2023-12-31-accounts

Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

Charity No. 526052

Samlesbury Hall Trust

Statements

For The Year Ended 31 December 2023

Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

CONTENTS

	Page
Charity reference and administrative details	2
	3
Trustees	7
Consolidated statement of financial activities	11
Charity statement of financial activities	12
Consolidated balance sheet	13
Charity balance sheet	14
Consolidated and charity cash flow statements	15
Notes to the accounts	16

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

CHARITY REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023

Registered charity name Samlesbury Hall Trust Charity registration number 526052 Principal office Samlesbury Hall Preston New Road Samlesbury Preston PR5 0UP The Trustees Mr D Isherwood (Chairman) Mr P Clancy Ms J Clough Mr G Cunliffe (resigned 10/7/2023) Mrs L Croston Mr G Turner Mr R Ashton Mrs C Mallord Mr D McCraith Mr J D Karl (appointed 27/09/2023) Mrs J M Adams (appointed 15/05/2024) Chief executive officer and administrator Mrs S Jones Auditor MHA Chartered Accountants & Statutory Auditor 14 Mannin Way Lancaster Lancashire LA1 3SW

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

FOR THE YEAR ENDED 31 DECEMBER 2023

SAMLESBURY HALL TRUST

The trustees have pleasure in presenting their report and the financial statements of the group and charity for the year ended 31 December 2023.

Reference and administrative details

Reference and administrative details are shown on page 2 of these financial statements.

The trustees

The trustees who served the charity during the period were as follows:

Mr D Isherwood (Chairman) Mr P Clancy Ms J Clough Mr G Cunliffe (resigned 10/7/2023) Mrs L Croston Mr G Turner Mr R Ashton Mrs C Mallord Mr D McCraith Mr J D Karl (appointed 27/09/2023) Mrs J M Adams (appointed 15/05/2024)

Structure, governance, and management

Samlesbury Hall Trust is an unincorporated charity, governed by the Declaration of Trust dated 25 March 1926. The Trust was registered with the Charity Commission (registered number 526052) on 19 April 1928. Management of Samlesbury Hall Trust us vested in the trustees of the charity.

Recruitment and appointment of new trustees

New trustees are appointed by the existing trustees as provided in the Trust Deed. Trustees may retire on

Induction and training of new trustees

Existing trustees introduce new trustees to Trust policies and practices at the regular monthly trustee meetings.

Organisational structure

The number of trustees shall not exceed ten and shall not be less than three and any decision of the majority of trustees present shall be binding. The trustees meet 4 6-week basis and the administrator, who is normally in attendance at the meetings, manages the day to day running of the Hall and answers to the trustees in respect of major decisions.

Trading subsidiary and consolidation

The directors and shareholders of Samlesbury Hall Limited are trustees of Samlesbury Hall Trust, a registered charity. They have waived their rights to any dividends or distribution of profits from Samlesbury Hall Limited. The aim of Samlesbury Hall Limited is to operate in the grounds of Samlesbury Hall to generate income for the maintenance and preservation of the buildings and grounds of Samlesbury Hall, a grade one listed building. The results of Samlesbury Hall Limited have been consolidated into the charity accounts.

Related parties

All related party transactions entered into in the year are disclosed in the notes to the accounts. There are no significant relationships with any other charities or organisations, save in respect to its own subsidiary.

Suppliers

The trustees balance the benefits of maintaining strong partnerships with key suppliers alongside the need to obtain value for money for the charity.

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

FOR THE YEAR ENDED 31 DECEMBER 2023

Aims, objectives and activities

The aim of the trust for 2023 was to unsure that the weddings continue to be a source of income, yet to diversify with smaller weddings held in the Garden Room which look to becoming popular.

The objective was to look to 2025 in the hope that the trust may bring in enough revenue to maintain the Hall and gather enough funds to start the roof repairs.

Achievements and performance

As a result of COVID and the financial restraints nationally, future wedding bookings are either lower or less in number for 2023. The Hall has suffered because of the cost-of-living crisis which has hit the hospitality industry particularly. The cost of all produce and staffing have both risen at an alarming rate. A marquee was purchased in readiness for 2025 with the intention of setting up in early 2024 to test the market.

