Charity Co Hse copy


	Teign Heritage
	(limited by guarantee)
	Trustees’ report
	for the period ended 31 December 2025


	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 14-month period ended 31 December 2025. 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 2026). CHAIR’S SUMMARY The Trustees are pleased to present their annual report to 31 December 2025. This is for a 14-month period, reflecting the Trustees’ decision to change the year-end from 31 October to 31 December. It has been a successful year. A lot has been achieved but, financially speaking, our results were disappointing. Our income was not enough to match our costs, including expenditure on essential maintenance and upgrades. We have to be careful to plan for the future against ever rising costs so as not to deplete our limited reserves. Do please read on. Richard King, Chair

	Objectives and activities

	Objectives and aims
	The charity’s vision is ’Telling the stories and keeping the memories of Teignmouth and Shaldon alive’ for the communities of Teignmouth and Shaldon. That is how we aim to carry out the formal object of our Charity, which is the advancement of education in particular by: 1. promoting interest in the history and heritage of Teignmouth, Shaldon and the surrounding district (’the Area’); 2. maintaining and developing the museum for the Area; and 3. a programme of lectures, displays, discussions and visits to extend knowledge of the Area and of history in a wide context. Teign Heritage is a local museum, run entirely by volunteers. Our Curator looks after the collection and our permanent exhibitions in the two main galleries. Our team of archivists responds to enquiries and produces our temporary exhibitions. They also research topics for articles to put online, in printed monographs or in the twice-yearly Friends’ Journal. We offer lectures and themed visits for local schools and societies. Our fully equipped Teign Room is available for school visits and for hire to community groups and businesses where possible. Other facilities include accessible toilets, baby changing facilities, a lift, a roof terrace and a retail offer.

	Public benefit
	The Trustees have had regard to the Charity Commission’s general guidance on public benefit, particularly when reviewing our aims and objectives and planning future events. They are satisfied that the charity’s activities listed above do bring significant benefit to the public in terms of education and conservation, without detriment or untoward private benefit.

	1


	Teign Heritage
	(limited by guarantee)
	Trustees’ report - continued
	for the period ended 31 December 2025

	Objectives and activities - continued

	Acknowledgement and thanks
	Early in the year, Malcolm Tipper retired as our Centre Manager after deciding to move from South Devon. The Trustees held a reception to thank him and Eileen Simpson (Education) for their great contributions to the life of the Museum, not least in Malcolm’s work leading up to our re-accreditation. Following her emigration, Beverley Knowles had kept involved but in March 2025 her resignation as trustee was reluctantly accepted. After the year-end, owing to health issues, we also lost the services of Neil Beaton (our Treasurer who sadly died) and Geoff Wood (IT and social media). Dr Christopher Davies also stood down as Trustee. In their different ways they too made significant contributions to Teign Heritage. Neil had encouraged us to adopt the new year-end, to coincide with the calendar year, and new accounting software to give us a better understanding of how we are doing, both in our work as a charity and in the ‘business’ side that pays for that work. In November, retired bank manager Steve Thompson became a trustee. And in April 2026 he was joined by retired accountant Ellie Doe. Together, they have given us some important financial guidance after the sad loss of our Treasurer. Jo Hyde (Curator) also joined us as Trustee, providing an important link with the Museum Management Committee. Though no longer a Trustee, Ian Mitchell continues to give up a great deal of time to the buildings and compliance side. The sustained success of Teign Heritage – despite inevitable funding challenges - is due to the dedicated work of our many volunteers including archivists, front of house members and the education team. A cream tea was given in thanks for all they do. We are very grateful for the contributions of the Museum Management Committee, now chaired by Jo Hyde, consisting of Jayne Adames (volunteer coordinator), Rosemary Booth (archives), Ruth Cole (who thankfully has resumed her previous position as bookkeeper), Karen Evans (office manager), Theresa Killoran (members and funds), Jenny James (retail), Christina Siviter (compiler of 50 years stories), Charlotte Stoner (events), Rosie Walden (front of house) and Lin Watson (Senior Archivist). We should also mention Lynne Godber, our new Education Leader, Geoffrey Davis who edits our twice-yearly Journal and Martin Walden who now oversees our Health & Safety, but there are many others who do important work in the background.

