COMPANY REGISTRATION Numllfi R 01265072 North Craven Building Preservation Trust LIEmited Consolidated Financial Statements For the Year Ei nded 31 Mal'ch 2024 ClIAI'ity Numbei. 505438 NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED LECAL AND ADMINISTRATIVE INFORMATION ChRI'lly Niiinber 505438 Compaiiy R¢glsli'ntlon Number 01265072 Reglstei'eil Offlee Th¢ folly Victoria Street Settle Nortli Yorkshire BD24 9EY Tiiist¢e$ Mrs H E LftEie (Cliair) Mr S Myers (Vice ClIAir) Mr R W Creeiihalgli {Treasurer) Mr S P Garland Mrs L Northrop Mr G P Beiin Ms E R Coulihard Miss C Rosier Ms P Doran Dr C Liiilejohii Miss S M Mnnn Ms H Noble Aiidltoi, ChNmpioIi Accoiinlants LLP Chartered Aecoui)lai)ls & Statutory Audlior Untt 2 Olyinpl¢ Court Wliileliills Biisiness Pork Blackpool Lai)¢asl)ire FY4 5GU Bfijikei's The Co-operalive Bank Uiiity Tnist Bai)k NORTH CRAVEN BUILDING PRESEI RVATION TRUST LIMITED FINANCIAL STATEMEwrs riOR THE YEAR ENDED 31 hlARCH 2024 CONTKNTS PACES Triislees Report liidepeiid¢iit Audilor's Report lo Ilie M¢Jiibers 12-14 Coijsolldated Slal¢nient of Fiii&ncial Aclivllies (Ineorpornling ihe ii)coine and expeiidiluKe accouni) 15 Consolidated Balai)¢¢ Slieel 16 Coiisolldated Slatem¢nt of Cash Fk)ws 17 Noles lo Ili¢ Fiiifiiicial Slalements 18-32 NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED TRUSTEES RII PORT (INCLUDING DIRECTORS REPORT} riOR THE YEAR ENDED31 MARCH 2024 The li'iistees present their ftnnuftl report and financial statem¢iils for the year ended 31 March 2024. Tliis report is ¢oinbiiied ivilli the reports of the Directors of Ihe North Craven Biiilding Pr¢8ervalion Trust Lin)Iied an(1 NCBPT Trading Llihiled os required ty Company laiv. Tli¢ fii)an¢ial stateinents have beeii prepared in accordance ivilh accoui)tin8 policie5 sel out iii iiol¢ I lo 11)e finnn¢ial slalen)ents aiid coimply ivilh tlle cliai'ity's governiiig dociirneiit. Ilie ConipaTiles Act 2006 aiid 'Accouiiliiig ai)d Reporliiig by Charities: Slatemeiit of Recoi)Iiiiended Practice applicable lo chArilies p￿paring Ilieir accoiinls ii) accordance iyiili the financlal Repoiling Siaiidard applicable iii Ilie UK aiid Republi¢ of Irelai)d (FRS 102) (effeclive l Jaiiuary 2019),. OBJECTIVES AND AcfiviTIEI S (INCORPORATING ACHIEVEMENTS AND PERFORMANCE) 'rii¢ obje¢ls of the TrLlSt are, for Ilie beiiefit of the North Craveji comniuiiity. for visilors to the area, aiid for Ili¢ notion at lai'ge to:. Preserve th¢ biiili lierilage it) and aroiiiid Noi'lh Cravell ivhich is oc particular beaiity or hlslorical archliecliiral or ¢OllSlriiclioiial iiil¢r¢sl, ftnd Acquire> preserve, docunient, Interpret and make arcessible exlilbils, obj￿IS find colleclloiis i'¢lailng lo Ili¢ soclnl, agriciilliiri11. iiidiislylal fti)d biiili ciiviroiinieiil of North Craveii, Iliiougli Ili¢ provision of a niiiseuni soivlce for tlie purpose of ediicaliiig and Ii)foriiiiiig Ilie public. The TY1181ees ar¢ aivai¢ of the guidance on public beiKfil piiblished by tlie Cliarilies Coii)iiiission aiid l)ave coii)plled lvllh Ilieir diity lo liave diie regard lo Iliis giiidan¢¢ ivlien exercising aiiy powers OY dillies lo iYl)icli Ilie gui(1oIIC¢ 15 i'elevaiit. Examples of ivlial lias bceti doiie diirlng the year lo carry out cl)arllable purposes for publ1¢ beiielli ere oiitllned beloiv in tlie "Revieiy of Activili¢s' * pai'licularly iindei the 'Miiseun)' and 'Biiildiiis Pi'eservalion, seclions, Successfiil grailt api)lications et)abled the Triist to conlinue Ili¢ progrpmine of repairs lo Tl)e Folly ftnd lo deliver ft raiige of Ciiltur¢il acllvilies. Oi)e ii¢iv property, A Gra(l¢ 11 listed mercl)aiit lioiis¢, Ivas purchased durlng Ilie yeoi.. Major 8raiits frojii Ai'ls Coiincil Eiigland aiid tli¢ Nalioiiftl Lottery Herilnge Fuiid siipporleil Ihe I'e¢riiilii)enl of iieiy staff ond uii(lerpiiined ali initiative lo iiiiprovc uiiderslfinding aiid awareness of Ilie iiiiis¢uni's colleclloiis. RfVILI W OF ACTIVITIES MUSEI UM OF NORTH CRAVLN LIFE Acci'eilltatlon Tlie Miiseiin) coiiliiiiies lo beiiefil froin Fiill Accredilatioii (AN1248) Iiiider the Arts Councll Ef)gland sclieme. Trustees sieve Gai'latld aiid HeAlher Lalie coiiliiiiied to act as AccredilRtloJ) Jnentors, Aequlsltlons Acfjiiisitions of iiote diirliig Ihe year., Al Ilie InsllgAtlon of Kalliariiie Holines, Illree collages of local subjecls by her graiidmolher, artist Coi)stanc¢ Pears011, Ivere IloiiRled by Ilic Ficl(I Studics Coiincil Prior to (lie ¢losiire ofTani Hoiise, Molliftin, aloi)g ivitl) a quaiitity of ar¢lilval and pliologrnpl)i¢ iiiaierial. Doris Rolir donated a selecllon of archival materlals froln the colleclioii of th¢ lat¢ David Alder, poslinast¢r in Higli B¢iitl)aiii since 1992. Johi) Killick 811d Phoebe Caldivell donated aroiind 4001)ooks and pamphlels to tlle museum's Conteii)poraiy Poetry Libi'ary. Malhamdfile Local Hislory Group gifted a niiinber of Hon)er stiidio portraits. HSBC in Settle donated livo groiips of indentures on pftrclin)enl froni the mid-18th century* pertftiiiing lo ilie sale ofproperly iii Long Pr¢slon. Michael Singletoii doiiate(l a 1795 list of landoivllers itt Settle, Giggleswtck and Benth￿n. The Hon. Curator preseiiled an ¢arly 19 century ivatercolor of Gaping Gill by ali ui)knowAI llaiid. Horton History Group ivas Ivound lip and transferred Its reinaii)ing assets to (lie M115eum. Dr Biick's aiitograph book, illcludiiig Ihe signatures of Alice and Edivard Elgar, Ivlls purchased froni eBay for £250, NORTH CRAVII N BUILDING P￿1 SERVATION