BbRY ST EDMUNDS TOWN TRUST (a company limited by guarantee) FINANCIAL STATEMENTS For tbe year ended 31" March 2025 Registered Number: 1469397 Charlty Number: 279477
BURY ST EDMUNDS TOWN TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 CONTENTS Referen¢¢ Und administrative details Tntee$, Report Statement of Financial Activities Balanc¢ Sheet 8- 15 Notes to Financial Statements The following pages do llot forni PArt of the statutory fiDgllc191 stAtemeDts. 16 Indep¢nd¢nt Examiner's Report to th¢ Trustees
BURY ST EDThIUNDS TOWN TRUST REFERENCE & ADMINISTRATIVE DETAILS OF THE CHARrrY, ITS TRUSTEES & ADVISORS FOR THE YEAR EIWED 31ST MARCH 2025 Directors and Trnste J P Lloyd - Chairnian P N Tatum ~ Treasurcr G E P Rynsard - Secretary J H Popham M H Charlesworth D W Mi2011 P R A Rynsard A O'Gorn)an C E Covnmins RHAClare E P G Marshall-Crit¢hley Company Registered Number 1469397 Charity Registered Number 279477 Registered Office 79 Whiting Stre¢t Bury Si E4lmunds Suffolk IP33 INX CompAny Se¢r¢t&ry P N Tatum Independent Ex4miDer A Robinson FCA Lovewell Blak¢ LLP Chartered A¢¢ounlants First Floor Suite 2 Hillside Business Park Bury St Edvnunds Suffolk IP32 7EA Solicitors GT¢en¢ & Greene 80 Guildhall Street Bury Si Edmunds Suffolk IP33 IQB
BURY ST EDMUNDS TOWN TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST NWiCH 2025 The Trusie¢s (who are also Directors for the PUTP05es of the Companies Act) pffs¢nt their annual report with the unaudited financial statements of the Charity for the year ¢nded 31 s¢ March 2025. The Trustees confirni th81 the annual report and financial statements of the charity comply with current stattjtory requiremertts, the requirements of the charity's governing document and the provisions of the Statemenl of Recommended Practice (SORP), applicable to charities preparing their account5 in a¢¢ordance with tli¢ Fiiiancial Reporting Standard applicable in the UK Republic of Ireland (FRS102). They are also pr¢paTed io meet the requirements for a directors. report and accounts for Companies Act purposes. Trus¢ees' respoosibilitles In Tel8tioo to the FiD8n¢ial StateMets The Trustees are responsible for preparing a TTUStees' annual r¢port and financial stst¢ments in accordance with applicablc law and United Kingdom Accounting Standards (Unitcd Kin8dom G¢n¢rally Accepi¢d Accounting Practice). Company law requires the charity Trustees 10 prepare financial statements for ea¢h year which give a tru¢ and fair view of the state of affairs of the charitable company and of the incoming reSOlleS and application of resources, including the inconie and expenditurc, of the ¢harilable company for that p¢riod. In preparing the financial staten)ents. the trustees are r¢quir¢d io.. Select suitable accounting policies and then apply then consisiently- Observe ih¢ methods and principles the Charilles SORP,. Make judgements and estimates that are reasonable and pwdenl,. Stste whether applicable UK aeeounting standards have been followed. subject lo any material departur¢s disclos¢d and explained in the financial ststements. Pr¢pare the financial Statements on the going ¢onc¢rn basis unless it is inappropriate to presume that the ¢harity will ¢onliDu¢ in busin¢s5. The Trustees are responsible for keeping proper accounliThgJ i¢¢ords thai disclose with redsonabl¢ accuracy at any ¢im¢ the fiTJancial position of the charity and to enable them to ensure that the financial st2tements compl)tr with the Companies A¢t 2006. They are also responsible for safeguarding the assels of the ¢harity and h¢nc¢ taking r¢asonable steps for the prev¢ntion and detection of fraud and other irre8ularittes. The Trustees are responsible for the mainlenan¢e and inl¢grity of the corpor81¢ and financial infonnation in¢luded on the ehaTltable cotnpaT]y's ivebsite. l.egislation in rhe United Kingdom governing ihe pr¢paration and di5s¢mination of finaiicial statem¢niS may differ from legislatlon in other jurisdictions. StAtus of tbe Charity The Charity is registered under the Charity Commission for England and Wales, number 279477 aiid is constituted as a private company limited by guarantee. registered number 1469397. The Chariiy's objects ai)d powers and other constilutaonal matt¢rs are set out in its gov¢rnin¥ document. ils Memorandum and Articles of Associatioii.