	Achievements and performance

	Charitable activities
	In March 2025, we completed the long-awaited application to renew our accreditation – the UK industry standard for museums and galleries – which had involved a great deal of thought and hard work from our leadership team, particularly our then Centre Manager and Senior Archivist, over several months. While we were quietly confident in our application, it was nonetheless encouraging to read this assessment from our Accreditation Mentor from Museum Development South West: ‘In the short time I have worked with the museum I have found it to be a thriving, forward thinking organisation which understands its audiences well. … The team are always looking at ways to improve the quality of the visit and the care of their collections. …. Teign Heritage is a fabulous museum which I thoroughly enjoy working with.’ At the beginning of December, we finally had confirmation from Arts Council England that we had been successful. This is a significant achievement. Accreditation is official recognition of museums that ‘manage their collections properly, engage with visitors, and are governed appropriately’, which gives us the confidence to apply for much-needed grants. Five ‘areas for development’ were suggested, which the Trustees will be considering in the months ahead. After the year-end, our Senior Archivist secured a £30,000 National Lottery Project grant for ‘new media for better access and wider audiences’. It includes a multimedia touchscreen in the Museum, information screens and heritage trail boards in Teignmouth and Shaldon respectively, upgrading our cataloguing software and much else.

	2


	Teign Heritage
	(limited by guarantee)
	Trustees’ report - continued
	for the period ended 31 December 2025

	Financial review

	Financial position
	Summary The finances have been managed by a treasury team led initially by former Trustee Beverley Knowles and then by Neil Beaton (Treasurer). The Trustees accepted Neil’s recommendation to change the year-end to coincide with the calendar year. Following his sad death soon after the year-end, Trustees Steve Thompson and, latterly, Ellie Doe have taken on that responsibility, assisted by Ruth Cole who has rejoined us as bookkeeper. We also decided to change banks but the process has proved to be frustrating. The accounts show that income for the 14-month period to 31 December 2025 was £33,402 (year to 31 October 2024: £49,848) and expenditure £50,201 (2024: £49,637), giving a deficit of £16,799 (2024: £211 surplus). These figures exclude changes in investment values. Adjustments have been made in respect of subscriptions received in November/December 2025 (effectively for 2026), given that those for the year 2024/2025 were received in the same accounting period. Last year’s welcome legacy income was not repeated. With one exception, we were not as successful, compared with previous years, in securing grant income for specific projects. Grants from local authorities have dried up completely. Income from entry fees was down, but that was partly offset by donations received in August when we again experimented with free entry. Although subscription and education income was down, we did well with events and research, and there was a welcome increase in shop sales and rentals. It is clear that we need to find new revenue streams if we are to avoid losses, let alone expand our operations. The figures below show the trend in recent years.

	Reserves policy
	A formal policy on reserves, agreed by the Trustees, aims to have the following funds held: working capital (12 months’ turnover) £40,000 reserve for future matched funding in grant applications £15,000 essential improvements to building including ‘La Terrasse’ (top floor gallery) £50,000 Costs associated with forced closure £10,000 We are theoretically slightly ahead of our reserves target, with total free (unrestricted) investments and cash at £128,000 at the year-end. But, although redundancy costs are not an issue - at least for the foreseeable future - a further review is likely to show that this target is not ambitious enough, in the light of expenditure already in the pipeline and further information received in regard to the cost of building the top floor gallery.


	Grants and funding We no longer receive an annual grant from Teignmouth Town Council or from Shaldon Parish Council. Since Teignbridge District Council withdrew its support of the SW Development Fund, we have not been eligible to apply to that Fund either. This year, we received no donations from Councillors out of their community funds. We continue to pursue other grants to carry out improvements to the Museum. An application for a National Heritage Project grant was made during the year and this was received after the year-end. Investment Policy Apart from retaining a prudent amount in reserves each year as explained below, most of the charity’s funds are to be spent in the short term so there are few funds available for long term investment. We have a modest amount invested in COIF Charities Investment Fund, run by CCLA. This investment is regularly reviewed, but the Trustees consider it to be a long-term investment and are reluctant to be swayed by inevitable volatility in stock market performance, especially in the current political and world situation.
	3


