REGISTERED CHARTTY f4uMBER: 1177016 inanci tate Ima for vi Tru
Ikviles Assize Court TTUSt t ts of the Financial StaiemenL for the Year Ended 31 March 2024 Pa8e Report of the Trustees 1103 Independent Examinerfs Report Statement of Fit)ancial Aciivities Balance She¢t Cash Flow Siaiement Notes to the Ch Flow Siaiement Noies to ihe Financial Statements 910 11 Ddailcd Staicrn¢nt of FÉnan¢ial Activities 12
DeviM Assize Court Trust rt of the Trustees for the Year Ended 31 March 2024 The Dewzes Assize Court TTUSt IDACD was forni in 2018 followng an initiative by the Wiltshire Historic Buildings Trusi Ltil Wilishire Council, and the wiltshi Arthaeologicai and History Sociay (WANHSI. The principle aim of the Twsi is io save the fomier A&size Court in Devizes and provide it wirh a new public use and a long-temj .sustainable future. REFERENCE AIYD ADMIPIISTRATIVE DETAILS Registered Ch4riTr number 1177016 Principal address 1st Floor The Syms Building Bumpers Way Bumpers Farn) Chippenharn Wiltshir¢ SN14 6LH Trustees Mr Peter Troughton Ichair) MT. Roben Hunt.Grubbe Ivice-chair) Councillor Mrs. Laura Mayes Mr. Nichola5 Elliott Mr. Martin Nye David Bcdingf¢ld Scott Mr. Stuart Wheeler Mr. David Morrison Mrs. Laura McNichola$ Ms. Lucy Maxwell-scoii Dr. Martin Clarke {Appoinied 1510912023) Officers for the year were.. Mr5. Tanya Williams- Treasurer Mr. Colin Johns Archiie¢t Mr. David Dawson - Museum Adviser No r¢rnuneration was paid during lh¢ year to any of the membcrs. Independent ex*mlntT Pillow May Ltd The Dutch Barn Bremhill Grov¢ Farni East Tytherton Chippenham Wiltshire SN15 4LX Sollcitori Goughs 2 Fore Strttt Trowbridge Wiltshire BA14 8H STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The chariiy is ntrOllert by its governing document, a de¢dof INSI and Constilutes a ¢h8ritable incorporated organi5ation. The chaTilable ill¢OTporated organisation ¢ompany number is CE013153. Page I
Devize rt of Ihe Tru5tee5 YeaT Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MLNAGEMENT Rt5k rnnagemeDt The tTUStees have a duty to identify and review the risks io which the charity is exposed and to ensure appropriate controls are in place to provid¢ reawnabl¢ assurance against fraud and crror. Appolntment of trn$ie¢s Any person who is willing to act a Tru¢e. and who would not be disqualified from acting. rnay be appointed to b¢ a Trustee by a decision of the Truslees or a Member Organilon serving notice of his or her appoitjtmeni in writing. Wilishire Historic Bllildings T1 and Wiltshire Council shall each be able to appoint up lo two Member Trustees and Wilishire Ar¢haeologi¢al and Naturdl Hi510ry Society shall be able io app)iDi onc Member TTUStee. The TrustCC5 Shall aim t(} have at least two Co-optcd Trustees Ln office ai any lime. appoind by a decision ofthe Trustees. The Trusiees will mak¢ available io each new TrnstK on orbeforc hi5 Qr her fiN appointineni,. a copy of the constitution and any amendmet)ts made to bi and 8 copy of the Charity's lalesl trustees. anjiual rq)on and statemeiii of accounts. OWECTIVES AND AcfiviTIES Objective5 and aim5 The objects of the charity are for the benefit of the publi¢- I l io preserve property and buildings of hisloric or architectural interest or importarkce. in parti¢ulw (tyjt Dot limited to) in the area of Wilishir¢; 2) to advance the educaiiott of ihe publie in the arts Cultu and hisxory, in parti¢ular through che maintenance of a muyum. and 3) 10 further such exclusively ch8rilable objects wxording to the laws of En8land and Wales as the Trustees in th¢ir b501ute diycretion from time to time deterniine. Revlew of aeiSvliles Since acquisition in 2019 the Tru has continued 10 undertake various newsary r¢pairs to ensure that tli¢ d¢reli¢t fomier Assize Court buildin8 is wind and wrdThenigh¢. 