COMPANY REGISTRATION NUMBER 01265072 North Craven BuildiR]g Preservation Trust Limited Consolidated Financial Statements For the Year Ended 31 March 2025 Charity Number 505438 NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED LEGAL ATrID ADMINISTRATIVE INFORMATION Charity Nujnber 505438 COmp￿DY Registration Numl)er 01265072 Registered Office The Folly Victoria Street Settle North Yorkshire BD24 9EY Trustees MTS H E Lane (Chair) Mr S Myers (Vice Chair) Mr R W Greenhalgh (Treasurer) MrGPBenn Ms E R Coulthard MSP Dordn Mr S P Garlaad Dr C l Littlciol MI￿ S M Mann M5 H Noble Mrs L Northrop Mis5 C Rosier Mr S C Whitaker Auditor Champion Accountants LLP Chartered Accountsnts & Statutory Auditor Unit 2 Olympic Court Whitehtlls Business Park Blackpool Lancashire FY4 5GU BAnkers The Co-opcrative Bank Unity T￿￿t B8nk NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED FINANCIAL sTATETh￿NTS FOR THE YEAR EfiDED 31 MARCH 2025 CONfENTS PAGES Trostees Report & ResponsibilitÉes 1-12 Independent Auditor's Report to ihe Melnbers 13-15 Consolidated Statement of Financial Activities (IDcoTpor2ting tbe Income and Expenditure Account) 16 Consolidated Balance Sheet 17 Consolidated StateTnent of Cash Flows 18 Notes to the Financial Staternents 19-34 NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED THUSTEES REPORT (INCLUDING DJRECTORS REPORT) FOR THE YEAR Xl+lDED 31 MARCH 202S The trnstees present their awiual report aDd financial statements for the year ended 31 MaTch 2025. This Teport is the combined report of the Ditectors of the North Craven Blldling Presavation Trust LiTnit¢d and of NCBPT Tradincv Limited required by company law. The f￿ancial statements havc been prepared in accordance with accounting policies set out in note I to the fjnancial statements and comply with the chxTity's governing documenL the Companies Act 2006 aud 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the FAnaDcial Reporting Stsndard applicable in the UK and Repllblic of Ireland (FRS 102) (effective E January 2019),. OBJEcfIvES AfAD ACTtvrrIES (INCORPORATING ACHIEVEMENTS AfAD PERFORMANCE) The object5 of the Trust are, for the benefit of the North Craven community, for visitors to the are4 and for the nation at large to:_ Preserve tbe built heritage in and around North Craven wbich is of particular beauty or historical architectural or consttuctional interest, 2nd Aquire, preserve. document, interpret alld make accessible exhibits, objects and collections relating to the social, agricultural, industrial and built enviionment of North Craven, through the provision of a rnuseujn service for the purpose of educating and iJJforniing the public. The Trustees are awar¢ of the guidance on public benefit published by the Charity Commission and have coinplied with their duty to have due regard to this guidance when exercising any powers or duties to which the guidance is relevant. Examples of what has been done during the year to cw out charitable purposes for public benefit are outlined below the "Review of Activities", particularly under the 'Museutn' and 'Building Preservalion, sections. Successful grant applications enabled the Trust to continue ihe progrdrnme of repairs to The Folly and to deliver a range of culftlral actlvitics. No new properties were acquired during the year. Remarkable progress w&s made with the collections audit and documentation. A Community Curator was appointed on a hvo year contract in October 2024 and has developed a wide lange of new contacts and community-focused activities. NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED TRUSTEES REPORT (EqCLUDING DIRECTORS RKPORT) FOR THE YEAR ENDED 31 MARCH 2025 REVIEW OF AcfIvITIES MUSEUM OF NORTH CRAVEN LIFE Accreditation The Museum continue5 to benefit from Full Accreditation (AN1248) under the Arts Council ELgl2nd stheme. Tru5tee3 Steve Garland and Heatber Lane continued to act as Accreditation mentors. Acquisitions Acquisitions of note during the year: The Shepherd & Walker Settle phartnacy archive was donated by the Walker family and comprises ledgers and Invoices from the mid-19th cenw onwards. Thomas Claughton, great grandson of Rev George MoffaL minister at Zion Chapel, donated Moffat's diaries from the 1940s to the 1980s. Ownership of tbe Eddie Percy film archive (on deposit with the Yorkshire Fijm Archive) was transfe￿ed to the museurn by a LTyeInber of his farnily Craven Conservation papers- a small collection of publicatlolls, Ineeting notes and newslett¢rs Two watercolour paintings of Settle views by Constance Pearson- Junction Cottage on Albert Hill and Well Hill with a view of the rear of The Folly - were donaled by her granddaughter, Katharine Holmes Jenny Hall presentsd a framed artwork by Godfrey Wilson of the inside of a barn, based on a Horner photograph Jean Jelley donated a collection of phologTaphs, negatives and illustrated pamphlets featt]ring the work of her late husband, photographer Ken Jelley The Hon. Curator donated several Horner cartes d¢ visite and an engrdved Po￿alt of Jobn Phillips The Trust purchased an archive of material collected by James Harrison, including papers of the Rathmell Methodist ininister, 50tne Settle objpxts and other papers of local iJ)teresL Collections Care The appointment of a Collections Manager and Documentation Officer enabled a review of collections care prioiities. beginning in March 2024. By yeaT end, 132 boxes c4)mprising 8,131 items had been revieweiL representing over 500/0 of the records in the database. 1.202 items were photOgTaphed and 643 historic photographs scanned. 2,849 items were rep2cked into archival grade enclosures. 4,914 items records were updated in the Modes catalogue. Approxiinatety 609 hours were contributed by 16 volunteers to the Dynamic Collections project during tbe year. Voluntgets received trainlng in markiD& labelling 8nd repackagin& and continued wkth the routine cleaning of stores and objects on open display alongside a new prograulllle of reorgani5ing and rebousing stored collections in.conservation grade inaterials. Robin Bundy provided invaluable assistance with object photography and the collections volunteer team welcoined several new meiDbers. some of whom received training in cataloguing materials using the Modes Complete software, which was upgraded to version 1.6 during the ye3r. Tiny Tags were set up in galleries and stores to monitor leinperarure and humidity and grants enabled the purchase of inore conservation supplies. Digital Offer The Honorary Curator and Heritage Development Officer continued to maintain the website, updating the infor]nation on the publie programme and renovation work. During the year, the websTrte received over 38,000 page views from over 7.700 unique users. As an ou4)ut of the Art Fund supported Reimagtne pTojecL records and iDJages from the Hornor Photographlc Studio Collection were uploaded onto the Cataloglt platforni, a cloud-based Collections Management System. to provide online public access. A soft launch was held duting the Heritage Open Days ill September 2024. followed by a ￿11 public launch in November. The level of feedback indEcates that this been an outstAndingly successtsl PToject in terms of pubkic engagement. The Dynamic Collections team met with the HO￿ Curator to discuss a proposal for managing digital collections and work began to secure funds for a further upgtade to IT infrastNctt]re. Our social media following continued to improve, with help from me]nbers of the Coffee House team. We had 3,325 followers coynbined across Fa¢ebooK h￿tag[a￿ 2nd X (Twitter) during the year to 31 March 2025. NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED TRUSTEES RKPORT (XNCLIJDING DIREcfoRS REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Education The Heritsge Developrnent Officer and Community Curdtot developed infonnal learning materials and trails to complema3t our exploreT backpacks and story sacks, which were also update& A PECS communication board was installed and a 'cosy corner, designed to PTovid¢ a family-friendly space for visitors to explore the resources on offer. Ctaft activities had an educational focus. linked to the Museum collections and exhibitions. The Mu5ewn rnade Progress in selecting 2nd describing items for inclusion in the Out of the Box Project, supported by North Yorkshire Council and designed to make colle¢tiODS more accessible for teachers and pupils via a bespoke website: https://outoftheboxleaming.orgj Exhibitions and events Exhibitioll ro From 9 Apr 2024 Visitor Numbers 5,895 Horner Studio Photographs. A new lontr_tenn exhibition illustrating aspects of life in North Craven. its pwple, places and events. from the late VictoriaTh ern to the 1950s throu a selection of evocative la e format rints. 9 Apr- 27 Apr 2024 823 What's New at the Museum? show￿51ng the stories of Son￿ tttent acquisitions. as told by volunteeTS 9 Apr- 29 Jun 2024 3,150 On the Road. Contemporary photography by David Wright of the Gipsy, Roma and Travelling Cornmunilies at Appleby Horse Fair and across the British Isles. 9 Apr- 3 Dec 2024 12,984 Finding Fault. Examining the geology of the Crdven Faults, first described by John Phillips (1800-1874). and the legacy of his scientific work. 4 May- 30 Jun 2024 2,205 Diamon(15 in the Landscape. Celebrating 60 years of the Forest of Bowland NatiOTJal Landscape with images from compelilion winning photographers. 6 Jul- 28 Sep 2024 4,924 Within These Walls. A celebration in PT&nt of valuable bul endangered species- rich hay meadows in the YoikshiTe Dales by artist Hester Cox. 6 Jul- 28 Sep 2024 4,924 The World Beneath our Feet. Modern caving photographs from within the Yorkshire Dales National Park by Mark Burkey and Gary Douihwaite, curated by Tim Allen. 