Charity Registration No. 1044514 Company Registration No. 03021XX)5 (England and Wales) COLCHESTER & NORTH EAST ESSEX BUILDING PRESERVATION TRUST COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 COLCHESTER & NORTH EAST ESSEX BUILDING PRESERVATION TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr5Allall Mr% A BartlL'L't Mr A G Marsili'n Mr C J Betts Mr R A Lray%l(Iii M r l) Bowmi)11 Mr W F. Hayti)n Mr S M F.iLS1 M.5 L A l) K li'ini'idiim Mr CJ An71.%ln)n¥ Mr D FlalLI)InbL Rctircd l?112, 0*3 App(iinled 17104121123 Appointed 17104121123 Appointed l ?1 l ?1?023 Appointed ?51071?0?3 Secretary MrSA Iliill Charity number 1044514 Company number 03020005 Resistered off ice Wal¢()11s I lall Ln%hTrLishall Rc)aLI GrL'ilt .1 L'y L'Lili hL¥ter L()6 IAH Independent examiner Vinccnl Mellclt l.'('('A (rranitc Morgan Sm ith l.im ilLd l?? Fccring Ilill 'eering L-()Iche51er L05 9PY Bankers 26 1 lixl) Slrt'i.I C_'i)Icheslcr F.5sex C()] 11)G Company Registration No. 03(r2(KM15 (England and Wales) COLCHESTER & NORTH EAST ESSEX BUILDING PRESERVATION TRUST CONTENTS Page Trustees report Independent C%ciminer'.s rL'P()rl Statemint uf fInd￿Tal aLtiviliL'S Balance sh(￿t NotL% to the financial siatLNments 8-1? Company Resi5tration No. 03021KM)5 {F.nsland and Wales) COLCHESTER & NORTH EAST ESSEX BUILDING PRESERVATION TRUST TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report and financial statcmLnts fc)r the. yQcir cnded 31 March 2024. lThe accounts have been prepared in accTrrdan￿ with tho Iiccounting policios sel i)ut in n()te I to the aico)unts and comply with the Trust's memvrandum and artiilL's of asS()Cliltion. the L"ompanies Act 2006 and 'Accounting anL4 RLp()rting by Charit]L￿. StatL'ment of Rec(}M￿ended Practice applicable to charilies preparing their aLLI)unLs in cvrdance with the Financial Roporting StanLlard applicable in the U K and l£ei)ublic (if Irelanil (FRS 102)" la5 ¢imendo for accuunting periud.s C()mmencin8 Fr(Im l January 21116) Objectives and Governance The Tiust's objL'ctivL is to pre.%crvL thL historical. archilcLtural 1111d conslruLli(Inr's owner, The lumbLI l)roject will see the building become a financially viable attraction that emlxds ronimunity and S￿la1 impact. Tn prompt awareness of and donations tn The Jumbc) Pri)iLYI. tho TruStL￿ and helpful volunteers have been active in escorting small tour groups up the tower to sce the magnificL'nt architL'rturo and construction skills of our Victorian forTrkTrars. 'I'hose usually paid-for tour.s ￿, ve an opportunity also to take i n the uniquely elovated panoramic views of the City of Colchester and its rural surroundings. This initiativc, has proved very popular with a sizeable waiting list of individuals, companies and organisations wishing to join futuro tou rs. Wo rocrtjited and trained I I v()lu nteers to lead public tours. In f￿edback, l Oo'k of lour visitors rateLI tljeir experience as very gnod. The tours weTe 4u5pended fur several mc)nths du rins tho pc,. rc%rinc falci)n nestin% season, rcc()xiii%ing the pair have Used Jumbo in previous year5. Our extensive en8agemenl prngramme ha5 als1) included i)utreach 5essinns, schni)l and Lnlle%e visits. 2 artistS' commis5ivns (with 30 young pvoplL> as Lnn L'vents. Development Phase activities took place between N(>vember 2023- June 2024. Durin￿ thi.s lirne. 'I'hv Jumbo Project reached 513 people as direct participants and c.41,UOU' a.s dULlieiices ti) public rLialm L'v¥n15 and in51a IlatiorLS. Thi5 reach was achieved across c. 30 Lavents. ('People Make It Wiirk ci)nsultancy.) SL'veral Residents, PanL)I meetings were cvnvencjd by C()ILheytvr L Tty CounLiI F()r Ncirih Ls5L'x F IL'rtta8e seeking input into shaping the final proposcd s¢heme for J umix). 'fhLI idL'ds i)ffeTed up by local PLI()ple havv bevn Anvaltsable in trying to gauge domand for future u¥agL', combining the need f()r cummercial viability, alongysidL' the hliritage preservation, inteTprotation and historical educational information. We launched nur new website Iwww.jumbL).