0￿$￿4n Ehb*bpe ID.. 0950109&ABBA4AW77F-CASIC8708 BURTON AGNES HALL PRESERVATION TRUST UMITED (a company limited by guarantee) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 (Company registration number 1293608) (Charity number 272796) 4AOHL5ULK" ¢)911212024 COklPANIES HOUSE #214 DowsKJn En¥elope10". 095o109>ABBA4AB￿77F-c￿5Ic8?c6 BURTON AGNES HALL PRESERVATION TRUST LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 Page Report of the Governing Body Independent auditor's report 7-10 Consolidated Statement of Financial Activities 11 Consolidated and Charty Balance Sheet 12 Consolldated and Charity Statement of Cash Flov 13 Notes to the financial statements 14-30 DOC￿￿d￿ Èn*lope ID.. 0950109>ABBA4AB6477F-CA51C87Ce29C BURTON AGNES HALL PRESERVATION TRUST LIMITED REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 5 APRIL 2024 The chairman has pleasure in p￿senting the thirty seventh annual reFort v￿th the audited financial statements for the year ended S April 2024. REFERENCE AND ADMINISTRATIVE INFORMATION Members of the Governlng Body The members of the Goveming Body (who are also Twslees of the Charilable Company) who served during the year V*Ere- The Hon Mrs E S Cunliffe-Lister S C Cunliffe-Lister Sir N Brooksbank Councillor C J Matthe￿￿ O Cunliffe-Lister J Willoughby Georgie Pridden Oliver Hallam Tristan Haddow Secretary Registered office S C Cunliffe-Lister The Eslate Office Burton Agnes Hall DrIff￿1d Y025 4NB Company number Charity registered number . Audltors 01293608 272796 TC Group 6 Queen Street Leeds LS1 2TW Bankers Barclays Bank plc PO Box 206 Barclays House 10 Market Place Hull HU12 ORB Solicitors Wrigleys Solicitors LLP 19 Cookndge Street Leeds LS2 3AG Investment Managers Ruffer LLP 80 Wictoria Street London SW1E SJL Do(xJs>Jn Envelope K).. 0950109>A88A4AWB77F£A51C87C8 BURTON AGNES HALL PRESERVATION TRUST LIMITED REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED S APRIL 2024 STrUCTURE. GOVERNANCE AND MANAGEhEKr Legal and administrative details Burton Agnes Hall Preservation Trust is a company limited by guarantee and is a registered charity. There are cuNently nine members of the Twst who guarantee £1 each. The Art￿leS of Association contain no provision for retirement by rotation and all members of the Goveming Body therefore continue in offbce. A full list of directors who have served during the year. all of whom are members of the Trust, can be found on page 1. The Charity's objectives The general objective of the Trust is the adVan￿rnent of historic and aesthetic education. For the purpose of carrying out that general obJ"ective. the primary obJ"ectNes ofthe Trust are in particular.. To prese￿e. as national monuments. buildings of histori¢ or architectural or artistic interest and importance and lo protect and improve the amenities of such buildings and Iheir surroundings. To preserve for the benefit of the nation and as an adjunct to any such buildings as aforesaid fumiture. pictures and other chattels of national historic or artisb'c interest. To facilitate and encourage the access to and the study and appreciation of such buildings. furniture, pictures and chattels as aforesaid by the general pu￿1C. The Charity's Strategy to achieve the objectives The strategies employed to achieve the Charty's objectives are to promote and encourage access lo and the study and appreciation of Burton Agnes Hall. rts contents and surroundings by the general public. by looking for creative ways of attracting visrtor5 to the Hall and gardens and ensuring that more children and young people are enGourage(I Io vistl through school visits and other targeled activities. The main activities undertaken to achieve the objectives The Trust's main activities undertaken to achieve rts objectNes are- Opening Burton Agnes Hall and grounds to the general public Promoting Burton Agnes Hall as a destinab'on for sthool parties. individual visitors and group parties through distribuling leaflets. p￿$S adverts and direct rnailing Providing infomation and employing guides to further the historic and aesthetic education of visitors to Burton Agnes Hall MaintainirwJ and improving the structure and contents of the Hall Achlevements in relation to obJe¢tlves set Visitor numbers Burton Agnes Hall and Gardens were open to visitors daily from 1 Apnl unbl 31 st October 2023. The Hall also opened daily for Christmas between 14th November and 23 0￿mber 2023. T.he Hall opened again daily on Saturday 23 March 2023. In addition to these dates, the gardens, shops and.cafe V￿re oFen daily from 3 to 25th Febfuary 2024 for the wocAgeA4A8&BTIFIA51C87 BURTON AGNES HALL PRESERVATION TRUST LIMITED REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 5 APRIL 2024 Table 1: Visitor numbers 1$1 April 2023 to 31S March 2024 Change from previous 12 months 1st April 2022 to 31° March 2023 Normal o enin Educational rou Grou visitors Visitors on s Chrislmas o Snowdro Total s A il to October visits -13 66 -39 -30 28,522 600 1,800 9,021 5,982 600 1.100 6,343 6,168 4.OL 46.020 cial event da s" nin enin -36 -12 "Attènd8"nce at special evenl days.. 466 visitors to the Car Rally on 14th May 2023 (previous year.. 659) 1.488 visitors to the Gardeners. Fair on 10-11 June 2023 {p￿vIouS year. 1,591) 641 visitors to the Jazz Festival on 7 to 9 July 2023 (previous year.. 558) 1,597 visitors to the Autumn Fair on 7 and 8 Octobei 2023 (previous year.. 2,054) Concessions The Trust granted concessionary access to the H811 in the following ways.. Children be￿een four and sixteen were charged a reduced admission Children under four V￿re admitted free of charge A family ti¢ket was offered to redu￿ the admission charge for couples with Ihvo or more children CaTers of disabled visitors bNere allowed in free Maintenance. restoration and conservation V￿rk Works of note Work done on Reading Rooms (Various suppliers) Security (SS Systems) Paul Chadwick {Joinery work) JLW (Building Work) Various Joinery word (PT Woodcraft) Roofing and building work (GJ Building) Total £ 47,359 £ 5,886 £ 8,199 £ 19,536 £ 39.341 £ 10118 £130 439 How this relates to the accounts Total incoming resources for 2023124 have been £815,372 (2022123.. £755,194). Income from charitable activr(￿S incorporaling the Hall opening and associated retail, events and trading activities has risen to £686.042 {2023_' £635,060>- Jazz Festival kn'cket income in 2024 totalled £71,640 (2023- £ 52,563) of which expenditure incurred totalled £55.041 (2023 - £50.075>. leaving a proffit of £16,599 (2023 - £2.488) Income from donations. legacies and grants increased from £22.844 to £27,050. DooJ￿9￿ En¥ebw ID.. O950109>ABBA4A￿B77F-CAslCa70B￿ BURTON AGNES HALL PRESERVATION TRUST LIMITED REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 5 APRIL 2024 Investrnent income remained relatively stable at £102.280 (2023". £97.290). The main source of income is rents from farmland and cottages of £80.11312023= £83,150) and income from investments in the form of dividends and treasury interest of £22.167 (2023.. £14.140). Total income from gains and losses on investments was a loss of £90. 