C(Anpany registratis)n number: 8459906 Charity registratiort number: 1157672 Bexhill Old Town Preservation Society Limited (A company limlted by guarantee) Ann1 Report and Financial Ststements for the Year Endcd 31 March 2024 Manningtons Chartered Accountants 39 High Street Battle East Sussex TN33 OEE
Bexhill Old Town Preservation Society Limitsd Contents Referenc¢ and Administrati Detsils Trustee5' Report 2to3 Statement of Trusteel R¢spLK)sibiffiities Independent Examinees Rcport Statement of Financial Activities 6t07 Balance Sheet 8t09 Note5 to the Financial Statements IOto25
Bexhill Old Town Prescrvation Society Limited Reference and Administrative Detsils Trustees Mrs D Smith Mrs J Downs Mrs K Clarke Mr W Morrls MrRKon Mr R A Beaden Mrs D Earl Mrs H Enock Prlnclpal Office 8 High Street Bexhill-on-sea East Sussex TN40 2HA Reglstered Offlee High Sireel Bexhill-on-sea East Sussex TN40 2HA The charity is incorporatd in Eng]and and Wales. 8459906 Company ReO5tratioD Number Charlty Reglstratlon Number 1157672 Bankers Barclays Bank plc I Churchill Place London E145HP Inve5tmeDt Advlsor Walker Crips Investment Management Limited Old Change House 128 Queen Victoria Street London EC4V 4BJ tndeptndent Ex4mlD¢r Manningtons Charteral ACnIants 39 High Street Battle East Sussex TN33 OEE Page I
Bexhill Old Town Preservation Society Limited Trnstees, Report The trustees, who are directors for the purposes of company law. present the annual report together with the financial statements of the charitable company for the year ended 31 March 2024. The Society was formed in 1966 and became a Registered Charity, No 295428 from the 30th October 1986. It was incorporated on 25th March 2013. No 8459906 and registerd with the Charity Commission on 1st July 2014. No 1157672. Its registered address is :_ 8 High Street Bexhill-on-sea Et Sussex TN40 2HA Trustees Mrs D Smith Mrs J Downs Mrs K Clarke Mr W Morris Mr R Konym Mr R A Beaden Mr M Penny {Resigned 1810512023) Mr M Brunger (Resigned 2310412024) Mrs C Madeley (Resigned 0510712023) Mrs D Earl (Appointed 2310412024) Mrs H Enock (Appointed1610712024) The Society is established for the public benefit for the ftillowing purposes in the area kno1 as the 'Old To, of Bexhill and the surrounding area which shall hereinaftrf refrrred to as the'area of benefit.. Its aims are:. (i) To promole high standards of planning and architecture in or aff¢irtg the area of benefit. (li) To educate the public in the geography, history, natural history and architectu of the area of benefit. (Ali) To secure the preservation, protection. development and improvement of features of historic or publi¢ interest in the area of benefit. (iv) The provision, maintenanLf and support of public amenitic The Charity Trustee5 of lh¢ S(Kiety ¢omprise a Board whith is r¢sponsible for the managernent and administration of the Society. Trustees act in a voluntary unpaid c8pacity. Wherever necessary they obtain advice for which the Society pays. Reserves Policy The Charity seeks to preserve the funds originalty derived from the generous legacy from Mrs Phyllis Dunn which are used to create income to enable the Charity objects to be achieved. Taking one year with another it is intended that income should be used on appropriale projects. Rlsk Management The Trustees have assessed the major risks to which the Charity is exposed. in particu18r those related to the opuations and finance of the Charity, and are satisfied that systems are in place lo mitigats the exposure to major risks. Page 2