5 Oct 2024- 4 Jan 2025 2.953 Land. Light. Powerful monochrome18ndscapes in black chalk on paper by Elizabeth Smith, capturing the cssentg ofyorkshire's hill county. 5 Oct 2024 - 4 Jan 2025 2,953 TTansl&ling the Body. Sue Vickefman's examination of the dynaThic betweeTh art photographer and n?odel through six translatlQDS of one female body Originating from modelling sesstons with artists Ann Evans, AshwiTr Vyas, Michael Kilyon, Lois Brothwell and Phil Moody, and sculptor Judith Gtynn. This year's public programme focused on photography and18n(Lscape. Particular emphasis was placed on reaching new audkences. Private views held to lauocb the cxhibitions attracted record nwnbers. . ground-nesting birds in North Craven Following the success of Ground Nest Fest ?n 2023, the festival celebratino was extended to a full week of activities. 14-21 April 2024, including guided walks, ta]ks and lectures, animatioll and willow s¢ulptllre workshops, and a full day of thopin family activities on Earth Day, Saturday> 20 April. The festkval was again held in partneTship with Wild Ingleborough and Yorkshire Peat Pattne15hip, with support from the Royal Sockety's Placu of Science fi]ndiDg scheme. Evellts for the May half-terni included tours of The Folly especially designed to appeal to younger visitors, delivered by volunteers. Regular. bookable tours of the building were available every Thursday from June to Septernber and attTacted 157 participants in total. Famity-fiiendty activkties in the summer holidays included Microgreen Plaoting. Witcbmark Making, Otympic Medal Making. Make Yow Own Paper Helicopter, Historic Boardg8]nes and a Victorian School day. A Call My Bluff-style panel game evelling in Allgllst, featuring Anembers of the curatorial team, was a great success. NORTH CRAVEN BUILDING PRESERVATION TRUST LJMITED TRusfEES REPORT IINCLUDJTr4G DIREcfoRS REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Autumn progr3n]me iucluded sessions for Heritage Open Days iu September. with free tours of The Folly and tyLtFe alldiences with tbe range of Dr Buck's House and a drop-in event asking Iyhat is a Musewn? to en Sorting and repackaging m2teriaL catsloguin& inventory and object photography. Voluuteets and staff worked on exhibition research and development, as well as on the community c&se exhLTr>ition5 in the Main Hall. Weekly guided tours of The Folly were provided by trained volunteers, with specific tOUTS foT younger audiences, during su]nmer 2024. PROJECTS Continuing Grant Funded Projects Aris Council Ell%landYs Museum Est21os and Development (￿END) Fund Following ¢ompletion of repaiT work to The Folly's South Range, a fmal payment request was made in August 2024 for £27,050 (100/47 of the total grdnt of £270,501). The works thus enabled are detailed in the Building Preservation Activities section below. Art Fund Reimagpne Grant Work continued on tbe Reimagine project with Art Fund support of £50.000 to complete a project to digitise, catalogue and repackage the Horner Photographic Studio Collection under the direction of freelance consultant Dr Damian Hughes. The project volunteeis continued to WOTk on digit15ation, research aud cataloguing* and the Collections Manager. CaTson MU￿hY led on the transfer of data lo ibe CatalogEt platfonn, enabling the project to be completed by Easter 2025. Arts Council England Unlocking Collections grgnt Isobel O'DoThovan was recruited to a two-year Conmnunity Curator post in October 2024 via a grant of £IOO,000 from Arts Council England, which enables tbe Museum to increase coinmullity engagejnent. Great progress was made by the year end towards establishing a revised safeguarding framework io ensure that ￿tUre work with yow)g people and vulnerable adults could be planned and delivered. Between her appointtnent and the year end, 157 people were engaged in coinn)unity activity relating lo the inuseum, many for the fwst time. and two new museum groups were startell Friday Club, aimed at adults, and Playtime for ages 0-5 and their caTers. NLHF Dyngmic Collections Grant With a Collectkons Manager and Documentation Officer in post by March 2024, thanks to £250,000 from National Lottery Heritage Fund, a series of projects began to focus on better documentiThg, understanding and explaining more than 20,000 objects held by the niuseum. An audit of the collectlODS had ieathed the halfway point by 31 March 2025. Collections staff also contributed to exhibitions and events throughout the year and supported the work of the Community Cwator by identifying suitable material for use in public engagement activity. Royal Society (Places of Science 2024) Working with Wild Ingleborough and the Yorkshiie Peat P8rthership and building on the success of the one day festival Giound Nest Fest beld in April 2023, the Museum used the grant of £3,500 from The Royal Soci¢ty to plan, promote and deliver Ground Nest Fest 2024, a week-long lestival of activities held in April 2024, which attracted 257 people. New Projects Starting in 2024-25 MDN Strategic Grant 2024 An envirojllnental grant of £1.500 enabled the Museum to identify items housed in substandard storage medi4 purchase Pl&stazote inert foam to line shelves and assess. clean and repackage selected itellls (approximately 10 /0 of the collection) using consemtion grade boxes. MDN CPD Bursary 2024 A grant of £l,208 enabled the T￿￿ to deliver four training sessions to our staff and volunteer teall￿, Co￿p￿1S1llg DemeDtia Awaren￿, Handling and Packing Objects, an Sntrodllction to Oral History, and Dealing with Ditficult People. Topic5 for the traillillg were solicited directly from our volunteer5 via our Volunteer Operations Team, aDd from volunteer and stsff feedback. 32 indkvidual volunteers and slaff members attended at le&st one sessioE4 for a total of 53 individual training places across all four sessions. Spare places weTe taken up by staff from Towneley Hall and Settle Swi]J)ming Pool. NORTH CRAVEN BUILDING PRESERVATION TRUST LIMrfED TRUSTEES REPORT (INCLUDJI4G DIREcfoRS REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Jon2tban Ruffer Curatorial Grant A grant of £862 enabled the Muse)Jm to send four staff members with diffeient backgrounds, aims and objectives to the Museums Association confeieDce, to improve individual knowledge, skills alld experience, and benefit the Mu5evm through infiuenciDg organisational strategy on collections, audiences and inte￿retati0n. Arts Council England's Museutn Estates and Development (MEND) Fund (Round 4) A successfijl application to Arts Council Englan4 who administer the MEND scheme on behalf of DCMS, secured a graut of £798.500 iowards an estimated project budget of £1,050,000 to undertake a two to three year project to reroof aThd complete other repairs to The Folly to reduce risk to fabric, collections, staff, volunteers and visitors. Match funding was pledged by the Historic Houses Foundation (£45,000). the Yorkshiie Dales National Park Sustainable D¢v¢lopment Fund (£1 0.000) and the North Craven Eleritage TTUSt (£3,000). BUILDING PRESERVATION ACTIVITIES The Folly Following the completion of renovations facilitsted by the first MEND grant, which included repair of the South Range roof and repolliting of the south gable wall, several months elapsed before fujal decoration could be undertaken. to allow new lime plaster in the South Range to dry out. A practical comparison of commercial paints and limewasbes was undertaken by trustee Clare Littlejohn and traditional limew&8h selected. Between January alld July 2024, a llew condition report, structural survey, arcbitect's drawings, project specification and quantity surveyor's cost estimate were comiDissioned and a project timetable. activity plan, cashflow and risk register drawn up. A succes5tul application was made in August 2024 for a MEND Round 4 grant, for capital works to begin in 2026. ZAon Chapel, Hall, Cott2ge & M2n$e The Proj¢ct Board continued discussion of the future development of the Zion complex and commissioned drainage survey for the Cottage and Manse and obtalned estimates for asbestos removal in the link building between the Chapel and Hall. As the p12nned demolitioii is likely to be in excess of £50,000, a decision was taken not to renew the listed building consent for this part of the project until fAU]ds could be secuted. MiThor repairs and anllual servicing of equipinent were Ca￿led out to the dwellings. The grounds continued to be regularly maintained to a very high standard by our volunteers and routine weekly inspection of the buildings continued throughout the year. Volimtters continue to assist with cleaning. The fans and dehumidifier continued to be effective in teducing the relative hutnidity within the Chapel. Dr Buck'8 House Work continued to secure the Grade Il listed fonner Natwest BanK Market Place, Settle froin fijrther decay. Listed Building Consent was obtained. Tn￿e¢ Ged Benn continued to oversee generdl maintenance, including improveKnents to ventilation and temporary repair of the fiat roof over the extension to prevent fur(her water ingress. Assessment w&8 made of the remaining surveys required and the Project Board agreed that external funding should be obtained befoTe furtber work was undertaken. Two inforniation boar(1s were fitted to the metal plates on the front elevation and included a QR code IiDk to the project page on our web Skte. The building was opened for public and group tours on five days during the year. Permission wa8 granted to a number of cornttlunity