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|Annual|Report and Financial|Sta|tements|for the year end|ed 31Ja|
|---|---|---|---|---|---|
|Trustees|Annual
Report|||||
|CONTENTS|||||Page|
|Chairman's
Introduction||||||
|Objectives and Activities||||||
||Charitable
Purpose|||||
||Mission Statement|||||
||Key Activities|||||
||Aims|||||
||Meeting the Aims and Objectives|||||
||Audience
Development
and Equality||and Diversity|||
||Measuring
Our Success|||||
||Development
Plans and Fundraising||Strategy|||
|Achievements,
Performance
and Public Benefit||||||
||Overview|||||
||Organisation
wide activities|||||
||Equality and diversity|||||
||Preservation
and conservation|ofthe|collection|||
||Preservation
and conservation|of the|Scheduled|Ancient Monument||
||Education,
Information
and Interpretation|||||
||Community,
audience and stakeholder||engagement|||
||Workforce —volunteers
and employees|||||
|Financial|Review||||10|
||Reserves Policy||||10|
||Principal Funding Sources||||11|
||Principal Risks and Uncertainties||||11|
||Pay Policy for Senior Staff||||11|
||Impact ofCOVID-19||||11|
|Plans for|Future Periods||||12|
|Structure|Governance
and management||||14|
|Relationship
with Subsidiary
Company|||||14|
|Recruitment|and appointment
ofTrustees||||14|
|Reference|and Administrative
Details||||15|
|Responsibilities
ofthe Trustees|||||16|
|Independent
Auditor's
Report to the Members||||||
|Consolidated
Statement ofFinancial Activities|||||21|
|Balance Sheets||||||
|Notes and|Accounting
Policies||||23|
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||||||Unrestricted
Funds|Restricted
Funds|Total 2021|Total 2020|
|---|---|---|---|---|---|---|---|---|
|||||Note|F||||
|Income|||||||||
|Donations|||||18,995||18,995|1,664|
|Income from charitable||activities|||186,185|158,185|344,370|283,908|
|Investment
income|||||2||2|3,005|
|Income from other|Trading||||||||
|Activities|||||||||
|Commercial
trading
Other|||||95,331||95,331|148,458|
||||||1,017||1,017|7,489|
|Total income|||||301,530|158,185|459715|444 524|
|Expenditure|||||||||
|Costs ofraising funds:|||||||||
|Commercial
Trading|||||92,616||92,616|130,040|
|Other|||||17,189||17,189|17,731|
|Charitable
activities:|||||||||
|Museum|||||116,053|163,216|279,269|232,
I69|
|Education|||||27,607||27,607|37,125|
|Total expenditure|||||253,465|163,216|416681|417,065|
|Net incomei (expenditure)
the year before transfers|||for||48,065|(5,031)|43,034|27,459|
|Transfers
between|funds||||(6,502)|6,502|||
|Net Movement
in Funds
tax||Before|||41,563|1,471|43,034|27,459|
|Taxation credit/(charge)|||||158||158|(600)|
|Net movements
in|funds||||41,721|1,471|43,192|26,859|
|Total funds brought|forward||||89,459|1,547,226|1,636,685|1,609,826|
|Total funds carried|forward|||18|131,180|1,548,697|1,679,877|1,636,685|
##
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||||||2026||
|---|---|---|---|---|---|---|
||||Group||||
||||E||||
|Fixed assets|||||||
|Tangible assets|||1,623&531|1,514,198|1.222,73'I|1+12,115|
|Investments||I5||1II0||1%I|
||||1,523„rr31|1,614,298|1/22,731|1,212,215|
|Current assets|||||||
|Stada;|||22,390||24,468||
|bebtonr
CeA at bank and in hend|||170,961
250~|189,590
165,994|377,363
153,265|380,980
143,690|
|||||365,544|555,096|524,870|
|&editors:
due vrithfn|amounts f4linI
one year||(10it~)|($1+37)|(14$~142)|(124,~|
|Net cument|assets||343,346|294,II67|413.954|400,093|
