REGISTERED COMPANY NUMBER: 03914029 (England and Wales)
REGISTERED CHARITY NUMBER: 1079947
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
FOR
THE POLTIMORE HOUSE TRUST
Withers Steele Chartered Accountants
6 Oaklands Court
TIVERTON
Devon
EX16 6TG

THE POLTIMORE HOUSE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of the Trustees
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8 to 13
Detailed Statement of Financial Activities
14

THE POLTIMORE HOUSE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
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 March 2024. 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
Purpose of the charity
The formal Object of the Poltimore House Trust is "To preserve for the benefit of the people of Devon and the
nation at large the building of special architectural and historic interest known as Poltimore House, and its
grounds and adjoining land forming part of the estate."
One of the great historic estates of Devon, Poltimore is listed by Historic England as Grade 2. and included in
the Buildings at Risk register. After the end of its use for various health~related purposes around 1980, the
House fell into disrepair and was subject to vandalism. It was saved from further decay by the formation of the
Poltimore House Trust.
Following the BBC Restoration programme in 2003, it attracted a large following of loyal Friends who formed
a separate charity (The Friends of Poltimore House) to support the work of the Trust. The 'Friends' do much
to help the Trust in raising the profile of Poltimore House, bringing visitors to the House and Grounds, and
raising funds:
Poltimore House has always attracted significant numbers of visitors including under the National Heritage
Open Days banner, and a diverse range of other arts and community events. For several years the Grounds
hosted projects to help disadvantaged people rebuild their lives, including major Public Heath funded projects
(which funded a new agricultural storage barn), and more recently Thrive and Grow, a horticultural and
community gardening project. There is scope for further expansion of such community and therapeutic uses
in the House and Grounds.
Public benefit
The Trustees believe that through work such as that outlined above, they carry out the Objects of the charity
for the public benefit. In making decisions they have had due regard to the Charity Commission's public
benefit guidance when exercising any powers or duties to which the guidance is relevant.
ACHIEVEMENT AND PERFORMANCE
Summary of the achievements
Poltimore House and Grounds are situated on the North side of Exeter, approximately 4 miles from the city
centre and within the Clyst Valley Regional Park. Poltimore House is included in the Buildings at Risk Register
along with some other prominent properties.
During the financial year 0110412023 to 3110312024 Poltimore House Trust continued to expand opportunities
for public aC￿sS through an increasingly successful events programme and the growing popularity of
Branches Café. A £50,000 grant from East Devon District Council secured during the previous financial year
enabled the complete refurbishment of the Chapel kitchen and led to a steady growth both in visitor numbers
and in income growth. The site is also being actively marketed as a venue for private events as part of the
Trust's business plan. In their verdant setting, the House and Grounds have become a cultural, recreational
and wellbeing hub for local communities, especially the rapidly growing residential developments in Westclyst,
Pinhoe and Cranbrook.
The Trust continues to benefit from close engagement with Historic England, East Devon District Council and
other stakeholder bodies. Poltimore House has an important place in the history of the South West, and is of
considerable architectural value. Its restoration as a focal point for communities, wellbeing, creative
businesses and the arts remains the Trust's principal focus. Trustees continue to develop a roadmap for the
restoration of the House, linked to a business plan to ensure financial sustainability, and providing a focus for
continuing dialogue with funding bodies and other stakeholders.
Strategic objectives for the Grounds include enhanced biodiversity and visitor experience as well as the
restoration of key historic features. A strong maintenance programme has been continued, and the volunteer
team continues to grow with new members being recruited with a variety of relevant skills.
Page 1

THE POLTIMORE HOUSE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Post Balance Sheet Events
There have been 2 non-adjusting events that have occurred since 31st March 2024. From the 1st April the
Branches Cafe has been licenced out to a third paty to run, whilst on the 8th19th April the House suffered a
major fire.
FINANCIAL REVIEW
Finance and governance
Trustees have overall responsibility for the financial management of the organisation. The Trust itself
continues to strengthen its skills base and has made several new appointments under the continued
leadership of its Chair (Dr Peter Totterdill).
The Finance and General Purposes Committee has continued to operate, providing Trustees with effective
governan￿ and assurance of financial probity.
The Trust benefited from private donations and legacies during the year, as well as enhanced visitor revenue
from the Café and events. It is also supported by additional funds raised by The Friends of Poltimore House.
Expenditure is constantly under review to ensure sufficient funds are available to deliver regular maintenance
and targeted improvements, as well as discharging the Trust's other responsibilities. Having considered the
financial situation, the Trustees have reasonable grounds to expect that the charity will continue operating as
normal for the foreseeable future and be able to meet its obligations as they fall due.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited
by guarantee, as defined by the Companies Act 2006.
Poltimore House Trust is controlled by its Memorandum and Articles of Association, and constitutes a
Company Limited by Guarantee as defined by the Companies Act 2006.
The Trustees, who are also directors of the Charity for the purpose of the Companies Act 2006, present their
report and financial statement for the year ended 31 st March 2022. The Trustees have adopted the provisions
of Accounting and Reporting by Charities: Statement of Recommended Practice as applied to charities
preparing their accounts in accordance with the Financial Reporting Standard (FRS 102) applicable in the UK
and Republic of Ireland (effective 1 January 2015).
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03914029 (England and Wales)
Registered Charity number
1079947
Registered office
Poltimore House
Poltimore
Exeter
Devon
EX4 OAU
Page 2

