BISHOPSTEIGNTON HERITAGE CHARITABLE INCORPORATED ORGANISATION NUMBER 1169410 TRUSTEES, REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025 BISHOPSTEIGNTON HERITAGE IA Charitsble Incorporated Organisation REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2025 Contsnts Page number Company Information Trustees Report Trading Account Balancè Sheet Notes Independenl Examiners Report BISHOPSTEIGNTON HERITAGE (A Charitable Incorporated Organlsationl REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2025 Legal and Administrative Information Trustees: Mr John Reynolds (Chair) Mrs Kim Ford (Vice Chairl Mr Sleven Roberts (Treasurer) Mr Chris Wikeley Mr David Robbins Mr Lewis Myers Mrs Debbie Myers (appointed 11 Aug 2025) Mrs Sally While (resigned 1 Apr 2025} Mrs Jessica Gibby (resigned 8 S8Pt 2025) Charlty Commlsslon Number: 1169410 Prlnclpal Address Community Centre Shute Hill Bishopsleignton Teignmoulh Devon TQ14 9aL Independent Examiner Susan Beverton 13 Bishops Avènue Bishopsteignton Teignmoulh Devon TQ14 9RE Bankers Nat Wesl Bank 48 Courtenay Slreet Newton Abbot Devon TQ12 2EE BISHOPSTEIGNTON HERITAGE (A Charitable Incorporated Organisationl REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2025 Reserve Policy, Investment Policy and Risk Management The Trustees review the Reserves of Ihe 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 Ihe Charity to operate for a minimum of 12 months from the date of signing of this Report, together with a Capital Cash Reserve sum {presenlly £45,000) lo act as a 'Buffer" 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, with 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 but 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 Governance of our Board of Trustees which has suitable knowledge and experience of the field in which we operate. Chairman's Review of Activities and Developments Finances Both our rental properties were rented out for the full year with no renlal voids which provided us with our main source of income. Our admin expenses were more or less in line the previous year and we sustained no major property costs. Our financial position remains strong with reserves sufficient to meet our current and anticipated requirements. The need to expand During the year we had 16,300 views to our vjebsite with 3,000 active users. In January we held a full team open workshop when it was appreciated that we needed more space to function as a museum and to achieve our aim of becoming accredited. We are now planning lo expand into another former class room- the Hawkins room. Work is ongoing to arrange this expansion with a proposed grant request from the National Lottery being worked on by The Community Centre. I would like to thank James Hooper for the many hours he has put into this project. BISHOPSTEIGNTON HERITAGE (A Charitable Incorporated Organisation REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2025 Community Engagement We held a highly successful "An Evening with Colin and Dave" in March. This entertaining and humorous trip down memory lane saw the duo share reminiscences and history of the village that included many in the audien￿ Tickets sold out almost immèdiately. The funds raised benefited the Singing for Memory Group and Community Cenlre. Produced by the Bishopsleignton Heritage Team the event represented a collaboration between us, the Players, Community Cenlre. Pantomime Society and Village Hall. Special thanks go lo James Day for his over and above as51Stance with sound, lighting and bar A second and well attended Colin and Dave evening was hèld in October in a similar formal lo that in March. The funds raised were split betmeèn thè e Healthy Living Group, the Community Centre and the Pantomime I Village Hall. Our thanks to all involved in bringing history to life in such an entertaining way. The Hub is open two days per week and a warm welcome is always provided by our team of knowledgeable and helpful colleagues. Hub Team and Trustees My thanks go to our Hub team of researchers and volunteers which continues to grow, helping us lo acquire and share ever more stories, images and information. We are entertaining increasing numbers of regular and occasional visitors I would like to thank my fellow trustees for their hard work and good counsel throughout the year. After some seven years of real commitment we said good bye to Jess Gibby our Icngest standing trustee and vice chair. Our thanks go to Jess who has been instrumental in building and maintaining this charity for such a long lime. My grateful thanks go to Nigel Wollen for his invalL+able guidance with all our legal matters throughout the year and lo Sue Beverton, our independent examiner, for her support and deep understanding of the regulatory requirements in the preparation of these accounts. Dale John Reynolds Chairperson of Trustees, Bishopsteignton Heritage BISHOPSTEIGNTON HERITAGE (A Charitable Incorporated Organisation REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2025 STATEMENT OF FINANCIAL AcfiviTIES Unrestricted Fund 2025 Unrestrictsd Fund 2024 Income and expenditure for the year ended 3111212025 Income Trading activities and rental income Sale of the Nuttery Interest Sundry receipts Total Income 46,334 44,818 20.508 2,254 698 68,278 2,190 50 48,574 Payments Property costs Expenses re functions and gifts Donations re War Memorial Agents and letting fees Student travel costs 1,374 1,074 