BISHOPSTEIGNTON HERITAGE CHARITABLE INCORPORATED ORGANISATION NUMBER 1169410 TRUSTEES, REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 BISHOPSTEIGNTON HERITAGE (A Charitsble Incorporated Organtsation REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2023 Contents Page number Company Infonnation Trustees Report Trading Account Balan￿ Sheet Notes Independent Examiners Report BISHOPSTEIGNTON HERITAGE (A Charitable Incorporated Organisationl REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2023 Legal and Administrative Information Trustees: Mr John Parkes {Chair} Mrs Jessica Gibby (VI￿ Chair) Mr John Reynolds (Treasurerl Mrs Kim Ford lappoinled 13 Mar 2023} Mr Chris Wikeley (appointed 9 Jan 20231 Mr David Robins (appointed 9 Oct 20231 Mrs Sally White {appointed 15 Jan 20241 Mr Nigel Edwards (retired 4 Sept 2023) Mr Kenneth Irvin (retired 13 Nov 20231 Mrs Elizabeth Kirkland (retired 13 Nov 2023) Charity Commission Number: 1169410 Principal Address Community Centre Shute Hill Bishopsteignton Teignmouth Devon TQ14 9QL Independent Examiner Susan Beverton 13 Bishops Avenue Bishopsteignton Teignmouth Devon TQ14 9RE Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Nal Wesl Bank 48 Courtenay Street Newton Abbot Devon TQ12 2EE BISHOPSTEIGNTON HERITAGE IA Charitable Incorporated Organisation) REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2023 Reserve Policy, Investment Policy and Risk Management The Trustees review the Reserves of the Charity on a regular basis and consider these are adequate to ensure the continuation of Our Aims These are lo have sufficient Cash Reserves in order lo maintain sufficient working capital for the Charity lo operate for a minimum of 12 months from the date of signing of this Report, together with a Capital Cash Reserve sum (presently £SO,0001 to act as a "Bufferf, or lo be used for any sizeable project that may fall within Ihe remit of Our Charity At the year end our major investments were held in property, with two of these generating sufficient net rental income to fund day lo day running costs. This policy is reviewed on a regular basis. Currently we have no Stock Exchangelcharity Commission type investments but again this policy is kepl under review. The Trustees regularly consider the major risks to which the Charity is exposed and consider that these are mitigated via the Governance of our Board of Trustees which has suitable knowledge and experien￿ of the field in which we operate. Chaimian's Review of Activities and Developments I would like lo thank two longstanding trustees, Liz Kirkland and Ken Irvin, who slood down this year, for all they have contributed to BH. Kim Ford and Dave Robbins have nowjoined us and I would like to thank all the trustees for their continuing support and hard work. Thanks also to Dawn, James and all the volunteers for the hard work they put in and the pleasant atmosphere that they help to create within the Hub. The Molly Coombe Memorial Event featured an entertaining evening with Viv Wilson and her montages of still and video footage of events in Bishopsleignton over the years. As part of this evening prizes were awarded to the winners of the Molly Coombe Photographic competition. The 1st Bishopsteignlon Scouts assisted wth the teas and coffees and donations from the audience were added lo their coffers. On the 30th November I was invited to take the Bishopsteignton Primary school assembly which celebrated the 50th anniversary of the opening of the 'new' school. This took the form of a PowerPoint presentation which hopefully encoLJraged the children to think about how different school would have been 50 years ago. Dale g A 102 John Parkes Chairperson of Trustees, Bishopsteignton Heritage BISHOPSTEIGNTON HERITAGE (A Charitable Incorporated Organisationl REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2023 STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Fund Unrestricted Fund 2023 2022 Income and expenditure for the year ended 3111212023 Income Trading activities and rental income Interest Sundry receipts Total Income 48,744 1,319 174 50,237 43,064 229 35 43,328 Payments Property costs Expenses re functions and gifts Donations re War Memorial Sign Board Costs Agents and letting fees Student travel Gosts 3.556 962 525 1,448 10 970 4,714 170 7,312 4,826 9.873 Management and administration Subscriptions I licences Admin l internet I Sundry Insurances Bank charges Creative Consultant feès Website fees Staff wages Depreciation Community Centre Rent and Servi￿ charge< Governan￿, independent examiners fees General maintenance I minor capital Printing copying and marketing 1,130 1,884 2,875 60 461 1.953 2,563 113 500 10.080 5,700 1,974 3,735 130 1,769 8,406 9.502 1,896 3,916 130 514 569 30,881 2g,132 Total payments 40,753 36,444 Net receipts I IPayments) 9.484 6,884 BISHOPSTEIGNTON HERITAGE IA Charitsble Incorporated Organisation) REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2023 BALANCE SHEET AS AT 31 DECEMBER 2023 Note 2023 2022 Tangible Assets Land and Property Furniture and Equipment 4A 4B 1,201,603 7,796 1,209,399 1,201,603 7,786 1,209,389 Current Assets Cash at CAF Bank Nalwest In hand Sundry debtors Prepaid insurances Letting Agents fees in advance 11,655 78.981 20 174 1,152 