RECtSTERED COMPA]YY NUMBEL. IJ1392448IEttRl•Dd amd W*ia) RECISTERED CHARITY NiJMBER: 270673 Epo EDI ECT AU ED 31ST DECEMBER 2• PARHAM PARK LI Shaw Gibbs (Audii) Limitcd chered Certified A¢counl4nts Smwiory Awditor 25 St TJbJm8s Street Winchester Harn]11¢ S023 9HI
CONTE TATEMEN ECEMBER ST Rep•vt of the Dirtttors R¢ptyrl fjf th¢ Iwd¢p¢nden¢ Alldlth St•tsAntdf Flhartdl Ac¢1 10 B8IAnee Sket Cuh Flow Ststeme•t 12 N•teJ to the Flow St•tenl 13 N•teJ l• the Fln4ntllll Stt¢menti 14 w 21
LIMITE RT DirecM who a also Mutees of the Chariry for th¢ pur[K5 of the ChaTiIic5 A¢1 2011, preseni their rtport wilh the financisl of thc Charity forthc ycaT cnded 31 Dc¢emb¢r 2024. The DIre¢tO have adopted the provisio of A¢couNin8 •nd Repming by Chariiies.. Stst¢ment of XecornmeThded Prneri¢e okyliuble to ¢haT21hes prep8Ting their ac¢oynts in xwrdance with ihe Financiul Rep)rtinB Sthndard 8pplicable in the UK aThd Republic oll¥elaDd IFRS 102) (crrcclivc l JaTWJOry 2019). REFERENCE AND ADMINISTRATIVE DETAIIS R4i•ter¢d COmY #umber 01392448 (In8lllnd ind Wales) Rtered Ch•TIty 276673 Rwefftd oftlce The Esrate Offlce Parh&m Patk Pulborouxh Wcsl Su55ex RH20 4HS Trwte Lady E L Barnaril Writer C J Schooling Surveyor R T Lon85tsfftrGowan Garden5 Advi5¢r T AJKnox Muxum Director MrsAEMBesr HR Consultani N T Ea81¢ Tn Accountam J E T Cooper Chartered Survey T A J Knox re8igfjed as 8 direthoron 16 M8rch 2025. Caroline Campbell was 8ppointed 41 a direcw on P Junc 2025. CoMpny Setrethry Currey & Co LLP 33 Queen Anoc Street London WIG9KY Auditors Shaw Gibbg {Auditl Limited Chwt¢red Certified Accounts Stitutory Auditor 25 Si Thomas Stre Win¢her Hampshi S023 9HJ BaDkery Natwcst Bthnk pk Worthin& South Str¢et IB} Brattch 27. South Str¢et WorthiTr8 Wc5t Sussex BNII 3AR 8el
STRucfuRE. GOVERNANCE AND MANACEMENT GoverAlnE doeukne•t Tfre Cli1Y wa5 incOwa 4 O¢t¢)t¢r 1978 and resisiered with th¢ Charity Commi8sioners under Chqrity Number 276673. 11 19 eonwolled by its mernorarrn and Arti¢l¢s Cf Association which ¢on5ts1ul¢4 il 45 4 limited company. limit by Buarnnte< al defiThed by Conytties 2006. The mana8¢meni L)f ihe Charity 18 vested in The Dlr¢ctor4 of wthich ther¢ a curmilly 95x. Rterulimemt and ¥pltMeNt•f Dlreetors The Diredors hv¢ fowd it ben¢fKiat f( futtwc planning if they review their plans gtherally when they rwh the a8¢ of 70 y¢ar5 and aulojnattcally rrfirn ai the 18¢ of 75 y¢aTh, unless spe¢ifically reque5t&J to continu¢. New directors can Ee appoinied. bythe mDioriry vote of lh¢ ex118 DirKtw& InOllctl•D g•d of new Dlrectors The policy ofihe Direcr5 is io ensure thai spc¢i•li51 knowledge ar¢ •VAi18blE w ¢over aT¢as gfth¢ Charily's liVi11e& The Direeiors hav¢ hith¢rto bEen fortuDaw 10 hav¢ b¢¢n ble lo appoint dir¢¢lorq wilkn exl¢nsive ex11n8 WApeTience who hav¢ not required ny additional training. Were Ihcy lo appolni a direeior wh(> they ¢w5ider¢d wvuld b¢n¢fil from rr•itting in a particular ar¢8, •rrBngCTrIS wuuld for such trainin8 bc providcd. Th¢ Ch8irman And other Direciors hve wideqrsmgiry di8CUS5ions wilh inctNhill8 Directors 80 as io cn8urc ihol IlKy havc a propcr uDderstsndin8 of th¢ nature and workings of the Charity and Iheir rok as direCr of it. Or¥Alstloml strncthre The Directors aim have mons5t their nunknr itbdividua15 wilh a div¢rsiiy of 5kill$ and pwofe5sionalism thai enables i¢m to fijifil Iheir obliWicffj$ to the Chiriry and add value by assumin8 r¢spon5ibililies ¢omnwura with their experti. Relited prtl The freehold pMpeJ1y of Parham pa (e1naet c•lled "P8rhamTr b2lon8S 10 ttr¢ Patham Park Trusl (1984). harilabl¢ 8¢i¢lemeni Ihercinafter called "PPVI and is l¢ased the Charily pursuant io a 99 yw which w85 ¢xe¢ud •)n 16th July 2013. Th¢ Chsrity is financially depend¢nt on rettLvin8 8t8nrs from PPT which wa5 Set up to wovtde adequate aSBiStgw¢ the Charity tt) enable it to its tivI[1¢S in accordCe with 11$ Stad obieaiv¢s registered with the Chrity Commission. During 2024 Such 8rants re¢eived totalled £630.000 {2023.. £550,000). The Direetots have introduced a fom)al risk manaqemeni pro¢ess to •ssess major risk$ and implement risk management $t¢SIts. Thi$ involves idettiifwng the major iypes of ri5k5 the Ch8ri1y f4¢e& prioriiisl theA in of FQttnti41 imp•d •nd likeliltood of occurru¢< #nd Identifn means ormitilin¥ the risks. Key MiThweb)l Rem*rtèrAtl•n Policy ThE Salaries of ihe Senior M8rw¢ni T¢8m set by thc diTCCtorn based benchmhrking #g8inst similar roles in estates of a similar nilureand size. some of which are also ¢haritie$. h8e2
