Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 **BURTON AGNES HALL PRESERVATION TRUST LIMITED (a company limited by guarantee)** **REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 5 APRIL 2025** **(Company registration number 1293608)** **(Charity number 272796)** Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025** ||**Page**| |---|---| |**Report of the Governing Body**|**1 – 6**| |**Independent auditor’s report**|**7 – 10**| |**Consolidated Statement of Financial Activities**|**11**| |**Consolidated and Charity Balance Sheet**|**12**| |**Consolidated and Charity Statement of Cash Flows**|**13**| |**Notes to the financial statements**|**14 – 29**| Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 5 APRIL 2025** The chairman has pleasure in presenting the thirty seventh annual report with the audited financial statements for the year ended 5 April 2025. ## **REFERENCE AND ADMINISTRATIVE INFORMATION Members of the Governing Body** The members of the Governing Body (who are also Trustees of the Charitable Company) who served during the year were: The Hon Mrs E Susan Cunliffe-Lister Simon C Cunliffe-Lister Sir Nicholas Brooksbank Councillor Chris J Matthews Olivia Cunliffe-Lister James Willoughby Georgie Pridden Oliver Hallam Tristan Haddow ## **Secretary Registered office** S C Cunliffe-Lister The Estate Office Burton Agnes Hall Driffield Y025 4NB **Company number** 01293608 **Charity registered number** 272796 **Auditors** TC Group 6 Queen Street Leeds LS1 2TW ## **Bankers** ## **Solicitors** ## **Investment Managers** Barclays Bank plc PO Box 206 Barclays House 10 Market Place Hull HU12 ORB Wrigleys Solicitors LLP 19 Cookridge Street Leeds LS2 3AG Ruffer LLP 80 Victoria Street London SW1E 5JL 1 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 5 APRIL 2025** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Legal and administrative details** Burton Agnes Hall Preservation Trust is a company limited by guarantee and is a registered charity. There are currently nine members of the Trust who guarantee £1 each. The Articles of Association contain no provision for retirement by rotation and all members of the Governing Body therefore continue in office. 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 advancement of historic and aesthetic education. For the purpose of carrying out that general objective, the primary objectives of the Trust are in particular: - To preserve, as national monuments, buildings of historic or architectural or artistic interest and importance and to protect and improve the amenities of such buildings and their surroundings. - To preserve for the benefit of the nation and as an adjunct to any such buildings as aforesaid furniture, pictures and other chattels of national historic or artistic 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 public. ## **The Charity’s strategy to achieve the objectives** The strategies employed to achieve the Charity’s objectives are to promote and encourage access to and the study and appreciation of Burton Agnes Hall, its contents and surroundings by the general public, by looking for creative ways of attracting visitors to the Hall and gardens and ensuring that more children and young people are encouraged to visit through school visits and other targeted activities. ## **The main activities undertaken to achieve the objectives** The Trust’s main activities undertaken to achieve its objectives are: - Opening Burton Agnes Hall and grounds to the general public - Promoting Burton Agnes Hall as a destination for school parties, individual visitors and group parties through distributing leaflets, press adverts and direct mailing - Providing information and employing guides to further the historic and aesthetic education of visitors to Burton Agnes Hall - Maintaining and improving the structure and contents of the Hall ## **Achievements in relation to objectives set** ## **Visitor numbers** Burton Agnes Hall and Gardens were open to visitors daily from 23[rd] March until 31st October 2024. The Hall also opened daily for Christmas between 16[th] November and 23[rd] December 2024. The Hall opened again daily on Tuesday 1[st] April 2025. In addition to these dates, the gardens, shops and cafe were open daily from 1[st] to 23[rd] February 2025 for the woodland snowdrops. 2 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 5 APRIL 2025** **Table 1: Visitor numbers** **----- Start of picture text -----**
23 [rd] March Change 1 [st] April
2024 to from 2023 to
31 [st] March previous 31 [st] March
2025 12 2024
months
(%)
Normal opening days April to October 27,798 1 27,409
Educational group visits 1221 23 994
Group visitors 1,100 0 1,100
Visitors on special event days* 6,989 10 6,343
Christmas opening 5,868 -5 6,168
Snowdrop opening 4,975 24 4,006
Total 47,951 4 46,020
**----- End of picture text -----**
*Attendance at special event days: - 501 visitors to the Car Rally on 11[th] May 2024 (previous year: 466) - 1,312 visitors to the Gardeners’ Fair on 7-8 June 2024 (previous year: 1,488) - 557 visitors to the Jazz Festival on 11[th] to 13[th] July 2024 (previous year: 641) - 1,247 visitors to the Autumn Fair on 4[th] and 5[th] October 2024 (previous year: 1,597) ## **Concessions** The Trust granted concessionary access to the Hall in the following ways: - Children between four and sixteen were charged a reduced admission - Children under four were admitted free of charge - A family ticket was offered to reduce the admission charge for couples with two or more children - Carers of disabled visitors were allowed in free ## **Maintenance, restoration and conservation work (Including capitalised costs re Carriage House)** Works of note |Work done on properties (Capitalised – mainly Jupiter)
Installation of Air Source heat pumps (various properties-Capitalised)
Installation of Gozney Napoli gas burning oven (Capitalised)
Installation of Gelato Cabinet (Capitalised)
**Total included in asset additions**
G J Building and Roofing
Amazon Electrical Services
D Cooper (Blacksmith works)
SS Systems (Alarms)
Various Joinery word (PT Woodcraft, Chadwick Joinery)
E & S Gott (French Polishing)
**Total included in repairs (not capitalised)**|£1,103,861
£ 121,344
£ 16,116
£ 8,763
**£1,250,084**
£ 14,556
£ 4,062
£ 4,400
£ 3,136
£ 15,468
£ 5,886
**£ 47,508**| |---|---| ## **How this relates to the accounts** Total incoming resources for 2024/25 have been £762,332 (2023/24: £815,372). Income from charitable activities incorporating the Hall opening and associated retail, events and trading activities has fallen to £620,575 (2024: £686,042). 3 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 5 APRIL 2025** Jazz Festival ticket income in 2025 totalled £66,778 (2024 - £ 71,640) of which expenditure incurred totalled £55,153 (2024 - £55,041), leaving a profit of £11,625 (2024 - £16,599). Income from donations, legacies and grants increased from £27,050 to £38,498. Investment income remained relatively stable at £103,259 (2024: £102,280). The main source of income is rents from farmland and cottages of £80,467 (2024: £80,113) and income from investments in the form of dividends and treasury interest of £22,792 (2024: £22,167). Total income from gains and losses on investments was a net gain of £2,533 (2024 – Loss of £90,147) of which £36,907 (2024 – Gains of £98,326) was from realised losses on the investment portfolio and forward contracts. There was, however, an unrealised gain on the investment portfolio of £39,440 (2024 - £188,473 unrealised loss). Costs of raising funds and opening and preserving the Hall and grounds have fallen to £785,682 (2024: £817,478). Significant areas of cost are: - Staff costs of £397,354 (2024: £362,239) - Café and Shop purchases of £81,868 (2024 - £123,167) - Cost relating to events (other than Jazz Festival) of £43,509 (2024 - £23,854) - Repairs of £55,495 (2024: £95,604) - Upkeep of Gardens and cottage of £44,275 (2024: £149,604) - Insurance of £66,365 (2024: £53,302) - Light and heat of £5,052 (2024: £42,291) - Legal and professional of £54,218 (2024: £76,761) - Marketing of £5,240 (2024: £4,221) - General costs (including cleaning and waste of £20,904 (2024: £15,182) ## **Recruitment and appointment of Trustees** The Trustees have professional and/or commercial backgrounds with a range of complementary skills that are appropriate for the activities of the Trust. In the event of a particular skill being lost due to retirement, individuals are approached to offer themselves for appointment as Trustees. ## **Trustee induction and training** Most Trustees are familiar with the practical work of the Trust prior to appointment. Additionally, new Trustees are invited and encouraged to meet with the senior management team and fellow Trustees to familiarise themselves with the work and structure of the Charity and obligations of the Trustees. New Trustees are provided with 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 Charity Trustee (CC3a – The Essential Trustee: An introduction) and the Charity Commission’s guidance “Charities and Public Benefit: Summary Guidance for Charity Trustees”. ## **Details of organisational structure and how decisions are made** Strategic decisions are taken by the Governing Body, advised by management, which meets formally at least twice a year. In the intervening period, individually or collectively, the Trustees will be involved in decision making and/or advising management as necessary. ## **Public Benefit** We confirm that we have referred to the information contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives and planning future activities. 