REGISTERED CHARITY NUMBER: 1177016 rt of the Trtitt$ and Unaudi*d Financial Staiements for the Year Ended 31 March 2021 for Devizes A&size Court Tntst
ts of tbe FiDallcial stAteents for the Yegr Ended 31 March 2021 Page Report of the Tntsiees I3 Independeni Examinels Ryrt Staiemeni of Financial Activities Balance Shttt Cash Flow Statement Notes to the Cash Flow Sta*meni Notes to the Financial Statements 9fol Dethiled Sthtement or Fitjancial Activities 12
Ikvizes A&size Court Tnj rt of the TnleeS 2021 Tbe Devi2es Assize Court Trust IDAcf) was fornied in 2018 following an initiative by the Wiltshire Histori¢ Buildings Trust Ltd, Wiltsbire Council. and the Wiltshire knhaeological and Nawrdl History S]ety IWANHS). The principle aim of the T1 is to Save the former knize Coun in tkvizes and provide ti with a new public and a long-terni sustainable Jre. REFERENCE AND ADMINISTRATtVE DETAIts Reglstered Charlty llutnber 177016 Prlnclpal address l.%1 Floor The Syms Buildin8 Bumpers Way Bumper5 Fami Chippenham Wilishire SN14 6LH Trustees Mr Peier Troughton (Chair) lappoin*d trustee 6 Dttember 2019 & Chair 28 February 2020) The Marqui5 of Lan5dowrte LVO (resigned Chair 28 February 2020 & Intee 18 Sepiember 20201 Mr. Robert Huni-Grubbe (Vice-chairl Baroness Scoti of Bybrook OBE Iresigrted 28 Februw 2020) Mr. JOI Bush CVO OBE CuunLillur Mr5. Laura M41yes Mr. Nichola5 Ellioti Mr. Martin Nye Sir John Nutting (appointed 10 May 2019) Officers for the year were.. Mr5. Jean Potter- Secretary to the Trustees Mr5. Tanya Williams- Treasurer Mr. Colin John5- Architect Mr. David Dawsort- Museum Adviser Nts remuneration was paid durin8 the year any of the members. Independent examlller Pillow May Ltd The Dutch Barn Bremhill Grove Fam East Tythertort Chippenham will.hIre SN15 4LX Solicitors Goughs 2 Fore Street Trowbridge Wiltshire BA14 8H STRUCTURE, GOVERNANCE AND MAI¥AGEMENT Governing document The charity is controlled by its governin8 document. a deedof trust and constitutes a charitable incorw)rdted orgaDiSation. The charitsble incOrrated organisation company number 15 CE013153. Page I
Devizes A&size Court Trust rt of the Tnsiees for the Year End 31 MaTch 2021 STRUCTURE, GOVERNANCE AND MANAGEMENT Risk JDanagement The trustees have a duty to ideniify and review the risks w which the charÈty is exkN)sed and ensure appropria controls are in place to provide reasonable assurance againsi Iraud and ern)T. Appolnimtnt of tru5ttes Any person who 15 willing to act &s a Trustee, and who would not be disqualified from aciing, may be apwin¢ed to be a Trustee by a decision of the Trustees or a Member Organisaiion serving notice of his or her app)inuneni in wriiing. Wiltshire HL5toric Buildings Trust and Wiltshire Council shall each be able to appoini up io two Member Twstees and Wiltshire Archaeological and Natural HiSry Socieiy shall be able apEK)ini one Member Trustee. The Trte shall airn lo have al least two Co4yied Trustees in office at any time. appoinied by a decision of the TTUStees. The Trustees will make available to new Twsiee, 00 or before his or her fwsi appointtnenL a copy of the consiiiuiion and any arnendments made ¢0 it and a ¢¢)py of the Chariry's ]aiesi trusiees. annual Tepon and sthtemeni of accounts. OWECTIVES AND AcfIviTIES Objeetlves and Alms The objecLs' of the clwity are for the benefil of the public: I I lo preserve property and buildings of hisioric or archiieciural ineSt or imponance. in particular (bui not limiied tol in the area of Wilishire; 