COMPANY REGISTRATION NUMBER." 4637976 CHARITY REGISTRATION NUMBER: 1099607 Richmondshire Building Preservation Trust Ltd Company Limited by Guarantee Consolidated Financial Statements 31 March 2024 WM FORTUNE AND SON Chartered Accountants & statutory auditor Collingwood House Church Square Hartlepool TS24 7EN
Richmondshire Building Preservation Trust Ltd Company Limited by Guarantee Flnanclal Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the directorfs report) Independent auditor's report to the members Consolidated Statement of financial activities (including income and expenditure account) 13 Consolidated Statement of financial position 14 Consolidated Statement of cash flows 15 Charity Statement of financial position 16 Notes to the financlal statements 17
Richmondshire Building Preservation Trust Ltd Company Limited by Guarantse Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 The trustees, who are also the directors ftjr the purposes of company law, present Ihelr report and the financial statements of the company for the year ended 31 March 2024. Reference and administratlve details Reglstered charlty name Richmondshire Building PreseNation Trust Ltd Charlty regl8tratlon number 1099607 Company regi8tratlon numb8r 4637976 Prlnclpal offlce and reglster8d The Statlon offlce station Yard Richmond North Yorkshlre DL104LD The tru$tga8 Mr R W Casson Ms B J Clarkson Mr S Ibbot50n Mr B Campbell Johnson Mr N Bradbury {Appolnted 15 January 2024) {Served from 15 January 2024 to 1 Aprll 2024} Mrs N A Dagnall Mr J WGravenor Mr J J Yales Mr J P R Harris MrPLJUplon Mr C Greaves Ms S J Foster (Resigned 31 May 20231 (Resigned 31 May 20231 Auditor Wm Fortune and Son Chartered Accountants & slalutory audltor Collingwood House Church Square HartlepDoI TS24 7EN Bankfrr6 HSBC 1 Prospect Place Darlington DL3 7LQ
Rlchmondshire Bulldlng Preservation Trust Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Dlrector's Report) {conllnued) Year ended 31 March 2024 StruGture, governance and Tnanagement Goveming Document Rlchmondshire Bullding Preservallon Trust {'RBPT or 'lhe Trust'} Is a company Ilmlled by guaranté6 and is governed by its Memorandum and Artl¢les of Assoclation; It Is reglstered as a charity wllh the Charlty Commission.
Richmondshire Building Preservation Trust Ltd Company Llmlted by Guarantee Trustees, Annual R8POrt (Incorporating the Director's Reportl (¢ontinr Year ended 31 March 2024 Objectives and activities The Memorandum and Articles of Association defines the objectsves of the RBPT as.. l. To preseNe. for the peoplg of Richmondshire and of the Nation, the historical, arGhAtectural and constructional heritage that may exist in and around Richmondshira, in the County of North Yorkshire in buildings and land (including any building as defined in S8clion 336 of the Town 8nd Country Planning Act 1990) of p8rticul8r beauty or hislonc81. 8rGhilectur81 or constructional interest. 2. To pron70te Education and the Arts in such ch8ritable w8yS 88 the Trust&es consider 8ppropriate from time to lim8. to complement the Pre88lV81ion of the said Historical, Architectural and Constructional Heritage. Publlc Beneflt statement The objectives of the Trust are sel out above. The Trust has fulfllled these obje¢llves through the maintenance and running of The Station and with respect to related educational and artistlc actlvllles. In making decisions and exercising its powers the Trust has had due regard lo the Charlty Commisslon Guldance on Public Benefit. The Trust Board At the year-end, there were 11 Trustees (out of a rnaximum of 12, as lald down by the Memorandum 8nd Articles of As$oci8tionl, Bryan Johnston 1$ the current Chair and the board agreed that a designated Vlce Chgir was essentlal, and Lin Ryan was gppolnted. Each board member wa5 given a secondary appolntment on whlch they would lead., Robin Casson Operations Director, Stephen Ibbolson Finance Director. Phll Upton Technology Officer, John Yates Informallon Offlcer, John Harris Liaison Officer and James Gravenor Chair of RBPT Enterprlses lour wholly owned trading subsidiary). The B08rd would Ilke to thank James Gravenor for hls invaluable financlal leadership in his previous post as Finance Dlre¢tor, whlch handed over to Stephen ear5y In the financial year. The Board was pleased to co-opt Nlcky Dagnall and Nlgel Bradbury In January 2024, who bring new skillsels to the board bulll from successful Caer$ In the arts and englneerlng. 80th will be proposed for election a8 Trustees at the next AGM along wllh any further co-options taklng pla¢e after 31 st March 2024,. which currently includes Sian Moore, who br5ng$ expertlse from local aulhorlty and an extensive flnancial background. The Board is supported by a clerk, Maggle Shackleton. The Trust board thanks Chris Brown, formerly our General Manager but now the Trust Chief Exe¢utlve Offl¢er for hls hard work and leadership over the last year. Membgr8 of the Truot The Trust members are called Friends, each ellher pay an annual fee or a minimum £SOO for life membershlp. All Frlends are invited to attend the Annual General Meeling, elect or re-elect Trustee5 and to approve the Annual Report and the related accounts. as well as taking part in discussion of mallers of interest. Al the end of the year there were 176 Friends161 Life Friends, 64 Joint and 51 individual) a small increase on the prevlous year. The Chlef Executive Offi¢er has revlewed tho scheme, which relaunched In June 2024 In efforts to further grow the Trust membershSp. Organlsatlon The Trust's main asset is The Station. Chris Brown, the Trust Chief Executive Offlcer, Is responslble for the day-to-day management of the building, in consultation with operallonal Trustees Stephen Ibbolson, as Director of Finance and Robin Casson, as Director of Operations. Chris Brown Is supported by a team of 5 managers for Finance, Buildings, Marketing, Cinema and Events, G811ery and Retail. RBPT directly manage the Cinema, Shop, Gallery and Room Hire operations, alongside Its
Richmondshire Building Preservation Trust Ltd Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) {¢on¢lnuedJ Year ended 31 March 2024 role as building manager for Ihe whole sile. We'd like to thank all our managers and thelr teams, for their hard work in providlng the best experience lo the many visitors and customers of The Slalion. The Chlef Executive Officer Is also responsible for supporting and managing the relationships with The Station's flve tenant buslnesses. as well as progressing any external operational projects. The Station Café l Bar and The Sweet Stop (opened In December 2023} a run by RBPT Enterprises, a wholly owned subsldlary of the Trust. constlluted as a company limited by guarantee, with four Directors in post al year•end', Garelh Botlomley (Café Head Chefj, Faye Doorbar Ilndependenll, James Gravenor (Trustee} and Bellnda Ryan (Trugleel. The Board would like to thank the Enterprises Directors for their tireles5 work In eslablishlng the Café and new venture, The Sweet Slop, as thriving businesses. Thanks also to Enlerprlses Manager, Emma Bottomley, and her team, who create a welcoming and professlonal envlronment to all customers. Strat•gl¢ r6POrt The following sections for achievements and performance and financlal revlew form the straleglc report of the company.
