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← Hoghton Tower Preservation Trust

2025-03-31-accounts

Charity No. 508357

Hoghton Tower Preservation Trust

Unaudited Financial Statements

For The Year Ended 31 March 2025

HOGHTON TOWER PRESERVATION TRUST

CONTENTS

Page
Legal and administrative details 1
Trustees’ annual report 2
Independent examiner’s report 7
Statement of financial activities (incorporating the income and expenditure account) 8
Balance sheet 9
Notes to the accounts 10

HOGHTON TOWER PRESERVATION TRUST

LEGAL AND ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31 MARCH 2025

Registered charity name Hoghton Tower Preservation Trust Charity registration number 508357 Registered office Hoghton Tower Hoghton Preston Lancashire PR5 0SH

The Trustees

The Trustees who served the charity during the period were as follows: -

Mary E Langford ArwelI Lewis Ellie C Botti Duccio M Faraoni Elena Faraoni James K Belsak Accountants and Independent Examiners Triple Bottom Line Accounting Ltd The Enterprise Centre UEA, Norwich NR4 7TJ

1

HOGHTON TOWER PRESERVATION TRUST

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 31 MARCH 2025

Introduction

The Trustees present their report and financial statements for the charity for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out on pages 9 to 11 which comply with the charity's Trust Deed, dated 27 October 1978, and applicable law. The charity is a registered charity, number 508357.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)(effective October 2019).

Structure, governance and management

Statutory background: governing document

The Hoghton Tower Preservation Trust (Charity) is an unincorporated Trust, constituted under a Trust Deed dated 27 October 1978. The charity was established by Sir Bernard de Hoghton Bt DL with an initial restoration fund to be held and applied by the Trustees for the purposes of the preservation and maintenance of Hoghton Tower for the public benefit.

Organisation and structure

Recruitment, appointment and training of Trustees

The Trustees of the Charity are shown on page 1.

The Trust Deed gave the power to appoint new trustees to Sir Bernard de Hoghton Bt DL who resigned from the Board in 2015. A new Chair was appointed by Sir Bernard de Hoghton who has been assigned the right to appoint new Trustees to the Charity Board. The Trust Deed stipulates that there must be a minimum of three Trustees serving at any time and a maximum of seven trustees. Trustees have been recruited on the basis of their established credentials in their respective areas of professional expertise and they have been asked to bring the full benefit of their experience and skill set to support the Charity at board level. All Trustees operate on an entirely voluntary basis. The Trust Deed states that any Trustee who is absent from all meetings for a period of more than eighteen months shall cease to be a Trustee. The Trustees meet as a minimum every 3 months but communicate more frequently via email outside of meetings or have zoom meetings as required.

New Trustees receive information about the Charity, its aims and objectives and are given a tour of the Tower and meet staff and volunteers. Trustees are encouraged to attend appropriate external training where this will facilitate the undertaking of their role. In addition to this, the Trustees gain regular updates from their professional advisers and Charity Commission bulletins are circulated to all Trustees.

Governance and organisational structure

The charity is currently supervised by six Trustees who meet regularly to supervise the strategic and administrative organisation of the charity. They provide management support and financial oversight, regularly reviewing risks and future strategy. Trustees also assist on operations and duty management as much as possible as a way of understanding all issues thoroughly and supporting the small number of executive staff who operate on site 7 days a week. In addition to Trustee meetings, the Chair of the Board meets the executive staff on a weekly basis for team meetings to discuss budget, events and other operational matters.

The Trust ‘s trading arm, Hoghton Tower Ltd, operates alongside the Trust. The Chair of the Board of Trustees is Hoghton Tower Ltd’s director and person with significant control

2

HOGHTON TOWER PRESERVATION TRUST

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 31 MARCH 2025

Key management personnel and investment in staff

A small executive staff split their time across the work of the Trust and its trading arm, Hoghton Tower Ltd.