|Long Term|Lmsa||t187,NO)|t150,0M)|||
|Net assets|||1,579,877|1,658~5|1,638,685|1,612,3Q9|
|Funds|||||||
|I"mired funds||18|1,546,697|1,tt48,697|l.547,226|1.547~6|
|Designated|Funda||||||
|Unrestricted|funda||131,16O|109,608||65,082|
|Total charity funds||||1 ~QVQ5|1 636685|l 612ZI8|
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||||||2021||2020|
|---|---|---|---|---|---|---|---|
||||||F||F|
|Income
Expenditure|on charitable|activities|||364,384
318387||296,066
275,025|
|Net income
/ (expenditure)
Represented
by:|||||45,997||21,041|
|Restricted
Unrestricted|Funds
Funds||||1,471
44,526||27,140
(6,099)|
|Total funds|brought
forward||||1,612,308||1,585,443|
|Wheal
Martyn
Enterprises
Total funds carried forward||Profits gift aided|||1,658,305||5,824
1,612,308|
|Represented
by:||||||||
|Restricted
funds|||||1,548,697||1,547,226|
|Unrestricted|funds|||||||
||||||109,608||65,082|
||||||1 658,305||1 612,308|
|4
Income from Donations||||||||
||||Unrestricted|Restricted||||
||||Funds|Funds|Total|2021|Total 2020|
|Donations
Job Retention Scheme
Donation
from Friends ofMuseum|||f.
1,217
17,278
500|E
1,217
17,278
500|||E
799
865|
||||18,995||18,995||1,664|
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|2021|2020|
|Admission
Income
Gift Aid on Admissions
Grants||||60,056
7,525||60,056
7,525|108,041
17,059|
||Comwall
County
Other Grants|Council||118,604||118,604|25,000|
||Clay Works (Delivery)
Luxulyan
Valley||||23,353
12,000|23,353
12,000|44,551|
||Historic England|Covid||||||
||Emergency
Fund
NPO Programme
Woolfson Development||Funds||21,103
46,729
55,000|21,103
46,729
55,000|73,305|
||Light and Clay||||||15,952|
|||||186,185|158,185|344,370|283,908|
|restricted
and F186,1|restricted
and F186,1|
85(2020:2150,100)is|,
unrestricted.|
|, (:|,808)
|
|---|---|---|---|---|---|---|
|6
Investment||Income|||||
||||Unrestricted|Restricted|Total|Total|
||||Funds|Funds|2021|2020|
|Bank Interest
Rents receivable|||2||2|E
285
2,720|
|||||||3,005|
|All income received|in|2021 was unrestricted.|||||
|7a
Income from Trading Activities|||||||
||||Unrestricted|Restricted|Total|Total|
||||Funds|Funds|2021|2020|
||||E||||
|Commercial
Trading
Misc. Income/Events
Room Hire|Activities||95,331
789||95,331
789|148,458
3,396|
|Corporate
Sponsorship/Fundraising
Recharges|||2
226||2
226|3,564
529|
||||96,348||96,348|155,947|
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||||2021|2020|
|---|---|---|---|---|
||||E|E|
||Summary
Profit and Loss Account||||
||Turnover||70+48|148,458|
||Job Retention
Scheme||25,083||
||Cost ofsales||(24,808)|(49,427)|
||Gross profit||70,523|99,031|
||Administrative
expenses||(73,486)|(92,612)|
||Operating
profit / (loss)||(2,963)|6,419|
||Amounts
gift aided to the charity
Tax on profit on ordinary
activities|||(5,824)
600|
||Profit
/ (loss) retained
in the subsidiary||(2,805)|(5)|
||||2021|2020|
||||K||
||The assets and liabilities ofthe subsidiary|were:|||
||Tangible assets||9,333|10,616|
||Current assets||87,388|37,091|
||Creditors: amounts
falling due within one year||(38,049)|(23,230)|
||Creditors: amounts
falling due after more than|one year|(37,000)||
||Total net assets||21,672|24,477|
||Aggregate
share capital and reserves||21,672|24,477|
|8|Costs ofraising funds||||
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|9a
Costs ofcharit|able
activities|||||
|---|---|---|---|---|---|
|||||Total||
|||Museum|Education|2021|Total 2020|
