**Charity registration number 00248898**
## **LADY WATERFORD HALL TRUST**
# **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025**
## **LADY WATERFORD HALL TRUST**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
Lady Joicey C Carr-Ellison J Andrews C J Patterson-Ryan
**Charity number** 00248898 **Principal address** Ford & Etal Estate Office Ford Berwick-upon-Tweed TD15 2QA **Independent examiner** Roseanne Bennett FCA 17 Walkergate Berwick-upon-Tweed Northumberland TD15 1DJ
## **LADY WATERFORD HALL TRUST**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 14|
## **LADY WATERFORD HALL TRUST**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
The trustees present their annual report and financial statements for the year ended 31 December 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Trust Deed, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
## **Objectives and activities**
The Lady Waterford Hall Trust (the charity) was established to maintain and upkeep Ford Village Parish Hall for the benefit of the residents of Ford Parish. The management and running of the property is overseen by a committee appointed by the trustees.
## **Public benefit**
In considering the operation, achievement and performance and finances of the charity, the trustees are satisfied that public benefit has been provided in accordance with the Charities Act 2011 and guidance provided by the Charity Commission.
## **Achievements and performance**
The Hall has been free to enter, with donations requested, since the 2023 season. This decision has continuing to entice more people to come into the Hall and to give voluntarily rather than having a fixed price list.
Fiona Willoughby has been the Hall Manager for three years. Fewer donations were received in 2025, following a region wide trend of fewer people visiting tourist sites. However, the sales from retail area continue to support the income to the Hall and the initiative of doing Thursday teas, started in 2024, encourages locals to come in more regularly. Fewer events were run in 2025 but of note were the comedy play of Crumbs and Jane Eastoe’s talk about her book ‘Queen Elizabeth II: A Lifetime Dressing for the World Stage’.
## **Financial review**
The charity holds sufficient reserves in the unrestricted general funds to cover the current levels of operation for several years.
The trustees have reviewed the reserves, in relation to the expected future income and expenditure streams and consider them to be in a strong position, which will allow them to continue to pursue its aim and objectives for the foreseeable future. These aims are to maintain and upkeep Ford Village Parish Hall for the benefit of the residents of Ford Parish.
Income is applied mainly for direct charitable expenditure. Expenditure can vary from year on year depending on the needs of the Hall. Reserves are held in order to cover any possible repairs or refurbishments which are likely to be unpredictable and costly.
The bank deposits are held to generate income, but are expendable at the trustees' discretion.
## **Reserves policy**
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
## **Risk review**
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
- 1 -
## **LADY WATERFORD HALL TRUST**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **Structure, governance and management**
## **Constitution**
The charity was established by a charitable Trust Deed on 3 September 1957 to maintain and upkeep Ford Village Parish Hall for the benefit of the residents of Ford Parish.
The trustees who served during the year and up to the date of signature of the financial statements were: Lady Joicey C Carr-Ellison J Andrews C J Patterson-Ryan
## **Legal and administrative details**
Details of the legal and administrative information including the details of trustees and the charity's main agents and advisers are given under Trust Information. Trustees are appointed by deed of appointment. Any decisions made within the charity are made by the trustees. Trustees are required to declare their eligibility to fulfil the legal responsibilities of the role, with induction training and appropriate documentation offered to new trustees.
## **Statement of trustees' responsibilities**
The trustees are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these accounts, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will
continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees' report was approved by the Board of Trustees.
..............................
## **Lady Joicey**
Trustee Dated: .........................
- 2 -
## **LADY WATERFORD HALL TRUST**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LADY WATERFORD HALL TRUST**
I report to the trustees on my examination of the financial statements of Lady Waterford Hall Trust (the charity) for the year ended 31 December 2025.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
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 respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination.
