## ## |Trustees|||Tim Parnell|||| |---|---|---|---|---|---|---| ||||Susan Radmore|||| ||||Amanda
Rundle|||| ||||Louis Turner|||| ||||Tom Ingate|||| ||||Colin Midson|||| ||||Virginia
Button - Chair||(Appointed|13January 2022)| ||||Roderick Clarke - Secretary||(Appointed|12October 2022)| ||||Jessica Voke||(Appointed|12October 2022)| ||||||(Resigned|12July 2023)| ||||Lauren
Hogan|||| ||||Jo Browse||(Appointed|12July 2023)| ||||Jones Oviawe||(Resigned|16June 2022)| ||||Mark Smith||(Resigned|12October 2022)| |Charity number|||1081199|||| |Company|number||03909555|||| |Registered||office and principal address|The Poly
24 Church Street FALMOUTH|||| ||||Cornwall|||| |Independent||examiner|TR11 3EG|||| ||||Josh Stevens ACA|||| ||||RRL LLP|||| ||||Peat House|||| ||||Newham
Road|||| ||||Truro|||| ||||Cot nwall|||| |Bankers|||TR1 2DP|||| ||||HSBC pic|||| ||||Market Street|||| ||||Falmouth|||| ||||Cornwall|||| |Investment||Managers|TR11 3AA|||| ||||Brewin Dolphin|Ltd||| ||||Ashleigh
Court,|Ashleigh|yyay|| ||||Langage Business Park|||| ||||Plymouth|||| ||||Devon|||| |Independant||Financial Advisers|PL7 5JX|||| ||||Bishop Fleming|||| ||||Salt Quay House|||| ||||Sutton Harbour|||| ||||Plymouth|||| ||||Devon|||| ||||PL4 OBN|||| ## |||Page| |---|---|---| |Trustees'
report||| |Statement
oftrustees'|responsibilities|15| |Independent
examiner's
report||16| |Statement offinancial|activities|| |Balance sheet||19-20| |Notes to the financial|statements|21 - 39| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |We|are becoming||a premier
venue
for entertainment,|a premier
venue
for entertainment,|inspiration|and education|across the arts, sciences| |---|---|---|---|---|---|---|---| |and|local history||||||| |We|are supporting||young and emerging
talent onsite||and offsite||| |We|are supporting||collaboration|across disciplines|||| |We
We|are engaging
are improving|more people
access to our||collections
and archives|||| |We|are improving||our practice||||| |We|are contributing||to the local|economy|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Current financial year|Current financial year|||||||| |---|---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Endowment|Total|Total| |||||funds|funds|funds||| |||||2022|2022|2022|2022|2021| ||||Notes|f|6|||| |Income from:||||||||| |Donations
and legacies|||3|22,524|40,726||63,250|88,089| |Charitable
actwities|||4|213,095|3,376||216,471|121,917| |Investments|||5|24 483|-|4319|28802|17,538| |Total income and|endowments|||260,102|44,102|4,319|308,523|227,544| |~dit||||||||| |Charitable
activities|||6|353,727|28,752||382,479|306,087| |Net gains/(losses)|on investments|||(82,125)|||(82,125)|57,863| |Net (outgoing)/incoming
before transfers||resources||(175,750)|15,350|4,319|(156,081)|(20,680)| |Gross transfers
between||funds||6,021|(1,702)|(4,319)||| |Net movement
in|funds|||(169,729)|13,648||(156,081)|(20,680)| |Fund balances at 1 January 2022||||726,294|124,806||851,100|871,780| |Fund balances at|31 December||2022|556,565|138,454||695,019|851,100| ## ## ## |Prior financial|year|year||||||| |---|---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|Endowment|Total| ||||||funds|funds|funds|| ||||||2021|2021|2021|2021| |||||Notes|E|E|E|E| |lo
f||||||||| |Donations
and|legacies||||70,115|17,974||88,089| |Charitable
activities|||||121,917|||121,917| |Investments|||||13,505||4,033|17,538| |Total income and||endowments|||205,537|17,974|4,033|227,544| |~E||||||||| |Charitable
activities||||6|266,659|39,428||306,087| |Net gains/(losses)||on investments|||57,863|||57,863| |Net (outgoing)/incoming|||resources before|transfers|(3,259)|(21,454)|4,033|(20,680)| |Gross transfers|between||funds||(108,625)|112,658|(4,033)|| |Net movement|in|funds|||(111,884)|91,204||(20,680)| |Fund balances|at 1 January 2021||||838,178|33,602||871,780| |Fund balances|at|31December 2021|||726,294|124,806||851,100| ## ## ## ||||||2022||2021|| |---|---|---|---|---|---|---|---|---| |||||Notes|f.|f|f|| |Fixed assets||||||||| |Tangible assets
Heritage assets
Investments||||12
13
14||179,844
3,980
478,401||158,708
3,980
585,853| |||||||662,225||748,541| |Current assets||||||||| |Stocks||||15|4,270||4,025|| |Debtors||||16|22,828||25,693|| |Cash at bank and||in|hand||103,279||176,441|| ||||||130,377||206,159|| |Creditors: amounts
one year|||falling due within|17|(72,191)||(68,813)|| |Net current assets||||||58,186||137,346| |Total assets less||current liabilities||||720,411||885,887| |Creditors: amounts
more than one year|||falling due after|19||(25,392)||(34,787)| |Net assets||||||695,019||851,100| |Income funds||||||||| |Restricted funds||||23||138,454||124,806| |~Il
tttdt|d|||||||| |Designated
funds||||24|478,901||586,353|| |General unrestricted|||funds||77,664||139,941|| |||||||556,565||726,294| |||||||695,019||851,100| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||jl
