The Dorneywood Tiust
Charity Registration No: 1181660
CIO No.. 016267
Accounts
for the year ended
31st December 2025
Wenn Townsend
Chartered Accountan15
Oxford

Th* Domeywood Tiust
Referen¢¢ and AdministratNe Inforniation
NKola Andrews
Viscount Chandos
Lord Udnyli5ter Kt PC
Jeremy Mcllroy
Ingrid Samuel
Juliet Souter
Secretsry:
Sue Saville
Reglstsred Charlty No:
1181660
Reglstered Offl¢e:
Dorneyw(>yJ
8urnham
Buckinghamshire
SL18PY
Auditors:
Wenn Townser
Chartered Accountants
30 Sl Gites
Oxlord
OX13LE
Bankers:
Lbyds Bank PLC
POBox1000
Andover
BX1 1LT
Investment Managern:
Cazenove
12 Moorgale
London
EC2R 6DA

The Domeywood Trust
TNstees' report on the accounts
for the year ended 31st December 2025
The Trustees present their rewt and the audit￿ financial stslements of the Charity for the year erKled 31st
December 2025. The Trustees have adopted the provisions of the Statement of Recommended PraCt￿e
ISORPI 'Accounling and Reporting by Chari(ies' IFRS 102} ￿ preparing the annual report and financial
ststements ofthe Charity.
Objective5 and activtties forthe public benefit
The prime purpose of the Trust is that of maintaining and improvin9 the property and e5tale at Dome￿00d.
The Trustees welcomed 209 members of the publK during the Garden onty opening and 572 to the House &
Garden opening during the yeat. Trustees weie particularty heartened that many young people continued to
benefit so much from u51ng the Scout Campsite. to the northern end of the Estste.
Activities
The Tnjstees cary out the Trust's objectwes by employing a small team of staff, professional advisers and
contractors, reviewing theirwork al reguL2r interva15. The Trust a150 benefts from the support of a group of loyal
volunteers. The D¢rneywood Trust's actNities are overseen by the Secretary.
As 8 re$uEt of careful management of resouT¢es over many years, the Trustees have accumuFale(I capital to
generate a lolal ietUTn on their investments towards meeting expenditure requirements over time. Apart from
the routine cost of maintaining the House, contents. outbuildings, Garden and wider Estate. the Trustees cary
otrt, when necessary, major WOTks lo maintain the whole propety to an approprrale standard.
Public benefit statement
The Trustees have complied wf(h their duty lo have due regard to the guidance on publlc benefit published by
the Charty Commission in exercising their powers and duties.
Fundraising standards infomiation
The Charity does not carry out significant public fundraislng activities.
Achievements and performance
The Tr4Jslees underttr)k a Quinquenni81 SuNey lQQ} during 2021 whth confimied "the overall conditson of
Dorneywood House and the historic estate buildings is coming up. and despf(e the exceplionalty difficutt
circumstances of the 18St 18 months of pandemic, much good work has been achieved.. Wt)rk Continued in
2025 to address any oulstsnding priorities from the 2021 Survey. A further QQ will be undertaken in May 2026.
A small band of dedicated Garden volunteer5 SUPPOrted the Trust throughout Ihe year. The Trust was 8tso
supported by a committed group of volunteer Room Guides in opening tho Housg lo the public daity during two
weeks in June and JLEIY.
Financial review
During the year under revivu the Trust's funds increased by £824k, of whKh £943k wa$ du¢ lo an increasg in
investment values. There wa5 an operating surplus of £21k before investment in major projects of £111k.
The perfomanee of the investment portfolio is measured against varsous benchmarks including the FTSE AII
Share Index and the Brit. Gov Al Stocks Index. with an objective of maximising total return ak)ngside
reasonable level ol income over a ksnger-lemi time horizon. During this year the investrnent funds have been
fairly resilient given conditions, and the de¢rease in portfolio value broadty in line wlh the benchmarks.
Reserves policy
The Charty carries out a Tange of maintenance and improvement activf(ies, some of whieh require SIqn￿l¢onI
financial commitment and investment. Investment in the House and Estate in the past ten years has en$ured
that the Pioperty is now in good condition overall. The emphasis is on carefully planned maintenance
reducing the incidence of unforeseen emergency repairs. Trustees want to ensure that this is sustained in the
longer tem by making 8dequale prov¢sion to meet the ongoing maintenance reqLtirements of this important
property.
The Trustees have examined the requirements for free reseryos, i.e. those unroslricted funds not invested in
tangible fixed assets, designated for specffic purposes or olhefwise committed. The Trustees, policy is lo
operate on the basis of being able to continue tr> generate sufficient incoming resources to use towards
meeting its charitable objects and to accord wf(h its principal aims.

