REGISTERED COMPANY NUMBER: 03522981 (England and Wales)

REGISTERED CHARITY NUMBER: 1068784

Report of the Trustees and

Unaudited Financial Statements

For The Year Ended 31 December 2025

for

Hartpury Heritage Trust

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

to

7

Notes to the Financial Statements

8

to

17

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

To advance the education of the general public by the conservation, protection and improvement of any part of the physical and natural environment in and around the parish of Hartpury which is of historical significance.

Significant activities

The buildings and objects restored and maintained by the Trust now consist of the following:

The Church of St Mary's Hartpury (in association with the Parochial Church Council)

The Old Dominican Chapel, Hartpury.

The Hartpury Orchard Centre (opened Autumn 2008)

The Bee Shelter in Hartpury churchyard

The Milestone

The Perry Pear Orchard

The Orchard Library

Grantmaking

The Trust contributes to the upkeep of St Mary's Parish Church Hartpury.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Review of progress and achievements:

The restoration of the Old Forge was finally completed at the end of the year. At present it shares chairs belonging to the Orchard Centre but will need its own or possibly spares from the church. During the year the first floor (the 'Upper Room') was consecrated by the Bishop of Gloucester, enabling the VAT on the building work to be reclaimed by St Mary's church from the treasury. A few bats have taken up residence in the space set aside for their use, so the very significant expense has proved justified. We can now celebrate this by explaining to visitors what has been done and the reasons for this, perhaps arranging a bat walk linked to the church ecology morning.

We again saw a welcome increase in the Old Chapel's income from lettings although still not sufficient to cover its overheads. One significant cost is the internet connection, and we need to ensure potential hirers are aware of this facility. The completion of the restoration of the Old Forge means we can now address the question of furniture needed for the Chapel Hall and its storage.

The carpark continues to be well used by both the Church and Trust for both parking and for events - it makes a significant difference to the types of activity that can now take place. Most of the paddock is mown so that it can be used for various activities, such as the church plant sale, but a section is being planted as a small heritage orchard, with significant local and other historic fruit varieties. The grass is allowed to grow in the remainder encouraging a wider range of biodiversity. Trustee Steve French organises an annual ecology morning to raise awareness of this.

The appearance of the orchards continued to improve due to the work of Gloucestershire Orchard Trust, particularly by the repair or removal of many of the rotting tree guards. We again displayed plums at an open day in August and perry pears in September. Our display of pears at the Malvern Autumn Show earned an RHS gold medal and we were also presented with CAMRA's 2025 Pomona Award. The BBC Farming Today programme visited the Centre later in the year.

The wassail was well attended although rather fewer stopped for food after the ceremony. Our blossom day also attracted a good number of visitors. Phil opened the tap bar fairly regularly on Saturdays during the summer months. The Centre was hired for two birthday celebrations and for a 'Treescapes' meeting by GWT during the year.

At the end of the year the Stewardship agreement at the Orchard Centre came to an end after 20 years, during which it supported, through Orchard Guardians CIC, our trading company, the establishment of the Centre and creation of the wetland reserve. During the last few months of the year Jim Chapman has been negotiating a new agreement, with the help and support of Steve French and Andy Ellis of Gloucestershire Orchard Trust and advice from Gloucestershire Naturalists' Society, Gloucestershire Wildlife Trust and Natural England. The detail has now been agreed, and the agreement should be signed in 2026. It will provide an annual income of £17,500 and will contribute £57,000 towards the cost of planting new hedges, fencing, providing water troughs in all fields and improvements to the bird hide access and surroundings.

Investment performance

Investments are placed with the CBF Church of England Investment Funds.

FINANCIAL REVIEW

Reserves policy

Income which is project based is utilised in meeting that project and reserves are only accumulated in the interim until the expenditure is met.

Funds in deficit

All funds are fully funded and any deficit which arises is only short term resulting from claims against guaranteed funders which have not yet been received.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Constitution as a non profit distributing body incorporated in England and Wales and limited by guarantee.

Recruitment and appointment of new trustees

New trustees are appointed as required by the other trustees from those with an active interest in the objects of the trust.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03522981 (England and Wales)

Registered Charity number

1068784

Registered office

The Orchard Centre

Blackwells End

Hartpury

Gloucestershire

GL19 3DB

Trustees

J R Chapman

Mrs H B Chapman (resigned 5.11.25)

Mrs M R McGhee (resigned 5.11.25)

Mrs P Drury

Mrs M Bailey

S W French

Company Secretary

Mrs H B Chapman

Independent Examiner

Mark Spashett FCA

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 10 June 2026 and signed on its behalf by:

J R Chapman - Trustee

Independent examiner's report to the trustees of Hartpury Heritage Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

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

Independent examiner's statement

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

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

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

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

4.