Bexhill Old Town Preservation Society Limited Statement of Trustees, R4sponsibilities The trustees {who are also the dIr%S of Bexhill Old TO Preservati sIety Limiled for the purpose5 of company law) are responsibl¢ for preparlng the trustees, rewt and the financial statements in accordance with applicable law and United Kingd{ Accounting Stsndards (United Kingdom Generally Attepted Accountin8 PraCtIA including FRS 102 Yhe Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland.. Company law requires the trustees to prepare financial sernets for eath financial year. Under C>panY law the trustees rnust not approve the finaD¢ial statements unltss they gre satisfied they give a trne and fair view of the state of affairs of ihe charitable company and of the incmiing TC50urces and application of resources. including its income and expenditur4 of the tharitable cornpany for that peri. In preparing these financial statanent& thc trustees are required to: select suitable accounting policies and appty thun consistently. observe the Meth and principles in the Charities SORP, make judgements and estimates that are rea$able and prudcnt stste whdher applicable ac¢(Kmiing staThd c4)mprisin8 FRS 102 have been follo1 subject to any material departures disclosed and explained in the financial slatementy and prepare the financial slatements on the going conccrn Eosis unless it is inappropriate to presume that the charitable company will continue in busin&ss. The trustees are responsible for keeping proper acc(wnting rec(rds that can dis¢l(v with reable ac¢uracy at any time the financial position of the charitable company and enable them io ensure th* the financial stateMts comply with the CompaniLs Act 2006. They are also rosponsible for safeguarding the assets of the charitable company and hence for tsking reasonable steps for the preventi(m and deÉecti(M of fraud and other irregulariti The trustees are responsible fcr the rnaintenanL% and integrity of the corporale and financial inforniation included on the charitable ¢ompanys Ntbsite. Legislati(Yl governing the preparati(w) and dissemination of financial statements may differ from legislaticffi in other jurisdiction Approved by the trustees of the charity c .........-......... and signed on its behalf by: Mrs D Smith Trustee Page 4
Bexhill Old Town Preservation Society Llmited Trustees, Report IDaDcial Report In dealing with the s(¢ls financ4 the Imsic aim of the is to med oulgoings from incl} taking one year with anoth¢¥. wthile maintaining and if pIble increLsin8 the capitsl irt The accounts, as usual. include an analysis undu the heading of projects {n(ts 8) to show how funds are spt in pursuatt of the Societys aims. In addition to grants for property rest(Yatiiv4 support wds given to a wide range of projects covering. for exampl4 buildin of hisk*ic or public intffO education and community activities. Funds unlikely to be used in the near futtwe (tinue to be inNt#ed in the stttk market and during the year the Trustees dlded to use the Actively Managoj Portfolio Scrvice of their investment advisors Walker Crips InVeStmt ManageMt Limite(L Movement in investments in the year saw 8n from £885.830. at 3 1st Mard) 2023 to £869.124.55 at 3 1st Marth 2024. Funds available tr m<Ye immediate use are held mainly by the Societys strtkbrokers and in bank CU¢Tht and deposit accoun The results for the year show a d¢fi¢il on its activities kfore investment movements for the ycar of £104,863. The &Kietys worth at 3 1st Marth 2024 £966293 and it is cimsidered that sufficient funds are available to enable the Trustees to Contin the SLKidys in the fortseeable future. Manly Barn Limited ceased trading on 13th Fetruary 2023 and a forn1 liquidati prcoss commenc1 on 13th March. A new subsidiary company. Old Town Occasions Limits4 was fomied and registered on 23rd March 2023. this new company has assumed managemt of the day to day cyerdiicw of Manry Barn. Associations The Society is a member of the following aSsl8110$. Historic Towns & Village5 Fixum Rother Volwitary Actic f?L ?0+ The annual rqM)rt w&s approved ty the trustees of the charity .................... and signed on its behalf by. Mrs D Smith Trustee Pa8e 3