2) to advancc the education of the public in the ar culture and history, in panicular through the maintenance of A museum., and 3110 further such ¢xclusiv¢ly charitable objects ac¢ordin8 to the of En8land and Wales as the Tnlet$ in their ab501ul¢ diretion from Um¢ lo time detennine. Revlew of actlviti¢s On completion of the pu1] of the fonner Assize Coun ai Devizes the Tnt eniered inio an agrttment with local onlrdclors ¢0 undertake subslanlial emergency repairs 10 sthbilize the building and moke li Wlnd and weathertight. ompreh¢nsive s¢hedule of Works of repairs were subsianiially comple*d by Marth 2020. The condilion of the building LS being monitored on a regular basis and durin8 the year 2021N21 various works were undertaken lo ensure thai Ihc As%ize Court was kept wind and waiertighi Followin8 a full and comprehensive tendeT PTocess Purcell Architects IBrisiol} were appointed in May 2020 as conwltants, up lo RIBA %tage I, for the T&%toraiion and design of the Assize Court for use as a museum by WANHS. During the year the de%ign work developed, in conjunction with a fm of consulthnts (Imagemakersl to a5sis1 with both aclivity plannin@8udien¢e development and inietpreiaiion plannin8. Initial discussions ¢onlinu¢d with interested parties includin8 Hisioric England. Wiltshire Council. Devize5 Towrt Council and with adjoining propety owners and these consultstions continue. There were five Trustees meetings, and a Workin8 Group meetin8 held during 20221. due to Covid-19 restrictions th¢s¢ meetings were held via Zoom. rather than in petson. DA has made signiflcanl progress iowards defining a strale¥iL approach to the project. During the year a Fundraising Consultant wa5 appolnied to assist in developin8 a fundrdising siralegy, following a full lender process. The restrictions imw5cd by Covid-19 has meant that there been a delay in progressing the scheme io redevelop the A&size Court so a5 to provide a ncw horne for Devizes Museum IWANHSI. DACT is pleased to record its appreciation of valuable help from partners and supporters, including The Archilectural Herita8e Fund. the Dulverton Trust and local or8aDisations and individuals. In seeking to fulfil it5 aiffl5 the Trustees have considered the CIwL'ry Commission's guidance on public benefit and in particularguidance on charitie5 for the advancement of culture and heritage. The Trusttts ¢onfimi therefore that they have cotnplied with the requiretnents of Section 17 of the Charitie5 Act 2011 have regard public benefi( guidance published by the Charity Cotnrni5sion for England and Wales. Page 2
forthey FINANCIAL REVIETh' Duriti8 th¢ year the Tnw re¢¢ived wt••Tial ofQ9,63012020.£80J501 Twbich Ills fittkd the preYerlOtt of the bJildin8 I¥ c4bA ts prvixtofsawin8 th¢ Assize fy) ¢arTied out <tstD¥ Ibc fit¢111 YUT iDW)tved expwjibjre of£91.632 (2020- £1 11059}. Grants hav¢ l)¢¢n offe1 4nd To ¢nable the projert to rn0 kn th¢ next we tbt Tn I employtsl ¥ de5igD 4m •tyJ will use a pro1]0 of its s¢rv¢4 arbl appty for llIODIl8ranffj to pay frjr thii. No wiu k corn104 wrtil athquAte fimding TRUSTEES RESPONSIBILITY STATEMF TheTrusesar¢requireAI thpr¢p•re fweach fm•n¢iDIyearfI¢l•l ¥tstcmentsftÈhob¥uvetheptitiGiplu8rKI medk)ds of thc Chuitits SORP and which Biv¢ a I1 ftitr vi¢w of aw¢ of the affairs of th¢ ChaTh"ty )d of the incomin8 select thjitsble OcvgIR ptsli¢ies and thty •ty them COLcllty. ityte whcther awli¢4bl¢ rntio8 #tyjarth bA¥e l)e¢n follorf 4Dy dikclj and t%plained in th¢ ruwl•l styt¢Oit aDd d to enabk th¢m to erLre that the t1•1 ¢<xnply with the StsPory r4uÈrtttnt& They ar¢ i]80 TE4ponsibie for 4feBuardin8 th¢ ets of the rhwity for takin8 1¢Wl11]e Bteps ftr thc Pre¥tIoN and Apwovgj of Ibebowdoftruee8 0th. .... laa.&2.... fyJ *8tied- iu betsf by: P¢i¢rTrou8btoo. Tnjstec P4t3
