Company registration number. 09808860
Charity registrat￿n number.. 1165520
The Burton at Bideford
(A company h"mrted by guarantee)
Annual Report and Financial Ststemenls
for the Year Ended 31 March 2025
WESTCOTTS
A BUSI¥ESS ADVISER5
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*AEESYwfiM*
2W1012025
COMPANIES HOUSE
#231

The Burton at Bideford
Contents
Reference and Adminislrative Details
Trustees. Report
2107
Independent Examinerfs ReF<>rt
Statément of Finanaal Activittes
Balance Sheel
101011
Notes lo the Financial Statements
12to26

The Burton at Bideford
Reference and Administrative Detsils
Chairman
Robert Mdlward
Truslees
Samuel Astill
N￿holaS Beer
lan Huggelt
Sarnh Lawrence
Benjamin Liddell
Kati Russell
Jeremy Sha￿8 IresMJned 5 June 2025)
Robert Woolley
Secretsry
Joanna Jones
Charity Reglstratlon Number
1165520
Company Reglstration Number 09808860
Registered Office
Burtw Art Gallery And Museum
lQngsky Road
Bideford
Devon
EX39 2QQ
Independent Examlner
Weslcotts ISW) LLP
Timber
South Street
Axminsler
Devon
EX13 SAD
Pa9e 1

The Burton at Bideford
Trustees, Report
The trustees. who are d1￿CtOrS for the purposes of company law. present the annual report together
with the finaneial statements of the charrtable company for the year ended 31 March 2025.
Objectives and activities
The objectNes of the eharty are to advanee education and the arts. in partieular by the estsblishment
of a museum and art gallery which profnote5 public knowledge. enjoyment and appreciation of the
ans, local herrta9e and leaming. This report u)vers the perK)d from 1st April 2024 to 31st March 2025,
the ninth year of operation.
During the penod there were nine Trustees. Regional and natsonal advertising and a fully inclusive
process resutted In the recruitment of a new, pem)anent, Director, Harriet Cooper. who took over
management of the charrty from inlerirn co-Directots. Harriet who has excellent seclof skills and
experience including developmental work ￿ryth e8rly-career artisls and strategic leadership of natKJnal
partnership proiects, has settled into her role very well.
The Board has continued to maintain, conserve and display the art and hentage assets of Torridge
Dislrit Council ITDCI while building on its own mrySest collect￿ft.
Page 2

The Burton at Bideford
Trustees, Report
Objecrfves. strategies and acfivities
This was the seventh year of The Burton's Tecognition as an Arts Council England National Portfolio
Organisation {ACEINPOI with funding in place at £85.140 per annum until 2026 TDC was Ihe other
main source of funds with the recept of £140.000. Capital fvnding of £120,000 from ACE for the
installation of 501ar panel$ and unisex toikls has enabled us to make s￿nifICant steps towards our
vin aims of net zero and greater aecess and indusion. The SenKJi Management Team ISMTI
secured funding from trusts and foundations including wake￿￿j Trust and The Gibbons Tnjst. as well
as grants from Bideford RegeneratDn Board and the Rural England Prosperity Fund despite the stiff
competition for ac￿ssIng such funds. An innowative campaun in support of our work with children.
schools and families in North Devon was 'Burton Fu¢ures' whi¢h raised a lotsl of £11,169 including
matched funding via The Big Give Arts for Impacts programme.
The Burton deliVe￿d a full and varied programme of temwrary exhibitions featuring k)cal. nat￿nal
and internats.onal artists. showing vA)rk of both a tradrtM)nal and contemporary nature.
In May we launched our first BKleford Pholomonth. a celebration of photography and rural lrfe tsking
place across the lowrkof Bhleford wh￿h saw over 13.000 visitors. This rich progr8mme included work
by inlernationalty renowned photographer Martin Parr. a solo show by Devon-based photographer
Robert Darch and a new display of prints by James RaMlw)us from The Burton's own collection. Wort(
by 8rilish photographer Anita cO￿1n was exhibited in shop wndows leading visitors lo an exhibition
by South African artist Gideon Mendel in BidefcKd'$ historic Pannier Market.
The Westward Hol and Bideford Art Soaety (WHOBIO} and the Annual Schools Exhibitions once
again showcased the wort of kjcal artists and talented 5-18 year old students. The RJ Lloyd Memorial
Exhibition was visited by over 21,000 people and Celebrated the work of this Bideford-based artist,
containing many iiems from our permanent ts)Ilecik)n arKI severnl illustrations from his eollaboralion
wrth the poet Ted Hughes.
Throughout Ihe year we cekbrated the power of printmaking. induding an exhibrtion of new work by
members of the Royal Society of Painter-Printrnakers and a sok) presentation of works by Yinka
Shonibare CBE. one of the mosl esleen*d international artists working loday. Linked to these were
talks, workshops and demonslralions bringing together the best of prinlmaking in the South Wesl.
Strategic woth with in Ce￿Mi¢S began with a stunnrngty original exhibilion in the main gallery spa¢e
called 'Pop Art and Potterf, cwuraled wilh Nick Duxbury and presenting a kaleidoscope ol cerami¢s
from around the world. The next show was drawn from our pemanent collection, featuring five key
makers from the Christine Halstead bequest. Ceramic Artist in Residence. Florence ￿eT. created
work in response lo our RJ Lloyd" coll￿tIOn of North Devon slipware. exploring ideas surrounding
commemoration. Finalty. at auction and with 5UPPOrt from The Friend5 of The Burton. we acquired 6
key pieces from The Fishley Co118Ction whbch deepen our holdings of North Devon Slipware and
Yelland sludtoware.
Through our outreach progrnmme The 8urton continued to work 7Mth both Brave Spaces (Led by
Encompass and North Dev￿ Again51 Dornest￿ Abuse) and Devon Recovery Learning Centre to
provide a monthly Art Club and mental heatth drop-ins respectively. Our in-house programmes The
Gieal Burton Sewing Bee and Printworks delivered 108 sessions wilh over 750 participations. The
Burton Youth Colieclive 1$ now a core activty bringing the voices of up to 12 young people into the
heart of the organisalion, and support from The Gibbons Trust facililaled a visrt to the studio of
artist Emma Stibbon RA at Spike Island in Bristol_ 36 creatrve workshops for adulis throughout the
year helped Part￿1pants lo leam new art skims.
Page 3