Bexhill Old Town Pmervation siety Limited Independent Examinees Report to the trustees ofBexbill Old Town Preservation Society Limited Cthe CompaDy') I report to the charity trustees oft my examinati of the acc(xmts of the C(ffipany fty the year ended 31 March 2024. Respon$ibilitles and bAqls of report As the charity's trUstS of the Company (and also its dire£tors for the purposes of company law) you are responsible for the preparatiLMJ of the actounts in aLwrdan¢e with the requirements of the Companies Act 2006 {'the 2006 Act.). Having satisfied myself th the aLlts of the C(ffnpany are ni required to be audited under Part 16 of the 2006 Act and are eligible for independent eMInatI, I reP(t in reSpt of my examinati(m of your charitys a¢&wnts as Carri (Art under secaion 145 of the Charities Act 2011 ('the 2011 Art,). In carrying out my examinati I have foll0vd the DIrtIonS given by the Charity canm11( undtt Sed]( 145{5Mb) of the 2011 Act. Independ¢nt ¢Y9Dner'S ststen*nt I have complded my examinatirn. l Lix)finn that no mattus have come to my attenti(m in LI)nn10Th Hryth the ¢xaminatioJ giving me ause to belie l. aLxounting records not ketrt in rW of Bexhill Old Town PrescTvatiLm Society Limit1 as requiral by secti(th 386 of the 2006 ACL or 2. the accounts do not acccrfd with th(tse T. 3. the a¢counts do not c(Knpty with the accounting requiranents of section 396 of the 2006 Aet other than any requirement that the accounts gi a 'true and fair vi•V which is a matter c4J)sidered as part of an independ¢nt examinali. or 4. the accounts ha not teen weparal in ac¢ordanL% With the meth(Mts and prin¢ipl¢s of the s¢Mt of Recommended Practice for accounting and reporting by charities [applicablc lo chariti£s preparing their a¢wunts in accordance with the Financial Rewting Standwd applicable in the UK w]d Ryblic of Ireland (FRS 102)]. J have no concerns and have cTrne acrctss no other matters in conneiXitM) with the examinati to which attention should dramfft in this report in der to enable a proper undustanthg of the aCC(nts to be r¢ad)e4L Rowena T K Walsh jFCCA) Manningt(X15 Charter1 A¢LX)untants 39 High Stre Battle E&st Sussex TN33 OEE Dale:..
Bexhffill Old ToTrvn Preservation Society Limited Statement of FiDancial Aclivities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Total 2024 Unrestricted Restricted Note Intome and Endowments from: Donations and Iwcics Investment incijme Other income 1,176 32.262 706 1,176 31262 706 Total Income 34.144 34.144 Expenditure On: Charitable activitie5 Govemance )sts (109,063) 3,000 (109,063) 3.000 Total Expenditure Gain1055¢$ on investment assets {112,063) 76,918 (112,063) 76.918 Net expenditure Transfffs between fvnds (1,001) (1,001) 230 Net movement in funds (771) (230) (1,001) Reeon¢ill8tlon of funds Total funds brought fonyard Total fimds carrieA forward 966,764 530 967.294 18 965,993 300 966,293 The note5 (H) pages 10 to 25 form an integrnl part of these financial statements. Page 6
Bexbill Old Town Pres¢rvatAOn Society Limited Statement of Finalleial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Reeognised Ggins and Total 2023 Ullrestrkted Restrleted Note In¢om¢ •nd EDdowmeDts from: Donations and le8acies Investment ineome Othu incom¢ 6.500 34,186 1,685 6.500 34,186 1.685 Total Inc¢ 371 Expendlture on: Charitable activiti Governane¢ c(6ts (153.689) 2.760 (55) {153.744) Total Expenditure Gainsllosses on investment Sets (156.449) 116,344 (55) (156.504) 116.344 N¢t expenditu Net movanent in funds 230 422 55 230.47 (230.422) (55) (230.477) Reeollellladon of funds Totsl fimds brough¢ fonwd 1197 186 585 197 771 Totsl funds rrIed forward 18 530 967.294 All of the charitys activities deri fr(XTh LNttnuin8 0p¥at1q durin8 the at¥)ve two period& The funds breakdown far 2023 is shown in 18. The not&s on pages 10 to 25 forni inte part of these fin*ncial sLgtemMI&