Richmondshire Building Preservation Trust Ltd Company Llmlted by Guarantee Trustèas, Annual Report (Incorporatlng th6 Director's Report) (contlnu8d) Year ended 31 March 2024 Achlevements and performance Improvements to the Statlon During the 2023124 financial year we completed a full refLtrbishmenl of the Artisan gallery area, fitted new UV black Dut blinds to the Dance Studio and Townsend Suite windows and widened the main steps from the platform lo Café lo ease congestion, amongst other minor improvements around the whole sile. Further improvements are due in the 24125 financial year including preventative maintenance to the entire glazed roof space, upgrading of internal utility meters, preventative maintenance to the flat roof above the Artisan area, recarpeling of meeting rooms and high traffic areas, external decoration, installation of EV charging points and upgrade of facilities in our meeting rooms. The Stslion's quinquennial building survey was completed in October 2023 and highlighted little of ¢on¢ern, with mostly cosmetic items only requiring attention. The Trust continues lo fulfil its primary obje¢live of presetving heritage assets under its control for generations to come and investing as required to fulfil this objective. Volunteer8 The Trust Board greatly values the involvement of volunteers from the local community. Of the 21 volunteers al the end of the financial year, one assists in the Shop, sixteen greet visitors on the Plaiform, one leads on the Station heritage, Dne assists with events and assist with th8 cinema. The volunteer team is managed by on8 of the staff, acting as Volunteer Coordinator. We extend our thanks to all our dedicated volunteers and our passionate Volunteer Coordinator. The Tenanls Th& rents paid by our Tenants are an Integral pert of the financial bu$lne$8 model for running The Slalion and the Trust as 8 whole, the $ucce$8 of those businesses is ¢ru¢ial. Currently, The Brew Slallon 8nd Archer's Jersey Ice Cream each occupy unlt$. Goosewlng Studios and The Angel, Share o¢¢upy one. The C J Sohool of Dance also occupies one unit with the addllSonal part tlme use of the Townsend Suite. The Café Bar area 1$ oc¢upled by RBPT Enterprises, along with an additional unil for'The Sweet Stop,. Within the fin8nclal year, Rlchmond Brewing Company departed The Station and we wel¢omed new tenant, the Brew Stsllon In Ihelr pla. The Angel's Share consolidated thelr operallons to one unit and the vacant unll was a¢qulred by RBPT Enlerprlses for a new vlnlage sweet shop. The Trust run Slatlon Shop occupies one unlt and the Cinema occupies four units. The Trust management office occupies one ursil. The Trust Board would like to thank all our lenanls, who ¢olle¢llvely allracl many vlsitors to The Station and conlrlbule greatly to ourlolnt economic success. The Statlon and the Communlty The Trust sees the Station as a centre for the local community and in that context a number of events have been org8nised within the financial year, including.. a series of themed fairs, children activity trails, foraging workshops, various Creative and physical workshops; including art, glass fusing, wreath making and book binding. In addition, Father Christmas made his annual visit for 2 weekends to the delight of our younger visitors. The Station also provides a venue for those wishing lo learn or improve their knowledge ol French, Italian and Spanish, or further their wellbeing in Yoga or Pilales. There are also dance classes, children's music classes and The Station provides a home for the Slalion Singers, Weightwalchers, POSCH and a photography group (alongside other private classeslhiresl. In the 2023124 financial year. The Station saw a lolal footfall of 528.176. up 5.4% from the previous year.. equating to an average of over 1,400 visitors per day. The Station Cinema saw 48,145 admissiorss, which exeded our annual target by over 5,000. Risk Management Strategic risks are managed by an elected board representative and operational risks are managed by the Chief Executive Officer. Both are reviewed regularly al Board meetings and monthly by the Chief Executive Officer. Urgent risks may be identified at any time either Strategic or Operational and
Richmondshire Building Preservation Trust Ltd Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (¢ontinutrdJ Year ended 31 March 2024 brought to the attention of the Board via electronic MMunICation and appropriale action taken swiftly. With the appointment and our thanks to a new Clerk lo the Board, risks and progress are osely monitored via detailed meeting minutes and rolling action logs. Relatlonshlp wlth other oryanlsatlons. Although the Trust owns The Station bLtllding and the immediately adjacent Car park, it shares the tenancy of the remainder of the Car park, leased from North Yorkshire Council, with the Richmondshire Lelsure Trust. All income and expenses are shared on an equal basis and regular meetings take place at senior level, regardlng the shared site and the local environment. We would like to thank Richmondshire Leisure Trust for such a productive re5ationship and commitment lo jointly operating a high-quality site. The Trust is represented at meetings of the Onginal Richmond Business and Tourism Association IORBTAI and ils subsidiary tourisffl body Welcome lo Richmond. We are also a member of the Heritage Trust Network, an organisation that helps members save national heritage assets. We are also continuing to build relationships with the local army and refugee community. Richmondshire District Council has now been succeeded by North Yorkshire Council. The Trust looks forward lo ntinuing lo build ils relationship with the unitary authority and its representatives, and furthering our objectives of preseNing heritage buildings Ihroughoul Richmondshire. Flnanclal revlew Flnanclal Statoment The Trust's accounts In 2023124 8howed 8 surplus of £26,984 on our General Fund, which is a positive variation of £57,721 on the previous years p6rformanee. The year-end performance Is a £19,464 improvement against the annual budget forecast. There are a number of factors that aided thls strong performance includlng.. book sales. events. gallery, investment income and the Slalion Shop (all achieving at least £2,000 over their respective budgelsl. The main conlribulin9 factor was the Station Cinema, with improved performance of almost £80,000 on the previous year, generating a surplus of £39,241 (£19,241 over budgell. We were also gfaleful to receive a gen8rou5 £10,000 legacy donation from a v8ry well respected and prominent supporter of the Trust. There were a number of negative factors loo. which were offset by strong performances elsewhere in the organisalion-. significant loss of rent due to the departure of a long-standing tenant and associated unbudgeted legal fees, underperformance in our car park operations due lo unbudgeted expenditure needed on ground works and tree maintenance. amongst a few other minor items of expenditure that exceeded budgeted figures Islaffing, repairs and governance). RBPT Enterprises made a loss Sn 2023124 of £1,246, after amalgamating the accounts from the Café | Bar (profit of £6,279) and new operation, the Sweet Slop (loss of £6,476 and £1,049 depreciallonl. Thls loss is after contrlbuling to the Trust over £130,000 in rent. service charges, staffing recharges, flnanclng and discounts to staff, volunteers and Friends. A reduction of £31,535 in restricted funds is due lo the depreclatlon {£51,535} of the Trust's herllage asset, the Station building and an increase Sn the New Prolecls Fund1£20,0001 due to Ihe rettlpl of a UKSPF grant lo aid In renewed feaslblllty sludies at The Old Grammar School {whlch was unspent al year-end). This is the flrst of grants awarded lo the Trust for thls purpose. No grants were issued by the Trust to external partles In 2023124. In planning for the future, the Trust has a pollcy of rlng-fenclng £100,000 I'major Repairs Fund I to be sel aslde for malntenance prolects In the medlum to long term,. with a separate largel of £275,000 In accumulated general funds, to meet working capital needs and to covèr potentlal loss of Income If a tenant leaves. The current unrestricted funds, including the ring-fenced £100,000 stood at £389,165 on 31 st March 2024 which is above our reseThe targets. Cashflow is monitored and reported on regularly by our Finance Manager, to ensure 811 Trust liabilities can be timely met.
