2024-03-31-accounts

RAME CONSERVATION TRUST (Private Company Limited by Guarantee)

Annual Report and Financial Statements for the year ended 31st March 2024

Company Number : 3440492

Registered Charity Number : 1066389

Rame Conservation Trust

Company Information

Trustees	Ursula Stevenson – Chair
	Chris Day
	Lyn Reid
	Caroline Vulliamy
	Cathy Green – resigned 17thOctober 2023
	Richard Ogilvie
	Ines Rae – appointed 20thJune 2023
	Andrew Martin – appointed 23rdJanuary 2024
	Leon Frey – appointed 23rdJanuary 2024
	Deborah Carne – appointed 20thFebruary 2024
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
Registered Office	The Nissen Huts
	Maker Heights
	Cornwall
	PL10 1LA
Registered No.	3440492
	(England and Wales)
Registered Charity No.	1066389

Rame Conservation Trust

31/03/2024

Contents	Page
Chairpersons Report	1 - 2
Treasurers Report	3 - 5
Trustees Report	6 - 7
Independent Examiners Report	8 - 9
Statement of Financial Activities	10
Balance Sheet	11
Notes to the Financial Statements	12 - 19

Rame Conservation Trust

Chairperson’s Annual Report 1st April 2023 to 31st March 2024

We have had another eventful year - an incredible amount of energy and creativity has been put into our heritage and community enterprises at Maker Heights.

In July 2023, we heard that we were successful with our first stage application to the Good Growth (Cornwall and Isles of Scilly Shared Prosperity) Fund, and after preparation of a Business Case, contracts were signed at the end of October. The Maker Heights Creative Enterprise Hub is a £460,000 project aiming to provide sustainable growth for the businesses and visitors to Maker Heights. Capital works include an energy efficiency and renewables package, disabled facilities and access measures. The project also involves a training and mentoring programme, funded internships and promotional events, in addition to a ‘digital hub’ comprising a new website and branding. We have also been able to employ a Creative Hub Coordinator, who has been instrumental in making all this happen. Six months into the 18 month project and workstreams are well underway, with completion of the disabled facilities, an energy study and ongoing support for our creative tenants.

The year also saw the successful completion of the ‘Vision for Grenville Battery’ project, partfunded by the National Lottery Heritage Fund. This comprised an options appraisal and community consultation on future uses for Grenville Battery. We had over 120 responses from people on-line and attending the exhibition, with the preferred use being a mixture of options: mixed-use rooms, event space in the courtyard and all with a strong conservation approach. This provides us with a foundation for more detailed design and grant applications.

Working towards recommendations in the site’s Conservation Management Plan, we also completed a historic landscape appraisal, geophysical survey and conservation volunteering with £18,000 from Farming in Protected Landscapes (FiPL) with the aim of learning more about the nationally important landscape at Maker Heights.

At the Barrack Block we completed repair and conservation works to the Sergeant’s End and repairs to the roof following winter storms. We also acquired the Millbrook Chapel of Rest from the Friends group, some of whom have joined Trustees in a new Working Group set up to secure the Chapel’s future. As the RCT’s remit is to conserve heritage for public benefit, we would like to find a new use for the building and as a first step, we are starting with some essential repairs.

The Trust’s Redoubts Working Group (RWG) have been focussing on the fascinating history of Maker Heights, the Group has expanded its team, adding to its skills and knowledge base. The RWG were instrumental in delivering the Options Appraisal for Grenville Battery, and are now in discussion with the key stakeholders to evaluate possible future public access and usage of this unique structure. At Redoubt 5 they have been working with Pigshill and Clarrick Woodlands CIC and have made great progress in vegetation clearance under the supervision of Historic England. They have facilitated guided public tours and exposed for the first time in decades a structure that has remained largely unaltered since 1815. The Working Group are all volunteers and the Trust is very grateful for the time, energy and expertise spent on looking after these structures.

