Charity registration number 283881
ISLAND OF PORTLAND HERITAGE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

ISLAND OF PORTLAND HERITAGE TRUST
LEGAL AND AOMINISTrATIVE INFORMATION
Trustees:
M Blundell
M Pettipher (removed 28 October 20241
C stone
N Ford
M Stone
C Callis (appointed 24 July 20231
E Hurst13ppointed 24 July 20231
S Mile5 lappointed 15 January 20241
Charlty number: 283881
Prlnclpal addre55:
The Island of Portland Heritage Trust,
St George's Centre,
Reforne,
Portland
Dorset
DT5 2Am
Independent examiner Mrs M Biggins

ISLAND OF PORTLAND HERITAGE TRUST
CONTENTS
Page
TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ISLAND OF PORTLAND
HERITAGE TRUST
STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE
ACCOUNT For the year ended 31 March 2024
BALANCE SHEET As at 31 March 2024
NOTES TO THE FINANaAL STATEMENTS For the Year Ended 31 March 2024

ISLAND OF PORTLAND HERITAGE TRUST
TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their report and financial statements for the year ended 31 March 2024.
The Trust also trades under the name 5t George'5 Centre.
The financial statements have been prepared in accordance with the accounting policies set out in
Note I to the financial statements and comply with.. the Trust's Declaration of Trust dated 20
November 1981- the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their account5 in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective I
January 20191.
Oblectlve5 and artlvltles
In setting objectives and planning for activities, the Trustees have given due consideration to general
guidance published by the Charity Commission relating to public benefit.
I. POUCIES AND OBJECTIVES
The main purpose of the Trust is to provide a safe and enjoyable environment for people using the
facilities at the St George's Centre.
To advance the education of the public in the arts ènd artistic crafts-
b. to promote any charitable purpose which will encourage the exercise, and maintain the
standards of crafts both ancient and modern, preserve and improve craftsmanship and further
promote and increase the interest of the public therein.
to secure for the benefit of the nation the preservation, protettion, development and
improvernent of features of geological, botanical. scientific, historical and archaeological
interest in the 151and of Portland,.
d. to encourage an understanding of local heritage and family history,.
e. to facilitate opportunities for taking part in healthy living and lifestyle for all ages.
2. ACTIVITIES FOR ACHIEVING 08JEcfivES
Activities and engagement at the St George's centre have almost returned to pre-pandemic leve15 and
Rood use is once again being made of the Charit￿5 facilities.
Regular Broups using the facilities include dancing for all age group5: yoga- seated exeTci5e,' singing;
Brownies; Women's Institute.
The Charity also provides low-rent studio facilities for local artisans to Work in. Currently in residence
there is a world-class ceramiclsgrafitto artist, an encaustic wax image maker, a sculptor in the
traditional carving of Portland stone, a woodworker and boat-builder, an international film-maker, a
v3cht rigger. a print maker and a silversmith. The Trust maintain5 a waiting list for use of these highly
desirable, low cost studio spaces.
Royal Manor Workshops was formed in 1981 to help the Trust in its objettives to keep alive and pass
on traditional heritage crafts such as spinnin& weaving and stained glass and other crafts to young
people and adult5 Of all ages and abilities.