	Teign Heritage
	(limited by guarantee)
	Trustees’ report - continued
	for the period ended 31 December 2025

	Financial review - continued

	Principal risks and uncertainties
	Risk Management In addition to ongoing risk assessments in regard to visitors, hirers and school visits, the Trustees annually assess the major risks to which the charity as a whole is exposed, in particular those relating to the operational areas of the charity and its finances, by identifying and ranking risks in terms of their potential impact and likelihood. The Trustees have reviewed those risks and taken such steps to mitigate them as they are able.

	Future plans
	Looking ahead Work continues on updating our policies and procedures in line with the requirements for the Accreditation Standard from Arts Council England. The ‘La Terrasse’ project, to develop out the top floor of the Museum to provide additional space, remains on hold until sufficient resources – in terms of both funds and skilled personnel - can be found. We are looking to recruit more volunteers, including Trustees, with the necessary skills in education, fund- raising and social media. It has not been possible to fill the role of Centre Manager, but our other managers have filled the gap with great skill and dedication.

	Structure, governance and management

	Governing document
	Structure Teign Heritage is a charitable company limited by guarantee, incorporated on 12 July 2006 and registered as a charity on 25 September 2006. As a charity, it is able to dispense with the word ’Limited’ in its name. The company was established under a Memorandum and Articles of Association which set out the objects and powers of the charity and how it is governed. In the event of its being wound up, its members (who are also the Trustees) are required to contribute an amount not exceeding £10. The directors are also the charity trustees for the purpose of charity law, so under the company’s Articles they are described as Trustees. They are elected to serve for a period of three years, after which they can be re-elected (by the Trustees themselves, in their capacity as the company members) at the next AGM up to a maximum of three consecutive terms. The Articles adopted in December 2019 permit a trustee to continue in office for up to three further periods of one year if the other members unanimously consider it to be in the charity’s interests for the trustee’s maximum nine years’ service to be extended. In two cases, we have taken advantage of that provision.

	4


	Teign Heritage
	(limited by guarantee)
	Trustees’ report - continued
	for the period ended 31 December 2025

	Structure, governance and management - continued

	Charity constitution
	Governance The Trustees – who now include the Curator - are supported by a Management Committee which oversees the day-to-day management of the Museum, including the education programme, events and retail sales. The Management Committee also assists with recruitment and supervision of volunteer front of house members and archivists who are essential to the functioning of the Museum. Trustees (and indeed volunteers) have traditionally been recruited by word of mouth among local people known to be interested in heritage matters. Some external advertising has also been carried out locally. Currently there is no formal induction process for Trustees as the trustee induction pack is still under review following our re-accreditation. Meantime their attention is drawn to our policies and procedures and to the Charity Commission’s CC3 guidance (’the Essential Trustee: what you need to know’) and to available seminars and workshops. The Curator and Senior Archivist attend museum-related meetings such as the Teignbridge and Devon Museums Groups and RPRP, the Rural Proofing Resilience programme developed by South West Museums Development. All Trustees give their time voluntarily and received no benefits from the charity. They may claim expenses but in practice none of them does.

	Recruitment and appointment of new trustees
	Trustees and Personnel The responsibility for managing the Museum and the wider charity rests with the Trustees, supported by our Curator, Senior Archivist, office and retail managers and other members of the MMC as we have explained above. We are very grateful to them and to all our front of house members and volunteers, without whom the Museum could not function. We still need more volunteers to carry out the many tasks that are needed to make the Museum work. We have noted various changes in personnel above.

	Reference and administrative details

	Company registration number
	05874265

	Charity registration number
	1116204

	5


	Independent examiner’s report to the trustees of Teign Heritage


	I report on the accounts of Teign Heritage (the “charitable company”) for the period ended 31 December 2025.

	Responsibilities and basis of report
	As trustees of the charitable 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 charitable 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 the charitable company’s accounts carried out under section 145 of the Charities Act2011 (“the 2011 Act”) and in carrying out my examination, I have followed all applicable Directions given by the Charity Commission under 145(5)(b) of the 2011 Act.