ARK YE oBjEIVEs AND ACTIVITIES ObJectlve5 arml alms The wincipal obj4¢u¥E5 orth¢ Charity io OFft PBrhim the pyblic and to mainwin th¢ hISriC Elizabeth•n lis contents9t ils SUTr(wding parkld. woodlaThd8 and familand thmounliwa to approximaly 9(K>ac Antilliry to the A¢tivi¢ies ofthe Chuiiy. other aaiyiiies are underwken. Light lunche8 •nd t¢as are %ryed from the Mower Shed and, for18r8e 8mUFO, from thE Bis Kit¢hen in the House. There is a H¢Juse Sh¢)p Shop. Eveni$ thd ethKatioDal ¢omcs are orsanised, appriyTiaie for ihis environmtnl. All of t1 Jforementititied exist to sup1 th¢ nwin activity of the CIwTity and forno other Th¢ Ch•rsty aittu meet the runnin8 cosr of these objeelives from oFrating r¢vettu< 8rnnts and ¢ovewnd income. There ort currently six Direciors who me# ttvitt a y¢8rin June and Denther(4Thd additionwlly in ord¢r to review ihe ald wfornwic¢of ¢he Charity and its OperntwjS and to set Op1n8 plans ond The Chwiiys OF¢10& ue StrIde the fWtherall ofits ch2rithbl¢ jea1V and lovernod by its MuM)randuffl Ind Ani¢l¢s of AgSOEiation. Tb¢ Dire¢tors m•y bonow money for th¢ chwStsblc obieclTves of th? tharity. li can pwchbse, le exch8¢ or othmvi9¢ a¢quire any real or personal property. 1¢ w CoStrUc( erect, miiDlJin aThl furnish any lond or byildiw or ther trecti¢ns Th¢S5Y conv¢ni¢nt for the ehiriioble work of Ihe Charity. 11 miy 41x1 ll. ¢x¢hAn8e or kl ]aThl Ij buildiTW5 belonÈinR to th¢ Charity. P•blle bettellt The Direaors nf1m1 that th¢y have ld due reprd to Sedion 4 of the ChArities Act 2011 knd the Chlfity Commi55ion's BuidAn¢e m publk ber1[ in deciding wht Acrivltle& ihe awity should und¢nake. The followin8 summary demonstrat¢5 the trerIt io the public from Ik Ch&rit5 ictivities. Patham And Sts grounds are on io the ¥¢DorJl publi¢ by the Chariiy from E8SteT th O¢thb1rh ytsr. Th¢ outst•ndin Elizabethan House (Lisd Grade l) 118w from 1577 includes 8 maBnifi¢¢ni Gr¢41 H8114nd 8Fttw¢y14r Long Gallery. Th¢ house h&$ bEen open to IYSiiOTS sintt 1948. Thc ciJnienLS include mjny rare items of fibmiture and a needlewwk collection of national impononce. There are I l acres of Walled Gard¢n and Pleasure Groun(k It is ¢1¢8rly (or the befil o( the wider public to preserve this histori¢ prop¢rty and its gjrrounding ith•p4 ro public athniuion to it forihe puryp)ses of apprecititiort ed¢110 In his acclaimed book,8 1]Th5 Best Housc8'. SirAon Jenkin& fmr Ch*imw] of th¢ N8tional Tn¢ g•ve Parhjm a .5 si&r" raiinE and considered it to be onc of the lop iwrnty hSe$ in the ¢ountry. He wrolc 'Wothing at hrhm is suU0& Tr)thin¥ unloved. li isa kn$e of nM8iC.' ACHIEVEMENT AI¥D PERFORMANCE Cknrl¢ibl• acllvlthi This yur. PE{ (Fn the public for a totsl of 119 days in¢lythn8 Iwo cxclusive days b¢tw¢¢n th¢ morths of April and Oober. This compares with I(¥) in 2023. ParhAm yeIVed a tothl of 23,571 visitorn eompired wlth 21.654 in 2023 whiGh rewesents an in¢r¢4s¢ of 9Y•. yj
PARHAM P ITED RE RT FTHED END In addition to the thorn] open thys (Wedrtidayj, Thursda Fridays, Sund1 thnd Bank Holid8ysX PAthom oT8anised severnl sprctal events and 8cfivities.'- Thue irKluded'. AS$Ltation of Susgex Anists Exhibition A ¢wfyweek exhibilion of works by members of the Associalion from Wedne9Jay 1° Miy io Syndiy 12 May. lo Brighton Car Rally- The House And GWde w45 visi1 as a 5P oifpoitti on the p)rthlir London to Brighton cl1¢ Car R8lly on Sundlly 2" Juno • Su95¢x D&y Flir A small croft fair held on the county day And ¢¢kbTatin8 the pruc art and Crafis of dtSiBrKr-mak¢rs and srnall busine5%s ba8ed in fhc County Sunday 16th June. N¢work WoTkthp- A one dty wothhop l¢d by Royal School of Needlewo Thior Chri$sie Jyno Mann on Friday 20th June. • Attitbgham Ttyjst Visit Stwknts the Atlin8hJm Tn Swmm¢r Selb>)I for the of histOTiC hou5 and gath and ¢olle¢tion$ vi5tted on 31Y' June. • Su6s¢x Steam Rally Two-day trlldilional sttram show or88niy¢d by sUK SM Shows Ltd and he]d ott the East Plairt at Parham on Sahjrday 13, and SuNJay 141h July. • Colleen Conli Worksh¢)p- A two.day ¢n plÉl uli. piiniing workshop by loul Su55ex artist CoU¢¢n Conti on 311t aThJ Thurnthy 171 Augu#. Je8uar EAthLts•lSts Club Rally Tr inler-r¢gioKal m¢¢ling of th¢ Ja8uar Inlhmsiosts Club featwmw (wer 3th) lassic aThJ conicmpornry jagua and Daitnl¢T5 on Sund4y 4th Augu5L Bo8nor Regis TOUT and Picnic Rally Th¢ BOg1K K¢8is aassi¢ Car Club visited Patham for I]r annuAI Tour Ind Picnic on Sunday I September. Horsharn School of BotsAical Artist$ Exhibiiitin - A Iliietrweek exhibiti¢m of work by Ihc HorSh Sclml of Btxanbcal Artiws from WEdnesday 4thty Sunday 22WpJ Sw¢mb¢r. • Bolani¢al Art Workshop A w¢-dry worksltop led by Eotsnical ani81 Lewh Ann G•1¢ on Monthy 23nl September. Counlrysle Le4mirtg Visii- The chariiy Ctsunlry5ide Ltarning an outdcw a¢iiYity day foff ¢hildrrn from local schools ot P4th•m on the Easi Plain on