COMPANY REGISTRATION NUMBER: 00787389 CHARITY REGISTRATION NUMBER.. 245611 Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Unaudited Financial Statements 31 July 2025 GOODING ACCOUNTS LTD Holloway House Epsom Square Vvhite Horse Business Park Trowbridge Wiltshire BA14 OXG
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Financial Statements Year ended 31 July 2025 Page Directors, annual report {incorporating the director's report) Independent examiner's report to the directors Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements The following pages do not fomi part of the financial ststements Detailed statement of financial activities 13
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Directors, Annual Report (Incorporating the Director's Report) Year ended 31 July 2025 The directors, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 July 2025. Reference and administrative detsils Registered charity name Bradford on Avon Preservation Trust Limited Charity registration number 245611 Company registration number 00787389 Principal office and registered Silver Street House office Silver Street Bradford On Avon Willshire BA15 1JY England The dlrectors Mr J E Potter Ichairl Mrs P J Balas Mr A W Eberlin Mrs F R Nevin Mrs R Macgregor Ms K R Larard Mrs K M Nicholls Mr D Wiltshire (Hon Treasurer) Mrs S M Hesellon Mrs G l Livingslone (Resigned 30 October 20241 (Resigned 31 January 20251 Secretary Mrs G l Livingslone Mrs P J Balas (Appointed 30 October 20241 (Resigned 30 October 20241 Independent examiner Katy Gooding FCA Holloway House Epsom Square While Horse Business Park Trowbridge Wiltshire BA14 OXG
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Directors. Annual R8POrt (Incorporating the Directorfs Report) (cot)tlnuedJ Year ended 31 July 2025 structure. governance and management The Iruslees present their report and the financial statements for the year ended 31st July 2025. The financial statements have been prepared to comply with company law, the requirements of the Trusys constitution and with the requirements of the Statement of Recommended Practice for Charities. Corporate Governance Bradford on Avon Preservation Trust Limited was incorporated in 1963 under the Companies Acts. It is limited by guarantee and its regulations are those set out in its Memorandum and Articles ofAssociation. It is also registered as a charity with the registration number 245611. Its day lo day governance is by a Council of Management ICOMI, the members of which act as both directors of the company and trustees. Under the regulations, membership of the Council of Management is limited to a maximum of 14 all of whom must be members of the Trust and must 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 bul retiring members can, if they so wish, offer themselves for re-election. Between AGMS the COM has the power to co-opt members lo the COM bul such co-opted members must offer themselves for election at the next AGM following their co-option if they wish lo continue. On some subjects the COM is supported and advised by a committee of members specialising in that particular area but apart from day to day matters of a routine nature, all major decisions are taken by the COM. All committees of members must include a member ofthe COM. Trust Objectives The objects of the Trust are set out in its Memorandum of Association. The core objects 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 of Willshire and the area adjacent thereto and lo ensure and promote the integration of new buildings in the area. To promote the education of the public by assisting In the provision and exhibition to the public of artefacts relating to the history of the area. Risk Assessment The Iruslees regularly review the major risks lo which the charity is exposed and believe that maintaining the charity's free reserves al the current level, combined with the annual review of the controls over financial systems, will provide sufficient resources in the advent of continued 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 miligale any significant risks where they may exist. Organisational Structure The Board of Trustees meets as required and appoints eommittees as and when appropriate to address specific issues. Delegated authority is given to the approved committees to carry out their functions. Publ1¢ Beneflt In planning our activities for the period we kept in mind the Charity Commission guidance on public benefit at our trustee meetings. The objectives of the Trust are aimed at maintsining and enhancing the archileclural and landscape attractions of Bradford on Avon and the surrounding area, for the