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

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

Mark Spashett FCA

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

11 June 2026

31.12.25

31.12.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

37,049

-

37,049

19,019

Other trading activities

3

8,605

-

8,605

7,192

Investment income

4

267

7,691

7,958

9,271

Other income

3,845

-

3,845

-

Total

49,766

7,691

57,457

35,482

EXPENDITURE ON

Raising funds

3,248

-

3,248

1,900

Charitable activities

5

Orchard Perry Pear Project

4,229

8,500

12,729

17,259

Church of St Mary

2,748

5,500

8,248

83,850

Hartpury Restored Chapel

4,528

10,258

14,786

14,295

Bee Shelter

-

2,548

2,548

2,548

General

8,968

17,920

26,888

4,317

Landfill Fund

-

2,296

2,296

2,296

Car Park

-

660

660

660

Old Forge

-

296

296

296

Other

4,972

17,029

22,001

-

Total

28,693

65,007

93,700

127,421

Net gains/(losses) on investments

-

(16,898

)

(16,898

)

6,660

NET INCOME/(EXPENDITURE)

21,073

(74,214

)

(53,141

)

(85,279

)

RECONCILIATION OF FUNDS

Total funds brought forward

219,241

1,040,840

1,260,081

1,345,360

TOTAL FUNDS CARRIED FORWARD

240,314

966,626

1,206,940

1,260,081

31.12.25

31.12.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

10

30,150

481,004

511,154

529,240

Heritage assets

11

24,395

203,392

227,787

236,813

Investments

12

-

258,941

258,941

293,760

54,545

943,337

997,882

1,059,813

CURRENT ASSETS

Stocks

13

15,920

-

15,920

16,600

Debtors

14

140,628

-

140,628

148,661

Cash at bank

31,972

23,289

55,261

36,148

188,520

23,289

211,809

201,409

CREDITORS

Amounts falling due within one year

15

(2,751

)

-

(2,751

)

(1,141

)

NET CURRENT ASSETS

185,769

23,289

209,058

200,268

TOTAL ASSETS LESS CURRENT LIABILITIES

240,314

966,626

1,206,940

1,260,081

NET ASSETS

240,314

966,626

1,206,940

1,260,081

FUNDS

16

Unrestricted funds

240,314

219,241

Restricted funds

966,626

1,040,840

TOTAL FUNDS

1,206,940

1,260,081

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 10 June 2026 and were signed on its behalf by:

J R Chapman - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

25% on cost and 10% on cost

Heritage assets

The trust preserves two heritage assets, the Old Chapel at Hartpury which it acquired and refurbished and the Bee Shelter which has been relocated and restored.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life of 50 years.

Heritage assets - 2% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The trust is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

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

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	DONATIONS AND LEGACIES

31.12.25

31.12.24

£

£

Donations

26,650

5,470

Gift aid

10,399

13,549

37,049

19,019

3.	OTHER TRADING ACTIVITIES

31.12.25

31.12.24

£

£

Fundraising events

7,009

5,499

Hall hire

1,346

1,676

Electricity generation

250

17

8,605

7,192

4.	INVESTMENT INCOME

31.12.25

31.12.24

£

£

Deposit account interest

7,958

9,271

5.	CHARITABLE ACTIVITIES COSTS

Grant

funding of

activities

Direct

(see note

Support

Costs

6)

costs

Totals

£

£

£

£

Orchard Perry Pear Project

12,729

-

-

12,729

Church of St Mary

2,748

5,500

-

8,248

Hartpury Restored Chapel

14,786

-

-

14,786

Bee Shelter

2,548

-

-

2,548

General

25,278

-

1,610

26,888

Landfill Fund

2,296

-

-

2,296

Car Park

660

-

-

660

Old Forge

296

-

-

296

61,341

5,500

1,610

68,451

6.	GRANTS PAYABLE

31.12.25

31.12.24

£

£

Church of St Mary

5,500

75,000

The total grants paid to institutions during the year was as follows:

31.12.25

31.12.24

£

£

Church Grant St Marys Hartpury

5,000

75,000

St Mary's Churchyard

500

-

5,500

75,000

7.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.25

31.12.24

£

£

Depreciation - owned assets

18,086

18,088

8.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.