we41n¢Y 18th September. • Aulunin Flowers oi Patham AddÉiiDnal elaboraie fr¢sh W drled nower arT8ng¢ments on show within the HoLLS¢ all using tlowejs and grhsses cui from ihe Gardens ¥L ParhDm •nd aanged by Parharn's Fhwer TeBm frnm WulnesY 2Ort0¢r Swday 13th O¢tt&er. The Charity 18 graiefvl for the unstiDiifflK efftirts ofall its staff, both penTwnent •nd stxon41, and volwiiErw5 t1 a involved in Ihe op¢r8ling g¢tiviti¢s. The following are jv51 som¢ of the mbny CrM¢ntsOf apprEciation by visitors dwillg 2024:. "thwofiheMaFi h04ses h41 wsli&l- oiidwe've beth kj a loll Fosetth711Ng. Thankyo¥l" "thii'JlJ$i wii ofmaNy io m. Very helpfvIa infornmiivegtsides very scale house. Gowous8ttrdwi& Thaiik "Fvhai a pleihom oftyrt, nievrvrabilio shai*d ihevKYies. ly0ndetI io be47ble ts see ihe ¥$fI the wlndob¥¥, leltiiig 1htirlighishii ihmighdni. Pag¢4
TOFTHEDI RS FINANCL4L REVIEW FIAndl tIvItIeS ind rejulti Op¢wuting itt¢ome from Owing Paarn th the public and relawd Xtiviiies tothlled £t40.720 12023.. £547,581) as shown Èn 4 of these finartcilll statements. Expenditure relatin¥ lo the otning artd ihe nwinleDance of the properly tolatled £1,594.147 12023.. £971,003) as shown in 6 of Ih¢e financial llernEnts. pOrt of the Charity tot41l¢d £321.108 (2023.. £2.7351$ shown in no 7 of Ihex financial sthiemetti& There therefore an optrating deficit on (wentn8 and mintainin8 the pmperty of £1.074.535 {2023.- £714.157). Nonwoperniing inuMll¢ includin8 don81ions, rentsl iTKome. bank ini¢rot and a grant fron) ppr toiilled £1.015,8M foT the year, of which £637,883 w volunlary iOme (2023: £3,]63 of which £564,258 wa$ volUnry in¢omel. InvesthKni MgeM¢nI e0$19 for t yeArt4)tsll¢d £83,634 {2023.' £8(010). Th¢ def1t for th¢ yearwjs £142,701 {2023: of £102,516) on g¢n¢rnl Reserves pollcy As the costs of rn2intrinin& tmpTovht8 and owing Parham to the public ¢Kh ye8T ex¢e•J5 the income re¢¢$ of the Charity. an annull is souBhl from PPT. Th¢ Charity's re5erv¢8 ?( ¢h¢ endof the Y¢4r¥nWyJnd £1 JOI,115 (2023.. £1,643,816). FUTURE DEVELOPMENTS Th¢ Charity'$ objttiive 15 lo preserve hrh8m House. its pthl8nd. colkction5 and its ¢thtys to the highest s14ndd$ waeti¢abk. and to ensute that P8rham cBn ¢ontinu¢ to bt open w visiws and ¢nioyed by fiJDJf¢ 8¢nerations. It is envimged that operotiblg defKits will corfinue to b¢ COVed by81t& EVENTS SINCE YEAR END Jnfonnarion relatin8 to event$8iAe the end oftheyeAr ts 8ivth in ihe no th th¢ firt8nGial sla*))ents. P•yS
PARHAM PARK LIMITED PORT OF T ATEMEr OF DIREoRs, RESPONSIBILITIES The directors (who are at50 ihE trus1¢¢s of Parham Pa Limitrd for the purpoKs of ¢harity law) ar¢ rwonsibk foT pICring Ihe R¢port of Dw¢c¢ors ar the financial $lai¢m¢nt$ in ¢ordance with 41plicable low and Unid Kingdom Accouniing SthmJard$ (United Kin8dDm Generally Aec¢pied Attounting Prn¢iite}. Company liw rwuir¢s dire¢roTS to prqbxTe finan¢ihl Smtemenis for ¢Ath financial year whKh give a tru¢ and fail view of Ib¢ $•te of 8(faits of th¢ charitable t(bmpllny Irtd of th¢ incomin8 reyJrces and opplicAtiDn of resou¢5. including th¢ incornc and expeiidliuwE. of Ihc ChIlable cornpany for thai period. In pryrin8 Iho8e fth8nei&l sw¢ments, th¢ directors are required io sejeci witabk &ccountin8 policie5 and then apply ihem consisknily. obsep/e the m¢ihod5 gnd priKiples in Ik Charity SORP; Make1emen1$ and ¢S¢imate5 Ihoi ore reAsonable 4nd pnyJ¢ni' p[tre the firtanciol s(81WnlS oth ih¢ going concern ba515 ¥ni¢ss il 15 inappr(yriak w pffsum¢ thai chnriiabie Lxjmpw will ¢oniinuc in busine55. Thc direclors Ire r¢spon5iblc for kccpin¥ proper aLyni1¥ recon1% whlch di8cloyc wLh reasonable accuracy at atly time the fmonci•l posihon of th¢ ¢hariiable tMpDY and lo cnablc thcm iv cnbw¢ thai the fimncial staiemenis comply with Iht Companies A¢t 21th. Thcy aTe also responsible for sofcguaniing the assets of the Chttritablc ¢ompDThy atld hcnce for Isking TrawnaN¢ sly for th¢ ventiOn atKI dc¢ectÉon of fraud and oth¢r irr¢8ularilie& 50 far tht directors are iwHre: th¢re is no r¢l¢vani audit infomwtioh of which ihe eharitsbl¢ eompAny's •udiiof5 are unawgre.. and the diY¢¢tots h8ve 18ken all lieps that they ou8hi to h8ve T&kcn mak¢ themselve5 aware of any relevani audii infonnation and to ¢thblith that the aalloTS ar¢ aware of that inf78t10. AUDITO The Audiw5, Shaw Gibbs IAudii) Limit¢d called Martin and Compny) w¢r¢ appoiDd by 4 r¢xTrlu¢ioJJ Df thc members in r¢5P¢¢t of ihe accounting pEri1 ended 31 DEr¢mb¢r 2012 have bten deemed TO be rwinted in spwt ofsubwumt4ttoThlllB rKthds in oc¢ordfiN¢ with se¢tlon 487 Companie5 Act 2(KK%. This report h48 b¢¢rt preF•rcd in aceordkrttt with the 8p¢¢ial FViSIonS of Pbrt IS of Ihe Cornpanics 2(6 rclating to small ¢omp8nies. 9.4K....&..gA.WArtd signed ott its behalfby: Approved by ¢Tderof ihe boardofdireeiors ¢Jn...... . ..._ Lthly FJnm& irc¢tor PaRe 6
