| Referenceandadministrativedetailsofthecharity,itsTrusteesandadvisers | |
|---|---|
| Trustees’report | |
| Independentauditors’reportonthefinancialstatements | |
| Statementoffinancialactivities | |
| Balancesheet | |
| Statementofcashflows | |
| Notestothefinancialstatements | 18 -33 |
| MrsCMBowerman | |
|---|---|
| MissKEBowerman | |
| MrJMCapper | |
| Mrs A MDownham |
|
| MrMFollis | |
| MrsJMTaylor | |
| Charityregistered | |
| number | 289446 |
| Principaloffice | ChampsHill |
| WalthamParkRoad | |
| Coldwaltham | |
| Pulborough | |
| WestSussex | |
| RH201LY | |
| Independentauditors | KrestonReevesAuditLLP |
| CharteredAccountants | |
| StatutoryAuditor | |
| 9DonningtonPark | |
| 85BirdhamRoad | |
| Chichester | |
| WestSussex | |
| PO207AJ | |
| Bankers | BarclaysBankPLC |
| POBox2915 | |
| Brighton | |
| EastSussex | |
| BN11SJ | |
| Solicitors | DMHStallardLLP |
| 135HighStreet | |
| Crawley | |
| WestSussex | |
| RH101DQ | |
| Investmentmanagers | TrinityBridgeLimited(formerlyCloseBrothersAssetManagement) |
| andadvisors | 10CrownPlace |
| London | |
| EC2A4FT |
24 November 2025
28 November 2025
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2025 | 2025 | 2024 | ||
| Note | £ | £ | £ | |
| Incomefrom: | ||||
| Donationsandlegacies | 4 | 66,764 | 66,764 | 58,195 |
| Investments | 5 | 271,862 | 271,862 | 314,936 |
| Otherincome | 6 | 3,612 | 3,612 | - |
| Totalincome | 342,238 | 342,238 | 373,131 | |
| Expenditureon: | ||||
| Raisingfunds | 7 | 68,462 | 68,462 | 68,849 |
| Charitableactivities | 8 | 1,001,371 | 1,001,371 | 813,332 |
| Totalexpenditure | 1,069,833 | 1,069,833 | 882,181 | |
| Netexpenditurebeforenet(losses)/gainson | ||||
| investments | (727,595) | (727,595) | (509,050) | |
| Net(losses)/gainsoninvestments | (156,838) | (156,838) | 239,821 | |
| Netmovementinfundsbeforeotherrecognised | ||||
| gains/(losses) | (884,433) | (884,433) | (269,229) | |
| Otherrecognisedgains/(losses): | ||||
| Lossesonrevaluationoffixedassets | (1,289,332) | (1,289,332) | - | |
| Netmovementinfunds | (2,173,765) | (2,173,765) | (269,229) | |
| Reconciliationoffunds: | ||||
| Totalfundsbroughtforward | 16,455,835 | 16,455,835 | 16,725,064 | |
| Netmovementinfunds | (2,173,765) | (2,173,765) | (269,229) | |
| Totalfundscarriedforward | 14,282,070 | 14,282,070 | 16,455,835 |
24 November 2025
| STATEMENTOFCASHFLOWS FORTHEYEARENDED5APRIL2025 |
|||
|---|---|---|---|
| Note | 2025 £ |
2024 £ |
|
| Cashflowsfromoperatingactivities | |||
| Netcashusedinoperatingactivities | 21 | (614,437) | (430,764) |
| Cashflowsfrominvestingactivities | |||
| Dividends,interestsandrentsfrominvestments Proceedsfromthesaleofinvestments Purchaseofinvestments Purchaseofheritageassets Proceedsfromsaleofheritageassets Proceedsfromsaleoffixedassets |
271,862 1,994,690 (1,541,434) (152,002) 191,497 , |
314,936 619,147 (694,566) (371,823) 207,002 359,615 |
|
| Netcashprovidedbyinvestingactivities | 764,613 | 434,311 | |
| Changeincashandcashequivalentsintheyear | 150,176 | 3,547 | |
| Cashandcashequivalentsatthebeginningoftheyear | 143,251 | 139,704 | |
| Cashandcashequivalentsattheendoftheyear | 22 | 293,427 | 143,251 |
| Thenotesonpages18to33formpartofthesefinancialstatements |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2025 | 2025 | 2024 | ||
| £ | £ | £ | ||
| Musicroom,gardenvisitors,ThePinesandotherdonations | 66,764 | 66,764 | 58,195 | |
