REGisfERED COMPANY NUMBER: CE20714 {England and Wales) REGIsfERED CHARITY NUMBER: 1187978 REPORT OF THE TRusfEES AND UNAUDITED FINANCIAL sfATEMENTS FOR THE YEAR ENDED Isr APRIL 2024 FOR RYE HERrrAGE CENTRE Glbbons Mannington & Phipps LLP Charterej Accountants Landgate Chambers 24 Landgate Rye East Sussex TN31 7U
RYE HERrrAGE CENTRE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED Isr APIUL 2024 Page R•port of th• Truste•s I to 4 Ittdeptndént Ex•min•r's Réport Statement of Finan¢ial A¢tivitios Balance Sheet Notes to the Financial Ststements 9 to 13 Détalled Statémént of Flnandal Activities 14 to 15
RYE HERITAGE CENTRE REPORT OF THE TRusfEES FOR THE YEAR ENDED Isr APIUL 2024 The trustees who are also directors of the charity for the purpose5 of the Companles Art 2006, present their report with the flnanclal ststements of the charfty for the year ended 1st Aprll 2024. The trustees have adopted the provlslons Of Atcounting and Reporting by Charltles.. Ststement of Recommended Pracbce applicable to chartes preparing their accounts In accordance wlth the Flnanclal Reportlng Stsndard applicable In the UK and Republlc of Ireland (FRS 102) (effectlve l January 2019)- OBJECTIVES AND ACTivmES Objectives and airns To advance educatlon for the publ1¢ benerrt In the history and heritage of the Antient Town of Rye ty rnalntalnlng a Heritsge Centre and oryanlslng exhlbltlons and events. Nothing in thls constIon shall authorlse an appllcatlon of the propwty of the CIO for the purposes whlch are not charltable ac¢ordance the Charities Art 2011. Signlficant artlvltles To exhlblt the town model, by Tneans of a Ilght and sound model show whlch explalns the unlque h15tory of the Anclent Town of Rye, by entry fee. Unked to the model Is a MelIne of supportlng herltage exhiblts. There are saleg of related herftage items to add Income. There are related acUveS such as town walks and other herltage athvltles to add Income. A programme ol digltJsaUon Is under way to enhan the herftsge value. Theo15 a schools pro9ramme. Public benefit The trustee5 have regard to the guléancè on public benefit issues by the Charities Comrnission. Volunteers voluntee are fundamental to the operatlon and add value. Page I
RYE HERrrAGE CEMTRE REPORT OF THE TRusfEES FOR THE YEAR ENDED 1ST APRIL 2024 ACHIEVEMENT AND PERFORMANCE Charitable artivitles Several thousand visitors (both local and natlonal and Intemauonal tourlstsl have come to the centre many of whom also watched the town model show Illustratlng the hlstory of the town gf Rye. Further, local PLFbll¢lty has meant that many more locals a vSsltlng the centre,. often uslng the model and ts show to Introdu their vlsltors to the town befts embarklng on a walklng tour, School patty vlslts have IntaSed thls year Includlng those from other countrles. It seems as though schools from continental Europe are gradually gettlng through thè challenges created by Brèxlt. although this aspett ConnueS to reduce overall numbers compared to pre-Brexlt years. Locally, thls year the centre was able to offer a work experfence placement to a student at Rye's hioh sd)ool. The student who came on this placement subsequenyy volunteered to worf( at the centre In the summer holldays. Enhanrnent of the model show continues with projetted Imagès belng used tts add to the audio-v15ual experlence. The centre Is also investigating projectlon mapplng as a way to provlde a more Immerslve dlsplay. Centre exhlblts contlnue to be updated ané thls year a new audlts-vlsual walk-through dlsplay called the "Smuggltrs. Attic" has been added. More volunteers hove been recrulted, and