MOORE Charity registration number 233603 (England and Wales) THE WILLIAM SCOTT ABBOTT TRUST ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
THE WILLIAM SCOTT ABBOTT TRUST CONTENTS Page Trustees. report Indop8ndenl auditfrfs r&port Stslemenl (>f fJnan¢ial 8¢llvllies Balance sheet Stalemenl of cash flows Notes lo th8 financial stat8m8nts 8-25
THE WILLIAM SCOTT ABBorr TRUST REFERENCE AND ADMINISTRATIVE DETAILS Registered charlty number.. 233603 Trustees- Mr D Pickering Mr M E Grange Mrs S M Barnhurst Mr D W A Burgess Mr S Leeds Mr P Fieldhouse Mrs G Br2dshaw Mrs Clare Otridge Principal Addrgs$: Sacrewell Fami & Country Centre Great Norih Road Thornhaugh Pelerborough PE8 6HJ Audltors.. Moore Chartered Accounlanls Rulland House Mlnerva Businass Park Lynch Wood Pelerborough Cambridgeshire PE2 6PZ Bankers: Barclays Bank plc Benel Slreel Cambridge C82 3PZ Sollcltor5- Grèenwoods LLP Weslpoint Lynch Wood Pelerborough PE2 6FZ
THE WILLIAM SCOTT ABBOTT TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees present the annual report and audited financial slalements of The Willism Scott Abboll Trust IWSAT for the year ended 31 December 2025. The Trustees confirm that the annual report and financial slalemenls comply with the requiremenls ol the Charities Act 2011 and Ihe Sla16ment of Recommended Practice ISORPI"Accounling and Reporting by Charities. issuod in January 2021. The Wllliam SGott Abboll TrL¢sI consolidated financlal statements include the results of ils, tradlng subsldiary. Sa¢rewell Limitaé. The William Scott Abboll Trust is a regislered charity, number 233603. Th8 Charitable Trust was 8st8blish8d in OeGember 1963 by the late Mrs Mary Abbott in the memory of her husband William Scotl Abbott. The trading subsidiary, operating as Sacrewell Limited. was formed in July 2015. Structure, Governance and Management Trustees There are currently eight Trustees, who are selected lo represent a wide rang8 of 6xpèri6nce and expertise in the fields of agriculluTe. educ8tion, business ancl communications. The Trustèes who held office durlng the year and up to the dat6 of signature of the financial statements were as follows: Mr David William Burgess - Chairman of Trustees Mrs Rachel Wild Iresigned 25 June 20251 Mr Duncan Pickering Mr Michael Grange Mrs Susan Mary Bamhursl hAr Paul Fieldhouse Mr Simon Leeds Mrs Ggmza Bradshaw Mrs Clare Otrldge lappoinled 25 June 20251 The appointment ol new Trustees is in thè gift of the present Trustees, and all such appointments require the approval of the Trustees of The Royal Agricultural Society of England. When 2 vacancy on the Board of Trustees arises, areas ol sklll and experitsnce ¥mong thé Trustees that need lo be enhanced or replaced are id8nlifi8d.' new Trustees are then appointed, following a selectlon process Garried out by thé Èxisting Trustees. New Trustees are provided with comprehensive information about the Trust and ils activities and are gwen an inlroduclory tour of thè farm and the holdings. Appropriate Iralnlng Is provided by thé Trust's advisors and other professlonals as necessary. The Trustees are not paid,. this is a voluntary position. The Trustees p19ce great importance on good governance.. both the Charity Commission's publication 'The Hallmarks ofAn Effeclivo Charity, and the Code lor the Voluntary and Ctsmmunily Ssclor publlcalion entilled 'Good Governance, have been worked Ihrough in detail lo ensure that the TTUSI complies with all the requirements in all 8re8s of governance. The board of Trustees have met on four occasions., al each of these meetings the Trustees have been joined by quorum Dflhe S8crewèll Limited Directors (Mr D W Burgess, Mr P Fieldhouse and Mr R Payne) and on two oflhese OCCaSlDns al least one of the WSAT Family Cornmiltee (Mrs S Millard. Ms N Powell, Mr R Paynel. Al the beginning ol every meeting, the Trustees are asked to declare any conflicts of inler8sI In relation lo mallers lo be discussed. Any such conflicts are minuled and any Truste6 with a conflict lakes no part in discussion of the relevant item or ny associated dectsion.
THE WILLIAM SCOTT ABBOTT TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 202S Achièv&mants and p&rformanc8 The siart of the year was positive with some of the highest footfall in recent years. However. against the background of a cosl-of-living crisis lo begin in 2026 dipped from June onwards. The Trust continues lo priorilise raising awareness of the charitable Irusl. working in partnership with key slakehol(lers frorn education, the progression of the education programme, developing 2 Strong volunteer network and making its heritage assets and livestock more accessible. A Volunteer Co-ordinator was recruited to promote volunteering opporlunilies, and volunteers continued to support in maintaining an archive of items of histori importance, and promote heritsge crafts and assets. The Liveslock team has conlinued to work with two regional colleges, lo support work experience students. There have been some ¢hanges lo the Management Team during the year, in¢luding a change lo the organisalional structure with a focus on having the rFghl people in the right roles. The year ended with the management team al full strength. The Finan¢e Sub-committee conlinues to ensure full discussion and transparency of all financial information. The sul>commillee consists of 2 Twstees and 2 Management Team members. Formal meetings are held on a monthly basls. The overall day to day management of the Trusl's affalrs Is Car out by the General Manager, supported by professional and adminlslralive staff, and by a relevant range ol external advisors. Decisions are made at the appropriate managÈmenl lèvél,. d¥y-to-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 beiween such meetings, by correspondence Iby letter or email) and telephone calls. Objectives and activities The William Scotl Abbott Trust is an educational charity committad to conn8Cting peopl8 to agriculture ar the countryside through a variety of experiences in 8 diverse historic lands¢ape. The do¢umenl setting out the strategy for the operation and management of the Trust, which was adopted in January 2017, contains the followsng sl8lemenl of purpose.. "The aim of thè William Scott Abboll Trust is to connect P8ople of all agès and backgrounds tts the sciencè, heritage and practical art of agriculture, Jnd lo rry out our educational work so as to be highly effective i pursuit of the Trust's charitable objeclSves. Delalls of how the Trustees have Mrthered these oblecllves during the year are summarlsed Ihls report.
