Charify registration numbef 283881 ISLAND OF PORTLAND HERrrAGE TRiIST ANNUAL REPORT AND UNAUDrrED FIP4ANaAL STATEMENTS FOII ThE YEAR ENDED 31 MARCH 20Z5
ISLAND OF PORTLAND HERITAGE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees: M Blundell Ireslgned 7 2025) M Pettipher (removed 28 Ottober 20241 Cstone N Ford Iresigned 7 July 20251 M Stone C Ca1115 E Hurst S Mile5 R Pepperell (appointed 28 October 2024) Charlty number: 283881 Prlnclpal address: The Island of Portland Heritage frust, 5t George's Centre. Reforne, Portland Dorset DTS 2AN Independent examlner Mrs 8 Hounsell
ISLAND OF PORTLAND HERITAGETRUST CONTENTS Pa8e TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF ISLAND OF PORTLAND ERAGE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDIIIG INCOME AND EXPENDITURE ACCOUNT For the year ended 31 March 2025 BALANCE 5HEEf as at 31 March 2015 NOTES TO THE ANANCIAL STATEMENTS For the Year Ended 31 March 2025
ISLAND OF PORTLAND HERITAGE TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their report and financial statements for the year ended 31 March 2025. The Trust also trades under the r>ame St Geor8e's Centre. The fin3n¢ial statements have been ppared in accordance with the accountSn8 polities 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 preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021" leffettive I January 20191. Objertlves and actlvltles In setting objertives and planning for attivities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit. I. POUCIES AND OBJEcllvES The main purpose of the Trust is to provide a safe and enjoyable environment for people using the facilitle5 at the Si George's Centre. a. To advance the education of the public in the arts and artistic crafts,. b. to promote any charltable purpose which will encourage the exercise. and maintain the standards of crafts both ancient and modem, preserve ènd improve craftsmanship and further promote and increase the interest of the public therein,- c. to secure for the beneflt of the natlon the preservation, protettion, development and improvemerlt of features of geological. ttanIcal, scientific, historical and archaeological interest in the Island of Portland- d. to encourage an understandlng of local heritage and family history; e. to facilitate opportunities for taking part in healthy Irving and lifestyle for all ages. Z. AcnvmES FOR ACHIEVING OBJECTIVES Activities and enga8ement at the St George's centre is considered to be good, wtth use of our facilities being made by community groups every day of the week. Regular groups using the facilities include dancing for all age groupstr yoga: seated exercise: 5inging- Brownies: Women's Institute. Royal Manor Workshops. Occasional use is also made of both halls by family events. special community events and use by other charitable organisation5. The Charity also provides low-rent Studio facilities for local artisans to work in. Currently in residence there is a world-cla55 ceramiclsgrafitto artist, an encaustic wax irnage maker. a digital creator, a woodworker and boat-builder. an international film-maker, a yacht ri88er, a print maker and a silversmith. The Trust maintains a walting list for use of these highly desirable, low cost studio spaces. Royal Manor Workshops was formed in 1981 to help the Trust in its objectives to keep alive and pa$5 on traditional heritage crafts such as spinnin& weaving and stained glass and other crafts to young people and adults of all ages and abilities.
ISLAND OF PORTLAND HERITAGETRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 (continuedl The Trust supports the Work of the Portland Local and Famlly History Centre by providing an office space for archival storage of materia15 relating to the 151e of Portland. The Centre open5 twice a week throughout the year, except for Bank Holiday5 and over Christmas. and also by special arran8ement. Four volunteèrs work toward5 collertlng, arthNing and digitisin8 documents. artefacts and other records with Portland connertion5. In the year. 42 visitors made personal visits to the Centre- in addition 15 enquiries were made by email. The Centre work5 alongside other organisations, such as the local museum, the 5t George's Church volunteers and the arts group B-side. The work with B-slde is an ongoing partnership which brings together artistic endeavour and historic research to promote the history, culture and general interest of the island. This work will continue into the coming years. Some of the work of the Study Centre in 2024125 has been: research for an art installation at the Centre; talk on the work of the Study Centre to the Wl: participation in a display of themed Christmas Tree5 at St George's Church.. restoring and recording the Time Capsule from the Bell Tower: research for the cent.$ sgrafitto artist on her new TrxJsine55 prniSes. participation in the Centre's Open Day.. as well a5 numerous individual queries regarding families, graves, houses and other buildings,. continuing the digitising of records and thè indexing of articles and publications to enable easier searchin8 of the archive. The Centre has again received donations connected with island families and places. These a indexed digitally as far as possible and preserved in the archive for future generations. Flnanclal revlew The trust generated a deficit of expenditure over income in the year of £9.681. This is 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 guttering maintenance, repalr and replacement, repairs to stonework. upgrading the external security lighting and carrying out a new asbestos survev. The Trust maintains Sufficient funds to pay liabilitie5 as they fall due and has reserve5 to keep the centre running for up to one year rf income from artivities is depleted. We have undertaken some lund-ralsing artivlties thig ¥e3r bLrt or8anisation rèmains a challen8e due to the limited number of volunteers. The Trust currently has cash resources of £77,076 la5 at the balance sheet datel- The use of these resources is malftly reserved for: A general reserve of approximately l yearfs running COSts1£20.L¥JOI, in rec¢gnition of the risks of another major incident similar to the COVID 19 pandemlc. in order to protect antl maintain the Trust in such circumstances,. Maintaining the buildings and facilities of the St George's Centre. The amount necessary to do 50 is to be determined by an independent survey. carried out by qualified persons. Further information is provided below: Other ac(Ivlties and projects deemed necessary by the Tnjst.