Richmondshire Building Preservation Trust Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2024 Plans for future perlods The Future 2024125 is looking to continue positively, after finishing 2023124 on a strong financial footlng. Energy costs have begun to fall. with gas costs especially reducing considerably from March 2024, albeit other building costs continuing to rise with inflation. The cinema. although performing well, continues to be a long-term risk with changes in audience attitudes and the continued rise in the popularity of streaming. We are pleased however to note a strong performance, ahead of budget, in Q1 of the new flnan¢ial year and our Cinema General Manager continues to innovate to mitigate this long-term risk. The budget for 2024125 has been sel and if achieved by all our op8ralions (including those of RBPT Enlerprisesl, will generate another strong surplus. The Chief Executive Officer and th8 Board continue to explore new opportunities for growth and diversification, including feasibility work into al risk herllage buildings of interest,. which include the former Old Grammar School and fomier Gas House, both of which sit in close proxlmity lo and complement the heritage of our flagship project, The Station. Trustees. responslbllltl88 Statement The trustees, who are also directors for the purp08es of company Igw, are responsible for prep8ring the Iru$tee$' report and the financial slalemenls in accordance with gpplic8ble law and United Klngdom Accounting Standards (United Kingdom Gener811y Accepted Accounting Practice). Company law requires the company trustees lo prepare financial statements for each year which give true and fair view of the state of affairs of the charitable company and the incomlng resourc8s and application of resources. including the income and exp8nditure, for that period. In preparing these finan¢ial 818temenls, the trustees are requlr8d lo.. sel8¢t sullable a0untIng poll¢S&s and then apply them con$1stent. observe the methods and princlples In the applicable Charities SORP., make judgments and accountlng estimates that are reasonable and prudent.. state whether applicable UK Accounting Standards have been followed, sublecl to any malerlal departures dis¢losed and explained in the financial ststements. The trustee$ are respon$lble for keeplng adequate accountlng records Ihat are suffi¢lent to show and explaln the company's Ir8nsa¢tlon$ and disclose wlth reasonable a¢¢ura¢y at any time the financial posltion of the company and enable them lo ensure Ihat the financial slalements comply with the Companies Act 2006. They are also responslble for safeguardlng the assets of the company and hence for laklng reasonable steps for the prevention and dete¢llon of fraud and other Irregularities.
Richmondshire Building Preservatlon Trust Ltd Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Dlrector's Report) (c¢1ned) Year ended 31 March 2024 Auditor Each ol the persons who is a trLtstee al the date of approval of this report confirms that.. so far 88 they are aware, there is no relevant audit informatlon of which the company's auditor Is unaware., and they have taken all steps that they ought lo have taken 8s a trustee to make themselves aware of any r8lévanl audit information and to establish that the company's auditor is aware of that information. A resolution to reappolnt Wm Fortune and Son as auditors will be proposed at the forthcomlng Annual General Meeting. The trustees, annual report and the slrateglc report were approved on 17 September 2024 and slgned on behalf of he board of trustees by.. MrBC Trust mpbell Johns
Richmondshire Building Preservation Trust Ltd Company Limited by Guarantee Independent Auditor's Report to the Members of Richmondshire Building Preservation Trust Ltd Year onded 31 March 2024 Oplnlon We have audited the financial slatemenls of Rlchmondshlre Bullding PreseNatlon Trust Ltd (the 'parent charitable company'l and its subsidiary (the 'the group'l for the year ended 31 March 2024 which comprise the consolidated slalemenl of financlal activities (including income and expendllure account), consolidated statement of financial position, consolidated slalement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation Is applic3ble law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financlal ststemenls.. glv8 a true and falr vlew of the stale of the group and parent charltable company's affairs as at 31 March 2024 and of ils incoming resources and application of resources, Including its income and expenditu, for the year then ended., have been properly prepared In accordance wlth Unlted Kingdom Generally A¢¢epted Accounting Practice., have been preparerj accordance wlth the requlrements of the Companies Act 2006 and the Charities Act 2011. Ba816 for oplnlon Wt Conduded our audlt In a¢cordanc& wllh International Standards on Audlllng (UK) IISAS IUKI) and applicable saw. Our responslbllllies under those standards ar• further described in th• audilorfs r8$ponsibllllies for the audit of the financial statements sèctlon of our report. W& are Independent of the company In accordance with the ethlcal r¢quirem8nls that are relevant to our audit of th8 financial statements In the UK, including the FRC'S Ethlcal Standard, and we have fulfllled our other ethical r&sponsibilllles in accordance wlth these requlrements. We b&lieve that the audll 8vSdon¢e w6 have obtalned is sufficient and approprlale lo provld6 a basis for our opinlon. ConGluslons relating to going concern In auditlng the financlal statements, we have concluded that the trustees, use of the g0Sng concern basis of accounting in the preparatlon of the financial statements Is approprlate. 8as8d on the work we have pertormed, we have not Idenlifl&d any materlal un¢ertalntl&$ relating lo events or condltlons that, indlvldually or ¢o118ctlv8ly. may Cast slgNlfi¢anl doubl on the company's ability to continue as a going concern for a penod of al least twelve months Irom when the finan¢lal statements are aulhorised for issue. Our responsibilitie8 8nd the respDnsibililies of the trustees with respect to going con¢em are described in the relevant sections of this report.