Public benefit

The Charities Act 2011 requires charities to report on the public benefit of their activities. The Trustees have

The Hall is open to the public on Sunday Friday 10am 4pm every week during which it offers a restaurantcoffee lounge, wafflery and breakfasts and beautifully tended grounds. In addition, the Hall has public events such as half term activities, free guided tours, ghost walks, music events and Halloween nights.

Financial review

The group made a deficit during the year amounting to £161,982 (2022: a surplus of £205,576).

The Trust, excluding its subsidiary undertaking, made a deficit on unrestricted funds during the year of £9,674 (2022: £191,345) after accounting for unrealised losses on investments of £3,214 (2022: £8,073), after transfers of £10,701 (2022: £9,453), and after receiving a donation of £202,673 (2022: £nil) from Samlesbury Hall Limited.

Samlesbury Hall Limited, which occupies and trades from the Hall, and which donates all taxable profits to the charity, made a loss during the year of £7,635 (2022: a profit of £406,374), following which donations were made under gift aid of £nil (2022: £202,673, reflected in 2023) to the Trust. Samlesbury Hall Limited has capital and reserves at the year-end of £104,023 (2022: £314,331). These results have been incorporated into the financial statements.

Reserves policy

Samlesbury Hall Trust has in place a reserves policy, which currently serves the following purposes:

• a) To keep on hand a minimum of three to six months operating expenses which could allow us to continue to maintain Samlesbury Hall during that period even in the event of a total loss of income. The trustees estimate this figure to be £232,000.

• b) To accumulate a sufficient reserve for the purpose of repairs and capital expenditure on Samlesbury Hall in order to keep the state of the premises to a sufficiently high standard.

Total free unrestricted reserves held at the year-end amounted to a deficit of £196,130. The trustees define free reserves as total reserves less reserves represented by capital assets owned. This is below the target level of reserves set by the trustees. The trustees aim to operate the business to increase the level of free reserves to achieve their target, however the deficit has increased by £183,307 compared to last year.

In addition, the group held £210,004 of restricted reserves at the year-end.

Further details concerning reserves are given in notes 22 and 23 to the financial statements.

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

FOR THE YEAR ENDED 31 DECEMBER 2023

Financial review (continued)

Principal funding sources Rental income from property Visitor membership Profits from Samlesbury Hall Limited Grant income

Investment policy

The charity has the power to make any investment which the trustees see fit.

Plans for future periods

• To increase the amount of wedding and evening functions in the Garden Room Eatery (pre heritage café).

• To start to apply for funding to assist in the 2025 Samlesbury 700 Celebrations.

• To proceed with the funding offer from Lancashire County Council for the Hall to be heatied with air source heat pumps.

Principal risks and uncertainties

Risk management

The Trustees consider and assess on an on-going basis the major risks to which the Charity may be exposed. All risks identified are set out and monitored using the corporate risk register. Systems are in place to mitigate those risks. Where they are financial it is believed that the reserves policy and financial controls minimise the potential risks. In non-financial matters there are reviews, appraisals and regulatory procedures in place.

Responsibilities of the trustees

Report and the financial statements in

accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity, and of the income and expenditure of the Charity, for that period. In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently.

• observe the methods and principles in the Charities SORP (FRS102);

• make judgements and estimates that are reasonable and prudent.

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply Accounting and Reporting by Charities preparing the accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and UK Generally Accepted Accounting Practice.

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

FOR THE YEAR ENDED 31 DECEMBER 2023

Auditor

Following the merger of MHA Moore & Smalley with MHA, the charity's independent auditor has now become MHA. A resolution to reappoint MHA as independent auditor will be proposed at the next Annual General Meeting.

Each of the persons who is a trustee at the date of approval of this report confirms that:

• unaware; and

• each trustee has taken all steps that they ought to have taken as a trustee to make themselves aware of information.