|||E|||E|
|Unrestricted
Funds||||||
|Employee costs||58,685|8,484|67,169|94,630|
|Rent and water
Light and heat||3,334
4,083|1,111
1,361|4,445
5,444|5,084
5,521|
|Insurance||5,655|1,885|7,540|7,691|
|Repairs and maintenance||10,434|3,478|13,912|8,972|
|Equipment
hire||1,024|341|1,365|1,323|
|Computer
expenses||773|258|1,031|832|
|Postage and telephone||3,622|1,207|4,829|4,765|
|Printing
and stationery||979|327|1,306|904|
|Bank interest and charges
Vehicle expenses||1,367
2|456
1|1,823
3|3,741
151|
|Travel and entertaining
Governance||4|1|5|93|
|Training
and subscriptions
Depreciation||1,703
2,884|568
961|2+71
3,845|(594)
3,717|
|Support||14,909|4,970|19,879|14,400|
|||6,595|2,198|8,793|6,540|
|Total Unrestricted
Funds||||||
|Restricted
Funds||116,053|27,607|143,660|157,770|
|Museum
Development
Clay Works
Historic
England
Covid|Fund
emergency|26,433
48,140||26,433
48,140|26,432
12,857|
|fund||13,123||13,123||
|NPO Programme
Light and Clay
Luxulyan
Valley||71,645
3,875||71,645
3,875|53,485
18,305|
|Total Restricted
Funds
Total||163,216||163,216|111,524|
|||279,269|27,607|306,876|269,294|
##
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|This table shows the cost ofthe t|This table shows the cost ofthe t|wo charitable
activities and th|e income supporting
t|hose activities:|
|---|---|---|---|---|
|Unrestricted
Funds||Museum
E|Education|Total|
|Costs
Admission
Grants|Income|(116,053)
67,581|(27,607)|(143,660)
67,581|
|||113,604|5,000|118,604|
|Net
Income / (Cost)|||||
|||65,132|(22,607)|42,525|
|Restricted|Funds||||
|Costs
Grants||(163,216)||(163,216)|
|||152,685|5,500|158,185|
|Net
Income||(10,531)|5,500|(5,031)|
|Total Net Income I(Cost)||54,601|(17,107)|37,494|
|10|Support and Governance|Support and Governance|Costs||||
|---|---|---|---|---|---|---|
||||Support|Governance|Total|Total|
||||||2021|2020|
|||||E|||
|Audit fees
Head office recharges
Trustees'
meetings|||19,879|3,820
4,970
3|3,820
24,849
3|2,850
18,000
90|
||||19,879|8,793|28,672|20,940|
##
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|11
Net income I(expenditure)
for the year - Group|||
|---|---|---|
|This is stated after charging:|||
||2021|2020|
|||E|
|Depreciation
Auditor's
remuneration:|45,874|32,413|
|audit ofthe financial statements|6,035|4,700|
|Operating
leases|2.897|2,645|
|12
Staff costs and emoluments|||
|Total staff costs were as follows:|||
||2021|2020|
|Wages and salaries|184,952|210,342|
|Social security costs
Other staff costs (pensions)|9,854
5,887|11,655
6,241|
||200,693|228,238|
##
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|Year ended 31January 2021|Year ended 31January 2021||||
|---|---|---|---|---|
|14(a)
Tangible fixed assets —Group|||||
||Long
leasehold|Plant,
machinery,|Assets under
construction|Total|
||property|equipment|||
||f|f|||
|Cost|||||
|At 1 February 2020|966,400|442,159|712,779|2,121,338|
|Additions|282,084|64,590||346,674|
|Transfers|712,779||(712,779)||
|At 31January 2021|1,961,263|506,749||2,468,012|
|Depreciation|||||
|At 1 February 2020|481,688|416,919||898,607|
|Charge for the year|37,885|7,989||45,874|
|At 31January
2021|519,573|424,908||944,481|
|Net book value
At 31January 2021|1,441,690|81,841||1,523,531|
|At 31 January 2020|484,712|25,240|712,779|1,222,731|
|14(b)
Tangible fixed assets —Charity|||||
||Long
leasehold|Plant,
machinery,|Assets under
construction|Total|
||Property|equipment|||
|||f|||
