RAME CONSERVATION TRUST
(Private Company Limited by Guarantee)
Annual Report and Financial Statements
for the year ended 31st March 2025
Company Number: 3440492
Registered Charity Number: 1066389

Rame Conservation Trust
Company Information
Trustees
Ursula Stevenson - Chair
Caroline Vulliamy - resigned 25t February 2025
Secretary
Treasurer
Independent Examiner
Bankers
Registered Office
Registered No.
Registered Charity No.
Chris Day
Chris Day
Andrew Wing LLB FCA
Wings Accountants Ltd
Unit 1, Pearl Assurance House
Elbow lane
Tavistock
Devon
PL19 OBG
Lloyds TSB
Derrys Cross
Plymouth
Devon
The Nissen Huts
Maker Heights
Cornwall
PL10 1LA
3440492
(England and Wales)
1066389

Rame Conservation Trust
31/03/2025
Contents
Chairpersons Report
Treasurers Report
Trustees Report
Independent Examiners Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
Page
1 - 2
8-9
10
11
12 - 19

Rame Conservation Trust
Chairperson's Annual Report 1st April 2024 to 31st March 2025
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.
The Maker Heights Creative Enterprise Hub was an 18 month project completed in March 2025
with £477,222 from the Cornwall and Isles of Scilly Good Growth Fund. The funding provided the
RCT the opportunity to provide sustainable growth at Maker Heights through both improving the
infrastructure for visitors and tenant businesses and developing the creative and community-
focused activities on site. Key areas of project activity were:
• Transport & Access Measures: Disabled toilet and shower facilities opened in April 2024.
Disabled paths around the Nissen huts were created and a review of disability access
issues for the site was commissioned from the Disability Enabling Network which made a
number of recommendations for future implementation.
• Energy Efficiency for Barrack Block: Loft insulation, vaulted ceilings insulation and
secondary glazing has been completed throughout the building. Thermal plastering work
has been carried out in suitable rooms with outside facing walls, leaving the studios in the
Barrack Block noticeably warmer.
an upgraded powerline that will enable future renewables at Maker Heights.
• Digital Hub: Starlink was installed in the Nissen huts and Barrack Block locations,
delivering high speed access to 22 studios in the Barrack Block and three businesses at the
Nissen Huts. It is approximately 20-30 times faster than previous internet speeds. A new
consolidated website for Maker Heights was launched in July 2024.
Business support: 47 tenants and some of the RCT trustees have taken part in 6 training
sessions over the project period, covering First Aid, Mental Health First Aid, Safeguarding
and Fundraising. Ten internships were successfully delivered, offering young people on the
Peninsula valuable work experience. Our Creative Hub Coordinator worked one-to-one with
our tenants, providing advice, support and networking opportunities.
• Events: There were five major event programmes, including 40 separate events designed
to develop wider audiences. These included support with community theatre workshops
and the wonderful Maker Panto, Open Studios and an Artisan Market, an enhanced
Heritage Open Days programme and a new event, the Elevation Film Festival.
Outside the funded project, after obtaining the relevant consents, the RCT also upgraded the site
car-park, which will enable better access to the campsite and more parking spaces overall. We
have installed an 'honesty box' which we hope will generate some income to help us maintain it.
1