Approval

September 27, 2024 The

Mr D Isherwood

Chairman of Samlesbury Hall Trust

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

TRUSTEES OF SAMLESBURY HALL TRUST

FOR THE YEAR ENDED 31 DECEMBER 2023

Opinion

We have audited the financial statements of Samlesbury Hall Trust C y (the 31 December 2023 which comprise the consolidated statement of financial activities, charity statement of financial activities, the consolidated balance sheet, the charity balance sheet, the consolidated and charity cash flow statements, and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the g c December 2023, and of the group's incoming resources and application of resources, including its income and expenditure, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable audit of the financial statements section of our report. We are independent of the group and parent Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

TRUSTEES OF SAMLESBURY HALL TRUST (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

• the information given statements; or

• sufficient accounting records have not been kept; or

• the financial statements are not in agreement with the accounting records; or

• we have not received all the information and explanations we require for our audit.

Responsibilities of Trustees

set out on page 5, the Trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

using the going concern basis of accounting unless the Trustees either intend to liquidate the group or the parent Charity or to cease operations, or have no realistic alternative but to do so.

We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements 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 financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

TRUSTEES OF SAMLESBURY HALL TRUST (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

• Enquiries with management, about any known or suspected instances of non-compliance with laws and regulations and fraud;

• Challenging assumptions and judgements made by management in their significant accounting estimates;

• Auditing the risk of management override of controls, including through testing journal entries for appropriateness;

• Auditing the risk of fraud in income by way of cut off testing, testing the deferral of income for bookings spanning the year end as well as transaction testing to obtain evidence that income is complete and recognised in the correct accounting period; and

Reviewing board minutes.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.

• concern basis of accounting and,

• based on the audit evidence obtained, whether a material uncertainty exists related to events or concern. If we conclude that a material uncertainty exists, we are required to draw attention in our inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation (ie. gives a true and fair view).

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

TRUSTEES OF SAMLESBURY HALL TRUST (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

• Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the group as a basis for an opinion on the group financial statements. We are responsible for the direction, supervision and review of the audit work performed for the purposes of the group audit. We remain solely responsible for our audit opinion.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the formed.

MHA

Chartered Accountants and Statutory Auditor

14 Mannin Way Lancaster Business Park Lancaster Lancashire LA1 3SW

September 27, 2024

MHA is the trading name of MacIntyre Hudson LLP, a limited liability partnership in England and Wales (registered number OC312313)

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2023

All income and expenditure derive from continuing activities.

All gains and losses recognised in each period are included above.

The notes on pages 16 to 38 form part of these financial statements.

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

CHARITY STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2023

All income and expenditure derive from continuing activities.

All gains and losses recognised in each period are included above.

The notes on pages 16 to 38 form part of these financial statements.

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

CONSOLIDATED BALANCE SHEET

AS AT 31 DECEMBER 2023

Fixed assets Tangible assets 13 Heritage assets 14 Investments 15 Current assets Stock Debtors 16 Cash at bank and in hand Creditors:amounts falling due within one year 17 Net current assets Total assets less current liabilities Creditors:amounts falling due after more than one year 18 Net assets Funds: Restricted funds 21 Unrestricted funds 22 Total funds	£ £ £ £ 850,109 828,784 847,369 847,369 133,619 141,833 1,831,097 1,817,986 18,649 22,904 50,014 51,746 186,194 358,079 254,857 432,729 (480,206) (443,385) (225,349) (10,656) 1,605,748 1,807,330 (104,400) (144,000) 1,501,348 1,663,330 210,004 152,005 1,291,344 1,511,325 1,501,348 1,663,330 2023 2022	£ £ £ £ 850,109 828,784 847,369 847,369 133,619 141,833 1,831,097 1,817,986 18,649 22,904 50,014 51,746 186,194 358,079 254,857 432,729 (480,206) (443,385) (225,349) (10,656) 1,605,748 1,807,330 (104,400) (144,000) 1,501,348 1,663,330 210,004 152,005 1,291,344 1,511,325 1,501,348 1,663,330 2023 2022
	18,649 50,014 186,194
	254,857 (480,206)
		1,807,330 (144,000)
		1,663,330
		152,005 1,511,325
		1,663,330

These accounts were approved by the Trustees and authorised for issue on the September 27, 2024 and are signed on their behalf by:

Mr D Isherwood Chairman

The notes on pages 16 to 38 form part of these financial statements

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

CHARITY BALANCE SHEET

AS AT 31 DECEMBER 2023

These accounts were approved by the Trustees and authorised for issue on the signed on their behalf by:

Mr D Isherwood Chairman

September 27, 2024 and are

The notes on pages 16 to 38 form part of these financial statements

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

CONSOLIDATED AND CHARITY CASH FLOW STATEMENTS

FOR THE YEAR END 31 DECEMBER 2023

Cash generated in operating activities Cashflows from investing activities	Group Group Charity Charity 2023 2022 2023 2022 £ £ £ £ (97,572) (65,437) 61,740 (49,501)
Investment income	3,126 7,570 2,514 7,297
Purchase of tangible fixed assets (including investments) (82,439) (27,000) (68,700) - Disposal of cash investments 5,000 - 5,000 - Cash provided by/(used in) investing activities (171,885) (84,867) 554 (42,204) Increase/(Decrease) in cash and cash equivalents in the year (171,885) (84,867) 554 (42,204) Cash and cash equivalents brought forward 358,079 442,946 100,061 142,265 Cash and cash equivalents carried forward 186,194 358,079 100,615 100,061 Reconciliation of net movement in funds to net cashflow from operating activities Net movement in funds (158,768) 213,649 51,539 (192,725) Investment income received (3,126) (7,570) (2,514) (7,297) Depreciation and amortisation 61,114 73,360 13,139 25,198 (Increase)/Decrease in stock 4,255 (10,828) - - (Increase)/Decrease in debtors 1,732 (15,048) (2,565) 124,153 Increase/(Decrease) in creditors 66,289 14,472 2,141 1,170 Increase/(Decrease) in deferred income (69,068) (333,472) - -	(82,439) (27,000) (68,700) - 5,000 - 5,000 -
	(171,885) (84,867) 554 (42,204)
	(171,885) (84,867) 554 (42,204) 358,079 442,946 100,061 142,265
	186,194 358,079 100,615 100,061
Net cash generated in operating activities	(97,572) (65,437) 61,740 (49,501)
Components of cash and cash equivalents Cash at bank and in hand
	186,194 358,079 100,615 100,061
	186,194 358,079 100,615 100,061

The notes on pages 16 to 38 form part of these financial statements.

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SAMLESBURY HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

Basis of accounting

Samlesbury Hall Trust is a charity registered in the United Kingdom. The address of the charity, the nature statements.

The charity constitutes a public benefit entity as defined by FRS102. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice.

The financial statements have been prepared on a going concern basis under the historical cost convention as modified to include investments at market value. The financial statements are prepared in sterling which is the functional currency of the Charity.

view. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Basis of consolidation

The consolidated accounts of the group incorporate the accounts of Samlesbury Hall Trust and its wholly owned subsidiary undertaking, Samlesbury Hall Limited. The results of the subsidiary are consolidated on a line-by-line basis.

Preparation of the accounts on a going concern basis

The Trustees believe there is sufficient working capital for at least 12 months from approval and that there is no material uncertainty at this time. The Trustees continue to adopt this basis of accounting in preparing the financial statements.

Income

All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Deferred income includes amounts received in advance by the subsidiary undertaking in respect of events taking place in subsequent periods.

Donations on a cash basis. Legacies are regarded as receivable once there is sufficient evidence regarding the certainty of the receipt and there is a sufficiently reliable measurement of the amount in accordance with the recognition criteria of the SORP. Grants for use in specific projects are included in the SOFA on a receivable basis, including grants for fixed assets.

Income from commercial trading activities is recognised at the fair value of consideration received or receivable in the normal course of business, and is shown net of VAT.

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SAMLESBURY HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies (continued)

Income (continued)

Investment income is included in the SOFA in the period in which it is receivable.

No credit is taken for gifts in kind until they are realised or utilised in the Trusts business.

Grant income

Grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met, and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Expenditure

All expenditure is accounted for on an accruals basis in the expense categories required by the SORP. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably.

Costs of charitable activities comprise those costs incurred by the charity where the primary aim is the delivery of activities and services within the objects of the charity. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Costs of raising funds comprise the costs relating to activities where the primary aim is to generate funds.