147 (2023 - £2,666) of which £98,32612023 - £67.034) was from realised gains on the investment portfolio and fomard contracts. There was, however. an unrealised loss on the inveslment portfolio of £188,473 (2023 - £72,018). Costs of raising funds and opening and preservirvJ the Hall and grounds have fallen to £817.478 (2023.. £884.568). Significant areas of cost are- Staff costs of £362.239 (2023= £308.670) Café and Sho urchases of£123,167 (2023- £128,836) Cost relalin lo events other than Jazz Festival of £23.854 (2023- £21.125) airs of £95.604 (2023.. £125.6121 of Gardens and cotta e of £149.604 (2023. £31.392) Insurance of £53.302 {2023'. £44,496} ht and heat of £42.291 (2023 £46,987) Le al and rofessional of £76.761 (2022.. £32.146) Marketi of £4,221 {2022'. £9.286) Recruitment and appointment of Trustee5 The Trustees have professional andlor cofflrDeroal backgrounds wth a range of complementary skills that are appropriate for the activf(ies of the Tnjst. In the evenl of a parlicular skill being lost due to retirement, individuals are approached to offer themselves for appointment as Trustees. Truslee indu¢tion and training Mosl Trustees are familiar with the practical WOTk of the Trust prior to appointment. Additionally. new Trustees are invited and encouraged to meet with the senior management team and fellow Trustees lo familiarise themselves wrth the work and slructure of the Charity and obligations of the Trustees. New Trustees are provided wilh a copy of the memorandum and articles of association of the Charity, the Charity's conflicts of interest policy. the Charity Commission's guidance on becoming a Charrty Trustee ICC3a - The Essential Trustee.. An introduction) and the Charty Commission's guidance 'Charities and Public Benefrt: Summary Guidance for Charity Trustees". Details of organisational structure arHI how decisions are made Strategic decisions are taken by the Goveming Body. advised by managemenl. which meets formalty at least twice a year. In the intervening period. indiwdually or ¢ollectivety, the Trustees will be involved in decisi￿ making andlor ￿VISIng management as necessary. Public Benefrt We confirm that we have referred to the information conlained in the Chartty Commission's general guidance on public benefit when reviewing the Chartty's aims and objectives and planning future activities. Risk managernent and investrnent pollcy The Trustees have examined the major strategic. business and operational nsks. wh￿h the Charrf(y faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen the risks. There are no restrictions on the Charity's power to invest. t1¢)cu￿n Envelope ￿.. O95D109>ABBA￿B71FlA51C87ce2 BURTON AGNES HALL PRESERVATION TRUST LIMITED REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 5 APRIL 2024 Reserves policy The Charity's reserves policy is to ensure that sufficient unrestricted reserves are maintained to enable the Charity to continue in the event that there is an unpredicted and l or signrficant drop in income levels. The Trustees consider that the current level of general reseNes meets the requirements of this policy. As at 5 April 2024, consolidated free reserves amounted to £485,391 {2023 £416,794) after excluding amounts invested in fixed assets and the charty's investment porttolio. as detailed in nole 19. The investment portfolio is held to 9en6Yate funds to support the charitable acbvrties of the organisation. Statement of Trustees. Responsibilities The Trustees (who form the Governing Boty of Burton Agnes Hall PreserVat￿n Trust Limited and are also dIreCt￿S of the Charitable Company for the pU￿OSeS of company law) are responsible for preparing the Trustees, Annual Report arml Financial Statements in accordance ￿th applicatde law and United Kingdom Accounb'ng Standards (Unrted Kingdom Generally A￿pIed Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, induding the income and ex￿ndIture. of the charitabk Company for that period. In prepanng these financial statements. the trustees are required to-. select suitable accounting policies and then apply them consistently: observe the methods and principles in the Charrties SORP 2019 (FRS 102).. make judgements and estimates that are reasonable and prudent-, state whether applicable UK Accounting Standards have teen followed. subject to any material departures disclosed and explained in the financial statements.. prepare the financial statements on the going con￿rfi basis unless r( is inappropriate to presume that the charitab￿ Company will continue ir4 opera￿.on. The Trustees are responsible for keeping adequate accounb'ng records that disclose with reasonable accuracy al any time the financial posttion of the Charrtable Company and enable them to ensure that the financial statements comply with the Companies Acl 2006. They are also responsible for safeguarding the assets of Ihe Charitable Company and hence for takn'ng reasonab￿ steps for the prevention and detection of fraud and other irregularities. In so far as the Trustees are aware.. there is no relevant audit information of which the Charitable Company's audrtor is unaware,. and the Trustees have taken all steps that they ought to have taken lo make themsefves aware of any relevant audrt information and to establish thal the auditor is aware of that information. Audilors TC Group has indicated its willingness to continue in office. This report has been prepared in accordance v•iih the provision5 applicable to charitable companies entitled to the small companies exemption and the exemption from preparing a strategic report.. By order of the Board on the 28 November 2024. S C Cunliffe-Lister Member of Goveming Body Do()J$￿n Erwelope ID.. 09501o93-ABBA4A￿B77F£A57c87r INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF BURTON AGNES HALL PRESERVATION TRUST LIMITED FOR THE YEAR ENDED 5 APRIL 2024 Oplnion We have audited the finanual statements of Burton Agnes Hall Preservation Trust (the 'Parent Charitable Company) and its subsidiaries (the 'Group } for the year ended 5 April 2024 which comprise the Consolidated Statement of Financial ActNlties (Including Income and Expenditure Account), the ConsolKlated and Charty Balance Sheets, the Consolidated and Charity Statement of Cash Flows and notes to the financial statements. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Unrted Kingdom A¢¢ounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard appI￿able in the UK and RepublK ol IrelarKJ (United ￿'ngdoM Generally Accepted Accounb"ng Practice). In our O￿nIOn the financial staterrents.. give a true and fair view of the state of the group's and parent Charitab￿ cornpany's affairs as at 5 April 2024, and of the group's incoming resources and application of ￿sourCes. including its income and expendrture, for the year then ended.. have been properly prepared in accordance with Unrted Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordan￿ wrth the requirements of the Companies Act 20(￿ and the Charrties Act 2011 Basis for opinion We conducted our audrt in accordance with Intemalional Standards on Auditing {UK) (ISAS (UK)) atKJ applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charttable company in accordance vthh the elhical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethi¢al Standard, and we have fuFfilled our other ethical responsibiif(ies in accordan￿ wf(h these requirements. We believe that the audit evidence we have obtained is SuffI￿ent and appropnale to wovide a basis for our opinion. Conclusions relating to going concern In 2￿JIt1ng the financial statements, we have concluded Ihat the trustee5' use of the going concem basis of accounting in the preparatb)n of the financial statements is ap￿opri8te. Based on the work we have performed. we have not identtfied ary material uncertaint￿$ relating to events or conditions that, individually or colleclively, may cast signrficant doubt on the group and parent charitable company's ability to continue as a going concern for a period of at least tsvefve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilrties of the trustees with respect to going concem are describwj in the relevant sections of this report. Other information The other information comprises the information included in the trustees annual report. other than the financial stalement5 and our auditofs report thereon. The trustees are responsible for the other information conlained wrthin the annual report. Our opinion on the financial statements does not COV8r the other information and, except to the extent otherwise explicf(ly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audil OT Otherwse appears to be materialty misstated. If we identj.fy such material inconsistencies or apparent material misstatements. we are required to detemiir¢e whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have performed. we conclude that there is a material Oocusp3n Ènb*W10." 09501093ABoA4ABf￿77F￿AslC87[ INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF BURTON AGNES HALL PRESERVATION TRUST LIMITED FOR THE YEAR ENDED 5 APRIL 2024 misstatement of this other informab'on. we are required to report that fact. We have nothing lo report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course ofthe audrt.. the infomiation given in the Trustees, Annual Report (incorporating the Directors. Report) for the financial year for which the financial slatements are prepared is consistent with the financial statements.. and the Directors, Report has been prepared in a¢¢ordance with applicable legal requiremenls. Matters on which we are required to report by exception In the light of our knowledge and understanding of the group and parenl charitable company and its environment obtained in the course of the audrt. we have not identified material misstatements in the Ttvstees Annual Report. We have nothing lo report in respect of the following matters in relation lo which the Companies Act 2006 and the Charities Act 2011 requires us to report to you rf. in our opinion.. adequate and sufficient accounting records have not been kept by the Parent Charitable Company. or returns adequate for our audit have not b*n received from branches not visited by us., or the Parent Charilable Company's financial statements are not in agreement wrth the accounting cords and retums", or certain disclosures of directors. remuneration specified by law are not made., or we have not received all the infomiation and explanations we require for our audit.. or the Trustees were not entitled to prepare the financial stalemenls in accordance with the small companies, regime and take advantage of the small companies. exemptions in preparing the directors, report and from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the Truslees. Responsibilities Statement set out on Page 5. the Trustees (who are also the directors of Ihe Charitable Company for the purwses of company lawl are responsible for the preparation of the financial stalemenls and for being satIsf￿d that they gwe a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are fr￿ from material misstatement. whether due lo fraud or error. In preparing the financial statements. the Trustees are responsible for assessing the Group's and Parenl Charitable Company's ability lo continue as a going con¢em, disclosing. as applicable, matters related to gOing'con￿rn and using the going cOn￿M basis of accounting unless the Trustees either intend to liquidate the group or the Parent Chantable Company or lo cease operations, or have no realistic atteinalive bul to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed audrtor under the Companies Act 2006 and section 151 of the Charities Act 2011 and reporl in accordance wrth those Acts. DorLtsign Envelope ID". 