Pavilions Teignmouth
Trustees, Annual Report and Accounts
Year Ended 30 June 2025
Registergd Charlty Numbor.. 1162175

Pavilions Teignmouth
Financial Statements
Year Ended 30 June 2025
Cont8nts
Pago
Administrative Details
Trustees. Annual Report
2lo6
Indep8ndenl Examiner's R$port lo the Trustees
Slalement of Financial AGtsvilie5 Ilncofporating Income and Expenditure Account)
8t09
Balance Sheet
Notes to the Financial Statements
11 lo 18

Pavilions Teignmouth
Administrative Details
Year Ended 30 June 2025
Trustaés:
Margaret Davidson, Chair
Chris Parfitt, Trustee Iresigned 28 March 20251
Patricia Anne Schooling, Trustee
Martin Keith Phi15ips. Trustee
Martin Lacey Gandar. Trustee Iresignfjd 4 April 20251
Neil Thomas-childs
Principal Office..
PaviliDns Teignmoulh
The Den
Tei9nmDUth
Devon
T014 8BG
Charity Numb•r:
1162175
General Manager:
Nikki Small
Accountants..
Francis Clark LLP
Sigma Housg
Oak View Close
Edginswell Park
Torquay
Devon
TQ2 7FF

Pavllions Teignmouth
Trustees, Annual Report
Year Ended 30 June 2025
The Trustees present Ihelr annual leport together with the financ¢al 51alemenls for the year to 30 Jung
2025.
ObJectlve8 and Aetlvltlas
The principal object of Pavilions Teignmoulh is lo promote the arts for the public benefit by the
provision ol a community arts centre.
Our Mlsslon:
Pavilions Teignmoulh is an arts centre for residents of and visitors lo Teignmoulh.11 provides
opportunities for all. regardless of age or ability through volunlttering, working. leaming, participating,
walching, exploring, and bijilding and growing. Our Vision.. Pavilions Teignmouth will be a caplivaling
and welcoming place, bringing people together to share. inspire. nurture, educate and enjoy arts and
culture.
Our Vlslon:
Pavilions Teignmouth will be a captivating and welcoming place, bringing people together io share,
inspire, nurture, educate and enjoy arts and culture.
Our Alms and Objectives:
In shaping our objectives for the year and planning our activities. the trustees have considered the
Charity Commission's guidance on public benefit, including the guidance'public benefit.. running
¢harity IP821'.
Actlvltles for achlevlng our ObJe¢tlves'.
Our Artistic Stateme￿1 underpins all of our activities
Pavilions Teignmoulh 15 a cultural hub for Teignmoulh and the surrounding aiea, promoting
¢r$ative, social and &¢onomi¢ growth. Th8 venue will encourage engagement, participation.
creativity and development through a diverse programme of artistic and community events
and aclivilies. Our Programming Strategy sets out our inlenl.
To creale a balanced and varsod programme of live and cinemalic evenls throughout the year.
To rgspond lo and suppoil trx*sling audiences for arts and community evenis.
To build partnerships and work in collaboration with established arts and p8rfonnance groups.
To balance artistic and gconomic aims and aspirations. with the objeciive of developing
diversity and future audiences.
Pavilions Teignmouth relies on donations, orants and the income from fees and charges lo cover its
operating costs. Affordability and access lo our programme is important lo us and is reflected in our
hiring and pricing policy which favours community organisalions and activities.
We actively seek to invdve the local community, arts organisalions and businesses in our activities
through outreach and facilitation of and participation in local Gultural and artistic initialives and groups.
Pavilions Teignmoulh is constantly reviewing how il can become more energy eificienl and carbon
neutral. lo this end we applied for a gfanl lo replace lighting within the on-site Offices. We were

