REGISTERED COMPANY NUMBER: 01220519 {England and Wales) REGISTERED CHARITY NUMBER: 269378 REPORT OF THE TRUSTEES AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR HAMPSHIRE BUILDINGS PRESERVATION TRUST uifffED (THE> Carpenter Box 53 Kenl Road Southsea Hampshire P05 3HU
HAMPSHIRE BUILDINGS PRESERVATION TRUST LIMrrED ITHE> coKrEpifs OF THE FINANCIAL STATEMEp¥rs FOR THE YEAR ENDED 31 PAARCH 2025 Page Report of the Trustees Independent Exary¥nptrs ReFKYt 10 Strnt of FinarLyal AciS 11 Balance Sheet 12-13 StatenI of cash tltr*s 14 . Notes to the FTh?ncial Statnts 15-22 23
HAIAPSHIRE BUILDINGS PRESERVATION TRUST LIMrrED HE) REPORT OF THE TRUSTEES (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are also directors ofthe charity fwthe purp ofthe CoffyaniesA¢t 21, present Iheir report vrith the financial statern ofthe tharity the year ended 31 March 2025. The trustees have adopted the wovtsions of Accounting and Rewting ty Charities". Statemt of Recommended Practice applicable to ¢hauties preparing their a¢¢wnts in xcordance with the Finan¢ial Rekhming Standard applb in the UK and Republ of Ireland IFRS 102} lefftr¥e 1 January 2019). The Trust ctintin to engage in the conSerVatn of buiklings of particular beauty, or historical constructional Inte$( and reted planL m&hinery N buildings that are ancient ffnMents, in Hampshiro. REPORT OF THE TRUSTEES Strateglc Reviw and 50th Anntversary The trustees have been implerrents.ng the resulls of its Strateg revivw conduded the IKevious year establishing its new Folicies cL#)cluding rts SklS aJIt of trustees. This has enabled trustees to tsrgel its rItrnent of new trustees rcessary to equip the Board wilh the nght b31ance of skills to dnve forward its frJIU work. The tJuslees have also continued with ils plans to mark the Trusfs 50th nerSary whith includ8S an event to be held at the BUedOn Wndmill on 25th Septern 2025. Flnan¢lal Planning Last year the Board concluded that to be effective in the fviure. a è)p prKYity was the devebpment of a financial plan. robust enough to ensure that rt LS capat4e of witr'nurng to inteNene where necessary in rescuing buildings at fisk tn the CcAJnty. and that its existing assets a protected. In pursuit of this objecttve the Board appointed a separ Finance Committee to drNe the Plan fopwarfi and to engage with organisations whKh rnht be a po%thJ) to assist the Trust in leVIng its ffinanCl goals. Thi5 strategic financial planning has alreatty started to pay as finanud Ferfmi¢e of the Trust as rep)rted beiuw iuustrates. Plannlng Applkalions The Trust has continued to Jvise Irxal pknning aulhori in ihe County on applrations affecting historic ljuildings and siies, to bbby planning authorities where rt has become concemed aboul proposals that coukj hann such tIk11ng$ WKI srtes. Exlsllng Horilago Assets The Trust owns th histtyr sites in the crtty.. Butsledon Wndmill, Bursledon Brickworks and Whrt¢hurch &lk Mill. The last tjvo sites are leased to separe trusts whth operate them as visrtor attraCtn$. Bur81edon Windmill Bursledon Wndmill ts Hamtthire's onty thing TwY¥Jmill. It hal t)een leased to Hampshire County Council, who in tum had leased tt to the Hampshire Cultural Trust which the County Council established to njn ils museu. Last year the Culturdl Tnjst and the County Council had given rtr"ce to terminate thwr $[cts¥e eS for operat]orBI rea%)ns.' the Cultural Trust wrth effect from the 31st of March 2024 aThJ the thnty Council with effect from the 31st Cttober 2024. Last year the Trust had started ts negoti*)n Hampshire County cour11 a dilapJation ckim and these negotiatw)ns conts"nue. Page 3
HAIAPSHIRE BUILDINGS PRESERVATION TRUST uiwtED ftHE) REPORT OF THE TRUSTEES (INCLUDING DIRECTORS. REPORT FOR THE YEAR ENDED 31 IAARCH 2025 The WndMill has a loyal folbNing k¢alty, irtlwjing a team of Vohjnteers who are keen to rerrrain invofved. The Trust Trs committed to i&opening the vndMl to the publ and maintaining rt as a heritsge visrtty atlraction for the enJoyWnI and &Juc2tion of the peop of Hampshi. As well as the ndmill, the site comprises a histh bam, disused Stab and s(Kre wcx)Jland. As rt wll be essents'al to generate income to underpin the lMThdmill's futu sustsinabilty, the Trust is exploring the commeicial potent1 of the srte as an events and wedding venue. During the year the Trust has develOd a business based a Combinat of ¥itOr renUe and income generated from events. In additson. the Trust athing grants. including the Nath)nal Lottery Herrtage Fund, to