ISLAND OF PORTLAND HERITAGE TRUST
TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 Icontinued)
The Trust support5 the Work of the Portland Lo¢al and Family History Centre by providing an office
space for archival storaRe of matgrials ro13ting to the Isle of Portland. The Centre opens twico a week
throughout the year, except for Bank Holidays and over Christmas, and also by special arrangement.
Four volunteers work towards collectin& archiving and digitising documents, artefacts and other
records with Portland connections. In the ye3T, 62 visitors made personal visits to the Centre- in
addition IS enquiries were made by email. The Centre works alongside other or83nisations, such as
the local museum. the St George's Church volunteers and the arts group B-side. The work with B-side
is an ongoing partnership which brings together artistic endeavour and historic research to promote
the history, culture and general interest of the island.
This work will continue into the coming years.
Some of the work of the Study Centre in 2023124 ha5 been:
an exhibition to celebrate past Coronation5,'
research around Portland stones found in Holland:
his Land, project. in conjunction with the B-side organisation;
as well as numerous individual querie5 regarding families, graves. houses and other buildings;
continuing the digitising of records and the indexin8 of articles and publications to enable easier
searching of the archive.
The Centre has also received a number of donations connected with island families and place5. These
are indexed digitally as far as possible and preserved in the archive for future generations.
Financial review
The trust generated a deficit of expenditure over income in the year of £21,655. Thi5 15 the result of
a purposeful programme of using cash balances for repairs and maintenance to preserve the fabric of
the building. Major items of expenditure in the year included roof repair5. window repaSr and
replacement, a new kitchen in the Peter Trim Hall and replacement. low cost lighting.
The Trust maintains sufficient funds to pay liabilitie5 as they fall due and has reserves to keep the
centre running for up to one year if income from activities is depleted.
Our fund-raising activities have not taken place this year due to a lack of volunteers and external
support not bein8 forthcomin& however there are a number of events in the pipeline to address this.
The Trust currently has built up some cash resources of £85,CNX) la5 at the balance sheet datel. The
use of these resources is mainly reserved for..
A general reserve of approximately l yearfs running costs1£20.0001. in recognition of the risks
of another major incident similar to the COVID 19 pandemic. in order to protect and maintain
the Trust in such circumstances,.
Maintaining the buildings and facilities of the 5t George's Centre. The omount of the necessary
is to be determined, with reference to an independent survey, carried out by qualified
persons. Further information is provided below-
Other activities and projett5 deemed necessary by the Trust.
Building Maintenance
The condition of the Centre is crucial to its continue(J income generation, whether from workshop
rental or from rcsular or casual letting.

ISLAND OF PORTLAND HERITAGE TRUST
TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 {continued)
A report into the condition of the Centre was commissioned in 2013. Since then, a limited amount of
work has been addressed. due to funding constraints. The Trustees therefore intend to revisit and
update the survey and to commit resource5 as far a5 possible to address the maintenance, in priority
order. The most urgent identified works are dominated by the water tightness of the roof, valleys and
chimney breasts,. 35be5tos removal and encap5ulation' window frames,. and drainage chèmbers.
Work has already been commi55ioned for the most urgent maintenance issues: the Bell tower, which
is leakin& at an approximate cost of £8k. and replacement of some of the windows. Further work is
needed to ensure that the iconic 8ell Tower remains structurally sound and this 15 being actively
moved forward.
In addition, modernisation of the heating and plumbing needs to be carried and a redecorative
programme developed to ensure the desirability of the building as a venue for hire. During the year
the Peter Trim Hall kitchen facilities were modernised and redecorated, using a legacy received from
the Trim family.
The Trustees will also develop a forward looking programme of planned. preventative maintenance.
During the year, the Trust effetted a Transfer of Deeds of property to Official Custodian of Charities
Landholding Service. Thi5 15 a free service which holds Charitable land constantly in the same name
regardless of who the trustees are.
Strurture, governance and management
The Charity is governed by a Declaration of Trust dated 21 Novernber 1981 and is constituted as a
trust.
The Trustees who served during the year and up to the date of si8nature of the financial statements
were..
M Blundell
C Stone
M Pettipher Iremoved 28 October 20241
N Ford
M Stone
C Callis
E Hurst
S Miles lappointed 15 January 20241
The management of the Charity is the responsibility of the Trustees who are elected and co-opted
nder the terms of the Trust deed. Trustees are appointed via election at a Trustees meeting and a
resolution is noted in the relevant minutes.
The Trustees, Report was approved by the Board of Tru5tee5.
M Blundell Trustee
Dated: L• l. I t