Pavilions Teignmouth
Trustees, Annual Report
Year Ended 30 June 2025
successful in achieving a Greeri business Gr8nt and wgre awarded £10668.00, works were complolgd
in the 24125 financial ygar.
Main activities und8rtaken lo further Ihè Charity's Purposes for public benefit
In light of the cur￿nt economic Clrcurnstan￿S, there has been an encouraging recovery in audience
participation and engagement.
Film- a varied programme 01185 screeninos allracled and engaged a broad audience ol all
ages and inleresls.
Live Performances-78 live perfom8nces enabled local audiences lo enjoy a wid8 variety of
genres including Ih8alre, chlldren's theatre, comedy and musicals. Thes& altr8¢ted 11,870
attendances. In addilion, live music events attracted a further 5154 allendances.
Workshops and Classes- A wide range of workshops included Art, Languages, Fitness,
Meditation and Photography. In lolal Iheie were 64 in house courses and 94 workshops.
Art exhibitions- 14 local artists and I school displayed their art work. Also, we engaged wrth
Devon Open Studios in partneiship with TAAG who host artwork from a large number of
artists who opon Ihfyir studios during Seplember.
Community Hire and Engagement- we hosted 24 shows from the locol comrnunity including 2
AmateLsr Dramatic Groups. Taiko Drummers and lo¢al ¢hoirs. For the first time we worked with
Dan¢e Devon to present a 3 day dance festival ol workshops and classes and a swing dance
avening and ceilidh.
Volunteers
During this year 31 volunteers have supported Pavilions Taignmouth in a variety of roles, giving 3319
hoLJrs of their time. The trustees very rnuch appreciate all their efforts and support. Pavilions
Teignmouth would not be able to achieve such success wrfchout them.
Flnanclal revlew
Golng Con¢•rn
There has been a steady and encoura9ing relLJrn of income levels and unreslricled reserves
stand al £110,747. This is suffici8nt to meet required expenditure such as repl8cernenl and
updating of equipment and unexpected disnjption. Although the Iruslees believe that the ideal
level ol reserve5 would be £120,000 they are confident that recent recovery sugg8sts this will
be achieved in the near future. Also, current funds are sufficient to meet Guiienl needs. For
this reason, The Board Continues to adopt the going concern basi5 in Preparing financial
statements. However, we are mindful th81 increasing G05ts ar$ presenling significant
challenges.
FutLJre improvements to the centre will be dependent on grant funding.
Flnanclal R•vl&w
The venue derived income from its activities including rental and hire in¢ome, ticket sales,
advertising and sundry sales. Donation illcom& w¥s £31.892. It also received a grants of
£12,505. Total recorded income in the year was £571,532 and expenditure £560,451,
resulting in nel income of £11,081.

Pavilions Teignmouth
Trustees. Annual Report
Year Ended 30 June 2025
Reserves Policy
Reserves are needed to bridge the gap between spending and receiving of income. It must
also cover unplanned repairs and other expenditLJre due to unexpected disruption. Wear and
tear and technical obsolescence will also lead to a need to replace equipment and
inlraslructure. Although the trustees believe that the ideal level ol reserves would be £120,000
they are confident that recent recovery suggests this will be achieved in the near future.
Also, current fund5 are sufficient lo meet current needs.
Future Plans
The trustees are mindful of the challenges due io increasing energy cost5 and tightening
household incomes that impact both Ihe venue and OLJr audiences. However, this year has
shown a recovery and we will continue to build on this. Through prograrnming and marketing
the aim is lo continue to rebuild the confidence of our audiences and users by providing an
exciting range of activities and events in an allraclive and safe environment.
We will also work towards 8chieviNg extern81 funding through gr8llts,
Stru¢tur•, Gov•rnan¢o and Manag•mgnt
The charity ICIOI was incorporated on12 June 2015 and commenced irading on that date.11 is not
part ol any wider group structure.
The organisation is governèd by its Conslitulion lasl amended 10th June 2015 which establish its
objects and powers.
The body responsible for the rnanagemenl of Pavilions Teignmoulh is the Board of Trustees. In doing
so tho trusl66s tak0 account of tht) Charity Govemanc$ Code in all of its dealings and decision
making.
The full cornplement of Truslees is twelve and the Constitution requires that there shall never be less
than three. Trustees musl be appointed for a term ol three years by a resolution passed al a properly
convened meeting of tho charity Irusl&es. A Charity trLJStee who has served for three consecutive
terms may not be reappointed for a fourth consecutive temi but may be reappointed after an interva101
al least one year.
Selection and Appointment ol Trustee5
Upoll their first appointment each new Iruslee is provided with the following information..
A ctspy of Ihtr Conslilijlion alc>ng with any amendments made to it.,
The latest Iruslee, annual report and 5talemenl of accounts.
In addition, potential trustees are invited to attend trustee meetings prior lo their appointment as
trustee.
Trustgos ra¢8ive no payment.