334 92,316 17,522 64.036 54 1,162 334 83,108 Current Liabilities Rent in advance Sundry creditors 3,375 130 3,505 3,375 396 3,771 Net Current Assets 88,811 79,337 TOTAL ASSETS 1,298.210 1,288,726 FUNDS OF THE CHARITY General Fund - Unrestricted 1,298,210 1,288,726 Trustee. John Parkes Trustee. John Reynolds Date.. BISHOPSTEIGNTON HERITAGE IA Charitable Incorporated Organisation) REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2023 NOTES TO THE FINANCIAL STATEMENTS 1A Accounting Policies al Basis of Accounting and Preparation These Financial Statements have been prepared on the going concern basis and under the historical cosl convention, with Items recognised at cost subject to some land and property being bequealhed at valuation, and in accordance with applicable accounting standards and the Charities SORP (Statement of Recommended Practice.. "Accounting and Reporting by Charities'l and the Charities Act 2011. b) Incoming Resources.. InGome is accounted for an a re￿1VableS basis c) Resources Expended: Expenditure is inclusive of VAT where applicable d) Fund Accounting: Unrestricted Funds are available for use at the discretion of the Trustees in furtherance of the Charitable Objectives of the Charity The Trustees regularly consider the major risks to which the Charity is exposed and consider that these are mitigated via the Governance of our Board of Trustees which ha5 suitable knowledge and experience of the field in which we operate. el Tangible Fixed Assets Land and Property, all in Bishopsteignlon is a combination of valuation when bequeathed and cost of additions since that time. No depreciationlamortisation is charged as the Trustees consider the figure for the total as disclosed is a realistic figure for the overall values al Balance Sheet date. Equipmenl and Security System are depreciated so as to write the cost of the Assets off over estimated useful lives at an annualised rate of belween 10 & 33 % Straight Line. Furniture Is depreciated at an annualised rale of between 10 & 150A Slraighl Line 1B Taxation The Charity is exempt from Taxation on ils charitable activities 2A Trustees Remuneratlon No Trustee received any remuneration in the year under review12022'. none) but two Trustees {2022' four) were reimbursed £52912022.. £1,907} in total for expenses incurred on normal Charity activities. 2B Particulars of employees The total staff costs in the year under review was £9,51212022 £5,700) The average nLsmber of employees in the year was 212022.. 1) with no employee receiving more than £60,000 in the year12022 none) 3 Governance Costs 2023 2022 Independent Examiners Fee 130 120 BISHOPSTEIGNTON HERITAGE {A Charitable Incorporated Organisationl REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2023 NOTES TO THE FINANCIAL STATEMENTS 4A Land and Property VALUATIONICOST At 1 January and 31 December 2023 Totall£ 1,201,603 4B Other Fixed Assets Furniture1£ Equipmenll£ Security System1£ Totall£ COST At 1 January 2023 Additions At 31 De￿mber 2023 6,485 1,905 8,390 5,536 1,398 13,419 1,905 15,324 5,536 1,398 DEPRECIATION At 1 January 2023 Charge for year At 31 De￿rnber 2023 1,869 649 2,518 3,324 1,107 4,431 440 140 580 5,633 1,896 7,529 NET BOOK VALUE At 31 De￿rnber 2023 5,872 1,105 818 7,795 At 31 De￿rnber 2022 4,616 2,212 958 7,786 5 Volutary Help and Donations in Kind For the purpose of these accounts, no value has been attached lo any voluntary time spenuhelp received or to any donations in kind. 6 Lease Commitments Bishopsteignlon Heritage entered into a lease with Bishopsteignton Community Centre CIO (Charity No 11806851 for a period of 20 years which commenced 1st March 2019. The rent per annum is £2,800 with a service charge which represents a proportion of the Landlord's costs of maintaining the Building by reference to floor space and is reviewed annually. There is a rent review due on 1 March 2024.There is a break clause which gives Bishopsteignlon Heritage the right to terminate the lease on 6 months nolice at any lime. BISHOPSTEIGNTON HERITAGE (A Charitable Incorporated Organisationl REPORT OF THE INDEPENDENT EXAMINER YEAR ENDED 31 DECEMBER 2023 Respective responslbilties of trustees and examiner The charity's Irustees are responsible for preparation of the a¢¢ounts. The charity's trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Act) and thal an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the 2011 Act to follow thè procedures laid down in the General Diredions given by the Charity Commission under sections 145{5)Ibl of the Act, and to slate whether particular matters have come to my attention. Basis of independent examiners Report My examination was carried out in accordan￿ with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in Ihe accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examinalion, no matter has come to my attention.. which gives me reasonable cause lo believe that in, any material respect, the requirements.. to keep accounting records in accordance with section 130 of the 2011 Act, and to prepare accounts which accord with the accounting records and comply with the accounting to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Date. S RL%LLsF Z024 Susan Beverton FCCA 13 Bishops Avenue Bishopsleignton Teignmouth TQ14 9RE