To manage projects for the benefrt of the community
Chalrnian's re
rt forAGM held 18th June 2026
General
Th8 Trust has had another year of chang8 With the r8tir8m8nt of our last long standing twsle8. 1
would like to tak8 this opportunity to thank all our previous trustees for their hard work over the
years for the benefit of this community. We have spent the last 12 months undertaking a thorough
review of the trusts govemance and financial control proceduras, this is now complet8. l am
delighted to report that we now have 5 trust88S With Jo Backhouse and Nick Lovell joining and are
busy planning for Ihe next 12 months and beyond.
Preparatlon of Accounts
This year's accounts hav8 been prepared on a Receipts and Payments basis as per Charity
Comrnission Guidance. The Trust leases the Market Hall from North Devon District Coun(al and
sublets to tenants. In Ihis way, the Trust generates incoma in its M8rt(et Hall account. Th8 value of
leasehold premises is reduced by £4.675 pa which is by straight line depreGiation over the remaining
term of the lease. Debtors and Creditors are not significant and are not shown in the Charity
Commisslon retum but are notgj in the management accounts. Individual operating bank accounts
are held as either unrestricted or restricted funds according to the purpose of the funds allocated or
donated. Full details are shown in the accounls presentèd to Trustees. The accounts are also
examined by a suitably qLbalrfi8d individual as required by Charity Commission regulations.
Mark•t Hall
Thg Marf(et Hall continues to have three tenants, Libraries Unlimited, Jonny Bowdan Fitness and
Horizon Coffee Company. Trustee David York has taken on the management of the building and has
introduced a robust compliance systern. We have also undertak8n long term planning to ensure we
are able to meet our responsibilities as landlord.
Middloham Gardens
Laura McDouall has continued to mak8 grèat strldes with the gardens this year. We now hold a
r8gular Friends of Middleham 9ardens on the first Wedn8sday of every month, this is enabling us to
tack18 some of th8 bigger jobs in the gardens. We w8r8 also delight8d to receive some funding Irom
the Lyn Valley Society to enable us to purchase an arbour seat to go at the end of the garden where
we lost the tree last year. This is in memory of Cllr Suzette Hibbert, who was a huge champion of
th8 gardens and Lynmouth and Lynton as a whole, We are also very lucky to hav6 the support of
Phil McKinder who donates regularly to the upkeep of the gardens through tslks he gives across the
country on the fk)od.
Lyn In Bloom
After several years support for Lyn in Bloom, Laura McDouall has decided to step down due lo othèr
commitments. David has agreed to ¢oordlnate Lyn in Bloom and th8 plant8rs should all in place
In June.
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To manage pmjerts for the benefit of the community
Affordable Houslng
A presentation was made to counal last year to consider the use of the tennis court and dog walking
area for th8 affordable tr¥)using development. This proposal was not supported by th8 community
and the trust mad8 th8 decision that this was not the appropriatè sitè for a project.
Lyn Climate Action Group
The trust has continued lo support LCA, those who have been down to the orchard and ￿ld maadow
will hav8 sèen the trees and meadow looklng very healthy, a groat ass8t for the local o)mmunty.
Devon Alr Ambulance nigm landing site
This year w8 have had to replace the landing lights at Holman Park to ensure that we continue to
have a night landing site for the air ambulance. Hopefully these lights should last for another >5
years, with the help of the football dub we will continue to monitor them over th8 ￿MIng yèar.
Finally, I would like to thank 811 Truste8s for theSr contlnued enthusiasm and hard work in undertaklng
their various activities. all of which are for thè benefit of the Lyn Valley.
Kate Holland, Chair
181h June 2026
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CHARITY COMMISSION
fOR ENGiAND A140 WALES
Receipts and payments accounts
CC16a
F•rlh• pri¢xl
01JOSf2025
Section A Receipts and payments
fynds
funds
Tot*lfthdts
A1 ReGel
Yd
i¢0
eSt
Sub tc*tsI(Gr￿*s1nC0mo for
AR)
17,f6T
A2 AM•t •nd kwethqnt Mlel.
4qe table
17W7
1•,71•
I2￿24
nts
124
BP11
1,911
1gP
134
181
Pthli
11S20
A4 Assel and Snvestm•nt
PUTchtsei.1680 tal>Yo1
Sub tot
•,011
11,409
Net olY•¢eW(Y￿ts1
5.769
11N16
AS Tr•tt¥ler6 bel*wn fund•
A6 Caah frjnth la•t )rar end
Ca$h funds thi5 y8ar ené
20,339
48A04
02,974
63.S14

Section B Statement of assets and liabilities at the end of the period
Unfeslricled
Restrtcted
funds
Iklaiis
fund•
)n￿r•￿t£
B1 Cash lunds
*¥Tr
Atrdth
2,126
Lyn
0,796
Toe•l¢ash funds
funth
lund•
netsils
B3 knv•stThnta5sots
DelHils
B4 Assets r•tsined I￿th•
G￿lIty'S own usè
Del¢lls
BS LMINIit*s
sbnobjre
Print N8m8
Daleol
val
Is
2b/¥lz6