2022-03-31-accounts

2022

email: [e-mail] website: rameconservationtrust.org.uk

ANNUAL REPORT

Company Information

Trustees

Ursula Stevenson – Chair Chris Day Darren Newton - resigned 21 Apr 2021 Lyn Reid Caroline Vulliamy Dr Malcolm Cross Cathy Green Richard Ogilvie Ben Ayres

• resigned 23 Nov 2021 James Sainsbury - resigned 2 Feb 2022 Morwenna Fudge - resigned 20 Feb 2022 Sonny Springett - resigned 16 May 2021

Secretary Chris Day

Treasurer Chris Day

Independent Examiner

Andrew Wing LLB FCA Wings Accountants Ltd Unit 1, Pearl Assurance House Elbow lane Tavistock Devon PL19 0BG

Bankers

Lloyds TSB Derrys Cross Plymouth Devon

RAME CONSERVATION TRUST

(Private Company Limited by Guarantee)

Annual Report and Financial Statements for the year ended 31st March 2022

Company Number : 3440492 (England and Wales)

Registered Charity Number : 1066389

Registered Office: The Nissen Huts Maker Heights Cornwall PL10 1LA

Contents

Chairperson’s Report	1-2
Treasurers Report	3-5
Trustees Report	6-7
Independent Examiners Report	8-9
Statement of Financial Actvites	10
Balance Sheet	11
Notes to the Financial Statements	12-19
Maker Heights Limited Review	19-20

Chairperson’s Report

Once again, the Rame Conservation Trust has had a very busy but very rewarding year. Ready for the start of the financial year, and following advice from the Charity Commission and our external accountant, the Trust set up Maker Heights Ltd (MHL) to handle fund raising for the Trust. MHL celebrated its first year over the period, and in the words of talent show hosts, they have smashed it. Not only have they continued to bring in income for the Trust from both Maker Camp and building rental, but they have made a number of strategic decisions that lay the foundations for a strong future. For example, they advocated investment in new toilet and shower facilities for the campsite, which gives the Trust more resilience and enables us to have more pitches in peak periods. All profits generated by MHL go to the RCT for the repair and maintenance of the site.

As well as ensuring commercial returns and strengthening RCT’s financial sustainability, MHL has incorporated social responsibility into their remit. The trading arm has been proactively engaging with tenants to ensure they are supported within our remit of landlord. They are curating a diverse range of new tenants to ensure that all our historic spaces are filled with productive individuals and businesses. At this point, I would need to hand-over to the tenants themselves, which range from fledging businesses to inspirational individuals – their talent and imagination has ensured that Maker Heights continues to be a creative hub, open to all.

Another key investment for the RCT is working with the neighbouring landowner, Evolving Places who run the adjacent Seaforts glamping site, to jointly fund the repair of the access road at Maker Heights. This is fundamental to providing access for everyone who works, learns, visits and creates at Maker Heights. We have also invested in the repair of the many (28) windows in the Nissen huts with a grant from Garfield Weston Foundation, allowing the comfortable use of these buildings by the ever-popular Canteen, Awenek studios community arts hub and the Maker Camp facilities.

As a local charity, we are proud of the public benefit we can bring to our communities. There are over 80 people in employment within RCT spaces at Maker Heights, which includes the campsite and individual business. In addition, we employ over 20 regular contractors to help us with everything from maintaining habitats to repairing the Victorian sewer! Many of the businesses at Maker Heights provide community benefit through the arts and other activities, ranging from creative workshops, retreats, education, food and foraging to music and entertainment. We are also pleased to see that so many local people continue to use the site for walking, enjoying the views and learning about the

1

Chairperson’s Report (cont.)

unique heritage on site. These are all free activities that are so important to our visitors’ well-being.

Another new initiative in the period was the establishment of a Redoubts Working Group, made up of both Trustees and local volunteers, which particularly focuses on Redoubts 4 and 5. The Working Group helps to provide an all-important focus for these iconic monuments, ensuring their upkeep, providing safe access for small groups and working to ensure their future.