The Burton at Bideford
Trustees. Report
The Burton Teacher Netsvork continues lo hold meetings every temi to support ne￿rkIng for
teachers in I¢xo1 schools. Event acti￿1￿5 include meeting local arti%ls lo encourage teachers to
employ artists direcily, as well as peer leaming and CPD. Crafty Kids provides art fun for pre-school
chiklren during temi lime and for all chIld￿n up to age 11 during the holida￿, ￿nn¢ctIng with over
1,700 people thi5 year. Our Art for Home Ed programme has been very popular ￿th many of the 8-16
years old chIld￿n working towards Iheir Arts Awards. The Burton converted The Burton Art Box into a
camera obseura, bringing a magul experEnce combining art and science to over 1,300 participants
in rural comrnunities across Northern Devon.
A collaboration befvleen The Burton and The Ackland and Edvrards Trust has facilitated public access
lo the archive of these prolific artists. wels, authors and ￿tter vrrilers. We continue lo host a PhD
student based al the Univetsrty of the West of England lo study the poety and painting of Mary
Slella-Edwards and they work weekty wrth our 9ioup of arthNe volunteers to dlgiiise letters and
documents. InC￿aS1ng put￿1¢ access to this collection.
The Craft Gallery features the very best of local and national Contemporary craft, from ceramies and
prints to jewellery, lexliles and woodenWa￿. 0¢￿siOnal "Meet the Makerf sessions have been vèry
well received ènd help us connect MO￿ strongly %wth makers in the South Wesl. Our shop is bursting
with exclusive items you won't find on the high street including bwks, ort supplies, stationery.
children's loys, homewares and greetings card5. often ￿rIe¢lIng our changing programme of
exhibitions. Friendly and hvJhly skJ"Iled staff have ensured that Irdding income remains strong.
Occasional surveys of our 163,000+ w$rtors during the year have confirffe¢J the continuing wpuL4rily
of our museum and gallery with both the local communty and visitors from far and wde. This year
54% of our wsitors were b¢al lo the surrounding 10 miles and travelled over 100 miles to visit
The Burton.
The Board remains grateful to our principal funder. Torridge District Counul and we are mindful of our
obligations to it. The Trustees have ensured that the requirements as set out in the five year 'SeNice
& Funding Agreemeftl, with TDC have been fvlty meL The Iwo organisation5 continue lo meet
regularly on a formal and infomlal basis.
Publi¢ benefit
The Iruslees confirm that they have complied with the requirements of seCt￿n 4 and section 17 of the
Chari(ie5 Ael 2011 to have due regard to the public benefrt guKJance published by the Charity
Commission for Engknd and Wales.
The Gallery and Museum have a free enty poly. From January 2025 The Burton has b8on cbsed
on Mondays but wrth an extra hour ¢)pen from Tuesday to Saturday.
Page 4.

The Burton at Bldeford
Trustees. Report
Flnanclal revlew
2025 represents the ninth fvll ￿ar of operntion for The Burton at Bideford as an independent charity.
The Boaid continues to appreciate the geneffjus support of The Friend5 of The Burton and the Chairs
of eo¢h chanty continue to meet both infom)ally and in committee to discuss the sustainability ol
funding, potential sponsorship. fund raising actiwties and legacies.
This has been a diff￿ul1 year financk41ty h￿th rL¥ing costs and additional outside funding lor projects
and core aetivslies prowng lo be elusive This has resumed in us incurring a deficit on our spendable
unrestricted funds of £18,292. the first lime we have been in such a positson for a number ol years.
Fortunately we We￿ able lo fund this frorn reser¥e5 buitt up in the earlier yeats. This deficit 1$ masked
in our overall figures by ￿$trIcted grant income whth includes £115.893 of capital grants Specifi￿llY
provlded lo enable us lo enhance our customer toilet facilit*s to make them more accessible and
make the buikling more envir0nrnentsl￿ sustsinable by the installation of PV solar panels and the
irnprovement ol many of the older drafty windows in our building. Charity accounting rules mean Ihal
we need lo show these grants wrthin our income even though they We￿ obtsined for an only be
expen¢Jed on capital projeds forwhich they were provKled.
We have continued to maintain a firm control of our cost base and increases in expendf(ure. other
than for energy, have been in line wrth budgets. Conlffjl of costs is 8 key lo us building our
unrestricted funds reserve lo a level whth wdl pro￿￿ ongoing stsbilrty.
Policy ¢)n reseThes
The Trustee's ReseNes Polw is lo accrue reseryes of al least six months expenditure to help us
meet contingencies and devek>p addrtional services to the commun5ty. Our unreStr￿ted fund balance,
after albwing for our heritsge assets. currentty stands at £218.277. This is close to our six month of
expenditure target. The reserves will also be used to repkce assets as they become wom out or
become obsolete as technology changes.
The Charit￿5 activi(ies expose it to 8 number of finoncbal risks induding credrt risk and cash fl¢)w risk.
The principal financial assets a￿ bank balances and cash. trade and other re￿1vableS. Credrt iisk is
primarily attributable lo its trade receivables. There is no signitunl concentration of credit risk. wrth
exposure spread over a number of counterparttes and customers. The risks affecting Ihe charity are
kept under constant review by the Trustees and we have fomiulaled a revi￿ matrix to assist with
evaluation and miligation of risk.
Page 5