Rame Conservation Trust
Chairperson's Annual Report 1st April 2024 to 31st March 2025 cont'd
Following the acquisition of the Millbrook Chapel of Rest from the Friends group the previous year,
we have set up a Working Group made up of Trustees and volunteers. We first undertook some
essential repairs as well as a community consultation in April 2024. It was well attended and the
enthusiasm and ideas for future community uses that were generated, will help us with future
applications. Over the summer a number of events and artists exhibitions were held,
enabling people to enjoy this reflective space.
The Trusts Redoubts Working Group (RVG) continues to make progress in the understanding
conservation and management of the historical structures at Maker Heights. Working with Cornwall
National Landscape's Monumental Improvement Project in 2024, sponsorship was achieved from
the National Lottery Heritage Fund, supported by Cornwall Council, the National Trust, Historic
England and the Cornwall Heritage Trust, to create new Interpretation Boards and a Rame walkers
map for each of the 5 Redoubts at Maker. In 2025 sponsorship was awarded by the Fortress Study
Group for a new Interpretation Board for the newly scheduled Heavy Anti-aircraft Battery close to
the Barracks. Public interest in these defensive structures at Maker continues with over 150 people
joining guided history tours of the Redoubts in 2024. The Trust would once again like to extend its
thanks to all the volunteers involved in the RWG for their time, energy and expertise in looking after
these challenging, rare examples of the military history on the Heights.
Maker Heights Limited (MHL) continue to run our commercial activities, including the campsite and
management of licenses. MHL Directors and Executive Manager have covered everything from
essential site-wide infrastructure and vegetation management to support biodiversity, to fresh ideas
for supporting our community and attracting different audiences. Many of the tenants volunteer
their time to support projects and events, so a big thanks for all their help and energy.
I would like to thank all our stakeholders, volunteers and members for continuing to make Maker
Heights such a special place. I would particularly like to thank the Mount Edgcumbe Estate for their
vital support with conservation projects on their land.
event
Signed:...
Ursula Stevenson - Chair
Dated

Rame Conservation Trust
Treasurer's Annual Report 1st April 2024 to 31st March 2025
The Rame Conservation Trust receives income from a variety of sources. Our subsidiary, Maker
leights Ltd gift-aids 100% of their profit to the Trust and, in addition pays rent for the central site a
Maker Heights. We also apply for grants to assist with the repairs and development of the freehol
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.
The Trust was able to deliver significant improvements and give support to tenant businesses
during the year as a result of a large grant from the Good Growth Fund as well as investing ou
internal resources to improve the site facilities and buildings. Overall the year has delivered nearly
£500,000 of spend across the site.
Unrestricted Income and Expenditure
2022/23
2023/24
2024/25
Income
Rental Income
Gift Aid received
Other Income
Total
Expenditure
Repairs and
maintenance
Projects
Depreciation
Site Running Costs
Total
Deficit
36,000
13,000
7,200
56,200
36,000
36,100
5,100
77,200
48,000
9,800
57,800
22,200
27,000
17,800
18,100
85,100
-28,900
21,500
33,600
17,600
20,400
93,100
-15,900
17,000
53,400
18,500
22,500
111,400
-53,600
The rent charged to Maker Heights Ltd. was increased to f4,000 per month at the start of the year
ensuring a regular monthly income to the Trust for its day-to-day expenses. Although no gift-aid
was received from Maker Heights Ltd during the year the company did take on the major part of
the cost of improvements to the car park as well as taking over the routine costs for caretaking
toilet hire, communications and fire systems.
3

Rame Conservation Trust
Treasurer's Annual Report 1st April 2024 to 31st March 2025 cont'd
Despite inflationary pressures, the day to day expenditure required to maintain the site remained
stable, coming in slightly lower than the previous year. Our internal funds supported a number of
maintenance projects. Those undertaken during the year totalled over £60,000:
• The majority of the Barrack Windows were painted, with the exception of some of the
upper windows, which will require scaffolding £13,800
• The Nissen Hut roofs were painted and the last of the windows were replaced £6,300
• Tree clearance continued at redoubt 5 to help to stabilise the structure £4,200
• An office was created within the visitor centre to enable use during the winter period
€3,200
• Further work was needed to keep the sewage treatment plant operational £4,700
• Significant improvements have been made to the car park and surrounds (around
£13,000 was paid by Maker Heights Ltd.) £25,000
• A full electrical certification of the site was carried out together with the recommended
improvements £4,400
• The Chapel of Rest was painted and the guttering and roof was repaired. This was
partially paid by donations and grants but the Trust covered the additional cost £3,000
Restricted Funds
There was a small amount of grant received to assist with the renovation of the Chapel of Rest but the
majority of restricted fund spend related to the Good Growth Fund grant for the creation of the Maker
Heights Creative Enterprise Hub as well as capital works for improving energy efficiency, installing a
new incoming power line and investing in renewables. A total of £417,300 was spent, which included
€12,500 match funded by the Trust. The main elements were:
• New incoming power line, which allows our supply to be split from Evolving Places Ltd (our
neighbour on the site) and provides the ability to export power to the grid £74,800
• Installation of oak frame and solar panels, which will produce electricity for use on site and
export to the grid £78,400
• Improve the thermal efficiency of the Barrack Block by secondary glazing, roof and loft
insulation and thermal plastering to allow the buildings use throughout the winter period
£124,100
Cost of staff to support the delivery of the Creative Hub £35,800
•
Completion of the disabled facilities £800
• Creation of disabled paths around the site and fund a report into accessibility options for the
site £14,900
• Rebranding, website creation, social media support and creation of the digital hub €33,500
Supporting tenant businesses with internships, training and mentoring f25,200
•
Support of events including the Pantomime, Film Festival etc and the creation of tenant films
£23,600
• Cost of External Assessment
€6,200
4

