REGISTERED COMPANY NUMBER: CE20714 (England and Wales)
REGISTERED CHARITY NUMBER: 1187978
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1ST APRIL 2025
FOR
RYE HERITAGE CENTRE
Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ
RYE HERITAGE CENTRE
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1ST APRIL 2025
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Page |
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Report of the Trustees |
1 |
to |
4 |
Independent Examiner's Report |
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5 |
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Statement of Financial Activities |
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6 |
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Balance Sheet |
7 |
to |
8 |
Notes to the Financial Statements |
9 |
to |
13 |
Detailed Statement of Financial Activities |
14 |
to |
15 |
RYE HERITAGE CENTRE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 1ST APRIL 2025
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,present their
reportwiththefinancialstatementsofthecharityfortheyearended1stApril2025.Thetrustees have
adoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
ToadvanceeducationforthepublicbenefitinthehistoryandheritageoftheAncientTownofRye by
maintaining a Heritage Centre and organising exhibitions and events.
NothinginthisconstitutionshallauthoriseanapplicationofthepropertyoftheCIOforthepurposes which
are not charitable in accordance with the Charities Act 2011.
Significant activities
Toexhibitthetownmodel,bymeansofalightandsoundmodelshowwhichexplainstheuniquehistory of
the Ancient Town of Rye, by entry fee.
Linked to the model is a timeline of supporting heritage exhibits.
There are sales of related heritage items to add income.
There are related activities such as town walks and other heritage activities to add income.
A programme of digitisation is under way to enhance the heritage value.
There is a schools programme.
Public benefit
The trustees have regard to the guidance on public benefit issues by the Charities Commission.
Volunteers
Volunteers are fundamental to the operation and add value.
Page 1
RYE HERITAGE CENTRE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 1ST APRIL 2025
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
Asinpreviousyears,severalthousandvisitorsfromhomeandabroadhavecometothecentreandmany of
thesepeoplehavewatchedthetownmodelshowillustratingthehistoryofthetownofRye.Further, local
publicityhasmeantthatmanymorelocalsarevisitingthecentre;oftenusingthemodelanditsshow to
introducetheirvisitorstothetownbeforeexploringinearnest.Visitorexperiencehasbeenenhancedby the
addition of hearing loops in the reception area and model show room.
Schoolparties,bothlocalandinternationalhaveonceagainincreasedwithschoolsfromtheEUseeing a
welcomeincreasenowthatthedifficultiescausedbyBrexitaregraduallybeingovercome.Locally,this year
thecentrewasabletooffertwoworkexperienceplacementstostudentsatRye'shighschool-an increase
from last year.
Thetownmodelshowcontinuestobeenhancedwithprojection-mappingnowaddingtothe overall
audio-visualexperience.Thisnewtechnologywasputtogooduseinthedevelopmentofanew"Ryein World
WarII"show.Furtherenhancementshavebeenaddedtothe"Smugglers'Attic"displaymakingthe exhibit
more robust and user-friendly.
Particularlypleasinghasbeentheretentionofalmostallofourhigh-qualityvolunteers,manyofwhom have
widenedthespectrumoftasksthattheyarenowabletoperform.Wealsorecruitednewvolunteersbut, as
volunteers are always required, our recruitment efforts continue.
Theplannedprogrammeofeducationalandentertainingtalksandtowntourshasbeenexpandedaided by
the recruitment of a new, experienced walking tour guide.
The Heritage Centre continues to improve its profile and widen its follower base on social media.
TheHeritageCentrecontinuestobecloselyinvolvedwiththelifeofRyeincludingmanyofthe annual
festivalsandeventsthatthetownputsoneachyear.Forexample,theHeritagecentreorganised and
deliveredacommunityengagementprojectworkingwithRyePlayerstocommemoratethe locally
well-known Fletcher family.
Inlinewithourheritageobjectives,thecentreproducedandpublishedanewhistoricalguidebookto the
townofRye.Additionally,weworkedwithScreenArchiveSouthEasttodigitiseandmakeavailableto the
public home movie footage of local historical significance.