THE WILLIAM SCOTT ABBOTT TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 Edu¢atlon31 Uso of the Farm In accordance with the Charitable aims and strategy of the Trusl, great emphasls Is placed on educatlDn and outreach, providing opportLJnilies for people lo learn about tha ntrySIde, agricLElture. food and farming and lo understand the opportunities and challenges fad in agriculture across the country. Sacrewell Farm and Country Centre is used as a direct resource lo provide opportunities lo lake the curriculum outdoors and lor visits to a farm, water course, woodland, and b111 heri18ge,' such visits are made by school children of all age and adults. These vlsils offer people the chance to not only learn about farming and agriculture. wildlife and b¢odiversily, and natural habilals bul also to Gover a wide range of the National Curriculum. They enable children to be outdoors in all seasons and all weathers, whloh has bean shown lo be of great benetil lo a child's development, as well as being 8njoyabla. Evidence shows that being outslde and mixing with nature and animals is also of groat benefit lo Ihe mental wèll-bging 0¢ individuals both young and old. This aspect of the Trust's work has continued lo expand and 18 of increasing Importance. In addilion lo woik5hop8 off8red as part of educational visits for primary school children, the Trust operates Seedlings, sessions for toddlers, workshops for pupils educated al home and farm camp for overnight stays and educational 2clivilies throughout the day. Sacrewell also hosted willow weaving, mill lours and talks, archaeology open days, as well as a sheep shearing anc6 wool spinning event. On a wider scale, the Tru51 continues lo develop partnerships with education providers with sSmllar aims and objective5, including the East of England Agricultural Society, and il has collaborated with an award-winning author. The malorfty of the 550-acre faTm is lel on a Farm Business Tenancy to RIv8rford Organic Farmers. As parl of the tenancy agreement. the lenanl must provide visitors with an opportunity to tour 8 diverse farming enterprise and better ur)dersland the links between food and farming. Farming records are malntalned for the tenant's business and reviewed by the Trustees iwi¢e a year. The Livestock team have furthered links with regional colleges and provid8 opportunities for students lo prepare for the working world. The team undertakes inilial inlervlews with ths student and encourages them lo learn how to work within a learn, becom& more organised 8nd confident, meet new peop18, devglop their skills and lake a hands-on 8pproach to188rning. The Livestock team conllnue lo work in partnership with the Educallon team lo offer and provide education workshops, helping pupils lo develop knowledge 8nd skills around anlmal care, husbandry and life cycles. Duke of Edit)burgh students visit our campsitè and use Sacrewell as a base for countyside walks. EduGalion talks are also delivered lo public visitors 8t weekends and during school holidays. iv
THE WILLIAM SCOTT ABBOTT TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 Land and Building Management and Livestock The Trust's landed assets consisl of circa 550-acre farm. mostly let on an agricultural tenancy but also including an 18th C. Grade 2, listed working water mill, two Grade 2 listed Farmhouses. several stone bams, and a modern sleel-span agricultural building housing 8 soft-play cenlre. along with collages, and Commercial tenancies on the wider farm. Additionally, WSAT owns fj residential let collage in Wansford. A National Lottery Heritage Fund grant was secured lo support the developmenl of an options appraisal for the Farmhouse lo begin in 2026. Our aim is lo achieve a high standard of18nd management and stewardship, in accordance with best pr8clice. By following these aims, the TrustÉ8s intend lo imp¥ove the environment and habilals on the farm and protect the landscapes 8nd heritagè ass81s in their care. As with any land holdillgs, the situation is nol static, with land or buildings being acqulred or disposed of, as suilable opportunltles arise, lo irnprove Ihe holdings and in pursuit of the charitable objects. Our dlfferenl anlmal herds continue to thrive, and the Trust keeps. for public benefil, several Gtslden Guernsey and Boèr goal kids, Jacob Boreray lambs. Belted Galloway calves, Kunekune and pot-bellied pigs, rare breed chickens and turkeys. The livesl(Kk offering continues lo enhance our educational objecllves and the Trust conllnues lo strive lo provide the best level of animal husbandry. education and contribution lo our wider communities.
THE WILLIAM SCOTT ABBOTT TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 Bulldlngs and CommÈrclal and Residential Tenancies The programme of work lo rnalntsin and impiove the fabric of the country centre has continued- repairs have been undertaken lo residential properties 2nd comM8rcial properties. Following full assessrllenls of the requirements across the holdings. a rolling prograrnme of electrical inspecllons and the necessary resullanl work, and a programme of building improvements, continued. The consequences ofthis programme are aeslhelic impTovem6nls, meeting legal requirements and seeking lo ensure the Trust's assets do not fall Into a slate ol disrepair. Inve$lm&nt8 As well as the farm and holdings. the Trust has a portfolio of investments., the income from these inveslmenls and any surplus income from Sacrewell Limlled are re-invested into the Lspkeep and improvemenl of the Farm and Country Centre. The Finance Sub Committee meet with Ihe inveslmenl manager once a year, monitoring Ihe performance and discussing relevant issues,. addillonal meellngs are h8ld as circumslanBe5 require. Financial revlew The main sources of income for The Williarn Scotl Abboll Trust aro èdmission ineome from thè Visl0r centre, commercial events. donations and grants, and rental income from commercial and residential lellings. Sacrewell Limited gives all surpluses to the Charity for its use as required. For the year ended 31 December 2025. the Trustees are pleased lo report ¢onsislenl GroLJP turnovèr of £1,130,79212024.' £1,177.8071. The in-year deficit as at 31 December was £227,844 {2024.' deficit of £63,564> The Trustees and rnanagemenl team have identified and considered Ihe major risks lo whi¢h the charity is exposed,. systems lo miligale those risks have been established. The Risk Register is Teviewed regularly by the management team and changes are reported lo the Tyuslees al 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 rising costs. The Trustees arnd management team have implamented plans and strategies both in the current year and looking fonmard in order lo millgale these risks. Where possible, costs have been reduced during the year with good progress made in pulling the Trust on a stable linanGial fooling, bul alongside the impact of the cosl-of-living crisis, the Trust has also invested in bringing catering operallons in-house following several months of trading losses working with a third party. Our commitment to bringing the catering in-house, as well as our on-going programme of remedial work and improvements across the Twsl's esta1& has resulted in a loss for the 2025 financial year. We have already seen positive relum on the Investments made and havg taken steps in support of footfall and lo further manage costs for 2026. Reserves Policy The Trustees have sel aside a reserve fund of £104.000. Al the y6ar end the group had lolal reserves of £11,349.763, ofwhich £8,848,322 was reslricled. Of thè total resèrves balance, £11,185,521 relates lo Fixed Assets Funds (made up of £8,848,322 r@slriclèd funds and £2,327.199 unrestricted). The nel reserves held al the year-ené aft6r waking allowance lor reslricled red asset funds was £164,242
THE WILLIAM SCOTT ABBOTT TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 Investment Pollcy and Performance The Trust Deed empowers the Trustees to appoint investment advisors. who have discretion lo invest funds for the Trust within the guidelines eslabllshed by the Trust Deed.. CCLA for Charities currently fulfil this role.. their performancè is r6vi6wed annualty. Poy poll¢y The Trustees consider that the Management Team comprise the key managernenl personnel of the Trust in charge of the directing and runnlng of the Trust and Sacrewell Limited on a day-lo-day b2sIs. The remuneration of the senior staff is reviewed by the Trustees on an annual basis consider¢ng the requirements of their role and performance dLJrfng the year. The Trustees and General Manager benchmark pay levels against compaFablo KK)silions in similar organisallons, and this is reviewed quart8ty. Fundraising The group has not carried out slgnificant fundraising actsvily in the year. PUBLIC BENEFIT Following the passing of the Charities Acl 2011, thare rnusl be an idenlifiabte benefit or benefits arising from the work of 811 charities,. such benefits musl be lo the public or a section of the public. The Trustees confirm that they have referred lo the Charity Commission's guidance on public benefit and advancement of education when reviewing the Trust's aims and objectives and in planning future activities 8nd dèvelopments. In pursuit ol ils educational charitsble obleclive, direct use is made of Sacrewell Farm and Country Cenlre. by hosting an increasing number of work experience pkcemenls as well as visits by primary school children, and yourvJ people with special educational needs arsd disabilities (SEND). Information is also provided across the sile that dlreclly meets Ihe Trust's charitable objectives. The trust is also refocuslng its efforts lo provide education around heritsge assets and livestock and to welcome volunteers who eAn benefit fmm working with others, learning new skllls and op&raling in a countryside selling. 11 can therefore b8 sèan that the work of the Trust benefits the public., further detsi15 of the eduGalional work and educational developments are sel out on the Trust's webslle, whlch is ftequenlly updated, lo provide more information. PLANS FOR THE FUTURE The strategy for the future of the Trust and the management of ils assets, Including maintenance ofand improvements lo the farm and all holdings will be followed. subject to revlew. The pla and prforllies have been documented and communicated, and additional opporlunilies will be sought. The Trust continues lo develop new and allemative ways to support the provision of an agricultural and countryside education lo all including the consideration of apprenticeship opportunities, adult workshops, aducation around food and farming and learning through play. The Trust will also locus on health and wellbeing for all. New aducalional partnership5 will be established, an archaeology dig will lake place, there will be further investment in the sile and ils infraslruclure, giant-funding Mqll be sought for educalion, livestock and ieslorallon projects. and there will be a strong focus on dèlivering a catering offer that highlights the journey from field lo fork. The Iiv6slock offerlng wlll continue lo orow with animals conceiving, carrying and being delivered on site. givlng hancls-on experience for our staff. sludenls and visilors.
