CHARITY REGISTRATION NUMBER: 1167375 Bamburgh Heritage Trust Unaudited Financial Statements 31 March 2024
Bamburgh Heritage Trust Financial Statements Year ended 31 March 2024 Page Trustees, annual report Independent examiner's report to the trustees statement of financial activities Statement of financial position Notes to the financial statements
Bamburgh Heritage Trust Trustees. Annual Report Year ended 31 March 2024 The trustees present their report and the unaudited financial ststements of the charity for the year ended 31 March 2024. Refor8nce and administrative details Registered charity name Bamburgh Heritage Trust Charity registration number 1167375 Principal office 9 The Wynding Beadnell Northumberland NE67 5BU The trustees J Woodman C Brunt S Morton R Baker-cresswell S Dodds Independent examiner Michael W Reed Russell House Greenwell Road Alnwick Northumberland NE66 1HB structure, governancè and management Purposes and aims Bamburgh Heritage Trust is administered and managed in accordance with its constitution. It is a registered charitable incorporated organisation (Charity Registration No. 1167375). The Charity was registered on 27th May 2016. Management of projects Bamburgh Heritage Trust is managed by the members of the Management Committee. The members are elected annually. The trustees listed on page 3 are members of the management committee. The management committee meets every months and receives financial and activity reports at each meeting. Objectives and activities Bamburgh Heritage Trust objectives and aims are-. The advancement of education for the public benefit into the history and heritage of Bamburgh.
Bamburgh Heritage Trust Trustees. Annual Report {contthued) Year ended 31 March 2024 Achievémènts and performance Our Accessing Aidan project also known as Bamburgh Bones has been well received by numerous visitors including a royal visit. We had lo make minor repaifs to a display and we have updated the website. Talks, guided tours and book sales continue to be popular. Our Jubilee Bell project set out to automate one of the Church bells at St Aidan's. so that it chimes every hour on the hour beeen 8am and 8pm, to celebrate the Jubilee of Queen Elizabeth 11. A budget was set of around £4.000 to achieve this and we set up a Just Giving page lo help raise this money. The appetite of Locals and Visitors for this project was bigger than we hoped for and funds in excess of £14,000 wer6 raised. Full 8Utomation is now in place and we have a small sinking fund for any repairs. Our focus now is the restoration and development of the )lIage telephone box. BHT adopted the iconic box when BT withdrew the a¢lual phone from within and planned lo remove the box altogether. We intend to convert it into an interactive history space. Vve have replaced the glass and given the box a full makeover with new paint inside out, restoring it visually for the enjoyment of locals and visitors alike. We have been compiling media files from local personalities wllh intimate knowledge of Bamburgh in readiness for building the archive which will be the backbone of the experience. Financial revlew The Charity generates its main income from grants, donations and fundraising aclivities. During the period. income of £843 12023.'£23.730> was received. including restricted funds received of £Nil (2023.'£6.444) with respect to the Accessing Aidan project. Total expenditure was £2906 {2023.' £16,962). As a result, the Charity returned a deficit for the period. A transfer wa5 made from the Accessing Aidan project to the general fund of£5.080. Reserves at 31 March 2024 were £23,261 12023=£25,324). of which £10,002 {2023-.£15,5171 is held as a restricted fund for the Accessing Aidan project. The Trustees will continue to aim to build the level of unrestricted reserves in order to support the charitable aims of the Charity. The management committee reviews fvnding at every meeting and is continuing to contact potential funders and to expand the base of regular donations. Investment and Reserves Policy The Charity has no investments or significant reserves and, as such. doe$ not have an investment policy. The trustees, annual report was approved on 2 December 2024 and signed on behalf of the board of trustees by.. Trustde S Morton Trustee
Bamburgh Heritage Trust Independent Examiner's Report to the Trustees of Bamburgh Heritage Trust Year ended 31 March 2024 I report to the trustees on my examination of the financial statements of Bamburgh Heritage Trust {'the Gharity,) for the year ended 31 March 2024. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordan with the requirements of the Charities Act 2011 (tthe Act,). I report in respect of my examination of the charity's financial statements carried out under 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 145(5){b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act., or the financial statements do not accord with those records., or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fail view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Michael W Reed Independent Examiner Russell House Greenwell Road Alnwick Northumberland NE66 1HB 2 December 2024
Bamburgh Heritage Trust statement of Financial Position 31 March 2024 2024 2023 Notè Current assets Cash at bank and in hand 23,851 25,914 Creditors: amounts falling due within one year Net ¢urrent assets 10 590 590 23,261 25,324 Total assets less current liabilities 23,261 25.324 Net assets 23,261 25,324 Fund5 of th• charity Restricted funds Unrestricted funds 9,285 13,976 16.696 8,628 Total charity funds 11 23,261 25.324 These financial statements were approved by the board of truslees and authorised for issue on 2 Decefnber 2024. and are signed on behalF ofthe board by: C BruF)t Trustde S Morton Truslee Thè notes on pages 6 to 10 form partofthese financial statemènts.