REPORT OF THE INDEPENDENT A ttlo We ve llwjited the firswKial stswnents of Patham Pwk Limlted (Ihe 'ch•tlthble compuJV) for ihe yur ¢nded 3151 DKemb¢r 2024 wthi¢h cornprise ¢hc statement of Finan¢i81 Aaiviii¢s, th¢ Balan SheeL th¢ Cssh Flow Statement and now financi41 statcrtKnt& including a summary of si8nific•nt a¢couniin8 policies. Th¢ fingncial reportin8 frnmework thai hJ5 b¢¢n appli in iheir prepqrati¢Jn 15 applicabl¢ ]8w Jnd united Kinsdorn Accourttin8 Stgmdords (Uniled KiTrgthJm Gener4Fly A•ed Acwwling Pr•di¢el. In owopiniDn ihE finin¢iAI $latemefftts'. give A true llnd fair yiw of the sthte of the Charithblt cornpany'l affairs a5 at 31st Dccembcr2024 Jnd of rt5 ithcoming rourCeS Hnd $ppliMion of r¢sour¢es, including its Income and expendttiJr< foi ihe year then ¢ntsJ,. h•v¢ been woperly prepst¢d in OrdIn¢¢ with United Kingdom Generally Accepkd Accountin8 Pra¢tiK" ond Y¢ b¢¢n mred iti acctrrdance with th¢ requttl8 of lh¢ Compani¢5 A¢t 21JO6. B8th for •pknlo• We conducted our a111 in &¢cordartce with Intemional Standards on Audiiing IUK) {ISAs (UK)) gnd gpplithle law. (Xw re$rthsibiliiieg thost Stsndords furdr d¢s¢ribe4 ID th¢ Audilors. f¢8p)nsibiliti¢s for the awlit af the rJftAncial sthtements stthion of our Twn. We are independerti of the charitsble ¢ompny in accordance with the eihicRI reWirents that are le¥t lo otsr audit of the financiBI staiemenL8 in ihe UK, including the FRC'S Ethical Standard. and we have fulfilled ow oth¢r ethi¢al responsibiliiies in accothnce with these requirements. We believe I¢ the evidence we have obtain¢d is wlTi¢i¢nl and appTOPri&te to wovide a basis for ouropinion. Colltlu51ooi reLqd•E to plng ¢¢ ttt audiiitig the fuwKi81 atuneA we have ¢on¢luthd that the direck)rg ] ofthe 80] ¢(¥n basis of aOUrt11ng in Ihe pRpAraiion of thc financi81 statements is JForopriite. Baxd on th¢ Nffjrk we hv¢ perfonn w¢ hav¢ noi idettiified any miteriil uncertainiiu relaiing 10 ¢v¢nts oreonditions thaL individually or colkciively, may u515ignificani doubt on the charitable compwnV5 ability to coniinue as # going ¢onc¢rn for a peri1 of al kast tsvolve lth5 from when th¢ financial ar¢ awhoris¢d for issue. Oyr te8fAWI8Lbililies and the re5p)nsibililiu of the direcT8 wilh respxi 80inM concern are described in the re]ev•nt seeiions ofihii report. Other Inforniillon The directors are rtsponsible for the other rOmtIOn. The other inforMlon comprises the infrrrn4tion Includ tn the Annual RFp¢rt other than the fllwicial ststhwit$ 8nd ourR¢portof tbe lrtdtpendent Alldi themn. Our opinion (Jn the finottcial 5tatemcnts does not Cover tht othtt infarn]8lioTr and. to th¢ ¢xt¢nt otheThwise expliciily stated in our rep, we do noi express aAy fomi of a$5urancc conclusion thereffj. In Mnrteeiioft with our audit of the fthancial st•t¢ments, ¢Ar re5pon5ibility is to rerd the cdher infonn4tion and, in doin8 so, consider whher the Oth Infomiatiort li rnwt¢rially incoMi¢t with the fuw)¢i81 S¢8km¢nt$ OT our knowl¢dse obtsined ia the audit QT Qth¢rwis¢ Appears ¢0 b¢ mAieriilly misststed. Ir wc ithntify sueh m•riAI in¢ohsisl¢nci¢s or apparenl maierial M1111rmt4 we are rewired to d¢t¢miin¢ whrihrr ihi$ wves tis¢ lo • mal¢iial misslaiemeni in the financial tsi¢m¢nt8 themseiveL If. based on the WO wc hAv¢ pErfomie& we ¢ottcltsk th&i there is a mat¢rial isskqwwrtof this other infornMtion. we 8r¢ r¢quIr lo r¢pon ¢hot fa¢L We hv¢ thIng to r¢Fon Ln thi$ rrgard Ophklou on other m•tters prucribed by the CompAAlos Act 21106 In ourryinion. based on th¢ work undertaken in tk wurse of the audit: the infonnation given in ReN)rt ol Ihe Directo for th¢ fml191 y¢¥ for whi¢h th¢ fin8n¢il smiementy Ire pttpared is consistent with ihe flnhi*l S4i¢t)xN8" aA the R orth¢ Directors bo i¢en PIVT In aecordknce with applib l¢g41 wuirr4nell¢&
REP RT PARK LIMITED Mglttrs whl¢h ve •re requlre41 to report by x¢¢ptlon In th¢ light of ik knowled8¢ and YndrfsNd1rB ofthe chyritabk corDpany Ind its ¢nvironm¢nt obtakKd in the ¢ours¢ ofthe adi¢. we have idth#ified nwitTitI misJtht¢mMts in the Rwrt of Ihc Director& We have to rew)rt in res of th¢ folh)winK fflait¢ts whete thE CoTnpHnic5 Act 2 rquircs u¥ to rwrt you tf. in our opinion: gdequate sentIng Mconls hive A(A been k¢pi or murns for our oudlt h•ve not been received from btaRGhE5 Visited by us", or the fbn#ncial stst•nents are not in 18reem¢nl with th¢ a¢¢owiting re¢i)Tds and reium& or in diselosuresof direclDf8' remuneration sp¢cificd by are madc" or we h&ve not r¢¢¢ived 811 th¢ illfornaiion 8ThJ explanaiions