To this end, we continued to work with Cornwall Area of Outstanding Natural Beauty (CAONB) on the Monumental Improvement Project. While Phase 1 of the project, which saw consolidation works, new doors and a bridge, was completed during the financial year, we are now planning for Phase 2. Expect a programme of engagement activities in 2022! We also continued to work with CAONB and Awenek Studios on the Monuments Matter to People Project, providing a range of practical conservation and other activities to participants to support lifeskills development, health and well-being and getting people back to work and education. Another important focus is the ongoing repairs to the Barrack Block, which provides a focal point for both heritage and the arts. We used a Heritage at Risk grant to draw up a specification and programme of works, which will keep us busy for years to come!

These projects have been made possible through the support of Community Led Cornwall, National Lottery Heritage Fund, Cornwall Council, Historic England, National Trust South West and The Cornwall Heritage Trust. I would particularly like to thank the Mount Edgcumbe Estate for their vital support with conservation projects on their land.

Signed:

Ursula Stevenson - Chair

2

Treasurer’s Report

As a result of the formation of Maker Heights Limited (MHL), a wholly owned subsidiary of the Rame Conservation Trust, the trading aspects of the Trust were transferred from 1st April 2021. The accounts in this annual report therefore appear different from previous years as the trading activities of studio rentals, campsite and other events on site are now handled by MHL. All profits generated by MHL are transferred back to the Rame Conservation Trust via gift aid. In financial year 2021/22, after a very successful campsite season, which was partly due to high demand for staycations, the Trust received £60,500 from this income source. The addendum to this annual report provides summary information for MHL.

During the year, the Trust continued to invest in the site and an amount exceeding £140,000 has been spent. The major areas of spend were:

Campsite Ladies Toilets Barrack Block Electric Upgrades Redoubts CCTV Total Fixed Assets Access Road and Car Park Water Pumps Sewage Treatment Plant Fire Equipment Barrack Block Roof Repairs Nissen Hut Windows Install & Repair Other Total Repairs and Maintenance Volunteer Support & Wildlife Recording Redoubt 5 & Bridge Projects Nissen Huts Windows Manufacture Car Park Informaton Board Vegetaton Management Barrack Block Roof Phase 1 Total Grants Fixed Assets Repairs and Maintenance Grants TOTAL SITE INVESTMENT 2021/22

£ 33,900 2,100 900 36,900 18,700 1,100 2,400 700 3,900 8,900 14,900 50,600 2,200 4,600 17,000 1,200 2,200 28,700 55,900

143,400

3

Treasurer’s Report (cont.)

The year 2021/22 continued the level of spend achieved over the previous three years with the completion of many major projects. A summary of the last four years indicates an overall spend in excess of £600,000. This spending has achieved the following improvements:

SITE SPENDING 2019 -2022

Barrack Block Windows Barrack Block Electrics Barrack Block Basement repairs Barrack Block Roof Tender & Repairs Nissen Hut Windows Campsite Facilites and Boilers Fire Alarm Systems and Equipment Grenville Debris Clearance, Doors & CCTV Redoubt 5 Survey, Bridge & Repairs Access Road Repairs Sewage Treatment Plant Other GRAND TOTAL	100,200 19,100 23,600 32,600 25,900 50,200 18,000 31,800 131,300 18,700 13,000 140,300 604,700

INCOME

The Trust’s income profile changed in the year 2021/22 with responsibility for activities on the site being transferred to MHL. There is a charge of £3,000 per month to MHL for their use of the land and buildings and this is shown under the

rental section of income.

Campsite, studio rental and self-catering income have all been transferred to MHL and the Trust income and expenditure from these sources has been replaced by an annual gift aid transfer. The chart compares income over the last three years.

4

Treasurer’s Report (cont.)

EXPENDITURE

Overall income reduced with the transfer of responsibilities to MHL but so has expenditure with campsite costs and utilities now taken by the trading arm. Virtually all utilities (electricity, water, gas, communications and insurance) are recharged to MHL, tenants or Evolving

Places Ltd. Depreciation has increased significantly as a consequence of the last few years of increasing fixed asset spend.