Rame Conservation Trust
Treasurer's Annual Report 1st April 2024 to 31st March 2025 cont'd
Summary
The maintenance projects we have undertaken have been paid for from our own resources with most
of the grant expenditure, with the exception of €12,500 match funding, covered by grant income.
Although the deficit is in excess of £65,000, the site has benefited by spend of over €500,000 in the
year.
Income
Expenditure
Surplus/Deficit
Cash Balances
Free Cash
Charity Reserves
Match Funding Reserve
Restricted Funds
Total Cash
2021/22
162,100
(154,000)
8,100
2022/23
62,200
(91,800)
(29,600)
2023/24
196,900
(223,000)
(33,100)
2024/25
467,800
(534,500)
(66,700)
19,700
22,000
20,000
20,700
82,400
Asset Value
427,000
7,500
22,000
20,000
26,700
76,200
432,300
17,200
22,000
12,500
21,000
72,700
399,300
11,700
22,000
0
3,200
36,900
332,600
This year was also the final year for receipt of deferred revenue from Evolving Places Ltd. When the
property sale occurred in 2015, part of the consideration totalling €150,000 was due to be paid over a
10 year period. These payments have now been fully received. It does, however, mean we lose going
forward £15,000 of incoming cash each year.
The Barrack Block is owned freehold by the Trust and, when the next routine valuation occurs, it is
hoped the investment in the thermal efficiencies of the building will result in an increase in asset value
to compensate in part for this year's deficit.
Signed.....
Chris Day
Treasurer
Date: 21% July 2025

Rame Conservation Trust
Report of the Trustees for the year ended 31st March 2025
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 aroun
the Borough of Rame aforesaid in the form of buildings of particular beauty or historica
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 2025 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 2025 the charity had reserves of
approximately £333,000, however these are not liquid. The charity has unrestricted cash reserves
of £33,690 at 31st March 2025.
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 2025 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 21s* July 2025 and signed on their behalf by:
Sled
Lyn Reid
Trustee

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 2025,
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
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 accountin
equirements of section 396 of the Companies Act 2006 and with the methods an
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)
2. 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 21st July 2025

Rame Conservation Trust
Statement of Financial Activities for the year ended 31 March 2025
Restricted
Unrestricted
Notes
funds
income
funds
Total this
year
€
Income and endowments from:
Donations and subs etc.
Income from other trading
activities
Investment Income
Charitable Activities
Gift Aid
Profit on disposal of assets
Total
Expenditure on:
Charitable activities
Other
Total resources expended
Net Income/ (Expenditure)
Transfer between funds
Net incoming/(outgoing)
resources before other
recognised gains/(losses)
Other recognised gains/(losses)
ains and losses on revaluatio
f fixed assets for the charity'
own use
Transfer from Revaluation
Reserve
Net movement in funds
Total funds brought forward
Total funds carried forward
4
4
4
4
4
4
5
5
8,140
48,000
1,626
57,766
76,227
35,131
111,358
(53,592)
(13,030)
(66,622)
-
1,041
(65,581)
332.152
266,571
410,065
:
410,065
423,095
423,095
(13,030)
13,030
-
-
-
-
-
The statement of financial activities includes all gains and losses in the year.
All income and expenditure derive from continuing activities.
418,205
48,000
1,626
:
467,831
499,322
35,131
534,453
(66,622)
-
(66,622)
-
1,041
(65,581)
332,152
266,571
Total last
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
10