During the year, the organisation needed to restructure due to the loss of our Business Development Manager. Two new roles were created: Business Manager and a marketing assistant (both appointed in November 2024). The roles were designed to lead on income generation on targeted areas and to help implement and further develop the Trust’s marketing strategy. The Development Manager is a further essential role. These positions are supported by further staff in the office, tearoom and 2 new event development and management posts. The FTE for this year was 3.

Staff are provided with a thorough induction and with health and safety training as well as other developmental training courses as required by their specific role or function. The Trust relies on the effort and dedication of volunteers. More details about their essential role is provided later in the report.

The Trust’s objects

The Trust has three main ‘objects’ as follows:

  1. The restoration and preservation of Hoghton Tower, a fortified Tudor Elizabethan manor house, considered to be a building of outstanding historical and architectural importance, both to its locality and the nation.

  2. Providing access for the benefit and enjoyment of the public and, where possible, the advancement of education as related to the house and its historic eras. The latter objective seeks to encourage and foster historic research into both the history of Hoghton, as well as the county of Lancashire with special reference to historic documents and records.

  3. Fostering public education and interest in matters connected with the preservation of the flora and fauna in Hoghton and the environment generally in the county.

Public benefit

In establishing the objects of the charity, the Trustees have had due regard to the guidance published by the Charity Commission on public benefit. The charity balances its need to deliver activity of public benefit with the need to raise funds. In delivering any public fundraising activities, the Trustees place a high priority on health and safety and their duty of care to staff, volunteers and visitors. This commitment is reflected in the executive team’s dedication of time and resource to training, development of risk assessments, event management planning, and engagement with the appropriate public authorities.

Strategic Plan

A full strategic review of the Trust’s Business Plan was carried out in early 2021 thanks to Cultural Recovery Funding. This concentrated on how the charity can regain stability and resilience by focusing on increasing efficiency in operations, developing a better understanding of our key audiences, increasing our use of data to inform management decisions underpinned by a more robust data model and mapping out key strategic priorities. This work continued throughout 2024-25.

Vision to 2025 will be extended beyond

The vision for the Trust remained:

‘The foundation is sound. From the financials to the families, from the experience to the exploration, Hoghton Tower has strong foundations built on evidence and mortared with monitoring so that good decisions are easier to make.’

Whilst it is clear that the year was challenging with change in our staff team in the wider context of increasing staff costs, insurance and energy costs and less disposable income for visitors and potential clients, the Trustees have clear plans for 2025-26 which are detailed in the next sections.

3

HOGHTON TOWER PRESERVATION TRUST

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 31 MARCH 2025

Financial review

Total incoming resources for the financial year were £114,190 (2024: £91,613), an increase of 24.6% from the prior year of £22,577. This has come mainly from increases in donations and trading activities.

Expenditure on charitable activities for the financial year was £195,009 (2024: £147,891 (restated)), an increase of 31.8% from the prior year of £47,118. This expenditure corresponds to cost increases in salaries, overheads and event costs, but has also been adjusted for the write back of depreciation of heritage assets from prior years.

Net outgoing resources for the period amounted to £80,819 (2024: net outgoing resources of £56,278 (restated)), reflecting a deficit for the year.

Heritage asset accounting

During the year, the Trustees reviewed the accounting treatment of the charity’s Grade II listed building following a governance and financial reporting review. This review concluded that the building meets the definition of a heritage asset under the Charities SORP and should not be depreciated due to its indefinite useful life.

As a result, prior year financial statements have been restated to correct the previous accounting treatment. The restatement increases both the value of heritage assets and the level of restricted funds held, reflecting the fact that these funds remain invested in the heritage asset while it is retained by the charity.

The Trustees believe this correction improves the accuracy and transparency of the charity’s financial reporting and better reflects the stewardship of restricted funds.

As a result, the Statement of Financial Activities shows total funds of £63,607, of which £81,090 are restricted funds (of which £80,000 are held in the form of heritage assets), and unrestricted funds are in deficit of £17,483 at the end of this financial year. However, £99,000 has been invested for the next financial year towards insurance and conditional survey costs, which will boost cashflow and help towards the increasing overheads of maintaining the buildings and grounds.