THE POLTIMORE HOUSE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Professor P J Totterdill Director
K Weedon (resigned 191212024)
D A McEwan (resigned 11312024)
Ms R J Exton
Mrs A V Brett-schneider Communications I P R Professional
N Bishop Heritage Director
D J Snell Company Director (appointed 221412023)
R A Barton Project Manager (appointed 191212024)
A F Alder-westlake Director (appointed 131912023)
Independent Examiner
Withers Steele Chartered Accountants
6 Oaklands Court
TIVERTON
Devon
EX16 6TG
Approved by order of the board of trustees on .
Professor P J Totterdi
- Trustee
Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE POLTIMORE HOUSE TRUST
Independent examinerfs report to the trustees of The Poltimore House Trust ('the Company,)
I report to the charity trustees on my examination of the accounts of the Company for the year ended
31 March 2024.
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 carying out my
examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the
2011 Act.
Independent examinerfs 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:
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 with those records; or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Ad 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
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 COn￿rnS 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.
William Withers & Co. Ltd
Withers Steele Chartered Accountants
6 Oaklands Court
TIVERTON
Devon
EX16 6TG
Date: .......
Page 4

THE POLTIMORE HOUSE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted
fund
Restricted
funds
IRF Fund
Notes
INCOME AND
ENDOWMENTS FROM
Donations and legacies
28,398
28,398
125,164
Other trading activities
21,291
21,291
7,128
Total
49,689
49,689
132,292
EXPENDITURE ON
Raising funds
38,977
4,821
43,798
114,455
Charitable activities
Charitable Activities
29,210
1,123
2,649
32,982
Other
3,416
3,416
149
Total
71,603
1,123
7,470
80,196
114,604
NET
INCOMEI(EXPENDITURE)
Transfers between funds
(21,914)
15,232
(1,123)
(9,280)
(7,470)
(5,952)
(30,507)
17,688
12
Net movement in funds
(6,682)
(10,403)
(13,422)
(30,507)
17,688
RECONCILIATION OF
FUNDS
Total funds brought forward
75,016
84,386
28,230
187,632
169,944
TOTAL FUNDS CARRIED
FORWARD
68,334
73,983
14,808
157,125
187,632
The notes form part of these financial statements
Page 5

THE POLTIMORE HOUSE TRUST
BALANCE SHEET
31 MARCH 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted
fund
Restricted
funds
IRF Fund
Notes
FIXED ASSETS
Tangible assets
85,392
55,106
14,807
155,305
155,447
CURRENT ASSETS
Debtors
Cash at bank
806
23,686
806
42,564
7,497
68,497
18,878
24,492
18,878
43,370
75,994
CREDITORS
Amounts falling due within
one year
(9,442)
(9,442)
(9,260)
NET CURRENT ASSETS
15,050
18,878
33,928
66,734
TOTAL ASSETS LESS
CURRENT LIABILITIES
100,442
73,984
14,807
189,233
222,181
CREDITORS
Amounts falling due after
more than one year
10
(32,108)
(32,108)
(34,549)
NET ASSETS
68,334
73,984
14,807
157,125
187,632
FUNDS
Unrestricted funds
Restricted funds
12
68,334
88,791
75,016
112,616
TOTAL FUNDS
157,125
187,632
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for
the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended
31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitsble company keeps accounting records that comply with Sections 386 and 387
of the Companies Act 2006 and
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.
The notes form part of these financial statements
Page 6
continued...

THE POLTIMORE HOUSE TRUST
BALANCE SHEET- continued
31 MARCH 2024
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
../J.-L.Péa/ 703+. and were signed on its behalf by:
P J Totterdill - Tru
ee
The notes fom part of these financial statements
Page 7

THE POLTIMORE HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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.
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. Vlthere costs cannot be directly attributed to particular headings they have been
allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life.
Plant and machinery
Motor vehicles
15 % on reducing balance
25 % on reducing balance
Taxation
The charity 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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight
line basis over the period of the lease.
Page 8
continued...

THE POLTIMORE HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
OTHER TRADING ACTIVITIES
31.3.24
31.3,23
Fundraising events
21,291
7,128
RAISING FUNDS
Investment management costs
31.3.24
31.3.23
Propety maintenan
43,798
68,331
NET INCOMEI(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.24
31.3.23
Professional fees
Depreciation - owned assets
Machinery expenses
2,000
8,476
12,100
5,427
3,492
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the
year ended 31 March 2023.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended
31 March 2023.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
funds
Total
funds
IRF Fund
INCOME AND ENDOWMENTS FROM
Donations and legacies
75,165
(1)
50,000
125,164
Other trading activities
7,128
7,128
Total
82,293
(1)
50,000
132,292
EXPENDITURE ON
Raising funds
94,142
1,321
18,992
114,455
Other
(2,629)
2,778
149
Total
91,513
1,321
21,770
114,604
NET INCOMEI(EXPENDITURE)
(9,220)
(1,322)
28,230
17,688
Page 9
continued..

