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2024-12-31-accounts

COMPANY REGISTRATION NUMBER: 1190087 (England & Wales} CHARITY REGISTRATION NUMBER: 503983

DERBYSHIRE HISTORIC BUILDINGS TRUST

(A company limited by guarantee)

Annual Report and Financial Statements for the Year Ended 31 December 2024

Hunter Jones Alton Chartered Accountants 36 Bridge Street Belper Derbyshire DE56 1AX

HUNTER JONES ALTON CHARTERED : 2Ba é). "@ ) ACCOUNTANTSEstablished 1927

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DERBYSHIREHISTORIC BUILDINGS TRUST

Contents of the Financial Statements for the Year Ended 31 December 2024

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||||| |---|---|---|---| |Page| |Legal and|administrative|information|1| |Report of the trustees|and directors|2-4| |Statement of trustees’|responsibilities|5| |independent examiner’s|report|6| |Statement of financial|activities|7| |Balance sheet|8| |Notes to the|financial|statements|9-14| |Detailed statement of financial|activities|15|

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DERBYSHIREHISTORIC BUILDINGS TRUST

Legal and Administrative Information for the Year Ended 31 December 2024

COMPANY REGISTRATION NUMBER: 1190087 (England and Wales) REGISTERED CHARITY NUMBER: 503983 REGISTERED OFFICE: 1-3 Greenhill Wirksworth Derbyshire DE4 4EN

TRUSTEES AND DIRECTORS OF THE TRUST:

Mr D Latham Chairman Dr | Webster ; Mr A Morrison Mr B Joyce Mr 0 Gerrish Ms E Stoppard : Mr P Milner Mr D Greenway Mr R Wood CONMIPANY SECRETARY Dr | Webster BANKERS: TSB Bank Pic 27 Market Place Chesterfield S40 1PN

INDEPENDENT EXAMINERS: Hunter Jones Alton Chartered Accountants 36 Bridge Street Belper Derbyshire DE56 1AX

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DERBYSHIRE HISTORIC BUILDINGS TRUST

Report of the Trustees and Directors for the Year Ended 31 December 2024

Derbyshire Historic Buildings Trust is a registered charity and a company limited by guarantee and is therefore governed by a memorandum and articles of association. The trustees, who are also the directors for the purposes of the Companies Act 2006, have pleasure in presenting their annual report and financial statements for the year ended 31 December 2024. The trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Principal activity

The principal activity of the charitable company is the identification of neglected or abandoned historic buildings in Derbyshire in danger of decay or demolition, and to work for their preservation and modernisation without damage to their essential character.

Structure, governance and management

The organisation is a charitable company limited by guarantee, not having share capital. It was incorporated on 11 November 1974 and registered as a charity on 4 March 1975. The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association. The trust adopted revised articles of association on 26 July 2017. in the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and appointment of trustees

The affairs of the trust are managed by the trustees. The number of trustees shall not be less than three.

Individual members are appointed for a term of three years. Members retire by rotation under article 10.7 of the memorandum and articles of association.

Trustees are selected having regard to the skills, knowledge and experience needed for the effective administration of the charity. i

Organisation

The charity is controlled by the board of trustees. The trust relies on the support of volunteers as required to further the aims and objectives of the trust. The trust procures the services of independent experts as and when required. The trust now has two employees, who are involved in the direct charitable activities of the trust.

Related parties

Full disclosure of all related parties and the transactions therewith are contained in the notes to the financial statements.

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DERBYSHIREHISTORIC BUILDINGS TRUST Report of the Trustees and Directors for the Year Ended 31 December 2024 ‘continued

Risk management

The trustees continue to identify, monitor and advise on the major risks that face the trust. The trustees are content that all major risks have been identified, and appropriate measures are in piace so that, under normal circumstances, the potential impact on the trust will be minimised should any of those risks materialise. The trust applies for grants to minimise the financial risk of project costs.