Support costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource and are apportioned on an appropriate basis e.g., staff time or estimated usage as set out in note 8.

Fixed assets

All fixed assets are initially recorded at cost. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their residual value, over their expected useful lives on the following bases:

Equipment	-	10% & 20% straight line, 15 & 25% reducing balance
Computer equipment	-	33% straight line
Hamlets	-	5% straight line
Motor vehicles	-	25% straight line

Site improvements are not depreciated.

Heritage assets

Heritage assets are capitalised and included on the balance sheet at cost. Heritage assets are recognised when they have historical, artistic, scientific, technological, or environmental qualities and are held and maintained principally for their contribution to knowledge and culture. Heritage assets are believed to have a residual value exceeding cost and are not depreciated. They are reviewed annually for impairment.

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SAMLESBURY HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

• 1 Accounting policies (continued)

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Investments are subsequently stated at fair value if the shares are publicly traded, or their fair value can otherwise be measured reliably. The SOFA included the net gains and losses arising on revaluations and disposals throughout the year.

Stocks

Stock is valued at the lower of cost and estimates selling price less costs to complete and sell.

Cash and cash equivalents

Cash balances represent cash in hand and deposits held at banks and building societies.

Debtors and creditors within one year

Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Fund accounting

Unrestricted funds

General funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.

Designated funds

Designated funds are unrestricted funds set aside by the Trustees to cover future potential or actual monetary commitments. The fund balances are reviewed annually by the trustees.

Restricted funds

Restricted funds arise where there is a donor-imposed restriction on the use of the funds, or the funds have arisen in response to an appeal for a specified purpose.

Operating lease agreements

Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged against profits on a straight-line basis over the period of the lease.

Pensions

The group operates a defined contribution pension scheme for employees of the group. The assets of the scheme are held separately from those of the group. The annual contributions payable are charged to the statement of financial activities when they fall due.

Redundancy costs

Redundancy costs are expensed when the liability for payment of such costs is incurred.

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

• 1 Accounting policies (continued)

Taxation

HM Revenue & Customs considers Samlesbury Hall Trust to be a charity and therefore they are entitled to exemption from tax afforded by Sections 478-489 of the Corporation Taxes Act 2010 to the extent that income is applied exclusively for charitable purposes.

Financial instruments

all its financial instruments.

contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Trade debtors and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the impairment loss is recognised in the statement of comprehensive income.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in the statement of comprehensive income.

De-recognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies (continued)

Classification of financial liabilities

Financial liabilities are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

De-recognition of financial liabilities

or cancelled.

2 Judgements and key sources of estimation uncertainty

trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key assumptions, judgements, and estimates

There have been no key assumptions concerning 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.

Depreciation of tangible fixed assets

The annual depreciation charge for tangible fixed assets is sensitive to changes in the estimated useful lives of the assets. These are assessed annually. They are amended when necessary to reflect changes in the condition of the assets and future economic utilisation. Current depreciation rates of the classes of tangible fixed assets are detailed in the accounting policies and the current carrying amount of each class of tangible fixed assets is detailed in note 13.

The Trustees have not identified any further key judgements in these financial statements.

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

3 Income from donations and legacies

All profits of Samlesbury Hall Limited as computed for corporation tax purposes are donated to Samlesbury Hall Trust, which for the year ended 31 December 2023 was £202,673 (2022: £nil). Further details of the commercial trading operation are included in note 12.

During the previous year, all income from donations and legacies in the prior year was unrestricted for both charity and group

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

4 Income from charitable activities

All income from charitable activities in the comparative period was unrestricted.

5 Income from other trading activities

All income from other trading activities in the comparative period was unrestricted.

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

6 Income from investments

All income from investments in the comparative period was unrestricted.

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

7 Expenditure on charitable activities

All expenditure on charitable activities in the prior year was unrestricted for both charity and group.

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

8 Support costs

9 Expenditure on raising funds

All expenditure on raising funds in the current and comparative period was in the trading company and was unrestricted.

