COMPANY REGISTRATION NUMBER: 00787389 CHARITY REGISTRATION NUMBER: 245611 Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Unaudited Financial Statements 31 July 2024 HAINES WATTS Enterprise House Timbrell Street Trowbridge Wiltshire BA14 8PL
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Financial Statements Year ended 31 July 2024 Page Directors, annual report (incorporating the directorfs report) Independent examiner's report to the directors Slatemenl of financial activities linclud ing income and expenditure account) Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Detailed slatemenl of financial activities 14 Notes to the detailed statement of financial activilies 15
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Directors. Annual Report (Incorporating the Directorfs Report) Year ended 31 July 2024 The directors. who are a150 the direclois for the purpc>ses of company law, piesenl their report and the Ljnaudiled financial slalements ol the charity lor the year ended 31 July 2024. Reference and administrative dètai15 Registered charity name Bradford on Avon Preservation Trust Limited Charity registration number 245611 Company registratlon number OC1787389 Principal offlce and registered Silver Street House office Silver Slieel Bradford On Avon Wittshire BA15 1JY England The directors Mr R Floyd (Honoraryl (Presidenti Mrs P J Balas Mr A W Eberlin Mrs F R Nevin Mr5 R Ma¢gregor Ms K R Larard Mr J E Potter Mrs K M Nicholls Mr D Willshire (Htsn Treasurerl Mrs S M Heselton Mrs G l Livingslone IAppointed 7 December 20231 IAppointed 7 Decembei 20231 Independent examiner Mr Matthew Porter FCA Enterprise House Timbrell Street Trowbridge wIshIre 8A14 8PL
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Directors. Annual Report (Incorporating the Director's Report) {¢ontinue<ll Year ended 31 July 2024 Structure. govemance and management The trustees present their report and the financial statements for the year ended 31st July 2017 The financi815talemenls have beèn prepared lo comply with company law, the reqLJirements of the Trust's conslrtulion and with the requirements of the Statement of Recommended Practice for Charities 2015. Corporate Governance Bradlord on Avon Preservation Trust Limited was incorpoiated in 1983 under the Companies Acts. It Is limited by guarantee and rts regulations are those set out in ils Memorandum and Articles ol Association. It Is also registered as a charity with the registration number 245611. Ils day to day governance is by Council of Management ICOMI, the members of which act as both directors ol the company and Iruslees. Under the regulations, membership of the Council of Management is limited to a maximum ol 14 all ol whom musl be members of the TTUSI and musl indicate in writing their willingness to serve. Appointment Is by election at an Annual General Meeting A third of the COM is required to retire by rotation each year but retiring members can, If they so wish. offer themselves lor re-election Between AGMS the COM has the power to co-opt members to the COM but such Go-opted members must offer themselves lor election al the next AGM following their co-oplion if they wish to continue. On Some subjects the COM is supported and advised by a wmmittee of members specialising In that partitular area bul apart from day lo day matters of a routine nature all major decisions are taken by the COM. All committees of member5 musl include a member of the COM. Trust ObjeIVeS The objec15 of the Trust are sel gul in Its Memorandum of Association. The core objecls may be summarised as.. To maintain. foster and encourage the particular character and the scenic, historic and architectural values of buildings and land in the town of Bradford on Avon in the county ol Willshire and the area adjacent thereto and lo ensLJre and promote the Integration of new bLJildings In the area. To promDte the education ol the public by assisting In the provision and èxhibition to the public of artefacts relating to the hi510ry of the area. Risk Assessment The trustees regularly review the major risks lo which the ¢harty is exposed and believe that main181ning the charity's free reserves at the current level, combined with the annual review of the controls over financial Systems. will provide 5ufticient resources in the advent of conlinuÈd adverse conditions. The trustees have also examined the operational and business risks which the Trust might face and confirm that they have established systems to mitigate and significant risks where they may exist. Organisational Structure The Board of Trustees meets as required and appoints committees as and when appropriate lo address specrfic issues. Delegated authority is given lo the approved committees lo carry out their functions. Public Benefit In planning our eclivilies for the period we kept in mind the Charity Commission guidance Dn public benefit at our Iruslee meetings. The objectives of the Trust are aimed at maintaining and enhancing the architecluial andlandscapè attractions of 8radford on Avon and the surrounding area. for the
