Company rogIstrati number. 05874265 Charlty raglstrallon numb8r. 1116204 Annual report and unaudited financlal statements for the p8rfod ended 31 December 2025 Teign Heritsge (limited by guarantee)
Teign Heritage (llmlkd bygHankn) Conlonts pag8 for tho perk#J er¥J8d 31 DeceAnbw 2025 10 12 20
Telqn Heritsge Tru$tee8 Report For theyear ended 31 Do¢ember2025 The Trustees, who 8re also dire¢tors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity forthe 14-month period ended 31 December 2025. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20261. CHAIR'SSUMMARY The Trustees are pleased to present their annual report to 31 December 2025. This is for a 14- month period, reflectingthe Trustees, decision to change the year-end from 31 October to 31 December. It has been a su¢cessful year. A lot has been achieved but, financially speaking. ouy results were disappointing. Our income was not enough to match our costs. including expenditure on essential maintenance and upgrades. We have to be careful to plan for the future against ever rising costs so as not to deplete our limited reserves. Do please read on. Richard King, Chair OBJECTIVIESAND ACTIVITIES Objectives and aims The Charity's vision is 'Telling the stories and keeping the memories of Teignmouth and Shaldon alive, for the communities ofTeignmouth and Shaldon. That is how we aim to carry out the formal object of our Charity. which is the advancement of education in parti¢ular by- promoting interest in the history and heritage of Teignmouth. Shaldon and th surrounding district I'the Area'l: maintaining and developing the museum for the Area.. and a programme of lectures. displays. discussions and visitsto extend knowledge of the Area and of history in a wide context. Teign Heritage is a local museum, run entirely by volunteers. Our Curator looks after the collection and our permanent exhibitions in the two main galleries. Our te8m of archivists responds to enquiries and produces our temporary exhibitions. They also research topics for articles to put online, in printed monographs or in th& l¢e-yearLY Friends, Journal. We off er le¢tures 8nd themed visits for 10¢81 schools and societies. Our fully equipped Teign Room is available for school visits and for hire to community groups and businesses where possible. Otherfacilities include accessible toilets. baby changingfacilities, a lift, a roof terrace and B retail offer. ACHIEVEMENT AND PERFORMANCE In March 2025. we completed the long-awaited application to renew our accreditation- the UK industry st8ndard for museums and galleries- which had involved a great deal of thought and hard
Telgn Herltsge TN8te88 Report Forthe>*orended 31" December2025 work from our leadership te8m• Particular ourthen Centre Manager and SeniorArehlvlst, over several months. While WB were quietly confident in our application, it was nonetheless encouragingto read this assessmentfrom ourAccredltation Mentor from Museum Development South West. In the shorttsme I have worked with the mus8um I have foundit to be 8 thrivin& fovard thinknng organi88tion which undetandS its audiences well. ... The te8m 8IP 8Iw8ys looklngat ways to Improv8 the qualityof the vrsitand the care of their collections. Teign Heritage is a fabulous museum which I thomughlyenjoy workingwith.. Atthe beginningofDecember. we finally had contirmation from Art8 Council England thatwe had been successful. Thls is a 81gnTlicant achievement. Accreditation is offici81 recognltion ol musaums that'manage their collections property, engage with visitors, and are governed appropriately,, which giv88 us th& confid8nce to appiyfor much-ne8d8d grants. Fiv&'ar&as for developmenvwere suggested. vthlch the Trustees willbe considerlng in the months 8head. After thg yeor-end, oursenior Archivr8t Secured e £30.000 National Lottery Project grant for'new media for better access and wider 8udiences'. It includes a muttlmedi8 touchscreen in the Nuseurn, irrformatlon screens and heritage trail boards inTeignmouth and Shaldon re8P8Ctiveiy. upgradlng our cotBloguingsoftwere and much elge. Acknowledgemont 8ndthank8 Earty in theyoar. Malcolm Tipper r8tired as ourcentre Manager after decldingto movefromsouth Devon. The Trustees held 8 reception to thank him and Eileen Simpson (Education) forthelr great contributlons to the life of th6 Museum. not least in Malcolrn's work leading up to our r8- 8ccreditation. Followng her emigration, Beverley Knowles had kept involved but in March 2025 her resignatlon as trustee was reiuctandy accepted. Aftgr the year-end, owing to health Issues, we also Lost the s8rvices of Ngil Beaton lour Treasurer who Sadly died) and Geoff Wood (IT and social medial. Dr Chrlstopher Dawes also stood down 8sTruslee. In their difler8ntwaysth6ytoo rnade signlflcant contributions toTeign Heritege. Neil had encouraged us to adopt the new year-end. to coincide Yth the catendaryear, and new accountingsoftwareto glve usa better understsndingof howwearedolng. both In ourworkasa charlty and Inthe'busin8ss' sldethat pays forthatlvork. In November. retired bank man8gerSteve Thompson bec8me a trustee. And in April 2026 he was joined by retirad accountant E[e Doe. Together. thay h8ve wven us some important flnanclal guidance after the Sad Loss of our Treasurer. Jo Hyde (Curator) aLso joined us os Trustee, providing an important Ilnk with the Museum Management Commtttee. Though no longer a Trustee, lan Mr(cheU continue$ to glve up great de81 of time to the buildings and complianc8 sid&. The ¥ust#ined ¥uGGgss of Telgn Heritage- despite inevrtable funding challenges - is du8 to tho dedicated work of our marby volunteers including archivists. front of house members and the education tsam. A cr8am tea was Ven in thanks fcf ali they do. W8 ar8 very grateful for th8 contributions of the Museum Management Committee, now chaiied by Jo Hyde. con818ting of JayneAdam88 Ivolunt8ercoordinatorl. RosemaryBooth larchNesl, Ruth Cole Iwhothankfully has
