Bradninch Town Trust Report of the Trustees for the year ending 31 December 2023. Charity number 200847. Current Correspondence Addre55: Springfield, Millway Bradninch Exeter EX5 4NL The Trustees of Bradninch Town Trust present their annual report and independently examined accounts for the year ended 310ecember 2023. The Trust was created by a scheme of 1889 to take over the assets of the former Corporation of the Borough of Bradninch which had been dissolved by the Municipal Corporations Act of 1883. The principal asset was and is the Guildhall ir¢ Bradninch and the principal duty of the Trust is to maintain the Guildhall as a reading room and a place of recreation and assembly for the inhabitants of Bradninch. To this end. the Trustees hire out the various rooms and facilities in the Guildhall for a range of organisations and individuals. These are overwhelmingly used by local residents. The Trustees had regard to the Charity Commission'5 guidance on'Public Benefil. Other assets are= a house which is let on a commercial basis; a small piece of land attached to the Guildhall which is rented as a garden to a neighbour,. an endowment fund held in a portfolio of investment funds and a general fund also held in a portfolio of investment funds. The Trustees of thls Trust are also Trustees of Bradninch Parochial Charities12014961. George Pearse's Educational Foundation13068501 and the Roger Hepburn Educational Foundation13069231. The full complement of trustees is four Representative Trustees who are appointed by Bradninch Town Council and five Co-optstive Trustees who are appointed by the trustees. Trustees for 2023 were.. (Margaret) Jane Webber, Chalr.. Town Council Appointee. Term ended in November. Philip Chambefs, Contact.. Town Council Appointee. Jenny Richards: Co-opted by the Tnjstees. Resigned in June. Martin White.. Co-opted by the Trustees. Resigned in May. Nigel Coveney.. Appointed by Bradninch Town Council Anne Porteus (from 13th June).. Appointed by Bradninch Town Council Ronald Purcell Ifrom 21" July): Co-opted by the Trustees Anthony Richards Ifrom 12 December): Appointed by Bradninch Town Council Sally Livsey Ifrom June 23rd).. Co-opted by the Trustees Jim Buxton Ifrom December Ilthl: Appointed by Bradninch Town Council The Clerk's position was vacant and Trustees shared her responsibilities between themselves (see below).
During this time the Trust did not have an explicit policy on reserves but did maintain a separate account holding funds not involved in the Guildhall lettings income and expenditure which is used for buildin8 repairs where giants cannot bè obtained. An endowment fund is held in an investment account with the aim of providing a small income while maintaining its real value in the long term. Another non-endowment fund 15 held in an investment account with the aim of maintainin8 its value in the long term. Lettings income is returnlng to normal. with regular events including Saturday coffee mornings raising valuable funds for community organisations and some new events. It became clear that the stair-lift was no longer fit for purpose. Planning approval had been achieved in 2022 to upgrade mobility actess, intluding installing a platform lift, 50 It was decided that the lift element of the plans should be brought forward. Until that could be achieved, so as to maintain disability access for the Town Council meeting, a temporary replacement for the stair-lift was installed on a rental basis. I wish to record here my thanks to the trustees Isee the list above) for the work undertsken alongside me as a committed team, all of whom are volunteers, working according to the Governlng Schemes of the Trust. All have given many hours of their time and expertise to great effect. The Russion invasion of Ukraine and other world factors had resulted in very large increases in the cost of Gas and Electricity. These are a substantial part of the cost of runnin8 the Guildhall and the Trust could see at the beginning of the year that the Lettings Account would be in deficit by the end of the year. This made it clear that it would not be possible to appoint a paid Clerk. So, the Trust continued without a Clerk and Phil Chambers continued with finaTr and laptop administration and was on call with practical help: Jenny and Ron ran the on-line lettings system between them and Jenny continued to take minutes alongside other tasks. Nigel continued to assists with working on the lease of the electricity substation site at the rear of the Guildhall and progressing the Trust application for C.l.O. status. Ron oversees heating systems, promotion of the guildhall and lendin8 a practical hand. Anne took the lead in updating policies and took over from Jenny takin8 minutes of monthly meetin85. No small grants were offered to local organisations this year owing to lack of income and upcoming project needs. We rely upon our charitable statu5 and lettings for income, and our policy is to keep Guildhall charges at an acceptable level. The fvture- Towards the end of the year energy prices had started to fall, making the situation for 2024 look less stark. The TrLtStees continue their wish to consult with the community and listen to ideas and comments to improve the facilities and activities at the Guildhall and these can be made as above or to any Trustee. We depend on local support. Thank you to the community of Bradninch for their generous sUPPOrt once again over the last year. We are proud of the service which our Guildhall provides and of the achievements in the past year and we look forward to a successful year ahead.