| Total2024 | 58,195 | 58,195 | ||
| 5. | Investmentincome | |||
| Unrestricted | Total | Total | ||
| funds | funds | funds | ||
| 2025 | 2025 | 2024 | ||
| £ | £ | £ | ||
| Rentsreceivable | 47,175 | 47,175 | 49,453 | |
| Dividendsfrominvestments | 224,687 | 224,687 | 265,483 | |
| 271,862 | 271,862 | 314,936 | ||
| Total2024 | 314,936 | 314,936 |
| 6. | Otherincomingresources | |||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| funds | funds | funds | ||
| 2025 | 2025 | 2024 | ||
| £ | £ | £ | ||
| Miscellaneousincome | 3,612 | 3,612 | - |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2025 | 2025 | 2024 | |
| £ | £ | E | |
| Expenditureoninvestmentmanagementandpropertycosts | 68,462 | 68,462 | 68,849 |
| Total2024 | 68,849 | 68,849 |
| Direct | Support | Total | Total | |
|---|---|---|---|---|
| costs | costs | funds | funds | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Charitabledonations | 71,700 | - | 71,700 | 135,963 |
| Musiceventpromotionandrecording | 156,857 | - | 156,857 | 97,988 |
| Propertyexpenses | 335,346 | - | 335,346 | 220,499 |
| Musicroomexpenses | 25,576 | - | 25,576 | 20,566 |
| Otherexpenses | - | 210,521 | 210,521 | 292,178 |
| Lossonsaleofheritageassets | 201,371 | - | 201,371 | 46,138 |
| 790,850 | 210,521 | 1,001,371 | 813,332 | |
| Total2024 | 521,154 | 292,178 | 813,332 |
| Other | Total | Total | |
|---|---|---|---|
| expenses | funds | funds | |
| 2025 | 2025 | 2024 | |
| £ | £ | £ | |
| Depreciation | 36,092 | 36,092 | 36,374 |
| Officeexpenses | 142,789 | 142,789 | 135,878 |
| Bankchargesandinterest | 1,446 | 1,446 | 1,039 |
| Auditor'sremuneration | 21,000 | 21,000 | 20,400 |
| Accountancyfees | 8,954 | 8,954 | 5,170 |
| Legalandprofessionalfees | 240 | 240 | 2,224 |
| Lossonsaleoffixedassets | - | - | 91,093 |
| 210,521 | 210,521 | 292,178 | |
| Total2024 | 292,178 | 292,178 |
| Grantsto | Grantsto | Total | Total | |
|---|---|---|---|---|
| institutions | indviduals | funds | funds | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Religiousdonations | 8,000 | - | 8,000 | 32,770 |
| TheArtsandmusic | 36,850 | - | 36,850 | 46,750 |
| Youthworkandeducation | 5,450 | - | 5,450 | 9,620 |
| Studentsponsorship | - | 20,000 | 20,000 | 18,525 |
| Other | 1,400 | - | 1,400 | 28,298 |
| 51,700 | 20,000 | 71,700 | 135,963 | |
| Total2024 | 117,438 | 18,525 | 135,963 |
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Religiousdonations: | ||
| StMargaret'sChurch,Angmering | - | 25,000 |
| YoungMinisters | 5,000 | 5,000 |
| 5,000 | 30,000 | |
| TheArtsandmusic: | ||
| ThePetworthFestival | - | 14,750 |
| IMSPrussiaCove | 10,000 | 10,000 |
| LibertyChoir | 15,000 | 15,000 |
| KennedyStraussPrizeCharityTrust | 5,000 | 5,000 |
| TheJoyceandMichaelKennedyAwardfortheSingingofRichard Strauss | - | 1,864 |
| ChichesterCathedralEndowmentTrustforMusic | 5,000 | - |
| 35,000 | 46,614 | |
| Youthworkandeducation: | ||
| BuryCofEPrimarySchool | 5,000 | - |
| EducationWestAfrica | - | 5,000 |
| 5,000 | 5,000 | |
| StudentSponsorship | ||
| ElifCansever | - | 15,000 |
| BrendoSantana | 20,000 | - |
| 20,000 | 15,000 | |
| Other: | ||
| TheSussexSnowdropTrust | - | 10,000 |
| RoyalWestofEnglandAcademy | - | 5,000 |
| TheMaryHowTrust | - | 5,798 |
| - | 20,798 |
| 2025 | 2024 | |
|---|---|---|
| No. | No. | |
| Office | 3 | 4 |