Richmondshire Building Preservation Trust Ltd Company Limited by Guarantee Independent Auditor's Report to the Members of Rlchmondshlre Building Preseriation Trust Ltd (eontfnved) Yéar ended 31 March 2024 other Informatlon The other information ¢omprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the finanoial slalements does not cover the other information and, except to the extenl otherwise explicitly slated in our report, we do not express any form of assurance Conclusion Ihereon. In connection with our audit of the financial statements, our responsiblllty is lo read the other information and, in doing so, ¢onsider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or olheNise appears lo be materially misslaled. If we identlfy SLr¢h material inconsistencies or apparent materfal misslalements, we are required lo determine whether there is a mat8rial misslatemenl In the financial slalements or a material misstalemenl of the other information. If, based on the work we have performed, we conclude that ther8 is a material misslatemenl of this other information, we are requlred lo report that fact. We have nothlng to report In Ihls regard. Oplnlons on other matters prescrlbed by tho Companles Act 2006 In our oplnlon, based on tho work undertaken1n the course of the audit.. the information given in the trustees, report for the financial year for which the flnanclal statements are prepared Is consistent with the financial stalement$,' and the trustees, report has been prepared In accordance with appllcable legal requlrements. Matters on whlGh we aro requlrfrd to Teport by excoptlon In the Ilght of the knowledge and understanding of Ihe Ihe group and parent chartable company and its envlronmenl oblainad In the ¢ourse of the audlt, we have riot id8nlified material misslatemenls In the Irusle&s' report. We have nothlng lo report In respect of the followlng matters In relatlon lo whlch the Companies Act 2006 and the Charities Act 2011 requires us lo report to you if, In our opinlon.. adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not vlsited by us., or the financial statements are not in agreement with the accour¢ling records and returns-, or certain disclosures of trustees, remuneration specified by law are not made., or we have not reed all the information and explanations we require for our audlt. 10
Richmondshire Building Preservation Trust Ltd Company Llmlted by Guarantse Independent Auditor's Report to the Members of Richmondshire Building Preservation Trust Ltd (conllnued) Year ended 31 March 2024 Re8pon8ibSlltles of Iru8tee8 A$ explained more fully in the trustees, responsibilities statement, the Iruste&s (who ar8 also the directors for the purposes of company lawl are responsible for the preparatlon of the finanoial statements and for being satisfied that they give a true and falr vlew, and for such inl8rnal control as the trustees determine is neSSary to enable the preparation of flnancial slalemenls that are free from material misstatement, whether due to fraud or error. In preparing the financial slatemenls, the trustees are responsible for assessing the company's ablllty lo continue as a going concern, disclosing, as applicable, matters related to going concern and uslng the going Ccsncern basis of a¢¢ounling unless the trustees either intend to liquidate the company or lo cease opeTalions, or have no realistic alternative bul to do so. Audltor's re8pon61bllltles for Iho audlt of tho financial statements Our ob5ectives af8 lo obtaln 8$Onable a$surar about whether the financial statements as a whole ere free from material misstatement, whether due to fraud or error, 8nd10 18sue an auditor's report that Includes our opinion. Reasonabl8 assurance is a high level of assurance, bul is not a guarantee that an audlt ndUcted in accordanc8 Wlth ISAS {UKI will 81ways detect 8 materlal mlsstslement when 11 exists. Misslatemenls Gan arl$8 from fraud or error and are considered materlal If, individually or In the aggreu8le, thgy could reasonably b8 expected to influence the e¢onomSc d8¢lslons of us9rs taken on the ba81s of these financial statements. Irregula1{8$, Including fraud, are Instances of non-compliance wlth laws and règulations. W8 design prOdureS In Ilne wlth our r¢sponsibS1ities, outlined above, to detect materlal mi$stalem&nts in respect of irregularftl6s, including fraud. The extent lo which our proGedur8s arè capabb8 of detecting Irr8gularilles, Including fraud is delalled below,. Enquiry of man8gem&nt and those Charged with governance around actual and potenllal litigation and c12ims, Perfoming audlt work over the risk of management override of controls IncludSng lèstSng of loumal enlries and other adjustments for appfopriateness, evaluating the buslThess rationale of slgnificant transactlons outside the normal course of business and reviewlng accounting e81imates for bias, Reviewing flnancial statement disclosure ¢he¢kllsl and testing lo fi'nanclal statements 10 assess compliance with applicable laws and regulatlons. Because of the inhererent limitations of an audit, there is a r¢sk that w8 will not delect all irregularities, Including th05e leading to a material misslalement In the financlal statements or non compliance with regulation. This risk increases the more that compliance with a law or transaction is removed fTom the events and transactions reflected in the financial statements, a5 we will b8 less likely to b8cDme aware of Instances of non compliance. The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves intentional concealment, forgery. collusion, omission or misrepresentation. As part of an audit in accordance wilh ISAS IUKI, we exercise professional judgment and malnlaln professional sceplicism throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit 11
