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 ne￿Ssary, 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 be￿een 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 FInan￿￿1 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 PraCt￿e,. 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 eth￿1 responsibilities in accordance with these requirement$. We believe that the audit evidence we have obtained
is suffic&nl and appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements. we have concluded that the Trustees. use of the going ¢oncem basis of accounting In
the weparation of the finan￿81 statements is appropriate.
Based on the work we have performed, we have not ident￿rIed any material uncert8lnli8s relating to events or condition$
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 responslb11￿es 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 reqUI￿d 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 State￿nts Is Snconsistent li ary rnaterial respedwith the Trustees. report.. or
the Chaiity has not kept adequate ac￿Unting 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 cha￿11¢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 w0￿dUreS 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, i￿luding
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
I￿gularitIeS occurring due to fraud rather than error, as fiaud involvès intentional cOn￿alMent. 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 Ofs8ct￿n 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 signif￿an1 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
C￿ditOrs. 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-