groups for occasional use of the cobbled area in front of the building and a risk assessment was put place. External contacts Joe liussell, Senior E￿nOMiC Advisor to North Yorkshire Council, provided advice on an application for a UK Shared Prosperity Fund grnnt for repaiTS to Dr Buck's House. wbiclj was ultimately withdrawll as match funding could not be secured by the deadline. Members of the Historic England team visited the Tn￿t's PToperties on 19 September. Footage and photograph5 taken during the day will be used by their PR team. Updates oll the T￿st'S activities were presented at n]eetings of the Settle Town Council. NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED TRUSTKES REPORT (￿cLuDING DIREcfoRS IIEPORT) FOR THE YEAR ENDED JI MARCH 2025 OTHER ACTIVITIES Giggleswick Parish Rooms Thtee trustees ViSRted the Giggleswick PaTish Rooms which were on the market and were showTh iound by Rev JulAe Clarkson and David Fox frotn the PCC. It would be expensive for NCByf to redevelop the buildin& witb llo clehr ILse other than housing. At the Hon. Trewer's suggestion it was proposed that the Trnst could be the buyer of last resort and tbe Trust indicated to the PCC that we would be open to fi]rther discussion if no other buyer were found. No fiuther Progress had been made by the year end. THK GARDENS The garden at The Folly. Zion Chapel and Dr Buck's House gardens continued to benefit from the oreatty- appreciated work of the gaTden voluuteers. The team led by Dav¢ Fr¢¢r and Cknis and Ged Benn provided approxi)nately 420 volunteer hours duriDg the year, continuing with maintenance and illjprovements at all tbree properties and coping admirdbly with the aftermath of the scaffolding to the rear ol The Folly. Volunteers generously donated plants and the team supplied the kitchen with a wide range of fresb Produce, includRng herbs froin the newly established Apothecary's GatdeTh 2nd fruit from the trees at Dr Buck's House. RIENDS OF THE FOLLY The North Craven Building Preservation Th5t supporters. group was r¢launched in m￿Ch 2024 as Friends of The Folly and had 49 subscTÈbers in 2024-25. The e-newsletter, The Folly Monocle, appeared in two issues durAng tlie year. Printed copies weie available to those who indicated this as a preference. Members were invited to attend exhibition launches throughout the year and benefited from discounts on tickets prices for events. Two events specifically for Friends were mounted during the year. Membership was successfully administered using the Membennojo sysleln. The Trust's invitation lo the founding President of NCBPT, Alan BenDett, to become 8n honorary rnember in honour of his 90th biTthday in May 2024 was accepted. GOVERNANCE PlaDDiDg Applications The Tnjst will conttnue to be alert for opportsmities to preserve heritage buildings at risk and to respond to plaFJniThg applications that felt to have detrimental implications for listed building5 and conservation areas. One objection to a planning application (reference number.. 202012155310UT) wls lodged in Deceinber 2024 with regard to land tu the east ol W8teiside Lane, Hellifield, Skipton, North Yorksbire BD23 4HJ. It was considered that the application would have a detrlmentsl enviroAJmental impact on the Hellifield Flashes. an area for which the museum holds colltinuous, detailed recor(ts of bird species dating from 1960 ooward. Trustee Recruitment The Board's programrne of active recrnitrnent for specific skills resulted in the appointment of Mr Simon Whitaker, who has extensive experience in event and risk management. Aji application was also received in November 2024 from a prospective tn]stee with experience in herttage building conservation, who was invited to attend meetings as an observer until the 2025 renewal date. The Board continued to seek those with skills and expeTTence in IT, HR and Graphic desigwmarketiug. Discussion also beoan on the need for a recruitment round for a further youth trllstee. NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED TRUSTEES REPORT (INCLiIDINC DIRECTORS REPORT) FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNIlNCE AND MANAGEMENr The company was incorporated under the Companies Act on 24 June 1978 (company nwnber 01265072). The company is a PTlVate coinpany li￿lted by ouaTantee and does not have 2 share eapttal. The liability of e7Ach ember is limited to an amount not exceeding £5. The company w&$ regtstered as a charity on 2 August 1976 the provisions of the Cljarities Acts (charity number 505438). With funding support frorn Museum Development Yorkshire. the company's Memordndum and Articles of Association were reviewed and updated and tbe amended Articles of Association were adoptsd by Special Resolution on 17th October 2017. Th¢ trustees, who are also the directors for the purpose of company law, aDd who served durino the year and up to the date of 5kgnature of the fiinallcial statem¢nts were: MrGPBenn Appointed 6 Dcccmber 2021 Appointed 25 October 2021 Appointed 24 October 2022 Appointed 20 November 2015 (re applications and Building Preservation SulFcoD]mittee was collvelled on an ad hoc basi5 to review plannino consider buildings which might Jleed intervention. The Building5 Project Board established to oversee building repairs at The Fojly, Zion and Dr Buck's House met as required duTing the year. Working groups on CollectioDS and Vohmteer OperatÈons were conveDed as reqllired and the Collectiorjs Project Board continued to meet quarterly. as a steering group for thc Unlocking Collections arLd DyEkamtc Collections PTojects. NORTH CRAVEN BUILDll¥G PRESERVATION TRUST LThIITED TRUSTELS REPORT O14CLUDING DIRECTORS REPORT) FOR YEAR ENDED 31 MARCH 2025 New Trnstees are provided with a "Welcome Pack" which includes the Charity Comrnission's 'The Essentia Trnstee" governallce documents, history of the TrnsL most recent annual Teport and accounts, minutes of iecent meetings, etc. Staff Mrs Lynn Northrop, a In￿tee and director, continued in wt as an Administrator ou a part-time contract with responsibility for HK liaison with sllppliers and contractors. fire safety and health & Safety, and rn2naging routine building and maintenance WO￿ in the Trust's properties The Boatd has minuted that tbis is in accordance with the Articles of Association regarding Temuneration of trnstees. The remÈt of the Museum's fvll-time Heritage Development Officer. Dr Caitlin Greenwood, includes project mana8eJnent. public progrdmming {includino online), retail and marketing. data gatherino and evaluation, and volunteer development. The trustees agreed to appoint her to a pennanent post from l January 2023, subject to 8vailable funding, alld her post was supported by grants from ACE, NLHF and Ihe Art Fund during this year. Dr Greenwood raised 8 niunber of smajl ￿antS duriJ)g the year, and the Board agrccd to support her application for Associateship of the Museuins Association. The Musellm employs two fvll-tirne members of staff on the NLHF~funded Dynamic Collections proj¢cL New Views of North Craven: Dr Rebecca Bennion (Documentation Officer) and Mr Carson Murphy (Collections Manager). Isobel O'Donovalljoined the Museum as Community Curator on 21 OctobeT 2024 on the ACE-fiJnded Unlocking Colleclions project, Finding the Key. unlocking Nortb CraveTh's past. Line management for these t￿ee posts is provided by Dr Greenwood. The Trust continued lo employ a book keeper, Mrs Wendy Newhouse, and an acco)Jnts clerk, Mrs Kathryn Richardson, botb for 2 days per week. Their IiDe rnanager is the Honorary Treasurer, Mr Richard Greenhal8h. Mrs Angela McBwan continued as retail associate for one day per week to assist with the comjnercial aspects of tli¢ Museum Shop, supervised by the Heritage Development Officer. NCBPT TRADING LTD CBPT Trading Ltd, (Company number 10906515), the wholly owned subsidiary of the North Craven Building Preservation Trust Ltd., was established 0Th 9 August 2017 to manage all trading activity undertaken to raise nds for the Trust. Directors of NCBPT Trading Ltd as of 31 March 2025 were: Mr Richard Greenhalgh. Mr NigeK Howard, Mrs Heather Lane and Miss Susan Mann. the latter acted as line inanager for Ms Victoria Murray, the fijll time Coffee House Manager, who is r&5ponsible lor a te8m of time and part-time kitchen and serving staff. Mr Greetthalgh, Mrs Lane and Miss Mann were, &8 of 31 March 2025, also Trustees and directors of North Craven Building Preservation Tft￿t Ltd., with Mr Howard acting as an independent dire¢tor. NCBPT Trdding Ltd had a turnover for 2024-25 of £234,902 {2024: £218,795), Jn increase of 7.4D/ty, to which the Museum Shop contributed £19,624 (2024: £14,578). Custoiner numbers recorded via the Coffcc House till were 40.507, compared with 31,952 in the previous year. an increase of 26.80/0. Spend per head was £5.44, down from £6.85 ITh 2023-24. There was grant support of £658 during the year an4 witb rising inflation bnd an increase ill the Inknimum wage, NCBPT Tradincv Ltd made an overall loss of £1,549 (a sionificant improvement compared with the loss of £18,648 ill 2024) and consequentty was unable tr) make a contribution towards the income of the Trust. FINANCIAL REVIEW Financial review The results for the year show a surp1￿s of £589,005 (2024: surplus £515,733. Total fjjnds canied forward are £3,240,543 (2024: £2,651,538). comprising £1.526,240 of Un[￿trICted funds {including a designated fund of £20,000 for Building Developm¢nt) and £1.714.303 of restricted fi￿ds. Reserve5 policy It is the policy of the cbarity to Enaint2in free reserves i.e. unrestricted fijnds. excluding tangible fixed Lssets and desi.trllated fi]nds, at a level which equates to approxiEllately six months unrestricted expenditure, plus two months expenditure of its trading subsidiary (minimum £55,000). This should provide sufficietkt funds to cover unforeseen day to day operdtional costs, other unexpected costs. ally anticipated operating losses and the possible receipt of fundillg in affears. These free reserves were used in part to neet a shortfall ill Staff salaries. The tTh￿tees maintain desiotLated reserve fund (cuffently £20,000) for urgent expenditure on building repair and development. 10- NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED TRUSTEES REPORT (INCLUDING D]REcfoRS REPORT) FOR THE yE￿R ENDED 31 MARCH 2025 Sourtes of income The principal fi￿dIng sources for the Tnjst eolltinue to be grants and income from rent21 properties. events and room hiTe" GÈft Aid is also claimed on donation5. Admission fees were again waived during the yeaT to ellcourage footfall, resuiting ill improved secondary spend and donations. Income may also be derived from any 5UtpIus generated by our trading subsidiary, NCBFf Trading Ltd., which manages the Folly Coffee House and the Museum Shop. A strategic objective of the Tn)st is to increase significantty the income derived from the various activitie5 that take place witbin The Folly, or Organised in ext¢mal venues, suth that the Tn￿t will become fully sustainable. Risk management Tho Tjustees have ￿sessed the major risks to wbicb the charity is expos￿ in particulaT those related to the operations and flnance of the charitable twsL and are satisfied that systems are in place to initigate exposure to major risks. A tisk regtsler is maintained and reviewed bi-monthly by the Trustees and a detailed Health and Safety Policy and Emergency Plan are in place. No safeguarding issues wete raised during the year. AUDITOR Champion Accountanls LLP are deemed to be re-xppointed under section 487(2) of the Compauies Act 2006. DISCLOSUIIE OF INFORMATION TO AUDITOR Each of the trustees has confThed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confurned that they have taken appropriate steps to tdentify such relevant inEormation and to establish tbat the auditor is aware of such infornation. The trnstees, report was approved by the Board of Tn￿te¢S on 22 September 2025. Mrs H E Lane (Chair) Trustee 11 NORTH CRAVEN BUILDING PRESERVATION TRUST LIMfTED TRUSTEES REPORT (JNCLUDING DIREcfoRS REPORD FOR TItE YEAR ENDED 31 MARCH 2025 TRUSTEES, RESPONSIBILITIES STATE￿￿NT The TFl￿ees (who are also the dire¢lors of North Crnven Building Preservation Trust Limited foi the pu4ioses of company law) are Tesponsil)le for prepaTing the Tn￿eS Annual Report and the f]nancial statenients in accordance with applicable law and Ullited Kingdom Accounting Standards (United Kingdom GetkeTalRy Accepted Accounting Practice)- Company Law requires the trustees to prepare fuyancial statements for each f￿anCIal year which give a true and fair view of tbe State of affairs of the trust and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these fuwicial stateD]ents, the Tn￿eeS are required to: select Suitable accounting polici&8 and then apply them ¢OllSiStently. observe the methods and principles in the Charlties SORP. make judgements and accounting estimates that are reasonable and pruden¢ state whether applicable UK Accounting Standards have been followed. subject to any inateTial departures disclosed and explained in the fllwicial statements. and prepaTe the fmancial statements on the going Concern basis unless it is inappropriate to presuine that the charity will continue in operatioTh. The trustees are responsAble for keeping adequate accounting records that disclose with reasonable ac¢uracy at any time the financial position of the trnst and enable them to ensure that the fmancial statements cornply with the Coinpanies Act 2006. They are a]so responsible for safeguarding the assets of the trust and hence for taking ra￿Onable steps for the prevention aod detection of fraud and other irregularities. 12- NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED INDEPENDENT AIJDITOR'S REPORT TO THK TRUSTEES OF NORTH CK4VEN BifiLDING PRESERVATION TRUSI. Ll&TrIlTED FOR THE YEAR EF4DED 31 MARCH 2025 OPINION We have audited the financial ststements of North Crdven Building Preseryation Thist Llmited (the 'paTent entity,) and its subsidiary (the 'group') for the year ended 31 Match 2025 which coniprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet. the Tn￿l'S Statement of Financial Position, the Consolidated Statement of Cash Flows, the Twst's Staternent of Cash Flows and the notes to the financial statements. including & surnmary of significant accounting policies. The fmancial reporting framework that been applied in their preparation is applicable law and Unite41 Kingdom Accounting StaDdards. including Finaneial Reporting Stand￿d 102 The Financial Reporting Standard applicable in the UK and Republic of Irelalld (United Kingdom Generally Accepted A¢cou)Jting Practice).. In our opinion, the fjnancial statements- give a true and fair view of the state of th¢ Tn￿'S and GTOUP'S affairs as at 31 March 2025 and of its incorniDg resources and application of resources, in¢luding its income and expenditure, for the yeaT then ended: have been properly prepated in accordance with United Kingdom Genernlly Accepted Accounting Practice" and have been prepaTed in accordance with the requirements of the Companies Act 2006. BASIS FOR OPINION W¢ conducted our audit in a¢eordance with International Standards on Auditing (UK) JSAS (UK)) and applicable law. Our responsibilities under those standards are fvrther described in the Auditofs responsibililies for the audit of the financial statements 5edion of our report. We are independent of the Trust in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical SiaDdard, and we have fulfilled ovr other eihical responsibilities in accordance with these r4uirements. We believe that the audit evidence w¢ have obtained is Su￿￿e)ent and appropriate to provide a basis for our opinion. CONCLUSIONS RELATING TO GOING CONCERN In auditing the financtal statement5, we have concluded that the Irustees, use of the going Concern basis of accounting in the prepardtion of Ilie financial ststements is appropriate. Based on the work we have perfornied, we have not identified any material uncertainties relating to evcrkts or conditions that, individually or collectively, may cast significant doubt on the trust's ability lo conlinue as a going concem for a period of at le&st twelve months from when the financial statcmcnts a￿ authorised for issue. Our responsibilities and the responsibiliti&8 of the tnjstees with Fespect ts) going concern are described in the relevant seclions of diis report. OTHER INFORMATION The other infornkation comprises the inforrnation included in the annual report other than the financial statements and our auditor's Teport thereon. The trustees are responsible ft)r the other inforn]ation CORtsined within the annual report. Our opinion on the fmancial statements does not cover the other infornlalion and, except to the extent othemise explicitly stated in our report. we do not express any foTrn of assurance conclusion thereon. Our responsibility is to read the other infonnation and, in doing so, consider whether the oiher informalion is materially inrnnsistent with the financial statements or our knowledge obtained in the course of the audil or othen¥ise appears to be materially rnisstated. If we identify such materia] inconsistencies or apparent malerial misstatements. we are required to detemiine whether thi5 gives rise to a material misstatement in the finan¢ial 5t8tements themselves. I£ based on the work we bave perfornied. we concludc that there is a material misstatement of this other infonnation. we are requÉred to report that fact. We have nothing to report in this Teg3Td. OPINIONS ON OTHER MATfERS PRESCIUBED BY THE COMPANIES ACT 2006 In our opirAion. b&sed on the work undertaken in tbe c4)urse of the audit: the information given in the T￿ste¢S, Repott which includes the Strategic Report and the Directors, Report Prepared for the purposes of compaDy law, for the financial year for which the financial statements are prepared És consistent with the fmancial statements; and the Strategic Report and the Directors, Report included within the Tn￿, Rep)rt have been prepared in accordance with applicable legal requirements. 