Rame Conservation Trust
Balance Sheet as at 31 March 2025
Restricted
Unrestricted
funds
income
funds
Notes
Fixed Assets:
Tangible Assets
Current Assets:
Debtors
Investments
Cash at bank and in hand
Total Current Assets
Creditors: Amounts falling due
within one year
Net current assets/ (liabilities)
Total assets less current
liabilities
Net Assets
Funds of the charity
Revaluation reserve
Unrestricted funds
Total funds
6
7
8
9
10
298,717
33,217
2
33,690
66,909
(32,966)
33,943
332,660
332,660
66,089
266,571
332,660
Total this
year
Total last
year
-
3,207
3,207
(3,207)
:
298,717
33,217
2
36,897
70,116
(36,173)
33,943
332,660
332,660
66,089
266,571
332,660
317,262
40,959
2
72,761
113,722
(31,702)
82,020
399,282
399,282
67,130
332,152
399,282
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
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 finandial statements were approved by the Trustees on 23J vLy. 2025 and signed on its behalf
by:

Rame Conservation Trust
Notes to the Accounts for the Year Ended 31 March 2025
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
France Repong Enter peas in and Rapin ran 2 are ne
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 notes).
1.2
Reconciliation with previous Generally Accepted Accounting Practice
in preparing the accounts,
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
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
ecided at their discretion to set aside to use for a specific purpose. Restricted funds ar
onations which the donor has specified are to be solely used for particular areas of th
Charities work for specific projects undertaken by the charity.
1.5
Income
Recognition of income
Incoming resources with
related expenditure
Grants and donations
Tax reclaims on donations
and gifts
These are included in the Statement of Financial Activities
(SoFA) when:
- the trustees are virtually certain they will receive th
resources; ano
- the monetary value can be measured with sufficient
Where incoming resources have related expenditure (as with
fundraising or contract income the incoming resources and
related expenditure are reported gross in the SoFA.
rants and donations are only included in the SoFA when t
larity has unconditional entitlement to the resourc
Incoming resources from tax reclaims are included in the SoFf
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 2025 (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 charit
Gifts in kind for use by the charity are included in the SoFA a
Donated services and
facilities
Volunteer help
Investment income
Investment gains and
losses
1.6 Expenditure
Liability Recognition
These are only included in incoming resources
(with an
equivalent amount in resources expended) where the benefit t
the charity is reasonably quantifiable, measurable and material
The value placed on these resources is the estimated value t
the charity of the service or facility received
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.
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.
Governance Costs
Grants with performance
conditions
Grants payable without
performance conditions
Support Costs
1.7
Assets
Depreciation
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.
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
These are only recognised in the accounts when a 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 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 othe
costs by their usage
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

Rame Conservation Trust
Notes to the Accounts for the Year Ended 31 March 2025 (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
revaluation reserve, except that a deficit which is in excess of
depreciated cost
charged to the profit and loss account regardless of an
revious surplus
127A3
1.8 Cash at Bank and In Hand
cash at bany and cash in has or eludes case and sort dum honor opid investment it a
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
rovisions are normally recognised at their settlement amount after allowing for any trad
liscounts du
1.10 Legal Status of the Charity
member of the charity.
2 Surplus for year
This is stated after charging:
Depreciation of leasehold assets
Depreciation of owned fixed assets
Independent Examiners Fees
3 Interest Payable
Bank Interest
Loan Interest
2025
€
2024
4,971
13,574
900
19,445
-
-
4,971
13,676
900
19,547
-
14

