REGISTERED CHARITY NUMBER: 1177016 esan Financial Siatem nts for the Year Ended l March 2025 for Devizes Assize Court Tst
Devizes Assize Court Trust Conienis of the Financial Ststements for the Year Ended 31 March 2025 Page Report of the Tnjstees I to3 Independent Examiner's Report Statement of Financial Activities Balance Sheet Cash Flow Siaremeni Notes to the Cash Flow Siatemeni Notes io the Financial Siatemenis 9t0 I Detailed Statement of Financial Aciiyiiies 12
Devizes Assize Coun T of the TrUe¢S for the Year Ended 31 March 2025 The Devizes Assize Court Trnst {DAcf) was lormed in 2018 following an initiative by the Wiltshire Historic Buildings Trust Ltd. Wiltshire Council, and the Wiltshire Archaeological and Natural History Society IW ANHSI. The principle aim of the Trust is to save the fortner Assize Court in Devize5 and provide it with a new public use and a long-iemi sustainable future. REFEREIYCE AND ADMINISTRATIVE DETAILS R¢gi$ter¢d Charity number 1177016 Principal add$$ I si Floor The Syms Building Bumpers Way Bumpers Fami Chippenham Wiltshire SN14 6LH Tru$te¢$ Mr Peter Troughton (Chair) Mr. Robert Huni-Grubbe (Vice-chair) (Deceased 15108125> Councillor Mrs. Laura Mayes MT. Nicholas Elliott Mr. Martin Nye David Bedingfeld Scott Mr. Stuart Wheeler Mr, David Morrison IResi8ned 21102Q025) Mrs. Laura M¢Nicholas Ms. Lucy Maxw¢ll-S¢ott Dr. Marlin Clarke Caroline Margaret Kay (Appointed 13112f2024} Offi¢¢r5 foT th¢ year were.. Mr5. Tanya Williams . Treasurer Mr. Colin Johns Architect Mr. David Daw50n - Museum Adviser No Temuneration was paid during ihe year to any of ihe members. Independent examiner Pillow May Ltd Th¢ Dutch Barn Bremhill Grove Farn) East Tytherton Chippenharn Wilrshire SNI54LX Soll¢itor5 Goughs 2 Fore Street Trowbridge Wilishire BA148H STRUCTURE, GOVERNANCE AND MANAGEMENT Governing docurnent The charity i5 controlled by it5 governing do¢um¢nt. a de¢d of trust and ¢onsiiiutes a charitable incorporated organisation. The charitable incorporated organisation company number is CEOI 3153. Page I
Devizes A ize urtTr rt f the Trn5tee5 for the Year Ended 31 March 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Rlsk managtmellt The tTUStees have a duty to identify and review the risk5 to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable as5ufdnce against fraud and error. Appointment of trusiees Any person who is wÉllin8 to aci as a Trusiee, and who would not be disqualified from acting. may be appointed to be a Trustee by a decision of the Trusiees or a Mernber Organisaiion serving notice of his or her appointTnent in writing. Wiltshire Historic BuildÈn85 Trust and Wiltshire Council shall each be able to appoint up to two MembeT Tru5tee5 and Wiltshire Archaeological and Natural History Society shall be able io appoint one Mernber Trustee. The Tnbstees shall aim io have at leasi two Co-opted TNstees in office at any time. appointed by a decisson of the Trusttts. The Trustees will make available io each new Trustee. on or before his oi her first appointmeni., 8 copy of the constitution and any amendments made to it and a copy of the Charity's latest irnsiees. annual report and siaiement of accounis. OBJEcfivES AND ACTIVITIES Obj¢ctiv¢s and #ims The objects of the charity are for the benefii of the public: l) to preserve property and buildin8s of hisioric or archiieciural interest or imponance, in particular (but not limited to) in the area of Wiltshire: 21 to advanc¢ the education of ihe public in the arts, culwre and history, in panicular through the maintenance of a museum,. and 3110 funher such exclusively chariiable objects accordin8 lo ihe laws of England and Wales a5 the Trustees in their absolute discretion from time io time deiemiine. Revlew of activities As in preceding years, during the year 2024-25 the Trust has