REGISTERED CIIARITY NUMBER.. 1195888 RT TrusrE IAL MENTS THE NDED 3 MUNITY T D.R.E. & Co. Limited Kingsl8TrJ Ho¢ 39 Abbey Foregate Shrewsbury Shropshwe SY2 6BL
PRESTEIG AND IYORTON COMMUNITY TRUST CONTENTS OF TAE FINANCIAL STATEMEN13 FOR THk YEAR Ef4DED JI MARCH 2025 P•gt Report ofthe Trust 1mdepefjdet EJ•mlner'i Report S¢tenKn¢ of F1nAnd•l Attlvll Balnce Sh¢et Nfjtes to tht FIN51 Sttwents 7 to 13 Detlled Statement of FIllCknA Atllwltk¥ 14 to 15
PRES IYE AND NORTON COMMUNTrY usr REPORT OF ThE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The tNsle¢s pres¢oi th¢tr r¢p)rt Trith financial $ts14ynents of the clwity for the year ended 31 March 2025. The ttwstees bave adopted the provEsio8 of Accounting and ReportiDg by Charitie5'. Statetnent of Recomtnended Practi¢e applicabl¢ to charities pw8 their a¢cow¢ts in accord with the FirADciai RetA)rtin8 Sratklard 8pplicable in the UK aDd Republic of Ireland (FRS 102) Icffedivc l January 2019). 0wECTI AND ACTIVITIES Obje¢tlves And xln The pri1p&1 obJ¢¢iives of the Clwity. 88 Sthttyj in its goVerri is prwrrt¢ for the b¢nefit of the itthabilatsts of Pr¢stele and Norton without distinction of se& sexual orien¢8tion. rxe or of F4)litical. rel1u8 or other opinions. by Asso¢iaiing iogether the s8sd inhabiwjts and th¢ lo¢aJ 8uthoriue4 voluntary and other or8anisations in a comnjon effort to advance education arbj to providc facilitscs in the intcrests of social wclfaTe for rerreatioll aThJ otheT Icisure timc QL¢upation$ with lh¢ objects of improving the condttiolls of life of the said inhabitsnts. Also to estsbliih or sccllre the estobli5hmeTrt of ¢onmwrrily ¢¢n¢r¢, 8t 10 matt)rain aDd nwna8e (whether alone or in cooperaiion Rny local authority or per80n orbody) in fimherance of these objec Sllnlfkant ¢¢lvl¢l The ttitsi has overseen the su¢¢e8sthI compleuon of the wiject to adap¢ tk f4)rnv chur¢h a8 4 wrnmunity hub, whi¢h is now Ily operational for the bencfii of local residents. Pllbll¢ benent The InL$tee8 confinn thai tly have con4Jlied with the duty in section 4 of the Ch&rities A 2011 to h8ve due regatxi8 to publi¢ b¢n¢fit 8d publishd by the CharityCommi85iOTL Volunteert The WOTk of the ¢h8rity ts enltrely detrtdejt on volunth¥ atrj plans bave been developeAJ to imyease the volunieer support group. In addiiion io nthnirtg Ihe ¢omMunity h, the Hub MaNa8enxnt Committee h&8 responsibility for villt events including ihe Norton Show and onnl firew di$pl•y. This emb] b¢ll¢r u8¢ of limid resources and secures important incom¢ to F4fegu4rd Hyb $uthin4bility. ACHIEVEMENTS AND PERFORMANCE Chrltble #tdvld The charitys TrMin achievernht has been the cornpleiton of thc project w adapt the fomieT wIle ¢hurch * community hub. and thc SubseqnI openin8 8nd rq>craiion of thc facility for Ihe benefit of thc local Te$idcnts. The hub is ow8ted by A M8n8g¢rtr ¢ommirte¢ a¢ttn8 urnl¢r delept&l authoriry from the Tn. Over th¢ )id th¢ committee has plantd 8TrJ deliveted a wmle ran8e of xfivities and events involvin8 sections of the local community. Including village 88m¢8 ni8hts. and cert& IrKal IM)bby club& coffee rnornÉn8s and Senior lunch¢s. The cornmlty benefits from havin8 a comm1 centre in a village Previoly witknut any public faciliti4 resultin8 ill ater cOnnity c(l$ion 8trMI duced.o¢Ia1 iso181ion. This ptoTr hss 80 secuTrd the future of the hIriC GTle 2 listed builth& FinADcial SItiOn For the pcriiml under review iet011 £33.621. ExFrth of £495IY) was illayred during the year, r¢gJlttyg ill & net OUl80ing of £15.879. The net oulBoill8 ID the year has ellred all of thc 1ct&ry lion WO to the for chlwch building h&s be¢n ompleted. The trust¢4ttied forward £35.775 at 1st Apn"12024. I1ling retsineAI f foroutsranth"ng(aPTlal ¢xp¢nditur6. The trSts fi]ThJs ¢JTried fonvard at 31st March 2025 totsl £19.896.