GRANTS

The Trust has been fortunate over the last few years to receive grants from multiple sources. It is clear, however, that the grant landscape is changing and grants for heritage conservation are becoming more difficult to achieve. In future the Trust may well have to support many of the planned improvements to the site from its own fund-raising activities.

KEY FINANCIAL INDICATORS

Income Expenditure	Income Expenditure	2017/18 51,100 41,400	2017/18 51,100 41,400	2018/19 130,600 -125,500	2018/19 130,600 -125,500	2019/20 244,000 -251,700	2019/20 244,000 -251,700	2020/21 282,100 -240,700	2020/21 282,100 -240,700	2021/22 162,100 -154,000
SURPLUS/DEFECIT		9,700		5,100		-7,700		41,400		8,100
CASH BALANCE		13,400		83,000		76,100		102,700		82,400
ASSET VALUE		489,900		491,100		378,100		419,200		427,000

Although the Trust has made a small surplus of £8,100 in the year, having spent a considerable sum on site improvements, the free cash position improved to £19,700. The Trust was able to maintain its charity reserves of £22,000 and a match funding reserve of £20,000. Restricted funds have reduced as grants received have been spent.

2019/20 saw a revaluation of the Barrack Block, which resulted in an asset writedown. Otherwise, the asset value of the Trust has improved year-on-year.

Signed: Christopher Day - Treasurer

5

Report of the Trustees

Object of the charity

‘The object for which the Trust is established is to preserve for the benefit of the townspeople of the Borough of Rame in the County of Cornwall and of the nation at large, whatever of the historical, architectural and constructional heritage may exist in and around the Borough of Rame aforesaid in the form of buildings of particular beauty or historical, architectural or constructional interest.’

Public Benefit

The charity acknowledges its requirement to demonstrate that it has charitable aims and purposes that are for the public benefit and have regard for the guidance offered by the Charity Commission.

The trustees believe that the work of the charity in preserving the heritage of the specific location for those that live in that location shows that the charitable aims are indeed for the benefit of the public and that the trustees have complied with Section 4 of the Charities Act 2011. Further, the reviews by the Chair and Treasurer demonstrate exactly how the trustees are complying with the Charity Commissioners guidance regarding public benefit.

Reserves Policy

The trustees have forecast the level of unrestricted reserves needed to sustain the charity’s operations over a period when its anticipated income generated from activities might be temporarily curtailed. The trustees consider the most appropriate level of the reserves at 31st March 2022 would be in the region of £22,000. This represents sufficient reserves to meet the costs of the charity for 3 months and would provide sufficient time to allow for an organised approach to the ongoing business of the charity. At 31st March 2022 the charity had reserves of £419,000, however these are not liquid. The charity has unrestricted cash reserves of £52,722 at 31st March 2022.

The trustees seek to maintain a broad base of funding sources, including proceeds from rental, services, donations, membership and grant funding. By implementing effective cost control measures and ensuring the regular provision of management information and reporting, they aim to minimise financial risk to the charity in relation to its activities.

Responsibilities of the Board of Trustees

The trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations and United Kingdom Generally Accepted Accounting Practice.

6

Report of the Trustees (cont.)

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year. The financial statements are required by law to give a true and fair view of the charity’s financial position at the end of the year and of the incoming resources and application of resources of the charity for that year.

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

• 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 the going concern basis unless it is inappropriate to presume that the charity will continue in operation

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees on 21st September 2022 and signed on their behalf by:

Ursula Stevenson

Trustee

Lyn Reid Trustee

7

Independent Examiner’s Report on the Unaudited Financial Statements of The Rame Conservation Trust

This reports on the accounts of Rame Conservation Trust for the year ended 31st March 2022, which are set out on pages 13 to 22

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

Respective responsibilities of the Trustees and Examiner

The charity’s trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of financial statements. They consider that an audit is not required for this year under Section 144(2) the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

• Examine the accounts under section 145 of the 2011 Act

• To follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act

• To state whether particular matters have come to my attention

Basis of Independent Examiner’s Report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. That examination includes a review of the accounting records kept and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ and the report is limited to those matters set out in the statement below.