Bamburgh Heritage Trust Notes to the Financial Ststements Year ended 31 March 2024 General infomiation The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 9 The Wynding, Beadnell. Northumberland, NE67 5BU. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charitys ability to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of t0 sub-classes.. restrided income funds or endowment funds.
Bamburgh Heritage Trust Notes to the Financial Statements (contInu} Year ended 31 March 2024 Accounting pollcles {eontlnu•d) Incoming resources All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income= Charitable income is received by way of grants, donations and gifts to the charity and is included in full in the Statement of Financial Activities upon receipt. Granls, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entÈtled to the grant. Bank interest is included when receivable. Resources expended Expenditure is recognised on an accruals basis as a liabiltty is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates- expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefrt of Éts beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resour. Direct costs attributsble to a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonablo. justifiable and Gonsistent basis. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donations 843 843 Grants Grants receivable 843 843
Bamburgh Heritage Trust Notes to the Financial Statements (continuedj Year ended 31 March 2024 Donations and legacias (contlnued) Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations 2,804 14,482 17.286 Grants Grants receivable 6,444 6,444 23,730 2,804 20,926 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 other charitable activities 575 2,331 2.906 Unrestricted Funds Restricted Total Funds Funds 2023 Other charitsble activities 804 16,158 16.962 Expenditure on charitable activities by activity type Grant funding Total funds of activities 2024 Total fund 2023 Other charitable activities 2,906 2,906 16,962 Independent examination fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 240 240 staff costs The average head count of employees during the year was Nil {2023- Nil). No employee received employee benefits of more than £60.000 during the year (2023: Nil). Trustee remuneration and expenses The trustees received no remuneration, other than reimbursement for expenses incurred on behalf of the Charity, during the period.
Bamburgh Heritage Trust Notes to the Financial Statements (continued) Year ended 31 March 2024 10. Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income 590 590 11. Analysis of charitable funds Unrestricted funds At 1 April 2023 At Transfers 31 March 2024 Income Expenditure General funds Designated Fund 3.083 5,545 19 824 (420) {155) (575) 5,080 7,762 6,214 8,628 5.080 13,976 At 1 April 2022 At Transfers 31 March 2023 Income Expenditure General funds Designated Fund 3,656 2,972 125 2,679 (698) (106) (804) 3,083 5,545 6,628 2,804 8,628 Restricted funds At l April 2023 At Transfers 31 March 2024 Income Expenditure Accessing Aidan Jubilee Bell Telephone box 15,517 3.199 (2.020} 16,696 (435) {1,408) (488) (2,331) {5.080) 10.002 1,791 (2,508) 9,285 (5,080) At 1 April 2022 At Transfers 31 March 2023 Income Expenditure Accessing Aidan Jubilee Bell Telephone box 12.028 250 (350) 11,928 6,444 14,482 (2.955) (11,533) (1.670) (18,158) 15,517 3.199 (2,020) 16,696 20,926
Bamburgh Heritage Trust Notes to the Financial Statements (continued) Year ended 31 March 2024 12. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Current assets Creditors less than 1 year Net assets 14,216 {240) 13,976 9.635 (350) 9,285 23.851 (590) 23,261 Unrestricted Funds Restricted Total Funds Funds 2023 Current assets Creditors less than 1 year Net assets 8,868 (240) 8,628 17,046 (350) 16,696 25,914 (590) 25,324 10