	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 giving me cause to believe that in any material respect:
	1. accounting records were not kept in respect of the charitable 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.

	David Rudall FMAAT AFA
	Greenwood Accountancy Ltd
	5 Pellew Arcade
	Teignmouth
	Devon
	TQ14 8EB
	United Kingdom

	Date:	19 August 2026

	8


Teign Heritage
(limited by guarantee)
Statement of financial activities
for the period ended 31 December 2025

				Period ended 31 Dec 25	Period ended 31 Oct 24
		Unrestricted funds	Restricted funds	Total funds	Total funds
	Note	£	£	£	£
Income from:
Donations and legacies	3	4,184	1,710	5,894	20,474
Charitable activities	4	20,102	-	20,102	21,364
Other trading activities	5	7,049	-	7,049	6,043
Investments	6	357	-	357	407
Other	7	-	-	-	1,560
Total		31,692	1,710	33,402	49,848

Expenditure on:
Raising funds	8	(4,967)	-	(4,967)	(4,109)
Charitable activities	9	(41,891)	(10,948)	(52,839)	(45,528)
Total		(46,858)	(10,948)	(57,806)	(49,637)

Net (losses) / gains on investments		(561)	-	(561)	9,742

Net movement in funds		(15,727)	(9,238)	(24,965)	9,953

Reconciliation of funds:
Total funds brought forward		141,986	804,792	946,778	936,825

Total funds carried forward		126,259	795,554	921,813	946,778


9


Teign Heritage
(limited by guarantee)
Balance sheet
as at 31 December 2025

		31 Dec 25		31 Oct 24
	Note	£	£	£	£
Fixed assets
Tangible assets	16	789,326		796,931
Investments	17	98,232		78,793
			887,558		875,724
Current assets
Stocks	18	2,998		2,998
Debtors	19	1,146		3,593
Cash at bank and in hand	20	[IX_ITEM_PLACEHOLDER114_OPEN_TAG_CashAtBankAndOnHandCY]34,475[IX_ITEM_PLACEHOLDER114_CLOSE_TAG_CashAtBankAndOnHandCY]		[IX_ITEM_PLACEHOLDER115_OPEN_TAG_CashAtBankAndOnHandPY]66,651[IX_ITEM_PLACEHOLDER115_CLOSE_TAG_CashAtBankAndOnHandPY]
			38,619		73,242
Creditors: amounts falling due within one year	21		(4,364)		(2,188)
Net current assets			34,255		71,054
NET ASSETS			921,813		946,778

The funds of the charity:
Unrestricted funds			126,259		141,986
Restricted funds			795,554		804,792
TOTAL FUNDS	22		921,813		946,778


The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 31 December 2025.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

10


Teign Heritage
(limited by guarantee)
Notes to the financial statements
for the period ended 31 December 2025


1	Statutory information

	Teign Heritage is a charitable company registered in England and Wales. Its company registration number is 05874265 and its charity registration number is 1116204. The charitable company is limited by guarantee. Its registered office is 29 French Street, Teignmouth, Devon, TQ14 8ST.

2	Accounting policies

	Basis of preparing the financial statements
	These 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)’, the 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 historic cost convention.

	Going concern
	In preparing these financial statements, the trustees have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the charitable company’s ability to continue as a going concern. In making this assessment, the trustees take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.

	The trustees consider that the charitable company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.

	Income
	All income is recognised in the Statement of financial activities once the charitable company has entitlement to the funds, it is probable that the income will be received and 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 charitable company 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.

	Tangible fixed assets
	Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

	Land and buildings:
	Long leasehold property	-	2% straight line
	Plant and machinery etc.:
	Plant and machinery	-	20% reducing balance

12


Teign Heritage
(limited by guarantee)
Notes to the financial statements - continued
for the period ended 31 December 2025
2	Accounting policies - continued

	Stocks
	Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

	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 charitable company. 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.

