Trustees’ Annual Report for the period
From: 29[th] November 2023 Period start date To: 28[th] November 2024 Period end date
Charity name: The Robey Trust Ltd
Charity registration number: 1089025
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To advance public STEM education in all aspects of the design, building, function, maintenance and operation of heritage engineering items, including steam engines, plant, apparatus and equipment and in particular engines made by Robey of Lincoln, and to this end acquire, restore, operate, preserve and display them for the benefit of the public. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
|
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | In all activities carried out in the year the trustees have had regard to the guidance on Public Benefit issued by the charity commission. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | |
|---|---|
| Para 1.38 | |
| Policy on grant making | |
| Para 1.38 | |
| Policy on social investment | |
| including program related | |
| investment | |
| Para 1.38 | |
| Contribution made by | |
| volunteers |
Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | Despite challenging circumstances of costly transport we attended and provided support to a number of local events in Tavistock and to events elsewhere in the Devon & Cornwall region. All these events raise money for various charities as well providing education and entertainment for the visiting public. Additionally, various visiting groups of enthusiasts had organised visits to our premises where stationary engines were demonstrated, a road engine was in steam and detailed brief on the products of Robey of Lincoln and steam traction were provided. Both the distant events and events held at our ‘works’ are in line with our status as an educational charity. |
Additional information (optional) You may choose to include further statements where relevant about:
Achievements against objectives set |
Para 1.41 |
|
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | There was a net cash inflow of £8,754.85 during the year. Closing bank balance was £26,568.29 comprising £12,289.43 in the Current Account, £1,666.72 in Cash and £12,612.14 in the Restricted Fund, which is primarily ring fenced for Stumbles’ boiler repairs but now also containing a smaller amount for the Tri- tandem (income from driving experiences) and £5,000 for interest earning purposes. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Steam vehicles require periodic repair works to boilers, which can be an irregular but significant outlay. The building requires ongoing maintenance works. Both of these require money to be held in reserve for the occasions that significant spending is required. |
| Amount of reserves held | Para 1.22 | |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | Events and donations |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | Inflation’s effect on running costs and the ability to keep up with this inexorable rise through fundraising etc. Access to quality steam coal allowing the continued running of the road steam fleet, the biggest attraction for the public. |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Memorandum and Articles of Association dated 30th May 2001. |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Limited company registered as a charity on 24th October 2001. |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | New trustees can be nominated for selection during the annual AGM, thus the membership is free to nominate a candidate, independent of the board. Trustees are required to stand for re- election every three years. Occupation of posts (chair, treasurer etc) decided by Trustees. |
| Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
Additional information (optional) You may choose to include further statements where relevant about: |
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | The Robey Trust Ltd |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1089025 |
| Charity’s principal address | The Works Parade Business Park Pixon Lane Tavistock PL19 9RQ |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| A Masters | Chair | |||
| H Edwards | ||||
| J Ayland | Secretary | |||
| B Edwards | Treasurer | |||
| J Turner | ||||
| G Skinner | ||||
| S Parrott | ||||
| S Ellis | ||||
– Corporate trustees names of the directors at the date the report was approved Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) B Edwards Full name(s) Bryan Edwards Position (eg Secretary, Treasurer Chair, etc)
Date
8/10/2025
The Ltd Robey Trust
Registered Office: The Works Parade Business Park Pixon Lane, Tavistock, Devon PL19 9RQ www.therobeytrust.co.uk
Supported by The Heritage Lottery Fund Registered Educational Charity No 1089025 A Company Limited by Guarantee No 4225304
Summary Income & Expenditure Accounts for Year Ending 28 November 2024
| Income | Expenditure | ||||
|---|---|---|---|---|---|
| current year | prior year | current year | prior year | ||
| Subscriptions | 839.00 | 786.00 | Engine Costs | 5,229.26 | 3,329.49 |
| Donations | 4,176.49 | 5,429.72 | Capital Expenditure | 1,242.00 | 0.00 |
| Steam Fair & Events | 16,205.50 | 11,556.09 | Premises Cost | 5,142.57 | 5,776.47 |
| Building Grants | 0.00 | 0.00 | Historic Artefacts | 0.00 | 0.00 |
| Restoration Grants | 0.00 | 1,612.38 | Steam Fair & Events | 4,505.00 | 6,983.34 |
| Loans | 0.00 | 0.00 | Administration | 237.41 | 157.39 |
| Merchandise | 1,000.00 | 1,134.39 | Consumables | 253.01 | 135.49 |
| Miscellaneous | 5,514.18 | 4,347.49 | Miscellaneous | 2,371.07 | 1,817.65 |
| £27,735.17 | £24,866.07 | £18,980.32 | £18,199.83 | ||
| Add Opening Balance | 17,813.44 | 11,147.20 | Funds | ||
| 45,548.61 | 36,013.27 | TSB Bank - Current A/c | 12,289.43 | 12,150.63 | |
| TSB Bank - Restricted Funds A/c | 12,612.14 | 4,712.55 | |||
| Less Expenditure | 18,980.32 | 18,199.83 | Cash in Hand | 1,666.72 | 950.26 |
| Closing Balances | £26,568.29 | £17,813.44 | £26,568.29 | £17,813.44 |
For the year ending 28[th] November 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Signed:
Director
Independent Examiner’s Report to the Trustees of The Robey Trust Ltd Charity no. 1089025
I report to the trustees on my examination of the accounts of The Robey Trust Ltd (the Charity) for the year ended 28[th] November 2024.
Responsibilities and basis of the report
As the charity trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I 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:
-
Accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
The accounts do not accord with those records.
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.
Ian Barrett FCA FCIE Barretts 22 Union Street Newton Abbot TQ12 2JS
23[rd] October 2025
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