The Burton at Bideford
Trustees. Report
Structurep governance and management
The Burton at Bideford is a Company limited by guarantee and vrds incorwraled on 4th October
2015. 11 look over responsibility for running the Burton Art GaI￿ry and Museum from, and under an
agreement with, TDC on 1 April 2016.
The charity is govemed by a Board of Trustees {the Board) of not Sess than four indrvhyuals who give
their lime volunlarify and receNe no ￿muneratIon. The Trustees have a broad and balanced skill Sel
and all of them have individual responsibilities. mostly undertaken through Su￿comMitteeS (Eduealion
Learning and Pèrbcipalion. Finance. Audit and Compliance and Buildings and Environment) alongside
overall governance of the charty in order to achieve its obj'ectives.
The Board held bi-monthly full Board meetings during the period 1 April 2024 to 31 March 2025
supplemented by regular sub-commiifee and Burton Enterprises (our trading ami) meetings.
The Charity hekl an Annual General Meeting mid period which included invitations for other parties lo
attend.
Recruitment and appointment of trustees
Trustees are recruited on an open athrt basis. gmng anyone Ihe opwrtunity to apply lo beeome a
Trustee and recewe a Trustee recruilmenl pack of inf0M￿tion. Job profiles have been developed for
Tiuslee, Chair, Vice Chair and Treasurer. The Board has a skills malrix which it reviews every other
year. This i¢Jenlifies the mix of skills, governance experience and attribute5 that it aims lo hamess
from amongst it5 existing Trustees and ￿n$KlerS any areas that are lacking when seeking new
Tfuslees.
Induction and training ol trustees
The charity has developed a fonnal inductkjn prograrnme for nthv Twslees to give them a 9rounding
on core governance matters such as seNKe and funding agree￿￿nIs. terns of lease. and current
strategy. Thi5 IS Supported by meetings wth an estsblished Trustee. Company Secretary. the Chair
and Ihe Director. Those new lo Trusteeship a￿ offered exiernal training and development including in
safeguarding (via NSPCCI and in courses offered by Nalional Council for Voluntary Organisations
INCVOI.
The Board has a number of sub-committees whKh report lo the Board on matters covered by their
Temis ol Reference.
Statement of trustees. responsibilitiès
The Iru5tees {who are also the (l1￿clOr$ of The Burton at 8hdeford for the purposes of company lawl
are responsible for preparing the Irustee$' report and the financial statements in accordance wlh
applicable law and United Kingdom Accountsng Standards (Unrted Kingdom Generalty Accepted
A￿oUntIng Practice}. induding FRS 102 Yhe Financial Reporting Standard applicable in the UK and
Republ￿ of Ireland". The report and accounts have been prepared in accordance with the pwsion5
in the Companies Act 2006 relatin9 to small companies.
Company law requi￿$ the trustees to prepare financial statements for each financial year. Under
company law the lrnslees must not appro¥e the financial ststements unless they are satisfied thal
they give a true and fair of the slate of affairs of the charitabk company and of the incomin9
resources and applut￿n of resOU￿e$. including ils Inco￿ and expenditure. of thè charitable
company for that period. In preparing these financol statenwnts. the trustees are required lo..
Page 8

The Burton at Bideford
Trustees. Report
select suttable accounting poli￿ and appty them consislentjy.
observe the methods and principles in the charit￿ SORP..
make judgements and estimates that are reasonable and prt￿t".
slate whether applicabk accounting standards, comprising FRS 102 have been followed. subject
lo any material departures disclosed and explained in the financial slalements.. and
prepare the financial statements on the going concem basis unbess it 15 inappropriate lo presume
that the charitable company wll continue in business.
The trustees are responwble for keeping proper accounting records that can disclose with reasonable
accuracy al any lime the financaal posttion of the charilable company and enab￿ them to ensure Ihat
the financial stslements comply wtth the Companies Acl 2006. They are also responsible for
safeguarding the assets of the charitable company and heno for taking reasonab￿ steps for the
p￿VentiOn and detection of fraud and othef irregularities.
The Injstees are responsible for the maintenance and integrity of the corporate and financial
information Included on the charttable companls web5rte. Legislation goveming the preparat￿n and
disseminab.on of financial statements may differ from legislathjn in other juri5diclions.
Small companies provlslon statement
This report has been prepared in accordance wth the small companies regime under the Companbes
Act 21)06.
The annual report wa$ approved by the trustees of the charty on .... ....
behaff by..
and signed on ils
ugge
rus
Robert Millward
Ch8iman
Page 7