undertaken repair and other works to ihe derelici former Assize Court building. so ihat it is wind and weathenight. ¥nd is kepl in 9 51at¢ io ¢nabl¢ works of redevelopment to be ¢8rri¢d out. In addition, during the year the Tru51 took steps to proiect it5 legal rights, by agreeing an usem¢nt with Wadworth Brewery over land to ihe easi of ihe Site and re8iSterin8 possessory iiile io 8 small ploi of land to the wesi of the site. During the course of the year, WANHS (Wiltshire Arch&eolo8ical and Natural History Sociery) and ihe Trust continued their work to&?ether to progress plan5 on the renovalion. and development of the Assize Court io provide a new loeation for an expanded and enhanced Wiltshire Museurn I'the Project-). There were four Tru5tee5 meetinBS held during 2024-25. Additionally, the Project Board. established to oveT5ee th¢ Development Phase of the Project met periodically. The work included Meeting and liaising with the National Lottery Heritage Fund in order to meet iheir requirements for subsl8nlial grant fvnding for th¢ project. In the course of the year an application was submitted seeking plannin8 permission for the developmeni and resioration of the fomier Assize Court. The Trust in conjunction with WANHS has continued to develop and implement kls Fund-Raising Strategy for ihe delivery of the Project. The Trust suecessfully a¢hiev¢d commitments of substantial sums from both the Roths¢hild Foundation and th¢ Julia Rausing FovndatEon for the Projert. The Twsi are exirem¢ly grareful for su¢h commitments. As in previous years. the Trust has soughi io work with Wadworth Brewery. Backhouse Housing Limited. Trevor Osbome Ltd and Wiltshire Council so that the development of their respeclive site5 fit in with the parameter5 for the regeneration of the wider Devizes Wharf area whtch include5 the Assize Court. Throughout 2024-2025 the Trust ha8 been fully involved in the subsequent discussions and cons4Jltsiions. Page 2
Devizes Assize Court Trust rt of the Trustee5 for the Year ended 31° March 2025 Review ofactivitie$- CoDtitsued DACT 1$ pleased to re¢ord ils appreciation of valuable help from an increasirhg range of parthers and 5UPPOrters. includsng. Historic England, Ihe Dulverton Trust. the Pilgrim Trust, and local or8anisation5 and individual5. Sadly, after the end of the financial year Robert Hnt-GTllbbe died; he was one of the founding TTUStees and a major benefactOT. The trust is very grateful for his ¢oniribuiion. In seeking to fuifEI it5 airns the Trustees have considered ihe Charity Commission's guidance on public benefit and in parti¢ulaT guidance OTh chariti¢s for ihe advan¢¢ment of Culiure and heritage. The Trusiees confim) iherefore that they have compli¢d with the requirements of section 17 of ihe Chariiies Aci 2011 to have regard io public benefii guidance published by the Charity Commission for England and Wales. FINANCIAL REVIEW During the year the Trust received substantial donations of £59.37812024 £66274) which ha5 funded the preservation of the building and enabled the project of saving the Assize Court to begin. The main priority each year is to make sure the building is Safe and wind ond weathertighi. The WOTk caTTied out during the financial year involved expenditure of £66.150 {2024- £87.311 }. The Trust will also maintain 8 contingency fund in case additional emergency repair becomin8 necessary. TRUSTEES RESPONSIBILITY STATEMENT The Trustees are required 10 prepare for each financial year flnancial statements which observe the prin¢iples and methods of the Charities SORP and which give a true and fair view of the slate of the alTAirs of the Charity and of ihe incoming resources and application of resources of the Charity for ihat peri()d. In preparing those financial statements, the Truste¢s are required to.. select