4 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 5 APRIL 2025** ## **Risk management and investment policy** The Trustees have examined the major strategic, business and operational risks, which the Charity 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. ## **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 / or significant drop in income levels. The Trustees consider that the current level of general reserves meets the requirements of this policy. As at 5 April 2025, consolidated free reserves amounted to £801,429 (2024 - £485,391) after excluding amounts invested in fixed assets and the charity’s investment portfolio, as detailed in note 19. The investment portfolio is held to generate funds to support the charitable activities of the organisation. ## **Statement of Trustees’ Responsibilities** The Trustees (who form the Governing Body of Burton Agnes Hall Preservation Trust Limited and are also directors of the Charitable Company for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted 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, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP 2019 (FRS 102); - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charitable Company will continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charitable Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charitable Company and hence for taking reasonable 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 auditor is unaware; and - the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. 5 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED REPORT OF THE GOVERNING BODY FOR THE YEAR ENDED 5 APRIL 2025** ## **Auditors** TC Group has indicated its willingness to continue in office. This report has been prepared in accordance with the provisions applicable to charitable companies entitled to the small companies exemption and the exemption from preparing a strategic report. 28/11/2025 By order of the Board on the ..…………………………… ………………………………. S C Cunliffe-Lister **Member of Governing Body** 6 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF BURTON AGNES HALL PRESERVATION TRUST LIMITED FOR THE YEAR ENDED 5 APRIL 2025** ## **Opinion** We have audited the financial 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 Activities (Including Income and Expenditure Account), the Consolidated and Charity 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 United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the group’s and parent charitable company’s affairs as at 5 April 2025, and of the group’s incoming resources and application of resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act 2011 ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and 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 charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described 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 statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine 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 7 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF BURTON AGNES HALL PRESERVATION TRUST LIMITED FOR THE YEAR ENDED 5 APRIL 2025** misstatement of this other information, we are required to report that fact. We have nothing to 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 of the audit: - the information given in the Trustees’ Annual Report (incorporating the Directors’ Report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the Directors’ Report has been prepared in accordance with applicable legal requirements. ## **Matters on which we are required to report by exception** In the light of our knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees Annual Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Act 2011 requires us to report to you if, 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 been received from branches not visited by us; or - the Parent Charitable Company’s financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors’ remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the Trustees were not entitled to prepare the financial statements 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 Trustees’ Responsibilities Statement set out on Page 5, the Trustees (who are also the directors of the Charitable Company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Group’s and Parent Charitable Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the group or the Parent Charitable Company or to cease operations, or have no realistic alternative but to do so. ## **Auditor’s responsibilities for the audit of the financial statements** We have been appointed auditor under the Companies Act 2006 and section 151 of the Charities Act 2011 and report in accordance with those Acts. 8 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF BURTON AGNES HALL PRESERVATION TRUST LIMITED FOR THE YEAR ENDED 5 APRIL 2025** Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. _Extent to which the audit was capable of detecting irregularities, including fraud_ Irregularities, including fraud, are instances of non-compliance with laws and regulations. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following: - enquiring of the directors on procedures relating to their processes for identifying, evaluating and complying with laws and regulations and for detecting and responding to the risks of fraud; - obtaining an understanding of the legal and regulatory frameworks applicable to the entity. The most significant considerations identified were the Companies Act 2006, corporation tax and employment tax legislation; and - discussing among the engagement team how and where fraud might occur in the financial statements and any potential indicators of fraud. As part of this discussion, we identified potential for fraud in the following areas: - management override of controls; and - revenue recognition. We designed and executed procedures in line with our responsibilities to detect material misstatements in respect of irregularities, including fraud. These procedures, together with the extent to which they are capable of detecting irregularities, including fraud, are detailed below: - We made enquiries of management and reviewed correspondence with the relevant authorities to identify any irregularities or instances of non-compliance with laws and regulations and to identify any irregularities or instances of fraud; - We tested the appropriateness of a sample of accounting journals; - We reviewed the Company’s accounting policies for non-compliance with relevant accounting standards; - We considered significant accounting estimates for evidence of misstatement; and - We considered the appropriateness of the revenue recognition policies. We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. Our audit procedures were designed to respond to risks of material misstatement in the financial statements. There are inherent limitations in the audit procedures performed not least due to the following: - the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting a material misstatement resulting from error, as fraud may involve deliberate concealment; and - the further removed the non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it. 9 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF BURTON AGNES HALL PRESERVATION TRUST LIMITED FOR THE YEAR ENDED 5 APRIL 2025** 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 misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities is available on the FRC's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit 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 charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charitable company’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company’s members and its trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility 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 audit work, for this report, or for the opinions we have formed. ……………………………….. Mark Hunter FCA (Senior Statutory Auditor) For and on behalf of TC Group, Statutory Auditor 6 Queen Street Leeds West Yorkshire LS1 2TW Date: 10/12/2025 10 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED** ## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 5 APRIL 2025** |**Total**
**Unrestricted**
**Restricted**