The Burton at Bideford
Independent ExamineVs Report to the trustees of The Burton at Bideford ('the
Company.)
I report lo the charity tru$lee$ on my examination of the accounts of the CoTryany for the year ended
31 March 2025
Responsibilities and basls of report
As the charty's trustees of the Company land also its directors for the pU￿oSeS of company law) you
are responsible for the preparation of the accounts ui accordance with the requirements of the
Companps Ad 20061.lhe 2006 Act,).
Having satisfied myself that the accounts of the Company are not wuired lo be audited under Part
16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination
of your charty's accounts as carried out under sett￿n 145 of the Charities Act 2011 I'the 2011 Acl'l.
In carrying out my examination I have folkMd the DirectKJns gr4en by the Charity Corrwnission under
section 14515llbl of the 2011 Act.
Independent examlnerfs statement
Since the Compangs gross income exeeeded £250.000 examiner musl be a member of a boty
listed in secl#)n 145 of the 2011 Act. I confirm that l am qualified to undertake the examinalK)n
because l am a member of The Instittrte of Chartered Accountants in Engknd and Wales IICAEWI.
whieh is one ol the listed bod*s.
I have completed my examinatv)n. I confimi that no malters ha¥e come lo my attent￿ in connection
with the examination giving Me cause to belie¥e-
1. accounting records were not kept in le$￿et of The Burton al BKleford as required by seciion 386
ol the 2006 Act: or
2. the 8ccounts do not a¢¢ord with those records.. or.
3. the accounts do not compty with the accounting requirements of seCt￿n 396 of the 2006 Act
other than any requirement that the accounts give a 'true and fair wev/ which is not a matter
considered as part of an independent examin*ion- or
4. the accounts have not been prepared in accordan￿ ￿th the methods and pftnciples of the
Slalemenl of Recomrnended Practice for accounting and reporting by charities lapplicable to
charities prepanng their accounts in aceordance with the Financial Rep)rting Standard
appI￿able in the UK and Republ￿ of Ireland IFRS 102)].
I have no concerns and have ￿rne across no other matters in conThed￿n with the examination to
whKh attention should be drawn in this report in order to enable a proper understanding of the
aeeounts to be reached.
arrington IFCAI
or and on behalf of Westcotts (SW) LLP
Timberly
South Street
Axminsler
Devon
EX13 SAD
Oale..
Page 8

The Burton at Bideford
ststement of Financial Activities for the Year Ended 31 March 2025
(Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Unrestricted
funds
Restricted
funds
Total
2025
Total
2024
Note
Income and Endowments from:
Donatsons and legacies
Charitsble actNities
Other trading aclivibes
Investment income
Oiher income
1￿.302
170.430
74,446
3,580
85,636
138.391
244,693
170,430
74.446
3.580
85.636
121,044
163.084
77.243
3,271
70,857
Total income
440.394
138.391
578,785
435,499
Expenditurg on:
Charitable aclivrties
461,240
5.818
467,058
419.140
Total expenditure
Nel lexpenditureifineome
Transfers betr￿en funds
461.240
5.818)
467.0581
1419,140
{20.846)
132.573
2.554
111,727
16,359
Nel movement in funds
{18.292)
130.019
111.727
16,359
Reconclllation of funds
Total funds brought forward
283,135
5.000
288.135
271,776
Total funds carried forward 20
264.843
135.019
399,862
288,135
All of the charity's actIvrt￿ derive fmm continuing operats.ons during the above periods.
The funds breakdown for 2024 is shry*n in note 20.
The notes on pages 12 to 26 form an integral part of these ffinancial statements.
Page 9

The Burton at Bideford
(Registration number: 09808860
Balance Sheet as at 31 March 2025
2025
2024
Fixed assets
Tangible assets
Heritage assets
Investrnenls
14
15
16
141,807
46,566
1,225
15.24S
43.562
1.22S
60,032
189.598
Current a$sets
Debtors
Cash al bank and in hand
17
89,018
195,638
284.656
64.468
221,161
285.629
Creditors: Amounts falling due Tmlthin one year
Net current assets
18
(74.392
57,526
210,264
228,103
Net assets
399.862
288,135
Funds of the charlty".
Restricted income funds
Restricted lund5
135,019
5.000
Unrestricted income fvnds
Unreslficted ftjnds
264.843
283.135
Total funds
20
399.862
288.135
For the financial year ending 31 March 2025 the charity vras entitied to exempts'on from audit under
section 477 of the Companies Act 20C6 rekiting lo small companies.
Direetots. responsibTlities'.
The Members have not wuired the charity lo obtain an aud.rt of its accounts for the year in
question in accordance wlh seclM)n 476: and
The diredors acknowledge their ￿ponsIbIliti.e$ for CoMp￿.ng with the requirements of the Act wlh
resped to accounting records and the preparation of accounts.
These financial slalemenls have been prepared in accordance with the special provisions relating to
mpanie5 subjecl to the small companie5 regime within Part 15 of the Companies Act 2006.
The notes on pages 12 to 26 fom an integral part of these finan￿al stalemenls.
Page 10