THE WILLIAM SCOTT ABBOTT TRUST REPORTOF THETRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 William Abbott w85 V8ry 8lpreneurla1. a man who nevgr slopped learrEing. developing and trying out new opportunities. from artlficial inseminallon to battery chicken farming the post war BritaSn where getting food on the table was paramount. We stiive lo continue to innovate and develop Ihts Trust in a manner that would reflect his passion to keep evolving. STATEMENT OF TRUSTEES. RESPONSIBILITIES The Tru51ees are iesponsible for preparing the Report of the Trustees and the financial slatem8nt8 In accordance th applIcablaW and UnSted Kingdom AccoL5ntlng St8ndards (United Kingdom Generally Accepted Accounting Praclicel- The law applicable lo charitlBS in England & Wale5 requtr8S thè Trustees lo prepare financial slalements for each financial year which giv8 a true and fair view of the slate of affai15 01 the chaiity and ol the incoming resourc85 and application of resourcos of the charity for that period. In pr8paring th686 finBnoial slatemenls, the Trustees are required lo: S81ecl suitable accounting ptslicies and th8h apply them conslslently. ObseNe the m81hods and princlples in th8 Charities SORP.. Make judgemgnls and eslimales that are ieasonable and prudent., Slate whether appllcable aecounting standards havg been followed, subject to any departures disclosed and explained In the financial stalemerkls,. and Prepare Ihe financial stalemenls on the going concem basls LJnl&$s11 Ss Inappropriate to presume that the charity will continue in op6ration. The Trustees are responslbl8 for kaèping accounting records that disclose wlth reasonable accuracy al any time ihe finanaal position of the charity and enable them lo ensure that the fin8nci81 stètements comply with the Charities Act 2011, Ihe CharSty (Accounts Reports) Regulations 2008 and Ihe provlsions ol the trust de8d. They a zlso resptsnsible lor safeguarding Ihe assets ol the charity and hence for laklng r8a80nabl& steps lor the pr8v8ntion and detection of fraud arKI other Iiregulariliès. Appr(wed by order of the Trustees on .. and signed on th8ir b8half by, Davld Wllllam Buryess Chalr of Trustees
THE WILLIAM SCOTT ABBOTT TRUST INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE WILLIAM SCOTT ABBOTT TRUST Opinion Wo hav8 audiled the financial statemeTrts of The William Scott Abbott Trust Ilhe 'parenl charily'l and Ils subsidiaries (the 'group'l for the year ended 31 December 2025 whiGh comprise the Consolidated Slalement of Financial Activities, Consolidated Balanc8 Sheet, Trust Balance Sheet, Ccnsolidated Statement ot Cash Flows and notes lo th8 linancial statemen15, Including a summary of signlflcanl accounting w11cies. The financlal reporting fr8m8work that has been applied in their preparation is applicab18 law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic ol Ireland (United Kingdotn Generally Accepted Accounlino Practice). In our oplnion, the flnaneial statements,, ge a trug and fair view of the state of the group's and par8nl charlty's affairs as 8131 Decemtrer 2025 and ol th8 group's incoming resources and applicatiort ol resources lor the year then ended have b8en properly prepared in 8ccordan¢8 wllh United Kingdom Generally Accgpled Accounting Practi(*'. and have been prepared in accordance wilh the Charities Act 2011. Basls for oplnlon We conducted our audit in accordance wlth Internatnal Standards on Audlling IUKI IISAS IUKII and applicable law. Our responsibilitles under those standards are lurlher deserlbed in the Audilors responsibilitiés for fhe Budil ol the financi81 sl8lemenls section of our report. We are independant of the trust in accordance with the ethical Tequirements Ihat are relevant ta our audit of Ih8 financial st31ements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethiLal responsibilities in accordan with these requirements. Wg believ8 that the audit ev6dence we have obtained is sufficient and appropriate to provide a basis for our opinign. Coneluslons relatlng to going ¢onc8rn In auditing the flnanclal statem8nts, we have conduded that the trustees. use of the ooing concem basis ol accounting in the preparation of th8 financial ststemenls is appropriale. Based on the work we h8ve performed, we have not identified any material untertainlies relating lo evenls or conditions that, individually or collectively, tnÈy cast Slgnif¢G8nt doubl on the trust's ability to continue as a going concern for a period of at le85t twelve months from when the financi81 siatement5 are aulhorised lor issu8. Our responsibilities and Ihe responsibilities ol the trustees wth respect to going concern arè described in the relevant sections of Lhis report. other Informatlon The other information comprlses the information induded in the annual report other than the financial slatements and OLEr auditovs report Ih8reon. The trustees are responsible for the other inforrnalion Gontained within the 8nnual report. Our opinion on the finan(Mal statements dogs not cover tlie other information and we do nol express any form of assurance conclusion theretsn. Our responsibilily is to read the other informalion and, in doing so, consider whether th8 other information is materially inconsistent th the financial slat8menls or our knowledge obtained in the courso ol the audit, or oth8rwise appe8r5 to be maleria51y misstated. 11 we identify such materlal inconsislenaes or apparent material misslatemenls, we are requifftd to deterrnlne whether this gives rlse to a material misstatement in the financial statements Ihomselves. 11, bas8d on the work we have performed, wè conclude that there Is È materi81 missla18meni of this other information, wè aré required to report Ihat fact. We hav8 nothing to repc)rt In this regard. Mallers on which we are requtred to report by exceptlon W8 have nothing to report in respect or th8 following matters In relalion to whlch the Char¢lies (Accounts and Reports) Regulallons 2008 requÉres u5 to r8POrt to you if, in our opinlon.. the snforrnation given in the financial slzlements is inconsistent In any malerlal respect with the Irustees. report., or suffic18nt accounting records hav8 not been kept., or the financial slalements are not in agreement with th8 accounting records,. or we have not received all Ihe iriformation and explanations we require for our audlt.