I have no other concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
## **Roseanne Bennett FCA**
17 Walkergate Berwick-upon-Tweed Northumberland TD15 1DJ Date: ............................
- 3 -
## **LADY WATERFORD HALL TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2025**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
43,617
500
Charitable activities
**4**
2,662
-
Other trading activities
**5**
31,304
-
**Total income**
77,583
500
**Expenditure on:**
Raising funds
**6**
16,501
-
Charitable activities
**7**
44,736
1,542
**Total expenditure**
61,237
1,542
**Net income/(expenditure) and**
**movement in funds**
16,346
(1,042)
**Reconciliation of funds:**
Fund balances at 1 January
2025
63,787
16,910
**Fund balances at 31**
**December 2025**
80,133
15,868|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2025**
**2024**
**2024**
**£**
**£**
**£**
44,117
19,547
4,500
2,662
5,142
-
31,304
35,996
-
78,083
60,685
4,500
16,501
20,130
-
46,278
52,518
1,138
62,779
72,648
1,138
15,304
(11,963)
3,362
80,697
75,750
13,548
96,001
63,787
16,910|**Total**
**2024**
**£**
24,047
5,142
35,996
65,185
20,130
53,656
73,786
(8,601)
89,298
80,697|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 4 -
## **LADY WATERFORD HALL TRUST**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2025**_
|**Notes**
**Fixed assets**
Tangible assets
**11**
**Current assets**
Stocks
**12**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
**Net current assets/(liabilities)**
**Total assets less current liabilities**
**The funds of the charity**
Restricted income funds
**17**
Unrestricted funds
**18**|**2025**
**£**
7,365
971
4,547
12,883
(4,965)|**2024**
**£**
**£**
88,083
7,615
1,281
8,685
17,581
(23,586)
7,918
96,001
15,868
80,133
96,001|**£**
86,702
(6,005)
80,697
16,910
63,787
80,697|
|---|---|---|---|
The financial statements were approved by the trustees on .........................
.............................. Lady Joicey **Trustee**
- 5 -
**LADY WATERFORD HALL TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **1 Accounting policies**
## **Charity information**
Lady Waterford Hall Trust is a Charitable Trust registered with the Charity Commission (Registered Charity Number 00248898) and governed by its Trust Deed, dated 3 September 1957. The registered office is Ford and Etal Estate Office, Ford, Berwick Upon-Tweed, TD15 2QA
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's Trust Deed, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
The restoration funds are restricted funds which were raised by an appeal. They can only be applied for the purposes of restoration, as set out in the terms of the appeal.
## **1.4 Incoming resources**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Donations and legacies are recognised when they are received.
Grants receivable are recognised in the Statement of Financial Activities in full in the year which they become receivable, that is when the conditions for receipt have been met.
## **1.5 Resources expended**
All expenditure is accounted for on an accrual basis. Resources expended are allocated to the activity to which they relate.
- 6 -
## **LADY WATERFORD HALL TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **1 Accounting policies**
**(Continued)**
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Tangible fixed assets are stated at cost less depreciation. It is the charity's policy to capitalise items costing more than £200. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Property improvements 4% Straight Line Photographic copyright 10% Straight Line Fixtures & fittings 10% and 20% Straight Line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
- **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Stocks**
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
## **1.9 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.10 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 7 -
**LADY WATERFORD HALL TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **1 Accounting policies**
**(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**general**
**£**
**£**
Donations and gifts
38,617
-
Grant income
5,000
500
43,617
500
**For the year ended 31 December 2024**
19,547
4,500|**Total**
**2025**
**£**
38,617
5,500
44,117|**Total**
**2024**
**£**
19,547
4,500|
|---|---|---|
|||24,047|
|||24,047|
- 8 -
## **LADY WATERFORD HALL TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **4 Chartitable Activities**
|**Admissions**
**Charitable**
**Income**
**2025**
**2025**
**£**
**£**
Admissions
1,044
-
Events income
-
1,618
1,044
1,618|**Total**
**2025**
**£**
1,044
1,618
2,662|**Total**
**2024**
£
1,104
4,038|
|---|---|---|
|||5,142|
## **5 Other trading activities**
||**Unrestricted **|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**general**|**general**|
||**2025**|**2024**|
||**£**|**£**|
|Raffle|5,914|5,952|
|Shop income|23,858|28,213|
|Letting and licensing arrangements|1,532|1,831|
|Other trading activities|31,304|35,996|
## **6 Raising funds**
|**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2025**
**2024**
**£**
**£**
**Raising funds**
Shop and Stock Purchases
14,979
16,693
Exhibition Costs
-
11
Advertising
1,522
3,426
16,501
20,130
Raising Funds
16,501
20,130|**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2025**
**2024**
**£**
**£**
**Raising funds**
Shop and Stock Purchases
14,979
16,693
Exhibition Costs
-
11
Advertising
1,522
3,426
16,501
20,130
Raising Funds
16,501
20,130|
|---|---|
|**Raising funds**||
|Shop and Stock Purchases
Exhibition Costs
Advertising
Raising Funds||
||20,130|
||20,130|
- 9 -
## **LADY WATERFORD HALL TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **7 Charitable activities**
||**Charitable**|**Charitable**|
|---|---|---|
||**activities**|**activities**|
||**2025**|**2024**|
||**£**|**£**|
|Staff costs|29,945|29,009|
|Depreciation and impairment|6,184|5,573|
|Heating oil|1,992|3,924|
|Electricity|880|1,328|
|Rent, rates and insurance|2,822|3,202|
|Repairs and cleaning|1,907|6,788|
|Postage, stationery, advertising and telephone|1,181|1,539|
|General administration expenses|754|1,021|
|Bank charges|613|612|
|Professional fees|-|660|
||46,278|53,656|
||46,278|53,656|
|**Analysis by fund**|||
|Unrestricted funds - general|44,736|52,518|
|Restricted funds|1,542|1,138|
||46,278|53,656|
|**For the year ended 31 December 2024**|||
|Unrestricted funds - general|52,518||
|Restricted funds|1,138||
||53,656||
## **8 Trustees**
No remuneration was paid to any trustee or to any other person connected with them, and no expenses were reimbursed to them (2024: None).