Fundraising activities
Wecontinuetobesuccessfulinraisingfundsfromanumberofindividualdonors,HeritageCentre visitors
and grant-giving organisations although somewhat less so than previous years.
FINANCIAL REVIEW
Financial position
Thetrusteeboardmadeadecisiontoretainaminimumof£5,000asareserve.Thissum represents
overheads and salaries for approximately three months.
AttheyearendtheCIOheldunrestrictedreservesof£29,998andrestrictedreservesof£240.This amount
is sufficient to meet the minimum reserve aims stated above.
Principal funding sources
The charity's principal sources of funds are:
-
income from model shows
-
shop sales
-
walks and talks
-
grants and donations
Page 2
RYE HERITAGE CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 1ST APRIL 2025
FINANCIAL REVIEW
Going concern
Thisisasmallcharitywhichisnotlikelytohavehugereservesofcapitaltocallupon.Nevertheless,we are
confidentthat,throughtheuseofprudentfinancialmanagement,wecanremainsolventandprosper. This
hasproventobethecaseinthisfinancialyearastheavailablefundsoftheorganisationare enhanced
compared to the financial year preceding.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimited company,
limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
Bythetrusteeboardonthebasisoftheirsuitabilityintermsofskillsandexperienceandtheirwillingness to
volunteer for the role.
Organisational structure
The charity is run by a trustee board.
The board formulates policy which is implemented through the employed manager.
The manager organises volunteers to support various aspects of the centre's operation.
Induction and training of new trustees
Therearesometwentypoliciesagreedbytheboardthatserveasguidanceforthemanagerand new
trustees.
Internalandexternaltrainingcoursesaremadeavailableforboththemanagerandnewtrusteesto learn
about particular aspects of their role as required.
Related parties
ThecharityhasagoodrelationshipwithRyeTownCouncilwhichownsthesite.Theboardleasesthe building
on a peppercorn rent basis which is subject to lease and contract.
Thecentrealsohasgoodrelationshipswithmanyorganisationsinthetownandisexpanding these
connections.Inparticular,contactswiththeRyeMuseum,theRyeHarbourNatureReserveandthe Chamber
ofCommercehavebeenestablishedwithaviewtoworkingtogetherforthebenefitofRyeinthe future,
particularly in the area of tourism.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE20714 (England and Wales)
Registered Charity number
1187978
Registered office
The Old Sail Loft
Strand
Rye
East Sussex
TN31 7AY
Page 3
RYE HERITAGE CENTRE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 1ST APRIL 2025
Trustees
Mr C R Hoggart Chair
Mr S J Blattman
Mr R A Sperring (resigned 27/5/2025)
Ms S R Sherburne (resigned 19/9/2024)
Mr M W Eve
Mr M T Blincow
Mr I Walker Trustee
Mrs G Pascall (appointed 25/2/2025)
Independent Examiner
Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.........................................................
Mr C R Hoggart - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
RYE HERITAGE CENTRE
Independent examiner's report to the trustees of Rye Heritage Centre ('the Company')
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
1st April 2025.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16of the
2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').Incarrying out
myexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionunderSection145(5)(b) of
the 2011 Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnection with
the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
Mr David Ashby
Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ
Date: .............................................