supp)rt improvenknts to the infrastrre and the reopening of the Vfindmill as a vi%rtor attraction, Easueigh Borough Ctyjncil hawng already pledged matched fundirfj of the Trust's bhj to the Lottery. The Trust has been gratefvl to the swrdll band of voFunteers for the excellent work Yiey have undertaken Sin November2024 in keepiThJ the srte safe and V•EII maintained whiie the Trust pLqn for its reoFening to the publ Bur8ledon BrIckwO Museum Tntst As reported Lqst year Ihe Trust had bw woth.ng in close colkborath)n wilh the Bursledon Brickworks Museum Trust tovrards comFAet1 ofa sale of kand at the Brthvorks to a hovsiftg devebper in order to raise funds to repair ltsted drying sws, a sale whth was Npted at a value of £848.000 and whereby the devek¥er haj agreed to undertake the repaffs USiDg the Sa prcceeds. Gocmy progress has teen rne throughout the year on both the housing development and repairs to the drying sheds wth ¢omplekn of both due by the end of September 2¢r25. A Joint IAt>rking Party comprising representstives of tx)th boards have been nN)nrtoring the works and oJnsNJering a fvture strategy for the futtjre ot the BrlckmK including the fijture use of the drying sheds once the repairs are o)mpleted. Thts has resulted En a change to the spear of the paIrS omrtting the Construct of a first in faVr of ustng the fvnds to fit ndowS to the wiThlcw openiThJs and thus making the imm&Jiate letting of the reFwed nwe atr11 The Trust has also been in rwtiatbjn with the Museum Trust in relat)n to firsty the rHincWe ofTr)int "ckeling betsveen the BrickwOS Museum and the WrKlmill and. secondty, the grant of a new ase tidying up several anomal assOCHt with the present lease and sutkleases and IKence arrangements to third paty who take $e wrthin the CoMX. Vthftchuvch Sllk Mlll Tnot The Tnjst acquired and refvrt)i5hed Vthrtthurch Silk Mll in the 1980s. Vthen the restoralw)n was complete in 1990 it estsblished the Vthrtchurch Silk Mill TrusL to it has been leased sin. The Silk Mill LS an Accredited Museum and tre onfy pLxe in Britain where people can see skilled weavers ugng hIStry machinery to Yave fine silks. The Gr 2. buildiThJ tells the story of how the silk industy was estsbtished over 200 Yea ajo in a small rural t(tr in Ncrth Hampshire and suNives to this day. The core funcbons of hIturth SiU( Mill Tnjst are to preserve the building, its mathinery and the art of silk-weaving for the benefft of the pwple of Harrpshire and fvrther afEId. The Mill is open all year round. It manages a shop selling aw other things hwJh qualty scaNe$ woven on the Mill's histo machirwy, and a Fwular riversth café. It offers a wide-ranging prograrnme of temFX)rary exhibitions, worttstw and comnwnty events. This year the Mill Trusi has begun impkmenting the Nattonal Lottery Heritsge Funded MÈavry Futures. project. to enhan tt weaving team's skills. conserve the heritage machinery. and develop the Whitchurch Silk brand in orderto broaden commerual opFrtunrt1es. The Mill has alg) implennted a highty successfvl creative cdlat0rath proFct with JaneAusten's House. an Accredit1 •Auseum in northast Hampshire.
HAMPSHIRE BUILDINGS PRESERVATION TRUST LIIAITED ITrIE> REPORT OF THE TrUSTEES (INCLUDING DIRECTORS. REPOR FOR THE YEAR ENDED 31 MARCH 2025 The ts¥o trusts have colL4trf)red to ajdress the Mill's exW rain Wh have proved inadequate to cope with the heavier rainfalls wthich climate change has brought about. The Silk Mill Trust is hoping io Sle a grant whth will repl&z the existiThJ gutten"ThJ as well as repairing the wheelhouse and nstalling secondary glazing to reduce the Mill's cartM)n footprint and heating costs. Futur• collaborations Last year it was reF4Xted th both the Brth¥O Museum Tntst arvj the Silk Mill Trust find trading Condrf(nS challenging and the Trust has contsnued diwssKs wrth b)th kasehokser trusts lo hyentr'fy lthv best it can aSt in securiry a sustainable financial fuiure lor trf)th sites. 