The Dorneywood Trust
Trustees. report on the a¢¢ounts
for the year ended 31st D¢¢ember 2025 {contlnued)
Re$eNes pollcy {¢ontlnued)
The balance sheet shows unre51ricted reserves of £11,833k12024- £11,009k). £193k {2024.. £284kl of this is
deemed freely available. The designated Capital fund balance is represented entirely by tsngible fixed assets
and investments. Investments wrth a value of £11,607k {2024.' £10,692k) are helLf at 31st December 2025 in
order to generate sufficient resources for carrying out the future objects of the Charty-
Investrnent policy and perforniance
The inve5trnen15 are acquired in accordance wlh rThers available lo the Tfustees. The investment strategy is
Sel by the Trustees and lakes into account income requirements, the risk profile and the investment manager's
view of the mathel prospects in the medium term. The overall investment pcAiey is to maximise relum, aiming lo
provide the level of Tesources advised by the Trustees whilst at the Same lime, aiming to ensure that capital
appreciation of the fund exceeds inftatKsn over any fivg-year perKKI.
The Trustees have held discussKJns with their managers regarding suslainabilty and a￿ pleased to note they
are signed up lo the United NatKJns Principles for Responsib￿ Investing.
The Trustees meet formally with the investment managers twice a year lo review the perfomance of the portfolio
and the investment managers. The investment managers report four times a year lo the Trustees. The TrLt5tees
are satisfied thal the aims of their investment policy are being achieved.
In addrtion. the Trustees have moved part of the portfolio into the Responsible Mulli-Assel Fund, the aim of
which is lo have a positive impact on people and the plangl by aV￿dIng hami through ESG integration and
exclusions.
Risk Management
The Trustees have assessed the major risks to which the Charty is exposed, in partiCLtlar those relating to the
specific operational areas of Ihe Charity, its investments and ils finances. The Trustees bolieve that by
monitoring reservo levels, by ensuring controls exist over key financial systems. and by examining the
operational risks faced by the Charity. they have established effeclsve systems lo mitigate those risks. The
Trust applies best pra¢lice in 811 aspects of property and estsle management al DOrne￿Ood.
Plans forluture periods
The Trustees will continue to maintain the property and estate of Doyneyw￿￿. In line wlh its Charitable
purposes.
structure. Governance and Management
The Domeywood Thomson Endowment Trust Fund'B' was an expendable endowment fund established on 23rd
June 1944 and governed by a Settlement of that dale.
The relatsonship befv￿en the role of the National Trust and that of The Dorneywood TrLtst was consKlered and
defined by Mr Justti Vaisey in the Chancery DivisKJn of the High Court of Justice on 17th DKember 1954.
The Fund was transferred lo The Domeywwj Tnjst, a Chantable Incorporated Organisation ICIOI, and its
activrties have been conducted through this vehrcle since 1st May 2019.
Key management personnel remuneration
The Board of Trustees and the Seeretsry are the key management personnel of the Charity in Charge of
directs'ng. controlling and operating the Charity on a day-lTrday basis. All Trustees give their time freety and
no Trustee remuneration was paid in the year. Details of Trustee expenses and related party transactions are
disclosed in note 8 to the aecounts. The salaries of the Seerelary and all other members of staff are revtewed
ann￿￿ty.