9.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

19,019

-

19,019

Other trading activities

7,192

-

7,192

Investment income

701

8,570

9,271

Total

26,912

8,570

35,482

EXPENDITURE ON

Raising funds

1,900

-

1,900

Charitable activities

Orchard Perry Pear Project

8,759

8,500

17,259

Church of St Mary

8,850

75,000

83,850

Hartpury Restored Chapel

8,793

5,502

14,295

Bee Shelter

-

2,548

2,548

General

4,317

-

4,317

Landfill Fund

-

2,296

2,296

Car Park

-

660

660

Old Forge

-

296

296

Total

32,619

94,802

127,421

Net gains on investments

-

6,660

6,660

NET INCOME/(EXPENDITURE)

(5,707

)

(79,572

)

(85,279

)

RECONCILIATION OF FUNDS

Total funds brought forward

224,948

1,120,412

1,345,360

TOTAL FUNDS CARRIED FORWARD

219,241

1,040,840

1,260,081

10.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 January 2025 and 31 December 2025

673,551

52,211

725,762

DEPRECIATION

At 1 January 2025

168,588

27,934

196,522

Charge for year

12,017

6,069

18,086

At 31 December 2025

180,605

34,003

214,608

NET BOOK VALUE

At 31 December 2025

492,946

18,208

511,154

At 31 December 2024

504,963

24,277

529,240

Included in cost or valuation of land and buildings is freehold land of £86,831 (2024 - £86,831) which is not depreciated.

11.	HERITAGE ASSETS

Total

£

COST LESS IMPAIRMENT

At 1 January 2025 and 31 December 2025

446,745

PROVISIONS

At 1 January 2025

209,932

Charge for year

9,026

At 31 December 2025

218,958

NET BOOK VALUE

At 31 December 2025

227,787

At 31 December 2024

236,813

12.	FIXED ASSET INVESTMENTS

Shares in

group

Unlisted

undertakings

investments

Totals

£

£

£

COST LESS IMPAIRMENT

At 1 January 2025

17,921

275,839

293,760

Revaluations

-

(16,899

)

(16,899

)

Impairments

(17,920

)

-

(17,920

)

At 31 December 2025

1

258,940

258,941

NET BOOK VALUE

At 31 December 2025

1

258,940

258,941

At 31 December 2024

17,921

275,839

293,760

There were no investment assets held outside the UK.

The Trust holds the following unlisted investments:-

Shares/Unit

Original

Market

Market

held

cost

value

value

31.12.25

31.12.25

31.12.24

£

£

£

CBF C of E Investment Fund

11,598.84

113,781

251,445

268,197

CBF C of E Fixed Interest Securities Fund

nil

-

-

CBF C of E Investment Fund

172.34

1,731

3,736

3,985

CBF C of E Fixed Interest Securities Fund

2,452.34

4,129

3,758

3,657

119,641

258,939

275,839

The investments were originally received from Hartpury Parochial Church Council as donations which included restrictions on the utilisation of the money for the maintenance of the Church and Churchyard and its buildings.

In 2016, the company purchased one share (33.33%) in Orchard guardians CIC (formerly Hartpury Orchards Limited) which was acquired at one third of its balance sheet value £17,921. A further 33.33% was acquired by gift on 01/02/2021 making it a subsidiary.

The company's investments at the balance sheet date in the share capital of companies include the following:

Orchard Guardians CIC

Registered office: United Kingdom

Nature of business: Orchard services

%

Class of share:

holding

Ordinary

67

31.12.25

31.12.24

£

£

Aggregate capital and reserves

(22,811

)

(21,853

)

Loss for the period

(958

)

(9,450

)

The investment in Orchard Guardians CIC has been impaired by £17,920 in the year, down to a value of £1. This reflects the fact that the company currently has a deficit in capital and reserves.

13.

STOCKS

31.12.25

31.12.24

£

£

Stocks

15,920

16,600

14.

DEBTORS

31.12.25

31.12.24

£

£

Amounts falling due within one year:

Amounts owed by group undertakings

-

141,001

Prepayments and accrued income

2,628

7,660

2,628

148,661

Amounts falling due after more than one year:

Amounts owed by group undertakings

138,000

-

Aggregate amounts

140,628

148,661