Docusi9n Envew ID.. E3919O8&4444S842CE98C9E49B664 Company registration number: 02454467 Charity Tegislration number: 900315 Woodchester Mansion Trust Limited (A company limited by guarantee) Annual Report and Consolidated Unaudited Financial Statements For the Year ended 31 December 2024 AE5N3ZND 2810612025 COMPANIES HOUSE A20
xusign Envelope IO". E39le6-FBAl44s8-A2eE98C9E49B664 Woodchester Matssion Trnst Limited For the y¢ar ended 31 December 2024 Cont¢nts Administrative Information Trustees. Report Statement gf Tru3¢ees' Responsibilitits 10 Independent Examin¢r'$ Report Stst¢thent of Fioanei#l A¢¢ivities 12 Baltt¢¢ Sheet 13 Notes to the FiTran¢i•l Sts¢¢meuts 1*25
thxutyJn Envelop• ID.. E39190e6.F8A4445&A2CE498C9E498664 Woodchesttr Mgnsion Trn$t Limited For the year ended 31 December 2024 ADMINISTRATIVE INFORMATION Charity Numb¢r 900315 Company Registration NuMr 02454467 Registered & Administrative OtTice Woodchester Mansion W(K)d¢h¢sr Park Nympsfield Gloucesrshir¢ GLIO 3TS Company Secre Rc4J Marlow Trustees David Butcher (retired 29 January 2024) Paddy Conaghan Dr Liz Davenwjrt John Goom David Granger liod Marlow Councillor Steve Robinson Roger Townsend Rhiannon Wigzell Indcpendenl examiners Hazlewoods LLP StartOn Court Staverton Chel*nham GL51 OUX Bankers Lloyd5 Bank PIC Business Banking P OBOX 1000 BXI ILT Woodchester Mansion Trust Limiied ('the Charity, or 'the Company.) is incofratrd in England and Wales.
Doc¥Jsigfi Ertvelope ID: E3919088-F8A4445U2CE498C9E498664 Wood¢h¢ster Mansion TTV$t Limited For the year ended 31 December 2024 TRUSTE£S' REPORT Structure. Governance and Management Governin8 do¢ument Th¢ Company is ntrOlled by its go¥ernin8 documenl its Memorandum and Article5 of Associion dated 20 tkc¢mber 1989 (&s subsquenily amended), and is a MpanY limitcd by guarantee. defined by the CompanTes Act 2006. It is also r¢8lStered with the Charity Commission as a charity. Purpose ind Aims Tr aims as set out in the Ly)ntsIr in the C(xnpw's Memornnthim of Asyxialion are: 'T0pServe for the trthefit )p]eOf Gloucestsrthirt forthe n&ion St large WoodchesterPthM8nsion d also whaver of the English historiol architectural a)d nstitutIonal LIage may ¢xist in the COW of Glowtstershite in the fonn of buildings (including any building as define41 in section 290(1) of the Town and CW Plwiing Act 1971) of parD¢u]ar Ity or hi#(iol ar¢hi¢¢dural or 0)nstitional inte1. To wimote and encourage tk ¢du¢ation aTrJ trainu)g of stonemag)n& archit. and otheTS cOnr1 with buildin8. in the use of Cotswold sone and ottr tradiiionai )LIdIng ski115 and to aNI FKmiit the Wcxkh¢st¢r Park Mansion to be ud arml enjoyoj as a (tntre for swh pwFoses' To preserve and conserve the naura] environment in JKI arouTrl wo1 Park MarsK)n by FYesttvi and cortserving the ba¢colonies ]ch inhabit WwdchthrPark MarLsion atmjthe oftasurrounding wIr Park Mansion for which the Trust is restx)nsibk (thich fornis part of a Site of la1 Sctentific lrterest uThJer site refe1en 15 WYD) for the inefrt of the said batcOlon and To pff)mote the und¢r5&nding of the bats (inc1ling of their relationship& lifestyle and vulrtrability the ¢nvironm¢nt) by encouraging th¢ continwl study of, 8nd resegrth In ihe said colonies foT the knefir of th¢ aeathmic uimmunity (inCI]ng wiiversitie4 ScIb)IS colleges). ond the public generally." With¢sr Mansion (the MlOn.) is owrd try Strwi District Q)urtciI {SDQ aDJ leased to Company for nitynine year4 terniinating in June 2089. at a Tryninal M ofone strling annum. Siatement of Public Benefit trusiees are aware of the publi¢ benefit provisions of the Charities Act 2011 and of the guidance on them published by the Charity Commission. They are satisfied that th¢ objects and aciivilies of th¢ Charity are within ihe d¢finitions of ¢haritable PUryKtrses as sd down in thc A¢¢. The trustees are noi aware of any public detrim¢nt caused by the Charity's objects or &tivities. or of anyone receiving any private knefit from lh¢ Charity's activities. M¥th*gtment The Mansion is managed by the Charity. Th¢ff We eight active trust¢¢s thmUgUI year. David Butcher officiatly retired in jUary 2024. I1 tk w part after DeCeMr 2023. when he anunced his decision to leave. All the trceS keep in ck)se touth with Mansion affairs and attend monthly meetings regularly. Individual trnmees tsk¢ th¢ lead on differeni a$ts. but all are fully involved and ¢ognisant of what is hapF¢nin8. W¢ are keen to apInt at least one new truste¢. and we hope io do so during 2025. Our only fvll-time ¢mploy¢¢. lh¢ OF¢rations' Mana8¢r, lives * ihe Mansion. Unfortunately. the Mansion's remote location makes it vulnerable to allempts to break in so his presence is a deterrent and a safeguard. We also have a part tim¢ Admintstrator. a freelan¢¢ Accountant 1A)kkeePer, and another freelancer who does our social media for a couple of hours per week
ryJ¢wn En¥eh)pe ID.. E3919086.F8A4445B-A2CE498C9E498664 Woodchester Mansion Trust Limit¢d For the year ended 31 December 2024 TRUSTEES. REPORT (¢ootiJw¢d) The open day& when we make mosl of the money to cover OUT running costs. would M)t be N)ssible wiihout our wonderful volunleers. They know the Mansion in detsil from its hiMory and archit¢Cru lo Ihe practicalities of how evewhing works. They attend training courses. keep up io date with health and safety. deal with the multifarious demands of the public. trouble shoot when the unexed happens, and are generally Capable of deIng with whatever tT2nspires. Thank you io all of them. Summary of2024 11 11 11 11 West Ron9e of the Mansion. newfront dIr. The Charity has ihree broad aims: io conserve ¢h¢ Mansion, to encourage training in OneMas0nry and other traditional crafts. to Iwk after the rare and endangered Horseshoe bats. As part of mainiaining an equilibrium betsveen thes¢ aims. th¢ trustees mSt balance ihe need for essential main¢enan¢¢. with the need for improvements. and the demands of ih¢ ¢onservatkon imperative. In consequence. there are many competing claims for the Charity's limit¢d fvnds, and on the trustees, time and energies. Funding is tight, and the Charity Telies heavily on the supp)rt provided by ts Trustees and other Volunteer5. For many y¢ors the cost of full corLServation of the Mansion was estimaied at £5million. We exFKct this to hav¢ ris¢n cause of the impact of inllation in the building indusiry and we are looking to update the estimate. We cannot fund conservation from our Sm] operating surpluses, so depend on grants. Once conserved ihe Mansion should FK able to pay for iiself. including fufurc maln1¢naft, and Should last for as long into the futur¢ as it was looked afr. During 2023 we rett1V advice from the National Lottery Heritsge Fund (NLHF) that w¢ should work more ¢los¢ly with the National Trust . who own the land surrounding the MansiotL and o)nsider ways to improve the Mansion's financial resili¢n¢e. Following that advice. we put together * Project Enquiry Fom) with the support of both the NT and SDC. Th¢ outrome wa8 an invitation to apply for a Resilience Grani from the NHLF as a next step. Since the all three organisaiions hav¢ b¢¢n involved in preparing for that appli¢aiion. which we will make in 2025. It is. howtver, a ¢omEwiiive pro¢¢s& $0 the result is uncertain. SDC, part of their support as owner5. also mad¢ a grani of £12,000 towards our wre costs for which we Ihank boih Councillors and Officers: Ihe grant help5 US to meet our anftual running costs and is much appreciated.