TRUST LIMITED TRUSTECI S REPORT (INCLUDING DIRiocfoRS RKPORT) IOR THE YEAR ENDED JI MARCH 2024 Collee110115 CHr¢ Volui)leers eonliniied iyiih Ilie routine cleaiiiiig ofsloyes and obje¢ls on open display. Robiii Biiiidy provided ii)valiiable Assislai)ce ivilh object pliologyapliy. Nicol¢ Tlioi)iassin reorgaiiised the filiiig c&biiiels conlftihlng Ilie TrLisI's inslllutlonnl i'¢l)ive, incliidlng materlals relurned froiii HTNW. A Iieiv programme of objwl cleaiilng began iyiili ileins belng packed for removal diiriilg Ihe decBI)t of the gall¢ric5 In Deeeiiiber. The Hoii, Curaior arfended a series of 11)ree colle¢liony chre Irainiiig evenl8 provid¢d by Miiseiims Developnienl Yorkshire and an object haiidliilg session, led by Jei)ny Hill from Crnvei) Miiseiim, Ivas offered lo all voluA)leers. Th¢ appoliitineiil of a Collections Maiiager and Do¢iiii)eiitilioii OfTicer enabled A i¢vi¢w of ¢olleclioiis car¢ priorilies, be8ini)iiig In March 2024. Dlgllfil Offtr Tlie HonorAry Ciiralor ai)d Herilage D¢velopnient Officer Continued lo ni8iiilain Ilie websile, updAliiig lh¢ inforinftlion oil the piibli¢ pi'ogYaini?i¢ and r¢Jiovalion work. Durin¥ the year, Ille ivebsile rcccived over 47,000 poge vlews froin over 7,800 unique iisers. Oiii. so¢lal niedlA folloiviiig conllniied to Improve, Ivilh help from members of Ilie Coffee Hoiise le4m. We l)ad 3,373 rolloivers coinbiiied across facebook, Iiisla8raiii aiid X (Tivilter) diirii)g11)e yertr lo 31 fvlar¢li 2024, The Herlillge TTUSI Network allocAted 40 Iloiirs of supporl iiiider Ihe Diglial Heroes Scheine and ivas assi&Jiied lo de5igii proii)olloi) foi. Ili¢ Hoyner pholo8¥aplii¢ project, slarling in s¢pl￿nber 2023. E(lucftlloii Tlie Hcrltftge Developineiit oificer ¢onllniied lo develop a ran8¢ of iiiformRI learnii)g nialerials aiid trails lo coiiii)leinent our exi)lorer bqlckpacks oiid story sa¢ks. Ctxft aclivliles hAd an ediicalional focus, linked lo Ili¢ Miiseiiin colleciloiis niid exl)Ibilions. Tlie Miiseuiii joiiied 11)e Out of Ihe Box projecl, siipi)orted by NYC and desigtied lo make ¢ollecllons i)ioi accessible for l¢a¢liers aiid piipils vla a bespoke w¢bsil¢: Iitips:Iloiiloftlieboxl¢prning.or81 Exhll)Illons and Events Exlilbltloii ro Feb - l Jiily 2023 'A Seiise of PlR¢e: Mapping Norlli Craven, a hisiory ofiocal carlogrfipliy fealiiriiig 1)iai)s froiii the iiitiseiini's eolle¢ilons 'Loiig Preston Deeps Discovery, (ciealed al￿fIll￿edbY ilie ).￿.k$ll11? Dciles Allll¢iiiiiiiiii Ti'iisl 'Tlie Woilderful Woinen of Selll¢' iiiiages by Artist Teresa Gordon, Iviil) liislorlcal inforinfiiloii b Sarali Lister 'A Life li) Letters, tel) iieiv arlivorks Iiisiilred by Ilie iYYiling ofsetlle i?oet and novelist, Jeaii Harrison coiiiiiilssloii.f lil￿e￿I b Ai'l.Y Coiiii¢ii r iniid 'Tlie World Beiiealli Our Feel, Imoderll caviii81)liolograplis froii) Iviillii) tlie Yorksliire Dales Natioilal Park by Mark Burkey aiid Gary Douihivall¢, ciirjled by Tiin Alleii (fiiiided b)1 Ili¢ Coiiiicll o Noi'ilieiii Cai'ii Cliib 'Fo¢iis oil Norlli Cravei),; liol 'Art foiiiis In Nature: 100 Da 8 Jiily -17 Dec 2023 l Alig- 30 Sepi 2023 7 Oct- 17 Dc¢ 2023 hsb nienibers of Seltle Pliolo s 100 Art%YoYks' b Mark Biiller ra li1¢ Groii A publ1¢ i)rogran)Ine designed lo eiigaBe local resideiils and appeal lo visitors from flirther afield iva5 provlded duylng 11)e year. Parli¢ulMr eiiipl)asis was placed oil In￿ed$11)g our faiiiily aLidieiices. A private vieiy ivas liel(I lo lfiiii)ch 11)e JeRn HHrrison exhibilion irt Jiily. The Sprlng season opened with Easler Egg Hiittl fil￿ Easl¢r egg decorAlloii aclivity, and opportiiiiilles lo hav¢ a go ot drop spindlc spiniiiii8. Groiii)(l Nest Fesl, a feslival on Ilie theme of prolecl?i)g aiid ¢elebraling groiind-iiesling birds in Nortli Craveii IYAS lield 01) Eailh D￿y1 22 Api'il, willi free worksliops sli dance, 5011g, and poetry, aiid dn)p in arts aiid crafts a¢livilies all <111y ill Ilie iiiusemiii. A shorl filii) about riirleiys created by local primary school pupils ivas screeiied as parf of all exliibilion in¢liidlng poslers aiid leaflets Ili¢y had crealed lo campaign for Ili¢ birds, proleclion. The feslival ivas held ii) parliieysliip vllh Wild 1118leboroLigh and Yorkshire Peal PHYliiership, as part of The Wild Escape, made possible by lea(1 $iippoit from Arts Coiin¢il England's Natlonal Lottery PKoj¢ct Grnnls, Ivilh additioiial siipport from 11)¢ Art Fiiiid. Events for tlie May half-tenji iii¢luded Corollallon Medal mftkii)g, a ivitcliillarks craft Hclivily and a Museuin Mystery Trail willi Moiitgoiiiery Boi)bon, iii assoclalion i¥ill) Kids in Museuins. F&n)ily-frieiKlly aclivities in tlie siiinmer NORTH CRAVII N BUILDING PRESERVATION TRUST LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) FOR THE YKAR ENDED 31 MARCH 2024 holidays Included Microgi'een Planling, Mak¢ Your Own Ice Cream, Bubble Day, Pap¢r Macliines, Paper Landscapes 411d a Victoi'iaii School day. Tl)e Autuii)n pi-oEramine began with the Museuin participatiiig ii) Heritage Opeii Days in Septeinbei., Ivitli free toiirs of The Folly, folloived by a spooti carviiig ivorksliop. In Novembei.. Roberl Lloyd Pai'i'y p¢i'foi-med Classic gliost sloi'l¢s of M.R. Jaines over livo coiisecistive evenings and artist Hester Cox ian her popiilai. Christinas Card Linoprint Workshop. Christinas al Tlie Folly offered fi concert by lo¢al singers Octwiieron. We raii free Cllristsnas craft aotivili¢s aiid a historical gftm￿ event oil Satiirdays during the month ai)d ￿ld out afteriiooii tes ivith Fiiilier ClirislAI)as aiid visits to Sai)la's Grotto. 