Bexhill Old Town Preservation Society Limited (Registrntlon number 8459906) Balance Sheet as at 31 Mareh 2024 2024 2023 Note Flxed assets Tangible assets Investments 13 14 67,888 869.225 82,166 885.931 937113 968.097 Current assets Debtors Investments Cash ai bank and in hand 15 16 10.710 9,004 620 13,048 36,396 51,398 Credltors: Amounts falllng dut wlthln one year 17 7,216 52,201) Net current as$etsl{Ilabllltles) 803 Net assels Funds of the ehfirlty: Regtrleted 300 530 Unr¢$trl¢frd ID¢om¢ fvndj Unr¢strict¢d 965.993 966,764 Totsl funds 18 966 293 967,294 For the financial year ending 31 March 2024 the charity was entitlul to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities., The members have not required the chirity to obtain an audit of its accounts for the year in question in accordance with section 476. and The directors 8cknowled8e their responsibilities for complying with the requirements of the Act with r&%pect to aounting records and the preparation of accounts. The notes on pa8es 10 to 25 form an intwal part of thcsc financial stalements. Page 8
Beill Old TOJVD Prnservadon Soeiety LAmlted (Registration number 8459906) Balance Sheet at 31 March 2024 The financial statements on pages 6 to 25 approved iry the and authcrised f issue on . and signed cd) their behalf by: Mrs D Smith Trustee The notes on pages 10 to 25 forni an inte] part of these financial statcment& Page 9
Bexhill Old Town Preservation Society Limited Notes to the Financial Statements for the Year Ended 31 March 2024 I Charlty stalus The charity is limited by guardnÈ incorporatd in England and Wales. and consequently does not have share apital. Ea¢h of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is: 8 High Street Bexhill-on-sea East Sussex TN40 2HA The principal place of ixlsiness is: 8 High Street Bexhill-on-sea East Sussex TN40 2HA 2 Aceountlng polleles Summary of Signifin¢ accounting policies and key aeeountlng estlm8trs The principal accounting policies applied in the preparation of these financial slat¢m¢nts are set out below. These poIicic5 have been consistcntly applied to all theyears presentrf unless otherwise stated. ststement of Compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing thelr ants in accordance with the Financial Reporting Standard appliL7ble in the UK and Republi¢ of Ireland (FRS 102)) (issued in October 2019)- (Charities SORP (FRS 102)}, the Financial Rcporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Bgsls of prep8ratlon Bexhill Old TO Preservation Society Limited meets the definition of a public benefit entity under FRS 102. Assels and liabilities are initially recognised at historical c05t or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The trustees consider that there are no material uncertainties about ihe charitys ability to continue as a going concern nor any significant are&8 of uncertainty that affect the ¢arrying value of assets held by the charity. Exemption from preparing a cash Ilow stat¢meDt The charity opted to adopt Bulletin I published on 2 February 2016 and have therefore nol in¢ludeJl a $h flow statement in these financial ststemcn Page 10
Bexhill Old Town PreservatAon Society Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Exemption from preparing group attouAts The tharity has taken advantage of the exemoion in seclicm 398 of the Caornpnal ALt 2006 frlun the rquirwne to prepare con501idated financial statanent% on th¢ Br(mdS that it is a small stzed sroup. IncoD and eudowments Donations arc Tecogni5cd ere there ts ¢titI¢ML certainty of receipt 1 the amount can k measurqi with sufficIt reliability. Grants are recognised en th¢ charity has w entitlant to the fim(ts and ony Conditions linked to the grants have been met. Where performance conditions are attachal to the grdnt