MOORE
THE WILLIAM SCOTT ABBOTT TRUST
REGISTERED CHARITY NUMBER: 233603
TRUSTEES, REPORT AND CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

THE WILLIAM scorr ABBOTT TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Regtstered charity number:
233603
Trustees:
Mrs R M Wild
Mr D Pickering
Mr M E Grange
Mr A N Lazenby
Mrs S M Barnhursl
Mr D W BLJrgess
Mrs G Bradshaw lappoinled 27 March 20241
Mr Paul Fieldhouse lappointed 27 March 20241
Mr Simon Leeds (appointed 27 March 20241
Principal Address:
Sa¢rewell Farm & Country Centre
Great North Road
Thornhaugh
Pelerborough
PE8 6HJ
Auditors:
Moore
Charl8red AcGountants
Rullar¢d House
Minerva Business Park
Lynch Wood
Pelerborough
Cambridgeshire
PE2 6PZ
Bankers:
Barclays Bank plc
Benet street
Cambridge
CB2 3PZ
Solicitors:
Greenwoods LLP
Monkslone House
City Road
Pelerborough
PE1 1JE

THE WILLIAM SCOTT ABBOTT TRUST
FOR THE YEAR ENDED 31 DECEMBER 2023
CONTENTS
Page
Trustees, Report
Auditor's Report
Consolidated Slalement of Financial Activities
Consolidated Balance Sheet
Trust Balance Sheet
Consolidated Statement of Cash Flows
Note5 to the Accounts
8-26
Detailed Slalemenl of Financial Activities
27
Detailed Resour¢es Expended
28

THE WILLIAM SCOTT ABBOThTRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present the annual report and audited financial stalernenls of The William Scoll Abboll
Trust IWSATI for the year ended 31 December 2023. The Trustees confirm that the annual report and
fi'nancial statements comply with the requirements of the Charities Act 2011 and the Statement of
Recommended Practice ISORP) Accounting and Reporting by Charities" issued in January 2021.
The William Scott Abbott Trust consolidated financial statements include the res¢Jlts of its, trading
subsidiary. Sacrewell Limited.
The VwThlliam Scoll Abboll Trust is a registered charity. number 233603. The Charitable Trust was
established in Decernber1963 by the lale Mrs Mary Abbott in the memory of her husband William Scoll
Abbott. The trading subsidiary, operating as Sacrewell Limited, was formed in July 2015.
Structure, Governance and Management
Trustoes
There are currently nine Trustee5, who are selected lo represent a wide range of experience an¢J
expertise in the fields of agriculture, education. business and communications.
The Trustees who held offlce during the year and up to the date of slgnature of the financial
statements wÈre as follows:
Mrs Jane Scriven - Chairman of Trustees {resigned 27 March 2024)
Mr SluaTI Bish (resigned 27 March 20241
Mrs Rachel Wild
Mr Duncan Pickering
Mr Colin Webber (resigned 12 October 20231
Mr Michael Grange
Mrs Susan Mary Barnhurst {appoinled 1 Mar¢h 20231
Mr Andrew Lazenby lappoinled 25 January 2023)
Mr David William Burgess lappoinled 1 April 20231 Chairman of Trustees from 27 March 2024
Mr Paul Fieldhouse (appointed 27 March 20241
Mr Simon Leeds lappoinled 27 March 20241
Mrs Gamze Bradshaw lappoinled 27 March 20241
The appointment of new Trustees 15 in the gift of the present Trustees and all such appointments require
the approval of the Trustees of The Royal Agricultural Society of England.
Vvhen a vacancy on the Board of Trustees arises, areas of skill and experience among the Trustees
that need lo be enhanced or replaced are idenlified.. new Trustees are then appointed, following a
selection process Carried out by the existing Trustees. New Trustees are provided with comprehensive
informalion about the Trust and its activities and an introductory lour of the farm and the holdings.
Appropriate training is provided by the Trust's advisors and other professionals as necessary. The
Trustees are not paid,. this is a voluntary position.
The Trustees place great importance on good governance.. bDlh the Charity Commission's publication
'The Hallmarks of An Effective Charity. and the Code for the Voluntary and Community Sector
publication enlilled 'Good Governance, have been worked through in detail lo ensure that the Trust
complies with all the requirements in all areas of governance.
The board of Trustees have mel on four occasions., at each of these meetings the Trustees have been
joined by a quorum of the Sacrewell Limited Directois IMr5 J K Scriven, Mr S Bish and Mr R Payne
and on two of these occasions al least one of the WSAT Family Committee (Mrs S Millard. Mr R Paynel.
Al the beginning of every meeting, the Trustees are asked lo declare any conflicts of intere51 in relation
to mallers to be discussed. Any such confI￿tS are minuled and any Trustee with a conflict lakes no parl
in discus51on of the relevant item or any associated decision.

THE WILLIAM SCOTT ABBOTT TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
Achievements and pgrforrnance
The year started positively with some improvements in paid footfall against previous years. This did
however fall away 8g8insl the background of a cost of living crisis and footfall was particularly
impacted by exceptionally poor weather in Oelober and throughout the remainder of the year, and by
activity on Trust land associated with the A47 dualling scheme.
Existing plans and priorities continued to be progressed wllh further developments made lo our
Farming with Nature workshops that seek lo deliver enriching outdoor edLscalional experience5 10
school pupils. With grant funding we constructed our Educational Market Garden. and we enhanced
our livestock offering with a strategy focused on new life on the farm. We also developed a new
partnership with Cambridgeshire County Council Islibbinglon Leg8cy) and continue lo look al mutual
opportunilles wtlh the East of England Agricultural Society.
There have been some changes to the Management Team during the year. including a change of
General Manager following a rigorous recruitment and selection process.
The Finan￿ Su￿commIttee continues to ensLtre full discussion and transparency of all financial
information. The sub-commillee consists of 2 Trustees and 2 Management Team members. Formal
meetings are held on a monthly basis. The overall day lo day management of the Trust's affairs is
carried out by the General Manager, supported by professional and adminislralive staff, and by a
relevant range of external advisors.
Decisions are made al the appropriate management level,. day-lo-day mallers are decided by the
managers, with reference as necessary lo the General Manager. More important decisions are taken
by the General Manager. Mallers requiring a decision by the Trustees are referred lo them either al
one of their meetings or, in between such meetings, by correspondence (by leller or email) and
telephone calls.
Obje¢tlves and actlvltles
The William Scott Abboll Trust is an educational charity commilled to connecting people lo agriculture
and the countryside through a variety of experiences ir¢ a diverse historic landscape. The document
setting out the strategy for the operation and management of the Tru81, which was adopted in January
2017, contains the following slalement of purpose..
"The aim ol the William Scoll Abboll Trust is lo connect people of all ages and backgrounds to the
science, heritage and practical art of agriculture, and to carry out our educational work so as lo be
highly effective in pursuit of the Trust's charitable objectives.
Details of how the Trustees have furtheied these objectives during the year are summarised in this
report.
Educatlonal Use of the Fami
In aceord8nce with the Charitable aims and strat￿Y of the Trust, great emphasis is placed on
education and outreach, providing opporlunilies for people lo learn about the countryside, agiiculture,
food and farming and to understand the opportunilies ancl challenges we face in agriculture across
the country.

