THE BATTISHORNE TRUST CHARITY NUMBER: 1048821 ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025
The Battishorne Trust Charity number 1048821
Accounts for the year ended 5 April 2025
Contents
| Pages | |
|---|---|
| Trustees’ annual report | 1-2 |
| Statement of trustees’ responsibilities | 3 |
| Independent examiner's report | 4 |
| Receipt and payments account | 5 |
| Statement of assets and liabilities | 5 |
| Notestothefinancialstatements | 6-8 |
The Battishorne Trust Charity number 1048821
Report of the trustees For the year ended 5 April 2025
Registration The Trust is Charitable Trust governed by a Trust Deed dated 19 January 1995.
Registration number
1048821
| Principal/registered address | 5 Heron Gate Office Park |
|---|---|
| Hankridge Way | |
| Taunton | |
| Somerset | |
| TA1 2LR | |
| Board of trustees | F E Martin (resigned 2 June 2025) |
| P F Martin | |
| R J W Hartnell |
|
| E Underdown | |
| Bankers | CAF Cash |
| PO Box 289 | |
| West Mailing | |
| Kent | |
| ME19 4TA | |
| Independent examiner | N SmyACA |
| Westcotts (SW) LLP | |
| Chartered Accountants | |
| Queens House | |
| New Street | |
| Honiton | |
| Devon | |
| EX14 1BJ | |
| Solicitors | Everys Solicitors |
| 104 High Street | |
| Sidmouth | |
| Devon | |
| EX108EF |
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The Battishorne Trust
Charity number 1048821
Report of the trustees For the year ended 5 April 2025
The trustees present their report and the accounts for the year ended 5 April 2025. The trustees who served during the year and up to the date of this report are set out one page 1.
The accounts have been prepared in accordance with the accounting policies set out on page 6 of the accounts and comply with the Charity’s Trust Deed, applicable laws and the requirements of the Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP) and the Charities Act 2011.
Structure, governance and management
The rules for the appointment of trustees are set out in the trust document dated 19 January 1995 and the original trustees have full power to appoint new trustees as they deem appropriate.
Objectives and activities
The object of the charity is to support charitable works that benefit the inhabitants of Honiton.
Achievements and performance
The majority of capital of the trust is invested in the Stock Market. Investment income and deposit interest amounted to £15,919 and donations amounting to £13,000 were made to various charities during the year.
The value of the trust investments as at 5 April 2025 was £404,435. This value was decreased by £27,220 on the previous year.
Financial review
Reserves policy
Unspent reserves at 5 April 2025 were £65,986 and are considered adequate for the charity's objectives.
Risk management
The Trustees have assessed the major risks facing the Charity and developed appropriate procedures to mitigate and control those risks.
Public benefit
The trustees consider that the Trust's activities during the year satisfy the Charity Commission's guidance on public benefit. This has been achieved via a range of donations for all age groups of the community in the town of Honiton.
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The Battishorne Trust Charity number 1048821
Report of the trustees For the year ended 5 April 2025
Statement of trustees’ responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these accounts the trustees are required to:
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e select suitable accounting policies and then apply them consistently;
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e observe the methods and principles in the Charities SORP; e make judgements and estimates that are reasonable and prudent;
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e state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts; and
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e prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
On behalf ofthe board oftrustees YL)Z Date: 24. /{. 2S
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The Battishorne Trust Charity number 1048821
Accounts for the year ended 5 April 2025
Independent examiner’s report to the trustees of The Battishorne Trust
| report to the trustees on my examination of the financial statements of The Battishorne Trust (‘the charity’) for the year ended 5 April 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
| report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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e accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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e the financial statements do not accord with those records; or
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e the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
| 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.