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Directors, Annual Report Ilncorporating the Director's Report) l¢ontinu6dl Year ended 31 July 2024 benefit Df all who live 01 visit there, now and in the future.. and al helping the publi¢ lo find out about and enjoy that heritage. Rèserves Policy In pursuance of the main objective ol the Trust, the COM Is aulhorised lo purchase or otherwise acquire land and buildings ol historic or archileclural value. In order to achieve this, the Tru51 needs lo m81nlain reserves sufficient tts lacililate purchase of such properties al short ntslice. In addition, income from these res&rves 15 ulilised for the maintenance of existing properties and for promotion of the Trust'5 Other principal objective concerning education of the public by assisting the provision and exhibition of artrfacts relating to the history of the aiea. Investment Policy The charity's excess funds have historically been held in 8 Reserve Account with the charity's bankers. The CLJrrenl account Is regularly reviewed and any funds not needed In thè short term are invested in the long-lerm, higher Interést, businesslreserve a¢¢ount. Financial review The lolal incoming resources for the year ended 31st July 2024 amounted lo £70.368. The lolal expenditure during the year amounted lo £59.540. The surplus for the year amounted to £10,828. Nel assets al th& ènd of the financial period amounted 10 £727,815 held In unrestricted reserves together with £10,790 held in restrict&d re5eNes. Frèe reserves al the year-end lunreslrieted reserves not represented by fixed assetsl amounted lo £36Ql,272. Small company provisions This report has been prepared in accordance with the provisions applicablè lo companies enlilled lo the sm811 companies exemption.
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Directors. Annual Report {Incorporating the Director's Report) {¢ontinued) Year ended 31 July 2024 The directors, annual report was approved on 5 December 2024 and signed on b&half ol the board of Iruslees by. Mr D Vvillshire IHon Treasurer) Director
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Independent Examiner's Report to the Directors of Bradford on Avon Preservation Trust Limited Year endèd 31 July 2024 I report lo the directors on my exarninalion of the financial slalemenls of Bradlord on Avon Preservation Trust Limited I'the charrty'l for the year ended 31 July 2024. Re$ponsibilitie5 and basis of report The Iruslees are also the directors of the company for the purposes of eompany law are responsible for the preparation ol the financial slatetllen15. The Iruslees consider that an audrt is not required lor this yèar under section 144121 of the Charities Act 2011 Ilhe 2011 Act) and that an Independent examination is needed. Independ¢nl gxarniner's statement I have completed my examination l confirm that no matters have come to my allenlion In connèction with the examination giving me cause lo believe.. accounting records were not kept respect of the charity as required by Section 386 of the 2006 Act.. or the financial slalemen15 do not accord with those records", or the financial slalements do not comply with the accounting requirernents o15eclion 396 91 the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part tsf an independent examination., or the financial slalernenls have not been prepared In accordance with the methods and prin¢iple5 01 the Slalemenl of Recommended Practice for accounting and reporting by chaiilies applicable to charities preparing their accountg in accordance with the Financial Rèporting Standard applicable In the UK and Republic of Ireland IFRS 1021. I have no concerns and have eome across no othei matters in connection with the examin8lion to which allenlion should be drawn In this report in order to enable a proper understanding of the accoun15 to be reached. Mr Matthew Porter FCA Independent Examiner Enlsrpriso Housè Timbrell Street Trowbridge Willshire BA14 8PL 13 February 2D25
Bradford on Avon Preservation Trust Limited Company Limited by Guaranteo Statement of Financial Activities (including incomè and expenditure account) Year ended 31 July 2024 2024 Reslricled funds Total fund$ 2023 Unreslricled funds Total funds Not8 In¢ome and endowments Donations and legacies Other trading activities Investment in¢offle 5.431 152 62,785 2,000 7,431 152 62,785 3.830 48,257 Total income 68,368 2.000 70,368 52,087 Expenditur& Expen(lilure on raising funds.. Costs of raising donations and legacies Expenditure on charitable 8elivilies Total expenditure 2.666 56,874 59,540 2,666 56,874 2.276 60.078 59,540 62,354 Nèt in¢omellexpenditurel and net movement in funds 8.828 2,000 10,828 110.2671 Reconciliation of fund$ Total funds brought forward Total funds carried fopNard 718,987 8.790 727,777 738,044 727,815 10,790 73B,605 727.777 The statement ol finanGi81 activities Includes all gains and losses recognised in the year. All Income and expenditure derive from continuing aclivilies. The nL>te5 on page5 8 to 12 form part of these fJnan¢lal statements.