The Burton at Bideford
(Registration number: 09808860)
Balance Sheet as at 31 March 2025
ci
I statements on pages 9 to 26 were approved by the tmstees, and authorised for issue on
and s￿ned on their behalf by_
Huggett
lee
Tr
Robert Milhyard
ChaiM￿n
The I￿leS on pages 12 to 26 forn an integral part of these financial statements.
Page 1.1

The Burton at Bideford
Notes to the Flnanclal Statements for the Year Ended 31 March 2025
1 Charity ststus
The charity is limited by guarantee, incorKx)raled in England and Waks, and consequentty does not
have share capital. Each of the Irustees is l￿ble to conlribute an amount not eKeeding £10 towards
the assets of the charty in the event of liquidation.
The address of ils registered office is..
Burton Art GalleryAnd Museum
Kingsley Road
BKleford
Devorn
EX39 2QQ
2 Accounting policies
Summary of significant accountlng policles and key accounting estimales
The principal accounting policies aPpl￿d in the preparation of these financial slalements are set out
below. These poli￿eS have been consistently applied to all the Yea￿ presented, unless otherwise
slated.
Statement of compliance
The financial stalements have been prepared in accordance with Accounting and Reporting by
Charf(ie$'. Statement of Recommended PrdCtKe (appl￿ble lo charities p￿paring their accounts in
accoidance with the Financial Reporting Standard applic8ble in the UK and Republic of Ireland IFRS
1021) (issued in October 20191- (Charities SORP {FRS 10211. the Financial Reporting Standard
applTCAble in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006.
Basis of preparation
The Burton at BKleford meets the definition of a public benefit entty under FRS 102. Assets and
liabilities a￿ initKally ￿OgnIsed at historical c05t or transaction value unless otherwise slated in the
relevanl accounting wlicy notes.
Going concem
The trustees consKler that the￿ are no material uncertaint￿5 about the ¢hariWs abilrty to continue as
a going concern nor any signfficant areas ol uncertainty Ihal affect the carrying value of assels held by
Ihe charty.
Exemption from preparing a cash flow statement
The charity opted lo eady adopt Bulletin 1 published on 2 Febtuary 2016 and have therefore not
included a cash fhjw slalemenl in these ffinanual slalements.
Income and gndowments
All income is recognised once the chanty has entitlement lo the income. rt is probab￿ that the income
will be received and the amount of the income receNable can be measured Telk?bPy.
Page 12

The Burton at Bideford
Notes to the Financial Statements for the Year Ended 31 March 2025
Donatlons and legacies
Oonalions are recognised t•then the charity has been notified in wnting of both the amunl and
settlement dale. In the event that a dOnat￿n is subject to condrth)ns that require a level of
performance by the charity before the chanty 15 entitled to the funds. the income is deferred and not
cognised until either those conditions are lulty mel. or the fuifilment of those conditions is wholly
wi(hin the control of ihe charity and it is probable that these conditions will be fulfilled in the reporting
period.
Grants rtteivable
Grants are recognised when the thanty has an entrtlement lo the funds and any conditions linked to
the grants have been mel. whe￿ Performan￿ condrtions are attached to the grant and are yel lo be
mel, the income is recogntsed as a Irabilty and induded on the balance sheet as deferred income to
be released.
Expwnditure
Ail expendilure rs recognised once there is a kgal or constructNe obligalion to that expenditure, rt is
probable seitlemenl is required and the amount can be measured relobly. All costs are allocated lo
the applieable expenditure heading that a99￿ate simiL4r costs to that category_ Where costs cannot
be directly allributet1 to part￿VIar headings they have been all¢xaled on a basis consistent with the
Use of resources, with central staff costs allocated on the basis of time spent. and depreciation
harges allocated on the port￿ of the asset's use. Other support costs ale alkKaled based on the
spread of staff cost5.
Charitable activities
Charitable expenditure ¢omprises those costs incurred by the charty in the delivery of ils activitie5
and services for ils benefiryaries. It includes both costs that can be allc¢aled directly to such activities
and those costs of an indirect nalure necessary to support them.
Support costs
Support costs include ￿ntral funth.ons and have treen alk)caled lo actsvity cost categories on a basis
consistent with the use of resources. for exampb. althaling property costs by floor aieas, or per
capita. staff costs by the tsme spent and other costs ty their usage.
Taxation
The charity is considered lo pass the tests sel out in Paragraph 1 Schedule 6 of the Finance Act 2010
and therefore il rneels the definttion of a charitable company for UK corporation tax purposes.
Accordingly, the charity is polentk3lly exempl from taxat￿n in respect of Income or capital gains
received within categorvè5 eovered by Chapter 3 Part 11 of the Corporation Tax Aci 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are
applied exclusNely to charrtable purposes.
Tanglble fixed assets
IrKlividual r￿ed as5els Costing £0.00 or more are initi'alky recorded at cost. less any subsequenl
accumulated depreciat￿n and subsequent accumulated impairment losses.
Page 13

