The charity has a pemianent endowment fund vAiich was setup to raise £1 million to safeguard and support the long-term future of the charity. The fund is managed on a total return basis. The trustees, at their discretion, may allocate any part of the unapplied total retum to Ihe general purposes of the charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any perf0mlan￿ conditions have been met, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perfom)ance conditions require deferral of the amount. Income tax recoverable in relation to donations re￿iVed under Gift Aid or deeds of covenant is recognised at the time of the donation. 21

THE DAVID PARR HOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 1.5 Expenditure Expenditure is recognised once Ihere 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 on charitable aclivities comprises those costs inCu￿ed by the charity in furtherance of the charity's objectives and represents the cost of goods and services that have been incurred in charitable activities. It includes both costs that can be allocated directly to such activiites and those costs of an indirect nature necessary to support them. Govemance costs are included as part of expenditure on chartiable activiites and include those C(￿t$ associated with meeting the constitutional and satulory reuqimient of the charity and include accountancy fees and costs linked to the strategic management of the charity. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases- Freehold buildings Exhibits Computer equipment no depreciation charged {see below) 10°/0 20 % straight line 33°/0 Straight line Freehold land and buildings are not depreciated as their residual value is in line with the carrying value of the assets. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial activities. 1.7 Investment property Investment propety, which is propety held to eam rentals andlor for capitsl appreciation. is initially recognised at cost. which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recx)gnised in the Statement of Finanical Activities. 1.8 Heritage assets The Gharity holds heritage assets, which are tsngible fixed assets of historical, artistic or scientifiG importance that are held to advance preservation and conservation objectives of the charity. Newly acquired heritage assets gifted to the charity are initially recognised at their market value and capitalised. Heritage assets are subsequently held at cost. The very long expected lives of heritage assets, due to their nature, value and need to be protected and presetved means that depreciation is not material and is. therefore. not provided. -22-

THE DAVID PARR HOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.9 Fixed asset investments Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net incomel(expenditure) for the year. Transaction costs are expensed as incurred. 1.10 Impairment of fixed assets At each reporting end date, the charity reviews the carying amounts of its tangible assets to detemiine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.11 stocks Stocks are stated at the lower of cost and estimaled selling price less costs to complete and sell. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. 1.12 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original malurities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.13 Financial instruments The Gharity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitys balance sheet when the charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are nol amorlised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised (x)st, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if paymenl is due within one year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at transaction pri￿ and subsequently measured at amoriised cost using the effective interest method. -23-

THE DAVID PARR HOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) DereGognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.14 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide temiination benefits. 1.15 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Crltlcal accountlng estlmates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects C￿lY that period, or in the period of the revision and future periods where the revision affects both current and future periods. The trustees have identified the carrying value of the charity's freehold property as a critical accounting estimate. Donations and legacies Unrestricted Restricted funds funds Total Unrestrictsd Restricted funds funds Total 2024 2024 2024 2023 2023 2023 Donations and gifts Grants receivable 5.472 27,650 5,472 54,186 6,680 287,500 6,680 349,500 26,536 62,000 33,122 26,536 59,658 294,180 62,000 356,180 Grants receivable for ore activities Wimhurst Muller Foundation Other 25,000 1,536 25,000 29,186 287,500 287,500 62,000 27,650 62,000 27,650 26,536 54,186 287,500 62,000 349,500 -24-

THE DAVID PARR HOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities Unrestricted Unrestricted funds funds 2024 2023 House tours 40,795 31,467 Other trading activities Unrestricted Unrestricted funds funds 2024 2023 Events and merchandise sales 48,727 28,023 Investments Unrestricted Endowment funds funds general 2024 Total Unrestricted Endowment funds funds general 2023 Total 2024 2024 2023 2023 Rental income Income from listed investments Interest receivable 21,529 21.529 19,200 19,200 17.165 13.806 17.165 14.472 19,110 10,112 19,110 10,205 666 93 22,195 30.971 53.166 19,293 29,222 48,515 -25-