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Directors. Annual R8POrt (Incorporating the Directorfs Report) (cot)tlnuedJ Year ended 31 July 2025 benefit of all who live or visit there, now and in the future., and al helping the public to find out about and enjoy that heritage. Reserves Policy In pursuance of the main objective of the Trust, the COM is authorised to purchase or otherwise acquire land and buildings of historic or archileclural value. In order lo achieve this, the Trust needs to maintain reserves sufficient lo facilitate purchase of such properties at short notice. In addition, income from these resetves is ulilised for the maintenance of existing properties and for promotion of the Trust's other principal objective concerning education of the public by assisting the provision and exhibition of artifacts relating to the history of the area. Investment Policy The charity's excess funds have historically been held in a Reserve Account with the charity's bankers. The current account is regularly reviewed and any funds not needed in the short term are invested in a higher interest, businesslreserve account. Flnanclal revlew The lotsl incoming resources for the year ended 31st July 2025 amounted to £69,299. The total expenditure during the year amounted to £78,532. The deficit for the year amounted to1£9,2331. Nel assets at the end of the financial period amounted to £712,887 held in unreslricled reserves together with £13,650 held in restricted reserves. Free reserves al the year-end {unrestricted reserves not represented by fixed asselsl amounted lo £358,129. Small company provisions This report has been prepared in accordance with the provisions applicable lo companies entitled to the small companies exemption. The directors, annual report was approved on trustees by.. !? November 20d signed on behalf of the board of Mr D Willshire 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 ended 31 July 2025 I report to the directors on my examination of the financial statements of Bradford on Avon Preservation Trust Limited I'the charily'l for the year ended 31 July 2025. Responsibilities and basis of report The Iruslees are also the dire¢lors of the company for the purposes of company law are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 Ilhe 2011 Act) and that an independent examination is needed. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause lo believe.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act,. or the financial statements do not accord with those records., or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give 8 'true and fair, view which is not a matter considered as part of an independent examination., or the financial slalements have not been prepared in accordan with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no cOnrnS and have come across no other matters in connection with the examination to which allenlion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Katy Gooding FCA Independent Examiner Holloway House Epsom Square White Horse Business Park Trowbridge Wiltshire BA14 OXG 13 November 2025
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Statement of Financial Activities lincluding income and expenditure account) Year ended 31 July 2025 2025 2024 Restricted Reslaled funds Total funds Total funds Unrestricted funds Note Income and endowments Donations and legacies Other trading activities Investment income 2,528 296 63,615 66,439 2,860 5,388 296 63,615 69,299 7,431 152 62,785 70,368 Total income 2,860 Expenditure Expenditure on raising funds". Costs of raising donations and legacies Expenditure on charitable activities Total expendlture 4,688 73,844 4,688 73,844 78,532 2,668 59,709 78,532 62,375 Net {expenditurellincome and net movement in funds 112,0931 2,860 {9.2331 7,993 Reconciliation of funds Total funds brought forward Total funds carried forward 724,980 10,790 735.770 727,777 712,887 13,650 726.537 735,770 The statement of financial activities includes all gains and losses recognised In the year. All income and expenditure derive from continuing activities. The note8 on page5 7 to 11 fomi part of thes8 financial statem8nts.
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Statement of Financial Position 31 July 2025 Restated 2024 2025 Note Fixed assets Tangible fixed assets 12 354.758 364,708 Current assets Debtors Cash at bank and in hand 13 6,651 382.243 7,548 380,680 388,894 388,228 Creditors- amounts falling due within one year Net current assets 14 17,115 17,166 371,779 726,537 726,537 371,062 Total assets less current liabilities 735,770 Net assets 735,770 Funds ofthe charity Restricted funds Unreslricled fvnds 13.650 712.887 10,790 724,980 Total charity funds 15 726.537 735,770 For the year ending 31 July 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating lo small companies. Directors. responsibilities.. The members have not required the company lo obtain an audit of its financial statements for the year in question in accordance with section 476., The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject lo the small companies, regime. These financial statements were approved by the board of Iruslees and aulhorised for issue on "12'NOVèfth'bèY2d¥ are signed on behalf of the board by.. Mr D Willshire {Hon Treasurer} Director The note8 on page5 7 to 11 fomi part of thes8 financial statem8nts.
