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|Referenceandadministrativedetailsofthecharity,itsTrusteesandadvisers||
|---|---|
|Trustees’report||
|Independentauditors’reportonthefinancialstatements||
|Statementoffinancialactivities||
|Balancesheet||
|Statementofcashflows||
|Notestothefinancialstatements|18<br>-33|





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||MrsCMBowerman|
|---|---|
||MissKEBowerman|
||MrJMCapper|
||Mrs<br>A<br>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|





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# 24 November 2025 



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# 28 November 2025 



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## 

|||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 



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## 

|STATEMENTOFCASHFLOWS<br>FORTHEYEARENDED5APRIL2025||||
|---|---|---|---|
||Note|2025<br>£|2024<br>£|
|Cashflowsfromoperatingactivities||||
|Netcashusedinoperatingactivities|21|(614,437)|(430,764)|
|Cashflowsfrominvestingactivities||||
|Dividends,interestsandrentsfrominvestments<br>Proceedsfromthesaleofinvestments<br>Purchaseofinvestments<br>Purchaseofheritageassets<br>Proceedsfromsaleofheritageassets<br>Proceedsfromsaleoffixedassets||271,862<br>1,994,690<br>(1,541,434)<br>(152,002)<br>191,497<br>,|314,936<br>619,147<br>(694,566)<br>(371,823)<br>207,002<br>359,615|
|Netcashprovidedbyinvestingactivities||764,613|434,311|
|Changeincashandcashequivalentsintheyear||150,176|3,547|
|Cashandcashequivalentsatthebeginningoftheyear||143,251|139,704|
|Cashandcashequivalentsattheendoftheyear|22|293,427|143,251|
|Thenotesonpages18to33formpartofthesefinancialstatements||||





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|||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|-|





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## 

||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||





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## 

||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|



## 



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||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|



## 



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## 

||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|



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||Freehold|
|---|---|
||investment|
||property|
||£|
|Valuation||
|At6April2024|1,825,000|
|Surplusonrevaluation|191,007|
|Transferbetweenclasses|183,993|
|At5April2025|2,200,000|



|rketvalueat5April2025includesthefollowinginve<br>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<br>£|2024<br>£||2023<br>£||2022<br>£|2021|<br>£|
|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<br>di<br>otal<br>disposals|(391,300)|(253,000)||—(212,498)||(65,556)|;||





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||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<br>theperiod|Netassets<br>£|
|||£||
|BCTT2Limited||(1,073)|296,775|





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|||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<br>funds|16,455,835||342,238|(1,069,833)|s|(1,446,170)|14,282,070||





## 

||Balanceat<br>6April2023|Income|Expenditure|Transfers<br>in/out|Gains/<br>(Losses)|Balanceat<br>5April2024|
|---|---|---|---|---|---|---|
||£|£|£|£|£|£|
|Unrestricted|||||||
|funds|||||||
|Designated|||||||
|funds|||||||
|Designated<br>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<br>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|





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||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)|





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|||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|



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