09so1093-AB8A4A￿77F£AslC870 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF BURTON AGNES HALL PRESERVATION TRUST LIMITED FOR THE YEAR ENDED 5 APRIL 2024 Our obj'ectives are to obtain reasonable assuran￿ about whether the finatKial statements as a whole are free from material misslatemenl. whether due lo fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assuran￿ is a high level of assurance, but is nol a guarantee that an audit conducted in accordance wtlh ISAS (UK) will a￿VayS detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually OT in the aggregate. they could reasonabty be exF*Cted to inftuence the economic decisions of users taken on the basis of these financial statements. Extent to which the audit was capable of detecting irregulaiilies. including fraud Ir￿gUlaritIes, including fraud. are instances of non-compliance with laws and regulations. In identifying and assessing risks of material misststement in respect of irregularities, including fraud and nonABBA4N8&8TIF£A51C870829C INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF BURTON AGNES HALL PRESERVATION TRUST LIMITED FOR THE YEAR ENDED 5 APRIL 2024 Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities, including those leading to a material misstalemenl in the financial statement5 or non-compliance with regulation. This risk increases the more that compliance with a law or regulats'on is removed from the events and transactions reflected in the financial statements, as we wll be less likety to become aware of instances of non-compliance. The risk is also greater regarding irregulartties occurring due to fraud rather than error. as fraud involves intentional concealmenl. forgery, collusion, omission or misrepresentation. A further description of our responsibiltties is available on the FRC'S website at.. www.frc.org.uklaudf(orsresponsibilities. This description forms part of our auditof s report. We communicate with those charged with govemance regarding. among other matters, the planned scope and timing of the audrt and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the charf(able company's members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Aci 2006 and to the charitable company's trustees, as a body, in accordance wf(h Part 4 of the Charities (Accounts and Reports) Regulalions 2008. Our audil work has been undertaken so that we might state to the charitable company's members and ils trustees those matters we are required to State to thern in an auditor's report and for no olher purpose. To the fullest extent permrtted by law. we do not accept or assume responsibilty to anyone other than the charitable company and the charitable company's members as a body and the charitable company's trustees as a body. for our audrt work. for this report, or for the opinions we have formed. Stydw. '78eEE71WSB8487."'" Mark Hunter FCA (Senior Statutory Audf(or) For and on behalf ofTC Group. Statutory Auditor 6 Queen Street Leeds West Yorkshire LS1 2TW Dale.. 28 November 2024 O(*uswJn ID: 095o109>AB8MA￿B77F4AslC87oB2 BURTON AGNES HALL PRESERVATION TRUST LIMITED CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME ANO EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 5 APRIL 2024 Totsl Unrestricted Restricted Total 2024 2023 Note Income and endowments from: Donations and legacies Charitable a¢tivities= Educational Other trading activities: Income from retail, events and catering Investments 27.050 27,050 22,844 367.441 367,441 354.196 318.601 318.601 280.864 Total income and endowments Expenditure on: Raising funds Charilable activities Educational Maintenance of Burton Agnes Hall and surroundings 377.276 377,276 353.129 268.615 268.615 340.011 171 587 JZLGIZ J9L4L8 Total expenditure Net inGomellexpenditU￿I before movement on investments 89.368 (91.474) 12,1061 (129.374) Gainslllosses) on investments 745 567 655 420 Net incomellexpenditurel 779 Net movement in funds 1779) 654.093 653,314 (132,040) Reconciliation of funds: Total funds brought forward 1 731 112 5 965 653 7 696 765 7 828 805. Total funds carried forward All income and expendrture denve from conb"nuing aCtWrt￿S. The statement of financial activities includes all gains and losses recognised during the year. The notes on pages 14 to 30 form part of these financial statements 10 OocLK8vJnÈn¥elope ID.. O95010￿ABB￿A￿77F-CAs)c870B BURTON AGNES HALL PRESERVATION TRUST LIMITED (Registered number." 1293608) CONSOLIDATED AND CHARITY BALANCE SHEET AS AT 5 APRIL 2024 Group Charity 2024 Note 2024 2023 2023 Fixed assets Tangible assets Investment properties Investments 12 12 14 1.007.406 6,232,233 9S3 662 1,030,345 5,515.900 09 1.001.647 1.028.132 6,232,233 5,515,900 963 663 1010 099 8 193 301 7 546343 8 197 543 7554 131 Current assets Stocks Debtors Cash at bank arKI in hand 15 16 38.533 111.970 43,670 94.703 223 388 15,820 20,957 109.131 78,257 227 977 215 026 459.790 361,761 352,928 314,240 Creditors: amounts falling due withln one year 303 012 211 339 127 729 100323 Net Current assets 150422 225 199 213917 Net assets 7 696 765 7 768 048 Funds Restricted funds Unrestricted funds Revaluation fund Géneral fund 19. 6,619,746 5.965,653 6,619,746 5,965,653 19 19 (81.978) 1 812 311 106,495 1624617 {81,978) 106,495 1 884 974 1695 900 Total funds 7 696 765 7 768 048 The financial statements were approved and autho by the Board on 28 November 2024. S C CunlitsLister Oliver L H Hallam The notes on pages 14 to 30 form part of these financial statements Oocusign Envehwe ID.. 09501093-A8BA4AW77F-CA51C87Q8 BURTON AGNES HALL PRESERVATION TRUST LIMITED CONSOLIDATED AND CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2024 Group Charity 2024 Note 2024 2023 2023 Cash provided by operating activliies 23 (147.935) (74,001) {226.034) (36.234) Cash flows from investing activities Purchase of tangible fixed assets Purchase of investments Disposal of tangible fixed assets (proceeds) Disposal of investments (proceeds) 15.150) (609.428) 282.184 (134.649) (133,388> (904,945) {609.428Tr (904,945} 282.184 895 530 895 530 Cash used in investing activilies 142 803 In¢reaselldecrease) in ¢ash and cash equivalents in the year 218 065 179 037 Cash and cash equivalents at the beginning of the year 223 387 215 026 394 065 Total cash and cash equivalents at the end of the year 215 026 The notes on pages 14 to 30 form part of these financial statements 13 Oocuslgn Enyelwe ID.. 0950109>ABBA4￿6£77FA88A4￿B77F-CASl¢87(b2 BURTON AGNES HALL PRESERVATION TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMEKfs {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 1.3 Incoming resources (continued) Income from the provision of charitable seThi¢es and govemment and other grants is recognised at fair value when Ihe Group has entitlemenl after any performance conditions have been met, rt is probable that the income will be received and the amount can be measured reliabty- If entitlement is not mel then these amounts are deferred. 