DO$1 Enveknpe10.' £3919086-F8AWSM2CE498C9E498664 Woodchester Mansion TTU$t Limited For the year ended 31 December 2024 TRUSTEES. REPORT (tonthfiued) The entrantt and entrance hall were greatly improved in tim¢ for the start of the 2024 open season, with the installation of an extemal Tamp, a n¢w main door. levelling of the hall floor. and n¢w purpose made shop rittinBS. Wc hope the improvements will tojst revenue from the slM)p. The new ramp and boarding over th¢ uneven stone floor have made access easier for all visitors. and especially for those who are disabled. Ow thanks to th¢ Charles Skey Charitable Tru for agrani of£215(Kl which covered most of th¢ 5t Thankyou also to the Benefact Group for a raffle FKize of £l.000 which al contributed. The balance w&5 fvnded by the Charity. 7he ftew shopfitting4 monned by voluntee The nwional economic outlook conlind to difficulL and it was noticeable visiiors were Spnding less freely than they wsed io. but we still did a bit better than hold our own. On day ii¢kei saie5 were alM)ut 5% higher than in 2023. This was helFd by our decision to incre8s¢ ticket price& and to start charging for ¢hildren. W¢ look * the pri¢¢s charged ai Wher b¢n¢hmark venues and try ro keep within a comparable ratio. Numbers on op¢n days were slighily down. bul up 15% for priva lou. sione ¢arYing, photoshoots. bat experi¢rtces. school visits and paranormal ni8his. Overall, it was a satisfactory year. covering the winter cosls, routine m8intenancfy and xt up costs for 2025. We received an unexpected legacy from Mrs Kate Workmw widow of our Stsunch supporter and fomier Trustee Mr John Workman. In line with (Njr pvlicy on'windfatls,. we have added the money to our reserves. We &e a]y$ very gTateful for such suprn) Oiher Developments Our w¢bsiie was uptsed and improved. Progress was alw made to ensure that li will b¢ N)ssible to book ti¢k¢ts from th¢ w¢bsit¢. aJ)d io improve ourdata bas¢. Our Administrator searched the optimum system. to mak¢ sure we opted for a system Compatible with our n¢eds. and we have signed up with Digitickets. This also furthers recommendations from tt* Steps to Sustainability menroring we received about MeMrshIP ond Marketing in 2023 from Caroline Gould and earlier from Finella D¢vitt's Business Report in 2021. The Experience evenings were develod and prov¢d so w)pular that there is a waiting list of peopk wanting to book for 2025.
Ows19) En¥ebpt10.' E3919088-FBA4445B-A2CE498cgE498664 Woodchester Mansion Trust Limited For the year ended 31 De¢embtr 2024 TRUSTEES. REPORT (tontinwed) We were delighted ¢0 be awarded a Cotswold Slow Travel Award in the Herit4ge AttralonxpeTlen¢e ce80ry. We were in good MpanY with competillo inter ali4 from Sudeley C&stle. Kelmscon Manor and Stanway House. OdChestor Cotswold5 Cotswold Slow TrovelAword Catering The new caterers Stard the 2024 season well, their perforrnan¢e itcame in¢r¢asin8ly unreliable. As charity trustees, we had a duty to act in ihe be inierests of ihe Trusi and we therefore terminated the agrttment at the end olthe season" we hope nclUde iem)s wilh a new coAir¥tor soon. Ptronage His Majesty the Kin& as part of the reviewof the nage$ IK held &s HRH The PrIfi of Wale4 and those held by the late Queen. decided io relinquish the Wo(xlchester Mansion TrusL The decision was disappointin& but not unexpecteQ and we remain grefvI for th¢ tw¢nty-one years of Royal support that were given lo the Mansion. We have started ihe s¢ar¢h for a new Patron. Aehievementj and Perfonnn¢es The New Year's Day openÈng generaied over £l,(KKI whith was an excellent Start to 2024. The open season proper began on G(Id Friday, th¢ 2h March. This year Iwo volunteers Created an Easter rhyming huni around the Mansion for children, with chocolate eggs at the end. li was a bit of with a serious purpose to encourage youngstrs io look around ¢ar¢fully. Trre are lots of Mansion features that aPFta] io children, not least the many thpi¢tions of animals lh are eoily missed. The Gloucestershire Sknpunks rerned for the second year, w the beginning of May with their amazing costum¢s, wacky garnes, and traditional entertainmeni in¢luding maypole and morris dancing. Inside the Mansion were markel stalls selling Steampunk accessories and other craft items. Thank you to Mat Mccall and his am for all ihey did before and durin8 lh¢ ¢v¢ni to make it a 5ucce5s. One of the eharaeierisiics of the Steampunks is that ihey have a deep and detail¢d knowl¢d8¢ of their wiod underpinning their enthusiasm. Our caterers ran an outside BBQ. &$ well as usual café offering to keep up with the demand. The Steampunks have their own following. so Can be ¢redi*d wilh bringing anew and appreciative audience to the Mansion. The sne F¢stivaL organised by Stonem&n5 followed in June, mainly over the weekend of lh¢ 8th and 9th. We agrted io host their Mooi and Festival at the malon reflecting our charitable atm to encourage traditional crdft4 especia]ly stonemasonry. and ro allow the Mansion to be us¢d for such purp05e5. Disappointingly. much of what heralded in the draft programme did not materialis¢. so there was not enough happening io engage people for long, and some of what the was had rot ken exFeCted. In general, the Stonemasons were ple&sed with the interes¢ gener&ed and contscts mad< and regarded ihe exampl¢ of Irish drystone wallin& and the ternporary round IlSe. basedon a neolithic Strucnw< as useful teaching aids.
