Heritage Publications*[1]
Trustees’ Annual Report From 29[th] August 2023 – 31[st] August 2024
Charity contact information
Heritage Publications SCIO
Scottish Charity Number: SC052782
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1 The board decided the name of the charity should change to Old Text Reprints, and this was effective 24[th] December 2024 having been approved by OSCR. The accounts were drafted, approved and inspected prior to this date.
Charity Trustees
Name all of your charity trustees for the period, and the date they left if they were not in post for the whole year.
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2
Objectives and activities
Heritage Publications was established with two purposes, namely the advancement of education and the advancement of religion. In particular, the activities are focused on returning older books that have been out of print for sometimes hundreds of years, that remain valuable in the furtherance of Biblical Christian Truth and may be of benefit for the wellbeing and harmony amongst Christians, as well as extolling the unsearchable riches contained within not just books, but the Bible itself to society.
Whilst it is happy to publish, it is also open to partnering with other charitable bodies to fulfil its objectives, where that strengthens and multiplies the effective furtherance of its objectives.
Structure, governance and management
Type of governing document
The Charity is a Scottish Charitable Incorporated Organisation (a SCIO). It was registered in its current legal form on 29 August 2023. It has a single tier structure and as such the trustees are the members of the charity. Accordingly, its governing document is SCVO Model SCIO Constitution (single tier)
Trustee recruitment and appointment
The board currently consists of four trustees, from diverse backgrounds, that are passionate about the aims and activities of the organisation and bring considerable expertise and knowledge to the team. The board regularly review the capability and opportunities to increase representation, and this is an ongoing process.
3
Achievements and performance
In our first year, the board has been established and developed a strategy for operation. We have identified several books, one which has been out of print for over 180 years. A scarcely available copy was obtained of one book. It is not only a wonderful Christian book, but part of the history of Scotland dating to the 1700s.
Whilst it is early days, work has commenced to identify a publisher. After several disappointments and a false start with several, work is progressing with one, and it is hoped to progress further within the next year.
The board launched a procurement exercise, to seek expertise and services for the capturing of text. Given the age of the first book, and archaic lettering used, it appears to be proving more challenging and likely expensive, and no decisions were made, or contracts agreed. The board are now researching other options, considering the cost and the production challenges.
Financial review
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Income and Expenditure Summary (£)
0 5000 10000 15000 20000 25000 30000
Expenditure Income
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The board are pleased to have overseen donations to the work totalling almost £25k. Expenditure relates to the acquisition of some difficult to find works and some initial work on transcribing, as well as operating costs. No payments were made to trustees during the period of the accounts.
Statement of the charity’s policy on reserves
The board seek to progress its activities as funds permit and accordingly will hold reserves dependent upon each title cost. For the first title, it is likely to take significant investment to reproduce hundreds of pages in modern print and accordingly the board will continue focusing on the raising of funds for this purpose.
Details of any deficit
The board are thankful for the financial position, and the absence of a deficit.
4
Donated facilities and services
None in current year
Accounts.
The board are thankful to the independent examiner for the work in inspecting the accounts and note his report does not raise any matters of concern or disclosures.
Future plans
Within the 2024/2025 reporting period, the board hope to:
-
Secure procurement advice
-
Re-tender our requirement for the transcribing and proofreading of the first title.
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Progress and complete the bulk of the first title reproduction.
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Secure a publisher and agree terms.
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Provide services to ensure a comprehensive awareness strategy of the first title.