and are y& to be mel the inLe is recognised 8S a liability and includ1 on the imlance sheet as deferred income to be released. InvestnMIneo Invcstment income is reixyiised on a raxivable iAsis. Expenditure Liabilities are reeogni5ed as scrtm as there is a legal or La)nStruCti obligation committing the charity to the expenditure. All expenditwe is accounted an enlS iwsis and has ien classified undu headings that aggregate 811 costs related to the category. Charfiable acilvli Charitable expenditurc comprise5 th0 in(xwred ty the charity in thc deliv of its ac11viti and $ervA¢es for its beneficiaries. It includes both msts that can Ix all(x7ted dIrdY to suth a(Xivities and those C¢ts of an indir nature necessary to suPt them. Gr4n¢ d¥pendliure Grants payable are yrnts made to third parties in the fijrtheraoce of the charitable obie£tives. Wher¢ the tharity gives a grant with conditions for its panent being a yific Icvd of service output to be Provid such grants are only rcc¥)gnised in the SOFA (¢¢ the TlP1¢t of the grant h85 provided the4lfi¢ service or output. Grants payable without prffornian(x conditions are (Mly rwised in the aco)unts when a rA)mmitment has been made and there areno conditions to be met relating to the gmt wthich remain in the c4)ntrol of the charity. Grantprnvlflons Provisiws for grants are made when the inlentiw to make a gmt has Lwi Lnmli¢¢d to th¢ recipient but thffe is uncertainty eithu the liming of the gmt (Y thc amLMUrt of t payle. Support costs Support costs include centrat fi1{S and ha bern ajkjcated to activity cast categories on a basis lS1&¢nt with the use of r¢s(Mrc. Pagell
Bexhill Okl Town Preservation Society Limited Notes to the 2¢181 Statements for the Year Ended 31 March 2024 Governance c&%ts Governance costs include ccsts of the preparati(m and examinaticm of the statLrtory accoun¢& the costs of trustee meetings and the cost of any leg81 advice to trustees governanL% or calstitutional matter& Government grnnts Government grants are rwisal based on the model and are measured at the fair value of the asset re1Ved or receivable. Grants are classified as reling either to revenue or to assel& Grants relating to revenue are recognised in incorne over the period in which the relatal costs are rwised. Grants relating to assets are recognised over the expected usefvl life of th¢ asseL Where part of a grant relating to an assct is deferre4 it is recognised as deferred income. Irreeoverable VAT Irre¢overable VAT is chargal again# the Categ of resource5 expthded for Mthich li in¢urreJ. Taxation The charity is consider1 to pass the tests set out in Paraw& I Sthedule 6 of the Finan A¢t 2010 and therefLYe it meets the defini¢i(m of a charitable company for UK cOryat1• tax purposes. Accordingly, the charity is potcntially exempt from taxati in of income or capital gains received within categorie5 covered by Chapter 3 Part I I of the Corporation Act 2010 or lon 256 of the Talc of Chargeable Gains Act 1g)I to the extent that such income or gains are applied clUSive1Y to charitable puryKtses. Tangible Ilxed assets Individual fixed assets costing £l(K) or more are initialty recLYded at cosL less any subsequent accumulated d¢pr¢ciatiffl and subsequent awunUlatI impai¢1 I(. DepreciatioD and Amortkntion Depreciation is provided on tangible fixed assets FA) as lo write off the CO or valuati¢M. less any estimated residual valu4 over their expected usefvl 10m]C lift as folloNTrs: Asset class Freehold interest in18t)d and buildings Depreciati melh(Ml and rate The freehold propty is n(X depreciated. Over the of the Icasc expiring 30th Junc 2036. Leases and improvements to proputy Fixture4 fittings and equipment The freehold propety is not depreciated as taking into alTrI the anticipatcd lift of the property and its eXPd residual valu4 any tharge Thild n(t be material. Page 12