OBJECTIVES AND AIMS

As already stated, the trust’s aim is to identify neglected or abandoned historic buildings in Derbyshire in danger of decay or demolition, and to work for their preservation and modernisation without damage to their essential character. The trust co-operates in the compilation of Derbyshire County Council's list of historic buildings judged to be at risk from neglect or misuse. The trust’s policy is to only acquire buildings for which no other restorer or purchaser appears. Where possible it persuades others to undertake the work, to sell or to find an appropriate other use, usually by giving advice or sometimes througha feasibility study. The work of the trust includes advising owners on the preservation of historic buildings in and around Derbyshire and carrying out feasibility studies to aid in their preservation when requested to do so. ,

ACTIVITIES, ACHIEVEMENTS AND PERFORMANCE

Significant activities

During 2024, the trust has let Wingfield Station on normal commercial terms to a single tenant. During the year, the trust secured a large National Heritage Lottery grant to conduct a survey of buildings at risk in two local government areas of Derbyshire. The grant will also fund training for several groups on the skills needed to renovate historic buildings. In addition, the trust continues to be involved in several other potential restoration projects where the outcome is currently unclear.

investment performance

Investment income includes rent and service charges for property lettings, and interest on cash balances. Investments have performed in line with the trustees’ expectations for the year. These included a recognition that income might fall as capital works were carried out on Hopkinson's House. These works are expected to improve medium and long term income.

Internal and external factors

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Grant income continues to be the trust's major source of income. Grani givers, whether government bodies or private foundations, now expect to see their funding do much more than simply restore an historic building. They wish to see clear benefits to local communities, in terms of improving employment, skills and community activity. The trust has developed its strategy and activities to reflect these wishes of potential funders. Part of this strategy is to diversify the trust's income sources by generating higher levels of rental income from a larger portfolio of owned properties.

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DERBYSHIREHISTORIC BUILDINGS TRUST

Report of the Trustees and Directors for the Year Ended 31 December 2024 (continued

FINANCIAL REVIEW

Reserves policy

The trustees consider that the present level of reserves is sufficient to enable the trust to activate and research new projects prior to receipt of grants. The trustees are confident that the trust has adequate free reserves to provide financial stability over all activities and further developments of the trust.

Principal funding sources

Principal funding sources include rent received from properties and grants from local and national bodies. The trust also seeks to raise funds from individuals and organisations to help with individual projects and activities.

investment policy and objectives

Under its memorandum and articles of association, the charity has the power to make any investment which the trustees see fit.

CONNECTED CHARITY

There is no charity which is a connected charity to the trust.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO INDEPENDENT EXAMINERS

The trustees of the charitable company who held office at the date of approval of this annual report confirm that:

independent Examiners

A resolution proposing Hunter Jones Alton be re-appointed as independent examiners of the charity will be put to the members at the Annual General Meeting.

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Approval
dD has been approved by the trustees and is signed on its behalf by:
Wp Me... Mr D Latham - Chairman Dated:ose YW LS
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DERBYSHIREHISTORIC BUILDINGS TRUST Statementof Trustees’ Responsibilities

The trustees (who are also the directors of Derbyshire Historic Buildings Trust for the purposes of company law) are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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DERBYSHIREHISTORIC BUILDINGS TRUST

independent Examiner’s Report to the Trustees of Derbyshire Historic Buildings Trust

| report to the charity trustees on my examination of the financial statements of Derbyshire Historic Buildings Trust (‘the Company’) for the year ended 31 December 2024.

Responsibilities of trustees and basis of report

As the charity's trustees {and also the directors for the purposes of company law) you are responsible for the preparation of financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 {‘the 2011 Act’). In carrying out my examination, | have followed the Directions given.by the Charity Commission (under section 145{5){b) of the 2011 Act).

independent examiner’s statement

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination which gives me cause to believe that in any material respect:

  1. accounting records were not kept in accordance with section 386 of the 2006 Act; or

  2. the accounts do not accord with these records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

i have ne 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.

Signed: ny n.. Resoetl. Dated: 24/07 [Road

Mrs Fiona E C Bennett FCA

Relevant professional body: Institute of Chartered Accountants in England and Wales (ICAEW) .

Hunter Jones Alton Chartered Accountants 36 Bridge Street Belper Derbyshire DE56 1AX

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DERBYSHIREHISTORIC BUILDINGS TRUST

Statement of Financial Activities for the Year Ended 31 December 2024

Summary income & Expenditure Account

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||||||| |---|---|---|---|---|---| |Notes|Unrestricted|Total|Total| |Funds| |2024|2023| |£|£|£| |Incoming|resources| |Charitable|activities|3|76,948|112,564|893,391| |Investment|income|4|52,622|17,006|22,933| |Total|incoming|resources|129,570|129,570|916,324| |Resources expended| |Charitable|activities|5|150,613|150,613|982,887| |Total|resources expended|150,613|150,613|982,887| |Net outgoing|resources|(21,043)|(21,043}|(66,563)| |Reconciliation|of funds| |Total|funds|brought forward|335,861|385,861|452,424| |Total funds|carried forward|14|364,818|364,818|385,861|

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All of the charity’s activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 14.

The notes on pages 9 to 14 form an integral part of these financial statements.