Note
**£**
**£**
**Income and endowments from:**
**Donations and legacies**
2
**38,498**
**-**
**Charitable activities:**
Educational
3
**350,951**
**-**
**Other trading activities:**
Income from retail, events and
catering
4
**269,624**
**-**
**Investments**
6
**22,792**
**80,467**
**Total income and endowments**
**681,865**
**80,467**
**Expenditure on:**
**Raising funds**
8
**339,594**
**-**
Charitable activities
Educational
8
**305,094**
**-**
Maintenance of Burton Agnes Hall
and surroundings
8
**-** **140,994**

**Total expenditure**
**644,688**
**140,994**
**Net income/(expenditure)**
**before movement on investments**
**37,177**
**(60,527)**
**Gains/(losses) on investments**
**2,533 (10,616)**
**Net income/(expenditure)**
**39,710**
**(71,143)**
**Net movement in funds**
**39,710**
**(71,143)**
**Reconciliation of funds:**
Total funds brought forward
**1,730,333**
**6,619,746**
**Total funds carried forward**
**1,770,043**
**6,548,603**|Total
**2025**

**£**
**38,498**
**350,951**
**269,624**
**103,259**
**762,332**
**339,594**
**305,094**
**140,994**
**785,682**
**(23,350)**
**(8,083)**
**(31,433)**
**(31,433)**
**8,350,079**
**8,318,646**|2024

£
27,050
367,441
318,601
102,280
815,372
377,276
268,615
171,587
817,478
(2,106)
655,420
653,314
653,314
7,696,765
8,350,079| |---|---|---| All income and expenditure derive from continuing activities. 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 11 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED** _(Registered number: 1293608)_ **CONSOLIDATED AND CHARITY BALANCE SHEET AS AT 5 APRIL 2025** |
Note
**Fixed assets**
Tangible assets
12
Investment properties
12
Investments
14

**Current assets**
Stocks
15
Debtors
16
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
17
**Net current (Liabilities)/assets**
**Net assets**
**Funds**
Restricted funds
19
Unrestricted funds
Revaluation fund
19
General fund
19
**Total funds**
|

|**Group**
**2025**
2024
**£**
£
**2,213,463**
1,007,406
**6,220,983**
6,232,233
**575,138**953,662
**9,009,584**
8,193,301
**35,722**
38,533
**89,444**
111,970
**12,887**
309,287