'rwo book signii)8S took plAc¢ al The Folly during Ihe year. 'DAle ivilh Julia Chfii)nian' ali In conversation evei)t iyiih the Dales Det¢cliv¢ aiiihor attracted a capacity aiidien¢e iii April. Hill Famiing il) Ilie Nortli of Bnglaiid laiincl)ed a iiew book by S¢tll¢ i)liolograplici' Jol)n Bentlcy in Noveiiiber. Exleh'iifil eontn¢t$ R¢gular suppoi't iyas pi'ovided by Miiseiiins Developiiieiil Yorkshire (MDY)b qiiarlerly Ineeilngs were lield oiiliiie or In person ivill) Alan Beiitley, Museiiiii Developmeiil officer for West York511ire, Harrogfil¢ aiid Cravci). Tlie Hoiioi'aiy Ciiralor b¢¢ftih¢ a Iiiember of 11)e Associalioii of liidepeiideiit Miiseiinis IIisi8hi Paiiel and alleiided the flrsl Noi'ih Yorksliir¢ Coiiiicil Cultural Syinposiiiii) 011 13 Noven)ber. lil Jiiiie, she ai)d th¢ Herilage Dev¢lopi)iei)t Otricer ftlte)i(led tlie West Yorksliire Foruiij lil Leeds and Mrs L•iie spok¢ a¢ ihe Nortli Yorksliire Foriiin ii)eelin8 li) Hawes, Collii Spenkinaii visited lo disciiss a proposed exhibition on geologist John Pliillips. A licence iyas arr8iiged for Ili¢ use of Horner iiiiages by Ilie Settle Grnveyard Project. Heailier Laiie ai)d C8roline Rosi¢r visited Mall)Ain T&rii Hous¢ at Ilie invilalioi) of11)e Field Sludi¢s Couiicil to assess ilciiis offered for (loiialion. Recipro¢al vislls iYer¢ an'fiiiged willi Sarah Thoi)ia8, Clialr of the Maiior Hous¢ Miiseiiin in Ilkley. The Hoii. Cui'nlor gave a lecliire oil The Folly lo Ilie Eweci'oss Flislorical So¢lety 011 25 S¢pleiiiber aiid visiled I1￿ Peacock & Verity project in Masliam to discuss Iheir i)lai)s for ¢oiiveitlng a foriner shop piriiilses Tiilo housliig• learooiii and a coniniiiiiily arcliive. c8111iii Greeiiwood atleiii Eliirridge In nienjory of li¢r late hiisbaiid Roy Gillson. Ive ivere able to coi)Iii)Issloi) a report oli Ilie Zioii organ. Wilh assislfii)¢e fron) Ben Spiiilders, Director of Muslc for Ilie Diocese of l.ecds, Ive weie able lo arrangc foi. Willi1¢ 11) M¢Vi¢k¢r. orgaiiisl of Ihe ROYHI festival Hall aiid ali aiilliorily on orgaii r¢sloralion, to CHI'ly Out the SLirvey aild the coiiseiisus is thnl Ilie organ is worlli preserving as w) aliliosl iiiialiered exainple of G¢org¢ B¢iisoii's work. Botli oiganisls ¢oiiiin¢nled oix the Cliapel's superlaliv¢ acoiistic. Tlle gi'ounds conliiiued lo be r¢Biilarly n)Aiiilaiiied by oiir voliinleers aiid roisliiie iveekly liispe¢tioii of Ilie buildliigs coiilliliied Ilirou£hoLIt Ilie year. Voliiiileers coiiliniie lo Assist willi cleaiiiiig. The fans aiid dehiiiiiidifi¢Y have liad a slgiiificai)l effe¢l iii reduciiig Ili¢ relhlive hiiinidily iyilliin Ilie Cliap¢l. Di. Buck's House We coniyleied Ilie piirchfise of the Grade11 lisled forjner Naiwesl Bftiik, Market Place. Seltle on I l August 2023, tliailks lo a siibslai)ti&l gift from an aiionyinoiis doiior. Tlie biiildiiig, A mercl)Nnl llouse buill arouild 1787, lias beeii eiiiply foi, a Iiuiiiber of yea15 aitd Is iii need of resloraltoil. We successfiilly applied lo li&ve it reiinmed fis Dr Buck's Hoiise IJ) l)01)oiir of Ils formei. owi)er, Dr Cl)arles W. Buck, Ivliose frieiidship with Sir Edivard Elgar is coi)iiiieniornled by a plaqiie oil Ilie ¢xlerior of Ili¢ biiildiilg. Attempts diirliig Ihe year lo secure fiiiiding for the first round of J'epairs lo Ilie exlerloi, were unsiiccesyfiil. Contscl ivfis lilade ivill) Il)e o¢ciipAiils of Ihe neiglibouriiig properties, Inftiiy of who visited diiring Iwo opeii l)oiis¢ eveiils. Tlie Triisl issiied ali ii)vlifilion to diwiiss any areas of coli￿rI), bLlt the Irai)sfer of oivnei'sl)ip lo NCBPT was iYel¢onied as issues aroiiiid parking Aiid access had already been addi'essed. Truslee G¢d Beni) provided iiivaliiable lielp ivllli opeiling up wovks, elearii)g debri5 aiid niaklng safe tlie area ivliere a Inoderii siaircase l)Ad been renioved, He Also geiieraled over £900 for Ihe developn)eiit fuiid 11)roiigh Ilie sale of scrap iiielal salvaged fi'oiii tlle house. A series of siirveys, illcliidliig Asbestos, pliolographic, siriicliiiBI fiiid M&E i¥¢ro und¢ilaken lo pi'epw Iiiforiiilllioii for fiilure fui)diiig bl Zioii aiid Di, Biick's Hoiise I￿et as reqiiiyed diiriijg Ilie year. Working groups oil Collections aiid Voliinteer Operalioiis iv¢r¢ coiivened a5 required and a new Collectloiis Project Boai'd eslnblisli¢d to act as R sleeriiiB group for Ilic Uiilockiiig Collections aiid Dynainl¢ Colleclloiis pi'ojecls. Neiv Trustees Hre provided wStli a 'Wclcoine Pack. Ivhicli iiicludes Ihe Cliarily Commission's "The Essciilial Truste¢" governaiice dociiiiieiils, history of tlle Triist, mosl r¢ceiii ftiiniial rq)orl aiid a¢¢ounl& iiiiiiules of receiil nieelii)gs, etc. StA Mrs Lynii Norihrop, a Inisl¢e and direclor, ¢oiiliiiued iii posl hs ali Adiiiinlslrator 01) A parl-lliiie coiilracl ivitli v¢sponsibilily foi. HR, liaisoii iyilh siippli¢rs and COlilracloY4 fjre safely and heaiili & safely, Hnd m¥tiiaging I'oiiilii¢ biiildii)g and iiiainlenance ivork ii) Ihe Tnisl's pi'opertics Tli¢ Boftrd lias nliniiled Ilmt Illis 15 lil H¢cordance iyllli Ilie Arlicles of Associalioi) regardiiig I'emuiieralion of Iruslees. She sliared dillies with the Clialr as line 11)Hiiager for Ms Victoria MiirKIIy> th¢ full lijne Colyee House Mw)aBer. Ivlio is respoiisible foi. a leani of full til))¢ ai)d parl-liiii¢ kilclieii Hii(I servii)B slaff. Tlie reinll of tlie Museiiiii's fiill-liine Heritage Developmejii oificer, Dr Caitlin Gi'eeiiivood, iiicliides