TUCKERS HALL EXETER UMrrED (Limited by Guarantsel UNAUDrrED HNANCIAL STATEMEKrs Year End•d 31 March 2025 CHARrrY NUMBER 291764 COMPANY NUMBER 01885692
TUCKERS HALL EXETER UMrrED YEAR ENDED 31 MARCH 2025 Page Legal and Administrativ8 Information Trustees, Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Fin8neial Statements 9-14
TUCKERS HALL EXEtER UMThED LEGAL AND ADMINISTRATIVE INFORMATION TrUSTEESIDIRECTORS N Hole lappoinied 12 September 20241 HR Parkin Iresigned 12 Sèptember 20241 IT Gardner N Sprague Fl Marsh J Brookes SECREfARY & CLERK R Thomas (resigned 31 May 20241 R Whitson lappoint8d 31 May 20241 REGISTERED OFFICE Tuckers Hall 140 Fore Str8et Exeter Devon EX4 3AN INDEPENDEKf EXAMINER C Dymond FCCA, ACA, cfA Str8ets Bush Limited 2 Barnfield Crescent Exetér EXI IQT BANKERS Lloyds Bank PIC High Street Exeter soucrroRS Mi¢helmores LLP Woodwater House nes Hill Exeter EX2 5WR
Tua(ERS HALL EXEfER UMrrED TRUSTEES. REPORT YEAR ENDED 31 MARCH 2025 GOVERNANCE This report also serves as a directors, report as required by company law. The Company was incorpor8ted in England and Wales on 13 February 1985 and is limited by guarantee under Company number 1885692. It is a registered Charity under number 0291764 and is governed by its Memorandum and Articles of Association. The directors of the charitable company Ilhe Charity'l are its trustees for the purpose of Charity L8W and throughout this report are collectively referred to as the trustees. Trustees are appointed by the members of th8 charitable company attending the Annual General Meeting. Each year one third of the trustees retire from office but are eligible for re-eleetion. The number of truslees shall not b8 less than 5 nor more than 7. The five Tru$tee$ delegate decisions to an Executive Committee of tho Incorporation of Weavers Fullers & Shearmen who are appointed annually. All administration functions are carried out by the Clerk. The Trustees are appointed from The Court of Assistants who consist of prominent local business people who bame Assistants by invitation and are provided with a fvll history of th8 Charity, its objectives and management procedures. PUBUC 8ENEFIT STATEMENr The Trustees have reviewed the outcomes and achievements of our objectives and activities for ihe year, io ensure they remain focused on our charitable aims. and conlinue to deliver benefits to the public. We hav8 complied with the duty under the Charities Act 2011 to have due regard to public benefit guidance published by the Commission. OWECTS AND ACTivmES The main objgcts of the Charity are: The maintenance and restoration of the medieval Hall known as Tuckers Hall of Exeter. Betterment of the facilities at thè Hall io encourage wider access and to extend the educational role of the premi$e$. Maintain the historical link$ and connections with the Crty of Exeter including attending Civic Processions. Tuckers Hall represents a rare surviving building that can be identified with a trade that was of hug8 importance to Exeter and Devon. Tuek•rs Hall was buitt between 1472 and 1479 as a chapel for the Guild of woollen cloth workers in Exeter. It is part of the story of the woollen cloth trade in Exeter, which made the city wealihy and a cenlre for international trade from the 1430s until the end of the 18ih century. By 1700 Exeter w8S the third most important city outside London. following 8ristol and Norwich this importance based on the woollen cloth trade. The chapel was built on a plot of18nd given to the Guild. which developed the neighbouring properties uphill and downhill. The building has a fkne wagon roof. It was converted into a hall for the Guild at the Reformation. to avoid its being confiscated. Guild meetings were probably held in the chapel from the outset.
