**The Hypatia Trust** (Limited by guarantee) Charity information 

31 May 2022 

TRUSTEES  (6) 

A M B Bell OBE P G Budden K M Hardie-Budden MBE E Favata D Pinfold J Royle 

COMPANY SECRETARY  K M Hardie-Budden MBE TREASURER  P G Budden 

BANKERS Barclays (Bolitho) Bank Market Jew Street Penzance Cornwall Aldermore Bank Aldermore Co. UK Reading Berkshire 

REGISTERED OFFICE AND PRINCIPAL ADDRESS The Regent, Lower Ground Floor 54 Chapel Street Penzance Cornwall TR18 4AE 

REGISTERED NUMBERS Company 3198168 Charity 1060663 

INDEPENDENT EXAMINER Dick Maule FCA The Cross House South Woodchester GL5 5EL 



## REGISTERED CHARITY TRUSTEES REPORT 

31 May 2022 

The Trustees, who are also directors of the charity for the purposes of the Companies Act, submit their annual report and the financial statements for the year ended 31 May 2022. 

The Hypatia Trust is a company limited by guarantee and is a registered charity governed by its Memorandum & Articles of Association dated 24 July 1996 as amended 14 May 1996 and 27 January 1997. 

## _Charity objectives_ 

To advance the education of the public in particular by maintaining, developing and protecting in perpetuity the Hypatia Library focusing on literary, artistic and scientific works of women and their contribution to society and culture.  The collections, organisations and libraries that have benefited from the work of the charity, and have taken protective charge of sub-collections include: 

## **The Hypatia Collection – Special Collections Library (from 1996) University of Exeter, Exeter, Devon The Hypatia Women’s Project (from 2017, Dr S Jones & Dr C Faunch) University of Exeter The Elizabeth Treffry Cornish Collection – The Morrab Library, Morrab Gardens, Penzance, Cornwall (M Livingston, Archivist)** 

**Environmental Studies & botanical collection – reserved for The Gardeners’ House, Morrab Gardens, Penzance, Cornwall** 

**Women’s Crime Collection & general literature – University of Falmouth, Penryn, Cornwall West Cornwall Art Archive, Newlyn, Cornwall** 

**Newlyn School of Art, Chywoone Hill, Newlyn, Penzance, Cornwall Brotherton Special Collections Library – Leeds University, Leeds, Yorkshire Glasgow School of Art Library, Glasgow, Scotland Archives of the Royal College of Nursing, Edinburgh, Scotland Archives of the University of York, York University, York, Yorkshire** 

## **Donations abroad** 

## **-The Hypatia-in-the-Woods Residential Arts Project (from 1996) Puget Sound, Shelton, Washington, USA** 

## **-Autonoma University Humanities Department & Library, Barcelona, Spain** 

**-Women’s Forum & English Department, American Studies Department, Bonn University, Bonn, Germany** 

**How our activities deliver public benefit:** We believe the above activities, and the spin-off events, exhibitions, and learning workshops they inspire collectively are carried out for the public benefit. 



## Directors 

## **Review of performance and achievements, June 1, 2021 to May 31, 2022** 

The Trustees of the charity who served during the year were as follows: 

K M Hardie-Budden MBE (Company Secretary) P G Budden (Treasurer) AMB Bell OBE E Favata D Pinfold J Royle 

For the purposes of the company law all Trustees of the charity are appointed Directors of the company. 

## **Gifts to our Archives & Collections** 

We have gratefully received several donations this past year, as readers, possibly with a bit of extra home time during the pandemic, were able to review their bookshelves, and find unusual treasures to gift to our worthy causes of researching, learning and educating. 

From Julia Grigg, author, a deeply sensitive and art-filled novel of 16th-c Venice (La Serenissima), entitled The Eyes That Look.  Unicorn Publishing Group (Universe) 2018. 