1.4 Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. ExperKlilure is recognised where there is a legal or constructwe obligab'on to make paymen15 to third parffjes. rt is probable that the settlement will be required and the amounl of the oblKJation can IE measured reliably. It is calegorised under the following headings.. Expetyliture on raising ftJnds- a￿1 Expenditure on charitable activtlies 1.6 Support cost allocation Support costs are those that assist the work of the Charty but do not directly represent charitable activities and include Offi￿ costs, insurance. light and heat and advertising, governance costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects of Ihe Charity. Where SUFVOrt costs cannot be directy attributed to particular headings they have been allocated to Cost of raising funds a￿1 expendrture on charttable actwities on a basis consistent with use of the resources. The analysis of these costs is included in note 8. 1.6 Tangible fixed assets and depreciation Tangible fixed assets other than freehold land are staled al cost or valuats-on less accumulated depreciation and accumvlated impairment105ses. Cost includes costs directly attributable to making the asset capable of operating as inteThJed. Depreciation is provided at rates calculated to wrrte off the cost or valuation less estimated residual value of each assel over its expected usefvl lrfe. as follows: Central heating equipment Fixtures. fittings and café equipment Motor vehicles Car park Playground Equipment 10QA per annum on cost 25Yo per annum reducing balance 250h per annum on cost 2¥0 per annum on cost 5Wr• per annum on cost Depreciation has not been charged on chattels. sculptures and paintings (except as a￿Ve1 as in the opinion of the Goveming Body these assets are maintained in such a way thal no diminution in value is expected to occur and any depreciation arising would be immaterial to the accounts. The car park is categorised within Freehold Property and EThJowment Land. 14 Do￿51￿ Envd¢y ID." 0950109&ABBA4A86477F-CA51C87ce BURTON AGNES HALL PRESERVATION TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 1.7 Investment Properties Investment propety is carried at fair value. denved from the current matket pri￿$ for comparable real estate detemiined annually by the directors..The directors use observable market prices, adjusted if necessary for any differen￿ in the nature. location or condition of Ihe specific asset. Changes in fair value are recognised ￿ profit or loss. 1.8 Heritage assets Heritage assets are defined as tangible rxoperty v￿th his1(￿¢21. artistic. scientific, technological. geophysical or environmental qualities Ihat is held and maintained principalty for their contribution to knovledge and cullure. The Trustees consider that the Burton Agnes Hall and certain olher chattels, sculplures and paintings held for preservab.on lo fall wrthin this definition. Heritage assets are recognised at cost or, where donaled. al the estimated prevailing current market value at the time of donation. As permitted by SORP (FRS 102) the charity has chosen to subsequently account for heritage assets at historic cost su4.ect to depreciation and impairment. The assets are depreciated lo their estimated residual value over their estimated useful economic lives. Where the asset 15 deemed to have an indefiniie economic lrfe. the asset is not depreciated but is revEwed for impairment annually_ Certain heritage assets, including the hall itself.and other chattels. ariwork and sculptures that were donated to the charty several years ago. do not have a carrying value in the financial statements. The trustees consider that the cost of obtaining a ValUat￿n of these donated assets at the time of donation is nol justified by the limited benefit arising. Depreciation rates are given in note 1.6 atove. Expenditure that. in the Charity's view. is required to preserve or prevent further deterioration of the asset is recognised in the Statement of Financial Activib"es as tt is incurred. 1.9 Investrnents Fixed asset investments are shown in the balance sheet at market value. Realised profrt or losses on sales of investments and the difference between cost and market value of investments are shown on the statsment of financial ath"viiies for the year. 1.10 Stocks Stocks are valued at the lower of cosl or nel realisable value. after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. 1.11 Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaKI net of any trade discounts due. 1.12 Cash at bank and in hand Cash at bank and in hand includes cash and short term highly liqukd investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 15 DorAJswJn En¥ebpe ID.. 0950io93-AB8￿A￿17F-¢Aslc87OO2 BURTON AGNES HALL PRESERVATION TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED S APRIL 2024 1.13 Creditors and provisions Creditors and provisions are recognised vthen the Group has a present obligation resulting from a past event that wll Pfobabty result in the transfer of hJThJs to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Credilors and provisions are nomially recognised at their settlement amounl after allowing for any trade discounts due. 1.14 Financial Instrurnents The Group only has financial instrurnents financial liabililies of a kind that qualfy as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their sethement value. 