The Dorneywood Trust Charlty Registration No: 1181660 CIO No: 016267 Accounts for the year ended 31st December 2024 Wenn Townsend Chartered Accountants Oxfoid
The Dorneywood Trust Refgrence and Adrninistrative Information Trustees: Nicola Andrews Viscount Chandos Lord Hollick Lord Udny-Lister Kt PC Jeremy Mcllroy Ingrid Samuel Juliet Soutei Secretary: Sue Saville Registered Charity No: 1181660 Registered Office: Domeywood Burnham Buckinghamshire SL18PY Auditors: Wenn Townsend Chartered At¢ountants 30 Sl Giles Oxford OX1 3LE Bankers: Lloyds Bank PLC PO Box10CKJ Andover 8x1 1LT Investment Managers: Cazenove 12 Moorgate London EC2R 6DA
The Dorneywood Trust Trustees. report on the accounts for the year ended 31st December 2024 The Trustees present their report and the audited financial staemenls of the Charity for the year ended 31st December 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice ISORPI 'Accounling and Reporting by Charities" IFRS 1021 in preparing the annual report and financial statements of the Charity- Objectives and activities for the public benetit The prime purpose of the Trust is that of maintaining and improving the propety and estate al Domeywo¢>J. The Trustees welcomed 403 members of the public during the Garden only opening and 515 to the House & Garden opening during the year. Trustees were particularly heartened that many young people continued to benefit $0 much from using the Scout Campsite, to the northern end of the Estate. Activities The Trustees cary out the Trust's objectives by employing a small team of staff, professional advisers and conlractois. reviewing their work al regular intervals. The Trust also benefits from the support of a group of loyal volunteers. The Dorneywood Trust's acliviltes are overseen by the Secretary. As a result of careful management of resources over many years, the Trustees have accumulated capital to generate a total return on their investments towards meeting expenditure requirements over lime. Apart from the routine cost of maintaining the House, contents, outbuildings, Garden and wider Estate, the Trustees carry out, when neSsary, major works lo maintain the whole propety to an appropriate standard. Public benefit statement The Trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties. Fundralslng standards infomiation The Charity does not carry out significant public fundraising activities. Achievemgnts and performance The Trustees undertook 8 Quinquennial Survey during 2021 which confirmed °the overall condition of Dorneywwd House ar¢d the historic estate buildings is coming up. and despite the exceptionally difficu circumstances of the last 18 months of pandemic. much good work has been achieved.. Work continued in 2024 to address any oulstsnding priorities from the 2021 Survey. A small band of dedicated Garden volunteers supported the Trust throughout the year. The Trust was also supported by a committed group of volunteer Room Guides in opening the House to the public daily during tsvo weeks in June and Juty. Financial review During the year under review the Trust's funds increased by £443k. of which £441k was due lo an increase in investment values. There was an operating surplus of £2.1k. The perforrnan of the investrnent wrtfolio is measured against various benchmarks including the FTSE AII Share Index and the Brit. Gov Al Stocks Index, with an objectNe of maximising total return alongside reasonable level of income over a longer-leim lime horizon. During this year the investment funds have been fairly resilient given conditions, and the decrease in portfolio value broadty in line with the benchmarks. Reserves policy The Charity carries out a range of maintenance and improvement activities, some of which require significant financial commitment and investment. Investment in the House and Eslale in the past ten years has ensured thalthe Property is now in good ¢ondilion overall. The emphasis is on carefulty planned maintenance reducing the incidence of unforeseen emergency repairs. Trustees want to ensure that this is sustained in the longer term by making adequate provision to meet the ongoing maintenance requirements of this important property The Trustees have examined the requirements for free reseNes, i.e. those unrestrieted fvnds not invested in tangible fixed assets, designated for specific purposes or otherwise committed. The Trustees. policy is lo operate on the basis of being able to continue to generate sufficient incoming resources to use towards meeting its charitsble objects and lo accord wrth rts principal aims.
