REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2024 |
FOR |
THE TEMPLE TRUST |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2024 |
FOR |
THE TEMPLE TRUST |
THE TEMPLE TRUST |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2024 |
Page |
Report of the Trustees | 1 | to | 3 |
Independent Examiner's Report | 4 |
Statement of Financial Activities | 5 |
Balance Sheet | 6 | to | 7 |
Notes to the Financial Statements | 8 | to | 12 |
THE TEMPLE TRUST (REGISTERED NUMBER: 02887174) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 JANUARY 2024 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
The principal object of the Trust is to preserve for the benefit of the people of the nation at large, whatever of its historical, architectural or constructional heritage may exist in England and Wales in the form of buildings and land of particular beauty or historical, architectural or constructional interest. |
Significant activities |
During the year we developed our new website for The Shell House at Cilwendeg. This was accomplished with the help of Rich Sutcliffe and his team at The Agency for Good (a not-for-profit company that assists charities in developing tech capacity and marketing programmes). It is an excellent way of bringing very small under-funded charities like ours into the 21st century. One of our fundamental problems year by year has been a diminishing income from site donations and therefore lack of adequate revenue to maintain this precious historic building and the surrounding woodland walk. Raising grant funding to support annual revenue costs was possible (as in previous years) but also proving increasingly difficult in a post-Covid era. The idea behind the website was to create a way to vastly expand interest in (and access to) The Shell House. The new system fully embraces online booking, which is something that had never quite occurred to us before this. With the launch of the new website Shell House visitors are able to easily book and pay for their visit on any day of the week between March 1st and December 31st (9am-6pm). Rather than relying on volunteer keyholders to open and close the building on one day a week in the Spring and Summer (which was proving an unsustainable way of managing access to The Shell House), now each online booking transaction gives a four digit PIN code to the visitor to access a key safe positioned on the side of the building. With the new key safe model of access visitors are able to 'discover' the magnificent shell-work interior of the building and have a sense of connection with this historic site. The key safe idea was the inspiration of one of our new generation of Trustees, David Ellis, who has had similar experience at Picton Castle in Pembrokeshire (he is the Chairman of the Picton Castle Trust). The new website was launched at the end of December 2023. Immediately we started getting bookings between Christmas and New Years Eve! |
Two of our long-standing trustees on the Board have resigned during the year -- our Treasurer Michel Hedges-Jackson and our beloved Anne Hobson. We are tremendously grateful to both Michel and Anne for their support and dedication throughout the years and we hope to continue to keep them both informed of our progress in the years to come. |
During the year our newest Trustee to join us has been Kate Clive-Powell, daughter of our beloved late friend - the conservation architect Roger Clive-Powell. Roger lead the conservation project in 2004-6 for The Shell House. Kate is a textile conservator working in Seattle Washington. We warmly welcomed Kate to our board of trustees. She is the third of the new generation of trustees who we hope will help us assure the future of The Cilwendeg Shell House. We very much appreciate her father's work on the Shell House - it is part of his legacy and certainly without him it just would not have been possible to deliver such an exemplary conservation project. The project was a winner of the Georgian Group Architectural Awards in 2007. |
During 2023 we commissioned the conservation architect Mark Vines of Acanthus Holden Architects to help us understand how we can remedy the damp problem that we have discovered in The Shell House at Cilwendeg. It is a problem that was previously only evident on the outside of the building (which we noted in 2015), however, more recently some areas of the shellwork were also showing signs of discolouration (calcification) and even possibly white mould. It is a clear sign of water saturation in the front and rear gables that will need to be addressed with a waterproofing leadwork course. |
It was our plan to find two new ironwork garden seats for the enjoyment of visitors and volunteers while on site at Cilwendeg. However, the cost of developing the Shell House website and the architectural planning work (leading to future repairs of the building) has had to take priority this last year. We hope that with increased revenue from the new website we will be able to revive the idea of the garden seats - and we hope our other new trustee Cristian Beadman can help guide us on the choice of garden seats. |
THE TEMPLE TRUST (REGISTERED NUMBER: 02887174) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 JANUARY 2024 |
FINANCIAL REVIEW |
Financial position |
The trust's incoming resources for the year amounted to £1,872 (2023 - £1,081) the analysis being shown in the accompanying statement of financial activities. The increase in the year was mainly due to admissions and interest on deposits. |
The net expenditure was £3,355 (2023 - £1,773). |
There was no capital expenditure for the year to 31 January 2024. |
The funds position at 31 January 2024 is shown in the accompanying balance sheet. |
Reserves policy |
It is the policy of the trust to ensure that a suitable income stream is generated from the fund assets to finance the ongoing work of the charity and to cover management and administration and support costs. The funds are represented by bank deposits. The fund also holds the tangible fixed assets, which include The Cilwendeg Shell House. |
FUTURE PLANS |