The Burton at Bideford
Notes to the Financial Statements for the Year Ended 31 March 2025
Heritage assets
Heritage assets me8sured under the cost m(MJel are recognised Initial￿ recorded al acquisitton cost
and subsequently staled at eost less any aC£uff￿l8ted depreciation and Impalm￿nI losses.
Heritage assets measured under the revalu*ion m¢)Jel are recorded at fair va￿e less any
accumulated Impaimenl losses.
Where information on the eosl or value of an asset is not awailable and cannot be obtained at a cost
which is commensurate ￿th the beneffts lo usets of the financial stalemenls. the asset shall not be
recognised in the slalement of finanual p05rtton.
Depreciation and amortlsatlon
Depreciation is provided on tangible fixed assets so as to write off the co$1 or valuation. le￿ any
eslimaled residual value. over their expeded useful economic life as folkn￿.
Assèt class
Land and buildings
Fixiures and ffftings
Depreciation method and rate
5% to 100% 51raighl line
33% straight line
Flxed asset investments
Fixed asset investments, other than programme rekqled investments. a￿ in￿ded al market value al
the balance sheet dale_ Realised gains and losses on investrnen15 are calcu￿ted as the difference
befv4een sales proceeds and their market valLte al the start of the year, or theiT subsequent cost, and
are charged or credited lo the Slalemenl of Financial Activitses in the pericvJ of disposal.
Unrealised gains and losses represent the movement in market Wdlues during the year and are
credited or charged lo the Slat*nent of Finanoal AclivI￿ based on the market Yalue al the ￿ar end.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and deposris. and other short-lerm highly
liquid Investments that are readity convertible to a known amount ol cash and are subject to an
insignifieanl risk of change in walue.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees d¢screlion in
furtherance of the objectNes of the charity.
Designaled fvnds a￿ unrestricted funds set aside for specific purr*)ses at the discretion of the
Iruslees.
Restricted income funds are those donated for use in a particular a￿a or for specifK purposes. the
"use of which is reslrKted lo that area or purpose.
Page 14

The Burton at Bideford
Notes to the Financial Statements for the Year Ended 31 March 2025
P•nsions and other post rntirement obllgatsons
The charity operates a defined contribution penS￿n scheme which is a pension plan under which
fixed contributKJns are paid into a pension fund and the chanty has no legal or constructive obligation
to pay further eontn'bulions even rf the fund does not hokd sufficient assets lo pay all employees tlfe
benefits relating lo empbyee ser¥ice in the ￿Tren1 and pwr periods.
Contributions lo defined contribution plans are recognised in the Stalemenl of Financial Activilies
when they are due. If contribution payments exceed the contribulK)n due for se￿L¢e. the excess is
recognised as a prepayment
Financlal in$trurnents
Classification
Financial assets and financial h'ablities a￿ fecognised when Ihe chanty becomes a party lo the
contractual provisions of the inslrumenl.
Financial IBbilrties and equity instruments are tlassffEd aecording to the substsnce of the contractual
arrangements entered into. An equty instrument is any ￿n1rdCt that emdences a residual Interest in
the assels of the chanty after deducting all of rts lthilities.
R￿OgnItion and measurement
All finaneial assets and Ik4bilities are initialw measured at transaction price (including transaction
costs), except for those financial asset$ classified as at fair value through profrt or loss. which are
inrtially measured at fair value (which is normally the IransactK•n price excluding transaction cost
unkss the arrangement conslf(utes a financing transaction. If an arrnngemenl conslilvles a financing
transaction, the financial asset or financial liabilty Is measured at the present value of the future
paymenls dsscounted at a market rale of interest lor a swnilar debt instrument.
Financial assets and liabilits.es are only offset in the slalement of financial position when, and only
when there exists a kgalty enforceable right lo set off the ￿Cognised amounts and the charity intends
either lo settle on a nel basis. or lo realise the asset and settle the lsabilty simuttaneously.
Financial assets are defeeogni5ed when and onty when a) the contractual rights lo the cash flows
from the financial asset expire or a￿ settled, bl the tharty transfers lo another party substantially all
of the risks and rewards of ownership of the finanryal asset. or c) the charity. desprte having retained
some, but not all, significant risks and rwards of ownership. has transferred control ol the asset lo
another party.
Financi81 IHbililies are derecg)gnised onty vthen the obltqation specified in the contracl is discharged.
cancelled or expires.
P￿e 15

The Burton at Bideford
Notes to the Financial Statements for the Year Ended 31 March 2025
Investments
Investments in non-convertible preference shares and non-puttable ordinary or prefe￿nce share5
(where shares are publ￿lY Iradet1 or their fair value is reliably measurable) are measured at fair value
through profit or loss. whe￿ tsir value cannot be measured reliabty. investments are rneasu￿d at
cost less impaiment.
Investments in subsidiaries and associales are measured at cost less impaimenl. For investments in
subsidiaries acquire(J for conSiderat￿n induding the issue of share5 qualifying for merger relief. cost
is measured by reference lo the nominal Value of the shares rssued plus fair value of other
considerats"on. Any premium i% ￿nOred.
3 Income from donations and legacles
Unrestricted
funds
General
Restricted
funds
Total
2025
Total
2024
Donations and legacies..
Donations from companies.
trusts and ￿milar proceeds
OonalK)ns from indiwduals
Grants. including capital grants..
Gran15 from other charities
Regular giving and capital
¢Jonation$
15,000
7.423
17.668
38,825
56.493
86.634
99.566
186,200
96.288
2.000
2,000
244,693
2.333
106,302
138,391
121,044
4 Income from charitable activlties
Unrnstricted
funds
General
Totsl
2025
Total
2024
Running of the gallery and museum
Tax relief
143.926
26.504
143.926
26,504
140,430
22,654
170.430
170.430
163,084
Page 16