|Cost|||||
|At 1 February 2020|966,400|412,576|712,779|2,091,755|
|Additions|282,084|63,302||345,386|
|Transfers|712,779||(712,779)||
|At 31January 2021|1,961463|475,878||2,437,141|
|Depreciation|||||
|At 1 February 2020|481,688|397,952||879,640|
|Charge for the year|37,885|5,418||43,303|
|At 31January 2021|519,573|403,370||922,943|
|Net book value|||||
|At 31January 2021|1,441,690|72,508||1,514,198|
|At 31January 2020|484,712|14,624|712,779|1,212,115|
##
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##
||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
|||||||||f.|
|investment
in||subsidiary|at cost (note 7)|||||100|
|16|Debtors||||||||
||||||Group|Charity|Group|Charity|
||||||2021|2021|2020|2020|
||||||E|f|f|f|
|Trade debtors|||||7,188|7,000|14,560|12,967|
|Amounts|due|from subsidiary||||29,159||6,665|
|Other debtors|||||8,631|8,465|5,809|5,132|
|Prepayments||and accrued income|||155,162|154,926|356,994|356,216|
||||||170,981|199,550|377,363|380,980|
|17|Creditors: amounts|||falling due within one year|||||
||||||Group|Charity|Group|Charity|
||||||2021|2021|2020|2020|
||||||E|f|f||
|Trade|creditors||||5,043|4,288|27,110|22,763|
|Other creditors|||||27,642|27,642|5,706|5,706|
|Amounts
due||to parent|undertaking||15,120|15,120|38,078|32,281|
|Accruals and||deferred|income||52622|44,487|70,248|63,827|
||||||100,427|91,537|141,142|124,577|
##
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##
||||Balance at
February
2020|Incoming
Resources|Outgoing
Resources|Transfers|Balance
at
31
January
2021|Balance
at
31
January
2021|
|---|---|---|---|---|---|---|---|---|
|Restricted funds|||||||||
|Museum
development||fund|464,759||(26,433)|||438,326|
|Clay Works|||1,067,503|23,353|(48,140)|4,000||1,046,716|
|Statues|||664|||||664|
|Waterwheel|||1,844|||||1,844|
|NPO programme|||10,747|46,729|(71,645)|2,502||(11,667)|
|Luxulyan
Valley
Historic England|Covid-19||(445)|12,000|(3,875)|||7,680|
|Emergency
Fund
Wolfson Covid-1 9Support||||21,103|(13,123)|||7,980|
|Fund||||55,000||||55,000|
|MPM Project|||2,154|||||2,154|
|Total|||1,547,226|158,185|(163,216)|6502||1 548697|
|Comparative
informati|on
in re|spect ofthe precedi|spect ofthe precedi|ng
period is as|follows:||||
|---|---|---|---|---|---|---|---|---|
|||Balance at
1
February
2019||Incoming
Resources|Outgoing
Resources|Transfers|Balance
at
31 January
2020||
|||F||||E|||
|Restricted funds|||||||||
|Museum
development|fund||491,191||(26,432)|||464,759|
|Clay Works|||1,035,809|44,551|(12,857)||1,067,503||
|Statues|||664|||||664|
|Waterwheel|||1,844|||||1,844|
|NPO programme|||(11,576)|73,305|(53,485)|2,503||10,747|
|Luxulyan
Valley|||||(445)|||(445)|
|Light and Clay||||15,952|(18,305)|2,353|||
|MPM Project|||2,154|||||2,154|
|Total|||1,520,086|133,808|(111,524)|4 856|1547226||
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|Historic
England
Covid-19 Emergency
Funds —funds
granted
to cover six months
employment
of the
Grounds
Maintenance
Supervisor
and materials
for essential
repairs to the Scheduled
Ancient Monument
to
address issues ofdeterioration
suffered
during
lockdown.
The remaining
funds
will be utilised
in early 2021.|Historic
England
Covid-19 Emergency
Funds —funds
granted
to cover six months
employment
of the
Grounds
Maintenance
Supervisor
and materials
for essential
repairs to the Scheduled
Ancient Monument
to
address issues ofdeterioration
suffered
during
lockdown.