0ECTIVEs AND ACTMnES Statement of Charltablo ObJectlv•8 To preserve for the benefft of the people of Hampshire )d of nation at large whatever of the English historical. architecbjral, constructKThI hentage may ex in and around Hampshire in the form of buildings of partlar beauty Of histortsl. ar¢hrtectural or (>Jnstruciional interests or ancient monuntnts. Public benefft The Tnthes of the Hampshire Buildings Preserrfation Tntst are aware of Ihe published GUanCe of the Charity ComMtsS on Publ Benefft and take that into xcount in eneouwing tenant tharibes of its properties to engage the pul in the benefwl of MIj ofthe signfficars of the heritage assets, Ihe history of the buikliros and land and the activit and prSSeS invofved that contribute to conseivation and enhanrrent of StrUcfv, machinery and Lgnd management. In particUr. toth the Bursledon Brthrt)rks and Vthitthurth &lk Mill have cont.nued to be successfijl in offering opWtun"eS to people of all ages vtho have a disabilty or disadvantsge. to iE¢ome involved in leaming and creative &tivity. In c(Thrrenb"rvJ (m wcyosats of change to histoit buiklings the TN$t considers that acc should be affvrded. ¥there possth. to experience and leam of heritage sbjnificance. Board Memb•rs, SkHh and Re¢ruilm•nt Follcwing the changes to the B¢)ard reFQrted year. the Tnjst has completed its skills audit and suC$SfUlty recnjrted a new trustee wilh extensive marketiThJ and publ relatnS experience. The Trust is ¢urrenty recruiting a trustee wth IT skills with tsndKlate5 alreJy entIfied. The Trust will con1]n to refresh its Board w•be[ShIp targth'ng those wth requisrte skill$. FINANCIAL REVIE Financial Position The Trust recorded a net surplus of £91.28S fty the year ended 31 March 2025, re119 a stronger financial perfrnce cornpared to the prior year's surplus of £1,822. This yea¢s surpEu$ includes £2,551 from unrestricted fuThd$ and £88.734 from restr[( funds. the latter of7hich is earmarked for FKDJramme expendrture in 2025r26. At the year-end, totsl fuThJ balano5 Stood at £104.454 (2024.. £13.1691, comprising a surplus of £10,720 in general unreslricl8J funds and £93.734 re5trthd funds. Notabty. 95% of Ihe restricted balance has been committed for activrties in the next finanual year. Page S
HAMPSHIRE BUILDINGS PRESERVATION TRUST UPAITED (TME REPORT OF THE TRUSTEES (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 IIARCH 2025 This position refiects disoplined finala1 manageffnt KI Strened income dunng the year. hiL8t the majority of restrttejj funds are earffrked for ddNery in 2025126, theTrust retains sufficient untrted reserves to supF(Kt core operatb)ns and maintain ¢Nganisational agilty. LLIng ahead. the Trust wll conb'nue lo (levew tts sustainabilrty strategy. ensuring funding is alwned with long-term progiamme goals. wudent reserves plannwy. and dNerS1fd irw))ffe stream5 to support fUre resilience. Looklng Ahead The Finance Commrttee contrnues to nBintain a strory fc on short4emi fironcial objectives. EMphaS femains on di%ipline(I budgeling. close L7)St managerrEnL ar¥J the pthe identtan of new income streams. These efforts aim to optirnise financial relum$ vthite resFe¢b"ng the constraints of exisb.ng resources. Desprte the added liabilities wrth Wndwill site, the Trust retsins ts confidence in Stsb finanual traject(Yy. Projected investrrent ino)me. an an1pated diLapKlation ckim, and ongoin9 strategic planning Ivr the srte pYovide grounds fLY a cautKsusty FQStkn¥e outioo Rlsk M•nagemenl The Trust maintains a stJuctured appro&h to idenbfying and mrtyating risk. Key areas offrxu$ during the reporting period have induded.. 1. Wndrnill lialylrties.. The finartbal imphcatMY of rywnwshy) and rveh)pwtnt a regularly 2. Income voth'lity.. Ttee$ nltOr trends rOSS fundiThJ soutrx and Conts'nue to explore OPFQrtuniti'es tha enhanc£ incoffe stabilty. 3. Expendrture control.. SuFplier arrangements and c4)ntrxtual ¢(xYvnitments are under regular 4. Reserves oversht The level and des¥Jnal)n of reserves are evaluated quartedy to ensure they meet both rreTrt and anlicipated finanoal commitffthts. The Finance Committee escalates any emerging issues or urwlanties. Vthich enab$ agile decIsn-makjn9 and wovths a$surae on the Trusvs Capacity to respond to extemal Fyessures. Rwrvos pollcy The Trustees have set a reseThes whith requires: Reserves are built and maintained at a level which ensu that tsvelve ff#)nths of the organisation's curwt actNity could continue during a FVM)d of unfeseen difficulty. This arTr)unt is in addition to three months running costs. whth is what woukj be 1[ed to wind down the charrtable activit of Hampshire Buikding PreseNation Trust rf operatM)ns were to cease. The Twstees of Hampshire Building Preservakn Tntst will nwiitor Ihe level of incowo and expenditure the Finance Commritee 1hrgh infonnakn Fovided in the manageffont accounts. This will ensure that Trustees are able io ft¥510r actual In1Me and expenditu f¥Jures against the agreed budget and raise any concems ilenB that may affect the finanoal reserves in a ts.mety manner.