**138,053**
459,790
**(828,992)**
(303,012)
**(690,939)**
156,778
**8,318,645**
8,350,079
**6,548,603**
6,619,746
**(42,538)**
(81,978)
**1,812,581**
1,812,311
**8,318,646**
8,350,079|**Charity**
**2025**
2024
**£**
£
**2,209,343**1,001,647
**6,220,983**6,232,233
**585,139**963,663
**9,015,465**8,197,543
**14,848**
15,820
**82,062**
109,131
**10,402 **227,977
**107,312**
352,928
**(725,253)**(127,729)
**(617,941)**225,199
**8,397,524**8,422,742
**6,548,603**6,619,746
**(42,538)**
(81,978)
**1,891,459**1,884,974
**8,397,524**8,422,742| |---|---|---|---| |||

|| ||
||| 28/11/2025 The financial statements were approved and authorised for issue by the Board on……………………… S C Cunliffe-Lister ………………………. Oliver L H Hallam ………………………. The notes on pages 14 to 30 form part of these financial statements 12 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED** ## **CONSOLIDATED AND CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 5 APRIL 2025** ||||**Group**|**Charity**|**Charity**| |---|---|---|---|---|---| ||Note|
**2025**|2024|**2025**|2024| |||**£**|£|**£**|£| |**Cash provided by operating activities**|23|**458,952**|(147,935)|**537,777**|(226,034)| |**Cash flows from investing activities**|||||| |Purchase of tangible fixed assets
||**(1,250,832)**|(5,150)|**(1,250,832)**|-| |Purchase of investments
||-|(609,428)|**-**|(609,428)| |Disposal of tangible fixed assets (proceeds)||**114,470**|282,184|**114,470**|282,184| |Disposal of investments (proceeds)
||**381,011**|566,230|**381,011**|566,230| |**Cash used in investing activities**
||**(755,351)**|233,835|**(755,351)**|238,985| |**Increase/(decrease) in cash**|||||| |**and cash equivalents in the year**||**(296,400)**|
85,900|**(217,575)**|12,951| |Cash and cash equivalents at the|||||| |beginning of the year||**309,287**|223,387|**227,977**|215,026| |**Total cash and cash equivalents**|||||| |**at the end of the year**||**12,887**|309,287|**10,402**|227,977| The notes on pages 14 to 30 form part of these financial statements 13 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED** ## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025** ## **1. Accounting policies** ## **1.1 General information and basis of preparation** Burton Agnes Hall Preservation Trust Limited is a company limited by guarantee registered in the United Kingdom. The nature of the Group’s and Charity’s operations and principal activities are set out in the Report of the Governing Body. ## (a) **Basis of preparation** The Charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Charities SORP (FRS 102): the Financial Reporting Standard applicable in the UK and Republic of Ireland, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice. The financial statements are prepared on the going concern basis under the historical cost convention, as modified by the inclusion of fixed asset investments at market value. The financial statements are prepared in sterling, which is the functional currency of the Charity, and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. ## **1.2 Group financial statements** These financial statements consolidate the results of the Charitable Company and its wholly – owned subsidiary, Burton Agnes Hall Trading Limited. Under section 408 of the Companies Act 2006 the Charitable Company is exempt from the requirement to present its own income and expenditure account or statement of financial activities. The results of the Charitable Company’s subsidiary undertaking are summarised in note 4 to the financial statements. ## **1.3 Incoming resources** All incoming resources are included in the Statement of Financial Activities (SoFA) when the Group is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Incoming resources represents income receivable in the period, comprising admissions, donations, retail sales and catering income along with other income arising from the charity’s principal activities. Income from commercial activities is recognised as it is earned. Investment income and income tax recovered on gift aid donations is recognised on a receivable basis. Donations and legacy income is recognised where there is entitlement, receipt is probable and the amount can be measured with sufficient reliability. 14 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED** ## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025** ## **1.3 Incoming resources (continued)** Income from the provision of charitable services and government and other grants is recognised at fair value when the Group has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met 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. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: - Expenditure on raising funds; and - Expenditure on charitable activities ## **1.5 Support cost allocation** Support costs are those that assist the work of the Charity but do not directly represent charitable activities and include office 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 the Charity. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities 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 stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows: Central heating equipment 10% per annum on cost Fixtures, fittings and café equipment 25% per annum reducing balance Motor vehicles 25% per annum on cost Car park 2% per annum on cost Playground Equipment 5% per annum on cost Depreciation has not been charged on chattels, sculptures and paintings (except as above) as in the opinion of the Governing Body these assets are maintained in such a way that 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 Endowment Land. 15 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED** ## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025** ## **1.7 Investment Properties** Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss. ## **1.8 Heritage assets** Heritage assets are defined as tangible property with historical, artistic, scientific, technological, geophysical or environmental qualities that is held and maintained principally for their contribution to knowledge and culture. The Trustees consider that the Burton Agnes Hall and certain other chattels, sculptures and paintings held for preservation to fall within this definition. Heritage assets are recognised at cost or, where donated, at 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 subject to depreciation and impairment. The assets are depreciated to their estimated residual value over their estimated useful economic lives. Where the asset is deemed to have an indefinite economic life, the asset is not depreciated but is reviewed for impairment annually. Certain heritage assets, including the hall itself and other chattels, artwork and sculptures that were donated to the charity several years ago, do not have a carrying value in the financial statements. The trustees consider that the cost of obtaining a valuation of these donated assets at the time of donation is not justified by the limited benefit arising. Depreciation rates are given in note 1.6 above. 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 Activities as it is incurred. ## **1.9 Investments** Fixed asset investments are shown in the balance sheet at market value. Realised profit or losses on sales of investments and the difference between cost and market value of investments are shown on the statement of financial activities for the year. ## **1.10 Stocks** Stocks are valued at the lower of cost or net 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 prepaid 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 liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 16 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED** ## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025** ## **1.13 Creditors and provisions** Creditors and provisions are recognised when the Group has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **1.14 Financial Instruments** The Group only has financial instruments and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. ## **1.15 Foreign currency translation** Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to Statement of Financial Activities. ## **1.16 Restricted funds** The funds which the Board consider to be restricted are not governed 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 fund. ## **1.17 Endowment Property Fund** Any endowment property 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 concern basis of preparation of the financial statements. Details on the results for 2024/25 are given in the Report of the Governing Body. Visitor 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 sustainability. The Trustees have authorised use of a proportion of these reserves to support the charity’s finances, if required. Having considered current activity levels and long term reserves, the Trustees have concluded that no material uncertainty in relation to going concern exists and have prepared the financial statements on a going concern basis. 17 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED** ## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025** ## **1.19 Judgements and key sources of estimation uncertainty** Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. ## _**Key sources of estimation uncertainty**_ The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below. ## _Useful economic lives of tangible fixed assets_ The annual depreciation charge for tangible fixed assets (excluding investment properties) is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. 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 £2,213,463 (2024: £1,007,406) and the useful economic life 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 significant estimation uncertainty since 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. ## **2. Donations and legacies** |Gifts and donations receivable|**2025**
**£**
**38,498**
**38,498**
|2024
£
27,050
27,050| |---|---|---| All income from donations and gifts in both reporting periods was attributable to unrestricted reserves. 18 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED** ## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025** ## **3. Income from charitable activities** |**Educational:**
Hall admissions
Guide book sales|**2025**
2024
**£**
£
**350,133**
366,040
**818**
1,401
**350,951**
367,441| |---|---| All income from charitable activities in both reporting periods was attributable to unrestricted reserves. ## **4. Results from retail, events and catering** The income generated by Burton Agnes Hall Trading Limited from retail activities, staging events and catering is shown below, along with the relevant costs and the associated profit for the year. It is the intention of the Directors that any profits realised by the Company will be paid to the Charitable Company by way of Gift Aid. |Shop, garden and café sales
Jazz and blues festival income
Income
Management charge received