1.15 Foreign currency translation Monetary assets and liabilitie5 denominated in foreign currencies are translaled into sterling al the rales of exchange Tuling al the balance sheel date. Transactions in foreign currencies are recorded al the rate ruling at the dale of the transaction. All differences are taken to Statement of Financial Activits"es. 1.16 Restricted funds The funds which the Board ¢onsKler to be restricted are not govemed by separate Trust deeds or agreements. The uses to which the funds are put. however. conform to the spirit of the definition of a restricted fvnd. 1.17 Endowment Property Fund Any endowrnenl propety accepted by the Trust and exempted from Capital Transfer Tax shall be applied solely to the upkeep of Burton Agnes Hall, the land used as the grounds of Burton Agnes Hall and any object ordinarily kept in Burton Agnes Hall. 1.18 Going Concern The Trustees have considered the going cOn￿M basis of preparation of the financial statements. Details on the resulls for 2023124 are given in the Report of the Governing Body. Visiior numbers. related admissions income and sales have continued to be strong since the year end. The organisation benefits from the existence of reserves invested for the long term to provide financial security and sustainabilty. The Trustees have authorised use of a proportion of these reserves to support the ¢harty's finances, if required. Having considered current activity levels and long term reserves. the Trustees have concluded that no material uncertainty in relatiorF to gThng concem exists and have prepared the financial slatemenls on a going concem basis. 16 DouJs*Jn En¥*W ID". 0950109W8A4A8ftB77F4A51C87082 BURTON AGNES HALL PRESERVATION TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED S APRIL 2024 1.19 Judgements and key sources of estimation uncertainty Estimates and judgements are continually evaluated and are based on hiStOr￿al experience and other factors, including expectations of future events that are believed to be reasonable under the Clfcumstances. Key sources of estimation uncertainty The Charity makes estimates and assumtrtions conceming the future. The resulting accounting estimates and assumptions will. by definition. seldom equal the related actual resuKs. The estimates and assumptions that have a signtficant risk of causing a malerial adjustment to the carrying arnounts of assets and liabilrties Vltythin the'nexl financial year a￿ discussed below. Usefvl econom￿ lives of tangible flled assets The annual depreciation charge for tangible ftxed assets (excluding investrnent properties) is sensitive to changes in the esknmated usefvl economic INes and residual values of the assets. The useful economic lives and residual values are rfrassessed annualty. They are amended when necessary.to reflect current estimates, based on technological advancement. future investments, economic utilisation and the physical condition of the assets. The carrying value of tangible fixed assets is £1,007.406 (2023.. £1.030.3451 and the useful economic lrfe of each category of fixed asset is set out in the accounting policies under section 1.6 above. Investment properties The carrying value of investment properties. which are required to be held at market value, are subject to 5ignrficant estimation uncertainty Sin￿ they are based on an assessment of current agricultural and property values. Note 12 sets out the assumptions used in valuing investment properties. and the year-end carrying value. Donations and legacies 2024 2023 Grfts and donations recewable All income from donations and grfts in both reporting periods was attributable to unrestricted reserves. 17 DO￿1￿ Envelope ID.. 09501093-ABBA4AB64TIF£A51C870B2 BURTON AGNES HALL PRESERVATION TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS {CONTINUED FOR THE YEAR ENDED 5 APRIL 2024 Income from charltable actlvities 2024 2023 Edvcatlonal". Hall admissions Guide book sales 366.040 353,194 All income from charitatAe activities in bolh reporting periods was attributable to unrestricted reserve5. Results from retail, events and calerlng The income generated by Burton Agnes Hall Trading Limrted from retail activrties, staging events and catering is shown below. along with the relevant costs and the associated Fxofit for the year. It is the intention of the Directors that any profrts realised by the Company will be paid to the Charitable Company by way of Gfft AKI. 2024 2023 Shop. garden and café sales Jazz and blues festival income Income Management charge received 246,961 228,301 52 563 280,864 90 000 370,864 318,601 408,601 378 274 Less.. purchases. Wage￿nd festival costs Gross wofiV(loss) 30,327 33,058 Administrative expenses 30 167 Operating proffit Inte￿$1 payable and similar charges 160 2.682 Profit for the year in Burton Agnes Hall Trading Limited Assets and liabilities-. Fixed assets Current assets Current liabilit*s 5.759 151,910 220 331 2,213 65,507 129002 Shareholders, funds {defKit) 18 D0cuyvJn En¥eW ID.. O950109>ABBA4￿￿77F.CAS1Ca7C62 BURTON AGNES HALL PRESERVATION TRUST LIMITED NOTES TO THE CONSOLIDATEO FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Results of the Pawent Charitable Company Burton Agnes Hall Preservation Trust Limited made a net loss for the year of £726 (2023.. £130,516) before gainnoss on investments and revaluab-on of investsnent properties. Inveslment income 2024 2023 Resthcted furKIs: Rent receivable 113 Unrestricted funds.. Dividends received Treasury interest received Bank deposit interest 21.988 11,736 2,022 382 179 Costs of vetail. events and catering 2024 2023 Total expenses incurred as per note 4 Less.. Eliminated on consolidation 409.981 127 222 369,722 117826 Total costs for purchases, wages. festwal costs and overheads 19 Docu5w E￿￿¢￿¢ ID.. 0950109>APBA4AB&BTIF-CA51C87c82 BURTON AGNES HALL PRESERVATION TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Analysls of expenditure Ralsing funds: Other costs Total 2024 Total 2023 Costs Costs of trading 179,496 193,263 372.759 341.896 Fund manager charges 4.517 11,233 179.496 197,780 377.276 353,129 All expenditure on raising funds in both reporb'ng periods was altributable to unrestricted reseNes. Charitable activities: Direct costs Staff Other costs costs Support costs Total 2024 Total 2023 Educational maintenan￿ of Burton Agnes Hall and surroundings 182.743 153.225 (67.353) 268.615 340,011 119.285 52.302 171.587 191 428 182,743 272.510 440.202 15.051 531439 Expenditure on charrtat4e activities was £440.202 {2023". £531.439) of which £171.587 (2023.. £296,632) was attributable to restricted funds and £268,615 {2023'. £234,807) was attributed to unrestricted funds. Support costs allocated to charitable activities Total 2024 Totsl 2023 Insurance Light and heat Advertising Governance costs Rates Motor expenses Depreciation Telephone and postage Bank charges and interest Cleaning costs Waste removal Subscriptions Profit on disposal of tangib￿ fixed assets Other indirect costs 52,302 38,896 4.221 72,503 10,714 43,496 44,177 9,286 28,292 4,804 298 15,964 517 10,934 2,745 9.177 798 26,485 313 9.831 3.053 9.073 1,779 (252,9501 Total support costs 20 DooJsignEnvebpe10.. 