The Dorneywood Trust Trustees. report on the accounts for the year ended 31st Decgmber 2024 Icontinuedl Reserves policy {continued} The balance sheet shows unrestricted reserves of £11,009k12023.' £10,566kl. £284k {2023' £254kl of this is deemed freely available. The designated capital fvnd balance is represented entirely by tangible fixed assets and investments. Investments with a value of £10,692k {2023". £10,278kl are held al 31st December 2024 in order lo generate sufficient income for carrying out the future objects of the Charity. Investment policy and perforynance The inve51menls are acquired in accordance with FX)wers available to the Trustees. The investment strategy is set by the Trustees and takes into account income requirements, the risk profile and the investment managerfs view of the market prospects in the medium term. The overall investment policy is to maximise relurn, aiming lo Provide the level of income advised by the Trustees whilst at the same lime. aiming to ensure that Capital appreciation of the fund exceeds inflation over any fNe-year period. The Trustees have held discltssions with their managers regarding sustsinabilty and are pleased lo note they are signed up lo the United Nations Piinciples for Responsible Investing. The Trustees meet formally with the investrnenl managers lce a year to review the perfomiance of the portfolio and the investment managers. The investment managers report four limes a year to the Trustees. The Trustees are Satisfied that the aims of their investment policy are being achigved. In addition, the Trustees have Moved part of the portfolio into the Responsible Multi-Asset Fund, the aim of which is to have a posilNe impact on people and the planet by avoiding harm through ESG integration and exclusions. Rlsk Management The Trustees have assessed the major risks to which the Charity is exposed, in particular those relating to the specific operational areas of the Charity, its investments and its finances. The Trustees believe that by monitoring reserve levels. by ensuring controls exist over key financial systems, and by examining the operational iisks faced by the Charity, they have established effeclNe systems to mitigate those risks. The Trust applies best practice in all aspects of property and estate management at Dorneywood. Plans for future periods The Trustees will continue to maintain the propety and estate of Dorneywood, in line with ts Charitable purposes. Structure, Governance and Management The Dorneywood Thomson Endowment Trust Fund 'B' was an expendable endowment fijnd establish on 23rd June 1944 and governed by a Settlement of that dale. The relationship beeen the role of the National Trust and that of the The DorneywcN)d Trust was Considered and defined by Mr Justice Vaisey in the Chancery Division of the High Court of Justice on 17th December 1954. The Fund was transferred to The Dorneywood Trust, a Charitable Incorporated Organi5ation ICIOI. and its aeb"vities have been conducted through this vehicle since 1st May 2019. Key management personnel remuneration The Board of Trustees and the Secretary are the key management personnel of the Charity in charge of directing. controlling and operating the Charity on a day-lo-day basis. All Trustees give their time freely and no Trustee remuneration was paid in the year. Details of Trustee expenses and related party transactions are disclosed in note 8 to the accounts. The salaries of the Secretary and all other members of staff are reviewed annually.
The Dorneywood Trust Trustees. report on the accounts for the year ended 31st December 2024 (continued) Trustees Under the Constitution of the CIO, approved by the Charity Commission on 21st January 2019. the body of the Trustees shall consist of up to four appointed competent persons. Two further Trustees are nominated by the Prime Minister, one being a person holding Cabinet or Ministerial rank while that person holds the same offke as when appointed. The Council of the National Trust appoints one further Trustee. Except for the nominated Minister, Trustees are all appointed for a period of fwe years, renewable thereafter for a fvrther period of five years, subject to the agreement of all the Trustees. The Trustees in office during the year, and since the year end, were as follows.. Parliamentary nominations.. Lord Udny-Lister Kt PC {appoinled chairman from 21st March 20251 Vi$¢ount Chandos (appointed 21 March 2025} National Trust Trustee.. Ingrid Samuel Appointed Trustees-. Lord Hollick (chairman, resigned 21st March 20251 Nicola Andrews Robin Evans {deceased 23 August 20241 Jeremy Mcllroy Juliet Souter (appointed 22 November 20241 Statement of Trustees. responsibilities The Trustees are responsible for preparing the Truslees, Annual Report and the Financial Statements in accordance with applicable law and Ursiled Kingdom Accounting Standards {Unrted Kingdom Generally Accepted A¢counling Practice). The law applicable to Charities in England & Wales requires the Trustees to prepare financial