Less: purchases, wages and festival costs

Gross profit/(loss)
Administrative expenses
Operating (loss) / profit
Interest payable and similar charges

Loss for the year in Burton Agnes Hall Trading Limited
Assets and liabilities:
Fixed assets
Current assets
Current liabilities

Shareholders’ funds (deficit)
|**2025**
2024
**£**
£
**202,846**
246,961
**66,778**
71,640
**269,624**
318,601
**90,000**
90,000
**359,624**
408,601
**(340,091)**(378,274)
**19,533**
**30,327**
**(24,209)**
(30,167)
**(4,676)**
160
**(1,540)**
(1,540)
**(6,216)** (1,380)
**4,120**
5,759
**92,443**
151,910
**(165,441)**(220,331)
(**68,878)**
( 62,662)| |---|---| 19 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED** ## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025** ## **5. Results of the Parent Charitable Company** Burton Agnes Hall Preservation Trust Limited made a net loss for the year of £2,134 (2024: £726) before gain/loss on investments and revaluation of investment properties. ## **6. Investment income** |Restricted funds:
Rent receivable
Unrestricted funds:
Dividends received
Bank deposit interest


**Costs of retail, events and catering**
Total expenses incurred as per note 4
Less: Eliminated on consolidation
Total costs for purchases, wages, festival costs and overheads|**2025**
2024
**£**
£
**80,467**
80,113
**22,792**
21,988
**-**
179
**22,792**22,167
**103,259**
102,280
**2025**
2024
**£**
£
**365,840**
409,981
**(113,446)**(127,222)
**252,394**
282,759| |---|---| ||| ## **7. Costs of retail, events and catering** 20 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED** ## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025** ## **8. Analysis of expenditure** ## **Raising funds:** |Costs of trading
Fund manager charges|**Staff**
**costs**
**£**
**Other**
**costs**
**£**
**Total**
**2025**
**£**
Total
2024
£
**192,111**
**150,283**
**342,394**
372,759
**-**
**(2,800)**
**(2,800)**
4,517
**192,111**
**147,483**
**339,594**
377,276| |---|---| All expenditure on raising funds in both reporting periods was attributable to unrestricted reserves. ## **Charitable activities:** |Educational
Maintenance of Burton Agnes
Hall and surroundings|**Direct costs**
**Staff**
**costs**
**£**
**Other**
**costs**
**£**
**Support**
**costs**
**£**
**Total**
**2025**
**£**
Total
2024
£
**205,243**
**68,309**
**31,542**
**305,094**
268,615
**-**
**74,629**
**66,365**
**140,994**
171,587
**205,243**
**142,938**
**97,907**
**446,088**
440,202| |---|---| Expenditure on charitable activities was £446,088 (2024: £440,202) of which £140,994 (2024: £171,587) was attributable to restricted funds and £305,094 (2024: £268,615) was attributed to unrestricted funds. ## **Support costs allocated to charitable activities** |
Insurance
Light and heat
Advertising
Governance costs
Rates
Depreciation
Telephone and postage
Bank charges and interest
Cleaning costs
Waste removal
Subscriptions
Profit on disposal of tangible fixed assets
Other indirect costs

