".IC Jli
JIAt'. l < * .1 q!TJ'.
TlqJ*¥i_
i(11!l.AU
<0% H?QAhl IE Q3CIi,. g Jl-.V
. I rJi kioj
EXEfER Hwfoiiic BUILDINGS TRUST
YEAR ENDED 31,MARCH 2022 1 n ", ., .
I￿*￿1
Ibe
-Ji
ioVI
IINIIIIII
*A8)&ctW'
2111212022
COMPANIES HOUSE
A39

EXEfER HisfoFUC BUILDINGS TRUST
YEAR ENDED 31 MARCH 2022
T2UIIT 2aillqlllLia ?IAOT2IH Fi3fax3
(091n￿OU￿ yd ￿lIMi{ ynoqmo) Al
2TV13M3TATa JAiaVSAMR (i¥nouAVIU
Legal and AdministrknveUirfomiation'.43 AA4Y
Trustees. Annu81 Report
24
Ind•pendeM Examinef 5 Awrt
Statement of Financiol Activities
Balanco Shoot
7-8
Notes to iho Financial Ststements
16

EXETER HISTOIIIC BUILDINGS TRUST
LEGAL AND ADMINISTRATIVE INFORW4noN
YEAR ENDED 31 MARCH 2022
CHARfYY NAME".
Exeier Historic Buildings Twst
REGISTERED CHARrrY NUMBER:
1054232
REGISTERED COMPANY NUMBER: 3176516
REGISTERED OFRCE:
21 The Mint
Exeter
Devon
EX4 38L
CURRENT TRUSTEES:
James Clark
Jo Stnclair
Katherine Chant
P8uI Ch8nt
Nicholas Scott
David Radstone
Richard Parker
Lorraine Arrell
Ben Clapp
Sandra Ellison
Jon Bell
Clare Maudling
(Chgirl
Ivice-chairl
Iresigned 15102120221
(appointed 06101120221
(resigned 15102120221
Iresigned 3010812022
(appointed 30108120221
INDEPENDENT EXAMINER:
S S Cann ACA FCCA CTA
Bush & Co Limited
2 Barnfield Crescent
Exeter
Devon
EX1 IOT
BANKERS:
Bank ot Scotland
33, Old Broad Street
London
BX2 1LB

EXEfER HISTORIC BUILDINGS TRUST
REpoKf OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 21)22
The trust8as, who are also Directors of the charity for th¢ purposes of the Companies Act 2006.
present their report with the financial statsments ofthè ch8rity forthe year ended 31 March 2022.
rhe financial statements have been prepared in accordance with the accounting policies set out
on pages 9 and 10, the Memorandum and Articles of Association. the Charities Act 2011, the
Statement of Recommended Pr8Ctice'. "Accounting and Reporting by Chariti¢s" Financial
Reportiftg Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January
2019 (Charitie$ SORP IFRS 1021. and with the Financi81 Reporting Standard applicable in the
United Kingdom and Republic of Ireland IFRS 1021 and the small Comp8nies regime (section 419
121 of the Companies Act 2006.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Exeter Histori¢ Buildings Trust is a company limiled by guarantee incorpor8ted on 22 March 1996
and a registered charity governed by ils Memorandum and Articles of Association. The directors
ol the chaTiiable company I'the charity'l are its trustees for ihe purpose of charity law and
throughout this report are collectively referred io as the trustees. Under the Articles of
Association at the Annu81 General Meeting one third of the trustee$ shall relire from office and
be eligible for ro-el¥ction. Trustees are appointed by the Board of Trustees which number
between 5 and 10 members.
Tha trustees who served during the year and up to the date the réport was approved are as
follows:
James Clark
Jo Sinclair
Katherine Chant
Pavl Chant
David Radstone
Nicholas Scott
Richard Parker
Lorraing Arrell
Ben Clapp
Sandi Ellison
Jon Bell
Clare Maudling
Ichairl
(Vice-chairl
ISe¢retsry to 151h February 20221
IA¢ting Treasurer to 51h January 20221
(Treasurer from ￿ January 20221
(to 15th February 20221
(from August 20221
(from 30th August 20221
RISK REVIEW
The irustees have assessed the major risks to which thg charity is exposed and ore satisfied that
gwems are in place to mitigate our exposure to the major risks. An as$e$sment of ftr8 risks has
been made and a written statement prepared and issued to Trustees and Open Day Stewards.
OBJECTIVES AND AcnvmES
The object for which the Trust is estsblished is to preserve for the ￿nefit of th8 pèoplè of Exetpr
nd of the nation at large whatever of the English historical architectural and constructional
heTltage rnay exist in and around Exeter in the form of buildings Iwhieh expression shall for these
purposes include any building as defined by se￿10n 336111 of tha Town and Country Planning
Act, 1990 8nd also any garden or plant or machinery irrespective of whether it is associated with
buildingl of beauty or historical architectural or construrfional interesi or ancient rnonumerns.
The trustee5 have noted the Charity Commission guidanee on public benefit. The ongoing
maintenance work completed on 21 The Mint continues to provide benefit to the public through
the preservation and restoration of these buildings and stimulating historical and architectural
int8rést. The regular heritage opening days continue to educate the public in the local history of
the area.