The Dorneywood Trust
Trustees, report on the accounts
for the year ended 31st Decgmber 2025 {contlnued}
Trustees
Under the Con$litulK)n of the CIO, approved by the Charty C¢xnmissK)n on 21st January 2019. the body of the
Trustees shall consist of up to four appointed compgtenl persons. Two lurthef Tntstees are nominated by the
Prime Minister. one being a person holding Cabinet or Ministerial rank while th81 Ferson holds the same office
as when appointed. The Council of the National Trust appoints one further Trustee.
Excepl for the nominated Minister. Trustees are all appointed for a pe￿0d of fwe years. renewable thereafter for
a further period of fve yeaTS, subject lo the agrfjemenl of all the Tru51ees.
The Trustees in office during the year, and $in¢e the year end, were as follows..
Parliamentsry nominations-
Lord Udnylister Kt PC I￿Pointed chaimwn from 2181 March 2025)
V15counl Chandos lappoinled 21si March 2025}
National Trust Truslee..
Ingrid Samuel
Appointed Trustees:
Lord Hollick {chairman. resigned 21st March 20251
Nicola Andrew5
Jeremy Mcllroy
Juliet so￿er
Statement of Trustees. responsibllltles
The Trustees are responsible for preparing the Trustees, Annual Report and the Financial Statements in
accordance wf(h applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally
Accepted Accounting Praeticel.
The law applieabFe lo chaiilies In England & Wales requires the Trustees to prepare financial $18lements for
each financial year. which give a true and fair view of the slate of affairs of the Charity and of the incoming
resources and application of resources of the Charty for that year. In preparing these financial stalemenls. the
Trustees are required to..
Select suitable accounting policies and then apply them eonsistenlty-,
obSe￿e the methods and principles in the Charities SORP 2019 IFRS 102).,
Make judgements and estimates that are reasonable and prudent..
stste whether applicable accounting stsndards have been followed. subject lo any materfal
departures disclosed and explained in the financial statements",
Prepare the finan¢ial stalem¢nls on Ihe going concern basis unless st is inapproprhqte lo
presume that the Charity will continue in operation.
Thg Trustees are responsible for keeping proper accounting records that disclose with reasonable ac£uraey at
any time the financial position of the Charity and enable them to ensure that the financial statements comply
with tho Charities Act 2011, the Charity {k¢ounts Reports} Regulations 2008 and the provisions of the Trust
deed. They are also responsible for saleguarding the assets of the Charity and hence for taking reasonable
$lep5 for the prevention and detection of frautj and other irreguFar¢ties.
This report was approved by the Tiustees on 20th March 2026.
Slgned on behalf of the Trusteos
Lord Udnyilster Kt PC