project niai)agen)eiittr l)Iiblic prograi)11)iing (iiicliidii)g oiiline). relRil and ninrkelitig, dala gailieritig Aiid evaliialioii, alid volunteer developnieiil, Tlic Iriisle¢s agreed lo appoint lier to a pennatienl posl froin l Jaiiiiary 2023, subject lo available fiiiidliig aiid her post iv*s siipported by grants from ACE, NLHF and Ilic Ail Fiiiid diiring this year. Dr Greenivood coiitiniied lo lake i>art in Ilie Herilage Coiiipass wheme, a National Lotlery Heritnge Fuiid Busii)ess Siipporl Progriiinti)e provided by Biisiiiess Support Rilglaiid. iyhich provides meiilowiiig aiid advice, Slie raised a numbef of sn)all graiits. ii)cliidi)Ig fundiiig for a freelance Markeliiig Asso¢i11 le on a shoi1-teriii coiilraci, aiid support fiDni Ihe Royal Society to plaii a festival iyilh ¢iivlronin¢iilal fo¢us to be lield im April 2024. NORTH CRA￿¢ N BUILDING PRESERVATION TRUST LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS REPORT) FOR THE YFAR ENDED 31 MARCH 2024 Tlie Iniiseuii) r¢criiited livo iieiy fiill-tin?¢ members of staff ivilh Dynainic Collections fiinding froin NLHf. Dr Rebec¢ll B¢nnion joined us in Noveiiiber 2023 as Do¢uineiilalioii oificer aiid Mr Carson Murphy it) Marcli 2024 as Collectioiis Manag¢r. Line iiiallageinenl is provided by Dr Greeniyood. Tlie Trust einploys a part-time book keeper. Mrs Wendy Neivhouse. During lh¢ year, diie to ali ij)cirasliig finailcial workload, we recrull¢d an accoiitits Clerk, Mrs Kaihryii Ri¢hafdson. Their line nianag¢r is 11)e Hoiiorary Tr¢astir¢r, Mr Ricliard Greeiilialgh. Mrs AnBelH McEivai) coiilinued as retail associAte for oiie day per week to asslst ivilli Ihe coitti)ier¢ial &spe¢ts of Ilie Miiscum Sliop, supervised by tlie Hcrita8¢ Developineiil Officer. NCIIPT'fRADING LTD NCBiyf Trndiiig Lid, (Conipaiiy niin)ber 10906515), the ivholly oivned subsidiary of Ihe North Cr&vcii Biilldliig Preservftlioii Triist Ltd., Ivas eslablisl)ed on 9 Au8llSt 2017 lo manage all Iradii)g Activity iindertaketi to rnise fiinds for Ili¢ Trust. Dlrcclors of NCBwf Trndiiig Lid as of 31 Marcli 2024 ivere: Mr Ricliard Greeiillalgl), Mr Nlgel Hoiyard aiid Mi's Henlher Lane. Mr Greeilhalgli aiid Mrs Laiie ivere, as of 31 March 2024, also Triisices aiid directors of Norlli Craveii Buildiilg Preservalioii Triisl Lid. Ivitli Mr Hoivard acii118 as ali indepeiiden¢ director. NCBPT I'rading Lid Iiad a liiri)over for 2023-24 of £218,795 (lo ivlii¢li tl)¢ Museuni Sliop coiilribiiled £14,171) ¢oinpaTed iyith the pr¢vious year of £182,223, Ali iiicrease of 20010. In May 2023. Ilie Folly Coffee Hoiise iv8s npined Mu5eiin? Café of Ili¢ Year al Ihe Miiseiim + Heritftge Aiydrds. Ciisloii)er tiiiiiibers recorded via the Coff¢e House till Ivere 31,952, ¢oiiipnred willi 31,126 in the previoiis year, an iiicrease of 2.70/th Speiid per liefid ivas £6.85, lip fi'oni £5.85 in 2022-23. Tliere was iio grailt SilPlKirl diiring Ilie year ftnd, Ivllli risiiig Inflnlioii find ali ii)ci'ease in Ilie iniiiiinuin ivage, NCBPT Troding Ltd niaile ai) overall loss of £18,648 and consequeiilly ivas iiiiable lo iiiake a coiilribulioii loivards the Income of the Triisl, ITINANCIAL REVICW rtliiinclnl r¢vlow The resiills for tlie yeai. shoiv a surplus of £515,733 after adjiislments for granls received iii 11)e yeAr of £371,296 Aii(l an inii)&irnieiil ¢l)41'ge of£108,432 as H coi)sequence of ¢l)e revaliialion of piDpeity. Tlie comparalive figures for Ilie previous yeor ivere an overall siirpliis of £294,750 r¢staled)* eqiiatiiig after adjiistiiieiil for graftls of £335,517 lo An opei'aling loss of £40,767 (as restftled). Total fiiiids carried for%vard are £2,651,538 (2023: £2,135,805 as reslftted), coillprisii18 £1,600,303 of uiireslrlcted fuiids (lJ)¢liidiiig the valiie of property aiid fixed assets ai)d a desi8naled fund of £115,000 for Buildiiig Developiiient) and £1,051,235 of reslyicted funds. Res¢i'v¢$ pollcy It is Ihe policy of the eh11 rity lo maintain free reserves l.e. unr¢slri¢ted fuiids, excluding laiigible fixed assets aiid deslgnaled funds, at a level i¥lii¢h equllles to approxiinalcly six Imonilis unrestricted expendittire, plus tsyo nionlhs expendiliii'e of ils trHdiii8 subsidiary {Ininimiini £55,OCK)). This sliould provide si1￿1Clent fiinds lo ¢ov¢i' Iiiifor¢5een day to day op¢r4llohal cosls, ollier uiiexpecled cosls, any anticipated operaling10sses aild Ilie possibl¢ re¢¢ipt of fiiijding In ai'rears. These free reserve5 iyere iised iii part lo in¢¢1 a shorlfall in stalf5alari¢s. Tlie IrLlSte¢s maiiilain A destgnated reserve flind {¢iirrth)tly £115.000) for ui'geill expeiKlilure on building repair aiid developixenl. Soiirees of Income Tlie principlll fiiiiding sources for tlie Ti'iisl Conliiiiie lo be grnnts and iticoiiie from i'ental properties, eveiits aiid rooi)J liii'e. Gift Aid is also claimed 01) donations. Admission f¢es ivere again i¥aived diiriilg Ilie year to en¢oiir8ge footfall, re5111ting iii inii)roved secotidary spend and donatioiis. Income iM&y also be derived fi'oiii aiiy surplus geiierate(I by oiir trading siibsidiary, NCBwf Trading Ltd., Ivliich manages the Folly Coffee House and the Miiseum Sliop. A strategic obJe¢llvc of the Trust is lo iiicrease sigiiificRiilly Ili¢ income derived froii) tl)e various activities tliat take place witlilii The Folly, or organi5ed Ali exteriial veiiues, such Ilial Il)¢ Trust will becoine fully su51aiiiable. NORTH CRAVEN BUILDING PRII SERVATION TRUST LIMITED TRUSTEES REPORT (INCLUDING DIRECTORS REI PORT> IOR