Pavilions Teignmouth
Trustees, Annual Report
Year Ended 30 June 2025
Organisatlonal Structure and Declslon Maklng
The Board normally meets bi-monthly. The Chair and Officers are appointed by the Trusl&es from
among their number. A General Manager and Artistic Director is appointed by the trustees to manage
the day-lo-day operations ol the ¢harily. To f2eilitatè eff8tliv8 operations, the General Manager and
Artistic Director has delegated authorily, within terms of delegation approved by the truste&s, lor
operational mallers including finance, employment and artistic performance related activity.
The GeneTal Manager and Artistic Director aitends Trustee Board meetings.
Rlsk Management
Pavilions Teignmoulh engages in and hosts a wide and diverse tsnge ol aclivili8s and events. The
organi5alion is aware ol risk to the public. the facility and the organisation and is developing a risk
management plan that comprises..
an annual review of the Tisks the charity may face
tho as18blishmenl of systgms and procediJre5 to miligale those llsk5 identified in the
plan
the implemenlalion of procedures designed lo minimise any potential impact on the
charity should Ih05e risk5 malerialise.
11 is expected that ¢lientS and third partigs who hir& the facility will ensure that lor each event a risk
assessment and risk management plan is prepared having regard to..
Prot@ctlng thè publi¢ from d$k
Protecting the property from damage
Safeguarding of Children and Vulnerable Adults
Trustees. responsiblllty statement
The charity trustees are responsible lor preparing a trustees, report and the financial
stalements in accordance with applicable law and United Kingdom Accounting Standards
Iuniled Kingdom Gtrnerally A¢¢epted Accounting Praclicel.
The law appli¢abltr lo charities England & Wales requirtrs the Trustees lo prepare financial
slalements lor each financial year which give a true and fair view of the s1216 of affairs of the
charity and of the incoming resources and application of resources of the charity for that
period. In propaiing these financial stalemenls. the Trustees are required to..
select suitable accounting policies and then apply them consistentsy,.
obs$rv8 th& methods and principles in the Charities SORP.,
make judgments and a¢Count￿ng eslimales th81 are reasonable and prudent.,
prepare the financial statements on the going con¢&rn basis unless it Is inappropriate to
presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accountin9 records that are sufficiènt to
show and explain the ¢harily's transactions and disclose with reasonable accuracy al any time
the financial position of the charity and enable them to ensure that the financial statements
comply with the Charities Act 2011. the Charity IAccounts and R$portsl Regulations 2008 and
the provislons of the trust deed. They are a150 responsible for safeguarding the assets ol the

Pavilions Teignmouth
Trustees, Annual Report
Year Ended 30 June 2025
charity and hence for taking reasonable steps for the pr8venllon and detection ol fraud and
other irregularili8S.
This report was approved by the Trustee5 on
Marg8rel 08vidson
Chair
Dal8.' a?1&130?

Pavilions Teignmouth
Independent Examiner's Report
Year Ended 30 June 2025
I report lo the trustees on my examination of the accounts of Pavilions Teignmoulh for the year ended
30 June 2025
Responsibilities and basis of report
As the Charity Iruslees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 20111'lhe Acl'l.
I report in respect of my examination of the Charity's accounts carried out uncler section 145 of the
2011 Act and in carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 14515llbl of the Act.
Independent examiner's statement
Since the charity's gross income excèeded £250,000 your examiner musl be a metnber of a body
listed in section 145 01 the 2011 Act. I confirm that l am qualified lo undertake the examination
because l am a member of the Association of Chartered Certified Accountants, which is one of the
listed bodies.
I have completed my examination. I confirm that no material matters have come lo my attention in
connection with the examination giving me cause lo believe that in any material respect..
1. accounting ￿COrdS were not kept in respect of the Charity as required by section 130 of the Act,.
or
2. the accounts do not accord with those records,. or
3. the accounts do not comply with the applicable requirements concerning the form and conlenl of
accounts sel out in the Charities IAccounls and Reports) Regulations 2008 other than any
requirement Ihal the accounts give a 'true and fair view. which is not a matter considered as part
of an independent examinalion.
I have no concerns and have come across no other matlefs in conneclion with the examination lo
which allenlion should be drawn in this report in order lo enable a proper understanding of the
accounts lo be reached.
Sharon Austen FCCA
Francis Clark LLP
Chartered Accountants
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
Dale..
4 March 2026

Pavilions Teignmouth
Statement of Financial Activities
(Incorporating Income and Expenditure Account)
Year Ended 30 June 2025
Unrestricted Restricted
Funds
Fund5
2025
2025
Total
Funds
2025
Total
Funds
2024
Notes
Income from..
Donations. legacies and grants
Charitable activities
Other income
3,291
524,444
1.292
12,505
1 5,796
524,444
1,292
34,905
491,891
93
Total income
529,027
12,505
541.532
526,889
Expenditure on:
Charitable activities
519,483
10,968
530,451
520,635
Total expenditure
519.483
10,968
530,451
520,635
Net Income and net movemenl in fund$
9.544
1,537
11,081
6,254
Total funds brought forward
Total funds carried foNiard
101.203
1,732
3,269
102,935
96,681
110.747
114,016
102,935
The notes on pages 11 to 18 form part of the$9 financial statements.