TEIGNE AND NORTON COMM TRU REPORT OF THE TR FOR TH YEAR E 2025 FINANCIAL REVtEW Prlthclpal funding sources Thc charity's principal souff¢s of ore pttteds from I< a¢tivities atsl ev¢p cL)MMlI1 hire attd individu81 donations. Reservej polley R&serves and keld in oYd¢r to fiJDd the various ak#ivilie5 Inl¢b the ¢IrIry ¢D8ages in sup1 of its objediv¢s. The reseTves totslled £19,896 St 31st March 2025, of £258 retstedto a ffstricted furwj. The tnLst% do Th)t envisy holdw zero fut)ds. Golng toneern Th¢ trustees ar¢ not aw¢ of any un¢¢rt•inties 8iw)th the chwitys ability to continue 46 8 going conccm. The Hub has wid¢ comrnwuty sytqjort Thich has been COL81ent $iiice Lts Offici roeDin& a surtaibI¢ finaTKial plan. FUTURE PLANS Thc chantys main proiert to d&. laption of th¢ fornw chur¢h in Norton •$ * lMmLty hub, has been su¢cess2gJlly deliverd. The charity will continue during the next fina11 star io ¢nBure the establishment. effective mAna8ement And thll up¢ration of the ¢omrnunity hub Othcr optx)rtunities for the chan'ty and surq>ort appmpriate community projects will b¢ k¢pt under review in ¢onsultaurJn with the Town CouDcil. PrlDtlple Rlik8 The principal risks facing the cbtirity ar¢.. - A reduction in comrnunity $UPPOrt - A shortage of aetivc volunteers . Costs of rnttjor restor8tion WO ¢0 the Grade 2 lisd builthn8 STRucfvRE, GOVERNANCE AND MANAGEME Governlng dO¢UDnt The or8ani5alion is a Chritsbl¢ IrtOr)r&ted Organi8atioD (CIO) iwJrp)rnte4 in Septmber 2021, forn1 with the roundation comtituliOIL Reerultwt ad 4PWblntmen¢ of trus¢e Thc Pr¢sleigtLe NortoD Towth Q¥uncil eD Th)minDtc up fow trusts Oth¢r Tn¥t¢¢y Ire nomiD8ted by the Hub Management Conunitt¢e. All new trusttts are requred to b¢ f4miligr with the clrity ¢(A&1'tlOn, the ¢barity5 op¢ratin8 17¢1¢8 the alIty Commission's guidance on the role of trLk5tees. The TnLslces have dele8ated authority for the 0perntir ofthe hub to a cottllnitte¢ which iuclude8 sev¢r81 tnJstec5 to ensure contTnurty. REFERENCE AND ADMINISTIL4TIVE DrfAllS Reglster¢d Charlty Dumber 1195888
srEICNE DNO RF.PORT OF THE TR 'STEES OR HE CH Prin¢ipal #ddre 25 Offas Green NortoTh Prest¢i8oe Powys LD8 2NX Truide R L Bamford A J Vanhuls D A Edwwds C Kirkby J A Refausfe PJISmith CARuby J E Wilding C E Browm (oppointed 8.4.25) C. 8 Refauyse lapp(tinted 8.4.2S) L HaTIiD8-Bow¢ll lapw)ind 22.5.25) Indend¢t ExJDknér D.R.E. & Co. Lirnitcd Chartered A¢¢ountini8 King818nd House 39 Abbey Forega ShTew5bury Shropshirt SY2 6BL Approved by order of the tM)grd of Irt¢ 9 Scpiuntw 2025 aml si on its behalf by. C S kef8u¥8e. Trustee Pag¢ 3