THE DAVID PARR HOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Raising funds Unrestricted Endowment funds funds general 2024 Total Unrestricted Endowment funds funds general 2023 Total 2024 2024 2023 2023 Seeking donations, grants and legacies Merchandise costs Investment management Rental commission 2,714 19,926 2.714 19,926 15,443 15,443 2.993 2.993 3.255 2,910 2,910 2,615 3,255 2.615 25,895 2,993 28.888 18,058 2,910 20,968 Charitable activities As restated 2023 2024 Staff costs Depreciation and impaimient Project costs Security & other running costs Computer costs Contractors Gifts and entertaining Website Advertising, post and stationery Heat & light. rates and insurance Events and exhibitions General admin Bank charges Telephone Travel and training 110,227 7,236 1,535 880 1,839 79,332 21,920 40,802 1,214 1,268 9,400 30 2,640 2,793 4,095 (37,182) 1,309 1,423 458 1,233 386 16,709 3,041 6,561 8,840 1,549 2,156 580 783 162,322 130,735 Share of governance costs (see note 9) 6,326 2,970 168,648 133,705 Analysis by fund Unrestricted funds Restricted funds 120,912 47,736 92,905 40,800 168,648 133,705 -26-

THE DAVID PARR HOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Governance costs costs 2024 2023 Independent examination Accountsncy fees 1,170 5,156 1,170 5,156 2,230 740 6,326 6,326 2,970 Analysed between Charitable activities 6,326 6,326 2,970 10 Trustees None of the trustees (or any persons connected with them) received any remuneration, expenses or benefits from the Gharity during the year. 11 Employees The average monthly number of employees during the yearwas: 2024 Number 2023 Number Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 99,678 4,409 6,140 72,830 2,060 4,442 110,227 79,332 There were no employees whose annual remuneration was more than £60,000. -27-

THE DAVID PARR HOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Net gainsl(losses) on investments Endowment Endowment funds funds general general 2024 2023 Revaluation of investments Gainlllossl on sale of investments 70,350 20 (69,974) 70,370 (69.974) 13 Tangible fixed assets As restated Total Freehold buildings Exhibits Computer equipment Cost At 1 April 2023 Additions 400,000 24.694 6.750 1,935 426,629 6,750 At 31 March 2024 400.000 31.444 1,935 433,379 Depreciation and impaimient At 1 April 2023 Depreciation charged in the year 19,439 3,309 1,011 357 20,450 3,666 At 31 March 2024 22,748 1,368 24,116 Carrying amount At 31 MarGh 2024 400,000 8,696 567 409,263 At 31 March 2023 400.000 5.255 924 406,179 The trustees consider that the carrying value of the freehold land and buildings equates to the residual value of the property. As such no depreciation charge is applied to the property. -28-

THE DAVID PARR HOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Heritage assets At 1 April 2023 and at 31 March 2024 462,012 The property known as the David Parr House and contents of the propety are deemed to be heritage assets in aGGordance with the Charities SORP (FRS 102). The property and contents were originally gifted to the charity but as a market value was easily established the gift and heritage assets have been accounted for at market value at the time of gift being April 2014. The market value was established as the donor had previously acquired the property from a third party immediately before gifting to the charity. Subsequent additions have been valued at cost. 15 Investment property 2024 Fair value At 1 April 2023 and 31 March 2024 385,000 The propety was valued at £385.000 in September 2024 by Bush and Co (Property Letting and Estate Agents). The trustees have considered it appropriate to apply this value for both the current and prior years. 16 Fixed asset investments Listed investments Cash in portfolio Total Cost or valuation At 1 April 2023 Additions Valuation changes Cash movements Disposals 980,330 30,972 70,350 1,163 981,493 30,972 70,350 35 (3,0091 35 (3.0091 At 31 March 2024 1,078.643 1,198 1,079,841 Carrying amount At 31 March 2024 1,078.643 1,198 1,079,841 At 31 March 2023 980,330 1,163 981,493 -29-