ch$19n Enveknpe ID.. E3919086.F8A44458A2CE498C•E49B664 Woodchester Mansion Trust Limited For the year ended 31 De¢ember 2024 TRUSTEES. REPORT Itoitiiied) r- I..:. Ll The Stone Festival.. exornple dry stone woll 0ndvisito trying out5tone coNlng A wami evening in Augusi encouraged a record audience sitting outside ihe ms1on io enjoy the Festival Players. production ofA Midsummer Nights. Dream. In S¢pi¢mtKr w¢ took part in th¢ annual Heritage Open Day by otTering free access to the Mansion for one day only. which w&s w¢ll att¢nd¢d. In the same month the Mansion's excellent acoustics were used to g(x)d eff¢ci by two Gloucesier Community choirs. Visitor5 enjoyed the singing which Id be Iwd all over the house. Early October brought the Brewtry Weeken th¢ only lim¢ visitors have an OPFX)rtunity to see the unfinished brewery and the servants. quarters in th¢ north rang¢. The area is usually oui of Eounds Eecause of the risk of disturbing the breeding bai lonI¢s. This year the Mansion Café offered beer tastings to complement the theme. The C1 of the s¢ason wne with ten days of Hallo%sEen Spooky Cellars and Golden Pumpkin trail. It was very successful in t¢ms of numlxrs. enjoyment and profithbility. Publicity and Prus Coverage The We three editions of the Mansion Joumal. distributed to supwrters and including UFrfJates 4iKbui the Mansion. and longer articles atyt the M8nsion's hIOry amd architecture, and reled ir¢ms of intere. Liz Davenport gave 18 tslks about the Mansion, to inierested groups within a thiTty-mile radius. We were menlToned in a Guardian featur¢ about wh io th) over hr term in October. Our Operions' Manager went on Radio Gloucester And Radio Bri$1. The Mansion w85 included in the Slow Travel Guide to ihe Cotswolds by Caroline Mill8 lAiShed by Bradt. Cons¢rv•tiokn and Mainttnanet Th¢ main piece of conservation achieved during the year was the new entrance, irluding a new dr. as (k5cribed above. A scaffolding lower w&% purchased and used, for exampl< for Clearing gutters which is a regular piece of maintenance to prevent water damagc. It should pay for itself cauSe il will not be nece55ary to hire scaffolding nearly as often. Vi51tor5 enjoylng the Holloween Spooky Cellars
Docusign ID". E39190e8.FBA44458.A2CE-698C9E49B664 Woodchester Mgnsion Trnst Limited For the year ended 31 De¢emb¢r 2024 TRUSTEES, REPORT (eontioued) We allocate £27.(MM) per annum to maintenance. This rrtys for repairs to the l)uildin& such Ls slipped or brok¢n rrjof slates &5 they occur. and routine maintenance such as ckaring th¢ gutters. We follow a five- ar rolling maintenance Schedule. in which some years are mor¢ expensive ihan oth¢rs, so th¢ res¢rve grows in the less expensive y¢ars kn fund the costlier OrS. Much of the maintenance buTden would ease with full Conservlon. For exampk. the aros that have been conservell such &$ ihe ironing roof. axe no longer ihe regular drain on money that they used to b¢. We applied to ihe World Monuments Fund for inclusion on their Wch List 2025. a biannual list of endangered historic sites. We passed ihe first sith'ng aftd were visiied in May. bui did not progress further. In faci. only one project from the UK was clklsen. The ¢omp¢tition came from five continents and the MrK)n. The Mon5ion silhouettedbv the ouroro boreolis IW Mov 2024 TTwining The Bath College slonemasot)ry students completed the external Cheese R)M door surround. They also repaired the E&siem Buttress, and started work on unblocking and repairing ihe east window in th¢ Chee Room itself. The students practise what tky have learnt college. under supervision. and the Mansion Ixnefits from their ¢ons¢rYation work. Other students from Bath Coll¢8¢, have SCIal Educational Need& helped out Operations. Manager with fencing, flooring. kitchen wall panels, and wnstructing café furniture. We were delighted ihgt they found the work exFerien¢e worthwhil¢ and enjoyable. We would like to continue to develop this type of activity &$ part of our community outreach prngramme. The Ston¢masons' Guild left the Mansion after six years. The lastappreniice complded his training. and Master Mason had pr¢viously decided not to Start afresh with a new cohort. It has been appropriate io have stonemason5 practising their crafl at the mansio and the sound of One bcirlg chiselled added atmosphere. The Stonem&softs' departure will. how¢v¢r. enabk us io regain four are of uleable space onte they have t¢en cleared, which is takin8 longer than expcted The public stone day4 which ran throughoul t year. will Contin with another qualified instnKtOT.