Risk management

The Trustees examine the organisational risk register at every board meeting in particular those risks relating to the financial position and the ongoing operations. They are satisfied that they consider the mitigations for such risks.

Reserves policy

The Trustees have reviewed the Charity’s need for reserves in line with the guidance issued by the Charity Commission. Taking this into account, the Trustees have established that the target is to hold reserves equal to 3 months’ core expenditure. At the year end, free reserves were in deficit by £17,483 (2024: reserves of surplus £64,416 (restated)).

The Trustees face the challenge of building the 3 months reserves back up. This will be done by:

Review of 2024/25

The Trust continues with its mission to protect this important heritage asset in Lancashire. This was a very difficult year for the Trust with rising costs and dropping income across all income streams.

Hoghton Tower reopened for another open access season in April 2024 to mid-October 2025 although the house and grounds remained open year-round for regular events and private bookings.

4

HOGHTON TOWER PRESERVATION TRUST

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

Visitor Numbers, Events and Income Generation

In 2024/25 the house open season of the house and grounds was between April- October (Thursdays to Sunday).

Press and Publicity

The Trust has continued to develop the Hoghton Tower website and is active on all main social media channels.

This is an area of focus for the new marketing assistant who undertook work on the website’s back links and Google ranking improvement.

Education, learning and volunteer engagement

School visits saw a marginal improvement on the previous year with 738 children visiting. Schools continued to report that coach hire remains a key barrier.

Volunteers: The Trust continues to be grateful for the tireless energy and commitment of a core of dedicated volunteers without whom a lot of the work undertaken would be impossible. We now have about 40 volunteers. The volunteers help to guide visitors round the house and gardens, design events and run them, help with ticketing, welcoming visitors as well as helping in the office. Some notable achievements from our volunteers this year include:

Restoration, Preservation and Grounds Maintenance

Spending on essential restorative works to the house continued within the year with expenditure in the region of £28K. This is in addition to basic repairs and maintenance expenditure to the house and grounds. Some of the highlights of this year include:

5

HOGHTON TOWER PRESERVATION TRUST

TRUSTEES’ ANNUAL REPORT

FOR THE YEAR ENDED 31 MARCH 2025

Looking Forward 2025/26

The priorities for the Trustees for 2025-26 and in line with the objectives of the Strategic Plan are to ensure that:

Specific focus areas are:

…………………………………………. Elena Faraoni

Date: 30/01/2026

6

HOGHTON TOWER PRESERVATION TRUST

INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS

FOR THE YEAR ENDED 31 MARCH 2025

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity Trustees, who are also directors for the purposes of company law, you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

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

Independent examiner's statement

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

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

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

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

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

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Claire Atkinson ACMA CGMA Triple Bottom Line Accounting Limited The Enterprise Centre Norwich NR4 7TJ

Date:30[th] January 2026

7

HOGHTON TOWER PRESERVATION TRUST

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 31 MARCH 2025

Income from:
Donations
2
Charitable activities
3
Other trading activities
4
Investmentincome
Total
Expenditure on:
Raising funds
Charitable activities
Total
5
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
15		 Unrestricted
Restricted
Total
funds
Total
funds
funds
funds
2025
2024R
£
£
£
£
21,784
-
21,784
12,747
57,922
1,200
59,122
52,588
32,834
-
32,834
25,286
450
-
450
992
112,990
1,200
114,190
91,613
46,648
-
46,648
33,976
148,251
110
148,361
113,915
194,899
110
195,009
147,891
(81,909)
1,090
(80,819)
(56,278)
-
-
-
-
(81,909)
1,090
(80,819)
(56,278)
64,426
80,000
144,426
200,704
(17,483)
81,090
63,607
144,426

All of the above amounts relate to continuing activities.