BURY ST EDMUNDS TOWN TRUST REPORT OF THE TRUSTEES- toDtinued FOR THE YEAR ENDED 31ST MARCH 21125 Principal Aetivlty The Charity is establislied with the objects that foi the benefit of the people of the forni¢r borough of Bury St Edrnunds and the English nation at large. there should be preserved, restor¢d and improved whalever of the English historical, awhit¢¢iural and constructional herit&8e may exist in and around the former borough of Bury Si Edmunds. The Charity seeks to detnonstrate it5 aim5 by undertaking Projects to preserve existing buildings and develop new ones, PToinoting the best standards of design and WOTknianship. Patrolls Martin Lightfoot CBE was a patron of the Charity throughout the year. Jo Churchill MP ¢¢8sed as a Patron on 22 October 2024 and Dr P¢l¢r Prinsley was appoint¢d on that dal¢. Trust The ongoing projects of the Charity and its day to day activittes are managed by the Trnstees who meet on a regular basis. The Trustees ¢ornpris¢ a range of specialists in th¢ ar¢as in which the Charity operates and arc drawn from the Bury St Edinunds Clmnmunity. N¢w Trustees ¢ither replaGc or add to this range of skills. Such Tjustees usually aii¢nd one or more m¢etings of the Trustees prior to becomiiig a TTUStee. during which time they obtsin an understanding of the objects and operattons of the Charity and their expected role. The Articles of Association PTovide that Trustees shall be subscriber5 to the Memorandum of Association or such other persons as the Trustees or the members of the Charity in general meeting shall frorn time to time elect. One-third of tli¢ Trustees are required to retire at each generdl meeting and if eligible may offer themselves for re-el¢¢lion. Trustees of the Charity. who served duTing the ycar were as follows-. Chairn)an: Treasurer: Secret8ry.' 01h Trustees.. J P Lloyd P N Tatum G E P Rynsard J H PophaTn M H Charlesworth D W Mizon P R A Rynsard A O'Gorman C E Cowt]mins A R Wilkinson RHACl8re appointed on 9 July 2024 E P G Marshall-Crit¢hley appointed on 9 July 2024 Since the year-¢nd A R Wilkinson has T¢signed as a Truee on 6 Mav 2025.