From John & Leigh Spiers, EER Publishers, Irish Women Writers at the Turn of the 20th Century, Alternative Histories, New Narratives, edited by Kathryn Laing & Sinead Mooney.  An issue in the series ‘Studies in Irish Literature, Cinema and Culture’.  Foreshadows work also in hand in Cornwall through the Institute of Cornish Studies series, who sponsor the on-line essays of ‘The Cornish Story’. 

From Joy Childs (aka Marie Sandeford),  author, a collection of biographical stories, written as novels and fictional essays, of the world of Tudor women:  Dorothy (Vernon) of Haddon Hall (Robert Hale, 1984); The Second Sister, A Royal Tudor Romance, Lady Catherine Grey, Sister of Lady Jane Grey, the Nine Days’ Queen of England (Joroby Books, 1999); Tales of Tudor Women (Joroby Books, 2003); Love-Lived Ladies and More Tudor Tales (Joroby Books, 2012). 

We also received this year a large collection of the published works of FT Jesse, through the thoughtful courtesy of the Newlyn Archive. The collector, David Fryer of Truro, remains a long-time admirer of Fryn, and asked the Newlyn archive team (her Cornish home until 1910 was Myrtle Cottage [‘The Myrtage’] in Newlyn) to find a suitable home for the extensive collection of her writings to be available to researchers and for display. 

We are sincerely delighted to have them for our Elizabeth Treffry Collection of Women’s History in Cornwall & the Isles of Scilly. Hypatia thanks him most heartily for offering this almost complete set of her work to us, which joins the few items that we have already catalogued. A full list will be made available in due course. Hopefully, exhibitions in future will also feature her work. 

A large donation of books were also donated this year from Margaret Chinn and Ann Bellingham to support the launch of our new bookshop venture ‘Women in Word’ (see more details below) which 



opened in March 2022. The collection consisted of novels, academic, Art and Craft books all by, and about, women. We would like to acknowledge that without this initial substantial donation of several hundred books this new venture would not have had the same variety and impact. 

## **Holyer an Gof Award** 

We are so pleased to announce that our collection 'Invisible Borders' published in 2021, won the 2021 Holyer an Gof Poetry award. Congratulations to all those involved in its creation, especially Hypatia’s editor Linda Cleary and all the featured women writers from Cornwall. 

## **25[th] Year of The Hypatia Trust** 

This year we celebrated 25 years of The Hypatia Trust promoting and recognising women's achievements. We had an anniversary week beginning on the 20[th] November. This included a book sale from our Ex-Libris online shop and the latest launch event for Rupam Baoni's poetry book 'chronicles of entering my body'. We also revisited the fascinating 'Women To The Rescue' project. WE continued through this 25th year to celebrate and acknowledge volunteers, special project participants and supporters both past and present. 

## **Trans-Atlantic Research at Hypatia** 

Jill George Webb from Pennsylvania, USA, visited Hypatia in November to complete her novelwriting project based on the life and work of Elizabeth Catherine Thomas Carne, whose archive and published works are held by the Hypatia Trust & Morrab Library. 

Elizabeth C T Carne was a foremost social investigator, philosopher, linguist and mineralogist in 19th century Penzance. We are very proud of our work in re-discovering her many contributions to the making of Penzance, Cornwall. 

## **Hypatia Bookshop – Women in Word** 

In March 2022 Hypatia Trust opened its new bookshop ‘Women in Word’ at its premises on Chapel Street. 

Hypatia's bookshop celebrates exclusively female authors, selling ex-libris books, Hypatia Publications' own titles and local and regional writers. 

More than just a place with books to sell, it has a programme of writers in residence, talks, screenings, events, workshops and activities. 

For the bookshop opening we had an evening event on 8th March (International Women’s Day) with poetry readings from Penelope Shuttle and Katrina Naomi who also signed copies of their own books. 

The shop is almost entirely run by volunteers and relies on donations of ‘pre-loved’ books from the public, surplus books from the Hypatia collection, Hypatia’s own publications and new releases from some local authors. 