THEWILLIAM scorr ABBOTT TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
Sacrewell Faim and Country Centre is used as a direct resource to provide opporlunilies lo take the
curriculum outdoors and for visits lo a farm, water course, wi)odland, and built heritage.. such visits
are made by school chi5dren of all age and adults.
These visits offer people the chance to not only learn about farming and agriculture, wildlife and
biodiversity, and natural habilals bul also lo cover a wide range of the National Curriculum, They
enable children to be outdoors in all seasons and all weathers. which has been shown to be of great
benefit lo a child's development, as well as being enjoyable. Evidence shows that being outside and
mixing with nature and animals is also of great benefi't to the mental well-being of individuals both
young and old. This aspect of the Trust's work has continued to expand and is of increasing
importan￿.
On a wider scale, the Trust continues lo develop partnerships with education provider5 Wlth similar
aims and objectives, these include Cambridgeshire County Council through the Slibbington Legacy
workshops. and the East of England Agricultural Society.
The majority of the 5504cre farm is let on a Farm BLJsiness Tenancy lo Riverford Organic Farmers.
As part of the tenancy agreement. the tenant musl PTovide visitors with an opportunity lo tour a
diverse farming enterprise and beller understand the links beiween food and farming. Farmir¢g
records are maintained for the lenanl's business and reviewed by the Trustees ￿lce a year.
The Livestock team have a good working relationship with regional colleges and will continue to
providè work Pla￿ment opporturbilies for students as part of them achieving quaiificab'ons in animas
husbandry.
The Livestock team continue lo work in partnership with the Education team lo offer and provide
education workshops, with the tocus mainly on KS1, helping them lo develop knowledge and skills
around animal care, husbandry and life cycles. Duke of Edinburgh stL¢denls visit our campsite and
use Sacrewell as a base for countryside walks.
Land and Bulldlng Management and Llvestock
The Trusys landed assets consist of circa 550-acre farm, mostly let on an agTicultural tenancy but
also including an 18th C. Grade 2. Il$ted working water mill, two Grade 2 listed Farmhouses, several
stone barns, and a modern sleel-span agricultural building housing a soft-play centre, along with
houses, Collages, and commercial tenancies on the wider farm. Additionally. WSAT owns 1
residential let cotlage in Wansford. In 2023 one collage in Wansford was sold.
Our aim is lo achieve a high standard of land management and stewardship. in accordance with best
practice. By following these aims, the Trustees intend lo improve the environment and habitats on the
faim and protect the landscapes and heritage assets in their care. As with any land holdings, the
situation is not 51atic, with land or buildings being acquired or disposed of, as suitable opportunities
arise, to improve the holdings and in pursuit of the charitable objects.
Our different animal herds continue to thrive, with particular sUc￿S achieved by our rare breed
programme. This included the birth of a Suffolk Punch filly ISaffron-Gra¢el, welcoming healthy
Boreray and Radnor Hill lambs, and the on-going care of Oxford Sandy and Black pigs, British
Spolled ponies, and the introduction of Golden Guernsey goals- to name a few. The decision h8S
been taken to focus on a liVest￿k offering that extends and develops our educational objectives. The
Trust continues lo strive lo provide the best level of animal husbandry, educational and contribution lo
our wider ¢ommunities.

THE WILLIAM SCOTT ABBOTT TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
Building5 and Commerclal and Re$identlal Tenancies
The programme of work to maintain and improve the fabric of the country centre has continued..
repairs have been undertaken lo residential properties and commercial properties. Following full
assessments of the requirements across the holdings, a rolling programme of eleolrlcal inspections
and the necessary resultant work, and a programme of building improvements, continued The
consequences of this prograrnme are aeslhelic improvements, meeting legal requirements and
seeking lo ensure the Trust's assels do not fall into a state of disrepair.
Investments
As well as the farm and holdings, the Trust has a porllolio of investments; the income from these
investments and any surplus income from Sacrewell Limited are re-invested irklo the upkeep and
improvement of the Farm and Country Cenlre.
The Finance Sub Committee meet with the investment manager once a year, monitoring the
perlormance and discussing relevant issues.. additional meetings are held as circumstances requi￿.
Financlal review
The main sources of income for The William Scoll Abbott Trust are admission income from the visitor
centre. commercial evenls, donations and grants, and rent81 income from commercial 2nd residential
lellings. S8Grewell Limited gives all surpluses lo the Charity for its use as required, The William Scoll
Abboll Trust Covid loan was fully repaid in the year.
For the year ended 31 December 2023, against a backdrop of the cost-ol-living crisis, the Trustees
are pleased to report consistent Gmup turnover of £1,180,87512022.' £1.187,982}. The IN yoar deficit
as al 31 December was £160,64212022, deficit of £485,294)
The Trustees and management team have idenlrfied and considered the major risks lo which the
charity is exposed,, systems lo miligale those risks have been established. The Risk Register is
reviewed regularly by the management team and changes are reported lo the Trustees al iwo of their
main meetings with one of these meetings being a formal review of the Register.
The principal risk facing the Group is loss of income and rlsing costs. The Trustees and management
team have implemented plans and strategies both in the current year and looking foward in order to
mitigate these risks. Costs have been reduced during the yeaT with good progress made in putting
ourselves on a stable financial fooling, but the poor weather and impact of the cost ol living crisis. as
well as our on-going commitment lo education objectives has resulted in a loss for the 2023 financial
year. We have already taken slep5 in support of footfall and lo further manage costs for 2024.
Reserves Policy
The Trustees have increased the amount set aslde as a reserve fund as foltows.. £300,000,
which is approximately Iwo months. gross operating expenditure.
At the year end the group had total reseNes of £11,641, 171, of which £8.857,876 was
restricted.
Of the lolal reserves balance, £11,194,700 relates lo Fixed Assets Funds Imade up of
£8,857,876 reslricled funds and £2,336,824 unreslri¢ledl.
The nel reserves held al the year end aller making allowance for restri￿ed and fixed asset
funds was £446.471.
Investment Policy and Performance
The Trust Deed empowers the Trustees lo appoint investment advisors. who have di8crelion to invest
funds for the Trust within the guidelines established by the Trust Deed.. CCLA for Charities currently
fulfil this role.. their performance is reviewed annualty.
iv