8

HOGHTON TOWER PRESERVATION TRUST

BALANCE SHEET

AS AT 31 MARCH 2025

Total Total
Unrestricted Restricted funds funds
funds funds 2025 2024R
£ £ £ £
Fixed assets
Intangibleasset 8 1,800 - 1,800 3,600
Tangible assets 9 23,771 - 24,861 29,175
Heritage assets 10 92,861 80,000 172,861 172,861
Investments 11 2 - 2 2
119,524 80,000 199,524 205,638
Current assets
Debtors: Amounts falling due within one
year 12 8,173 - 8,173 28,892
Cash at bank and in hand 93,447 1,090 94,537 46,772
101,620 1,090 102,710 75,664
Creditors:amounts falling due within
one year 13 (129,402) - (129,402) (22,556)
Net current assets (26,692) - (26,692) 53,108
Total assets less current liabilities 91,742 81,090 172,832 258,744
Creditors:amounts falling due after
more than one year 14 (109,225) - (109,225) (114,319)
Net assets (17,483) 81,090 63,607 144,426
Funds:
Unrestrictedfunds (17,483) - (17,483) 64,426
Restrictedfunds - 81,090 81,090 80,000
Total funds 15 (17,483) 81,090 63,607 144,426

The financial statements were approved by the trustees on the 30[th] January 2026 and are signed on their behalf by:

…………………………………… Elena Faraoni

9

HOGHTON TOWER PRESERVATION TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations are the restoration and preservation of the tower as a building of historic interest for the benefit and education of the community at large.

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective October 2019) – (Charities SORP (FRS 102)) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional current of the charity and rounded to the nearest £.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective October 2019) – (Charities SORP (FRS 102)) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Hoghton Tower Preservation Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Preparation of the accounts on a going concern basis

The Trustees are required to assess whether the use of going concern is appropriate, ie. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charitable company to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation of issue of the accounts. They have concluded that the charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the charitable company’s ability to continue as a going concern. Thus, they continue to adopt the going concern basis of accounting in preparing the accounts.

Incoming resources

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

.

10

HOGHTON TOWER PRESERVATION TRUST

FOR THE YEAR ENDED 31 MARCH 2025

NOTES TO THE ACCOUNTS

1 Accounting policies (continued)

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Resources expended

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Taxation

The Trust is a registered charity and therefore is not liable for income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

Heritage assets

Heritage assets are tangible assets with historic, artistic, architectural or cultural significance, held to advance the charity’s charitable purposes. The charity capitalises heritage assets where reliable cost information is available. Heritage assets are recognised at cost and are not depreciated, as they are considered to have an indefinite useful life. The assets are reviewed annually for impairment.

Restricted funds representing investment in heritage assets are held at cost for as long as the charity retains ownership of the asset.

Fair values for donated assets are estimated by reference to market prices. Where information on the cost or valuation of heritage assets is not available or the cost of providing such information significantly outweighs any benefit to the users of the accounts then heritage assets are not recognised on the balance sheet.

The Trust owns part of a collection of Dollshouses which is included in the accounts at a value of £32,410. Depreciation is not provided as they are considered as heritage assets. The Dollshouse collection is included in the tour of Hoghton Tower provided during public and private viewing.

A significant restoration of the Grade II listed barn roof has been re-classified as heritage assets. This restoration was grant funded by restricted funds. These restricted funds are held at cost representing the investment in the heritage asset.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures, fittings and equipment - 20% p.a. straight line Leasehold improvements - 2% p.a. straight line

11

HOGHTON TOWER PRESERVATION TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

Investments

Investments in subsidiaries are measured at cost less impairment.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Judgements and key sources of estimation uncertainty

The following judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements:

Valuation of heritage assets

As detailed in accounting policies, the charity values heritage assets donated at fair value with reference to market prices. The valuation of the heritage assets requires judgements to be made regarding the fair value.

There have been no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

2 Prior Period Adjustment

During the year, the trustees identified that a heritage asset had been incorrectly accounted for in prior financial statements. The charity’s Grade II listed building, restored using reclaimed and heritageappropriate materials, meets the definition of a heritage asset under the Charities SORP (FRS 102).

