2025-03-31-accounts

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UNCONTROLLED WHEN PRINTED BIRNBECK REGENERATION TRUST

Birnbeck Regeneration Trust Financial Statement and Audited Accounts

Birnbeck Road, Weston-super-Mare, North Somerset BS23 2ER

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CONFIGURATION CONTROL

Version	Version / Amendment Description	Version / Amendment Description	Version / Amendment Description
0.01	Issued for Review
0.02	Restricted and Ringfenced sections updated.
Author R. Griffin Operations Director		Reviewer L. McCann Finance and Commercial	Approver C. Wilkes Chairman	Date Approved 15 Jan 2026

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CONTENTS ......................................................................................................................................... 3	CONTENTS ......................................................................................................................................... 3
1.	TRUSTEES’ REPORT ............................................................................................................. 5
2.	OBJECTIVES AND ACTIVITIES ............................................................................................. 5
3.	PUBLIC BENEFIT STATEMENT ............................................................................................. 6
4.	VISION & MISSION ................................................................................................................. 6
4.1	VISION..................................................................................................................................................... 6
4.2	MISSION................................................................................................................................................... 6
4.3	HOWWEWORK....................................................................................................................................... 6
5.	ACHIEVEMENTS AND PERFORMANCE (2024/25) ............................................................... 7
5.1	HIGHLIGHTS FOR THE YEAR....................................................................................................................... 7
6.	ENVIRONMENTAL RESPONSIBILITY .................................................................................... 7
7.	FINANCIAL REVIEW ............................................................................................................... 8
7.1	INCOME& EXPENDITURE........................................................................................................................... 8
7.2	BALANCESHEET....................................................................................................................................... 8
8.	RESERVES POLICY ............................................................................................................... 8
9.	RISK MANAGEMENT .............................................................................................................. 9
10.	PLANS FOR FUTURE PERIODS ............................................................................................ 9
11.	STRUCTURE, GOVERNANCE & MANAGEMENT ................................................................ 10
12.	STATEMENT OF TRUSTEES’ RESPONSIBILITIES ............................................................. 10
13.	INDEPENDENT EXAMINER’S REPORT ............................................................................... 10
14.	FINANCIAL STATEMENTS ................................................................................................... 11
14.1	STATEMENT OFFINANCIALACTIVITIES(SOFA-EQUIVALENT) ..................................................................... 11
14.2	BALANCESHEET AS AT31 MARCH2025 .................................................................................................. 11
14.3	RINGFENCED FUNDS2025 ...................................................................................................................... 11
15.	NOTES TO THE FINANCIAL STATEMENTS ........................................................................ 11

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UNCONTROLLED WHEN PRINTED BIRNBECK REGENERATION TRUST

Trustees’ Annual Report & Unaudited Financial Statements

For the year ended 31 March 2025

Reference and Administrative Details

Charity name: Birnbeck Regeneration Trust

Company number: 05077252

Charity number: 11030102

Registered office:

32 Southside

Weston super Mare

Somerset

BS23 2QX

Operational address:

Birnbeck Road, Weston-super-Mare, BS23 2EF

Trustees / Directors (in office during the year)

Mr Trevor Barnet
Mrs Rosemary Barnett
Dr Christopher Charlton
Mr Richard Griffin
Mr Paul Hatton
Mr Peter Lander
Mr Charles McCann
Mrs Lesley McCann
Mr Neil O’Donoghue

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Mr John Crockford-Hawley
Mr Robert Osborne Payne
Mr Michael Solomon
Mr Simon Talbot-Ponsonby
Mr Chris Wilkes — appointed 20/12/2024

Secretary: Mrs Heidi Griffin

Accountants / Independent Examiner:

Mendip Accounting Solutions Ltd

6 Hill Road

Clevedon

North Somerset

BS21 7NE

1. TRUSTEES’ REPORT

The trustees present their annual report together with the unaudited financial statements of the charity for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the Companies Act 2006, FRS102 Section 1A and the Charities SORP.

2. OBJECTIVES AND ACTIVITIES

The charitable objectives of the Birnbeck Regeneration Trust (BRT) are:

To secure the long-term restoration and public reopening of Birnbeck Pier, a Grade II* listed structure of national significance.
To advance education in heritage, maritime history, engineering, coastal conservation and environmental awareness.
To provide community benefit by enabling volunteering, heritage interpretation, events, artistic development, culture and learning.

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3. PUBLIC BENEFIT STATEMENT

The trustees confirm they have complied with the Charity Commission’s guidance on public benefit.

The Trust’s work benefits the community through education, heritage conservation, environmental awareness, wellbeing activity and regeneration.

4. VISION & MISSION

4.1 VISION

A restored, safe, accessible Birnbeck Pier and environs reconnected to the mainland and operating as a heritage, learning and community destination for future generations.

