Company Number: 0837970
Registered Charity number: 241258
The Worcestershlre Bullding Preservatlon Trust
Report of the Trustees and
Unaudlted Flnancial Statements
Year ended 31 March 2024
Muras Baker Jones Limited
Chartered Accountants
Regent House
Bath Avenue
Wolverhampton
West Mldlands
WVI 4EG

The Worcestershire Building Preservation Trust
Contents of the financial ststements for the year ended 31 March 2024
Page
Officers, professional advisers and administrative infomiation
Report of the Trustees
Independent Examiners, Report
Statement of financial artivities
10
Statement of financial position
11
Notes to the financial statements
13

The Worcestershire Building Preservation Trust
Officersv professional advisers and administrative information
Charlty Registratlon number:
241258
Company Registratlon number:
0837970
Registered Office:
W8PT
8 Pendeford Place
Pendeford Business Park
Wolvertiampton
WV9 5HD
Trustees:
H Andrews
P Andrews
N Hogben
P Arnold
Ms J Pilkington
S Mason
R Greenhill
P Adams
Ms S Whitehouse
Ms K Andrew
A C Foster
E G Barron
N Cromble
I Wilson
R A Sellers
I D Tompkins
L T Hobbs
S E Reader
F Keith-Lucas
(appointed 24 May 2023)
(appointed 19 June 2023)
(appointed 30 October 2023)
Independent Examlner
Muras Baker Jones Limited
Regent House
Bath Avenue
Wolverhampton
WVI 4EG

The Worcestershire Building Preservation Trust
REPORT OF THE TRUSTEES
For the year ended 31st March 2024
STRucfuRE. GOVERNANCE AND MANAGEMENT
The organisation is a company limited by guarantee and a registered charity.
The company was established under a Memorandum of Association, which established the objects and
powers of the charitable company and is governed under its Articles of Association. The company was
incorporated on 17th February 1965 as The County of Hereford and Worcester Building Preservation
Trust and re-registered under the changed name The Worcestershire Buildtng Preservation Trust on
17th March 1998. In the event of the company being wound up, members are required to contribute an
amount not exceeding £1 (one pound).
The Trust was registered as a charlty on 25th March 1965.
Recruitment and appointment of the Board of Trustees and induction and training
The directors of the company are also charity trustees for the purposes of charity law. Under the
requirements of the Mernorandum and Articles of Association, directors are elected to serve for a
period of three years after which they may stand for re-election at the next Annual General Meeting.
In the past trustee recruitment depended upon people being recommended to the Board and invited to
join. Whilst this worked well in the past it has been challenging in more recent years to recruit new
trustees. The method of trustee recruitment was reviewed under the Resilience and Engagement
project (see below) which commenced in February 2022. This instigated new approaches to
advertising, recruitment and effective promotion of the Trust and successfvlly resulted in the
recruitment of three new trustees this year to enhance the skills composition of Board membership.
However, it is recognised that more work needs to be done on increasing the diversity of Board
membership.
Rlsk Management
The trustee Board has a duty to identify ar)d review the major risks to which the charity is exposed and
ensure systems are in place to mitigate these risks. Established risk assessment and monitoring
procedures are currently under review and progress continues to be made on development of the Risk
Register.
The trustees also oversee the consideration of business and operational risks on a projert-by-project
basis with regular ￿POrtS being produced to ensure that the necessary steps can to be taken to
mitigate and manage these risks.
Oryanisational Structure
The Worcestershire Building Preservation Trust is managed by an independent Board of trustee
directors, at present nineteen members, with a wide range of specialist and professional interests.
Trustees meet six times per year.
The Board establishes formal sub committees, task and finish groups and project specific steering
groups to oversee particular functions and plans including management of specific buildings projects.