To date it has been successful in not only opening up Hypatia’s offer but has been a great asset in engaging with the public creating opportunities for further collaborations for projects and events. It has also supported a growing body of volunteers to become part of the Hypatia team. 

## **Whistling Jack – released May 2022** 

Hypatia Publications is excited to release this year: _Whistling Jack_ , the debut novel by Penzance based writer Josephine Gardiner. 

## **Gardeners’ house Development** 

The GH CIO charity has been working with the support of the NLHF (National Lottery Heritage Fund) and taking their advice and guidance particularly on the governance of the project. The Gardeners' House project became an independently registered charity with its own specific mission and aims, and Board of Trustee, and has strengthened the areas identified by the NLHF. It was felt that the new organisation would best reflect the diverse partnerships that the Gardeners’ House, Penzance, now represented. The seed germinated into an independent registered CIO (Charitable Incorporated Organisation), registered with the Charity Commission on 23rd August 2021. 

The initial special collections and archives collected by Dr Hardie- Budden, with specific relevance to The Gardeners' House, Penzance, were donated by the Hypatia Trust to The Gardeners’ House and formally signed over in May 2022. 

The Gardeners' House, Penzance, and the Hypatia Trust will continue to work closely together as part of a network of closely linked organisations. 

## **Financial Review and Results for the Year** 

The Trustees confirm the availability of assets to fulfil the obligations of the charity without  recourse to borrowing. No events have occurred since the end of the financial year that materially affects the position of the Trust. Total Income amounted to £42,133 [2021: £69,272], Included in this was Donations and fund raising totalled £ 4,020 [2021:£44.394) Total expenditure amounted to £77,187 [2021: £78,400] 

## **Reserves Policy** 

All of the charity's income has been used in pursuance of its objectives as set out above. The Trustees seek sufficient cash reserves to ensure the safe transference of the Gardeners’ House Community Project to its ultimate supervisory board (CIO) and fund ongoing productions for the 



ensuing year in order to satisfy the objectives of the charity. The policy on reserves is reviewed each year. The actual free reserves (that is those funds not tied up in fixed assets and restricted funds) at 31st May 2022 amounted to £38,166 {2021 (£12.532)} 

## **Plans for Future Periods** 

Hypatia will be looking at a refreshed business plan/model which builds on the strong foundations that we have already achieved over the past 25 years, this will continue to ensure a strong and resilient organisation going forward. 

As always the team of trustees, staff and volunteers, are passionate about celebrating and promoting women across various fields and platforms of their work and interests, we plan to increase this over the coming year. 

The Hypatia Trust has naturally evolved and become a supportive network and space that incites collaboration through workshopping ideas, delivering talks as well as some longer term projects and we will continue to do so. 

Through recording these processes we will create a 'living archive' and a record of women and their achievements. 

. 

## **Risk Management** 

The trustees, in conjunction with the senior management team, regularly review the risks for the charity. These risks reviewed are those that could affect financial, strategies, statutory, and operational issues and to plan suitable responses and prevention. 

## **Statement of Trustees’ responsibilities** 

The Trustees (who are directors of The Hypatia Trust for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

Company law requires Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the charitable company for that period. In preparing these financial statements, the Trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP 2015 (FRS 102); 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; 



- prepare the financial statements on an ongoing concern basis unless it is inappropriate to presume that the charitable company will continue in operation. 

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

Insofar as the Trustees are aware: 

- there is no relevant  information of which the charitable company’s independent examiner is unaware; and 

- the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information. 

## **Small company exemptions** 

This report is prepared in accordance with the special provisions in Part 15 of the Companies Act 2006 relating to small companies. For the year ending (31/05/2022) the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The full required statement appears on the Balance Sheet following. 

On behalf of the board Dr Philip G Budden. Company Treasurer & Trustee Director 

Date ………………. 

