BISHOPSTEIGNTON HERrrAGE CHARITABLE INCORPORATED ORGANISATION NUMBER 1169410 TRUSTEES, REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024
BISHOPSTEIGNTON HERITAGE (A Charitable Incorporated Organisationl REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2024 Contents Page number Company Infonnation Trustees Report Trading Account Balance Sheet Notes Independent Examiners Report
BISHOPSTEIGNTON HERITAGE (A Charitable Incorporated Organisation) REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2024 Legal and Administrative Infomiation Trustees: Mr John Reynolds (Chair) Mrs Jessica Gibby (Vice Chair) Mr Steven Roberts (Treasurer) (appointed 5 Aug 2024) Mrs Kim Ford Mr Chris Wikeley Mr David Robbins Mr Lewis Myers (appointed 9 Dec 20241 Mr John Parkes (resigned 7 Oct 2024) Mrs Sally White (resigned 1 Apr 2025) 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 Nat West Bank 48 Courtenay Street Neon Abbot Devon TQ12 2EE
BISHOPSTEIGNTON HERITAGE (A Charitable Incorporated Organisation) REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2024 Reserve Policy, Investsnent 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 to have sufficient Cash Reserves in order to maintain sufficient working capital for the Charity to operate for a minimum of 12 months from the dale of signing of this Report, together with a Capital Cash Reserve sum (presently £45,000) to act as a 'Bufferf or to be used for any sizeable project that may fall within the remit of Our Charity. At the year end our major investments were held in property, wtth two of these generating sufficient net rental income to fund day to day running costs. This policy is reviewed on a regular basis. Currently we have no Stock Exchangelcharity Commission type investments bLrt again this policy is kept under review. The Trustees regularly consider the major risks to which the Charity is exposed and consider that these are mitigated via the Govemance of our Board of Trustees which has suitable knowledge and experience of the field in which we operate. Chaimian's Review of Activities and Developments Finances During the year we disposed of a ple of land which had difficult and dangerous aCss. We will look to use the funds released to further the aims of the charity. We experienced a period when only one of our properties was let resulting in a drop in income compared to the previous year. In addrtion to the redu income we also incurred some sizeable propety maintenance costs. Overall our financial posrtion remains strong wrth reserves sufficient to meet our current needs. Talks and Events In April the RSPB gave a presentation entitled "Cirl Buntings in South Devon - Rare Nature on your Doorstep" for this yearfs Molly Coombe talk. A fascinating insight into consepdation work being carried out within our Parish. Ticket proceeds were splrt between the RSPB and Bishopsteignton yOLrth organisations In November we held a highly successfvl event "An Evening Vth Colin and Dave This entertaining and humorous trip down memory lane saw the duo share reminiscences and history of the village that included many in the audience. Tickets sold out almost immediately. Nearly £500 was raised benefiting the Memory Café and Community Centre. Produced by the Bishopsteignton Heritage Team the event represented a collaboration between us, the Players. Communty Centre. Pantomime Society and Village Hall. Special thanks go to James Day for his over and at>ove assistance with sound, lighting and bar.