INDEPENDENT EXAMI FREsfEIGNE AN AT TRU N COMMUNITY TRU ESOF Indewident examl•erfs reportts the trtyst¢u of Prestelg•e and P4orton CoMmuDity Tru I rewrt ts) the charity Iruste¢s on w txath1 of tc(Amts of Prethw and NoTfLMJ Community Th1 (th¢ ThtI for the year eded 31 M4rch 2025. RewbNJSbllities and basis of Ttport As the chority trustees of the Trn4 you m Teswible ftff th PEp8rnti of X¢01$ in e0rd wth the requironents of the ChkTklies Act 2011 Cthe Arf). I report in r¢8pcct of ¢xwnITi of the Trusts xcounts carned under S¢¢tion 145 of the Act and in caryillg ot my examiDatson I b&ve follow all applicable Di¥tI{ given by the (kny collmill urth Sx1ioll 145(5Xb) of the A¢L Independent ¢X8miner's sthltiii¢iil I have eornplete41 my ¢xami0otion. l Confirm that rx) matth hav¢ to my tuention in cornx1 with the ¢xaminaiion giving me eawe to belie that In any mfitrTF resL a¢couMiD8 records wtr¢ not ktpt in TW*tof the T d reqyir¢J by se41 )30 of the Act: ( the 8c£ounts do not wtth those r¢¢oTds' the accoutsts do not comply with the gpplir•ble rtyuiyemnts eoTKtztting the form Conte of ac¢(Mmts 5¢L tti the Charities (AC¢rts and Rew)rts) Res1($ 2008 Oth any Rquir¢m¢nl that the a¢u)unts 8ive a tn and fair vi¢w pthich is Dot a Thwlter rA)nsid¢red &% wtof an LDdeFdt ¢K•))in&tion. I have no CotS 8nd have come across no matters in c(rfULedion with the examin0 to attention Should be drawll in this rewrt in ord¢rto ettable a uybjermgQ[ the a)ts to bv reached. Franè45 Nock D.R.E. Co. Limitsd Charted Accountants Kingsland 110$t 39 Abbcy Fore8ate 8hrewsbury Shropshire SY2 6BL 9 Septetnb¢r 2025
STATEMEP4T OF FINATr4CIAL AcrIvrriLs FOR THE 31J25 Tot1 31.3.24 Totsl fjjnds INCOME AND ENI)OWMENTS FROM tkJnatsor and legaeies 12J22 12J22 189,994 (Jh¢T trading activities 21399 21299 4221 Totsl 33th2J J3.621 194.215 EXPENDITURE ON Raising fillMi8 510 Ch•rltable A¢ttvltl Other refjources ¢xp¢nthd 24103 10.741 17S,828 9112 9012 5.736 Tot*1 3&7S9 10.741 19,51KI 182,074 NET comE11£XPENDTfuR) 1S,138) (10,741) (15,) 12,141 RECONCILIATION OF FUNDS Total fund5 brou8ht fo8rd 776 10.999 3S775 23,634 TOTAL FUNDS CARRILD FORWARD 19.038 258 19J96 35,773 Page 5
PRESTEIG RTON COMMUN 31 MARCH 2025 313.25 Total f4nds 31.3.24 To1 funds Uorestricted R¢sILled fijnds No FIXED ASSETS Tangjble assets 11549 IU07 8,723 CURRENT AETs Cuh atbank and in hand &451 9.451 29.451 CREDoRs Amounts falling du¢ withi'n Jtar (lJ62) (i.wJi (2J621 12J99) NET CURRENT Assrrs 27.052 TOTAL ASSETS LESS CURR LIABILITtEs 19.638 258 19,896 35.775 19.638. 258 19.896 35.773 FUNDS Un$trIC(cd fimds Restricted fiLtLd5 19.638 258 24.776 10,999 TOTAL FUNDS 19.896 35,775 The $tht¢m¢nt8 approved by the Bo•rd of Tnthes ttyj tiuthori for issue ott 9 Sepients 2025 aTl rre signed on its behalf by.. C S Rehu8s¢. TnLStee Page 6