4.2 MISSION

To rescue and regenerate Birnbeck Pier and environs through:

Heritage-led regeneration, led and delivered by North Somerset Council
Education and interpretation
Community and volunteer engagement
Environmental responsibility
Long-term sustainable operations

4.3 HOW WE WORK

BRT operates through:

Collaborative regeneration with North Somerset Council, RNLI, Historic England, engineers, funders and volunteers.
Conservation-led decision-making, respecting Victorian engineering and the site’s status as a scheduled historic structure.
Volunteer involvement, with year-round activity including Operation of the Hub Information Centre, maintenance support, community events, heritage outreach, environmental awarness and research.

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Transparency and accountability, with regular reporting to trustees, members and the public.
Environmental responsibility, including ocean-plastics education and sustainable procurement.

5. ACHIEVEMENTS AND PERFORMANCE (2024/25)

Using the actual financial statements as audit-free evidence of activity:

Turnover of £39,044 was generated in the year (2024: £56,197) reflecting significant volunteer-led trading, fundraising and community activity, including:

5.1 HIGHLIGHTS FOR THE YEAR

Delivery of the LooVre Community Art Space, transforming a derelict former toilet block into a community hub supporting arts, education and ocean plastics awareness.
Expansion of the Birnbeck Precious Plastics initiative, supported by new equipment and increased community engagement.
Continued public outreach, including heritage talks, RNLI partnership engagement, school and community visits, and events supporting Weston community activities.
Volunteer achievement, with large volumes of hours invested in heritage education, events, litter-picking, research, public engagement, building refurbishment, and fundraising.
Strengthened governance, including appointment of trustee Chris Wilkes on 20/12/2024 and clearer operational processes.
Improved financial management, resulting in a year-end surplus of £15,131 (2024: £32,495) and strong liquidity.

6. ENVIRONMENTAL RESPONSIBILITY

BRT continues to grow its environmental focus through:

Ocean plastics education & recycling via Birnbeck Precious Plastics.
Sustainable use of materials, reuse and recycling wherever possible.
Supporting coastal ecology education through events and interpretation.
Volunteer-led shoreline care, including regular clean-ups.

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7. FINANCIAL REVIEW

7.1 INCOME & EXPENDITURE

Turnover: £39,044
Cost of sales: £21,561
Gross profit: £17,483
Administrative expenses: £2,352
Operating profit for the year: £15,131 (2024: £32,495)

Administrative expenses were primarily:

Premises costs (£780)
Insurance (£977)
Telecommunications (£441)
Subsidiary website, postage, printing, sundry costs etc. (See Trading P&L on page 7)

7.2 BALANCE SHEET

As at 31 March 2025, the Trust held:

Cash at bank: £84,660 (2024: £69,529)
Net assets: £84,660
Shareholders’ funds: £84,660

This represents a further strengthening of the Trust’s unrestricted funds.

8. RESERVES POLICY

Trustees aim to maintain unrestricted reserves at a level sufficient to cover at least three months of core operations, including governance, insurance, premises costs and basic operational delivery.

At year-end unrestricted reserves of £11,936.08 comfortably exceeded the minimum requirement and are essential to underpin the long-term restoration programme.

The following sum should be invested in an account which can offer the highest interest - £54,761.08

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9. RISK MANAGEMENT

The Trust maintains an active risk register covering:

Financial sustainability and variable income
Safeguarding and health & safety (including coastal environment risks)
Governance and compliance risks
Project delays in the multi-phase restoration project
Stakeholder and reputational risks
Environmental and coastal risks (weather, erosion, tidal conditions)

Mitigations include strengthened governance, insurance, financial controls, volunteer training and partnership working.

10. PLANS FOR FUTURE PERIODS

Key priorities:

Furthering the strengthening of the Trust to become operators of Birnbeck Pier by engaging additional Trustees or advisors who can compliment those Trustees who can deliver a operational business model to ensure suratinability.
Supporting public awareness of the pier bridge restoration, expected to begin during the next project phase.
Strengthening the case for further funding toward island buildings and visitor infrastructure.
Continuing to develop community use of mainland buildings, including the LooVre art centre.
Expanding ocean plastics education, heritage programming, and school engagement.
Growing volunteer capacity, training, and community involvement.
Delivering sustainable future operations aligned with conservation requirements and public access goals.

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11. STRUCTURE, GOVERNANCE & MANAGEMENT

BRT is a charitable company limited by guarantee governed by its Articles of Association.

Trustees/directors serve staggered terms and are recruited based on skills needed for heritage regeneration, community engagement, governance and fundraising.

The Board meets monthly with additional working groups overseeing:

Finance
Operations
Communications
Marketing and Outreach
Human Resource

Operational delivery is delegated to the Operations Director and project leads, supported by volunteers.

The Chair has been granted authority to approve with 2 other Trustees outside a committee meeting up to the sum of £1,000 and to agree urgent operational requests if there would be no financial or reputational risk to the Trust or Trustees.