Telgn Herttage Tw8te88 Report Fortheyear ended 31° December 2025 resumed h8r previous position as bookkeeper), Karen Evans loffice manager). Theresa Killoran Imembers and funds), lenny james Iretaill, Christina Sivit8r (compiler of 50 years stories). Charlotte Stoner leventsl. Rosie Walden (front ol house) and Lin Watson (Senior Archivist). We should also mention Lynne Godber. our new Education Leader. Geoffrey Davis who edits our twice-yearly Journal and Martin Walden who now oversees our Health & Safety. but there are many others who do important work in the background. Buildings management and compliance With a building that is. in its current form. nearly 16 years old, it is only to be expected that some renewal is needed. The exterior of the newer parts and of the old Georgian part has been repainted and much admired, but our air conditioning badly needs replacing and this will be a major expense. In this and other areas, lan Mitchell's considerable experience of buildings management and rtsgulatory compliance rernains invaluable. He has overseen a lot of work and given great attention to the detail of our contractual arrangements with utililies and suppliers, achieving significant savings. We have upgraded our hardware and operating systems which. despite some work in recent years, were elderly and vulnerable. At the end of the year. we received an independent rtsport on our safety management system, and the action plan it offered is being implemented as appropriate. Membership> foottalland charges At the end of the period under review, the number of members was approximately 300, and recruitment has continued. The very modest subscription tor membership of the charity (soon to rise to £201 entitles subscribers to visit the Museum as many times as they wish during the year, saving them £5 per visit, and 81s0 to Use the extensive 8rchive for research. They also receive the Friends, journal twice a year and eight fTee lectures. Policy in the IBst lew years has been to open for longer during the winter months, and the response has been encouraging. Over the last four years there has been a steady increase in the number of visitors from 3045120211221 to 413512024125 - 14 monthsl- Overall footfall including schools. classes and events has also risen considerably, from 8883 in 21122 to 14,404 (for 14 months, but the period includes two Christmas closures). which is back to pre-pandemic levels. School visits are restricted by funding shortages, but there has been ex¢ellent feedback from those who have visited. In July 2026 we had the annual meeting of the Friends of Teignmouth & Shaldon Museum. to explain what the Trustees and Management Committee had achieved in the extended financial year. Lectures. exhibition5. history walks and other local events In the 14 months to 31 December we enjoyed talks on the RNLI la repeat of a highly successful first presentation): the local impact of the Poor Law.. William Henry lones and the village of Manaton,. sn 8rtisti¢ response to our 'Sun. Sea and Shifting Sands exhibition,. the histories of
Tel Herftaq8 Trustee8 Report Fortheyear onded 31"De¢8mber%Y25 Glend8ragh nursing home. Labrador Bay and Shaldon Wldilfe Trust; Teignbrldge wildlife,. Eddystone Ughthouse. m8mori88 ofworld War Il. the legacyofAiice Cross. Church Rockswreck Icelebrating the 50 gnniversery of its discovery): Tei8mmouth in the 19208. the River T8ign; Chan8lngW8ather IM8t Office). Telgnmouth Docks and Three Bishopsteignton Admirals. We also arranged exhibltions on 150years of Teignmouth Rugby Club; the historyof L8br8dor Bay: paintings from our archives. Ats"ce Cross (the charnpion Df eideriy people in TeignmoLrth and Shaldon}: the history of the local seaside and the impact of wlld weather {p8rt of tho'sun, Sea and Shifting Sands. envlronmental proiectl: the history of Shaldon Wildfe Tru8t and Tolgnmouth in the 19208. At TA4G ffeignmouth Arts Action Group). Teign Heritage was r8presenl@d 8t a °Charities and Communlty Groups Show" in JRnuary. followed by an exhibition of relief prints by the Wooden Spoon Pr888. In the 8ummer. 81t$ to Kents Cavem and Teignmouth Docks. as well ag a River Cruise and Cream Tea at Exmouth. were also arr8nged for our members. We BLSO continueto run heritage open day8 et the Museun). We were giqd to arrange another short season of hlstory W8Lks with Bob Blew. and visits for volunteers to places of historical intere3t in Devon. We also gave talk8 to the residents of Lo¢91 cgre hom88. We continue to workwith local charitlesthe Pwlions. TAIG ITeignmouthArts Actlon Group), The Atice Cross Community Centre and Teignmouth Library on theTeignmouth Together ProjecL Glftg and dovelopments at the Museum Members ofthe pubiiG. both localtyandfromfiJrther afield. have continued to dongt8 objectsand Images to the Museum Co118ction from time to time. Perhaps the most 8ignlflcant addr(ion has been a mounted box of shards from Telgnmouth Ei8Ctron, the wrecked trimaTrn salled by Donald Crowhurst who died in tragic circumstsnces In 1969 during the Sund8y Times Golden Globe R8ce. The wdowof Craig Rich. the BBCforniervwthermBn, has also given us his records ofthat race, through which he revealed the true story behind Crovthurst's disappearance. We ara working hard to digitise our archSvg8 and 80 make them more acces8lble to tho general public, end we have 8ire8dy made our coii8Ctton8 C8talogue available online. Planning meetings are held with archiSts and othervoluntser8. som8 of whom continue to work remotely. Every new front of house member receives the Voiunt8er8' Handbook. which is currently being revised, 8nd 8 welcome pack is gtven to new volunleers. Young volunteers are strongly oncouraged, as are work experiencg Students" in that contexL saf8guarding rom8ins 8 prlorlty. Among our efforts to recrutt more voiuntsers we have also been very pleased to accept work experience oppiicationsfrom students at Exetsr Universty and Exet8r Coll8g8. Publ1¢ benefit The Trustees have had regard to th8 Charity Commission's general guldance on publlc benefit. p8rticulariy when remewing our aims and objectlves and planning future events. They are satisfied thatthe charity'sactivits8s Usted abo do brlngsignificant benefrttoth8 public in terms of education and con88rv8tion. without detriment or untoward prNate benefft.