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O| ## ## ## ||||||2022|2021| |---|---|---|---|---|---|---| ||||||E|| |Staff costs|||||127,926|102,367| |Depreciation
and impairment|||||15,089|16,398| |Live events||and lectures|||52,172|15,866| |Performing||Rights fees|||496|136| |Freelance|payments||||14,906|18,505| |Equipment||and building||repairs|20,292|28,181| |Poly Guild||costs|||36,892|30,303| |Bar costs|||||200|2,665| |Administration
and sundry expenses|||||19,174|25,216| |Interest payable|||||1,002|863| |Card processing
charges|||||13,382|7,614| |Advertising|||||5,720|7,291| |Insurance|||||8,618|7,454| |Utilities|||||29,089|16,547| |Cleaning|||||15,708|2,000| |Poly Pottery costs|||||4,572|7,656| ||||||365,238|289,062| |Share ofgovernance|||costs (see note 7)||17,241|17,025| ||||||382,479|306,087| |Analysis|by fund|||||| |Unrestricted||funds|||353,727|266,659| |Restricted||funds|||28,752|39,428| ||||||382,479|306,087| ## ## ## |7|Supportcosts|Supportcosts|||||||| |---|---|---|---|---|---|---|---|---|---| |||||||Support|Governance|2022|2021| |||||||costs|costs||| |||||||f|6||| ||Legal and|professional|||||11,824|11,824|11,121| ||Investment|Managers|||||5,417|5,417|5,904| ||||||||17,241|17,241|17,025| ||Analysed|between|||||||| ||Charitable|activities|||||17,241|17,241|17,025| |8|Net movement||in funds|||||2022|2021| |||||||||6|9| ||Net movement||in funds|is stated|after charging/(crediting)||||| ||Depreciation
of||owned tangible||fixed assets|||15,089|16,398| ## ## |The average
monthly
number
ofemployees
during
th|e year was:|| |---|---|---| ||2022|2021| ||Number|Number| |Management||| |Employment
costs|2022
6|2021f| |Wages and salaries|122,521|97,972| |Social security costs|3,437|2,818| |Other pension costs|1,968|1,577| ||127,926|102,367| ## ## ## |12|Tangible fixed assets||||||| |---|---|---|---|---|---|---|---| ||||Freehold
land|Fixtures
&|Equipment|Donated Asset|Total| ||||and buildingsf|Fittingsf|f|f|| ||Cost||||||| ||At 1 January 2022||124,220|9,008|107,032|20,000|260,260| ||Additions||26,404|6,386|3,435||36,225| ||At 31 December 2022||150,624|15,394|110,467|20,000|296,485| ||Depreciation
and impairment||||||| ||At 1 January 2022|||7,800|75,252|18,500|101,552| ||Depreciation
charged|in the year||1,539|12,050|1,500|15,089| ||At 31 December 2022|||9,339|87,302|20,000|116,641| ||Carrying
amount||||||| ||At 31 December 2022||150,624|6,055|23,165||179,844| ||At 31 December 2021||124,220|1,208|31,780|1,500|158,708| ## ## ## ## ## ## ## ## ## |Fixed asset investments|| |---|---| ||Listed| ||investments| |Cost or valuation|| |At 1 January 2022|570,729| |Additions|86,361| |Valuation
changes|(90,161)| |Disposals|(118,754)| |At 31 December 2022|448,175| |Dealing cash balance held|30,226| |At 31 December 2022|478,401| ## ## ## ## |15|Stocks||||||| |---|---|---|---|---|---|---|---| |||||||2022|2021| |||||||5|8| ||Poly Guild and|pottery stock||||4,270|4,025| |18|Debtors||||||| |||||||2022|2021| ||Amounts
falling due within||one year.|||F.|8| ||Trade debtors|||||22,086|7,730| ||Other debtors|||||638|15,443| ||Prepayments|and accrued income||||104|2,520| |||||||22,828|25,693| |17|Creditors: amounts
falling||due within one year||||| ||||||Notes|2022f|2021f| ||Bank loans||||20|9,449|9,700| ||Other taxation|and social security||||2,875|1,471| ||Deferred
income||||18|17,211|14,067| ||Trade creditors|||||22,010|8,698| ||Accruals|||||20,646|34,877| |||||||72,191|68,813| |18|Deferred income||||||| |||||||2022f|2021
5| ||Other deferred|income||||17,211|14,067| ||Deferred income is included||in the financial statements|as follows:|||| ## ## ## |Deferred|income||||(Continued)| |---|---|---|---|---|---| |||||2022|2021f| |Deferred|income is|included
within:|||| |Current|liabilities|||17,211|14,067| |Movements
in the year:|||||| |Deferred|income at|1 January 2022||14,067|8,043| |Released
from previous|||periods|(11,292)|(5,268)| |Resources deferred||in the year||14,436|11,292| |Deferred|income at|31|December 2022|17,211|14,067| |19|Credito|rs: amounts
falling due after more t|han one year||| |---|---|---|---|---|---| |||||2022|2021| ||||Notes|8|F.| ||Bankloans||20|25,392|34,787| |20|Loans|and overdrafts|||| ||||||2021| ||||||6| ||Bank loans|||34,841|44,487| ||Payable|within one year||9,449|9,700| ||Payable|after one year||25,392|34,787| ## ## ## |||Movement|in|funds|||Movement|in funds|| |---|---|---|---|---|---|---|---|---|---| |||Incoming||Resources|Balance at||incoming|Transfers|Balance at| |||resources||expendedt|January|2022|resources||31 December| ||||||||||2022| |||||||||f|9| |Permanent|endowments||||||||| |Endowment|funds|4,033||(4,033)|||4,319|(4,319)|| |||4,033||(4,033)|||4,319|(4,319)|| ||||IG
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