Herbert William Mawer Trust Trustees, report and financial statements for the year ended 31 December 2024 Charity number: 502772
Herbert William Mawer Trust Contents Page Legal and administrattve inforniation Trustees report Independent examiners, report Ststement of financial activities Balance sheet Notes to the financial statements 7-13
Herbert William Mawer Trust Legal and administrative information Charity number 502772 Registered office Sion Hill Hall Kirby Wiske Thirsk North Yorkshire Y07 4EU Trustees M Mallaby R W Rusby W Calvert Independent Examiners Mr B Cross ACA The Barker Partnership Chartered Accountants 17 Central 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 2024 The trustees present their report and the financial statements for the year ended 31 December 2024. The trustees who served during the year and up to the date of this report are set out on page l. Structure) governance and management Governing doctlmenl The Herbert Williarn Maw¢r Trust is regulated by a Trust Deed dated l October 1973 and a supplemental deed dated 12 August 1982. Appointment of trustees The trustees are appointed by a resolution of the Trustees p&ssed by a majority of the Trustees. Objectives and activities Summary ofthe objects ofthe charity set out in ils governing document The trustees shall stand possessed of the museum property upon trnst to 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 Colleclion and for no other purpose whatsoever and shall stand possessed of the Mawer Collection upon trust for the purpose of its public exhibition in the museum property. The Herbert William Maw¢r T exists to preserv¢ Sion Hill Hall and its estate permanently for the benefit of the nation, and to display the Herbert William Mawer collection of antiques and works of art within the house. To achieve thls the TStee'S aim to maximise the return from letting those parts of the property endowrnent not open to the public. and from investments held. Entrance fees are charged for a¢¢ess to the house and gardens. The pricing policy reflects the Trnstees policy of enabling as many people as possible to enjoy the house and its collection. whilst providing some income to help sustain ongoing maintenan¢¢ costs. To this end prudent management of the Trusts finances are of prime importance. maintaining suifjcient funds to secure the long-terni objectives of the founder. When reviewing the charity's obje¢iives and activitles and future plaL8 the trustees have referred to the guidance contsined in the Charity Commission's general guidance on public benefit. Achievements and performance The House The house is in remarkably good condition considering its age and construction. A generdl on-going maintenance programme is carried out throughout the year including repairs and repainting of the original window sills. Cleaning and necessary repairs to the rain water dolpIpeS and gutters. The annual spring clean of antiques and works of art was onducted in April. The maintenanc¢. and setvicing of the burglar and fire alann was carried out in Spring. Extemal lighting was replaced and upgTaded to improve security and provide additional light during ihe winter months. Additional dehumidifiers were put in place in the house to control the temperature and humidity. and help preserve the antiques and works of art. The Gardens and Grounds The extensive garden and grounds requir¢ on-going maintenance. Hedge trimmin& topping up the grnvel pathways and drive. renewing of boundary fences and repatrs took place. Entrance Fees House and garden tours were condu¢t¢d throughout the year by prior appointment. Entrance fees have remained the same as last year to. in consideration of the increased cost of living, Éo encourage visitors to the house and garden. The Trust continues to receive positive feedback from visitors cnjoying th¢ beauty of the house. 8arden, and its traThquil surroundings. The Stable Block Coach House andJoiner's Workyhop Th¢ Trust continue to let these premises whenever possible. Repairs and maintenance are CarrIedUt throughout the year.
Herbert William Mawer Trust Report of the trustees for the year ended 31 December 2024 Falconry Centre The Falconry Centre continues to attract a good number of visitors to the Estate. and is a major visitor attralon in the area. Sion Cotlage The Trust continues to let this prop¢rty. Following a change of tenanL improvements and upgrades have been carried out on the property including the heating system and energy efficiency. Sion Lodge The Trust continues to let this property. Ongoing maintenance and repairs have been carried OUL 40a and 40b Topcliffe Road This property was in bad repair and required extensive renovation wotk and re-roofjng. Following consultation. the Trust di5p¢rsed of the property whereby the proceeds were invested to support the Trusts aims. Financial review Reservespolicy The net assets of the charity have decreased in the year by £45.978 from £2.026.455 10 £1.980,477 (2023 - a decrease of £5.290). Free reserves are calculated as totsl reserves less any restrirted fimds. fixed assets or designated funds. The charity's free reserves were £396.116 &$ at 31 December 2024 (2023 - £221,626). 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 Accepted Accounting Prarfi¢e}. Law applicable to charities in England and Wales requires the trustees to prepar¢ financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these fmancial statements the trust¢¢s are required to: select suitable accounting policies and then apply them con5iSt¢ntly- observe the methods and principles in the Charities SORP. make judgements and estimate5 that ar¢ reasonable and prudent" state whether applicable UK Accounting Standards have been followed. subject to any material deparlures disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable stcps for thc prcvcntion and detection of fraud and other I¢gularItIcs. On behalf of the board M Mallaby Date: 29 May 2025