The Worcestershire Building Preservation Trust
REPORT OF THE TRUSTEES
For the year ended 31st March 2024
DTS Solutions Ltd provide Project Director and advisory services to the Board of trustees. The Trust
has a pool of Project Organisers on whom it can call for consultancy services when potential projects
are identified. Frameworks for the services of Design Teams for projects are under development and a
Legal Services framework has concluded this year in respect to governance and projects work.
In collaboration with The City of Wolverhampton Regenerating Buildings Preservation Trust and the
West Midlands Historic Buildings Trust grant aid is in place to support joint posts to assist with the
identification and development of potential project buildings, to raise the profile of the organisation
including enhanced community engagement and the administrative support required to ensu
effettive day to day management of the organisation.
The Registered Office of the Trust is now located at the premises of TAG Accountants Group (formerly
Copia Wealth and Tax Ltd) Wolvertiampton, who also provide bookkeeping services to the Trust.
OBJEcfIvES AND AcrNmES
Objectives
The objects of the Trust are to preserve for the beneftt of the nation buildings of especial beauty or
especial historic or architectural interest.
The Trust is specifically interested in buildings located within the County of Worcestershire which are
neglected, decaying or at risk of demolition, especially where efforts to secure a commercial solution
have not been found. Whilst the emphasis is on statutorily listed buildings and heritage assets within
designated conservation areas consideration will be given to all buildings of architectural or historical
merit. The Trust also seeks to research and inform the community about the architectural heritage of
the County.
Public benefit
In setting the Trust's objectives, the Trustees have given careful consideration to the Charity
Commission general guidance on public benefit. All projects seek to engage with local communities and
seek solutions for reuse of buildings at risk that will be of public benefit.
Activlties
In accordance with the powers, we have, in promoting the objects:
Maintained contact with local authority conservation officers, Historic England and other
relevant organisations to promote our objects and seek data on heritage at risk across our
area of interest.
Responded to requests for asSiStsn￿ on buildings at risk and investigated the viability of
potential candidates for projects brought to our attention.
Sought to safeguard the long-temi viability of the organisation by working closely with other
building preservation trusts includlng West Midlands Historic Buildings Trust and The City of
Wolverhampton Regenerating Buildings Preservation Trust with whom work on a joint
Business Plan has made significant progress this year
Continued development of our website and social media profile to keep our communities
informed of Trust activities, projects and other subjects of interest

The Worcestershire Building Preservation Trust
REPORT OF THE TRUSTEES
For the year ended 315t March 2024
ACHIEVEMENTS AND PERFORMANCE
Willow Court (formerty Boycott) Farnihouse, Droitwich
This grade II listed building originated in the 16th century with a surviving timber framed element to
the rear subsequently extended with a larger brick structure in the 18th century. The bullding has been
vacant for 40 years resulting in it becoming at serious risk and is located in an area of significant local
deprivation. The project aims to provide a secure future for the bullding by converting it to 6
residential apartments, along with activities to involve a wide range of people in heritage with benefits
for the local community and local economy. Heads of Terms have been agreed wtth Platform Housing
Group to lease the apartments as affordable housing. The building ￿MaInS in the ownership of
Wychavon Distritt Council until all funding is secured for the delivery stage.
Three sources of partnership funding towards the project development phase were secured from
Architettural Heritage Fund, Wychavon Distrirt Council and the National Lottery Heritage Fund (NLHF),
the expiry date for the latter grant of £259,400 was revised to 3010912023 following some unforeseen
delays. The development phase including enabling works to allow access for the professional team to
fully assess the building and its structural integrity ended in Autumn 2023. Archaeological and
ecological survey work has been ongoing whilst enabling works have been taking place. Filming,
including drone surveys, have been used to progress interpretation of the historical development of the
site for presentation as 3D models as part of the next phase of projert promotion. Planning and Listed
Building Consent approvals were secured in October 2023 subject to some conditions.
The Delivery Stsge of the project effectively commenced in February 2024 with the resumption of
Project Steering Group meetings to discuss matters required to achieve 'Permission to Start, from the
NLHF, fine tuning of design details, increased social media communications and some preliminary
works on site including replacement of protective sheeting to the scaffold. A Heritage Engagement Co-
ordinator has been engaged to provide services for Willow Court Farmhouse and the St Michael's Place
projert being developed by the West Midlands Historic Buildings Trust. This post will significantly
enhance the Trusts, capacity for community outreach work. The total budget for delivery has been
recalculated at £4,225,421 with funding secured from the National Lottery Heritage Fund, Wychavon
Distrirt Council, Platform Housing Group lease purchase, various smaller grants and non-cash
contributions including volunteer time. Construction works on site will commence during summer 2024.
Buildings at Risk
The Trust has continued in its efforts to identify a conservation / regeneration project within
Worcestershire. Discussions with property owners, council officers and other partner organisations
have taken place and the Trust continues to maintain a watching brief on opportunities for Trust
involvement in buildings at risk in Worcester city and beyond. Via the jointly produced Buildings at Risk
App (see below) the Trust is continuing to recruit volunteers to asslst with the identification of
buildings at rlsk within the County.
Asset Reglster
The Trust had a legacy of conservation projects in which it retained a legal interest. Work has now
concluded on negotiating the termination of WBPT leasehold interest in Church House, Areley Kings,
and Belle House, Pershore in previous years. Outstanding issues relating to other past projects have
been considered and deemed negligible.