the range of activities that they perfomi have also been widened. The volunteer recruitment drlve contlnues. The planned programme of educatlonal and entertalnlng talks and town tours has been expanded. The Heritsge centre contlnues to be closely Invofved w6th the Ilfe of Rye Includlng many of the annual festivals and event5 that the town puts on each year. For example, the Herftage centre participated In. Rye Arts Festlval" "Rye Bonfire", "ChNstmas In Rye" and the annual town meetlng. Addltlonallyl the Herftage Centre put on its own mini-festival with a commemoratlon and reenactment of the 450th annlversary of Queen Ellzabeth the Nrst's vlslt to Rye. The dosure of the town's tourfst Offi ¢)Iled the Rye Infomlation Polnt (RIP) was both bad and good news for the Heritsge Centre. The bad news was that it meant the volunteer stsff and the manager had to handle many more tourfsm questlon5 from rnembers of the publlc. Thls not only takes up valuable ty.me but can also be quite challenging for volunteers untrained in this field. On the plus sidè, thDugh, Rye Town Council, that formerty ran the RIP donated rmth of the unsold stock for sale at the Heritage Centre. A paCular highlight this year was worklng wlth several new local volunteers and recelvlng a Hetage Lottery Fund grant to produce Rye's Her5tory ProJecV'. Thls venture Involved Intervlewlng local women to bulld up an audible history and exhIbIon of the Ilves of women In the town of Rye. Fundrai$lng activitie5 We continue to be succes5fv1 In ralslng ftJnd5 from a number of Indlvldual donors, Herltage Centre vlsltors and grant-glvlng organlsatlons. The fart that over half of the cost for the model show upgrade Y4as donated was partipjlarly plea51ng. FINANCIAL REVIEW Flnancial po$ltk>n The trustee board made a decislon to retsin a mlnlmum of £5,000 as a reserye. Thls sum represents overheads and salarfes for approximately three months. At the year end the CIO held unrestrlcted reserves of £13,374 and restricted reseNes of É5,416. Thls mount Is suffldent to meet the mlnlmum reserve alm5 Stated above. Page 2
RYE HERITAGE CENTRe REPORT OF THE TRUSTEES FOR THE YEAR ENDED 1ST APIUL 2024 FINANCIAL REVIEW Prlnclpal funding sources The charfty's printipal source5 of fvnds are: - income from model shows shop sales walks and talks grants and donations Going concern Thls Is a small chailty whlch Is not likely to have huge erveS of capltal to call uwjn. Nevertheless, we are confident that through the use of pmdent Ilnanclal mana9ement, we Can rernaln solvent and prosper. This has proven to be the case in this financial year as the avallable funds of the oryanlsatlon are enhanced cornpared to the financlal year precedlng. srRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by Its governlng document, a deed of trusL and consdtutes a Ilmlted company, Ilmlted by guarantee. as deflned by the Companles Act 2006. Recruitment and appolntment of new trustee$ By the trustee board on the basls of thelr sultsbllity In terms of skllls and eXperIen and thelr wllllngness to voluntew for the role. OryaThlsatlonal structure The Eharlty Is run by a trustee board. The board fomiulates pollcy whlth Is Implemented through the ernployed manager. The manager or¥Janlses volunteers to support various aspects of the centre's operatlon. Inductlon and training of new trustees There are some twenty policies agreed by the board that serve as guidance for the monager and new tnjstees. Internal and extemal tralnlng courses are made avallable for both the manager and new tn&stees to leam about partlcular aspects of their role as