1

Rame Conservation Trust

Chairperson’s Annual Report 1st April 2023 to 31st March 2024 cont’d

The campsite, run by our trading subsidiary, Maker Heights Limited (MHL) had another good year, over 6,000 campers were welcomed on site. I would like to thank MHL Directors and campsite team for all their hard work behind the scenes, ensuring that Maker Heights is a welcoming place to visit. MHL has employed a new Executive Manager to oversee trading activities, primarily the campsite and licensees, and we are excited about new ideas for the future.

The tenant run-businesses have worked their own Maker magic providing our local communities and visitors with delicious local food and cocktails, a sell-out Community Pantomime, Halloween extravaganza, Christmas Market and an incredible range of talented musicians to our humble hill. They also offer an array of learning experiences from textile workshops, art classes, music lessons, to activity-filled autism retreats. Many of the tenants volunteer their time to support projects and events, so a big thanks for all their support and energy.

I would like to thank Cornwall National Landscape and Historic England, for their ongoing support and advice, with everything from funding opportunities to technical knowledge. I would particularly like to thank the Mount Edgcumbe Estate for their vital support with conservation projects on their land.

Signed:…………………………. Ursula Stevenson – Chair Dated 16[th] July 2024

2

Rame Conservation Trust

Treasurer’s Annual Report 1st April 2023 to 31st March 2024

The Rame Conservation Trust receives income from a number of sources. Our subsidiary Maker Heights Ltd gift-aids 100% of their profit to the Trust and, in addition, pays rental for the central site at Maker Heights. We also receive grants to assist with the repairs and development of the freehold and leasehold properties for which we are responsible. This grant income is classified as restricted funds as it can only be used for the specific agreed purpose.

Unrestricted Income

Rental Income Donations & Membership Gift Aid Received Other Income	2023	2024
	36,000 36,000 4,300 4,400 13,000 36,100 2,900 700
Total	56,200	77,200

Excluding grants, income has increased from the previous year due to the increased level of gift aid received from Maker Heights Ltd. This is in part the consequence of our subsidiary having invested in campsite facilities in the previous year. Rental income, donations and membership have remained steady. These funds are used to maintain the site and to support any projects which are not grant funded.

Unrestricted Expenditure

ure
Utilities & Insurance Repairs and Maintenance Projects Depreciation Other Expenditure	2023	2024
	3,300 3,600 22,200 21,500 27,000 33,600 17,800 17,600 14,800 16,800
Total	85,100	93,100

Day to day expenditure has remained steady this year. No significant fixed asset additions have been made so depreciation is stable. Most of the day-to-day expenditure is little changed year on year but the spend on projects allows the Trust to prioritise improvements to the site. This year we were able to complete the following:

• Listed building and planning applications for repairs to the Barrack Block and extension to the car park £2,200

• Windows and door painting for the Barrack Block £2,700

• Nissen huts repainting £3,300

• Removal of dangerous trees on the main road £2,300

• Sewage Treatment Plant repairs and maintenance £10,800

• Repairs to the sergeants end of the Barrack Block £9,800

• Redecoration of the visitor centre in the Barrack Block £2,500

3

Rame Conservation Trust

Treasurer’s Annual Report 1st April 2023 to 31st March 2024 cont’d

Grants

In the year, income from grants was £119,800 whilst spend was £135,900. The difference of £16,100 relates to monies the Trust has invested to match fund received grants.

• A total of £22,400 was spent to complete the Vision for Grenville Battery (Redoubt 4). This project was supported by £10,000 received from the National Lottery Heritage Fund. The final report will be used to support future grant applications to bring the fort into sustainable use.

• The FIPL grant (Farming in Protected Landscapes) was completed in the year with spend of £21,800. This covered geophysical and historic landscape assessment work across the site.

• During the year the Chapel of Rest in Millbrook was taken on by the Trust. The freehold was transferred together with a small amount of funds, which are being used to support the immediate repairs needed to the property. Costs in the year totalled £700 but more will be spent in subsequent years.