The Worcestershire Building Preservation Trust
REPORT OF THE TRUSTEES
For the year ended 31st March 2024
Working wlth Partner Trusts
The collaboration with The City of Wolvertiampton Regenerating Buildings p￿serVation Trust and the
West Midlands Historic Buildings Trust (together the Three Trusts) to mutually support common
artivities has continued to work well during the past year. Sharing staff and other resources with
neighbouring Trusts will provide a transformative change in coming years supported by the adoption of
the joint Business Plan nearing completion. In the 2023124 flnancial year the collaboration mentioned
above has continued and whilst various initiatives are currently of necessity operated vla the West
Midlands Historic Buildings Trust, they are contributed to finanaally and provide benefits to all three
Trusts.
'Idin
ff Rec
men
intP
ect
In late 2020 a grant was awarded by Historic England enabling the 3 trusts to move towards employing
two members of staff: a Heritage Development Officer (HDO) and a part time Heritage Development
Support Officer (HDSO), and to establish a shared office (currently based in Worcester one day per
week) with employees also working from home until a pennanent office can be established. Following a
competitive recruitment process two staff started in post on 1st May 2021 with contracts ending mid-
2024. Staff changes have occurred this year necessitating the recruitment of a replacement HDO on a
short-term contract. Recruitment for a replacement for the HDSO vacancy failed to identify a suitable
applicant and it was resolved to amend this role to a more general Administrative Manager position
and, if necessary, to use 3 Trusts own funds when the Historic England grant expires in 2024 to enable
this to be advertised as a permanent post. This proved to be successful, and the new post is now
established and providing stability for the evolving administrative demands of the 3 Trusts. Further
funding is being sought from Historic England and the National Lottery Heritage Fund to support
extending these posts in accordance with the aspirations of the emerging Business Plan. Match-funding
from the 3 Trusts may be required, continuing the arrangement with the current Historic England
capacity-building grant.
A Project Steering Group meets regularly to oversee delivery of the Historic England funded project
with delegated authority to make decisions related to the project on behalf of the Three Trusts
provided they are within the project scope and budget. A Human Resources sub-committee of trustees
has also been established to oversee matters relating to staff employment with the support of a human
resources consultant.
A key outcome for the Capacity Building Projett is the establishment of a Buildings at Risk register for
the area covered by the three trusts and that this should allow for publlc engagement with the process.
Progress on the 'Buildings at Risk. App (launched in 2022) has been consolidated during the year
includlng securing addttional funding towards the costs of developing a business plan for the BaR App
to enable sharing of the platfomi with other Building Preservation Trusts. A portion of this grant has
been used to provide a short-term student placement to cover enhancement of specific aspects of the
projert to further efforts to engage wider communities in the identification of heritage at risk across
the region.

The Worcestershire Building Preserdation Trust
REPORT OF THE TRUSTEES
For the year ended 315t March 2024
ilien
En
in
Pr
The Strategic Plan 2021-2025, adopted by Trustees included a resolution to pursue further funding
applications to progress work on business planning and audience development. A successful application
to the National Lottery Heritage Fund awarded grant aid up to £82,542 with approval to start in late
January 2022. The Project Steering Group meeting on a monthly basis appointed Bearwood Associates
Ltd, following a competitive tendering process, to manage the Resilience & Engagement Projett.
Further consultancy positions of business planner and evaluation consultants were procured. The
project aims a￿ to produce an Audience Development Plan; develop a Business Plan to identify new
income streams and business models; strengthen Organisational Resilience by recruiting new trustees
and volunteers and to understand the environmental impart of projects and activities including how to
achieve carbon net zero in the future. Significant progress has been achieved this year although there
have also been setbacks.
The Business Planning process commenced in summer 2022 has been an incremental process over the
past two years as circumstances have been changing and access to grant aid to deliver aspirations has
been uncertain. The proposed changes in the business plan will be delivered through a long-term
transition whereby it is proposed to establish a new Charitable Incorporated Organisation (CIO) which
will effectively take on the role currently supported by the West Midlands Historic Buildings Trust, as
lead Trust of the three partners, in terms of administrative support, employment of staff, general fund
raising, publicity, marketing and branding including member supporter services. Legal advice on this
way forward has progressed this year with a view to adopting the new 'umbrella' CIO during 2024-25.
The role of trustees is unlikely to change greatly until a more established senior staff team is in place
and able to take the organisation forward with strategic backing from the Councils of Managernent of
the 3 partner Trusts. It is intended that all trustees will be invited initially to sit on the board of the
delivery organisation / CIO 'West Midlands Heritage,
This way forward will release West Midlands Historic Buildings Trust from its current responsibilities for
staff employment and other functions on behalf of the other partner Trusts. It will also place the three
trusts on an equal footing with the ability to concentrate on projects delivery in future years. The
Business Plan is recognised to be aspirational, but this level of ambition is warranted and should also
hopefully appeal to funders. Funding applications will be made to support the cost of transition as
opportunities arise.
FINANCIAL REVIEW AND PLANS FOR FirfuRE PERIODS
The focus for the coming 12 months is to:
Continue to develop a Buildings at Risk register for the County of Worcestershire working with
partners in local authorities, Historic England, local communities and other relevant
stakeholders.
Complete the joint Business Plan, including Fund Raising Strategy, develop a Marketing
Strategy and complete an Audience Development Plan.
Follow up research with a view to identifying potential future projects, make funding
applications and securing working partnerships to seek solutions for historic buildings at risk.
Build capacity to offer consultancy services to assist others struggling to save and conserve
buildings at risk Whe￿ direct trust intervention is not necessary.