THE YEAR ENDED 31 MARCH 2024 Rlsli InAiingemeJit The Trustees have assessed the Inajor wisks to wliich ihe cliarity is exposed, in parliculhr those related lo Ihe operations and fii)ance ofihe CS)arilable trust, nnd are 5alisfied Iliat sysleims are iii place lo rnillgale exposure lo ihajor risks. A risk regislei. is Illaiiitaiiied and ievieiyed bi-lnonllily by Ihe Trusiees. AUDITOR Clianipioi) Aecoiiiilaiils LLP are deemed lo be re-appoiiiled linder seetlon 487(2} of Ihe ConipAnies Aci 2006, DISCLOSURIL OF INFORMATION TO AUDITOR Eacli of Ilie Iriislees has eoiifiriiied 11)Hl Iliere is no iiiforinalion of whicli 11)ey are awai'e ivhich is relevaiit to Ilic aiidit, bill of wliicl) Ilie Aiidilor 15 Iinaiyare. T51ey llave fiirther confirihed Ilial Ilicy liave lak¢i) appropriate slei)s lo Identify sucli r¢levaiil ii)foi'i))filioii aiid lo establish Ihal Ili¢ auditor is aivare of siicli ihfornimlioii. Tlic Iriislees, report ivas Approved by Ihe BoArd ofTriistees 01123 Septa)Iber 2024. Mrs H E Lane (Chalrj Triisl¢e 10- NORTH CRAVEN BUILDING PRESfRVATION TRUST LIMITED TRusfEKS REPORT (INCLUDING DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEIS, IIESPONSIBILITIIIS STATEMEIYT The TnTSte¢s (wllo are also the direclors of North Craven Biiilding Preservalloii Trust Lliiilled for the piirposes of ii)pany IAIV) 1< ￿ responsibl6 for prepftring the Triislees Annual R¢port and lh¢ fiiian¢ial slatetnenls iii accordance with applicable laiv aiid Uiiiled Kiiigdoiii Accoiinling Siandards {Uiiited Kingdoni Generally A¢c¢pied Accouiiliiig Pra¢tice). Comphiiy Lftiv reqiiires the triislees lo prepare financial statements for eacli financial year wliicli give a Iriie aiid fair vleiy of Ili¢ slate of affairs of Ili¢ Irusl and of Ihe ii)co)ning resources aiid ftpplic81ion of resources, IAi¢luding the incoine and expeiidlture, of tho charitable ¢ompany for that year. li? preparitig these finallcial slateiiiei)Is, Ihe Trustees ire required lo: select sultAble accoiintiiig poll¢ie5 and Ihen Apply th￿n coi)sislently. obs¢rve the iiieiliods and pTlnclplc5 iii Ihc Charilles SORP. moke judg¢iii¢iJls aiid a￿Quili11)S esllmales tlial are TeH$oi)able wid p￿delI1. slnle ivlielher appllcabl¢ UK Accoiiiiliiig SlaiidArds have been folloived, subject lo any Inat¢rial departiires disolosed aiid explAiiied in 11)e fii)an¢ial slalen)ents: aiid prepare Ihe fiiiaiicifil statements on Ilie going concern basis uiiless it is inai)propriote to presiinie tliat tlie cliarity Ivlll continue iii operation. The triistees are responslble for keeplng adequate ￿collI)ling records tliat disclose ivilh reAsoiiable Accuracy al aiiy tiine tlie fiiiancial posilioii of the Iriist aiid enable Ihei)) to ¢iisuYe Ihal Ilie fJiiaii¢ial s181cinenls coinijly ivltli th¢ Compani¢s A¢1 2006. Tliey are also i'espoiisible for saf¢giiftrdi118 Ihe assets of ihe Irusl and hence for takii)g reasotiable steps for tli¢ pi'eveiltion aiid del¢clioii of fraiid piid otli¢r irr¢giilarilles. NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED INDCIPENDENT AUDITOR'S REPORT TO THE TRUS'fEES OF NORTH CRAVEN BUILI>ING PRESERVATION TRUST LIMrrED FOR THE YEAR ENDED 31 MARCH 2024 OPINION We have aiidited Ilie financial statements of Norlli Craven Building Pieseryalioii Ti'iisl Liniiled (Ilie 'pnr¢iit ¢iility') aiid ils siibsidiiry (tlie 'groiip') foy Ilie yeu elided 31 Marcl) 2024 ivliicli coinprise Ilie Consoltdated Staleilienl of Financial A¢tivili¢s, tlie Consoli(faled Balajice Sheel, Ihe Triist's SIAleiiienl of Finftiicial P05ilioii, Ilie Coiisolidpled Slalenient of Cash Flows, tli¢ Triisl's Staleinenl of Cosl) Floiys aiid Ihe iiotes lo the fiiiaii¢ial 51aleihenls, Ii)¢liidiiig a siii))Inaiy of slgi)Ificaiil accouiiliiig policies. Tlie fiiiaiicihl reporliiig framework Ilial hhs been npplied iii Iheii. i)rep8railon Is applicable laiy and Uiilted Kiiigdom Accoiinling Slaiidards, incliiding fiiiancial Repoi'liiig Slandard 102 The Fii)aiiciRI Reporting Siaiidnrd applicable ii) Ilie UK lliid Republic of Irelaiid {Uiilled Kiii8doin Getiernlly A¢¢ept¢d Aceouiiliii¥ Practice). li) oiir opli)ion, Ille fiiiaiicial slalenienls: give a ti'iie and falr vieiv of Ihe slftle of the Tnisl's aiid Group's affalrs as al 31 MArch 2024 aiid of Ils incoiniiig I'esoiir¢¢s niid appliealioii of resources, iiicliidiiig lis Iiicoiiie Aiid expeiidiluy¢, for Ilie year Ihehi ended. Iiave been properly prepared in Accordance willi Uniled Kingdoin Generally Accepted A¢¢oiinliiig Pra¢lice' attd l)av¢ be¢n prepared in •ccordllnce witli Ilie r¢quiremwil8 of ihe CoA)Ipoiiies Acl 2006. IIASIS FOR OPINION We condii¢ted oiir aiidil in aecord&iice iviih Iiilernalioiial SlandRrd$ oil Audiliiig (UK) (ISAS (UK)) aiid appli¢able1o1v. Oiir respoi)sibllilies linder Ihose sl8iid8rds are fiirtlier des¢rlbed in 11)e Audilorfs r¢spoiisibililie5 for Ille aiidil of the fiiiAnciAI slalei)iei)Is section of oiir report. We are ii)d¢peiideiii of tl)e Trust Iii accordance willi the elhl¢al I'eoiiireinenls Ilial ar¢ rel¢vaiil 10 Ollf Aiidll of11)e finai)¢ial slaleineiiis in Ilie UK, incliidiiig Ilie FRC'S Elhlcal Standard, ai)d we linve fiilfilled our ollier elliical respoiisibilliies iii accor for eviden¥e of maiingeiiieiil bias or fraud. Assessing tlie exteiil of coiiipllan¢e wllli tl)¢ laivs and regulalioi)s coi)sidered lo liave a dii'wl material ¢ffecl oil Ili¢ finaiicial 51aleni¢iils or Ilie operalioils of the enlity Il)roli￿ ¢iiquiry ai)d inspeclioii. Revleiviiig fiii Victoria Slreel, Setile, Norfli