**Total support costs**|**Total**
Total
**2025**
2024
**£**
£
**66,365**
52,302
**3,796**
38,896
**5,240**
4,221
**49,665**
72,503
**9,478**
10,714
**43,136**
26,485
**124**
313
**6,041**
9,831
**3,339**
3,053
**10,384**
9,073
**1,970**
1,779
**(113,836)**(252,950)
**12,205**
8,729
**97,907**
(15,051)| |---|---| 21 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED** ## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025** ## **9. Net income/(expenditure) for the year** This is stated after charging: |Auditors’ remuneration:
Audit Fee
Accountancy, taxation and other services
Depreciation
Profit on disposal of tangible fixed assets|**2025**
2024
**£**
£
**8,000**
7,750
**8,420**
7,750
**43,136**
17,568
**(113,836)**(252,950)| |---|---| ## **10. Trustees’ and key management personnel remuneration and expenses** The Trustees neither received nor waived any remuneration during the year (2024: £Nil). The total amount of employee benefits received by Key Management Personnel is £Nil (2024: £Nil). The Trustees did not have any expenses reimbursed during the year (2024: £Nil) ## **11. Staff costs** |Wages and salaries
Pension costs
Social security costs|**2025**
2024
**£**
£
**373,454**
341,717
**5,425**
4,913
**18,475**
15,609
**397,354**
362,239| |---|---| No employee received remuneration of more than £60,000 (2024: Nil). The average monthly number of employees during the year was as follows: ||**2025**|2024| |---|---|---| ||**Number**|Number| |Burton Agnes Hall opening and retail shops|**29**|28| |Gardens and maintenance|**4**
**33**|4
32| 22 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED** ## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025** ## **12. Tangible fixed assets and investment properties** |**Group**
**Freehold**
**Property**
**and**
**Endowment**
**Land**
**£**
**Cost or valuation**
At 6 April 2024
451,438
Additions
1,103,861
Disposals
-
**At 5 April 2025**
**1,555,299**
**Depreciation**
At 6 April 2024
66,128
Charge for the year
8,266
Eliminated on
disposal
-
**At 5 April 2025**
**74,394**
**Net book value**
**At 5 April 2025**
**1,480,905**
At 5 April 2024
385,310
**Charity**
**Freehold**
**Property**
**and**
**Endowment**
**Land**
**£**
**Cost or valuation**
At 6 April 2024
451,438
Additions
1,103,861
Disposals
-
**At 5 April 2025**
**1,555,299**
**Depreciation**
At 6 April 2024
66,128
Charge for the year
8,266
Eliminated on
disposal
-
**At 5 April 2025**
**74,394**
**Net book value**
**At 5 April 2025**
**1,480,905**
At 5 April 2024
385,310|**Heritage**
**assets**
**£**
408,364
-
-
**408,364**
2,184
-
-
**2,184**
**406,180**
406,180
**Heritage**
**assets**
**£**
408,364
-
-
**408,364**
2,184
-
-
**2,184**
**406,180**
406,180|**Plant,**
**Equipment**
**& fixtures**
**£**
334,456
146,972
-
**481,428**
234,015
28,811
-
**262,826**
**218,602**
100,441
**Plant,**
**Equipment**
**& fixtures**
**£**
256,423
146,972
-
**403,395**
161,741
27,172
-
**188,913**
**214,481**
94,682|**Playground**
**Equipment**
**£**
153,965
-
-
**153,965**
38,490
7,698
-
**46,188**
**107,777**
115,475
**Playground**
**Equipment**
**£**
153,965
-
-
**153,965**
38,490
7,698
-
**46,188**
**107,777**
115,475|**Total**
**£**
1,348,223
1,250,832
-| |---|---|---|---|---| |||||**2,599,055**
340,817
44,775
-| |||||**385,592**
**2,213,463**| |||||1,007,406| |||||**Total**
**£**
1,270,190
1,250,832
-| |||||**2,521,022**
268,543
43,136
-| |||||**311,679**
**2,209,343**| |||||1,001,647| 23 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED** ## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025** ## **12. Tangible fixed assets (continued)** Investment properties Revaluation as at 6[th] April 2024 **6,232,233** Additions **-** Revaluation during the year **(10,616)** Disposals at cost **(634)** Revaluation as at 5[th] April 2025 **6,220,983** Investment properties principally comprise tenanted farmland from which the charity earns rental income, as well as a small number of residential properties. The Directors’ estimate of the fair value of the investment properties is £6,220,983 (2024: £6,232,233). Tenanted farmland has been valued using estimates of current values per acre. Residential 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 the 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 estate lands that were donated to the charity. ## **13. Heritage Assets** Heritage assets presented in note 12 comprise: The Burton Agnes Hall (‘’the Hall’’): The Hall has no carrying value in the financial statements reflecting the estimated nil value of the properties donated to the charity at the date of donation. The Hall and certain other associated buildings within the grounds of the Hall, some of which are categorised within fixed assets as freehold properties, have a current combined insured replacement cost value of approximately £35m. Various chattels, sculptures and paintings owned by the Charity and displayed within the Hall: These assets have been acquired by the Charity 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 at cost or, where donated, at estimated market value at the date of donation. Subsequently the assets have been accounted for using a historic cost method subject to depreciation and impairment. In the view of the Trustees all chattels, sculptures and paintings are carefully maintained and have an indefinite useful economic life and accordingly no depreciation has been applied in the current year. This basis is reviewed annually by the Trustees as part of an annual impairment review. Further details regarding the accounting treatment of heritage assets are provided in the accounting policies. 24 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED** ## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025** ## **Five year summary** There have been no material movements recorded in heritage asset categories within the past five years. ## **14. Fixed asset investments** |**Fixed asset investments**|||| |---|---|---|---| |
**Group**
**Listed investments at market value**
At 6 April 2024
Additions
Disposals
Revaluation