0950109>A88A4A8&877F-CA51C870B BURTON AGNES HALL PRESERVATION TRUST UMITEO NOTES TO THE CONSOLIDATED FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 Net inc. The Trustees did not have any expenses reimbursed during the year (2023." £Nil) 11. Slaff costs 2024 2023 Wages and salaries Pension costs Social securrty costs 341,717 4,913 292,999 3,882 308 670 No employee received remuneration of more than £60.LX)0 (2023". Nil). The average monthty number of employees during the year was as follows.. 2024 Number 2023 Number Burton Agnes Hall opening and retsil shops Gardens and maintenance 28 25 32 29 21 DorJJsi9n EnvÈk1￿Io.. 0950109>ABWAW77F4A51C87Q829C BURTON AGNES HALL PRESERVATION TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5APRIL 2024 12. Tangible fixed assets and inveslment properties Group FrÈÈhold Propèrty ar Endowrnnt Land ' Herita Plan( Equipn*nt & fithre$ Pla)yround Equ&wr*nt Total Cost or valuation At 6 Ppril 2023 &lditK)fts Dtsposals At S Pwil 2024 451,438 153, 1.343,073 5.150 5.1SJ 451.438 J64 334.4S6 153,96S 1,348,223 D•prè¢iatron At 6 Aoril 2023 char￿ for the year Eliminated on disF(Jsal S Wil 2024 57.efj2 2,184 221.891 12,125 312,728 7.698 66,128 2.184 234.015 38.490 340,817 Net book value At 5 fv4)ril 2024 385,310 406.180 100.442 11S,475 1.007.406 At 5 ￿[11 20rJ 393,576 4(6.180 107.417 123.173 1,030,345 c￿rity Freehold Property and Endowr*nt Land Heritag• a55ets Plan( Equipn*nt & r￿t￿re3 Plasground Equipn*nt Tolal Cost tyr valuation At 6 2023 A(klitK)ns Disposals 451.438 2￿.423 153, 1.270.1SKJ S P¥ril 2024 4S1.438 408 J64 256.423 . 1S3,965 1.270.190 Depreciation At 6 April 2023 Charge for ye Eliminated on disposal At 5 April 2024 57. 2.184 151.220 10.521 30,792 7,698 242.058 26,485 66.128 2,184 38,490 268.543 Nèt book value t 5 Ppril 2024 385,310 406,180 682 115,475 1.001,647 At 5 ￿ri12023 393.576 4C6.180 1(6.204 123.173 1,028,132 22 OoNs4n En￿*￿pe ID." 095o1Q9>AB&44h￿77F￿A51C8708 BURTON AGNES HALL PRESERVATION TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 12.. Tangible fixed assets (continued) Investment propertie5 Revaluation as at 6VI April 2023 Additions Revaluation during the year Disposals at cost Revaluation as at 5th April 2024 5,515,900 745.567 6 232 233 Investrnent properl*s prinupalty comprise tenanled familand from which the charity earns rental income, as well as a small number of residenb.al properties. The Direclors. estimate of the fair value of the inveslmenl properties is £6,232.233 (2023.. £5.515.900). Tenanted famlarKI has been valued using estimates of current values per acre. Residents"al properties have been valued using an estimate of the resale value of similar local properties. where available. Factors impacting the estimate of fair value include macro-economic factors relating to farming, local and regional variances and changes in residential house prices. In the opinion of Ihe Directors, the estimate of fair value is reasonable, and no professional valuation has been commissioned. The investment properties are categorised as endowed restricted funds, forming part of the original estale lands that were donated to the charity. 13. Heritage Assets Herrtage assets presented in note 12 comprise: The Burton Agnes Hall {"the Hall").. The Hall has no carrying value in the financial ststements reflecting the estimated nil value of the properties donated to the charrty at the date of donation. The Hall and ￿rtain olher associated buildings within the grounds of the Hall. some of which are categorised within fixed assets as freehold pro￿rtIeS. have a current combined insured repl2￿ment cost value of approximatety £35m. Various chattels, sculptures and paintings owned by the Charty and displayed within the Hall." These assels have been acquired by the Charty over a number of years and have a current carrying value in the financial statements of £406,180. These assets were originally recognised in the Charity's financial statements al cost or. where donated. at estimated market value at Ihe date of donation. Subsequently the asset5 have been accounted for using a hisloflc Cost rnethod subject lo depreciation and impairment_ In the view of the Trustees all chattels, sculptures and paintings are carefully maintained and have an indefinite useful economic lrfe and accordingty no depreciation has been applied in the cuirent year. This basis is reviewed annually by the Truslees as part of an annual impairment review. Further details regarding the accounting I￿*ment of herflage assets are provided in the accounting policies. Flve year summary There have been no material movements recorded in herrtage asset categories within the past five years. 23 chJoJsvJn Envek)pe10". 0950109>ABBMAB&B77F£A51C87ce BURTON AGNES HALL PRESERVATION TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENfs (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 14. Flxed asset investments Managed Funds Gllts 2024 2023 Group Equities Listed investments at market value At 6 April 2023 Additions Disposals Reorganisation {12104123) Revaluation 432.145 461.942 106.012 1.000.098 995,667 1.283 608,145 609.428 904,945 (188.048) (274,755) 1462.8031 1828.496) 152.318) 1 $8.330 (106,012) Balance at 5 April 2024 953 662 953 662 1000 098 Historical cost al 5 April 2024 1 043 871 1 043 871 897 246 All investments are FEld for charrtable purposes. At 5 April 2024 cash deposits held by the investment manager tolalled £1 {2023'. £47.144) and are included within cash held on deposit in the balance sheet. Included in the above Fy)rtfolio the fonowing ￿VeStrnentS CoMpr￿e 5% or more of the portfolio's market value al 5 April 2024. 2024 2023 Ruffer Liquid Mults Strategies FurKI 2015 Limited Charity Assets Trust C Inc Ruffer Protection Strategies Intern*ional Windsor Tree Brent Crude Oil Ruffer SICAV Fixed Income Z GBP Distribution 87,819 9S3,662 75.049 74,789 299 072 536 729 Charity Listed investments at market value Investment in subsidiary company at cost 953.662 1.000.098 1010099 The company owns 100% of the shares in Burton Agnes Hall Trading Limited (company number. 6633139). a company incorporated in the United Kingdom. The principal aclivty of this entity is the retail sale of gffts. plants and farm produce, the operatTron of a café and the staging of a jazz and blues festwal_ The results are summarised in note 4 to the financial statements. 