The Worcestershire Building Preser4ation Trust
REPORT OF THE TRUSTEES
For the year ended 31st March 2024
Continue to deliver the Willow Court Farmhouse projert in accordance with the requirements
of the National Lottery Heritage Fund grant award including the delivery of community
engagement opportunities.
Continue working towards adoption of the Charity Governance Code.
The financial position of the Trust is set out in detail in this Financial Ststement.
Reserves Policy
It Is the policy of the Board to maintain a level of reserves sufficient to ensure the continued operation
of Trust activities.
Responsibilities of the Management Committee
Company law requires the trustees to prepare Financial Statements for each financial year which give a
true and fair view of the charitable company as at the Balance Sheet date and of its income resources
and application of resources, including income and expenditure for the financial year. In preparing
those Financial Ststements, the trustees should follow best practice and:
select suitable Account policies and apply them consistently.
make judgements and estimates that are reasonable and prudent. and
prepare Financial Statements on the going concern basis unless it is inappropriate to assume that
the company will continue on that basis.
The trustees (who are also directors of the charity for the purposes of company law) are responsible
for preparing the Trustees Report and the Financial Statements in accordance with applicable law and
UK Accounting Standards.
The trustees are responsible for maintaining proper Accounting records which disclose with reasonable
accuracy at any time the financial position of the charitable company and to ensure that the Financial
Statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding
the assets of the charltable company and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
Members of the Management Committee
The members and directors who are also trustees for the purpose of charity law, and served during the
year, and up to the date of this report, are set out on page l.

The Worcestershire Buildin9 Preservation Trust
REPORT OF THE TRUSTEES
For the year ended 31st March 2024
This report has been prepared in accordance with the Staternent of Recommended Prartice -
Accounting Reporting by Charities (issued in 2015) and in accordance with the provisions applicable to
companies subject to the small companies, regime.
SIGNED ON BEHALF OF THE BOARD BY:
Trustee

Independent Examinerfs Report to the Trustees of
The Worcestershlre Building Preservation Trust
I report to the charity trustees on my examination of the accounts of the company for the year ended
31 March 2024 which are set out on pages 10 to 19.
Responsibllltles and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you
are responsible for the preparation of the accounts in accordance with the requirements of the
Companies Art 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respett of my examination of
your company's accounts as carried out under settion 145 of the Charities Act 2011 ('the 2011 Act,).
In carrying out my examination I have followed the Directions given by the Charity Commission under
section 145(5)(b) of the 2011 Art.
Independent examlner's ststement
I have completed my examination. I confirm that no matters have come to my attention in connection
with the examination giving me cause to believe that in any material respert:
accounting records were not kept in respect of the company as required by section 386 of the
2006 Att; or
the accounts do not accord with those records. or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirement that the accounts give a 'true and fair view, which is not a matter considered
as part of an independent examination. or
the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connertion with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Oliver Ross Bsc (Hons) FCA
Independent Examiner
Regent House
Bath Avenue
Wolverhampton
WVI 4EG
Date:

The Worcestershire Building Preservation Trust
ststement of financial activities
For the year ended 31 March 2024
2024
Unrestricted
funds
2024
Restrlrted
Funds
2024
Total
Funds
2023
Total
funds
Notes
INCOME AND ENDOWMENTS
FROM
Donations and legacies
Other trading activities
Investment income
185,165
185,165
286,347
3,000
450
686
686
686
185,165
185,851
289,797
EXPENDITURE ON
Charitable activities
16,281
185,457
201,738
271,422
16,281
185,457
201,738
271,422
NEf INCOME/EXPENDrruRE
(15,595)
(292)
(15,887)
18,375
RECONCILIATION OF FUNDS
Total funds brought forward
12,640
26,923
39,563
21,188
Transfers between funds
23,912
(23,912)
TOTAL FUNDS CARRIED
FORWARD
13
20,957
2,719
23,676
39,563
The Statement of Financial Activities includes all gains and losses in the year.
All income and expenditure has arisen from continuing activities.
10

The Worcestershire Building Preserdation Trust
Statement of financial position
As at 31 March 2024
2024
Total
Funds
2023
Total
Funds
Notes
CURRENT ASSETS
Debtors
Cash at bank
11
8,182
23,690
191,911
37,147
31,872
CREDITORS
Amounts falling due within one
year
229,058
12
(8, 196)
(189,495)
NET CURRENT ASSETS
23,676
39,563
TOTAL ASSEfs LESS
CURRENT LL4BILrrIES
23,676
39,563
NET ASSETS
23,676
39,563
FUNDS
Unrestricted funds
Restricted
13
13
20,957
2,719
12,640
26,923
TOTAL FUNDS
23,676
39,563
11

The Worcestershire Building Preservation Trust
Balance sheet
As at 31 March 2024
The charitsble company is entitled to exemption from audit under Sertion 477 of the Companies Act
2006 for the year ended 31 March 2024.
The members have not required the charitable company to obtain an audit of its financial statements
for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for:
Ensuring that the charitable company keeps accounting records that comply with Sections 386
and 387 of the Companies Act 2006 and
Preparing financial statements which give a true and fair view of the state of affairs of the
charitable company as at the end of each financial year and of its surplus or deficit for each
financial year in accordance with the requirements of Sertions 394 and 395 and which otherwise
comply wlth the requirements of the Companies Act 2006 relating to financial statements, so far
as applicable to the charitable company.
b)
These Financial Statements have been prepared in accordance with the provisions applicable to
compantes subject to the small companies, regime and in accordance with FRS 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland,.
These financial statements were approved by the Board of Trustees on
signed on its behalf by:
li
and were
Trustee
ta( ({
Company number: 0837970
12

The Worcestershire Building Preservation Trust
Notes to the financlal statements
For the year ended 31 March 2024
GENERAL INFORMATION
The charity is a public benefit entity and a private company limited by guarantee, registered in
England and Wales and a registered charity in England and Wales. The address of the registered
office is WBPT, 8 Pendeford Place, Pendeford Business Park, Wolverhampton, WV9 5HD.
STATEMENT OF COMPUANCE
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard appllcable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)) and the Companies Act 2006.
ACCOUNTING POLICIES
Basls of preparatlon
The financial ststements have been prepa￿d on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities rneasu￿d at fair value through income or
expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concem basis as there are no material
uncertainties about the charity's ability to continue in operation existence for the foreseeable
future.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors, including expectations
of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project
or commitment.
Restricted funds are subjerted to restrictions on their expenditu￿ declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or
endowment funds.
Further explanation of the nature and purpose of each fund is included in the notes to the
financial statements.
13

The Worcestershire Building Preservation Trust
Notes to the financial statements
For the year ended 31 March 2024
Incorne
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity. it is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement to
the gift, receipt is probable and its amount can be measured reliably.
Investment income is incl uded when receivable.
Expenditure
Expenditure is recognised on an accruals basis as a liability is tncurred. Expenditure includes
any VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to whlch it relates:
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including
those support costs and costs relating to the governance of the charity apportioned to
charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable artivities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single artivity are allocated dirertly to that activity. Shared costs are
apportioned between the activities they contribute to on a reasonable, justifiable and consistent
basis.
Taxation
The charity being a registered charity is exempt from taxation in accordance wtth the provisions
of Income and Corporation Taxes Act 1988.
14