ISLAND OF PORTLAND HERITAGE TRUST TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 Icontinuedl Building Maintenance The condrtion of the Centre is crucial to its continued income generation. whether from workshop rental or from regular or casual letting. 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. This is scheduled to be repeated in spring 2025 and it 15 expected that further work on the roots. stonework and windows will be key priorities- all of which are being looked at. The report will provide a list of priorities and a costed maintenance plan to work to. Work has already been commissioned for the most urgent maintenance issues.. the chimney5 are leaking, which is expected to Cost in the region of £12.OCMJ, but is essential to ensure the building remains sound. Some of the windows need replacement and listing building consent has now been obtained. 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. Structure, 8overnan¢e and managernent The Charity is governed by a Declaration of Trust dated 21 November 1981 and is constituted as a trust. The Trustees who served during the year and up to the date of signature of the financial statements were.. M Blundell Iresigned 7 July 20251 M Pettipher (removed 28 October 20241 C Stone N Ford (resigned 7 July 20251 M Stone C Callis E Hurst S Miles R Pepperell (appointed 28 October 20241 The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. Trustees are appointed via elertion at a Trustees meeting and a resolution is noted in the relevant minutes. The Trustees, Report was approved by the Board of Trustees. M Blundell Trustee Dated.. 7/2 ([
ISLAND OF PORTLAND HERITAGE TRUST INDEPENDENT EXAMINER'S REPORT TOTHE TRWSTEES OF ISLAND OF PORTLAND HERITAGE Trusf report to the Trustees on my examination of the frnancial statements of Island of Portland Pleritage Trust {the Trust) for the year ended 31 March 2025. 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 reouirements of the Charities Act 2011 Ithe 2011 Act). I report in respett of my examination of the Trusf s financial statements carried out under section 145 of the 2011 Art. In carrving out mv examination I have lollowed all thè applicable Directions given bv the Charity Commission under settion 14515llbl of the 2011 Att.. Independent examiner'5 Statement I nave compieteo rny examination. I contirm tnar no material matters have come to my attention in onnection with thè examination which gives me cause to believe that in, any materi31 respect.. the èccounting records were not kept in accordance with settion 130 of the Charities A-. the accounts did not accord with the 3ccountinR records.. or the accounts did noi comDlv with the aDDlicable requirements concernino the form and content of accounts set out in the Charities (Accounts and Reports) Regulation$ 21x18 other than any requirement that the accounts give a 'true and fairf view which is not a matter tonsidered as pan of an indeoendent exarnination I hove no concerns and have come across no other matters in connection wrth the examination to wnicn attention should *Je drawn in this reDOrt in order to enable a oroper understandinR of the accounts to be reached. Trlilz,- Mrs Brend3 Houngell 38 Packers Wa¥ Mistertc, )omersi.