Bexhill Old Tojyn Prnrv8thin Society Limited Notes to the FinaDeial Statements for the Year Ended 31 Mareh 2024 Flxed asset Investments Fixed asset investments are incluthl at mukd 1¢ at the bfftlan she¢t d•t Realised gains and losses on investhients are Ca1latl as the difference lxtwten sales proceeds and iheir market value at the start of thc year, or their sub5cquent are char8al or credited to the Sthtement of Financial Activities in the period of disposal. Unrealisd gains and losses represent the movement in maTkd values durin8 the year and are (¥edited or tharg•J to the Slatement of Finan¢ial Adivities based on the Ma value at the year M(t Cath and easb equlvaleots Cash and equivalents comprise cash hand and call ¢klts. and (xher short4wm hi8hty liquid investments th8t are readily ¢(1b1¢ to Pd known amount of cash and are sUbil to kn InsilfinI risk of chan8e in value. Trade eredltors Trade creditors are obliwi(ms to ply tr 8d$ (Y servicc5 that have been aquirnl in the ordinary course of business from suppliers. Accounts payable are clwified as current liabilities if the charity does not have an uncondit11 righ( at the end of the reporting perithl. to dcfcr s¢ttleJnenl of the creditr* for at least twelve months after the reporting date. If there is an unU)nditial right to defer settlememt for at lepst twtlve months after the reporting dat< they are presented as norrent liabilitic& Trade creditors ar¢ renised initiallyat the trinsaLti(wi pri Fund strueture Unrestric1 ineome funds are 8enernl fimds that are available for use al the trustees discreti in firtherano of the objethives of the charity. Designata fimds ar¢ unrestridd fiwds S¢t asid¢ f(Y splfi¢ purp(ses at the discreti(m of the trustets. Restri¢¢¢d income funds are those donated fcf use in a parti4%1ar area yifi¢ PUryK)$4 the use of 1¢h is restricted to that arta or purp Page 13
Bexhill Old Town Preservation Society Limited Notes to the Fman¢i*l Statements for the Year Ended 31 March 2024 3 Incom¢ from dongtlons and legacies UDrestrl¢tod Totsl 2024 Totsl 2023 General Do)ations 8nd le8a¢ies; Donations from individuals (including sifi aid) Legacies Gran including capital 8rant4' Government grants SUbrIpti(s 326 326 320 5,000 4(Kl 780 850 850 .176 1.176 6,500 4 Investment Income Unrestrleted funds Geo¢r41 Total 2024 Total 2023 Inlere5t receivabl¢ and similar In¢. Interest Teceivabl¢ on bfynk deplts Other income from fixed ass¢1 investments 5,839 26,423 3,839 26,423 762 33,424 32.262 34,186 S Other ID¢om¢ Uorestrl¢l¢d nds Geoeral Totsl 2024 Totsl 2023 Other incL#ne 706 706 1,685 Page 14
Bexhill Old Town Prnervation Society Limited Notes to the Financial Statements for the Year Ended 31 March 2024 6 Expendltsre on ebgrltsble aetiviiles Unrestrieted General 2023 Nrte Depreciati. amortIsati and rther similar CL Grant funding of activities Allocated support cc6ts 14,428 14,428 14.554 7.15 15.237 71.493 23.142 71.493 24.466 114,724 7.9)5 101.158 109,063 153.744 Page 13
Bexhill Old Town Preservation Society Limited Notss to the Financial Ststements for the Year Ended 31 March 2024 7 Analys1$ of gov¢rDgDce aud support Costs Support costs allocated to ch8rltsble aetivltles Total 2024 Totsl 2023 Grant maklng Establishment costs Establishment Sts- Manor Bam Ltd Repairs and maintenance Repairs and Maintenance- Manor Barn 3.121 1.890 1.068 3.121 1.890 1,068 4,919 962 Ltd Office expenses Subscriptions and donattons Legal and professional costs Legal and profr5sional costs - Manor Barn Lid Bad debts Bank Charg&s iiates- Manor Bam Ltd 361 16.778 35 &667 20,352 289 7.855 20.352 289 7.855 2,677 33,726 2,677 33.726 82,989 13 594 594 71,572 71.572 114.724 Governanee tosts UDre5tricted funds General Totsl 2024 Total 2023 Independent examiner fees Examination of the financial statements 3.000 3,000 2,760 3,000 3,000 2.760 Page 16