The major events of the year 2021r2022
The year was dominated bythe Covid-19 outt)reaL vthi(* led to the suspension of many
nomial activitses and the closure of St Nitholas Priory to the public for the majority of the
year.
In July 2021. the Tmst was awanled a 3 year grant from the National Heritage Lottery
Fund to allow the Trust io continue to contribute to the wellbeing of the people of Exeier
as a Community wjtre and to engage ftew and harder t(1 reath audiences through
schools. thildren's activwties embedding dimate change and using stories involving
"monastic" related topics such as food and medicine. This grant also ensures that the
long-term programme of conseN*ion and protection of the fabric of the ￿lory is
continued. upgrading environmentsl monitoring systems and addressing ihe r￿d for
repaifs to windows whilst curaling and conlexlualising the Signifi￿nt collection of stone
fragments.
TheT￿￿r$fiTr8nea9Were sustsined by emergencyhjnding frnm NHLF. Governmenl and
from Heritage England totslling £117.879. This enabled us to keep staff on. purchase
equipment to improve Ouf operations on r*opening. fund structural repair5 and
contfibule lo the new heating and IT S￿emS. Other. non*mergenLy. funding PTovided
the major c4)ntribution to the air-sourced heat pump system and the IT broadband
introthicul in the we￿ Raroe of the Priory.
Most of the planned wogTamme of tslks wntinued. but remotely over the intemel and
free of charge for most of the p¢Tiod urtil eaTly 2022 when the Plioryopened to the public
again.
In spile of the challenges with Covi&19. membetship subscyiptions held up well. in ta
slightty incteasing to ￿￿)0.
Ivll
The Trust conlinues to attend to the ry)￿1ne maintenan(x needs of the fviory 4*iih
expenditure under this hea(fing totalling c. £S.(M)O in the year.
The charity made 8 surplus in the year of n6.16012021 ~ sury)lus £76298).
Totsl in¢ome fell by 23% compared to the p￿VIouS year this is the result of stgniffcant grant
income last year.
Total expenditurn increased by 9% compared to the previous year.
Total funds at the year-end amounted to £250.701. of which is held in restrided funds.
The Trust seeks to maintsin sufficient re¥erve5 to tover unexpected property maintenan
eXpendi￿re along with reseTves to cover losses whlch may arise due lo rental void periods. The
Trustees have detefmined thal a reserve of £21.(X)O is appropriate plus approximately 6 months
rentsl income of £9.IX)O so thetsrget reseNe is £30.(#XI.
Atthe year end the tru￿ had rnsems totslling £37291. (Net vJTwent assets less restri¢Aed funds).