Teign Heritsge Tru8t088 Report Forthe year ended 314t D8C8mber 2025 Forward Planning In connection with the application for accreditation, the Trustees reviewed their 5-Year Plan Iwhich covered the main areas of Education, Community Participation, Finance, Personnel, the Collection. the Building 2nd Systems Management) and adopted in its place n8w Objectiv8s and Targets. These are kept under review. Talk of a much-needed new second-floor gallery remains on hold while we lack sufficient resources- both financial and personal- to build and manage it. FINANCIAL REVIEW Summary The finances hBve been managed by a treasury team led initially by former Trustee Beverley Knowles and then by Neil Beaton (Treasurer). The Trustees accepted Neil's recommendation to change the year-end to coincide with ihe calendar year. Following his sad death soon after the year-end, Trustees Steve Thompson and, latterly, Elli6 Doe have taken on that responsibility, assisted by Ruth Cole who has rejoined us as bookkeeper. We also decided to change banks but the process has Proved to be frustrating. The accounts show that income forthe 14-month period to 31 December 2025 was £33,402 (year to 31 Octobtsr 2024.. £49,848) and expenditure £50,20112024.. £49,637). giving a deficitof£16.799 12024.. £211 surplusl. These figures exclude changes in investment values. Adjustments have been made in respect of subscriptions received in NovemberlDecember 2025 leffe¢tively for 20261, given that those for the year 202412025 were received in the same accounting period. Last year's welcome legacy income was not repeated. With one exception, we w6re not as successful, compared with previous years. in securinggrant income for specific projects. Grants from local authorities have dried up completely. Income from entry fees was down, but that was partly off set by donations received in August when we again experimented with tree entry. Although subscription and education income was down, we did well with events and research. and there was a welcome increase in shop sales and rentals. It is ¢1&8r that we need to find new revenue streams if we are to avoid losses. let alone expand our operations. The figures below show the trend in recent years. 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2025 114 mnthsl Income £39064 £41860 £33722 £119164 £37683 E55391 £49848 £33,402 Expenditure £37554 £49898 £49569 £93247 £35420 £59242 E49,637 E50,201 Surplus/ £1510 [£80381 (£158471 £25917 £2263 IE38511 E211 1£16.7991
Tkn Herft40 Tru8tse8 Rewt Fortheyear ended 31#Docemb8r2025 Grants and lundlng We no longer racelve an annual gnI from TO1mth Town Council or from Shaldon P8rish CounciL Since Teigmbridge District Council withdrew tts support of the SW D8velopment Fund. we hav8 not been eligibia to apply to th* Fund either. This year. we rec8iv8d no don8tlons from Counciliors outof theircommunltyfund8. We continue to pursue other giants to carry out improvements to the Museum. An application for 8 National Heritage Project grant Was made during the year and thi8 was racelved after the year-end. Investmenl Pollcy Apart from retalnlng a prudent amount in reserves each year as gxpiained bglow, most of th8 charity's funds are to be spent in the short term so there are few funds 8V8iLable for long term Inve8tment. We have 8 modest emount invested in COIF Chartties Investment Fund, run by CCL4. Thls Investment is regularly rewewed, Ixrt the Trustees consider it to be 8 iong-tert investment Bnd are reluctant to be swayed by in8Mtabie volatillty In 8tock market performancè, especially in Ihe current politicaland world situation. Reser$ Pou Aformal policy on resefves. agreed tythe Trustees. aims to havethe foiiowingfunds held: working eaplt81 {12 months'turnov8rl reservefor future matched funding in grant appbcations essential improvements to building including'La Terras8a' (top floor galieryl Costs associated with forced Glosura £40,000 £15,000 £50,000 £10.000 We are theor8tlcally slightly ahead of our rnserve8 target. with total free lunr88trlctsdl investments and cash at £128,000 at the year-and. But. although redund8ncy costs ar9 not an 188ue- at L88St for the fore888able future - 8 further review is likely to show that this tsrget18 not ambitlOU8 enough, in the knght of 8xpenditure alTrady in the pipetine and further information received in regard to the cost of buiidingth8topfloDr g8U8ry. FLrfuRE PLANS Looklngahgad Work continues on updating our p0cleS and procedures in line with the requirements for the Accreditation Stsndard from Arts Council England. The'L8 Terr88se' projec( to develop outthetopfloorof the Museumto prode 8dditiona18pace, remalns on hold untiL$ufficlent r6sour¢es-in temis of both funds and skllled personnel- can be found. W6 are iooknng to recruit more volunteers, including Trustses. with the n8c88sary skills in education, fund-raising and social mèdia. It h88 not b86n possible to fili the rola of Centra Manager. but our other managers have fiLied the gap with great sknu and dedication.