Richmondshire Building Preservation Trust Ltd Company Limited by Guarantee Independent Auditor's Report to the Members of Richmondshire Building Preservation Trust Ltd (¢ontlnu¢LI) Year ended 31 March 2024 evidence that is sufficient and approprlats to provide a basis for our opinion. The risk of not detecting a material mi5slat8ment resultir¢g from fraud is higher than for one resu51ing from error, as fraud may involve colluslon, forg8ry, Intentional omissions, misrepresentstions, or the override of internal control. Obtaln an understanding of internal control relevant to the audit in order lo deslgn audlt procedures that are appropriate in the circumstances, but not for the purpose of expressing an oplnlon on the effectlveness of the internal cont¢. Evaluate the appropriateness of accounting pollcl8s used and thé r6ason8bl8ness of accounting estimates and related disclosures made by the trusteès. Conclude on the approprlateness of the trustees, use of the going concern basis of accounting and, based on the audll evidence oblalned, whether a material uncertainty exists related to events or ¢onditlon$ that may cast significant doubt on the company's ability to continue as a going Concern. If we conclude that a material uncertainty exists, we 8re required lo draw attention in our audltor's report to th& related disclosures in the financial statements or, if such dlsclosures are inadequate, to modlfy our opinion. Our conclusions are based on the audll evid8nce obtained up to the date of our audilols report. However, future events or cond11ion8 may cause the company lo cease lo conllnue as a going concem. Evalu8te the ov$rall prestrntalion, structure and content of the flnanclal statements, includlng the disclosures, and whether the financial statements represent the underlying transactions and events In a manner that achigves falr presentation. We communlcale wlth those charg8d with governance regardlng, among other matters, Ihe planned scope and timing of the audit and signifieanl audit fir¢dings, Including any slgnificant deficien¢Ses I Internal control that we identify durlng our audit. U59 of our roport This report is made solely to the company's mernbers, as a body, In accord8nce with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we mlght slate lo the company'5 members those matters we are required to 8t8te to them in an auditols report and for no otler purpose. To the fullest extent permitted by law. we do not accept or assume responsiblllty to anyone other than the comparsy and the company's members a5 a body, for our audit work, for thSs report, or for the opinions we have formed. Thornas Andrew Atkinson (Senlor Statutory AudSlor) For and on behalf of Wm Fortune and Son Chartered Accountants & statutory audllor Collingwood House Church Square Hartlepool TS24 7EN 17 September 2024 12
Richmondshire Building Preservation Trust Ltd Company Llmlted by Guarantee Consolidated Statement of Financial Actlvltles (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds 2023 Unrestricted funds Total funds Nots Income and endowments Donations and legacies Charitable activities Other trading a¢livities Investment income 16,856 911,150 1,083,198 6,376 2.017,580 20,000 36,856 911,150 1,083,198 6,376 2,037.580 14,486 673,043 949,084 1,448 1.638,061 Totsl Income 20.000 Expendituro Expenditure on raising funds.. Costs of raising donations 8nd legacies Costs of olh&r trading activili6s Expenditure on charitable activities Taxation 4,558 10 944,550 11,12 1,042,733 14 4.558 944,SSO 1,094,268 3,252 795,637 958,775 11,1851 1,756,479 51,535 Tetal expondlturo 1,991,841 51,535 2,043,378 Nèt exp8ndlture and net movement In fund8 25,739 131,5351 {5,7961 1118,4181 Reconclllatlon of funds Total funds brought forward Total funds carrlod forward 376,853 402,592 1,798,968 1,765.433 2,173,821 2,168,025 2,292,239 2,173,821 The statement of financial activities includes all gains and losses recognlsed in the year. All income and expenditure derive from continuing activitie5. The notes on pages 17 to 29 form part of thesg financial $tatsmgnts. 13
Richmondshire Building Preservation Trust Ltd Company Limited by Guarantee Consolidated Statement of Flnancial Position 31 March 2024 2024 2023 Flxed assets Tangible fixed assets Heritage assets 19 237,466 20 1,715,912 1,953,378 247,629 1,767,445 2,015,074 Current assets Stocks Debtors Cash at bank and in hand 22 30 45,787 22,848 353,577 422,192 33,670 19,680 238,849 292,199 Credltor8: amount8 falllng du& wlthln onè year Not current 0880ts 23 207,545 214,647 2,168,025 2,168,025 133,451 158,748 2,173,822 Total assets less current Ilabllltl88 Net 8668ts 2,173,822 Funds of the ¢harlty Restricted funds Unre51riGled funds 1,765.433 402,592 1,796.968 376.853 Total Charlty funds 26 2,168,025 2,173.821 These financlal slalemenls w8ro approved by the board of trustees and authorlsed for Issue on 17 September 2024, and are signtsd on bèhalf of the board by.. Mr S Ibl)otson Trustee The notes on pages 17 to 30 forni part of these financial Statèments. 14
Richmondshire Building Preservation Trust Ltd Company Limited by Guarantee Consolldated Statement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flows from operatlng actNities Net expenditure 15,7961 1118,4181 Adjustments for. Depreciation of tsngible fixed assets Depre¢iation of heritage assets Dividends, interest and rents from investments Interest payable and similar charges Taxation Accrued expensesl(income) 47,050 51,533 16.376) 4,046 44,936 51,535 {1,448) 3,637 {1,185) 110,1441 4,488 Changes in.. Stocks Trade and other debtors Trade and other creditors {12,0971 13,1681 69,606 9,236 4,990 33,324 16,465 Cash generated from operatlons 149,286 Interest pald Tax received {4,0461 13,6371 1,185 Net cash from operating a¢llvlll6s 145,240 14,013 C08h flow8 from Investlng actlvltles Dividends, inleresl and rents from Inve$lmenl$ Purchase of langlble assets Proceeds from $ale of tanglble assets Net cash used In investing activities 6,376 136.8891 1,448 173,5391 265 130,5131 171.8281 Net Increa8elldecreasel In Gash and Gash equivalonts Cash and cash equivalents at beginning ofyear Cash and Gash equivalents at end of year 114,727 238,849 353,576 {57,8131 296,663 238,850 The nates an pagè# 17 tr1 30 form part of thes• financlal statements. 15
Richmondshire Building Preservation Trust Ltd Company Limited by Guarantee Charity Ststement of Financial Position 31 March 2024 2024 2023 Flxed assets Tangible fixed assets Heritage assets 221,850 1,715,912 1,937,762 247.629 1.767.445 2,015.074 Current assets Stocks Debtors Cash at bank and in hand 27,581 21,185 304,030 352,796 22,598 20,816 171,719 215,133 Crodltor8: amounts falling due within one year Net ¢urront 888et8 135,960 216,836 2,154,598 71,058 144,075 2,159,149 Total a8s8ts les8 curront Ilabllltloo Net assets 2,154,598 2,159,149 Funds of the charlty Restricted funds Unreslricled funds 1,765,433 389,165 2,154,598 1,796,968 362.180 2,159,148 Total ¢h4rlty fund8 16
Richmondshire Building Preservatlon Trust Ltd Company Limitèd by Guarantee Notes to th8 Financial Statements Year ended 31 March 2024 General information The company is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is The Station, Station Yard, Richmond, North Yorkshire, DL10 4LD. These financial slalemenls have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with th8 Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 ICharit18S SORP IFRS 10211 and the Companie$ Act 2005. A¢¢ountlng poll¢les Basls ol preparatlon The accourls have been prepared on the historical cost basis. The accounts 8re prepared in sterling which is the functional currency of the entity. Basls of ConsolSdallon The ff nanclal statements consolidate the financial 8lat8menls of the charitable company and Its subsldiary undertaking. Inler-group transacllons, balances and profits are ellmlnated on consolidallon. The consolidallon is carried out on a Ilne by Ilne b8sI8. In accordance wllh with section 9 of FRS102 Consolidated and Separate Financial Statements - RBPT Enterprises Llmited Is a wholly owned 8Lrb$idlary and under control of the charity. A separate Slalement of Financipl A¢tivSty ISOFAI for the charity Itself 18 not presented as the charity has taken advantage of the exemption within section 408 of the companies Act 2006. Golng conc•m There are no material uncertainties about the charity's ability lo continue. The Charity forecast and projections after considering possible changes lo income and performance and the potential impact on the charity, show that the charity should be able to continue to operate for a period of at least 12 months. 17