ISLAND OF PORTLAND HERITAGE TRUST
INDEPENDENTEXAMINER'S REPORTTOTHE TRUSTEES OF ISLAND OF PORTLAND
HERITAGE TRUST
I report to the Trustees on my examination of the financial statements of151and of Portland Heritage
Trust Ithe Trust) for the year ended 31 March 2024.
Responsibilities and basis of report
As the Trustees of the Trust you are responsible for the preparation of the financial statements in
accordance with the requirements ol the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the Trust's financial statements carried out under section 145
of the 2011 Act. In tarryin8 OLrt my examination I have followed all the applicable Directions given by
the Charity Commission under settion 145lSllbl of the 2011 Att.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination which gives me cause to believe that in, any material respect..
the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records- or
the accounts did not comply with the applicable requirements concerning the form and
content of accounts set out in the Charttie5 ',Accounts and Reports) Regulations 2008 other
than any requirement that the èccounts give a 'true and fairf view which 15 not a matter
considered as pèrt of an independent examination.
I have no concerns and have come acr055 no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Maureen Biggins
27, Upper83te
Hepworth
Holmfirth
Huddersfield
West Yorkshire
HD9 ITG

ISLAND OF PORTLAND HERITAGE TRUST
STATEMENTOF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
Forthe year ended 31 March 2024
Income
Note
2024
2023
Donations and legacies
375
706
Charitable Activities
30.482
29,501
Bank Interest
312
Total income
31,169
30,207
enditure
Charitable activities
52,824
19.708
Total expenditure
52,824
19,708
Net incoming resources before transfers
121.6551
10.499
Gross transfer into funds
10,043
Fund balance5 a5 at l April
I21.￿1
143,256

ISLAND OF PORTLAND HERITAGE TRUST
BALANCE SHE
A$ at 31 March 2024
Note
2024
2024
2023
2023
Flxed assets
Tangible assets
37.656
39,500
Current aS￿ts
cash at bank and in hand
debtors
84,090
460
84.450
104,477
creditors.. amounts falling due
within l year
io
16051
17211
Net current assets
83.945
103,756
Total assets less CUTrenl
121.601
143,256
Funds
General fund
li
121,601
143,256

ISLAND OF PORTLAND HERITAGE TRUST
NOTES TO THE FINANCIAL STATEMENTS
Forthe Year Ended 31 March 2024
l. Accountlng pollcies
1.1 Accountln8 convention
The financial statements have been prepared in accordante with the Trustee's Declaration of Trust
dated 20 November 1981. the Charities Act 2011, FRS 102 Yhe Financial Reporting Standard
applicable in the UK and Republic of Ireland" I"FRS102"1 leffective l January 20191. The Trust is a
Public Benefit Entity ès defined by FRS 102. The Trust has taken advantage of the provisions in the
SORP for charities riot to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities IAccounts and Reportsl Regulations 2008
only to the extent required to provide a true and fair view. This departure has involved following the
Statement of Recommended Practice which is referred to in the Regulations, but which has since been
withdrawn.
The finantial statements are prepared in steflin& which is the functional current of the Trust.
Monetary amounts in these financial statements are rounded to the nearest £.
1.2 Golng concern
The Trustees have considered the financial position of the Trust arbd have assessed both financial and
operational risk. They are of the opinion that the Trust has sufficient financial re50urce5 to continue
to operate as a going concern for the foreseeable future. Accordingly. the Trustees continue to adopt
the going-concern basis in the preparation of the financial statement5.
1.3 Charltable funds
General funds are unrestritted funds which are available for use at the discretion of the Trustees in
furtherance of their charitable objectives and have not been designated for other purposes.
1.4 Incorning resources
Income is recognised when the Trust is legally entitled to it after any perfomance conditions have
been met, and it is probable that the income will be received.
Cash donations are recognised on receipt. Other donations and grant5 are recognised once the Trust
has been notified of the donation. unless performance conditions require deferral of the amount.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant 15
recogni5ed at the time of the donation.
Expenditure 15 recognised once there is a legal or tonstmctive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economit benefits will be required in settlement, and
the amount of the obligation can be measured reliablv.
Expenditure is cl355ified by activity. The cost5 of each attivity a￿ rnade up of the total of direct costs
and shared costs, inclLEding support costs involved in undertaking each attivity. Direct COSt5
attributable to a single activity are allocated to the activity. Shared costs that contribute to more than
one activity and support costs that are not attributable to a single octivity are apportioned between
those activities on a basis consistent wilh Ihe use of resources.