| Property | 4 | 4 |
| r | 8 |
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Wagesandsalaries | 182,834 | 174,085 |
| Socialsecuritycosts | 12,703 | 8,826 |
| Pensioncosts | 6,717 | 6,500 |
| 202,254 | 189,411 |
| Freehold | Plantand | Fixturesand | ||
|---|---|---|---|---|
| property | machinery | fittings | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| At6April2024 | 3,141,046 | 71,811 | 116,597 | 3,329,454 |
| Transfersbetweenclasses | (200,000) | - | - | (200,000) |
| At5April2025 | 2,941,046 | 71,811 | 116,597 | 3,129,454 |
| Depreciation | ||||
| At6April2024 | 338,351 | 3,252 | 109,293 | 450,896 |
| Chargefortheyear | 34,965 | 4 | 1,123 | 36,092 |
| Transfersbetweenclasses | (16,007) | - | - | (16,007) |
| At5April2025 | 357,309 | 3,256 | 110,416 | 470,981 |
| Netbookvalue | ||||
| At5April2025 | 2,583,737 | 68,555 | 6,181 | 2,658,473 |
| At5April2024 | 2,802,695 | 68,559 | 7,304 | 2,878,558 |
| Freehold | |
|---|---|
| investment | |
| property | |
| £ | |
| Valuation | |
| At6April2024 | 1,825,000 |
| Surplusonrevaluation | 191,007 |
| Transferbetweenclasses | 183,993 |
| At5April2025 | 2,200,000 |
| rketvalueat5April2025includesthefollowinginve lueofinvestments. |
stmentswhichindividuallyexceed5% |
|---|---|
| MarketValue | |
| £ | |
| 2AshurstCottage,Coldwaltham | 355,000 |
| 6&8PengellyGardens,Wick | 600,000 |
| TheVicarage,Coldwaltham | 870,000 |
| 1AshurstCottage,Coldwaltham | 375,000 |
| Carryingvalueat6April2024 | 3,723,979 | |||||||
|---|---|---|---|---|---|---|---|---|
| Additions | 152,002 | |||||||
| Disposals | (391,300) | |||||||
| Impairments | (1,289,332) | |||||||
| 2,195,349 | ||||||||
| TheTrust'sheritageassetscompriseaportfolio | offineart, | whichisexhibitedtothepublicintheTrust's | ||||||
| ArtGallery,withsomeloanedtootherartgalleries.Allheritage | assetsare | usedforcharitable | purposes. | |||||
| Disposalsintheyeargeneratedsalesproceedsof£191,497 | (2024:£216,480). | |||||||
| Analysisofheritageassettransactions | ||||||||
| 2025 £ |
2024 £ |
2023 £ |
2022 £ |
2021 | £ |
|||
| Purchases | ||||||||
| FineArt | 152,002 | 371,823 | 173,070 | 127,450 | - | |||
| Totaladditions | 152,002 | 371,823 | 173,070 | 127,450 | - | |||
| Chargeforimpairment | ||||||||
| FineArt | (1,289,332) | : | ‘ | . | . | |||
| Totalchargeforimpairment | (1,289,332) | ; | ; | ; | - | |||
| Disposals | ||||||||
| FineArt | (391,300) | (253,000) | ~—-(212,498) | (65,556) | s | |||
| Total di otal disposals |
(391,300) | (253,000) | —(212,498) | (65,556) | ; |
| Investments | |||
|---|---|---|---|
| in | |||
| subsidiary | Listed | ||
| companies | investments | Total | |
| £ | £ | £ | |
| Costorvaluation | |||
| At6April2024 | 303,523 | 7,593,628 | 7,897,151 |
| Additions | - | 1,541,434 | 1,541,434 |
| Disposals | - | (1,994,690) | (1,994,690) |
| Revaluations | - | (495,545) | (495,545) |
| At5April2025 | 303,523 | 6,644,827 | 6,948,350 |
| Netbookvalue | |||
| At5April2025 | 303,523 | 6,644,827 | 6,948,350 |
| At5April2024 | 303,523 | 7,593,628 | 7,897,151 |
| Principalsubsidiaries | |||
| Thefollowingwasasubsidiaryundertakingofthecharity: | |||
| Name | Holding | ||
| BCTT2Limited | 100% | ||
| Thefinancialresultsofthesubsidiaryfortheyearwere: | |||
| Name | (Loss)for theperiod |
Netassets £ |
|
| £ | |||
| BCTT2Limited | (1,073) | 296,775 |
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Duewithinoneyear | |||