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DERBYSHIREHISTORIC BUILDINGS TRUST (Registration number 1190087)

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|||||||| |---|---|---|---|---|---|---| |Balance|Sheet|as|at|31|December|2024| |Notes|2024|2023| |£|£| |Fixed|assets| |Tangible|assets|10|630,000|630,000| |Current|Assets| |Debtors|11|1,412|161,521| |Cash|at|bank and|in|hand|201,408|117,601| |202,820|279,122| |Creditors: Amounts falling|12|(18,002)|(73,261)| |due|within|one year| |Net current assets|—_|184,818|205,861| |Total|assets|less current|liabilities|814,318|$35,861| |Creditors: Amounts|falling due|after more|13|(450,000)|(450,000)| |than one|year| |Net|assets|364,818|385,861| |Charity funds| |Unrestricted|funds|14|364,818|385,861| |Total funds|364,818|385,861|

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For the financial year ended 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

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The financial statements on pages 7 to 14 were approved by the trustees and authorised for
issya on {Z...6 E-Jorse signed on their behalf by:
u [m.waAstof
Mr D Latham — Chairman Dr | Webster
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The notes on pages 9 to 14 form an integral part of these financial statements.

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DERBYSHIREHISTORIC BUILDINGS TRUST Notes to the Financial Statements for the Year Ended 31 December 2024 1 BASISPREPARATIONOF

1.4 Basis of accounting These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

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The trustees assess whether the use of the going concern basis is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The © trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

2 ACCOUNTING POLICIES

Recognition of income

Membership

Income from life memberships is accounted for on receipt.

Grants and donations

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Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP}.

2.2 Expenditure and liabilities

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Liability recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

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DERBYSHIREHISTORIC BUILDINGS TRUST Notes to the Financial Statements for the Year Ended 31 December 2024 (continued

Resources expended

Expenditure is accounted for on an accruals basis. All costs are allocated to the applicable expenditure heading that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated ona basis consistent with the use of resources.

Governance and support costs

The charity has incurred expenditure on support costs. Such costs are allocated ; between governance and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2.3 Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.4 Assets

Tangible Fixed Assets

Office and computer equipment and leasehold property are initially recorded at cost, less any subsequent accumulated depreciation and subsequent impairment losses. Freehold property including investment property is included at valuation, which is subject to annual review by the trustees.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its useful economic life.

, Office and computer equipment - 25% on reducing balance Land and buildings - Not depreciated

Depreciation is not charged on land and buildings as the assets are continually maintained to a high state of repair, improved or extended from time to time, such that their useful economic lives are so long and residual values, based on latest valuations, so

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4 INVESTMENT INCOME

DERBYSHIREHISTORIC BUILDINGS TRUST

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued

high that any depreciation is immaterial, such assets being subject to annual impairment reviews.

Trade debtors

Trade debtors are measured on initial recognition at settlement amount after any amount advanced to the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

2.4 Taxation

The Trust is exempt from corporation tax on its charitable activities.

2.5 Fund structure Unrestricted income funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity.

Restricted income funds are those funds for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

INCOMING RESOURCES FROM CHARITABLE ACTIVITIES

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|||||||||| |---|---|---|---|---|---|---|---|---| |.|2024|2023| |£|£| |Grants|in|respect|of the|preservation|of buildings|43,692|881,451| |Events|24,145|1,685| |General|donations|9,111|10,255| |76,948|893,391| |All|incoming|resources from|charitable|activities|relate|to|unrestricted|funds.|

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|||||||| |---|---|---|---|---|---|---| |2024|2023| |£|£| |Rents|and|service|charges|49,803|20,777| |Interest|receivable|2,819|2,156| |52,622|22,933| |All|investment|income|relates|to|unrestricted|funds.|

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5 EXPENDITURE ON CHARITABLE ACTIVITIES

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|||||||| |---|---|---|---|---|---|---| |EXPENDITURE|ON|CHARITABLE|ACTIVITIES|7| |2024|-|2023| |£|£| |Direct|charitable|expenditure|103,117|960,276| |Support|costs|(see|note|6}|47,496|22,611|

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DERBYSHIREHISTORIC BUILDINGS TRUST

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued

& SUPPORT COSTS 2024 2023
£ £
Events 13,658 618
Office costs 33,258 21,423
Governance __ 580 570
47,496 22,611

7 NET CUTGOING RESOURCES Net outgoing resources for the year are stated after charging:

2024 2023 £ £ independent examiner’s fees 580 570_ 8 MEMBERS’ REMUNERATION AND BENEFITS No trustees received remuneration, other benefits or expenses for the year ended 31 December 2024 nor for the year ended 31 December 2023.