BURY ST KDMUNDS TOWN TRLIST REPORT OF THE TRUSTEES- continued FOR THE YEAR ENDED 31ST MARCH 2025 Public Benefit Along with other similar bodies in the United Kingdom the Charity operat¢s as a building preseatIon trust. The objects of these bodies are to preserve and maintain the architectural heritagc of the nation for th¢ benefil of all ils people. Whilst the focus of each body is to iLs local area, collectively, they all work for ihc b¢nefJt ot the country as a whole. The Trustees are therefore satisfied thal the Charity meets the provisions of the Charities Act and the public benefit requirements. Relale41 Party Relgtionsbips The Trustees devote their time to the Charity"'s affair5 and receive no remunerdtion or other benefit except for the treasurer. details of which are disclosed in no(e 13 to the accounts. There are no employees of (he Charity. Investment Powers 2nd Policy The Arti¢l¢s provid¢ that surplus funds may, at the discretion of the Tru51¢¢S, be invested from lime to time as they think fit. The TTllSt¢¢s have ¢onsider¢d the most appTopriate policy for investing ndS not iTnmediRtely required for sp¢cific projects and consid¢r tliat a deposit a¢¢ount witli th¢ C.O.l.F Charitl¢5 Deposit Fund designed for th¢ charity s¢ctor is appropriate for the Charity. Rfisks Poli¢y Th¢ Trustees hawe tsk¢n appropriate steps to minimise as far a5 possible any risks to ihe Charity's Assels. In addit50n, prior to comm¢n¢iJJg a new renovation projecl a risk review is ¢arri¢d out to ensure that adequate fuT]din8 for the projecl is in place, contracts for the supply of labour and materials, professional fees ete. 2r¢ placed wilh reputable firms with adequale financial re50uwes and whcre appropTiate a purchaser for the completed project 15 in pla¢e, Th¢s¢ procedures are p¢riodicAlly reviewed to Cnsure they ¢ontinue to med the needs of th¢ Charity- Reserves Policy Th¢ Trnstees consider that uncommitted reserv¢5 in the region of£12.500 shoLild b¢ r¢t&ined to ensure that the Lharity is able lo fund ongoiiig r¢v¢Jiue costs relating to g¢neral adtnitListration aiid runn?ng of the ¥harily should there b¢ a delay or significant r¢duction in r¢v¢nu¢s arising from recurring sour¢es of income. At the balan¢e sh¢et date uiieommitted r¢serv¢s. excluding tli¢ net investm¢nt in I l High Baxter Street amounied to £13.108. Going CoDcerll The Trustee5 satisfied that ihe charity has adequ8ie resources to contiiiue in 0rd(lon&1 exislenc¢ for the for¢se¢abl¢ futurc and meet its obligations under currenl projects. For these reasons the Truste¢s continue to adopt ih¢ going concern basis in preparing the financial statements.
BURY ST EDMUNDS TOWN TRUST REPORT OF THE TRUSTEES- CODtiDued FOR THE YEAR ENDED 31ST MARCH 2025 Review of Activities, Aehiev¢m¢ttts for tbe yegT #nd Future Plan8 I I, High Baxler Street wa$ let throughout the year and th¢ property will be sold when mark¢t ¢onditions havc improved sufficiently. The Building Conservation Training COU¢. jointly with West Suffolk College, continued during ihe yeaT SUPPOrted by external and Tnember dtsDations. The Charity has continued to provide support to oth¢r projects in Bury St Edmunds including the Railway Station. the Town Centre Management Plan. the fomei Posi oifi¢e Sil¢, ret¢ntion of a county records office in the town and proposed redevelopment of the Greene King site. The Charity monitors developments in sustainability and reducing the carbon footprint of heritage property signposting via its website to wider infomiaiion. The Trustees will Continue to support these projects in the forthcoming year and look at other worthy projects for the benefil of the town wbich may arise. Review of the Results 4)f the Year Net outgoing resources for the year amounted io £1,454 (2024.. nel incoming resources £3,628). Total Reserves carried forward at the year-end amounted to £172,050 (2024: £173.504). Small Company Exemption This report is pr¢par¢d in cordance with the sp¢cial provisions of Part 15 of the Compani¢s Act 2006 relating lo small companies. Signed by onler of the Trustees /J(J Ic• P N TAtum Treasurer v4nd Company Secretary Date: 151b September 2025
BURY ST EDMUNDS TOWN TRUST STATEMENT OF FINANCIAL ACTtVITIES (INCORPORATII¥G THE INCOME AND EXPENDTfuRE ACCOUNT) FOR THE YEAR EI¥DED 31- MARCH 2025 Total funds 2025 Totsl fund$ 2024 Note5 Unrestricted Funds Restri¢ied Funds Income from: Donations aDd legaci¢5 Grants Subscriptions Other trading activities: Rents Investments: Bank and other interest 2,113 450 2J63 22,684 21.088 1,404 1.145 1,145 29,550 29,550 19,750 19 19 30 Total lllcome 32,827 450 Expenditllre on: Charitabl¢ Activities Propety expenses Other activities 28360 3J71 28260 6,471 30.801 30,527 3,100 Total expenditure F4et Incomelexpenditur¢ and movement in funds 1,196 (2,650) 3.628 Reconciliation or Fullds: Funds brought forward 165 173 04 169 876 Funds earried fonvard 166 759 5291 172 050 The slatement of financial activities incotporates the income and expenditure aecount and includ¢5 all gains and1055es re¢ognised in the year derived from continuing activities. The noi¢s on pa£es 8 to 15 form part of these financial statements.