THE WILLIAM SCOTT ABBOTT TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
Pay policy
The Trustees consider that the Management Team comprise the key management personnel of the
Trust in charge ol the directing and running of the Trust and Sacrewell Limited on a day-to-day basis,
The remuneration of the senior staff is reviewed by the TrLtstees on an annual basis consideiing the
requirements of their fole and performance during the year. The Trustees and General M8nager
benchmark pay levels against comparable positions in similar organisations and this is reviewed
quarterly.
Fundraislng
The group has not carried out significant fitndraising acl¢vily in the year.
PUBLIC BENEFIT
Following the passing of the Charities Act 2011. there musl be att identifiable benefit or benefits
arising from the work of all charities,, such benefits must be to thè public or a section of the public. The
Trustees confirm Ihat they have referred lo the Charity Commission's guidance on public ben8fil and
advancement of education when reviewing the Trust's aims and objectives and in planning future
activities and developments.
In pursuit of ils educational charitable objective, direct use is made of Sacrewell Farm and Country
Centre, by h05ting an increasing number of visits by school children and young people with special
educational need5 and disabilities ISENDI. Information is also provided across the site that directly
meets the Tiust's ¢haritable objective5.
It can therefore be seen that the work of the Trust benefits the public., further details of the educational
work and educational developments are set out Dn the Twusl's website, which is frequently updated, to
provide more information.
PLANS FOR THE FUTURE
The strategy for the future of the Trust and the management of ils assets, including maintenance of
and improvements lo the farm and all holdings will be followed, subject lo review. The plan and
priorities have been communicated. this includes a further staff restructur8 lo balan￿ the ratio of
revenue lo outgoings and provide support for multiple planned projects, as well as a clear focus and
direction on our educational objectives. The Trust continues lo develop new and alternative ways lo
support the provision of an agricultural and countyside education to all including the consideration of
apprenticeship opporlunilies, adult workshops and learning through play. The Trust will also focus on
health and wellbeing for all.
Monitoring and commenting on the A47 widening proposals will continue. Savills is the acting agent
for WSAT regarding compensation negotl8tions with National Highways. We understand that work
on the road will commence in mid to late 2024 and will last 2-3 years. Our 511e will not close during
this proc85S.
A new Educational Market Garden will be used. alongside the Sensory Garden, for educational and
wellbeing purposes. Accessibility across the site will be enhanced and further facilities developed
specifically in support of SEND.
The live51ock offering will continue to grow with animals conceiving, carrying and being delivered or¢
site, giving hands-on experience for our stsff. stULlents and visitors.
William Scott Abbott was very enlrepreneurlal, a man who never stopped learning, developing and
trying out new opportunities, from artificial insemination to ballery chicken farming in Ihe post war
Britain where getting food on the lable was paramount. We strive to continue to Innovate 2nd develop
the Trust in a manner that would reflect his passion to keep evolving.

THE WILLIAM SCOTT ABBOTT TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The TrLislees are resE)onsible for preparing the Report of the Trustees and the financial slalements in
accordance with applicable law and United Kingdom Accounting Stsndards {Uniled Kingdom
Generally Accepted Accounting Practi￿}.
The law applicable lo charities in England & Wales requires the Trustees lo prepare financial
slalemenls 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 appliGalion of resources of the charity for that period. In
preparing these financial slalemenls, thè Trustees are required to..
Select suitable accounting policies and then apply them consistently-
Observe the methods and principles in the Charities SORP.,
Make judgements and estimates that are reasonable and prudent.,
Stale whether applicable accounting standards have been followed, subject to any
departures disclosed and explained in the financial slalements-, and
Prepare the financi21 statements on the going concern basis unless il is inappropriate to
Presu￿ that the charity will continue in operation.
The Trustees are responsible for keeping accounting records that disclose with reasonable accuracy
al any lime the financial PDsilion of the charity and enable them to ensure that the financial
statements comply with the Charities Act 2011, the Charity (Accounts Reports) Regulations 2008 and
the provisions of the Irust deed. They are also responsible for safeguarding the assets of the Gharity
and hence for taking reasonable slops for the prevention and detection of fraud and other
irregularities.
Approved by order of the Trustees on 26 June 2024 and signed on their behalf by.
Davld William Burge$s
Chair of Trustees
vi

INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE WILLIAM SCOTT ABBOTT TRUST
FOR THE YEAR ENDED 31 DECEMBER 2023
Oplnlon
We have audited the finanGial stalemenls of The William Scoll Abbott Trust Ilhe 'parent charity,) and ils
subsidiaries Ithe 'group'l for the year ended 31 December 2023 which comprise the Con501id21ed
Slalement of Financial Aclivilies, Consolidated Balance Sheet. Trust Balance Sheet, Consolidated
Slalemenl of Cash Flows and notes to the financial stalemenls, including a summary of signifi¢anl
accounting policie5. The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom AccoLJnling Standards, including Financial Reporting Standard 102
The Financi81 Reporting Standard applicable in the UK and Repukilic of Ireland (United Kingdom
Generally Accepted Accounting Praclicel.
In our opinion the financial slalemenls..
give a true and fair view of the slate of the graup's and parent charity's affairs as at 31 Decembèr
2023 and of the group's incoming resources and application of resources for the year then ended.,
have been properly prepared accordance with United Kingdom Gènerally Accepted Aocounling
Practice., and
have been prepared in accordance with the requirements of the ChaTltie5 Act 2011.
Basis for opinion
We conducted our audit in accordance wsth International Standards on Auditing (UK) IISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditor's
responsibilities foi the audit of the financial statements section of our report. We are independent of the
group and parent charity in accordance with the ethical requirements that are relevant to our audit ol the
financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other
ethical rosponsibilities in accordance with these requirements. Vve believe that the audit evidence we
have obtained is sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to golng concern
In auditing the financial slalements, we have concluded that the Trustees. vse of the going concern basis
of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties rèlating lo events
or conditions that, individually or collectively. may Cast significant doubt on the charity's ability to continue
as a going concern for a period of al least ￿e1ve months from when the financial statements are
aulhorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described
in the relevant se¢lions of thi8 rewrl.
Other Information
The other information Gomprises the informatior¢ included in the annual report other than the financial
slalemenls and our auditor's report thereon. The Truslees are responsible for the other information
contained within the annual report. Our opinion on the tinancial statements does not cover the other
information and, except lo the extent otherwise explicitly staled in our report, we do not express any form
of assLJrance conclusion Ihereon. Our responsibility 15 to read the other information and, in doing so,
consider whether the other information is materially inconsislenl with the financial slalemenls or our
knowledge obtained in the course of the audit, or otherwise appears lo be materially misstated. 11 we
identify such material inconsistencies or apparent malerial Tnisstalemenls, we are required lo determine
whether this gives rise lo a material misstatement in the financial statements themselve5. If, based on the
work we have performed, we con¢lude that there is a material misslalement of this other information, we
are r8quiTed to report that fact,
We have nothing to report in this regard.
Page 1

INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE WILLIAM SCOTT ABBOTT TRUST
FOR THE YEAR ENDED 31 DECEMBER 2023
Matters on whiGh we are required to report by exception
We have nothing lo report in respect of the following mallers in relation lo which the Charities {Accounts
and Reports) RegLÈlations 2008 require us to report to you if, in our opinion..
the information given in the financial slalements is inconsistent in any malerial respect with the
trustees, repoil,. or
sufficient accounting records have not been kept,. or
the parent charity's financi81 slalements are not in agreement with the accounting records,. or
we have not received all the infomialion and explanations we requiie for our audit.
Responsibilities of trustees
A5 explained more fully in the Trustees, Responsibilitiès Ststement, the trustees are responsible for the
preparation of financial statements which give a true and fair view, and for such internal control as the
tTUStees determine is necessary lo enable the preparation of financial slalements that are free from
material misslalement, whether due lo fraud or error.
In preparing the financl81 slatemenls, the Iruslees are responsible for assessing the group'5 and parent
charity's ability lo continue as a going Goncern, disclosing, as applicable. mallers related to going concern
and using the going Concern basis of accounting unless the trustees either intend lo liquidate the group
or the parent charity or lo cease operations, or have no realistic alternative bul lo do so.
Auditor's responsibilltles for the audit of the financial statements
We have been appointed as auditor under section 151 ofthe Charities Act 2011 and report in accordance
with I￿VIatIonS made under section 154 of that Act
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are
free from material misslalement, whelher due lo fraud or error, and to Issue an auditor's reporl that
includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an
aL¢dit conducted in accordance with ISAS IUKI will always detect a material misstalemènl when il exists.
Misslalements can arise from fraud or error and are considered material if. individually or in the aggregate,
they could reasonably be expected to inflLJence the economic decisions of users taken on tho basis of
these financial slatemenls.
Explanation as to what extent thè audit was consldered capable of detecting irregularltles,
in¢luding fraud
The objectives of our audit in respect of fraud, are,. to identify and assess the risks ot material
misstalemenl of the financial slalemenls due to fra￿d., to obtain sufficient appropriate audit evidence
regarding the assessed risks of material misslalement due to fraud, through designing arFd implementing
appropriate response5 to those assessed risks., arkd lo respond approprialeSy lo ins12nces of fraud or
suspected fraud identified during the audit. However, the primary responsibility for the prevention and
detection of fraud rests with both management and Trustees of the Charity.
Page 2

INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE WILLIAM SCOTh ABBOTT TRUST
FOR THE YEAR ENDED 31 DECEMBER 2023
Our approach was as followg:
We obtained an understanding of the legal and regulatory requirements applicable to the charity
and considered that the most significant are the Charities Act 2011, UK financial reporting
standards as issued by the Financial Reporting Council, and UK taxation legislation.,
We obtained an undersl8nding of how the charity complies with these requirements by
discussions with management and those charged with governance.,
We assessed the risk of material misstalemenl of the financial stalemenls. including the risk of
material misslatemenl due to fraud and how il might occur. by holding discussions with
management and those charged with governance.,
We inquired of management and those charged with governance as lo any known instances of
non-compliance or suspected non-compliance with laws and regulations.,
We discussed where individuals involved in the financial reporting process have a significant
level of control and considered the controls and reviews in place lo mitigate the presence of this
risk.,
Based on this understanding, we designed specific appropriate audit procedures to identify
instances of non-compliance with laws and regulations. This included making enquiries ol
management and those charged with governance and obtaining additional corroborative
evidence as required.
A further description of our responsibilities is available on the Financial Reporting Council's website at..
hll s."Ilwww.frc.or
.uklauditorsres
onsibililies. This description forms part of our auditor's report.
Use of our report
This report is made solely lo the charity's Iruslees. as a body, in accordance with Part 4 of the Charities
(Accounts and Reporlsl Regulations 2008. Our audit work has been undertaken so that we might slate
lo the charity's Iruslees those mallers we are required lo stale lo them in an auditor's report and for no
other purpose. To the fullest exlenl permitted by law. we do not accept or assume responsibility lo anyone
other than the charity and the charity's Iruslees as a body, for our audit work, for this report, or for the
opinions we have formed.
Mohamedraza Mavani FCA
Senior Statutory Auditor
for and on behalf of
MOORE
Chartered Accountants
statutory Audltor
Rulland House
Minerva Business Park
Lynch Wood
PelerboroLJgh
PE2 6PZ
Page 3

THE WILLIAM SCOTT ABBOTT TRUST
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING A GROUP INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestrlcted Restrlcted
funds
funds
2023
2023
Total
fund$
2023
Total
funds
2022
Note
Income and endowments from:
Donations and legacies
Charitable activities
Investments
other
21,381
936,990
152,600
57,436
12,468
33,849
936,990
152,600
57,436
8,415
980.262
167,672
31,633
Total income and endowmènts
1,168.407
12,468 1,180,875 1.187.982
Expenditure on:
Let es12te
Charitable activities
56,468
6 1,239,938
56,468
87,971
10,798 1,250,736 1,448,695
Total expendlture
1,296,406
10,7S8 1,307,204 1,536.666
Gains on listed investments
14
19.687
19,687
{25.9341
Net Income
1108,312)
1,670 1106,642) 1374,6181
Transfors between funds
63,773
{63,7731
190,6761
Net movement In funds
(44,539}
{62.1031 1106,6421 1465.2941
Funds at 1 January 2023
2.827,834 8,919,979 11,747,813 12,213,107
Funds at 31 De¢ember 2023
19 2.783,295 8,857,876 11,641,171 11,747,813
Details of resources used are given in the notes to the financial slatemenls.
Page 4

REGISTERED CHARITY NUMBER: 233603
THE WILLIAM SCOTT ABBOTT TRUST
GROUP BALANCE SHEET
AT 31 DECEMBER 2023
Note
2023
2022
Flxed assets
Tangible assets
Investments
13
14
11,19d,700
214,326
11,447,685
224,639
11,4Q9,026
11,672,324
Current assets
Stocks
Debtors
Cash al bank and in hand
15
16
31,899
79,246
243,629
58,577
58,512
93,042
354,774
210,131
Creditors:
Amounts falling due within
one year
17
1122.6291
(132.0241
Net current assets
232,145
78,107
Total assets less current liabilities
11,641,171
11.750,431
Creditors:
Amounts falling due after more
one year
18
12.618}
Net assets
11.641,171
11.747,813
Capital funds
Reslricled funds
Unrestricted funds
19
19
8,857,876
2.783,295
8,919,979
2,827,834
Total funds
11.641,171
11,747,813
These financial slalemenls have been approved by the trustees on 26 June 2024 and signed on ils behslf.
Mr D W Burgess
Truste8
The annexed notes form part of these financial stalemenls.
Page 5

REGISTERED CHARITY NUMBER: 233603
TrIE WILLIAM SCOTT ABBOTT TRUST
TRUST BALANCE SHEET
AT 31 DECEMBER 2023
Note
2023
2022
Fixed assets
Tangible assets
Investments
13
14
11.191,277
264,328
11,439,641
274,641
11,455,605
11,714,282
Current assets
Stocks
Debtors
Cash al bank and In hand
15
16
16,011
113,198
194,518
39,251
120,805
63.486
323,727
233.542
Creditors
Amounts fallir¢g due within
one year
17
174,4601
196,656}
Net current assets
249,267
126,886
Total assets less current liabilities
11,704,872
11,841,168
Credltors:
AmoLtnts falling due after trtoie
one year
18
{2,618}
Net assets
11,704,872
11,838,550
Capltal funds
Restricted funds
Unreslricled funds
19
19
8,857,876
2,846,996
8,919,979
2.918,571
Total funds
11,704,872
11,838,550
These flnan¢lal statements have been approved by the trustees on 26 June 2024 signed on its behalf,
Mr D W Buryess
Trustee
The annexed notes form part of these financial stalemenls.
Page 6