IsIgn Envelope ID.. E3919086-FBA4445WCE498c9E498664 Wood¢hester Mansion Trust Limited For the year ¢Dded 31 D¢¢¢mber 2024 TRUSTEES. REPORT Itotstinued) Bals 2024 has been an atypi¢aI year for the Greater Horseshoe bats. They did well ov¢r the winter. bjt cold and rainy nights in late May and elY June led to a lack of insects. $0 the bats becam¢ hungry and stressed. When the mothers e noi well fed. the young tend to b¢ bom ler, and fiThJ it harder survive because they have le5S tirne to complete their gr0h and stor¢ f before the wnter. In most years the spread or birth dates for the pups is about 28 days. In 2024 there was a wide distribution extending over 37 days wilh an Average at 3ffth June. Fortunately. there w&s ample f¢y)d in lak summer. 50 those bat pups survived were in a good c¥)ndiiion to face the wintr Friod. The bats bertefitted from a fiv¢-year grant of £3.332 per annum to heat the maternity rSts and hikrnaculum. whi¢h ntribUS signifi¢antJy to their Welfa and to pay an expert for advic¢ and moniioring. In Colla1¢10n wilh Roger Ransome. and following the ¢xiension to the company's aims and objects in 2020 to supwrt our Greater Horseshoe and other bat colonies. we have been l¢)oking for a way fund Roger's continuing research of the Mansion's ba which h&5 cOntind for over sixty years. We hope to have something sitIve to rep)rt Risk Management Financial rkS w¢ ¢onsidered at meding of ihe Financ¢ Committe¢. The remii of the H¢alth and Safety Committee is to monitor and advise on thos¢ type5 of risks. The Fabric Committee focuses on risks relating to th¢ building. All three r¢p)rt Trusttts. A chk11S1 is MPled by the Dury Mana8¢r every on day, iyfore ihe public arrives. The reorganisation of local government is a new risk factor because the Mansion is owned by Stroud Disiria Council. whi¢h also provides some financial supp)rt. The changes will involve new ownership of Ihe MaJJsion because it is envisaged that SDC will merge with other loca] Councils to fomi a new Unitary Authority. There 14 however. a breathing space OftWthree years during which to understand And adapt to ttrLe implications. Financial Review. Fundraising and RerVeS Pollcy We thank lh¢ following organisations for their supwrt during the year. rn0 of which has Eten driPd more fully in ix)dy of thi5 f¢pKIrt'. SDC for an annual grant of £12,0(K) towards core CO and £3.075 frorn IIK Rural Pn)sperity Fund for café and other equipment. The Charles Skey Chariiable Trust for their substaniial ¢ontribJtion towards ihe new entrance and Shop fittings. Ecclesiasiical Insuranct (W known as the Benefad Group) for £i,iJ)O towards tt* ¢ntran¢e. Natural Engl8nd for £3.332 for the bats. As these a¢Ull demonstrat. th¢ Charity is financially sound and manages io do a cort5ithrab]e amount de5Plte ILS short income generating Seaso 8nd relianc¢ on voluntary laEx)w. The ¢atering income w&s significantly reduced. indeed, the caterers owe the charity unpaid ftes. We have taken the actions available to us, but what¢v¢r (he eventual outcome. the 2024 accounts show a shortfall. Even with this loss, however. our general reserves 5stnt up by £10.000, suggesting a degree of resilienc¢. W¢ ar¢ vigilant. proactive and focused in managing the charity's inrne and expenditure.
DwJ*gn En4EIoFe10.' E3919oa6.FBA4445M2CE498C9E498864 Woodchester Mansion Trust Limited For ¢he ye9r ended 31 December 2024 TRUSTEES, REPORT (£oBti•ued) Independent Examiners Hazlewoods LLP were apwinwl as independent examiners to the gmup and parent tharity for the year end¢d 31 December 2024. Small Compgny Exemptions This r¢pon has been prepared in xcoTdan¢e with the s181 provisions for Small cornpanies under Part 15 of the Companies A¢t 2(M)6. 20/6/2025 Rhiannon Wigzell Chair Da¢e
Oocusign Env¥W ID." E3919088.F8A*445B42CE498CgE498664 Woodchester Mansion Trust Limited For the year ended 31 December 2024 STATEMENT OF TRUSTELS. RESPONSIBILITIES The Trustees (who are also directors of the charity for the purtxgses of company law) are resp)nsibl¢ for preparing a Trustees. annual pOrt and financial Statements in accordance with applicable law and United Kingdom Accounting Stgndards. including Finon¢ia] Rewrting Standard 102.. The Financial Repx)rting Standard applicable in th¢ UK and Republic of Ireland (United Kin8dom Generally A¢c¢pted A¢¢ounling Practice). The Trustees to prepare financial statements for ea¢h financial year. which give a true and fair view of the state of affairs of the Charity and the grou and t1 incoming resources and application of resource including the net income orexpenditure. of the chariry and the group for th¢ y¢ar. In preparing thos¢ fillcIal Staternen15 the trustees are required to: Sele¢t suiiable accounting EK)li¢ies and then apply them Consistently- Observe methods and prin¢ipks in the Charilies SOIIP (Accounting aTxI ReN)rting by Ch8riti¢s- Swement of Recommended Practice}" Make judgements and estimates that are reasonable and prudenL State wheiheT applicable accounting standards statements of recommenlkd practice have been followed. subject to any ma¢eri81 departures di10$ed and explained in financial stementS. Prepare the financial statements on th¢ going concern basis. unless it is inappropriat¢ to pffswne that the Charity will contintte in ottration. Th¢ Trustees have ov¢rall responsibility forensuring that th¢ wmpany Iw an appropriat¢ system of control rinancial and otherwise. They are also restA)nsible for keeping proper a¢untIng record% whi¢h dÉsclose with reasonable accuracy any time the financial wsition of the rnPany and enable them to ¢rtsure th the financial statemenls comply with ihe Companies Aci 21)06. They are also reswn5ible for safeguarding the assets of th¢ ¢ompany and hence for the thking reasonable ep$ for the prev¢rtion and detection of fraud and oiher irregularities. io