TUCKERS HALL EXETER LIMITED TRUSTEES. REPORT Icontinuedl YEAR ENDED 31 MARCH 2025 After the Reformation the building was divided into two storeys 8nd the upper room was used for meetings of the Guild. This use has continued ever since and the Guild, known as The Incorporation of Weavers, Fullers and Shearmen. which survives in an ad8Pted form, still uses the building for meetings today. The records of the organisation survive, carefully Catalogued and deposited in the Devon Record Office. They make significant contribution to the documèntary history of the city of Exeter. In the 17th century the upper room was refurbished with high-quality ornamental panelling. There was a school for the children of the cloth-workers on the ground floor from the18te 17th century until 1841. After the decline of the Exeter wooll8n cloth industry in the lale 18th century. membership of the Guild broadened in terms of occupalion and the organisation became one that dispensed funds from various charities it administered. Many of the major figures in Exeter's history held office in the Guild. The building was the cause of major concern in the 19th century and ihe front wall was rebuilt this was in Venetian Gothic style in 1875. In 1901 the upper room was thoroughly r8furbished. includlng re-exposing the chapel roof. which had been largely concealed by plaster. A few years lai8r a fine n9W Staircase in a late 17th century style w8s installed. a good 8xampl8 of local craftsman8hip of the period. In the latter half of the 20th century, looking after the building and its history has been the main preoccupaiion of the Guild. In 1968 the Guild commissioned Joyce Youings to write an academic PLtblication on the history of the Guild and the building. This useffijl study painted a detailed and wide-ranging picture of the Guild and its memberg. FINANCIAL REVIEW Unre8tri¢ted income in total was £70,768 12024: £55,494) and th1$ w88 used to cover the running ¢osts of the hall and administration ¢osts of £40.00512024.' £44,174) excluding depreciation of £9,056 12024.. £9,9051. Coupled with gainslldeficitsl on invègtments of 1£6,601112024: £12,368 gain), net income for the year was £15.10612024: £13.7831. Restrirted income of £2.975 was received during the year. £1.597 of the restricted funds were used during the year, leaving £1,378 to add to restricted funds and carry forward towards intern costs. ACHIEVEMENTS AND PERFORMANCE The renovation and development of Tuckers Hall has Continued and its Interpretatlon C8ntre to attract visitors from all over the vmrld.
TUCKERS HALL EXEtER UMrtED TrUSTEES' REPORT Intinued) YEAR ENDED 31 MARCH 2025 Tuckers Hall Interpretation Centre Synopsis 0ECTIVEs To display the origins, history and development of the Incorporation of Weavers, Fullers and Shearmen IIWFSI. To explain the features of Tuckers Hall and its use as a chapel, meeting place and 8 schoolroom. To put in context ihe significance of the cloth trade and its impact on the prosperity of Exeter. To establish a learning centre for schools and educational projects,. for indlvidu81 udentS and the public. The Intérprgtation Centre occupieg the Entrance Hall and Lower Hall and will 8chiev8 the objectives bv.. An audiolvisual DVD presentation with $ubtitle$ and an induction loop,. with removable theatre style seating. Computer screens with tracker balls. interactlvely displaying tho history of the Hall, the Incorpor81ion and the cloth trade, with links to other, associated historic $iles in Exeter and the surrounding area. Graphic boards illustrating the chronology of the In¢orporation and th• Hall, Disp18y cases with the Officers, Robes and associatèd artefaots. Tuekers Hall is an historic listed building which dates back to 1471. The timber '8arrel' Roof 18 original 8nd 8 very sp8cial fe81ure of the building. Thg Charity's policy on reserves Is to m8int8in a $uffi¢ignt level of resources In order to malnialn Tuckers Hall and deal with unexpected expenditure on repairs and restoration that is often a fealure of such old buildings, and to increase those reserves if possible. We aim to hold unreslricted reserves of approximately £100.000 to cover18rg8 on8 off r8pairs. Any excess reserves are invested to provide returns that will cover general r8pairs to Tuckers Hall should fulure donations not be sufficient. At the year end total reserve$ amounted to £466,489. Of this, £13,007 was held in tangible fixed assets, £258.035 in heritage assèts. and £4.040 in restricted funds. This1oave$ £191,407 of f ree reserves as at the ygar end12024: £166.1241. As well as the flnanci81 risk referred to above. the major risk to which the Charity is exposed is fire Iyamage to the Hall. In order to reduce the risk the following preventativ8 action has been taken.. Fire alarm connected to monitoring centre and fire service. Flewiring of part of electrical installation and regular testing of electrical system. Installation of burglar alami system connected to call centre. Reviewing and increasing insurance cover.
