Herbert William Mawer Trust Trustees, report and financial statements for the year ended 31 December 2023 Charity number: 502772
Herbert William Mawer Trust Contents P*ge Legal and administrative inforn]ation Trustees report tndcpendent examiThers' report Statement of financial activities Balance sheet Notes to the finanrial statements 7-13
Herbert William Mawer Trust Legal and administrative infornvation Charity number 502772 Registered office Sion Hill Hall Kirby Wiske North Yorkshire Y07 4EU Trustees M Mallaby R W Rusby W Calvert Independent Examiners Mr B Cross ACA The Barker Partnership Chartered A¢Unt2rtts 17 Centrdl Buildings Market Place Thirsk North Yorkshire Y07 IHD Bankers Barclays 193 High Street Northallerton North Yorkshire DL7 8LJ
Herbert William Mawer Trust Report of the trustees for the year ended 31 December 2023 The tn]stees present their report and the fllwicial statements for the year ended 31 December 2023. The trustee5 who served during the year and up to the date of this report are set out on page l. Structure? governance and management Governing document The Herbert William Mawer Trust is regulated by a Tnlst Deed dated l October 1973 ond a supplemental deed dated 12 August 1982. Appointment of trustees The trustees are appointed by a re501ution of the Trustees passed by a majority of the Trtee$. Objectivu and activities Sumpn¢ry ofthe objects ofthe charity sel oul in its governing documenl The trustees shall stand possessed of the museum property upon trust tr) use and perniit the same to be used as and for a museum open to the public at all reasonable times for the public exhibition of the Mawer Collection and ftir no other purpose vthatsoever and shall stand possessed of the Mawer Collection upon tt for the purpose of its public exhibition in the museum property. The Herbert William Mawer Trust exists to preserve Sion Hill Hall and its estate pernwlently for the benefit of the nation, and to display the Herbert Williarn Mawer collection of antiques and works of art within the house. To achieve this the Trustee's aim to maxiEnise the return from letting those parts of the property endowment not open to the public, and from investments held. Entrance fees are charged for access to the h0C and gardens. The pricing policy reflects th¢ Trustees policy of enabling as many people as possible to ¢njoy the house and its collection, whilst providing Some income to help sustain ongoing maintenance costs. To this end prudent management of the Trusts finances are of prime importance, maintaining suffJci¢nt funds to secure the long-terni objectives of the founder. When reviewing the ¢haritys objectives and activities and tUre plans the trustees have referred to the guidance contained in the Charity Conllnission's general guidance on publi¢ benefit. Achievements and perforniaDee The House The house is in remarkably good condition. A general on-going maintenance programme is carried out throughout the year. The annual spring clean of antiques and works of art was conducted in February and March. The maintenance, and setvicing of the burglar and fire alann wried out in Spring. An electrical safety report was caffied out to ensure compliance. and general electrical and plumbing repairslimprovements made tILroughout the year. Replacement blinds wer¢ instslled in th¢ Library to protect the fine arL The Gardens and Grounds The extensive garden and grounds require on-going maintenance. Hedge trimmi field topping and wJssland improvements took place. Entrance Fees House and garden tours We conducted throughout the year by prior appointment. The Plant Fair and Open Garden took place in May. The Trust continues to receive positive feedback from visitors enjoying the beauty of the house. garden, and its tranquil surroundings. The Stable Block Coach House andJoiner's Worknhop The Trust ¢ontinue to let these premises whenever w)ssible. Repairs and maintenance is carri¢d-OUt throughout the year. The interior of the Stable Block ground floor has been redecorate and ¢lectrAcal safety inspection has tsken place.