Bexhill Old Town Preservation Society Limited Notes to the Financial Statements for the Year Ended 31 March 2024 8 Grgnt-maklDg ADalysis of grAnts The support costs a&8(xiated with wt-making are £31.735 (31 Marth 2023 £34.327}. Below are details of material grants made to institutions 2024 2023 Name ofinstilutlon Projects A¢tivlty Grant making 23.142 24,466 UDrestrieted FuDds 2024 2023 Projects Christmas Wreaths 500 Parish Magazine Florni displays Plaque for Trafal8ar BeOn AD772 Celebrations 93 39 4,863 6,417 708 37 Platimlln Jubilee Tea Party Old Town Tidy Up Old Town May Day Event Bexhill Carni•MI 3,178 135 79 972 20 christyn Card 50 148 Work to upper windows at 2 Churth Street Mantt Garden Lighting Scheme Hanover House Roof Repair Boswell House Roof Repair Old Town Christmas Street Li8hiing Old Tolym Christmas Event 500 380 1,500 5.648 6.933 23,142 5,569 6,829 Jubilee Clod Total 23,142 24,466 Page 17
Bexbill Old Town Preservation Society Limlted Notes to the Financial Statements for the Year Ended 31 March 2024 9 Iyet Ineomlnyjoutgolng resources Net outgoing resources for the year includ 2024 2023 Depreciation of fixed assets 14,428 14.554 10 Trustees remuneratlon #nd expenses No truste&8, nor any persons connected with them, have received any remuneration from the charity durin8 the year. I I IDd¢p¢ndent examlner's remuDerallon 2024 2023 Examination of the financial statements 12 Taxatlon The charity is a registeral charity and is therefore exempt from tatiOn. Page 18
Bexbill Old Town Prnservation Society Limited Notes to the Financial StstemeDts for the Year Ended 31 March 2024 13 Tangible rued assets LqDd and bulldlDgs Furnlture and eqllipmettt Totsl At l April 2023 Additions 284.825 86.962 150 371.787 150 At 31 March 2024 284,825 87.112 371,937 Depreciation At l April 2023 Char8¢ for the year At 31 Marth 2024 205,770 13.775 83.851 653 289.621 14.428 219.545 84.504 304.049 Net IM)ok value At 31 Marth 2024 65.280 1608 67,888 At 31 Marth 2023 79.055 81166 Included within the net bk value of land and buildin above is £27J70 (2023 - £27J70) in respect of freehold 18nd and buildings and £37.910 (2023- £51.686) in of le&holds. 14 Thxed amet Investments xed Asset InvestuRuts 2024 2023 Shares in group undertakings and participting intttests FA investhient- UK listed (rther shar&s bfwd FA Instrnent- UK li5td Ither share5 revaluati( FA iniEstment- UK listal (ther shares additi FA investmen¢- UK liea (rthcr 5har&s di4M>sals 100 885.831 42,173 275.562 334.441) loo 959,975 {77,080) 165244 (162,308 869225 885,931 All investments held in the UK. The histori cost of listed investments at 31 Marth 2024 £742,226 (2023 £821265 Page 19
Bexhlll Old Town Preservation Society Limited Notes to the Financial Statements for the Year Ended 31 Mareh 2024 Shares in group undertakl and partlelpatthg Interests Subsldliry undertaklngj Totsl Cost At l April 2023 100 100 At 31 March 2024 100 100 N¢t l)(Kbk value At 31 March 2024 At 31 March 2023 100 loo Other Investments Llsted Investments Total Cost or Valuatlon At l April 2023 Revaluation Additions Disposals 885,831 42,173 275.562 334,441 885,831 42.173 275.562 At 31 March 2024 869,125 869,125 Net book value At 31 Marth 2024 869.125 869,125 At 31 March 2023 885 831 885 831 Pag¢ 20
Notes to the fmallcial Statements for the Year EBded 31 March 2024 Details of derkill Details of the Investments in which the charity holds 20% or more of the nomin value of any Class of share witai are &$ follows: cotrY of Proporlion of voting rWts PrintipAI ares held a¢tivity Undertawng HoldiDg 2023 Sub51diary uDdertAkings Man(Y Barn Limited Enand Ckdinary of Manor Barn Old Town Occasions Lxd England Ordinary loo% Operati(m of Manor Barn Pag¢21
