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 T￿Stee'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 dol￿pIpeS 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 CarrIed￿Ut 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 attra￿lon 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 ace￿al 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 D￿ernber 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
ACc￿￿lS 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