BURY ST EDTrWNDS TOWN TRUST Oiegis¢r*tion Number 1469397) BALANCE SHEET ST AS AT 31 MARCH 2025 2025 2024 Note5 Curr¢Dt Assets Work in Progre55 Debtors Cash at bank and in hand 662278 1,698 18 31 682007 662,278 1,320 19,031 682,629 Creditor8: amounts falling due within one year 510 757 509 125 Net Currenl Assets 172,050 173.504 Net Assets 173.504 ChArity Funds Restrieted Fund$ 5291 7.941 UrestrIcted FuLd$ 166 759 165 563 Total Funds 172050 173 504 The direclors are satisfied that the company is entitled to exemption froTll the provisions of the Companies Act 2006 ('The Act,) relating to the audit of the financial statements for ihe year by virtue of section 477, and that no mcmber or members have rcquested an audit pursuant to section 476 of the Act. The directors a¢knowl¢dgc their r¢swi)sibilities for ensuring that the fjompany keeps prop¢r Èceounting Tecords which comply with sectioi) 386 of the Act and Preparing financial statement5 whi¢h give a true And fair view ofih¢ state of affairs of ihe company as at the end of the financial year and of its surplus or deficit for the finan¢ial year in accordance with the requirements of section 394 and 395, and whieh oth¢nvise comply with the requiT¢ments of the Act relating to the financial stalements, so far as applicable to the mpanY. These fiiiancial state]nents have been prepared in accordance with the special provisions tor small¢r companies under part 15 of the Companies Act 2006 and with the Finan¢ial Reporting Stsndard &ppli¢abl¢ in the UK and Republic of Ireland (fRS102 11)ese financ atements wer¢ approved by the directors on 15th September 2025 and signed on their behalf by.'- J P Lloyd Director P N Tatum Director The nole5 on pages 8 to I S fomi part of these finan¢ial statements
BURY ST EDMUNDS TOWN TRUST NOTES TO THE F]NAI¥4CIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Aecovnting Poll¢ie5 Th¢ Bury St Edmunds Town Trusl is a company limited by guarantee incorporaied in Eng]and. The address of the registered otTice is provided in the reference and administrdtive details on pag¢ l. The financial statements have b¢en pr¢p2red under th¢ historical cosi convenlion with it¢ms recognised at cost of transaction value unless otherwise sial¢d and in accordance with Accounting and Reporting by Charities.. Ststeineni of ReLotnmended Pra¢iice applicable io Charities pr¢paring iheiT a¢¢ounts in accordance with th¢ Financial Reporting Standard applicabl¢ in the UK and Republi¢ of IrelaTLd (FRSI02). the Financial Reporting Standard appli¢abl¢ in th¢ United KingdoTll and R¢public of Ireland (FRS 1021, the Charities Act 2011, the Compani¢5 Act ?006 and UK Generally Accepted Accounting Practice. The company has revised its forn]&t of accounts. as provided by the Companies Act 2006, to include headings whi¢h ale relevant lo its activities thus enabling it to show a true and fair view. The ChaTity constitut¢s a public benefit entity as defined by FRS 102. In¢ome Recognition All incotne is Tecognised once the Chariry has entitlement to the income, it is probable that the in¢ome will b¢ rec¢iv¢d and th¢ amount of income receivable can be measured reliably. The prin¢ipal sources of income received by the Charity are accounted for in the Statement of Financial Activities as follow5-_ Grats Income from grnnts, whether'capital, grants or 'revenue' grants, is recognised when the charity has ¢ntitlernent lo the funds, any pcrfomiance conditions attached to the grants have teen met, it is probabl¢ Iha( the in¢otn¢ will be rec¢ived and the amounl can be measured reliably and is not deferred. Subs¢ription$ Subscriptions ar¢ in¢lud¢d when recetved and include recoverable gift ald. Don*tion8, le8aeie$ and $poTrsorship Donations are recogni$ed wh¢n the Charity has been notified of the amounts and the settlement dat¢ in writing. If there are conditions attach¢d to the donation and this Tequir¢s a level of perforniance before entitlement can be obtained thej) income is deferred unlil those coiiditions are fully met or the fuifilmenl of those condilions is within the controls of the charity and it is probable that they will be fulfilled. For legacics, entitlement is the earlier of the Charity b¢ing notifi¢d of an impending distribulioD or the legacy being received. At this point income is re¢ognised. On occasion l¢gacies will be Jiotified to the charity, however: it is noi possible io measure the amount expeCd to k distributed. On thes¢ occasions, the legacy is treated as a contingent assel And disclosed.