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 July 2025 General information The charity Is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered Offi Is Silver Street House, Silver Street, Bradford On Avon, Wiltshire, BA15 1JY, England. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Companies Act 2006. Accountlng poll¢les Basls of preparatlon The financial ststements 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 statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material UnrtaInlieS about the charity's abilty lo continue. Tangible assets Tangible assets are initially recorded al cost, and subsequently staled at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Freehold property Fixtures and fittings 2010 straight line 200A reducing balance Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2025 Donations Donations 2,860 2.860 Subscriptions Subscriptions 2,528 2.528 2,528 2,860 5.388
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Notes to the Financial Statements (c¢)nlAnued) Year ended 31 July 2025 Donations and legacies (continued) Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donations 3,128 2,000 5,128 Subscriptions Subscriptions 2,303 2,303 5,431 2,000 7,431 Other trading activities Unrestricted Total Funds Unrestricted Totsl Funds Funds 2025 Funds 2024 Fundraising events 296 296 152 152 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Income from UK properties Bank interest 48,363 15,252 48.363 15.252 46,633 16,152 46,633 16,152 63,615 63.615 62,785 62,785 Costs of raising donations and legacies Unrestricted Totsl Funds Unrestricted Total Funds Funds 2025 Funds 2024 Publicity and Guardian Angel Magazine costs 4,688 4,688 2,666 2,666 Net lexpenditurellincome Nel lexpendilurellincome is staled after chargingllcreditingl.. Restated 2024 2025 Depreciation of tangible fixed assets 9,950 9,957 Independent examination fees 2025 2024 Fees payable to the independent examiner for.. Independent examination of the financial statements 1.120 1,075
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Notes to the Financial Statements (c¢)nlAnued) Year ended 31 July 2025 10. Staff costs The average head count of employees during the year was Nil12024'. Nil). No employee received employee benefits of more than £60,000 during the year12024.. Nill. 11. Trustee remuneration and expenses No salaries or wages have been paid to employees, including members of the committee, during the year 12. Tangible fixed assets Freehold Fixtures and property Fittings Total Cost At 1 August 2024 and 31 July 2025 Depreciation At 1 August 2024 Charge for the year At 31 July 2025 Carrying amount At 31 July 2025 At 31 July 2024 496,064 18,575 514,639 131,499 9,921 18,432 29 149.931 9.950 141,420 18,461 159.881 354,644 114 354.758 364,565 143 364,708 13. Debtors 2025 2024 Prepayments and accrued income 6,651 7,548 14. Creditors.. amounts falling due within one year 2025 2024 Accruals and deferred income Other creditors 1,120 15,995 17,115 1,171 15,995 17,166
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Notes to the Financial Statements (c¢)nlAnued) Year ended 31 July 2025 15. Analysis of charitable funds Unrestricted funds At 1 August 2024 At Income Expenditure 31 July 2025 General fund 724,980 66,439 178,5321 712,887 At 1 August 2023 Restated at Income Expenditure 31 July 2024 General fund 718,987 68,368 162,3751 724,980 Restricted funds At 1 August 2024 At Income Expenditure 31 July 2025 English Heritage 10,790 2,860 13.650 10,790 2,860 13.650 At 1 August 2023 Al Income Expenditure 31 July 2024 English Heritage 8,790 2,000 10,790 8,790 2,000 10,790 10
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Notes to the Financial Statements (c¢)nlAnued) Year ended 31 July 2025 16. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2025 Tangible fixed assets Current assets 354,758 358, 129 354,758 371,779 13,650 13,650 Net assets 712.887 726.537 Restated Restricted Total Funds Funds 2024 Unrestricted Funds Tangible fixed assets Current assets 364,708 360,272 364,708 371,062 10,790 Net assets 724,980 10,790 735,770 17. Related party transactions There were no related paty transactions for the year ended 31 July 2025. 18. Prior period adjustments The comparatives have been restated lo incorporate the impact of a depreciation error in the previous year. The change has resulted in the unrestricted funds as at 31 July 2024 decreasing by £2,835. 11
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Management Information Year ended 31 July 2025 The followlng pages do not form part of the flnanclal statements. 12
Bradford on Avon Preservation Trust Limited Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 July 2025 Restated 2024 2025 Income and endowments Donations and legacies Donations Subscriptions 2,860 2.528 5,128 2,303 5,388 7,431 Other trading activities Fundraising events 296 152 Investment income Income from UK properties Bank interest 48,363 15,252 63,615 46,633 16,152 62,785 Total income 69,299 70,368 Expenditure Costs of raising donations and legacies Publicity and Guardian Angel Magazine costs 4.688 2,666 Expenditure on charitable activities Caretaking costs Repairs and maintenance Insurance Legal and professional fees Office costs Other office costs Depreciation Donations Property expenses 4.760 3,829 9.382 1.120 9,063 1,749 9,950 20,990 13,001 73,844 4,794 7,767 4,391 5,899 7,514 1,998 9,957 8,275 9,114 59,709 Total expenditure 78,532 62,375 Net {expenditurellincome {9,2331 7,993 13