The Domeywood Trust
Indeptndent Auditorf$ Report to the Trustees of The Oorneywood Tiust
Oplnlort
We have audited the financias stat*m8nts of The Domeywood Trust {Ihè 'Charity'l for the year ended 31st December
2025, which eomprise Statsmenl of Finanual Actiwties, the Balance Sheet, the Statgm8nt of Cash Flows and notes to
the financial statements. incl(*ding a summary Of significant accounting pol￿￿$. Thè finanryal reporbro framework that
has been applied in their pmparation r6 applFcable law and United lQngdom Accountiro Standards, ind￿￿n9 Financlal
Rtportlng Standard 102 The Financial Repoitng StBnd8nl applicable in the UK and Republic ofireland Iunitsd Kin9dorn
Generally Accepted Accounting Prach"c81.
In our opinion the financial statemonts..
give a true and fair view of the state of the Charity's affairs as at 31st Deetrnber 2025. 8nd ol its inccming resources
and application of resources, induding ils income and expenditure, for the year then ended.,
hav& ba•n propèrly prepared in accordan￿ with Unitad Ilngdom Generally Accepted AcLwnting Pc8th"ee', and
have been prepar8d in accordan￿ with the fequlrgm&nts ofthe Charities Act 2011.
Basi$ for opinion
We COnd￿d our audit in accordan￿ wth Internth'onal Standards on Auditing IUKI IISAS IUKII and applicabkg law. Our
re5ponsikn'lities under those standards ai8 furthér d8scrib8d in the Auditors fesponsibilities for the audit of the financial
statements sectron of our report. We are independent of the Charity in aCctsrdan￿ with the ethical requirements that ar6
rolevant to OUT audTrt of the financial statements In the UK. induding the FRC'S Ethical StsndaTd, and wt have fvlfilkd our
olher ethical responsibilities in accordance with thssa raquirements. ￿ believe that audit èvldenee ￿ have obtsined
is sufficient and appropriate to PTovvJe a basis for our opinion.
Con¢lu$lon$ rglafjng to goln9 ¢on¢em
In audrting the financial statements, w8 have c￿Cluded thatthe Tiustees. usè of thè goir@ concern basi5 of accounting in
the prep8r*"on of thè financial statements is appropriate.
Based on the work we have performed, we have not identified any material ￿n￿rtainti8$ relating to 8vents or ￿TryI￿On$
that, indimdualty or collectively, may cast sBJnific8nt doubt on the Charity's ability to continue as a going can￿rn lor a
pariod ol at lea5ttsvelve mmths fr(¥n when the financial statements aro suthorised for issue.
Our ￿spOnsibl1￿"eS and the responsibil￿$￿ of tho TNstees with respect to golng eoneèm are described in the relevant
s#th"ons olthis raport
Other Infomiatlon
The other infomation compri5e5 the inforrnatioTr included in the Tnjstees Annual Rsport, other than the financial
5tatement5 and ¢)ur auditor's report thereon. The Trustees are responsible for the ¢ther infomi8lion contained wthin the
Annual ReporL Our opinion on thè finanaal 5taternents doe3 not cover the other infomiation and, exeept to the extent
othewise expliatly stated in our report. we do not express any fomi of assurancè conclusion thei80n.
Our respcwtt)ility is to read thè other Information and, in d¢tng 80. consider whether the other lnfomiats.on bs materialty
inconsistent with the financial statemènts or our knowledgg obtained in the course ol the audit or othetwise appears to be
materially misstated. If we identify such makrial inconsistencies or apparefit rnatenal Mi5Stat￿ents, we are required to
delerniine whether this give5 rise to a material misstatemènt in the financial ststements themsdves. 11, based on the work
we have perf0M￿d, we condudè that thare i5 a rnat8rial mi5ststement ol th¢s other infomiabon. we are raqktiied to report
that fact.
We h8ve nothing to report #7 this
Matters on whl¢h wo are r¢qulrgd to r•port by •x¢•ptlon
We have nothing to report in ￿Spect ol the fofivwiny matt8r5 in relaticn to which the Chartties (Accounts aThJ Reports)
Regulatt"ons 2008 ￿u+re us to report tt) you il. in our opinion.
infumation gwen in the fiwaal statemerts is WKonsi$tentin *y material r85FÉrtwitt>ts TFu*Res' Iqrt" or
Chanty has not kept8dequate a￿￿nting reoyds., or
finarviaf 5tatgmeni¥ are not inagreementbmth the aCC￿jnI"tTrJ Tecords and retums,. or
e have nck all the infomiation arvj ewanatiorts * Itquirè fo-ouraud