Page 5
RYE HERITAGE CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1ST APRIL 2025
Unrestricted
Restricted
fund
fund
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3,225
-
Charitable activities
Education
30,944
2,676
Other trading activities
2
32,977
-
Investment income
3
56
-
Total
67,202
2,676
EXPENDITURE ON
Raising funds
4
29,238
-
Charitable activities
Education
22,890
2,128
Shop Activity
4,174
-
Total
56,302
2,128
NET INCOME/(EXPENDITURE)
10,900
548
Transfers between funds
12
5,724
(5,724)
Net movement in funds
16,624
(5,176)
RECONCILIATION OF FUNDS
Total funds brought forward
13,374
5,416
TOTAL FUNDS CARRIED FORWARD
29,998
240 |
2025
Total
funds
£
3,225
33,620
32,977
56
69,878
29,238
25,018
4,174
58,430
11,448
-
11,448
18,790
30,238 |
2024
Total
funds
£
9,917
815
50,625
45
61,402
36,939
21,402
6,464
64,805
(3,403)
-
(3,403)
22,193
18,790 |
|
|
|
The notes form part of these financial statements
Page 6
RYE HERITAGE CENTRE
BALANCE SHEET 1ST APRIL 2025
Unrestricted
Restricted
fund
fund
Notes
£
£
FIXED ASSETS
Tangible assets
9
8,204
1
CURRENT ASSETS
Stocks
10
1,500
-
Cash at bank
21,993
240
23,493
240
CREDITORS
Amounts falling due within one year
11
(1,699)
(1)
NET CURRENT ASSETS
21,794
239
TOTAL ASSETS LESS CURRENT
LIABILITIES
29,998
240
NET ASSETS
29,998
240
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS |
2025
Total
funds
£
8,205
1,500
22,233
23,733
(1,700)
22,033
30,238
30,238
29,998
240
30,238 |
2024
Total
funds
£
3,660
1,500
16,323
17,823
(2,693)
15,130
18,790
18,790
13,374
5,416
18,790 |
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006 for
the year ended 1st April 2025.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
1st April 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 7
RYE HERITAGE CENTRE
BALANCE SHEET - continued 1ST APRIL 2025
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
.............................................
Mr C R Hoggart - Trustee
The notes form part of these financial statements
Page 8
RYE HERITAGE CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1ST APRIL 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS
102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicableintheUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements
have been prepared under the historical cost convention.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementto the
funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have
been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.
Plant and machinery- 25% on reducing balance
Stocks
Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowance for
obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
Hire purchase and leasing commitments
RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesona straight
line basis over the period of the lease.
continued...
Page 9
RYE HERITAGE CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 1ST APRIL 2025
2.
OTHER TRADING ACTIVITIES
Shop income
Commission
3.
INVESTMENT INCOME
Deposit account interest
4.
RAISING FUNDS
Other trading activities
Opening stock
Purchases
Closing stock
Staff costs
Repairs & Maintenance
Insurance
Light and Heat
Telephone
Post and Stationary
Advertising
Commission
Card processing fees
Computer costs
5.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Other operating leases
Independent Examiners fee |
2025
£
32,977
-
32,977
2025
£
56
2025
£
1,500
9,105
(1,500)
10,762
1,192
1,557
3,190
877
400
866
-
1,011
278
29,238
2025
£
2,734
1
1,200 |
2024
£
50,202
423
50,625
2024
£
45
2024
£
1,500
16,814
(1,500)
11,811
1,532
1,448
2,209
858
502
1,365
400
-
-
36,939
2024
£
1,219
1
960 |
|
|
|
continued...
Page 10
RYE HERITAGE CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 1ST APRIL 2025
6. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended1stApril2025norfor the
year ended 1st April 2024.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended1stApril2025norfortheyear ended
1st April 2024.
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
8.
Manager
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
9,917
Charitable activities
Education
815
Other trading activities
50,625
Investment income
45
Total
61,402
EXPENDITURE ON
Raising funds
36,939
Charitable activities
Education
14,133
Shop Activity
6,464
Total
57,536
NET INCOME/(EXPENDITURE)
3,866
RECONCILIATION OF FUNDS
Total funds brought forward
9,508
TOTAL FUNDS CARRIED FORWARD
13,374 |
2025
1
Restricted
fund
£
-
-
-
-
-
-
7,269
-
7,269
(7,269)
12,685
5,416 |
|
2024
1
Total
funds
£
9,917
815
50,625
45
61,402
36,939
21,402
6,464
64,805
(3,403)
22,193
18,790 |
|
|
|
|
continued...