WG r¢quir¢ forour audil. or th¢ dirtttors wcre not eniitled to t8kr advartagc Dfihe small compAnies ¢y¢mprtrrn from lh¢ t¢wireI to Strate8ie Reptsrt or In pr¢prir4 the Reprt of the Ih'recior% Re4nI11)ill11es of dirtttori As explDined more ffijlly in the of Dirccirrf Responslbiliiles. Ihc directhrs (who are 80 the thjsttts of t hariiabk company for th¢ wxpJ8¢5 gr¢hilY Iwl ar¢ rc5ponsiblc for ihe prcp8ration of ¢h¢ finan¢i41 9th(ents •rn4 for beiny 5&1isfxd ihai Ihcy ¥iv¢ 4 tnx and fair viL'w. and for such int¢mwl LThirol os thE dir¢cM d¢miin¢ is nec¢wry w ¢n&bk thc rKeparaiion or rinan¢iul si&l¢m'nis ihai art frec frum rnwicrial mi551alemenl, whether due lo fraj orerror. In prqMrin8 th¢ find)1 stat¢m¢nts. thc directors grc rwonsibk for 8$glMS thc Lh•ritabl¢ Mpon5 ability lo continue as 8 8olng concery disclosin& as applieiblc. mAtters telgted to go*w ¢onccrn usin8 the goin8 concern basis of a¢¢ouThtin8 un1¢55 the dweclors ¢iih¢r to liquid lh¢ charitsbl¢ wmpany or to ce8se 01#tiOns. or ha no realistic iltemtttive but to do so. Page 8
TH PARHAM P Our reon11b511tl for lhe audSt Df the fiDgll¢lal M•lemonts (r objectives ¥r¢ lo obthin reasonable assurance atrAlYt wheihw the financial slalem¢nt$ as o whole are free from nwterial mi6sMemtht, whether due fraud or mr, and to a Repon of the lndependeni AuditOTS that includes our qjiniryk. R¢awn•ble ossuranc¢ i% a hi8h level of but is rtoi a gr)ree thai iudii ¢onthJ¢d in 8ceord&nre with ISAS {UK) will always decl a material mis$tht¢meni when it exis missteMentS Can aTise f rnud or errDr and ir¢ ¢onsidered m81erial if. individually or in Ihe agwe¥ale. they could re4sonably b¢ expKt¢d to influEnce ihe economi¢ decisions ofuser5 thk¢n on ih¢b4sis of these financial slaternEnt& Th¢ teI which our wD¢edures dr¢ of d¢11& iryegul8ri1ie8. inLluding frnud is d¢tail¢d b¢low.' Because of ihe inlwent limthlations of an audit, thcrc is a risk thal we w1 noi det¢¢i all in¢EuI)ritie& including thos¢ k4ding to a m&iertil misstatement in the finaNiol #aments or non-compliance with regulation. This risk ittcrt&8es the more thar compliance with 8 law or regul•tion is removed fiom th¢ ¢v¢nts ¥nd tf8llSA¢tions reflecd in the flnanrial st•iement4 as we will be1¢55 likely become aware of insr•nces of nonwlisnce. Th¢ risk is also 8r¢aw re8•Tthng irr¢8ulariiI (Lyurring due to frthld rather ih8tt ¢rmr, as fraud involves intentionRI cOnCeMenL forBery. eoliu¥io omission or mtsttpr¢8ffj(a¢io Wt obtaincd an understhnding ofihe legal re8ulalory ft4m¢work opplicablE to thc PaThy via di%ussions with Ihe ditlor$ and our previous knowl¢d¥¢ of the comny. Thi5 idenlified ihst the MOBI si8nifJc4nl 18WS and regulations relate lo ihe foThn £ortni ofihe fJnAncial 51Alements Such os the UK Companies Ad 2006, ChJrit1¢5 Ad 2011 an the Chariii¢5 SORP (FRS 102) as well as Heallh & Saf¢ty and EmployrDcnt lows. The company mpli¢5 wilh lh¢ IAWS r¢gulation5 by usin% jppropriaiely 4ualifLed PTof#sional$ to pr¢pbT¢ th¢ f#wl41 Jtit¢m¢nts and provid¢ advice on He•lth & Saf¢ty and Employmem poli¢ie5 Are athquate. AS of our plannin8 PID9 we asse5s¢d suwiibiliry of the comp4ftYs fiMn¢id ststements w marerial misMa¢emehts, inch18 how fT8ud might o¢¢ur by mlking an a55ew¢ni of the k¢y risk& The key risk idcntifEed in ¥cspttt of Parknm Park Limitrd is mthe8emenÈ ovuride. The directors confitmed no actual, $uspe¢ted or gllega c9S¢S offrw Based on Iliis asseUml we dEs1 our audil prw¢dur¢s io address these key risk area5 with emphasis oth ieslin¥ the ¢on¢rols in plaee in ihose weas sCePtIb kn mdnawnenl override including teain¥ manual journals and making ey4u1ri¢5 of mana8¢m¢ni. W¢ also reviewd correSponder, inc1]ing Jninutes of the directoY¢ meeiings and kgal profe55ional fees w idcntify any non4ortwlian¢¢ with relevarht laws 8r¥J regulotion$. A further description of ow. Tespomibiliiies for the audil of th¢ financi81 sthtements is loeited on the Finn¢il Reporting Council's wrbsi 1¢ ww.frc.org.uktsudiwsr¢sponsibiliiie& This descripiion forn?s part of R¢F•n of the 1thnd¢t Alit0 U report This report ts rnade M)kly io the charttible eornp3ny¥ rnembers, •s a b(y. in accordAn¢e with Chapter 3 of Pan 16 of the Compartics Act 2006. (hr audit work has been undeken $0 Ihar w¢ might tsTe to the chiritable componY$ memb¢rs ihose mauers w¢ ¥re r¢qulr¢d slate kn them in an 8ulilOts' IEPOrt for no othcr Purpose. To the fulle extcnl perniited bylaw, we do nol 8cceF4 OT 29sum¢ resrx)nsibilily io anyon¢ oiher than the Chritable company •nd Ihe charit&ble cOrymS members as a body, forouraudii w(Yk. foT this re(, or fortheopinions we have fDTmc Harriet Serg¢ant PCA (SuhiorSiaDJtory Auditor> for and on behalf of Shaw Gibbs (Audit) Limrted Chartered Certifxd A¢¢owithnTS Sthwiory Auditor 25 St Thomas Str WiTKhe5ter Hompshire S023 9HJ P•8e9