HAMPSHIRE BUILDINGS PRESERVATION TRUST UMtTED (THE) REPORT OF THE TRUSTEES (INCLUDING DIRECTORS. REPORn FOR THE YEAR ENDED 31 MARCH 202S Going Concern Ststement The trustees have assessed the chwity's finan¢wl prjsrfoon and Strateg plans and aTr confident that the organisatb)n has suffiaent resources to ¢))ntinue oper"ng for the fCeSeeab future. Acctsdingty, the ncIal statements have been prepar8J on a gciThJ ox¢em basis. This assessment refiects a range offinarwl aTrJ orallonal 0)nSidS, induding: 1. ComFKehensive budgets and cash Ikmf ftye(asts (x)vering at trftlve nM)nths from the date of approval ofthese finarKAal slatem 2. The clwity's feseNes poly aTrJ the ts(MI ofcurrent UllTestrl reserves 3. Ongoing fuThJing arrangements. dornr engagenMI arKI grant renevrdl cycles 4. sce10 planning to address pokntial redjS n income. aongsth wreSrng expendrture adjustments 5. L¥4uidty and solvwKy rth. including esS lo ffinancial support rf required In additN)n. tnjstees have revthved Ihe wincipal risks uncertainties affecting the chanty, notabty the financHI respots1ty for 8urskn Wndmill. a Gr 11 I hent&Je site. Folk)wing the cessation of Operat5 by Hanwshire CUlrat Trust aThJ Hampshtre County Counul. and the thdrawal of key futvjing partners. the charity asSurj t•)th financial aThJ operational responsibilty for the site. This indudes potential Irabilrties retating lo maintenanceand heath and safety ¢ompliance, currenty under review. TnteeS are &trrfety eWin9 suslainth and extemal partnerships to Mgate these risk5. Based on this revi. the trustees he Th)t Ident any Mat7 uertaIntieS thal would cast sunificant doubt on the charity's abihty to c(¥rtwiue as a goiry o)ncern. STRUCTURE. GOVERNANCE AND IAANAGEMENT Governing document The Company is INnrted by guarantee (Company Number 1220519) defined by the Companies 20C6 and govemed by a MerandUrn and Arlicles of ASsla and does not have any share caprtal. It is registered by the Chanty Commission as Charty Number 269378. ¢erall SponsIbl1 is in the hands of the trustees. At presen( the Board Convenes ft)mlty four tiffes a year and cxy)ducts an Annual Gerwal Mling IAGM) in the autumn. The 8oard, while Tetsining overall resFonsibilty arml authonty. has deated some of rts resFrtSib1Iitles to a ne*ty created FinarL¢e Comnuttee. Finan CcKnmrttee rrS.. . C Beresford (Chair). P Goodship and B Ferg. The Finance Comttmttee's responsitshty 15 to adv the Board ofTrusie85 on matters that may affect the short and long-terrn finar1 viabilty of the Chanty and the proper and effective stewardship of the assets ofthe Charity.
HAklPSHIRE BUILDINGS PRESERVATK)N TRUST LIMtrED (ThE) REPORT OF THE TRUSTEES IINCLUDING OIRECTORS. REPORT) FOR THE YEAR ENDED 31 laARCH 2025 Ro¢witin•nt and App(thnt of trustee8 The Trust can appoint 15 toard nkmber5 as folkyws." 10 memters nominaled by Tru$L 3 Members minated by the Hampshire and Isle of ht L(ral Auth[. and 2 Cted rnt[s. As a sU11 of the &)vemance revivw. the Board agreed a set of "Governan Principles and Guhlelines" which define how the p$1$ contained in the Twsfs MendUm andArticles should be ftjifilled. It prov$ a single refe[er FL)int on governance for use by Trustees. Its contents are lyased on the Charity commiss and NCVO OrnndatiOnS for effettNe govemance. The Board considers that Trustees r4uire specific skills. knuwledge, expr and qualities to ad the Tnjst effectwely. Candidates are invited to attend Board meetiThJ ts mLltual observation before being formalty invited to join the Board. From n(Ni on the Board has agreed to an open, competrtive and transparent prcws for appointing Twstees: V1c$ will te Wb[lsed in relevant netsvorks and applicants interviewed. An induction pack to wekome Trustees arKI equip them with the knovAedge they need to w (xrt thetr robe effectsvety has ten introduced. Indemnlty Insurance The Trust maintains Insuran FM)licies on behalf of all the trustees 4ainst liability arising from noglbJence. breach of duty and bre& oftrust relation to Ihe Tntst Membern obIlgat$ None of the trustees have any b181 interest in the company. AN of the trustees are members of the MpanY and guarantee to contribuie £1 in Ihe e4ent ofa windwig up. REFERENCE AND ADMINISTrATIVE DEfAILS R•gl8torod Company number 01220519 {ENJlan¢J and Vlales) Regotered Charlty number 269378 Reglsterod I)If8 8ursledon Brick7Wty Coal Park Lane Swanwid( Southampton S0317GW Page 8