suitable accounting policies and ihen apply them eonsistently: make judgements and estimates ihai are Teasonable and prudeTht: stale whether applicable aecouniing standards have been followed. subje¢1 to 8ny matttial dartureS disclosed and explained in ihe financial sioiements: and prepare the financial s¢aiements on the 8oin8 concem b&%is unless it is inappropriate io pre$ume th&t the basis applies. The Trustees are responsible for keeping proper accountin8 reeords which disclose the financi#l p05ltion of th¢ Charity and to enable Ihem io ensure that the financial statements Comply wÈth the statutory reqLhiremen¢s. They are also responsible for safe8uardin8 (he assets of the charity and heTh¢¢ for tskin8 re5ponsibl¢ steps for th¢ pr¢vention and detection of fraud and other irregularities. Approved by order of the board of trnstees on ............................................. and $igned on its b¢half by.. fLKfJ iL- Peiei Troughion - Trustee Pe3
Inde dent ExamineI5 Re rt to the TSteeS Devizes Assize Court Trust Responsibilities And basis of r¢port I report to the trustees on rny eXaminlon ofthe accounts of the above charity for ihe year ended 31 Mareh 2025. which are set out on pages five to e1Ve. As the charity's trustees, you are responsible for ihe prepayation of the accounts in accordance wilh the requirements of the Charities Act 2011 {'the ACV). I report in respect of rny examination of the charity's accounts ¢arried oui ut)der section 145 of the Act. In carrying out my examiThation, I have followed all th¢ applicable Direciions given by the Charity Commission under seciion 145{5)Ib) of the Act. Independent examiner s statement The charity's gros5 income did not exceed £250,000 and l am qualified to undenake the examination by being a qualifjed mernber of the Inslitute of Chartered Accounianis of England & Wales. I have completed my examinatton. I confirm thal no material matters have Come to my atteniion in connection with the examination which give5 me cause to believe that. in any mai¢ri31 r¢sp¢ct'. the 8ectsuntin8 records were not kept as requhred by section 130 of the Act: OT the accounts do no¢ accord with the a¢¢ounting Te¢ords: or the accoun15 do not comply with th¢ applicable requirements concerning ihe forni and con(en( of accounts set out in the Aci other than any requirement that the ac¢ounls give a'true and fair. view whi¢h is not a matter ¢onsidered as part of an independcnl examination.. or there is further infornation needed for a proper understanding of the accounts. I have no cortcerns and have corne acros5 no other matt¢TS in connection with ihe examination to which arteniion Should be drawn in this report in order to enable a proper understanding of the accounts to be reached. (U4L Pillow May Limited The Dutch Bam Bremhill Grove Fam Easi Tytherton Chippenham Wiltshire SN154LX Date.. Page 4
Devizes Assize Court Trust Stsiement of Financial Activities for the Year Ended 31 March 2025 YeaT Ended 31.3.25 Total funds Year Ended 31.3.24 Total funds Unrestricted Restricted fijnd rund Notts INCOME Incoming resources frorn generated funds Voluntary income Inve5tfftent income 59,378 59,378 66,274 Totgl intome 59,378 59,378 66,274 EXPENDITURE Raising funds Chgritgble 8ctivilie5 Devizes Assize Court Restoration 4.289 4.289 6.234 Tot41 expendlture 70.439 70.439 93,545 Net Ineome (11.061) 111.061) 127.271) Transfers between funds NET MOVEMENT IN FUNDS (11.061) {11.0611 (27,271) RECONCILIATION OF FUNDS: TOTAL FUNDS BOUGHT FORWARD 199.139 199,139 226,410 TOTAL FUNDS CARRIED FORWARD 188 078 188078 199 139 Page 5