THE WILLIAM SCOTT ABBOTT TRUST
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Cash flows from operating activities
Nel income for year
1106,642}
1374,6181
Adjustments for..
Depreciation
71,338
(Profill I loss on disposal of tangible fixed assets 118.0051
Gain on listed investments
119,6871
Gain on property revaluations
Rents received from investment properties
Interest received
(Increasel/Decrease In stocks
{IncreasellDecrease in debtors
IncreasellDecreasel in creditors
78.856
25.934
1146,2351
{6.3651
26,678
120,7341
9,804
(159,1831
18,4891
129,6381
18,7041
21,713
1103,2061
179,511)
Not Gash flow from opèratlng actlvltles
1209,8481
1454,129)
Cash flows from investing activities
Payments to acquire tangible fixed assets
Receipts from sale of tangible fixed assets
Payments lo acquire investments
Receipts from sale of investments
Rents received from investment properties
Interest received
178,3481
278,000
1160,5011
617,123
1121,0001
90,000
159,183
8,489
30,000
146,236
6.365
Net cash flow from investing activltles
382,253
593.294
Cash flows from investing activities
Capital element of bank loans repaid
121.8181
{78,1821
Net cash flow from investing activitle8
121,818}
178,1821
Net Increasellde¢Yeasel Sn cash
150,587
60,983
Cash and cash èqulvalents at beginning of year
93,042
32,059
Cash and cash equlvalents at end of year
243,629
93,042
Page 7

THE WILLIAM SCOTT ABBOTT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng policies
Trust Information
The William Scoll Abbott Trust is a charitable trust registered in England and Wales. The principal
place of business is Sacrewell, Thornhaugh, Pelerborough, PE8 6HJ. The nalure of the charity's
operations and principal activities are provided in the Report of the Trustees.
A¢countlng convention
The charity conslilutes a public benefit entity as defined by FRS 102. The financial statements have
been prepared in accordance with Accounting and Reporttng by Charities.. Statement of
Recommended Practice applicable lo chatilies preparing their accounts in accordance with the
Financi81 Reporting Standard applic3ble in the UK and Republic of Ireland IFRS 1021 issued on 1
January 2019, the Charities Act 2011. and UK Generally Accepted Practice as il applies from 1
January 2015.
The financial statements are prepared in sterling which is the fun¢lion81 currency of the Charity and
rounded lo the nearest £.
The financial statements are prepared under the historical cost convention, modified to include
certain items at fair value. The principal accounling policies adopted are set out below.
GoTng concern
At the time of approving the ftnancial statements, the trustèes have a ieasonable expectation that
the Trust has adequate resources to continue in operational existence for the foreseeable future.
Thus the Iruslees continue lo adopt the going con￿rn basis of accounting in preparing the fi'nancial
statements,
Incomlng resour¢e8
All incoming resources are included in the Statement of Financial Activities ISOFAI when the
charity is legally entitled lo the inoorne after any performance conditions have been met, the amount
can be measured reliably. and it is probable that the incomè will be received.
No amount is included in the financial statements for volunteer lime in line with the SORP IFRS
102). Further detail is given in th8 TIu51ees' Annual Report.
Investment income is earnèd through holding assets for investment purposes, such as property. It
include5 interest and rent. Intere51 income is recognised using the effective interest method and
rental income is recognised as the charty's right lo receive payment is established.
Heriiage Lollery Fund grants and other grants are recognlsed in the Statement of Financial Activity
in accordance with the aecruals model under FRS 102.
Donation5, gifts and grants are rec￿niSed Ljpon receipt.
Gift aid is recognised in the period lo which it relates lo.
Page 8

THE WILLIAM SCOTT ABBOTT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Expenditure recognitlon
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all cost5 related lo the category. Expenditure is recognised where there is a legal or
constructive obligation to make payments to third parties, il is probable that the selllèment will be
required, and the aTnounl of the obligation can be measured reliably. 11 is categotised under the
following headings..
Cos15 of let estate include costs of materials and overhead running costs of the eharity's
investments properties,,
Expenditure on charitable activities include5 the overhead running Gosts, including staff costs,
of the charily's subsidiary Sacrewell Limited,, and
Other expenditure represents those items not falling into the categories above.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Support Costs allocation
Support costs are those that assist the work ol the charity but do not directly represent charitable
activities and include operational costs, governance costs. They are incurred directly in support of
expenditure on the objects of the charity and irlclude project management. Vvhere support costs
cannot be directly allribuled lo particular headings, they have been allocated to cost of let estate
and expenditure on charitable activities on a baS￿S consislenl with use of the resources.
The analysis of Ihese costs is included in note 7.
Depreciatlon of tangible fixed assets
Tangible fixed assets are initially measured al cost and subsequently measured at Gosl or
valuation, nel of depreciation and any impairment losses.
Depreciation is recognised so as lo write off the cost oivalualion of assets less their residual values
over their useful lives on the following bases=
Land
Buildings, roads, 2nd reservoir
Plant and machinery
Fixtures and fillings
Motor vehicles
Held at fair value
Held al fair value
25°k perannum on cost
4-25'h per ann¢Jm on cost
250/0 per annum on cost
The gain or loss arising on the disposal of an asset is determined as the diffeience be￿een the
sale proceeds and the carrying value of the asset and is credited or charged lo profit or loss.
Impairmènt of flxed assets
At each reporting period end dale. the Iiusl reviews the carrying amoLfnts of its tangible assets to
determine whether there is any indication that those assets have suffered an impairment loss. If
any such Indication exists, the recoverable amount of the asset is estimated in order lo determine
the extent of the impairment loss lif any). Where il is not possible to estimate the recoverable
amount of an in(lividual asset, the trust estimates the recoverable amount of the cash-generaling
unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in Ljse. In assessing
value in use, the eslimaled future cash flows are discounted lo their present value using a pre-tax
discount rale that reflects current market assessments of the time value of money 2nd the risks
specific to the asset for which the estimates of future cash flows have not been adjusted,
Page 9

THE WILLIAM SCOTT ABBOTT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Impalrment of fixed assets {contlnued)
If the recoverable amount of an asset lor cash-generaling unit) is estimated to be less than its
carrying amount, the carrying amount of Ihe asset lor cash-generaling unit) is reduced to its
recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the
relevant asset is carried al a revalued amount, in which case the impairment Ios5 IS treated as a
revaluation decrease.
Recognised impairment losses are reversed if, and only if. the reasons for the impairment loss have
ceased lo apply. Where an impairment loss subsequently reverses, the carrying amount of the
asset lor cash-generaling unill Is increased lo the revised estimate of its recoverablè amount. bul
so that the increased carrying arrK)unt does not exceed the carrying amount that would have been
delormined had no impairment loss been recognised for the asset lor cash-generating unill in prior
years, A reversal of an impairment loss is recognised Immediately in profil or loss, unless the
relevant asset is carried al a revalued amount, in which case the revetsal of the impairment loss is
Irealed as a revaluation increase,
Investments properties
Investment properties are measured al fair value at each reporting date with changes in fair value
recognised in nel gains I Ilossesl on investments in the Slalemenl of Financial Activity.
Investments
Investments are slated al their market value at the year end. The Statement of Financial Activities
ncludes the nel gains and losses arising on revaluation and disposal, if any, throughout the year.
Stocks
Stocks are staled al the lower of cost and eslimaled selling price less costs to complete and Sell.
Cost comprise5 direct materials and, where applicable, direct labour cos15 and those overheads
that have been incurred in bringing the stocks lo their present location and condition.
Stocks held fDr distribution al no or norninal consideration are measured at the lower of
replacement cost and cost, adjusted where applicable for anyloss of service potential.
Al each reporting dale, an assessment is made for impairment. Any excess ol the carrying amount
of slo¢ks over its estimated selling price less costs lo complete and sell is recognised as an
impairment loss in profit or toss. Reversals of impairment losses are also recognised in profit or
Ios5,
Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held al call
with banks and other short-term liquid investments with original malurilies of three months or less.
Flnanclal in$truments
The trust ha5 elected lo apply the provisions of Section 11 'Basic Financial Inslrumenls, and
Section 12 '01her Financial Instruments Issues, ol FRS 102 to all of its financial instruments.
Financial instruments are recognised in the trust's balance sheet when the trust becomes party lo
the conlraclual provisions ol the instrument.
Financial 85sets and liabilities are offset. with the nel amounts presented in the fi'nancial
statements, when there is a legally enforceable right lo sel off the recognised amounts and Ihere
is an intention lo settle on a net basis or lo realise the asset and settle the liability simultaneously.
Page 10