24 DO¢us￿n Envel)pe10". O9501LI￿ABsA4AB6￿77F£AS1c8?OB BURTON AGNES HALL PRESERVATION TRUST UMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMEPff S {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 15. Stocks Group 2023 Charity 2024 2023 2024 Guide books Goods for resale 6,820 11.957 6,820 000 11.957 The amount of stock recognised as an expense in the period is £123.167 {2023'. £128.836). 16. Debtors Group 2023 Charity 2024 2023 2024 Trade deblors Amount owed by subsidiary company Prepayments and accrued income other debtors 43.258 36,191 43.258 35,820 56,426 57,058 54,038 42,399 38 94 703 ￿ 78 257 The charity charges interest on loans to the subsidiary company. 17. Credltors: amounts falling due wlthin one year Group 2023 Charity 2024 2023 2024 Trade creditors Taxation and social securty Amounts owed to subsidiary company Amounts owed to related undertakings (note 22) Accruals and deferred income 38.641 54.186 11.288 4.837 28,530 8,604 45,048 36,488 4,837 17,986 170.000 75,000 83 083 77 316 303012 211339 100 323 25 D¢xusign En¥th?￿ 10.. 0>50109>A8U4A￿877F-CASlc87C8 BURTON AGNES HALL PRESERVATION TRUST LIMITED NOTES TO THE CQNSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 18. Deferred in¢ome Deferred income within the Charty comprises of annual Hall and Gardens membership, which is re￿i￿ed up front. Wrthin the trading company the deferred income relates to grant and ticket income re￿ived tn advance. Group Charliy Balance as at 6 April 2023 Amount released to other trading activities Amount released to Charitable activrties Amount deferred in the year 50.161 (32,571) (17.590) (17.590) 17,590 Balance as at S April 2024 19. Statoment of Group Funds At 6 Aprll 2023 Nel {loss) gain Income Expendlture on Investrnents At S April 2024 General reserve Revaluation fund 1,624.617 735.259 106 495 (645.891) 98.326 188473 1.812.311 Total unrestricted fvnds Restricted fund 1.731.112 735,259 5 965 653 (645.891) {90.147) 171 587 745 567 1,730,333 6 619 746 Total funds 7 696 765 815 372 817 478 655 420 8 350 079 Analysis of group net assets between funds Unreslricted Restricted Funds Funds Total Funds Fund balances at 5 April 2024 are reFfesented by." Tangible fixed assets and in¥eslment propwlies Investments Net current assets 591.280 653,662 6.648.359 7.239,639 300.000 953,662 328 613 Total net assets 26 Dow8lgn En%*h)pe10'. 0950109>AB&44AB6477F£A51C87rB BURTON AGNES HALL PRESERVATION TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED S APRIL 2024 19. Statement of Group Funds (Continued) Statement of Charity Funds At 6 April 2023 Net (loss) gain Income Expendilure on Investments At 5 April 2024 General reserve Revaluation fund 1.695,900 533.993 106 495 (443.245) 98.326 188473 1.900,632 Total unreslri¢ted funds Restricted fund 1,802,395 533,993 5 965 653 (443.245) 171 587 190. 147) 1,802.996 6619 746 Total fur¥Js 7 768 048 614 106 614 832 655 420 8 422 742 Analysis of Charity net assets between funds Unrestricted Restricted Funds Funds Total Funds Fund balances at S Apfil 2024 are represented by.. Tarkgible fixed assets and investmer¢t Wo￿lIeS Investments Net current assets 585.521 663.663 6,648,359 7,233,880 300,01)0 963,663 328 613 .225 199 Total net assets Purpose of restricted funds The fund represents endowed trust property and the balance of unexpended income generated by that property. Revaluation fund The revaluation fund is required by the Companies Act 2006 and SORP FRS 102 and rewesents the amount by which investments exceed their historic cost. 20. Members guarantee The company is limited by a guarantee not exceeding £1 per meml*r. The number of members as at 5 April 2024 was 9 aThJ the total of such guarantees amounled to £9. 21. Taxation The company is a registered charity and is not liaUe to United Kingdom income lax or corporalion tax on charitable activities. 27 OocLsiqn Erwdope ￿.. 098Q109>￿￿￿7IF-C￿sIc87OB2 BURTON AGNES HALL PRESERVATION TRUST UMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMEKfs ICONTINUEDI FOR THE YEAR ENDED 5 APRIL 2024 22. Transactions with Trustees and connected persons Mr S C Cunlrffe-Lister and Mrs O G CunliffevLister are directors of The Burton Agnes Stud Company Limited. Included in creditors falling due wilhin one year (Note 17) is £170.000 (2023.. £75,000} owed to the Stud Company. These amounts were all recorded at cost. and a debtor for £170,000 are recorded in the financial statements of the Stud Company. During the year the charity rewved ￿nts1 income from The Burton Agnes Stud Company Limited of£10.824 (2023. £10,824). 23. Reconciliation of net movement in funds to net cash flow from operatlng activities Group 2023 Charity 2024 2023 2024 Net movement in fvrKIs Add back depreciation charge Less Profil on disposal of tangible assets Less Profit on disposal of investments Decreasel{Increase) ir¢ stock Decreasel{In¢rease) in debtors (Decrease)Ilncrease in creditors Unrealised lossl(gatnl on inveslment properties Unrealised lossl{gain} on investments 653.314 (132.040) 654,694 (133.182) 28.089 18.863 26,485 15.964 {252.950) (252,9SO) 198,838) (67.034> {98.838) (67,034) 5.137 {2.928) 5.137 {24) (17.267) {12.7331 (30,874) 32.258 91.673 49,854 27,406 43,767 1745,567) {745,567) 188 473 72 018 Net cash provided by operating activities 226 034 28 Docusi￿7 Erwdope ID.. 0950109>ABBA4A8frBTh-CASIC870829C BURTON AGNES HALL PRESERVATION TRUST LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2024 24. Flnanclal Instruments Group 2023 Charlty 2024 2023 2024 Flnancial Assets Measured at fair value thmugh net Incom￿{expenditurej." Investments (note 14) 953 662 1 000 098 963 663 1010 099 1 ￿0 098 2fiLGfiI 1010 099 Items of income. expense. gains and losses Group The total income from investments hehj at fair value amounted to £22,167 (2023.. £14.140). In addition, there was a net loss of £90.147 {2023= £2.666) recogni5ed in olhei gains and Ios5e5 in respect of the investrnents held at fair value. Charity The total interest income for debt instruments.not measured at fair value through net incomel(expendrtUTe) is £1,$4012023'. £1.540)- The total income from investments held at fair value amounted to £22.167 (2023: £14.140}. In addits'on. there was a nel loss of £90.147 (2023.. £2.666} recognised in other gains and losses in resped of the investments held at fair value. 29