Ind deni Examinels R Devizes A ize on 10 the Trustres f un Trust Resp•llslblMtAes and basls of report I report 10 the ttustees on my examinaiion of the accounts of the above chaTity for the year ended 31 March 2020, which ate Set out on pages five to twelve. A5 the charitys trustees. you are responsible for the prq)ardtiort of the accounts in accordance with the requirements. of the Charities Act 2011 I'the Act'l. I report in respect of my examination of the ¢lwilS accounts caEYied out under stttion 145 of rhe Act. In carrying out my examinaiion. I have followed all the applicable Direciions given by the Charity Commission under seciion 14515Mb} of the Act. Independent examiner's statement The charity's gro&8 income did noi exceed £250.{ and l am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants of England & Walcs. S have compled my examination. I confirni that no material matrs have come io my atntion in conneciion with the examination which gives me cause to belteve thai. in any material respect: the accounting records were not kept as required by sectiort 130 of the Act: or the accounts do not accord with the accounting records: or the account5 do not cotnply with thc applicable requirements concernÈn8 the fonn and conrtt of accounts sei oul in the Act other than any requiremeni thai the accouthts give a'true and fair. view which is not a matterconsidered as part of an independerti examination: or there i.% further infomiaiion needed for a proper understanding of the accounts. I have no concerns and have corne across no other matter5 in conneclion with the examinalion to which atteniion should be drdwll in IhL% rcport in order to enable a proper undcr5tanding of the accounts lo be reached. Pillow May Limited The Dutch Barn Bremhill Grove Fami Fa.st Tythertort Chippenham Wiltshire SN154LX 2510112022 Dat¢-. Page 4
Devizes A&size Court Tntsi Ststement of Fitiancial Activities for the Year Eded 31 March 2021 Year Ended 31.J.21 Totsl fid5 Year Ended Unrestyicted Restric] fund fimd Total funds Notes INCOME Incomillg re50urce5 fTom gentraied funds Voluntary income Investtnent incom¢ 39.630 97 39,630 97 80.350 272 Total Income J9.727 39.727 80.622 EXPENDITURE Raising funds Charitable actlvltles Devizes Assize Coun Restorditon 12.812 12.812 21.518 91.632 91.632 112.059 Total expendlture 104.444 104.444 133,577 Ne¢ income {64,7171 164,7171 (52,955) Transfers between fvnds NET MOVEMENT IN FUNDS {64,7171 164.7171 {52,9551 RECONCILIATIOL¥ OF FUNDS: TOTAL FUNDS BOUGHT FORWARD 262207 262.207 315,162 TOTAL FUNDS CAIiRIED FORWARD 197 490 262 207 Page 5
Balance Sli 31.321 Utirr4tiicd Rcstricknl [1 Totsi tiJnd8 To¢thi twy]s FIXED A&SETS Tngib]¢ AS4¢ts 144496 14149 148,4 CURREPn LSSETS Dchlur% C4sh ai bllnk 120 701 58. 120,70J CRXDrroRS Amounts. I.11g due v4ith1.nK v¢aT (9P75) 9.07)) {6.9%I1 NET CURRETrrr ASSETS 1137ll TOTAL ASSETS LESS CURRENT LIABILITIFS 197,49) 197.49) 262.2 NET Ass$ 262 197 490 a07 10 Unreslnctrd Rtstricicd futslg I.4 T(yfAL Fuf4DS IY7.4Y) 262.207 Tk finaw•J WEYoved by the PA)•rd oi Tnu laoai .4Tra tr¢ I1 its Mr. Nicho% niiott- Tru*¢ c6