TUCKERS HALL EXETER LIMITED TRUStEES' REPORT l¢ontlnuedl YEAR ENDED 31 MARCH 2025 Forming property sub-committee to supervise all matters relating to the building. This sub. Committee is currently undertaking a full review of the condition of the building. RELATED PARTIES The Charlty has common Trustees wlth Weavers Fullers and Shearmen Charitigs Limited Icharity number 10521241. Both charities were set up by the Incorporation of Tuckers Hall. STATEMENT OF TRUSTEES RESPONSIBILtnES Company law requires the trustees to prepare financial statements for each financial year which show a true and fair vi6w of the stale of affairs of the Charlty and its financial activities for that period. In preparing those financial statements. the trustees are required to: select suitable accounting policies and then 8pply them con$i$tently: make judgements and estimates that are reasonabl8 and prudenl; State whether applicable 8ccounting standard$ and statements of recommended practice have been followgd subject to any departures disclos&J and explained in the financial statements.. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will ¢ontinue in operation exi$ten¢a. The trustees are responsible for keeping proper accounting records which disclose wilh reasonable accuracy at any lime the finaneial position of the Charity and to enable them to ensure that the financial siaiements comply with the Companies Act 2006 and the Charities Act 2011. The trusiees 8re also responsible for safeguarding the assets of the Charity and hgncè for taking reasonable sleps for prevention and detection of fraud and other irregularities. STATUS OF REPORT This report, whieh h88 been prepared in accordance wih the special provisions of Part 15 of the Companies Act 2006 relating to small ¢ompanies. was approved by the Board on ..3ol.o.S.1.2.5... ..... and signed behalf. N Sprague IDire¢torl R Marsh (Dlrertorl
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF TUCKERS HALL EXEfER UMrrED I report on the accourrts of the Charity for the year ended 31 March 2025. which are Set out on p8ges 7t014. Respective Responsibllltles of Tntstees and Examiner The trustees Iwho are also the directors of the company for the purpos89 of company lawl are responsible for the preparation of the accounts in ac*ordance with the requirements of ihe Companies Act 20061'the 2006 ACVI. The charity's twstees consider that an audit is not required for this year under Section 144121 of the Charities Act 2011 Ithe 2011 Act) and that an independent examination is needed. Having satisfied myself that the Charity is not subject to audit under Part 16 of the 2006 Act and is eligible for an independent examination it is my responsibility to: examine the accounts under séction 145 of the 2011 Act: to follow th8 procedures laid down in the General Dlrections given by the Charity Commission under section 14515llbl of the 2011 Act; and to state whether particular matters have come to my attentlon. Ba$1$ of Independent Examinerfs Roport My examination w85 carriad out in accordance wth the General Dlrectlons given by th8 Charitv Commission. An examination includ89 a review of the aUntIng records kept by the charity and a compari80n of the accounts presented with those records. It also includes consideration of anv unusual items or disclosures in Ihe accounts, and the seeking of explanations from you as trustees concerning 8ny Such matters. The procedures undertaken do not provide all the evidence that would be requirod in an audit and, consequently, no opinion 1$ given 8$ to whether the 8ceount$ present 8 'true and lair view" and the report is limited to those matt6rs set out in thè statement below. Independent Ex4mlnor's Ststement In connection with my examination. no matter has come to my attention.. which gives me reasonable cause to belleve that. in any material respect. the requirements to keep accounting records in accordance with section 386 of the Compani8$ Act 2006,. 8nd bl to prepare a¢¢ounts which accord with the accounting records. comply with the accounting requirements of section 396 the Companies Act and with methods and principles of the Statement of Recommended Practice Accounting and Reporting by Charities have not been met or to which, in my opinion, attention should be drawn in order to enable a proper underst8nding of the accounts to be reached. C Dymond FCCA. ACA CTA Stregts Bush Limited Chartered Accountants 2 Barnfield Crescent Exeter EXI IQT