Herbert William Mawer Trust Report of the trustees for the year ended 31 December 2023 Falconry Centre The Falconry Centre continues to attract a good number of visitors to the Estatr, and is a njOr visitor attraction in the area. Sion Coltage The Trust ¢ontinues to let this property. Window repairs. and decorating has tsken place this year. Sion Lodge The Trust Continues to let this property. Electrical repairs and drainage works have been carried OUL 40a Topcliffe Road The Tntst continues to let this property. 40b Topcliffe Road The property is currently vacant. Plans aff to carry-out a complete refi]rbishmenL Financial review Reservespoliry The net assets of the charity hav¢ decreased in the year by £5,290 frorn £2.031.745 to £2,026,455 (2022 - a drease of £16.791). Free r¢serv¢s are calculated as total reserves less any restricted funds, fixed assets or designated funds. The charitys free reserves were £221.627 &£ at 31 December 2023 (2022 - £189.791). Statement of trustees, responsibilities The trustees are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Aepted Accounting Practice). Law applicable to charities in England and Wales requires the trust¢es to prepare financial statements for each financial year which give a trne and fair view of charity and of the inwming r¢sourc¢s and application of resources of the charity for that year. In preparing these fmancial ststements the trILStees are required to: select suitable accounting policies and then apply them consistently, observe the methods and principles in the Charities SORP: make judgements and estimates that are reasonable and prudent" stste whether applicable UK Accounting Stsndards have been followe subject to any material departures disclosed and explained in the financial statements: and prepare the financial ststemcnts on the going concern basis unless it is inappropriate to presume that th¢ ¢harity will ontinu¢ in op¢ration. The trustees are responsible for keeping proper accounting records lch disclose with reasonable araCY at any time the financial position of the charity and enable them to ensure that the financial ststements comply with the Charities Act 2011 and the Charity (Accounts and Rcports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for tsking relsonable steps for the prevention and dete¢tion of fraud and other irregularities. On behalf of the board aby Date: I I September 2024
Herbert William Mawer Trust Independent examiner's report to the trnstees on the unaudited financial ststements of Herbert William Maiver Trust. I report to the trustees on my examination of the accounts of Hetbert William Mawer Tntst for the year ended 31 December 2023 set out on pages 2 to 13. Responsibilities and basis of report As the charity trustees you are responsible for the prepardtion of the accounts in accordance with the requirements of the Charities Act 2011(Ihe Act.). I report in respect of my examination of the Trustee's accounts carried out under se¢tion 145 of the 2011 Ad and in canying out my examination I have followed all the applicable Dir¢ctions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confim that no material matters have come to my attention in ¢omiection with the examination giving me cause to believe that in any material respect: (i) accounting r¢wrds were not kept in respect of th¢ TnLSt as requxred by section 130 of the Act: or (li) the accounts do not accord with those records. or (iii) the a¢¢ounts do not comply with the applicable requir¢rnents concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a'true and fair view which is not a matter Considered &$ part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr B Cross ACA The Barker Partnership Chartered Accountants 17 Central Buildings Market Place Thirsk North Yorkshire Y07 IHD I I September 2024
Herbert William Mawer Trust Statement of financial activities For the year ended 31 December 2023 Unrestricted Endoivment funds funds 2023 Total 2022 Total Notes Income and endowments from: tnvesthients Charitable artivities Other incoming resources 54356 10,373 11,686 54.356 10.373 11.686 56,011 7,873 12.741 Total 76.415 76.415 76,625 Expenditure on: Charitable activities 111.909 111,909 93.416 Total 111.909 111.909 93,416 Net income (expenditure) (35.494) (35,494) (16.791) Other recognised gains and losses Gains on investment assets 30204 30,204 Net movement in funds (5.290) (5,290) (16,791) TotaI funds brought forward 16 1.537J75 494.370 2,031,745 2,048,536 Total funds ¢arried forw2rd 1.532.085 494,370 2,026.455 2.031.745 The statement of financial activities includes all gains and losses in the year and therefore a separate stafrment of total reColsed gains and losses has not been prepared. All of the above amounts r¢lat¢ to wntinuing activities. The notes on pages 7 to 13 fonn an integral part of these financial statements.
Herbert William Mawer Trust Balance sheet as at 31 December 2023 2023 2022 Notes Fixed assets Intangible assets Tangible assets Heritage assets Investments 1,600 1.360 468,912 1,332.957 2.000 1,432 468.912 1.369.610 io li 1.804.829 1,841,954 Current assets Debtors Cash at bank and in hand 12 1.025 226,394 2,014 191.850 227,419 193,864 Creditors: amounts falling due within one year 13 (5,793) (4,073) Net current assets 221.626 189,791 Net assets 2.026.455 2.031.745 Funds Endowment funds Unrestricted income funds 14 494.370 1,532,085 494,370 1,537,375 Total funds 2,026,455 2.031.745 The financial ststrments w¢re approved by the trustees on I I Septemb¢r 2024 and signed on its behalf by Q w LLOLL M Mallaby Chairman The notes on pages 7 to 13 forni an integral part of these financial 5tat¢rnents.