8

Independent Examiner’s Report on the Unaudited Financial Statements of The Rame Conservation Trust

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

1. Which gives us reasonable cause to believe that in any material respect the requirements

2. to keep accounting records in accordance with section 386 of the Companies Act 2006: and

3. to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or

4. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Andrew Wing LLB FCA

Wings, Chartered Accountants Unit 1, Pearl Assurance House Elbow Lane Tavistock Devon PL19 0BG Dated 11 September 2022

9

Statement of Financial Activities for the year ended 31 March 2022

		Unrestricted	Restricted	Total This	Total Last
	Notes	Funds	Income Funds	Year	Year
		£	£	£	£
Income and endowments from:
Donatons and subs etc.	4	10,103	54,186	64,289	130,262
Income from other trading actvites	4	37,300	-	37,300	85,076
Investment Income	4	8	-	8	15
Charitable actvites	4	-	-	-	41,725
Gif Aid	4	60,500	-	60.500	-
Covid-19 Support Grants	4	-	-	-	25,000
Total		107,911	54,186,238	162,097	282,078
Expenditure on:
Charitable actvites	5	56,243	55,879	112,122	216,381
Other	5	42,196	-	42,196	24,670
Total resources expended		98,439	55,879	154,318	241,051
Net Income/(Expenditure)		9,472	(1,693)	7,779	41,027
Transfer between funds		(1,693)	1,693	-	-
Net incoming/(outgoing)		7,779	-	7,779	41,027
resources before other
recognised gains/(losses)
Other recognised gains/(losses)
Gains and losses on revaluaton of fxed asssets for the charites		-	-	-	-
own use
Transfer from Revaluaton		341	-	341	342
Reserve
Net movement in funds		8,120	-	8,120	41,369
Total funds brought forward		385,319	-	385,319	343,950
Total funds carried forward		393,439	-	393,439	385,319

The statement of financial activities includes all gains and losses in the year.

All income and expenditure derive from continuing activities.

10

Balance Sheet as at 31 March 2022

		Unrestricted	Restricted
		Funds	Income Funds	Total This	Total Last Year
				Year
		£	£	£	£
Fixed Assets:
Tangible Assets	6	314,583	-	314,583	309,856
Current Assets:
Debtors	7	62,126	-	62,126	70,332
Cash at bank and in hand		61,670	20,683	82,353	103,587
Total Current Assets		123,796	20,683	144,479	173,919
Creditors: Amounts falling	8	(11,428)	(20,683)	(32,111)	(64,602)
due within one year
Net current assets/		112,368	-	112,368	109,317
(liabilites)
Total assets less current		426,951	-	426,951	419,173
liabilites
Net Assets		426,951	-	426,951	419,173
Funds of the charity
Revaluaton Reserve	9	33,513	-	33,513	33,854
Unrestricted funds	10	393,439	-	393,439	385,319
Total funds		426.952	-	426,952	419,173

In approving these financial statements as trustees of the company we hereby confirm:

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibility for:

1. ensuring that the company keeps accounting records which comply with sections 386 and 387 of the Companies Act 2006 and

2. preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for the 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 accounts so far as applicable to the company.

These financial statements have been prepared in accordance with the Special Provisions of Part 15 of the Companies Act 2006 relating to small companies.

These financial statements were approved by the Trustees on 21st September 2022 and signed on its behalf by:

Ursula Stevenson, Trustee Lyn Reid, Trustee

11

Notes to the Accounts for the year ended 31 March 2022

1 Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

1.1 Basis of Preparation

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 (FRS102) (effective 1 January 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.