• Additional funds were made available from Cornwall National Landscape to support vegetation management on the Redoubts as part of their Monumental Improvement Project, funded by the National Lottery Heritage Fund. The total spent was £5,300.

• A major grant application totalling £460,000 was approved by the Good Growth (Cornwall and Isles of Scilly Shared Prosperity) Fund. This work has been started in this financial year but will continue until March 2025. The grant supports the creation of a Maker Heights Creative Enterprise Hub as well as improving energy efficiency across the site and installing a new upgraded power line together with investing in renewables where possible. A total of £25,000 match funding is required from the Trust, the first half has been paid this year with the second £12,500 due in November 2024. The £85,700 spend has covered the cost of the new disabled facilities, a full site energy audit and the submission of planning applications and listed building consents for the new power line, renewables and thermal efficiency measures for the Barrack Block. We have also commenced a comprehensive rebranding exercise for the Trust, Maker Heights Ltd and all our tenants across the site. A hub co-ordinator together with support staff have been employed to assist with delivering the project.

Summary

Income Expenditure Surplus/Deficit Cash Balances Free Cash Cash Reserves Match Funding Reserve Restricted Cash Total Cash Asset Value	2021/22 162,100 (154,000) 8,100 19,700 22,000 20,000 20,700 82,400 427,000	2022/23 62,200 (91,800) (29,600) 7,500 22,000 20,000 26,700 76,200 432,300		2023/24 196,900 (223,000)
				(33,100)
				17,200 22,000 12,500 21,000
				72,700
Asset Value	427,000	432,300		399,300

4

Rame Conservation Trust

Treasurer’s Annual Report 1st April 2023 to 31st March 2024 cont’d

Despite the deficit of £33,100, which has reduced the asset value of the Trust, cash remains strong with the level of reserves being maintained and free cash improving by nearly £10,000. The restricted cash balance is wholly dependent on the timing of grant receipts and expenditure.

Signed………………………….. Chris Day Treasurer Date : 16[th] July 2024

5

Rame Conservation Trust

Report of the Trustees for the year ended 31st March 2024

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 has 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 2024 would be in the region of £22,000. This represents sufficient reserves to meet the core 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 2024 the charity had reserves of approximately £399,000, however these are not liquid. The charity has unrestricted cash reserves of £51,741 at 31st March 2024.

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.

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.

6

Rame Conservation Trust

Report of the Trustees for the year ended 31st March 2024 cont’d

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 the 16[th] July 2024 and signed on their behalf by:

……………………………. ………………………………………… Andrew Martin Richard Ogilvie Trustee Trustee

7

Rame Conservation Trust

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 2024, 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 2019.

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.

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

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

• 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

8

Rame Conservation Trust

INDEPENDENT EXAMINER’S REPORT ON THE UNAUDITED FINANCIAL STATEMENTS OF THE RAME CONSERVATION TRUST (cont’d)

1. 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 23[rd] July 2024

9

Rame Conservation Trust

Statement of Financial Activities for the year ended 31 March 2024

Notes Income and endowments from: Donations and subs etc. 4 Income from other trading activities 4 Investment Income 4 Charitable Activities 4 Gift Aid 4 Profit on disposal of assets 4 Total Expenditure on: Charitable activities 5 Other 5 Total resources expended Net Income/ (Expenditure) Transfer between funds Net incoming/(outgoing) resources before other recognised gains/(losses) Other recognised gains/(losses) Gains and losses on revaluation of fixed assets for the charity's own use Transfer from Revaluation Reserve Net movement in funds Total funds brought forward Total funds carried forward	Unrestricted funds £ 4,371 36,000 679 - 36,086 - 77,136 63,197 30,884 94,081 (16,945) (16,110) (33,055) - 1,041 (32,014) 364,166 332,152	Restricted income funds £ 119,779 - - - - - 119,779 135,889 - 135,889 (16,110) 16,110 - - - - - -	Total this year £ 124,150 36,000 679 - 36,086 - 196,915 199,086 30,884 229,970 (33,055) - (33,055) - 1,041 (32,014) 364,166 332,152	Total last year £ 12,702 36,000 120 - 13,000 360
				62,182
				64,756 27,041
				91,797
				(29,615) -
				(29,615) 342
				(29,273) 393,439
				364,166

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

All income and expenditure derive from continuing activities.