DO919n £nlOpe10.. E3919086.F8A4-445&42CE498c9E49B664 Woodchester Mansion Trnst Limited For the year ¢nd¢d 31 December 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WOODCHESTER MANSION TRUST LIMITED I report on the Consolidat financial statan¢nts of Wood¢hest¢r Mansion Tt Limit¢d for the year ended 31 December 2024, which cilmprise the swement of financial a1VitieS. the ba]ancc shccl and r¢l¢d notes. These financial siatements have been prePad under the historical cost conveniion and ihe accounting Ii¢i¢s 5¢t out therein. Resp¢e¢ive responsibilitits of Trnsttts and Examiner As the Charity's Trustees of th¢ Company (who are also the DirectoTs of the company for the puryoses of company law), you are reswJnsibl¢ for the preparation of the financial sratements in accordance with the r¢quir¢ments of the Companies Ath 2(Xi6 ('Yh¢ 2006 A¢f') and the Charitie5 Act 2011 ("the 2011 Act"). Having satisfied myself that the financial statements of the Company ar¢ required to be audited for thi5 year under Part 16 of the 2(M)6 Act and are eligible for independ¢ni examination, I report in respect of my examination of your Charity's financial st8t¢m¢nis carried out under section 145 of the 2011 Act. In carryin8 out my examination. I have followed ihe Direciions given by thecharity Commission (under section 145(5){b) of the 201 l Ad). lthdtpendent Examiner's Stattment I have completed my exaJninatiOTL I wnflrn) that no material matters have come to my attention in connection with the examination which gives me ¢aus¢ io believe that. in any material respect: The accounting records were not kept in &crdan¢¢ with section 386 of the Companies Act 2006. or the financi Stratements <k) not a¢¢ord with such records" or the financial siatements th noi comply with relevant accounting requirements under section 396 of the Companies Ad 26 oikr than any requirement ihat the financi statements give a'true and fair, view which is noi a matter considered part of an indeFndent eXaminlOn. or the financial ststhents have not Ixen prepared in accordance wilh the methods and principles of the Charities SORP {FRS102). I have considered the dis¢losuffs in Note 2 to the financial statements with regards to the Charity's ability to continue as a going ncern. I have no concertL8 and have lme ¥ross no other matters in uJnne¢tion with the examination lo whi¢h attention should be drawn in thTS w in ord¢r to enable aproper UnderSding of the financial atements to be reached. 23/6/2025 S¢ott Lawrettce FCA. DChA Date For and on behalf of H*Zlew0 LLP
Lhxusign Envelope ITr. E39186-FsA444SB-A2CEg8CgE4g8684 Woodehester Mansion Trnst Limiled For the year ended 31 December 2024 CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 {INCLUDINC INCOME AND EXPENDITURE ACCOUNT AND STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES) Unrestricted Funds Restricted Funds To¢1 2024 Nott Incomt and Endowments from: Donations and legacies Charitable activities Other trading a¢iivities lftterest receivabk Total In¢om¢ 28,366 46,589 80,770 28J66 52,996 80,770 6,407 158 562 Expenditure on: Raising Funds Charilable activities 29,616 29.616 157 Tot•1 Expertditure 151258 187011 Nei movement in funds 20 7.304 22,042 Total funds brought fonwrd 20 158.191 211,683 To¢41 fund5 carried forwxrd 20 165 495 Unrestricted Funds Rtstricied 'Funds Total 2023 Note Income and Endowments from: rx)nations and legacies Charitsble activities, Other trading activities Interest receivable Totsl Income 12.170 47.430 90.252 12,170 7&910 90,252 31.480 152 299 183.779 Expenditure on: Raisin8 Funds Charitable activities 29,589 113971 29,589 146 32910 Total Expenditure 143,560 176,470 Net movement in funds 20 739 430 Total fundg brought fornrd 20 149 452 204 74 Total funds carried forw•rd 20 158.191 211,683 All of the Charity's activtties thriv¢ from coniinuing 0[tiOnS during the alve two period& 12
DotsJs¥Jn En¥eW10.' E3919086.F8AM45BA2CE498C9E49B664 Woodehester Mansion Trust Limited For the year ended 31 Dtternber 2024 BALANCE SHEET AS AT 31 DECEMBER 2024 Th¢ Group 2024 The Charily 2024 The Charity 2023 Group 2023 Notes Fixed Assets Tangible assets H¢ritsge assets Investments 11220 20.881 12,220 20.881 12 13 12.220 20.881 12,221 20.882 Current a$$et$ Stocks Debtors CAsh at bank and in hand 15 16 2.885 3,004 184.162 190.051 1.726 10.698 190,256 202,680 2,885 21,167 160789 184,841 .726 27.911 168646 198,283 Liabilities Creditors: amounts falling due within ol 17 12.630 11.878 7.421 7.482 Net current assets 177 421 177 420 N¢t a$se¢$ 211683 Fwrtds of the Charity Restricted Funds Unr¢stricted funds.. - D¢signakd fwids - General funds 20 24.146 53.492 24,146 53.492 20 20 5.681 159 814 8,5(M) 149691 5.681 159814 8,500 149.691 Total charity funds 189.641 211,683 189641 211683 The chariiable company is exempt from audit under the Companies Aa 2(K16. s. 477 (small companie5)'. The members have noi requid th¢ tharitable company to obtain an audit of its finan¢ial statement5 for the year in question in accordance with th Companies Act 2(M)6, s 476" aThJ The directors knOwledge Iheir re5p)nsibililies for MPlyIng with lh¢ r¢quir¢m¢nts of Cornpanies Act 2006 with respect accounting reL7)rds and the pryation of financial slatements. The financiat sthtements on pages 12 tt) 25 were approved by the Trus and authorised for issue on 20/6/2025 . and sigrtd on their tdalf by. Rhiannon Wigzell Chair of Trustees 13
Clxuslgn Envé%)pe10." E3919086.FBA4445BA2CE498C9E498664 Woodchester Mansion Trnst Limited For the year ended 31 December 2024 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Company limited by guarant¢¢ w(CheSter Mansion Trum Limited is a rnPanY limited by gu8roniee and xcordingly does not have A share eapitsl. Every member of ik company underthkes io conuibute such amouni as may b¢ required not exceeding £1 to the assets of the charitable company in the ev1 of its Ing wound up whik or she is a memitr. or within one y¢ar after he or she ce&5es to be a member. Actounting poli¢ieJ Summry of Jignificant accounting policies and k¢y •ccounting e$timte$ The princi7 accounting wJli¢ies applied in the preparation of these financial statements are 5¢t out below. These poli¢i¢s have been consistently applied to all the yeats presente4 unless otherwise sthied. Ststement of ¢ompliance The fingncial statements hav¢ iyen wepar¢d in ac£ordance with A¢Unting and Rewrting by Charities". Ststm¢ni of Recommended Practice applicable to charities preparing their financial siatements in accordanc¢ with the Financial Reporfing Siandard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 