Pavilions Teignmouth
Statement of FinanGial Activities
(Incorporating Income and Expenditure AGGount}
Year Ended 30 June 2024
UnTestrl¢ted Restrl¢t¢d
Funds
Funds
2024
2024
Total
Funds
2024
Total
Funds
2023
Not•s
Income from".
Donations and legacies
Charitable activities
Other income
34,405
491,891
93
500
34.905
491,891
93
31,228
422,666
29
Total Income
526,389
soo
526,889
453,923
Expenditure on:
ChaTilable activities
520.635
520.635
460,198
Total
520,635
520,635
460,198
Net income and net movement in funds
5,754
500
6,254
16.2751
Total funds brought forward
Total funds carried forward
95,449
1,232
96,681
102,956
101,203
1,732
102,935
96,881
Thè notes on paggs 11 to 18 form part of these financial statements.

Pavilions Teignmouth
Balance Sheet
30 June 2025
2025
2024
Note
Fixed assets
Tangible as$8ls
Investments
119
239
120
240
Current assets
Debtors
Cash at bank and in hand
10
82,818
144,014
226,832
78,767
146,662
225,429
Llabllltles..
Creditors.. Amoun15 falling due within one year
Nat current assets
112,9361 1122,7341
113,896
102,695
Nat assets
114,016
102,935
Funds
Unreslricted funds
Designated
General
12
110.747
1 DI,203
Restricted fund5
12
3,269
114,016
1,732
102,935
These finan¢ial statements were approved by the trustees on
signed on th8ir behalf by..
and are
Margaret
Chair
avidsoll
Charity Registration Number.. 1162175
The notos on pages 11 to 18 form part of these financlal statements.
10

Pavilions Teignmouth
Nole5 to the Financial Statements
Year Ended 30 June 2025
Accounting policles
General inforniation
Pavilions T8ignmoulh is a Chariiable Incorporated Organi5alion wilh its Constitution being ihe
goveming document.
The charity is registered in England and Wales and the registered offi'ce is Pavilions
Teignrnouth, The Den. Teignmouth, Devon, TQ14 8BD.
The ¢h8ri1y conslilutes a public benefit entity as defined by FRS 102.
These financial statements cover the individual charity and not the grovp.
The fvnctional currency of Pavilions Teignmouth is considered to be pounds sterfing because it
Is the currency of the primary economic environment in which the charity operates. The
financial slalements have been p￿pared io give a 'true and fair. view and have departed from
th8 Chadlies Regulations 2008.
Ibl
Basis of preparation
The financial statements have been prepared in accordance with 'Accounling and Reportlng by
Charilias,. Statement ol RecDmmended Practice, applicable lo charities preparing their
accoLJnls in accordance with the Charitie5 SORP IFRS1021 and Financial Reporting
Standard applicable in the UK and Republic of Ir818nd IFRS1021.
Assets and liabilities are initially recognised at historical cost or transaction value unlèss
otherwise stsled in the relevant accounting policy notelsl.
(¢1 Fund AccoLtntlng
General funds are unrestricted funds whieh are available for use at the discretion ol the
Trustees in furtherance of the general objectives of the charity and which have not been
e5ignated for glher purp0$8S.
Reslriclod funds arfy funds which are to be used in accordance with specific restri¢tions
imposed by donors or which have been raised by the Gharily lor parti¢ular purposes.
Idl Income recognition
All incomè is recognised once the charity has enlillement to the incotne. il Is probable that Ihe
income will be received, and the amount of incorne receiv8bl& can be mèaskJr&d reliably.
{el
Government grants
Grant incorne 15 accounted for when received.
ifj
Expenditure r¢cognltion
Expenditure is recognised once there is a legal or constrLJCtive obligatlon to make a payment to
a third party, it is probable that settlement will be ￿quired and the amount of the obligation can
be measured reliably.
Support Costs represent operational and administralive costs of the charty which do not relate
dire¢dy lo Individual operations.
Governance costs are incurred in connection with cornplian¢e with ¢onsts'lutional and slalulory
requirements.
Igl Volunteer5
The contribution received from volunteers is not valued within the a¢counis.
11