()rg.uk) to shari. li'arning and information on The Jumbo Pr()joct. The website has e•commerce capability, allowing for future development. With.support from the Natinna1 Lottery I Icritago r,und after vur success in the Part l Application, Historic P.nsland and an allocation of monies frnm the UK Lovemment's Towns Deal Fund, tho Trust havo b('en able to appoint and Closely wnrk with sultable cnn.sultants across a wide range of specialist skills tn develnp the plan.s fnr the Futu re of Jumbo. Imaginative solutions have bcen doveloped and the challe.nges nf the buildin% overcome. An exciting A V and interpretation package is a key part of the programmes we will nffer. ljy the end OF the financial year the Trust had made sisnifiranE prosress towards the key milestone of applyins For planning and listed building consent. ThE Natinnal L(Ittery Herita8e Fund Part 2 appliration was submitted in mid_ August 2024. A55u ming we are succe.ssful in i)ur applica tion, r()ntTacts will ￿ let in the first half of 2025 and the building project is expec.ted to take 15-111 month.s to complete, followed by a fitting out periad. Company Registration No. 03020￿5 (England and Wales) COLCHESTER & NORTH EAST ESSEX BUILDING PRESERVATION TRUST TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 'Ihe '[ ru51 ha5 workcd wilh partnLrs durins thi% PL'rii)d including? Q'i)lehesier Q iiy Council. ThL' MLrLury Theairc. C'olchc%icr Ans. F'irstsiie, Ihe Naiional Trusi, the IpswiLh and L'olcheslcr MIisLLim SLfviLL. 415 well ds loLal LummuniliL'S and Lharilic5 rcprc5enling groups wilh limited cxposure lo herildge assels and Lducalion. We have developed an excilingp uclivity plan which will engaLie with the local and wider community and gencralL addilional revenue fur Ihe Q ily. We iifL' vLry gprateful tor Ihcir support. Ihc %uppon of l.oltcry playcrs and Ihal nf ihc WL 4ifL C'iilLhc%lcr11(Idrd. Hal%lead Air Raid Shelters The trust Continues to provide gyuidanee to the Hal%lead 21 st CL'niiiry Cifoup OVLY Iheir ambilions 1() cnnserve IhL b)r()up ul 2nd Wurld War air raid shelters in thL' hLart of Halsiead. The silL Ih411 LDnlain.% IhL shellers has now been purelidsed by a prup¢rty developer whu intends lo build houses on rhe land whilsl (Il.%i) rLl¢iining m()sl ()f'the shelicrs and passing IhL.SL c>n lo the I l? l G alter sl¢ibilisdiiun and srructural repair. A l()n& Icase ai a PL'PPL'rcom rcni h41.% hecn agrccd and Ihc Ciroup aw'ail the gJrill)l ul. planning penmissiun. Finance & Risks We hold liin ilcd re5ervcs arc dependL'lli on biranl lundiiigi ¢iiid giL'IILfdl l undrdiyingp Ill L'nuble our w(Irk lo conlinuL' II) progress ai)d complete 'l'hL Jumbo Pri)jccl. 'I'lie largel opciiing dale l(> IhL local and wider Lummunily 15 ?027. We intLnd 10 hccome ful ly aperdtional. and It) generale inL()me our%clvL'S. l() he Lili IisL'd li)r the fuliirL iiidnabveiiiLni and iiisiinlenancc ()I' Ihc waicr Inwcr, and indccd towards other Inc financial slatL'ments were.. Mr S A Flall Mrs A Bartleet Mr A G Mar5dvn Mr CJ Betts Mr R A Crayston Mr W E Haylon Mr P Bowman MrSMEa81 M5 L A D Kleineidam Mr Ci Amistrong Mr D BalcumbL Relired 1211 ?1?021 Appointed 171Q4120?3 Apwinled 171114120*3 Appointed 1211 ti121}23 Appuinlcd ?.fj1071?023 The Trustees are selected for their mix of skills in con,scrvati()n, charities. property. architLYtu re. law, financL, local government and me(lia. Their local knowledge and in(lividu¢il networks arp also important consiclÉ)rations. None nf the trustee5 has any beneficial interest in tho. compciny. All of the trustee.s are members of the c()rnpany and guarantee to contribute £10 in the event a winding up. Thc Tru.stees report was approved by the Bvard uf 'frustLbLI5. MrSAHall Chairman Daled: Company Registration No. 0302(￿.5 (Ensland and Wales) COLCHESTER & NORTH EAST