Rame Conservation Trust meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

1.2 Reconciliation with previous Generally Accepted Accounting Practice

In preparing the accounts, the trustees have considered whether in applying the accounting policies of FRS102 and the Charities SORP FRS102 the restatement of comparative item was required.

At the date of transition, no restatements were required.

1.3 Preparation of the accounts on a going concern basis.

The Trust is clear of debt at the end of the financial year but still has significant commitment to maintain and secure the remaining assets under its control which will depend on the continued support of the community and the Trusts partners and supporters.

1.4 Fund Accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the Trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Charities work for specific projects undertaken by the charity.

1.5 Income

Recognition of income These are included in the Statement of Financial Activities (SoFA) when: - the trustees are virtually certain they will receive the resources; and - the monetary value can be measured with sufficient reliability.

Incoming resources with Where incoming resources have related expenditure (as with related expenditure fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA.

12

Notes to the Accounts for the year ended 31 March 2022 (cont.)

1 Accounting Policies (cont.)

1.5 Income (cont.)

Grants and donations

Tax reclaims on donations and gifts

Contractual income and performance related grants Gifts in kind

Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.

Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate.

This is only included in the SoFA once the related goods or services have been delivered.

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.

Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity.

Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable.

Donated services and facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Volunteer help

Investment income

The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.

This is included in the accounts when receivable.

Investment gains and losses

This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

1.6 Expenditure

Liability Recognition

Governance Costs

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.

13

Notes to the Accounts for the year ended 31 March 2022 (cont.)

1 Accounting Policies (cont.)

1.6 Expenditure (cont.)

Grants with performance conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output.

• Grants payable without These are only recognised in the accounts when a performance conditions commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.

• Support Costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

1.7 Assets

• Depreciation

Depreciation has been provided at the following rates in order to write off the

er to write of the
Plant and Machinery	20% straight line
Fixtures and ftngs	10% straight line
Freehold property	over 50 years
Leasehold land
and buildings	over period of lease

Revaluation of Properties Individual freehold and leasehold properties, other than investment properties, are revalued every five years with the surplus or deficit on book value being transferred to the revaluation reserve, except that a deficit which is in excess of any previously recognised surplus over depreciated cost relating to the same property, or the reversal of such a deficit, is charged (or credited) to the profit and loss account. A deficit which represents a clear consumption of economic benefits is charged to the profit and loss account regardless of any previous surplus.

When depreciation charges are increased following a revaluation, an amount equal to the increase is transferred annually from the revaluation to the profit and loss account as a movement on reserves. On the disposal of a revalued fixed asset, any related balance remaining in the revaluation reserve is also transferred to the profit and loss as a movement on reserves.

14

Notes to the Accounts for the year ended 31 March 2022 (cont.)

1 Accounting Policies (cont.)

1.8 Cash at Bank and In Hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.9 Creditors and Provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

1.10 Legal Status of the Charity

The charity is a Limited Company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

	2022	2021
	£	£
2 Surplus for the year
This is stated afer charging:
Depreciaton of leasehold assets	3,430	3,430
Depreciaton of owned fxed assets	28,416	11,631
Independent Examiners Fees	750	750
	32,596	15,811
3 Interest Payable
Bank Interest	-	-
Loan Interest	-	-
	-	-

15

Notes to the Accounts for the year ended 31 March 2022 (cont.)

			2022	2021
			£	£
4	Analysis of Income
	Voluntary Income	Donatons and Sponsorships	4,843	5,475
		Gif Aid Reclaimed	-	617
		Membership Fees	5,260	3,932
		Restricted grants	54,186	120,238
			64,289	130,262
	Income from other trading actvites	Camping, events and fundraising actvites	37,300	85,076
			37,300	85,076
	Investment Income	Bank Interest	8	15
			8	15
	Charitable Actvites	Barrack Block Rental	-	30,225
		Nissen Huts Rental	-	7,900
		Self Catering	-	3,600
			-	41,725
	Gif Aid from Subsidiary	Gif Aid from Trading Subsidiary	60,500	-
			60,500	-
	Covid-19 Support Grants	Cornwall Council Grant	-	25,000
			-	25,000
5	Analysis of Expenditure
	Charitable Actvites	Repairs, maintenance, site &	41,749	32,928
		rental costs
		Campsite expenses	-	42,284
		Repair and Maintenance BA	8,230	7,381
		Water	47	515
		Insurance - current year charge	2,846	4,653
		Light and Heat - Net	(288)	937
		Telephone and Fax	647	996
		Toilet Hire	1,159	1,358
		Caretaker	1,853	3,200
		Restricted grant expenditure	55,879	122,129
			112,122	216,381

