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 Tr￿tee$.
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 t￿￿t 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 h0￿C 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 n￿jOr 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 d￿rease 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 A￿epted 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 a￿￿raCY 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 reCo￿lsed 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 a￿OuntIng policies are Sun￿￿sed 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 attra￿Ing 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 all￿ated 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 r￿ed 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
Tn￿teeS
7.1. Trustees, emoluments
During the year no trustee5 (2022 - none) were rcimbursed for any CXP¢DSCS incurred.
Neither the tn￿teeS 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 r￿ed 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 Tn￿teeS 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 f￿ed 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 Endo￿nent
494.370
494.370
17.
Related parties
There were no transactions with related parties during the year.
13