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Statement of Financial Position 31 July 2024 2024 2023 Notg Fixed assets Tangiblè fixed assets 12 367,543 374,865 Current assets Debtors Cash at bank and In hand 13 7,548 380,680 6,666 356,831 388,22B 363,497 Creditors.. amounts falling dug within one year Net current assets 14 17,166 10,385 371,062 353,112 Total assets lèss current liabilitie5 738,605 727.777 Net assets 738,605 727,777 Funds of the charlty Restricted funds Unrestricted funds 10,790 727,815 8.790 718,987 Total charity funds 15 738.605 727.777 For the year ending 31 July 2024 the charity was entitled lo exemption from audit under section 477 of the Companie5 Act 2006 relating ta small companieg. Directors, respon5ibililies.. The members have not rèquired th@ company to obtain an audit of ils financial statements for the year in question In accordance with section 476, The directors acknowledge their responsibilities for¢omplying with the requirements of the Act with respect lo accounting records and the preparation of financial statements. Thèsè financial slalemenls have been prepared in accordance with the provisions applicable lo companies subject to the small companies, regime. These financial slalemenls were approved by the board of trustees and aulhorised for issue on 5 December 2024 and are signed on behalf ol the board by.. Mr D Willshire (Hon TreasLJreil Director The note5 on pag95 8 to 12 form part ol these finonclal statements.
Bradford on Avon Preservation Trust Limited Company Limited by Guaranteè Notes to the Financial Statements Year ended 31 July 2024 General information The charity is a public benefit enlily and a private company limited by guaranlee, registered in England and Wale5 and a registered charity in England and Wales. The addres5 Of the registered office is Silver Street Housè, Silver Street, Bradford On Avon, Willshire. BA15 1 JY. England. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable In the UK 2nd the Republic Df Ireland,, the Slalemenl of Re¢ornmended Practice applicable lo charities preparing their accounts in accordance with thè Financial Reporting Standard applicable In thè UK and Republic ol Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Companies Act 2006. Accounting policies Bas12 tst pr•paration The financial statements have been prepared on the historical cost basis. as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The Financial slalemenls are prèpared in sterling. which is the functional CLJrren¢y of the entity Going concern There are no material uncertainties about the charity's abilty lo continue. Tangible assets Tangible assets are initially recorded al cost, and subsequently slated at cost less any accumulated depreciation and impairment losses. Depre¢iation Depreciation is calculated so as to write off the cost or valuation of an asset. less Ils residual value. over the useful economic life of that asset as follows". Freehold property Fixtures and fittings 2°/0 Straight line 2Q°/4 reducing balance Donations and legaci&$ Unreslri¢led Funds Restricted Total Funds Funds 2024 Donations Donations 3,128 2,000 5,128
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Notes to the Financial Statements {conUnued) Year ended 31 July 2024 Donations and legacies ieontinuqoj Unre51ricted Funds Restricted Total Funds Funds 2024 Subscriptions Subscriptions 2,303 2,303 5.431 2.000 7.431 Othèr trading a¢tivities Total Fund5 Total Fund5 2024 2023 Fundraising events 152 Investment in¢ome Total Funds Total Funds 2024 2023 Incorne from UK properties Bank Interest 48,633 16,152 39.355 8,902 62.785 48,257 Costs of raising donations and lègacies Total Funds Total Funds 2024 2023 Publicity and Guardian Angel Magazine costs 2,666 2,276