THE WILLIAM SCOTT ABBOTT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Flnanclal Instruments (continued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured
al transaction price including transaction costs and are subsequently carried al amortised cost
using the effective interest method unless the arrangement conslilules a financing transactlon,
where the transaction is measured at the present value oflhe future receipts discounted at a market
rate of interest. Financial assets c5assified as receivable within one year are not amortised.
Classification of flnancial liabilltles
Finan¢ia1 liabilities and equity instruments are classified according lo the substance of the
conlra¢lual artangements entered into. An equity instrument is any contract that evidences a
residual inleiesl in the assets of the trust after deducting all of its liabilits'es.
Basic financial liabllltles
Basic financial liabilities, including creditors and bank loans, are inilialw recognised al transaction
price unless the arrangèment constitutes a fi'nancing Iransaclion, where the debt instrument is
measured al the present value of the future payments discounted al a market rate of interest.
Financial liabilitie5 classified as payable within one year are not amorlised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate
method.
Trade creditors are obligah'ons lo pay for goods or Services that have been acquired in the ordinary
course of business from suppliers. Amounts payable are classified as current1iabililies if payment
is due within one year or less. If not, they are pie5ented as non-current liabilities. Trade creéilors
are recognised initially at transaction price and subsequently measured al amortised cost using the
effective interest method.
Funds
Unre5tricled funds are available for use al the discretion of the Iruslees in furtherance of the general
objectives of the charity and which have not been designatèd for other purposes.
Designated funds comprise unreslricled funds that have been sel aside by the trustees for particular
purposes. Tho aim and use of each designated fund is set out in the notes lo the financial
statements.
Reslricled funds are funds which are to be used in accordan￿ with specific restrictions imposed by
donors or which have been raised by the charity for particular purposes. The cost of raising and
administering such funds are charged against the specific fund. Thè aim and use of each reslricled
fund is set out in the notes to the financial slalements.
Taxation
The lax expense represents the sum of the lax currently payable and deferred lax in relation lo th8
subsidiary comp8ny only. The charitable trust is exempl from corporation tax.
Current tax
The tax currently payable Is based on taxable profit for the year. Taxable profit differs from net
profil as reported in the profit and loss account because il excludes items of income or expense
that are taxable or deductible irb Other years and il further excludes items Ihal are never laxab1e or
deductible. The subsidiary company'5 liability for current tax is caleulaled using lax rates that have
been enacted or substanlively enacted by the reporting end date.
Page 11

THE WILLIAM SCOTT ABBOTT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Def8rred tax
Deferred tax liabilities are generalty recognised for all timing differences and deferred tax assets
are recognised lo the exlenl that il is probable that they will be recovered against the reversal of
deferred lax liabilities or other future taxable profits. Such assets and liabilities are not recognised
if the liming differenc8 arises from goodwill or from the initial recognition of olh$r asse15 and
liabilities in a transaction that affects neither the tax profil nor the accounting profil.
The carrying amount of deferred lax assets is reviewed at each reporting end date and reduced lo
the extent that it is no longer probable that suffiGient taxable profits will be available lo allow all or
parl of the asset to be recovered. Deferred tax 15 calculated at the lax rates that are expected lo
apply in the period when the liability is sellled. or the asset is realised. Deferred tax is charged or
credited in the profil and loss account, ex¢epl when it relates lo items charged or credited directly
lo equity, in which case the deferred tsx is also dealt with in equity. Deferred tax assets and liabilities
are offset when the subsidiary company has a legally enforceable right lo offset current lax assets
and liabilities and the deferred lax asse15 and liabilities relate to taxes levied by the same tax
authority.
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.
The cost of any unused holiday entiuemenl is recognised in the Per￿ in which the employee's
services are received.
Termination benefits are recognised immediately as an expense when the trust is demonstrably
committed lo terminate the employment ol an employee or lo provide lermination benefits.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they
fall due.
Lèases
Rentals payable under opeiatin9 leases, including any lease incentives receiv8d, are charged lo
income on a slraighl-line basis over the teim of the relevant lease except where another more
syslemalic basis is more representative of the lime pattern in which economic benefits from the
lease asset are consumed.
Rental income from operaling leases is recognised on a slraighl-line basis over the term of the
relevant lease. Initial direct costs incurred in negolialing and arranging an operating lease are
added to the carrying amount of the leased asset and recognised on a slraighl-line basis over the
lease term.
Basis of consolldation
The consolidated financial slalemenls include the audited financial statements of the charity and
ils subsidiary made up lo 31 Decemb8r 2023.
A separate Statement of Financial Activity for the parent trust has not been prepared as permitted
by paragraph 397 of the Statement of Recommended Practice - Accounting and Reporting by
Charities ISORP IFRS 1021).
The nel decrease in funds for the year lor The William Scoll Abbott Trust is £133.678.
Page 12

THE WILLIAM SCOTT ABBorr TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Critlcal accounting estimates and ludgements
Estimates and judgments are continually evaluated and are based on historic experience and Dther
factors, including expectations of lulure events that are believed to be reasonable under the
circumstances.
The Trust makes estimates and assumptions concerning the future. The resulting accounting
estimates will seldom equal the relale(f actual results. As ol the balance sheet date the Trust has
no significant eslimales and assumptions that have a significant risk of causing a material
adjuslmenl to the carrying amount of assets and liabilities within the foreseeable future.
Income from donation5 and legacies
Unrestricted Restrlcted
funds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Gifts
Grants
Gift aid
4,723
400
16,258
4,723
12,868
16,258
1,540
6,875
12,468
21,381
12,468
33,849
8.415
Income Irom charltable and other activltles
Unrestricted Restricted
funds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Charitable activltlos
Admission and visitor activities
Education activities
503,256
66,747
503,256
66,747
606,881
58,628
570,003
570,003
565,509
Trading activltles
Camping
Function sales
Retail sales
Catering commission
60,518
163,061
103,719
39,689
60,518
163,061
103,719
39,689
55,499
205,984
112,255
41,015
366,987
366,987
414,753
Total from charltable and other activities
936,990
936.990
980,262
Page 13