HAIK•SHIRE BUILDINGS PRESERVATION TRUST UWTED IThE REPORT OF THE TRUSTEES (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 IAARCH 2025 Trustees P C GoThJship (Chaimwn) Mrs E D Bell C Beresford Dr C M Clark R W Fergie P George Courtillor W Insh D Hubbard A R Mason Ms D F Potterton Ms S A Roberts J Shaw PA Turner Cou14 N J V4&1ker Appointed 17.10.25 ReswJned 12.07.25 ReSNJn (6.12.24 App)intol 17.10.25 Resign&J 14.09.24 Reygned 21.06.24 Company Sgcwelary MrsPAMoo J Shaw Resgned 17 10 25 Apwnted 17.10.25 Independ•nt Examiner Carpenter Box 53 Kent Road Southsea Harr¥)shire P05 3HU Bankern Lkjyds Bank P 49 HKJh Street Wnchester Hampshire S023 9BU )proved by order oftr rd of trustees on 2025 and sgn&J on its behalf by. P C G£S (Chairl Twslee
INDEPENDENT EXAWNER'S REPORT TO THE TRUSTEES OF HAIAPSHIRE BUILDINGS PRESERVATION TRUST UAIITED (ThE) Independent examine¢s reFxNt to the trusiees of Hanwshire Buddirys PreservatK>n Trust Limited (The) (the Company) I report lo the charty trustees on ry examinalx)n of xcounts of the Company for the year ended 31 March 2025. Re8ponslbllltles and basls of report As the charty's trustees ofthe Company {and also tts directors for the purposes ofcompany lawl you are resF0nSib for the preparath)n of the accounts in accth¢e wth the reqUIrents of the CompaniesAct 20C6 (the 2006 Act). Having satisfied myself that the acccwnts of the Conyny are not rewired to t audrted under Part 16 ofthe 20C6 Act and are digible for indeFendent examination. I report in respect of my examination of your charity's accounts as carrd out under SectKJn 145 of the Charthes Act 2011 (the 2011 Acti In carrying out my examinatv)n I have follrmed the De¢1K)n5 giw by the Charty Commission under Sectton 14515) Ib) of the 2011 ACL sin the trusys gross Inco exceeded £250.CKKI your eXarEr must be a member of a body listed in section 145 of the 2011 Art I confinn that l am qualifj to undertake Ihe examinalion because I am a rnber of the Institute of Chartered Atntarts in England and lfy&les. which is one of the listed bodies. I have compthd my exanwnation. I confinn th no rrotters have con to my attenth)n in connect¥Jn ith the examination gmng me ¢ause to believe Itt in any material resFtt accounts'ng records Mt kept in resFeCt of C(¥¥p3ny as Uired ty Section 386 of the 21x6 Art or the accounts do with the a¢counts'ng requirements of Section 3% of the 2006 A¢t other than any requireffnt that the rnnts gNe a true and trair vw whth is not a matter conslded as part of an independent examination" or the aC(ftts have not been prepared Kl &X¢Ydan with the rrEthThJs and princples of the Statement of Rec0Mn?ded PrdCtKe for and reFing by thantie5 (appIable to chatieS preparing their aczjyjnts in KcQrdare with the Financ4al ReFth'ng Standard appltabk in the UK and Republ of Ireknd (FRS 10211. I have no (XM)cems and have CO across no Olher matters in connection with the examination to which attention shoukl be drawn in this report in order to enat4e a proper understanding of the accounts to be reached. Timothy Millett FCA CarFenter Box 53 Kent Road Southsea Hampshire P05 3HU Date.. 11. %.•-Q> Pag•10
HAIAPSHIRE BUILDING PRESERVATION TRUST UMITED (THE) STATEMENT OF FINANCIALACTivmES IINCORPORATING AN INCOME AND EXPENDrruRE ACCOUNT) FOR ThE YEAR ENDED 31 IAARCH 2025 Tolal Fund Furwjs Funds 3,716 FBPT ActiNitie5 848,842 7,174 10.014 10.014 1&862 861. 10.947 EXPENDrruRE ON Ch¥rltablo a¢ti¥*les ProJts Cthw frBPT Acli4ities Tolal 759, 759,2e 11.311 759.2e6 9.125 NET hNCOkE1EXPE>rruRE) 1551 REctlLAnc (F F[X)S Total fuThJs foThwd 8.1 13.169 11,348 1Q720 10(4S4 13,169 Page 11