Trevelyan House 16 Chapel Street Penzance, Cornwall, TR18 4AW 



## **Independent Examiner's Report to the Trustees of The Hypatia Trust** 

I report on the accounts of the company for the year ended 31[st] May 2022 which are set out on pages 9 to 16. 

## **Responsibilities and basis of report** 

As the charity 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 company’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 that in any material respect: 

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. 

_Dick Maule FCA The Cross House  South Woodchester GL5 5EL Date_ 

9 



## **The Hypatia Trust** 

## **Statement of Financial Activities for the year ended 31st. May 2022** 

|||Unrestricted|Restricted||||
|---|---|---|---|---|---|---|
|||Funds|Funds|Total||Funds|
||Notes|2022|2022||2022|2021|
|||£|£|£||£|
|**Income from**|||||||
|Donations||306|-||306|285|
|Investment income||444|-||444|6|
|**Income from charitable activities**|||||||
|Grant||-|3,714||3,714|44,109|
|Apartment and meeting room rents||21,970|-||21,970|20,799|
|Book sales||13,688|-||13,688|3,873|
|Other income||2,011|-||2,011|200|
|**Total**||38,419|3,714||42,133|69,272|
|**Expenditure on:**|||||||
|Charitable activities||73,473|3,714||77,187|78,400|
|**Total**|[2]|73,473|3,714||77,187|78,400|
|**Net income / [expenditure]**||(35,054)|-||(35,054)|(9,129)|
|Transfers between funds||-|-||-|-|
|Total funds brought forward||574,290|-||574,290|583,418|
|Total funds carried forward||539,236|-||539,236|574,290|



9 



## **The Hypatia Trust** 

## **Balance sheet as at 31st.May 2022** 

|**Tangible assets**<br>Fixed assets<br>**Current assets**<br>Debtors<br>Cash at bank and in hand<br>**Current liabilities**<br>Creditors: amounts falling<br>due within 12 months<br>**Net Current assets**<br>**Total assets**<br>**Unrestricted funds**<br>General funds<br>Designated funds<br>**Restricted funds**<br>**Total funds**|2022<br>£<br>501,070<br>2,016<br>38,912<br>40,928<br>(2,762)<br>38,166<br>539,236<br>38,166<br>501,070<br>-<br>539,236|2021<br>£<br>511,822<br>89<br>65,624<br>65,713<br>(3,245)<br>62,468<br>574,290<br>(12,532)<br>586,822<br>-<br>574,290|
|---|---|---|



For the year ended 31st May 2022 

The company was entitled to the exemption from audit under section 477[2] of the Companies Act 2006 

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. 

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime 

Signed: 

Date: 

10 



## **The Hypatia Trust** 

## **Notes to the accounts for the year ended 31st. May 2022** 

## **(1) Principal Accounting Policies** 

The principal accounting policies adopted in the preparation of the financial statements  are set out below and have remained unchanged from the previous year. 

## **(a) Basis of preparation** 

The charity constitutes a public benefit entity as defined by FRS 102. The financial 

statements have been prepared in accordance with 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) 2nd edition the Charities Act 2011 and the Companies Act 2006. 

The financial statements have been prepared under the historical cost convention. 

## **(b) Fund accounting** 

[i] Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. 

[ii]Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes. 

[iii] Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. 

## **(c) Income** 

Income is included in the statement of financial activities when the charity 

is entitled to the income and the amount can be quantified with reasonable accuracy. The 

following specific policies are applied to particular categories of income. 

[i] Income  received by way of grants, donations and gifts and is included in full 

in the Statement of Financial Activities when receivable. Grants, where entitlement is not 

conditional on the delivery of a specific performance by the charity, are recognised when 

the charity becomes unconditionally entitled to the grant. 

[ii] Donated services and facilities are included at the value to the charity where this can be quantified. 

[iii]The value of services provided by volunteers has not been included in these accounts. 