TUCKERS AALL EXETER UMITED STATEMENT OF RNANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDrruRE Accoupm YEAR ENDED 31 MARCH 2025 2025........... 2024 Total Unr&strlct8d Fundl Fund Fund Total INCOME FROM Donations ond Lagael•s Gifts, donations and lax recovered Dividend income Grant income Interest income Charitable Actlvltl88'. Hlre of hall 61.153 3.879 61.153 3.879 2.975 1.007 42,861 3,791 3,052 1,024 2.975 1.007 4.729 4.729 7,81B Total Incom• 70.768 2.975 73.743 58.546 EXPENDITURE ON Charltable Activitlos: Pmvision olH8H.' In8ur8nce Light and heat Rates and water General repairs Telephone Oepre¢iation Sundry expenses Support Cosm" Fees lor Indop8nd8nt Examinètion 8eadle's leo$ Cl$rk's foes and administrations •$$istant Intèrn Costs Leoal and profession81 fet¥ Advertislng Postage and stationery Charitable ¢Jonaiions Computer and websit¢ $xpenses 11,809 2.627 623 S,571 11,809 2,627 623 5.571 563 9,056 10,684 3.694 56 3,279 1,S27 9,905 1.720 9,056 3,209 8.773 3,209 8,773 I,OC*) 1.597 2.694 3,429 8,192 1,000 1,772 3,375 2,S12 1,850 1.597 158 158 1,000 1,032 1.032 2.856 Total Expendhurn 49,061 1.597 50,658 55,851 NET ILOSSESIIGAINS ON INVESTMETr 16.6011 16,6011 12,368 NEf INCOMEIIEXPENOITUAEI 15.106 1.378 16.484 15,063 Transfers between funds 1.280 11.2801 NET MOVEMEpif IN FUNDS 16,386 98 16.449 15,118 Reconciliation of fvnds: Total funds broughi I0rd 446,063 3,942 450,005 434,942 FUND BALANCES CARRIED FORWARD 462.449 466,489 450.005 The r)otes on pages 9 to 14 form part of these financial statements.
TUCKERS HALL EXETER UMrrED IREGISTERED NUMBER: 18856921 BALANCE SHEEr AS AT 31 MARCH 2025 FIXED ASSErs Tangible assets Heritage assets Invastment5 13.(KJ7 258.035 135.079 15,273 264,666 141,680 406.121 421.619 CURRETrTh ASSErs Debtors Deposlt aecount Cash in bank eurrent account and in hand 19.115 21.038 24.298 19,475 21,039 10,129 64.451 50,643 CREDITORS.. Due withln one ar 22,257 NET CURRENT ASSErs 28.386 ASSETS 450.IXJ5 RESERVES Restricted funds Unrestricted fund8 10 10 3,942 446,063 462.449 450,005 The company is Bntitled to exemption from audit under the Ch8riti86 Act 2011 8nd Section 477 of the Componies 2006 for the ye8r ended 31 March 2025. The members have not required ihe company to obtain 8n audit of its financial statements foi the yèar ended 31 Mah 2025 in accordance with tho Charities Ath 2011 and Section 476 of th8 Companies Act 2006. Th8 directors aeknowledge th8ir responsibilities for: ensuring ih8t the company keeps accounting records which comply with Sections 386 and 387 of the Companie$ Act 2006 and preparing fin8ncial statements which give a true and fair view of the atts of affairs of the company as at the end of èaeh financial year and of its profit or loss for each financial year in accordance with ihe requir&m8nts of Sections 394 and 395 8nd which otherwise comply with the requirements of the Compani9$ Act 2(NJ6 relating to financial ststemenls, so far as applicable to the company. bl The financial alernents have been prepared in aecordanee wf(h the provisions applicable to companies subject to the small companies regime. statements were approved by the bo8rd of trustees on ...>lo.5.1.2.5............. and were Thefi sign prague I rectorl R Marsh (Director)