THE WILLIAM SCOTT ABBOTT TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE WILLIAM SCOTT ABBOTT TRUST R•sponslbllitle8 of trustees As explained more fully in the statement of Iruslees, ¥esponsibilitl8s, the Iruslees are responslble lor the preparation ol Ihe financial statements and for being satisfied that they give a true and lalr view, and for such internal control as Ihe trustees delemine is necessary lo enable the preparation of financial slatemenls that are free from maleria misslalemenl, whether due to fraud or error. In prepariryJ the fflnancial statements, the trustees are ¥esponsible for assessing the trust's ability lo ¢onlinue as 2 going concern, disclosing, as applicable, matters relaled to going concern and using the going concein basis of accounting unless the trustees either intend lo cease operations, or have no iealislic alt8rnative but lo do 50. Audltorfs responslbilities for the audll of thè Ilnanclal statements We have been iipwinled as 8udilor under seclion 144 of th8 Charilles Act 2011 and feport in accord8nce wilh the Act and r8levant regulations rnade or having 8ffecl theretjnder. Our objectives are lo obtain reasonable assuiance about whether the financial statements as a whole are free from material misst8t8menl. whelh8r due lo fraud or arror, and to issue an auditorfs report thal includes our opinion. Reasonable assurance is a high level ol assurance but is not a guarantèe that an audit conducted in 2ccordancè with ISAS IUKI will 8lways delect a material missta18menl when it exists. Misslatemenls can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to inlluence the economic decisions of u8eis taken on the basis of Ihese financial stalernenl5. Tha extent lo which our procedures 8re capable of det8cling irregul8rilies, including fraud, is detailed b810w. Explanatlon as to what axtent the audit was consldered capablé al detectlng irr8gul8rltles, includlng fraud The objectives ol our audit in respect DI fraud, are., lo identify and assess the risks ol material misstatement of the flnancial stat8ments due lo fraud., lo obtain sufflcient appropriate audit evidenco regardlng the ass8ssèd risks ol rnaterial misstal¢ment due lo fraud, through designing and implementing appropriate responses to those 8558ssed rlsks,. and to respond appropriately lo instances of fraud or suspec18d fraud Édenlified during the audit. However, the primary responsibility for the prevention and delectlon of fraud rests wth both management and Trustees of the Charity. Our approach was as follow$-. We obtained an understsnding of the legal and regulatory requirem8nls applicable to the charity and considered that the most signifi¢ant are the Charities Act 2022. UK financial reporting standards as Ès5U8d by the Finallci8 Reporting Council, ar¥d UK taxation legislation,. We obtain8d an understanding of how the charity complies with these requSrements by discusslons wÉlh management and those Charged with governance., We assessed th8 risk ol material mlsstalement ol the flnanaal statem8nts, including thè rfsk ol material misslalement due to fraud and how it might ocLur, by holdlng discussions wÉlh management and those charged with governanc8,' We inquired ol man£gemenl and those chaTged with governance as to any known instances of non-cornpllan¢e or suspected non-cotnpliance with laws 8nd regul8lions'. We dls¢ussed where i[1vidUalS involved in the financial reporting process have a sn111Cant level of eontrol and considered the controls and reviews In place lo mitigate the presence ol Ihis risk,. 8ased on this understanding, we dèsigned SPriC appropriate audit procedures lo identify instances of non- cornpllance with laws and regulations. This induded maklng enquiries of management and Ihose charged wllh governance and obtaining additional corrob(>ratlV8 evidence a5 required. A further description ol our responsibilities Is available on the Finarb¢ièl Reporting Council's website al.. https:11 www.frc.org.uklaudilorsresponsibililies. This desciiptlon folms part of our audilor's report.
THE WILLIAM SCOTT ABBorr TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE WILLIAM SCOTT ABBOTT TRUST Usé of our report This report is made solely lo the charlty's Iruslees, as a Ix)dy, in accordance with Part 4 of the Charities IAcoount5 and Reports) Regulations 2008. Our audll work has been undertaken so that we might state to the charlly's Iru8lees those matters we are required to 51ate to th8m in an audilor's r8PQrt and for no other purpose. To the fullest extent permitted by law, we do not accept or assumg responsibilily lo anyon8 Other than the charity and the charity's Iruslees as a body. lor our audit work, for this report, or foi the opinions we h8V8 fomied. Mohamedraza Mavani (Senior Statutory Auditor) For and on behalf of Moore, Statutory Auditor Chartered Accountants Rutland House MineNa Business Park Lynch Wood Peterborough PE2 6PZ Date.. Moore is eliglble lor appointment as auditor of the trusl by virtue ol its eligibility for 8ppoinlment as auditor ¢>f a company under 5e¢tion 1212 01 the CotllP3nies Act 2006.
THE WILLIAM SCOTT ABBOTT TRUST CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestrlcled Restrlcted funds fund5 2025 2025 Total Unrestrlcled Restrlcted funds funds 2024 2024 Total 2025 2024 Notes Income and endowments from.. Donations and18ga¢ies Charitabl8 activitiès Other trading activities Inv8Stments Olhor Income 45,916 612,148 299,715 120,285 52.728 45.916 612.148 299.715 120,285 52.728 43.281 570,906 376,795 150,217 36.608 43,281 570,906 376,795 150.217 36,608 Total income 1,130,792 1.130.7g2 1,177.807 1,177,807 Expenditur6 on.. Charitable activities Lel estate 1,275,345 72.255 4.930 1,280,275 72,255 1.184,514 57,564 4,624 1,189.138 57,564 14 Total expendilure 1,347,600 4.930 1,352.530 1,242,078 4,624 1,246.702 Net gainsl{lossesl on inveslmenls 15 16.1061 16.1061 5.331 5,331 Net expendlturè 1222,9141 14.9301 1227.8441 158,9401 14,6241 163,5841 Transfers been funds 15.4171 5,417 Net movement In fund {228.3311 487 1227,8441 158.9401 14,6241 163,5641 Reconclliation of funds.. Fund b218ric85 81 l January 2025 2,724,355 8.853.252 11,577,607 2,783,295 8,857,876 11,641,171 Fund balances at 31 December 2025 2.496.024 8,853.739 11,349,763 2,724,355 8,853,252 11,577,607 The statement ol fin8nel81 activities includes all gains arKI losses cogniSed in the year. Ml income and expenditure d8rive from continuing 3ctivlties.