Richmondshire Building Preservation Trust Ltd Company Limited by Guarantee Note5 to the Flnanclal Statements (COnted) Year ended 31 March 2024 Accounting policies fcontlnu8d) Judgements and key sources of estimation uncertainty Estimates and judgements are continually 8valualed and are based on historical experiences and other factors, including expoclations of futur8 events that are believed to be reasonable under the circumstsnce5. Accounting estimates and assumptions Wlthln the accounts.. The Heritage asset "The StatSon Is valued at Costs IncUd, as the trustees deem it would be too Costly to obtain an independent valuatSon, and are confident there Is levant expertlse wllhln the trustees to recognise impalrmenls. Crltlcal 8reas ofludgement: None. In¢ome tax The taxgtion expense represents the aggregate amount of current and deferred tax recogni8ed In the reporting perlod. Current tax Is recognised on taxable income or expenditure for the Current and past periods. Current lax is measLtred at the amounts of tsx expected to pay or recover uslng the lax rates and laws that have been enacted or substanlively enacted 81 the reporting date. Deferred tsx Is re¢ognised In respect of all timlng dSfferences at Ihe reporting d8te. Unrelleved tax losses and other deferred lax assets are recognised to the exlenl that It is probable that they will be recovered against the reversal of deferred tax Ilabllltles or other future taxable profits. Deferred tax is measured uslng the tax rates and laws Ihal have been enacted or substantlvely enacted by the reporting date that are expected to apply to the reversal of the liming difference. Fund accountlng Unrestricted fur¢ds are 8vallgble for use at the dlscrellon of the trustees to further any of the charlly's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of sub-classes.. reslricled income funds or endowment funds. 18
Richmondshire Building Preservation Trust Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 March 2024 Accounting policies {contlnu&d) Incoming re$our¢e$ All incoming resources afe included in the statement of financial activities when entitlement has passed lo the charity,. it is probable that the economic benefits associated with the transacts'on will flow to the charity and the amount can be reliably measured. Tre following specific policies are applled lo particular ¢alegorle$ of Income: income from donations or grants is recognised when Ihere is evidence of entitlement to the gift, receipt is probable and ils amount can be measured reliably. leg8¢y income is recogni$ed when receipt is probable and entitlement is established. Income from donated goods is me8$ured at the fair value of the goods unless thig is impractical lo measure reliab5y, in which ¢ase the value is éerived from the cost to the donor or the eslimaled resale value. Donated facilities and services afe recognised in the accounts when received if the value Can be rell8bly measured. No amounts are Included for the trIbUtion of general volunteers. Income from Contracts for the supply of seNlc8s is recognlsed wlth the delivery of the contracl8d servlce. Thls Is classlfled as unrestricted funds unless there Is a contractual requirement for11 lo be Spent on a partlcular purpose and returned If unspent, Sn whlch case It may be regarded as restricted. ReBourceB expondod Expenditure is recognised on an accruals basis as a liability 1$ Sncurr8d. Expenditurè includes any VAT which cannot be fully recovered, and is classifièd undèr hèadings of the statement of financial activities to which il relates.. expenditure on raising funds includes the costs of all fundraising aclivilie8, everbls, non-charitable trading activities. and the sale of donated goods. expendllure on charltsble actlvllles Includes all costs incurred by a ch8rlty In undertaklng aclivitSes that further Its ¢harilable alms for the benefit of its beneflclarles, Including those support Costs and ¢osts relating lo the governance of the charlly apportloned to charllable aclivilies. other expenditure inGlude5 all expenditure that is neither related to raising funds for the charity nor part of ils expenditure on charitable a¢tivilies. All costs are allocated to expendlture cate9or6es reflecllng the use of the resource. Dlrecl costs attributable to a single activity are allocated directly lo that acllvity. Shared costs are apportloned beeen the activities they contribula to on a fftasonable, justifiable and conslslent basls. Tangible assets Tangible assets are inilia51y recorded al cost, and subsequently staled at cost less any accumulated depreciation and impairment losse5. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated dePClaI10n and subsequent accumulated impairment losses. 19
Richmondshire Building Preservation Trust Ltd Company Limited by Guarantee Notes to the Financial Statements (¢ontlnued) Year ended 31 March 2024 Accountlng pollcle$ (¢oniinued) Tanglble agsets {¢o*ylln£red) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charye for impairment that has previously been recognised as expenditure within the slalement of financial activitie8. A decrease in the carrying amount of an asset 8$ a result of revaluation. is recognised in other recognised gains and108ses, except to which it offsets any previous revaluation gain, in which case the loss is shown withln other recognised gains and losses on Ihe statement of financial activllles. Depreclatlon Deprecialion is c8l¢ulated $0 as to write off the cosl or valuation of an assel, less ils residual value. over the useful economic life of Ihat asset as follows.. Fixtures and fitting8 Equipment 15tsh reducing balance 20tsh reducing balance Herltage a88et8 Heritage assets mea8ured under the cost model 8re recognised inltlally re¢orded al acqui51tion cost, and subsequently 818ted at CQ8t less any accumulated depreclation and Impairment Ios89s. H8rilage assets measured under the revaluation model are recorded at fair value less any accumulated impairment