Balance at 5 April 2025

Historical cost at 5 April 2025|**Managed**
**2025**
**Funds**
**£**
**£**
**953,662**
**953,662**
**-**
**-**
**(381,845)**
**(381,845)**
**3,321**
**3,321**
**575,138**
**575,138**
**625,907**
**625,907**||2024
£
1,000,098
609,428
(462,803)
(193,061)
**953,662**
**1,043,871**| ||
|
**575,138**
**625,907**|| ||||| All investments are held for charitable purposes. At 5 April 2025 cash deposits held by the investment manager totalled £12 (2024: £1) and are included within cash held on deposit in the balance sheet. Included in the above portfolio the following investments comprise 5% or more of the portfolio’s market value at 5 April 2024. |Charity Assets Trust C Inc
**Charity**
Listed investments at market value
Investment in subsidiary company at cost

||**2025**
**£**
**575,138**
**575,138**
**575,138**
**10,001**
**585,139**|2024
£
953,662
953,662
953,662
10,001
963,663| |---|---|---|---| ||
||| 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 activity of this entity is the retail sale of gifts, plants and farm produce, the operation of a café and the staging of a jazz and blues festival. The results are summarised in note 4 to the financial statements. 25 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED** ## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025** ## **15. Stocks** |Guide books
Goods for resale|**Group**
**2025**
2024
**£**
£
**5,848**
6,820
**29,874**
31,713
**35,722**
38,533|**Charity**
**2025**
2024
**£**
£
**5,848**
6,820
**9,000**
9,000
**14,848**
15,820| |---|---|---| The amount of stock recognised as an expense in the period is £81,668 (2024: £123,167). ## **16. Debtors** |Trade debtors
Amount owed by subsidiary company
Prepayments and accrued income
Other debtors
|
|**Group**
**2025**
2024
**£**
£
**34,065**
43,258
**-**
-
**53,941**
56,426
**1,439**12,286