BURY ST EDMUNDS TOWN TRusr NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 315T MARCH 2025 l. Aeeountlng Policies Continued IDve5tmeD¢ Income Investment income represents int¢r¢st arising on funds held in UK banks and building societies and with charity deposit fijnd managers. Rental IHeome R¢ntsl income is included on a receivable basis. Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic bencfit to a third paty, it is probable ihat a transfer of economic benefits will be required in settlement and the amount of th¢ obligation can be measured reliably. Expendilure on charitable activities eompri5es dire¢t expendituTe relating to the Charity's principal activities and includes irrecoverable VAT. Governanc¢ costs include those costs associated with m¢¢liTkg the constitutional aiid statutory requirements of th¢ Charity and include Independent Examiner's fees and costs Itnked to the managem¢nl of the Charity. Fund Accounting Unrestricted Funds The general fund consists of funds which the Chariry miy use at its discretion for its main objects and derives principally from SUTplus¢s on projects undertaken, memb¢rship subs¢riptLons. investmeni and r¢ntal income. Designated Funds D¢si8iiat¢d Funds consist of amounts set aside by the Trus*es out of General Funds for specific projects. Restricted Funds Restricted funds consist of funds received for specific projc¢ts on which the donor has i[nSed restrictions for its use. Flxed Aets Investment Properti¢s Freehold land and bvildings held for iiivestment Purposes are included at open markel value and no depreciation 1% provided thereon. The difference betw¢en cost and open market value is credifrd to th¢ revaluaiion r¢s¢rve. Fixed Assets held foi res91¢ Non-current asseis are classified a5 held for sale when th¢ir ca]ng omounl will b¢ r¢eov¢r¢d principally through a sale transaction rather than continuing use And a sale is highly probable. A5s¢1s ar¢ designgted as held ai the lower of canying &mount and fair valu¢. Deprecialion is not ¢haTged against prortY classified as held for sale. Work In Progress Work in progress represents the cost of properties purchased for refurbishment and renovation and return to use by onward sale. Cost represenis the pur¢h&qe price of the property together with subsequent COSIS incurred in bringing ihe propety to a condition suitable for onward sale. At each balance sheet date the canying value is assessed for any pernianent impairnient where accumulated COSt exceeds th¢ lik¢ly sclling price based on an assessmenl of ihe market. Any impairnieni loss is r¢¢ognis¢d in the Statetn¢nt of Financial Activitl¢5.