required. Related parties The chamty has a good rdatyonship wlth Rye Town Councll whlth owns the slte. The board lease5 the bulldlng on a pepptrcorn rent basis whlch Is subject to lease and ConCt. The centre also has good relationships with many organisations In the town and expanding these connethons. In partl¢ular, contacts wlth the Rye Museum, the Rye Harbour Nature ReseNe and the Chamber of Commerce have been estsblished with a vièw to working together for the benefft of Rye In the re, partlculaAy In the area of tOusm. REFERENCE AND ADMINisfRATIVE DEfAILS Regist•r•d Company number CE20714 (England and Wales) Registered Charlty number 1187978 Page 3
RYE HERITAGE CENTRE REPORT OF THE TRUSTEES VOR TME YEAR ENDED 1ST APIUL 2024 R¢gi$ternd office The Old Sail Loft Strand Rye East Sussex TN31 7AY Trurtees Mr C R Hoggart Chair Mr 5 1 Blattman Mr R A Sperrlng Or A T B Klmber [Igned 281612023} Ms S R Sherburne Ireslgned 191912024) MrMWEve Mr M T Blincow Mr I Walker Trustee (appolnted 2811112023) Company 5ecretsry DrA T B Klmber Independent Examiner Glbbons Mannlngton & Phlpps LLP Charted Accountsnts Landgate Chambers 24 Landgate Rye East Sussex TN31 7U Iiliitr, Approved by order of the board of trustees on .,....,.,.................................. . and signed on Its behalf by: Mr C R Hoogart- Trust Page 4
INDEPENDENT EXAMXNER'S REPORT TO THE TRusfEES OF RYE HERAGE CENTRE Independent examinerfs report to the trustees of Rye Heritag0 Centr• ('the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 1st Aprll 2024. Responsibiltties and bas15 of rèport As the charity's tnJstee5 of the Company {and also its directors for the purposes of company law) you are rtsponslble for the preparauon of the accounts In accordance wlth the requlrements of the Companles Art 2006 ('the 2006 Att'l. Havlng sausfted myself that the accounts of the Company are not requlred to be audited undÈr Part 16 of the 2006 Art and are eliglble for Independent examlnatlon. I report In respect of my examinatlon of your charlty's accounts as carried tsut under Section 145 of the Chat1tles Act 2011 lhe 2011 AcV}. In carrying out my examlnatlon T have followed the Dlrertlons glven by the Charlty Commls51¢n under SOn 145{5) {b} of the 2011 Act. Independent examiner's statement I have completed my examlnauon. l ¢onfim) that no matters have come to my attertlon In connectlon wllh the examlnatlon glvlng me cause to belleve.. accounting records were not kept in spect tsf the Company as requlred by Secbon 386 of the 2006 Act; or the atcounts do not accord with those retords,. or the accounts do not comply wh the accounung requirements ol Secuon 396 of the 2006 A¢t other than any requirement that the accounts give a true and falr view whlch Is not a matter considered as part of an Independent examlnatfjon; or the accounts have not been prepared in accor(jan with the methods and prfnciples of the Statement ¢f Recommended Prathce ft)r a¢countino and pong by charltles {appllcable to chartues prepamng their accounts in accordance with the Financial Reporting Standard Jpplicable in the UK and Republlc ¢f [laThd IFRS 102)). I have no concems and have come across no other matters in conneLtion with the ex4minatipn to which attentlon should be drawn in thls report In or¢Jer to enable a proper understsnding of the accounts to be reached. Mr Davld Ashby Glbbons Mannln9ton & Phipps LLP charte Accountsnts Landgate Chambers 24 Landgate Rye East Sussex TN31 7U Date. ...?. l ! l.T5 Pa9e 5