20191 (Charities SORP (FRS 102)). Ihe. Financial Rep)rtin8 Standard applicable in the UK and Republic of Ireland (FRS 102) and Companies Act 26. Basi5 of prepgratio Woodchester Mansion Trust Limitrd meets the definition of a public irnefit entity under FRS 102. Assets and liabilities are initially recogni5ed ai hiOr1¢41 cost or transaction value unkss otherwise stated in the rel¢vant accounting policy noi¢s. Basis of roTrs01idattoft These financial staiements 1]date the results of th¢ charitsble company and its wholly-owned (controlled) subsidiary on & line by line basis. Transactions and balanLts between the charithble company ond its subsidiary have t¢n elirninated from the consolidated financia] ststements. Balances betsyeen the two ujmpanies are disclos¢d in the notes of the dwitable company's balance sheeL A sepaM¢ siatement of financial a¢iiv¢tie4 or incom¢ and expenditure accouni for the charitable company itself is not present because the tharitable MpanY has (aken advantag¢ of the exemptions afforded by 5edion 408 of the Compani¢5 Act 2CQ6. Going ¢on¢er Th¢ financial st¢m¢nts have I£n ppared on the aSSUmOion that the thaTity is able io Contin as a 80ing Conce which the trus*es Consider approPrie having regard ¢0 the current kvel of unrestricted reserves. There are no material unc¢rtainii¢s aFM)ut the thariry's ability to o)ntinue as a going Concer albeit recognising ihe MaT)sion's viability in the long t¢mi wi only be assured by ih¢ supp)rt of major grani giving organi5ations and donalion5. Exempiion from preparing 8 cash flow stglement The Charity has taken advantage of the exemption in sedion 398 of the Companies Act 2006 from th¢ rcquirement to prepare consolidated finala1 statements. on the grow5 that it is a small sized group. In¢om¢ Income 15 regnised when ts charity h&$ entitlenKnt to th¢ fiAnds, any Frformance conditions attad to th¢ item(s) of income have bttn meL it is probable thai lh¢ incorne will be received and the amount can be measured reliably and is noi deferred. Income from oiher trading &ti¥ities is recognised when the goods or servicts arc (klivered. Income in advance of pmvision of services is deferr¢d until criteria for incom¢ r¢thgnition are meL 14
0$19n Envelope IO.. E3919086.F8A44458A2CE498C9E498664 Woodchester Mansion Trust limited For the year ended 31 Dettmber 2024 NOTES TO THE CONSOLIDA TED FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditure and irrecoverable VAT Expenditur¢ is r¢cognised once there 15 a legal or constmcliv¢ obligation to make a payment to a third party, it is probable that settlemeni will required and the amount of the obligation can be measured reliably. Irrecoverablc VAT is charged a5 a cost again the activity ft)r the ¢xwditure was incurred. Fund A¢¢ounting Unrestricied funds are av8ilable to $fid on activities that fijrther any of ts puryse$ of the charity. Designated funds are unrestricted funds of the chity which th¢ irust¢es have decided at their discretion to set aside io use for specific purwse. Restricted fijnds are donations whi¢h the donor ha5 sFcified are to Ee solely used for particular are&8 of the ctrwity's work or for 5CifI¢ proj¢cts being undertaken by the charity. Governance ¢osts Thes¢ includ¢ the costs attribjtable to the Charity's complian¢e with nStInItional and statutory requiremen in¢ludin8 audi( slrategic management and trustees. meetings and r¢imbursed exFnses. Taxatio The Charity is considered to pass the iests sd oui in Paragraph I Schedule 6 of the Finance Aci 2010 and ih¢r¢fore it m¢¢ts the definition of a charitable company for UK fFratIon t&K puriKise5. AccoTdingly. the Charity is FKgientially exempt from taxation in reScl of in¢ome or capital gains received within categori¢5 covered by Chapter 3 Part I l of the co[ratIOn T&% Act 2010 or Section 256 of the Taxation of Chargeable Gains A¢1 1991 to the extent that such income or gaios 4)plied exclusively to charitable pu[Se$. Tangible fixed assets Individual fixed assets costing £1.500 or more are iniiially recorded at C05L le55 any subsequent accumulat depreciation and subsequent accumulatrd impairni¢nt losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off theC0 or valuation. kss any estimated r¢sidual value, over Iheir eXpted useful economic life &s follows- Asse¢ cl$ New buildin8 Plant and machinery Motor vehicles Depre¢iation method #nd ratt Straight line over 3-10 ye 25Y• reducing balanLt 25% straight line Heritage as$ets Mansion refurbishment is clwifd as a heritage asset (note 12). H¢ritage a$5ets are valued at historic eosL or valuation if donated. Depreciation is charged on h¢rita8¢ ass¢ts at 40A on cost. They are periodically revieM¢d for impairmen( with any n¢c¢ssary impaim)ent105ses being taken to the swemeni of financial a¢livities. For heritage assets that hav¢ t¢¢n donated and a reliable estimate of the asset's fair value ¢annot b¢ made. the asset is not recorded in the accounts. Investments Current asset investments are iftcluthd w the lower of $1 and net realisable valuelmarkei value. Stotk Stock is in¢luded at the lowrr of cost or net Tealisable value. tk>nd itm$ of stock are recogni5ed at fair value which is the amount the charity would have t*¢n willing to pay for the itents on the OF¢n mark¢t. 15
Oopjslgn En¥elope10.' E3918086.F8A4445&A2CE498C9E498064 Woodch¢st¢r Mansion Trnst Limited For the year ended 31 December 2024 NOTES TO THE CONSOLIDA TED FINANCIAL STA TEMENfs FOR THE YEAR ENDED 31 DECEMBER 2024 Deb¢ors Trade and other debtor5 ar¢ recognid at thc settlemenl amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of arty trade discourbts due. Cash It bunk and in hand C&sh at bank and wh in hand [lU&S cash and short term highly liquid investments with ashort maturity of thffe months or less from Ihe dat¢ of a¢quisilion or OnIng of the deposit or similar account. Creditors Creditors and provisions are re(x)gnised where the charity has a pffs¢ni obligaiion Tesuliing from a past evenl that will probably r¢sult in the transfer of funds to a third party and the amount to s¢rtl¢ ih¢ obligation ¢8n be rnured or estimed reliably. Creditor5 and provisions are nornially recognised at iheir settlement 8mount after allowing for any