10 BURY ST EDMUIYDS TOWN TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ELYDED 31sf MARCH 2025 AceouDting Poli¢ies conti0ed Debtors Trad¢ and oth¢r debtors are recogni5ed al the settlement amount after any trade discouni offered. Prepayments are valued al the amount prepaid nel of any trdde discounts due. C•$h al Bank aDd in Hand Casli at bank and in band includes cash and short ierni highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Creditors and Provisions Creditors and provisions are reeognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement and the amount of the settlement can be estimat¢d r¢liably. Liabilitie5 or¢ re¢ognised Bt the amount that the ¢harity anticipales it will pay to settle the debt or th¢ amount it has re¢eived as advanced payments for the gwds or services it must provlde. C4sh Flow The financial statem¢nls do not include a cash flow statement because the ¢haritsble Company, as a small reporting ¢ntity, is exernpt from the r¢quirement to Ppare such a slal¢m¢nt. FinaDei81 Instruments The ch8rity only has financial a$seis and fin8ncial liabilities of a kind that qualify as basic financial instrum¢nts. Basie financial instruments are initially r¢cogni5ed ai traT]saction valu¢ alld subsequently measur¢d it ih¢ir s¢ttlem¢nl value. Going Con¢¢r The financial sr&t¢m¢nts have been prepared on a going ¢on¢ern basi5 a5 the Trustees believe that no material relevant urbC¢rtainties ¢xist. Th¢ Trustrcs liave con5id¢r¢d the level of funds held and the expected level of income and expenditure for 12 months from authori5ing these financial statements. The budgeted income and expenditure 1$ 5ufficienl with the level of r¢s¢rves for th¢ Charity lo k able to continue as a going concern. 2. Net Incomelexpenditur¢ i) Discretionary council tax reliefon I l. Hi8h Baxter Str¢el 2mount¢d to £NIL (2024 - £997). Grants received from the Biiry St Edmunds Towth Couttcil amounted to £NIL (2024 - £12.09]) to fund the renovation of the South African War Memorial situated in CorDhill. Grants received fron) West Suffolk Councillors amounted to £NIL (2024 - £6,000) and ihe Lund Charitable Trust £NIL (2024- £2.000) to fund the Building Conservation Training Progrnmme ii) Income ]Ved in 2024 cornprised of Unrestricted Funds of £29,847 and Restricted Funds of £33,638. iii) Nel in¢omel(¢xpellditur¢) is after ¢harging- 2025 2024 Trnstee indemnity insuranee Independent Examiner's fte 412 020 389
BURY ST EDMUNDS TOWN TRUST NOTES TO THE FINAIYCIAL STATEMENTS FOR THE YEAR ENDED 31- MARCH 2025 3. Ch*rktable Expenditure 2025 Unrestrlcted Funds 2024 Unre8trlcted Funds Re8trl¢ted Funds Restricted Funds Property expeTys¢s '. -Loan urrangetn¢nt feeg -Repairs and snaintenance -Rates & utilities -Loan interest 1.109 ,471 3.779 594 1,996 997 28 997 Other activstics '. Conservation Training Prog. War memorial Genera] expenses Governance costs 3,100 3.744 23.795 814 609 71 4. Work Jn Progress 2025 2024 Expenditure on I I, High Baxter Street '. Cost bmught forward al l April 2024 662278 634,042 Expenditure during year 28.236 Cost caryied fon¥ard at 31 March 2025 662 78 662 278 The directOTS have assessed the net realisable value of the property on completion and based on indieative prof¢ssional valuations the cumulative cosls of the project exceed the probable selling price. Accordingly? on adjustmerlt lo th¢ carrying value of the property has been recognised through the Statemeiil of FinATrcial Activilies in prior years alnounting to £146,125 to reduce ihe caTrying value lo net realisable value. l)¢btors 2025 2024 Debtors & prepayments 1,698 1,320
12 BURY ST EDMUNDS TOWN TRUST NOTES TO THE FINANCIAL STATEMENTS Sr FOR THE YEAR EffDKD 31 fvJARCH 2025 6. Creditors Amounts falling due withill oDe year: 2025 2024 Other ¢Teditors A¢crn2ls Loan not¢s Othcr loans 13,627 2,130 130,000 365,000 11,027 3,098 130,000 365 000 510 757 509 125 £300,000 20/0 Fixed Rate Unsecured Loan Notes 2020 were crealed on 251h February 2020 to rais¢ funds for work at I I, High Baxter Stre. The loan notes restrict¢d to Membe oFth¢ Charity only and are unsecured. £130,000 of the loan notes had b¢en issued ai 3 I March 2025 (2024 - £130.000). The loan nffles together with accnjed interest a not redeemable until after I I, High Baxter Sty¢¢t has b¢¢n sold. Other loans ai 31 March 2025 eomprise of interest only mortgagc with Ecology Building Society to finance ihe I l. High Baxter Street development. Interest 19 chargcd at th¢ So¢iety's standard variabl¢ rate and the facility is available for a period of up to 30 years or on sale of the prop¢rty if earlier. Other loans are secured against I I, High Baxter Str¢d. 7. Allalysis of Net A88ets- current yeAr Unrestricted Funds Restricted FuDd$ Total 2025 Total 2024 Current Assets Creditors due within one year 677,516 510 7571. 