AMP TED TEMENT OF FIN IN CTIVITIES FOR TH 21124 Ullr¢5trl¢ted futsds 2023 Totsl rund5 Noits INCOME AND ENDOWMENTS FROM Don8tiOn88nd le8A¢I&% 6J7,883 $64258 Ch#ritsbi¢ xetfvltl¢$ House fj•rd¢ Calcrin8 Mom Sh41 Estate woodlands CSS 8rgnt 113.Z12 116m3 19.719 lQ6.491 IlJ6.874 16.803 31864 175.711 108.838 150,972 4•9,666 Inv¢s¢tYni income Oiher income 377086 75 338,905 Total 1450 744 EXPEfiDITURE ON lttvestheni eI cosis 83W4 010 Charitable xtlvilit• Hou G•rden$ Calcrin8 room 292,997 249,037 288.750 16.440 22,922 144,691 268,431 112.683 ISB,784 Shop Eststvand woodkTrls Admini4tr8tion Major property repairs CSS want 24090 163N7• 313397 ,441 oth J76 T•tl 65 1.348228 NET INCOMEMEXPENDITiJRE) (1417•1) 102,516 RECONCILIATION OF FUNDS Tirtal fuTLd5 bTOU8ILt forward Ih4U16 I.541,3) TOTAL FUNDS CARRIEO FORWARD 1643 816 coNrJNUING OPERATIONS All in¢omins res(MJTces and resources eXpded arist from cottiinuin8 aclivitie Pa8e 10
HE ER 21124 Urer¢CO 2023 Total Ne5 FIXED ASSETS Tanyble a55ets 1.288 1.291616 CIJRRENT ASSETS Sk)cks Debtorn C&sh &1 b&nk and irt kni 12 13 29019 344018 23,928 291,929 313# 463.779 CRED)R3 Amounts fallingdue within y¢ar 14 1183W7) (112,579) NKT CURRENT ASSETS 212 TOTAL ASSETS LESS CURRENT LIABILITIES IAoI,IIs 1,643.816 NET Assrrs 1643816 FUNDS Unr¢s¢ri*d fiwAIs 15 1643.816 TOTAL FUNDS 1643 816 These fjnancial statsmenis hive been ptepated in £01d8nce with the provisions Applicdjk bj cherit8ble ¢omp•nies subject to the srnnll ¢pIni¢s Te8ime. The fJnanci81 strtements were 8rnved by lh¢ Bo&rd of Dirtctots authoriscd for issue on .q.4ts-...W..A.. Brd were $igned on its behalf by: LY Emrtm Barnard. Direéknr Po8¢11
24 2023 Notes Cth fr•m opernlkng aciiviti Cash e[al¢d fTrrn wfio Finance ci (34.21181 166 120,092 Nd ¢4sh (U inyprovided by oprThlin8 8clivilies C5h from InVeInK dlvlth4 Pu}8e of llttgible fixed Rssets Sale of tan8ible fjxed asse Int¢res¢ received (7S638 75 1123310) Net cash used in invcsiins aciiviii¢s 122 388) Change In eAsh And tih equlnlÈ•ts the repwthi perlod CA8h and tasb equlvileDts 4t the boElTrwlAE of Th¥118 pwlod (11,883) 147 C•th Kd tqblvl¢nts gt theud Or the repfyrtllls period P48e 12
DE RECONCJLIAIION OF (EXPENDITUREytNCOME TO NETCASH FLOW FROM OPERATING ACTIVITIES 2023 Net (eypendltsrnyffimtome for tkn reporlini period per the Sttemtnt of FlThanthl A¢tlvltlH) Adjustments for: Depreciation chfir Loss on disposal of fix¢d JBs¢ts lrtter¢8t received Fift¢¢ ¢osts Decreose in stock6 Incre in deOr% ln¢ml(thcT¢&} in ¢Kdilors {143,701) 102.516 7&113 iJ62 11,316) 8,166 3.11)9 (52,•89} 71 78.$48 (1.122) 9.587 4,142 {11.4651 62 1141 Net ta&4 Iwyprovlded by Dp¢rwd•ni ANALYSIS OF CHANCES IN NET FUNDS Ai 1.1.24 CAsh fiow At 31.1124 Net Cash at bank ond in hand 147 116 21 Pas¢ 13
THE FINAN IA ATEMEN ACCOiJNTING POLICIFS B15 of prwrl•g th¢ fiuwfjciwl slatemeDt• ThB finwiftl $18ment8 ofthe chrithbl¢ ¢onyony. which is a public benefil enlity uThJer FRS 101 ve bee prepred in ocwnlgn¢¢ with the Chftrities SORP {FRS ]021'AoufiilTrg and Repirting by Clwiti&s: Siatemeni of Rec(llm¢ndcd Practice appli¢abl¢ to ¢hArltiL% ryep3rin8 their 4¢¢OUDlS ID ¥¢cordan¢¢ wilh ihe Financial Reporning Sthndard 8pplicable in the UK 8Th1 Republic of Ircland IFRS 1021 lelTective l JanuRry 20191,, rJn8nciil R¢pthin8 Slamlird 102 Findla1 R¢portiDg Stsndird ]¢oble in the UK Ind RebIle or Ireland. and the Companies A¢1 2006. Th¢ finaiKial #atfflicnts have been wepgr¢4J undK th¢ I11 Mst eonvention, u modified by the rcvaluDtion of cenain assets. The financiwl ar¢ presettted In sterlin8 lch 1$ lh¢ fvt)¢iiono1 ev¢ of the ¢hity aThJ rounded All in¢om¢ is re¢(wii5cd in Ihc Siaiemcni ofFinfKi41 Aclivilic onc¢ ihc charily has enltilemenl lo ihe funds it i8probble thai the in¥omr will Ix rLYcivcd ind Ihc amounl cn be mea%ured reli8bly. i) Reven thc nctamount cl8¢ lo Visit leuany Park d18cow1 wlud?ng valu¢ addrd tsx. ill Grants received and rOpreSffl th¢ amounts r¢cciv8bl¢ durDig the period. togethtr with ony tsyAiion reeovcrDblc Ihcreon. iii) Invejthwii inwme is earned through lding et$ for Snvesmi¢ni PUTP05e5 such as prcyerty. li inchths iNer¢st 8nd rent. Rental in¢orne is rccognisd 5 thc ch•rity% righi ¢0 ye1v¢ payi)KtLt $ ¢$tablish¢d Expendlture Li4bililicJ ¥re r¢coynised w expendiiwe as soon Ih¢r¢ is a Iwl or fDn51tucliv¢ Obli110 fLM]rnitlinB the eharity lo that peThjit1Te, li 18 probBble ihxi a irartsfer ofth)nomi¢ benefits will be required in sdtjement tk aL)U1 of the obligation ¢an be me85ured relwbly. EKp¢ndiwr¢ is attound foroj) an 4ccruAls basis and ha8 b¢en ¢knssifd undcr