Ss
N Smy ACA Independent examiner Westcotts (SW) LLP Queens House
New Street Honiton Devon EX14 1BJ
Dates OA\DNAS
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The Battishorne Trust Charity number 1048821
Accounts for the year ended 5 April 2025
Receipts and payments account
| Note | Income | Capital | Total | Total | |
|---|---|---|---|---|---|
| fund | fund | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Receipts | |||||
| Funds rebate | - | 38 | 38 | 55 | |
| Investments | 2 | 15,919 | - | 15,919 | 15,880 |
| Proceeds of sale of investment assets | 7 | - | 58.858 | 58,858 | 4,214 |
| Total | 15,919 | 58,896 | 74,815 | 20,149 | |
| Payments | |||||
| Charitable activities | 3 | 13,000 | - | 13,000 | 7,000 |
| Other | 4 | 64 | 10,717 | 10,781 | 9,629 |
| Payments for investment assets | 7 | - | 41.219 | 41,219 | 15 |
| Total | 13,064 | 51,936 | 65,000 | 16,644 | |
| Net receipts/(payments) | 2,855 | 6,960 | 9,815 | 3,505 | |
| Transfers between funds | - | - | - | - | |
| Cash funds at 5April 2024 | 39,975 | 16,196 | 56,171 | 52,666 | |
| Cash funds at 5 April 2025 | 42,830 | 23,156 | 65,986 | 56,171 | |
| Statement of assets and liabilities | |||||
| Cash funds at 5 April 2025 | 6 | 42.830 | 23,156 | 65,986 | 56,171 |
| Investmentassets | 7 | —- | 404435 | 404,435 | 431,655 |
Approved on behalf of the trustees
Trustee )FAAP Date: 2Y . //. 20 235
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The Battishorne Trust
Charity number 1048821
Notes to the accounts for the year ended 5 April 2025
1. Principal accounting policies
- 1.1. Basis of preparation The accounts have been prepared on a receipts and payments basis.
1.2 Incoming resources Investment income
Income from investment is included in the year in which it is received.
- 1.3. Resources expended Charitable payments
Donations to charitable causes are charged in the year when the payment is made.
Governance activities Governance activities comprise all costs incurred in running the charity itself as an organisation and its compliance with regulation and good practice.
Taxation
- 1.4 Under section 505 ICTA 1988 the charity is exempt from certain taxes. Full account is taken of tax credits attaching to gifts and qualifying donations.
Value added tax
The charity is not registered for value added tax. Irrecoverable value added tax is aggregated along with the expenditure to which it relates.
- Investment income
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Dividends | 15,701 | 15,695 |
| Interest | 218 | 185 |
| 15,919 | 15,880 |
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The Battishorne Trust
Charity number 1048821
Notes to the accounts for the year ended 5 April 2025
3. Charitable activities — Donations
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Honiton Primary School | 5,000 | 1,000 |
| Hospiscare | 5,000 | 3,000 |
| Honiton community Spaces | 2,000 | - |
| Honiton Hill Rally | 1,000 | - |
| Next Generation | - | 1,500 |
| Twin Tigers | - | 1,000 |
| Honiton Community Theatre | - | 500 |
| 13,000 | 7,000 |
4. Other — Governance costs
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Bank charges | 64 | 64 |
| Everys fees | 9,149 | 8,037 |
| Westcotts fees | 1,568 | 1,528 |
| 10,781 | 9,629 |
5. Staff costs
No employees were employed during the current year or preceding year. The administration of the charity is undertaken by Everys solicitors
No remuneration has been paid to the Trustees in either current or preceding year.
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The Battishorne Trust Charity number 1048821
Notes to the accounts for the year ended 5 April 2025
6. Reconciliation statement
| 2025 | 2023 | |
|---|---|---|
| £ | £ | |
| Capital cash balance | 23,156 | 16,196 |
| Income cash balance | 42,830 | 39,975 |
| 65,986 | 56,171 | |
| 2025 | 2024 | |
| £ | £ | |
| CAF Gold account | 5,684 | 5,684 |
| CAF Cash account | 36,596 | 33,709 |
| A J Bell Securities Income account | 550 | 582 |
| 42,830 | 39,975 | |
| A J Bell Securities Capital account | 23,156 | 16,196 |
| 65,986 | 56,171 |
7. Fixed asset investments
| 2025 | |
|---|---|
| £ | |
| Market valuation | |
| As at 6 April 2024 | 431,655 |
| Additions | 41,219 |
| Disposal proceeds | (58,858) |
| Loss on disposal | (14,576) |
| Unrealised profit | 4,995 |
| At 5 April 2025 | 404,435 |
| At 5 April 2024 | 431,655 |
| Cost | |
| At 6 April 2024 | 315,684 |
| Additions | 41,219 |
| Disposals | (44,053) |
| At 5 April 2025 | 312,850 |
| At5April2024 | 315,684 |
All investments held in the investment portfolio are securities listed in the UK.
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