Bexhill Old Town Preservation Society Limited Notu to the Financial Statements for the Year Ended 31 March 2024 Subsidiaries The profit for the financial peri1 of Old TO oCl{S Ltd was £Nil (2023 - £Nil) and the agwate amount of Capital and reserves at the end of the pul1 was £100 (2023- £Nil). 15 Debtors 2024 2023 Trade debtors Due from Old Occasions Limited Prepayments io,o(K) 628 620 10.710 620 16 Current asset Investments 2024 2023 Cash deposits 9,004 13.048 17 Creditors: Imounts fglllng due wlthln year 2024 2023 Trnde ¢redilors Othff Creditors Pension scheme ¢11 48,000 4,201 7.201 15 7.216 52.201
Bexhill Old Town Preservation Society Limited Notes to tbe Financial StateDknts for the Year Ended 31 March 21124 18 Fllnds Balance Balance at31 gt l Aprll l•eomlng R¢so•r¢es recognised March 21)23 resourees expended Transfers gAIDsl(Ios8es) 2024 UThrestrkt fund% Genernl Unrestri¢ted 963.771 34.144 (105.130) (4.7771 76.918 964.926 Desl8n4led Platinum Jubil& Tea Party 2022 Christmas Event 2022 ChriStn8 Event 2023 (A,822) (1.171) 8,000 6.933) 1,067 1,067 Tot21 uDrertricted funds 966.764 34.144 112.063 230 76.918 965.993 Restrieled funds Serpollet Old Tow) Tidy Up 300 300 230 Totsl restricted funds 530 {230) 300 Totsi fimds 967294 34.144 112.063) 76.918 966293 Balante at 31 March 2023 BalaDee at I Inconng April 2022 resourtes Resollrces r¢e¢)gnised expended gaiDsI(Ios5es) Unrestrleted fvnds Genernl Unrestric*ed 1.184.186 41371 (146.M2) (116J44) 963.771 Deslgnaled Platinum Jubilee Tea Party 2022 Christmas Event 2022 (3,178) 6.829 1,822 1.171 13.OC(I 10,00 2.993 Totsl llnrextrlcted funds 1,197,186 371 (15A449) 116J44 966.764 Page 23
Bexhill Old Town Preservation Society Limited Notu to the Financial Statements for the Year Ended 31 March 2024 Other Resour¢e5 reeognlsed expended gglns/(losses) Balance at 31 March 2023 Balanfe at I April 2022 In¢omiDg resources Restrleted Serpollet Old Town Tidy Up 300 230 285 Tot41 restrlcted funds 585 55 530 Totsl funds 1197,771 156 504 967.294 The specific purpos for which the funds are to be applied ar¢ as follows: Designated Funds: Platinum Jubile¢ Tea Party 2022 - This budgeted amount had been agreed by the Truste for costs of this event. Post event. the balance remaining has been transferred back to the unrestrithol funds of the charity to clear down the fund. Chrisknas Evenl 2022 - This budgeted amount had Ixen agreed by the Trnstees for costs of this event. Post ev¢nL the balance remaining hos been transferred back to the unrestricted funds of the charity to clear do the fijnd. Christmas Event 2023 - This bud8eted amount was agreed by the Trust for the costs of this ¢v¢nt. Restricted Funds: Old Town Tidy Up - The Society obtained a grant of £100 from Rother Distrid Coun¢il in Marth 2019, part of an initiative to facilitate community led street and town centre tidying and clean ups. This fvnd has been fvlly utilised and therefore the balance has been tranfrrred in year lo Unrestricted Funds. Serpollet- The S¢rpolld is a repli of the historic ovoid steam driven r8cin8 Car and was donated to the Sctity. Page 24
Bexhill Old Town Preservation Society Limited Notes to the Finan¢i81 Statements for the Year Ended 31 March 2024 19 Analysls of net VdM¢ts betW¢¢D fuDds Unrestrltted Totsl thnds al 31 MArcb 2022 General Restrlcted Tangible fixed assets Fixed asset investmcnts Current assets Current liablliti 67.888 869,225 36.096 (7.216 67,888 869.225 36.396 (7,216 300 Total net ass¢ts 966 293 unrtrIcted Totsl ndS gt 31 MArtb 2021 General Reytrlcted Tangible fixed assets Fixed asset investments cUrrt assets Current li8bilities 82,166 885,931 50.868 82,166 885,931 51,398 530 Total net assets 530 967,294 20 Related party triDJaetlon8 Durin8 the year the charity made the followin8 relat party transacticw: Old Tov4n Oee#sloD$ Ltd (Trading Subsidiary) £10,000 intere fre¢ loan lo Old Town 0&S1on5 Ltd was mde . At the balance sheet dal¢ the amount due from Old Town Occasions Ltd w&$ £10,000 (2023 - £Nil). Page 25