slalements for each financial year. which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that year. In preparing these financial statements. the Twstees are required to.. Select suitable accounting policies and then apply them consistently. Observe the methods and principles in the Charities SORP 2019 IFRS 1021- Make judgements and estimates that are reasonable and prudent., Slate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements". Prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the Charity will continue in operation. The TrLtstees are responsible for keeping proper accounting records that disclose with reasonable a¢curacy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charrties Act 2011. the Charity IAccounls Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevents'on and detection of fraud and other irregulaiilies. This report was ap oved by the Trustees on 215t March 2025. Slgned o behalf of the Trustees Lord Hollick
The Dorneywood Trust Independent Audltor's Report to the Trustees of Thg Dorneywood Trust Opinion We have audited thè ffinanCi slalements ol The Domeywood Trust Ilho 'Charty'l for the year ended 31st December 2024, which comprise ffte Slalement of Financial Activities, the Balance Sheet, the Statement of C85h Flows 8nd notes to the fjnancial statements, including a summary of significant accounting policies. The financial reporting frafflework that has been applied in their preparation is applicable law and Unrted Kingdom Accounting Standards, including Financial Reporting Standard 102 The FInan1 Reporting StandBrd applicable in the UK and RepublAC of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinlon the finanu81 statements.. give a true and fair view of the state of the Charity's affairs as at 3151 December 2024, and of ils inconwng resour¢e$ and application of SOurces. including ils income and expenditure. for the yoar then ended,. have been property prepared in accordan with United Kingdom Generally Accepted Accounting PraCte,. and have been prepared in ac¢ordance with the requlrements of the Charities Act 2011. Basls for opinion We conductèd our audit in accordance with Inlemational Standards on Auditing IUKI {ISAs IUKII and applicable law. Our responsibilitie5 under those standards are further described in the Auditorfs responsibilities for the audit of the financial statements 5ectK)n ol our report. We ale independent of the Charity in accordance with the ethic81 requiremenis Ihat are relevant lo our audit of the financial statements in the UK, including the FRC'S Ethical Standaid, and we have fulfilled our other eth1 responsibilities in accordance with these requirement$. We believe that the audit evidence we have obtained is suffic&nl and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements. we have concluded that the Trustees. use of the going ¢oncem basis of accounting In the weparation of the finan81 statements is appropriate. Based on the work we have performed, we have not identrIed any material uncert8lnli8s relating to events or condition$ thal, individually or collectively, may cast significant doubt on the Charty's ability to continue as a going concem for a period of al least twefve rnonlhs from when the financial stslements are authorisad for issue. Our responslb11es and Ihe responsibilities of the Trustees with respect to going concem are desoibed in the relevant sections of this raptsrt. Other Infomiation The other inlomalion comprises the Information included in the Trustees Annual Report, other than the financial statements and our auditorfs report thÈr6on. The Trustees are responsible for Ihe other information contained within the Annual Report. Our opinion on the financial statements does not cover the other infom)ation and. except to the extent othetwise explicitly stated in oui rèport, we do not express any fom of assurance conclusion thereon. Our responsibility is to read the olher information and, in d(Mng so, consider whether the other inlomialion is material inconsislenl with the financlal stslemenls or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsislèncitrs or apparent material mi55lalemenls, we are required to delemiine whether this gives rise to a material mSsslalernent in the financial statements themselves. If, based on the work we have performed, wè conclude that there is a material misslatement of this other information, we are reqUId to feport that fact. We hav& nothing to report this gard. Matters on which we are rèquired to report by exceptSon We have nothing to report in respect of the following matters in rg1?lion to which the Charili&s (Accounts and Reports) Regulations 2008 require us lo report lo you if. in ou¥ opinion.. the formatiOn in the financial Statents Is Snconsistent li ary rnaterial respedwith the Trustees. report.. or the Chaiity has not kept adequate acUnting records,. or theffin8ncial stalernents are not agreernent vith the ac£ountrwJ records aThY relLThS; or we have not receved all the infr)mYdtion aTrY eWanatDnswe require forour audit.