The Burton at Bidoford
Notes to the Financial Statements for the Year Ended 31 March 2025
. 5 Income from other trading actlvltles
Unrestricted
funds
General
Total
2025
Totsl
2024
Trading income..
Workshops and room hwe
Events income".
Fundraising
Cafe rental and serv￿$
42.308
42.308
31,275
4.345
27.793
4.345
27,793
74,446
20.000
25,968
77.243
74.446
6 Investmont income
Unrestricted
fund5
Ggneral
Total
2025
Total
2024
Other investrnenl income
3.580
3.580
3,271
7 Othei income
Unrestricted
funds
General
Total
2Q25
Total
2024
Income from trading subsidiary
Profil donated to parent tharty by Gift AKI
37.224
48,412
85,636
37.224
48.412
85.636
32,847
38.010
70,857
8 Expendilure on charitable activities
Unrestricted
fund$
General
Restricted
funds
Total
2025
Total
2024
Note
Running of the
gallery and
museum
Staff costs
Allocated support
costs
107.989
271,824
2.981
110.970
271,824
127,029
225,224
81.427
2,837
84,264
66,887
461,240
5.818
467,058
419.140
Page 17

The Burton at Bideford
Notes to the Financial Statements for the Year Ended 31 March 2025
9 Analysis of support costs
Support costs allocated to charltable activ6tles
Other
support
Total
2025
Total
2024
Slaff costs
Premises
Premises
Communications and IT
General office
Govemances costs
3.897
2.837
25.512
8.807
34,903
8,308
84.264
3.897
2,837
25.512
8.807
34.903
8.308
84.264
2,6
19,991
7,153
32,395
4,742
66,887
10 Net incomlngloutgoing resources
Net incoming resources for the yEar include".
2025
2024
Depreciation of fvAed assets
11,459
7.720
11 Trustees remuneration and expenses
No Iruslees. nor any persons connected with them, have received any reMunerat￿n from the charty
during the year. Travel expenses lolalling £012024 - £0) were reimbursed to Iruslees during the year.
No twslees have received any other beneffts from the thanty during the ￿ar.
Page 18

The Burton at Bideford
Notes to the Financial Ststements for the Year Ended 31 March 2025
12 Staff costs
The aggregate payroll eost5 were as follows..
2025
2024
Stoff Costs during the year wern:
Wages and salaries
Sooal security costs
Pension costs
Other staff costs
235.609
12.808
20.202
3,205
195.878
7,362
18,435
3.549
271,824
225,224
The monlhty average number of person5 (including senior management I leadership teaml employed
by the chanty durin9 the year vras as folkThv5".
2025
No
12
2024
No
Number of staff
The average number of full-time equivalent empbyees during the year was 8 (2024 - 71.
No employee recebved emoluments of more than £60.000 during the year.
Page19

The Burton at Bideford
Notes to the Financial Statements for the Year Ended 31 March 2025
13 Taxation
The charity is a registered ¢hanty and 1$ therefore exempt fmm taxation.
14 Tangible fixed assets
Furni￿re
and
equipment
Land and
buildings
Total
Cost
At 1 April 2024
Addl1￿)nS
6,685
126,916
73.377
11.105
8O,C62
138,021
Al 31 Mareh 2025
133.601
84.482
218.083
Depreciation
Al 1 April 2024
Charge for the year
At 31 Marth 2025
2.682
3,424
62.135
8.035
64,817
11.459
6,106
70.170
76.276
Net book value
At 31 March 2025
127,495
14,312
141,807
At 31 March 2024
4.Tr)3
11,242
15.245
Page 20

The Burton at Bideford
Notes to the Financial Statements for the Year Ended 31 March 2025
15 Heritage assets
Total
Cost
At l April 2024
Additions
43.$62
3,004
43,562
At 31 March 2025
46.566
46,566
Depreciation
At 31 March 2025
Not book value
At 31 March 2025
46.566
46,566
In compliance with the Charity SORP {FRS102), newly purchased or restored heritage assets are
in11al￿ Capital￿ed and induded at cost induding any incidenlal expenses of acquisrtion and are
svbsequenlty reviewed annualty for impairment.
Sumrnary of transactions
2025
2024
2023
2022
Purchases and additions
RavilDus Photo Collection
Paul Lewin Artwo
Connor Coulston Ceramics
Michelle ShElds Cerami
William Fishley Hollantj &
Micheal Leach Ceramics
Jason Wason lidded jar
39.100
1.200
702
510
2.554
450
Total additions
3,004
1.212
1.200
39.100
16 Fixed asset inveslments
2025
2024
Shares in group undertaking¥ and participating nterests
Other investments
100
1,125
1,225
100
1.125
1,225
Page 21