3	Income from donations and legacies

				Period ended 31 Dec 25	Period ended 31 Oct 24
		Unrestricted funds	Restricted funds	Total funds	Total funds
		£	£	£	£
	Donations	3,478	1,710	5,188	10,956
	Gift aid	706	-	706	2,920
	Legacies	-	-	-	6,598
		4,184	1,710	5,894	20,474


4	Income from charitable activities

				Period ended 31 Dec 25	Period ended 31 Oct 24
		Unrestricted funds	Restricted funds	Total funds	Total funds
		£	£	£	£
	General	20,102	-	20,102	21,364


13


Teign Heritage
(limited by guarantee)
Notes to the financial statements - continued
for the period ended 31 December 2025

4	Income from charitable activities - continued

				Period ended 31 Dec 25	Period ended 31 Oct 24
		Unrestricted funds	Restricted funds	Total funds	Total funds
		£	£	£	£
	Admissions	6,366	-	6,366	6,691
	Educational activities	22	-	22	680
	Rental income - rooms	8,642	-	8,642	9,297
	Subscriptions	3,953	-	3,953	4,205
	Research	1,119	-	1,119	491
		20,102	-	20,102	21,364


5	Income from other trading activities

				Period ended 31 Dec 25	Period ended 31 Oct 24
		Unrestricted funds	Restricted funds	Total funds	Total funds
		£	£	£	£
	Fundraising events	1,535	-	1,535	1,133
	Shop income	5,514	-	5,514	4,910
		7,049	-	7,049	6,043


6	Investment income

				Period ended 31 Dec 25	Period ended 31 Oct 24
		Unrestricted funds	Restricted funds	Total funds	Total funds
		£	£	£	£
	Interest receivable and similar income	357	-	357	407


14


Teign Heritage
(limited by guarantee)
Notes to the financial statements - continued
for the period ended 31 December 2025

7	Other income

				Period ended 31 Dec 25	Period ended 31 Oct 24
		Unrestricted funds	Restricted funds	Total funds	Total funds
		£	£	£	£
	Gain on sale of fixed assets	-	-	-	1,560


8	Expenditure on raising funds

	Raising donations and legacies
				Period ended 31 Dec 25	Period ended 31 Oct 24
		Unrestricted funds	Restricted funds	Total funds	Total funds
		£	£	£	£
	Other costs	4,421	-	4,421	4,109

	Investment management costs
				Period ended 31 Dec 25	Period ended 31 Oct 24
		Unrestricted funds	Restricted funds	Total funds	Total funds
		£	£	£	£
	Support costs	546	-	546	-

	Aggregate amounts	4,967	-	4,967	4,109


9	Expenditure on charitable activities

	Analysis by type of fund
				Period ended 31 Dec 25	Period ended 31 Oct 24
		Unrestricted funds	Restricted funds	Total funds	Total funds
		£	£	£	£
	General	41,891	10,948	52,839	45,528


15


Teign Heritage
(limited by guarantee)
Notes to the financial statements - continued
for the period ended 31 December 2025

9	Expenditure on charitable activities - continued

	Analysis by type of expenditure
				Period ended 31 Dec 25	Period ended 31 Oct 24
				Direct costs (see note 10)	Total
				£	£
	General			52,839	45,528
				52,839	45,528


10	Direct costs

				Period ended 31 Dec 25	Period ended 31 Oct 24
		Unrestricted funds	Restricted funds	Total funds	Total funds
		£	£	£	£
	Other costs	41,801	3,433	45,234	36,918
	Depreciation of fixed assets	90	7,515	7,605	7,609
		41,891	10,948	52,839	44,527


11	Support costs

	Support costs, grouped by function, are apportioned to activities as follows:
				Period ended 31 Dec 25	Period ended 31 Oct 24
				Governance costs	Total
				£	£
	Investment management costs			546	-
	General			-	1,001
				546	1,001

	Support costs, grouped by function, are analysed as follows:

16


Teign Heritage
(limited by guarantee)
Notes to the financial statements - continued
for the period ended 31 December 2025

11	Support costs - continued

	Support costs, grouped by function, are analysed as follows:
		Period ended 31 Dec 25	Period ended 31 Oct 24
		Governance costs	Total
		£	£
	Other costs	546	1,001


12	Independent examiner’s remuneration

		Period ended 31 Dec 25	Period ended 31 Oct 24
		£	£
	Fees paid to the charitable company’s independent examiner for:


13	Trustees’ remuneration and expenses

	The trustees did not receive any remuneration or other benefits in either period.