115 condiiion is being monitored on a regular basis. Durin8 the year 2023- 24, additional minor T¢pair Works were also undenaken to enwre that the buildin8 r¢m¥ins secure. During ¢he course of the year. WANHS Iwilishire Ahae0]0gl¢al and Naiurdl History Society) rece2ved a £300.0 + Stage l Development Grani and Ihe Trua received initial support from lh¢ National Loiiery Heriiage Fund io help the parti¢s progr¢s% plan% on Ihe renovation. and dcvclopment of ihe Assize Coun to PTOVLde a new location for an expaiid and enhanced Wiltshire Muscum l-the Project"). ThÉs followed on fmm ihe Heads of Agreemcnt, entered into the preceding year. whereby the Trus¢ and WANHS agreed to work togdher to re4lise the Project. Under the Heads of Agreement the Trust would. at 8 fuiure date, grant a lease to WANHS of the Assiz¢ Court building and jining18nd. An applicaiion 10 ihe NLHF for a delivery grant will be submiiwl in 2025. There were five Truste¢5 meeiings held during 2023-24.. two of whi¢h w¢r¢ joini meeting with the Board of WANHS conceming iheir approach to the Projecl. WANHS anil the Trusi continue to make pro8re&s towards defining a 5tralegie aPprtCh to thc Prtsjt, including assc&sing ihe owions for a full funding strategy. Additionally. Ihe Project Board. which was ¢ab]iShed ihe preceding year to oversee the Development Phase of the projccl met periodicdly. A timeline for the progre&s of the Project w&5 1)utlined and agre upon in conjunction with the NLHF. The Trust ID ¢onjynciion with WANHS h&4 ntInued io dcvelop a Funding.Raising SiTaiegy for the delivery of the Project. As in Ihe preceding year, Ihe Trn5t h&s 50ught 10 Work wilh Wadworth Brewery. Backhou5e Housing Ltd. and Wiltshire Council 50 that thc dcvtlopment of their rpe1ve sites fLI in with the paramerers for the regen¢rdtion of the wider Devizes Wharf arca which Includes Ihe Assize Court. Throughout 2023-2024 the TTUg has been fully involva in the subsequent discussions and consultations. The Twst is pleased to rfford it5 apprectation of valuable help from an increasing ]ange of partner5 and supwrter4 including. Historic En8land, the Dulvenon Trust, the Pilgrim TrusL and local or8an15ations and individual4 including a generous legacy. Page 2
Devizes A55ize Court Tn] on of the TnJ&ees for the Year en MaTch 2024 Review of #ctivities- Contlnued In seekin8 to fulfil its aims th¢ TnLses have considered the Charity Commission's guidance on public benefit 8]id i particular guidance on charities for ihe advancement of culture and herithge. The T)uet$ confim therefore that they have complied wilh the requircmenls of 5cciion 17 of the Chariiies Act 2011 to have regard to public benefjt guida]i¢e published by the Charity Commission for Et)gland and Wales FINANCIAL REVIEW During the year the Trust rccavcd substantial donions of £66274 (2023 - £72,813) which has funded ihe preservaiiott of the building and ¢nabled the projeci of savin8 Ihe Assize Court to begin. The main priority each year is to make sure the building is safe and wind and weothertight. Thc work carried our during the financial year involved expenditur¢ of £87,311 (2023 - £43.574). The Trust will also rnainiwn ¥ coniingency fund in case additional em¢rgen¢y Tepair becoming necessary. TRUSTEF.S RESPONSIBILITY sTATEmEr The Trustees are requircd lo pr¢p8re for each financial year financial Matements which observethe principlesond methods of the Charities SORP and which give a Irue #nd fair view of the ale of Ihe affairs of Ihe Chariiy and of the incoming resources and applicaiion of reUrCeS of the Charity for thai period. In prenThs ihose financial statem¢nts th¢ TrusteeB are required to.. select Suitable aceounling policies and ihen apply them ¢onsistcntly,' make judgements and ¢&imaies that are reasonable and prud¢nt,' stale wheiher applicable accounting standards have been followed, subject to any miterial deparlurcs disclosed and explained in the financial staiern¢nts,' and prepare the financial ateMentS0n Ihegoing concern basis unless it is inappTopriaie tOPTesume ihai ihe basis applies. The TTUSte¢s are responsible for keeping proper acwinting rttords which disclose the financial position of the Chari¢y and io enable Ihem to ensure thai the financial staiemenis comply wilh the stalulory requjreinents. They are a150 responsible for safeguarding th¢ as5 of the charity and b¢¢ foT iaking responsible srep5 for Ihe prevention and detection of fraud and oiher irTegularities. 1.3..Ii IK.2.Q..ILtr Approved by onler of ihc board of tTU5te¢s on ... - and si8ned on its behalf by= PeteT TrouKhton- Trust¢ Pag¢ 3
Inde dent Exarnineffs R n io ihe Ttee$ of Devizts Assizt Court TTUSI Respoll5ibilities 8Dd bsis of report I repon to Ihc trustees on my examinion of the accounts of the above ¢hariry forrhe year ended 31 March 2024, whieh are set out on page5 five to Iwelve. As the charity's trnste¢s, you aTe responsible for The pr¢paAtion of thc accounis in accordanc¢ with the requirements of th¢ Chariti¢s Aa 2011 (the Aci). I report in respect of my examirtation tsf the charity's accounis carried out under seciion 145 of the Act. In carrying out my exarnination. I have followed all Ihe applicable Dircrttons given by the Charity Commission under section 14S(SKb) of thc Aet. Independent examlner'i statement The charity's 8r05s income did not exceed £250,¢K>O and l am qualified to undertake th¢ ¢xamination by being a qualified memb¢r of the Institute of Chartered Accountants of England & Wales. I have completed my examination. eonfinn that material matters have come 10 my atterttton ITh connectEon with the examinaiion which &rivc4 me eaus¢ lo believe rhai, in any maittial rc5pecl-. the accounting IordS were rK)I kepi ls required by Section 130 of ihe Aci: or the accounts do not accord wilh the aecouniing Tttords,. or the accounts do not comply wilh Lh¢ appli¢able requirements conccrnin8 the fonn and content of a¢¢ount$ sei out in the A¢t oiherthon any lequiremeni Ihai the a¢¢ounls sive a'twe and fair, view which is noi a matter considered &s part of an independeni examination.. or there is further infomiation needed for ¥ proper uTrIe¥sw1ng of the accounts. I h2ve no Concerns and have come across no oiher matiers tn connection with ihe examination io which aiieniion should be drawn in ihis report in order io enable a prnper undcTStanding of the accounts io be reached. Pillow May Limiied The Dutch Barn Brernhill Grove Farn) E&51 Tythenon Chippenham Wi115hire 8NI54LX Date.. Page 4
zts Assize Court Trust steMent of Financial Arfivilies for the Year Ended 31 Mar¢h 2024 Year Ended 31.3.24 Totsl fund5 YeaT Ended 31.323 Totsl funds UnrestTiCtcd Rc5tricted fund fund Notes IIYCOF¥lE Incoming resources from generated funds Voluntary income Inv¢strn¢nt income 66.274 66274 72,813 Tot#1 intome 66.274 66,274 72,813 EXPENDITURE Rai.%in8 fund5 ChAritable Activitie5 Devizes Asqize Court Restorntion 6.234 6234 13,625 TotAI expenditure 93.545 93,545 57,199 (27271) (27.271) 15,614 Tran5fcrs bctwttn funds r4ET MOVEMENT IN FUNDS (27.271) (27271) 15.614 RECONCILIATION OF FUNDS: TOTAL FUNDS BOUGHT FORWAR 226.410 226.410 210,796 TOTAL FUNDS CARIUED FORWARD 199 139 199 139 226410 Pa8¢ 5
