Docusign Envelope ID: F83C43A4-DEBB-8CE2-8020-24C0677ABF0D
Devon Rural Hub
CHARITY FINANCIAL STATEMENTS
For the period 23 July 2024 to 31 August 2025
Charity Registration Number: 1209262
Docusign Envelope ID: F83C43A4-DEBB-8CE2-8020-24C0677ABF0D
Contents
Trustees Annual Report – Page 1 -2
Receipts and Payments – Page 3
Statement of Assets and Liabilities – Page 4
Notes to the accounts – Page 5
Docusign Envelope ID: F83C43A4-DEBB-8CE2-8020-24C0677ABF0D
Trustees’ Annual Report
Charity Name: Devon Rural Hub Charity Number: 1209262
Principal Address: Amory Building, Cheriton Bishop, Exeter, EX6 6JH
Trustees
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John Albert Thomas Lee OBE DL
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Elizabeth Frances Priest
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Leslie John Heywood
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Rosie Bennett
Structure, Governance and Management
The charity is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission on 23 July 2024. Trustees are appointed in accordance with the charity's constitution and are responsible for the overall governance and strategic direction of the charity.
Charitable Objectives
THE OBJECTS OF THE CIO (OBJECTS) ARE: (1) TO ADVANCE THE EDUCATION AND TRAINING OF YOUNG PEOPLE, IN PARTICULAR THOSE LIVING IN RURAL AREAS OF DEVON IN AGRICULTURE, HOMECRAFTS, COUNTRY LIFE AND RELATED SUBJECTS; (2) TO ADVANCE IN LIFE AND HELP YOUNG PEOPLE, IN PARTICULAR THOSE LIVING IN RURAL AREAS OF DEVON, BY ASSISTING IN THE PROVISION OF: (A) SUPPORT AND ACTIVITIES WHICH DEVELOP THEIR SKILLS, CAPACITIES AND CAPABILITIES, SELF-RELIANCE AND INDIVIDUAL RESPONSIBILITIES TO ENABLE THEM TO PARTICIPATE IN SOCIETY AS MATURE AND RESPONSIBLE INDIVIDUALS; AND (B) RECREATIONAL AND LEISURE TIME ACTIVITIES PROVIDED IN THE INTEREST OF SOCIAL WELFARE, DESIGNED TO IMPROVE THEIR CONDITIONS OF LIFE.
Activities and Achievements
During the period the charity established its governance and operational arrangements and undertook activities in furtherance of its charitable objectives.
Docusign Envelope ID: F83C43A4-DEBB-8CE2-8020-24C0677ABF0D
Financial Review
The charity received donations of £2,545.00 during the period and incurred expenditure of £5,349.42, resulting in a net deficit of £2,804.42. The charity commenced operations with funds introduced by its founders of £24,281.80. At 31 August 2025, cash at bank amounted to £21,477.38 and the trustees are satisfied that the charity has sufficient resources to continue its activities in the foreseeable future.
Reserves Policy
The trustees aim to maintain sufficient unrestricted reserves to meet ongoing commitments and support future charitable activities.
22/06/2026 John Lee
22/06/2026 Les Heywood
22/06/2026 Elizabeth Priest
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22/06/2026
Rosie Bennett
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Docusign Envelope ID: F83C43A4-DEBB-8CE2-8020-24C0677ABF0D
Receipts and Payments Account
For the period 23 July 2024 to 31 August 2025
| Receipts Donations received Total Receipts Payments Legal and professional fees Charitable donations Bank charges Total Payments Summary Total Receipts Total Payments Net movement in funds |
£ 2,545.00 |
|---|---|
| 2,545.00 £ 3,733.92 1,590.00 25.50 |
|
| 5,349.42 £ 2,545.00 (5,349.42) |
|
| (2,804.42) |
Docusign Envelope ID: F83C43A4-DEBB-8CE2-8020-24C0677ABF0D
Statement of Assets and Liabilities
As at 31 August 2025
Monetary Assets Bank current account 21,477.38 Total Monetary Assets 21,477.38
Other Assets: None
Liabilities: None
Docusign Envelope ID: F83C43A4-DEBB-8CE2-8020-24C0677ABF0D
Notes to the Accounts
Note 1 – Basis of Preparation
These accounts have been prepared on the Receipts and Payments basis in accordance with Part 9 of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. These are the first accounts of the charity and cover the period from 23 July 2024 to 31 August 2025.
Note 2 – Introduction of Funds
During the period, unrestricted funds of £24,281.80 were introduced to the charity to support its establishment and charitable activities.
Note 3 – Trustee Remuneration and Expenses
No trustee received remuneration during the period. No trustee expenses were reimbursed during the period.
Note 4 – Related Party Transactions
During the period, the trustees transferred unrestricted funds of £24,281.80 to the charity. These funds represented monies previously held in the Vice-Patron account for the benefit of, and in anticipation of establishing, the charity. No amount was outstanding at the year end.
Other than this transaction, there were no related party transactions requiring disclosure.
Note 5 – Restricted Funds
The charity held no restricted funds during the period.
Note 6 – Comparative Figures
No comparative figures are presented as these are the charity's first financial statements.