RYE HERrrAGÉ CENTRE srATEMENT OF FINANCIAL AcmiiTIES POR THE YEAR ENDED Isr APRIL 2024 2024 Total funds 2023 Total funds Unrestrlcted Restrfctsd fund fund Notes INCOME AND eNDOWMENTS FR014 Oon3t)on5 and le9ades 9,917 9.917 7.048 Charitable •ctivities Education 815 815 15,441 Other trading art5vIe5 Investment income 50,625 45 50,625 46,543 22 Total 61.402 61,402 69,054 EXPENDITLIRE ON Raising funds 36,939 36,939 37.684 Charitable artivitieg Educatlon Shop Activty 14,133 7,269 21,402 6,464 23.608 Totsl 57,536 7,269 64,805 61,292 NEf INCOMEI(EXPENDITURE) 3,866 (7.269) (3.403) 7,762 RECONCILIATION OF FUMDS Total funds brought forward Ilfj85 21193 14,431 TOTAL FiINDS CARRIED FORWARD 13,374 5,416 18,790 22.193 The n¢Jtes fom part (l these financk31 statents
RYE HERZTAGE CENTRE BALANCE SHEET Isr APRIL 2024 2024 Total fvnds 2023 Total funds Unre5trlcted Resirfcted fund fund Notes FJXED ASSErs Tangible assèts 1,625 035 3,660 2.167 CURRENT ASSErs Stocks Cash at bank io 1,500 12,941 ¥500 16.323 1.500 21.218 3,382 14,441 3.382 17,823 22.718 CREDXTORS Amounts falling dve within one year li (I692} {1) {¥693) (2,692) MFf CURRENT ASSETS 11,749 3.381 15.130 20,026 TOTAL ASSETS LESS CURRENT UAUTIEs 13,374 5.416 22.193 NET ASSErs 13,374 5,416 18,790 22,193 FUNDS Unre5trlcted funds Resirlcted funds 12 13,374 5.416 9,508 12,685 TOTAL FUNDS 18,790 22,193 The Charable company Is entliled to exempkn from audlt under Sertlon 477 of the Companles Att 2006 for the year ended 1st Apiil 2024. The members have not requlred the company to obtsin an audlt of Its tlnanclal statements for the year ended 1st April 2024 in ac¢or(lance with Sertion 476 of the Companles Act 2006. The trustee5 acknowledge thelr responslblllUes for (a) ensurfng that the charltable company keeps accounung records that compty wth Se¢tlon$ 386 and 387 of the Companles Art 2006 and preparfng financial statements whlch glve a true and falr vlew of the stste of affalrs of the chadtsble company as at the end of each finanoal year and of Its surplus or deficit for ead) financfjal year In accordance with the requlrements of Sectlon5 394 and 395 and whlch OtheIse comply wlth the requ1Ments of the Companies Att 2006 relan9 to financlal ststements, so far as appllcable to the char(tsble company. (b) The note5 forrn part of these finandal siatements Page 7 conNJed...
RYE HERITAGE CENTRE BALANCE SHEEf- wntinued Isr APIUL 2024 These financlal ststements have been prepared In accordance with the provislons applicable to charitsble ry>rnpanies 5ubjert to the small companies re9ime. The nanclal statements were approved by the Board of TNstees and authorised for issue on 21,/.1./.l.f.,,,.... . and were slgned on bts behalf by: Mr C R Hoggart- trustee The notes fomi pJrt gf ttRse fIn¢1?1 statements Pa9e 8
RYE HERrrAGE CEvfRE NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDEO 1ST APRIL 2024 ACCOUNTING POLlaES Basls of preparlng the financial statèm•nts The financial statements of the charftable company, whlch Is a publlc benefit entlty under FRS 102, have been prepared In accordance wlth the Charfues SORP {FRS 1021 'Accounting and Reporbng by Charltles.. Statement of Recommended Prath applicabte to charftles preparing thelr accounts In accordance wlth the Nnanclal Repong Standar(l applicable In the UK and Republic of Ireland IFRS 102> leffectyve l January 2019),. Financial Reportlng Stsndard 102 The Flnancial Reportlng Standard applicable in the UK and Republlc of Ireland, and the Companles Act 2006. The financial statements have been Fyepared under the historical c05t convention. Inubme All Income Is recogni5ed in the Ststement of Flnanclal Acdvltles once the charlty ha5 entmement to the funds, It Is probable that income wlll be received and the