STEIGNE A NOR r4oTES FOR T TATEMENrs ENDED 31 PaARCH 2025 ACCOUNTINC POLICILS Bas1$ •( PTeprln¥ the fthaDclAI 8th¢ements The financial stat¢Mts are Prnted in Sttrling 1£). rounded to netresi £1. Prtsk1c and Norton Commuw TnLqt 18 8 Cban'tabk iwratrd organisation (CIO) and its principal address and regtsiervl ¢bxTity nuthr (•n bE foulld within the Repth of the Trustres. All incoox 16 Teco8Di5ed iti th¢ stateIne of Activtli¢8 ow¢ reeeive EXpendire Liabilitics ar¢ r¢co8nised u expukn as soon as thry pwd. Tnglbk lixed 95selS Dcpreci•tion LS prOded 41 th¢ following annual rttes m order to WTite off e4th •wt ovtr its e6ttmated usefvl life. Plant and machinery on cosl TaxA¢lon The charity is ¢xeTrV from thx on its eharitsbk ¥tivities. Fund c¢ourtil UnTestri¢ied fimds can be in accordtrtt vrith the chtiritsble objectivts at dirKTetion of the rNes. Restti¢ted only b¢ used for Te5trithJ within the obj'ects of the Charity. Restrictions FlnDcl81 Instr•Trw4ts The eharity only has fuwKial 85kts and fiw*i81 liabilities of a kind tha¢ qualify B8 bASJ'¢ fi1clai 1n51rum. Basic finatt1 iDstruwts inili•lly reCO8D ai tr¥nsft TAiue and subsequently Me&ra at their settlem•)t waiue. OThER TRADING A1VITIEs 31325 31.3.24 Fwjdraising even 21.299 4.221 continued...
PRESTEI E AND NORTON COMMUN Ust NOTES T FORT IAL STATEMEN75-¢tI•lled I MARC 20 YEAR EIYD RisiBg dond&JbS #nd kgdeB 3iJ25 31.3.24 Sundri&% Support costs 510 510 TRUSTEES, REMUNERATION AND BENEFITS There were no In, remun¢rtition or ots benefits for th¢ year e4thd 31 M4r¢h 2025 )r for the year ended 31 Mareh 2024. Tnutea. expen There were DO trustees, expe4tses pid forthe yEar eDd¢d 31 Match 225 Ror for the Yetled 31 March 2024. COMPARATTVLS FOR THE STATEME1 OF FINANCIAL AcllviTIES Unresm¢te4 Rutricted Total funds INCOME AND ENDOWMENTS FROM DonatiorLg oJK1 legheics 21,994 168,C 189,994 Other trading a1vill 4.221 4221 Tot1 26215 168.( 194.215 EXPENDrruRE ON Rki$in8 funds 510 510 Charlt*ble ActlYJd¢i 9,654 166,174 175,828 Other 3.136 5.736 Total 12254 169.820 182.074 NET INCOMEI(EXPENDrnTRE) Traasftrs behyeen funds 13.961 8,2 (1.820} {8,9021 12.141 Net veMe In flln (10,722) 12,141 RECONCILIATION OF FUNDS Total fi]nds brought forward 1.913 21,721 23.634 TOTAL FUNDS CARRIED FORWARD 24.776 10.999 35.775
STEICNE AND NOR TE TO THF. FINANCIAL STATEMEP4 EAR ENDED 31 MARCH 2 TANGIBLE FED A&SETS Plant and nwchinery COST At l Apnl 2024 Ailditsons Disposals 9,645 5.646 1324) At 31 Maych 2025 14,967 DEPRECIATION At l April 2024 ChSe for ye 922 1338 At 31 March 2023 2.16 NET BOOK VALUE At 31 March 2025 12J07 At 31 Mch 2024 8,723 CREDITORS: AMOUNTS FALLINC DUE w1N ONE YEAR 31J.23 31.324 2a62 2.399 MOVEMENT IY FUNDS Net Trao8fers At 31.3.25 At 1.4.24 in Uirettrlrted General fund Norton c0nmllity Hub 19.169 3.959 (9,097) {4J28) 4228 18,900 738 24.776 (5,138) 19,638 R¢strf¢t¢d Lottery Cotnmunity FuDd Con]munity Fund in Wales {5,741} (soooi 258 11999 (10,741) 258 TOTAL FUNDS 35.T15 {iU79) 19096 Page 9 ¢ontinued...