The Burton at Bideford
Notes to the Financial Statements for the Year Ended 31 March 2025
Shares In group undertakings and p•rticipating Interests
Subsidiary
undertakings
Totsl
Cost
At 1 April 2024
100
100
At 31 March 2025
100
100
Net book valu•
At 31 March 2025
100
100
At 31 March 2024
100
100
Other investments
Unlisted
investments
Total
C05t or Valuation
At 1 April 2024
1.125
1.125
At 31 March 2025
1.125
1,125
Net l>ook valu•
At 31 March 2025
1.125
1.125
At 31 March 2024
1.125
1.125
Detail$ of undertakings
Delails of the investments in which the chanty holds 20% or more of the nominal value of any class of
share caprtal are as follows..
Country of
incorporation
Proportion of voting
rights and shares held
2025
2024
Princlpal
activity
Undertaking
Holding
Retail sales
in
cc¥nmercial
art galleries
The Burton
Enterprises Limited
England and
Wales
Ordinary
shares
101YIo
Page 22

The Burton at Bideford
Notes to the Financlal Statements for the Year Ended 31 March 2025
17 Debtofs
2025
2024
Trade debtors
Due from group undertakings
Prepayments
Other debtors
5,420
29,431
5,478
48,689
7.620
26,80S
5,807
24,236
89,018
64,468
18 Creditorts- amounts falllng due within one year
2025
2024
Trade CTedrtors
Olher taxation and soual secunty
Other c￿dItOrS
Accruals
54,124
17,852
4,591
28.812
6,271
8.341
11,927
74,392
57.526
19 Pension and other schemes
Defined ¢ontrlbution pension scheme
The charity operates a defined contribU￿n pension scheme. The PenS￿n e41St charge for the year
represents contributions payable by the charity lo the scheme and amounted lo £20.202 (2024
£18.43SI.
Page 23

The Burton at Bideford
Notes to the Financial Statements for the Year Ended 31 March 2025
20 Funds
Balance at
1 April
2024
Balance at
31 March
2025
Incomlng Resources
ources •xp•nded
Transfe
Unrestricted funds
General
General Funds
239.573
440.394
(461,240)
(4501
218.277
D8signated
Designated Funds
Toial unrestricted funds
43.562
3,004
46.566
283,135
461.240
2.554
264,843
Restricted funds
Bridge Trust
ACE Capital Grant
Big Give
TDC Vacant Unil Project
Friend ol The Burton
5.000
(2,9811
12.837}
2.019
113,056
11,169
3.673
5.102
115.893
11.169
3.673
7.656
,554
5.000
5.818
2.554
135.019
Totsl funds
288.135
578.785
467.058
399.862
Balance at
31 March
2024
Balance at 1
Aprll 2023
Incoming
resources
Resources
expended
Unrestricted funds
General
General Funds
223.214
435.499
{419.1401
239,573
Designated
Designated Funds
43.562
43,562
Total unreslrlcted funds
266.776
435.499
{419.140>
283.135
Restrfcted funds
Brklge Trust
5,000
5.000
Total funds
271,776
435.499
419.140
288,135
Page 24

The Burton at Bideford
Notes to the Financial Statements for the Year Ended 31 March 2025
The speufic purposes for whith the funds are lo be applEd are as follows..
Ace Capital Grant funding of £120.0(Y) being seCU￿d in Ihe year, with Ihe addition of £20.000 from
Torridge District Council and £9.000 of reserves will enable us lo spend a tol81 of £149,000. This
funding is lo be used for the inslalktion of solar panels. refurbishment and installation of unisex loilels
and wndow replacements along %wth other natural and social environmental improvernent5 will enable
us to make a significant step tovrards our aims of Nel Zero and greater access and inclusion.
'g Give £11,169 - an innovative campaign wrth the BMJ Give raised £11,169 (induding 500A match
funded and Gift Aid) lo support our Burton Futu￿$ campaign to enable free access lo art for all
children in North De￿n.
TDC Vacant Unit Project £3.673 - A prnject wih TOr￿e Dislrict Council to install image wraps
on vacant units in Bideford hwh street.
Friends of The Burton £7.656 - £2.$54 to fund the purchase of 6 key pieces from The Fishley
Collection and £S.000 to fund an upgrnd6 to the Burton Websjte.
Page 25

The Burton at Bideford
Notes to the Financial Statements for the Year Ended 31 March 2025
21 Analysis of net assets between funds
Unrestricted
funds
General
Totsl funds
at 31 March
2025
Restricted
funds
Tangible fixed a35els
Heritage assets
Fixed asset investment$
Current assets
Currenl liobililies
28.751
113.056
141,807
46.566
1,225
284,656
174,392
399,862
1.225
262,693
(74.392)
264,843
21,963
Total nel assets
135,019
Unrestricted
funds
General
Total funds
•t31 March
2024
Restricted
fund5
Tangib￿ fixed assets
Heritage assets
Fixed asset investments
Current assets
Current IHbilities
15.245
43.562
1.225
280,629
57.526
15.245
43.%2
1.225
285,629
57.526
5.(K)O
Total nel assets
283.135
5,0¢)0
288,135
22 Related party transactlons
During the year the charity made the fdlo*ing related party transactions:
The Burton Enterprises Ltd
During the year, costs of £37.224 (2024 - £32.847) ￿Te recharged to the charity$ sub$Kliary, The
Burton Enlerpfises Limited.
Al the balance sheet dale the amount due fffjm The Burton Enterprises Lld was £29,431 12024 -
£26,805)
Page 26