Yorkshir¢, BD24 9EY. 1.1 Ae¢oyJitlng eonvelltlo Tlie fiiian¢ial slalenients have b¢eii i)repared in accordance ivilh the eharity's goveriiiiig dociiii)eiil, Ille Coinpanies Act 2006 and "Accounting aiid Repoi'tii)g by Charities: Sl&leii)eiil of Reconinieiided Practice appllcRbl¢ to charities pi'epnrliig tlieii. ftccounts iii accordance iviil) Ilie Fil￿11¢￿al Reporting Slaiidard applicable in tlle UK aiid Republic of Irelaiid (FRS 102) (effecttve l Jaiiuftry 2019)" The chhrity is & Public Bei)efil Eiility as defiiied by FRS 102. Tlie fiiioncial staleinenls are prepared in sterling. wlil¢h is th¢ funclioiiftl currency of the chority, Monelaiy an)ouiits in these finhncial stalenieiils ar¢ roiiiided lo Ihe 11¢8r¢sl £. The lliiancial slatenieiils havc beei) prepared uiider the hisloricfil cost coilvenlion, (ii)odified lo include Ilie revaliialloii of freeliold propcrtics hijd ccrlain fiiiaiicial iiislruiiienls al fair valu¢).Tli¢ principal a¢counliiig policles adopted arc sel OLII below. BA$18 of coiisollilnllon In Ilie parent eonipAI)y finfinclal slfiteinpAils. Ilie c05t of a busiiiess ¢oiiibinAllon is the fair va141¢ Al the acqiilsilioii dAle of the assets givell, eqiiity iiisliiimenls issued and liabililies inciirred or assiii))ed, plus cogls directly alli'ibiilable to Ilie biisii)css ¢ombiiialioJ). The exccss of Ilie cost of A biisiness coinbii)Illion over Il)e fair value of11)e identifiable assels, liabilities nild coi)liii8eiil liftbililies ficquired is recogiiised as goodwlll. Tli¢ co$1 of Ilie comblnalioii Iiicliide5 Ilie esliinated ainoiinl of coiiliiigenl coiisiderallon il)Al is probable and can be iiieasiired reliably* al)d is Adjiisled for cliai)ges iii coiiliiigeiil coiisiderAllon After the acqiiisilion dale. Provisloiiftl fair voliies recogiilsed for biisiness conibinAiloiis iii previ0115 periods air adjiisled relrospeclively for filial fair valiies deleriiiined li) Il)e 12 11101111)s followii)g tl)¢ a¢quisilioii dale. Invcslmei)ts in subsldlarles, joiiil veiilures and associales are ac¢oiinl¢d for ftl cosl less in)i)airi)ient, Tlie coi)solldHled financlal slfil¢mei)Is Incorpornte those of Norlh Crav¢ii Buildliig Pr¢s¢rvAllon Trust Lliiiited aiid of Sls siibsidifiry (ie ftii eiitity Ihal tlie 8roiii) coi)Irols Iliroiigl) ils poiver lo goverii lh¢ finai)clal and opernling pollcies so as lo oblfiln econoi)iic benefits). Any subsidiAry Rcqiiired diiring Ilie year is consolidaled iisSng Ihe i)Iircl)8se iiiell)od. Tlie resulis ar¢ iiicoi'poroled from Ihe dale Ilint ¢onlrol passes. Tlie 301e subsidiary was included iii Ilie gvoup froiii ils iii¢orpoialivn dale and was iiot acqiilred. All fliiaiicial slateiiients are mHde up 10 31 Morch 2024. All inlr8-group Iransaclioiis, balances and iinrealised gAins o traiisa¢tions betiveeii group comp4ini¢s ar¢ eliiiiiiialcd oli wisolldnlioii. Ull￿alised losses are also eliiiitnoled iinles5 tlie Iransaclioii provldes eviden¢e orni) Iii)painMenl of lh¢ assel lrniisferred. 1.2 Golng eoncei'n Al tlie tiiii¢ of appi'oviiig lh¢ fiiiancial sli11emenls, Ihe Triisle¢s l)Av¢ a reftsoiiAble expeclalioii Ili&l Ilie Cliarily lias adeqiiRle resoiii'ces to ¢ontiiiue ii) op¢ralional existeiice for the foreseeable fiilure. Thlis tlie Triistees coiiliiiue lo adopt tlie goli)g ¢oncerIi basis of accounting In prepariiig Il)c fiiiaiicial stllleilieiits. 1.3 Cliai'llable Fuiiils Unreslrlcted flind5 are available for use al 11)¢ dis¢rellon of the triistees in fiirtherhnce of11)eir cliaritablc objective5. Deslgnnled fiiiids are iinresli'icled funds that hav¢ beeii sel aside by the Iruslees for 5pcGific piirposes. Reslricled fijnds are siibject to $pe¢ific conditions by dollors as to liow Ihey iiiay b¢ used. Tlie piirpose5 and uses of tli¢ reslricled fiiiids are sel oiil in Ihe notes to the fthancial slaleill¢iits. 18- NORTH CRAVIN BUILDING PRESERVATION TRUST LIMITED IYOTES TO THK FINANCIAL STA TEMENTS (CONTINUED) FOR THE YEAR LNDED 31 MARCH 2024 CCOUNTING POLICIES lewiiliiual) 1,4 liicoine liicoine is reCO￿lIsed when Ilie cliarity is legally enliiled lo it after any perfonnallce condiiloiis have beei) Inel, tlie moiiiils ¢an be nieaslireil reliably, aiid il is probable Ihal iiiconi¢ ivill be received. Casli donallons are r¢¢ognised oli Tec¢ipt. Olher donaliojis are re¢ogi)ised onc¢ the eharlty lias been i)olified of Ilie doi)atioi), iittless perfoi'mailce coiidilions require deferral of Ilie aiiioiint, Incoiiie IAX recoverable ii) relation lo doiiailoiis received iiiider Gift Aid or d¢eds of covennnt Is reco8nised at tlle litne of the donalioji iviihin Ilie rel¢vaiit fiiiancial year. Legacles are reco8iiised on receii)l or otherwise if tlie Charity has been notified of An inipending disti'ibiilioii, th¢ anioiinl is kiiowii. and receipt is expected. If Ihe an)ount is nol ki)oi¥ii, the legacy is treated ds a conlli)g¢i)l asset. Orants are credited as iiicon)Iiig reSoUr￿S ivlien they are recelved, provided conditions for r¢rKipl liave been ¢onipll¢d Ivith, and iiiiless tliey r¢lale to a specifit fuliire period in ivliich case Iliey are deferred. J.5 Exi)en(Iltui't Liabilities ale recognlsed as expenditiire as soon as Ihere is a l¢gRI or cotistrucliv¢ obligation conimitling 11)e ¢l)arity to tlial expendiliire, it is probably Iliat a Iraiisfer of cconoinic b¢iJcfits iyill be reqiiired iii settleineiil, ai)d Ihe ai)ioiii)t of tlie obligation cali be n)eRsured reliably. Expendiliire is 8¢coiiiiled for oil an ac¢rLials basis aii(I has be¢ii classified Iiiidcr