12. STATEMENT OF TRUSTEES’ RESPONSIBILITIES

Trustees are responsible for preparing the Annual Report and Financial Statements in accordance with UK accounting law and standards. They must:

Select and apply appropriate accounting policies consistently
Make reasonable and prudent judgements
Prepare accounts on a going concern basis unless inappropriate
Keep adequate accounting records
Safeguard the charity’s assets

13. INDEPENDENT EXAMINER’S REPORT

To be inserted upon receipt of the signed independent examiner’s statement (the uploaded report includes the accountant’s compilation report, not the full independent examination wording).

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14. FINANCIAL STATEMENTS

The following include the SOFA-style detail based on the submitted statutory “Profit and Loss Account”, “Balance Sheet” and “Trading P&L”.

14.1 STATEMENT OF FINANCIAL ACTIVITIES (SOFA-EQUIVALENT)

Using Companies Act small entity format

| Income | £39,044 |

| Cost of Sales | (£21,561) |

| Gross Profit | £17,483 |
| Administrative Expenses | (£2,352) |
| Net Income / (Expenditure) | £15,131 |

14.2 BALANCE SHEET AS AT 31 MARCH 2025

Cash at bank and in hand: £84,660
Net assets: £84,660
Funds: £84,660

14.3 RINGFENCED FUNDS 2025

Plaques - £42,825
Maintenance Fund - £2,000
LooVre - £5,500
BRT Management - £7,000
Contingency - £15,398.92

15. NOTES TO THE FINANCIAL STATEMENTS

General Information

BRT is a private company limited by shares, no. 05077252, registered in England & Wales, with its office at 32 Southside, Weston-super-Mare.

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Accounting Policies
Historical cost convention
FRS102 Section 1A
Turnover recognition policy for sale of goods and services
No employees (2025: NIL)

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Mr Christopher Wilkes

Birnbeck Regeneration Trust Accountant's Report For The Year Ended 31 March 2025

In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 March 2025 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

04/12/2025

Mendip Accounting Solutions Ltd 6 Hill Road Clevedon North Somerset BS21 7NE

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Mr Christopher Wilkes

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Birnbeck Regeneration Trust Notes to the Financial Statements For The Year Ended 31 March 2025

1. General Information

Birnbeck Regeneration Trust is a private company, limited by shares, incorporated in England & Wales, registered number 05077252. The registered office is 32 Southside, Weston Super Mare, Somerset, BS23 2QX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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Mr Christopher Wilkes

Birnbeck Regeneration Trust Accountant's Report For The Year Ended 31 March 2025

04/12/2025

Mendip Accounting Solutions Ltd 6 Hill Road Clevedon North Somerset BS21 7NE

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Mr Christopher Wilkes

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Birnbeck Regeneration Trust Notes to the Financial Statements For The Year Ended 31 March 2025

1. General Information

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

2.2. Turnover

Sale of goods

Rendering of services

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

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CONFIGURATION CONTROL

CONTENTS

Trustees’ Annual Report & Unaudited Financial Statements

Reference and Administrative Details

Trustees / Directors (in office during the year)

1. TRUSTEES’ REPORT

2. OBJECTIVES AND ACTIVITIES

3. PUBLIC BENEFIT STATEMENT

4. VISION & MISSION

4.1 VISION

4.2 MISSION

4.3 HOW WE WORK

5. ACHIEVEMENTS AND PERFORMANCE (2024/25)

5.1 HIGHLIGHTS FOR THE YEAR

6. ENVIRONMENTAL RESPONSIBILITY

7. FINANCIAL REVIEW

7.1 INCOME & EXPENDITURE

7.2 BALANCE SHEET

8. RESERVES POLICY

9. RISK MANAGEMENT

10. PLANS FOR FUTURE PERIODS

11. STRUCTURE, GOVERNANCE & MANAGEMENT

12. STATEMENT OF TRUSTEES’ RESPONSIBILITIES

13. INDEPENDENT EXAMINER’S REPORT

14. FINANCIAL STATEMENTS

14.1 STATEMENT OF FINANCIAL ACTIVITIES (SOFA-EQUIVALENT)

14.2 BALANCE SHEET AS AT 31 MARCH 2025

14.3 RINGFENCED FUNDS 2025

15. NOTES TO THE FINANCIAL STATEMENTS

Mr Christopher Wilkes

Birnbeck Regeneration Trust Accountant's Report For The Year Ended 31 March 2025

1. General Information

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

2.2. Turnover

Sale of goods

Rendering of services

3. Average Number of Employees

Mr Christopher Wilkes

Birnbeck Regeneration Trust Accountant's Report For The Year Ended 31 March 2025

1. General Information

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

2.2. Turnover

Sale of goods

Rendering of services

3. Average Number of Employees