16

Notes to the Accounts for the year ended 31 March 2022 (cont.)

				2022	2021
				£	£
5 Analysis of Expenditure	(cont.)
Other Expenditure	Advertsing and Publicity			1,834	2,800
	Rent			1,867	1,867
	Rates			725	(781)
	Administraton Expenses			1,478	1,615
	Subscriptons			50	250
	Trustee Expenses			23	339
	Accountancy Fees			750	750
	Bank Charges & Paypal fees			163	726
	Legal & Professional			3,119	2,043
	Depreciaton			32,187	15,061
				42,196	24,670
6 Tangible Fixed Assets
		Freehold Land	Leasehold Land	Fixtures and	Total
		and Buildings	and Buildings	Fitngs
		£	£	£	£
Cost/Revaluaton
As at 1st April 2021		175,000	167,216	131,594	473,810
Additons		-	33,863	3,051	36,914
Disposals		-	-	-	-
Revaluaton		-	-	-	-
As at 31st March 2022		175,000	201,079	134,645	510,724
Depreciaton
As at 1st April 2021		55,000	77,820	31,134	163,954
Adjustment on revaluaton		341	-	-	341
Charge for the Year		2,159	3,430	26,257	31,846
As at 31st March 2022		57,500	81,250	57,391	196,141
Net Book Value
31st March 2022		117,500	119.829	77,254	314,583
31st March 2021		120,000	89,396	100,460	309,856

Freehold Land at cost included above not depreciated £50,000

17

Notes to the Accounts for the year ended 31 March 2022 (cont.)

6 Tangible Fixed Assets (cont.)

Revaluation of Freehold Property

The freehold property owned by the Trust was subject to independent valuation in the year ended 31st March 2020.

The details of the valuation are:-

Valuer: Nick Holman FRICS – Vickery Holman Chartered Surveyors Date of Valuation: Full valuation – 17th December 2019 Basis of valuation: Market Value Valuation: £175,000 Date of Previous Valuation: May 2017

	Basis of valuaton: Market Value Valuaton: £175,000 Date of Previous Valuaton: May 2017
		2022	2021
		£	£
7	Debtors
	Debtors	400	1,853
	Prepayments	7,010	9,263
	Gif Aid due from trading subsidiary	10,500	-
	Deferred Consideraton	44,216	59,216
		62.126	70,332

Of the total debtors figure, deferred consideration of £44,216 (2021: £59,216) is due to be received after one year.

8 Creditors: amounts falling due within one year

	Restricted grant monies held	20,683	47,549
	Advanced campsite bookings	-	-
	Accruals	8,891	5,227
	Other creditors - unrestricted	2,537	7,637
	Other creditors - restricted	3,316	3,316
	EP Creditor	-	873
		32,111	64,602
9	Revaluaton Reserve
	As at 1 April 2021	33,854	34,196
	Arising on revaluaton during the year	(341)	(342)
	Transferred to General Reserve re prior year depreciaton	-	-
	At 31st March 2022	33,513	33,854

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Notes to the Accounts for the year ended 31 March 2022 (cont.)

10 Movement of Major Funds

	Fund				Prior year	Fund
	balances			Transfer	adjustment	balances
Fund Names	brought forward	Income	Expenditure	between funds	on revaluaton	carried forward
	£	£	£		£	£
Restricted Funds	-	54,186	(55,879)	1,693	-	-
Unrestricted Funds
General Reserve	385,319	107,911	(98,439)	(1,693)	341	393,439
Total Funds	385,319	162,097	(154,318)	-	341	393,439

11 Payments to Trustees

There were no payments to Trustees in the year other than reimbursed expenses.