urtTn B8¢¢ She At 31 March 2024 31.3.24 Unrthicted Restrtcted fund Total funds futld 31.3.23 Total funds NotGs FIXED ASSETS Tangible assets 148,496 148.496 148.496 CURRENT ASSETS tkbiors Cash at bank 58.511 58,511 91,393 CREDITORS Amounis falling due within one year (7.868) (7,8681 (13.479) NET CURRENT ASSETS TOTAL ASSETS LESS CURREYI T LIABILITIES 199,139 199,139 226,410 NET ASSETS 199.139 199 139 226410 FUNDS Unreslri¢ted fund5 Restricied funds 10 199,139 226,410 TOTAL FUNDS 199 139 226,410 The finartci81 statements were appToved by the Board of Trustee5 on... behalf by- . and were signed on 115 Mr. Nicholab Ellioll- Trutt Page 6
Aze Court Trust Cash Flow Statement for the Year Ended 31 Match 2024 Y¢ar Ended 31.324 Year Ended 31.3.23 Noies Cash flows from operatin¥ attiviti¢5 (32.882) 18.501 Ca$h flows from IRvestmeDt actlvltles (De£rea$¢)lin¢r¢Ase In ta$h the ptrlod 32 8821 Reconclllatlon of net Cgsh flow to mov¢ment ID net debt Incre&se in cash in the puiod 32 882) Chang¢ in net debi re5ulring from cash flows 32 882) Movemtnt lrt net debt ID the p¢rSod (32,882) 18,301 N¢t debt 8t l Aprll Net debt St 31 M*r¢h Thc noles forni part of these financial s(atements Pagc 7
Court Trust Notc5 to Ihc Cash Flow Siatetnerkt for thc Year Ended 31 March 2024 RECONCILIATION OF Nrf INCOhlING RL8OURCES TO NET CASH JNFLOW FROM OPERATING ACTivrfIES Year Ended 31.3.24 Year Ended 31.3.23 Nel {tsutgoiEJB)lincoming reAree5 Iniere5t received Impairnicnt Losse5 De¢reasellin¢reasel in debto {DeCreaseyincre iTJ creditors (27,2711 15,614 Net cash (ourflow)Ilnflow from oper•¢lng dlvld 32.8821 18.501 ANALYSIS OF CASH FLOWS FROM IYI vEsfM¢ ENT AcfiviTILS Year Ended 31.3.24 YeaT Ended 31.3.23 Reiurns on Inve$tments aDd TvICIng of finADce Interest reeeived Capltal expendlture ind Ilttthel*l Inve$ttneni Purchase ol tan8ible fixed assets CA¥h flow$ from 5nve$tmtnt fietlvltles ANALYSIS OF CHANGES IN T4ET FUNDS At 1.4.23 Cash flow At 31.3.24 Net cAJh C&sh at bank Total 32 8821 Page 8
Ale urt Trust Note5 to the FÈnancial Siaiements for the Year Ended 31 .March 2024 ACCOUNTING POLICIES Accounting conventio The financial %iatetnents havc bccn prcpared under the hion¢al CO ¢onventioN as modified by the Tevaluation of certain assets and in attordanee with the FinaThcia] Reporting Standard applicablc in UK & Republic of Ireland (FRS102). the Charities Act 2011 and rhe requirements of the Statement of Rccommcnded Practice.. Accoun(ing and Reporting by Chariti¢s. The trust con]lUteS a publi¢ berrfit entity as defined by FRS 102. The trustees consider that theTe are EKb material eo]lI¢S about thc chirity's ability to contÉnue as 8 going conc¢rn. Income retogDltloD All income is included on the Siaiemeni of Financial AetLVltie5 when th¢ ¢harily is l¢gally entitled co the income and the amount can be quaniified wtih reasonable accuracy. Expendlture recognition Expendilure i5 accounted for on an accruals b&sis and h&8 been clAs5ified under he4ding5 that aggTegate all cost related to lh¢ caiegory. Where costs cannot be directly attrilwted to p4ni¢ulaT headings ihey have been allocated lo a¢iiviiies on a basis consisienl Wlth ihe use of resources. Related party disclosure There are no related party iransaccions in ihe rq)ortitsg period th Trqui dix105ure. Tanglble flxed 1s8et5 Capiial expenditure is ireaied a5 &ldiiions io tangible fixeAI &ssets. Any profil on disposol i5 crtyjitd io the Incomc and Expenditure Accouni ai the date of e. Lossts art provided for when it becomes clur thai su¢h losses will be iubsianiial. An imp21rmeni provision has been put in place overthe A&site Court buildin8 as an independent valuation Caled out by the trusttts showed thai li had a negative residual value. No depTe¢iaiion is provided on fixed &tI5 any such deprecilon is ¢onsider&J be m*rial. Debtors Debtor5 are amounts due io the charity for 8rhnts &e¢d ¢leaTed for