Signed on behalf of the Trustees: Chair of Trustees
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Report to the trusteesl members of BRADNINCH TOWN TRUST On accounts for the year ended 31 DECEMBER 2023 Charlty no (If any) 200847 Set out on pages I report to the trustees on my examination of the accounts of the above Charity {Ihe Trusf) for th8 year ended 31 December 2023 Responslbllltles and basls of report As th8 charity's trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (Yhe Acr). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying oul my examination, I have follow8d all the applicable Directions given by the Charity Commission under section 145(5Xb) of the Act. Indopondent oxaminor's statement I have completed my examination. I confirm that no material matters have come to my attention in connection wth the examination which gives me caus8 to believe that in, any material respect.. the accounting records were not kepi in accordance with sectson 130 oflhe Charities Acl., or the accounts did not accord with the accounting rerds. or the accounts did not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2CQ8 other than any requirement that the accounts give a 'true and fair. view which is nol a matter considered as part of an independent examination. I have no ncernS and have come across no other matters in connection wilh the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be r8ached. Slgnod: Dato: 30 September 2024 Nam•: Alison Wapke Relevant professlonal quallflcatlon{sl or body (If any): Associate Member of The Insb'tute of Chartered Accountants in England and Wales Membership number. 7311904 Address: 17, Hen Street, Bradninch, Devon EX5 4NR
Town Trust Account Aggregates 2023 R•¢olpts Rents Letbngs Investment Income & Interest Parochial Chath"es Donakn"ons 2022 £8.010.40 £13,844.00 £2.415.79 £1.200.00 £0.00 £0.00 £6.00 £642.62 £332.91 £26.451.72 2023 £8,404.00 £17,419.85 £2,460.50 £1.200.00 £0.00 £0.00 £0.00 £9.003.21 £60.00 £38,547.56 Film Nights Building Project GranlslDonations Other GrantslFundraising Other Total Paym•nts Wages Adrnin Costs £9.586.04 £434.84 £4,418.13 £1.795 65 £6,164.02 £1,791.37 £0.00 £0.00 £175.00 £0.00 £930.63 £2S.295.68 £10.534.50 £786.35 £10.016.23 £2,551.28 £1.776.02 £2.681.52 £0.00 £0.00 £70.00 £2.940.00 £256.06 £31,611.96 Insurance Cleaning & Repairs Properties Maintenance Bar Film Nighls Grants Building Project Wo Other Totsl Receipts 1•88 Payments £1,156.04 £6,935.60
Towo Tryst Schedule of Balances for 2023 Lloyds Current Ac¢ounts Account No. 00552830- Town Trust Charities Opening Balance at Bank: Receipts.. Payments.. Receipts less Payments.. Transfers Froml+lftol-I Investmenrs= Closing Balance at Bank.. £19.264.03 £9,724.50 -£4,480.47 £5,244.03 £0.00 £24.508.06 Other funds within this account.. War Mèmorial Fund S A Morgan Guildhall Upkeep Fund Billiards Fund £506.87 £685.65 £455.78 £182.91 Net Town Trust balarte.. £22.676.85 Account No. 00553055- Guildhall Letting5 Account Opening Balance at Bank: E7,582.22 01 which are Reserves EO.00 Initia5 Working 8alance £7,582.22 Receipts.. £19,844.85 Payments.. -£24.191.49 Total Translers to Reserves £0. Receipts less Payments.. -£4 346.64 Transfers Froml+lltol-I Investments: £0.00 Final Working BalarKe: £3.235 $8 Final Reserves.. £0. C105in8 Balance at Bank..1 £3.235.S8 Account NO. 22738560- Guildhall Bulld1 Project £304.66 Opening 8alance at Bank:] Receipts.. £8,978.21 Payments.. -£2 940.00 Receipts less Payments.. £6.342.87
Town Trust In¥eStThnts for 2023 Town Trust General Fund IParmenion No: PCP358451 Openir4 Balance.. Transfers inl+lloutl.l.' Interest and Capi1 gain.. Interest Drawn Down= Char8es.' aosing Balance". £27.043.34 £0.00 £2.049.30 £0.00 -£332.17 £28,760.47 Town Trust Endowment (Parrnenion No: PCP66011 Opening Balance.. Transfers in1+ll0(_l. Interest and Capital gain= Interest Oiawn Down: Charges= aosing Balancè.. £107,069.02 £o.Do £7.480.28 -£2,400.00 -£1281.77 £110,867.53 Town Trust Amets and Lhibilftbes 2023 Propertles Bradninch Guildhall 8ussell's Orchard IOJubilee Road £1 £1 £300.CJO OtherA$sets None Llabllltles None Oate: Name.. LnAt)S Trustee Date: f / Zcgz Namt: Try5tee