HAMPSHIRE BUILDING PRESERVATION TRUST LIIMTED IThE) BALANCE SHEET 31 MARCH 202S 2025 21r24 Funds FuThYs FUTr HeritD3e Assets 11 12 1.817 1.19) 1,694 14,733 16,427 Cash at Bank 13,073 153.394 1e6.467 AJTh)Jnts fafaThJ Ikn ilhin ye8r 13 12.3531 {S9.tr) 162,013) (3.2581 10.720 104454 13.169 TOTAL ASSETS LESS CiRNf LIABIUTIES 10.T20 104,454 13,169 TOTAL ASSE 10.T20 11x454 13.169 Funds 14&15 13.169 TOTAL FUNDS The charitable company is entitkd to exernptiC frorn audit under sect 477 of Ihe Conyanies 2006 for the year ended 31 March 2025. The membws have not reqUId the company to obtain an audit of its finaal slatements for the year ended 31 March 2025 in 1rdan with Section 476 of the Companies Act 2C(fi. The trustees &kntrthedge thwr reSponbilrtS for (al ensuring that the chartable company keeps accounting reo)rds that comply wkth Se¢bons 386 and 387 ofthe Companies Act 2C(6 and Ibl preparing financial StatentsWhth gNe a tn and fairvieofthe stak ofaffairs ofthe¢hantab compary as at ihe end of eh finaal year and of lis suwus or det for each ffinancial year in ac¢ordance with the requireTrnts of Sections 394 and 395 and which otheiSe cnmpty wf(h the requirements of the Compans Acl 21x16 relab"n9 to financial statements. so far as applicable to the charitable Mpany. Page 12
HAWSHIRE BUILDING PRESERVATION TRUST UMITED IThEI BALANCE SHEET IContlnu¢d) 31 PAARCH 2025 These finaal staterrEnts have ten pyepargj in )rdance TAryth the provisws applicable lo charrtable Companies subject to the small conwanie5 regime. The financial stateffents were approved by tr PA)ard of Trustees and authorised for issue on 2025 and were signed on its behalf by.. P C (knxjship (Charr) Trustee Company RegSstratlon Number 01220519 Pago 13
HAMPSHIRE BUILDING PRESERVATION TRUST UPAITED (THE) STATEMENT OF CASH FLOWS FOR ThE YEAR ENDED 31 MARCH 2025 Cash1obs0r ty)Igw*J frun q)erati¢ 19 1¥753 5,377 Intsrest receiwj 10.014 10.014 148.767 5,433 Cash cagh at teJ¢"MirwJ d ye 14.733 9,300 161 14,733 Page 14
HAMPSHIRE BUILDING PRESERVATION TRUST UMITED (THE> Notss to the Flnanclal Ststements for the year ended 31 M•rch 2025 ACCOUPItING POLICIES Charfty Infornmtlon Hampshire Buikling PreservatM)n Trust Limrted is a prr¥ate company limrted by guarantee incorporated in England and Wath. The registered Ole is Bursledon BrthoTks. Coal Park Lane, Swanwick, Southampton, S0317GW. The prirripal place of business is Bursledon Wndmill, Vwndmill Lane, Bursledon, Hampshire. S031 8BG Basls of prnparlng th• finan¢ial statorn8 The ffinanckql Statents of the ¢tharitsble company. whth is a publ benefft entsty under FRS 102. have been prepar&J in ac0)rdan with the Charl$ SORP (FRS 1021 'h££ounting and ReFQrting by Charrties.. Statement of Recommended Prth appli¢abk to chantEs preparing their CountS in COrdan with the Financ Reprj Standard appluble in the UK and RebI of Ireland IFRS 102) leffectNe 1 January 2019}. Finatal ReprtIng Standard 102 The Financtal Reporting Standards applicaNe in Ihe UK and Reputy1 of Ireland. arKt the CompaniesAct 20LIS. The finan¢ial ststements have been prepared under Ihe cost Conventi. The finan(aal statements are Presen in slerffftg (£) and the aryx)unts rounded to the nearest pound. Income All InMe is rwnised in the Staternerrtof Finartial Adivrfits On ts tharty has entitlement to the fvnds. it is probable that the inctiffE will te reoNed, and the affnt can be rreasured reliabty. Expondlture abilrties are recognised as expendiiure as scth as Ulere a legal or constructive obligation committsng the charity to that expenditure. rt ts probable that a transfer of economi¢ benefits will te required in SethewI and the affint of the oblKJatTr can be wEasured reliabty. Expenditure is accounted for on an accruals basts arKI has been classified under tIngS that aggreg all cost reld to the category. Iljhere costs cannot be directy attnbuted to partlar heajings. they have been allocated to actiVrtS on a bas consistent vth trt use of resources. Tanglbk fixed assets Tangible fixed assets urthr the c¢t numld are slated at c£st kn aCmUlated depreciation and any accumulated impalrNt k)sses. Hist(¥Thl cost Incl expenditure that is directy attributable to