Pavilions Teignmouth
Notes to the Financial Statements
Year Ended 30 June 2025
Ihl Going concern
There has been a steady and encouraging return Df income levels and unrestricted reserves
sland al £110,747. This Is sufficient lo meet reqLJired expenditure such as replacement and
updating of equipment and unexpected disruptitsn. Althc>ugh the Iruslees believe that the ideal
level ol reserves wc>uld be £120,000 they are confident that recent recovery suggests this will
be achieved in the near future. Also, current funds are sufficient lo meet current needs. For this
reason, The Board continues lo adopt the going coricern basis in preparing financial
stalemenls. However. we are mindful that increasing costs are presenting significant
challenges.
Future improvements lo the centre will be dependent on grant funding.
Tangible Fixed Assets and d&pr•clatlon
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment.
Depreciation is provided at ralgs ¢alculated to write off the cost of fixed assets over their
expected useful lives on the following bases..
Fixtures and fittings
5 years
Office equipment
4 years
Investments
til
Investment in the charity's SLJbsidiary undertaking is slated al cost, less any provision for
Impairment in value.
Ikl Debtors
Trade and olhor deblors are recognised at the selllemenl amount after any trade discount
offered. p￿paYmentS are valued at the amounl prepaid nel of any trade discounts due.
Cash at bank and in hand
Cash al and In hand includes cash and short term highly liquid investments with a short
malurty ol three months or less.
Im) Llabllltlès and provlslons
Liabilities are recognised when there is an obligation al the bal8n¢e shofjt date as a resull ol a
past event, it is probable that a transfer of economic bengfit will be rèquired in setilèmenl, and
the amount of the settlement can be estimated reliably. Liabilities are recognised at the amoL+nl
that the charity anlicipales il will pay lo settle the debt or the amount it has received as
advanced payments for the goods or services 51 musl provide.
Inl Financial Instruments
The charity only has financial assets and financial liabilities ol a kind that qualify as basic
rinancial instruments. Basic financial instruments are initially recognised al transaction value
and subsequently measured at their settlernent value.
12

Pavilions Teignmouth
Notes to the Financial Slatemenls
Year Ended 30 June 2025
Income from donatlons and grants
2025
2024
Donalions
Grants
3,291
12,505
34,405
500
15.796
34,905
2025 the donations and legacies income included £nil12024 £nill of reslricled funds income
and grant income included £12,50512024- £5001 Df restricted funds.
Government grants received during the year tolalled £10,96812024 £5001.
Income from ¢haritabl• actlvltlos
2025
2024
Provision of Arts Cenlrg
524,444
491,891
Expenditure on charitablè actlvlties
Provisic>n
ol Arts
Centre
Govornance
¢osts
Total
2025
Totsl
2024
94,970
221.469
59,725
3,600
80,906
1,935
61,775
94.970
221,469
59,725
3,600
80,906
1,935
67,846
530,451
90,182
209,227
48,532
33,600
74,405
1,805
62,884
Promolitsn
Arts cent￿ expenses
Rent
Wages and salaries
Pension expense
Support costs
6,071
6,071
524,380
520,635
In 2025 the charitable activities expenditure included £10.96812024- £nill of reslricled funds
expenditure.
13

Pavilions Teignmouth
Notes to the Financial Statements
Year Ended 30 June 2025
Support Costs
Provision
of Arts
Centre
Governance
costs
Total
2025
Total
2024
Repair5 and maintenance
Travel and h05pilality
Wages and olhei etnploym$nt costs
Licences
Other
Independent examination
Legal and prof8ssiona5 fees
Depreciation
56,602
102
806
1,167
2,978
56,602
102
806
1,167
2,978
3,980
2,091
120
38,200
109
796
7,540
3.819
3.890
6.749
1.781
3,980
2,091
120
6,071
61,775
67,846
62,884
Net income
This is stalod after charging..
2025
2024
Depreciation ol tangible fixed assets
120
1,781
staff costs, trustee remuneration and expenses, and the r¥muneratlon of kay
management personnel
Staff costs were as follows..
2025
2024
Wages. salaries
Social security costs
Pension costs
79,611
1,295
1,935
74,404
1,805
82,841
76,209
The average number of persons employed by the charity during the year wa5 as follows..
2025
No.
2024
No.
Wages and salaries
No employe8 received remuneration in excess of £60,00012024.. £60,000).
The charity's trustees were not paid and did not receive any other benefits or expenses from the
charity in the current or the previous year.
14