In previous years, the asset was classified as tangible fixed assets and depreciation of £22,474 was charged in respect of the asset. Of this amount, £18,998 was charged to restricted funds representing grant funding received towards the restoration project, with the balance charged to unrestricted funds. Heritage assets with indefinite useful lives should not be depreciated under the SORP, and restricted funds representing investment in heritage assets should be held at cost while the charity retains the asset.

This has been treated as a prior period error in accordance with FRS 102 Section 10, as the information necessary to apply the correct accounting treatment was available at the time the original financial statements were approved. Comparative figures have therefore been restated to reverse the depreciation charged in prior periods and to reclassify the asset as a heritage asset.

12

HOGHTON TOWER PRESERVATION TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

Impact on funds as at 31 March 2024

Funds previously stated
Correction to depreciation charge in current year
Reversal of prior year depreciation
Funds as restated		 Unrestricted
Restricted
Total
funds
funds
2024
£
£
£
59,616
59,527
119,143
1,334
1,475
2,809
3,476
18,998
22,474
64,426
80,000
144,426

3 Income from donations

Sundry donations Unrestricted
funds
Restricted
funds
Total
2024
Total
2023
£
£
£
£
21,784
-
21,784
12,747
21,784
-
21,784
12,747

Income from donations in the current and prior year was all unrestricted.

13

HOGHTON TOWER PRESERVATION TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

4 Incoming resources from charitable activities

Gatemonies
Grantincome
Grants received in year
LCAS Funding
Ecclesiastical		 Unrestricted
Restricted
funds
£
funds
£
57,922
-
-
1,200		 Total
Total
2025
£
2024R
£
57,922
48,588
1,200
4,000
57,922
1,200		 59,122
52,588
Total
Total
2025
2024R
£
£
1,200
-
-
4,000
1,200
4,000

The income from charitable activities was £57,922 of which £57,922 (2024: £48,588) was unrestricted and £Nil (2024 £Nil) was restricted. Grants received in the year were £1,200, of which £Nil (2024: £4,000) were unrestricted and £1,200 (2024: £Nil) were restricted.

Grant income has been re-stated for 2024 as this had been mis-coded in error.

5 Incoming resources from trading activities

ncoming resources from trading activities
Fundraisingevents Unrestricted
Restricted
Total
Total
funds
£
funds
£
2025
£
2024
£
32,834
-
32,834
25,286
32,834
-
32,834
25,286

The income from trading activities was £32,834 (2024: £25,286), all of which was unrestricted.

14

HOGHTON TOWER PRESERVATION TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

6 Analysis of expenditure

Basisof
allocation
Directly allocated to activities
Repairs and maintenance
Direct
Eventcosts
Direct
LCAS Chapel Project
Direct
Support costs
Wages and salaries
Staff time
Rates
Equally
Heat and light
Equally
Marketing, printing and postage
Equally
Insurance
Usage
Bank charges
Equally
Sundries
Equally
Depreciation
Usage
Amortisation
Usage
Legal and professional
Direct
Loan interest
Direct
Accountancy and bookkeeping
costs
Direct		 Raising
Charitable
Total
funds
Total
funds
funds
£
activities
£
2025
£
2024R
£
-
34,191
34,191
26,749
18,959
-
18,959
15,657
-
110
110
-
-
53,835
53,835
51,898
183
92
275
227
15,934
7,967
23,901
14,590
4,091
-
4,091
3,000
2,249
35,233
37,482
32,606
1,094
547
1,641
1,461
2,680
1,339
4,018
3,415
259
4,056
4,314
(16,112)
1,200
600
1,800
1,800
-
47
47
35
-
489
489
565
-
9,856
9,856
11,999
46,648
148,361
195,009
147,891

Total resources expended were £195,009 (2024: £147,891 (restated)), of which £110 (2024 £Nil (restated)) was restricted and £194,899 (2024: £147,891 (restated)) was unrestricted.

Depreciation has been re-stated for the prior year due to the re-classification of Heritage Assets.