Toign H8ritogg Tru8tees Report For tha year ended 31" December 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Structure Teign Heritage is 8 charitable company limited by guarantee, incorpor8ted on 12 july 2006 and registered as a charity on 25 S6pternb8r 2006. As a Charity, it is able to dispense with the word 'Limited' in it8 name. The company was established under a Memorandum and Articles of Association which set out the objects and powers of the Charity and how it is governed. In the event of its being wound up, its members (who are also the Trustees) are required to contribute an amount not exceeding £10. The directors Bre also the charity trustees for the purpose of charity18w, so under the company's Articles they are described as Trustees. They are eleeted to seNe for a period ofthree years, 8frer which they can be re-elected (by the Trustees themselves, in their Capacity as the company members) at the next AGM LJP to a maximum of three consecutive terms. The Articles adopted in December 2019 permit a trustee to continue in off ice for up to three further periods of one year if the other members unanimously consider it to be in the charity's interests for the trustee's maximum nine years, service to be extended. In two cases, we have taken advantage of that provision. Govarn8n¢o The Trustees-who now include the Curator- are supported by a Management Committee which oversees thts day-to-day management of the Museum. including the education programme, events and retail sales. The Management Committee also assists with recruitment and supervision of volunteer front of house members and archivists who are essential to the functioning of the Museum. Trustees land indeed volunteers) have traditionally been recruited by word of mouth among local people known to be interested in heritage matters. Some external advertising has also been carried out locally. Currently thtsre is no formal induction process for Trustees as the trustee induction pack is still under review following our re-accreditalion. Meantim6 their attention is drawn to our policies and procedures and to the Charity Commission's CC3 guidance I'the Essential Trustee.. what you need to know'l and to available seminars and workshops. The Curator and Senior Archivist attend museum-related meetings such as the Teignbridge and Devon Museums Groups and RPRP. the Rural Proofing Resilience programme developed by South West Museums Development. All Trustees give their time voluntarily and received no benefits from the charity. They may claim expenses but in practico none of them does. Trustees and Personnel The responsibility for managing the Museum and tho wider Charity rests with the Trustees. supported by our Curator, Senior Archivist. office and retail managers and other members of the MMC as we have explained above. We are very grateful to them and to all our front of house members and volunteers, without whom the Museum could not function. We still need more volunteers to carry out the many tasks that are needed to make the Museum work. We have noted various Changes in personnel above.
Telgn Horltage Trusteea Report Forthe year ended 31•¢ December 2025 Rlsk Management In addition to ongoing rlsk assessments in regard tovisitors. hirers and schoolvisits. the Trustees annually assess the major risks to which the charity as a whole15 exposed, In partlcuiar those relating to th8 OpetIOnal areas of the charty and its finance8. by identifying and ranking risks in terms of th8ir potential impact and likehood. The Trustees have reviewed those risks and iaken such Steps to mitigate them as they are able. Related Partl85 There Sre none. REFERENCE AND ADHINisfRATNE DAll$ Registered Company Number 05874265 (England and Wales) ReyJst¢rod Charity Number 1116204 Reglstered Offlca 29 Franch Street Teignmouth Davon TQ14 8ST Trustees Mr B Dennett Dr C A Davies (resigned 19.5.261 MTS E M E Doe (elected 18.4.26) MrJAEv8n8 Mr A R G King ICh8ir of Trust8881 Mrs l J Hyde (elected 11.5.261 Mrs B Knowles {restgn8d March 20251 Mrs CThompson (elected 17.11.251 Indopfjndont Examlner David Rudall FMAAT AFA Greenwood Accountancy Ltd 5 P8lLew kncade T¢ignmouih DevonTQ148EB