With the new web-site facilitating vastly expanded visitor access and the corresponding revenue stream from that development, we can anticipate becoming more self-sufficient financially - at least as far as meeting the ongoing cost of managing the Cilwendeg site including woodland and grounds work and annual building maintenance and insurances etc.. In the first five months of the season the total number of online bookings exceeded 200, which has provided us with a gross revenue of over £2,000, and we still have another five months to go this year. If we continue on this general trajectory, we can estimate a revenue of between £4,000 and £5,000. All of this is very promising. Two priority items in 2024/5 will be a repaired timber and wire fence and a new gate for the Visitor Car Park, and a pair of rustic (or gothic) iron garden seats near the Shell House. |
Our current architect Mark Vines will be providing us not only with a schedule of capital repairs and remedial works to the building (a project which will require us to apply for grant funding to implement) but he will also provide us with an important maintenance plan for the ongoing care of the building itself. Some of the seasonal and annual maintenance tasks can be carried out by our own volunteer team during twice annual working weekends. Other tasks will require more specialised contractors to make sure the maintenance is optimal. |
In the coming year we will begin to do our fundraising (from grant-making trusts) for the capital schedule of works to remedy the damp problem. This phase will begin once listed building planning consent is completed and approved and once we have a comprehensive budget for those works. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The Temple Trust is a Charitable Company, Limited by Guarantee and not having a Share Capital, as defined by the Companies Act 2006.. Each member undertakes that, in the event of the Trust being wound up while he/she is a member thereof, or within one year of ceasing to be a member, he/she will contribute a sum not exceeding £5, as may be required for the payment of the debts and liabilities of the Trust and of the costs, charges and expenses of such winding up sum. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
THE TEMPLE TRUST (REGISTERED NUMBER: 02887174) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 JANUARY 2024 |
Trustees |
Company Secretary |
Independent Examiner |
K J Randall FCA |
Llewelyn Davies |
Chartered Accountants |
50 Queen Street |
Pembroke Dock |
Pembrokeshire |
SA72 6JE |
Bankers |
CAF Bank Ltd |
25 Kings Hill Avenue |
Kings Hill |
West Malling |
Kent |
ME19 4JQ |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
THE TEMPLE TRUST |
Independent examiner's report to the trustees of The Temple Trust ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2024. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
I have no concerns and have come across 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. |
K J Randall FCA |
Llewelyn Davies |
Chartered Accountants |
50 Queen Street |
Pembroke Dock |
Pembrokeshire |
SA72 6JE |
21 October 2024 |
THE TEMPLE TRUST |
STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE YEAR ENDED 31 JANUARY 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Investment income | 2 |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 25,599 |
THE TEMPLE TRUST (REGISTERED NUMBER: 02887174) |
BALANCE SHEET |
31 JANUARY 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 8 |
Unrestricted funds | 20,412 |
Restricted funds | 5,187 |
TOTAL FUNDS | 25,599 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
THE TEMPLE TRUST (REGISTERED NUMBER: 02887174) |
BALANCE SHEET - continued |
31 JANUARY 2024 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
THE TEMPLE TRUST |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2024 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
2. | INVESTMENT INCOME |
2024 | 2023 |
£ | £ |
Deposit account interest |
3. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 January 2024 nor for the year ended 31 January 2023. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023. |
THE TEMPLE TRUST |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2024 |
4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Investment income |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 20,409 | 6,963 |
TOTAL FUNDS CARRIED FORWARD | 20,412 | 5,187 | 25,599 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and |
property | fittings | Totals |
£ | £ | £ |
COST |
At 1 February 2023 and 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 January 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Loan to Cilwendig Shell House fund |
Trustees' guarantees | 35 | 35 |
THE TEMPLE TRUST |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Loan from General fund |
Accrued expenses |
8. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.2.23 | in funds | 31.1.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 20,412 | 62 | 20,474 |
Restricted funds |
Cilwendig Shell House | 5,152 | (3,417 | ) | 1,735 |
Trustees' guarantees | 35 | - | 35 |
(3,417 | ) |
TOTAL FUNDS | (3,355 | ) | 22,244 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 362 | (300 | ) | 62 |
Restricted funds |
Cilwendig Shell House | 1,510 | (4,927 | ) | (3,417 | ) |
TOTAL FUNDS | ( |
) | (3,355 | ) |
Comparatives for movement in funds |
Net |
movement | At |
At 1.2.22 | in funds | 31.1.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 20,409 | 3 | 20,412 |
Restricted funds |
Cilwendig Shell House | 6,928 | (1,776 | ) | 5,152 |
Trustees' guarantees | 35 | - | 35 |
6,963 | (1,776 | ) | 5,187 |
TOTAL FUNDS | 27,372 | (1,773 | ) | 25,599 |
THE TEMPLE TRUST |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2024 |
8. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 81 | (78 | ) | 3 |
Restricted funds |
Cilwendig Shell House | 1,000 | (2,776 | ) | (1,776 | ) |
TOTAL FUNDS | 1,081 | (2,854 | ) | (1,773 | ) |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1.2.22 | in funds | 31.1.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 20,409 | 65 | 20,474 |
Restricted funds |
Cilwendig Shell House | 6,928 | (5,193 | ) | 1,735 |
Trustees' guarantees | 35 | - | 35 |
6,963 | (5,193 | ) | 1,770 |
TOTAL FUNDS | 27,372 | (5,128 | ) | 22,244 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 443 | (378 | ) | 65 |
Restricted funds |
Cilwendig Shell House | 2,510 | (7,703 | ) | (5,193 | ) |
TOTAL FUNDS | 2,953 | (8,081 | ) | (5,128 | ) |
THE TEMPLE TRUST |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2024 |
9. | RELATED PARTY DISCLOSURES |