Thg Domeywood Trust Independent Audltorfs Report to thg Trustees of The Dorneywood Trust Responslblllt1è9 of Tru¥tee5 As explainèd more fully in the Trustees. Responsibilits"es Statement set out on page 4, the Trustees are responsible for thè preparation of financial statements whi¢h give a true and fair view. and for such internal control as the TFUStees determine is necessary lo enable the preparation of financial statements that are free from material misstatement. whether due lo fraud or error. In preparing the financial slalemenls, the Trustees are responsible for assessing the Charity's ability lo continue as going concern. disclosing. as applicable. matters related to going concem and using the going concern basis ol accounting unless Ihe Trustees either intend to liquidate the Charity or to cease operation5, or have no realistic alternative but to do so. Auditorfs responsibilities for the audit of the financial statèments W& have been appointed as auditor under section 144 of the cha11¢3 Act 2011 and report in accordancè with regulation made under section 154 of that Act. Our objectives a to obtain reasonable assurance about whether the financial statements as 8 whole are free from material misstatement, whether due to fraud or error, and to Issue an auditorfs rsport 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 IUKI will always detect a material misstatement when it exists. Misstatements can arise frorn fraud or error and are considered material if, individually or in the 8ggreg8le. they could reasonably be expected to inffluence the economic decisions of users taken on the basis of these financial statements. Ir(egularities, including fraud. are inst8nce3 of non-compliance wth laws and regulations. We design w0dUreS in line with our responsibilities, oulined above. lo detect material misstatements in respect ol irregularities. including fraud. The sptr¢ific procedures for this engagamenl an¢J the extent lo which these ar& Pable of detecting irregularities, iluding fraud is detailed below". Enquiry of management, those charged with governance and the entity's solicitors around aelual and p)tenli81 litigation and claims., Enquiry of enbty staff in tax and complrance lunctlons lo Identify any instances of non-¢ompli8nce wth laws and regulations., Reviewing rninute5 of meetings of those charged with gov8rnance', Reviewing financkn81 stslement disclosures and testing to sUPPOrting documentation to assess cornpliance with applicable laws and regulations., Performing audit work over the risk of management override of controls, including testing of joumal entries and other adjustments for appropriateness. evaluating th9 business rationale ol significant tr8n88Ctions outside the nomial course of business and reviewing accounting &slimates for bias. Because Of the inherent limitations of an 8udil, there is a risk that we will not delect all iriegularities. including those lead5ng to a Jnaterial misstatement in the financlal statements or non-complian with regulation. This risk increases the mor8 that compliance with a law or regulation is rernoved from the events and transactions reflected in the financial Statements, as we will be ltrss likely lo become aware of instances of non-cornpliance. The risk is also greater regardin9 IgularitIeS occurring due to fraud rather than error, as fiaud involvès intentional cOnalMent. forgery. ¢ollusion, omi53ion or misrepresentatlon. Use of our report This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of thè Charities (Accounts and Reports) Regul81ion5 2008. Our audil work has been undertaken so that we might state to the Charily's Trustees those matters we a required lo state to them in an auditorfs report 8nd for no other purpose. To the fullest extent permilted by law. we do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for our audit work, for this report, or for the opinions we have formed. Wenn Townsend, Statutory Auditor Oxford 21st March 2025 Wenn Townsend is eluible to act 8S an auditorin lem7s Ofs8ctn 1212 of the Companies Act 2006.
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The Dorneywood Trust Balance sheet At 31st December 2024 Note 2024 2023 Flxed assets Investments Tangible assets 10,692,375 33,000 10,278,178 33,000 10 10.725,375 10.311.178 Current assets Stock Debtors Cash at bank and in hand Cash wrth investment manager 299 58,995 28,645 260,720 421 22,675 30.861 260.910 11 348.659 314,867 Creditors Amounts falling due within one year 12 164,9661 (60.4631 Net current assets 283.693 254.404 Net assets £11,009,068 £10,565,582 Funds: General fvnds Designated capital fund 283.693 10,725,375 254,404 10.311,178 Total funds 13 £11,009,068 £10,565,582 These accounts were approved by the Trustees on 21st Mar¢h 2025. Signed on behalf of the Trustees Lord Udny-Lister Kt PC The notes on pages 10 to 16 fomi part of these accounts