Devizes Assize Court Cash Flow Staiemeni for the Year Ended 31 March 2021 Year Ended 31.3.21 Year Ended 31.3.20 Notes C85h flows from operating activities (62,729) 131,362) Cash flow5 from investment If tivitiej 97 272 (DecreaseyIDcrease In csh In the perlod 62,6321 31,0901 Reeonelllatlon of nti cash flow to movemeni Rn net debt Increase in cash in the perkod 62.632 31.0901 Ch8nge in net debt resulting from cash flows 62 632) 31.090) Movement In net debt in the period (62,632) {31,0901 Nti debi 1 l Aprll 120 701 151791 Net debt at Jl Mareh 120 701 The notes forni part of these fman¢ial ststements Page 7
Devizes A&size Court Trn5t Noies io the Cash Flow Statement for the Year Ended 31 March 2021 RF.CONCILIATIof4 OF NET INCOMING RESOURCES TO NET CASH INFLOW FROM OPEK4TIYG ACTIVITIES Year Ended 31.3.20 Year Ended 31.3.20 Ner (outgoingllincomin8 res(xirces Inieresi received Impairnient Lo8 Decreasellincrease) in debtors {Decreasellincrease in eredilofs (64,717) (97) 152.9551 (2721 23,760 8951 Net e#ih (oufflowyinflow from operating a¢tiYiti 62 729) 31.3621 ANALYSIS OF CASH FLOWS FROM IliVEsfMENT ACTIVITIES Year Ended 31.J.20 Year Ended 31.3.20 Reiurns Investments nd servl£lng of Ilnance lrti¢rest rrt¢iv¢d 97 272 CApltal expendlturt and finan¢ll Investment Purchase of tangibl¢ f¢d 3¢15 C#sh flow$ from invtjtment a£tli'itles 97 272 ANALYSIS OF CHANGES IN NET FUNDS Ai 1.4.20 Cash flow Af31.3.21 Iyet cash Cash at bank 120701 62 7291 Total 120701 62 7291 Page 8
Deyizes Assize Coun Tn Noi&s to the Financial Stawnents for the Year Ended 31 March 2021 ACCOUNTING POLICIES Accounting eODvention The fll)ancial statements have b¢en prepared under the historical cost convention. as MlfIed by the revaluatLOll of certain assets and in accordance with the Financial ReportlTI8 Standard app5icable in UK & Republic of Ireland IFRS102). the Charitie5 Act 2011 and the requirements of the Statement of Reeommended Prneiice.. Accounting nd Rq>orting by Chariti¢s. The trust ¢onstitut¢5 a publi¢ iM¢fit enlity as d¢fll by FRS 102. The trusttts Consider that th¢re art no rnaterial urtcertainties alM)Ut the clwity's ability io continue as a going ¢onc¢rn. lo¢ome r¢eognltlon All incomc is in¢ludcd on thc S¢atcment of Finan¢ial Activities when the Charity is le88lly entitled io the income and the amtsuni can be quantified with reasonable aecurney. Expendltur¢ reeogrtltlon Expenditure is ac¢ounied for on an #ccru#ls b&%is and h&$ been ¢las%ifie4 under headin8S thai a8gre8a¢e all cosi relaied to the category. Where cosLs cannot be dirtcily Yitributed to p4rti¢uiar heodin8s th¢y have been allocated io activities on a basis consisieni wilh the use of resou¢$. Related p8rty dlselo$ur¢ Th¢r¢ ar¢ no relaied party transa¢iions in the reporting period that requir¢ dis¢losure. TAnglble flxed 4#sei$ Capital expenditure is treated 5 addiiions io tangible red &5sets. Any profil on distK)sal is credited 10 the In¢om¢ and Expenditure A¢¢ouni at the d8te of sale. Losses ¥r¢ provided for when it beeomes clear that such wtll be sub%lantial. An impainncnt provision h&5 been put in pla¢e oi'¢r the Assize CouTt building &8 an ind¢p¢nd¢nt valuation carried out by the irusices showed that li had a negative residual value. No depre¢ia¢ion 15 provided on red a55ets #s any su¢h d¢prtti4tion is no¢ ¢onsid¢red to material. Debtors Debtors are amounts due lo the charity for grants agreed and cleared for paethI by the reporting date. Debtors re recognised at the transaction price. Cash 8¢ bank Cash al bank cornprise5 cash on hand and call deposits. and other shon-lerni highly liquid investments that are readily