losses. Where information on the cost or value of ars asset is not available and cannot be obtained at cost which is commensurate with the ber¢efits to users of the financial slalements, the asset shall not be recognised in the slalement of flnar¢clal posltlon. Impalrmont of flxod assets A review for Indlcalors of impairment Is carrlod out at oach reporting date, with the recoverabla amtsunt b6lng 8slimated where sueh Indicators exist. Wher8 the carryin9 value 8x¢&èds the recoverable amount. the asset is impaired aecordingly. Prior impairments ar8 a150 reviewed for possible reversal al each reporting date, Fof the purposes of impairment testing, when it is not possible lo estimate the reGoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The Gash-generaling unil is the smallest identifiable group of assets that in¢lude$ Ihe asset and generates cash inflows that laryely Independenl of the cash inflows from other assets or groups of assets. For impairment tesllng of goodwlll, the goodwlll a¢qulred In a buslness Comblnatlon is, from the acquisition date, allocated to each of the cash-generatlng unlts that are expected to benefit from the synergies of the comblnation, Irrespective of whether other assets or Ilabllllles of the company 8re asslgned to those units. 20
Rlchmondshlre Building Preservation Trust Ltd Company Limited by Guarantee Notes to the Flnanclal Statements (contlnuedj Year ended 31 March 2024 Accountlng pollcles {conUnued) stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of converslon and other costs Incurred In brlnglng the stock lo its près8nt locatlon and condlllon. Financial instrumgnts A financial asset or a financial liability is reGognised only when the company becomes a paty lo the conlraclual provisions of the instrument. Basic financial instruments are initially r8¢ognised at thè amunt recèivable or payabl6 Includlng any related transaction costs. Current assets and eurrent liablllties ar8 subs8quenlly measured al the cash or other consideration 6xpèct8d to bè pald or r8celved and not dlscounted. Debt Inslrum8nts are subs8quenlly measured at amortlsed cost. Where Investments in shares are publicly traded or th8ir fair value can olherwlsè be measurèd reliably, the investment is subsequently measured al fair value with changes In falr valuè recognised in income and expenditure. All other such investments are subsequently measured at cost less Impairment. Other financlal Instruments, including derivatives, are ini118lly recognised at fair valuè, unless payment for 8n asset is deferred beyond norma5 business terms or financed al a rale of inter8sI that Is not a m8rkel rate, in which case the asset Is measur8d at the present value of the fuluf& P8yments discounted at a market rale of interest for a similar debt inslrumenl. other financial instruments are subsequently measured al falr v81ue, with any changes recognised in the statement of financial activllies. wllh the excepllon of hedging Instruments in a designated hedging relationship. Flnanclal assets that are measured at cost or amortised cost are reviewed for objective evldence of impairment al the end of each reporting dale. If there is objective evidenc8 of impairment. an Impairment lo$$ is recognised under the appropriate heading in the 5tal8manl of financial activities in which the initial gain was r6cognlsed. For all equity instruments regardless of si9nificance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amunt would have been had the impaiment not previously been recognised. 21
Richmondshire Building Preservation Trust Ltd Company Limited by Guarantee Notes to the Flnanclal Statements (continued) Year ended 31 March 2024 Accounting policies fconllnued) Defined contribution plans Contrlbutions to deflned contribution plans are recognised as an expense in the period in which the related service Is provld8d. Prepaid conlribulion5 are recognised as an asset to th8 extent that the prepayment wlll lead to a r8ductlon In futur8 payments or a cash refund. When contributions are not expected lo be settled wholly withln 12 nnthS of the end of the reporting dale in which the employees render the related service, the liability is measured on discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Llmlted by guarantoa The Company Is Ilrnlted by guarant88 and do8s not have a share capllal. All members undertake to contribute such an amount not exceedlng £18$ may be requlred In the ev8nl of the trust being wound up wilhln one year they ceas& to be a member, for paym8nl of débts and liabilities of the trust and costs of the winding up. Donatlon$ and1oga¢l&$ Unreslrlcted Fund8 Restricted Total Funds Funds 2024 Grant8 Grants 20,000 20,000 Sub8¢rlptlons Membershlp 16,856 16,856 16,858 36,856 20,000 Unrèstricted Funds Restricted Total Funds Funds 2023 Grants Grants 9,500 9,500 Sub$¢riptions Membership 4,986 14,486 4,986 14,486 22
Richmondshire Building Preservation Trust Ltd Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 Charitable activities Unreslricled Total Funds Unreslrfcted Total Funds Funds 2024 Fund5 2023 The Station The Shop The Cinema 322,000 124,780 464,370 911,150 322,000 124,780 464,370 911,150 248,075 106,S92 319,376 673,043 248,075 105,592 319,376 673,043 Other tradlng actlvltles Unrestricted Total Fund8 UnrestricleLI Total Fund8 Funds 2024 Funds 2023 Fundr81sing events Other income from other Ir8dlng RBPT Enterprises Limited 17,986 17,988 11.978 11,978 1,065,212 1,083.198 1.065.212 937,106 949,084 937,106 949,084 1.083.198 Invèstmont Incomo Unrestricted Total Fund8 Unrestrlcted Totsl Funds Funds 2024 Funds 2023 Income from cash Investments 6,376 6,376 1,448 1,448 Costs of ral8lng donatlon6 4nd1oga¢l08 Unrestricted Total Fund8 Unrestricted Tol81 Funds Funds 2024 Funds 2023 Costs of raislng donations and legacies SubsGriptions 4,558 4,558 3.252 3,252 10. Costs of other tradln9 actlvltles Unreslrietèd Total Funds unstrICted Total Funds Funds 2024 Funds 2023 Costs of other trading activities- RBPT Enterpri58s Limited 944,550 944,550 795,637 795,637 23
Richmondshire Building Preservation Trust Ltd Company Limited by Guarantee Notes to the Financial Statements (¢ontinued) Year ended 31 March 2024 11. Expendlture on ¢harltsble actlvltlos by fund type Unrestricted Funds Restricted Totsl Funds Funds 2024 The Station The Shop The Cinema Car park running costs Gallery costs New project expenditure Support costs 389,049 112,981 425,129 69,973 1,711 389,049 112,981 425,129 69,973 1,711 43,890 51,535 51.535 95,425 1,094,268 1,042,733 Unrestrlcled Funds Restrlcled Total Funds Funds 2023 The Slatlon The Shop The Cinema Car park running costs Gallery costs Ngw project expendilu Support costs 312,135 103,071 351,022 58,675 1,235 312,135 103,071 351,022 58,675 1,235 11,095 121.542 11,095 51,535 70.007 896,145 62,630 958.775 12. Expondlturè on eharltablo actlvltlo8 by actlvlty typè Activities undertaken directly Support costs Total fund$ 2024 Tolal fund 2023 The Slatlon The Shop The Clnema Car park running costs Gallery costs New prole¢t expenditu Governance costs 389,049 112,981 425,129 89,973 1,711 91,642 480,691 112,981 425,129 69,973 1,711 430,914 103.071 351.022 58,675 1,233 11,095 2,763 958,775 3,783 95,425 3.783 998,843 1,094,2e8 13. Analysis of support Costs Analysis of support Costs Total 2024 Total 2023 General office 100,977 100,977 82,636 24