RESTEIGNE AND NO N COMMUNITY TRusr NOTES TO THE FINANCIAL sfATEME R THE YEAR ENDF.D31 M H 2025 MOVEMENf IN FUNDS. con¢A#ned Net nwTrvement in fijids. irKlud¢d in the above are as follo Incommg Resources expended MovemeDt in fijnds Unre8trkted funds General fimd Norton Commwty Hub 31169 JA52 128,210) 3.959 (9.09TI 321 (A759) 15,138) RextrActed funds Lottery Cojnrnumty Fund CommuDity Fund iti Wale (5,7411 15,7411 Isoo•) 110,741) (10,741) TOTAL FUNDS 33.621 149JIVJ) (IS879) Con4)arallw for mDvemEnt In Net TrAnsfers At 31.3.24 At 1.4.23 Unmtrlcted General Norton COmAlty Hub 1.913 8.354 5,607 8.52 19,169 5,607 1.913 13.961 8.W2 24,776 Restrltted fwid8 The Prestei8ne #nd North TOWD CouneTrl Archiie¢tural Herita8c Fund PAVO M¢redith Beqttest Lott¢ry Community Futtd Moondanee Foundatitin Foyle Foundation Ternc Lod8c MHSOll$ Community Fwid in Wales {3.795) 48 {1205) {1,738) (293) 293 4J53 61 10.124 (4.553) 6.803 (9,422) 1.839 2260 {8651 1702) (1.839) (2260) 5,999 21,r21 (1.820) (8,9)2) 10,999 TOTAL FUNDS 23.634 12,141 35.775 P8ge io
PRESTKIGNE AND NORTON COMMui¥rrY IliUST li IAL ATEMENT MOVEMENI IN FUM)S. condnued Conyarntiv¢ net movement in fimd4 IhXIed in the aboye ate as follo.. IDWIIIID8 R¢wurc¢8 MoVnt in fi]nds unrHtr1rt General fw Norton Cornnnity Hub 11,863 14.352 (3.5091 (8.7451 8.354 5,607 26215 (12254) 13.961 R¢strlded fym The Pr¢sleigt aLMI Norton Towi COWli Architecti&] Heritsge Fwxl Meredith Bequest Lottcry Community Furrft Moorthce Foundation B¢rnard Sunlcy FouThJ4lion Foylc Fout¥Jati¢)n Garfleld WesloD Teme Lodge mOn3 Community Fund ID Wales Rep. Body of chUh in W8les (3,795) (1.738) (4.5531 169.997) 19,4221 (15.000) {5.661) (20.000) 13,795) 48 (4.5531 6,803 {9.422} 1.786 76,8( 15,OC 7.$00 20.000 2.260 10,000 34.654 1.839 2,260 {5.1)00) (34,654) 168,(NX) 1169,820) {1,820} TOTAL FUNDS 194,215 1182,074) 12.141 Pagell
PRESTEIGNE AND NORT co NOTES TO THE FtNANCIAL STATEmE-totiD4ed FOR THE YEAR ENDED 31 MARCH 20 MOVEMEIYT IN FUNDS- fonthled Acurrent year 12 aTKI PTior year 12 llb)nths co]1n is &8 follow?.. Net At 3 1.3.23 At 1.4.23 in fiLT Unrestrlcted funds G¢lleral furtd Norton Cott1ty Hub 1,913 12,313 (3.4W) 4,674 4,228 18,9(X) 738 1.913 8.823 8.902 19,638 Regtrleted fund5 The Prcsteigne and Norton T¢)wn Council Arth'tecDJral Herits8e Fund PAVO Grant Merediih Beque ttcry Comnyjnity Fw Moondance Fowthtion Foyle Foundation 13.7951 (12051 (1,738) (293) 1,690 293 4.553 61 10.124 (4.5531 1.062 (9.422) 1.839 2.260 (865) 1702) (1.839) (2260) 258 21.721 (12.561) (8.902) 258 TOTAL FUNDS 23.634 (3.738) 19,896 Page l2 ¢Othinued...