[iv] Investment income is included when receivable. 

[v]Income from charitable trading activity are accounted for when earned. 

[vi]Income from grants, where related to performance and specific deliverables, 

are accounted for as the charity earns the right to consideration by its performance. 

## **(d) Expenditure** 

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered 

[i]Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes. 

[ii] Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated dirctly to such activities and those costs of an indirect nature necessary to support them [iii]All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis. 

11 



## **The Hypatia Trust** 

## **Notes to the accounts for the year ended 31st. May 2022** 

## **(1) Principal Accounting Policies** 

## **(e) Fixed assets** 

Tangible fixed assets are written off over the expected useful life of the asset, at 2% per annum for collection of the  books and equipment  and the building. 

Items costing over £500 are capitalised. 

## **(2) Expenditure** 

|Charitable<br>Activities<br>£<br>Rates<br>443<br>Freelance fees<br>32,735<br>Workshop and venue<br>781<br>Utilities<br>4,567<br>Insurance<br>918<br>Repairs and maintenance<br>1,307<br>Advertising and marketing<br>15<br>Telephone<br>683<br>Print, post and stationery<br>518<br>Publications and subscriptions<br>877<br>Sponsorship and donations<br>20<br>Sundry<br>2,104<br>Depreciation<br>10,752<br>Consultancy and similar fees<br>5,764<br>Storage<br>1,872<br>Cost of sales<br>10,512<br>I.T.<br>358<br>Direct expenses apartment<br>2,047<br>Trustees expenses<br>-<br>Non capitalised equipment<br>365<br>Independent examination<br>550<br>77,187<br>**(3) Creditors**<br>£<br>Falling due within 12 months<br>Sundry creditors and accruals<br>2,762|Total<br>2021<br>£<br>-<br>43,374<br>2,509<br>2,732<br>485<br>3,741<br>300<br>768<br>177<br>877<br>20<br>464<br>10,752<br>4,024<br>1,872<br>2,378<br>2,135<br>1,208<br>-<br>85<br>500<br>78,400<br>£<br>3,245|
|---|---|



12 



## **The Hypatia Trust** 

## **Notes to the accounts for the year ended 31st. May 2022** 

## **(4) Tangible Fixed Assets** 

|**(4) Tangible Fixed Assets**|||||||
|---|---|---|---|---|---|---|
|||Leasehold||Library|Total||
|||Building|Equipment|Books|||
|||£|£|£|£||
|Cost|||||||
|balance brought forward||430,000|2,500|105,080||537,580|
|additions in the year||-|-|-||-|
|||430,000|2,500|105,080||537,580|
|Depreciation|||||||
|balance brought forward||17,200|150|8,406||25,757|
|charge for the year||8,600|50|2,102||10,752|
|||25,800|200|10,508||36,509|
|Net book value at 31st. May 2022||404,200|2,300|94,572||501,070|
|Net book value at 31st. May 2021||412,800|2,350|96,674||511,822|
|**(5) Debtors**|||||||
|||||£||£|
|Falling due within 12 months|||||||
|Sundry debtors and||||2,016||89|
|**(6) Movements in  funds**|||||||
||Balance at||||Balance at||
||1.6.2021|Income|Expenditure|Transfers|31.5.|2022|
||£|£|£|£||£|
|**Restricted funds**|||||||
|Cultivator Creative Kernow|-|500|(500)|-||-|
|National Heritage|-|3,214|(3,214)|-||-|
||-|3,714|(3,714)|-||-|
|**Unrestricted funds**|||||||
|General funds|(12,532)|38,419|(73,473)|85,752||38,166|
|Designated funds|||||||
|Equipment and books|99,022|-|-|(2,152)||96,870|
|Building reserve|412,800|-|-|(8,600)||404,200|
|Pope-Holly legacy|75,000|-|-|(75,000)||-|
||586,822|-|-|(85,752)||501,070|



## _Equipment and books_ 

An amount equal to depreciation is debited  annually to the designated fund _Pope-Holly legacy_ 

The legacy has been utilised as future matched funding for the Gardener's House Project. _Building Reserve:_ The charity was gifted a property, it is held in a designated fund. 