THE WILLIAM SCOTT ABBOTT TRUST CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Noles Flxed ass•ts Tangible assets Inveslm&nt property Inveslmenls 17 19 20 3,958,301 7,227,220 65,551 3,938,981 7,277.220 191,657 11.251,072 11,407,858 Current assets stocks D8blots Cash at bank and in hand 22 23 43,283 59,515 148,825 37,584 71,505 137.648 251,623 246,737 Credltors: amounts falllng due wlthln one year 24 1152,9321 176.9881 Net ¢urr8nt assets 98,691 169,749 Total assets legs current Ilabllltle5 11,349,763 11,571,607 Th8 funds of the trust RestrictEd income funds Unrestiicted funds 26 28 8,853,739 2,496,024 8.853.252 2,724.355 11,349,763 11.577,607 The finand81 statements were approved by th8 trustees on . Uts4¥ D W Burgess Tru5fee
THE WILLIAM SCOTT ABBOTT TRUST TRUST BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Notes Flxed assets Tangible assels Investment Property Investrnents 18 3,879,Q79 7,227.220 115,553 3,920,276 7.277,220 241,659 21 11,221,852 11,439,155 Current assets Stocks Deblots Cash al bank and in hand 22 23 22,717 302.920 87.545 21,082 122,901 80,774 413,182 224,757 Creditors.. amounts fèlllng due wlthln one yeai 1125.5551 153,8961 Nèt current assets 287.627 170,861 Total assets less current Ilabllltles 11.509.479 11,610,016 The funds of the tru8t Restricted income funds Unreslricled funds 27 29 8.853.739 2,655.740 8.853,252 2.756,764 11.509,479 11,610,018 The financlal slalem&nls were approved by the trustees on. D w auryess Trustee
THE WILLIAM SCOTT ABBOTT TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Notes Cash flows from operatlng aetlvitles Cash absNb8d by operallons 35 1212,9031 1206,4301 Investing activitles Purchase ol tangible flxed assets Proceeds from disposal of langiblts fixed assets Proceeds from disposal ol other investments Investment inGotne received 186,2051 177,7681 70,000 120,000 120,285 28,000 150,217 Nel cash 9onarated from investing actlvltlès 224,080 100,449 Net increaselldecrea$èl In cash and cash equlvalents 11.177 1105,9811 Cash and cash equivalents al b8ginnlng of year 137,648 243,629 Cash and cash equEvalents at 8nd of year 148,825 137,648
THE WILLIAM SCOTT ABBOTT TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Aceountlng policles Charlty infomiallon The William Scott Abbott Trust is 8 charitable trust registered in England 8nd W8le5. The princlpal place of bu5inESS is Sacrewell, Thomhaugh. Peterborough, PE8 6HJ. The nature of the charity's cbperatlons and principal activities are provided In the Report ol the Trustees. 1.1 Accounting conventlon The firsanGi81 stalements have been prepared in accordance with tho trust's governing document, ihe Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republlc ol Ireland and Ihe Charities SORP "AccounlÈng and Reporting by Charities.. Statement of Recommended Pr3cllce appllrable lo charities preparing their accounts in accordan wilh the Financial Reporting Standard appllcabl8 In th8 UK and Republic ckf l¥eL8nd {FRS 1021 Th8 trust is a Public Beneh'l Enlily as defined by FRS 102. The financial statements havg doparted from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provld8 a tru? and fair vlew. Thls deparlure has involved following th8 Statement DI Recommended Practice for charilios apptying FRS 102 ralher than the version ol the Statement of Recommended Pradice whÉch15 referred to in the Regtslatlons but which has since been withdrawn. The financial statements arg prep8red in sltrrfing. which is the functional currency of the trust. Monetary amounts in these finanLial slalements ar8 munded lo the nearest £. The financial stat8menls have been prepared under the historical cost convention, modified to include the ievaluallon of freehold properties and to include investment properties and certain linan¢i81 inslrumenls at fair value. The prlncipal accounting policles adopled are set out below. 1.2 Golng conc8rn Al the lime ol appr0i4ng the financial 818temenls, the tnjsteès have a reasonable expectation that the Irusl has 8dequale resources io continue in operational ex¢slence lor the foreseeable future. Thus the trustees continue lo adopt the golng concern basis of accounting in preparing the linancial sl8tement5. 1.3 Charltable funds Unrestricted funds aro av811able for use al the disetion of th8 trustees in furthor8nce of their charitable objectives. Restricted funds are subject lo sp8cifi¢ conditions by donors or grantors as to how they may be used. Th8 purposes and uses of the restricted lurKls are Sel out in the notes to the financial statements.
THE WILLIAM SCOTT ABBOTh TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcles Icontlnuedl 1.4 Income All incoming iesouices are included in the Statement of Fin8nclal Activities ISOFAI when the ch8rlly Is legally enlilled lo th8 income after any performance conditions have been mel, the amount can be m88sur8d rdlably. and It is probable that the income will be rec8lv8d. No amount is included in the Iinanaal statements for volunteer lime in ling with th8 SORP IFRS 102). Further detail is given in the Truslees'AnnLJ81 Report. Donations and gifts ar8 retognised upon ceIpt. Gift aid is recognised in the perlod to which il r81ales to. Grants are recognis8d in the Slalemenl of Flnancial Activity in accordanc8 with the accruals model under FRS 102. The Trust receives incom8 from all Charitable activiDaS undertaken al the centr8. This includes visitor admisslons and extras which are paid for by visitors, such as Ir8clor rides and workshops. All sud) ineome is recognised al the point ol sale. Tradlng income is eamèd through the subsidiary company. Rpvpnue from thè salts of goods is r8cognEed when the significant risks and rewards of ownershlp ol the goods have p3S6ed lo the buyer lusually on dispatch of the grdS). Income from camping, partÈes and functions is recognised in the perlod to which il relates. Investment income is egined through holding assets for inveslmenl purpose5, such gs property. It includes interest and rent. Interest income is recognised using the effective interest m8thod. Rental income is recognised as the charity's right to iecèive payment is established. 1.5 Expendltyre All exp8nditure is accounted for on an accruals basis and has been classilied under headings that aggregate all costs related to the category. Expendllure is recognlsed where there is a legal or ¢onstrLtctiv8 obligation to make payments lo third parties, it is probable that the settlement will be required, and the 3mc)unl ol the obllgalion can be rneasured rellably. It is categorlsèd under Ihe following headSngs.' Costs of let estat8 ÉnrJud8 costs of materials and overhead running costs of the ch3r¢ly's investments propertles.. Expenditure on charitable aclivilie5 includes the ov8rhead running costs. including staff costs, of the charity's subsldiary Sacrewell Limited., and Other expenditure represents those i18ms not lalllng into Ihe categories above. Irrecov8rsble VAT is charged as an expense against the aclivlty for whSch expenditure aros8. Support costs allocation Support costs aro IhcTrse that assist the work ol the charity but do not direcily r8present charitable activities and Include opvrational costs, govemance costs. They are incurred diretrtly in support of expenditure on the objects c>f Ihe charily and include project managernenl. Where suprx)rt costs cannot b9 diieclly allrlbuled ILS particular headlngs, they have been allocated lo ¢osl of let estate and expenditure on charitable acllvitles on a ba515 consistent with use of the resources. Th8 analysis ol these costs is included in note 9. 1.6 Tangable fixed assets Tangible fixed assets are initially meastsred at cost and subs8qu8ntly measured al cost or valualign, nel ol depreclalion and any Impslrment losses.