The remaining
funds
will be utilised
in early 2021.|Historic
England
Covid-19 Emergency
Funds —funds
granted
to cover six months
employment
of the
Grounds
Maintenance
Supervisor
and materials
for essential
repairs to the Scheduled
Ancient Monument
to
address issues ofdeterioration
suffered
during
lockdown.
The remaining
funds
will be utilised
in early 2021.|Historic
England
Covid-19 Emergency
Funds —funds
granted
to cover six months
employment
of the
Grounds
Maintenance
Supervisor
and materials
for essential
repairs to the Scheduled
Ancient Monument
to
address issues ofdeterioration
suffered
during
lockdown.
The remaining
funds
will be utilised
in early 2021.|Historic
England
Covid-19 Emergency
Funds —funds
granted
to cover six months
employment
of the
Grounds
Maintenance
Supervisor
and materials
for essential
repairs to the Scheduled
Ancient Monument
to
address issues ofdeterioration
suffered
during
lockdown.
The remaining
funds
will be utilised
in early 2021.|Historic
England
Covid-19 Emergency
Funds —funds
granted
to cover six months
employment
of the
Grounds
Maintenance
Supervisor
and materials
for essential
repairs to the Scheduled
Ancient Monument
to
address issues ofdeterioration
suffered
during
lockdown.
The remaining
funds
will be utilised
in early 2021.|
|---|---|---|---|---|---|
|Wolfson Covid-19 Support Fund —funds granted
by The Wolfson Foundation
Covid-19 Support Fund.
The
funding
will cover the replacement
ofthe heating and CCTVsystems (essential costs which we cannot currently
resource), development
costs to support
recovery and to help mitigate other Covid-19 related impact over the
year ahead,
including
contribution
to loses in 2021/22 should that be necessary.||||||
|Analysis ofmovement
in unrestricted|funds -Group|||||
||||2021|2020||
|Balance at 1 February 2020|||89,459|89,740||
|Income|||301,530|310,716||
|Expenditure
Transfer from/(to)
restricted
funds||(253,307)
(6,502)||(306,141)
(4,856)||
|Balance at 31January 2021|||131,180|89,459||
|Analysis ofmovement
in unrestricted|funds - Charity|||||
||||2021|2020||
|Balance at 1 February 2020|||65,082|65,357||
|Wheal Martyn
Enterprises
Profits gift aided||||5,824||
|Income
Expenditure
Transfer from/(to)
restricted
funds||206,199
(160,849)
(6,502)||174,258
(175,501)
(4,856)||
|Balance at 31January 2021|||103,930|65,082||
##
##
|||Unrestricted|Designated|Restricted|Total|
|---|---|---|---|---|---|
|||Funds
f|Funds|Funds
E|Funds|
|Tangible
Current|assets
assets|40,066
366,874||1,483,465
76,899|1,523,531
443,773|
|Current
liabilities
Long term liabilities||(88,760)
(187,000)||(11,667)|(100„427)
(187,000)|
|||131,180||1,548,697|1,679,877|
|||Unrestricted|Designated|Restricted|Total|
|---|---|---|---|---|---|
|||Funds|Funds|Funds|Funds|
||||||E.|
|Tangible
Current
Current|assets
assets
liabilities|45,192
184,964
(140,697)||1,177,539
370,132
(445)|1,222,731
555,096
(141,142)|
|||89,459||1,547,226|1,636,685|
##
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##
##
##
|At 31 January
2021 the company
an
ancellable
operating
leases:|d
group
had
the following
total|commitments|under|
|---|---|---|---|
|2021|Land and
Buildings||Total|
|||Z||
|Less than one year|251|2,502|2,753|
|Two to five years|1,004|3,860|4,864|
|More than five years|1,766||1,766|
|Total|3,021|6,362|9,383|
|One ofthe operating
leases expires in 2|042. From 2033the rent will be ba|sed on open|market va|
|---|---|---|---|
|2020|Land and
Buildings|Other|Total|
||||E|
|Less than one year|251|2,502|2,753|
|Two to five years|1,004|6,362|7,366|
|More than five years|2,018||2,018|
|Total|3,273|8,864|12,137|
##
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##