INDBIENDEPIT EXAMINER
A resolutiork will be proposed at the AThrwal General Meeting that Bush & Co Limited. Chartered
Accountants be rtrappoinied to the Charity forthe next year.
The trustees {who awe also the dirertors of ExeteT Histowic Buildings Trust) are resFX)nsible for
preparing the annual report and the accounts in accordance wilh applicable law and regul*ion
Company law requires tt* diiecicrfs to prepart financial sMemeThts for each financial year.
Under that law the diredors have eEe¢ted to prepare the financial statements in accordance with
United Kingdom Generally Accepied A¢counling Practice. Under comparby law the directors
must not approve the financial slatements unless they are satisfied th* they give a true at)d fair
view of the state of aflairs of the charitable company for that period. In preparing these financial
sLitements. ts direcknrs are rewired to:
observe the methods and principles in the Charities SORP:
ake judgements and e￿iMate5 that are reasonable and Pnmlent and
prepare the financial statements on the going ￿nCern basis unless it is inappropriate to
presume th* the charity will cominue in busines&
Thediieclors are responsiblefor keepiry adequate ac¢ounting rec(vds thal are grfficient to show
and explain the compan*s Ifartsactions and disdose with ￿sonable alxuracy at any lime the
financial position of the charitable ￿rnPany and io enable ihem io ensure ihat the financial
statements comply with the Companies Act 20￿. They are also responsible IOT safeguarding
Ihe assets of ihe charitable ¢xJmpany and hence for takirMJ reasonable steps for the prevenlion
and deteclion of fraud and other itregularilie&
This Teport. which have been prepared in acconlance with the PTovisions in the Companies Act
2006 relating io small companies. was approved by the trustees on .. .........-..............-.....and
signed on their behalf by.
J Clark

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
EXETER HISTORIC 8UILDINGS TrUST
I report to the ch?rity trustees on my examination of the accounts of the Company for the year
ended 31 March 2022. which are set out on pages 6 to 16.
Responsibilities and Basis of Report
As the charity's trustees of the Company land also ils directors for Ihe purposes of company lawl
you are responsible for ihe preparation of the accounts in accordanc8 Wlth the requirements of
the Companies Aet 20061'the 2006 A￿.1.
Having satisfied myself that ihe 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 resped of my
examination of your ¢harity'S accounts as carried out under section 145 of the Charities Act 2011
I'the 201 l Act'l. In carrying out my examination I have followed the Directions given by the
Charity Commission under sertion 145151 Ibl of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. l Confirm that no matters have come to my attention in
connection with the examination giving me cause to believe..
accounting records were not kept in respect of the Company as required by section 386 of
the 2006 act; or
the accounts do not accord wilh those reeordg; or
the accounts do not comply with the accounting requirements of $￿tIOn 396 of the 2006
A￿ oiher ihan any requirement that the accounts give a 'true and fair view which is not a
matter considered as part of an independent examination: or
the accounts have not been prepared in a¢¢oTdance with ihe methods and principles of the
Siatemeni of Recommended Practice for accounting and reporting by charities (applicable
to charities preparing their accounts in accordance wilh the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 10211.
I have no eoncems and I 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 undetstanding of the
accounts to be reached.
S S Cann ACA FCCA CTA
Bush & Co Limited
Chartered Accountants
2 Bainlield Crescent
Exeter
EX1 1QT

EXETER HISTO￿ BUILOINGS TRUST
IIKLiJOING INCOAIE AND EXPEpayrrvREACCOUFffj
FwnJ5
Furd
Dtsnationsand
tha￿tab￿ACti￿tsÉS
Irhvestrnem ￿n￿ME.. Bat&ihierest
13Y•
24.142
47
37J49
196.311
19425fj
24M2
47
TOTO
S&139
21IASO
charitablE￿I￿l￿Os
70J76
64.77fj
14152
TOTAL
79Jl0
147Ag8
64.7F6
135.152
1152371
91
16
126217
112&2171
IM
1&160
IX6821
7&
91JSl
158243
23i116
202.361
32.1
234.541