Devizes Assize Court Trust Balance Sheet At 31 March 2025 31.3.25 Unrestricted Rrstricted fund Total funds fund 31.3.24 Total funds Noles FIXED ASSETS Tangible asseis 148.496 148.496 148.496 CURREIYT ASSETS Debiors Cash at bank 47.590 58.511 47.590 47.590 58,511 CREDITORS Amounis lalling due within one year (8.008) (8,008) 17,868) NET CURRENT ASSETS 39.582 39.582 TOTAL ASSETS LESS CURRENT LIABILITIES 188,078 188,078 199,139 P4ET ASSETS 188.078 188.078 199 139 FUNDS Unresiricted fund5 ResiTlCted funds 10 188.078 199,139 TOTAL FUNDS l B8,078 199 139 The financial siatemenis were approved by the Board of TrUeeS on ............................... .... .. behalf by.. and were signed on its Mr. Nicholas Elliort. Trustee Page 6
Devizes Assize Court Tnjst Ch Flow Staternent for the Year Ended 31 March 2025 Year Ended 31.3.25 Year Ended 31.3.24 Notes Cash flows from operAling attivities (10.921) {32.8821 Casb flows from investment Attivities (Decr¢a$¢)lin¢r¢a$¢ in cash in th¢ period 10.9211 132,882) Reeonclllmtlon of net e#sh flow to movement In net debt Increase in cash in the period 10.921) 32.8821 Change in net debt resulting from c&sh flows 10.921) 32 8821 Movement in net debt In the period (10,921) (32,8821 Net debt #t l Aprll Net debt At JI Morch The note5 foTrn part of these financial statements Page 7
Devizes Assize Court Trust Notes to the C35h Flow Statement for the Year Ended 31 March 2025 RECONCILIATION OF NET INCOMING RESOVRCES TO NET CASH INFLOW FROM OPERATING ACTIVITIES Y¢aT Ended Year Ended 31.3.24 Net loutgoinglKincomin8 resources Interest received Impairment Losses DecTea5ellin¢rease) in debioTS (De¢reos¢Vincrease in CTeditOTS {27.271) 140 Net ¢aJh loulflowllinllow from optratlllK Ittivities 10.921) 32,882) ANALYSIS OF CASH FLOWS FROM IIYVESTMENT ACTIVITIES Year Ended 31.3.25 Year Ended 31.3.24 Returnj on inve5trn¢n¢s ind 5¢ryicin8 of finance InteTesl received CApItAI expendlture and fin8n¢ig1 inv¢$trnent PUbase of tangible fixed assets Cash llowg from investment activities ANALYSIS OF CHANGES IN NET FUNDS Ai 1.4.24 Cash flow Ai 31.3.25 Net cash Cash ai barbk 58,511 10921) 47,590 Total 10921) 47.590 Page 8
Devizes Assize Court Trust Notes to the Financial Ststements for ihe Year Ended 31 March 2025 ACCOUNTING POLICIES Accounting tonvention The finan¢ial siatemenis have been prepared under the historical cost conveniion, as modified by the revaluation of certain assets and tn accordance with the Financial Reporting Standard applicable in UK & Republic ofIrelarsd {FRS102), the Charities Act 2011 and the requirements of the Siai¢meni of Recommended Practice.. A¢¢ounttng and Reporting by Charities. The trust ¢onstitut¢s a publi¢ b¢nefil entity as defined by FRS 102. The tru5tee5 consider that there are no m¥ierial uncenainries aboui the charity's ability to continue as a going ¢oncern. Income recognitio All income is included on th¢ Staiemeni of Financial Activiiies when ihe charity is legally enfiiled to the income and the arnount can be qlhantified with reasonabl¢ ac¢ur4cy. Expenditvre recognition Expenditure is accounted for on an a¢¢nlS b&sis and h&5 been classified under headings that ?ggr¢gate all ¢ost related to the category. Where cost5 cannot be directly ottribuied to particylar headings they have b¢¢n allocated to a¢tiviti¢s on a bisis con51SteThl with the use of r¢50urces. Related party d15closure There are no related party IrBnsactions in the r¢porting period that require disclosure. Tangible fixed assels Capital expenditure is treated 05 addition5 lo tangible fixed Js5¢ts. Any profit on disposal is credited to the Income and Expenditure Aecount at the date of sale. Los5¢5 are provided for when it becorne5 clear that Such losses will be substantial. An impairmeni provision has been put in place over the As5iz¢ Court buildin8 a5 #n independent valuation c4rri¢d out by the irusiees showed that it had a negatlV¢ f¢5idual v8lue. No depreciation is provided on fixed gsseis as any $uch depreciation is not considered io be material. Debiors Debtors are