13 NORTH CRAVEN BUILDING PRESERVATION TRUST LIWTED INDF,PF.NDFNT AI]DII'OR'S REPORT TO THE TRUSTEES OF NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED (CONTINUED) FOR THE YEAR EM)ED 31 MARCH 2025 MAThERS ON WHICII WE ARE REQUIRED TO REPORT BY EXCEPTION En the light of the knowledge and undeT5tanding of tbe trust and its eThvironment obtsined in the course of the audiL we have not identified materÈal misslaternents in the DirecloTS RetM)rt included within the T￿￿te¢s, ReporL We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 require us to Teport to you if, in our opinion.. adequate accounting records have not been kept. or returns adequate for our audit have not been received from branches not visited by us- or sufficient accounting reeords have not been kept. or the ftnanciaL statements are not in agreement wilh the accounting recoTds and return5" or certain diselosures of trustees, Temunerntion specified by law are not made; or we have not received all the infomlation and explanations we require for our audiL RESPONSIBTLITIES OF TRUSTEES As explained more fully in the TTuslees' Siatement of RestK)nsibilities, the Trustees (who are 3150 the Directors of the charitable company for the purEK>ses of company law) are responsible for the pieparnlion of the finaTbcial statements and for being satisfied that they give a true and fair view, and for such internal control 85 the trustees detemine is necessary lo enable the preparation of financial statements that are free from material misstatemen( whether due to fraud or error. In preparing the financial statements. the tnjsl￿S are responsible for assessing the group's ability to contfrnue a5 a going wneern, disclosing, as applicable, matteTS related io going concern and using the going concem basis of accounling unless the etther intend to cease operations. or have no realistic alternative but to do so. AtrDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMEIYTS Our objectives are to obtain reasonable assurance about whether the financial statement5 a whole are free from material mi5StatemenL whether due to fraud or error, and to issue an auditorf5 reporl that ftnclud¢s our opinion. Reasonable a9surance is a high level of &8surance, but is not a guarantee that an audit conducted in 8ccordance with ISAS (UK) will always delect a material misstatement when it exists. Mi55tatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these fJnanci&l statements. Irregularities, including fraud, are instances of non-compliance with laws and regulation5. We design procedures in line with our responsibilities. outlined abov4 to detect matcrial misstatements in respect of irregulartties. including fraud. The extent io which our procedures are capable of detecting iTregulArities, including fraud, is detailed below. As part of our planning process.. We erAquired of management the systems and controls the cOtnpa￿Y and group h&£ in place. the areas of the financial statements that are mostly susceptible to the risk of irregularities and fraud. Mnd whether there was any known, suspected or alleged fraud. Management did not inforni us of aDy known, suspected or alleged fraud. We obtained an understsnding of the legal and regulatory frameworks applicable to the company and group. We determined that the following were most relevant to the fm3ncial statements: Companies Act 2006, CharÈties SORP FRS 102 & guidanGe given by the Charity Commission England & Wales. We considered the incentives and opportunities that exist in the company and group, including the eXt￿t of managetuent bias. wFLich present a potential for irregularities and fraud to be perpetrated, tailored our risk L8sessment accorditkgly. Using our knowledge of the group. together with the discussioD5 held with tnawement at the pla[￿Ing stage, we formed a conclusion on the risk of mi55tatemeut due to irregularÈties including fraud and tailored our procedures according ti) this risk assessment. 14- NORTH CRAVEN BUILDING PRESERVATION TRUST LIIWTED JTr4DEPENDKNT AUDITOR'S REPORT TO THE TRUSTEES OF NORTH CBAVEN BUILDING PIiESERVATION TRUST LATrUTED {CONTIDIUbD) FOR THE YEAR ENDED 31 MARCH 2025 Itl response t() the risk of irregularities aDd non-compllance with laws and regidations. including fraud. we desigDcd procedures which included: Enquiry of tnanagement and those charged with governance around actual and w)tential litigation md claims as well as actual. suspected and alleged fraud. Testing key Fevenue stream, in parlicular Cut-off and recognition of grdllt funding. for evidence of management bi&8 or fraud. Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statemcnts or the operaiÈons of the entity through enqutry and inspection. R¢viewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. Perf0rn7ing audit work over the risk of management bi&g and override of controls, including iesting of journal entries and vther adjustments for appropriateness, evaluating the business ralional¢ of significaTJt transactions outside tbe nomial wurse of business and reviewing accounting estimates for indicators of potential bias. There are inherent limitations in the audit procedures described above. The more removed that laws and regulations are from financial tT8nsactions, the less likely it is that we would bewme aware of non-compliance. Auditing standards 8150 lirnit the audit procedures r4uired to identify non-compliance with laws and regulations to enquiry of the directors and- other management and the inspection of regulatory and legal correspondence, if any. The risk of not detecting a material misstaternent resulting from fraud is higher than one resulting from ¢TTor, as fraud may involve collusion, forgery, intentional omissions, misrepresentstTons. or the ove￿Ide of internal control. A fvrther description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. http'.Ilwww.froorg.uklauditorsrespon$ibtlities. This description forms part of our auditor's report. USE OF THE AUDIT REPORT This report is made solely to the charity's trustees, as a body, in ¥c￿rdanCe with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are requÉTed to state to them in an auditors, report and for no other purpose. To the fyllest extent perniitted by law, we do not accept or assurne responsibility to anyone other tban the charilable company alld the charitable ¢on)pany's trustees &% a body. for oui audit work. for this repor¢ or for the opinions we have forn]ed. Deborah Thorn FCA (S¢Dior Ststutory Auditor) For and oll bebalf of CHAMPION ACCOUNTANTS LLP Chartered Aeeovntauts & St¥tutory Auditor aa IDIS Unit 2 Otympic Court WILitchills Businc5s Pèrk Blackpool Lancashire FY4 5GU ck￿lpI0ll Accountants LLP is eligible foT appointtnent as auditor of the charity by virtije of its eligibility for appointment as auditor of a company under 5ectioTh 1212 of the Companies Act 2006. 15- NORTH CRAVEN BUILDING PRESERVATION TRUST LIMtTED CONSOLIDATED STATEMENf OF FINANCIAL ACTIVITIFS (INCORPORATNG THE INCOME AND EXPENDrfuRE ACCOUF FOR TI4E YEAR ENDED 31 MARCH 2025 UDrLgtricted Restricttd Totsl Fulld5 Unrestricted Restricted Totsl Funds Fullds Fullds 2015 Fullds Funds 2024 Note Income and endowmeDts Donations and legacies Charitable activRties Other trading actiVTties Investment income Other inc¢¥me 19,614 9,178 814.740 28,792 814.740 239.146 21,830 15,937 405.600 371.296 421,537 371.296 220.448 24,836 239,146 21,830 220,448 24,836 Total income 280,590 823,918 1.104,508 261,221 776,896 1.038,117 Expenditure on Raising fijnds Charitable activities .Other io (232,l62) (122,491) (167,800) (232,162) (234,297) {234297) (290.291) (133,424) {145,212) (278.636) (6.019) (6.019) (522.453) (373,470) {145,212) {518.952) TotAI resources expended (354.653) (167.800) Net (outgoiJ)gyintoming resources (74.063) 656,118 582.055 (112,519) 631,684 519,165 Other recogDl$ed gains and losses Revaluation of tangible fixed assets 6.950 6,950 (3,432) (3,432) Net movement funds (74.063) 663,068 589.005 (115.951) 631,684 515,733 Fund ba1￿ceS at l April 2024 1.600.303 1.051,235 2,651.538 1,716,254 419.551 2,135,805 Fund balances #t 31 March 2025 1,526,240 1,714,303 3,240.543 1,600.303 1,051,235 2,651.538 The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive frolll continuing activitics. The statement of financial activities also ￿MPlIeS with the requirements for 8Th income and expenditure account under the Companies Act 2006. A separate Statement of Financial Activities. and income and expenditure account, fi>r the charity itself 8Je not presented because the charxty has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006 and paragraph 397 of the SORP. 16- NORTH CRAVEN BUILDING PRESERVATION TRUST LThIITED CONSOLIDATED STATEMEwf OF FINANCIAL POSITION AS AT 31 MARCH 2025 Group 2025 Group 2024 CbArity 2025 Charity 2024 Note Fix¢d Assets Tangible ￿￿ets FIeritage assets Investments 16 17 2,101,833 72,602 2,093.464 2.101.833 2,093,464 63,152 72,602 63,152 2,174,435 2.156,616 2,174,436 2,156,617 Current Ass¢l$ Stock Debtors C&8h at bank and in hand 19 18 9,255 1,054,275 81,060 7,832 353,480 1.073,729 210,361 80.152 379,721 199,636 l.144,590 (50JI5) 571,673 1,153,881 579J57 (43.013) (39.408) (32,054) Creditors: Amounts fxlling due within OD¢ year 20 Net Current Assets 1.094,275 528,660 1,114,473 547,303 Totxl Assets Less Current Liabiliti 3.268.710 2.685.276 3,288,909 2,703,920 Creditors: Amouots fg11ing due after more th*n ont year21 (28.167) (33,738) (28.167) (33,738) Net Assets 3,240,543 2.651,538 3,260,742 2,670,182 Income Funds General restrkcted funds Revaluation Yeserve Unrestridcd fijnd Revaluation reserve Designated fiuid5 General unrestricted fvnds 23 1.704.853 9,450 1,048,735 1,691,853 1.048.735 2,500 9.450 2,500 24 24 24 740,000 20,000 766240 740,000 115,000 745,303 2.651,538 3,260.742 2.670,182 740.000 20,000 799,439 740,000 115,000 763,947 Total charity fund5 3.240,543 These financial statements were approved by the Thlstees on the 22 September 2025 and are signed on their behalf by: Mrs H E Lane (Chair) CompaDy Registration Number: 01265072 17- NORTH CRAVEN BUILDING PRESERVATION TRUST LIMtTED CONSOLIDATED STATEMENT OF CASH IfLOWS YXAREND 31 MARCH 2025 Croup 2025 Group 2024 ChArity 2025 Charity 2024 Cash Flows from Optr#tillg Activitles Net in¢ome l (deficit) 582,055 519.165 583,604 537,813 Depreciation 3.731 109284 3.731 109284 Income from investments Net (gain) I loss on sale of tangible assets (21,830) (24,836) (21,830) (24,836) I,195 2.236 1,195 2,236 Movements in working capital: (In¢re2se}tDecreas¢ in stock (1,423) (lJ61) (Incre&8eyDecre&se in debtors Incre&8el(Decrease) in creditors (700.795) (187,257) (694,004) {189.392) 7.100 2,347 7,154 (19,452) Net cash used in operating activities (129.967) 419.578 (120,150) 415,653 Cash Flows from Invutittg Activities Purch&8e of iangible assets