Page 11
RYE HERITAGE CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 1ST APRIL 2025
9. TANGIBLE FIXED ASSETS
9. |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
Rye Town |
Plant and |
|
|
|
Model |
machinery |
Totals |
|
|
£ |
£ |
£ |
|
COST |
|
|
|
|
At 2nd April 2024 |
1 |
6,563 |
6,564 |
|
Additions |
- |
7,279 |
7,279 |
|
At 1st April 2025 |
1 |
13,842 |
13,843 |
|
DEPRECIATION |
|
|
|
|
At 2nd April 2024 |
- |
2,904 |
2,904 |
|
Charge for year |
- |
2,734 |
2,734 |
|
At 1st April 2025 |
- |
5,638 |
5,638 |
|
NET BOOK VALUE |
|
|
|
|
At 1st April 2025 |
1 |
8,204 |
8,205 |
|
At 1st April 2024 |
1 |
3,659 |
3,660 |
|
Rye Town Model - See Note 13 |
|
|
|
10. |
STOCKS |
|
|
|
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Stocks |
|
1,500 |
1,500 |
11. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Social security and other taxes |
|
735 |
1,728 |
|
Other creditors |
|
6 |
5 |
|
Accrued expenses |
|
959 |
960 |
|
|
|
1,700 |
2,693 |
12. MOVEMENT IN FUNDS
The restricted fund represents grants received for specific purposes.
Transfers between funds
Thefixedassetspurchasedbythecharityintheyearusingrestrictedfundsdonothave restricted
conditionsattachedtotheirusage,andassuchatransferhasbeenmadetothegeneralfunds to
reflect this.
continued...
Page 12
RYE HERITAGE CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 1ST APRIL 2025
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 1st April 2025.
14. RYE TOWN MODEL
On1April2020RyeHeritageCentreCIOpurchasedtheRyeTownModelfromRyeTownCouncil for
thenominalfeeof£1.00.UnderthetermsofthepurchaseRyeHeritageCentreCIOagreed that
shouldtheCIOceasetooperateinthefuture,RyeTownCouncilhasthefirstrefusaltopurchase the
Rye Town Model for the £1.00 nominal fee.
The Rye Town Model is shown within a separate asset category at it's nominal value of £1.00.
15. RENT
On1April2020RyeHeritageCentreCIOenteredaleaseagreementwithRyeTownCouncilto rent
theHeritageCentrebuildingonapeppercornrentbasisatthenominalannualfeeof£1.00. This
agreement is for the term of 5 years and will be re negotiated at the end of the lease.
Page 13
RYE HERITAGE CENTRE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1ST APRIL 2025
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Shop income
Commission
Investment income
Deposit account interest
Charitable activities
Grants
Model admission
Group bookings
Total incoming resources
EXPENDITURE
Other trading activities
Opening stock
Shop Purchases & Equipment
Ticket Fees
Wages
Repairs & Maintenance
Insurance
Light and Heat
Telephone
Post and Stationary
Advertising
Commission
Card processing fees
Computer costs
Closing stock
Charitable activities
Wages
Rent
Insurance
Carried forward |
2025
£
3,225
32,977
-
32,977
56
2,676
26,650
4,294
33,620
69,878
1,500
9,105
-
10,762
1,192
1,557
3,190
877
400
866
-
1,011
278
(1,500)
29,238
10,762
1
519
11,282 |
2024
£
9,917
50,202
423
50,625
45
815
-
-
815
61,402
1,500
13,713
3,101
11,811
1,532
1,448
2,209
858
502
1,365
400
-
-
(1,500)
36,939
11,811
1
483
12,295 |
|
|
|
This page does not form part of the statutory financial statements
Page 14
RYE HERITAGE CENTRE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1ST APRIL 2025
Charitable activities
Brought forward
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Equipment
Repairs & Maintenance
Subscriptions
Waste Disposal
Ticket Fees
Donations
Travel
Printing
Project expenses
Professional fees
IT costs
Support costs
Finance
Bank charges
Plant and machinery
Governance costs
Accountancy fees
Total resources expended
Net income/(expenditure) |
2025
£
11,282
1,063
292
400
866
139
-
3,953
840
194
3,393
25
-
-
1,464
782
278
24,971
97
2,734
2,831
1,390
58,430
11,448 |
2024
£
12,295
736
286
502
1,365
478
260
3,814
1,509
239
-
413
248
1,837
1,627
-
-
25,609
78
1,219
1,297
960
64,805
(3,403) |
|
|
|
This page does not form part of the statutory financial statements
Page 15