12 Other Matters relating to Trustees

There were no other matters arising that have not already been disclosed.

Maker Heights Limited - Review of 2021/22

Following recommendations from both the Charity Commission and the Rame Conservation Trust’s external accountant, a limited company was incorporated to take on the fund-raising responsibilities for the Trust. Maker Heights Limited (MHL) was incorporated in March 2021 and commenced trading from 1st April 2021. It is a wholly owned subsidiary of the Rame Conservation Trust (RCT) and all profits are remitted back to the RCT to enable further improvements to the site at Maker Heights.

MHL is responsible for all income-generating activities on site, in 2021/22 this included running the campsite, renting studios at the Barrack Block and workspaces at the Nissen

Huts, managing a self-catering unit as well as organising events and activities. MHL pays a rent of £36,000 a year to the RCT for the right to operate the site.

This review covers MHL’s first year of operation, which has been extremely successful with over £60,000 gift-aided to the Trust which when added to the rental income generated just under £100,000 for the charity.

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Maker Heights Limited - Review of 2021/22 (cont.)

A summary of the financial results are as follows:

Revenue Expenditure	£ Maker Camp income Self-catering income Rental income 123,100 10,600 43,100	£ Maker Camp income Self-catering income Rental income 123,100 10,600 43,100
	Total Revenue	176,900
	Utlites and insurance Maker Camp Team Self-catering expenses Communicatons and IT Maker Camp expenses Waste collecton Administraton Site rental to RCT Gif aid to RCT (8,900) (25,600) (8,000) (4,600) (16,300) (8,100) (8,700) (36,000) (60,500)
	Total Expenditure	(176,800)
	PROFIT	100

Financially it was a successful year but, in addition, other more intangible benefits have ensued. All rental spaces were occupied during the financial year by a mix of creative industries including musicians, artists, poets and playwrights, foragers and community crafts plus the Maker Canteen. In addition to individual rentals, several of these are successful businesses in their own right, supporting local employment and families on the Rame Peninsula. In addition, the campsite welcomed many more campers than in previous years. Maker Camp benefitted from the high demand for staycations following the COVID-19 pandemic, and continues to offer affordable camping for all. It is hoped that the significant uplift in camper numbers can be maintained in future years. Building on the history of Maker Camp, which started as a project to offer holidays in nature for children from deprived areas, MHL continues to offer affordable holidays with a week’s camping for a family of two adults and two children costing £168 – far below the cost of holiday rentals elsewhere in the county. We also worked with a local charity to support local families experiencing financial stress, providing opportunities to relax in nature.

Maker Camp has been approved as a South West Coast Path Way Maker Friend and offers single night stays for walkers of Britain’s longest National Trail.

Since MHL’s self-catering unit delivered limited profit and required excessive management time a decision was made to convert the Nissen Hut to additional campsite facilities. For future years this will enable the full use of the 90 pitches available under the campsite licence. The conversion of the Nissen Hut took place over the winter and the new facilities will be available for the 2022 campsite season.

In 2021/2 MHL’s Directors were: Julian Gray, Cathy Green, Dick Ogilvie, James Sainsbury and Mike Whittingham.

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Our Partners

We would like to take this opportunity to give a big THANK YOU to …

• Maker Campers - all income goes to conserving Maker Heights

• All the Trust’s members and volunteers

• and our partners:

Maker Memories Project Maker with Rame Parish Council Millbrook Parish Council Mount Edgcumbe Estate Mount Edgcumbe Country Park Clarrick and Pigshill Woods CIC South West Coast Path Association

Cornwall Area of Outstanding Natural Beauty Unit Cornwall Council Historic England Natural England

Co-op Local Community Fund

National Lottery Community Fund … and to everyone who supports Maker Heights