Rame Conservation Trust
Notes to the Accounts for the Year Ended 31 March 2025 (cont.)
2025
4 Analysis of income
Voluntary Income
Donations and Sponsorships
Gift Aid Reclaimed
Membership Fees
Restricted grants
Other revenue
Income from other
trading activities
Camping, events, allotments and
fundraising activities
Investment Income
Bank Interest
3,587
1,010
1,860
410,065
1,683
418,205
48,000
48,000
1,626
1,626
Gift Aid from Subsidiary
Gift Aid from trading subsidiary
2024
€
676
-
3,695
119,779
124,150
36.000
36,000
679
679
36,086
36,086
15

Rame Conservation Trust
Notes to the Accounts for the Year Ended 31 March 2025 (cont.)
2025
2024
€
5 Analysis of expenditure
Charitable Activities Repairs, maintenance, site &
rental costs
Renovation projects
Repair and Maintenance BA
Water
Insurance - current year charge
Management fee
Telephone and Fax
Toilet Hire
Caretaker
Restricted grant expenditure
13,709
53,377
3,267
2,874
3,000
Other Expenditure
Advertising and Publicity
Rent
Rates
Administration Expenses
Subscriptions
Trustee Expenses
Accountancy Fees
Bank Charges & Paypal fees
Legal & Professional
Depreciation
423,095
499,322
9
6,650
842
1,823
547
667
900
67
5,081
18,545
35,131
18,399
33,586
3,097
(872)
2,837
-
714
1,311
4,125
135,889
199,086
1,134
5,150
818
1,308
234
341
900
112
2,240
18,647
30,884
16

Rame Conservation Trust
Notes to the Accounts for the Year Ended 31 March 2025 (cont.)
6 Tangible Fixed Assets
Freehold
Land and
Buildings
€
210,000
Leasehold
Land and
Buildings
Fixtures
and
Fittings
Total
Cost/Revaluation
As at 1st April 2024
Additions
Disposals
Revaluation
As at 31st March 2025
207,283
-
210,000
207,283
Depreciation
As at 1st April 2024
Adjustment on revaluation
Disposals
Charge for the Year
As at 31st March 2025
63,200
-
3,200
66,400
91,192
-
4971
96,163
132,365
132,365
77,994
10,374
88,368
Net Book Value
31st March 2025
31st March 2024
143,600
146,800
Freehold Land at cost included above not depreciated
111,120
116,091
£50,000
43,997
54,371
Revaluation of Freehold Property
The freehold property owned by the Trust will be subject to independent valuation in the year
ended 31st March 2028 in accordance with the five-year cycle of valuation
The details of the valuation are:-
Valuer:
Nick Holman FRICS - Vickery Holman Chartered
Surveyors
Date of Valuation
Basis of valuation
Valuation
Date of Previous Valuation
Full valuation - 28th October 2022
Market Value
£210,000
December 2019
549,648
-
-
549,648
232,386
-
18,545
250,931
298,717
317,362
17

Rame Conservation Trust
Notes to the Accounts for the Year Ended 31 March 2025 (cont.)
2025
€
7 Debtors
2024
€
Debtors
Prepayments
Grant monies due
Gift Aid due from trading subsidiary
Deferred Consideration
400
8,956
23,861
5,915
8,512
33,217
11,066
15,466
40,959
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
Advanced campsite bookings
Accruals
Other creditors - unrestricted
Other creditors - restricted
EP creditor
Maker Heights Ltd creditor
3,207
1,000
31,966
21,020
1,000
9,682
36,173
31,702
10 Revaluation Reserve
As at 1 April 2023
Arising on revaluation during the year
Transferred to General Reserve re prior year
depreciation
At 31st March 2024
67,130
(1,041)
-
66,089
68,171
(1,041)
-
67,130
18

Rame Conservation Trust
Notes to the Accounts for the Year Ended 31 March 2025 (cont.)
11 Movement of Major Funds
Fund
balances
Fund
Names
brough
orwar
Income
Expenditure
Restricted
Funds
Unrestricted
Funds
General
Reserve
Total Funds
-
410,065
(423,095)
332,152
332,152
57,766
467,831
(111,358)
(534,453)
Transfer
between
funds
Prior year
adjustment
on
revaluation
€
13,030
-
(13,030)
-
1,041
1,041
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.
Fund
balances
carried
forward
€
-
266,571
266,571
19