10

Rame Conservation Trust

Balance Sheet as at 31 March 2024

Notes Fixed Assets: Tangible Assets 6 Current Assets: Debtors 7 Investments 8 Cash at bank and in hand Total Current Assets Creditors: Amounts falling due within one year 9 Net current assets/ (liabilities) Total assets less current liabilities Net Assets Funds of the charity Revaluation reserve 10 Unrestricted funds 11 Total funds	Unrestricted funds £ 317,262 40,959 2 51,741 92,702 (10,682) 82,020 399,282 399,282 67,130 332,152 399,282	Restricted income funds £ - - - 21,020 21,020 (21,020) - - - - - -	Total this year £ 317,262 40,959 2 72,761 113,722 (31,702) 82,020 399,282 399,282 67,130 332,152 399,282	Total last year £ 335,909
				53,782 2 76,212
				144,479
				(33,568)
				96,428
				432,337
				432,337
				68,171 364,166
				432,337

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 16[th] July 2024. and signed on its behalf by:

11

Rame Conservation Trust _________

Notes to the Accounts for the Year Ended 31 March 2024

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 2019) - (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.

Grants and donations

Tax reclaims on donations and gifts

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.

12

Rame Conservation Trust

Notes to the Accounts for the Year Ended 31 March 2024 (cont.)

Accounting policies (cont.)

• 1.5 Income (cont.)

Contractual income and This is only included in the SoFA once the related goods or performance related grants services have been delivered. Gifts in kind 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 These are only included in incoming resources (with an facilities 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 The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. Investment income This is included in the accounts when receivable. Investment gains and This includes any gain or loss on the sale of investments and losses any gain or loss resulting from revaluing investments to market value at the end of the year.

• 1.6 Expenditure

Liability Recognition

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

Governance Costs 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.

Grants with performance Where the charity gives a grant with conditions for its payment conditions 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 commitment performance conditions 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

Plant and Machinery 20% straight line Fixtures and fittings 10% straight line Freehold property over 50 years Leasehold land and buildings over period of lease

13

Rame Conservation Trust Notes to the Accounts for the Year Ended 31 March 2024 (cont.)

Accounting policies (cont.)

1.7 Assets (cont.)

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.

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.

of the charity being wound up, the liability in respect of the guarantee is member of the charity.	limited to £
2024 £ 2 Surplus for year This is stated after charging: Depreciation of leasehold assets 4,971 Depreciation of owned fixed assets 13,676 Independent Examiners Fees 900 19,547 3 Interest Payable Bank Interest - Loan Interest - -	2023 £ 4,971 13,187 750
	18,908
	- -
	-

14

Rame Conservation Trust

Notes to the Accounts for the Year Ended 31 March 2024 (cont.)

4 Analysis of income Voluntary Income Donations and Sponsorships Gift Aid Reclaimed Membership Fees Restricted grants Income from other trading activities Camping, events, allotments and fundraising activities Investment Income Bank Interest Charitable Activities Barrack Block Rental Nissen Huts Rental Self-catering Gift Aid from Subsidiary Gift Aid from trading subsidiary Disposal of fixed assets Profit on disposal of fixed assets	2024 £ 676 - 3,695 119,779 124,150 36,000 36,000 679 679 - - - - 36,086 36,086 - -	2023 £ 1,630 1,860 3,100 6,112
		12,702
		36.000
		36,000
		120
		120
		- - -
		-
		13,000
		13,000
		360
		360

15

Rame Conservation Trust Notes to the Accounts for the Year Ended 31 March 2024 (cont.)