amounts due to the charity for gr#nts agreed cleared for payment by th¢ rep(irting dot¢. Debtors are recognised at the transaction price. Cash at bank Cash at bank Comprises cash on hand and e811 deposits. ¥nd other $hort-term hi8hly liquid investm¢nts that pre readily convertible to a known amount of c¥sh and ¥r¢ subject Io an insignificant risk of Change in value. Tr8de creditors Trade creditors are obligations to pay for goods or services thai have been acquired in the ordinary CQUTS¢ of business from suppliers. Accounts payable ar¢ Classified as ¢urr¢nt liabilities if the company does not have an unconditional right, at the end of the reporting period. TO defer rhe s¢ttlement of the ¢T¢dytor for ar least twelve months, after the reporting date. If ihere is an un¢ondi(ional Tighi to defer settlem¢ni for at leasi twelve rnonihs after the reporting date, they are presented a5 non-curreni liabilities. Trade ¢reditors are recogni5eil at the transaction price. T9X4tion The chariry is exempi from corporaison tsx on its chariiable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives ai the discretion of the trustees. Resiricied funds can only be used foT particular restricted purpose5 Wlthin the objects of the charity. Restrictions arÈse when specified by the donor or when fund5 are raised for particular restricted purposes. Page 9
Devizes Assize Coun T Noie inon tateme for the Year Ended 31 March 2025 INVESTMENT INCOME Year Ended 31.3.25 Year Ended 31.3.24 Deposit account interesi COSTS OF RAISING FUNDS Year Ended 31.3.25 Year Ended 31.3.24 Support costs Governance costs 1.479 2.810 2,381 3,853 4.489 6,234 TRUSTEES, REMVNERATION AND BENEFITS There were no trustees. remuneration or othLY benefits for the year ended 31 March 2025 or year ended 31 March 2024. STAFF COSTS There were no employees during the year. FEES FOR EXAMIIYATION OF THE ACCOUP4TS £420 will be payable to Pillow May Limi*d in respect of the annual independent review. TANGIBLE FIXED ASSETS Freehold property COST At l April 2024 and 31 March 2025 148496 NET BOOK VALUE At 31 March 2025 148,490 At 31 March 2024 148.496 The historic cost of the freehold property is £627.547. DEBTORS: AMOUNTS FALLING DUE WITHIN of4E YEAR 31.3.25 31.3.24 Other Ilebtors Page 10
Devizes Assize Court Trust Notes to the Financial Staten]ents- continued for the Year Ended 31 March 2025 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade crediiors Other ¢redbiors 8.008 7,868 8.008 7.868 Jo. MOVEMENT IN FUNDS Net movement in fijnds At 1.4.24 At 31.3.25 Unreslricted funds General fund 199.139 (11.061) 188.078 Restricted funds Urgent Works TOTAL FUNDS 199 139 188.078 Net movement in funds, included in the above are as follows.. Incoming Resources resources expended Transfer beiween fuTrds Movement in funds Unrestrleted funds General fund 59.378 (70.439) Restricted funds Urgeni Works TOTAL FUNDS 11,061 Page 11
Devizes A55ize Court Trust Detailed Statetnent of Financial Aciivities ror the Year Ended 31 March 2025 Year Ended 31.3.25 Year Ended 31.3.24 INCOMING RESOURCES Voluntary Income Donations 59,378 66,274 Inve5tmtnt in¢ome Deposit account interest Total ineoming reUrteS 59,378 66,274 RESOURCES EXPENDED Raising Funds Support eosts Insurance Sundries Fundraising consultani Bank charges 1.460 1.453 906 19 20 1,479 2.381 Governance ctssts Accountancy Independent examinotion Legal and professional fees 1.792 420 598 1,838 472 1.543 2,810 To¢41 Raising Fund$ 4.289 6,234 ChAritAble activltl¢$ Building insurance Architect and planning fees Devizes assize court emergency works Grants (o ins(itu(ions 25,168 5,586 394 35,000 23,116 5.446 3.749 55,000 66.150 87.311 Tolal resour£e5 expended 70,439 93,545 Net (expenditure)lincome 11,061) 27.271} This page does not form part of the Statutory financial statements Page 12