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Notes to the Financial Statements IcontynueLI) Year ended 31 July 2024 Net incomellexpenditurel Net Incomèllexpenditurel is slated after chaigingllcredilingl. 2024 2D23 Deprecialitsn of tangible fixed assets (Profit) / loss on disposal of fixed assets 7.122 7.131 11.7171 IndÈpendent examination fees 2024 2023 Fees payable lo the independent examiner for. Independent examination DI the financial statements 1,075 995 10. Staff costs The average head count of employees during the year was Nil12023". Nill. 11. Trustee remuneratlon and expensès No salaries or wages have been paid to employees, including members of the committee, during the year 12. Tangible fixed assets Priory Bain and Cottage Silver Street Fixture5 and Fittings Barton Grange Total Cost At 1 August 2023 and 31 July 2024 Depreciation Al 1 August 2023 Charge for Ihe year At31 July 2024 Carryin9 amount At 31 July 2024 At 31 July 2023 266,901 19,250 18,57S 209.913 514.639 67 706 3,671 5,500 385 18,396 36 48.372 3,030 139,974 7.122 71.377 5,885 18,432 51,402 147.096 195,524 13.365 143 158,511 367,543 199.195 13.750 179 161,541 374.665 10
Bradford on Avon Preservation Trust Limited Company Llmited by Guarantee Notes to the Financial Statements (continued) Year ended 31 July 2024 13. Debtors 2024 2023 Prepayments 6.666 14. Creditors.. amounts falling due within one year 2024 2023 Accruals Other creditors 1,171 15.995 1.140 9,245 17,166 10,385 15. Analy$ls of charitable funds Unrestricted funds At 1 August 2023 At Incomè Expenolilure 31 July 2024 General fund 718.987 68.368 159,5401 727,815 Restricted funds Al 1 August 2023 Al In¢oThe Expenditure 31 July 2024 English Herrtage 8,790 2.000 10,790 10,790 8,790 2,000
Bradford on Avon Preservation Trust Limited Company Limiled by Guarantee Notes to the Financial Statements {¢Onllnued) Year ended 31 July 2024 16. Analysis of net assets between fund5 Ullreslricted Funds Restricled Total Funds Funds 2024 Tangible fixed assets Current assets 367.543 360.272 367,543 371,062 10.790 Net assets 727,815 1Q.790 738,60S 12
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Management Information Year ended 31 July 2024 The following pages do rbot fom) part of the financlal statements. 13
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 July 2024 2024 2023 Income and endowments Donations and legacies Donations Subs¢riplions 5.128 2.303 2,000 1,830 7,431 3.830 Other trading actlvities Fundraising events 152 Investment income Income frorn UK properties Bank interest 46,633 16,152 39.355 8.902 62,785 48.257 Total income 70,368 52,087 Expenditure Costs of raising donations and legacies Publicity and Guardian Angel Magazine costs 2,666 2.276 Èxpendlture on charitable actlvltlos Caielaking costs Repairs and maintenance Insuranc Legal and professional fees Office expenses Other office costs Depreciation Grants Property expenses (Profill I loss on disposal ol fixed assets 4,794 7,767 4,391 S,899 7,514 1,998 7,122 8,27S 9.114 4,860 5,829 9,085 995 9.642 1.844 7,131 14,750 7,659 11,7171 60,078 56,874 Total expenditure S9,540 62.354 Net incomèllexpenditurèl 10,828 110,2671 14
Bradford on Avon Preseniation Trust Limited Company Limlted by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 July 2024 2024 2023 Co$t$ of raising donation$ and l&gacies Publicity and Guardian Angel Magazine costs 2.666 2.276 Costs of raising donations and legacles 2.666 2.276 Expenditure on Charitable activities Preservation of Buildings and Lands in Bradford On Avon Acttivities undertaken d1CtlY Caretaking costs Repairs and maintènance Insurance Office expenses Other office cost5 Depreciation Grants Property expenses (Profit) I loss on disposal of fixed assets 4,794 7.767 4.391 7,514 1,998 7,122 8,275 9.114 4,860 5,829 9,085 9,642 1,844 7,131 14,750 7,659 11,7171 59,083 SO,97S Governance costs Accountancy lees Legal and professional lees 1,075 4,824 5,899 995 995 Expenditure on charitable activities 56,874 60.078 15