Purchase of heritage &ssets Investment income received (13,293) (626,897) (13.293) (626,897) {2,500) (250) (2,500) (250) 21,830 24,836 21,830 24,836 Net cash from investing activities 6,037 (602,311) 6,037 (602,311) FTrnancillg Aetivities Rep4yment of bank loans (5,371) (5,165) (5,371> (5,165) Net illcrexsel{detreAse) in cash and easb equivalents (129,30I) (187,898) (119.484) (191,823) CL8h in hand #nd at bank at the beginning of the year 210.361 398259 199,636 391,459 Cash in hand and at bank at the end of the year 81,060 210,361 80,152 199.636 18- NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED NOTES TO THE FJNANCIAL STATE1￿￿￿Ts FOR TItE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES North Craven Building Preservation Tn]st Limited is a private company limited by guarantee incorporated and registered as a charity in England and Wale5. The Tegistered office is The Folly, Victoria Street, Settle. North Yorkshire. BD24 9EY. 1.1 Accoumtiug conventioD The financial statements have been prepared in accordance with the charity's goveming documerkt. the Companies Acl 2006 and "Accounltng and Reporting by Charities: Statement of Recornmended Practicc applicable to ch¥Jrities piepariDg their accounts in accordance with the Financial Reporting Standard applicable ill the UK and Repllblic of Ireland (FRS 102) (effeclive l January 2019).. The charity is a Public Benefit Entity ￿ defined by FRS 102. The financial statements aTe prepared in steTling. which is the fvnctional currency ofthe charity. Monetary aTnounts in these fEnancial statements are rounded lo the nearest £. The fin8ncial slatemenls have been prepared under the historical eost conventiors, (modified to include Ihe revaluation of properties and certain financial inslruments at fair value)-The principal acwunting Policies adopted are set out below. Basis of ¢onsolidAtion Tn the parent company financial statements, the c05t of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attribLttable to ihe business combination. The cxcess of the u)st of a business combinatiOfL ov¢r (he fair value of the identifiable &ssets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be me&8ured reliably, and is adjusted for ¢hang¢s in contingeTrt Consideration after the acqui51tion date. Provisional fair values recogttised for business cornbinations in previous periods ar¢ adjusted retrospectively ftir final fair values d¢t¢rmined in the 12 months following the acquisition date. Investments in subsidiaries, joint ventures and associates are accounted for at cost less impairn]cllt. Tlie consolidated financial statements incorporale those of North Craven Building Preservation Trust Lirnited and of its subsidiary (i.e. an entity that the group controls tIITough its power to govern the financial and operalii)g policies so as to obtain economic benefits). Any subsidiary acquired during the year is consolidated using the PUTchase method. The results are ineorporated from the date that control passes. The sole subsidiary w&8 kncluded in the group from its incorporation date and was not acquired. All financial statements are made up to 31 MaTch 2025. All intra-group transactions. balance5 and unrealised gYAins on transactions between group companies are eliminated on cotL801idation. Unrealised losses are also eliminated unless the transa¢tion provides evidence of an impairnient of the asset transfe￿. 1.2 Going eoncerll At the tirtje of approving the financial statements, the TTUStees have a re&8on8ble expectation that tlle Charity h&g adequate res0[￿CeS to Continue operdtional existence for the foreseeable future. Thus the Trustees continue to adopt the going concern b&sis of ac(xJunting in preparing the financial Statements. 1.3 Charitable Funds Unrestricted funds are available for use at the discretion of the trusiees in furtherance of their charitable obje¢tives. Designated fi]nds are Unrestricted funds that have been set aside by the ttustees for specific puryK)5es. Restricted funds are subject to specific conditiODS by donors as to how they may be used. The PUTposes and uses of the restricted funds aTe set in the Dotes to Ihe financial statements. 19- NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED NOTES TO THE FINANCIAL sfATEMENrs {coTrrrii+lUED) FOR THE YEAR ENDED 31 MAIiCH 2025 ACCOUNTING POLICIES (eon¢lwied) 1.4 Into￿e Income is recognised when the chaTity Is legally entitled to it after any p*rfonnarce conditions have been mel the amounts can be measured reliably. and it is probable that incA)me will be receiv&1 Cash donations are recognised on receipt. Other donations ore recognised once the charity h8s been notified of the donation, ￿￿esS perfortnance conditions require deferral of the amount. Ineome t&K recA)verable in relation to donations received under Gift Aid OT deeds of covenaDt is recognised ai ihe time of the donation within the Tel¢vant financial year. Legacies are reCog￿lsed on receipt or otherwise if the chaTity has been notified of an impending distribution. th¢ mount is known, and receipt is expected. If the amount is not known. the Icga¢y is treated as a contingent asset. Grants are Gredited as incoming resources when ihey are receive¢ providcd oonditions for Tcctipi have been complied with. and unless Ihey relate to a Specific ￿ture period in which case they aTe defetTed. 1.5 Expenditure Liabilities are recogThised as expenditsre ￿ soon as there is a legal or constTUCtive obligation conLmitting Ihe charity lo that expendithre, it is probably that a transfer of economic benefits will be required in settlement, and the amount of thc obligation can be measured Teliably. Expendithre is accounted for on an accru81s basis and has been Classified under headings thal &￿egate all cost related lo the category. Wher¢ costs cannot be directiy 8ttribuled to parti¢ular headings, they have becn allocated to activities on & basis consistent with the use of resour￿. Governance costs include costs attributable to compliancc with ujnslitutional and statutory requir¢m¢nts, including professional costs and independent examiner fw. Support costs include central functions and have been classified under headings that aggregate all cost related to the category. Where costs carmot be directly allribuled to particular headings. they have been allocated to activities on a basis consistent wtih.the use of resources Fund raising ￿$ts relate predominantly to the c4)st of sales and p&yroll cost.s of the coffee house that is run by the trading subsidiary. 1.6 Tangible fixed assets Tangible assets are initially measured at cosL and subsequenlty mcasvred at cx)st or valuation, net of depreciation and accuinulated iTnpatmient losses. Depreciation is recognised so as to write off the cost or valuation of assets, less their estimated residual value, over their use￿1 economic lives on the following bases: Freehold land and buildings Plant and equipment Fixtures and fitttngs Computers Nil IOO/o on cost 10/0 on cost IOWD on cost The gatn OT loss arising on the diS￿Sa3 of an &s5Ct 15 ddertnined &$ tbe differcn¢e between the sale proceeds and the canytng valuc of the &sseL and is reCogni￿d in the statemenl of financial activitie& Freehold land aDd buildings comprise mixed use properties acquired in line with the charitable objectives of preserving and maintaining historic properti&s. Consequently. no depreciation has been provided on the￿ properties as they are expected to have an infinite USefi￿ economic life due to the continuing Preservatio￿ Annual itnpairment reviews are Ca￿1ed out by the Trustees together with independent professionaI valuations obtsined periodically. -20- NORTH CRAVEN BUILDll¥G PRESERVATION TRUST LIMITED NOTES TO THE FtNANCIAL STATEMEFITS (CONTIN￿) FOR THE YEAR ENDED 31 MARCH 2025 1.7 Heritsge assets Heritage assets are held for their contTibution to knowledge and culture. The museum collections are not held as investments but for public benefit. If the Trust were to be woulld up. the coll¢ctions would be offered free of chaTge to anotber accredited museum. Assets purch&scd are included initially at original c05t witb annual impairnient reviews. Donated assets are Èncluded at fair value at the dale of donation where practicable and subsequenlIy carried at drzmed cost without fijrther revaluation. Certain assets of a similar type are subject to revaluation aThnually. 1.8 Fixed 455et investments Fixed asset investments are initially measured at transaction price ex¢luding transaction costs. and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income l (cxpenditure) for the year. Transaction costs are expensed incurred. A substdiary is an entity c￿ntrolled by the charity. Control is the power to govern the financial and operating policies of the entity 50 &8 to obtain b¢n¢fits from its activities. 1.9 ImpairmtDt of Fixed 85sets At cach reporting end date, the charity Teviews the ¢atrying amounts of its langible ossets to deterniinc whether there is any indication tl)at those assets have suffered an impaimient loss. If any such indication exists. the recoverable 8mount of the asset Is estirnaled in order to delern)ine the extent of the impaimient loss (if any). 1.10 Cash *nd easb equivxltnts Cash and cash equivalents include cwh in hand, deposits held at call with baftks, other short-temi liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafis aTe shown within borrowings i CUTrent liabilities. 