**89,444**111,970|**Charity**
**2025**
2024
**£**
£
**33,779**
43,258
**-**
-
**47,296**
54,038
**988**11,835
**82,062**109,131| |---|---|---|---| The charity charges interest on loans to the subsidiary company. ## **17. Creditors: amounts falling due within one year** |Trade creditors
Taxation and social security
Amounts owed to subsidiary company
Amounts owed to related undertakings (note 22)
Accruals and deferred income
|**Group**
**2025**
2024
**£**
£
**31,454**
38,641
**8,731**
11,288
-
-
**683,417**170,000
**105,390**83,083
**828,992**303,012|**Charity**
**2025**
2024
**£**
£
**23,682**
28,530
**7,652**
8,604
**61,702**
45,048
**553,417**
-
**78,800**
45,547
**725,253**127,729| |---|---|---| 26 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED** ## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025** **18. Deferred income** Deferred income within the Charity comprises of annual Hall and Gardens membership, which is received up front. Within the trading company the deferred income relates to grant and ticket income received in advance. |Balance as at 6 April 2024
Amount released to other trading activities
Amount released to charitable activities
Amount deferred in the year
**Balance as at 5 April 2025**|**Group**
Charity
**£**
£
**52,509**
18,530
**(33,979)**
-
**(18,530)**
(18,530)
**41,247**
18,218
**41,247**
18,218| |---|---| ## **19. Statement of Group Funds** ||**At**||||**Net**||**At**| |---|---|---|---|---|---|---|---| ||**6 April**|||**(loss) gain**|||**5 April**| ||**2024**|**Income**|**Expenditure**|**on Investments**|||
**2025**| ||**£**|**£**|**£**||**£**||**£**| |General reserve|1,812,311|681,865|(644,688)||(36,907)|1,812,581|| |Revaluation fund|(81,978)|-|-||39,440||(42,538)| |Total unrestricted funds|1,730,333|681,865|(644,688)||2,533|1,770,043|| |Restricted fund|6,619,746|80,467|(140,994)||(10,616)|6,548,603|| |Total funds|8,350,079|762,332|(785,682)||(8,053)|8,318,646|| |**Analysis of group net assets between funds**|||||||| ||||**Unrestricted**|**Restricted**|||**Total**| ||||**Funds**||**Funds**||**Funds**| ||||**£**||**£**||**£**| |Fund balances at 5 April 2025 are represented by:|||||||| |Tangible fixed assets and investment properties|||**693,476**||**7,740,970**|**8,434,446**|| |Investments|||**275,138**||**300,000**||**575,138**| |Net current assets|||**801,429**||**(1,492,366)**||**(690,938)**| |**Total net assets**|||**1,770,043**||**6,548,603**|**8,318,646**|| 27 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED** ## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025** ## **19** . **Statement of Group Funds** _(Continued)_ ## **Statement of Charity Funds** ||**At**||||**Net**||**At**| |---|---|---|---|---|---|---|---| ||**6 April**|||**(loss) gain**|||**5 April**| ||**2024**|**Income**|**Expenditure**|**on Investments**|||
**2025**| ||**£**|**£**|**£**||**£**||**£**| |General reserve|1,884,974|516,154|(472,761)||(36,907)|1,891,460|| |Revaluation fund|(81,978)|-|-||39,440||(42,538)| |Total unrestricted funds|1,802,996|516,154|(472,761)||2,533|1,848,922|| |Restricted fund|6,619,746|80,467|(140,994)||(10,616)|6,548,603|| |Total funds|8,422,742|596,621|(613,755)||(8,083)|8,397,525|| |**Analysis of Charity net assets between**||**funds**|||||| ||||**Unrestricted**|**Restricted**|||**Total**| ||||**Funds**||**Funds**||**Funds**| ||||**£**||**£**||**£**| |Fund balances at 5 April 2025 are represented by:|||||||| |Tangible fixed assets and investment properties|||**689,357**||**7,740,970**|**8,430,327**|| |Investments|||**285,139**||**300,000**||**585,139**| |Net current assets|||**874,426**||**(1,492,366)**||**(617,941)**| |**Total net assets**|||**1,848,922**||**6,548,603**|**8,397,525**|| ## **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 represents the amount by which investments exceed their historic cost. ## **20. Members guarantee** The company is limited by a guarantee not exceeding £1 per member. The number of members as at 5 April 2025 was 9 and the total of such guarantees amounted to £9. ## **21. Taxation** The company is a registered charity and is not liable to United Kingdom income tax or corporation tax on charitable activities. 28 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED** ## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025** ## **22. Transactions with Trustees and connected persons** Mr S C Cunliffe-Lister and Mrs O C Cunliffe-Lister are directors of The Burton Agnes Stud Company Limited. Included in creditors falling due within one year (Note 17) is £683,417 (2024: £170,000) owed to the Stud Company. These amounts were all recorded at cost, and debtors totalling £683,417 are recorded in the financial statements of the Stud Company. During the year the charity received rental income from The Burton Agnes Stud Company Limited of £10,824 (2024: £10,824). ## **23. Reconciliation of net movement in funds to net cash flow from operating activities** |||**Group**|**Charity**|**Charity**| |---|---|---|---|---| ||**2025**|2024|**2025**|2024| ||**£**|£|**£**|£| |Net movement in funds|**(31,433)**653,314||**(25,217)**|654,694| |Add back depreciation charge|**44,775**|28,089|**43,136**|26,485| |Less Profit on disposal of tangible assets|**(113,836)**(252,950)||**(113,836)**|(252,950)| |Less Profit on disposal of investments|**834**|(98,838)|**834**|(98,838)| |Decrease/(Increase) in stock|**2,811**|5,137|**972**|5,137| |Decrease/(Increase) in debtors|**22,525**|(17,267)|**27,068**|(30,874)| |(Decrease)/Increase in creditors|**525,980**|91,673|**597,524**|27,406| |Unrealised loss/(gain) on investment properties|**10,616**|(745,567)|**10,616**|(745,567)| |Unrealised loss/(gain) on investments|**(3,321)**188,473||**(3,321)**|188,473| |**Net cash provided by operating activities**|**458,952**|(147,935)|**537,777**|(226,034)| 29 Docusign Envelope ID: 535F0771-C572-49A7-A31A-EE8B3F3F2F60 ## **BURTON AGNES HALL PRESERVATION TRUST LIMITED** ## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025** ## **24. Financial Instruments** |||**Group**|**Charity**|**Charity**| |---|---|---|---|---| ||**2025**|2024|**2025**|2024| ||**£**|£|**£**|£| |**Financial Assets**||||| |_Measured at fair value through net income/(expenditure):_||||| |Investments (note 14)|**575,138**|953,662|**585,139**|963,663| ||**575,138**|953,662|**585,139**|963,663| ## **Financial Assets** _Measured at fair value through net income/(expenditure):_ ## **Items of income, expense, gains and losses** ## _**Group**_ The total income from investments held at fair value amounted to £22,792 (2024: £22,167). In addition, there was a net gain of £2,533 (2024: Loss of £90,147) recognised in other gains and losses in respect of the investments held at fair value. ## _**Charity**_ The total interest income for debt instruments not measured at fair value through net income/(expenditure) is £1,540 (2024: £1,540). The total income from investments held at fair value amounted to £22,792 (2024: £22.167). In addition, there was a net gain of £2,533 (2024: Loss of £90,147) recognised in other gains and losses in respect of the investments held at fair value. 30