trade disct)unts due. Finaftcial in8trumtnts Cl8SStfieation Financial &ss¢ts and finan¢ial liabilities aTe recognised when the CTharity Ixcomes a paty lo th¢ contra¢tu81 provisions of the instrument_ Fin#J)cial liabilitie5 and equity instrnmenLS are classified a¢¢ording io the substance of th¢ COntracal aThangementsentered into. An equity instrum¢ni is any C4XMraa evidences a residua] interest in the assets of the Chity after deducting all of its liabilities. Re¢ognition ond meo$wrement All financial se15 and liabililies initially me&sured at transaclion Price (including trAnSlI0n w5ts). ¢x¢epl for those financial 8s%¢s Classified &8 fair value through profit or los8 which are initially measured at fair value (which is nomially the tran£[lon pri¢¢ excluding iransaciion costs). unless the arrangement con5titute5 a financing transaction. If an arrangemeni cons1itute5 a financing transaction. the financial assei or financial liability is measured at the present Val of the futsre payments di5U1¢d a market rate of interest foi a similar debt instrumeni. Financial &ssets and liabilities are only offsei in ih¢ balan¢e sheet Wh 8md only when there exists a legally enforceable right to set off lh¢ ff¢ognised 8Jnounts and the Charity intends either to settle on a n¢t b&si& or to realise the asset and settle the liability simulwieously. Financial assets are d¢regnised when and only when a) the contractual rights to the cash flows from th¢ financial asset expire or are settled. b) Ihe Charity transfers io anoth¢r party substantially all of the risks and tewards of ownership of ihe financial Se( or ¢) the Charity, despiie having rethined som< but not all. significant Tisk5 and rewards of ownership. has transferred o)niml of the ossei io another party. Financial liabilities are derecognis only when the obli8aiion spe¢ified in the Contract is discharge4 cancelled or expl$. 16
Do¢wggn EnveloFe 10.. E3919086-FBA4445BA2CE498C9E498664 Woodchester Mansion Trust Limited For the year ended 31 December 2024 NOTES TO THE CONSOLIDATED FINANCIAL STA TEMEKfs FOR THE YEAR ENDED 31 DECEMBER 2024 3. Intome from dona¢it)n$ and legaeies Unr¢stritt¢d Fulld$ Restricted Funds Total 2024 Total 2023 Donations Gift aid 27.110 27.110 256 11.054 All income from donation% and legacies in 2023 was unr¢strict¢d. 4. In¢om¢ from ¢h*ritable activities Unrestricted Funds Restri¢t¢d Fund$ Total 2024 Total 2023 Grants Tickets and educational activities Iith) 6.407 18.407 34.589 52.996 43,480 46,589 407 78.910 Of the income received in 2023, £47.430 was untestricted funds and £31,480 was restricted funds. 5. Covernment grants The charitable company rettives gov¢mmcnt granty defined as furtdiftg from Stroud District Council to fijnd charitable a¢iiviii¢s. The total value of such grants in ihe period ¢nding 31 December 2024 was £12,000 (2023.. £12.O¢Y)) from Stroud District Council. There ar¢ no unfulfilled conditions or contingencies atta¢hing to these grants in 2023. 6. Income from other trading activities Unrestrlcted Restricted 2024 Total 2023 Total Tea room income Shop sales PhoS00ts and filming Paranormal events Other events Rental income Total 1.165 15.205 .242 30.063 20.995 5.1(K) 80.770 1.165 15,205 8242 30,063 20,995 8.067 17,333 6.641 28,055 25.056 5,100 All income from other trading activities in 2023 was unrestriek 17
tIwJsign En4El¢¥t10.. E391908fvFBAWS&A2CE498C9E498664 Woodehester Mansion Trnst Limited For the year ended 31 Deeembtr 2024 NOTES TO THE CONSOLIDA TED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Total expenditure Raising funds Charitsble •¢tivi¢ies 2024 Total 2023 Tol#l Café, events and fvndraising Project costs Conservation sts 27,283 27.283 23,450 37.523 27.061 10,240 30.822 23.450 37.523 Supporl andgovernance costs.. Insurance Mansion running maititenanLZ costs Office costs Professional fees Vehicle costs Staff costs (Note 9) Bank Charges Depr¢¢iation and loss on disSaI Total 2J34 18.794 6,213 9.993 4.141 46.188 98 2.334 18.794 6.738 11,683 4,141 46.188 216 2,319 22.585 9.315 12.573 2.957 45.054 350 525 1.691 118 157.395 187.011 176470 Of the expenditure in 2023. £143.W) wos Unsined funds and £32.910 was restricted funds. Nel incoming resourees incoming r¢souTces for th¢ year is ated after charging: 2024 2023 D¢preciation of fix¢d assels Independeftt Examiner's fee 8.661 13,194 Staff e05ts The aggregate payn)11 Costs were &s follows: 2024 2023 Salaries and wage5 Pension costs M.533 655 43.467 45.054 18
Oocu51gn EnlOpe ID." E3919086.FBA4445UZCE498C9E49B664 Wood¢hest¢r Mansion Trust Limited For the year ended 31 Dttember 2024 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 St*ff costs (eontiDued) No employees received emoluments of more than £60.¢XK) (2023: rM)n¢) during the year. The average nUMtrr of employees in year. cCUlad on the basis of fvll-¢im¢ ¢quival¢nts. was as follows.. 2024 Number 2023 Number Awera8e number of employees (head unt) During the yeat. no Trustees {2023: none) received reimbuTsed expenses from the ¢harity. No Trwst¢es have Teceived any other remuneration or benefits from the Charity during the year (2023.. none). 10. Taxation The Charity is exerrtpi from COTporation tax as all its income is ¢lwitable and is applied for dwithbk puryx)s¢s. Th¢ ¢harity's subsidiary. Woodchester Mansion Trading LirniteQ gift aids its available trading profits to the charity. Ther¢ w&s no profit retained by Woodchester Mansion Trading Limited ihat w&$ chargeable to corwrdtion tax in the curr¢nt or prbor y. 19
DooJ¥9n Envelopt ID.. E3919086.F8M44S8-A2CE498C9E49B664 Woodehesttr Mansion Trnst Limited For the ye8r ended 31 December 2024 NOTES TO THE CONSOLIDATED FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 I l. Tangiblt fjxed assets Pl*nl and machinery Motor vehicles Group New building To¢41 Cost: Al l January 2024 Additions Diswsa]s Ai 31 December 2024 29,907 29.528 16.59YI 76.025 29.907 29.528 Depreciation: At l January 2024 Charge foryear On disFM)sals Ai 31 Decernirr 2024 23.262 4,797 23.411 1.364 8,471 2,500 55,144 8.661 24.775 63.805 Ne¢ Book V•lue". Al 31 Decemirr 2024 12.220 At 31 DeCemr 2023 6.645 6,117 8,119 20,881 Ch4rity Plant and mA¢hinery Mottsr vehi¢le$ Ntw building Total Cost: At l January 2024 Additions Dispo5 At 31 DeceMr 2024 29.907 27.843 13.592 71.342 Depreciation: At l January 2024 Charge foryear On disFwIs At 31 Decemtw 2024 23.262 4.797 21.726 lJ64 5.473 1S(K) 50.461 8.661 2&059 7.973 Net Book V•lu¢: At 31 Dec¢mt¢r 2024 At 31 DeCem1r 2023 &645 6.117 8.119 20,881 20