The Domeywood Trust
Independent Auditorf$ Roport to the Trustees of The Dorneywood Trust
Re$pon3lblll¢l¢$ of Trust￿$
As explained more fulty in the Trustees. Responsibilityes Statement set out on page 4. the Trustees are responsible for the
preparaty'on ol financial statements which give a tru6 and fair wew. and for such intemal control as tre Trustees determine
is necessary to enab￿ Ihe preparation of finan¢ial $tstements that a￿ free from matèTr81 misstatwn•nl. whether due to
fraud or error.
In preparing the financial statèmènts. Trustee5 are responsible for assessing the Charity's obilty lo ¢mlirEuè 88 a
going concern, disc105ing. as applicable, matters rsfatod to going con￿rn and usiTrJ the going concem basis ol
aco)untiry unless the Trustees either intend to liquidate the Charity or to cease operations, or have no realisbc alternative
but to do so.
Audltorfs re8pon81bllltles for the audlt of tht financial $tstements
We have been appointed as auditor under section 144 of the Chaiities Act 2011 and report ln accordan￿ wlth r8gulatirms
made under section 154 of that Act.
Our objocbves a￿ to obtain reasonabl¢ assurance about whether the financlal statem6nts ag a wholè are tree fr¢m
rnat8rial mi5Statemen( whether due to fraud or error, an¢J to issue an auditorfs report that indudes our opinion.
Reasonable assurance is a high level of assurance, but 15 not a g(tarantee that an audit conducted in accordance Mth
ISAS IUKI wll a￿AyS d6tect a mst8rial rnisstalemenl when il exists. Misstatements can arise from fiaud or erioi aTKI 8rg
considèred rnaterial if, individualty or the aggregate. they coukl reasonably be expected to Influen￿ the economic
decisions ol users taken on the basis of these ffirtaneial staternents.
IrregulaTits"e5, including fraud. are Instsn￿$ of non4ompliance with law5 and regulation5. We design pr(￿RdureS in line
w¢th our responsibilities, outlined above. to detect matsrial rnisstslernents in Tespect of Irregulanties, including fraud. The
specific prO￿dureS for V)is engagsmant and th8 extent tg whith these are capabl8 of detecting Irregular￿.¢9, indudiNJ
fraud is detailed bel¢)W".
Enquiry of management, those charged wlh governar￿￿ and the entity s soliators around actual and potential
lib"gth"on arKI claims,.
Enquiry of entity 51aff in tax and Complian￿ fijnctions to identify any instancè$ of rrf)n-¢ompJian¢e with laws and
re9ulations',
Rev¢ewing minutes of meeting5 of Ihose charged with governan￿..
Rewèwing fin¥n¢ial staternent disclosu￿$ and testing to supportlng documentstion to assé&8 corn￿lance wth
applicable18w5 and regulat'on$',
Perfom)ing audit work over the ￿sK of m8nagem6nt override of ¢ontrds. including test4ng of joumal entries and other
adjustsllents lor appropriateness, evaluating the bu5ine$5 rationale ol sunificant transactions outside tho normal
course of busin8ss and rev￿Wing accountsng estimates for brds.
Because of the inherent limitations of an audiL there is a risk that we will not detect all irregularth"es, including th¢YJe
ading to a Thaterial misstatement in the financial statements or non-compliance wth regulation. This risk incieases the
more that Cornplian￿ wth a law or regulation Is removed from the trvents and tran5a¢bons reflected in the financAal
statements, as we will be I&s5 likely tg becomo aware of instances of non4omplwn￿. The risk is also 9￿&ter règarding
irre9ularskn.es ¢xcurriFvJ due to traud rather th8n eN¢x, as fraud involves intentional conceaknent, for￿ry. collusion,
omission or misrepreaentstion.
Use of our report
This report 13 m8de solely to the Charty's Trustees, as a body. in accordan￿ Part 4 of the Charltss (Awjnts aThY
Reports) Regulations 2008. Our audit w(Kk has bèen un¢Jert8k8n so lh* we might stsle to the Charity's Tr￿teeS those
matters we a￿ wuired to statè to them in an auditorfs report and for no other purpose. To the fvllest extent ￿rMitted by
law. we do not accept or assurne responsibility to anyone other than the Charity and the Charity's Trustees 8s a body, for
our audit work, for this report, or the opinions wo have lomiad.
fv_fwJa
Wenn Townsend. Statutory Audltor
Oxford
201h March 2026
Wenn Townsend is elwible to 8cI as an auditorin Ipnns of sect￿n 1212 of the Compan￿$ Act 2006.

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The Domeywood Trust
Balance sheet
At 31st December 2025
Note
2025
2024
Fixed assets
Investments
Tangible assets
11,606,854
33,000
10,692,375
33,000
10
11,639,854
10,72S.375
Current assets
St￿k
Debtors
Cash al bank and in hand
Cash with investment manager
763
299
58.995
28,645
260.720
11
21,244
194,868
251,261
348,659
Creditors
Amounts falling due
wi(hin one year
12
158,0491
164,9661
Net current assets
193,212
283,693
Net assets
£11.833,066
£11,009,C68
Funds-
General lunds
Designated capital fund
193,212
11,639,854
283.693
10,725.375
Total funds
13
£11,833,066
£11.009,068
These accounts were approved by the Trustees 20th March 2026.
Signed on behalf of the Trustees
Nicola Andrews
The notes on page$ 10 to 16 fomi part of these accounts