13 



## **The Hypatia Trust** 

## **Notes to the accounts for the year ended 31st. May 2022** 

## **(7) Analysis of net assets between funds** 

||General|Designated|Restricted|||
|---|---|---|---|---|---|
||Funds|Funds|Funds|Total||
||£|£|£|£||
|**Tangible fixed assets**|-|501,070|-||501,070|
|Current assets|40,928|-|-||40,928|
|Current liabilities|(2,762)|-|-||(2,762)|
|Net assets at 31st March 2022|38,166|501,070|-||539,236|
|**(8) Trustees information**||2022|2021|||
|||£|£|||
|Trustees remuneration and expenses||-|-|||



No trustees received remuneration for professional fees and services 

14 



## **The Hypatia Trust** 

## **Notes to the accounts for the year ended 31st. May 2022** 

## **(9) Analysis of prior year funds [required by F.R.S.102]. The Hypatia Trust** 

## **Statement of Financial Activities for the year ended 31st. May 2021** 

|**Income from**<br>Donations<br>Donated building<br>Investment income<br>**Income from charitable activities**<br>Grant<br>Apartment and meeting room rents<br>Book sales<br>**Other income**<br>**Total**<br>Expenditure on:<br>Charitable activities<br>Total<br>Net income / [expenditure]<br>Transfers between funds<br>Total funds brought forward<br>**Total funds carried forward**|Unrestricted<br>Funds<br>2021<br>£<br>285<br>-<br>6<br>27,669<br>20,799<br>3,873<br>200<br>52,832<br>61,960<br>61,960<br>(9,129)<br>-<br>583,418<br>574,290|Restricted<br>Funds<br>2021<br>£<br>-<br>-<br>-<br>16,440<br>-<br>-<br>-<br>16,440<br>16,440<br>16,440<br>-<br>-<br>-<br>-|Total<br>2021<br>£<br>285<br>-<br>6<br>44,109<br>20,799<br>3,873<br>200<br>69,272<br>78,400<br>78,400<br>(9,129)<br>-<br>583,418<br>574,290|Funds<br>2019<br>£<br>3,838<br>-<br>633<br>20,655<br>10,152<br>3,758<br>-<br>39,036<br>66,216<br>66,216<br>(27,181)<br>-<br>610,599<br>583,418|
|---|---|---|---|---|



15 



## **The Hypatia Trust** 

## **Notes to the accounts for the year ended 31st. May 2022** 

## **(9) Analysis of prior year funds [required by F.R.S.102].** 

||Balance at||||Balance at|
|---|---|---|---|---|---|
||1.6.2020|Income|Expenditure|Transfers|31.5. 2021|
||£|£|£|£|£|
|Restricted funds||||||
|Cultivator Creative Kernow|-|3,000|(3,000)|-|-|
|National Heritage|-|13,440|(13,440)|-|-|
||-|16,440|(16,440)|-|-|
|Unrestricted funds||||||
|General funds|(14,156)|52,832|(61,960)|10,752|(12,532)|
|Designated funds||||||
|Equipment and books|101,174|-|-|(2,152)|99,022|
|Building reserve|421,400|-|-|(8,600)|412,800|
|Pope-Holly legacy|75,000|-|-|-|75,000|
||597,574|-|-|(10,752)|586,822|



Unrestricted covid related grants of £27,669 were received in the year. 

## Equipment and books 

An amount equal to depreciation is debited  annually to the designated fund Pope-Holly legacy 

The legacy has been designated as future matched funding for the Gardener's House Project. Building Reserve: The charity was gifted a property, it is held in a designated fund. 

The charity was gifted a property, it is held in a designated fund. 

16