TUa(ERS HALL EXETER UMrfED NOTES TO THE UNAUDftED HNANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ACCOUPlllNG POUCIES Acwunting Convention The financial statements of the charitable company, which is a public benefit enlity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities= Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Rgpublic of Ireland IFRS 1021 leffectiv8 l January 20151,. Section 1A 'Small Entities- of Financial Reporting Standard 102 The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland. and the Companies Act 2006. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value. Flnanclal Reporting Stsndavd 102- roduced disdosurg exemptions The charity has taken advantage of ihe exemption of the requirements of Section 7 Statements of Cash Flows in preparing these finaneial statements. as permitted by FRS 102 'The Financial Reporting Standard in the UK and Republic of Ireland, Golng Coneem The fln8nei81 statemen1$ have been prepared on a golng ¢on¢ern ba$1$ 8$ ihere are no material uncertainties about the charity's ability to continue operating. Recognition of InMme and Expendhure Income is included in th6 financial ateMentS when it is raceived except for donations under gift aid which are grossed up to include the income tax recoverable and the hire of the hall which is on an accruals basis. Expenditure is included on the 3rU?13 basis. Charitable activities comprise all costs incurred by the charity in the delivery of its activitles and services for its beneficiaries. Governance ¢ost$ include tho$e costs as$o¢iated with meeting the Constitutional and statutory requirements of the charity. Depreclatlon Depreciation is provided to write off the agsets over their estimated useful lives as follows.. Land Not deprociated Equipmant 15% per annum reducing balance Exhibition equipment 33.33% per annum Straight line Computer and website 20% per annum straight line Heritage Assets Heritage 8ssets are slated at cost and are depreciated at 2% per annum straight line. Investments Investments are stated at market value at the balance sheet date and the g8in or loss on revaluation is taken to the Statement of Financial Activities. Debtors Debtors are included at the settlement amount due. Cash at bank Cash at bank includes cash and short temi highly liquid investments with a short m8turity of three months or less from the date of opening of the deposit.
TUCKERS HALL EXEfER UMrrED NOTES TO THE UNAUDrrED FINANCIAL sTATEmEs YEAR ENDED 31 MARCH 2025 1. ACCOUNTING POUCIES lcontinuedl Credhors Creditors are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third paity and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount. Interest free loans have not been discounted as they have no set repayment date. Deferred Income Deferred income is recognised when hall hire income is received prior to the year-end but the hall hire occurs in the next finanGi81 period. Flnan¢l•l In$trvmants The charity only has finan¢ial asseis and liabilities of a kind that qualify as basic financial Instruments. Basic financial instrumenis are iniiially recognised at transaction value and subsoquently measured at their settlement value. Fund A¢¢ountlng Funds held by the charity ar• oithor. Unrostrlcted General Funds These are funds which can be used in accordanGe with the charitablo objects at the discretion of the trustees. R•strlct•d Fund$ These are funds that can only be used for particular restricted purpose$ within the objects of the charity. Resiriciions arise when specified by the donor or when funds are raised for particular purpose8. TAXATION The charitable company is &xempt from corporation tax on its charitable activitles. AVERAGE EMPLOYEES & STAFF COSTS The 8verage number of employees during the year was nil12024: nill. TRUSTEES. REMUNERATION AND EXPENSES No remunèr8tion directly or indirectly out of the funds of the charity was p8id or payable for the year to anytrustee orto any pérson or parson8 known to be connected with any ofthem. No reimbursement ofexpenses has been made or is due to be made to any ofthe trustees in respect of the year. There were no other financial transactions made wlth trustees during the year. 10