The Dorneywood Trust
ststement of Cash Flows
forthe year ended 31st December 2025
Reconclllation of net Income to net cash flow from opeTatlng activltle$
2025
2024
Net incomellexpendilure) for year
Investment income
IGainsMosses on investments
Ilncrease}Ideerease in deblorslstoeks
Increasel{decrease) in creditors
823,998
1388,891}
{942,8041
24.145
{6.9171
443.486
1432,556)
1441,3821
{36,1981
4.503
Net cash flow from operatlng activltles
1490,469)
1462,1471
Cash flow from Investlng actlvltles
Payrnents to acquire investments
Receipts from sales of investments
Investment income feceived
11.706,374)
1,640,664
388,891
1965.342)
985,754
432,556
Net cash flow from flnanclng actlvitles
323,181
452,968
Net 1ncr0asel{d￿r￿￿l In cash and cash equlvalents
{167,2881
{9,1791
Cash and ca$h equlvalgnts at 1st January 2025
£ 507,788
516,967
Cash and cash equivalents at 31st December 2025
£ 340,5
£ 507,788
Cash and cash equivalents consist of..
Cash at bank and in hand
Cash held by investment managers in total
21.244
319.256
28,645
479,143
Cash and cash equivalents at 31st December 202S
£ 340,$00
£ 507.788

Thè Domeywood Trust
Not9$ to the accounts
for the year gndod 31st December 2025
Accounting policies
a) B•sl$ of preparatlon
The Dorneywo¢xl Trust is a charitable incorporated organi5ation in England and Wales. The address
of the registered office is given in the Charity information on page 1 of the$e financial slalemenls.
The nature of the Charty's operations ar5d principal activities are included in the Trustees. Report.
The Charity conslilules a public benefit enthy as defined by FRS 102. The financial statements have
been prepared in accordance with Accounting and Reporting by Charities.. Slalemenl of
Recommended PraclKe applicable to charities preparing their a¢￿unt$ in accordance with the
Financial Reporting Standard apPI￿able in the UK and Republic of Ireland (FRS 102} Issl￿d in
October 2019, the Financ￿1 Reporting Standard appI￿able in the United Ktn9dom and RepublK of
Ireland IFRS 1021. the Charities Ad 2011 and UK Generalty Accepted Accounting Practice.
The financial statements are prepared on a going concem basis under the historical cost convention,
modfvd to include certain r(ems al fair value. The financial statements are presented in 51erling
whKh is the functK)nal currency of the Charity.
The significant accounting poI￿leS applied in the preparation of these financial ststements are sel out
below. These policies have ￿en ¢onsi51entty applied to all years presented unless othe￿￿%￿ slated.
bl Funds
Unrestricted ftjnds are available for use al the dI￿￿tIon of the Trustees in furtherance of the general
objectives of the ChaFty and wh￿h have not been designated for other purposes. This will include
fulfilling the ba¢kbg repair prryJramme.
The designated Capital fund ¢ompTises unrestricted funds that have been set aside by th¢ Trustees
as the Capital fvnd needed to generate future income for th¢ aims of the Charty.
) Income recognition
All Incoming resources are included in the Statement ol Financial ActAirties {SoFAI when the Charty
is legalty enti(led lo the income after any perfornian￿ conditions have been met. the amount can be
measured rdiabty and il probable that the income will be receThred.
dl Resources expended
All expenditure is accounted for on an attTuals basis and ha5 been elassrfied under headings that
aggregate 811 eosts related to the category. ExpendrtUTe is re¢ognised where there ts a legal or
constru¢tNe oblyation lo make payments to third parties. il is probable that the settlement wlll be
required and the amount of the obligation can be measured reliably. li is categorised under the
fomowing headings..
The costs of raising funds include the fees paid to investment managers in connection wrth the
management of the Charty's listed investments and event running costs.
The costs of aclNrties in furtherance of the Charity's ¢)bjects ccmpri8e expenditure on the
Charity's primry charitable pU￿oseS as described in the Trustees. report. SLKh costs include".
Salaries and wages for the Trusys empbyees
Garden maintenance
Caterers
Council lax and insurance
Travelling and motor expenses
-10-