COWANY NUPa8ER 3176516
Tangible assets
124724
678￿
Investrnents
T27.115
743570
Debtorn
Cash at Bank and Building Souety
10
16.150
48.010
41.753
64.160
UABiimES
Creditors: Amounts fallin9 within
one year
11
125
38%12
uA￿UllES
781911
than one year
12
15312401
15478411
ZAI.701
234541
Restricted income Funds
Unre5tFiCted Funth
16
16
17535
Z33.166
32.180
202J61
234.541
For the year ending 31 March 2W4 the tharitsble (Xmnpany erfided to exemwion from audit
under section 477 of the Cofflpanies Art 21Th relatirwJ to small mmpanie&
The notes on pages >16fomi an integral part of these a¢thurts.

COWANY IWPdlBER 317ffj16
The member5 have re(yJired the charitable company to obtsin an audit of its ac￿lunts
forthe year in question in a1Xx>rdan￿ with se¢bon 476 ofthe Companies Acl- however in
8CCOTdarKe with section 145 of the Chaiities 2011 the accounts have been examined
by an independent examiner ￿ report appea￿ on page 5.
The twstees acknowledgetheir respM)nsibilities for complying with the rewirements ofthe
These financial statements have been prepaved in ￿o￿lanCe with the provI￿nS applicable io
companies subject to the small companies. regime and with the FRS 102 lelfective January 2019)
.. and signed on their behalf by.

Reporting by Chariti￿. Statement of ￿1￿Mmended Prathice applicable to charii•es
preparing their actounts in arxOn1an￿ with the Finant4al Reporting Standard
applicable in the UK and Republi¢ of I￿and IFRS 1021 leffel11￿ l January 2019) -
(Chrilies SORP IFRS 10211. tile finanual Re[￿lIng Standard applicable in the UK and
Republic of Ireland IFRS 1021. The finarKaal ststements have also been prepared with
the Charities Act 2011 and the small Companies regime (s￿10￿ 419 121 of the
Companie5 Art 211
As5etsand liabilities a￿ inilialty recognised athistori(a ¢mtortransa(*i(mvalueunless
otheTrTh st*ed in the rdevant a(X￿nting poliry notelsl.
Exeter Historrc ￿11￿￿9$ Tnjst T￿￿ets thedefinibon of a public benefft entity under FRS
101
b) ITrc4Mie
All 4￿me is induded in the statem￿01 Financial A(*1vIb￿ vthen the chaiity is legally
entiued to the irwme. receipt is wobable and the amourrt can be quanttfied with
All expeThJiture is accfjvrkled for on an a(xwals basi
Chatitable a(*ivIl￿ comprise all costs ingjrred by the charity in the delivery of ts
F￿ed assets are stated at u)st less ac￿Mulated deprecialion. F￿l￿rns and ffttings and
equipment have been dep￿lated at 15%0ftt￿IT￿IIteTh down valueand are tapitslised
where amojjnts exceed £5(W). ConwuteT equipment has been depr￿lated at 25% on
straight line basis and Is captslised kn amounts exc￿ £5￿.
Ihere donated hwitsge assetscannot be reliabty valued.they are not rewgnised inthe
Building improvu•wts are being d￿jated over their uselul life of 50 years on a
straight line baw&
Debt0￿ are measuY&l on inilial reu)gnition at the settlerneftt amount after any
discounts. Prnpayfflwts are valued at the amount prepaid r*t of any lrnde dis(x)unts
du&
91 Cash at bank
Cash at bank induts shorttemi highlyliquid Investm￿ with a short maturityofthree
months or Itss from the date olacquisition oropening ofthe depositorsimilar account.