TUCKERS HALL EXEtER UMITED NOTES TO THE UNAUDrrED FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 TANGIBLE FIXED ASSETS Exhibition Equipment Equipment Computer & Webslte Totsl COST At 1 April 2024 Additions 71.139 118.640 3,853 157 193,632 157 At 31 March 2025 71.139 118.640 4,010 193,789 DEPRECIATION Ai 1 April 2024 Charge for the year 55,985 2,273 118.640 3.734 151 178,359 2,424 At 31 March 2025 58,258 118,640 180,782 NET BOOK VALUE At 31 March 2025 12.881 126 13,007 At 31 March 2024 18.253 240 18.493
TUCI(ERS HALL EXEfER UMtTED NOTES TO THE UNAUDrrED RNANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 HERITAGE ASss Freohold Property COST At 1 April 2024 Additions 363,069 At 31 March 2025 363,069 DEPRECIATION At 1 April 2024 Charge lor year 98.403 6,631 At 31 March 2025 105,034 NET BOOK VALUE At 31 March 2025 258,035 At 31 March 2024 264.666 Tuckers Hall dates back 10 1471 and wntinues to this day to be the home of the Clothworkers Guild- now known as the Incorporation of Weavers Fullers and Shearmen of Exeter, It is a listed building of great significance as the cornerston8 of the woollen cloth trade in Ex8t8r which madg the city wealthy and a c¢ntrè for international trade from th8 15, to the late 181h century. The propety Is preserved and mainlalngd by members of th8 Incorporation and now includes a modern interactive Interpretstion Centre. which is open to the public, illustrating the Woollen Cloth manufacturing proceg$8s and the Development of the Cloth Trade in Exeter. Freehold property includes land of £32208 which has not been depreciated. The Trustees are of the oplnion that the market value of the freehold property exoe8ds the cost. 12
TUCKERS HALL EXEfER UMrrED NOTES TO THE UNAUDtrED HNANCIAL STATEMEKrs YEAR ENDED 31 MARCH 2025 INVESTMENTS 2024 Market value at 1 April 2024 GainllLossl on revaluation 141,680 16,6011 129,312 12.368 Market value at 31 March 2025 135,079 141,680 Investments at market value comprised: UK Equities 135.079 141,680 Historical cost a$ 31 March 2025 67.962 67,962 DEBTORS 2025 Pr6p8yments and accrued income Tax recoverable Other debtors 11.807 7,148 760 10.038 8.656 BOO 19,115 19,474 CREDITORS: Due within one year 2025 2024 Loan Accruals Clerk's fees Deferred income 18,708 2.549 4,083 1,000 4.083 22,256 The loan is interest free with no fixed repayment terms or date and is provided by current and past supporters ofthe Charity. tt is repayable on demand. 13
TUCKERS HALL EXEfER UMTfED NOTES TO THE UNAUDtrED RNANCIAL STATEME1 YEAR ENDED 31 MARCH 2025 10. RESERVES Balance Brought lonvard In¢ome Expondituro Transfers Gains/ Balance ILo$sesl Carried lorward Interns grant 2.975 11.5971 11.2801 Total restricted funds 3.942 2.975 11.5971 112801 4,040 Unrestricled funds 446,063 70.768 149,0611 1,280 16.601 462,449 450,005 73.743 150.6581 16,6011 466,489 Interns gr8nt This fund relates to grants received which are to be used towards the costs of interns. part of which has been utilised in tha year, the remaindèr is to be carried forward against future intern costs. 11. SUMMARY OF NET ASSETS BY FUNDS R•8trl¢t Funds Unrestricted Funds Total Flxed Asset5 Investments Net Current Assets 271.041 135,079 56,329 271,041 135.079 60,369 462,449 466,489 12. COMPANY UMITED BY GUARAiifEE Every member of the company undertakes to contribute such amounts as may be required Inot exceeding £11 to the assets of the comp8ny if it should be wound up while he is a member or within one year after he ceases to be a member. for payment of the company's debts and liabilities contrarfed before he ceases to be a member. and of the costs. charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves. 14