The Worcestershire Building Preservation Trust
Notes to the financial statements (Continued)
For the year ended 31 March 2024
DONATIONS AND LEGACIES
Unrestrirted Restrirted
Funds
Funds
Total
2024
Total
2023
Grants received from:
National Lottery Heritage Fund
Wychavon District Council
Arts Council
115,165
70,000
115,165
70,000
89,926
192,698
3,723
185,165
185,165
286,347
OTHER TRADING AcfIvmES Unrestricted Restricted
Funds
Funds
Total
2024
Total
2023
Sale of property
3,000
INVESTMENT INCOME
Unrestrirted Restricted
Funds
Funds
Total
2024
Total
2023
Interest Received
686
686
450
15

The Worcestershire Building Preservation Trust
Notes to the financial statements (Continued)
For the year ended 31 March 2024
CHARrrABLE Acri•￿iEs
Unrestrlrted Restrlcted
Funds
Funds
2024
2023
Building works
Professional fees
Staff costs
Accountancy fees
Independent examiners fees
Bank charges
Office costs
Printing and advertising
Insurance
Sundry expenses
135,921
44,500
4,085
310
135,921
54,865
6,118
2,071
1,000
60
330
56
260
1,057
108,173
146,975
9,937
841
900
10,365
2,033
1,761
1,000
60
197
56
260
549
133
872
100
381
3,243
508
16,281
185,457
201,738
271,422
NET INCOME/(EXPENDrruRE)
2024
2023
Net income/(expenditure) is ststed after charging:
Accountants fees for independent examination of the
accounts
1,000
900
9. STAFF COSTS
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
Wages and salaries
Employer contributions to pension plans
5,940
178
9,947
290
6,118
9,937
The above staff costs include..
a) Restrirted costs which relate to one staff member who is dedicated to the Willow Court Projert,
and
b) un￿strICted costs which relate to 6.67 % of the costs of three staff members who work on the
Capacity Building Project, which is a joint project with West Midlands Historic Buildings Trust
and The City of Wolverhampton Regenerating Buildings Preservation Trust.
The payroll is managed by West Midlands Historic Buildings Trust and invoiced as appropriate.
16

The Worcestershire Building Preservation Trust
Notes to the financial statements (Continued)
For the year ended 31 March 2024
10. TRUSTEES, REMUNERATION AND EXPENSES
There were no trustees, remuneration or other benefits for the year ended 31 March 2024.
Trustses. expenses
No trustees, expenses were paid during the year ending 31 March 2024 (2023 - £nil),
11. DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
2024
2023
Trade debtors
Prepayments
Other debtors
146,176
95
45,640
55
8,127
8,182
191,911
12. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE
YEAR
2024
2023
Trade creditors
Accrued expenses
Deferred income
7,196
1,000
73,430
900
115,165
8,196
189,495
Since April 2021, a total of £589, 104 of funding has been received towards the development phase
of the Willow Court projett in Droitwich. By the end of this financial year expenditure of £613,112
(including £23,715 developers return to WBPT) had been incurred on development activities.
Therefore there is no deferred income reserved for future development activities at 31 March
2024.
13. MOVEMENT IN FUNDS
At
31.03.23 Transfers
Incomlng
Outgolng
Resources Resources
At
31.03.24
Unrestrlrted funds
General fund
12,640
23,912
686
(16,281)
20,957
Restricted funds
Willow Court
Farmhouse project
26,923
(23,912)
185,165
(185,457)
2,719
TOTAL FUNDS
39,563
185,851
(201,738)
23,676
17

The Worcestsrshire Building Preservation Trust
Notes to the flnancial statements (Continued)
For the year ended 31 March 2024
Willow Court Farmhouse Project
Funding was obtained to progress the Willow Court projett to the completion of a development plan
14. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tanglble
Fixed
Assets
Net current
Assets/
(Liabilities)
Total
2023
Total
2022
Unrestricted funds
Restricted funds
20,957
2,719
29,957
2,719
12,640
26,923
TOTAL FUNDS
23,676
23,676
39,563
15. RELATED PARTY DISCLOSURES
Professional fees include £3,827 (2023 - £11,480) paid to IWSA Limited, a company in which a
trustee, I Wilson, is a dirertor. All transactions with that company have been on an arms length
basis.
16.
LEGAL sfATUS OF TRusr
The Worcestershire Building Preservation Trust is a company limited by guarantee. In the event
of winding up or dissolution of the company, members, liability under the Memorandum of
Association is limited to £1 each. At 31 March 2024 there were 19 Members.
18