NE 4IMUNTTY TR NOTLS TO THE FINANCIAL STATRMENTS-tonthued R THE YEAR ENDED 31 PlAR H 2025 MOVEPdENf LN FUNDS- eonti#¥ed A CWTent y¢ar 12 TnthS aThl pnor y¢ar 12 cor]ed Vernnt in fimth. ]lded in the aknve an as follows.. R)ur9 expended Movcment in futMIs Unrestrl¢ted fuDdJ General fw Norton Comttmjnity Hub 44.032 15,804 (31.719) (19294) 12.313 13,490) 59.836 (51.013) 8.823 RestrI¢led IM•ds The Presieign¢ and Norton Town CouD¢il Arclu'tecturai Heritgse Fu1 Meredith Bequesi Lott¢ry COnUnity Fund Mooknrx FOu181]¢)n Bernard Svnley Foundtttion Foyle F(puttiOn Garfield Weston Teme Lodge M&sons Community Fund in Wale5 Rep. Body of Chur¢h in Wales (3.795) (1.7381 {4,553) (75.7381 19,422) (15.000) {5,661) (20.0) 13.7931 48 14.553) 1.062 19.422) 1.786 7A8(K) 15,OLJ) 7.5 20.oc 1260 10.0 34,654 1,839 2,260 (10.000) 134,654) 168.lx (180J61) (12,561) TOTAL FUNDS 227.836 (231,574) {3.7381 The transftr of funds fri)m rtslrictrd fo unTthcied la*S to furwling ¢¢IVed for thc purCht of fiXtt¢S and fittings and rcl4t¢d cosls for the convcT51 of th¢ ehurch and eonllminity hub. REiATED PARTY DISCLOSUKES There no ff18ted prty tran¢118 for ywended 31 March 2025. Page 13
PRE E AND NORTON COMMuNrrY TRUST DETAllD ATEMENT 31 MARCH 2 31.325 31.3.24 INCOME Af4D ENDOWMENTS Dobatlons attd legck• Donations lttcomc- The Hub Grants 3.086 13,408 173.500 .452 3J71 12J22 189,994 Other tradlD8 cdvlths Fundrai5in8 events 21299 4.221 Total Ineomln8 reloure 33ffj21 194215 EXPENDrruRE 8undri¢s sio Otber dI#l ifdvl¢ks Purchases Los5 on sale of thn¥ible fixed asJ¢ts 1.976 Charll•ble *etlvllles T¢lcphone Expenditure . The Hub Archil¢¢i fees MwntCll8n¢c al ryirs Marketin8 fees Dept¢ciatiOD of plant & mPbintry 50 8,732 8.856 157,169 99 922 IOJ49 23,227 512 175.828 Support costs MArtagement Rates and w•tcr 549 2.922 1.751 32 1,942 Lighi and he Postage aDd 8tation¢ry Sutyjries 1.382 1205 647 3.136 Page 14
NE AND NORTON CO DrrAILED STATEMENT OF FtNANCIAL A FOR THE YEAR thDED 31 MARCH 20 31.3.25 31.3.24 Manaeemtnt Govern*nee toits Accountht)cy attd leg81 fe 3.763 2.600 TotAI resources expended 49Jlh) 182.074 Net IexpeDdltUr¢¢0ffje (15J79) 12,141 This page N)t forni orth¢ 5th1ury fiTwKial P15