## **9 Employees**
The average monthly number of employees during the year was:
|**2025**|**2024**|
|---|---|
|**Number**|**Number**|
|3|3|
- 10 -
## **LADY WATERFORD HALL TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
|**9**
**Employees**
**Employment costs**
Wages and salaries
No employees were paid over £60,000 (2024: None).|**(Continued)**
**2025**
**2024**
**£**
**£**
29,945
29,009|**(Continued)**
**2025**
**2024**
**£**
**£**
29,945
29,009|
|---|---|---|
||||
||||
## **10 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **11 Tangible fixed assets**
|**Property**
**improvements**
**Photographic**
**copyright**
**£**
**£**
**Cost**
At 1 January 2025
100,329
750
Additions
-
-
Disposals
-
-
At 31 December 2025
100,329
750
**Depreciation and impairment**
At 1 January 2025
25,563
750
Depreciation charged in the year
4,013
-
Eliminated in respect of disposals
-
-
At 31 December 2025
29,576
750
**Carrying amount**
At 31 December 2025
70,753
-
At 31 December 2024
74,766
-
**12**
**Stocks**
Raw materials and consumables
Finished goods and goods for resale|**Fixtures &**
**fittings**
**£**
26,535
7,566
(9,451)
24,650
14,599
2,172
(9,451)
7,320
17,330
11,936
**2025**
**£**
840
6,525
7,365|**Total**
**£**
127,614
7,566
(9,451)|
|---|---|---|
|||125,729|
|||40,912
6,185
(9,451)|
|||37,646|
|||88,083|
|||86,702|
|||**2024**
**£**
1,408
6,207|
|||7,615|
- 11 -
## **LADY WATERFORD HALL TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
|**13**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income
**14**
**Creditors: amounts falling due within one year**
**Notes**
Other loans
**15**
Deferred income
**16**
Other creditors
**15**
**Loans and overdrafts**
Other loans
Payable within one year|**2025**
**£**
-
971
971
**2025**
**£**
-
150
4,815
4,965
**2025**
**£**
-
-|**2024**
**£**
348
933|
|---|---|---|
|||1,281|
|||**2024**
**£**
20,000
-
3,586|
|||23,586|
|||**2024**
**£**
20,000|
|||20,000|
During 2018, a loan of £20,000 was received from the Lord Joicey Estate. The loan is interest free and repayable on demand when funds allow. **16 Deferred income**
|**Deferred income**|||
|---|---|---|
|Other deferred income|**2025**
**£**
150|**2024**
**£**
-|
||||
|Deferred income is included in the financial statements as follows:|||
|Deferred income is included within:
Current liabilities
Movements in the year:|**2025**
**£**
150|**2024**
**£**
-|
||||
- 12 -
## **LADY WATERFORD HALL TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
|**16**
**Deferred income**
Deferred income at 1 January 2025
Resources deferred in the year
Deferred income at 31 December 2025|**(Continued)**
-
-
150
-
150
-|**(Continued)**
-
-
150
-
150
-|
|---|---|---|
|||-|
## **17 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||**At 1 January**|**Incoming**|**Resources**|**At 31**|
|---|---|---|---|---|
||**2025**|**resources**|**expended**|**December**|
|||||**2025**|
||**£**|**£**|**£**|**£**|
|Restoration fund|3,475|-|-|3,475|
|Northumberland County Council - Shelving unit|468|-|(91)|377|
|Newcastle City Council Grant - AV equipment|1,133|-|(181)|952|
|North East Recovery and Development Grant -|||||
|New kitchen and dining equipment|7,334|-|(866)|6,468|
|York Museums Trust - Fire Alarm Grant|4,500|500|(404)|4,596|
||16,910|500|(1,542)|15,868|
|**Previous year:**|**At 1 January**|**Incoming**|**Resources**|**At 31**|
||**2024**|**resources**|**expended**|**December**|
|||||**2024**|
||**£**|**£**|**£**|**£**|
|Restoration fund|3,475|-|-|3,475|
|Northumberland County Council - Shelving unit|559|-|(91)|468|
|Newcastle City Council Grant - AV equipment|1,314|-|(181)|1,133|
|North East Recovery and Development Grant -|||||
|New kitchen and dining equipment|8,200|-|(866)|7,334|
|York Museums Trust - Fire Alarm Grant|-|4,500|-|4,500|
||13,548|4,500|(1,138)|16,910|
Restoration funds are restricted funds which were raised by an appeal. They can only be applied for the purposes of restoration, as set out in the terms of the appeal.