The Domeywood Trust Statement of Cash Flows for the year ended 31st December 2024 Reconclllation of net Income to net cash flow from operating activities 2024 2023 Net incomel{expenditure) for year Investment income IGains)Ilosses on investments Ilncreaselldecrease in deblorslstocks Increase in ereditors 443,486 1432,5561 1441,3821 {36,198) 4,503 121,490 (356,5151 1239,303} (8,9611 12.031 Net cash flow from operatlng acttvltles 1462.1471 1471,2581 Cash flow from investing activities Payments lo acquire investments Receipts from sales of investments Investment income received {965,3421 985,754 432,556 {2,029,2941 2,185,200 356,515 Net cash flow from financing activities 452.968 512,421 Net lnereas{deCfease) In cash and cash equlvalents 19,179) 41,163 Cash and cash equlvalents at 1st January 2024 £ 516.967 475,804 Cash and eash equivalents at 31st December 2024 £ 507,788 £ 516.967 Cash and cash equivalents conslst of: Cash al bank and in hand Cash held by investment managers in total 28,645 479,143 30.861 486.106 Cash and cash equivalents at 31st December 2024 £ 507,788 £ 516,967
The Domeywood Trust Notes to the account8 forthe year ended 31st December 2024 A¢counting policles a) Basls of preparation The Dorneywood Trust is a charitable incorporated organisation in England and Wales. 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 operatDns and principal activities are included in the Trustees, Report. The Charity constitutes a public benefit entity as defined by FRS 102. The financial stslemenls have been prepared in aceordance with Accounting and Reporting by Charities.. Slalemenl of Reeommended Practi applicable lo charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019, the Financial Reporting Standard applicab in the Unrted Kingdom and Republic of Ireland IFRS 102}, the Charities Act 2011 and UK Generally A¢epled Accounting Practice. The financial slalements are prepared on a going concern basis undei the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the Charity. The signifan1 accounting policies applied in the preparation of these financial statements are sel out below. These policies have been consistentty applied to all years presented unless otheNise slated. b) Funds Unrestricted funds are available for use al the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. This will include fulfilling the backl¢JJ repair programme. The designated capital fund comprises unwesth'cled funds that have been set aside by the Trustees as the capital fund needed to generate future income for the aims of the Charity. cl Incomo recognitlon All incoming resources are included in the Statement of Financial ActNilies ISOFAI when the Charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it IS Probable that the income will te received. d} Resources expended All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs Telated to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, il is probable that the setuement will be required and the amount of the obligation can be measured reliably. It Is calegorised under the following headings= The costs of raising funds include the fees paid lo investment managers in connection with the management of the Charity's listed investments and event running costs. The costs of activities in furtherance of the Charity's objects comprise expenditure on the Charity's primary charitable Pufposes as described in the Trustees, reporL Such costs include.. Salaries and wages f the Trust's employees Garden maintenance Caterers Council tax and insurance Travelling and motor expenses 10-
The Dorneywood Trust Notes to the accounts Icontinuedl forthe yearènded 31st December 2024 Accounting policies (continued) Healing and lighting Telephone Depreciation Sundry househokl expenses I the above costs are directly attributable to the activities in furthefance of the objects ofthe Charity- Govemance costs include those costs associated with meeting the consb'tutional and statutory requirements of the Charity and include the audit fees and costs linked lo the strategic management of the Charity. e) Tangible fixed assets and depreciation The house, grounds 2nd the majority of the contents of the house are in the ownership of the National Trust and consequently do not appear in these accounts. Depreciatton is provided al the following annual rates in order to write off each asset over Its eslimaled useful life.. Major improvements perannum on cost Paintings and fuinilure These are included at an historic value and no depreciation is charged as it is considered that the residual value is not below the valuation Investments Investments are included on the balance sheet at their market value at the end of the financial year. Realised and unrealised gains and 10$5e5 are credited, or debited. to the statement of financial activi(ies in the year in which they arise. g) stocks Stock consists of purchased goods for resale. Stocks a valued at the lower of cost and net realisable value. h) DebtOTS and credltors recelvable I payable within one year Debtors and creditors with no staled interest rale and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. i) Pension costs The Chaiity operates a defined contribub'on scheme for the benefft of its empioyees. The costs of contributions are written off against surplus in the year they are payable. J) Taxation Dorneywood is a registered Charity and is not liable lo income tax or corporation lax on income derived from rts charitsble activities as it falls within the various exemptions available lo registered charilies. l) Golng con¢ern The financial statements have been prepared on a going concern basis 2$ the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements on the Charity. The budgeted income and expenditure is sufficient with the level of reserves for the Charity lo be able to continue as a going concern. 11