hcadings th•t aggregate all r05t r¢lad to the category, Where w5ts winoi b¢ diTe¢tly ittr111ed to prticujar (hey bv¢ be¢n ailwafro to guivilies ott a b1$ consistent with the se of Covernan¢o ¢0 C(rfnpri5e5 Ihecosts of goYernRn¢¢ which r¢L8 to the 8¢neral numing 0(thg Charlty. Where C05L8 cannoi be dirtetly attnl>uted kn particular headings they have beett al]ocaied activities on a t•3is consistenl with lh¢ use of re¥oyT¢ fixed isxts Deprxiation is provided 81 th¢ followin¥ anmal ratcs ord¢r to wrile off each asset over its eBtimed uscful lif¢. IMproVt$ to property Citerng, 8ard¢J4 etc Fixtures and fittrngs MotLY v¢hi¢l¢s Offlce ¢quipmeni 2-P/thon co 20% on cost IOYO 011 Cost 25%on reducits8 balwKc 33% on co Tingibl¢ fix¢d 8S8¢ts ore 5tsd at COSI (or deemed co) or valuBtion le5S 8ccumuhd depreciaiion and ac¢w¥781¢d irnp8jnT1 loss¢s. Cost inc[leS C0519 thlY attribut8ble io m&kin¥ the H55et capabk of operatin8 a5 inteJyAed. Fix¢d a¥#ts 8r¢ pilIsed whETethe iniiial cost exce¢ds£5(4). P88¢ 14
PA NO Ji EMBER ACCOUNTING POLICIES- k• S¢ock8 ore &te it th¢ IDw¢r of and ¢•mAted Selli pri¢¢1¢55 G05ts lo CDrnplc aEKI sell. Cost iftcludes all costs of of conver8iDn and other costs ittcurred in iyiwng stock lo 118 present lo¢Ytion and ndition. Cost is levIsted usi8 the fitst-in. firtryout fomiula. Provision is made for damaa. obsolete skJw.mDvin8 stock Whe appwi. Txatlon Th¢ charity 15 cxunpt from eo4)Orntion tax ils chaLilabl¢ 4¢11Vi¢i Uhrestri¢bJ fvnd8 ean b¢ in ac¢ordw with lh¢ ¢h•riMble obj¢¢tiY¢s •tthe discrdton of th¢ directo Hlr¢ PUTchMe and ItdB commlthemts R¢nt41s paid der operaiin81¢8ses we ¢hW io the St•t¢meni of Financial Adiviii¢s on • strai( litbe bASii ver the pEri of the leax. colts and other pootreMeI b¢nefits The chbritsbk ¢ompany oFrat¢s a defined contribution pension kherne. Contriiwtion8 payable w the choritsble company's pension schejne are cjwged to thp Stam¢ni of FiDoncial A¢tivi¢i¢s in the period which Ihey relate. Irre¢over•bk lfftcovgrnble VAT is wrilten oly the sBmc expens¢ category in which ihe 11[ ¢xpwxlinu¢ w4s ity¢urre FIAocl•l Jnitnments Th¢ charity only has financial asse¢$ oTh1 liabilities of 8 kind qu•lify u bdsi¢ fimncial instruments. B8sic fbncl1 instrume4tts are inililllly re¢ognised ai trU¢ll0n Yalu¢ and Jvbs4uenlly rner ai their llkrnt vJ]u¢. DONATIONS AND IIGACILS 2•24 2023 Donationg Gift aid 410 7.473 6.435 7,823 037 564 Pa8¢ 15
IN TATEM T DECEMBER 2024 INVESTMEIYT INCOME 21124 2023 Ren received Deposii iceouni itLter¢81 376A70 337.783 377 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Admi85ion ¢h•rg¢s and sAks House (kher opelaling in¢ome Hous¢ Athni55ion ¢h8r8es and shles Gbrdens Garden pl0rt sold Gardens Retail iales Gardens Rd8il sales Carin8 room Retsil s81¢s Shc E5tste and woodiandl Estst¢ and woodlrtd$ 93,81• 19A02 $1,822 2163• 11.551 19,719 31.148 87,816 18.675 68.098 26.380 12J96 16.803 32.864 82 18,963 Timber s&1¢8 Etsvirottmentalst¢w•nlship in¢ome Sportin8 leisyrt Lntome Park ¢v¢nw InMe V¢Tri50n 5aks B•si¢ Paymefti S¢hem¢ Woodland grnjis CSS ¥rani rtteiv¢d 4JO• Estht¢ and worxlhnds Estsi¢ and woodlind$ Estste and woodland$ Esteie ahd woodlatmts Estsi¢ •nd woodlands Esthie qnd woodllndx CSS grnnl 317 6054 IOJ92 5,443 18,721 49.162 54,537 9,354 9,615 4,389 24.430 54.341 108 838 547 INVESTMÈNT MANAGEMENT COSTS 2024 2023 2,774 11224 36,715 Profe58ionJl ¢os Pmp¢rty T¢paiTS MainteNTKe ¢har¥es Security system 7857 3fy44• 3078 956 32.475 P•g¢ 16
ATEMEN CHARITABLE ACTIVITILS COSTS SupN>rt 051$ (B¢¢ note 7) Tota15 HguB¢ 28U65 305.771 14010 2109 IIA132 6J43 291.997 312.114 16,010 22.1)90 163870 313.297 200841 CateringY(w)m Shop Est8lc aThJ woodlan& Administration Maj( pr¢wty r¢pirs CSS Br•ni 3K633 200,441 321 1•8 158 SUPPORT COSTS Governance ¢ost$ Totals 10,132 6J43 249 6a43 A41mitiistrgtion S5 includ1 iti thr 4lxkvc. we 0$ follows: GDvernAn¢e eo 2024 Administrntion a¢tiviti¢s Auditors, remuneration Audiiors, r¢muncralion fornon auditw Legal fees Management exper 7,IOD 7,741 Pa8¢ 17
IT ED31 EM INCOMEI{EXPENDITURE) Net incomrl{exFwliluTe) IB si4 •ft¢rrlWgincr4dlIkn¥): 2•24 2023 Auditorf r¢nwn¢ration (Xh¢T non.audit services D¢preciation. own¢d asse Hihr of p]anl SNI maehittery Defi¢lt on di¥( of assets &5• 4th9• 74113 LIJS 7.ItK) 3,$5¥) 78.548 3257 DIRECTORS, REMUNERATION AND BENEFrrs Therc wcrc no direLlors' remuncrntion or other benefits for the year eryled 31st tkE¢Tnb¢r 2024 for the year ended 31th Deeemb¢r 2023, DJr¢tton' weaies 2t124 2023 370 480 During th¢ye•rihedIredwVe lMI1r8ed travel exnI¢S Df £376 (2023: £480). Ill STAFF COSTS 2024 2023 Wa8es aTrJ salaries S1•] secwity costs Oiher pensiort tosts 501,960 31346 440.761 28,537 10.433 The avern8e mLmthly nymber rjf employtt8during thc yearwas as follows.. 2•24 2023 AdminTatrlio adeTr8 Estate and wood$ Seasortal staff 21 20 39 No efflploye¢i ffceived en)lumcnts in cxccu Of£60.}. Kcy mm88ernent prysonnel r¢munerniion £149.288 (2023: £142J21). her pension co&s relit¢ to th¢ pension Contrib10$ tlwi the Charity makes fDr the benefii of senior employees as le8ally Tequir¥] foT ull othEr employKs, Page 18