THE WILLIAM scorr ABBOTT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Aeeounting pollclas Iconllnuedl Deprèciation is Tecognised so as lo write off thè cost or valuation of assets less their restdu81 values over their usslul lives on the following bases: Freehold land and buildings Plant and equipment Fixtures and fittings Valuation 25% per annum on cosl 4- 25% per annurn on cost The galn or loss arlslng on the dlsposal of an ass8t is deterrnlned as the difference between thé sale proceeds and Ih8 carrying value of th8 asset, at)d is r8cognisÉd in the slatern8nl cbf financial activities. 1.7 Investment property Investment property, whioh is property held lo aam rentsls andlor lor capital apprecialton, is inlllally recognised al cost, which includ8s the purchase cost and any directly atlribulable expenditure. Subsequently it is measured at fair value at the r8PCXting end dale. The movements in fair value are recognised in profil ar loss. 1.8 Fixed asset inve$tment5 Fixed asset investments are inilially measured at trallsaellon price excluding transaction costs, and are subsequently measured at lair valu8 at egch reporting d8le. Changes in fair valltè are recognised in nel incomellexpendilurel for IhE year. Transaction costs are expensed as incurred. 1.9 Impalrmant of flxed assets At each reporting end date, Ihe trust revlews the carrying amounts of its tangible a55els to detemine whether there is any iiidiLalion that those assets hav¢ surfered at) impairm8nt loss. If any such indication exists, the recoverable amount of the asset is eslimaled in order to determine the exlorEI of the impairmeni loss lif Any). 1.10 Stock5 stocks are stated al the lower of cost and estimated selling price less costs lo completè and sell. Cost cc>mprises direct materials ad, Whe applicable. direel labour costs 8nd those overheads that have been incurred IN bringSng the stocks to the¢r present loc81ion and condilton. Items held lor distribution at no or nominal consid8raliDn are measured thè lower ol replacement cost and cost. Net realisable value Is the eslimaled s8lllng pri less all estimated costs of compl81ion and costs lo b8 incurred in marketing, 5elllng and ijislribulion. 1.11 Cash and cash èqulvalents Cash and cash equivalents include Cash in hand, deposits held al call wllh banks. olher short-lerm liquld investments with origin31 malurilies of Ihree months or 56ss, and bank ov8rdrafts. Bank overdraft5 are shown within borrowings in CulnI liabilities. 1.12 Financlal Instruments The tiust has elpcted lo gpp the provisions of Seetion 11 'Baslc Fin8nclal Inslrurnents. and Section 12'0ther Fin8rkclal Instruments Issues. of FRS 102 to all of Its financial inslrumenls. Finanrial instrumènts are reoognlsed in the Irusl's balart sheet when the trust becom8s party lo Ihe contractual provisÉons ol Ihe inslrurn6nt. Fln8ncial assets and 118billtl6s are off5el, with the nel amounls presented in the financial 8tatements. when therg is a legally enforceable right lo sel off the recognlsed amounls and there Is an intention to settle a net basi8 QT lo rea1158 the assel and setlle the liabilÉty sitnullaneously. 10
THE WILLIAM SCOTT ABBOTT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEM8ER 2025 AccoLEnting pollcles IContlnuod} Baslc flnancial assets Basic financi81 8ssets. which includa debtOTS and cash and bank balances, ar6 initialty measured at trdnsaclion prico including transadion costs and are subsequently c8rried at arnort156d cost using the effective int8r8St method unless Ihe arrangement conslilules a financing transaction, where the transaction is measured at the present Value of the future receipts discounted at a market rate of inler8st, FirEancial assets classifiod as re1vable withln one year ar8 not amortlsed. Basic flnancial liabllltles Basic fin3ncial liabilities, including cr8ditors and bank108n5 are Inltsally recognisod at transacllon price unl8SS th8 arrangement constitutes a financing Iransaction, whore the dèbt instrument is measured al thè present valug of the future paym8nts discounted at a matkel rate of inter8St. Finanal liabililies ¢lassilied as payable Ihin one year are not amortlS8d. Debt instruments ar8 subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are oblig81ions to pay for goods or services that havo been acquired in Ihe ordinary course ol operalions from suppliers. Amounts payable are classified as currenl liabilitie5 If payment is du8 within one year or less. If not, they are PTesented as non-current li8bililses. Trade ¢redilors are recognised initially at transaction price alld subsequently m8asured at amortis$d cost using the effective inlarost melhcd. Dere¢ognltlon of flnanclal liabllltl•s Financlal liabililies are d8CogniSed when th8 trust's conlraclua5 obligations expi¥e or are discharged or canceld. 1.13 Taxatlon The tax exper18e represents the sum of the lax currently pay8ble and deferred tsx in relallon lo s¢Jbsidiary company only. The charilèble trust is exempl from cNporation t8X. Current tax The t8x currently payable is based on taxable proflt for the year. T8xab18 profit differs from nel profil &s reported in tho profit and loss account because il excludes items of inc0rn8 or 6xpense that are taxable or deductible in other years and it furth8r excludes items that are never taxable or deducllble. The subsidiary company's liability for Gurrent tax is cal¢LJlatgd using lax rates th8t have been enaclod or subslantiv61y ena¢tod by the reporting etsd date. Deferred tsx Delerred tax liablliliès are generally re¢c¥Jnised for all timing dlfferences and deferred lax assets are rgcognised lo the extènt that il is probable that they will be recovered agair¢st th8 revers81 of d6lerred tax liabilllies or other lulure taxable profits. Such assets and liabilities are not recognispd if the liming difference arises from goodwill or from the initial recognllioll of other assets and Ilabllilles in a transacti Ihal affects neither the 18x profil nor the accounting prollt. The carrying arnr)unl ol deferred lax assets is reviewed al gach reporting end dale and [edud lo the ex18nl Ihat il Is no longer probable that sufficient taxable profils will be available to allow all or part of the assel lo be recovered. Deferred tax is c81culaled at the lax rales that are expected lo apply In the period wh8n th6 liability is sellled, or the asset Is re8lised. Deferred tax is charued or credited in the profil and 1088 account, except when il Tela18s lo items charged c>r ciedited directly to eqkjily, in which case the def8rred lax is also dgalt with in equity, Deferred lax assets and liabilllles are offset when the subsidiary company ha5 8 legally enforceable right to offset current lax assets and liabiliteS and the deleried lax assets and liabilitie8 relate lo taxes 18Vl8d by the same tax authority.