5,291 682,807 682,629 509 125 160 759 91 172 050 173 Analy81$ of Net A88ets- prior ytar Urtr¢8tri¢ted Fu4ds Restri¢¢ed FuDd5 Total 2024 Total 2023 Cvrrent Assets Creditors due within on¢ y¢ar 674,688 (509,125) 7941 682,629 (509,125) 658,635 (488,759) 165.563 169 876
13 BURY ST EDMUNDS TOWN TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31- Tr14RCH 2025 9. Analysis of Funds- current year Brought Forward Incoming Resources Resources Expended Fund Transfers Carried Fonvard Restricted funds Building Conservation Training Programm¢ 7y5 3,100 4,895 War memorial 396 396 Unrestricted funds - Designaied 2,0011 (2,000) G¢ner81 2.0110 166.759 Totsl Funds 173 77 Restrict¢d Funds T¢late to - Annual sponsorship and grants to fund the Building consctiOn TrAining Programme. - GFanl ]Ved to support revenue costs in connection with I I, High Baxter Str¢et. -Grants and donations in connection with n0vatIOn of the South African War Memorial in Cornhill. The Designaled Fund, set aside to support the Building Con5¢rvatioD Training Programme. was released back to Gen¢ral Fund in the year. l O. Analysis tsf Funds- prior year Brotsght Forngrd IDeoming Re50urees Re$our¢es Expended Carried Fonvard Restricled fullds Building Con5erYation Training Programmc 2039 8A50 3,744 7545 I, High Baxter Strett 997 997 War Memorial 24.191 23,795 396 Unrejlrirted fuDds - Designated 2,000 - Gen¢rdl 165 037 29 31 21 163 Totsl Funds 169 76
14 BURY ST ED]NDs TOWN TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 I l. Fingneial IDstruments The Charity's finan¢io1 instrum¢nts amounted to £19,181 (2024 - £19,381) repres¢llt¢d by trade d¢btors of £350 (2024 - £350) and cash at bank of£1 8,831 {2024 - £19,031), trad¢ ¢r¢dilors of £15,757 (2024- £14,125) and loan finance of £495.000 (2024 - £495,000). 12. Control The Charity is under the contToI of the Trusiees. 13. Related Party TransactlODS No Trustees received any remuneration during the CUellt or previous year. Yran84etions with the Trusttts £20,000 Loan Notes have been issued to l M J Rynsard, the wif¢ of P R A Rynsard, who is a Trustee. Inl¢rest ¢hArged in the year amounted to £400 (2024 - £400) and interest a¢¢tued at the year-end amouni¢d to £1.967 {2024- £1.567). £15,000 Loan Nol¢s have been issued to Hazells & Co (BSE) Ltd. J P Lloyd, who is a TTUStee and Chairman, is a direcior and owner of Hazells & Co (BSE) Ltd. Int¢resi ¢haTg¢d in tl)e year amountrd to £300 (2024 - £300) aT]d interest accrued At the ye2r-end amounted to £1,200 (2024 - £900). Details of the Loan Not¢s are fully described in Note 6. The treksurer. P N Tatum, is an employee with Whitings LLP, ChaTt¢r¢d Ac¢ountsnts who provide accountancy servi¢es to the Charity. Fees. includiiig VAT, of £60 {2024= £120) were ¢harged by Whitings LLP during the year and are included in the accounts. an amounl of £NIL (2024: £120) is included in atal5 at th¢ year end. During 2024 P R A Rynsard. who is a Tslee, loaned the Charity £1 0,000 on a short lern) basis and Interest fr¢¢ pending securing long terni funding to complete the I I, High Baxter Street project. The loan wes repaid in full during 2024. During 2024 the Charity received a donation ol'£1 0,000 froin Hazells & Co (BSE) Ltd for the general purposes of the charity. J P Lloyd. who is a Truslee and th¢ Chairnian, is a director and owner of ihe company. One Trustee was reimbursed ¢xpenses amounting to £74 during the year (2024.. £NIL) in respect of costs ineiiJTed on behalf of the Charity in connection witli its activities. Donations by Trust¢es during the year were £25 (2024 £25). r)uring the year Trust¢¢ indemnity insurance was purchased for a premium of £412 (2024-. £389).