		2024		2023
		£		£
5	Analysis of expenditure
	Charitable Activities	Repairs, maintenance, site & rental
		costs	18,399		18,209
		Renovation projects	33,586		27,048
		Repair and Maintenance BA	3,097		3,908
		Water	(872)		189
		Insurance - current year charge	2,837		2,749
		Light and Heat - Net	-		341
		Telephone and Fax	714		714
		Toilet Hire	1,311		1,308
		Caretaker	4,125		3,639
		Restricted grant expenditure	135,889		6,651
			199,086		64,756
	Other Expenditure	Advertising and Publicity	1,134		1,289
		Rent	5,150		1,867
		Rates	818		1,421
		Administration Expenses	1,308		1,448
		Subscriptions	234		20
		Trustee Expenses	341		364
		Accountancy Fees	900		750
		Bank Charges & Paypal fees	112		110
		Legal & Professional	2,240		1,614
		Depreciation	18,647		18,158
			30,884		27,041

16

Rame Conservation Trust Notes to the Accounts for the Year Ended 31 March 2024 (cont.)

6 Tangible Fixed Assets

Cost/Revaluation As at 1st April 2023 Additions Disposals Revaluation As at 31st March 2024 Depreciation As at 1st April 2023 Adjustment on revaluation Disposals Charge for the Year As at 31st March 2024 Net Book Value 31st March 2024 31st March 2023	Freehold Land and Buildings £ 210,000 - - - 210,000 60,000 - - 3,200 63,200 146,800 150,000	Leasehold Land and Buildings £ 207,283 - - - 207,283 86,221 - - 4,971 91,192 116,091 121,062	Fixtures and Fittings £ 132,365 - - - 132,365 67,518 - - 10,476 77,994 54,371 64,847	Total £ 549,648 - - -
				549,648
				213,739 - - 18,647
				232,386
				317,262
				335,909

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

Revaluation of Freehold Property

The freehold property owned by the Trust was subject to independent valuation in the year ended 31st March 2024.

The details of the valuation are:-

Valuer: Nick Holman FRICS – Vickery Holman Chartered Surveyors Date of Valuation Full valuation – 28[th] October 2022 Basis of valuation Market Value Valuation £210,000 Date of Previous Valuation December 2019

17

Rame Conservation Trust Notes to the Accounts for the Year Ended 31 March 2024 (cont.)

	2024	2024	2023
		£	£
7	Debtors
	Debtors	5,915		2,051
	Prepayments	8,512		8,265
	Gift Aid due from trading subsidiary	11,066		13,000
	Deferred Consideration	15,466		30,466
		40,959		53,782
	Of the total debtors figure, deferred consideration of £15,466 (2023: £30,466) is due to			be
	received after one year.
8	Investments
	Investment in wholly owned subsidiary	2		2
		2		2
9	Creditors: amounts falling due within one year
	Restricted grant monies held	21,020		26,721
	Advanced campsite bookings	-		-
	Accruals	1,000		1,887
	Other creditors - unrestricted	9,682		4,960
	Other creditors - restricted	-		-
	EP creditor	-		-
	Maker Heights Ltd creditor	-		-
		31,702		33,568
10	Revaluation Reserve
	As at 1 April 2023	68,171		33,513
	Arising on revaluation during the year	(1,041)		(342)
	Transferred to General Reserve re prior year depreciation			3
		-		5,000
	At 31st March 2024	67,130		68,171

18

Rame Conservation Trust

Notes to the Accounts for the Year Ended 31 March 2024 (cont.)

11 Movement of Major Funds

Fund Names Restricted Funds Unrestricted Funds General Reserve Total Funds	Fund balances brought forward £ - 364,166	Income Expenditure Transfer between funds Prior year adjustment on revaluation Fund balances carried forward £ £ £ £ 119,779 (135,889) 16,110 - - 77,136 (94,081) (16,110) 1,041 332,152
	364,166	196,915 229,970 - 1,041 332,152

12 Payments to Trustees

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

13 Other Matters relating to Trustees

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

19