headiilgs Ilial aggwgnl¢ all Cost relal¢d to the ¢alegory. Wliere Costs CAnnol be dlr¢cily attribiiled lo pai1iciilar lieadings, Ih¢y liave beeii nllocated to aclivilie5 on A basls LX)nsistent ivith th¢ us¢ of resour¢¢s. Governftnce cosls Incluil¢ costs allrlbulable lo complianc¢ iviih consliliilioiial aiid slRlutory reqiiiremeilts, incliidiiig professionRI costs and Indepeiidenl exaininer fees. Support ¢o$ls incliide central flinctl￿)S nnd have been classified linder lieftdlngs that pggreglte all ¢ost relaled to tlie ¢Rtegory. Wl)¢re costs Caiinot bo directly atlribiiled lo particular lieadiiigs, tliey liave been allocftted lo aclivilies on a basis coi)sisleiit iyilli Ilie use of resoiirces fund i'aisiilg costs Irlate predomiiiftnlly io the Cosl of sales ftnd payroll cosls of tlie coffee lioiise that is riin by Ihe lrndii)g subsidiaiy. 1.6 1'Hiiglble fl%ed Rssets Tangible assels are Initlally measured at Cost, and subsequ¢nlly measured al cost or valiialion, net of d¢pr¢cialioi) an(1 iinpairn?¢llt losses, a¢¢iiiiiulaled iinpairinent losses. Deprecialion Is recowiised so as to wrile off the c051 or valuatioii of assets, less their eslinialed residual valu¢, ov¢r tli¢lr usefiil econoinic lives on tlie folloiving bAses'. Freehold land and buildings Plant and equipineiil Fixtures and fittings Conlputers Nil IOYO OJI Cost IO% oli cost 10¥4 OJI Cost 'rii¢ gain oi. loss arisiiig on Ihc disposRI of ai) fsss¢I is d¢l¢riniiied as tlic difference b¢hve¢n lh¢ sale proceeds nnd the cftrryirtg valiie of lh¥ as￿1. and is recognis¢d in th¢ stal¢in¢iil of fii)ancial acliviiie& Frcehold laiid and biiildinBs comprise n)ixed use proper1ies acqiiired lil Ilne ivith th¢ cllaritable objectiv¢s of pi'eseryiiig lid iiiAiiilalniiig liislorie properties. Conseqiientlyl t)0 d¢pre¢iation lias been provided oji tl?ese properties as Iliey are expecled lo liave ali ii)finite useful econoniic life due lo Ilie coillinuiiig preservation. Aniiual iihpainneftit r¢vi¢ivs al'e cari'ied out by the Trustee5 together ivith independeDt professional valualions oblaii)ed periodically, 19- NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITEI D NOTES TO TIIE FINANCIAL STATEMENTS (CONTINUED) IOR TIIE YEAR ENDED 31 MARCH 2024 1.7 Hei'ltAge A$$¢ls Hei'ilage ass¢ls fir¢ lield for iheir ¢oiitribiilion lo kn)oivledg¢ and ¢ul(ure. The iiiiiseiim colleclioiis Ire not held as iiiveslineiils bul foy publi¢ benefil. If ihe Tnisl were lo be iyound lip, Ihe collections would be offered free of cliai'ge lo 8iioih¢t a¢¢re(liled iiiusevni. Valualioiis are ascertained by ih¢ dir￿lor$ based ou OTigiiial cosl. 1.8 Flxe(l ffisstt Inv¢stni¢nt8 Fixed Asset Inveslmenls are iiiitiolly nieasiired at transaclioii price ex¢liiding lrnnsaclion cosls, aiid ar¢ siibsequ¢nlly i)ieasui'ed al ffiir vnliie al eacli repoiliiig dale. Changes iii fair value are reco8iiised ill net ii)coine / (expenditure) foi, tl)¢ year. Ti'ansacllon costs are expensed as inciirred. A subsidlary is an eiiilty colilrolled by Ilie cllarity. Coiilrol is Ihe poiyer lo gov¢i'i) Ilie fiiiancial aild operaling ijoli¢ies of Ilie ¢ntity so as lo oblain bciiefils from ils Aclivilies. 1,9 linpAlI'nient of filxeil A59tts Al eacl) weporling eiid dale, lh¢ chRrlty r¢vl¢ws Ilie ¢arrylng ainounts of Ils laiigible hssels lo delermlne wliell)er Iliere Is aiiy Iiidlcailon Iliftt Iliose assels liav¢ siiffered In Inipaimieiil loss. If ally sucli indicati￿) exisls,11)e re¢oveYable ainoui)I of11)e asset is ¢slliiiftled ii) order lo d¢teriiiliie tlie exl¢nl orth¢ Iinpalrmeii¢ loss (if giiy). 1.10 CAsli #lid easli eqiilv*ltnls c￿$￿) and ¢ash eq41ivaleiils incliide casli in liand, deposils lield al call wilh baiiks, olher short-lerii) liquSd Iiiveslinenls iyill) oi'igiiinl ninlurilies of Iliree Jnoiiihs or less, and bwik ovtrdrafis. Batik overdrnils are sl)oiYii wlll)In borrowings iii ciirrenl linbllilles. 1.1 l Flii4ncl81 Insli'iiments Th¢ cliarlty has elected lo npply Ilie provisions of Seclio)I I I 'Bhsi¢ Fiiiailcial Inslriiinents, atid Seclion 12 '0111er Fliiaiicial Iiislrui)ients Issiies, of FRS 102 lo all of ils fjnnnclal Inslrumenls. Fiiiaiicial insiruniei)15 4re r¢cognlsed in the cliarily'S balance $heei wheii tlie ¢harliy be¢onies parly to ihe ¢oiitra¢liial provisioiis of Ilie iiislniinenl. Fiiiaiiclal Assets and liabilities are offset, Iviil) 11)e riel aiiioiii)Is pre5eiiled iii Iliv finai)cial slalemenls, ¥vlieii Iliere is legally eiiforceable riglil lo sel off Ilie recogiiised anioiiiils aiid Ih¢i'e is ali inleiilioii to sellle on a iiel basis oi. lo realise 11)e ass¢1 niid seltle Ilie linbility slmiiliaiieoiisly. Brtslcfliiniicliil fissels Basic fiiiaiicial assels, whicli include debtors And CA51) And bwik balances. are inilially measiired at Irai)sa¢lion pric¢ ii)uludiiig Irons&clioii ¢051s aiid are siibseqiienlly Carried fil amorlTsed cost usli)g Ilie effective interest iiielho(l uiiless Ilie rrallgeineiit coiislllules a finaiicing Iransa¢lion, where Ilie Iransftcliot) is mea511red 8111)¢ present value of Ilie t"ulLire receipts Iliscouiiled at a ii)rtrkel rate of iiil¢resl. FiiiaiKi81 assels classified as receivable witliiii on¢ year are i)ol Ainortised. BfislcJlNoNclal Ilablllfles BASIC fii)aii¢ial Ilabililies, iii¢ludin8 Credilors wid bank loai)s are initially recognisd at lrnn5aclioi) prlce iiiiless 11)e arraiigemeiil coiistilules a finanring Iraiisa¢tion, Ivl)ere Ilie debt instninienl is i)ieasur¢d al the present valiie of tl)e fiitui'e i)ayni￿1IS discouihted at a i)iarkel