15 BURY ST EDMUNDS TOWN TRUST NOTES TO THE FtNANCIAL STATEMENTS ST FOR THE YEAR EIYDED 31 MARCH 2025 14.Taxation The company is a registered charity. The charity is exempt from tsx on incom¢ and gains falling within section 505 Taxes Ad 1988 or seclion 252 Taxation of Chargeable Gains Act 1992 to ihe extent that they are applied to its charitable objects. 15. Membern GuAr8ntee Th¢ cornp8ny 15 limited by guarantee and has no share capital. Each member is liable to contribut¢ an amount not ex¢eeding £10 in the event of a winding up.
16 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BURY ST EDMUNDS TOWN TRUST ('the Company'} FOR THE YEAR ENDED 3151 MARCH 2025 I report to the charity tnjstees on my examination of th¢ financial statements of the company for the year ended 31 March 2025 which compri&e the slatement of financial aetivities (including income and expenditure account), balanee sheet and the related notes. Sibilities and b1$ of re ort As the charity tNstees of ihe company (and also its dir¢¢tors for the purposes of company law) you are responslble for the prepaTat&on of the financial statements in accordance with the requiremenls of ihe Compani¢s A¢t 2006 ('the 2006 Act,). Having satisfied myself that th¢ financial statnentS of the company are not required to be audited under Part 16 of th¢ 2006 Act and are eligible for independenl examination, I report in r¢spe¢i of my exavnination of your company's financial statem¢nts as ¢arried out under section 145 of the Charities Aet 2011 ('the 201 l Act,). In carying out tny tMInatIOn I have followed the Directions given by th¢ Charity Commission under section 14515)(b) of ihe 201 l A. Indt ndent examiner's stste]Ment I have complet¢d my examination. l confirm that no m4tt¢rs hAve ¢ome lo my attention in connection with th¢ ¢xamination giving me cause to believe that in uny material reswt.. accounting ordS were not kept in Tespe¢t of the company as required by section 386 of the 2006 Act,. or th¢ financial stat¢m¢nts do not accord with thos¢ rordS. or th¢ fin2n¢ial statements do not comply with the accounting r¢quirements of section 396 of the 2006 Act (Jther thal) any requirement thal the accounts give a 'true and fair. vi¢w which is not a tnatter Considered as part of an independent examination- OT th¢ financial staiem¢nts hav¢ not been prepared in accordance with th¢ methods and principles of the Statement of Recommended Practice for accounting and r¢porting by ch2riti¢s applicable to ¢harities preparing their accounts in accordance with ih¢ Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). have no concerns and h&v¢ ¢ome across no other matters iii connection with th¢ examination to which attention should b¢ drawn in this report in orderto enable a proper undeTslandingof the accounts to be re&ched. A Robinson FCA Ind¢p¢ndent Examiner Lov¢w¢ll Blake LLP Chartered accountants First Floor Suite 2 Hillside Business Park Bury St Edmunds IP32 7EA Date.. 16th September 2025