Teign Heritage Trustees Report Fortheyaar onded 31" Decembgr2025 Solicitors Tozeis LLP Broadwalk House Southernhaywest Exeter EXI 1 UA Bank Lloyds Bank plc and Co-op Bank REFERENCE ANDADMINISTRATIVE DETAILS l¢ontinuedl Treasurer- Neil Beaton luntil 15.2.261 Curator- lo Hyde Senior Archivist - Lin Watson Office Manager- Karen Evans Management Committee Jo Hyde Ichairl Jayne Adames Rosemary Booth Neil Beaton (until 15.2.281 Kar6n Evans lennylames Theresa Killoran Christina Siviter Charlotte Stoner Rosie Walden Lin Watson Geoff Wood Richard King (Chair of Trustees) also attends Approved by order of the board of trustees on 17" August 2026 and signed on its behalf by.. A R G King-Tru8tee
Independanl eXanS rept to tr dTelgn kknltsga I report on th6 accounts of Te¥Jn Heritage (tt 'ctrwritable wmpanf} for the peiiod ended 31 De(xmb8r 2025. Re8kNywIAIM88 8rKI baskn of r8rAxt As Iruslees of the charitabk company land also 115 dKector5 for Ihe wrp08es of capanY lawl, you are responslble for the preparation of the aco)unts in acCOrdar with the requirements of th& Companies Acl 2006 (Yhe 2006 Acr). Having satisfied mysglt that the ac(x)unts of Ihe (thiitable company are not requlr6d to be audited undèr Part 16 of fhe 20 Acl aThJ are 0gIe for indepeThJenl examinath)n. I report in r88P8cI of my 8xamin8tion of the charitable company's accounts carried oul under SeCtn 145 of Ihe Charrties A(A2011 1.the 2011 Acri ond in Carrying out my examination. I have folowe(1 811 applcab]e Directions glven by the Charity Commission under 14515llbl ofthe 2011 ACL I have ujmpleted my examinalion. l conffimi that rK) mateTÈal matters have cine to my atlonuon In connection with the exsminalk)n gillng me cause lo belTrevg that in any material respect: 1. accoijnting records were not kept in res of the drftab (ompany as required by sedk¢n 386 of the 2006 ACL. or 2. the accounts do not acts)rd wtlh those records. or 3. the accounts do not comply the accountiru reqviremenls of seclion 396 of the 2006 Act other than any requirement that the accounts give a'true and lairf view vthich not a matter considered as part of an indeperKlent examinaon- 4. the accounts have not been rryared in a(rdar wrth the meihcrfjs and ofthe Statement of Recommended Practice for accounting and reporbng by charities lappiicable to charities prepartng their awounts in accc*dance with the Flnanc481 Re[ing Stsndard app(blO in the UK and Republic of Ireland {FRS 10211 I have no concerns arKI have come acmss no 0th8r matt8rs in connection wth the ex8mlnatlon to which attention shr)uld be drawn in this reF<Jrt In order to enable a prcyer understanding of tha aUnts to be reached. Davtd Rudall FMA4T AFA Grognwood AcGountanGy Ltd 5 Pell8w Ar(8de Tolgnmouth Devon TQ14 8EB United Kingdom Date.. 18th August 2026
Teign Heritage (Ilmtted by guarantee) statement of financial activities for period ended 31 December 2025 Pertod and 31 Oct 24 ended 31 DeG 25 fvnds fund8 Totsl funds Total funds Inwme from: Donations and legacies 4,184 1,710 5,894 20,474 Charitable activities 20.102 20,102 21,364 Other Irading activities 7,049 7,049 6,043 InveslrNenls 357 357 407 Olher 1,560 31,692 1.710 33,402 49,848 nditure .. Raising funds 14,4211 14,4211 14.1091 Charitable activities 142,3471 13,4331 145,7801 145.5281 Totsl 146,7681 13,4331 150.2011 149.637} Nel Ilossesl I gains on investments 15611 {5611 9,742 Net movemont in funds 115,6371 11,7231 {17,3601 9,953 Re(c111atl0n of fijnds: Totsl fund8 brought forward 141,986 804,792 946,778 936.825 Totsl fvnds ¢•nl8d fOard 126,349 803,069 929.418 946,778
Teign Heritage Balance Sheet as at 31 DeCber 2tr25 31 Dec 25 31 OL24 Tangible a8sets 16 7,931 796,931 Investrnents 17 98,232 78,793 895,163 875,724 Stocks 18 2,998 Debtors 19 1.147 3,593 Cash al bank and In harKI 34.475 86,651 38.620 73,242 Credttors.. amounts falling due wmhin one year 21 (4,365) 12,188} 34,255 71,054 NErSSErs 929h18 ThB funds rfth8 Unrestrlcted funds 126.34Y 141,986 Restrlcted lunds 803,069 804,792 TOTAL Futr 929A18 The company was entitled to exemplon from audit under section 4TT of the Companies Act 2Q(A relating to srnall companies for the perK)d ended 31 December 2025. The members have not required ts fx)mpany to ijbt2in an audit in armrdance with section 476 of the Companies Act 2006. The trustses 8cknowledg8 thelr responsitxlities to mplY wAlh the C(¥npani88 Act 2006 in r88PeCt to accounting records arKI thè preparati of financial statèments. The financl81 statem8nts have been prepared in acoxdance the prowions apFlicab18 to ¢mp8nl88 subject lo the small companies reglme.