amount can be measu relSably. Expendlture Llabllle5 are recognlsed as expendlture as soon as there Is a legal or construrtlve obllgatlon commitkn.ng the charfty to that expenditure, It Is probable that a transfer of economic benellts wlll be ulred In settlement and the amount of the obllgatbon can be measured reliably. ExPendUre 15 accotsnted for on an accrua15 bast5 and has been classified under headings that aggregate all cost related to the category. Where costs cannot be dirertly attributed to pa(ular headings they have been allocated to actlvltles on a basLs consistent wlth the use of resources. Tangible fixed a$t$ Depretiatlon Is provlded at the followlng annual rates In order to wrlte off each asset over its e5Umated usefvl life. Plant and machlnery 25% on reduclng balan stock5 are valued at the lower of cost and net rea115able value, after maklng due allowance for obsolete and slow movlng Items. T•x•tion The charity is exempt from corF)ratlon tax on Its charftable acUvltle5. Fund accounting Unrestrlcted funds can be used in accordan with the charltsble objecuves at the dlscretlon of the trusteeg. Resthrted funds can onty be used for particular restrfcted purposes wlthln the objects of the charity. Restrictions ase when 5peufied by the donor or when funds are ralsed for pafbtular restrlcted purposes. Further explanation of the nature and purpose of eath fund Is Included In the notes to the financlal stements. Hlre purthjw and leasin9 commitments Rentsls pald under operating leases a charged to the Staternent of Flnanclal Artlvltles on a straight Ilne ba51s over the perlod of the lease. Page 9
RYE HEIUTAGE CENTRE NOTES TO THE FINANCIAL sfATEMENTS- contlnued FOR THE YEAR ENDED 1ST APRIL 2024 OTHER TRADING ACTIVITIES 2024 2023 Shop income Commission 50,202 423 46,543 50,625 46,543 INVEsfMENT IP4COME 2024 2023 Deposit account Intwest 22 RAISING FUNDS Other tradlng •¢tivities 2024 2023 Openlng stock Purchase5 Cl¢sing stock Stsff costs Repairs & Maintenance Rates an¢J Water Insurance Ught and Heat Telephone Post and Stationary Advertlslng Commlsslon Interest payable and slmllar charges ¥soo 16014 (I,soo) I111 I,S32 820 12,316 {1,500) 10.750 8,986 1.074 1,357 1,779 694 350 1,015 858 502 1.365 43 36,939 37,684 I•Ef INCOME/(EXPENDrnIRE) Net income/(expEndibJre} is stated after chargIngl(clting)', 2024 2023 Depredauon . owned assets Other operaong leases Indepèndent Examlners fee 1,219 722 960 1,150 P•3e 10 continued...
RYE HERITAGE CEPRE NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnued VOR THE YEAR ENDED 1ST APRIL 2024 TRusfEES' REMUNERATION AND BENEFITS There were no trustees, remUneraOn or other benefits for the year ended 1st April 2024 nor for the year 1st Apr(12023. Trustees. expenses There were no trustees. expense5 pald for the year ended 1st Aprfl 2024 nor for ihe year ended 1st Aprll 2023. STAFF cosrs The average monthly number of employees during the year was as follows: 2024 2023 Manager NO employees recdved emolurnents in excess of £60.000. COMPARATZVES FOR THI STATEMENT OF FINANCIAL ACTIVrnES Unrestrfcted hjnd Restricted fund Total funds INCOME AND ENDOWMEIITS FROM Donations and legades 7,048 Charitsble activitits Education 441 15,000 15.Hl Other tradlng artovltles Investment income 46,543 22 46.543 22 T¢)tal 54,054 15,000 69.054 EXPENDITVRE ON Ra15ing funds 37,684 37,684 Charitable actlvlll•s Educatoon 17,793 5.815 23,608 Totsl 55,477 5.815 61,292 NIT INCOMEI(EXPENDmiRE) 11,423) 9.185 7,762 RECONCIUATION OF FUNDS Total funds brought foThvard 10,931 3,500 14.431 TOTAL FUNDS CARRIED FORWARD 9,508 12.685 22.193 Page 11 contlnued...