THE WILLIAM SCOTT ABBOTT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Aceountlng poll¢l•s {Contlnuedl 1.14 Employea beneflts The Cost ol any unused hollday entillernenl is recogni5ed in the period In which the employee'8 seiCeS are received. Termination benefits are recognised immediately as an exp8nse when the trust is demonstiably Committed to lerminale the employment ol an employee or to provide lerminalion benefits. 1.15 Retirement bènefits Payments lo delin8d conttibullon retirernenl benefit schEmes are charged 8s an expense as they fall du8. 1.16 Léases Rèntals payabl6 under operating 18as8s, Including any leaso illCEntives received, are charged to income on a stralohl-line basis over the term of the relevant lease except where another more systematic basis & more r8presentalive ol the Ihme pattern in which economlc benefits Irom Ihe188s8 asset are Gonsumed, Rental incorne from operating188ses is recognised on a stialghl-line basis over tho term of the relevant lease. Initial dirocl costs incL5rred in negolialing and arranging an op8r8ting lease are added lo the carrying amount ol the leased asset and recognised on a straight-line basis over the lease tem. 1.17 Funds Unrestricted funds are available for use at Ihe discretioll of the Iruslees in furtherance of the general objectives ol the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set 8sid8 by th8 trustees for particular purposes. The aim and us8 of each designated fund is sgt out in the notes to the fin8ncial statements. Restricted fur)ds are funds which are lo be used in accordan with specific restrictions imwsed by donNs or whlch have been rais8d by the charity for partScular purposes. The cost ol raising and admlnistering such funds arB charged against the specific fund. The alm and use of each reslricted fund is set out In the not85 to the financial statements. 1.18 Basls of cons01idatlon The consolid8led financial ststemenls include the audited financial statements of the charity and its subsidiary made up lo 31 Dec8mb8r 2025. A separate Stst8ment of Financial Activity for Ihe parent trust has not been prep8red as permitted by paragraph 397 csf thg Statement of Recomtll8nded Pr3ctice - Accounting and Reporting by Charities ISORP IFRS 10211. Th8 nel decreas8 in fiJnd5 lor the year for Thè William ScoltAbboll Trust Is £100.537. Crltical accounllng estlmates and judgements Eslimates and judgments are conlinua11y ovaluated and are based on historio experienc8 and olher faclors. includlng expectations of future events that aro bBlieved to be reasongble und¢r the circumstances. The Trust mak85 estimates and assurnptions conceming the future. The resulting accounting estimates will seldom equal th8 related actual results. As of the balance sheet dale the Trust has no slgnificanl estimates and assumptions that have a significant risk ol causing a material adjusltnenl lo the carrying atnounl of assets and liabilities within the foSeeable future. 12
THE WILLIAM SCOTT ABBorr TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Income from donatlons and legacles Unrestrfcted funds 2D25 Unrestrlcted funds 2D24 Gifts Gift aid 12,289 33,627 10,220 33,061 45,916 43,281 Income from charltable 8Ctivities Unrestrlcted funds 2025 Unrestricted funds 2024 Unrestrlcted fund5 AdmissiDll and visitor activi18 EtIOn actlvi(ies 556,106 56,042 502,864 68,042 612,148 570,906 Income from other Iradlng actlvltles Unrestrlcled Unre8trict8d fund5 lund$ 2025 2024 Camping Retail sales Function sales Catering commission 52,210 82,OQ13 127,060 38,442 56,187 124,432 160,432 3S.744 Other tTadlng activities 299.715 376,795 13
THE WILLIAM SCOTT ABBOTT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Income from Invèstments Unrestrlcted Unrastrlctad funds funds 2025 2024 Rental income Interest receivable 115,302 4,983 140,623 9,594 120,285 150,217 Other Income Unrestrlcted Unrestrlcled funds funds 2025 2024 Nel gain on dlsposal of tangible fixed assets Other miscellaneous income 2Q,QOO 32.728 36,608 52,728 36,608 Expendlture on charltabla actlvltles Unrestrlcted Unrestrlcted fund5 funds 2025 2024 Dlrecl co8t8 Visitor attraction Support costs 930,606 349,669 854,134 335,004 1,280,275 1.189,138 Ahalysls by fund Unrestricted funds Restrioted funds- general 1,275.345 4.930 1.184.514 4,624 1,280.275 1,189.138 14
THE WILLIAM SCOTT ABBOTT TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Support costs allocated to actfvltles Charllablè A¢tlvltl&s Visltor Educatlon Let Estate Total Governance Operational costs Human resources D8prec4alion oih8r 3,249 57,561 201,185 370 66,885 23.668 0,810 2Q1,185 370 66,885 23,668 3.249 349,669 352,918 Analysed between.. Unrestricted funds Reslricled funds 3.249 344,739 4.g30 347,988 4,930 3,249 349,669 352,918 Unrostrlcted funds 2025 Restrlcted fund5 2025 Total fund5 2025 Total lunds 2024 GoVe1nan costs comprlsa: Wages and salaries Sncial security Pensions Audit fees Accountancy and payroll Other 36,448 5,897 1.457 13,130 3,878 36,448 5.897 1,457 13,130 3,878 33,242 4.367 1,297 10.338 3,979 1,239 60.810 60,810 54,462 Governance costs are apportioned to various aclivllies based upon the proportlon ol total eXper41Ure. Other support cosls are alk)caled specAfically to the activity which Ihey relate to. 10 Net movement in funds 2025 2024 The nel nvement in funds is staled after chargingllcr8dilingl.. Fees payable for the audit ol the charity's financial 51at@mgnts Depreciation of own8d tanglb18 flxed assets Profit on dlsposal of tangible fixed assets 6,800 66,885 120,0001 6,500 56.267 15
THE WILLIAM SCOTT ABBOTT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 11 Audltor's remuneratlon Fees payable lo the charfty's auditor and associates: 2025 2024 For audlt servlce5 Audlt ol the financial statements of tho charity Audll of the financial slalements of the ch8riVs subsidiaries 6,800 3,625 6,500 3,500 10.425 10,000 12 Trustees None of the Iruslees lor any persons connected with them) rec81v any remuneration or benefits from the trust during the year. 13 Employees The average monthly numb8r of 6mployees during the year was.. 2025 Number 2024 Number Charitable actiwlies Governance 17 17 Total 18 18 Employment costs 2025 2024 W8ges and salaries Soei81 security cosis Olher pension costs 548,366 40,959 14,503 532,639 21.831 9,095 603,828 563,565 There were no 8mploy888 whos8 annual remuneration was mor8 than £60,000. Remuneration of key management personnel Thè rémunèration ol key man&gem8nl personnpl was bs follows.. 2025 2024 Aggregate compensation 69,867 56.515 16
THE WILLIAM SCOTT ABBOTT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 14 Othèr •xpendlture Unr•$trlct•d Unrestricted funds fund 2025 2024 Let estate 72,255 57,564 15 Gains and losses on Investments Unrestrlcted Unrestrlcted funds funds 2025 2024 Gainslllosses) arising on.. Fair value movernents 5,331 16 Taxatlon The charsly is ex8mpt from taxation on its activltl8s because all its income is applled for charitable purposes. 17 Tanglble Fixed Assets- Group Fréehold land and bulldlngs Plant and Plxturè8 qulpment f6tt1ngs Tokl Cosl or valuatlon Al 1 JanJary 2025 Additions 3,582,Q48 109.314 25,438 1,030,811 4,722,173 60.767 86,205 Al 31 De¢8mber 2025 3,582,048 134,752 1.091.578 4,808.378 Depreciation and Impalmient At l January 2025 Depieciab'on chaiged In the year 106,066 4,754 677,126 62,131 783,192 66,e85 Al 31 December 2025 110,820 739,257 850.077 Carrylng amount At 31 December 2025 3,582,048 23,932 352,321 3.958.301 At 31 December 2024 3,582,048 3.248 353,685 3,938,981 17
THE WILLIAM SCOTT ABBOTT TRUST NOTES TO THE FINANCIAL STATEPJIENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 18 Tanglble FSxed Assets- Trust Fr8ehold land and bulldlng¥ Planl and Flxiurts and equ1pMent fllllngs Total Cost or valuatlon At 1 January 2025 Addilions 3,582,048 104,377 951,115 4.637.540 16,445 16,445 Al 31 Dember 2025 3,582,048 104.377 967,560 4,653,985 Dgpreclatlon and impalrmènt At 1 January 2026 Depreciation charged In Ihg y8ar 101.333 1.018 615,931 56,624 717.264 57,642 At 31 D8eember 2025 lo2,1 672.555 774,8 Carrylng amount At 31 Decernb8r 2025 3,582.048 2.026 295,5 3,879,079 At 31 D8C6mber 2024 3.582.048 3.044 335,184 3.920,276 19 Investment property 202$ Falr valu• At 1 January 2025 Disposals 7,277,220 150,0001 Al 31 December 2025 7,227,220 Thg fair value of the fr88hold property induding investment property has been 8rrlv8d at on the basis of a valuatlon carried out by the director's at the year end, th8y do not eonsider the values lo be materially differEllt frum the indep8ndent valuation carried out in 2022. 18