Teign Heritag8 (Ilm by 9uar•ntèè) Balance sheet- contlnued as at 31 D8c6mber 2025 These financial slalemenls werè approved by the Board of trustees and aulhorised for issue on 17th August 2026 and signed on its behalf by.. A R G King- Trustee
T8lgn Herltsg8 hnw by5Nwants•) for the pwlod erKlod 31 2025 Telgn H8rilage Is a (tharitabl8 wmpany registered in England and Wale5. Its company regislratK) number is 05874265 and its charity registration numtrw is 1116204. The charitable o)mpany is Imited by guarantee. Its registered office is 29 Frh StrgeL TeKJnmLMrth, D8von. TQ14 8ST. These ancIal statements of the Charttab company. whlch is a publlc benefft enty under FRS 102, hav8 be8n prepared in a(¥x)rdance Vth the Charities SORP (FRS 1021 'Ac(xunUng and ReptsrUng by Charities.. Sta19ment of Recommen(Jed Practice applb]e to charities preparing their CoUnts in arth0n the Financial Reporling StandarJ applicable in Ihe UK and Republio of Irdand IFRS 102} {effeclive 1 January 20191.. the Financi Reporting Standard 102 Tr Flnanclal Rewung Standard appllcable in the UK and Republic of Irelancf and tha CLvnpani6s Act 2006. Th8 financial statements have been prgpared under th8 hisl(Ki¢ st conventson. In.preparing these financial statements. the trustees have assessed vthethér there are any matla1 uncertainties related to events or condibons Ihat cast sn1cant doubt upon the charitable company's ability lo continue as a going rA)ncem. In making this a&$6ssmenL thg trustees takg into account all available information about the fubjre %thld) Is at l&ast 12 mc4rths from tho date U)al the financial statements are aulhorised for issue. Tha trustegs consider that the charilable company has adaquats r8sources to continue in bsInesS for the foreSble future and that It is appropriate to adopt the I>)n basis in preparfng the finarmxal statements. All income Is recognised in the StateMt of finan¢ial artses the Gharitsble fA)mpgny hes enliuement to the funds, il is Probab that Ihe income wl] be re¢Ved and and the amount can bg measured reliably. Liabllld88 are recognised as expendliure as S)n as there Is a legal or 0)nstruCt obllgatlon mmith'ng the tharitabla company to Ihat exp8ndilure. 11 is probabl8 that a transfer of economic benofits wll be required in settlement and amcrfjnt of the obligatk)n can be measured reliably. Expenditure Is accLNJnled fof on an ac(xuals basis arKI has been dassffied under beadings that aggregate all cost related tr) the tegOry. Whore costs cannot b& directly attributod to paiticular headings they have been dlocated to ac118$ on a basis CIXISl8tenl with the u$6 of resources. DeprecialKsn is provided al the fottowtry annual rates in order to writ& off each 8SSet over its estimated useful life or, if held uNJ8r a finance lease. over the lease tem, whlchever Is the shorter. Long leasehold property Plant and mathinery 11
Teign Heritaga {IknW byguarantsg) Notes to the financlal statemants - contlnued for the pariod ended 31 D8C8mb8r 2025 2 Accounting FboliGi8s- ntinUed Stocks are valued al the loweT of cost and nel realisable value, after rnaking due allowance for obsolete and slow rnoving items. Fund accounl Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Irusloes. Restricted fLJnds Can only be used for particular rttslri¢led purposes within Ihe objecis of the charitable company. Reslriclions arise when specified by the donor or when funds are raised for partiCLJlar restricted purposes. Further explanation ol the nature and purpose of each fund is included in the notes to the financial slalemenls. 3 Inwma from donallon8 and legades Pertod ended 31 Oct 24 onded 31 Dec25 Unr88trkted Ra8trlcted fund8 funds Total funds Total fund8 Donations Gift aid Legacies 3,478 706 1,710 5,188 706 10,956 2,920 6,598 20,474 4,184 1,710 5.894 Income from charftable actMUe8 PoricKI ondod 31 Dec 25 Partod ended 31 OGt 24 Unr98tr1caed R88trtctsd furKIs fun(ts Totsl fund$ Total fund8 General 20,102 20,102 21,364