brirb3ing the asset to the Ictstion and c(yxlrtK)n Issary for it to be capable of operating in the manner intended by manajement Depreck4tiM is charged so as to a1cate cost of assets less their resKlual value over thty'r estimated useful lives. Depre¢kation provvjed on the folkmfing basis: Plant and rrhinery etc. 25% reducry balarKe The assets. residual Values, usefijl lives and nthcts we revEY4ed. ar)d adjusted prosreth'vety rf appropriate. or rf there is an indtats)n of a sun1rt change since last reporb.ng date. Gains and losses on disposals are determined by cory)ariTrJ the ytteeds with the wing amount and are ¢cniSed in the Incorr strtennt Page 10
HAMPSHIRE BUILDING PRESERVATION TRUST LlllttED HE1 Notes to the Financial Ststements Icontlnuod> forth? year ended 31 Mafch 2025 ACCOUNTING POUCIES l¢onllnu¢d) Cash and ¢ash oqulvalents Cash and cash equNalents incfude cash in hand, detK)sits hekj at call wilh banks, other short-temi Itquid investments wrth onginal maturilies of three nth$ or less, and bank overdrafts. Bank overdrafts are shown within b0rrrwngS in ¢urrent liabilibes. Taxation The Charity is exempl from corporation tax on ils charilable acbvibes. Golng conc•m At the time of approving the financial statements. the Intstees have a reasonable eXpb"On that the charty has aequate resources to conbnue in operath)nal existence for the foreseeab fLrture. Thus, the trustees conb'nue to adopt the going concem basis of OUntrng in prepanng the financial statennts. Fund accounting Unrestricted funds be used n alKe with Ihe ctsitable c4'e¢tives at the discretK)n of the trustees. Restricted funds can onty be used for partKular restr purkxtses within the objects of the charity. RestrictKsns arise when speoW by the donor when fuThts are taised for partIlar $tr1ded purposes. Critical accountlng esllmatss and jUdgts In the applical)n of the charities accounts'ng pOIleS. Ihe trustees ate fequired to make judgements, estimates and assumpts'ons about the ca1j aUnt of assets and liabilrties that a not readily appant from oiher sources. The estimates and aSSbated assumpbons are based on historical experience and other f¥tors that a conshjered to relevanL Acbjal results may drffer from these estimates. The ests'matesaTrJ undertyiThJ assunWDns are revivj on an ongoing basis. Revish)ns to ac¢ounbng estimates are recognised in the FWKMJ in whh the estimate is revised where the revision affts onty that perb)d. or in the perioj of the revIsn and firture Femds kn the revision affects b)th current and ftjture pefiods. DONATIONS AND LEGACIES 24 rft Aid Subscri&*" & Donalic 145 2,1 3.513 1716 Page 16
HAPAPSHIRE BUILDING PRESERVATION TRUST UPAITED IThE) Notes to the Financlal Statements Icontlnued) for the year endod 31 Ilarch 2025 INVESTMENT INCOIAE 2024 10.014 10,014 INCOME FROM CHARtrABLE ACTMTIES 21Y25 2024 ()hef FBPT PdiKilies Grants 1.1r24 6.150 7,174 Other HBPT Activrties indude £848,CW fr(¥n the sale of land atthe BrKkworks to a housing developer to raise lunds lo reparr the ts¥o listed drying stvjs. The Trust W(ated a conlract with the devebFtr to undertake those repair works. CHARITABLE ACTMTIES COSTS DryiNJ Charit2tle 6) Cther FBPTkliNiti'es SUPPORT COSTS er FBPT Ath'iilies 8,754 476 11,311 TRUSTEES. REMUNERATION AND BENEFrrs There were no trustees. reftneraon or other berffts for the year ended 31 March 2025 rhy for the year ded 31 March 2024. Thrnt. expenses In the year to 31 March 2025, P M¢x>re ctaimed expense reimburSets toialliThJ £145 arml S Roberts daimed expense reimbursennts totalling £255. In theyear to 31 March 2024, P Moore claimed expense reYnbuTrements tolalliThJ £270 and S Roberts clw.med expense reimbursements totallirvj £171. Page 17