Richmondshire Building Preservation Trust Ltd Company Llmlted by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 14. Taxation Major components of tax Income 2024 2023 Current tax: UK current lax income 11,185} 11,185) Taxatlon Reconclliation ol tsx In¢om• The tax assessed on the expendlture for Ihe year is the same as 2023 the standard rale of corporallon lax in the UK of 190h12023'. 190hl- 2024 2023 Expendllure before taxation Expenditure by rate of tsx 15,796) 1119.6031 15.0531 15. Net expendlturfr Net expendituré is stated aftér charglngl{cr8dllino)'. 2024 2023 Depreciation of tangible fix8d assets Depreciation of heritag8 assets 47,050 51,533 44,936 51,535 16. Audltors rnmunoratlon 2024 2023 Fe&s payable for the audit of the flnancial statements 3,100 2,400 17. Partlculars of ernployee8 The total $laff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wage$ anrj salarles Social security costs Employer conlributlDns lo pension plans Other employee benefits 855,638 29,870 6,715 6,114 898,237 684,281 25,949 5,801 3,137 719,168 25
Richmondshire Building Preservatlon Trust Ltd Company Limlted by Guarantee Notes to the Flnanclal Statements (continued) Year ended 31 March 2024 17. ParticulaTS of employees {contlnued) The average head count of employees during the year wa5 33 12023.. 33). The average number of full-lime equivalent employees durin9 the year is analysed as follows.. 2024 No. 2023 No. Number of staff 33 33 No employee received employee benefits of more than £60,000 during the year12023.' NIII. 18. Tru8tee remuneratlon and expense$ No trustee received any remuneration, expenses or other benefi18 during the year ended 31st March 2023 or for the year ended 31st March 2022. 19. Tanglble flxed as50t8 Flxtures and fittlngs Equlpment Total Cost At 1 April 2023 Additions 372,289 36,889 409,178 179,711 552,000 36,889 At 31 March 2024 179,711 588,889 Deprfrclatlon At 1 April 2023 Charge for the year At 31 Mar¢h 2024 216,634 33,254 249,888 87,739 13,796 101,535 304,373 47,050 351,423 Carrylng amount At 31 March 2024 159,290 155,655 78,176 91,972 237.466 At 31 March 2023 247,627 20. Herltagè assets A charge was placed on the freehold of the property by the Trustees of the National Heritage Memorial Fund on 27 March 2015. The Herltage Asset recognlsed is the bulldlng known as The Station" The market value is the aclu21 costs incurred on the building. An annual charge is made lo the SOFA al 2¥0 per annum. The charity deem it would not be cost effective to carry out an independent valuation of the propety. 26
Richmondshire Build ing Preservation Trust Ltd Company Llmlted by Guarantse Not8S to the Financlal Statements (¢ontlnued) Year ended 31 March 2024 20. Heritage assets (contlnued) Heritage asset 1 Cost or valuatlon At 1 Aprll 2023 and 31 March 2024 Accumulated dgpreclatlon Al 1 April 2023 Charge for the y8ar At 31 March 2024 2,576,733 {809,288} {51,533} {860,821 } Carrylng arnount At 31 March 2024 1,715,912 1,767,445 At 31 March 2023 The Heritsge as$et"The Station" 1$ the only heritage asset and is measured at cost. 21. Investment entitles Subsldlarle8 and other Investment8 Percentage of Class of share shares held Sub81dlary undertaklng8 RBPT Enterprises Limited, The Station, Station Yard, Richmond, North Yorkshire DL10 4LD Ordlnary 100 22. Stocks 2024 2023 Raw mgteri818 45,767 33,670 23. Crodltors: amounts falllng due wlthln ono y•ar 2024 2023 Trade creditors Accruals and deferred income Social security and other tsxes other creditors 63,009 53,733 88,336 2,467 207,545 25,18S 45,985 62,281 133,451 27
Richmondshire Building Preservation Trust Ltd Company Llmlted by Guarantee Notss to the Flnanclal Statements (conttnued) Yaar ended 31 March 2024 23. Credltors: amounts falllng due wlthln one year (conllnu•dJ 24. Deferrod incom• 2024 2023 Amount deferred in year 17,244 13,984 20. Pens5on6 and other p08t retlrement benefits Defln8d contrlbutlon plans Th8 amount recognised In income or expenditure as an expense In relallon lo defined contribution plans was £6,71512023.' £5,801). 28. Analy816 of charltable funds Unrostrlcted funds At 1 April 2023 At Income Expendlture 31 March 2024 General funds 376,853 376,853 2,017,580 11,991,841) 2,017,580 11,991,841) 402,592 402,592 Al 1 Aprll 2022 At Income Expendlture 31 March 2023 General funds 432,841 432,641 1,638,081 (1,693,849} 1,638,Q61 11,693,849) 376,853 376.853 28
Richmondshire Build ing Preservation Trust Ltd Company Llmlted by Guarantse Notes to the Flnanclal Statements {continuedJ Yèar ended 31 March 2024 26. Analysls of charltable funds (contlnuedj Restrlcted fund8 At 51 March 202 1 April 2023 Income Expendlture Restricted Fund 1,796,968 20,000 151,5351 1,765,433 At 31 March 202 At 1 Aprll 2022 Income Expenditure Reslrlcted Fund 1,859,598 162,630} 1,796,968 27. Analys18 of not a889ts tween funds Unreslrlcled Funds Restrictéd Total Funds Funds 2024 Tanglble fixed assets Herllage assets Current Assets Credllors less than 1 yegr Net a88¢ts 237,466 237.468 1,715,912 422,192 1207.5451 2,168,025 1,715,912 49.521 372,671 1207,5451 402,592 1,765,433 Unrestricted Funds Restricted Tolal Funds Funds 2023 Tangible fixed assets Heritage assets Current Assets Creditors less than 1 year Net assots 247,629 247,629 1,767,445 292,199 (133,4511 2.173,822 1,767,445 292,199 1133,4511 406,377 1,767,445 The nel assets of the subsidiary RBPT Enl8rpris8s Ltd al 31 st March 2024 were £13,42712023 £14.6731. These comprised currént assets of £69,075 (2023 £79,455) less current li8blll1ies of £71.26412023 £64.782}. 28. Analysls of changes In net debt At At 1 Apr 2023 Cash flows 31 Mar 2024 Cash al bank and in hand 238,849 114,728 353,577 29
Richmondshire Building Preservation Trust Ltd Company Limited by Guarantse Notes to the Financial Statements f¢on(Inued) Year ended 31 March 2024 29. Related parties The charlty engaged the $eNlces of McLu¢kie Prole¢ts Ltd of which D McLuckie is a director (Dlreclor of RBPT Enterprises, the amount paid lo MoLuckle Projects was £012023 £3,339). The charlty engagèd th6 servlces of Purple Creatlve Servlces Ltd of which P Uplon is a director, the amount pald lo Purple Creative SeNl¢es Ltd was £1,847.40 (2023 £1,389.24). The charity purchased goods for resal8 from Nlcky Dagnall for £55.50. 30