1.11 Financial instruments The charity h&5 elcded_to apply the provisions of Section I I 'Ba5ic Financial Instruments, and Section 12 '0ther Ftnan¢ial Instruments Issues. of FRS 102 to all olits flnancial instruments. FinancÉal instruments are recognised in the charity's balance sheet when the charity becomes p8ty to the contractual provisions of the instrument. Fioancial &85ets and liabilities are offseL wlth the net amounts presented in the financial statements, when there is a legally enforceable right to Set off the recognised amounts and there is an intention to settle on a net basis or to realise the &$5et and settle the Eiability simultJneously. Bwicfinancial ossets Basic fmancial &5sets. whtch include debtors and and bank balances. are initTally measured at transaction price tncluding trnnsaction Costs and are subsequentty carried at amortised c05t using the effective interest method unless the alrangement con5tttiLtes a financing transaction, where the tmsaction is measured at the present value of the future receipts discounted at a Ma￿et rate of intetesL FinaThcial awets cl&ssified as receivable wktbin one year are not 8mortsed. Basic financial liabilkties, including creditors and bank loan5 aTe initially recogniscd at transaction price unles5 the arrangetnent constitutes a financing transaction, whcie the debt instrument is M￿sUred al the present value of the tui¢ payrnents discounted at a tllarket rdte of inleresL Financial liabilities classified &$ payable within one year are not amortised. Debt instruments are subsequently canied at aniortised cosL using the effective inteTest rate method. 21- NORTH CRAVEN BUILDJNG PRESERVATION TRUST LtMITED NOTLS TO TBE FJTr4ANCbtL STATEMENTS {CONfINUED) FOR THE YXAR EFIDED 31 MARCH 2025 Trade Greditors are obligations to pay for Eoods or services tbat hove been aeqllired in the ordinary course of operations from suppliers. Amounts payable are classified a5 current liabilities if payment is due within on¢ year or less. If nol thcy are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised c05t using the effective interest method. Derecognition of fi￿￿nCi*l liabilities Financial liabilities are dereco&mised when the charity's contractual obligations expire or are disclk8rged or cancelleil. 1.12 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Terniinalion benefits are re¢ognised immediately as an expense when the Charity is demonstrably committed to lerminatc the employment of an employ¢¢ or to provid¢ tCTmination benefits. 1.13R¢tirtmeDt beDefJts Payment t0.d¢f￿¢d contiibution relirement benefit schemes are charged as an expense as they fall due. 2, CRITICAL ACCOUNTING ESTIMATES ATrID JUDGEMENTS In the application of the charity's accounting policies. the trustees are required to make judgements, ¢stimates and ssumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historirAI experience and other factors that are Considered to be relevant. Actual results may differ from th￿t estimales. The etstimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recogmised in the period in which the estimate is revtsed where the revision affects only that period, or in the period of th¢ revision and perkods where the revision affects both current and futurc periods. The following judgemenls (apart from those involving estimales) have had the most Significant effe£t on amounts reCO￿Lis¢d in the financial statements Impairment of tAngible r￿e￿ assets The useful economic life of tartgible fixed &ssct5 is judged ￿ the point of purchw and reviewed at each flnancial r¢porting date. This judgernent 15 based UPOE] the Irustec5' knowledge of thc area in which the charity operates and of the individual sets and by referencc lo extemal 5uTveys where 8ppropriatc. As sl8ndaTd, a usefvl ecoootnkc life of ten y¢aTS is applied io plant and equipmenl fkxknres aDd fittings and computers. Laud and buildings have signifjc4nt historical value and arc considered to have Bn infinile lif< -22- NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED NOTES TO THE FINANCIAL >fATEMENTS (coNfiNUED) FOR THE YEAR ENDED 31 MARCH 2025 LtMrrED BY GUARANfEE North Craven Building Preservation Tnist Litnited is a company lirnited by guaranfre and accordingty do￿ not have a share capital. DONATIONS AND LEGACIES UDrestricted Funds Restricted Total Funds Funds 2025 Total Funds 2024 Donations Donations and gifts 19,614 9.178 28,792 421,537 Aualysed by Unrestricted fiknds Restrict¢d funds 15.937 405,600 421,537 OTitER CHARITABLE ACTIVITIES Restricted Total Funds Funds 2025 Total Funds 2024 Pcrfonnance related grants 8l4.740 814,740 371,296 AnA]ysed by fuDd Unrestricted ￿ndS Restricted ￿ndS 371,296 371,296 [M￿STMENT. INCOME Unrestricted Totsl Fullds Fujjds 2025 Total Funds 2024 Rentsl income Interest receivable 16,240 5.590 16,240 5,590 17,102 7,734 21.830 21,830 24.836 OTHER TRADING AcfKviTL8 Unrestricted Total Fttuds FuDd5 2025 Totsl Funds 2024 Coffee Ho￿e Retail Sales Events & Commissions 215,818 17,218 6,110 215.818 17.218 6,110 204.217 13.978 2.253 239,146 239,146 220,448 -23- NORTH CRAVEN BUILDll¥G PRESERVATION TRUST LIMITED NOTES TO THE FtNANCJAL STATEMENTS (COIUINUED) FOR THE YEAR ENDED 31 MARCH 2025 COSTS OF EXPENDITURE ON CHARITABLE AcfiviTIES Totil Funds Totsl Funds Group Charity 2025 2025 Total Funds 2024 Staff c()sts Depreciation and irnpairment Repairs and renovation Project expenses Sundry expenses Legal and professional charges Advertising Relocation costs Travel expenses Staff training Computer costs Printing & stationery Loss on sale of fixed assets 124,980 3.730 18.915 3273 2.010 33.161 6.191 1,794 2.555 1.159 1.465 3.167 1,195 124,980 3.730 18,915 3273 2,010 33.161 6,191 1,794 2,555 1,159 1.465 3,167 1,195 68.116 105,500 405 1,867 327 12,000 203.595 66,374 20,322 203,595 60.601 11,781 188,215 71,329 19,092 Share of support costs (sce note 9) Share of governance costs {see note 9) 290,291 275.977 278,636 Analysed by fuud Unrestricted fjJAds Restricted fijnds 122,491 l67,800 108,177 167,800 133,424 145,212 290291 275,977 278,636 ANALYSIS OF SUPPORT COSTS Support Costs Governgnte Costs Totsl Funds 2025 Total Funds 2024 Staff costs Rates and water Light heat and power Jngurance Repairs and renewals Telephone Printing postage and stationery Sundry expenses Cleaning and housekeeping Bank charges Marketing Loan interest Accountancy & audit Legal & professional Licences & subscriptions 14.810 2.618 15,993 10.047 7,611 3,000 1,004 3,157 4,224 1,762 14,810 2.618 15,993 10,047 7.611 3,000 1,004 3,157 4,224 1,762 7.114 2.299 k4,561 8.092 21,348 2,995 1,144 2,567 7,611 1,133 839 839 11,390 2,697 7,544 1,045 9,280 6,317 4,915 11,390 1,388 7544 1,309 66,374 20.322 86,696 90,42I -24- NORTH CRAVEN BUILDING PRESERVATION TRUST LIWTED NOTFS TO THE FINANCIAL sTATE￿El￿Ts (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10. COSTS OF RAISING FUNDS Group 2025 Charity 2025 Total Funds 2024 Museum costs Coffee House cost of sales Coffee House staff costs Advertising 10,025 61.952 159.586 599 10.025 12,033 59,382 162,882 232,162 10,025 234,297 11. IiEVALUATION OF FIXED ASSETS R¢stritted Total Funds FuDds 2025 Total Funds 2024 Freehold buildings Heritage assets (3,432) 6,950 6,950 12. NET INCOME Net income is stated after Gbar8ingl(credtting): 2025 2024 Loss on disposal of tangible fixed assets Depreeiatiort of tangible fixed assets 1,195 3,731 2,236 4,284 13. AUDITORS REMUNERATION The fees charged by the auditor can be further analysed under the following headings for serviK% rendered: 2025 2024 Fees payable for the audit of the financial Statements 7.950 6.000 Fees payable to the trust's auditor and its associates for other serviccs: Fces for accounting serviccs 3,440 3,280 -25- NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED NOTES TO THE FINANCIAL ￿ATEmENTs (CONfiNiiED) FOR THE YEAR ENDED 31 MARCH 202S 14. STAFF COSTS AND EMOLUMErrrs Total staff costs were as follows- 2025 2024 Wages and salaries Social secursty costs Other p¢nsion costs 285,618 10,126 3,632 237,889 5,456 2.249 299.376 245.594 The average numbu of employees during the year was &$ follows: 2025 2024 There were no employees whose annual remuneration was more than £60.000. IS. TRUSTEE REMUNERATION AND EXPENSES Arti¢le 7 of the Thjst's Articles of Association (2017 as amended) states that "A Trustee or connected person may enter into a contract for the supply of services. or of goods that are supplied in connection with the provision of services, to the Trust where that is pernlitted in accordancc with, and subj¢¢t to the condition5 in, sections 185 and 186 of the Charities Act 2011" In accordance with this, the Board resolved at its meeling on 26 April 2021 to enter into a freelance conttact with Mrt Lynn Northrop, who received £14,244 (2024.. £17,657) for administrative expenses. No other trustee (or any persons connected with them) received any remuneration or benefits from the charity during the year. Durii)g the year the charity paid travel expenses totalling £271 and reirnbursed other exper)ses paid on belialf of th¢ charity by tNstees amounting to £1,337. The charity received donations 2nd membership fees from in55tees amounting to £12.682. -26- NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED NOTES TO THE FfNANCIAL STATEMEFrfs (CONflNUED) FOR THX YEAR ENDED 31 MARCH 2025 16. TANGIBLE FIXED ASSETS Group & Charity Land & buildiD£s Plant & eqMipmeDt FiItures & rittings Computers Total Cost or valuation At l April 2024 Additions Disposals Revaluation 2.179J63 13.119 5.526 (3.771) 21.979 849 4,397 6.918 l218,858 13,293 (3.771) At 31 March 2025 2,179,363 14,874 22.828 11,315 2,228,380 DepreeiatjOD At l April 2024 Charge for the year Elimination on disposals Impairtnent revi¢w At 31 March 2025 105,000 5,439 1.487 (2,577) 13J16 1,774 1,439 470 125,394 3,731 {2,577) 105,000 4.349 15.290 1,909 126,548 Net Book Value At 31 MArch 