9 STAFF COSTS

STAFF COSTS
2024 2023
£ £
Salaries and wages 28,363 -
Social security costs 2,450 -
Pension costs (defined contribution scheme) ;
583		 -
Total staffcosts 31,396 -
No employees received remuneration ofmore that£60,000.
The average monthly number ofstaffemployed duringtheyearwas asfollows:
2024 2023
Directcharitableactivities-preservationprojects 2 Nil

The average monthly number of staff employed during the year was as follows:

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DERBYSHIREHISTORIC BUILDINGS TRUST

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)

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10 TANGIBLE
FIXED ASSETS		 Freehold Leasehold Officeand Totals
property property computer
equipment
£ £ £ £
Costorvaluation
Asat 1January2024and 31 480,000 150,000 22,437 652,437
December 2024 ;
Depreciation
Asat1January2024and 31 - - 22,437 22,437
December 2024
Net bookvalue _
Asat31 December2023 and31 480,000 150,000 - 630,000
December2024
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Cost orvaluation at 31 December2024 2024 is represented by:
Freehold Leasehold Office and Totals
property property computer
equipment
£ £ £ £
Valuation 480,000 ~ - 480,000
Cost - 150,000 22,437 172,437
480,000 150,000 22,437 652,437

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included in freehold property is Hopkinson’s House, valued by the trustees at £180,000 on 31 December 2024, based on a valuation carried out on 1 October 2013 by Milner Commercial Chartered Surveyors of Derby in accordance with the Valuation Professional Standards (Red Book) effective March 2012 issued by the Royal Institution of Chartered Surveyors to reflect market value at the valuation date taking into account various lettings and other occupational arrangements. The further £300,000 included within freehold property relates to the value of Wingfield Station, completed in 2023. The trustees consider this to be a fair valuation on 31 December 2024.

The freehold property has been developed by the trust with the aid of substantial grant assistance. Part of the property is occupied by the trust and the remainder is sub-let.

If the freehold property had not been revalued it would have been included at the following historical cost:

following historical cost:
2024 2023
£ £
Cost 10,379 10,379

Leasehoid property relates to the lease on Eccles House Farm which was taken over as part of the merger with the Peak Park Trust in July 2020. The site comprises a listed building with small business units.

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DERBYSHIREHISTORIC BUILDINGS TRUST

Notes to the Financial Statements for the Year Ended 31 December 2024 (continued

i1 DEBTORS
2024 2023
£ £
Trade debtors
VATdebtor		 -
_4At2		 117,274
44,247
42 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 16,459 62,691
Wingfield Station redecoration provision - 10,000
Social securityand othertaxes 963 -
Accruals and deferred income 580 570
18,002 73,261
i3 CREDITORS: AMOUNTS FALLINGAFTERMORETHAN ONEYEAR YEAR
2024 2023
£ £
Wingfield Station 300,000 300,000
Eccles House Farm lease 150,000 150,000
450,000 450,000

Wingfield Station was substantially financed by grants from Historic England and National Heritage. A condition of these grants was that the trust should not sell Wingfield station for a period of ten years from acquisition, unless it was willing to repay the grant or pass the sale proceeds to the grant providers, whichever is the smaller.

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MOVEMENT IN FUNDS

MOVEMENT ININ FUNDS
Balance Incoming Resources Balanceat
at1 resources expended 31
January December
2024 2024
£ £ £ £
Unrestricted funds
General funds 385,861 129,570 (150,613) 364,818
Totalfunds 385,861 129,570(150,613)_—«364,818

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DERBYSHIREHISTORIC BUILDINGS TRUST

Detailed Statement of Financial Activities for the Year Ended 31 December 2024

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2024 2023
£ £
Incoming resources
Incoming resourcesfromcharitable activities
Grants in respectofthe preservation ofbuildings 43,692 831,451
Events 24,145 1,685
General donations 9,111 10,255
76,948 893,391 ©
Investment income
Rentsand service charges 49,803 20,777
Interest receivable 2,819 —_—2,156
. 52,622 22,933
Tatalincomingresources 129,570 916,324
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Resourcesexpended
Direct charitableexpenditure
Preservation projects 103,117 960,276
Governance costs
_ Independent examiner's fees 580 570
Support costs
Office costs 33,258 21,423
Events ° 13,658 618
46,916 22,041
Total resources expended 150,613 982,387
Netincome/{expenditure) (21,043) (66,563)

This page does not form part of the statutory financial statements

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