Pavilions Teignmouth
Notes to the Financial Statemenls
Year Ended 30 Jtjne 2025
Tanglble Fixed Assets
Fixtures and
Offlce
flttings Equipment
Total
Cost
Al l July 2024
16,099
6,121
22,220
At 30 June 2025
16,099
6,121
22.220
D8prnclatlon
At 1 July 2024
Charge lor the year
16,099
5,882
120
21,981
120
At 30 Juno 2025
16,099
6,002
22,101
Net book value
At 30 June 2025
119
119
AI 30 June 2024
239
239
Fixed Asset Invttstments
The ¢h8rity's wholly owned subsidiary, Pavillons Enlerprises Limited. had share capllal and
reserves of £1 12024.. £11 al 30 June 2025. and profil lor the year lo 30 June 2025 of £nil12024'.
10. Debtors
2025
2024
Trade debtors
Prep2yments and accrued income
69,121
13,697
82.818
67,570
11,197
78,767
15

Pavilions Teignmouth
Notes to the Financial Statements
Year Ended 30 June 2025
11. Credltors.. Amounts falllng due withln one year
2025
2024
Trade creditors
Other taxation and social security
Other creditors
Accrua15 ancl deferred income
4,753
995
9,226
97,962
9,464
629
9,226
103,415
112.936
122,734
Dgf•rr&d Incomo
2025
2024
Defer￿￿ income at 1 July 2024
Resources deferred during the year
Amounts released from previous years
Deferred income at 30 June 2025
51,772
50.813
151,7721
40,375
51.772
140,3751
50,813
51,772
Al the balance sheet date, the charity was holding funds received in advance for charitable
activities for the following year.
16

Pavilion5 Teignmouth
Notes to the Financial Statements
Year Ended 30 June 2025
12. Movement in funds
Current year:
Balance at
30 June
2025
Balance at
1 July 2024
Expenditure
ransfers
Income
Unréstrictèd Funds
General
101,203
529.027
1519,483}
110,747
Total Unrestricted Funds
101,203
529,027
1519,4831
110,747
Restrictod Funds
Co-op in the community
Childrèn's theatre project
Lighting replacemgnl
1.232
500
937
00
10,968
2.169
1.100
110,9681
Total R*$trS¢t&d Fund$
1.732
12,505
110,9681
3.269
Total Funds
102.935
541,532
1530.4511
114.016
Provlous year:
Balance at
30 Juno
2024
8alance at
1 July 2023
Expenditure
ITransf¢rs
Incomg
Unrestricted Funds
General
95,449
526,389
1520,6351
101.203
Total Unrastrlctad Funds
95,449
526.389
1520,6351
101,203
R•8trletèd Funds
C(FOP in the community
Children's theatre project
1.232
1,232
500
500
Total Restricted Funds
1.232
500
1,732
Total Fund$
96.681
526.889
1520.6351
102.935
13. Analysls of net assèts betwe&n funds
The charity's balance sheet shDWS net assets of £114,01612024'. £102,935). Fixed assets in
respect of reslricled funds total £nil12024.' £nill. Current assets in respect of restricted funds
total £3,26912024- £1,732). The remaining net assets relate to unrestricted funds.
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Pavilions Teignmouth
Notes to the Financial Statements
Year Ended 30 June 2025
14. Oporatlng lease commltments
Lessee
AI 30 June 2025, the lolal of the Charity's fvture fninimal lease paymen15 under non-cancellable
oper81ing leases was..
2025
2024
Amount payable:
Within l year
Between 1 and 5 y88
Total
2.000
3,000
2,000
2,000
5,000
Lessor
At 30 June 2025, the total of the Charity's fijture minimal lease payments recèivable in resPOCt
of rents under non¥cancellable operating leases wa5-.
2025
2024
Amount receivable:
Within 1 year
Belween 1 and 5 years
Total
24,371
31.836
21.224
24.371
53.060
15. Related Party Transactions
During the period. the charity received rent of £nli 12024: £nnl and a gtn aid donwliDn of £nti
12024.. £nill from ils subsidiary, Pavilions Enterprises Limited. The amount owed to charily at
tho year end was £nil12024.' £nill.
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