ISLAND OF PORTLAND HERITAGE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCWDING INCOME AND EXPENDITURE ACCOUNT For the year ended 31 March 2025 In ome Note 2025 2024 Donatlons and legacies 530 375 Charitable Activities 31.397 30,482 Bank Interest 947 312 Totsl income 32.874 31.169 ndlture Charitable activities 42.555 52,824 Total expenditure 42.555 52.824 Net incoming resources before transfers 19.6811 121.6551 Fund balance5 as at l April 111.920 121.601
ISLAND OF PORTLAND HERITAGE TRUST BALANCE SHE As ot 31 Mereh 2025 Note 2024 2024 Flxed assets Tangible assets 35.829 37,656 Current assets cash at bank and in hand debtors 77,076 345 84,090 460 84,450 75.631 creditor5,' amounts fallin8 due within l year io 11,7901 16051 Net turrent assets 75,631 83.945 T(rtal assets less current Ilabllhles 111,460 121.601 Funds General fund li IiiA60 1.601
ISLAND OF PORTIAND HERITAGETRUST NOTES TO THE FINANCIAL STATEMENTS Forthe Year End¢d 31 March 2025 l. Attountlng poJlclo5 1.1 Account1 conventhn The financial ststements have been prepared in accordance with the Trustee's Declaratlon of Trust dated 20 November 1981, the Charitles Act 2011. FRS 102 Yhe Financial Reportlng Standard applicable in the UK and Republic of Irelan¢f I"FRS102"1 {effective l January 20191. The Trust is Public Benefit Entity a5 defined by FRS 102. The Trust has taken advantage of the provisions in the SORP for charlties not to prepare a statement of Cash Flows. The financial statements have departed from the Chartties (Accounts and Reports) Regulations 2[108 only to the extent required to provide a true and fair wew. This departure has involved following the Statement of Recommended Prartice which is referred to in the Regulations. but which has since been withdrawn. The financial statements are prepared In sterlin& which is the funttional turrent of the Trust. Monetary amounts in these financial statements are rounded to the nearest £. 1.2 Golng corKem The Trustees have considered the financial position of the Trust and have assessed both financial and operational rlsk. They are of the opinion that the Trust has sufficient financial reSoUrS to contlnue to operate as a 80ing concern forthe foreseeable future. Accordingly. the TrsJstee5 contlnue to adopt the going-concem basis in the preparation of the financial statements. l.a Charitable fu1$ General funds are unrestrirted 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 Inmlry resourcos Income is reco8nised when the Trust is legally entitled to it after any performance conditions have been met. ar it is probable that the income will be received. Cash donations are recognised on receipt. Other donations and Bf3nts are recoenised once the Trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relatlon to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefft to a third party. it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliablv. Expenditure is classified by attivity. The costs of each activtty are made up of the total of direct ¢05ts and shared costs, intluding support Wsts involved in undertaking each activity. Direct costs attributable to a single artivity are allocated to the actimty. Shared costs that contribute to more than one activity ar)d support costs that are not attributable to a single activity are apportioned between those athivities on a basis consistent with the use of resources.
ISLAND OF PORTLAND HERITAGETRUST NOTES TO THE RNANCIAL STATEMENTS For the Year Ended 31 March 2025 1.5 Tangible ffxed a55ets Tan8ible fixod agsets are carried at depreciated historical cost. Depreciation is retognised so as to write off the cost or valuation of assets less their residual value5 over their useful lives on the followin8 bases= Freehold buildings Computers Strai8ht line over 50 years 20% reducing balance 1.6 Cash and rash equlvalents Cash and cash equivalents include cash and cash in hand, deposits held at call with banks. other short- term investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 2 Donation$ and legades 2024 Donations and gifts 530 375 530 37S 3 Charitsble a¢tivities 2025 2024 Other income 31.397 30,216 Adjustment to opening cash balance 266 31,397 30.482 10
ISLAND OF PORTLAND HERITAGETRUST NOTES TO THE FINANCIAL STATEMENTS Forthe Year Ended 31 mah2O25 4 Charltabje actlvltles 2025 2024 General Property Malntenan Light, heat and power Computer costs Rates, water and effluent Insurance Cleaning and refuse Telephone arbd broadband Centre management fees Membership and licence fees Printing, postage and stationery Consultanty Depreciation 24,158 6.020 144 716 4.307 3.677 462 33.835 5,005 297 710 3.607 1,331 419 5,000 221 96 927 1,827 232 1.844 42,555 52.824 Independent examlner's fee 42.555 52,824 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 during year was,. 2025 Number 2024 Number Total 7 Taxatlon The charity is exempt from tax on income and Eains falling within settion 505 of the Taxe5 Att 1988 or sectlon 252 of the Tèx3tional Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives. 11
ISLAND OF PORTLAND HERITAGETRUST NOTES TO THE FINANCIAL STATEMENTS For the Yoar Ended 31 Mareh 2025 8 Tanglble flxed assets Freehold bulldln8s as at l April 2024 113.047 12.198 125.245 additions as at 31 March 2025 113.047 12,198 125,245 Depreclatlon and Impalrment as at l April 2024 75.721 11.868 87,589 depreciation charged in the year 1.761 66 1,827 a5 at 31 March 2025 77A82 11.934 89.416 Carrylng arnount at 31 March 2024 37.326 330 37.656 at 31 March 2025 35,565 264 35,829 9 Oebtors 2025 2024 Trade debtors due within one year 345 460 345 460 12
ISLAND OF PORTLAND HERITAGETRUST NOTES TO THE FINANCIAL STATEMENTS Fortho Year End•d 31 March2025 10 Creditois: amounts fall1 wlthin one year 2014 Trade ¢redltOf5 1.548 405 Accrua15 and deferred income 242 200 1.790 605 11 Analy515 of net a55ets beeen fvnds 2025 2024 Fund balances at 31 March are represented by- Tangible assets 35.829 37,656 Net curnt asset51liabilitie51 75.631 83,945 111,460 121,601 12 Related party tian&%tlons Roy Pepperell's son-in-law carried out maintenance work for the Trust during the year. The value of the work carried out. including purchase of materials. amounted to £7,399. Margaret Stone's daughter carried out cleaning work for the Trust durin8 the year. The value of the work amounted to £2,783.25. 13