PAR BER 2024 10. STAFF COSfS- e•hllhued The ass¢ts ofthe s¢herne are adminisred in 4 fund iThkpcnthi from tho of the (Irily. TANGIBLE FIXED ASSETS Improvements Caterin8 garden. p•rk etc Fixtsjres fittijw At JAmi8ry2024 Additions Disposals 1,637,91KI 61436 233,698 7,651 32081 At 31st DKemb¢r2024 DEPRECIATION At l# January 2024 (kn8e for yr Eliminated on div1 402245 57JS8 196,586 17,503 74 13,101 2h72 Al 31st De¢¢nthr 2024 459 NEf BOOK VALUE At 3151 D¢¢¢mb¢r2024 25 923 01 3 I D¢be2023 .235.055 37.112 Mo vehiclei Total Ai Isi JoMiary2<124 Addiuon5 DisFwls 19 J9J31 1.903,035 75.638 li oil) At 31 D¢cember2024 DEPRECIATION Al 1st January 2024 Chwge foryear EJimiTra¢ed on dlspDS81 19,451 39,056 281 670,439 78,113 Ai 3 1st Dcccmber2024 19 73 NET BOOK VALUE 31s1 D¢¢¢mber2024 295 At 3 1st DeCenyer 2023 394 475 1292616 PA8e 19
M PARK srATEMENTS- contl ED31STDE TANCIBLe FIXED A&8ETS- eiiAtkn•ed The leaselK&ld imwovements are CapilIst11 ol c05t aTrd provi5iim nJJde by way of a del&lL0n chllr8e to Tefleu Ihat cost ovcr thr period during which the chwrily will derive economic bEfLEf fTtYn ihose improvemi No wmpensat1L is due in reBpeci of these iTwov¢m¢nts under the lewms of the le and as 5u¢h Ih¢g¢ impT(W¢]wits 4r¢ N)t reAlLik a55¢ If at any timc a propEty I¥L which the eh&Yity hos incurred Improvewi expenditur¢ b¢com¢s redunthN or is wiihdrnwA fw the lea any r¢nxinin8 uncxpendcd cost vill be wmen off •s an cxpense It Ihat timc. 2•24 2023 Sto¢k$ 23.928 DEwfoRS., AMOUNTS FALLING DUE WITHIN ONE YEAR 2•24 23 TMd¢ d¢bknrs VAT Prepaymenls and ¥¢cm¢d irKwm¢ 10081 70,961 17,204 35,337 239 388 18 I& CREDITORS: AMOUNTS FALLING DUE WIThIN ONE YEAR 2•24 2023 Trath cr¢ditors A<¢rua15 and *lern¢d iDcom¢ 112823 71 47.013 15. MOVEMENT IN FUNDS Unre¥riet¢d funds The unres1iic funds replentS the fwEe furwjs of Ihe Charily a1 includes anxymts which the Ditethrs hv¢ d¢8i8n4t¢d for particuknrwwplk. Page 20
NAN I& RELATED PARTY DISCIL)SURES During 1996 ihc frethold owtwghip ofpxhm surrounding prk t4Thd oth¢r pp)wrty wos qUired by PPT. Subse4WLt io thi& Ihe Ithot int¢resi of the Charity W&8 ¢Xt¢ndcd cOr all the property Own by the PPT. A new 99 year lease aw¢¢d on 16th july 2013 whidi 1$ in COTdwtce with the provi8iOrts in the Charity% MemornTbJurn. The ChIry is fiMn¢ially d¢ndallt on rtteiving grants from PPT which w•$ up to wovide odequatc •SSiStsnc¢ to the Clwity to Mabk li rnanage its propcrtic8 it) ftcccthThce with the obi¢ctlv¢8 r¢¥wter¢d with th¢ Chrity Commi8sion¢N DLfin8 2024 wxh lolalled £630.OLKJ (2023: £550.(W). Duritt8 the yw PPT lrnsed Iw& Investm residential prtIeS to the ch4riiy for a pepper¢orn Yent of £20. (2023 on¢ property . £101. Prior to 2023 PPT donated the renmi rnceived for thi$ prw¢rty to the ¢l¥riry. This Amouttted kn £5.475 in 2023. 17. SHARE CAPITAL The Chority is a c¢)mpaDy limitrd by 8v8rnnle¢ and does have Bhpre capitsl. The aCcoNts do not th¢r¢for¢ include a r¢wn¢iliiriots of movcmcnty in sh•re1lder fiind6. I& LIABILtTY OF THE MEMBERS Every rnemberof th¢ comp8J)y uthakc5 to contribute lo the asseis of the Charty stKh as may be requiTed. ¢x¢ttdin8 £1. in the eveni of the Chlty bein8 WOUAd up while Ih¢y members or within one yeor of th¢ir ¢s1n lo be m¢mb¢rs. This will b¢ for the paymeni ofrhe debts and libllitie$ ofthe Charity ¢ontracd beftire Ilw ¢eftse to be rn¢mbets and of the cost5. chTrr8es ind exy5¢s of wirtdin8 up fw th¢ adiuslmeni of thE rishts of the contribuuon& The nymberof members at31 December 2024 three. 19. TRANSAcfioNS WJTH DIRECTORS Durin8 the ytar. in the ordinary course of busijw the Charity incurred eo$ts with th¢ follr)win8: Mr C slIn8 received EO (2023.. £3110) in respect ofprofe5sionwl suviccs PmVAded Ouring theyear. Th¢ Ch8rity algo rttcived •n open markei rent fron) Lwdy Emma Barnard for th¢ priva dence in ihe main hoyse. The rent payable is ittdependenrly ¥ssessed by 8 quafftlfl Suty0r conylince with the provisions of ClJ*rities Act 2011 SeKlion$ 117-121. This iotslled £30,] {2023.- £30.IM)O). Expensey of £41.445 {2023'. £43,633) relating to ihe pet>)Ml ruoning ¢osts of Ihe privar¢ rIde¢ in the main house reChaed. Of thi$ £33240 (2023: £JJ.2]5) WAS 1MbUrst l¢awng a balaKc duc from Lady Emma Bamard of £8205 at the year cnd {2023.' £IOJ98). Pa8e21