DooJ%gn Envelope IO.. E3919086.FBAM458-A2CE498C9E498664 Woodchester Mansion Trust Limiled For the year ended 31 D¢¢¢mber 2024 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. Heritage assets Mansion Cost Ar l January 2024 and 31 De(tmEer 2024 1,179.163 Depreciation and iThp¥irm¢•t Al l January 2024 and 31 December 2024 179 163 Net book vlue A¢ 31 D¢c¢mttt 2024 At 31 D¢¢¢mkr2023 13. Investments The group The ¢harity 2024 2023 2024 2023 Investhient in subsidiary company 14. Subsidiary undertkinv Woodchester m10n Trading Limited is the trading ann ofthe Charity. of whid) w{dCheSter Mansion Trust Limited is the sole shottknld¢r. 2024 2023 Turnover Cost of sales Gross profit Administration exFtns¢s Operating profil Other interest reLYivable and similar incom¢ Profit on ordingry aaivities kfore taxation Profil for ¢he finncil ytr after tXlion 58.71X) 59,402 43.314 223 41.091 165 41.256 45,392 2.527 42,865 519 2024 2023 Total retained earnings brought forward Total comprehensive income for the year Gift aid distribution to parent charity Total retsined ernings rarried forward 377 43,384 43.761 41.256 21
D(tun Envelope ID.. E39191)86BAH45B-A2CE498CgE49B664 Woodchester Mansion Trust iAmited For the yearended 31 December 2024 NOTES TO TIIE CONSOLIDA TED FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14. Subshdiary undtrt*kings (¢onlinutd) 2024 2023 The aggregate of the assets, liabilities and funds W.. Assets Liabilities Fund$ 23.373 21.610 IS. Sioek 2024 2023 2024 2023 Finished g(M>d5 16. Debtors The group 2024 The ¢harity 2024 2023 2023 Trade deb¢$ Amounts owed by group undertakings Prepaymen¢s Other debtor5 VAT r¢ceivable 4.626 4.626 17.213 2.800 2.470 802 27,911 18,163 2.729 2.729 190 85 3.004 2,8CKJ 1470 802 85 17. cdItOrS 'I""he group 2024 Tht charity 2024 2023 2023 Trnde credito Other allOn and s14{ security Arya1$ Deferred income Other cr¢diiors 2,024 690 5,958 3.670 288 2.528 730 5.806 2,745 69 2,024 690 3.982 725 2.528 730 4.224 22
Docv¥n En¥elope10.. E3919086-FBAH45UXE498C9E49B664 Woodehester Mansion Trusl Limittd For the y¢gr ertdtd 31 December 2024 NOTES TO THE CONSOLIDA TED FINANCIAL sTATEME[s FOR THE YEAR ENDED 31 DECEMBER 2024 18. Deferred ineome The group 2024 Tht charity 2024 2023 2023 Ai l January 2024 Def¢rr¢d during ihe ye R¢l¢aKd during the year At 31 D¢¢¢mÈer 2024 2.745 3.670 4.900 2.745 1,605 725 725 Deferred income in 2024 relates to income received in advance of delivery of s¢Thic¢s. Deferd income in 2023 also includes rent for January 2024 received ftire yearnd. 19. Analysis of group net assets between funds Restricted fund3 D¢sign4ted Funds G¢tt¢ral Fund$ To¢91 fund$ Tangible fixed assets Current asseis Current liabilities Net &ssets at 31 December 2024 12.220 160.224 12.220 190,051 24.146 5.681 5.681 159.814 189.641 Prior year comparative Res¢ricied funds DeJign¢ed Funds Gener1 Funds Total funds Tangible fixed asse Curr¢nt &ss¢ts Current liabilities Net assets at 31 De(tmiT 2023 20.881 140.688 20.881 202,680 53.492 451)0 53.492 8.500 149.691 211.683
DoSign Envelope ID.. E3919086-F8A4445&A2CE98C9E498664 Wood¢hester Mansion Trnst Limited For the ytar ended 31 December 2024 NOTES TO THE CONSOLIDA TED FINANCIAL sfA TEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 20. Movements in funds Ai31 tlttembtr 2024 At l Jnury 2024 Income Expenditvre RtrICted funds Rural Prosperity Grant Stroud District Council Charl¢s Skey Natural England Sustainability Grant Toial rtstricted funds 3.075 (3.075) (7,082) (20.792) (3.801) 26.OiX) 20.792 1.052 18.918 3,332 583 35.753 UnStricted funds Designated funds.. Mansion conservation fund Toial designated fijnds GeneTal funds Tot41 unrestricted funds 8.$00 149691 158 191 12,819) 148439 151258 5,681 159 814 165 495 158 562 Total funds 211683 187 011 189 641 Purposts of restricted funds Rural Prosperity Grant: This 1¢$ to fvnds receiv¢d support Capital projects aiming to strengttKn the rural ecotwmy and local community. Str•¥d Dislrict Council: This relafrs to funds receiv¢d towards a feasibility SdY and initi81 works on Conversion of of the North Range. ChaTle5 Skey". Funds were advanced for enh4nL%ments to the front door, entrance hall and the retsil shop fittings. Natural England: An annual grant for 5 year5 as a contribution trj th¢ heating costs of the bal Toosts and ftir sUr¥i510n by a bat specialist. Sus¢4in¥bility Grant.. Funds for b monitors and enF4ncin8 membership ImOtIO Purposes of desigllated funds Mansion Conservation Fund: The puryJos¢ of the <ksignatd serve is to ithntify essential ¢XENI11Ure anticipated over lh¢ n¢xt two to three years. for whi¢h the trustees have made provision. This refiects the imperativ¢ of conserving the Mansioft in the short lerni. ajkit as pgrt of the lon8-tenn conservation plan. and wiihout which the Mansion would deteriorate to the detrimeni of ILS ultimate conservation. 24
0ow$gn Envelope ID.. E3919086.FW445&42CE498C9E49B664 Woodchester Mansion Trust Limited For the year ended 31 Deeember 2024 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 20. Movements in funds (e•)ntinued) Prior ye•r Comparatives At31 December 2023 At l January 2023 Intome Exp¢Thditvre Restrit¢ed funds HHF - Souih Range Rf Siroud Disrri¢i Council Charles Skey Natural England Sustsinability Grant Total re$tricted funds 4.922 50.oc (4.922) (24.(Kl)) (1.7081 (1280) 26.000 20.792 ,052 22.500 3.332 5,648 Unrestricted fund$ Designated fijnds.. Mansion conservation fuThl Total designated funds Generdl funds Total unrestricted funds 8.500 140952 149 452 8.500 149,691 158 191 152 299 152 299 143.560 To¢al funds 204 183,779 176.470 211683 21. Related Party Tr•ns*ttion$ Woodchester Mansion Trust Limited has 8 wholly owttd subsidiary, Woodchester Mansion Trading Limil¢d. ¢ompany limit¢d by shares (company no. 10335636). As at 31 December 2024. woodchtrr Mansion Trust Limited is owed £18.163 (2023: £17.213) from Woodchester Mansion Trading Limite¢l