The Domeywood Tn
Notes to th• accounts (continugdl
for the ygar ended 31st Decernbgr 2025
A¢¢ounting policies Icontinuod
Healing arKt lighlir
Telepht)ne
Depreciation
Sundry househoid expenses
All the above costs are directty attributable to the activities in furtherance of the objects ofthe Charity.
Goveman¢& costs include those costs associated wtth meeliri9 the constf(ulional and stalulory
requirements of the Charity and include the audit fees and costs linked to the strategic
management ofthe Charty.
e) Tangible r￿ed asset$ and depreciation
The house, grounds and the majority of the contents of the house are in the (p￿nerShiP ofth¢
NalKJnal Trust and Consequent￿ do not appear in thgse accounts.
Depreciation is provkled al the following annual rates in order to write off each asset over its
eslimaled useful lffe.
Major improvements
100A per annum on cost
Paintings and furniture
These are Includ￿ at an historic value and no depreciation is
charged as Èl is consid$red that the restdual value is not below
the valuation
fj Investments
Investments are included on the bala￿e sheet at their market value at th& etmf of the finanual year.
Realised and unrealised gans and losses are Cfediled, or debited, to the statement of finaneHI
aclivi(ies in the year in wh￿h they arise.
gl Stocks
Stock consists of purchased goods for resale. Stocks are valued al the lower of cost and nel
reali%able value.
h) Debtors and ¢redltors receivable I payable viithin ono year
Debtors and ¢redi(ors with no stated interest rale and re¢eivable or payable within one year are
recorded at transaction price. Any k)sses arising from impaim)enl are ￿cOgnISed in expenditure.
11 Pension costs
The Charity operates a defined contribLrtion Scheme for the benefft of its employee5. The costs of
¢ontributions are written off aaainsl surplus in the year they are payab￿.
J) Taxatlon
DorneYw0¢￿ is a re9islered Charty and is not liable to income lax or corporation tax on Income
derived from its charitable 8clivilies as it falls wi(hin the various exemptions available to registered
Charities.
l) Going wn¢om
The financial slalemenls have been prepared on a going concern basis as the Trustee5 believe
that no material uncertainties exist. The Trustees have considered the level of funds held and the
expected level of income and expendiluie for 12 months from aulhorising these financial
statements on the Chaiity. The budgeted income and expenditure is suffscienl with the level of
reserves for the Charty to be able lo continue as a going concern.
11

The Domeywood Trust
Notes to the accounts {contlnued)
for the year end¢d 31st December 2025
Investrnent income and interest re¢elvable
2025
2024
Investment trusts and unil trusts
Interest on cash held by investment managers
379,401
9,49Ql
423,738
8,818
£ 388,891
£ 432,5S6
Actlvltlg$ for ralslng fvnds
Use of house and garden opening
£ 32,654
£ 24.722
3b
National Trust
Inveslm8nl incom8
£ 17.376
£ 19,951
Cost of ¢haritablo activltie$
Salaries and wages (including contractors)
Insurance
Household
Catering
Water, council tax and ulililies
Repairs. renewals and refurbi5hrnent
Garden expense5
Healing and lighting
Support costs {see 4a)
242,120
23,656
8.805
4.269
19,309
139,529
9,827
22,217
46.889
229,673
22,285
5.841
2.887
19.648
116.870
14,714
18,440
38,747
Total dlrect ¢harltable expendlture
£ 513.481
£ 468.88S
Support costs
Governance costs (see note 6)
Motor and travel costs
Postage. ststionery, telephone and other admin costs
30,780
6,217
6,952
28.678
4.353
5.716
£ 43,949
£ 38,747
12.