payment by the reporting date. Debtors are recognised at the transaciion priee. Cash at bank C&sh al bank comprises cash on hand and call dqM)Sit4 and (Mher short-¢em) highly liquid investments thai are readily convertible to a known amount of cash and are subjttt io an insignificant risk of ¢hall8c in value. Trade eredltorj Trade crediiors are obligaiions to pay for goo(& or servie¢s that have been acquired in ihe ordinary course of business from suppliers. Accounts payabl¢ are ¢lassified as cutreni liabilities if ihe company does noi have an unconditional right. at Ihc etld of the r¢poning wo¢L to defer (he scttlemcnl of the creditor for at Icd5t twelve months. aftcr the reporting date. If thcre is an unconditional righi io defer settlemeni for at least twelve months after the reponing date. they arc presented as non-CUTrent liabilKties. Trade creditors ar¢ r¢¢ognised at the transaciion price. Taxation The ¢harity is cxcrnpt from corporation lax on its charithble xtivitL&8. Fund ACCOtIng Unreslricied funds Can be used in accordance with the charitsble objectives ai the discrehon of the trustees. Restricted funds caTh only be used for wrricular restrictcd purposes within the obj¢xts of the ¢hariry. Resirictions arise when spccifjed by the donor or when funds are Msed for panicular restriCd purposes. Page 9
Devizes Assize Court Trust Notes to the Financial Siaiements for the Year Ended Ima II¥VESTMENf INCOME Year Ended 31.3.24 Year Ended 31.3.23 Deposit aceounl interest COSTS OF IiAISING FUNDS Year Ended 31.3.24 Year Ended 3l.J.23 Support costs Governance ¢osts 2.381 3.853 7.195 6.430 TRUSTEES, REMUNERATiof4 AiYD BEf4EFITS There wcrc no tnLSte¢s' Temuneration or other berfits for the year ended 31 MaT¢h 2024 or year ended 31 M8Tch 2023. STAFF COSTS There were no a))ployees during the y¢aT. FEES FOR EXAMINATION OF THE ACCOUNTS £420 will be payable io Pillow May Limited in re5ttti of the annual Indepdent review. TANGIBLE FIXED ASSETS FchOld propeny COST At l April 2022 and 31 March 2024 148 496 NET BOOK VALUE Ai 31 March 2024 148 496 At 31 March 2023 148.496 The hioric CO of the freeId property is £627,547. DEBTORS: AMOUPryS FALLING DUE WITHIN ONE YEAR 31.324 31.3.23 Other deixors Pa8e 10
izes Assize Court Trust Notes to the Financial Siatemenis- coniin for the Year Ended 3 1 Majrh 2024 CREDITORS: AMouNfs FALLING DUE THIN ONE YEAR 31.3.24 31.3.23 Trade creditors Other creditors io. MOVEMETrrr It4 FbNDS Nel movement in funds Al 1.4.23 Ai 31.3.24 Unrestrlcted fundi General fund 226,410 (27.271) 199,139 Res¢rl¢ied funds Ur¥eiit Works TOTAL FUP*DS 226410 272711 199 139 Net movement in fynds in¢lud¢d in ihe above are as follows.. Incoming Resources rawurces expcnded Transfer Ixiwcert fund5 Movement in funds Unre$¢rl¢ted funds General fund 66,274 (93.545) (27.271) Restricted funds Urgeni Works TOTAL FUNDS Pagc 11
Devize5 Assize Court Tn]st Detailed Statement f F. for the Year End 20 Year Ended 31.3.24 Year Ended 31.3.23 INCOMING RESOURCES Voluntsry Income Donations 66,274 72,813 Investment 5neome Deposit aceotsfit interttst Total Incomlng resourees 66,274 72,813 RESOURCES EXPENDED Ral$lng Fund$ Support costs Insurance Sundries Fundraising consultant Bank charges 1.455 906 1.383 325 5.460 27 20 2J81 7,195 Governance rost5 Accountancy Independeni examination Le8ol and professional ftts 1,838 472 1,536 384 Total R&l$lng Fund$ 6.234 13,625 ChArltible fiel111t¥ Building insurance Arehiteet and planning fees Devizc5 &SSlZC court emergency works Grants 10 institutions 23,116 5,446 3,749 24,113 11,309 8,152 87Jll 43,574 Total resour¢ ¢xp¢nrted 93,545 57.199 Net lexpend5tureylncothe 27.271 This page noi fom) part of the statutory financial statements Page 12