credito￿ are recognised when the chaiity has a presentobligalion rewhing from a past
event th* will probably resuh in the tranthr of funds to a thi￿ party and the amount
due to settle the obligation can be measured or eslimated Teliably. Creditors a
noTmaty recognised at their settlemert amourt afterallowing for any trad8 discounts.
Grants relating to as¥ets arn inilially deferTed. and subsequently rewgnised in income
Funds l￿d by the charity aw.
These are funds that not subiecl io any rnstr1th1￿￿ regarding their use and a
available foK application within the charitsble obierts for the general pbJry)oses of the
thaiity.
obJ￿ts of the charity. Restrirtions arise when spetsfied bythe donororwhen thefvDd5
are raiwj for parti¢ular wjypo
Thechaiity only ha$fina￿lat a￿and ￿bilItIeS0f a kind thatqualify as basicfinancial
Inst￿men￿ Basi¢financial inslruments are tnitialty recognised attransaction value and
The trU￿ee$ consider there arn no material u￿ertainl1es about the charirfs ability.to
10

t3IftAd&GItt￿d￿￿￿00￿thmS*￿
15$311
15
16QS11
IX256
¢7Q
612
Inro
17.131
Inlur4ru-71
Wot•r
572
Ithco
dmlnlstmlwco
1P
SUbKrfp￿0
$1
133
PT•El•tlon trèTg
70Jn
1*.152

Al**
The charity is a company limited by guarantee and has no share capital. The liability of each
member in the of *inding up is limiled to £5.
As a charity. Exeter Histoiic Buildings Tru* is exempt from lax on income and gasns
generdted by the ￿MpanY to theextentthatthese areapplied to its chayitsble pu￿0$e* No
tax charges have arisen in the charity.
At l April 2021
Additions in the year
139343
18.030
16316
763
1￿227
24.793
At 31* Marth 2022
157973
a079
185mO
At 1 April 2021
Charge lor year
35.503
23.047
19.722
At 31st Marth 21Y22
1479
58.550
NEf BOOK VALUE
At 31st M•ffh 21122
111.761
13220
126A70
At31st Marth 2021
1114&3
1481
124.724
21 The Mint- 125 years from al a nolional ienL
St NiclM)las' Priory- 99 yeavsfrom 2018 at a ThAional rent
. As the tsjildings are historK assets. inft)m￿1w rtlating kntheiroriginal cosl is notwailable
' aftd il is very diffi￿11 to pla￿ valuations on them. The original lease has therefore bee
12

21 The Mirrt was restored over a seven year perTod. (knr this PeT￿l. the cost of the
r￿oratiOn amounted 10 £910j1￿ of whith £830.058 has I￿Tr paid for fr(*m graTr￿ The
osts have been eapitalised as an impn>venwt to a heritage asset. and the improvemerts
are being depreci*ed over a 50 year peiiod. The grants relating to this work were lnilially
Carrying amount at l April 2021
Depreciation
618.845
11&201)
There have been no other trans•#i¢)ns overthe I￿ S yeats ￿Ing to heritage assets other
than those dewibed abo
Tbe Trust has beneficial ownership of the ordinary share ca￿1 of EHB￿￿ Enterprises
Limited. This one ordinary share was purC1￿Sed for ll.
Prepayments
EHBPT Enterprises Limited
Grants re￿Ivable
Gift Aid
Event and Public•ions in¢¢
Other debtors
2812
' 6.455
31￿3
1&150
11.
5.7
7512
Atxruals
16.&)1
16.&)1
531240
547041
13