RYE HERITAGE CENTRE NOTES TO THE FINANCIAL sfATEMENTS - continy•d FOR THE YEAR ENDED Isr APIUL 2024 TANGIBLE FIXED ASSErs Rye Town Model Plant and mathinery Totals cosr At 2nd Aprll 2023 AddlOn5 3,851 2.712 3,852 712 At 1st Aprll 2024 6,563 6,564 DEPRECIATION At 2nd Aprfjl 2023 Charge for year 1,68S 1,219 1,685 1.219 At 1st April 2024 191M NEf BOOK VALUE At 1st Aprfl 2024 3.659 3,660 At 1st April 2023 2,166 2,167 Rye Town Model - See Note 13 io. STOCKS 2024 2023 Stocks 1,500 1,500 11. CREDITORS: AMOUNTS FALUNG DUE wrrHIN ONE YEAR 2024 2023 Soclal securlty and other taxes Other ¢redliors rued expenses 1,728 1.728 960 960 1693 2,692 12. MOVEMENT JN FUNDS The tCted fvnd wresents grants rttaved for specific purposes. Page L2 ¢ontlnued...
RYE HERITAGE CENTRE NOTES TO ThE PIMANCIAL STATEMEpifs- ¢ontinu•d FOR THE YEAR ENDED 1ST APRIL 2024 13. RELATED PARTY DISCLOSURES There were no rdated party transattions for the year ended 1st Ap1 2024. 14. RYE TOWN MODEL On l Apiil 2020 Rye Heritage Centre CIO purchased the Rye Town Model from Rye Town Councll for the nomlnal fee of £1.00. Under the terrns of the purchase Rye Herltage Cefitrè CIO agreed that should the CIO cease to opet7te in the future, Rye Town Coundl has the first refLtsal to purchase the Rye Town Model for the £1.00 nominal fee. The Rye Town Model Is shown within a separate asset category at ivs nomlnal value of £1.00. 15. REKr On l April 2020 Rye Heritage Centre CIO entered a lease agreement with Rye Town Councll to rent the Herltage Centre bulldlng on a peppercorn rent basls at the nominal annual fee of El.00. This agreement Is for the term of 5 years and will be re negotiated at the end of the lease. Page 13
RYE HERITAGE cElRE DEfAILED sfATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED Isr APIUL 2024 2024 2023 INCOME AND ENDOWMENTS Donations and lga¢l DOnaonS 9,917 other trndlng actlvltles Shop Sncome Commlsslon 50,202 423 46,543 50,625 46,543 Inv•stment Income Deposit account Interest 45 22 Charitable activities Grants 815 15,441 T¢)tal incoming resoyr¢•s 6¥402 69,054 EXPENDITURE Other trpding xtivitie Operbing Stock Shop Purchases & Equipmènt Ticket Fees Wages Repairs & Maintenjnce Rates and Water Insuran Llght and Heat Telephone Post and Stauonary Advertising Commission HMRC interest Closlng stock 1,500 13,713 3,101 11,811 532 820 9.675 2,641 10,750 8,986 1.074 1.357 1.779 694 350 1.015 858 502 L365 400 43 (1,500) (1,500) 36.939 37.684 Charltable actMtI•s Wages Rent Rates and water Insuran Light and heat Telephone Postsge and stationery Carrfed fOard 11,811 10.750 358 452 593 231 350 12,735 736 286 502 13.819 Thks page doe5 not fom part of the ststtjtory financial statements Page 14
RYE HERrrAGE cErRE DEfAILED STATEMEKf OF FINANCIAL AcfIviTXES FOR THE YEAR ENDED Isr APRIL 2024 2024 2023 Charltable artivitie• Brought forward Adverts.ng Sundrfjes Equlpment RepaiTS & MalntenarKe Subscrlptions Waste Dlsposal Donations Travel Printing Projett expenses 13.819 1,365 478 260 3,814 1.509 239 413 12,735 1,015 161 6,81S 754 173 ¥837 1,627 25,609 21.653 Support costs Finan¢e Bank charges Plant and machlnery 83 722 1.219 1.297 805 Governance ¢osts Accountanry fS 960 1.150 Totsl resources expended 64,805 61.292 N¢t {•xp¢nditur•)lincome {3,403) 7,762 Th15 page doe5 not fomi part of th2 5tattrtory finanaal ststements Paoe 15