Telgn Herltage yirt¢d bywarth) Nots8 to lh8 financlal slalements. for th8 pwlod 8rKled 31 De(xts 2025 ended 31 IJA24 31 Dac 25 fimd8 Trtal fvrK16 Total nd8 Admlsslons Educational aclivtties Rental income- rooms SubsGripti(HK8 Resear 6,366 22 8.642 3,953 1,119 20.102 6,691 680 9,297 4.205 491 21,364 22 8,642 3,953 1.119 20,102 5 Income ftom otherlradlw eAMiI88 31 Dac 25 31 Oct 24 Tdal furK18 Tclal (d9 Fundraising events Shop incomo 1,536 5,513 7,049 ,133 4.910 6,043 5.513 7,049 31 Doc 25 31 ¢X4 24 Tclal nds TrAal Interest receivable a1 milar income 357 357 407 13
Teign Heritage Olmlted by guarantee) Notes to tho ffnancial statements - continued ft>r the period ended 31 December 2025 7 Othor Inc¥ P8rfod 6ndad 31 DeG 25 Perfod ènd8d 31 O¢t 24 Unre8trfcted nds fiJnd8 Total fiJnd8 Total funds Gain on sale of fixed assets 1,560 8 Expendlium on r8181ng funds Ral8lng donatton8 and legad88 Porfod ended 31 Oct 24 ended 31 D6c25 Unrestrded Restricted fund8 funds Total funds Total funds Other costs 4,421 4,421 4,109 9 Expendlbjre on tharftabl8 actMU88 Anatysls by type of fund Poriod nded 31 Dac 25 Perlod ended 31 Oct 24 Unrestrl¢tsd Restslctsd funds fund5 Total funds Total fvnds General 42,347 3,433 45,780 45,528 Analy8Fs ty type of 8xp8ndlture Pedod ended 31 Dec 25 Pertod ondgd 31 Oct 24 Dired costs Support 18ee note ¢x)8ts Ise8 10} not& 11) Total Total General 45,234 45,234 546 546 45,780 45,780 45,528 45,528
Teign Heritage ohted bywarth) Notss to th8 finard81 statsments. conlInl 10 Dlrn& oJ8ts Perfod 31 D25 31 Oct24 fundB rth Totsl Totsl fvn Other costs Depreaation offLxed assets 41,801 3.433 46,234 36,918 7,609 44,527 41.801 3,433 45,234 11 Sw)rMxt Lxt8 Supwjrt costs, grourd by function. are aptIOned to actIve$ as follows: 31 Dec 25 31 Od24 General 546 1,(K)I SLfPPOrt costs, groukd by function. er8 analysed os folk)ws: 31 D8c 25 31 Oca24 Other costs 546 1,001 31 Doc 25 31 Oci 24 Fees p31d to the charitable compan$ Independent examiner tr. The tntstges dld not receive any remuneratlon 0thr b8nafits in either peri(MJ. 15
Teign Heritage Olmlted by guarnntee} Notes to the financial statements - continued for the period ended 31 December 2025 13 Trustees, remun8ratton and expenses- cntInUed No Iruslee was reimbursed for expenses incurred in either period. 14 Employo8B During the period the average number of employees was Nil12024 - Nill. No employees re1Ve emoluments exceeding £60,000 in either period. 15 Comparalves for the Statemant offfnandal actMUe8 Unr88Mcled fiJnd$ Re8trfcted funds Told fund$ Income fr¢xn: Donations and legacies 13,310 7,164 20,474 Charitable activities 21.364 21,364 Other trading activities 6,042 6.043 Inv8slmenls 407 407 Other 1,560 1,560 42,683 7,165 49,848 Expondlturo on.. Raising funds 14,1091 14,1091 Chariiable activities 128,7231 116,8051 145,5281 Total 132,8321 116,8051 149,637} Net gains on investments 9,742 9.742 Net movement In fijnds 19,593 19,6401 9,953 R8conclllatlon of fvnds: Total funds brought fonvard 122,393 814,432 936,825 Total fund8 cathed forward 141,986 804,792 946.778
Tolgn H8rftage Notes to the financaal statement8. ltird period ended 31 December226 18 flxed a88 prrwty mathlngry At 1 November 2024 At 31 Docembor 2025 901,805 901.805 11.246 11,246 913,051 913,051 At 1 Novewnber 2024 At 31 De¢emb8r 2025 105,204 105,204 10.916 10,916 116.120 116,120 At 31 Dec9mlr 2025 796,601 33D 796.931 Al 31 October 2024 796.601 330 796,931 In¥o81rngnts Al 1 November 2024 Additions Revalualh)ns At 31 DMb¥2025 78.Y93 20.000 15611 98.232 18 SknA 31 Doo25 310&24 Raw materials ar rxinsumables 2.998 2,998 17
Teign Heritage (lrnlt8d by guarante81 Notes to the flnanclal statements - continued for th8 period endad 31 Decembar 2025 19 Debtors 31 Dgc 25 31 Oc 24 Trade debtors 1.147 3,593 20 Cash at bank and In harKI 31 Dec 25 31 Oct 24 Bank deposit accounts Other bank accounts Cash in hand 23,216 11.253 30,649 35,878 124 34,475 66,651 21 Crodltor8: amounts falllry dua wllhh ona year 31 Dac 25 31 Oct 24 Payments received on account Trade creditors 3,841 524 4,365 2,188 2,188 22 Movement In fiJr#l8 At1 Novernbèr 2024 At31 Dmber 2025 Other IrK>Jme ExFwdllurè mov8ments UnrestrlLed t)Jnd8 General fund Annex Devèlopment and Maintenan 107,666 31,692 146,7681 15611 92,029 34,320 34,320 141,986 31,692 146,7681 15611 126,349 18