THE DAVID PARR HOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Stocks 2024 2023 Finished goods and goods for resale 11,607 6,404 18 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 101 265 128 5.975 8,797 8,898 6,368 19 Creditors: amounts falling due within one year 2024 2023 Other taxation and social security Trade creditors Other creditors Accruals and deferred income 833 4,478 492 14,197 832 1,618 269,000 2,230 20,000 273,680 20 Retirement benefit schemes Defined contribution schemes The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The charge to profit or loss in respect of defined contribution schemes was £6,140 (2023 - £4,442). -30-

THE DAVID PARR HOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Analysis of net assets between funds Unrestricted Restricted Endowment funds funds funds 2024 2024 2024 Total 2024 Fund balances at 31 March 2024 are represented by.. Tangible assets Heritage assets Investment properties Investments Current assetsl{liabilities) 409,263 462,012 385,000 409,263 462,012 385,000 1,079,841 174,631 1,079,841 174,631 1.430,906 1,079,841 2,510,747 Unrestricted Restricted Endowment funds funds funds 2023 2023 2023 Total 2023 Fund balances at 31 March 2023 are represented by: Tangible assets Heritage assets Investment properties Investments Current assetsl{liabilities) 406,179 462,012 385,000 406,179 462,012 385,000 981,493 200,883 981,493 179,683 21,200 1,432,874 21,200 981,493 2,435,567 22 Related party transactions There were no disclosable related party transactions during the year (2023- none). 31

THE DAVID PARR HOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 23 Prior period adjustment Changes to the balance sheet At 1 April 2022 As previously Adjustment reported As restated Fixed assets Tangible assets Investment properties (i) 1,534.578 (1,119,351) 385,000 415,227 385,000 Net assets {1) 2,930,380 (734,351) 2,196,029 Capital funds Endowment funds Income funds Unrestricted funds 1,025,155 1,025,155 1.905.225 (734,351) 1.170.874 Total equity (i) 2,930.380 (734,351) 2,196.029 At 31 March 2023 As previously Adjustment reported As restated Fixed assets Tangible assets Investment properties (i) 1,499,086 (1,092,907) 385,000 406,179 385,000 Net assets (i) 3,143,474 (707,907) 2,435,567 Capital funds Endowment funds Income funds Restricted funds Unrestricted funds 981,493 981,493 21.200 2.140.781 21,200 1,432.874 (707,907) Total equity (i) 3.143.474 (707,907) 2,435.567 -32-

THE DAVID PARR HOUSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 23 Prior period adjustment (Continued) Changes to the statement of financial activities Period ended 31 March 2023 As previously Adjustment As restated reported Charitable activities expenditure 160,148 (26,443) 133,705 Net movement in funds 213,095 26,443 239,538 {1) The Trustees have reviewed the accounting treatment of the propety at 184 Gwydir Street. The carrying value of the property was reviewed and it was noted that the works completed to create the properties were in excess of the appropriate carrying value of the property and the investment property. This has resulted in the following adjustmentsagainst the charity's unrestricted funds totalling £734,351 at 1 April 2022 and £707,907 at 31 March 2023= (a) The transfer of the value of Ihe investment property of £385,000 from freehold propety to investment property. (b) As at the date of completion of the above works, the value of the property was estimated to be £400,000. Due to the nature of the propety. the residual value as at the same date was estimated to also be £400,000. (c) As a result of the above. as at 1 April 2022 depreciation charged in prior years totaling £108,350 has been reversed and an impairment charge of £842.700 has been recognised against the carrying value of the propety- Further depreciation of £26,443 charged in the year ended 31 March 2023 has also been reversed. These adjustments lead to a net charge of £707,907 against the charity's unrestricted funds as shown above. (li) On review of the property at 184 Gwydir Street, the tnjstees have noted that this property meets the definition of a mixed-use property and as such the investment property portion should be separated from its freehold land and buildings portion. This should have been the case from the date that the property was brought into use in this fomiat. The trustees have therefore transfe￿ed the sum of £385,000 from freehold land and buildings to investment properties. (iii) This is the reversal of the depreciation charged on both properties in the year to 31 March 2023. -33-