ISLAND OF PORTLAND HERITAGE TRUST
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 MarGh 2024
1.5 Tangible fixed a55ets
Tangible fixed assets are carried at depreciated historical cost.
Depreciation is recognised so as to write off the cost or valuation of assets less their re5idu31 values
over their useful lives on the following bases:
Freehold buildings
Computers
Straight line over 50 years
20% reducing balance
1.6 Cash and cash equivalents
Cash and cash equlvalents include cash and cash in hand, deposits held at call with banks, other sort-
term investments with original maturitie5 of three months or less, and bank overdraft5. Bonk
overdrafts are shown within borrowings in current liabilitie5.
2 Donatlons and legacies
2024
2023
Donations and gift5
37S
706
Grants receivable
375
706
3 Charitable actlvlties
2024
2023
Other income
30,216
29.501
Adjustment to opening cash balance
266
30.482
29,501

ISLAND OF PORTLAND HERITAGE TRUST
NOTESTO THE FINANCIAL STATEMENTS
For the Year Ended 31 March 2024
4 Charitable artivlties
Z024
zozj
General Property Maintenance
Li8ht, heat and power
Computer costs
Rates, water and effluent
Insurance
33,835
5,005
297
3,457
3,180
710
3,607
1.331
419
690
3,333
593
454
Cleaning and refuse
Telephone and broadband
Centre management fees
Membership and licence fees
Printing, postage and stationery
Depreciation
5,050
467
544
232
1,844
1,872
52,824
19,096
Independent examiner's fee
612
52,824
19,708
5 Trustees
None of the Trustees lor any persons connected with them) received any remuneration or benefits
from the Trust during the year.
6 Employees
The average monthly number of employees durlng the year was:
2024
Number
2023
Number
Totsl
7 Taxation
The charity 45 exempt frorn tax on income and gains falling within 5ertion 505 of the Taxes Act 1988
or section 2S2 of the Taxational Chargeable Gains Art 1992 to the extent that these are applied to its
haritable objective5.

ISLAND OF PORTLAND HERITAGETRUST
NOTES TO THE FINANCIAL STATEMENTS
Forthe Year Ended 31 March 2024
8 Tanglble fixed assets
Freehold
buildings
Computers
total
as at l April 2023
113,047
12.198
125.245
additions
as at 31 March 2024
113,047
12.198
125,245
Depreclatlon and Impalmient
as at l April 2023
73.960
11,785
85,745
depreciation charged in the year
1,761
83
as at 31 March 2024
75.721
11.868
87,589
Carrylng amount
at 31 March 2023
39.087
413
39.500
at 31 March 2024
37,326
330
37,656
9 Debtors
2024
2023
Trade debtors due within one year
460
460
12

ISLAND OF PORTLAND HERITAGETRUST
NOTESTOTHE FINANCIALSTATEMENTS
Forthe Year Ended 31 March 2024
10 Credltors: amounts falllng due wlthln one year
2024
zozj
Trade creditor5
405
iio
Accruals and deferred income
2(K)
611
605
721
11 Analysi5 of net assets between funds
2024
2023
Fund balances at 31 March are represented by-
Tangible assets
37.656
39,500
Net current a55etslliabilitiesl
83,945
103,756
121,601
143.256
12 Related party transartion5
There were no di5closable related party tran$3ctions during the year12023- none).
13