THE POLTIMORE HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
fund
funds
Total
funds
IRF Fund
RECONCILIATION OF FUNDS
Total funds brought forward
84,236
85,708
169,944
TOTAL FUNDS CARRIED FORWARD
75,016
84,386
28,230
187,632
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Freehold
propety
Plant and
machinery
COST
At 1 April 2023
Additions
125,636
48,861
5,285
240,001
At 31 March 2024
125,636
54,146
240,001
DEPRECIATION
At 1 April 2023
Charge for year
20,647
5,028
240,001
At 31 March 2024
25,675
240,001
NET BOOK VALUE
At 31 March 2024
125,636
28,471
At 31 March 2023
125,636
28,214
Motor
vehicles
Computer
equipment
Totals
COST
At 1 April 2023
Additions
21,263
577
436,338
5,285
At 31 March 2024
21,263
577
441,623
DEPRECIATION
At 1 April 2023
Charge for year
19,666
399
577
280,891
5,427
At 31 March 2024
20,065
577
286,318
NET BOOK VALUE
At 31 March 2024
1,198
155,305
At 31 March 2023
1,597
155,447
Page 10
continued...

THE POLTIMORE HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31,3.24
31.3.23
VAT
Prepayments
3,822
3,675
806
806
7,497
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Other loans (see note 11)
Social security and other taxes
VAT
Accrued expenses
5,937
575
1,652
1,278
8,490
770
9,442
9,260
10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24
31.3.23
EDDC mortgage
32,108
34,549
11. LOANS
An analysis of the maturity of loans is given below:
31.3.24
31.3,23
Amounts falling due within one year on demand:
AHF Loan
5,937
8,490
12. MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.3.24
At 1.4.23
Unrestricted funds
General fund
75,016
(21,914)
15,232
68,334
Restricted funds
Saloon Fund
Hub Training fund
PHE Grant
CCTV Fund
IRF Fund
18,878
1,516
54,712
9,280
28,230
18,878
1,289
53,817
(227)
(895)
(9,280)
(5,952)
(7,471)
14,807
112,616
(8,593)
(15,232)
88,791
TOTAL FUNDS
187,632
(30,507)
157,125
Page11
continued...

THE POLTIMORE HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
12. MOVEMENT IN FUNDS- continued
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
49,689
(71,603)
(21,914)
Restricted funds
Hub Training fund
PHE Grant
IRF Fund
(227)
(895)
(7,471)
(227)
(895)
(7,471)
(8,593)
(8,593)
TOTAL FUNDS
49,689
(80,196)
(30,507)
Comparatives for movement in funds
Net
movement
in funds
At
31.3.23
At 1.4.22
Unrestricted funds
General fund
84,236
(9,220)
75,016
Restricted funds
Saloon Fund
Hub Training fund
PHE Grant
CCTV Fund
IRF Fund
18,878
1,784
55,766
9,280
18,878
1,516
54,712
9,280
28,230
(268)
(1,054)
28,230
85,708
26,908
112,616
TOTAL FUNDS
169,944
17,688
187,632
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
82,293
(91,513)
(9,220)
Restricted funds
Hub Training fund
PHE Grant
IRF Fund
(268)
(1,053)
(21,770)
(268)
(1,054)
28,230
(1)
50,000
49,999
(23,091)
26,908
TOTAL FUNDS
132,292
(114,604)
17,688
Page 12
continued...

THE POLTIMORE HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
12. MOVEMENT IN FUNDS - continued
Balan￿S on the restricted funds Hub Training Fund, PHE Grant and IRF Fund represent assets
created with these funds.
13. RELATED PARTY DISCLOSURES
There were no related paty transactions for the year ended 31 March 2024.
Page 13

THE POLTIMORE HOUSE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
31.3.24
31.3.23
INCOME AND ENDOWMENTS
Donations and legacies
Gifts
Donations
Gift aid
Grants
Hire of house & grounds
7,784
334
3,942
16,338
21,229
675
96,250
7,008
28,398
125,164
Other trading activities
Fundraising events
21,291
7,128
Total incoming resources
49,689
132,292
EXPENDITURE
Investment management costs
Property maintenan
43,798
68,331
Support costs
Management
Machinery expenses
Rates and water
Subscriptions & insuran
Light and heat
Telephone
Sundries
3,492
1,291
3,845
18,618
696
785
12,100
1,172
4,223
15,070
1,027
28,727
33,592
Finance
Bank charges
58
Other
Plant and machinery
Motor vehicles
5,028
399
5,012
3,464
5,427
8,476
Governance costs
Professional fees
Postage and stationery
Accountancy and legal fees
Bank interest
Bank loan interest
2,000
180
1,265
760
1,786
400
2,186
4,205
Total resources expended
80,196
114,604
Net (expenditure)lincome
(30,507)
17,688
This page does not form part of the statutory financial statements
Page 14