Herbert William Maiver Trust Independent examiner's report to the trustees on the unaudited financial statements of Herbert William Mawer Trust. I report to the trustees on my examination of the accounts of Herbert William Mawcr Trust for the year ended 31 December 2024 set out on pages 2 to 13. Responsibilities and basis of report As the charity trustees you are responstblc for the preparation of the accounts in accordan¢e with the requirements of the Charities Act 2011('the Act). I report in respect of my examination of the Trustee's accounts carried out under section 145 of the 2011 Act and in arrying out my examlnation I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's $tatemeDt I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving m¢ Cause to believe that in any material respect: (i) accounting records were not kept in respect of the Trust as required by section 130 of the Act: or (li) the accounts do not accord with those records. or (iii) the accounts do not comply with the applicable requirements 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 as part of an independenl examination. I have no con¢erns and have come across no other matters in connertion with the examination to vknich attention should be drawi in this rew)rt in order to enable a proper understonding of the accounts to be reached. Mr B Cross ACA The Barker Parthership Chartered Accountsnts 17 Central Buildings Market Place Thirsk North Yorkshire Y07 IHD 29 May 2025
Herbert William Mawer Trust Statement of financial activities For the year ended 31 December 2024 Unrestricted Endowment funds funds 2024 Total 2023 Tot¥1 Notes Income and endowments from: Investhients Charitable activities Other incoming resour¢¢5 45,756 6,352 11.355 45.756 6.352 54.356 10,373 11.686 Total 63,463 63.463 76,415 Expenditure on: Charitable activities 129,030 129.030 111.909 Total 129,030 129.030 111.909 Net ineome (expenditure) (65.567} (65.567) {35,494) Other recognised gains 2nd losses Gains on investtnent assets 19.589 19.589 30.204 Net movement in funds {45,978) (45.978) (5.290) Total fiinds brought forward 16 1.532.085 494.370 2.026.455 2.031.745 Total funds carried forward 1.486.107 494,370 1.980.477 2,026,455 The stateTn¢nt of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses ha5 not been prepared. All of the above amounts relate to continuing activities. The notes on pages 7 to 13 fornj an integral part of these fllwicial statements.
Herbert William Mawer Trust Balance sheet as at 31 December 2024 2024 2023 Notes Fixed assets Intangible assets Tangible assets Heritage assets Investments 1,200 1.292 468.912 1.112.957 1.600 1,360 468,912 1.332.957 io li 1.584.361 1.804.829 Current assets Debtors Cash at bank and in hand 12 1,025 226.394 402.862 402.862 227.419 Creditors: amounts falling due within one year 13 (6.746) (5,793) Net current assets 396.116 221,626 Net assets 1.980,477 2,026.455 Funds Endown¢nt funds Unrestricted income funds 14 494,370 1.486.107 494.370 1,532,085 Total funds 1.980,477 2,026.455 The financial statements were approved by the trustees on 29 May 2025 and signed on its behalf by M Mallaby Chairman The notes on pages 7 to 13 forn) an integrni part of these financial statements.
Herbert William Mawer Trust Notes to financial statements for the year ended 31 Deeember 2024 Accounting policies The principal accounting policies are summarised below. 1.1. Basis of accounting The financial statements are prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities-. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102) (effective l January 2019} and the Charities Act 2011. The fmancial statements are prepared in sterling. which is the functional currency of the entity. 1.2. Cashflow The charity has taken advantage of the exemption in FRS102 from the requirern¢nt to produce a cashflow statement because it is a small charity. 1.3. Fund accounting Unrestricted ndS are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted fijnds are funds which Can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by either the charity or the donor. 1.4. Incoming resources All incoming resources are included in the statement of financial activities when the charity is entitled to the n¢ome and the amount ¢an be quantified with re&sonable accuracy. The following specific policies are applied to particular categories of income: Income from investments is included in the year in which it is receivable. 1.5. Resources expended Expenditure is recognised on an aceal b&sis &$ a liability ts incurred. Expenditure includes any VAT which annot be fully rewve and is r¢port¢d a5 part of th¢ ¢xp¢nditure to which it relates. Costs of generating funds comprise the costs &8sociated with attracting voluntary incorne. Charitable expenditure comprises those costs Incurr by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and th05¢ ¢0sts 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. allocating property costs by floor areas, or per capiti staff wsts by the time spent and other costs by their usage.