THE WILLIAM SCOTT ABBOTh TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2025 20 Flxed asset invesimÈnts- Group Listed Invèstments Cost or valuation Al 1 January 2025 Valuation Changes Disposals 191,657 16.1061 1120.0001 At 31 December 2025 5,551 Carrylng amount Al 31 Deeèmbèr 2025 65.551 Ai 31 December 2024 191,657 21 Flxed asset Inv&stments - Trust Llsted Subsidiarle8 Investments Total Cost or vAluatlon At 1 January 2025 Valuation changes DIS8818 191,657 {6,1061 1120,0001 50,002 241,659 16,1061 1120,0001 Al 31 December 2025 65,551 50,002 115,553 Carrylng amount At 31 December 2025 65,551 50,002 115,553 Al 31 D8eamb&r 2024 191,657 50,002 241,659 22 Stocks The Group 2025 The Group Thè Trust The Trust 2024 2025 2024 Goods for resale Consuambles Livestock 23,364 4,849 15,070 19,275 4,670 13,639 2,798 4,849 15.070 2,773 4,670 13,639 43,283 37,584 22.717 21,082 19-
THE WILLIAM SCOTT ABBOTT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 23 Debtors Tha Group 2025 The Group Tha Trust Th¢ Trust 2024 2025 2024 Amounts falllng due wlthSn one year.. Trade debtors AmoL¢nts oweil by fellow group undertaklngs Other debtors Prepayments and accrued income 32,331 24,105 30,687 260,628 300 11,305 12.972 92,804 3,OD3 14.122 14.926 12.258 17,629 29,771 59,515 71,505 302,920 122.901 24 Creditors.- amounts falling due wlthln one year The Group 2025 The Group The Trust The Trust 2024 2025 2024 Trade creditors Other laxation and social s8CUrity Other credStors Accruals and del8rreil incotT4e 60.139 14.700 2,278 75,815 29,033 15,020 2.451 30.484 53,819 5,367 1,777 64,592 23,743 8,816 1.997 19.340 152,932 76,988 125.555 53,896 25 Retiremènt benefil schemès 2025 2024 Deflned contrlbutSon schemes Charg8 to profit or knss in respect of defined contriblthon scheme8 14,503 9.095 The Group operates a defined contributlDn scheme, and 8 Stakeholder scheme is avallable to staff should they so wish. The pensions costs charge In the Stalement of Fillanclal Activities represents contributions payab18 by th6 Trust to Ihe fund and amounted to £12,31812024 £10.6971. 26 Restrlcted funds . Group At l January 2025 Resourcès expended Transfer$ At31 Dfjc8mber 2025 Education fund Revaluation fund 14,538 8,838,714 {4,9301 5,417 15.025 8,838,714 8,853,252 {4.9301 5,417 8,853.739 -20-
THE WILLIAM SCOTT ABBOTT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Restrlcted funds- Group Contlnu•dl Prevlous year: At 1 January 2024 Resources expendèd Tran¥fers At31 D8C8mber 2024 Education fund Revalualion fund 19,162 8,838,714 14.624) 14,538 8,838,714 8,857,876 14,624) 8,853.252 Educatlon fund The purpose of Ihls fund is lo ring-fence grants received specrfically for the acquisition ol assets in relalion lo Education projects. Revaluation lund Thè revalualioll lund relates lo the wmulalive, unr881ised gain5 on prorkerty held at valuation. 27 Reslrlcted funds - Trust At l January 2025 Re3ource5 expended Translers At31 December 2025 Education fund Revaluatlon fund 14,538 8,838,714 14,9301 5.417 15,025 8,838,714 8,853,252 14,9301 5,417 8,853,739 Prevlous year.. At 1 January 2024 Resources expènded Transfers At31 December 2024 Educallon fund R8v8lualson fund 19.162 8,838,714 {4,62dl 14.538 8,638,714 8,857,876 14,6241 8.853,252 Educallon fund The purpose of this fund is lo rin*fence grants received sprIcallY for the acquisition of assets in relation to Educalion proj8cIs. Revaluation fund The revaluation fund rel8les to the cumulative, unrealised galns on property held at valuats'i)n. 21
THE WILLIAM SCOTT ABBOTT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestrlcted funds- Group At 1 January 2025 Incomlng resources Resources exp8nd8d Transfers Galns and losses At31 Decembèr 2025 G8n&ral fund 2,724,355 1,130,792 11,347.6001 15,4171 16.106) 2,496,024 Previous year: At 1 January 2024 Incomlng resources Resourees 8xp&nd8d Transfors Galns and losses At31 December 2024 General fund 2.783,295 1,177,807 11,242,078) 5.331 2,724,355 29 Unrestrlcted funds- Trust At 1 January 2025 Incoming resources Resources 8xp8nd8d Transfers Gains and losses At31 Dec?mb8r 2025 General fund 2,756,764 831,C)77 1920,5781 15,4171 16.106) 2.655,740 Prevlous year: At l January 2024 Incoming resources Resourcas expendgd Transfers Galns and losses At31 Dacember 2024 General fund 2,846,996 801,Q112 1896.5751 5,331 2,756,764 30 Analysis of net assets between funds- Group Unrestrlcted funds 2025 Rostricted funds 2025 Total 2025 At 31 D¢eomber 2025.. Tangible assets Investment properties Inve%tments Current 8ssetsl{Ilabllitiesl 2,331,782 1.626.519 7,227.220 3,958,301 7,227,220 65,551 98.691 65,551 98,691 2,496,024 8,853.739 11,349,763 -22-
THE WILLIAM SCOTT ABBOTT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 30 AnaEysls of nel assets between thnd5 . Group IContlnuèd} Unrestricted funds 2024 Restricted fvnds 2024 Total 2024 At 31 December 2024: Tanglb18 assots Investment properties Investments Cu¥rent assglsllliabili118sI 2,362.949 1,576,032 7,277,220 3,938,981 7.277,220 191,657 169,749 191,657 169,749 2.724,355 8,853.252 f1,577,607 31 Analysis ol net assets betwèen fLEnds- Trust Unrestrlcted funds 2025 Restrlcted funds 2025 Total 2025 At 31 December 2025: Tangible assets Inv8Stm8nt prop6rtles Investmen15 Current assetsllliabilitiesl 2,257.977 1.626.519 7.227,22Q 3,884,496 7,227,220 115,553 287,627 115,553 287,627 2,661,157 8.853.739 11.514,896 Un¥estrlcted fund5 2024 Reslri¢ted funds 2024 Total 2024 At 31 D8cember 2024- Tat)gibb assets Inve51tTFent propertles Investrnenls Current asselsllliabililt8sl 2,344,244 1,576,032 7,2TI,220 3,920,276 7,277.220 241,659 170.861 241,659 17(1,861 2,756,764 8,853,252 11,610,016 -23-
THE WILLIAM SCOTT ABBOTT TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 32 Operatlng lèasa tommltments Lèsse8 Al the reporting end date the trust had outstanding commilments lor future mlnlmum lease pay)nents under non-cancellable operats'ng leases, whlch IBII d*Je as follows.. The Group 2025 2024 Within one year Between two 8nd fiv8 years In over five yEar5 14,658 21,033 12,013 25,824 1,050 35,691 38,887 The Trust 2025 2024 Wilhin one year Between two and five years In over five years 10,740 16,135 12,013 25.824 1,050 26,875 38,887 Lessor Al the reporting end dale, the trust had contracted with tenants for th8 following Minimum lease payments.. The Trust 202S 2024 Within one year BebNeen fvvo and fwe years In overfive years 99,759 71,760 856,380 123,034 141,060 874,320 1,027,899 1,138,414 33 Related party transaolionB There were no dlsclosable related party Irans8Gtions during the year12024 - none). -24-
THE WILLIAM SCOTT ABBOTT TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 34 Subsldlarles DelaiLs of the trust's subsidiaries at 31 December 2025 are as follows.. Name ol undertakSng Reglstered offlce N8tur8 of buslnass Class of shares h8ld % Held Dlrect Indlract Sacrewell Limilod England and Wales Country Centre Ordinary Shar88 100.00 35 Cash absorbed by opèratlons 2025 2024 Deficit for the year {227,8441 163.5641 Adluslmants fot.. Inveslmerit Income recogniged in slalem8nt of financial activities Galn on dispos31 of tangible fixed assets Fair value gains and losses on Investments Depreciation and Irllpairmenl ol tangible fixed ass818 {120.2851 120,OCIOI 6,106 66,885 1150,2171 {5,3311 56,267 Movements In working capltal: {Increa5el in stocks Decrease in debtors Increaselld8creas81 Én cr8dltors 15,6991 11,990 75,944 {5,8851 7,741 145,6411 Cash ab50rb•d by operatlons 1212,9031 1206,4301 36 Analys1$ of changes in net funds The group ar¢d trust had no material debt during the year. .25-