Herbert William Mawer Trust Notes to financial statements for the year ended 31 December 2023 Accounting policies The principal aOuntIng policies are Sunsed below. 1.1. Basis of ac¢ountAng The financial statements are prepared under the historiul cost convention and in accordance with Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019) and the Charities Act 2011. The financial statements are prep3red in sterlin& Nvhich is the functional currency of the entity. 1.2. Cashflow The charity has taken advantage of the exemption in FRS102 from the requirement to produ¢¢ a cashfiow statement because it is a small charity. 1.3. Fund accounting Unrestricted fimds are fimds which are available for use at the discretion of the trustees in furtherance of the general objectives of the clwity. Restricted fimds are funds which can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specifted by either th¢ Charity or the donor. 1.4. Incoming resources All incoming resources are included in the statement of fuwi¢ial activities when the charity is entitled to the income and the amount can be quantified wtth reasonable accuracy. The following specific policies are applied to particular categories of income: Income from investments is included in the y&qr in which it is rec¢ivable. 1.5. Resources eipended Expenditure is recognised on an a¢¢rual b&sis as a liability is in¢u¢d. Expenditure includes any VAT which annot be fully recovettd. and is reported as part of the expenditure tr) which it relates. Costs of generating funds comprise the costs associated with attraIng voluntsry income. Charitable expenditure comprises those costs incurTed by the charity in the delivery of its activiti¢s and services for its beneficiaries. It includes both costs that can be allated directly to such activities and those wsts of an indirect nature necessary to support them. Support costs include central function and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. allo¢ating property costs by floor affas. or per capit4 staff costs by the tirne spent and other costs by their wge.
Herbert William Mawer Trust Notes to financial statements for tbe year ended 31 December 2023 1.6. Tangible red assets and depreciation These are capitalised if they can be used for nkore than one YUT and cost at least £l.000. They are valued at ¢ost. or if gifte at the value to the charity on receipt. Tangible fixed assets are ststed at cost less accumulat¢d depreciation. Depreciation is provided at rdtes calculated to write off the cost less residual value of each asset over its expected efiJI life, as folloM%: Equipment On a reducing balance at 50/9 per annutIi 1.7. Heritage assets The charity holds heritage assets. whirh are tsngible fixed assets of bistoricaL artistic or scientific importance that are held to advance preservation and conservation objectives of the ¢harity. Newly pur¢has¢d heritage assets are apitslis¢d and included at cost including any incideThtal expenses of acquisitio Where heritsge assets were acquired in p&st accounting periods and not capitslised, it can Ix difficult or costly to attribute a cost or Wdlue kn them. In such c&8es, these assets are excluded from the balance sheet if reliable cost infornmtion is not available and conventional valuation approaches lack sufficient reliability or significant costs are involved in the reconstruction or analysis of past accounting records or in valuation. which are onerous compared with the additional benefit derived by users of the accounts in assessing the trustees stewardship of the assets. The very long expected lives of heritage assets, due to their nature. value and need to be protected and preserved means that depreciation is not material and is. therefore. not provided. 1.8. Investment properties Fixed asset investments are initially recognised at their transaction cost and subsequently me&sured at market value at the Balance Sheet date. Investment gains and losses, vthether r¢alis¢d or unrealised. are combined and presented aS'Gainsl(sses) on investments, in the Statement of Financial Activities. 1.9. Intangible fixed assets BPS entitlements are written off in equal annual instalments over the estimated useful economic life of 9 years. Investments 2023 TotAI 2022 Total Rents received Bank interest received 52.706 1,650 54,684 1,327 54,356 56,011