ESSEX BUILDING PRESERVATION TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COLCHESTER & NORTH EAST ESSEX BUILDING PRESERVATION TRUST report to the tru.stees on my examinati()n i)f tho financial statemL)nt%' (If CvlchL¥StLTrr and NL)rth F.ast Essex Iluil¢Jing I'reservation Trust (IhL'-I'rust) f()r thL' yL'ar L'nLIL.d 31 Mn i)f the Trust's financial %tatL?ments iarriLILI out unilL'f 5e'Ction 145 lif Ihv L harities Act 2011 Ithv 2UI l Artl. In carryingF ou I my examinatii)n I have followed all thLb ilP¥?liiable DirLiLtiiin4 &>lVL'lI L)y the Charity Qommissi()ii unLIL'r 4ectiuii 145(5){b} ()f thL. 2011 Act. Independent examiner's statement I have cnnipleted niy examination. I confirm that ni) matters h nf the 20(k> Act iJthcr than any rcquiremenl th¢il Ihc arci)unl.s give a trui, cinil fair view which is not a matter confjiderc'LI a.s pa rt nf an indcrenLlent L'X un invL*tmLint% (4¢4.11 Net movemenl in funds 17? 638) ?9.79? l.unil balances at l April 21127 130.fj06 I IIV,714 Fund balances at31 Mareh 2024 1_31).506 'I'hL? Statement nf financial activiti(￿ includes All Kains Anil l()%%i* r(tnKni*MI in Ihi. yeclr. All income and L'xpenditure ilc'rivÉ. from ci?ntinuin% artiviliiN. The statemenl of financial ailivities a15u iomplic's with thi. riyuiTinic'nts Ic>r an incL)mL' aiid expL'nd iturL' account undL'r thL, Lompanie5 Act 21KJO. Company Registration No. 0302(MA15 (England and Wales) COLCHESTER & NORTH EAST ESSEX BUILDING PRESERVATION TRUST BALANCE SHEET AS A T31 MARCH2024 2024 2011 Notes Fixed assets Investments l.and Current assets l)ebtors C'ash at bank and in hanLI 11 5.604 109.297 5.4y() 13 44.4111) 61.7n 3.68Y 8L).USn Creditors: amounts falling due within one year 14 I I h?,818) 144,LNI I Net cu rTcnt a55ets (.$6.7(11 I Total as$et8 les8 current liabilitie5 sB.IIx 1 i11.sn6 Income funds Unre%tricteil fu nLI% 1.10..fj06 5X,1.38 130.506 'I'hL' company is ontitled to tho exemption from thL) audit r(yuir('ment contairn'd in section 477 ()f the companies Act 21111h, For the yiiiir c)ndcd 31 MIlTrh 2024. No MeM￿r of thi, i-i)mÈiany ha5 ilep(Isited a n()tice, pursuant t(I SL'Ctii)n 476, r('.quirinx an audit OF these fin4in¢itil %tatemenls. Thc. Trustl￿5 have re5pofLSibility for en5urinkp that the charily k('.eps acci)unting rec()rLl4 which ci)niiily with secti(In 386 of thL, Act dnLI for preparin% aLCOUI)ts wl)ILh give a triii, ai)Il lair view ()F Iht. slati. ()F IiFtdirs ()t tliÉ' cc)mpany as al the end of Ihc financial ycar and of its incL)min8 resvu and appliLaiii)n of resiiurce4, includijig 11.4 iniome anil I'xpenditurc, for the ffftancial yiar in accorLlanLL' Wlth IhL' rc'ilUiTL'ment% (If .sectiorLs W4 and .395 anil whic h olherwisv c(Imply with thl, requirL'mL'nt.s of the Q-unip(IIIIL% Act 21Xlh ri.Idlinx l() dl-L-()untS, s(i Ear applicalile li) Ilie ii)mp)any. These financial statements havL' ik*n prc'pared in accnrilance with IhL' provision5 &?nised when IhL"fL' is a lekpal ()r ionslructiVL' obligatinn lo pay. l.,xpcrKli￿re ha% i￿,C.n classified under hL'adings that ag&vri'￿TaIC. all ci)sls related ti) the cate.%i)ry. Where ci?s1.s Cilnnot bc. dircytly attributL,d t() particul(Ir hL'iidings they havl. I￿gn alluidtL'LI to activitlL)5 on a basis consistent with the us(, <)f thi, re50urci4. Ilesources expendoLI exclude atlributiible V A T, whiL h Lan l)Li fL￿l)vl,rL,a. 1.6 Fixed asset investment5 ixLI(l as.4et inve4tmt.nts are initially mibasuri'il al tran4acliDn price 1sx¢lucling ttanscl¢tl()n ros1.g. anLI are sub4'Lyuently mL&a4ured at faTr valui. at Lr any piir%i)ns ionne('Iixl with theni) r£'i'LIIVL'LI any r(Tiiiunerati(In i)r IXJnefit5 fri)ni IhL' 'I'rust durtng thi, yL'ar. Employees 'I'hero were nci Limpl(IyL*Li% during the yeilr. Company Registration No. 031Y20(M).S (England and Wale51 COLCHESTER & NORTH EAST ESSEX BUILDING PRESERVATION TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Nel sain8/llossesl on investments 2024 2023 l