	Trustees’ expenses

	No trustee was reimbursed for expenses incurred in either period.

14	Employees

	During the period the average number of employees was Nil (2024 - Nil).

	No employees received emoluments exceeding £60,000 in either period.

17


Teign Heritage
(limited by guarantee)
Notes to the financial statements - continued
for the period ended 31 December 2025

15	Comparatives for the Statement of financial activities

		Unrestricted funds	Restricted funds	Total funds
		£	£	£
	Income from:
	Donations and legacies	13,310	7,164	20,474
	Charitable activities	21,364	-	21,364
	Other trading activities	6,042	1	6,043
	Investments	407	-	407
	Other	1,560	-	1,560
	Total	42,683	7,165	49,848

	Expenditure on:
	Raising funds	(4,109)	-	(4,109)
	Charitable activities	(28,723)	(16,805)	(45,528)
	Total	(32,832)	(16,805)	(49,637)

	Net gains on investments	9,742	-	9,742

	Net movement in funds	19,593	(9,640)	9,953

	Reconciliation of funds:
	Total funds brought forward	122,393	814,432	936,825

	Total funds carried forward	141,986	804,792	946,778


16	Tangible fixed assets

		Long leasehold property	Plant and machinery	Total
		£	£	£
	Cost
	At 1 November 2024	[IX_ITEM_PLACEHOLDER293_OPEN_TAG_LongLholdPropCostBfwdCY]901,805[IX_ITEM_PLACEHOLDER293_CLOSE_TAG_LongLholdPropCostBfwdCY]	[IX_ITEM_PLACEHOLDER294_OPEN_TAG_PlantMachCostBfwdCY]6,301[IX_ITEM_PLACEHOLDER294_CLOSE_TAG_PlantMachCostBfwdCY]	[IX_ITEM_PLACEHOLDER295_OPEN_TAG_TFACostBfwdCY]908,106[IX_ITEM_PLACEHOLDER295_CLOSE_TAG_TFACostBfwdCY]
	At 31 December 2025	[IX_ITEM_PLACEHOLDER296_OPEN_TAG_LongLholdPropCostCfwdCY]901,805[IX_ITEM_PLACEHOLDER296_CLOSE_TAG_LongLholdPropCostCfwdCY]	[IX_ITEM_PLACEHOLDER297_OPEN_TAG_PlantMachCostCfwdCY]6,301[IX_ITEM_PLACEHOLDER297_CLOSE_TAG_PlantMachCostCfwdCY]	[IX_ITEM_PLACEHOLDER298_OPEN_TAG_TFACostCfwdCY]908,106[IX_ITEM_PLACEHOLDER298_CLOSE_TAG_TFACostCfwdCY]


18


Teign Heritage
(limited by guarantee)
Notes to the financial statements - continued
for the period ended 31 December 2025

20	Cash at bank and in hand

					31 Dec 25	31 Oct 24
					£	£
	Bank deposit accounts				23,216	30,649
	Other bank accounts				11,253	35,878
	Cash in hand				[IX_ITEM_PLACEHOLDER326_OPEN_TAG_CashInHandPY]6[IX_ITEM_PLACEHOLDER326_CLOSE_TAG_CashInHandPY]	[IX_ITEM_PLACEHOLDER327_OPEN_TAG_CashInHandPY]124[IX_ITEM_PLACEHOLDER327_CLOSE_TAG_CashInHandPY]
					[IX_ITEM_PLACEHOLDER328_OPEN_TAG_CashAtBankAndOnHandCY]34,475[IX_ITEM_PLACEHOLDER328_CLOSE_TAG_CashAtBankAndOnHandCY]	[IX_ITEM_PLACEHOLDER329_OPEN_TAG_CashAtBankAndOnHandPY]66,651[IX_ITEM_PLACEHOLDER329_CLOSE_TAG_CashAtBankAndOnHandPY]