Herbert William Mawer Trust Notes to finaneial statements for the year ended 31 December 2023 Charitable activities 2023 Total 2022 Tot41 Admissions 10.373 7,873 10,373 7,873 Other incoming resoureLs 2023 Total 2022 Total Rural payments agency Miscellaneous income 3.639 8.047 4,479 8,262 11,686 12.741 Charitable activities 2023 Totsl 2022 Total Repairs and maintenance B2tes and water Light and heat Insurance Governance and support costs 47.407 9.480 4.853 15,797 34,372 42.845 5.131 4.966 13,691 26,783 111.909 93.416
Herbert William Mawer Trust Notes to financial statements for the year ended 31 December 2023 Analysis of governance and $upport costs Chgritable activiti&s 2023 Total 2022 Total Governance costs A¢¢ountancy Management services Professional fees 1,440 17.359 10.992 1,440 17.359 10.992 1.020 16,705 5,086 ort costs Telephone Printing postage and stationery Advertising Subscription5 Depreciation Sundry expenses 1,870 487 764 251 472 737 1,870 487 764 251 472 737 1,653 393 136 475 1,104 34.372 34,372 26,783 Employees Employment eosts No salaries or wages have been paid to employees during the year. Number of employees The average monthly nwnbers of employees (including the trustres) during th¢ y¢ar. calculated on the basis of full time equivalents, was as follows: 2023 2022 Number Number TnteeS 7.1. Trustees, emoluments During the year no trustee5 (2022 - none) were rcimbursed for any CXP¢DSCS incurred. Neither the tnteeS nor any person connected with them received any remuneration during the year (2022 - none). io
Herbert William Mawer Trust Notes to financial statements for the year ended 31 December 2023 Kntangible red assets Entitlements Total Cost At l January 2023 and At 31 December 2023 3.600 3,600 At l January 2023 Charge for the year 1,600 400 1.600 400 At 31 December 2023 2.000 2,000 Net book values At 31 December 2023 1.600 1,600 At 31 December 2022 2.000 2,000 Tangible fixed assets Equipment Total Cost or valuation At l January 2023 and At 31 December 2023 43,630 43,630 Depreciation At l January 2023 Charge for the year 42,198 72 42,198 72 At 31 December 2023 42.270 42.270 Net book values At 31 December 2023 1,360 1,360 At 31 December 2022 1.432 1,432 li
Herbert William Mawer Trust Notes to financial statements for the year ended 31 December 2023 10. Heritage assets Sion Hill Hall TotAI nd collertion Cost At l January 2023 and At 31 December 2023 468.912 468,912 Net book values At 31 December 2023 468,912 468,912 At 31 December 2022 468,912 468,912 All Heritage assets were acquired by the charity on dates earlier than the previous S year5 and therefore no analysis of historical expenditure is shown. 11. Fixed asset investments Investment properties Total Valuation At l January 2023 Disposals 1.369.610 1,369,610 (36,653) (36.653) At 31 December 2023 1.332.957 1.332.957 Historical cost as at 31 December 2023 31,500 31,500 Inve5tmcnt properties We revalu¢d by the TnLSt¢¢s in June 2021. In the opinion of the TnteeS there has been no material change to the value of these properties between June 2021 and the balance sheet date. 12. Debtors 2023 2022 Trade debtors Prepayments and aG¢rued income 1,025 1,275 739 1,025 2,014 12
Herbert William Mawer Trust Notes to financial statements for the year ended 31 December 2023 13. CredAtors: amouDts falling due witbin olle year 2023 2022 Other creditors Accruals and defrrred income 2,585 3,208 2.585 1.488 5,793 4,073 14. Analysis of net assets between funds UDr¢strieted Endowment funds funds Total funds Fund balances at 31 D¢¢¢mber 2023 &8 represented by: Intangible fixed assets Tangible fed assets Current assets Current liabilities 1,600 IJ08.858 227,420 (5,793) 1.600 1.803.228 227.420 (5.793) 494.370 1,532,085 494,370 2,026,455 15. Unrestricted funds At l Jgnuary 2023 Incoming resources Outgoing Gaills and At resources losses 31 December 2023 General fimds 1,537.375 76.415 (111,909) 30,204 1,532,085 16. Endowment funds At At l Janugry 2023 31 December 2023 Pennanent Endonent 494.370 494.370 17. Related parties There were no transactions with related parties during the year. 13