Ex¢eptformatteTS reported in Note 15 no remunerntion I*Wor Indi￿<￿•t of thefunds
of the chaiitywas paid or p•/ablefortheyearlo any In￿or￿ person orpewsons known
lo be connthd wilh any ofthem.
There were no Iwsiees. expensts paid for the ￿ ended 31 March 2021 nor for the year
ended 31 Marth 2021.
There is a legal charge of £W held bYArthi*￿fdI H￿trge Fund on 21 The MinL
1& RELATED PAffnES
EH8PT Ente￿liseS Limiled was cr&*ed as a sutsirfiarycompany to take a long lease on the
2 dwellings created in 21 The Minl. This T￿*1VeS Tent fmm a third party and it pays rent to
Any pmffts rnlained by EHBPT Enterprises LiMi￿d are paid to ts TntsL No proffts were
t•ained by EHBFT Ente￿riSeS Limited in the last financial year. £l.IMIO wa5 ovAd by the
Company to the Tw* * 31* March 2022.
Both. Paul and Katherine Chant seNed ￿ difec%ors of EHBFf Enterprises Limited during the
14 was paid thring theyearto Devon & Exaer Medical Heritsge Twsl IDEMHI to deli%¢r
a medical heritage education progrdmme at the Priory. l)avid Radstone is Chair of Devon &
Exeter Medical HwTtage TrusL
Fund
Balance5
Fund
Bdances
"St Nicholas ￿lory CRF
NLHF
ERSX
Physic Garden
Thriving Communities
24
(4.158)
136J71)
S5￿ 120.019)
11.095)
(6.545)
113.530)
7242
1.112
7.776
127.563)
4750
General
202J61
q79J101
41358
233.166
234541
161ffi8 1147.498)
250.701
ExpendI￿[e ¢Orfinued to be spent on the Priory and new fiX￿re$ and fftiings of ll3.530 ￿ere
capitslised in the year and transferred tt> unrestri(thl
A grant of f37A83 from the National Lottery for Heritage Wds received in the year. As explained in
the Report of theTn￿ees. this relates to a 3 year pwojeLt with a maximum total grant awarded by
the end of the project of E246AM). This grant is bthng ￿e1Ved over the life of the project and
claimed as expenditijre is incurred.
14

The majo. r pjrposes of the grant ale ttr.
Seek to rfrengage wilh. our audiences irkpetson and digitslly irKJudiw usiThJ our
outdoor Spa￿ for perf0Mar￿S.
' Start a three year Nvellbeing- program￿* induding (wrmodern medi(inal garden. memory
cafe. autism sessions and mental health:
Engage with new and harder to reath audiences thnwgh school& thildren's activities
embedding climate change. usiry stoiies invofving Imnastirf Yelated lopics such as food
and medicine: and
Ensure the long.tenn progrwnme of conseN*ion and protection of the fa￿1¢ of the
Priory is ￿)ntInued. upgrading envtn)nmentsl monitoring sy*ems and addressing the Tre
for repair5 to *iThJovrt" ojraling and ¢4)nteX￿alls1ng the significarrt collecti(m of s￿￿e
fragments.
A grani of £55258 froni the Nattonal Lottery Heiitage Fund wa5 received in the year relating to
support to enable the Priory to reopen to the public. Monies were used to employ new staff.
purchase a new alarni"system and computer equiprnit. £20JKI of the grant was also
transfeTred to uDrestriGled as the grnnt induded this in(x)m8 to t*Jild up Tnjst resems.
TheThriving Commvnitres fundwas spent in theyearwith the remaining balance of £265 agreed
to"transfer lo unrestiided.
Belween Balances
St Nicholas Priory CRF
Furnishing Ser¥ery
Intem
Physic Garden
Thrrving Communities
66m 143.448
I￿163>
24330
(5.0001
613
16131
4.750
4.750
General
91.381
55.139
170276)
126.217
202.361
158243
211.450
1135.152)
234.541
15

17. ANALYSIS OF FUPXIS
Funds .
Tots
727.115
60241
727.115
78.n6
I23￿0)
1531240)
CUr￿nt Assets
Creditots: Due within one year
Creditors". Due after more than one year
18535
15312401
17.535
233.166
250.701
743.570
26.108
{19A76)
(547.841)
743.570
64.760
{25J481
15470471
Current Assets
Creditors: Due within one year
Creditots: Due after rnore than one year
38.052
IS￿2)
32.1
202.361
234.541
16