60 4,853 10,097 1,429 50 4,435 48 16,059 7,361 Management and admlnistration Subscriptions I licences Admin l internet I Sundry Insurances Bank charges Consultant fees Website fees Staff wages Depreciation Community Centre Rent and service charge¢ Governance, independent examiners fees General maintenance I minor capital Printing copying and marketing Valuation fees 1,088 3,349 1,694 901 3.614 2,951 10 3.112 9.810 7.154 2,084 5,283 130 3.147 902 982.00 40,080 6,007 10.281 7,677 979 4,459 130 354 178 36,196 Totsl payments 43,557 56,139 Net receipts i {Paymentsl 5,017 12,139 BISHOPSTEIGNTON HERITAGE IA Charitable Incorporated Oryanisation) REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2025 BALANCE SHEET AS AT 31 DECEMBER 2025 Note 2025 2024 Tanglble Assets Land and Property Furniture and Equipment 4A 4B 1,201,603 4,733 1,206,336 1,201,603 5.711 1,207.314 Current Assets Cash at CAF Bank Natwest In hand Sundry debtors Prepaid insurances Letting Agents fees in advance 107,123 104,932 1,828 265 109,223 1,267 334 106,540 Current Liabilities Rent in advance Sundry creditors 3,212 130 3.342 3,375 130 3,505 Net Current Assets 105,881 103,035 TOTAL ASSETS 1.312,217 1,310,349 FUNDS OF THE CHARITY General Fund - Unrestricled 1.312.217 1,310,349 Truslee-. John Reynolds Trustee.. Steve Robert5 BISHOPSTEIGNTON HERITAGE IA Charitable Incorporated Organisation) REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 2025 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 Cost convention, with items recognised al Gost 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 furtherance of the Charitable Objectives of the Charity The Trustees regularly consider the major risks lo 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. e) Tangible Fixed Assets Land and Property, all in Bishopsteignton is a combination of valuation when bequeathed and c05t of additions sinGe that lime. No depreciationlamortisalion is charged as the Trustees consider the figure for the total as disclosed is a realistic figure for the overall values at Balan￿ Sheet date. Equipment and Security System are depreciated so as lo write the cost of the Assets off over estimated useful lives al an annualised rate of between 10 & 33,/0 Straight Line, Furniture is depreciated at an annualised rate of between 10 & 15 % Straight Line 1B Taxation The Charity is exempl from Taxation on its charitable activities 2A Trustees Remuneration Na Trustee received any remuneration in the year under review (2024.. none) and Iwo Trustees12024'. none) were reimbursed £662 (2024. £Nill in total for expenses incurred on normal Charity activities. 2B Particulars of employees The total staff costs in the year under review was £7,67712024 £7,154) The average number of employees in the year was 1 12024." 11 with no employee receiving more than £60.000 in the year12024.' none} 3 Governance Costs 2025 2024 Independent Examiners Fee 130 130 BISHOPSTEIGNTON HERITAGE IA Charitable Incorporated Organisation) REPORT OF THE TRUSTEES YEAR ENDED 31 DECEMBER 202S NOTES TO THE FINANCIAL STATEMENTS 4A Land and Propèrty VALUATIONICOST At 1 January and 31 December 2025 Totali£ 1,201,603 4B Other Fixed Assets Furniture1£ EquipmenU£ S8curily System1£ Totall£ COST At 1 January 2025 At 31 December 2025 8,390 8,390 5,536 5,536 1,398 1,398 15,324 15,324 DEPRECIATION At 1 January 2025 Charge for year At 31 December 2025 3,357 839 4.196 5,536 720 140 860 9,613 979 10,592 5,536 NET BOOK VALUE At 31 December 2025 4,194 538 4,732 At 31 December 2024 5,033 878 5,711 5 Volutary Help and Donatlons in Kind For the purpose of these accounts, no value has been attached to any voluntary limè spenuhelp received or to any donations in kind. 6 Lease Commitments Bishopsleignton Heritage entered into a lease with Bishopsleignton Community Cenlre CIO (Charity No 1180685) for a period of 20 years which commenced 1st Mar¢h 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 no break clause which gives Bishopsleignton Heritage the right to terminate the lease. BISHOPSTEIGNTON HERITAGE IA Charitable Incorporated Organlsationl REPORT OF THE INDEPENDENT EXAMINER YEAR ENDED 31 DECEMBER 2025 Respective responsibilties of trustees and examiner The charity's trustees are responsible for preparation of the accounls. The Gharity's truslees consider that an audit is not required for this year undér section 144 (2} of the Chanties Act 2011 (the 2011 Act) and that an independenl examination is needed. 11 is my responsibility lo.. examine the accounts under section 145 of the 2011 Act lo follow the procedures laid down in the General Directions given by the Charily Commission under sections 145{5llbl af the Act, and lo state whether particular matters have come to my attention. Basls of independent examiners Report My examination was carried out in accordance 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. 11 also includes consideration of any unusual items or disclosures in the 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 sel out in the statement below. Independent examlner's statement In connection with my examination. no matter has come lo my atlenlion.. which gives me reasonable cause lo believe that in. any material respect, the requirements.. lo 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 lo 8nabl8 a proper understanding of the accounts to be reached. 86 2117/2 Dale.. Susan Beverton FCCA 13 Bishops Avenue Bishopsteignlon Teignmouth TQ14 9RE