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

10 Net income for the year

11 Staff costs and emoluments

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

11 Staff costs and emoluments (continued)

Particulars of employees:

The average head count number of staff employed by the group during the year was as follows:

The number of employees, whose remuneration for the year fell within the following bands, were:

The key management personnel of the group comprise the Trustees and the Chief Executive Officer. The total benefits of the key management personnel in the year amounted to £135,258 (2022: £129,676).

The group operates a defined contribution pension scheme. The contributions paid into the scheme in respect of the eligible employees for the year ended 31 December 2023 amounted to £8,966 (2022: £7,831).

No trustees received any remuneration from the Charity during the year. Direct incurred expenses are reimbursed when claimed. No expenses were reimbursed to any trustees in either the current or the previous year.

Volunteers are used in many areas to help achieve the charitable objectives. Volunteers are used in the Gift Shop to help process sales and payments and for wrapping purchases. Volunteers on the door help to record admittance and provide information to visitors about the Hall. Volunteers also help in the grounds.

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

12 Commercial trading operation

Samlesbury Hall Limited is a company limited by guarantee and incorporated in the United Kingdom (Company registration number: 01486341) and only Trustees of the Charity are eligible to become members of the limited company. Resigned trustees are subsequently removed as directors and members of the limited company. The limited company is a subsidiary undertaking on the basis that it is effectively controlled by Samlesbury Hall Trust.

The principal activity of the company is hire of the hall for weddings and private functions and generates income from the bar, restaurant, gift shop and wafflery. The aim of the company is to generate profits and to support the preservation of Samlesbury Hall by donating all but a small proportion of its profits to the charity. A summary of its trading results is shown below:

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

13 Tangible fixed assets

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

14 Heritage assets

The Trustees recognise Samlesbury Hall as a heritage asset as it is principally held and maintained for its contribution to enhancing local culture and historical knowledge. Further details of the Hall, the preservation of the sure and the access by the public to the Hall are given in the Trustees report.

No external valuations of the property or contents have been conducted during the year. The Trustees believe that the underlying net realisable value of the heritage assets are in excess of their book value. The property and contents have been insured for in excess of £12,000,000.

There have been no disposals of heritage assets over the previous 5 years and no impairment has been recognised.

Additions in the previous 5 years are as follows:

2022: £nil

2021: £5,002

2020: £nil

2019: £58,812

2018: £17,462

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

15 Investments

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

16 Debtors

17 Creditors: amounts falling due within one year

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

18	Creditors: amounts falling due after one year	Creditors: amounts falling due after one year
19	Deferred income
	Deferred income comprises wedding and hall hire deposits, wedding, accommodation, and			event
	income received in advance and rent in advance.
20	Commitments under operating leases

There are no operating lease commitments within the Charity.

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

21 Restricted income funds

Current year

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

21 Restricted income funds (continued)

Prior year

Access at Samlesbury Hall: funds received from SITA Trust Limited for more access at Samlesbury Hall.

Renaissance project: funds received from Biffaward (managed by the Royal Society of Wildlife Trusts) for the project to renovate some disused building space to develop a new exhibition / timeline area with living history classroom and kitchen area.

Resource centre and access project: funds received from Defra for the improvement of access to the Hall by upgrading a building, repairing a road surface, and providing extra accommodation.

LEF Grant Bee Centre: funds received from Lancashire Environmental Fund for the Bee Centre on the grounds

Mayflower play area: funds received from Biffa Awards for the Mayflower Play Area.

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

21 Restricted income funds (continued)

Duchy of Lancaster Benevolent Fund: funds received from Duchy of Lancaster to help towards a new outdoor Health and Wellbeing Project.

Biffa Award Fund: funds received from Biffa Award to improve interpretation for enhanced visitor experience.

22 Unrestricted income funds

Current year

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

22 Unrestricted income funds (continued)

Prior year

• 23 Analysis of net assets between funds

Current year

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Docusign Envelope ID: A4F45782-E1AD-4DB7-B5D1-87A5EC21FDB9

SAMLESBURY HALL TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

23 Analysis of net assets between funds (continued)

Prior year

24 Control and related parties

The charity was under the control of the Board of Trustees.

No employee benefits were paid to any of the Trustees during the current or period year and none of the Trustees received any expenses from the charity during the same periods.

There are no further disclosable related party transactions for the charity.

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