THE WILLIAM SCOTT ABBOTT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 310ECEMBER 2023
In¢ome from Investments
Unrestricted Restricted
funds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Rental income
Bank interest received
146,235
6,365
146,235
6,365
159,183
8,489
152,600
152,600
167,672
other income
Unrestricted Restricted
funds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Other mlscellaneous income
PTofiI on sale of fixed assets
39,431
18,005
39.431
18,005
31,633
57,436
57.436
31,633
Analysis of expendlture on charltable actlvltles
Grant
funding
Activities
undertaken
directiy
Support
costs
activities
Total
Visitor attraction
Exceptional items
880,290
370,446 1,250,736
880,290
370,446 1,250,736
Page 14

THE WILLIAM SCOTT ABBorr TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Allocation of support costs
Let
Visitor Educatlon
Total
Governance
Operational costs
Human resources
Depreciation
Other
1.822
44,391
224.541
6,221
71,338
23,975
46,213
224,541
6,221
71,338
23,975
1,822
370,466
372,288
Governance costs are apportioned to various activities based upon th8 proportion of Iota
expenditure. Other support costs are allocated specifically lo the activity which they relate to.
Govemance
Unrestricted Restricted
funds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Wages and salaries
Social security
Pensions
Audit fees
Accountancy and payroll
other
26,695
3,765
2,030
8,548
3,869
1,306
26,695
3,765
2,030
8,548
3,869
1,306
28,564
4.701
2.897
7.790
4.657
2.270
46,213
46,213
50.879
Net income for the year
Nel income is staled after chargingllcredilingl..
2023
2022
Auditors. remunerations- audit
Depreciation of owned assets
Pensions
8,200
71,338
10,096
7,790
135.582
7,443
Page 15

THE WILLIAM SCOTT ABBOTT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEM3ER 2023
10. Auditors, remungTations
Auditors. remuneration amounts lo an audit fee of £6,22512022'. £5,925) and costs of £1,975 {2022-
£1,865) in relation to the audit of the charity's subsidiary trading company and general advi￿.
Trustees, remuneration and benefits
The total amount of trustee remuneration during 2023 is £6,98112022'. none) None of the trustees
other benefits during the year12022'. nonel.
During the year expenses for Iravelling 8nd other expenses on behalf of the trust lolalling £0 {2022'.
none) were reimbursed lo trustees.
12. Staff costs
The average number of persons employed by the trust during the yeai was as follows..
2023
2022
C05t of let estate
Charitable activities
Governance
19
23
20
24
The aggregate payroll costs were as follows..
2023
2022
Wages and salaries
Social Security cosls
Pension costs
573,538 654,960
25,570
35.568
9,334
11.900
608,442 702,428
No employees received benefi'ts lexcluding employer penslon costsl of more than £60,000,
Page 16

THE WILLIAM SCOTT ABBOTT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
13. Tangible fixed a$sets
The group
Land
Plant
Investment
and
and
properties build¥ng$ machinery
Fixtures
and
fittings
Total
Cost or valuation..
Al 1 January 2023
Additions
Disposals
Transfers
Revaluation
7,530,795 3,550,229
5,220
31,819
1259,0001
106,015
328
916,234 12,103,273
40,981
78,348
19951 (259,9951
Al 31 December 2023
7,277,015 3,582,048
106,343
956,220 11,921,626
Depreciation..
Al 1 January 2023
Charge for the year
Eliminated on revaluation
Transfers
95.602
9.585
559,986
61,753
655,588
71.338
At 31 December 2023
105.187
621,739
726,926
Net book value,.
Al 31 December 2023
7,277.015 3,582,048
1.156
334,481 11,194,700
At 31 December 2022
7,530.795 3,550,229
10.413
356,248 11,447,685
All investment properties, land and buildings held relate lo freehold assets.
The fair value of the freehold properly including investment property has been arrived al on the
basis of a valuation carried out on 7 June 2022 by Savills, who are not connected with the Group.
Page 17

THE WILLIAM SCOTT ABBO￿ TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
13. Tangible fixed a$s&ts Icontlnued}
The trust
Land
Plant
Investment
and
and
propertles buildings machlnery
Fixtures
and
fittings
Total
Cost..
At 1 January 2023
Additions
Disposals
Transfers
Revaluation
7,530,795 3,550.229
5,220
31.819
1259,0001
101,406
854,258 12,036,688
40,078
77,117
19951 (259,995)
At 31 December 2023
7,277.014 3,582,048
101.406
893,381 11,853,810
Depreciation..
Al 1 January 2023
Charge for the year
Eliminated ors revaluation
Transfers
90.992
g,544
506,055
55,942
597,047
65,486
Al 31 December 2023
100,538
561,997
662,533
Nel book value..
Al 31 December 2023
7,277.014 3,5B2,048
870
292,261
11,191,277
Al 31 Decemb8r 2022
7,530,795 3,550,229
10,414
348,203 11,439,641
All investment properties, land and buildings held relate lo freehold assets.
The fair value of the freehold property including inveslmenl propety has been arrived at on the
basis of a valuation carried out on 7 June 2022 by Savills, who are not connected with the Group.
The prior year accounts weTe adjusted accordingly lo account for the revaluation, and the valuation
performed is still deemed reasonable for the current year.
Page 18

THE WILLIAM sco￿ ABBOTT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
14. Fixed a$set Investments
The Group
Listed
investments
Market value..
Al 1 January 2023
Additions
Disposals
Nel realised and unrealised investment gains
224,639
130,000)
19,687
At 31 December 2023
214,325
Nel book value,.
At 31 De￿mber 2023
214,325
At 31 December 2022
224,639
The listed investmenls consist of 10,799.98 12022 12.359.831 COIF Charities Investment Fund
Income Unil$12021 Accumulation Units) and are staled al maiket value as per the relevant fund at
the year end.
Page 19

THE WILLIAM sGorr ABBOTT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
14. Fixed asset investments {¢ontlnuedl
The Trust
Llstgd
Subsidiaries investments
Total
Cost or market value..
Al 1 January 2023
Disposals
Net realised and unfealised investment gains
50,002
224,639
274,641
(30,0001 130,000}
19,687
19.687
At 31 December 2023
50,002
214,326
264.328
Nel book value.
At 31 December 2023
50,002
214,326
264.328
At 31 December 2022
50,002
224,639
274,641
The listed investments consist of 10.799.98 12021 12.359.831 COIF Charities Investment Fund
Income Units {2021 Accumulation Unilsl and are stated at market value as per the relevant fund at
the year end.
Details of Subsidiary UndeTlaklngs'.
Aggregate
Class and
cap5tal
proportion and reserves
of shares as at 31112123
Profit for
the year
year ended
31112123
Country of
reglstration
Name
Sacrewell Limited
England and Wales 100'/o Ordinary
(£8,771)
£24,340
The principal activity of Sacrewell Limited is that of a country centre.
Page 20

THE WILLIAM SCOTT ABBO￿TRUsT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
15. stocks
The
Group
2023
The
Trust
2023
The
Group
2022
The
Trust
2022
Goods for rosale
Consumables
Llveslock
17,653
3,586
10,660
1,765
3,586
10,660
21,053
4.659
32,865
1,727
4,S59
32,865
31,899
16.011
58.577
39,251
16. Debtors
Th&
Trust
2023
The
Group
2022
The
Trust
2022
Group
2023
Trade debtOTS
Amount due from group undertakings
other debtors
Prepayments and accrued income
30,326
26.823
78.490
21,999
19,892
92,476
4.304
4.133
14,626
34,294
18,929
17,584
7.885
79,246 113,198
58,512
120.805
17. Crodltors - amounts falllng due wlthTn one year
The
Group
2023
The
Trust
2023
The
Group
2022
The
Trust
2022
Trade creditors
Other ciedilors
Other tsxes and social security
Accruals and deferred income
Loans
34,388
2,473
19,352
66.416
18,137
2,075
9,919
44,329
26,403
2,863
19,181
64,377
19,200
22,255
2,353
5,435
44,412
19,200
122,629
74,460
132,024
96,656
Included within loans for both the Group and Trusl are liabilitifjs secured against property owned
by the twst of £Nil12022'. £Nill
Page 21