Declaration
Signed on behalf of the charity trustees:
Date
1[st] November 2024
5
)
APPENDIX 2
§C052782
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|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|(NCLlame|ea|an|Dpp||Receipts and payments accounts|||
|LO|FS|DS|AN|For the period|||I]|ii|| ||I|lI|||
|Scottish Chanty Regulator|trom|29|August|2023|ca [ August|i|[__202|
|Section A Statement|of receipts|and|payments|
|Unrestricted|Restricted|Expendable|Permanent|Total funds|Total funds|last|
|funds|funds|endowmont|ondowment|current period|period|
|funds|funds|
|to|nearest|£|to|nearest|£|to|noarost|£|to|noarest|£|to|nearest|£|to|nearest|£|
|Ai|Receipts|
|Legacies|24,899|24,009|
||||.|[ane]|
|Receipts from fundraising|activities|||||
|landIncome andfrom buildingsinvestments|other|than|Pd|
|Rents from|land & buildings|||||is|
|Gross|receipts|from|other|chantable|
|AT|Sub|total||24,099)|
|A2|Receipts|from|asset &|
|investment sales|
|Proceeds from sale of fixed assets|||
|[Proceedsofinvestments from sale|AZ|||||
|Sub|total]||
|A3|Payments|
|[spencer|Rincsiong actos|(lili|
|a|a|
|Tnvesmentmanagenartcoss|||—|
|activitiesPayments relating|directly to charitable ||42,0001|ee|
|[rans|anddonators|||
|SoveneneeconsAudit|Ee.*|
|/ independent examinationfe|=e)|
|oo|ears)|
|a|ee|aa|
|ptear|||
|A3 Sub|total}|12,274=|||12,274|
|A4 Payments|relating|to asset and|
|investment|movements|
|Purchases of fixed assets|;|
|Purchase of investments|YY|
|Aa Sub|toral|||
|net recap|payments [a][]|]} [T|an|
|as Transfers to/(fromfunds [TE CF|
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A
APPENDIX 2
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’ - $C052782
Section B Statement of balances
; Expendable Permanent nt
;
Cateaones Deto Virrestrtotertfive Roatrlotad finda endowmentfunda endowmentfunda Totalperiod curre Total last period
B1 Cash funds Cash and bank balances at atait of yent to Noniwmate fo Hearmal & fo nenroale. fo nenroat &. __ tonearest é to nearest £
Surplus / (deftoit) shown on recelpta and
payments account 12,626 12,626
Cash and bank balances at end of year | 12028) 12,626
(Agree balances with receipts and payments
account(s))
Details Fund to which asset belongs Market valuation Last year
to nearest £ to nearest £
i — —
Total
Details Fund to which asset belongs Cost (if available) Current valueavailable) (if Last year
- to nearest £ to nearest £ to nearest£
= =
Total
Details Fund to which llability relates Amount due Last year
i —< — to nearest £ to nearest £
Total
Details Fund to which liability relates oiinaed Last year
to nearest £ to nearest £
— — —
Total
Signed by one or two trustees Date of
on behaif of all the trustees Signature Print Name approvaate of '
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2024_Accounts_Draft / Statement of balances
2
December 2007
\
APPENDIX 2
"
- 8C052782
Section C Notes to the Accounts
C1 Nature and purpose of ee funds (may de stated on
analysis of funds worksheets) All funds were/are unrestricted and were used/intended for the exclusive furtherance of the objects of the chaniy. Type of activity or project supported elton, — . - —= Total C3a Trustee remuneration If no remuneration was paid during the period to any charity trustee or person connected to a trustee cross this box (otherwise complete section 3b) Authority under which paid f C3b Trustee remuneration - details C4a Trustee expenses If no expenses were paid to any charity trustee during the period then cross this box (otherwise complete section 4b) Number of £ trustees C4b Trustee expenses - details Transaction Balance Nature of relationship. Nature of transaction. amount (€) outstanding at
C& Transactions with trustees and connected persons - ee 2024_Accounts_Draft / Notes 3 December 2007
December 2007
APPENDIX 3
Scottish Charity Regulator
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Independent examiner’s report on the accounts
Report to the Charity name
trustees/members of Heritage Publications
; OO |
Registered charity SC 052 782
number a ee ee
On the accounts of the Period start date | | Period end date
charity for the period Day Month _ Year | _ Day | Month Year
to
aT/ ee4 A3 $/ ( ‘4 ¢
Set out on pages )- 3 fonbereber of additionalto include sheets)th
Respective The charity's trustees are responsible for the preparation of the accounts in accordance
responsibilities Of with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the
trustees and examiner Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees
consider that the audit requirement of Regulation 10(1) (d) of the Accounts Regulations
does not apply. It is my responsibility to examine the accounts as required under section
44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of independent My examination is carried out in accordance with Regulation 11 of the 2006 Accounts
examiner's statement Regulations. An examination includes a review of the accounting records kept by the
charity and a comparison of the accounts presented with those records. It also includes
consideration of any unusual items or disclosures in the accounts and seeks
explanations from the trustees concerning any such matters. The procedures undertaken
do not provide all the evidence that would be required in an audit and, consequently, | do
not expressan audit opinion on the view given by [the] [accounts.]
Independent examiner’s In the course of my examination, no matter has come to my attention [other than that
statement disclosed on the attached page]
4. which gives me reasonable cause to believe that in any material respect the
requirements:
to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and
Regulation 4 of the 2006 Accounts Regulations, and
to prepare accounts which accord with the accounting records and comply with
Regulation 9 of the 2006 Accounts Regulations
have not been met, or
2. to which, in my,opinion, attention should be drawn in order to enable a proper
Signed: | \ \ Ron \ ,
Name:
Relevant professional
qualification(s) or body
(if any):
Address:
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“Please delete the words in the brackets if they do not apply. If the words do apply, set out those matters which have come to your attention on the following page.
‘
A
\ APPENDIX 3
Disclosure section
Only complete if the examiner needs to highlight material problems.
Give here brief details of any items that the examiner wishes to disclose a