BISHOPSTEIGNTON HERITAGE (A Charitable Incorporated Organisation) REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2024 Exhibitions Collaboration with other organisations also played a large part in two of the exhibrts we put together during the year. We started to use the Hawkins Room at the Community Centre for it's greater aCsSIbl1ty. We created a 1940slD-Day exhibit in June in honour of the 80th anniversary. As well as featuring a taste of what life was like in Bishopsteignton in the 1940s, we were able to display some of the work carried out by the fabulous Knit&tinK under the guidance, inspiration and leadership of Caroline Martin-Early. In addrtion to their famous knitted Sprtfire there were installations representing the soldiers who took part in the landings, including a portrayal of Gold Beach complete with authentic skyline. Some of the 1940's material went on to the Old Commercial where it was on display for the following few weeks. September saw the Bishopsteignton Players 65th Anniversary providing us the opportunty of gathering new material from members present and past as well as sharing some of the content from our archive. Colin Back, who was in the room when it all began in 1959 was on hand as well as some of the current casts and crew to tell their stories. This year, as in previous years, we added new material to our November Remembrance Display. This time around we shone a light on Kenneth Arthur Wallis, brother of previously featured WWI casualty, Clifford Wallis. Kenneth served in and survived World War11. He and his wife, nurse Olive (née Skinner), were bombed out of their house in Teignmouth before retuming to Bishopsteignton in 1942. Arts Councll Museum Accreditation BishoF)Steignton Heritage has been accepted as ,orkIng towards" Arts Council Museum Accreditation status. Once achieved this will signify that we are recognised as having adopted and are working to the same standards that the top museums in the country adhere to in their working practices. Hub Team and Trustees My thanks go to our team of researchers and volunteers which continues to grow, helping us to acquire and share ever rn0 stories, images and infomiation. We are entertaining increasing numbers of regular and occasional visitors to the Hub - some from as far away as Australia and New Zealand. We are continually answering queries about people and pla$ sent in by email. I greatly appreciate the work of our Hub team which consists of James Hooper who masterminds the planning and design of our website and is a key person in liaising Vth our other village organisations. Dawn Rogers and Mel Deeks ctrordinate events and catalogue items for including in our records and website.
BISHOPSTEIGNTON HERITAGE (A Charitable Incorporated Organisationl REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2024 I would like to thank my fellow trustees for their hard work and good counsel throughout the year. l am grateful for the work of our longstanding previous chaimian and trustee John Parkes who stood down during the year for his enthusiasm and commitment to Bishopsteignton Heritage. Additionally, I would like to express my gratrtude to Sally White who was for a time both a trustee and volunteer. Sally stood down during 2024 as a trustee but remains part of our highly valued team of volunteers. My grateful thanks go to Nigel Wollen for his invaluable guidan with all our legal matters throughout the year and to Sue Beverton, our independent examiner. for her attention to detail and deep understsnding of the regulatory requirements in the preparation of these accounts. We marked with great sadness the passing of fomer trustee and treasurer Nigel Edwards. We very much appreciate the hard work and dedication he gave in support of our organisation. Date John Reynolds Chairperson of Trustees. Bishopsteignton Heritage
BISHOPSTEIGNTON HERITAGE (A Charitable Incorporated Organisation REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2024 STATEMENT OF FINANCIAL ACTIVITIES Unrestrictsd Fund Unrestricted Fund 2024 2023 Income and expenditure for the year ended 3111212024 Income Trading activities and rental income Sale of the Nuttery I nterest Sundry receipts Total Income 44,818 20,508 2,254 698 68,278 48,744 1,319 174 50,237 Payments Propety costs Expenses re functions and grfts Donations re War Memorial Agents and letting fees Student travel costs 10,097 1,429 3,555 962 525 4,825 4,435 48 16,059 9,871 Management and administration Subscriptions I linS Admin l intemet I Sundry Insurances Bank charges Consultant fees Website fees Staff wages Depreciation Community Centre Rent and serrfice charge Governance, independent examiners fees General maintenance I minor capital Printing copying and marketing Valuation fees 901 3,614 2,951 10 3,112 9,810 7,154 2,084 5,283 130 3,147 902 982 40,080 1.130 1,884 2.875 60 8,406 9,502 1,896 3,916 130 514 569 30,882 Totsl payments 56,139 40,753 Net receipts l (Payments) 12.139 9,484