The Dorneywood Tmst
Notss to the accounts Icontinuedl
for the year ended 31st December 2025
Cost of ralslng funds
2025
2024
Cazenove investment fee
Event catering
Staff costs
56,649
7,148
1,954
54,369
5.988
578
£ 65.751
60,935
Governance costs
Staff costs
Accountancy - Audit
Non-audil
5.373
5.100
12,610
7.697
5,033
6,530
10,954
6,161
Legal fees
£ 30,780
£ 28.678
Employees and staff costs
Staff costs during the year were as follows..
Wages and salaries
Social securrty costs
Pension costs
Contractors and training
165,372
19,922
14,975
49.178
157.326
76,122
13,662
48.174
£ 249.447
£ 235,284
No employee earned in excess of £60.000 in this or the prior year.
The average monthly number of employees during the year was 512024.. 5}.
Trustees, and key management personnel remuneratlon and expenses
The TrLFslees néither received nor waived any remLtneration during the year.
The lolal amount of employee benelrts received by key management person￿1 for this year is £53,374
12024.. £50,330). The Trust consider5 Ils key management personnel ￿MpriSe the Board of Trustees
and the Seeretary.
The Trustees did not have any expenses reimbursed during the year.
-13-

The Domeywood Trust
Notes to the accounts Icontinuedl
forthe year ended 31st December 2025
Flxed asset Investments
Al 31st December 2025 fixed assets investrnents comprised..
2025
2024
Listed investments and cash
held for reinvestment
£ 11,606.854
£10.692,375
Listed Investments and cash held for relnvestments
Ltsted Investments
Market value al 1st January 2025
Additions at cost
Disposal proceeds
Nel Tealised investment gainslllossesl
Nel unrealised investment gainslllosses)
10,473,952
1,706,374
11,640,664)
10,052.982
985,342
1985,7541
38,923
903.881
29,918
411.464
942,804
441,382
Market value al 31st December 2025
11.482,466
10,473,952
Cash held by investment managers for reinvestment
124,388
218.423
£11.606,854
£10.692.375
All listed investments were dea￿ in on a reGognised stock exchange.
Listed investments held al 31$t December 2025 comprised the following..
Responsible Mulli-Assel Fund
Investment trusts and unil trusts
8,156,220
3,326,246
3,109,918
7,364,034
£11,482,466
£10,473,952
-14-

The Domeywood Trust
Notes to the accounts Icontinuedl
for the year ended 31st December 2025
io
Tanglblè fixed assets
Major Paintings &
irnprovernents
furniture
Total
Cost or valuation
At 1$1 January 2025
Addition5
1,109,780
62,774
1,172,554
Al 31st December 2025
£ 1,109,780
£ 62.774 £ 1,172,554
Depreclation
Al 1 $1 January 2025
Charge for year
1,109,780
29,774
1.139,554
At 31st December 2025
£ 1,109.780 £ 29.774 £1,139,554
Net book values
At 315t Decernber 2024 and
al 3151 December 2025
£ 33,000 £ 33,000
11
Debtors
2025
2024
Debtors
Prepayments and accrued ineome
1,050
33,336
2,307
56,688
34,386
£ 58,995
12
Credltors: amounts falllng du6 within one year
Trade creditors
Accruals
other creditors
21,215
30,789
6,Q45
29,373
29,836
5,757
58,049
£ 64,966
15-

The Domeywood Trust
Notes to the accounts {contlnugd)
for the year ended 31st December 2025
13
Analysis of net assets by fund
Current year
Unrestrl¢tsd
Funds
2025
Deslgnated
Funds
2025
Total
Funds
2025
Fixed assets
Investments
Cash held
Other current assetsniabililies
33,000
11,482,466
124,388
33,000
11,482,466
340,500
{22,9001
216,112
(22,9001
Total
£ 193.212
£ 11,639,854
£11,833,Q66
Prior year
Unrestrlcted
Funds
2024
Deslgnated
Funds
2024
Total
Funds
2024
Fixed assets
Investments
Cash held
Other current asselsrtiabilitie5
33,000
10,473,952
218,423
33.000
10,473.952
507,788
15,6721
289,365
{5,6721
Total
£ 283.693
£10.725,375
£11.009.068
14
Related party tran$a¢tlons
There are no related paty transactions during the peT¢od {2024.' £nill.
16-