The Dorneybvood Trust Notes to the accounts Icontlnued) forthe year ended 31st December 2024 Investment income and Interest receivable 2024 2023 Investment trusts and unit trusts Interest on cash held by investment managers 423,738 8,818 339.566 16,949 £ 432.556 £ 356,515 Actlvltles for raising funds Use of house and garden opening £ 24,722 £ 24.CE7 3b NatSonal Trust Investment income 19,951 £ 19,014 Cost of charitable a¢tivitigs Salaries and wages (including contractors) Insurance Household Catering Water, council tax and ulililies Repairs, renewals and refurbi%hment Garden expenses Healing and lighting Support costs (see 4a) 229,673 22,285 5.841 2.667 31,971 116,870 2,391 18,440 38,747 222,336 21,CK)3 9,602 1,738 21,109 133,052 10.648 22.512 36,534 Total direct charitable expendtiur¢ £ 468,885 £ 478,534 Support costs Governance costs (see note 61 Motor and travel costs Postage. slationery, telephone and other admin costs 28,678 4.353 5.716 28,093 3.591 4.850 £ 38,747 £ 36,534 12-
The Dorneywood Trust Notes to the accounts (continued) for the year ended 31st December 2024 Cost of raising funds 2024 2023 Cazenove investment fee Event catering Staff costs 54.369 5,988 578 52,019 10,139 403 £ 60.935 62,561 Governance costs Staff ¢osts Account8n¢y - Audit Non-audit 5,033 6.530 10,954 6,161 4,802 6,220 10.364 6.707 Legal fees £ 28,678 £ 28,093 Employees and staff costs Staff costs during the year were as follows.. Wages and salaries Social security costs Pension eosts Contractors and trwning 157,326 16.122 13.662 48,174 151,664 14,653 12,813 48,409 £ 235,284 £ 227.539 No employee earned in excess of £60,000 in this or the piior year. The average monthly number of employees during the year was 5 {2023.' 51. Trustees, and key management personnel remuneration and expenses The Trustees netther received nor waived any remuneration during the year. The total amount of employee benefits received by key management personnel for this year is £50,330 {2023.. £48.0191. The Trust considers its key management personnel comprise the Board of Trustees and the Secretary. The Trustees did not have any expenses reimbursed during the year. 13-
The Domeywood Trust Notes to the aceounts Icontinuedl for the year ended 31st December 2024 Fixed asset investments At 31 st December 2024 fixed assets investments compri5ed'. 2024 2023 Listed investments and cash held for reinve5tmenl £ 10,692.375 £10,278,178 Listed Investments and cash held for relnvestments Llsted investments Market value at 1 st January 2024 Additions at ¢05t Disposal proceeds Net realised investment gainsl(losses} Net unrealised investment gainslllosses) 10.052.982 965.342 (985,754} 9,969.585 2,029,294 12,185,200} 29,918 411,464 (17,0491 256.352 441.382 239,303 Market value at 31st December 2024 10.473,952 10,052,982 Cash held by investment managers for reinvestsnent 218,423 225,196 £10,692,375 £10.278.178 All listed investments were dealt in on a recognised stock exchange. Listed investments held at 31st December 2024 comprised the following: Responsible Multi-Asset Fund Investment trusts and unil trusts 3,109.918 7,364,034 2,988,646 7,064,336 £10.473.952 £10,052.982 14-
The Dorneywood Trust Notes to the accounts (continued} for the year ended 31st December 2024 10 Tanglble flxed assets Flxtures, flttings & Improv¢rnents equipment Totsl Cost or valuatlon Al 1st January 2024 Additions 1,109,780 62,774 1,172.554 At 31st December 2024 £ 1,109.780 £ 62,774 £ 1,172,554 Depreciation At 1st January 2024 Charge for year 1,109,780 29,774 1,139,554 At 31 st December 2024 £ 1,109,780 £ 29,774 £1,139,554 Net book values At 31st December 2023 and al 31 st December 2024 £ 33,000 £ 33.000 11 Debtors 2024 2023 Debtors Prepayments and attrued income 2,307 56,688 1,300 21,375 58,995 £ 22,675 12 CditOrs. amounts falling due within one year Trade creditors Accruals Other credtto 29,373 29,836 5,757 29,736 24,961 5,766 64.966 £ 60.463 15-
The Domeywood Trust Notes to the accounts Icontinuedl for the year ended 31st De¢ember 2024 13 Analysis of net assets by fund Current year Unrestricted Funds 2024 Deslgnated Funds 2024 Total Funds 2024 Fixed assets Investments Cash held Other current assetsAiabllities 33.000 10,473.952 218,423 33,000 10,473,952 507,788 15.672) 289.365 {5,672} Totsl £ 283,693 £ 10.725,375 £11,009.068 Prioryear Unrestri¢ted Funds 2023 Deslgnated Funds 2023 Total Funds 2023 Fixed assets Investments Cash held other current assetslliabilities 33,000 10,052,982 225.196 33,000 10,052,982 516,967 137,3671 291,771 137,367) Total £ 254,404 £10.311,178 £10,565.582 14 Related party transactions There are no related paty transactions durin9 the period12023.. £nill. 16-