15

HOGHTON TOWER PRESERVATION TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

Net (incoming)/outgoing resources
2025 2024R
Net resources are stated after charging/(crediting): £ £
Depreciation of tangible fixed assets 4,314 (16,112)
Amortisation of intangible fixed assets 1,800 1,800
Independent examination fee (exclusive of VAT) 1,800 1,500

Depreciation has been re-stated for the prior year due to the re-classification of Heritage Assets.

8 Analysis of staff costs, Trustee remuneration and expenses and the cost of key management personnel

Wages and salaries
Social security costs		 2025
£
2024
£
53,337
51,418
498
480
53,835
51,898

Analysis of staff costs, trustee remuneration and expenses and the cost of key management personnel

Particulars of employees:

The average number of employees during the year was as follows:

2025 2024
No No
Number of staff 3 1

No employees had employee benefits in excess of £60,000 per annum (2024: £nil).

The charity Trustees were not paid and did not receive any other benefits from employment with the charity in the year (2024: £nil). Travelling and other reimbursed expenses and costs amounting to £Nil (2024: £Nil) were paid to trustees during the year.

The key management personnel of the charity comprises of the board of Trustees. The charity does not have any paid key management personnel.

16

HOGHTON TOWER PRESERVATION TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

9 Intangible fixed assets

ntangible fixed assets
Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
Amortisation
At 1 April 2024
Charge for the year
Eliminated on disposals
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Website
Total
£
£
9,000
9,000
-
-
-
-
9,000
9,000
5,400
5,400
1,800
1,800
-
-
7,200
7,200
1,800
1,800
3,600
3,600

10 Tangible fixed assets

Tangible fixed assets
Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
Eliminated on disposals
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Leasehold
Improvements
£
Fixtures,
Fittings and
Equipment
£
Total
£
14,355
49,088
63,443
-
-
-
-
-
-
14,355
49,088
63,443
1,435
32,833
34,268
287
4,027
4,314
-
-
-
1,722
36,860
38,582
12,633
12,228
24,861
12,920
16,255
29,175

Brought forward fixed assets have been re-stated to remove £140,451 from Leasehold Improvements to be reclassified as Heritage Assets. Similarly, £22,474 has been removed from depreciation brought forward to adjust for the assets which are not depreciated.

Fixtures, fittings and equipment include £8,510 of assets which are not depreciated.

17

HOGHTON TOWER PRESERVATION TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

11 Heritage assets

Valuation
At 1 April 2024
Additions
Revaluation
At 31 March 2025		 Dollshouse
Collection
Roof
Restoration
£
£
32,410
140,451
-
-
-
-
32,410
140,451

The Dollshouse collection was valued in the year ended 31 March 2015 by St George Valuations. Additional dollshouses have been donated to the Charity since this valuation, however a value has not yet been attributed to this donation. Efforts have been made to secure an appropriate valuer but the market is very limited.

The charity owns a Grade II listed building which has been restored using reclaimed materials consistent with heritage status. The building is held for use in furtherance of the charity’s objectives and is not held for investment or resale. The Trustees consider that the building has an indefinite useful life and, accordingly, no depreciation is charged. The asset is reviewed annually for impairment.

Five-year summary of heritage asset transactions

Cost brought forward
Additions
Revaluation
Cost carried forward		 2025
£
2024
£
2023
£
2022
£
2021
£
172,861
172,861
172,861
172,861
172,861
-
-
-
-
-
-
-
-
-
-
172,861
172,861
172,861
172,861
172,861

The roof restoration has been re-classified as heritage assets in the prior year, but the capital work dates back to 2017 so has been reflected as such in the five-year summary.

12 Investments

nvestments
Total Total
2025 2024
£ £
Investment in subsidiary 2 2

The Charity owns 100% of the issued share capital of Hoghton Tower Limited, a company registered in England and Wales. During the year, the company made a deficit of £11,196 (2024: deficit of £13,934) and as at 31 March 2025 had negative capital and reserves of £25,059 (2024: £13,863).