| Otherdebtorsandprepayments | 5,761 | 7,098 | |
| Accrued income | 31,202 | 4,345 | |
| 36,963 | 11,443 | ||
| 18. | Creditors:Amountsfallingduewithinoneyear | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Othertaxationandsocialsecurity | 4,546 | - | |
| Othercreditors | 17,616 | 2,994 | |
| Accrualsanddeferredincome | 31,800 | 23,440 | |
| 53,962 | 26,434 |
| Balanceat | 6 | Transfers | Gains/ | Balanceat | 5 | |||
|---|---|---|---|---|---|---|---|---|
| April2024 | Income | Expenditure | in/out | (Losses) | April2025 | |||
| £ | £ | £ | £ | £ | £ | |||
| Unrestricted | ||||||||
| funds | ||||||||
| Designated | ||||||||
| funds | ||||||||
| Designated | ||||||||
| investmentfunds | 9,722,151 | - | - | (573,801) | - | 9,148,350 | ||
| Generalfunds | ||||||||
| GeneralFunds | 6,733,684 | 342,238 | (1,069,833) | 573,801 | (1,446,170) | 5,133,720 | ||
| Total | ||||||||
| Unrestricted funds |
16,455,835 | 342,238 | (1,069,833) | s | (1,446,170) | 14,282,070 |
| Balanceat 6April2023 |
Income | Expenditure | Transfers in/out |
Gains/ (Losses) |
Balanceat 5April2024 |
|
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |
| Unrestricted | ||||||
| funds | ||||||
| Designated | ||||||
| funds | ||||||
| Designated investmentfunds |
9,505,718 | - | - | 216,433 | - | 9,722,151 |
| Generalfunds | ||||||
| GeneralFunds | 7,219,346 | 373,131 | (882,181) | (216,433) | 239,821 | 6,733,684 |
| Total | ||||||
| Unrestricted funds |
16,725,064 | 373,131 | (882,181) | - | 239,821 | 16,455,835 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2025 | 2025 | |
| £ | £ | |
| Tangiblefixedassets | 2,658,473 | 2,658,473 |
| Fixedassetinvestments | 6,948,350 | 6,948,350 |
| Investmentproperty | 2,200,000 | 2,200,000 |
| Heritageassets | 2,195,349 | 2,195,349 |
| Currentassets | 333,860 | 333,860 |
| Creditorsduewithinoneyear | (53,962) | (53,962) |
| Total | 14,282,070 | 14,282,070 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2024 | 2024 | |
| £ | £ | |
| Tangiblefixedassets | 2,878,558 | 2,878,558 |
| Fixedassetinvestments | 7,897,151 | 7,897,151 |
| Investmentproperty | 1,825,000 | 1,825,000 |
| Heritageassets | 3,723,979 | 3,723,979 |
| Currentassets | 157,581 | 157,581 |
| Creditorsduewithinoneyear | (26,434) | (26,434) |
| Total | 16,455,835 | 16,455,835 |
| Reconciliationofnetmovementinfundstonetcashflowfromoperating | activities | |
| 2025 | 2024 | |
| £ | £ | |
| Netexpenditurefortheyear(asperStatementofFinancialActivities) | (884,433) | (269,229) |
| Adjustmentsfor: | ||
| Depreciationcharges | 36,092 | 36,374 |
| Dividends,interestsandrentsfrominvestments | (271,862) | (314,936) |
| Lossonthesaleoffixedassets | 201,371 | 137,231 |
| (Increase)/decreaseinstocks | (583) | 1,009 |
| (Increase)/decreaseindebtors | (25,520) | 133,935 |
| Increase/(decrease)increditors | 27,528 | (14,134) |
| Unrealisedloss/(gains)oninvestments | 302,970 | (141,014) |
| Netcashusedinoperatingactivities | (614,437) | (430,764) |
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Cash | inhand | 293,427 | 143,251 |
| Total | cashandcashequivalents | 293,427 | 143,251 |
| At | 6April | At5April | |||||
|---|---|---|---|---|---|---|---|
| 2024 | Cashflows | 2025 | |||||
| £ | £ | £ | |||||
| Cashat | bankand | in | hand | 143,251 | 150,176 | 293,427 | |
| 143,251 | 150,176 | 293,427 |