HAMPSHIRE BUILDING PRESERVATION TRUST UMrrED IThE) Notss to the Flnancial Ststements Icontlnuedl forU* year •nd•d 31 M•rch 2025 Employees The average thty number of employees during ttle year was O {2024. 01. There were no employees whose annual reryKJneration vas nKJre than £60.000. COMPARATIVES FOR THE STATEPAEiif OF FINANCIAL ACTMTIES fuThls funds IMCOPE AND ENDOWhEPffS FR( Donalions wres 3.716 3.716 Charitable actwld 1.Ir24 6.150 7,174 Totsl 4797 6.150 10.947 EXPENDrruRE ON Charitablo actwit Qher FBPT Acli¥ili8S 7.975 11178) RECONCLATION OF FUNDS TotAI fuTrJs 11.348 11.348 TOTAL FUNDS CARRED FORWARD 169 13,169 10. TANGIBLE FIXED ASSETS Pknta rhlrY COST Al 1 April 21724 and 31 March 225 DEPRECTK)N Al 1 Wil 2024 arKI 31 kts¢h 21r25 NET BOOK VALUE Al 31 2025 Al 31 Mch 2024 Pag• 18
HAMPSHIRE BUILDING PRESERVATION TRUST LirirtED ffHE) Not•s to the Financial statem Icontinuod) for th• year ended 31 Ilarch 2025 11. HERITAGE ASSETS The Trust retains cpfftrship ofthree propert.. 1. Burnledon Brickwo Musoum Leased to the Bursledon Brth4th5 Mwrn Trustitwtwa5 regthred as a charity 4 Nurfember 2016. This has released H8PT from finarKial respcK)sibiIieS in OF13 Ihe Museum. 2. Burshdon wMIll The Tower Mill, aloThJ with its mhirw. bam. and outbuiklings. is Ow7 and managed by HBPT. Future woposals for ts use are currenty under consKlerat1c. 3. Whltchurch Sllk IAill Whit¢hurch Silk Min Tnjst has responsibilty fDr caring tr arKJ opeTrb"ng Kthitthurch Silk Mill on behalf ofthe owners, Hampshire Buildings Preservation Trust The Mill c(Mststs of h6toric buildings, grounds and machinery thatfom a distinct ¢olbethn of industrial hen&Je arte1. They have been preserved in order to inform people about the ofsilk wC#lucth. with part1•r emphasis on the irKlusty'5 )nnection to Whitchur¢h. None ofthe above Pfoperties have been caprtalised in the COunts as rt is consKdered that meaningful valuations would be impractThl and cosvy compared with the benefits that mKJht be achieved from infomiation. The three prcwties that have been let to dedKated trts are at nil renL unless there is a trajfftg surplus. 12. DEBTORS 2025 2024 AnnIS famkng ue rfthln one yer. 201 1.334 195 PrepayTrrbts rued Incor 1.205 1.694 1967 13. CREDITORS: APAOUNTS FALUNG DUE WITHIN ONE YEAR 25 2024 Trade crediys aTrJ deferred 1,1 2,108 62,013 Pagg 19
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HAW•SHIRE BUILDING PRESERVATION TRUST UPAITED (ThEI N(rtes to th• FinaKlal Statements (contlnu¢d) for the year ended 31 March 2025 15. UNRESTRICTED FUNDS The unrestricted funds of the ¢hty CcKnWe the unexperthl balancrf of donabon5 and grants which are not subject to Spe ClIn$ by dorhys and grorS as to how they rrY be used. At 1 hoil Ircrnirvj lwces Transfers At 31 lthh fL¥KIs &1 13. (11.311) 10,720 81 13862 11.311 At1 IT11j SIArCes Trs At31 2024 neral furKts 11,348 4.797 (7.975) 8,169 ANALYSIS OF NEf ASSETS BETWEEN FUNDS 2025 Current assets Current labillies 13.073 153,394 166,467 62.013 10.720 93.734 104.454 2024 2024 Fund b#lanco8 at 31 rch 2024 are feWe8*rt by: Current assets Currenl labiffib'es 10,27T 2.108 6.150 1.150 16.427 3,258 8.169 13.169 Pap 21
HAITrSHIRE BUILDING PRESERVATION TRUST UMrrED ITHE} Notss to thtr FinaKial Statements IcoTrtlnued) fol Ibg yoar wKl•d 31 fAlarch 202S 17. RELATED PARTY DISCLOSURES Transactlons wlth Tntst During the year Trustees paKJ fees to Hanyshye BuihJiThJs Presentation Tst Limited (The) lotslling £125 {2023'. £80). 18. LEASING AGREEMEKrs A lease with the tenants of the Bursledon site. Butsiedon Brthorks Museum Trust was signed on 18 January 2017. with effect from 1 2016. The kase is for £1 rent per annum rf demanded. 19. CASH GENERATED FROM OPERATK)NS 2025 2024 (Defrcrt)IsurpkLs f the y 91.285 1.822 juthnts fr." Instr[rt inc¢JTE rwniJ in slanwrt of fila1 xbiilbes (10.014) (561 {Increase)lthrease in detkns Incr¥&el(threase) in cTthxs (1,273) 58.755 3,423 189 Cagh (aPAorbed by)Iwrated frixn opwat 134753 4377 Pago 22
HAMPSHIRE BUILDING PRESERVATION TRUST UMITED (ThE) Dots11 Statemert of Flnanclal A¢tlvities forthe year ended 31 March 2025 2024 INC( AND ENDowAEi¥rs Cift aKI Sub¥ri[ & DO115 145 203 3.513 3.716 10.014 1,024 Clher Inco (Fl£stri¢W) i>ants (PAstric*d) 6,150 7.174 861,862 10.947 Supp)rt c(ts 510 1,315 759, Insurance Dryiry Sh&ts Prwts (P£str Surws 1,1 1,239 Subscripts'(Y Annual ReFQrt 3,095 673 768.Ir21 6,932 Bank charges 476 2,1C 14) (120} 770.577 9.125 Pagg 23