Herbert William Mawer Trust Notes to financial statements for the year ended 31 December 2024 1.6. Tangible fixed assets and depreciation These are capitslised if they ¢an be used for more than one year and cost at least £l.000. They are valued at cost. or if gifted, at the value to the charity on re¢¢ipt. Tangible fixed assets are ststed at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: Equipment On a reducing balance at 59/0 per annum 1.7. Heritage assets Th¢ charity holds heritage assets, which are tangible fixed assets of histt)rical. artistic or scientific importance that are held to advance preservation and conservation objectives of the charity. Newly purchased heritage assets are capitalised and included at cost including any in¢idental expenses of acquisition. Where heritage assets were acquired in past accounting periods and not ¢apitslised. it can be difficult or costly to attribute a cost or value to them. In such cases. these assets are excluded from the balance sheet if reliable cost infornlation is not available and conventional valuation approaches lack sufficient reliability or significant costs are involved in the reconstru¢lion or analysis of past accounting records or in valuation, which are onerous compared with the additional benefit d¢riv¢d by users of the accounts in assessing the ttvstees 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. Investment properties Fixed asset investments are initially rewgnised at their transaction cost and subsequently m¢asured at market value at the Balance Sheei date. Investment gains and losse5, whether realised or unrealised. are combined and presented as 'Gains/(Losses) on inveslments. in the Ststemenl of Financial Activities. Intangible fixed assets BPS entitlements are WTitten off in equal annual instslments over the estimated useful econornic life of 9 years. Investments 2024 2023 Total Rents received Bank interest re1Ved 42.730 3.026 52,706 1,650 45,756 54,356
Herbert William Mawer Trust Notes to financial statements for the year ended 31 December 2024 Charitable activities 2024 Total 2023 Total Admissions 6.352 10,373 6,352 10,373 Other incoming resources 2024 Total 2023 Total Rural payments agency Miscellaneous income 7,674 3.681 3.639 8,047 11,355 11,686 Charitable activities 2024 Total 2023 Total Repair5 and maintenance Rates and water Light and heat Insurance Governance and support costs 61.610 13,916 5.446 17.628 30,430 47,407 9.480 4.853 15.797 34.372 129.030 111,909
Herbert William Mawer Trust Notes to financial statements for the year ended 31 December 2024 Analysis of governance and support costs Charitable activities 2024 TotAI 2023 Total Governance costs Accountancy Management services Professional fees 1.444 17.375 7.194 1,440 17,359 10,992 17.375 7.194 ort costs Telephone Printing postage and stationery Advertising Subscriptions Depreciation Sundry expenses 2252 176 429 276 468 816 2,252 176 429 276 468 816 1,870 487 764 251 472 737 30.430 30.430 34.372 Employees Employment Costs No salaries or wages have been paid tt) employees during the year. Number of employees The average monthly numbers of employees (including the trustees) during the year. calculated on the basis of 11 time equivalents. was as follows: 2024 Number 2023 Number Trustees Trustees, emoluments During the year no trust¢es (202J - none) were reimbursed for any expenses incurred. Neither the trustees nor any person connected with them received any remuneration durlng the year (2023 - none). io
Herbert William Mawer Trust Notes to financial statements for the year ended 31 December 2024 Intallgible fixed assets Entitlements Total Cost At l January 2024 and At 31 December 2024 3.600 3.600 At l January 2024 Charge for the year 2.000 400 2.000 400 At 31 December 2024 2.400 2.400 Net book values At 31 December 2024 1.200 1.200 At 31 December 2023 1,600 1.600 Tangible fixed assets Equipment Total Cost or valuation At l January 2024 and At 31 Dernber 2024 43.630 43.630 Depreciation At l January 2024 Charge for the year 42,270 68 42,270 68 At 31 December 2024 42,338 42,338 Net book values At 31 December 2024 1.292 1.292 At 31 December 2023 1,360 1,360 li
Herbert William Mawer Trust Notes to financial statements for the year ended 31 December 2024 10. Heritage assets Sion Hill HAII and collection Total Cost At l January 2024 and At 31 December 2024 468.912 468.912 Net book values At 31 December 2024 468.912 468.912 At 31 December 2023 468.912 468,912 All Heritage &ssets were acquired by the charity on dates earlier than the previous 5 years and therefore no analysis of historical expenditure is shown. ii. Fixed asset investments Investment properties Totsl Valuation At l January 2024 Disposals 1.332.957 1,332,957 (220,000) (220.000) At 31 December 2024 1.112.957 1,112,957 Historical cost as at 31 D¢c¢mb¢r 2024 31,500 31.500 Investment properties were revalued by the Trnstees in June 2021. In the opinion of the Trustees there has been no material change to the value of these properties between June 2021 and the balance sheet date. 12. Debtors 2024 2023 Trade debtors 1,025 13. Creditors: amounts falling due within one year 2024 2023 Other creditors ACclS and deftrred income 2,585 4.161 2.585 3.208 6.746 5,793 12
Herbert William Mawer Trust Notes to financial statements for the year ended 31 December 2024 14. Analysis of net assets between funds Unrestricted Endowment funds funds Total funds Fund balances at 31 December 2024 as repre5¢nted by: Intangible fixed Sets Tangible fixed assets Current assets Current liabilities 1,200 1.088.791 402,862 (6.746) 1.200 1.583,161 402,862 (6,746) 494,370 1.486,107 494.370 1.980.477 15. Unrestricted funds At l January 2024 Ineoming resources Oulgoing Gains gnd At resources 105ses 31 December 2024 General funds 1.532.085 63.463 {129.030) 19,589 1.486.107 16. EndowmeDt fund$ At I JAlluary 2024 31 December 2024 At Permanent Endowment 494.370 494.370 17. Related parties There were no transactions with related parties during the year. 13