THE WILLIAM SCOTT ABBOTT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
18. Credltors- amounts falling after more than ono year
The
Group
2023
The
Trust
2023
The
Group
2022
The
Trust
2022
Loans
2.618
2,618
2,618
2,618
19. Fund rgconciliatlon
The Group
RestrictBd funds
Balance
at Incoming Resource$
01101123 rèsources expended
Balance
at
31112123
Gainsj
losses Transfers
Education fund
Revaluation ftjnd
16.265
8,903.714
12,468
110,7981
1,227
19,162
165,0001 8.838,714
8,919,979
fj2,468
110,798)
163,7731 8.857,876
Unrestrlcted funds
Balance
at Incomlng Resources
01101123 resource5 expended
Balance
at
31112123
Galnsl
losses Transfers
General fund
2,827,834 1.168,407 11,296,406)
19,687
63,773 2,783,295
2,827,834 1.168.407 {1,296,4061
19,687
63,773 2,783,295
Education fund
The purpose of this fund is lo ring-fence grants recetrved specifically for the 8cquisilion of assets in
relation to Education projects.
Revaluation fund
The revaluation fund relates to the cumulative, unrealised gains on property held at valuation.
Page 22

THE WILLIAM SCOTT ABBOTh TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
19. Fund reconciliation Icont'dl
The Twst
Restricted funds
Balance
at Incomlng Resources
01101123 resources expended
Balance
at
31112123
Gainsl
losses Transfers
Education fun
Revaluation fund
16,265
8,903,714
12,468
110,798)
1,227
19,162
165,0001 8,838,714
8,919,979
12,468
110,7981
{63,7731 8,857,876
Unrestricted funds
Balance
at Incoming Re$ources
01101123 resourcps expended
Balanco
at
31112123
Gainsl
losses Transfer5
General fund
2,918,571
801,420 1956,4551
19,687
63,773 2,846,996
2,918,571
801,420 1956,4551
19,687
63,773 2,846,996
Education fund
The purpose of this fund 15 10 iing-fence grants received specifically for the acquisition of assels in
relation to Education projects.
Revaluatlon fund
The revaluation fund relates lo the cumulative, unrealised gains on property held al valuation.
Page 23

THE WILLIAM SCOTT ABBorrTRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
20. Analysi$ of net assets between funds
The Group
Net
current
assets
Flxed
assets Investments
Total
Restrlcted funds
Education fund
Revaluation fund
19,161
8,838,715
19,161
8,838,715
Unrestricted funds
General fund
2,336,824
214,326
232,145 2,783,295
11.194,700
214,326
232,145 11,641,171
The Trust
Net
current
assets
Fixed
assets Investments
Total
Restrictgd funds
Education fund
Revaluation fund
19,161
8,838,715
19,161
8,838,715
Unrestrlcted fund$
General fun
2,333,401
264,328
249,267 2.846,996
11,191,277
264,328
249,267 11,704,872
Page 24

THE WILLIAM SCOTT ABBOTT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
21. Operatlng lease commltments
Lessee
At the reporting end dale the charity had outstanding commitmen15 for future minimum lease
payments under non-cancellable operating leases, as follows,.
The Group
2023
2022
Within one year
Between Iwo and live years
7,028
1,274
7,670
15,565
8.302
23,235
The Trust
2023
2022
Within one year
88￿een two and five years
7,028
1,274
7,670
15,565
8,302
23,235
Lessor
Al the reporting end date, the charity had contracted with tenants for the following minimum lease
payments..
The Group and Trust
2023
2022
wrthin one year
Between and five years
More than five years
115,055
206,875
654,366
120,505
290,875
669,334
976,296 1,080,714
Page 25

THE WILLIAM SCOTT ABBOTT TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
22.
Penslon costs
The Group operates a defined contribution scheme, and a stakeholder scheme is available lo staff
should they so wish. The pensions costs charge in the Statement of Financial Activitses represents
contributions payable by the Trust lo the fund and amounted lo £10,096 {2022 £11,142).
23. Analysis of changes in net funds - Group
1 January Cash flows 31 December
2023
2023
Cash at bank and in hand
93,042
150,587
243,629
Page 26

THE WILLIAM SCOTT ABBOTT TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDELI 31 DECEMBER 2023
2023
2022
INCOME AND ENDOWMENTS FROM:
Donatlons and legacies
Gifts
Grants
Gift aid
4,723
12,868
16,258
1,540
6,875
33,849
8,415
Charitable actlvltle8
Admission and visitor activities
Education activities
503,256
66,747
506,881
58,628
570,003
565,509
Investments
Rental income
Bank interest received
146,236
6,365
159,183
8,489
152.600
167,672
other Income
Profil on sale of fixed a5sel
other miscellaneous income
18,005
39,431
30,633
57.436
30,633
Total income and endowments
813.888
772,229
EXPENDITURE ON:
Property management costs
Charitable 8clivilies
{56,4681
1910,7851
{87,971}
11.011,5701
Total expendlture
1967,2531
(1,099,541)
Gainsllosses on investments
19,687
125,9341
Net movement in funds before transfers
1133,6781
1353,2461
Page 27

THE WILLIAM SCOTT ABBOTT TRUST
SCHEDULE OF RESOURCES EXPENDED
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Property management costs
Wages and salaries
Social security
Pensions
Rates and water
Professional fees
Property repair and maintenance
Insurance
13.135
1,852
999
14.054
2,313
1,426
781
37,871
9,110
22.416
14,462
26,020
56,468
87,971
Charltable activities
Wages and salaries
Social security
Pensions
Rates and water
Light and heal
Telephone and IT support
Slalionery and postage
Advertising Costs
Bank and credit card charges
Professional fees
Refuse collection, cleaning and hygiene
Livestock suppliers
Activity Costs
Experience costs
Property repairs
Machinery repairs and maintenance
Vehicle costs
Travel
HR and health ar¢d safety costs
Training
Recruilmenl
Sundry expenses
Subscriptions
Insurance
Meeting expenses
Depreciation
Adminislralion
Irrecoverable VAT
Goverrbance
358,240
20,013
6.337
34.245
93.571
13.402
1.353
3,781
229
11.953
74.275
55.608
18.039
383.820
14.172
3.166
12.706
100.251
13.026
1,528
23,553
3.543
3,770
69.713
19.727
86,636
15,876
38,923
24,466
40,937
14,323
81
489
9,870
1.179
9,421
2,689
6,221
816
4,929
26.020
5,231
65.486
125
4.739
40.472
578
3,452
22,416
3,104
72.440
37.307
44.108
910,785
1,011,570
Total expendlture
967,253
1,099,541
Page 28