- 13 -
## **LADY WATERFORD HALL TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
## **18 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used.
||**At 1 January**|**Incoming**|**Resources**|**At 31**|
|---|---|---|---|---|
||**2025**|**resources**|**expended**|**December**|
|||||**2025**|
||**£**|**£**|**£**|**£**|
|General funds|63,787|77,583|(61,237)|80,133|
|**Previous year:**|**At 1 January**|**Incoming**|**Resources**|**At 31**|
||**2024**|**resources**|**expended**|**December**|
|||||**2024**|
||**£**|**£**|**£**|**£**|
|General funds|75,750|60,685|(72,648)|63,787|
|**Analysis of net assets between funds**|||||
|||**Unrestricted**|**Restricted**|**Total**|
|||**funds**|**funds**||
|||**2025**|**2025**|**2025**|
|||**£**|**£**|**£**|
|**At 31 December 2025:**|||||
|Tangible assets||75,690|12,393|88,083|
|Current assets/(liabilities)||4,443|3,475|7,918|
|||80,133|15,868|96,001|
|||**Unrestricted**|**Restricted**|**Total**|
|||**funds**|**funds**||
|||**2024**|**2024**|**2024**|
|||**£**|**£**|**£**|
|**At 31 December 2024:**|||||
|Tangible assets||77,767|8,935|86,702|
|Current assets/(liabilities)||(13,980)|7,975|(6,005)|
|||63,787|16,910|80,697|
## **19 Analysis of net assets between funds**
## **20 Related party transactions**
There were no disclosable related party transactions during the year (2024: None) other than that of the loan balance referred to in Note 15.
- 14 -
## **LADY WATERFORD HALL TRUST**
## **DETAILED INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
|**Incoming resources from generated funds**
**Donations and legacies**
Donations
Grant income
Grant income - Restricted fund
**Activities for generating funds**
Raffle
Shop income
Lettings
**Incoming resources from charitable activities**
Admissions
Events Income
**Total incoming resources**
**Resources expended**
**Costs of generating funds**
**Costs of generating donations and legacies**
Shop and Stock Purchases
Exhibition Costs
Events Costs
**Balance Carried Forward**|**2025**
**£**
**£**
38,617
5,000
500
44,117
5,914
23,858
1,532
31,304
75,421
1,044
1,618
2,662
78,083
14,979
-
1,522
(16,501)
61,582|**2024**
**£**
**£**
19,547
-
4,500
24,047
5,952
28,213
1,831
35,996
60,043
1,104
4,038
5,142
65,185
16,693
11
3,426
(20,130)
45,055|
|---|---|---|
- 15 -
## **LADY WATERFORD HALL TRUST**
## **DETAILED INCOME AND EXPENDITURE ACCOUNT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2025**_
|**Balance Brought Forward**
**Charitable activities**
Wages
Fixtures and fittings depreciation
Property improvements depreciation
Heating oil
Electricity
Rent, rates and insurance
Repairs and cleaning
Postage, stationery, advertising and telephone
General administration expenses
Bank charges
Professional fees
Fixtures and fittings depreciation - Restricted fund
**Surplus/(Deficit) for the Year**|**2025**
**£**
**£**
61,582
29,945
629
4,013
1,992
880
2,822
1,907
1,181
754
613
-
1,542
(46,278)
**15,304**|**2024**
**£**
**£**
45,055
29,009
422
4,013
3,924
1,328
3,202
6,788
1,539
1,021
612
660
1,138
(53,656)
**(8,601)**|
|---|---|---|
- 16 -