rale of iiiteresl. Finaiicial liabiliti￿ classifjed as payable iyilliin one yeui. are nol amoi'lised. Debt instruiiieiils are subseqiienlly CaiTied 01 ainortlsed cost, Iising Ihe effectiv¢ inleY¢sl rale iiielliod. -20- NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YFAR ENDED31 MARCH 2024 Trade creditors are obligations to pay for goods or services that have been acqiiired In the ordiiiary coiii'se of opeiations froin siipplietB. Ainoiinls payable Are classifted as curreiil liabilili¢s if payment 15 due ivitliin one year or less. Jf not, tliey Are pi'esented as non4urrent liabtlities. Trade creditors are recowlised initially at Iransactioii price and subs¢quently m¢asur¢d ai amortised cost iisii)g tl)e effectiv¢ iiiterc5t method. Derecogiillloii offlnrtiiclftl Ilabllllles Finnncial liabllities are der¢cognised ivheii the cliarity's coiilr4clual obli8ations explr¢ or ar¢ dischftrged or cancelled. 1.12 Linployoe beiieflts Th¢ Cost of any uniised holiday enlitlenieii¢ is recognised in ille period in %Yhich ilie ¢mploy¢¢'s servi¢e$ are received. T¢rminatioii benefits are recognised imniedlately as an expense ivI￿n the Cliarity is detiionstrably coinmitted to leriiilnmte the eniploynieiit of an employee or lo provide lerniiiiallon b￿l¢fi{s. 1.1 Retli'ein¢nt beiieflts Pnyiheiit lo dofiiicd conlribulioii relir¢mei)I benefit scheines are cliar8ed ns an ¢xpeii3c as Ih¢y fall due. 2, CRITICAL ACCOUNTING ESI'IMA'fES AND JUDGEMC¢ NTS Iii the applieallon of lh¢ charity's accoiintiiig poli¢i¢s, th¢ Iruslees are reqiilred lo make jiid8¢1)iei)Is, esllniates aiid assiiiiiptioiis about Ilie corryiiig an)oiinl of assets and liabiltlkes thal are i)ol readily nppAreiil from ollier soui'ces. Tl)e esllinales and associated assiii))plioi)s ar¢ b8s¢d oil hisloricnl experleiice aiid ollier f&¢lors Iliht are coiisidered lo b¢ r¢levanl. Actual r¢sulis infty diff¢r froin Ih¢s¢ esliin&les. Th¢ egtiiiiates and iiiiderlyiilg asMinipiioiis are revieived 01) an ongolng basis. R¢visions lo ￿￿o￿ni11)g estitnales or¢ I'ecognised iii Ihe perlod iii ivliich Ilie esliiiinle is r¢vised ivlier¢ lh¢ revisloii affects oiily that period, or Iii Ilie pei'io(l of 11)e revisioii at)d future periods ivh¢r¢ Ili¢ r¢vi$ion affecls bolli currenl ttnd fiitiiro periods. 21 NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED NOTES TO THE filNANCIAL STATEMENTS (CONTINUED) roR THE YKAR ENDED 31 MARCH 2024 LIMITKD BY GUARANTEE North Crav¢n Biiilding Pr¢S¢￿￿tiOn Triist Liniited is a wn?pany liiniled by guarantee aiid accordingly does Iiol hav¢ a shal'e eapilal. DONATIONS AND LEGACIES Unreslrlcted Reslrlcled Totnl Thinds Fuiid8 2024 Total Funds 2023 Donnlloiis Doi)alioiis and glfts 15,937 405,600 421,537 45,158 Allalysod by fuiid UnYeslrlol¢d fiiiids Reslricle(I fiiiids 15,158 30,000 45,158 OTHER CHARITABLE AcfiviTIES Re8ti'lcted riuilds 'rol*l Iluiids 2024 Tolal Fiii)ds 2023 Performance relaled grgnls 371,296 371,296 335,517 AnMly$eil by fiind Unreslrl¢led thi)ds Reslrlcled fiii)d$ 335,517 335,517 INVCI STMENT INCOME UMI'eslrlcltd TolAI Fiinds Iliinils 2024 Tolal Fiii)ds 2023 Reiilal iiicoiiie Interest receivable 17,102 7.734 17,102 7,734 18,249 4,762 24,836 24,836 23.011 OTHKR TRADING AC'fiviTES Uni'esti'icled TolAI Thiiids Fulldy 2024 Tolal Fui)ds 2023 Coffee Hoiise Retail Sales Events & Coinmissions 204.217 13,978 2,253 204,217 13,978 2,253 167,213 10,669 8,073 220,448 220,448 185,955 -22- NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED OTES TO THE FINANCIAL STAI'EMEiYrs {coNriNUED) FOR THE YEAR ENDED 31 MARCH 2024 COSTS or EXPLI NDITURE ON CHARITALILL AcfiviTIES TotThl Fuiids Gi'oup 2024 TotAI Ifmiids ChArlty 2024 Totsl Fiinds 2023 Statycosts Deprecialioii and impairiijeiit Repaii's aiid r¢iiovalion Project ¢xpenses Suiidry expeiises Legal and piofessionftl ¢liaiEes 68,116 105,500 405 1,867 327 12,000 68,116 IOS,500 405 1.867 327 12,000 46,329 500 2,246 448 8,500 188,215 71,329 19,092 188,215 63,506 11,736 263,457 58,023 44,963 16,036 Sh<1r¢ of siipport costs (see nol¢ 9) Sl)fir¢ of 8overiia]ice costs (se¢ nol¢ 9) 278,636 119,022 AiiAlyseil by fuii(I Uni'¢slri¢led fiiiids Reslri¢led fui)ds 133,424 145,212 133,424 145,212 105,394 13,628 278,636 278,636 119,022 ANALYSIS or SUPPORT COSTS Supi)orl GoY¢riiaiiee Cosls Costs TotAI fun(l$ 2024 Total Fiiiids 2023 Slaff costs Rates aiid ivaler Liglil l)eal and poiver Insiii'ance Repairs aiid ren¢ivals Telepl)one PrS1)ling postage aiid stalioii¢ry Siindry expenses Cleaniiig aiid liouseke¢ping Batik chaiges Mai'ketiiig Loan interest Accountancy & aiidit Legal & prof¢ssioJ)al Liceiices & subs¢ripiioiis 7.114 2,299 14,561 8,092 21,348 2.995 1.144 2,567 7,611 1.133 7.114 2,299 14,561 8,092 21,348 2,995 1,144 2,567 7,611 1,133 1,818 12,969 4,655 7,097 2,533 1,252 2,053 7,746 765 ,277 1,420 2,588 9,359 5,467 1,045 1,045 9,280 6,317 4.915 9.280 4.897 4,915 1,420 71,329 19.092 90,421 60,999 -23- NORTH CRAVLN BUILDING PRESERVATION TRUST LIMITED NOTES I'O THE FINANCIAL STATEMENTS (CONTINiiFD) roR THE YEAR ENDED 31 MARCH 2024 I O. COSTS ofi RAISING fi UNDS Gi'oup 2024 Cli41'1ty 2024 Total Fiinds 2023 Miiseiiiii c051s Coiyee Hoiise Cost of sal¢s Cotyee Hous¢ slfiff costs 12,033 59,382 162,882 A2.033 7,504 48,122 119,442 234,297 12,033 175,068 I I. REVALUATION ofi fi IXED ASSETS Uiireslrlcled TotAI fi lind5 Fllii(Js 2024 TolAI Fiinds 2023 Freeliol(I buil(lings Heyilage nssels (3,432) (3,432) 2,500 12. NET INCOME Nel Incoine Is sl4l¢d after ¢liarglnW(crediling): 2024 2023 Loss on