convenible io a known amouni of cash and are 5ubjeci w an irLsignificant risk of change in value. Trade credltors Trade crediiors are obligalions to pay for g(M)ds OT services that have been a¢quIr1 in the ordinary course of business from suppliers. Accounts payable are cla&sified as curreni liabiliiies if the comp8ny does not have an uncondiiional right. ai ihe end of the reponing period. to deler ihe seiilemeni of the creditor for at least twelve months, after ihe rwning dale. If there is an uncondiiional righi io defer seitlemeni for ai least twelve months after the reporting dale. they are present&J as n-curren1 liabilities. Trade crediiors are recognised ai the araCIl0D pnce. Taxatlon The chan.ty is exempi fiDm co4Kraiion on its charitable activities. Fund seeoulltlllg Unrestricted funds Can be used in accordance wilh the cljaritsble obje¢tives at the discretion of tbe tntees. Restricted funds can only be used for partieularrestricted Purposes withiti the objects of the chan"iy. Regtsictions arise when specified by the donor or when funds are raised for parti¢ul8r restricted purposes. Page 9
Devizes A&size Court Trust Notes io the Finan¢ial Statements for the Year Endul 31 Mar¢h 2021 INVESTMENT INCOME Y&qr Ended 31.3.21 Year Ended 31.3.20 Deposit account ititerest 97 272 COSTS OF RAISING FUNDS Year Ended 31.3.21 Year Ended 31.3.20 Support costs Govemance cosrs 2.972 1,442 TRUSTEES. REMUNERATION knD BENEFITS There were no tsustees, remurteratiort orotherbenefits fortheyear endoa 31 March 2021 orpeTiod eTKled 31 March 2020. STAFF COSTS There We no ernployees during the year. FEES FOR EXAMINATION OF THE ACCOUNTS £350 will be payable lo Pillow May Limiied in respect of the annual independeni review. TANGIBLE FIXED ASSETS Freehold property COST At l April 2020 and 31 March 2021 148 496 NET BOOK VALUE At 31 March 2021 148496 Ai 31 March 2020 148496 The historic cost of the freehold priyety is £627547. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.20 31.3.20 Other debtor5 Page 10
Devizes Assize Court Trust Notes to the Financial Ststements- eontinued for the Year Ended 31 March 2021 CREDITORS: AMOUNTS FALLII¥G DUE WITHLN OI¥E YEAR 31.3.21 31.3.20 Trade credito Other creditors 487 io. MOVEMENT IN FUNDS Net movement in funds At 1.4.20 At31.3.21 Unre$trl¢ted fundj Generdl fund 262,207 (64,7171 197,490 Restrl£ted funds Urgent Works TOTAL FUNDS 262 207 197490 Nei moyemeni in rtds. included in the okne are as follow5.. In¢oming Resources resources expended Transfer be¢ween fijnds Movemeni in Unrestrlcted fund8 General nd 39,727 1104.444) 164,7171 Restrlcted funds Urgent Works TOTAL FUIYDS Page 11
Devizes A1ze Court Trusi Detailed Staiemeni of Financial A¢uviiies for the Year Ended 31 March 2021 Year En(kd 31.3.21 Year Ended 31.3.20 INCOMING RESOURCES Voluntary Ineome Donations 39,630 80J50 Investment Ineome Depo.4il account interest 97 272 Total incoming r¢JoutI 39,727 80,622 RESOURCES EXPENDED Raising Funds Support ¢0515 Insurance Sundries Fundrdising ¢onsultant Bank Charges 1,076 671 1200 25 I,(100 412 30 2,972 1,442 Governance costs Accouniancy Independent examination Legal and professional fees 1,797 386 2,671 504 TotAI Ralslng Funds 12,812 21.518 Chirltable 4ctlvlile5 Buildin&1 insurance Archiiecl and planning fees Devizes asiize ¢oun emergency works 16,263 67,876 16,238 91.632 112.059 Total resourcts expended 104.444 133,577 r4et lexpenditureyincorne 52 9551 This page does not fornh part of the statutory f]n8ncial statements Page 12