2025 2,074,363 10,525 7,538 9,406 2,101,833 At 31 Mar¢h 2024 2.074,363 7,680 8,463 2.958 2.093.464 Land and buildings with a catrying amount of £1,500.000 are slated at valuations caTried out by WB W Surveyors Limited. irndependent valuers, on 27 January 2022. The Folly has a carying value of £1,000,000. purCh￿d initially for £180,000 tn 1997, with the addition of the North Range for £580,000 in 2010. Th¢ Zion Chapel and &ssociated properties have a valuation of £500,000 and were originally donated io the T￿st in January 2018. In the year to 31 March 2024 the trnst acquiAed a property at a cost of £408,432 including legal fees 8nd following an impainnent review, this w&s written down to a valuation of £300.000. Land and.buildings include freehold ptoperty at a net book value of £1,574J63 (2024 th1,574,363) and long leasehold property 01£500,000 (2024: £500,000). -27- NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED TrIOTES TO THE FTr4ANCiAL STATEMETrWS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17. HERITAGE ASSETS Assets purchased are included initially at original Cost with annual impair￿ent reviews. Donated &%sets are included at fair value at the date of donation where practicable and subsequently carried at deemed cost without fitrtber rcvaluation. Certain &ssets of a similar type are subject to revaluation annually. Category A assets are held at original or deemed cost aThd CLtegory B asset5 are held at market value. Group 2025 Group 2f124 ChxrÈty 2025 Charity 2024 Cost or valuation blf Additions Revaluations 63,152 2.51)0 6.950 62,902 250 63,152 2,500 6.950 62,902 250 Cost or valuation df 72.602 63.152 72,602 63,152 2025 2024 2023 2022 2021 Purchases Group A Group B Donations Group A Group B 2500- 250 5,OIK) 2,000 Tot21 additions 2,500 250 2,000 5,000 Charge for impairnient Group A Group B Total ch8rge for imp3irDJent Dtsposals Group A Group B Total disposals Proceeds from Disposals Group A Group B Total disposals 28 NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED NOTES TO THE Fll4ANCIAL STATEMENTS (COl+ttlNUED) FOR YEAR ENDED 31 MARCH 2025 18. DEBTORS Amounts falling due within one year". Group 2025 Croup 2024 Charity 2025 Charity 2024 Trade debtOTS Amounts owed by group urAdertakings Other debtors Prepayments and a¢Grued income 1,050.730 346.471 1,048,473 21.711 1.542 2.003 346,366 26,346 4,524 2,485 1.542 2.003 4,524 2,485 1,054,275 353,480 1.073.729 379,721 19. STOCK Group 2025 Group 2024 Charity 2025 Ch￿lty 2024 Stock of fiDÉshed goods 9255 7,832 20. CREDITORS: Amounts fglling due within one year Group 2025 Group 21124 Charity 2025 Charity 2024 Bank loans Other taxation and social se¢uTity Trade creditors Other creditors Atnounts owed by group undertakings Accruals and deferred income 5,450 7,602 10,710 11,131 5250 10,775 4,684 12,680 5,450 5.007 7,772 11,271 5,250 8,735 1,723 6,722 l5,422 9,624 9,908 9,624 50J15 43,013 39,408 32,054 21. CREDITORS.. Amounts fAlliDg dut #fter more than one yeaT ' Group 2025 Group 2024 Charity 2025 Charity 2024 Bank loans 28,167 33,738 28,167 33.738 Pay8ble wtthin One year Payable after one year 5.450 22,717 5,250 28.488 5,450 22.717 5250 28.738 Amounts included above which fall due after five years". Payable by instalments 8.470 13,920 8,470 13S20 -29- NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED NOTES TO THE WQ4ANCIAL sTATE￿NTs (CONfJNUED) FOR THE YEAR ENDED 31 MARCH 2025 22. RETIREMENT BENEFIT SCKEMES Defmed eontributlOD $themes The charity operates a defined contribution pension scheme for all qualifying aJ)ployees. The assets of the scheme are held sepaTately from thos¢ of the charity in an independently adMinist￿ed fimd. The charge to profit or loss in respect ofdefined contribution schemes w8s £3,632 (2024: £2,249). 30- NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED NOTES TO THE FtNANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDKD 31 MARCH 2025 23. ANALYSJS OF CHARITABLE FUNDS Restricted funds At l Apiil 2024 Ineoming Resources Resources eipellded Transfers Gxins At 31 Mareh loss 2025 Heritage Assets Fixtures & Fitting Dr Bucks House Folly renovations Homer Photography Collection Arts Council MEND Grant Arts Fund Reimagine Grant Follylzion donations Historic House Foundation NHLF Dynamic Collections Heritage Comp&8s Community ACE Unlocking Collections Royal Society (Places of Science) CAF Donation ARTS Council MEKD 4 Grant Yorkshire Dales National Park rDN Strategic Grant UKSPF North Crdven Heritage Trnst North Craven MDN CPS Bursary Decking donation 62,902 1.643 300,000 274,)63 3.703 3.801 25.063 28,000 Jo,800 231,860 5.000 loo.000 3,500 600 6,950 69,852 7,253 300,000 274,363 3.703 1375) 5.985 (3,801) (19,078) (5.985) 28,000 {10,800j (78,684) (5.000) (35,614) {3,500) 153.176 64,386 1,470 798,500 10.000 1,500 658 3,000 1,082 7,708 2,070 798.500 10,000 (1,500) (658) 3,000 (1,082) (7,708) Total charity funds 1,051.235 823,918 (167,800) 6,950 1,714.303 Previous Ye8r At l Aprll 2023 lucomlng Resource5 R£sourees expended Tr9nsfers GAins ADd At 31 Mgrch 105ses 2024 Heritage Assets Fixtures & Fitting Dr Bucks House Ilorner Phtstography Collection Folly Renovations Arts Council MEND Grant Harold & Alice Bridge5 Charity Sylvia Waddilove Foundation North Craven HerÉtage Trnst ART Fund lieimagiDe GTant Folly/Zion donations Historic Houses Foundation NHLF Dynamic Collections Heritsge Compass Community ACE Unlocking Collections Royal Society (Places of Science) Donation Dr Buck's House CAF Do[￿tiOn 62,902 2,143 62,902 1,643 300,000 3,703 274,363 3,801 (500) 300.000 3,703 58.674 211,990 3.000 3.000 1.500 44.639 28.IXJO 215,689 (208.189) (3,000) (3,000) (1,500) 2.000 (21,576) 25.063 28,000 10.800 231.860 5,000 loo.000 3,500 10,800 249,996 5,000 loo.000 3,500 405,000 600 (18,136) (300.000) (105,000) 600 Total charity funds 419551 776.896 (40,212) (105,000) 1,051.235 31 NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED NOTES TO TEIE FINAP4CXAL %fATEMENTS (CONTtNUED) FOR THE YXAR ENDED 31 MARCH 21)25 23. ANALYSIS OF CHAIUTABLE FUNDS (continued) The purpose of th¢ main grant ￿ndS w&8:_ Art Fund Reimagine award- DiEitisation and cataloguing of the Horner Photographic Collection. Arts Council England l DCMS Museum Estates and Development (￿END) award 2022-202￿ Repairs to The FDIIY sovth rdllge. Arts Council EDgland l DC.MS Museum Estates and Development (MEND) award 2025-27- Repairs to The Folly roofs. repointing and drainage. Arts Council F.ngland Unlocking CollectTrons award - Community engagement to captur¢ infotmation about donatsd collections and their intangible cultsral heritage. Jonathan Ruffer curatorial grant - Assistanc£ in meeting. the costs of attending the 2024 Museums Association Conference in Leeds. National Lottery Heritage Fund Dynamic Collections award - Collections audit and augmenlation of c&talogue records. improvements in collections care and interpretation. Museum Developm¢nt North CPD award- Delivering trdining to sthff and volunteer teams. Museum Development North strategic grant- Repack8ging item5 housed in substandard storage medi& Royal Society (Places of Science 2024)- Support for GroundNe51Fest 2024. -32- NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED NOTES TO THE FINANCIAL STATEMErfrs (coiYriNUED} FOR THE YEAR Ef4DED 31 MARCH 2025 24. UNKESTRIcfED FUNDS The unrestricted fjmds of the group cornprise tbe unexpended balances of income. donations and grnnts which are not subject to specific conditions by donors aud grantors as to how they may be used. These include designated funds which have been set &side out ofunr¢strtcted funds by the trustees for specific purposes as detailed below. At l April 2024 Iocoming Resoureès resources expeDded Ga5n$ and losses At 31 MAreh 2025 Business Devclopment Fund General fund 115.000 1.485,303 (95,000) (259,653) {354,653) 20,000 1,506,540 2805 1.600.303 280.590 1,526,540 Previous Year A¢ l April 2023 Incoming Resourees resour expended Gains and losscs At 31 Marcb 2024 Business Dcvelopment Fund General fund 115,000 1,601.254 115,000 1,485,303 261.221 (373,740) (373,740) (3,432) (3,432) 1.716,254 261.221 1,600,303 ANALYSIS OF NET ASSETS BETWEEN FUNDS Restricted fuDds UDrutricted funds Totol fvllds 2025 Fund balanccs at 31 March 2025 are represesbted by.. Tangible fixed &8sets Heritage Assets Current Assets Creditors 1,520,217 250 84,255 (78,482) 581,616 72,352 1,060,335 2,101,833 72,602 1,144,590 (78,482) Total Funds 1,526240 1,714,303 3,240.543 Restricted fuDds Uorestricted funds Totsl fllnds 2024 Fulld balances at 31 March 2024 are represented by.. Tangible fixed assets Heritage Assets Cwrent Assets Credktors 1.517,458 250 159.346 (76,751). 1.600.303 576.006 62.902 412,327 2,093.464 63,152 571,673 (76,751) 2,651,538 Total Funds 1,051,235 33- NORTH CRAVEN BUILDING PRESERVATION TRUST LIMITED NOTES TO FINANCIAL STATXMENfs (CONTTNUED) FOR THE YELR ENDED 31 MARCH 2025 26. RELATED PARTY TRAI4SAcfioNS There were no related party trdnsactions during the year other than &s detailed in note 15 Trustees RemuneratTOTh and ExpeThses. 27. CAPITAL COMMITMENTS Ther¢ were no committncnts to capital expenditure at 31 March 2025 (2024: Nil). 28. SUBSIDIARY COMPANY The company h&$ one subsidiary, NCBPT Trnding LiEnited. The company ￿gIStratIon number is 10906515 and it is incorpordled in England & Wales. The registered offjce is The Folly, Victoria Street. Settle. North Yorkshire, BD24 9EY. The parent h&8 IOO•/ts of the votes in th¢ subsidiary. The aggregate &ssets and liabilities at 31 March 2025 are £(20,192) (2024 q18,643). Income fr>r the year w&s £234.902, and after deduction of expenses of £236,451, Pd loss of £1,549 arose. 34-