BISHOPSTEIGNTON HERITAGE (A Charitable Incorporated Organisation) REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2024 BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Tangible Assets Land and Propety Furniture and Equipment 4A 4B 1,201,603 5,711 1,207,314 1.201,603 7,796 1,209,399 Current Assets Cash at CAF Bank Natwest In hand Sundry debtors Prepaid insUranS Letting Agents fees in advance 11,655 78,981 20 174 1,152 334 92,316 104,932 1,267 334 106,540 Current Liabilities Rent in advance Sundry credrtors 3,375 130 3,505 3,375 130 3,505 Net Current Assets 103,035 88,811 TOTAL ASSETS 1,310,349 1,298,210 FUNDS OF THE CHARITY General Fund - Unrestricted 1,310,349 1,298,210 Trustee.. John Reynolds Trustee.. Steve Roberts Date:
BISHOPSTEIGNTON HERITAGE (A Charitable Incorporated Organisationl REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 1A Accounting Policies a) Basis of Accounting and Preparation These Financial Statements have been prepared on the going concem basis and under the historical cost convention, wÈth Étems recognised at cost subject to some land and property being bequeathed at valuation, and in accordance with applicable accounting standards and the Charities SORP (Statement of Recommended Practice.. -Accounting and Reporting by Charities.). and the Charities Act 2011. b) Incoming Resources" Income is accounted for an a receivables 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 furtheran of the Charitable Objectives of the Charity The Trustees gUlarlY consider the major risks to which the Charity is exposed and consider that these are mitigated via the Govemance of our Board of Trustees which has suitable knowledge and experience of the field in which we operate. e) Tangible Fixed Assets Land and Property, all in Bishopsteignton 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 fwaure for the overall values at Balance Sheet date. Equipment and Security System are depreciated so as to write the cost of the Assets off over estimated useful lives at an annualised rate of between 10 & 33'h Straight Line, Furniture is depreciated at an annualised rate of between 10 & 15% Straight Line 1 B Taxatlon The Charity is exempt from Taxation on its charitable activities 2A Trustees Remuneration No Trustee reiVed any remuneration in the year under review (2023: none) and no Trustees (2023. 0) were reimbursed £Nil (2023.. £529) in totsl for expenses inCued on normal Charity actIV.es. 2B Particulars of employees The total staff costs in the year under review was £7,154 (2023 £9,512) The average number of employees in the year was 1 (2023: 1) with no employee receiving more than £60,000 in the year (2023: none) 3 Governance Costs 2024 2023 ndependent Examiners Fee 130 130
BISHOPSTEIGNTON HERITAGE (A Charitable Incorporated Organisation) REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 4A Land and Property VALUATIONICOST At 1 January and 31 Dember 2024 4B Other Fixed Assets Totall£ 1,201,603 Furniture1£ COST At 1 January 2024 At 31 December 2024 EquipmenV£ Security System1£ Totall£ 8,390 8,390 5,536 5,536 1,398 1,398 15,324 15,324 DEPRECIATION At 1 January 2024 Charge for year At 31 December 2024 2,518 839 3,357 4,431 1,105 5.536 580 140 720 7,529 2,084 9613 NET BOOK VALUE At 31 December 2024 5,033 678 5,711 At 31 December 2023 5,872 1.105 818 7.795 5 Volutary Help and Donations in Kind For the purpose of these accounts, no value has been attached to any voluntary time spenuhelp received or to any donations in kind. 6 Lease Commitments Bishopsteignton Heritage entered into a lease with Bishopsteignton Community Centre CIO (Charity No 1180685) for a period of 20 years which commenced 1st March 2019. The rent per annum is £4,459 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 2026. There is no break clause which gives Bishopsteignton Heritage the right to terminate the lease.
BISHOPSTEIGNTON HERITAGE (A Charitable Incorporated Organisationl REPORT OF THE INDEPENDENT EXAMINER YEAR ENDED 31 DECEMBER 2024 Respective responsibilties of tnjstees and examiner The charitys trustees are responsible for preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to.. • examine the accounts under section 145 of the 2011 Act . to follow the procedures laid down in the General Directions given by the Charity Commission under sections 145(5)(b) of the Act, and to state whether particular matters have come to my attention. Basis of independent examiners Report My examination was CArried out in accordance with general directions given by the Charity Commission. An examination includes a VIeW of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also indudes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audrt, and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the statement below. Independent examinerfs statement In connection with my examination. no matter has come to my attention: ' which gives me reasonable cause to believe that in, any material respect, the requirements: - to keep accounting records in accordance wrth 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.. usk- JL325 Susan Beverton FCCA 13 Bishops Avenue Bishopsteignton Teignmouth TQ14 9RE