Teign H8rftag8 Olmknj by guarint¢o) for tha wl(xl K11 31 Dec8mbw%)25 At31 D•cmbw Annex Acquisitions Donald Crowhurst Proj6L King Family Trust Sun Sea arKI Shifting Sands fur Trail Boards 796.601 796,601 249 4,335 249 4,335 2790 1.710 13,4331 1,067 249 804,792 249 803.069 1.710 13,433} At31 T(al fundB 946.778 33.402 {50,201 } {561} 929,418 Other movwnents aknve are anatysed as folkJV. General fund 15611 At31 General fund Annex Development arKI Malntenance 42.683 (32,8321 7.422 107,666 32.OCKI 2,320 34,320 122.393 42,683 (32,8321 9,742 141,986 19
Teign Heritage Olmlted by 9uarantsè> Notes to the financlal statement8 - conllnued for tha period ended 31 December 2025 22 Mov8m8nt In fiJnd8- conlnued Comparatlv88 for movem8nt In fiJnd8- lntInu0d At31 At Incorm Eypgndlture movements 2024 R6strfthd fvnds AnF)ex AcquisitlOnS Chkjrch Rocks Wreck Donald Crowhursl Project King Family Trust NSNA Rugby Sun Sea and Shifting Sands fund Trail Boards 804,116 568 2,448 17,5151 796,601 568 2,000 14,4481 249 249 4,335 4,335 2,716 1,975 14,4421 12491 3,190 14001 2,790 249 814,432 249 7,165 116,8051 804,792 At31 Other Ino)me Exp8Thlltur8 movaments 2024 Total fund8 936,825 49,848 149,6371 9,742 946,778 Other movements shown above are analysad as follows.. Galngl (10s58s1 Transfer5 Totsl Unrostrl¢tod funds General fund Annex Development and Maintenance 12,3201 2,320 9,742 7,422 2,320 9,742 9,742 Galns I (lo68) Tran$fer8 R88tr1cted fund8 Donald Crowhurst Project NSNA RLJgby 249 12491 249 12491 Total fund8 9.742 9,742 20
Telgn Heritage byw8rts) Notes to the finanaal 8latemenls- n11nl for the wwxl erm1 31 DAr)er 2025 23 ofrnt a888ts At 31 tl8cwr*Jw2025 fund8 Total fvTrJs TangitrAe fixed assets Investments 330 98,232 98,562 796.601 796.931 98232 895,163 796,601 Stocks DebloTS Cash at bank and in haThJ 2.998 1.14e 28.008 32,152 2.998 1,147 34.475 38,620 6,467 6,468 Credllors: anUnts fallng due wlthin on8 year {4,3651 14.365) 27.787 6.468 34,255 126.349 803,069 929,418 N8ta886ts 126,349 803,069 929,418 21
Teign Heritage OIMtt by guarant••} Notes to the Ilnandal statsments - continued for th8 parlod ended 31 Dacember 2025 23 AnalyEls of not assgts- conllnuod At 31 October 2024 Unrestricted Restri(*od fund8 funds Total furKts Tangible fixed assets Investments 330 78.793 79,123 796,601 796,931 78,793 875,724 796,601 Currant a88ats Stocks Debtors Cash al bank and in hand 2,998 3,593 58,437 65,028 2,998 3,593 66,851 73,242 8,214 8,214 CdItors.. amounts falling due within one year 12,1651 1231 12,1881 Net ¢urrent assats 62,863 8,191 71,054 Total assetsloss current IlabllRIoB 141,986 804.792 946,778 Net a88ets 141,986 804,792 946,778 22
Teign Heritage for the period end1 31 Decem1 2025 31 Dec25 310£*24 INCOME Donations Gift ald Legacles 5,188 706 10,956 2.920 6,598 20N74 Admisslons Educalionaj actSvitl68 Rental income- rooms Subscriptions Research 6,691 8.642 3.953 1,119 9,297 4.205 491 1102 21.384 Fundralsiw evonts Shop income 1.536 5,513 1.133 4,910 407 Tolal In¢>y 49N8 Ral8lng dorAII(m and W68 Sundrfès Retail slod( Ttll costs 4.109 1,576 (U21) (4,109)
Teign Heritage (lrnitgd by guaranlg91 Detalled statement of financial actMties- continued for the period anded 31 D8cemb6r 2025 31 De¢ 25 31 Oct 24 EXPENDITURE- continued Chaiitable activitse8 Sundiies Repairs & maintenance Establishment costs Offi¢9 costs Other direct costs Grant spend on events Lecture & research costs Depn of long leasehold Accountancy and legal lees 2,241 19,552 9,709 7,480 2,734 3,483 35 10,338 10,451 4,354 2,086 9,689 7,809 1,001 546 (45.780) (45.528) Total expgndlture (50.201) {49.63n Net {expgndlture) I Income beforB gain8 and (16.799) 211 Net galn8 on Inv88tment8 (561) 9.742 NET (EXPENDITURE) I INCOME (17,3601 9.953 This page does nor fom7 part of the st81ulory fin8ntt31statoments. 25
Telgn Heritage Olned by Detailed 8tatement OfffiwK a(vli8 . thued the perKKI ended 31 Dnber 2025 31 D25 31 Oct 24 8UPPORTCOST8 1,001 I,(1 77plsp8g8 does notfomipart oflhesl8Artoryfv7an&alstateMts.