18

HOGHTON TOWER PRESERVATION TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

13 Debtors: Amounts falling due within one year

Debtors: Amounts falling due within one year
Trade debtors
Other debtors
Amount due from subsidiary undertaking
Prepayments and accrued income		 2025
£
2024
£
140
795
2,557
755
-
24,595
5,477
2,747
8,173
28,892

14 Creditors: Amounts falling due within one year

reditors: Amounts falling due within one year
Bank loan
Trade creditors
Other creditors
Amount due to subsidiary undertaking
Other taxes and social security
Accruals and deferred income		 2025
£
2024
£
2,157
2,937
4,054
228
3,958
3,958
10,731
-
-
734
108,501
14,700
129,402
22,557

15 Creditors: Amounts falling due after more than one year

Bank loan
Other creditors		 2025
2024
£
£
16,489
17,624
92,736
96,694
109,225
114,319

The charity received a bounce back loan in 2021. The loan is repayable over an extended period of 10 years following a 6-month capital repayment holiday in 2023/24 and 2024/25. The loan is not secured on the assets of the charity.

19

HOGHTON TOWER PRESERVATION TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

16 Analysis of charitable funds

Current year
Unrestricted funds
General fund
Restricted funds
The Country House Association
- Roof restoration
Garfield Weston Foundation -
Roof restoration
LCAS
Total restricted funds
Total funds
Prior year
Unrestricted funds
General fund
Restricted funds
Windows restoration
The Country House Association
- Roof restoration
Garfield Weston Foundation -
Roof restoration
Total restricted funds
Total funds		 At 1
At 31
April
Incoming Outgoing
March
2024R
resources resources Transfers
2025
£
£
£
£
£
64,426
112,990
(194,899)
- (17,483)
70,000
-
-
-
70,000
10,000
-
-
-
10,000
-
1,200
(110)
-
1,090
80,000
1,200
(110)
-
81,090
144,426
114,190
(195,009)
-
63,607
At 1
At 31
April
Prior Year Incoming Outgoing
March
2023 Adjustment resources resources Transfers
2024R
£
£
£
£
£
£
139,702
3,476
91,613
(170,365)
-
64,426
-
-
-
-
52,729
17,271
-
-
-
70,000
8,273
1,727
-
-
-
10,000
61,002
18,998
-
-
-
80,000
200,704
22,474
91,613
(170,365)
- 144,426

The Country House Association and the Garfield Weston Foundation funds were received for the restoration of the roof. This asset has been restated as a heritage asset and has not been depreciated. These restricted funds are represented by heritage assets and are therefore not available for general purposes. They have been restated to their original cost as a prior year adjustment and will be held at cost for as long as the charity retains ownership of the asset.

20

HOGHTON TOWER PRESERVATION TRUST

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

The Lancashire and Cheshire Antiquarian Society is a grant for a study of the Chapel and bell.

17 Net assets fund

The current year split of assets by fund is included on the balance sheet. The split for the year ended 31 March 2025 is as follows:

Intangible fixed assets
Tangible fixed assets
Heritage assets
Investments
Currentassets
Currentliabilities
Long term liabilities		 Unrestricted
funds
£
Restricted
funds
£
Total
2025
£
1,800
-
1,800
23,771
1,090
24,861
92,861
80,000
172,861
2
-
2
102,710
-
102,710
(129,402)
-
(129,402)
(109,225)
-
(109,225)
(17,483)
81,090
63,607

18 Related party transactions

The Charity leases property at Hoghton Tower from the De Hoghton Settled Estate at a cost of £10 per year. In a separate lease the Charity leases the use of the Great barn and other ancillary outbuildings at Hoghton Tower from the De Hoghton Settled Estate at a cost of one peppercorn per year.

The Charity has granted a license to Hoghton Tower Limited to allow the use of the property for events and holiday lettings. In exchange, the company must pay any residual profits to the Charity by way of a gift aid donation. During the year the Charity received a donation of £nil (2024: £Nil) from Hoghton Tower Limited. There was also an amount of £10,731 due to Hoghton Tower Limited (2024: £24,595 due from Hoghton Tower Limited) at the year end.

At the end of the year, the Charity had amounts due to other related parties of £83,500 (2024: £83,500).

21

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