21	Creditors: amounts falling due within one year

					31 Dec 25	31 Oct 24
					£	£
	Payments received on account				3,841	-
	Trade creditors				523	2,188
					4,364	2,188


22	Movement in funds

		At 1 November 2024	Income	Expenditure	Other movements	At 31 December 2025
		£	£	£	£	£
	Unrestricted funds
	General fund	107,666	31,692	(46,858)	(561)	91,939
	Annex Development and Maintenance	34,320	-	-	-	34,320
		141,986	31,692	(46,858)	(561)	126,259

		At 1 November 2024	Income	Expenditure	Other movements	At 31 December 2025
		£	£	£	£	£
	Restricted funds
	Annex	796,601	-	(7,515)	-	789,086
	Acquisitions	568	-	-	-	568
	Donald Crowhurst Project	249	-	-	-	249
	King Family Trust	4,335	-	-	-	4,335
	Sun Sea and Shifting Sands fund	2,790	1,710	(3,433)	-	1,067
	Trail Boards	249	-	-	-	249
		804,792	1,710	(10,948)	-	795,554


20


Teign Heritage
(limited by guarantee)
Notes to the financial statements - continued
for the period ended 31 December 2025

22	Movement in funds - continued

		At 1 November 2024	Income	Expenditure	Other movements	At 31 December 2025
		£	£	£	£	£
	Total funds	946,778	33,402	(57,806)	(561)	921,813

	Other movements shown above are analysed as follows:
						Gains / (losses)
						£
	Unrestricted funds
	General fund					(561)

	Comparatives for movement in funds

		At	Income	Expenditure	Other movements	At 31 October 2024
		£	£	£	£	£
	Unrestricted funds
	General fund	90,393	42,683	(32,832)	7,422	107,666
	Annex Development and Maintenance	32,000	-	-	2,320	34,320
		122,393	42,683	(32,832)	9,742	141,986

		At	Income	Expenditure	Other movements	At 31 October 2024
		£	£	£	£	£
	Restricted funds
	Annex	804,116	-	(7,515)	-	796,601
	Acquisitions	568	-	-	-	568
	Church Rocks Wreck	2,448	2,000	(4,448)	-	-
	Donald Crowhurst Project	-	-	-	249	249
	King Family Trust	4,335	-	-	-	4,335
	NSNA Rugby	2,716	1,975	(4,442)	(249)	-
	Sun Sea and Shifting Sands fund	-	3,190	(400)	-	2,790
	Trail Boards	249	-	-	-	249
		814,432	7,165	(16,805)	-	804,792


21


	Teign Heritage
	(limited by guarantee)
	Trustees’ report - continued
	for the period ended 31 December 2025

	Reference and administrative details - continued

	Solicitors Tozers LLP Broadwalk House Southernhay West Exeter EX1 1UA Bank Lloyds Bank plc and Co-op Bank REFERENCE AND ADMINISTRATIVE DETAILS Treasurer – Neil Beaton (until 15.2.26) Curator – Jo Hyde Senior Archivist - Lin Watson Office Manager – Karen Evans Management Committee - Jo Hyde (Chair) - Jayne Adames - Rosemary Booth - Neil Beaton (until 15.2.26) - Karen Evans - Jenny James - Theresa Killoran - Christina Siviter - Charlotte Stoner - Rosie Walden - Lin Watson - Geoff Wood - Richard King (Chair of Trustees) also attends

	This report was approved by the trustees on 18 August 2026 and signed on their behalf by:

	A King, Trustee
	18 August 2026

	7


	Company registration number:	05874265
	Charity registration number:	1116204

	Annual report and unaudited financial statements
	for the period ended 31 December 2025
	for
	Teign Heritage
	(limited by guarantee)


	Teign Heritage
	(limited by guarantee)
	Contents page
	for the period ended 31 December 2025

		Page
	Trustees' report	1
	Independent examiner’s report to the trustees of Teign Heritage	8
	Statement of financial activities	9
	Balance sheet	10
	Notes to the financial statements	12


	Teign Heritage
	(limited by guarantee)
	Balance sheet - continued
	as at 31 December 2025

	These financial statements were approved by the Board of trustees and authorised for issue on 18 August 2026 and signed on its behalf by:

	A King, Trustee
	18 August 2026

	11